₦airaland Forum

Because you sold cakes. Don't sell out your country for small change.

uthor=AdamuKD post=117241127]
Ur a compound fool
Kaci durin mama nka shaga akuya mmeeee[/quote]Google translation.

Datti you are a mystery, you have not done anything for anyone, not even in your village. Empty barrel.

Lagosians, boys in the streets are angry, because we realize Lagos, our state was set up to be destroyed. You people need to apologize and change your ways. We can't allow outsiders destroy this city in the guise of politics or whatever. Sometimes you don't have to show off in people's faces. Streets no dey smile.

CandyOps:
Nope! that's not true. The state government does not service her debts to the creditors directly.

And by God's grace and by the works of my hands I am proud to say that I can never be broke or need a job in my entire life again. God forbid say I dey employed.

Just see my reply to the guy above because it's a waste of time replying you. Have a great day too.

If I wanted to commit suicide, I would climb up to the height of your ego and jump down to your IQ level. You have a big loose mouth for someone with less than zero I.Q

The more i listen to you the more my IQ dey reduce. Abeg carry your empty head the go. Maybe, only maybe, the agbado you have in place of gray matter will decompose naturally and give space for rejuvenation of more gray cells

I just exposed your ignorance. Get ready lazy asses, true federalism is the next phase, no more free money for anyone.

[quote author=CandyOps post=117235447]No, i don't sound foolish, sir. In fact, I'm talking to you from a place of authority.

I once worked with the Debt Management Financing dept with specific focus on credit facilities going to Africa from Asia. So, when I talk debt servicing or international access to credit facilities, you calm down and listen. Besides, I currently have a workforce of at least 30 employees and around 45 indirectly nationwide across the 36 states of Nigeria.

You seem to be more interested in mudsling and personally attacking me, so, this will prolly be the last i'll reply to your mentions because it seems like a waste of time.

Let me repeat myself, NIGERIA IS IN DEEP SH*T and CANNOT FULLY PAY BACK HER LOAN with the current economic roadmap she is on.

The LASG does not service her debts directly to the international credit officers.
The FGN does that after it must have settled domestically with the states.

Thats what the office of the Auditor is meant for nowadays... which explains the constant fire outbreaks in the office from time to time (to destroy evidences of financial misappropriation)

If the Naira doesn't perform well in about 15 years time, some of the ports in Lagos could be taken over completely by foreign creditors.

HOW TO GET OUT OF DEBT IN A NUTSHELL..

-Create a Debt Payment Plan. ...
-Don't take on Any More Debt. ...
-Pay More Than the Minimum. ...
-Create an Emergency Fund. ...
-Live on a Bare Bones Budget. ...
-Avoid Debt Settlement Organisations. ...
-Negotiate a Lower Interest Rate with Your Bank. ...
-Be Accountable... amongst others.

Currently Africa has the highest interest rate in the whole world on international loans with their almost worthless currency on the international cap index martket (apart from Libya, Ghana and maybe S.A)

Borrowing is a good thing when the debtor has plans to make good use of the money not when it is looted by corrupt public office holders and their godfathers who feel they can lay a claim on the seat of the GCFRN without merit.

You talk about investors looking out for long term investments and growing IGR which is true... but investors are bailing out of Nigeria in droves because they credit score and economic stability of the nation is nothing any serious business owner would want to dabble into.

You seem to be the only one who thinks Nigeria is viable spot for foreign investments and that shows how shallow your knowledge of the international market is
Have a splendid day for the rest of the day.[/quote
You are an educated zombie. You know nothing.
We are talking of Lagos not Nigeria.

He is the greatest political figure in Nigeria today. His works speaks for him. Mans don't need to talk.

Luck always runs out.

ExudeLoveToAll:
Why not remove emotions and exhibit decorum while engaging in a public forum.

When people go low, I decide to go high.

Have a great day.

Try to make sense, you saw someone robbing on camera, still trying to shield him

citygarden:
The developers are still saying it tinubu, not knowing they are the one. I know the man , very generous in spending and he is also connect to GEJ when he was in government. The likes of dino, sen Stella oduala, emoney, etc are his friends. I know the way the Man spend he will have some illegal business that is doing. Am not mocking him but just saying all glitter are not gold. God will see him through because this is Nigeria where anything can happen.

These developers are the drug dealers and manufacturers.

usual suspects.

These Ipobians and man worship

Now this is crowd.

ExudeLoveToAll:
You are innocent until FBI proves you guilty with concrete evidence.

Extrajudicial decisions doesn't go on in the US unlike Nigeria, I guess that's why you asserted so.

Shut up, they already have evidence on him before picking him up.

As usual

Instead the monkey to build factories, or systems that will create more jobs, na coffin he dey sell, how many people coffin business dey employ, when Anambra youths are committing crimes and jobless in Alaigbo.

O mind the hungry zombie youths. You no give, you wan take

CandyOps:
You don't get it. It's an annual investment. Not a one-time payment. I don't think it's a good business.

Lagos is actually costing Nigeria and our unborn kids money to maintain. And the reason is because the bulk of the funds is looted & syphoned out if the state using bogus companies they (public office holders in Lagos) own through a proxy to take contract for jobs they dont perform.

So at the end of the day, we remain in debt. Even after borrowing so much. And our debtors keep giving us so we keep getting into debt that me and you and our kids cannot pay back.

Plus Lagos keeps consuming without producing export goods.

If you have knowledge of elementary maths and can calculate profits and loss this shouldn't be hard to get. Because the numbers don't lie

Which is why we need someone who has a track record of preserving funds and plugging the leaks.


Be safe.
And Vote wisely!

Once again you sound foolish, loans for projects are given on a long term basis, Lagos uses it's loans for capital projects, which is what attracts investors that keeps the IGR growing, loans are necessary and good for expansion, as long as you earn enough IGR to service the loans and still meet your liabilities, Lagos balance sheet is in surplus, when they minus loan servicing bill, recurrent liabilities (salaries, expenses and overheads). Talk of Anambra that is not earning enough, how will Soludo pay back?

The most important thing is earnings.

A state is an entity with its own accounts, the liability and loans of Lagos will be paid by Lagos via the IGR the state makes. Lagos don't need poor people like you here, we need businesses that will come create job, pay good salaries to Nigeria and big spenders. Big cities are not for everyone, stay in your states and pay your taxes there. Myopic man, your head is flaat as Obi, saving money when jobless Anambra youths have turned to cannibals in the bush

This is advanced economics and accounting, not maths.

Period007:
Thiefnibu lagos is the drug capital of Nigeria

Obi is a known drug lord, ask APGA, don't let me post links here

Marwa very effective though, this shows the power of effectiveness. Marwa a grown Sir is performing, while EFCC president a young boy is not performing. It's not about age, if you have it you have it.

BiafraAburi:
You are even dumber than i thought. Tinubu is the sole architect of all the terrorism and economic problems that have bedeviled your z00 because we Igbos warned him in 2015 about the danger of buhari, but he chose to behave like a headless chicken and assisted the terrorist into power. Now, fools like you are clamoring for a clear sick, drug addict, senile, slowpoke, agbado urchin like Tinubu to become your president. By the way, may i remind you that it is not yoruba's turn to rule the z00, but your greed and hatred against the Igbos will push all of you into plunging your z00 into chaos and Biafra will finally emerge. Go and mark this statement somewhere.

Mumu, there are people who owns nigeria and Britain is their chieftain, you just do not do anything without their consent if you are selected to be the president. This is the reason why Peter Obi will not be allowed to become your z00 president even if he wins because Peter Obi will be the first person to do his will as your z00 president instead of the will of the so called masters simply because he is Igbo and Igbos don't take prisoners. The same reason why Britain and their fulani urchins are afraid of the Igbos handling their laggard's cage and the main reason we are opting out to Biafra. No fool can control any Igbo president unlike all you fulanis, yorubas and Ijaw.

Nnamdi Kanu is fcking the whole Alaigbo raw, with no condom, from the back. You fools give up your life and state to a lowlife albino. Tinubu is an APC boss, Buhari controls Nigeria not Tinubu. Obi is an IPOB terrorist sponsor, that is why he challenged Buhari to release terrorists ipob and unknown gunmen. If Obi enters ipob will be empowered. We don't want a flaat head terrorist as our leader. Obi is happy Kanu his partner in crime is killing igbos, he celebrated Kanu, he called him a hero. Am part of those who own Nigeria, but you are a biafran and you will remain a slave because if we let your Ipobians rule, you will destroy Nigeria. Kanu the albino gay lord is resting in the zoo cage.

CandyOps:
I shouldn't grace your mannerless quote with a response but then someone random might read this and get some enlightenment. So here I go...

Firstly, I can school you on how the debt servicing of Nigeria works from OBJs tenure till date and I'll post my sources too... But that'll be too much typing.

Let me help you summarise how the IMF and the International credit system works for Africa that includes- debt servicing in Africa because you sound terribly misinformed.

The FGN in 10 years has consistently paid interest on its Nigerian Treasury Bills (NTB), FGN Bonds, Sukuk Bonds, Saving Bonds and Nigerian Treasury Bonds, while interest on Multilateral, Eurobond borrowings among others continued to increase steadily.

And W
While FG continues to spend heavily on servicing both domestic and external debts and accumulating new loans, its revenue bucket (IGR) is shrinking further, largely due to our corrupt political public office holder looting the hell out of the country's purse with little or no restrictions... With the help of Britain and other western crooks


... If you wonder why we keep getting loans we can't & wont afford to fully service from our creditors, the answer is simple - it's a BIG SCAM


- We are indebted mainly to the West, Arabs and Chinese.

And fiat money isnt worth much after a few years it's printed because the same system that introduced the international trade system (SWIFT) that hedges all currency against the Dollar and Euro is the same system that introduced inflation by printing more money hence making it loss worth in the long run.


Let me explain better,

If there is too much of something in circulation it loses value. If you understand crypto this shouldn't be news to you.

So basically, Africa is fu**Ed by the West and China because the main resources Africa has that can be traded internationally (which will in turn make African currencies perform better on the monetary scale) has been hijacked already by the Creditors precolonial era.

So if we take a loan of 1Trn USD. They'll print more of it and we can't keep up cause our raw materials for work keeps going back to them as finished products and we buy it from them (at their rate hedged against the dollar)


So how on earth is it a good idea to keep borrowing and squandering it on high-rise buildings and white elephant structures that add nothing to the lifes of Nigerians but asethetics?


What happened to growing your export capacity, putting a stop to theives and crooks who syphon and loot almost all borrowed funds for themselves using bogus inflated contracts, refining our own oil, and becoming a strong player in the international stock market?

The moment you said the FG doesn't service state debts, I knew instantly you didn't have your facts right.


Okonjo Iweala, Soludo and Mansur Muthar wrote a comprehensive book on debt management in Nigeria. You should read it if you can. It's a war you CANNOT win especially if you keep borrowing.

In my opinion, what we need is not Eko Atlantic that is always empty. Or another TINAPA.

We need low-cost housing projects, low-cost toilets to eradicate public defecation, low-cost subisdized schools, affordable health-care, clean water and access to technology.

We are not all daft in this country
It's basic knowledge what a country needs to explode it's IGR. Not overpriced Eko Atlantic or railway tracks built with inflated padded contracts given to their owned companies from northern states with almost no export crop to Lagos.

It's so pathetic we can't see it because divide and rule works so well especially when you play the ethnic card.


Lagos is just a wasteful state and the leaders take in calling it the centre of excellence when be say Na squander them dey sqaunder the money and Na all of us go still pay the debt when the time comes.

It's either we pay am forever with our raw materials or we STAND UP AND PLUG THE LOOPHOLES, SAY NO TO THIEVES & CROOKS in the public office, cut down cost of governance, save up the borrowed funds and put it to work.


I'm sorry for the lengthy post but...

Someone has to explain to you that borrowing money to build amusement park and hotel when your people are dying of hunger because your currency worth shit is a bad idea especially when it's with borrowed funds.

I mean, how dumb can you be??

If this is hard to get then it's obvious something is fundamentally wrong with your level of understanding of how a growing nation should be built.

Boy, I can go on and on and on for hours when it comes to Debt Management Funds and how it works. Don't even get me started


Have you ever heard of BRICS and the fight against the USD and Euro?

That's what the war with Russia and Ukraine is all about. Besides, Nigeria is one-leg in debt to the Chinese and another is indebted to the West who are big players on the international monetary scale so... We're just caught in the crossfire catching damage shots from either angle.


Let me give you a break. What you could have argued upon is the fact that Nigeria don't get enough credit facilities because it's currency is underperforming.

But then you're faced with the big question of Transparency -- what have you done with the borrowed funds apart from to build amusement park and hotel?


I'm giving you pointers you could argue to make a better conversation on this but then it's hard to sound educated when you support an idea of motion because it's your tribe.

It's called blind argument.


To be honest, if APC has fielded Fashola or someone else we won't be having this conversation except then the atgum6woukd be against APC not the candidate itself

Be safe and VOTE WISELY!

You are a fool, which all of us pay debt, you stay in Lagos, you pay VAT, you have a job you pay income tax, which you pay everywhere else. You are a stupid pig for talking trash, go and stay in Anambra, Lagos don't need you. Everywhere in the world you pay tax. Every state carries its own tax burden, financiers will come if your state is viable. Anambra can not access the type of funds Lagos access because of viability. You are a real illiterate. The state bears it's debt responsibility, America owes china 12 trillion dollars, a state that is not expanding can not earn more IGR, Soludo just borrowed over 100billion naira. I notice you Ipobians flaat heads are real dull. How do you help the state pay it's debt?

Are you in secondary school, because you sound like a kid. Idiot listen federal government debts portfolio and states are different, federal government and state operate different accounts and federal government does not pay debts for states. You obidiiots are really idiots. You are totally off point. We are talking of Lagos state not federal government, nothing concern federal government or anyone else about Lagos state loans, it is serviced by the state account.. Mugu. You are a fool we are talking about Lagos and Anambra it has nothing to do with federal government. Go and school your father.

Obi this is not how to campaign, your zombies are ridiculing the process.

Jagaban himself, you are the next President of Nigeria, no amount of propanganda and hate can stop you.

Till now, no one has justified why Obi should be president.

Perfectbeing:
I still don't get how people will be hyping saving money for a state that was lacking basic amenties. Saving money when there's bad road, the state water corporation is dead and buried, doctors on strike, lecturers on strike.

Even Soludo (abi was it Moghalu), the current Government mocked the savings. Liken it to a father saving money when his children are unkempt and nor going to school.

They hype giving of laptops to school children. They what should we say about Tinubu that donated N1 billion to LASU earlier this year?
Giving laptops to school children should be the work of LG chairmen and councilors.

Nigerians want to vote a known failure because they want change. How foolish can that be?

Obi is an empty barrel. 95% of his supporters are igbos who are scattered everywhere in Nigeria, releasing fake numbers in their rallies, all Obi supporters are not up to Tinubu supporters in North alone

Sounds like a village man.

Perfectbeing:
First, Obi didn't save any 75 billion. Obiano confirmed it.
He said Obi saved 25 billion and left an almost 25 billion debt.

2nd, if Obviously becomes President, he'll still borrow to build mega infrastructures. Maybe then you guys will start justifying the loans and you'd say, "did Buhari and Jonathan not also borrow?"
Same way you guys justified Soludo N100 billion loan

The way, the economy is now, you'd need loans to build infrastructures. Oil money and taxes will never be enough to pay salaries, run the economy and build infrastructures all at once. So you'd need to take loans for one.

Also, you can't compare the infrastructures Obi did in his state with what Tinubu did in Lagos. Lagos loans is justifiable. There are infrastructures on ground to justify it.

Anambra is an unproductive son of Nigeria, FG is wasting it's allocations monthly to it, with nothing to show for it, a state that can not earn money is a dead state. Earnings is the most important factor when looking at a state that works. Thanks for correcting their lies, obi left N25billion when Anambra youths are still unemployed, poor and running to Lagos and everywhere else for hustle and survival

I think Obi left that money so Obaino can help him embezzle it, to use for his election. It makes no sense to save money when you still need roads, development, jobs for your people etc.

Unhealthy.

MufasaLion:
Damn! I always avoid parrots in human form.

Well, he's your father and what he's doing is wrong. Since you've noticed this bad behavior, it's better you caution him. You should stop divulging important information about yourself to him.

When you travel home in December, express your grievances and observe him afterwards. A man that can't keep his mouth shut while drinking or after sex is very dangerous!

Is this Tunde ednut?

PDPdestroyer:
Don't lose sleep over Obi, he won't win a single state. Atiku is Tinubu's only challenger

I know brother, their lies is too much, we need to counter it, to educate the little ones.

author=lexylaw40 post=117208812] bro calm down.....if you invest 658billion into a business and the business is yeilding 267 annually is that not a fantastic business and you have decades to pay back. That's a beautiful investment ok[/quote]No mind the flaat head, they are dumb, these loans are long term and the infrastructure and systems created by these funds will last 50 years and more, if we make 1/3 of the loan in a year, it's an excellent investment. Anambra is not earning jack, that is what we call liability, collecting federal allocations with no IGR to show. These flaatiinos are dumb my guy no mind them