₦airaland Forum

IS OWNING A CAR A LIABILITY?

Don't confuse LIABILITY with NECESSITY. They are two different concepts.

Liability is a financial concept commonly contrasted with an asset, while necessity relates to what is essential or important in meeting our needs.

Something can be financially burdensome and still be necessary.

A house purchased with a mortgage, for instance, can be an asset while the outstanding mortgage is a liability. Yet, the house may be essential to the family.

The same principle applies to transportation.

Strictly speaking, a car you own is an asset, while the loan used to finance its purchase is a liability. However, the car comes with recurring expenses such as fuel, maintenance, insurance and depreciation.

These costs can make car ownership a financial burden, even when the car is fully paid for.

But does that make owning a car unnecessary? Absolutely not!

In Nigeria, where reliable and well-coordinated public transportation is not readily available everywhere, owning a car can be a practical necessity.

It can provide access to work, business opportunities, healthcare and other essential activities.

Of course, not everyone needs to own a car. The decision depends on one's circumstances, financial capacity and transportation needs.

MY POINT IS SIMPLE:

Something can be an asset and a necessity. Something can also create financial obligations and still be necessary.

The real question should not simply be, "Is a car a liability?"

It should be:

"Considering my circumstances, does owning a car provide enough practical and economic value to justify its total cost?"

That, to me, is a more meaningful question.

Rapmoney:
I am Rapmoney aka WarriParrot

I dont even pity them or their family...

Awon Ole..

Glimpsetv:

https://www.youtube.com/watch?v=Hso8OK8EAHQ?si=lSL7h60b85MaAFx3

120%... So where is the 20% on topp 100% coming from.... Opay, Moniepoint and palmpay loans?

dre11:
https://dailytrust.com/nigerians-now-spend-120-of-income-on-food-oyedele/

O faaaaaaaaaaarrrr gaaaannnn ni.


You read some comments on NL and you are almost feeling you are in a wrong forum

Wealthyonos:
Be like say understanding far from you oo

Another volunteer candidate for DSS INVITATION AND DRILLING...

naptu2:
Onyeka Nwelue @onyekanwelue



Source

On what ground or as what is he doing that?

They have use this one to clinb cockroach horse

givedemwotowoto:
Presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, met with British government officials and Nigerian diaspora stakeholders in London to discuss rebuilding Nigeria, tackling corruption and poor leadership, and creating a country that provides opportunities for all citizens.



Source

Who are the "WE ALL KNOW"?

Me i dont know what he was saying sha....

danijesus:
Mischievous headline,we all know what he meant by what he was saying.apc attack dog trying everything within Thier power to change the narrative

Confession of "Sex for role"... You didnt date them, you blackmailed them.

Shameless man.

realDONmikel:
https://www.lagoslately.com/madam-saje-knew-about-some-women-i-dated-but-never-told-my-wife-yinka-quadri/

“Madame Saje and I started together, she knows all my secrets about all the women I’m dating in the Nollywood industry but she never for once told my wife about them

It is not how long but how well, Lateef Adedimeji gets paid more than me today”

- Yinka Quadri pic.twitter.com/rHIKDASfyv

— Oyindamola🙄 (@dammiedammie35) October 10, 2026

Not an excuse... Why is every hungry persons not stealing? Shey you are not hungry too ni? Why are you not stealing?

suckprick:
Too much hunger in the land. I blame Tinubu.

Acting.... Acting....Acting....Acting.

She can easily start her acting profession now!

Rebuker:

https://www.youtube.com/watch?v=SootlvWMMUc?si=QwlsX0OUGsbmKwvE

What happend to the Males? Ta la ṣẹ?

ManirBK:
https://dailytrust.com/kwara-to-buy-dangote-refinery-shares-for-female-teachers/

I thot they said they were illegal miners?

eddie7:
Miners’ Death: FG Announces ₦250m Support For Families Of Victims





https://www.channelstv.com/2026/10/05/miners-death-fg-announces-%E2%82%A6250m-support-for-families-of-37-victims/

So what are we to do with the prophesy?

He should put the time... Is it thia month, this year, before election, after election?

Prophet Selimonuuu

Glimpsetv:

https://www.youtube.com/watch?v=-yoJQBUpb-g?si=pygHG6KveDTnSXCA

Childish behaviour... A speech you will still go and listen to for you to analyse and use to reply your own.

Titopeblog:
https://www.titopeblog.com/2026/09/full-list-77-countries-that-left-un.html?m=1

🚨🇮🇱 WATCH: A member of the Israeli delegation walking around the UN hall to check which countries had left during Benjamin Netanyahu’s speech pic.twitter.com/MeYXEe6TLc

— Politics Global (@PolitlcsGlobal) September 25, 2026

So it will appear under ASSET when you are preparing your book of accounts?


O gaaaaa o. These are politiciansare full of WONDERS

omenka:
https://www.instagram.com/p/Ddr2csYjCIW/?stkn=d29rZWw4cGExaG1n

Wait o.... Na who get the road? No be FG?

So na who go bring the issues raised under control?

Na me?

This FG na Yeyenatuuu

Merlissa:
https://dailypost.ng/2026/09/21/nigerian-govt-threatens-to-shut-lagos-calabar-coastal-highway-gives-reason/

Las, las, he himself may not vote for the Peter Obi he is canvassing for o, talkless of his families and pastors.

Abi you go show us your ballot paper after thimb printing?

[quote author=Penguin2 post=140695446]Pastor Johnson Suleiman has gone all out to declare that both him, his family and his pastors are voting for Peter Obi in 2027.

No sitting on the fence… Me, My family, my pastors, those who loves me are voting for Peter Obi. He is the only politician who has not joined hands in destroying the country..

— Pastor Suleman pic.twitter.com/HSrWgMTfr3

— BLESSED 🥷 (@Dee_9889) September 20, 2026

]

Upon all the shouts, majority will not vote for him ooooo... hehehehe



[quote author=Penguin2 post=140695021]The entire church erupted when Pastor Jerry Eze announced the presence of Mr Peter Obi in Church today.

Recall that apart from those physically present, Pastor Jerry Eze’s services always attracts hundreds of thousands of believers who join live from all around the world.

Video📹;
THE BEAUTIFUL MOMENT PASTOR JERRY EZE ANNOUNCED THE PRESENCE OF HIS EXCELLENCY PETER GREGORY OBI AT STREAMS OF JOY INTERNATIONAL TODAY… 😭🔥

THE ENTIRE CHURCH ERUPTED IN SCREAMS AND CHEERS NONSTOP🇳🇬! pic.twitter.com/g1pX4ClKwY

— PRECIOUS ORUCHE 📌 (@MamaPee__) September 20, 2026

]

Which one is "Unalived"?

You should have said "UNDOLIVE"

jesusjnr2020:
What If I Am Unalived While Preaching The Gospel Of Jesus?

Kini big deal?

If I perish, I perish!

Moreover that would actually be my dream ending to life on this temporal world.

Transiting from the worst possible scenario in this world to the best possible in the world to come.

Once my God-given assignment in this world is completed, that's the way I dream, hope and pray to transit unto glory.

I don't want to be left out of the huge privilege and honor enjoyed by the prophets and apostles who were martyred for their unshakable faith in Christ.

Therefore if it be the Will of God for my life, then so be it. In Jesus name!

God bless.

You no see fellow man send 15k, na girl wey no send you.
Na man dey do man. Until we men realise that, there are so many financial pressure on men than women, thats when "Men will start supporting Men.

Now you don learn... one less girl to send money to be dat, abi you still send money to her?

You dare not... Nigba ti won ma a shey ẹ

Plentydreams:
This girl I barely resumed talking to her and I decided to gift her 15k in naira for her breakfast and she sent me,"good morning thanks" should I be concerned, because the proper culture of an African is supposed to be with proper gratitude,note that I am not asking her out,we have known for a while but I only felt like gifting her.


PS; this is only for the Yoruba's culture

Eeehnn... Kini ka waa shey?

Beat him for you?

imsoftcash:
My father passed away and willed all his property to his grandchildren, noting to us, his children

Exactly what cane to my mind... When the Power of Social Media is there. First send it to him anonymously with a small love note. Meanwhile, be discrete while recording it and if possible get a spy camera.

Wickedfacts:
Video him while insulting staff and send it to FIJ (Foundation for Investigative Journalism) and Sahara reporters.
They will post it, I guarantee you.

He will beg you with hot tears in his eyes.

Thats a lie... You just pay for the year or renewal.

WaleGent:
Yes for Vehicle Licence: you will pay all outstanding years, but not at all for other papers

Were the passengers forced in at gunpoint? They entered the vehicle(death trap) with their eyes wide opened.

Apparently, that could not have been the only vehicle plying the route(that's the only reason I could have entered such and even at that, na me and the driver go dey drive am as Monitoring and Evaluation concern- No careless moves).

Glimpsetv:

https://www.youtube.com/watch?v=fXalNO9QUdE?si=42uhY1VtksEnBlXT

Even downstairs and middle floor... E no normal at all at all... hehehehehehe

MemoriesAndMe:
How is this realistic? Is this man normal upstairs?

Pure nonsense... What is he looking for at another party's presidential campaign office opening when you are also a presidential campaing of another party? To pouch or what. This man is confused o

Thay should be an anti party activity already... haba.

Penguin2:

https://www.youtube.com/watch?v=4_I7gi18NCU
What pattern of politics is Obi playing in this current election cycle?

The other day he was at Amaechi’s house to attend the mother’s funeral.

Today he’s at Seyi Makinde’s official presidential campaign flag off in Abuja as everyone around hailed him.

What is Obi cooking?

Saint Obi reeee o...

The faultless man.

Kuginzi:
https://www.thecable.ng/say-what-i-have-done-wrong-obi-challenges-nigerians-to-scrutinise-him-kwankwaso/

Report to the police, efcc, icpc, civil defense, frsc, etc... so that DPO will not ko jẹẹ

Barrywhite8620:
Do not touch the gun or money. The gun could be loaded, and the money could be connected to a crime.

The safest money is the money you don't pick up when you don't know where it came from.

Appointed by TRUMP the Liar... What is Trump's approval rating in the US right now?

President
Approx. comparable period
Approval
Donald Trump — 2nd term (2026)
July 2026
34%
Joe Biden (2022)
July 2022
37%
Donald Trump — 1st term (2018)
Aug. 2018
40%
Barack Obama (2010)
Aug. 2010
47%
Bill Clinton (1994)
July 1994
45%
Ronald Reagan (1982)
July 1982
42%

Dailybellz:
Karl Von Batten’s appointment shows Trump has soft spot for Atiku — Yoruba leader Malaolu



https://dailypost.ng/2026/09/03/karl-von-battens-appointment-shows-trump-has-soft-spot-for-atiku-yoruba-leader-malaolu/#mtlp7qs77gvuzrpurj5

Wetin be this again? The governor wanstart Motuary business ni?

Biodun556:

https://www.youtube.com/watch?v=50h9qYcq8ic?si=gd6tr3MPZWVY-alX



https://punchng.com/akwa-ibom-criminalises-use-of-ambulances-to-convey-corpses/

Eeeehn whats your concern?

Constitute your own and mind your own business.

Omooba77:
https://www.vanguardngr.com/2026/08/tinubus-campaign-council-is-corruptions-rehabilitation-centre-adc/

This one will come and say sorryy afain now... I was quoted out of context..
Na which power you grt to ban your fellow citizen from a part of a country?
Na wetin you don contributeto the country... Apostle of Ban

DatoDatuk:
“You have been banned from coming to perform in Edo state. If we catch you, we will tell boys to remove your teeth with slaps. I don’t blame you, I blame Isreal DMW” - Apostle Kassy Chukwu, Governor Okpebholo’s SSA on Digital Media publicly thre@tens Davido


https://www.youtube.com/watch?v=5QSwrIVu8sI