₦airaland Forum

zoedew:
Wrong Platform Gbadamosi has.

He shouldnt have to change platform. The fact that you think he should shows everything that is wrong with Nigerian politics...

The fact that you accept such a situation, shows that your thinking is part of the problem..

abbey621:
What's the population of the average city in Vietnam or Malaysia?

KL Malaysia 17,310 people per square mile

Lagos Nigeria 17,800 per square mile

Not much in it.. And Sao Paulo is bigger and more dense than Lagos..

Nigerians and excuses.. My people I weep for thee

BabaRamota1980:
Tell Gbadamosi cross over. Simple!

Why should he, the fact that he needs to cross over shows lagos politics is corrupt...

Yeye country.. Mtcheww

femtex007:
did u have all that in your own village?

My family left Naija and I live in London. Visiting Naija every year and crying when I realise how little things have improved..

nickxtra:
Lagos is a work in progress, atleast far ahead of all other cities (including FCT) in Nigeria. She will get there soon

Cities in Nigeria?? Thats not hard to do, the worst cities in countries like Vietnam or Lebanon are ahead of Nigerian cities even lagos..

We dont have one city in this country that compares to any of the greatest cities in the world..

Malaysians have Kuala Lumpur that can be compared to any major cities..

Sao Paolo in Brazil looks like New York in many parts..

The above are developing countries.. Stop making excuses Jare...

NOETHNICITY:
And I'm not even aware of ur gbadamosi

How can I vote for him when I don't even know him?

Then pay more attention to possible choices.. I cant help you if you willfully remain ignorant..

Mtcheww

guinea1:
U re big liar...what about BRT buses, Uber, Taxify even Cokada...there is enough govt pipe borne water in most of their lga...power is a general issue in Nigeria and if not for the fact that OBJ sabotage Tinubu then, he was planning to make Lagos provide it own light....so no hating bro, u re not criticizing constructively

You obviously havent travelled much.. From Sao Paulo to Addis Ababa in Eithiopia, they all have proper underground systems. Yet you want to compare them to buses...??

Pipe borne water is water of drinkable quality from a centralised source, not me digging my own bore hole..

Who cares about whether power is Nigeria wide issue.. Ambode and Fash largely did nothing to resolve the problem in Lagos. Why didnt they form a state owned power company and bid for the private power contract and fix the problem directly? They dont have the vision or ability thats why...

From old cities like London to newer ones like New York, Dubai, Singapore and Shanghai constant power is a given.. Yet here you sit making excuses...

Uber and Taxify are foreign companies, the money they make is instantly sent abroad.. By and large not one Naija brain cell was involved in their creation..

Nigerians love mediocrity and make excuses for it all the time..

nickxtra:
Lagosians are not in prison, my friend

No power, no clean pipe borne water, no modern sewers and no decent public transport...

I would say they are in prison...

I said it before and I will say it again, Nigerians are their own worst enemies..

How anyone could pick Sanwo-Olu over Gbadamosi finishes me...

Sanwo could barely string a sentence together in the TV debate and people still voted for him....

Lagos hasnt had a decent governor since Fashola, Gbadamosi was our chance..

Mtcheww Nigeria

Also in a lot of well run countries you cant just setup street stalls wherever you like..

Rightly or Wrongly this Chinese thai wanted to put an end to the beginning of this practice...

Why sell meatpies, why not setup a website or something tech related.. Nigerians/Africans and low hanging fruit...

faithfull18:
Na wa o. Nigerians and sufferhead. In our country,we aren't treated well, same thing happens outside. The same Chinese will come down here and they will be treated specially. We are truly special breeds.

Blame you countrymen for choosing bad leaders..

Out of choice between Buhari (useless) , Atiku ( thief ) and Sowore (real change) they chose Buhari..

Nigerians deserve their country..

franchasng:
The whole Southern Nigeria including the much criticized Southwest have shown great support for Atiku to show that Southern Nigerians are enlightened and not blinded by tribalism or religious fanatism, so if Northern Nigeria out of their religious fanatism belief that Muhammadu Buhari is a born again Muslim fighting for Islam and decides to vote Buhari in for a second term, then I have no pity for them henceforth when hunger, poverty, Boko Haram and reformed Boko Haram operating in Northwest as Armed Bandits takes over their land and destroy the little desert they call home


Of the truth, northern Nigeria is the problem holding Nigeria down since 1960, if only Southern Nigeria can unite and ask for secession to form united Regions of Southern Nigeria, believe me, it will become the next global economy center, but can Yorubas and Igbos let go of their useless pride and agree for once That I doubt

Thank you bros..

I have said the same thing in a number of posts..

I am half Yoruba and half Igbo. I know our two peoples can get along..

I dont give a damn what this fool says...

If Sowore doesn't win this time, he will win the next one..

Yes he will...

BluntBoy:
Sowore needs more experience. We shouldn't just vote because someone is young. We are talking about the office of president here. That is a big post. When your only political experience is SUG president, then you need to upgrade.

Haba SUG president, you are wicked

As for abusing me for being a British Nigerian, you should consider your current presido one as well given the amount of time he has spent in the UK

Pele for you in advance as most Nigerians seem set on Atiku..

BluntBoy:
Sowore should not be an option for now. He should garner more experience by contesting for LG chairman or a seat in the regional house of assembly.

Are you 50 years old?? Cmon my brother how can you support these old men??

So you would choose the lifeless one over a thief? They are both bad..

If you are young like me Sowore is the only choice..

Sowore is ready now, if he goes through the estabished channels he may be corrupted or blocked there.

Look what happened to Fashola and Donald Duke..

BluntBoy:
You this Athiefkulooter again. The other day you were pretending to be neutral but it is all very clear now that you are an Atiku supporter.

Chai.. Me Atiku never...

I am a Sowore man, real change jare..

Buhari and Atiku are one and the same..

Please dont tell me you are Buhari man..??

BluntBoy:
What makes Ngozi Okonjo Iweala a legend?

I am earnestly awaiting your answer(s).

Mtcheww and what have you achieved

Wow, for such a critical election to be moved is unacceptable..

Nigeria which way?

OyinO:
USA is also United states of Ajegunle. That you're in one screwed up racist end where you're treated like a second class citizen and always closely monitored like a repentant criminal doesn't make you better than someone in their country home. Many Naija people I know who are there are trapped, crying and dying in silence in the US but won't come back because of shame and vain pride. You sound like one of them. Efulefu

I live in the United Kingdom you idiot...

The United States is a completely different country..

I am doing fine in London. Obviously pointing out your jealousy pained you..

I am well aware of western racism. It is something you have never experienced and it hardens you and strengthens you.

But if it doesnt destroy you it makes you sharper. I had to work twice as hard as any oyinbo to get and keep my job. When I tell you I know economics it is not bragging because my position was hard won. Tribalism is nothing compared to racism, where a white man will kill you just for being black. Some blacks will even undermine you just to protect their position with whites..

I know of many Naija folk who brag they are Lawyers and Doctors in the west. But they are cleaners and security guards. I am not one of them...

But when I tell your stupid ass how the world really works and provide knowledge. Shut up and listen because I learnt this and succeeded with white and asian men looking over my shoulder hoping I would fail..

The fact that I am here on this forum is not borne of arrogance. It is because I care... I care about Nigeria and its people in general.. I bother to visit the country of my fore fathers out of respect.

I have learned what worked for countries that broke the mould and industrialised outside of Europe. Especially the Asian ones and taking on huge debts they couldnt pay back was rarely part of the development story.

In fact when the Asian crisis hit, nations like South Korean and Singapore learnt to be more cautious around debt. Even ignoring IMF and World Bank demands that they were given in return for loans. They did what was right for them, they were smart. Nigeria must be the same...

I dont think you even realise how little the other nations of the world think of us. When one of you own offers you advice you reject it because of your own jealously. Mtcheww

I look down on no one. You even abused Ajegunle.. Fool but for luck either you or I could have been born there. Ditto Makoko or any poor area, people in those areas are merely victims of Nigeria's failures.

I have sat with the roughest area boys and walked away unharmed. Why because they know deep down I care about them and Naija.. Even though I live in Ikoyi, they sense no arrogance. Only a deep love for our people..

What I despise is ignorance and debt driven growth will not get Nigeria to where it needs to go. Only production will with better economic management..

I am wasting my time on you and your bad belle..

Pele for your struggles..

Mtcheww, If some one comes to you with a new idea
and you think it sounds wrong.. Look around and see if what you are currently doing is working. Is Nigeria working? Is it? Then think again you clown..

BluntBoy:
Oh, never knew it was a battle of Likes. I thought we were having a conversation about national debt?

Talk about pettiness at its peak. British Nigerian my foot!!!

Agbero, I would give you one dirty slap when I get back to Naija..

I doubt you are even Nigerian? Some Ghanaian pretender.. Even worse you could be a Jubril from Sudan..

The fact you have no likes, shows that no one agrees with your stupidity

OyinO:
You have said nothing. You have only succeeded in telling us that you're living in the US. But we already know what folks like you pass through in that part of the globe. Your vain pride and ego still shows who you really are.

You need to take that chip off your shoulder...

Naija people and jealously sha..

So I point out Economics is my bread and butter, that means I am showing ego...

Mtcheww Mumu...

Sharrap...

BluntBoy:
Well, that saying applies to you, not me.

How many likes have you got for your posts vs me...

mumu

BluntBoy:
I decided to play your game.

You said Nigeria oughtn't be borrowing money if only she managed her resources very well.

So, I told you that if it were that straightforward, Japan wouldn't need to be borrowing as well since we all know Japan fares better on the corruption index than Nigeria.

Better to remain silent and be thought a fool than to speak and to remove all doubt Abraham Lincoln

OyinO:
The USA can use any means possible to relieve herself from such debts. But your own case is quite different. You'll be dreaming and begging for Debt Relief or Pardon in vain. So don't compare your useless country with USA. I already know that the USA is heavily indebted to China. That's a popular news that doesn't need research work or thesis. I can see you copied and pasted your Project Research work.

I don't know if you read my earlier posts. A lot of these folks don't know much about economics. It is all quite depressing really as it highlights why Nigeria looks the way it does.

An uneducated economically illiterate population can easily be fooled. Hence why you have people arguing that debt isn't problematic

The crazy thing is that the US has way more debt as a percentage of its GDP than Nigeria, but investors still regard the US as being more credit worthy than Nigeria. They still offer lower interest rates on loans to the US government than the Nigerian one and that alone tells you everything you need to know..

Every time I think of coming back to Nigeria, threads like this one remind me of why I am being naïve..

BluntBoy:
OK, let us expose your stupidity once and for all, Oga British Nigerian

Supposing we had combated corruption and become as industrialized as Japan, we wouldn't need to borrow, not so, Oga British Nigerian?

But how come Japan and China (with her zero tolerance for corruption) are still borrowing.

You don't understand why countries borrow, so just shut up instead of getting yourself into messier and much more needlessly complicated matters of misappropriation.

Supposing our revenue inflows are perfectly and transparently managed, we would be like Japan, at best. But Japan still borrows. So, what is your point?

You think we can avoid debts if we put our house in order but how can you explain Japan borrowing?

I have tried to be reasonable with you.

Your last post was all over the place..

You sir are the exact reason why Nigeria looks the way it does.

You havent addressed any of my points yet you think we are debating?

You state I dont understand why nations borrow, without giving your own explanation of why they do..??


You moan about moving goal posts and now you are talking about China and Japan

Japan and China are relatively resource poor, they dont earn billions from merely extracting primary resources as Nigeria does..

You are a par excellence example of the product of a failed system..

You arent educated, yet you weigh in on subjects that you dont have a good grasp of..

I wont bother responding anymore. You have exhausted my patience..

BluntBoy:
You are being very insincere. You goofed by wondering why Nigeria was in debt.

Why would anyone wonder why a country was in debt. Instead of trying to play smart with me, why not explain what made you to be surprised that Nigeria was ever in debt? You were thinking of national debt as something individual. That was why you were wondering why Nigeria was making so much and yet borrowing.

The truth is that you have no idea why countries borrow. Case closed.

No I am asking you these questions, in an effort to get you to understand why your thinking is wrong.

That sadly has proven beyond your ability..

I realise you are unfortunately not very bright, yet you think that you are..

You obviously dont know anything about credit rating agencies like Moodys, Fitch and Standard and Poors. Nor do you understand their function, that much is clear...

You also do not understand how a credit rating for a nation is derived. You do not understand a credit rating can apply to a person and a nation.

UK S&P rating AA
US S&P rating AA+
Nigeria S&P rating B

Source TradingEconomics.com

This means that Nigeria needs pay more in terms of interest rates to borrow. Another reason why we shouldnt borrow unless we have exhausted all other options.

Also a lower credit rating means that external bodies view Nigeria as less credit worthy than the UK or US (despite their large debts). Why? because investors are correct in knowing that the US and UK are less likely to default due to their stronger and more developed economies amongst other factors..

Finally you do understand that oil exports earn money be it indirectly via taxes and duty?

Or if Nigeria had a state owned oil producer like Malaysian Petronas it would make money directly from oil sales?

Nigeria makes billions from oil sales from per annum. That money does not fill national coffers due to economic mismanagement and corruption. The last estimate I saw in London revealed that 1 trillion USD of revenue had slipped through government hands since independence with little or nothing to show for it.

With 1 trillion USD in revenue from Oil alone, excluding other tax paying commercial industries you SHOULDNT NEED TO BORROW!!! NO IFS NO BUTS JUST NO..

Bros, I am actually British Nigerian and I work in investment banking in London. I do this for a living and I am respected in my field..

I am doing my best not to abuse you, as a people we can only move forward if we learn to work together..

But you are trying my patience.. You dont know how to discuss complex issues and yet proudly state case closed when you havent made a valid point..

BluntBoy:
Nawa for you o.

You ignorantly wrote that Nigeria was earning a lot and oughtn't be owing. This passed you off as someone who knew virtually nothing about national debts. I informed you that even the United States and the United Kingdom were owing as well.

Every other thing you have been writing since then means nothing to me since your first post already exposed your limited knowledge of national debt.

If you want to expand the argument, then you should explain why you made your first post that Nigeria shouldn't be owing because of her huge revenue inflow from oil.

I am done here..

I have already made points which you have ignored because you probably did not understand them...

You havent exposed anything..

I will ask you again why does Nigeria have a lower credit rating than US or UK?

Why is credit cheaper for the latter countries than Nigeria?

With significant export earnings from the sale of oil, why does Nigeria need to borrow at all?

Stating that the US or UK has significant debt is not an argument. Especially given that they are developed countries with diversified economies that still show strong overall economic growth. That growth plays into credit ratings and a lower cost of borrowing for these countries.

If you can address the above questions then we can continue. Otherwise I cannot continue to argue with someone who doesnt seem to grasp basic economic concepts..

Have a good day..

BluntBoy:
Here was your first reaction to the topic:



This was the post I reacted to by informing you that even the United States and the United Kingdom owed debts.

You immediately went on to start shifting the goalpost.

If you wanted to discuss economics, you shouldn't have started with that ignorant post.

National Debt is economics..

I noticed you have avoided my main points altogether..

Two posts and you have managed to say nothing...

Finally credit ratings and ability to pay your debt has nothing to do with it being written off..

You along with the other poster make me lose heart with Nigeria. You will argue until you cant draw anymore breath even when you are wrong and dont know enough about the subject matter...

Bros go back to school..

Olawalesmarter:
We are talking about another thing and you change the arguement to another thing, I also have the option to live in the west but i am not going to because i don't have any business there. USA is going to have a Hell of a time paying off their Debt more than Nigeria and that's fact and that's what we are talking about. It has even been predicted that USA is likely to enter Recession this year. Nigeria is not an Industrialize Country but the only difference is that we are not taking more than we can chew, where as an Industrilize country like USA is taking more than they can Chew, imagine having a debt greater than what they can produce in a whole year. You are talking about Credit Rating tell me who is in charge of the credit Rating? Africa is clearly not in charge of the Credit Rating and don't expect them to rate us more than them.

See the post I wrote to bluntboy

re supposedly changing the subject

What is your level of education? Because you do understand the macro economic profile of country including its productive industries plays a huge part in its credit rating and cost of borrowing?

Please tell me why does Nigeria have a worse credit rating than the US? Why is debt cheaper for the US?

Economic growth is a key factor is determining a nation’s credit rating, this is based on the performance of industry in that country. America has some world leading companies driving economic growth. This factor is very much part of the conversation on debt and credit ratings...