₦airaland Forum

tctrills:
You seem to be a bit confused. We were discussing debt not Tinubu.
No one said infrastructure is unimportant but I was educating you on the dangers of excessive debt.
Your government has destroyed our economy and impoverished the nation with debt. We are now more uncompetitive.
I never said you shouldn't vote Tinubu. I believe you are an adult and you know what you want
I am only trying to educate you on the way the economy works.

You obviously have no idea on how the Nigerian economy works..

Nigeria is having more foreign and local investment now more than ever.

Nigeria would have developed at a snail speed (if at all) with only oil revenue..

Oil revenue plummeted almost when Buhari took over Government. Coupled with fuel subsidy, Nigeria revenue would never have been enough to develop the country. So Buhari had to take loans.

Any other investment Buhari wanted to do without investing on roads, bridges, rail roads etc would have been a waste of time. .

For example, before completing the Ajaokuta steel industry (let's even forget about the court cases that was on ground), a railway needed to be built to carry iron ore from the source to the steel company.. Without a constant supply of raw materials to the steel company, building it would have been a waste of time. Once the furnace is turned on, it can't be turned off for at least 20 years.. So completing the company without linking it to it's raw materials would be stupid.
Those links I'm talking about is the railways which needed loans to be built..

Buhari wanted to link all seaports by rail.
He wanted to link the LAKIJA corridor (you should read about it) to Lagos seaport that was why he built the Lagos to Kanu to Maradi railway (which generated a lot of controversies). That rail way needed loans to be built.

Trying to diversify to other source of revenues was a long term plan which was too expensive for Nigeria, hence Nigeria needed to take loans.

Nigeria needed to buy fighter jets and other weapons to fight insecurity.. We needed loans to get those things.

So who cares, if we spend N92 out of every N100 we make to service debts? In time, those projects built by the loans would start paying for themselves..
Thank God the Chinese loans have a long repayment term of 15 to 20 years. So we have enough time to pay back the loans.


Like I always tell people, in the next 15-20 years, Buhari will be regarded as one of the best President of Nigeria. Because it is around then that Nigeria will see the good effect of what he's doing now.

tctrills:
I just remembered one more thing.
Greece, Spain, and Italy what do they have in common? They are super beautiful places. They are among the top 12 visited countries yet they mess up their economies due to excessive debt.
Investors are not rushing to these countries. So the idea that you need to go broke from borrowing just to make your country beautiful for investors is naive and childish.
Investors care about only 2 things, security and profit and Nigeria has neither of these. We are rated 131 in the ease of doing business and one of the least safe nations on earth.

Lagos is among the top investment place in Africa. Tinubu would make the whole Nigeria like that.

Like it or not, there's a correlation between foreign investments and good infrastructures.

Cyntie55:
I'm OBidient and I don't drink beer or any alcohol. All we want is a better Nigeria.

I only pity the people who take this man serious. Reno is irrelevant trying to stay relevant!

Nigerians Please let us give Peter Obi this golden opportunity to rule us.

Baba Mikano and Bobo Chicago El chapo will make Nigeria situation worse rather than better if elected.

If you owe a billion dollar company, would you employ a manager whose $20 million investment in the previous company he managed is now less than $5 million or a man how was able to grow his previous company revenue from N600 million to N7 billion?

Remember you inv3eter your hard earned billions in that company.

Trash..

Compare Anambra with other States with similar IGR and federal allocation..
Was Anambra State better than those States in that time period?

TemmyT002:
We shouldn't be asking this question.
The senators and representatives enjoy a lot of frivolous money and they have never been owed for a day.
Meanwhile, their usefulness is nothing. They are not really needed.
Priority should be on the lecturers who are ten times more useful.

The monkeys danced and rejoiced when they heard the man that always pursue them from the farm was dead.
But the following year, there wasn't any fruit.. It was then they realized the man was a farmer.

abobote:
Yes they deserve their salary.
The strike caused by the Federal government inability to keep to the agreement. Its not the fault of the lecturers

What agreement? The one late Yar Adua made with them?

If you read that agreement, you'd know that Yar Adua is the biggest scammer in Nigeria and that our lecturers aren't as smart as we think they are for actually believing any Government can fulfill that agreement.

caracas:
How do you know it was obidients hat criticized him?

Even a blind man knows an Obidient.

CSTRR:
He doesn't need to win those states.

OK o.

Vote4Obi:
Peter Obi winning Kaduna and Lagos would be the biggest shocks of 2023 elections.

God bless Peter Obi, GCFR!!!

Grandeur of delusions.

Won't he still win Borno and Sokoto too?

tctrills:
First, you make many errors.
Present-day Egypt is not the same as in the bible days. Only the name and geography are retained. The indigenes of ancient Egypt were not Arabs.

Secondly, how much Egypt is owing is not important in this discussion. We could check how much the US is owing or how much Japan is owing but that would not help the Nigerian case.

Now, this is what is important:
Nigeria's debt service-to-revenue ratio was up to 92 percent this year from 76 percent in 2021.
Let me explain what this means to you. It means that whenever Nigeria makes N100 we use N92 to service our debts then we spend the remaining N8. This is why we keep borrowing more and more to remain afloat.

In 2023 we would be spending more than 100% to service debt. Do you now understand why it is foolish to be looking at other countries as models for indebtedness?

Nigeria has to borrow to make the country beautiful enough for foreign investors to invest in the country.
Any disadvantage of borrowing is just a small price to pay for the Nigeria we all want.

unclejb2:
Basic education should be free to all. However, advanced education is not cheap anywhere in the world. In the US, a university degree costs more than $20k for tuition alone. You can do the maths.

The reason our educational system is poor is because it's not properly funded both by the government and the students. Cheap things are usually not good quality

You think I don't know that?
But the problem with you Obidients is that you justify whatever Obi says and criticize another person for saying the same thing.

In August, David Umahi said not everyone need to go to the university for the reason who just said and you Obidients descended on him, calling him names. You said he doesn't care about the poor massages.
You criticised Festus for saying the same thing but not you justify Peter Obi.

You guys clearly don't know what you want.

Kasssandra:
And that means it won't run cheap. Private firms have to make a profit...it is how they pay for things to run.

I know. That's why private organization doesn't fail.. In the bid to make profit, they have to run their business very well.

unclejb2:
Rivers people including Wike himself and his 100,000 political appointees are all voting for Peter Obi.


Nigeria deserves an honest and credible leader come 2023.

Peter Obi is the man for the job

I'm a Student. I don't need a President who believes education is not for the poor.

Though I'm not poor, but I feel for poor Nigerians.

tctrills:
While I agree with you that a power dam is not the best tourist attraction, I disagree with you on solving problems. We solve problems with our heads. The world works because of thinking men.

I meant your head. The world does not work the way it works in YOUR head.

tctrills:
We build infrastructure with debt that can be repaid without causing pain to even generation unborn.
Next year, our debt repayment would exceed our income. This shows that you have very evil leaders

Why don't you check the debt that Egypt is owing? The same Egypt that Peter Obi wants Nigeria to be like.

Egypt has been in existence since bible times yet they still can't run their economy without debt.

Check the debt profile of all the advanced countries.
If all their citizens were afraid of debts, they won't be as advanced as they are now.

Kasssandra:
I hope they charge the fare that can keep it well maintained.

Let them not come and charge N50 per trip. It won't make a profit to keep itself that way.

I'm pretty sure it would be given to a private firm to manage. And we all know Private firm manages business better than the Government.

DMerciful:
Propaganda will not work for APC this time around, Nigerians are wiser now. APC would cease to exist next year!

ok

Iamzik:
At what cost? Your grandchildren will meet the debt because 2023 budget and beyond will be funded with debt

So we shouldn't construct any infrastructure because we are afraid of debt?
That means someone like Dangote won't dare to build a refinery because of debt.

DMerciful:
All these meaningless propaganda projects that has zero impact on the standard of living of Nigerians won't save APC!

They keep talking about dams they built yet the country is covered with flood.

All of a sudden we start seeing completion of dams that nobody knows when they were started. Lies!

Slowpoke. Why don't you use less than 5MB to do research on the dam..
Most of you Obidients think Nigeria started in May 25th

Weirdcamila:
Nice . Why not make it a tourist attraction to earn more revenue. Nigeria needs creative thinkers and all the world will troop in to explore Nigeria .
That time we can start banning some countries

Its high time you guys stop solving every problem with your head. The world does not work the way it works in your head

BafanaBafana:
Besides states in the north that are fanatical Muslims like zamfara. Tinubu is not sure of sweeping any state.
He is relying on politicians to deliver their constituencies by hook or crook. He knows the people are not with him

OK o.. Time will tell

Nigeria currently owe China less than $5 billion.
$5 billion is not too big enough to make us pee on our pants anytime we hear Chinese loans.

BafanaBafana:
Let me explain something to you. It is the people that will vote. Not structure, not politicians, not only the 30 people Tinubu helped attain political success.

The APC governorship candidate in Benue lost a lot of supporters because he sang a song praising Tinubu. The message is clear

You still don't understand do you?
Tinubu knows the States he will sweep and the State he will lose.
All he need do is raise his vote in the State he'd lose to 25%.
Tinubu knows he would never win SE and SS. He also knows he would sweep the SW and get more than 40% of the NW and NE.

So this young, fit, 33 years old boy died before Tinubu?
C'est la vie

Vulturereloaded:
I am voting Peter Obi's character not manifesto.

After all APC never told us in their manifrsto that rice will sell for N40,000, bread for N900, Dollar N750, Flight N80,000.

Even the manifesto APC is parading today was Abiola's manifrsto, without reference to him.

If they stole Abiola's manifesto, how can dey deliver a manifesto that does not belong to them?

The only reason Peter Obi isn't releasing any manifesto is because he doesn't want to be held accountable to anything. ...

If security fails, he can confidently look you in the eyes and tell you he didn't promise good security in his manifesto.

Same with inflation, economy, infrastructures etc.

If the current Anambra is someone's 20 year plan then Anambra won't even be up to Lagos of 1999 in the next 20 years.

LZAA:
Let's also forget how South Africa,Botswana and Kenya have 24 hour power abi
You clowns are str8 up hilarious
Smh

K

I am a Christian and Tinubu Shettima has my vote.

Reflect7:
This thing you've explained is something that 98% of Nigerians do not understand.

That is why they keep blaming every Government that comes.
But when you understand things, you'd criticize less and applaud more often..

COMPAQ:
Agreed that development games time, but it takes unbearable time in Nigeria.

China built a bridge 3 times 3rd mainland bridge in like 4 years.

Things are different in China than Nigeria.
It's hard and long to explain all these things.

I'm not trying to justify some of the stupid things out Government do. But the truth of the matter is you'll never understand until you get there.

Sleekcode:
Hahaha


Come to the east this December and see my brothers spraying the monies we got from your land.



We spray it among ourselves and dance with our family members.



We even use money gun to spray the money




Then January we'll go back to your land



Allow you guys to go to your farms and Job places



Then you sell your crops and collect your salaries




Then you walk majestically to our shops we have positioned in every part of your land




Then you hand over your salaries and crop harvest money to us




While we give u any type of item we've imported from China




This is exactly how it works each day 24/7

Imagine a Nigerian that makes money in America, come home once in a while mocking America.
Stupid right??

That's how you look.

Michelle70:
I said it, Tinubu no fit inherit Buhari crowd for Kano.
Infact there is no politician alive that could match Buhari's fellowership, i am happy to be alive and experience 2019

Buhari crowd no go even allow convoy to pass

Imagine Buhari now actively campaign for Tinubu.. Asking his followers to vote for him...

I have the believe That Tinubu will get more than 40% of Northern votes.

Add that to 70% of SW and 25% of SS/SE.

He go win.