₦airaland Forum

Kukutenla:
Crap.
Awolowo's regime did not have poor education. The education compared favorably with British standards where basic education is free to this day. Even in the US, Canada and China free education exists only up to high school level. So your point 1 is utterly wrong.
Govt did not run business directly during Awolowo's time. What they had was marketing boards which are equivalent of commodity exchanges. The farms were privately owned by the farmers and they paid taxes and royalties on their produce.
Infrastructure CAN kick-start economic growth. That it has failed to in the era of Buhari is due to his poor management, lack of vision and capacity and corruption. I already gave you an example of FDR and the Marshall plan. Another one is that of the infrastructure renewal projects in countries like India, Brazil etc
Besides, while you're making a case for giving small business money directly to run, you conveniently forget that this same administration actually did that with anchor borrower's program and NIRSAL. How did that end if I may ask? Where are the burgeoning rice businesses the private guys who got the money started?

Even today as Egypt (that Obi went to study) is trying to kick start their economy it's infrastructures they're investing in on of which most of it is from loans. Egypt is currently in over $150bn debt and most of it is on infrastructures.

mrvitalis:
Lagos had a massive head start in infrastructure na

Ok why haven't Anambra passed Ogun State?

mrvitalis:
No give it to banks at 3% interest to give to people they think meet the needed criteria

Those money will go off the drain if there's no infrastructures and security.

mrvitalis:
Increasing tax base should be what we need to do but putting money into infrastructure now is a waste especially borrowed money

We need to break even first ... revenue should be more than debt servicing n recurrent expenditure before u think of infrastructure

Debt servicing n recurrent expenditure is over 3 times revenue n you want to borrow to build infrastructure instead of investing to increase revenue collection base

Let me ask you something. Why is Alex Otti borrowing of 400bn to invest in capital projects which is infrastructures?

mrvitalis:
and you think the best way to grow revenue is more Infrastructure?

Yes. Use Lagos as the best case scenario in Nigeria. No not Lagos, use Ogun State.
Ogun States invests more in infrastructures than Anambra and it makes the 3rd most IGR after Lagos and FCT

mrvitalis:
Let's say it's 2 million ...how many container does Nigeria receive per year ....so a struggling nation like Nigeria right now have absolutely no business building rail lined now

Rail line system now would cost nothing less than 15 billion dollars ...so if Nigeria is given to you right now you would borrow 15 billion dollars to build rail ?

So if $15bn is given to you now, you'll share the money to Nigerians as credits and when the manufacture their goods they'd transport it on the air?

mrvitalis:
I don't believe in HDI ...I believe in supporting native industries to grow to world class ... we grow by having thousands of dangote who would be so big they invest around the world n bring the profit back home

No developed nation today got there by HDI ...you grow by supporting local businesses with prospects ...imagine giving innosson access to 2 billion dollars at 5% interest ? Tell me he won't dominate Africa?

Won't airpeace best Ethiopian air if he has access to capital ?

Chicken republic has the potential to revolutionise Nigeria agro industries

This is how you grow FDI would always strangulate an economy

Yes, you give Innoson $2bn for his car production and then he produces enough cheaper cars and sell them to Nigerians. And Nigerians buys the cheap cars and will drive the cars on which roads?

mrvitalis:
Lmao I so much dislike FDI that I'm seeing it everywhere ...yes bro growth in HDI is the key

Main reason I supported Obi for president

Obi did well in HDI, Fashola did well in infrastructures. Today which of the states attracts the most investments?

mrvitalis:
Exactly my point dangote can export cement without needed government infrastructure then others ...I am a business man I know access to credit is far more important to me than any infrastructure

You mean Dangote is transporting his cement through the air and not through roads and bridges?

Obaaderemi2:
This is the only time I've ever seen you make a sensible post.

This is exactly the same thing I said on another thread but people "shouted" me down by saying government has no business in setting up businesses or having direct contribution to businesses. Government does not need to set up businesses but can give loans through commercial banks to credible businesses that the banks will vet and scrutinize.

What Nigerians need more than anything else now are jobs. A good way to create jobs is for the government to get involved through the banks to provide loans to business owners, commercial farmers, etc. Jobs would multiply and revenue would accrue to government in terms of taxes.

The revenues over time would provide the infrastructure. China did a similar thing and their economy is booming today with infrastructure springing up everywhere. Obasanjo took $16bn to provide electricity. Where is the electricity today 24 years later. Now, imagine if $16bn then had been invested through the banks into industries such as textile, clothing, leather goods, food processing, etc for 24 years. The multiplier effects would have lifted millions out of poverty today.

You're wrong.
Imagine Obj invested that $16bn in the AKK gas PMB started.
Nigeria would have been able to competing with Russia today on gas and we would have been making mad revenue.

mrvitalis:
90% of the money won't be paid back if government gives out the loan ...but that's not the case here ...banks are to be given the loan with key instructions ...your profit to reloan this money won't be more than 10%

You must loan to only this sectors

Loaning is bank business they know who and who needs the loans

Infrastructure are things u build with revenue not loan ....it makes no sense borrowing to build infrastructure

The marshal plan was loans to Europe by the USA. And the loans were spent on infrastructures

Read about the Marshal plan of the US on Europe after WW2.
Marshal plan was about money given by the US to fund infrastructures in Europe. And that was how Europe was able to stand back on her feet after being decimated by Germany.

mrvitalis:
Name one infrastructure that can pay for itself

Instead provide that more at get low interest to banks so they can loan it to busines cheaper

The infrastructures doesn't need to pay for itself directly. The Lagos Ibadan express road, 2NB, Oweto bridge etc doesn't need to pay for themselves to generate revenue for Nigeria.

Nigeria cannot attract investments where there's no infrastructures.
Who will invest his hard earned billion $$ investment when there's no road, bridges, seaport, airport and railways to transport whatever he's producing?

The States in Nigeria that invests the most in Infrastructures are the most developed States. They have the biggest GDP. They have the biggest revenue. So what are you saying?

Isobug:
Suffering has put a black clothing on you. Keep enjoying your president

K

Their president VS my President.

More

Read to the end

Caseless:
If we don't get it right with our elections, we can't make progress.

We got it right with Tinubu.

successmatters:
The road was relaid a few months later. There is no bad roads inside that section of the market now. He was an excellent governor.

Show us the current picture of that road if e sure for you

Law 9 of Robert Greene's book, 48 laws of power says, "Win through your actions, never through argument." The idea is to let your adversaries make mistakes without interference, allowing their errors to play out to your advantage. This strategy is about patience and strategic thinking rather than actively disrupting your opponent.

George Weah became Liberia’s President in 2018 and slashed his salary by 25%. 6 years later,

- inflation rose to 30%
- Unemployment tripped.
- Left 50% of Liberians in extreme poverty.
- recorded the lowest economic growth in 20 years
- Finally, Liberians learnt that slashing govt salaries is not important for National development and instead VOTED OUT that ideology in favor of a 78 year old experienced politician who hasn’t promised them Disneyland.

Once beaten, Twice Shy. Nigerians should learn from Liberia’s experience.

successmatters:
Peter Obi, he walk his talk, walking through bad road to see how the poor feels everyday, then he went ahead and built the road anew.

That's leadership.

Show us a picture of that same road if he sure for you.

Who did it better?

Fast forward to 2023, those of una wey criticise this idea don dey support am

KosiGee:
This is not an Obi or APGA thread. You can’t derail this.

This is about Nigeria and the direction that it’s headed.

Wike is a student of Nigeria politics and he has learnt well. Instead of shouting APGA, you should be more concerned with what’s going to happen soon. It’ll unravel in a few years. May you be alive to witness it.

The only thing happening soon is the renewed hope agenda. And it's already happening

To His Excellency, Bola Tinubu, a leader strong,
Whose path has been challenged, but emerged victorious along.
In the face of legal battles, you stood tall and true,
Until the appeal court and supreme court confirmed your due.

As the country faces challenges, doubts may arise,
But your past governance shines bright in our eyes.
For eight years, Lagos flourished under your rule,
Amongst the top governors, you were truly a jewel.

Accusations and scandals may come your way,
Yet none have found you guilty, day after day.
Your opponents seek to humiliate and shame,
But you rise above, undeterred, unashamed.

Now, as you step forward to govern once again,
With the benefits of doubt, we give you our amen.
The economy you inherited, burdened and grim,
You promised to restore, to make our nation brim.

Reducing the cost of governance, a noble quest,
And paying heed to criticisms, you'll do your best.
With good works, you can win hearts anew,
Uniting the opposition and the loyal few.

So, I wish you well, as you embark on this quest,
To make Nigeria great, to give it your best.
May your leadership shine with wisdom and might,
Guiding our nation towards a future so bright.

englishmart:
Wike overrates himself. A man who reneges on his word shouldn't be taken seriously. He spoke against Adam's Oshiomole's godfather status in Edo state; he also said he was never going to be a minister.
I stopped taking him serious since 2016.

"I will die in APGA."

In a land where politics treads its path,
A group emerged, the Obidients, with wrath.
Their voices loud, their convictions strong,
But their actions, alas, went awfully wrong.

The Labour party, once a force to reckon,
Now faced defeat, their hopes were second.
Intimidation, insults, cyberbullying at hand,
The Obidients struck with a bitter command.

With fervor and passion, they fought the fight,
But blinded by rage, they lost their sight.
Attacking dissenters, with venom they spat,
Their influencers urged them, stirring up combat.

Yet the election slipped from their grasp,
The people spoke, their choice in a gasp.
Blaming rigging, they cried in despair,
But failed to reflect, to truly be aware.

For victory is earned through humility's grace,
Not through division and a hostile embrace.
Inwardly one must look, to learn and grow,
Accepting defeat, with grace to bestow.

Oh, Obidients, heed this somber tale,
Let not your anger and bitterness prevail.
For unity and understanding pave the way,
To build a future brighter, come what may.

Learn from mistakes, let wisdom be your guide,
To heal the wounds and bridge the divide.
In the realm of politics, let respect be your creed,
And sow the seeds of unity, in word and in deed.

For true strength lies not in forceful might,
But in the ability to listen and unite.
So, Obidients, rise above the blame,
And strive to rebuild, in a different frame.

Let this defeat be a lesson profound,
To seek common ground, where harmony's found.
For in the end, it's not just victory we yearn,
But a nation united, where all voices can learn.

2special:
https://www.nairaland.com/7886957/nigeria-wins-uk-court-quashes

You nor understand sarcasm?

seunmsg:
Peter Obi had since deleted this draft from his notepad

I swear the kind of bashing Tinubu and APC would have gotten if Nigeria had lost the case would have been deafening. Atiku, Obi, Rufai and other haters of Nigeria would have been falling on each other in a struggle to see who can come up with the most asinine statement against the Tinubu government. Today, they are all quiet and pretending like nothing significant was achieved.

Nigeria shall continue to win over all her enemies.

You know them well.😂😂