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Peter Obi: Can You Grow An Economy By Saving Money? - Politics (2) - Nairaland

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Re: Peter Obi: Can You Grow An Economy By Saving Money? by gidgiddy: 3:36pm On Jun 15, 2022
thebosstrevor1:
Peter obi flies economy, peter obi has no escort, peter obi carries his bag by him, this is why you should vote for Peter obi.

Peter Obi will save Nigeria from wastage because he will carry his bag by himself, his ministers will carry their own bags, he will fly economy, his ministers will fly economy, he won't have orderly, so his ministers won't have ordelies, therefore he will cut the cost of running government and save money for Nigeria.

Anybody selling this mantra, is wasting his time, Nigeria at this moment does not need someone that can save,Nigeria needs someone that can spend and increase consumption and production to make the economy works.

Pls, stop selling peter obi as a penny wise and pound folish candidate , it won't work for majority of Nigerians.

Stop selling peter obi as a man who is inefficient and wants to do everything cheap because he wants to cut cost, this literally will create lot of sub-Standard infrastructures and unfinished projects.

Nigerian need someone who can make things work not someone who will spend all his presidential power on saving money.

Well considering that your current President is borrowing like crazy and drowning the country in debt, a saver might not be a bad option

1 Like

Re: Peter Obi: Can You Grow An Economy By Saving Money? by Dangrace01: 3:38pm On Jun 15, 2022
thebosstrevor1:


If you produce thousands of pencil without nobody to consume( buy) them, how then are you going to be in market.

Production and consumption is what move an economy.

grin grin grin grin

I have replied you that PETER OBI is for production now you are talking about consumption.

Let Nigeria start producing first.

You as a person if you produce your own food do you know how much cost you would have saved.

From your food surplus you can also sell.

Bro Let PETER OBI win first
Re: Peter Obi: Can You Grow An Economy By Saving Money? by Dangrace01: 3:46pm On Jun 15, 2022
helinues:


Explain to us so that we can learn cos government na buy and sell sector

I wont

But let me give you a glimpse

Divide 50 naira into 2

Use 25 to run the state

Invest the remaining 25 in 4 years.

Options yakpa bro.


I can even keep the 50 naira and generate money from taxation through waste management; land use; motor parks


The problem with Nigeria is that our leaders are lazy and dumb.


As a government there is money everywhere even inside mortuary and gutter. Every Nigerian is potential money if you know what you are doing
Re: Peter Obi: Can You Grow An Economy By Saving Money? by Nobody: 4:00pm On Jun 15, 2022
gidgiddy:


Well considering that your current President is borrowing like crazy and drowning the country in debt, a saver might not be a bad option

You need to borrow to build. It is the norm all over the world.

Saving will just make the suffering more.

You can't save when you don't have excess.

The only way to build excess savings is to fire up the economy
Re: Peter Obi: Can You Grow An Economy By Saving Money? by Nobody: 4:04pm On Jun 15, 2022
MajohBankz:
No, let's try looting it, go to China borrow money then loot it again. Go to imf take loan and loot it again. Then start paying Ransome to the kidnapping industry.

That's how to grow an economy

All the chinese loans buhari built are all into infrastructures, it is obvious that Nigeria does not have enough revenue to run its economy because there is no production.
Re: Peter Obi: Can You Grow An Economy By Saving Money? by Kingspin(m): 4:21pm On Jun 15, 2022
thebosstrevor1:


Save for what.

People are suffering and you are thinking about saving.

Instead of firing the economy
The waste for the past 25 years, how far?
Re: Peter Obi: Can You Grow An Economy By Saving Money? by Kingspin(m): 4:23pm On Jun 15, 2022
thebosstrevor1:


All the chinese loans buhari built are all into infrastructures, it is obvious that Nigeria does not have enough revenue to run its economy because there is no production.

If you built an infrastructure, use the same infrastructure to repay your loans.
Re: Peter Obi: Can You Grow An Economy By Saving Money? by PaChukwudi44(m): 4:35pm On Jun 15, 2022
helinues:


Anambra state budget then was around N50bn.

Tell us how Obi was able to save N75bn cash for his successor
Stop peddling lies
Re: Peter Obi: Can You Grow An Economy By Saving Money? by MajohBankz: 4:45pm On Jun 15, 2022
thebosstrevor1:


All the chinese loans buhari built are all into infrastructures, it is obvious that Nigeria does not have enough revenue to run its economy because there is no production.



Hahahahaha, so what infrastructures please? It's your turn to educate me.

The only infrastructure going on right now is servicing Ransome in the terrorism and banditry industry.

The train which is the party's white elephant project has been attacked twice

Power grid collapsed 5 times already this year

ASUU on strike

Inflation everywhere

Where's the money for the refineries they campaigned with?
Re: Peter Obi: Can You Grow An Economy By Saving Money? by Nobody: 4:49pm On Jun 15, 2022
thebosstrevor1:
Peter obi flies economy, peter obi has no escort, peter obi carries his bag by him, this is why you should vote for Peter obi.

Peter Obi will save Nigeria from wastage because he will carry his bag by himself, his ministers will carry their own bags, he will fly economy, his ministers will fly economy, he won't have orderly, so his ministers won't have ordelies, therefore he will cut the cost of running government and save money for Nigeria.

Anybody selling this mantra, is wasting his time, Nigeria at this moment does not need someone that can save,Nigeria needs someone that can spend and increase consumption and production to make the economy works.

Pls, stop selling peter obi as a penny wise and pound folish candidate , it won't work for majority of Nigerians.

Stop selling peter obi as a man who is inefficient and wants to do everything cheap because he wants to cut cost, this literally will create lot of sub-Standard infrastructures and unfinished projects.

Nigerian need someone who can make things work not someone who will spend all his presidential power on saving money.

Peter Obi biggest selling point is not being APC or PDP.
Tinubu gave us APC and Buhari and the country has since gone to the dogs.
He can't be trusted again. Atiku has nothing to offer Nigerians as well.
PO is not a saint but he is not APC or PDP money politicians.
Re: Peter Obi: Can You Grow An Economy By Saving Money? by Perfectbeing(m): 5:09pm On Jun 15, 2022
gidgiddy:


Well considering that your current President is borrowing like crazy and drowning the country in debt, a saver might not be a bad option
Amd he if keeps saving and oil is less than 40% per barrel, where will the money to turn the country to a production country come from?
Remember, no matter how much he tries to save, there will still be things that he must spend for.
He will have to pay subsidy (since you all want cheap fuel). He must pay salary. He will definitely have to allow the senators to pad the budget else they won't sign it. Same thing happened to Buhari. He must pay salary. He must spend money on securing the nation. He must do this and that. After doing all these what else is remaining to save?
Buhari thought Governing in a democracy was easy? He thought removal of fuel subsidy was a bad idea.. Now e eye done clear.

Any politician that promises to end subsidy is who I will follow no matter who it is. Whether it is Atiku or Tinubu
It is when you enter sit that you'll know that Nigeria is broke.. Forget all this money you're hearing politicians are looting. When you'll get there you'll see that even if they don't loot one kobo, the difference will still not be that much...

Buhari could swear to Allah that Nigeria was the richest country when he wasn't in office. But when he got there shey he was the one that said Nigeria is broke?
When Fashola was not there he boasted that 6 months was enough to end light problem in Nigeria. But see where we are now.

No matter who the next President is in Nigeria, if oil price doesn't get to at least $120 per barrel, he will seem clueless for about 2-3 years before any of his policies start to work. And 2 years is enough for us impatient Nigerians to write any President off as clueless and useless..

So the only candidate I'll support is the one that not only tells us what he'll do but how he'll accomplish it. It's not about telling us you'll give us constant power, but how will he get the money to do it.
And and candidate that say it with his full chest that he won't borrow is a no no for me.. Cos he has already lied.
Re: Peter Obi: Can You Grow An Economy By Saving Money? by Perfectbeing(m): 5:12pm On Jun 15, 2022
thebosstrevor1:


All the chinese loans buhari built are all into infrastructures, it is obvious that Nigeria does not have enough revenue to run its economy because there is no production.

That is what some people don't understand.. They think Nigeria has the money to build infrastructures and run the economy without borrowing. They don't know.
Re: Peter Obi: Can You Grow An Economy By Saving Money? by dejol88: 5:12pm On Jun 15, 2022
thebosstrevor1:
Peter obi flies economy, peter obi has no escort, peter obi carries his bag by him, this is why you should vote for Peter obi.

Peter Obi will save Nigeria from wastage because he will carry his bag by himself, his ministers will carry their own bags, he will fly economy, his ministers will fly economy, he won't have orderly, so his ministers won't have ordelies, therefore he will cut the cost of running government and save money for Nigeria.

Anybody selling this mantra, is wasting his time, Nigeria at this moment does not need someone that can save,Nigeria needs someone that can spend and increase consumption and production to make the economy works.

Pls, stop selling peter obi as a penny wise and pound folish candidate , it won't work for majority of Nigerians.

Stop selling peter obi as a man who is inefficient and wants to do everything cheap because he wants to cut cost, this literally will create lot of sub-Standard infrastructures and unfinished projects.

Nigerian need someone who can make things work not someone who will spend all his presidential power on saving money.
Nobody becomes rich through wastage. I hope I made sense!
Re: Peter Obi: Can You Grow An Economy By Saving Money? by dejol88: 5:14pm On Jun 15, 2022
Perfectbeing:
That is what some people don't understand.. They think Nigeria has the money to build infrastructures and run the economy without borrowing. They don't know.
The very reason you don’t want to continue voting people who can’t grow wealth. You need to increase your income before thinking of building a house.
Re: Peter Obi: Can You Grow An Economy By Saving Money? by Perfectbeing(m): 5:19pm On Jun 15, 2022
dejol88:

The very reason you don’t want to continue voting people who can’t grow wealth. You need to increase your income before thinking of building a house.
Either that or borrowing from a bank.
Re: Peter Obi: Can You Grow An Economy By Saving Money? by walefresh3(m): 5:27pm On Jun 15, 2022
thebosstrevor1:
Peter obi flies economy, peter obi has no escort, peter obi carries his bag by him, this is why you should vote for Peter obi.

Peter Obi will save Nigeria from wastage because he will carry his bag by himself, his ministers will carry their own bags, he will fly economy, his ministers will fly economy, he won't have orderly, so his ministers won't have ordelies, therefore he will cut the cost of running government and save money for Nigeria.

Anybody selling this mantra, is wasting his time, Nigeria at this moment does not need someone that can save,Nigeria needs someone that can spend and increase consumption and production to make the economy works.

Pls, stop selling peter obi as a penny wise and pound folish candidate , it won't work for majority of Nigerians.

Stop selling peter obi as a man who is inefficient and wants to do everything cheap because he wants to cut cost, this literally will create lot of sub-Standard infrastructures and unfinished projects.

Nigerian need someone who can make things work not someone who will spend all his presidential power on saving money.

Someone that can't developed anambra economy ... Abeg tell about atiku and jagaban...
Re: Peter Obi: Can You Grow An Economy By Saving Money? by MissionaryArchi(m): 5:43pm On Jun 15, 2022
thebosstrevor1:


It is only a foolish government that will be thinking of saving money when nothing is working.

What is the government saving money for, it is literally to pay bills not to make make production and consumption works, this are the most important thing in an economy.

Encourage production, encourage consumption.


Pls tell me how savings will help start the machinery of production and consumption
He already addressed this in one of his interviews, from his words he said and I quote "this is not a time to run government on big budgets and spending unnecessarily when the said money should be put into production, you don't grow the economy by borrowing to run government, you grow the economy by growing productions and demand"
This was one of the statements that won my heart towards him.
Please try listening to his numerous interview I bet you will understand this man better to love him. We're tired of this other men who think they owe the country into their pockets and can manipulate us with money. Let's join our power together to take this wicked leaders out

1 Like

Re: Peter Obi: Can You Grow An Economy By Saving Money? by dejol88: 5:48pm On Jun 15, 2022
Perfectbeing:
Either that or borrowing from a bank.
You can’t jump to the bank for borrowing if your earnings is poor. Currently we earn too little and only way out is to look for what to sell to the international community to earn foreign exchange.
Re: Peter Obi: Can You Grow An Economy By Saving Money? by Nobody: 5:52pm On Jun 15, 2022
dejol88:

Nobody becomes rich through wastage. I hope I made sense!

I am not talking about wastage.

Savings does not make one rich, it infact make you poor.
Re: Peter Obi: Can You Grow An Economy By Saving Money? by dejol88: 5:58pm On Jun 15, 2022
thebosstrevor1:


I am not talking about wastage.

Savings does not make one rich, it infact make you poor.

Nigeria government is full of wastage and we need drastic cut backs to free some cash to finance what the country needs . E.g education and critical infrastructure to help power industrial clusters.
Re: Peter Obi: Can You Grow An Economy By Saving Money? by Achilles881: 6:02pm On Jun 15, 2022
[quote author=thebosstrevor1 post=113828951]Peter obi flies economy, peter obi has no escort, peter obi carries his bag by him, this is why you should vote for Peter obi.

Peter Obi will save Nigeria from wastage because he will carry his bag by himself, his ministers will carry their own bags, he will fly economy, his ministers will fly economy, he won't have orderly, so his ministers won't have ordelies, therefore he will cut the cost of running government and save money for Nigeria.

Anybody selling this mantra, is wasting his time, Nigeria at this moment does not need someone that can save,Nigeria needs someone that can spend and increase consumption and production to make the economy works.

Pls, stop selling peter obi as a penny wise and pound folish candidate , it won't work for majority of Nigerians.

Stop selling peter obi as a man who is inefficient and wants to do everything cheap because he wants to cut cost, this literally will create lot of sub-Standard infrastructures and unfinished projects.

Nigerian need someone who can make things work not someone who will spend all his presidential power on saving money.[/quotep]


Yes you can, the first time I started doing savings in the form of akawo was in 2016 after losing everything I had to rampaging bokoharam insurgents, I started life in the east by saving #200 every day, gradually I climbed to #500 then $1000 now I still send my akawo of #700000 every week, there is nothing that builds a man up like savings, I even save with stocks because money depreciates but stocks of goods don't, saving is good, especially the type Peter obi used in anambra, it grew the state tremendously.
Re: Peter Obi: Can You Grow An Economy By Saving Money? by Nobody: 6:14pm On Jun 15, 2022
[quote author=Achilles881 post=113834764][/quote]

Bla bla bla

When you are saving, you are also depriving yourself of many things. That means if peter obi spend all his tenure saving, more Nigerians would have been sent to poverty, there will be no infrastructure because our president is saving to boast his image.

After he finishes saving, our money would have been eaten up by inflation.
Re: Peter Obi: Can You Grow An Economy By Saving Money? by Nobody: 6:18pm On Jun 15, 2022
dejol88:


Nigeria government is full of wastage and we need drastic cut backs to free some cash to finance what the country needs . E.g education and critical infrastructure to help power industrial clusters.

Like where do we do the cut backs.

Even if peter obi tells all ministers and head of parastatals to start riding bicycles because they want to cut cost, do you think the money saved will be able to build a 500mw power station
Re: Peter Obi: Can You Grow An Economy By Saving Money? by dejol88: 6:57pm On Jun 15, 2022
thebosstrevor1:


Like where do we do the cut backs.

Even if peter obi tells all ministers and head of parastatals to start riding bicycles because they want to cut cost, do you think the money saved will be able to build a 500mw power station
According to 2022 budget, we are running 6.78trn deficit and you prefer to continue borrowing instead of cutting down costs of things you can do without.
For example, why can’t we look into areas like National Assembly where income isn’t generated and see how much we can cut from their budget likewise the the executive.Also redirect loans into infrastructure that can pay back itself .Do away with the social intervention by buhari administration and direct the cash into building the 1500mw of power station.
Re: Peter Obi: Can You Grow An Economy By Saving Money? by Perfectbeing(m): 7:39pm On Jun 15, 2022
dejol88:

You can’t jump to the bank for borrowing if your earnings is poor. Currently we earn too little and only way out is to look for what to sell to the international community to earn foreign exchange.

For now oil is only what we can sell. And even if we wanted to invest in other resources, we'll need money to do that. We need our roads, railway, electricity to be available so even outsiders can come and invest.. And how do we do this when we don't have don't have the money
Re: Peter Obi: Can You Grow An Economy By Saving Money? by tamdun: 7:41pm On Jun 15, 2022
PaChukwudi44:

Peleoooo facts don't lie
What fact? The one obi told u abi
Re: Peter Obi: Can You Grow An Economy By Saving Money? by dejol88: 7:53pm On Jun 15, 2022
Perfectbeing:
For now oil is only what we can sell. And even if we wanted to invest in other resources, we'll need money to do that. We need our roads, railway, electricity to be available so even outsiders can come and invest.. And how do we do this when we don't have don't have the money
I don’t agree on some you have put out there. Our leaders are just lazy and lack creativity. When I go to Tesco in uk to purchase some fruits like bananas and cucumber, I dares say ours is better than what they sell here in the UK. Question is when signing trade deals, why can’t we push our products for export and try to increase output here in Nigeria. All they do is to travel without impact. We can do a lot in agriculture , we can rebuild our educational system such that we can be able to export talent to the world taking a leaf from India this will increase Nigeria remittances.

We don’t railway system all over the country at the moment in my opinion, rather build to targets areas where we make product for export.

When we begin to make money , then we can start to expand our rail system. We don’t have plenty money for things we want .

We can do a lot just that I don’t have time to start giving you ideas on what we can do.

Do you know Pakistan are the highest buyers of tea, why are we not encouraging taraba state to help in farming tea for export.
Re: Peter Obi: Can You Grow An Economy By Saving Money? by Perfectbeing(m): 8:01pm On Jun 15, 2022
dejol88:

I don’t agree on some you have put out there. Our leaders are just lazy and lack creativity. When I go to Tesco in uk to purchase some fruits like bananas and cucumber, I dares say ours is better than what they sell here in the UK. Question is when signing trade deals, why can’t we push our products for export and try to increase output here in Nigeria. All they do is to travel without impact. We can do a lot in agriculture , we can rebuild our educational system such that we can be able to export talent to the world taking a leaf from India this will increase Nigeria remittances.

We don’t railway system all over the country at the moment in my opinion, rather build to targets areas where we make product for export.

When we begin to make money , then we can start to expand our rail system. We don’t have plenty money for things we want .
True.

But we do need railway. Railways and trains would be needed when the Government decides to end fuel subsidy.
Use of trains cannot be over emphasised. Tell me any developed country that doesn't have a working railway.

And for agriculture, the Government first need to improve it's security. Any policy the Government takes on agriculture will be useless if the farmers are not secured in the farmland.

Buhari's government have invested the most in agriculture, but we can't see the output cos our farmers are getting killed by bandits....
For ever farmer that is killed, so is 100 of bags of rice or beans or maize or onions.
Re: Peter Obi: Can You Grow An Economy By Saving Money? by dejol88: 8:03pm On Jun 15, 2022
Perfectbeing:
For now oil is only what we can sell. And even if we wanted to invest in other resources, we'll need money to do that. We need our roads, railway, electricity to be available so even outsiders can come and invest.. And how do we do this when we don't have don't have the money
Why trying to expand critical infrastructure we should be focused more in building our steel complex and extract our abundance coal.

I don’t subscribe to that nonsense that some cabal don’t want us to build a steel complex. If Iran and North Korea can lay their hands on highly regulated nuclear design , how much more common steel complex. If we have a the will , there is always way.
Re: Peter Obi: Can You Grow An Economy By Saving Money? by dejol88: 8:08pm On Jun 15, 2022
Perfectbeing:
True.

But we do need railway. Railways and trains would be needed when the Government decides to end fuel subsidy.
Use of trains cannot be over emphasised. Tell me any developed country that doesn't have a working railway.

And for agriculture, the Government first need to improve it's security. Any policy the Government takes on agriculture will be useless if the farmers are not secured in the farmland.

Buhari's government have invested the most in agriculture, but we can't see the output cos our farmers are getting killed by bandits....
For ever farmer that is killed, so is 100 of bags of rice or beans or maize or onions.
Tell that to those who are uneducated.
We don’t need railway everywhere at the moment because we lack resources to finance it. We should focus on how to increase our wealth to reduce poverty.

Buhari strategy was designed to fail. He has nothing to offer. Read my thread when I was in Nigeria, it is because of is re-election I left. We the youth caused it and if we make same mistakes again, it is over for this generation.

Don’t support this old men there will always give excuse for failing.

We can do better!
Re: Peter Obi: Can You Grow An Economy By Saving Money? by Nobody: 8:46pm On Jun 15, 2022
Ode, you grow economy by wasting money abi?
Re: Peter Obi: Can You Grow An Economy By Saving Money? by Nobody: 7:23am On Jun 16, 2022
dejol88:

According to 2022 budget, we are running 6.78trn deficit and you prefer to continue borrowing instead of cutting down costs of things you can do without.
For example, why can’t we look into areas like National Assembly where income isn’t generated and see how much we can cut from their budget likewise the the executive.Also redirect loans into infrastructure that can pay back itself .Do away with the social intervention by buhari administration and direct the cash into building the 1500mw of power station.

So are loans not redirect into infrastructures.

Loans sponsored the airports, power plants, railways, repairs of roads that the present government is carrying out.

Nigerians need social intervention, without social intervention many people will be sent down the poverty line, i believe there is nothing bad in that.

On the issue of cutting cost of the national assembly, i think it is easier to write on paper about cutting cost but in reality, the house aren't earning much as claimed by the press. Many of the money people claim they receive they don't have access to them, most of these money are meant for projects in their communities, so how then do you expect the people to be represented on the federal level

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