₦airaland Forum

trutharena:
He claimed one of the reason for big corruption in the civil service is that the system is rigged against integrity because how do we expect a civil servant/Private workers earning like 100k to afford a house/car that is 8million by paying cash at once.

He said we can’t have a system that allow corruption while on the other hand have EFCC to curb the corruption.

He advised the best way to curb this is to set up mortgage system such that the people can pay in installment with FG working alongside the lenders to see that people can have access to such loans. With this, a civil servant don’t need to steal to afford cars and etc.

In Lagos, this is in practice with Lagos HOMS. The FG just need to back the banks with some security that can help them mitigate against defaulters that may arise.

To the Obituary people that invaded this thread, you’ve been asking for Tinubu stance on things like this, now he spoke brilliantly, you’re still bitter.

Whether you hit your head on stone or not, Tinubu will be your president in 2023.

Trust me, if Tinubu gets elected, he will build a long lasting mortgage structure in Nigeria that will outlive his government. This man understand how to build structure and he is a goal getter.

Kennedyli:
Is this the best of Tinubu? Unfortunately he's saying gibberish even after all the editing.

How would someone earning 100k afford ro pay back a car loan of 3.5 million?

Even with a credit system. It will take 100% of his salary for over 2 years to pay for the car.

Which lender will agree to such a deal?

BTw Nigeria already has a credit system. Loan apps like Carbon and Branch use it.

The next president should focus on increasing local production to strengthen the naira.
So that car of 3.5 mil can go back to the 1.5 mil it was sold 7 years ago.

TINUBU HAS NOTHING TO OFFER.

PHOTSEE:
How do you now get the money you give to the bank? You have to be credited worthy first before you can access such infrastructure.
Are you paid per hourly , do you have choice of career , jobs with good pay, not when majority of the working class youth are contract staff.
Combining the nigeria factor into consideration of not paying back loans.

They have borrowed from china, now they want to sale you off by being indebted to them.

We dont need cars, because there is no good road to ply them. Which will lead to conjustion.

trutharena:
He claimed one of the reason for big corruption in the civil service is that the system is rigged against integrity because how do we expect a civil servant/Private workers earning like 100k to afford a house/car that is 8million by paying cash at once.

He said we can’t have a system that allow corruption while on the other hand have EFCC to curb the corruption.

He advised the best way to curb this is to set up mortgage system such that the people can pay in installment with FG working alongside the lenders to see that people can have access to such loans. With this, a civil servant don’t need to steal to afford cars and etc.

In Lagos, this is in practice with Lagos HOMS. The FG just need to back the banks with some security that can help them mitigate against defaulters that may arise.

To the Obituary people that invaded this thread, you’ve been asking for Tinubu stance on things like this, now he spoke brilliantly, you’re still bitter.

Whether you hit your head on stone or not, Tinubu will be your president in 2023.

Trust me, if Tinubu gets elected, he will build a long lasting mortgage structure in Nigeria that will outlive his government. This man understand how to build structure and he is a goal getter.

Kennedyli:
Is this the best of Tinubu? Unfortunately he's saying gibberish even after all the editing.

How would someone earning 100k afford ro pay back a car loan of 3.5 million?

Even with a credit system. It will take 100% of his salary for over 2 years to pay for the car.

Which lender will agree to such a deal? It's seems you are naive about credit system. In western world some mortgage last up to 35 years. You people always have something Against and nothing for

BTw Nigeria already has a credit system. Loan apps like Carbon and Branch use it.

The next president should focus on increasing local production to strengthen the naira.
So that car of 3.5 mil can go back to the 1.5 mil it was sold 7 years ago.

TINUBU HAS NOTHING TO OFFER.

aviara:
Mortgage is not a new idea it has been there all the while. How does the market woman who sells tomatoes at mile 12 market in Lagos access and affords mortgage when the state govt keeps sending touts to harras them to pay one levy after another. How will the transporters afford it when half of their income is collected by agberos at every bus stop.

trutharena:
He claimed one of the reason for big corruption in the civil service is that the system is rigged against integrity because how do we expect a civil servant/Private workers earning like 100k to afford a house/car that is 8million by paying cash at once.

He said we can’t have a system that allow corruption while on the other hand have EFCC to curb the corruption.

He advised the best way to curb this is to set up mortgage system such that the people can pay in installment with FG working alongside the lenders to see that people can have access to such loans. With this, a civil servant don’t need to steal to afford cars and etc.

In Lagos, this is in practice with Lagos HOMS. The FG just need to back the banks with some security that can help them mitigate against defaulters that may arise.

To the Obituary people that invaded this thread, you’ve been asking for Tinubu stance on things like this, now he spoke brilliantly, you’re still bitter.

Whether you hit your head on stone or not, Tinubu will be your president in 2023.

Trust me, if Tinubu gets elected, he will build a long lasting mortgage structure in Nigeria that will outlive his government. This man understand how to build structure and he is a goal getter.

SeaTrade:
There's no other way that ensures the circulation of money to lift anyone from poverty asides value!No other way.What?you want to start handing out free naira to people to bridge poverty gap?
Look,cheap accessible credit means lots of people and businesses can/will now want credit to increase capacity/profitability,this process creates more demand for labor/services and its ripple effects and this is how people get lifted from poverty.

That was a terrible instance,never make poor examples so you don't come across as ignorant.
It's not government's place to raise income oga,leave that to private enterprises. When you've attracted the creation of enough of them in your country,they'll compete amongst themselves to get the best man for the job in their enterprises, one of the ways they do this is by offering bigger pay for labor.That's how income bracket of a nation increases.
Government can only set minimum wage.

This makes no sense,the consumer determines his/her credit strength by his/her earning potential.
If you want more credit strength, earn more money legally!
Proceeds of corruption aren't kept in commercial banks ,neither do banks use them for credit eligibility.
What they look at is cashflow and not volume of deposit.

The capitalist countries didn't just acquire a hundred times Nigeria's economic strength in one day.It was processes like these that led them to where they are today.Nigeria can do same by emulating the same methods.

Of course jagaban is smarter than I am,there's no disputing that. Even if it was scripted by someone else,it means he has smart thinking people as his entourage and that's good enough.
Peter Obi speaks a lot of dumb economics from his brain which makes little to no economic sense to the trained eye,
I rather one who speaks correct from a script than another that spits a lot of garbage from his brain.
He wants to make Nigeria an economic powerhouse,yet he saved N75B in a volatile currency,in a state with one of Nigeria's poorest citizens whose biggest prospect of its citizenry is nwaboy and yet sees it as bragging rights /him being an economic wizkid tells me all I need to know about how empty he actually is,
Ask him for a step by step guide on how he intends to make Nigeria an export nation like he's been saying and watch him go blank.
I chose track record over sweet talks,no offense.
Tinubu has told you how he intends to achieve economic progress for Nigeria.

I am not campaigning for anyone or make you see reasons to vote tinubu,I just have a penchant for identifying quality when I see it.
Cheers.

InoGetJoy:
Nairalanders, please leave tribalism for once and vote based on competence.
Think about yourself and your children when you vote in 2023. If you vote a foolish president, you'll suffer whether he's from your tribe or not. Ask my Northern brethren what they're passing through even with their brother as president.
Be selfish in this coming election, think about yourself first

As for me and my family, we're voting for Peter Obi because among the 3 frontline candidates, he's the most likely to perform

xynerise:
I can only vote Tinubu if he eradicates Agberoism in Lagos

trutharena:

https://www.youtube.com/watch?v=T6tl00bCdr0

trutharena:
He claimed one of the reason for big corruption in the civil service is that the system is rigged against integrity because how do we expect a civil servant/Private workers earning like 100k to afford a house/car that is 8million by paying cash at once.

He said we can’t have a system that allow corruption while on the other hand have EFCC to curb the corruption.

He advised the best way to curb this is to set up mortgage system such that the people can pay in installment with FG working alongside the lenders to see that people can have access to such loans. With this, a civil servant don’t need to steal to afford cars and etc.

In Lagos, this is in practice with Lagos HOMS. The FG just need to back the banks with some security that can help them mitigate against defaulters that may arise.

To the Obituary people that invaded this thread, you’ve been asking for Tinubu stance on things like this, now he spoke brilliantly, you’re still bitter.

Whether you hit your head on stone or not, Tinubu will be your president in 2023.

Trust me, if Tinubu gets elected, he will build a long lasting mortgage structure in Nigeria that will outlive his government. This man understand how to build structure and he is a goal getter.

RedChiefPriest:
Normal normal we need this.
The whites are not rich but stuffs like this are in place.
We need a government that can do this and make life easier for the people but when the government will come that's the problem.


Dj! Bring me 1 jar of palmwine and add 2 satchel of salt
Barman play me "Government na scam" by Martin Luther King and tiwa savage.

trutharena:
He claimed one of the reason for big corruption in the civil service is that the system is rigged against integrity because how do we expect a civil servant/Private workers earning like 100k to afford a house/car that is 8million by paying cash at once.

He said we can’t have a system that allow corruption while on the other hand have EFCC to curb the corruption.

He advised the best way to curb this is to set up mortgage system such that the people can pay in installment with FG working alongside the lenders to see that people can have access to such loans. With this, a civil servant don’t need to steal to afford cars and etc.

In Lagos, this is in practice with Lagos HOMS. The FG just need to back the banks with some security that can help them mitigate against defaulters that may arise.

To the Obituary people that invaded this thread, you’ve been asking for Tinubu stance on things like this, now he spoke brilliantly, you’re still bitter.

Whether you hit your head on stone or not, Tinubu will be your president in 2023.

Trust me, if Tinubu gets elected, he will build a long lasting mortgage structure in Nigeria that will outlive his government. This man understand how to build structure and he is a goal getter.

PHOTSEE:
You better talk more about who you know and leave the anoint one ,out of you banter. Because we are Obidient.

FuckOsuPigs:
He just used that as an example. Someone earning 100k does not necessarily have to go fo a N3.5m car. In a multilateral arrangement involving banks and FG, workers can actually obtain car loans for 5 years (60 months) and mortgage loans for 20 years (240 months) on a single digit interest rate. I'm a banker and I currently enjoy this benefit. This is what obtains in UK, Canada and US.

The man is making sense. Despise the messenger but don't hate the message. Take emotion out of it.

SeaTrade:
There's no other way that ensures the circulation of money to lift anyone from poverty asides value!No other way.What?you want to start handing out free naira to people to bridge poverty gap?
Look,cheap accessible credit means lots of people and businesses can/will now want credit to increase capacity/profitability,this process creates more demand for labor/services and its ripple effects and this is how people get lifted from poverty.

That was a terrible instance,never make poor examples so you don't come across as ignorant.
It's not government's place to raise income oga,leave that to private enterprises. When you've attracted the creation of enough of them in your country,they'll compete amongst themselves to get the best man for the job in their enterprises, one of the ways they do this is by offering bigger pay for labor.That's how income bracket of a nation increases.
Government can only set minimum wage.

This makes no sense,the consumer determines his/her credit strength by his/her earning potential.
If you want more credit strength, earn more money legally!
Proceeds of corruption aren't kept in commercial banks ,neither do banks use them for credit eligibility.
What they look at is cashflow and not volume of deposit.

The capitalist countries didn't just acquire a hundred times Nigeria's economic strength in one day.It was processes like these that led them to where they are today.Nigeria can do same by emulating the same methods.

Of course jagaban is smarter than I am,there's no disputing that. Even if it was scripted by someone else,it means he has smart thinking people as his entourage and that's good enough.
Peter Obi speaks a lot of dumb economics from his brain which makes little to no economic sense to the trained eye,
I rather one who speaks correct from a script than another that spits a lot of garbage from his brain.
He wants to make Nigeria an economic powerhouse,yet he saved N75B in a volatile currency,in a state with one of Nigeria's poorest citizens whose biggest prospect of its citizenry is nwaboy and yet sees it as bragging rights /him being an economic wizkid tells me all I need to know about how empty he actually is,
Ask him for a step by step guide on how he intends to make Nigeria an export nation like he's been saying and watch him go blank.
I chose track record over sweet talks,no offense.
Tinubu has told you how he intends to achieve economic progress for Nigeria.

I am not campaigning for anyone or make you see reasons to vote tinubu,I just have a penchant for identifying quality when I see it.
Cheers.

hayoholla:
He has not said anything meaningful here What they ask of him, is the plan to turn the fortunes of the country economy around. Its in a functioning economy atleast, we will talk about this, not this economy where the minimum wage of works is not even upto 100dollars. Tell me how will such citizens apply and pay up for mortgages. The purchasing power of the citizens is low, because of high inflation, and you're here talking of credit score. . That's how they decieve you with phantom promises.

trutharena:

https://www.youtube.com/watch?v=T6tl00bCdr0

Kennedyli:
Is this the best of Tinubu? Unfortunately he's saying gibberish even after all the editing.

How would someone earning 100k afford ro pay back a car loan of 3.5 million?

Even with a credit system. It will take 100% of his salary for over 2 years to pay for the car.

Which lender will agree to such a deal?

BTw Nigeria already has a credit system. Loan apps like Carbon and Branch use it.

The next president should focus on increasing local production to strengthen the naira.
So that car of 3.5 mil can go back to the 1.5 mil it was sold 7 years ago.

TINUBU HAS NOTHING TO OFFER.

chigoizie7:
Without a good job can you make use of that your credit? It’s a yes or no answer.

You want to introduce credit system to a nation where morethan 70% are unemployed? Are you even thinking? The companies funding those credits will simply fold when not so many people use it.

trutharena:
He claimed one of the reason for big corruption in the civil service is that the system is rigged against integrity because how do we expect a civil servant/Private workers earning like 100k to afford a house/car that is 8million by paying cash at once.

He said we can’t have a system that allow corruption while on the other hand have EFCC to curb the corruption.

He advised the best way to curb this is to set up mortgage system such that the people can pay in installment with FG working alongside the lenders to see that people can have access to such loans. With this, a civil servant don’t need to steal to afford cars and etc.

In Lagos, this is in practice with Lagos HOMS. The FG just need to back the banks with some security that can help them mitigate against defaulters that may arise.

To the Obituary people that invaded this thread, you’ve been asking for Tinubu stance on things like this, now he spoke brilliantly, you’re still bitter.

Whether you hit your head on stone or not, Tinubu will be your president in 2023.

Trust me, if Tinubu gets elected, he will build a long lasting mortgage structure in Nigeria that will outlive his government. This man understand how to build structure and he is a goal getter.

Vulturereloaded:
Good Morning Tinubu,

I guess you are just waking up.

U know all this and you didn't advice buhari? Left Nigerians to suffer for 8 years, because u want to be president?


We are not interested in your Bullionomics.

Af0nja:
Nnewi in Anambra has the highest number of millionaires concentrated within a location in any part of West Africa.

You're campaigning for Tinubu and denying it , lol I will not go far.

You're not interested in facts, I'll pass.

Kennedyli:
Is this the best of Tinubu? Unfortunately he's saying gibberish even after all the editing.

How would someone earning 100k afford ro pay back a car loan of 3.5 million?

Even with a credit system. It will take 100% of his salary for over 2 years to pay for the car.

Which lender will agree to such a deal?

BTw Nigeria already has a credit system. Loan apps like Carbon and Branch use it.

The next president should focus on increasing local production to strengthen the naira.
So that car of 3.5 mil can go back to the 1.5 mil it was sold 7 years ago.

TINUBU HAS NOTHING TO OFFER.