₦airaland Forum

SeaTrade:
Easy fix,increase Chinese and India import tarriff at the ports to offset local cost disadvantage inefficiencies.

It's doesn't work with the Chinese. Many countries have tried that and it had always failed. Why? Because the Chinese government resort to "dumping". They reduce (subsidise)the price of their product to meet whatever tariff you place. The Chinese strategy is econonics of scale. They make profit from shear scale of production instead of price mark up on individual items. They have excellent infrastructure, very low interest rate and strict government control, its very difficult for even US and Europe to compete.

wirinet:
I now understand what you mean by mining. You mean mining for local industries as against mining to collect rent. I am still not convinced as mining is prone to abuse. Since we do not possess the machinery, technical knowhow and refining capacity to process mined materials to usable materials, we will still have to depend on the Chinese and Indians to mine for us. And you know how these people are degrading the people and the environment in other parts of Africa.

I will prefer we import raw materials from and recycle for now. There is an enormous potential in recycling old materials into new raw materials. Even the recycling industry is dominated by Chinese and Indians. I will prefer Tinubu or Peter Obi talks about building manpower and skills apart from infrastructures essential for development.

The reason you see mining to collect rent as normal is the same reason we see selling our oil field or renting our oil field is normal.

If Nigeria is developed, we shouldn't be allowing China ans India to mine our resources,.

You are right on the man power development, and we also need seasoned entrepreneurs in most of this sectors.

Golan007:
Who is talking about government giving loans?

Honestly, this issue seems more above the understanding of many of you.

No offence.

You are far away from reality, stop reasoning very poor and senseless, the same Nigeria government that can't build good hospital, ansu is on strike for over 8 months, same government that can't provide security will give you what mortgage loan you no dey reason like human being at all , common Sense is not common

This guy is brilliant @ Tinubu....when we talk about turning Nigeria around, this will be the newest dimension unchecked by others.

He made sense

MartinsD12:
You are far away from reality, stop reasoning very poor and senseless, the same Nigeria government that can't build good hospital, ansu is on strike for over 8 months, same government that can't provide security will give you what mortgage loan you dey like human being at all , common Sense is not common

Person dey call am ANSU.



And he wants me to take him serious.

No make me laugh abeg.

wirinet:
It's doesn't work with the Chinese. Many countries have tried that and it had always failed. Why? Because the Chinese government resort to "dumping". They reduce (subsidise)the price of their product to meet whatever tariff you place. The Chinese strategy is econonics of scale. They make profit from shear scale of production instead of price mark up on individual items. They have excellent infrastructure, very low interest rate and strict government control, its very difficult for even US and Europe to compete.

They can only do that to key China vital exports to countries like USA that do serious numbers.
It'll be stupid for China to devalue its currency or start subsidising Tecno phone sales ,toothpick,tissue and table cloth that is going to Nigeria from China.
They're not that stupid please.
You cannot use economies of scale to beat super high tarrifs oga,those countries China do that shit with is the ones that they do serious bilateral trade with because both parties have a lot to lose and will end up at a compromise,
Not one way markets like Nigeria that can decide to frustrate imports from there and there's nothing China can use to hold them back ,except probably loans they'll ask for with immediate effect.

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.

Does this man even understand that Buhari and his APC gang has borrowed away the future of this country? Very soon 100% of our national budget will be going for debt servicing, so where will he get the money for the so called credit schemes? Except Alpha Beta cough out Lagos billions, l don't see that happening.

Groovedaddy:
I am shocked Tinubu can actually utter the word corruption in public. Lol

Me too. Let the Physician heal himself first.

SeaTrade:
The way you people assume and throw words around without knowing who you're talking to baffle me a lot.
Oga there are countries that have developed their steel sector so much that the economies of scale they've acquired on it has made them unbeatable in the international steel market.
They can produce it cheaper and sell cheaper and make Nigeria investing on it stupid since an industrialist can always import from those countries way cheaper than he would have gotten buying from Nigeria.
You don't just go about investing out of emotions.
Steel isn't a sector that has an international cartel like OPEC that fixes it's price worldwide.
If not for OPEC,Nigeria oil would have been useless because countries like US,Saudi,Russia would have use their capacity to make Nigeria oil unsellable and useless.
We can discuss without you throwing words around please.

But we are both saying the same thing. I don't subscribe to the government throwing money away in steel plant. We have wasted enough billions of dollars. We should just import. When in talking about steel industry, I don't mean steel production, I am talking about turning steel into first machines tools and then machines and machinery and finally products. Same with plastic industry.

We are saying the same thing.

Teenaira:
Every country in the world have both Macro and micro economic issues. Infact, the two economic indicators are twins. My brother, let's tell our self the truth, I have never seen a people so hard working like Nigerians. Our problems are more of structural, administrative and political. I am sure you want a better Nigeria, that is exactly what I want and many Nigerians.

See, Nigeria have population meaning we have a strong market. Meaning we have a big market for both products and services. Our service sector is a bit okay but we have a poor production sector because our environment is not in anyway supporting production. So we have a very poor production efficiency. EFFICIENCY is the most important concept in a free market economy. If we have the right environment to support production today, I can assure you most of our Igbo brothers doing importation will start moving to production. I don't want us to criminalise our brothers doing importation, they are not criminals and they are not undermining the economy, instead, I will want you to see them as being in the service sector. Everybody in the world would have wanted to invest in Nigeria because we have a BIG market but we got to work very hard to remove most of the structural, administrative and political issues. They are indeed the killer. There is no part of this country that is not endowed with both abundance of natural and human resources.

So I don't agree with Peter Obi, on the issue of importation rather than production. I am not an Igbo man but I know the Igbos are not in anyway undermining the economy, rather they are providing a service for which their is a big DEMAND. If the environment supports production, a lot of the importers will move into production.

Anybody who wants to be president must be ready and prepared to face all manners of challenges, there is no magic wand anywhere. The politicians are the biggest issues. They will promise heaven on Earth and then they will end up creating more problems, so the country continues to deteriorate. They are the one undermining the economy and heating up the polity. The biggest issue right now is that we don't have a country.

richiemcgold:
Anyway, he's very right on his assertion about good credit system (especially if workers & SMEs owners are deeply involved). It will not only discourage corruption but will also increase the number of middle-class citizens which in recent years have been drastically reducing. We need more of this kind of realistic ideas and issue-based campaigns.

He is not right anything. How will you have good credit system when Nigeria doesn't have a unified identity system. Do your street have number. Do you have identity that is tied to everything you do including your employment, health care, drivers licence etc. Do Nigeria have central data base where I can check both your credit and criminal history? He is just talking nonsense. He has no idea of what he is say

By empowerment, I mean starting with the provision of power and a proper transportation channel for good s to move easily.

wirinet:
With diesel at 900/litre, horrible roads and multiple taxation - both legal and illegal? Remember the SMEs will have to compete in terms of price and quality with SMEs in China, Vietnam and India.

Kennedyli:
Stop quoting me with all these gibberish. So credit system is why Nigerians should vote for your shake shake daddy? You better go and look for something serious to do with your life. Online agbero no be work.

Like i said, the credit whatever is just one of tinubu agendas, if you need reasons why nigerians must vote a Theifinubu over righteous Peter obi here is BAT achievements and samples of what to expect, knock yourself out


https://www.nairaland.com/7176682/tinubus-achievements-lagos-governor

wirinet:
But we are both saying the same thing. I don't subscribe to the government throwing money away in steel plant. We have wasted enough billions of dollars. We should just import. When in talking about steel industry, I don't mean steel production, I am talking about turning steel into first machines tools and then machines and machinery and finally products. Same with plastic industry.

Oh now I understand what you mean.
Private sector enterprise,nothing government can do here.

kcprince:
This video was shot in 2017. He was still healthy then.

Now he is not heathy to hold the office of president due to the bad state of the country.

We need a president with some energy left in him to bring nigeria back to production.

You're missing the point. It's not because of old age nor lack of education that Nigeria does not want Yekini Ogunlere(Tinubu). You know why Nigeria doesn't need him. You surely know why.

seunmsg:
Peter Obi was also in PDP with Jonathan and even served as his economic adviser. So, why didn’t he advice him to do all the things he’s now promising?

Compare the Nigerian economy during Jonathan Vs during Buhari and tell us your findings. Are you normal at all?

derecho:
Tori...na now dey break?

Just tell us about Lekki tollgate.

tell us about awkuzu massacre

Golan007:
He has brought another seaport in Lagos.

He has opened a once uninhabited Lekki Ajah to the public.

He was able to convince Dangote to site his refinery in Lagos.

The new US Consulate building and more.

All these things provide employment.

Nobody would ever come to anyone's bedroom to ask if he wants to work.

Now, he's suggesting an even more sophisticated system to enable regular joes own homes and property, yet you are complaining.

You want him to do what exactly?

You need help

Look who is talking

MartinsD12:
For people who don't understand what tinubu means, he is saying if your salary is not a enough for you to buy a car you should go and borrow a loan , this exactly what governance means to tinubu, same thing buhari is borrowing Is what this man plan to do but he won't succeed, tinubu will never be president in Nigeria.

Amen.

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.

Their hatred for Tinubu is not on the premise that Tinubu is corrupt, can't deliver or too old. All Nigerian politicians are. But they are just fronting those as excuse to achieve their real intention of frustrating a Yoruba man trying to become President.

stop comparing obi and Tinubu, stop the bigotry act....when someone raised a valid point that can affect the life of common man, you need to acknowledge it, ....when you tagged someone corrupt, are you innocent?....there is no different between a big scam and a small one...check the holy book. also note this as well all things are possible.

BrickDevo:
Lolz, he has stolen away your futures, now he wants everybody to be a living debt to him, a never ending debt. Lolz

and some fools are yet to understand the meaning of the infinity symbol on his cap.

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.

100000000000000000 likes. In a country like Nigeria, how would the loan or mortgage be repayed by someone earning 100k in a country with high inflation, cost of living and constant currency depreciation?

trutharena:
I sabi how credit system work front and back.

I even dey use am steady and it will be hard to survive here without having one credit or another from banks.

If you want to buy a good new car, you will need credit.
If you want to buy a house, you will need credit.
Some even take credit to buy new IPhones.
Some even take credit to buy ordinary gold.

I know Peter Pandora no too get sense as per say he just speak and his minions take it like that. But you are talking to an informed guy here who can think for himself and if what Tinubu said is wrong, I won’t re-echo it.

Even your heart doesn't agree with this incoherent trash you typed.

Corruption is just a word...it is people in agbada and co that turn it to fully time profession.

Nigeria in offices are not only corrupt but they been Olé, a big time thief. Well, if the words of the holy Bible never lies, then there is nothing to worry about because as the words says right before our eyes, they shall fade away like vapour and the generation after shall remember the more.

Just get your PVC, God is working something special out for Nigeria.

Golan007:
I know the credit system because i have lived at different times, over 20 years of my life abroad UK and many other countries.

What next?

If you lived abroad for over 20 years as you typed here you wouldn't reason the way you do.

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.

Brother to be neutral on this, we can't just assume that he didn't advice Buhari on some salient issues. We all know Buhari is a retired general and a hard nut to crack person. I'm sure you were aware when they both not on good terms before everything went down. Also, we all knew and could see the hand writing on the wall that Buhari wasn't supporting Jagaban to succeed him.

The best man for the job Asiwaju Bola Ahmed Tinubu

Everlastingson:
If you lived abroad for over 20 years as you typed here you wouldn't reason the way you do.

Says someone who hasn't left Abagana.

MartinsD12:
And you think this is America, examine your mentality.

I like to engage only educated people who can engage in intellectual argument.





We learn everyday