₦airaland Forum

phoneport:
Somebody should tell this man to keep Q A Y E T... Credit Facility my foot.

Because you cannot comprehend what he saying..

He is talking to intellectuals.

I totally agree and was in discussion with someone yesterday on this exact topic.

In some other climes young men and women through credit can access the best college education on offer. When they graduate they can focus on their professions and grow organically because their basic needs, housing, transport, etc are once again accessible via credit.

And because their lives are structured they are incentified to build careers.

Here, everything has to be paid for on the fly and even in advance in most cases putting huge pressures on young people to build financial warchests upfront to educate themselves and as young adults to settle down into family life.

There is no greater pressure to cut corners and go rogue than this

phemmyfour:
Credit facilities will work when your people are gainfully employed with a reliable take home pay

Are millions of people not genuinely employed in Nigeria from government workers to multinational companies? What's your point? This is not a container economic discussion.

Tinubu will become the finance minister when Peter Obi finally takes office

lexy2014:
How does availability of credit facilities nip corruption in the bud?

What is the cause of corruption in Nigeria?

It obvious that most of are quick to say rubbish or react than think… why do you think a civil servant will want to steal or allow steal if he can access credit to get his basic needs. He gave an instant. You want to buy a car of 8million you know you can’t afford it at once but you need it. If you can access credit to own the car, Problem solved but if not you may want to look of other means to get the car. How else if not with corruption or corrupt practices. You are unemployed and you have a business idea but no credit facilities to start the business, pls won’t you look for other means to survive? Pay tax on properties is another angle. Why build houses everywhere, buy cars parked in garage when you don’t even need them? When people start paying taxes for some of this things they will understand you only buy what you need. He give this solution because by the time you increase taxes you give people the will to want to default which is corrupt. So reduce taxes and widen the the tax net. Simple economic.

DankemzI:
Agbado plus corn.
How do you intend to tax unemployed people?
Talk about job creation first

If you can comprehend what he's saying, he's actually talking about a lot of things with availability of credit. With access to credit, a lot of unemployment problems would be solved. All over the world, the drivers of any economy are the MSMEs and the middle class. Once these class of people have access to good credit, more jobs would be created

Kobicove:
Nigerians have a culture of not wanting to repay debts...this is one of the reasons why access to credit is highly restricted in this country

Despite that, we have those that can be easily captured. Government workers and multinationals companies can be easily captured.

Aufbauh:
This man really sabi economics.
If not for his age/health concern to me, non of the presidential aspirants is close to him in capacity and deliverables.

No one thought of this as deterrent to corruption even in the past. This is a classical case of thinking outside the box by BAT.

^^

seguno2:
The clueless agbado man should STFU if he does not know that his failure to employ people to provide government services like free education for all children, utilities like water in every building, facilities like primary healthcare centres with enough personnel etc is responsible for widespread corruption.

You're so naive!

Hate the messenger but not the message. He's making a lot of sense.

Can government employ the entire population? The drivers of any economy all over the world are primarily Small and Mediu-scale Enterprises. Once this class have access to good credit, ployment would come because they the highest employers of labour anywhere in the world.

phoneport:
Somebody should tell this man to keep Q A Y E T... Credit Facility my foot.

That's the gullibility we're talking about.

Itohanmiwa:
Hmm... Love him or hate him, but what you can't take from him is the fact that bobo chigaco is intelligent. Damn you Jagaban!

^^^

emmyfizzy12:
It obvious that most of are quick to say rubbish or react than think… why do you think a civil servant will want to steal or allow steal if he can access credit to get his basic needs. He gave an instant. You want to buy a car of 8million you know you can’t afford it at once but you need it. If you can access credit to own the car, Problem solved but if not you may want to look of other means to get the car. How else if not with corruption or corrupt practices. You are unemployed and you have a business idea but no credit facilities to start the business, pls won’t you look for other means to survive? Pay tax on properties is another angle. Why build houses everywhere, buy cars parked in garage when you don’t even need them? When people start paying taxes for some of this things they will understand you only buy what you need. He give this solution because by the time you increase taxes you give people the will to want to default which is corrupt. So reduce taxes and widen the the tax net. Simple economic.

You are the one who seems to be saying rubbish without thinking because first, I didn't make a statement. I asked questions.

Second, who asked you about taxes? Did you see any reference to taxes in my questions?

Third, you are nowhere near answering the questions I asked.

How does availability of credit facilities nip corruption in the bud?

What is the cause of corruption in Nigeria?

The accountant general who stole 81billion naira, did he steal because he is unemployed or because he wanted to buy car?

Itohanmiwa:
Hmm... Love him or hate him, but what you can't take from him is the fact that bobo chigaco is intelligent. Damn you Jagaban!

Intelligent in what way?

How does availability of credit facilities nip corruption in the bud?

What is the cause of corruption in Nigeria?

Virgohills:
Script

I see...you're not yet at that level. It's about comprehension.

[quote author=AnonPoet post=115195741]
https://www.youtube.com/watch?v=LnmWg5wZp20

Asiwaju spoke extensively on widening the tax net to include people like himself instead of increasing VAT and ensuring that credit facilities become a thing in Nigeria if we are to truly nip corruption in the bud. He had earlier maintained this same stance in his 9th colloquium https:///JZjWRGpTN1

Asiwaju spoke extensively on widening the tax net to include people like himself instead of increasing VAT and ensuring that credit facilities become a thing in Nigeria if we are to truly nip corruption in the bud. He had earlier maintained this same stance in his 9th colloquium pic.twitter.com/JZjWRGpTN1

— Wale Adedayo 🌍🔰 (@Mario9jaa) June 18, 2022

giving us throwback videos..show us latest

Reference:
I totally agree and was in discussion with someone yesterday on this exact topic.

In some other climes young men and women through credit can access the best college education on offer. When they graduate they can focus on their professions and grow organically because their basic needs, housing, transport, etc are once again accessible via credit.

And because their lives are structured they are incentified to build careers.

Here, everything has to be paid for on the fly and even in advance in most cases putting huge pressures on young people to build financial warchests upfront to educate themselves and as young adults to settle down into family life.

There is no greater pressure to cut corners and go rogue than this

How does all this nip corruption in the bud?

Tobloc:
With a good structure in place for the repayment of the credits, this idea would fly.

Also, big men evade tax payment almost everywhere in the world. If they can be made to pay what they should, especially in Nigeria, then government can generate more income than it is generating now.

Who will put the good structure in place? Is it Tinubu?

How does availability of credit facilities nip corruption in the bud?

What is the cause of corruption in Nigeria?

GREED, LACK OF EMPATHY, PEPPER THEM ATTITUDE AND ARROGANCE ARE ROOT CAUSES OF CORRUPTION.

googlepikins:
This old fooool need to shut up

LoL

Major corruptions is from our leaders so Na lack credit facility de make you and other polithievcians loot our common wealth abi? Or na de one wer you wan tek buy cassava and corn for 50 million soldiers were u wan recruit

seguno2:
Indeed.
Does his own pensions not dwarf that of civil servants?
What of his Alpha Beta tax collection looting scheme that deprives Lagosians of government services, utilities, facilities and infrastructure maintenance?
How many thousands of workers are employed yearly in Lagos since 1999 and paid a comparable total package with public office holders

Dear urchins, please look away /D

emmyfizzy12:
It obvious that most of are quick to say rubbish or react than think… why do you think a civil servant will want to steal or allow steal if he can access credit to get his basic needs. He gave an instant. You want to buy a car of 8million you know you can’t afford it at once but you need it. If you can access credit to own the car, Problem solved but if not you may want to look of other means to get the car. How else if not with corruption or corrupt practices. You are unemployed and you have a business idea but no credit facilities to start the business, pls won’t you look for other means to survive? Pay tax on properties is another angle. Why build houses everywhere, buy cars parked in garage when you don’t even need them? When people start paying taxes for some of this things they will understand you only buy what you need. He give this solution because by the time you increase taxes you give people the will to want to default which is corrupt. So reduce taxes and widen the the tax net. Simple economic.

Are you blaming their gullibility? You know all these Obi people are indomie children with little or no knowledge of good governance. I agree with them about the state of the nation but they don't think deeply and that's the mistake millions of Nigerians made in 2015. I mean this "kick and go" support for Buhari and APC took advantage of it not knowing that our man knew next to nothing. The same mistake is about to be repeated by these children. Capacity and experience is very key and that's what would inform my final decision next year.

Arelyn:
Credit facilities such as Mortgages, Car loans, personal loans, Educational loans etc are certainly the way to go to attain luxury in most developed countries everyone wants to "Japa" to.....Availability of both soft loans and hard loans will reduce dependence on bulky cash transactions; a precursor for corruption) which means individuals only need to find a regular and steady means of paying back a predetermined amount then other secondary needs can be achieved with ease

You can try to deny it but a large number of Nigerians in the diaspora who have a house to themselves today or will buy in future can only achieve it through a mortgage and you don't need to be in the most glamorous of all jobs to own a home in most of these countries because individuals are means-tested before loans are handed to them and such loans are protected with different forms of insurance ( mortgage insurance, life assurance, income protection insurance etc.)

He has a genuine point and liberals like me love to hear alternative solutions to the status quo and not the normal shenanigans our politicians dish out to appeal to emotions. I guess this submission and the widening of the tax bracket are different ideas that are not common for politicians to come up with...

Where will you get the collateral from or don't you think that we have such in place, what of the interest as banks would want?

We have it in place but you have to be qualified to access it which most of Nigerians are not qualified for.

You can't just give loan to someone that cannot pay. My bank is even begging me to collect a loan of which I turned down.
Inflation rate won't even allow lenders give out loan too

are those people that involve in corrupt practices belong to the class of people that cant afford all this thing you mentioned.corruption is taking place at upper Chambers of our government ranging from Local level to Federal level and secondly GREEDINESS

The clueless agbado man should STFU if he does not know that his failure to employ people to provide government services like free education for all children, utilities like water in every building, facilities like primary healthcare centres with enough personnel etc is responsible for widespread corruption.[/quote]

lexy2014:
How does availability of credit facilities nip corruption in the bud?

I don't know he is even talking about corruption. Someone that's been fingered multiple times on corruption allegations.

What is the cause of corruption in Nigeria?

The cause of corruption is also the cause or enabler of many of other Nigeria's problems and that is lack of accountability. Nobody is held accountable or very few people are held accountable for their crimes which is not good. It's the same reason a police man would tell you; he will shoot/kill you and nothing would happen.

That is it.