₦airaland Forum

lexy2014:
With your common sense, you haven't answered the simple questions.

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

What is the cause of corruption in Nigeria?

The accountant general that stole 81billion naira, is it because he didn't have a home for his family?

Now I know that common sense is not common with some people. A waste of precious time!!

This old man has come again. With all the credit facilities Nigeria as a country has collected since 2015 till date, has it stopped corruption in the country?

He obviously doesn't know the definition of corruption. If you want to know the definition and scope of corruption listen to the interview of Peter Obi's running mate Yusuf Ahmed Datti

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

How can giving credit facilities stop corruption when in Nigeria here,most debtors have refused to pay.

Even Nigeria that is borrowing is even more corrupt than any country on earth.

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

What is the cause of corruption in Nigeria?

The access to goods and services that you previously couldn't afford because it required you to pay EVERYTHING UPFRONT often makes some people to seek alternative means to obtain them - corrupt practices.

When owning your own home simply means paying an affordable percentage of your wages as a civil servant, the pressure of acquiring money for the sake of it would be reduced.

effort1:
How? There's access to credit facility. As of today, I can get up to one million naira from loan companies if I want.

Curious to know how you achieved what you claim....can you kindly elucidate how....
Did you build it or you have access because of your weekly or monthly or yearly salary and entitlements.?

aviara:
This old man has come again. With all the credit facilities Nigeria as a country has collected since 2015 till date, has it stopped corruption in the country?

He obviously doesn't know the definition of corruption. If you want to know the definition and scope of corruption listen to the interview of Peter Obi's running mate Yusuf Ahmed Datti

@aviara please share the link to this particular Yusuf's interview.

Wittyness

ibechris:
How can giving credit facilities stop corruption when in Nigeria here,most debtors have refused to pay.

Even Nigeria that is borrowing is even more corrupt than any country on earth.

If Obi made this statement, you would find merit in it.

donbrowser:
Did you watch the video?

he doesn’t need to watch it

They are programmed to attack tinubu even if what he’s saying will benefit them

Imagine when uzodinma said no alcoholic products should b sold at garages so that drivers won’t get drunk n drive recklessly,despite the fact that it will help reduce accident they still criticize him

That’s d kinda life they live

LordGuru1:
That's very true.

summarise for us how true it is.

we really need to give this man a chance to rule us for 4yrs

27Pushing30:
I’m guessing you did not even bother to watch the video

Abroad everyone has a credit card from the waiter I’m the restaurant to the fortune 100 CEO.

An African girl once did a vid saying “they say Africans are poor but if you see an African with an iPhone know that he paid for it 100% but a fin you see with an iPhone most likely bought it using credit card … so who is poor?”

What she did not realize is that credit means the guy isn’t looking for who to use for ritual so he can get rich

That credit means he isn’t looking for who to steal from so he can eat

That credit means he isn’t looking for motorist to fine for a traffic infraction so his family can eat

In developed countries almost everyone is on CREDIT

Mr. Man, you don't know what you're saying. In abroad if a loan or credit card is giving to you, they know the means of getting your repayment to the bank.
In Nigeria, if a loan is given to a worker, making return or repayment is a big problem. I know some of my colleagues in the office that have collected many loan facility in many financial institutions and repayment had become difficult for them. Many of them used it to buy car, some built houses, some for marriages, some invested it but could not meet up again with repayment because of bad economy. Like someone that collected a million naira loan and after loan deduction, his salary balance remain say #30,000. As a result of inflation, this #30,000 can no more meet up with monthly expenditure. Electricity bill take almost half of the money, half bag of rice take about #15,000. Where would such get money for other sundry? The children school fees are also there.
Giving loan facility to curb corruption is just Secondary. The primary factor to curb corruption is to create strong economy, create enabling environment and let there be equal wealth distribution, not that some are enjoying and the rest become puppets.

shinealight:
Now I know that common sense is not common with some people. A waste of precious time!!

Exactly. Common sense isn't common that's why you can't answer the simple questions.

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

What is the cause of corruption in Nigeria?

The accountant general that stole 81billion naira, is it because he didn't have a home for his family?

shinealight:
Now I know that common sense is not common with some people. A waste of precious time!!

That guy has a reputation for asking circuitous questions on this forum.

Go through his history and you'll sew what i mean.

If you prove to him what the colour white is, hell ask you if you invented the term.

rusher14:
The access to goods and services that you previously couldn't afford because it required you to pay EVERYTHING UPFRONT often makes some people to seek alternative means to obtain them - corrupt practices.

When owning your own home simply means paying an affordable percentage of your wages as a civil servant, the pressure of acquiring money for the sake of it would be reduced.

You haven't answered my questions.

1. What is the cause of corruption in Nigeria?

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

3. Why did the accountant general of the federation steal 81billion naira recently?

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.

If the government loan you 10m Naira for business, Shey you will open the business ni, or use the money japa commot?

What’s the chances that the business will even survive 2 years?
Ordinary micro loans of 10k you people can’t pay back, abi loan apps aren’t giving loans again? Credit facilities will give rise to even more corruption! People will not be able to pay back due to unfavorable business conditions especially insecurity!

How did Tinubu acquired his wealth if not through corruption. Dull brains will be quick to say access to credit facilities is what makes life easier abroad. But they forget that the minimum wage abroad is not N30k
They won't tell you that a cleaner's salary abroad is almost the same with a bank manager in Nigeria

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

Fact .. Nigerians don't want to pay loan back but CBN can work on a method that won't allow anyone to default except the person abandoned anything that has to do with bank transaction.

A law can be made that will make any financial institutions to flag the account of debtor by restricting them making any withdrawal unless they pay their credit back. Also all these Loan institutions in Nigeria needs to reduce their interest rate to atleast maybe 10% per annum.

E.g Imagine a loan of 100,000 with interest of 30,000 in just a month is so crazy.

IfnobeGod20:
Mr. Man, you don't know what you're saying. In abroad if a loan or credit card is giving to you, they know the means of getting your repayment to the bank.
In Nigeria, if a loan is given to a worker, making return or repayment is a big problem. I know some of my colleagues in the office that have collected many loan facility in many financial institutions and repayment had become difficult for them. Many of them used it to buy car, some built houses, some for marriages, some invested it but could not meet up again with repayment because of bad economy. Like someone that collected a million naira loan and after loan deduction, his salary balance remain say #30,000. As a result of inflation, this #30,000 can no more meet up with monthly expenditure. Electricity bill take almost half of the money, half bag of rice take about #15,000. Where would such get money for other sundry? The children school fees are also there.
Giving loan facility to curb corruption is just Secondary. The primary factor to curb corruption is to create strong economy, create enabling environment and let there be equal wealth distribution, not that some are enjoying and the rest become puppets.

Did Tinubu say it is the only way?

From the same speech, he asked that VAT shouldn't be increased.

That is another way of ensuring prices do not soar.

No one can deny that if there was an economically vialble state in Nigeria, it would be Lagos.

So in terms of performance, suggestions, ideas, short to mid to long term planning, Tinubu has proven it.

rusher14:
If Obi made this statement, you would find merit in it.

I am ex banker,u don't say this any where.

How can giving out credit solves the problem of corruption in Nigeria?
The last one CBN paid out has not been collected back even when they threatened to arrest the debtors because of the same corruption in the system.

A beg make una dey analyse things before speaking out.

This is the kind of stuff people in diaspora benefits that makes life easier for them. Buying things with ease through the scheme,i knew a guy that relocated to UK he opened a student account while in school 4 years later.at the middle of the night ,yes at night I applied for a loan to buy his first house .we all know no naija banks would do that.

BATified2023:
when u have enough to sort your bills n u can always pay later u will never think of stealing at work or bribery

Just imagine u need urgent 100k n it’s very important to get it,if there’s availability of credit facility u can always approach credit facilitators n get d cash but imagine in a situation u can’t access credit anyone who gives u an offer of corruption u will surely go for it

What it means is that if u have many options to solve your problem u won’t think of stealing

I hope I made sense

No you haven't made sense.

1. What is the cause of corruption in Nigeria?

2. Why did the accountant general of the federation steal 81billion naira?

3. Tinubus daughters bought choice properties in the US costing at least $1million each without a known source of income. Where did they get the money from?

Nigerians are already overtaxed without any real evidences.
Even the products of the natural resources are not seen, not even in where they are gotten from.
Na only tax tinubu know, tax that America adopted after their economy began to depreciate because of carelessness.
What about the commonwealth we all have, the gold, the oil, the coal among others, what are you doing with it that you want to tax life out of Nigerians

Access to credit facility, like how exactly? Is he saying the poor class are the corrupt ones?

Anytime you hear Tinubu say widen the tax net what he saying is double or triple taxation. The same model he has established in Lagos that makes many transporters labour only to give almost half of their revenue to street touts called agbero.

At the end of the day someone like MC Oluomo can send his children abroad to school from the proceed of agbero but the transporter toiling day and night can't even have enough to maintain his vehicle talkless of sending his own children to school abroad.

djseanjohn77:
When you have never experienced or enjoyed one.....Since I left Naija, I have access to credit facilities, i could get the latest brand new car within my means, I could buy any gadget I so desire....and does not have to have sleepless nights because of any debt. But your myopic brain and blind support for Obituary will not make you reason well.

^^^
You left Naija. But Naija hasn't left you.

Take close look at your list of wants up there...
'latest brand new car'
'any gadget'...and so on.

It is noteworthy that you don't mention the usefulness of credit in getting things like a mortgage. Or starting a small (or big) business. Or furthering your education. And stuff like that. Interesting.

You don't "have to have sleepless night because of any debt"? Only as long as you are meeting your scheduled repayments. Default on those payments and you'll get to know what insomnia really is.

Why did you bring the other candidate into this discussion? This isn't about him. Stay on point!

goggle48:
Pls.am not here for joke,this shows no plan for the country so make we go dey borrow money nd no jobs.i pray our vote counts.

he’s not talking about job here,he’s basically talking of how to reduce corruption

when u have enough to sort your bills n u can always pay later u will never think of stealing at work or bribery

Just imagine u need urgent 100k n it’s very important to get it,if there’s availability of credit facility u can always approach credit facilitators n get d cash but imagine in a situation u can’t access credit anyone who gives u an offer of corruption u will surely go for it

What it means is that if u have many options to solve your problem u won’t think of stealing

I hope I made sense

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.

It is system that stops corruption. If you implement a proper system and consequences for corruption, it will be reduced drastically.

ibechris:
I am ex banker,u don't say this any where.

How can giving out credit solves the problem of corruption in Nigeria?
The last one CBN paid out has not been collected back even when they threatened to arrest the debtors because of the same corruption in the system.

A beg make una dey analyse things before speaking out.

He didn't say solution to corruption but cause someone people steal since they can't get little money to meet their needs

omowolewa:
Even debtors are not paying, is that not corruption?

Ask LAPO

if debtors are not paying back,isnt that the fault of lapo and other creditors?why is it not secured with the appropriate collateral?

djseanjohn77:
When you have never experienced or enjoyed one.....Since I left Naija, I have access to credit facilities, i could get the latest brand new car within my means, I could buy any gadget I so desire....and does not have to have sleepless nights because of any debt. But your myopic brain and blind support for Obituary will not make you reason well.

Many are debtors today because they hustle and get loan to finance school fees, feeding, parties, businesses with higher risk etc

Good, and what enables you to qualify for the loan to begin with ? Joblessness? Your access to credit loans depends on your credit score and that is also determined by your take home pay! There are literally no jobs in Nigeria so please don’t ever compare these two situations!

hakeemhakeem:
This is the kind of stuff people in diaspora benefits that makes life easier for them. Buying things with ease through the scheme,i knew a guy that relocated to UK he opened a student account while in school 4 years later.at the middle of the night ,yes at night I applied for a loan to buy his first house .we all know no naija banks would do that.

How much is the guy's monthly salary? This is the aspect you will always be silent about. The accountant general of the federation stole N80b, was it lack of credit facilities that made him steal that much?

I just needed to show you that you are dull and your education is almost a waste

So what do you say about those having bug salaries (relative to the general Nigerian structure) who still steal and cut corners?

Guy, corruption is first a product of mindset. The average Nigerian wants to cut corners and gain an unfair advantage. You can widen the tax gap for all you want to, but corrupt people will still find a way to do their father's business.

The idea is good, but won't hold water where the people need a rethink.

Start from your big business friends who cut corners to gain unfair advantage for their business.

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.

Employ for peanut? It is not about the government employing. The government must provide security and electricity with proper labor laws to protect employers from turning employees to slaves....The government must also have a reliable CBN governor that can implement policies to ensure low inflation so the ppl can afford basic life.