₦airaland Forum

abbey621:
Which salaries Tinubu dey owe?

His record of owing pensioners below and those of south west states that do ishakólé to his bullion vans?
Add to that the non employment of workers to do everything LASG and its 20 LGAs are supposed to do in education. roads, water, sanitation, fire brigade services etc.

who post this link? why you do am now?

anonimi:
His record of owing pensioners below and those of south west states that do ishakólé to his bullion vans?
Add to that the non employment of workers to do everything LASG and its 20 LGAs are supposed to do in education. roads, water, sanitation, fire brigade services etc.

You're spewing nonsense! Tinubu has not held public office since 2007, which salaries was he owing in 2007?

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.

I'm very sure u have no econy knowledge of what ure criticising, u just want like and share from ur co IPOB.

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

Linus MBA.. You de ogbomosho, no reasonable Nigeria in diaspora will support this, even in oyinbo land, it is only those that are gainful employ that can now decide to go on loan not jobless people

in the 1980s, the economy was not as good either, but corruption was not strong as it is now. go to any small government office, these people dey collect side money to do all sorts of things. that's why they can afford many things quickly. so na greed !

ufotunang:
It's bad goverance, bad and hard economy... a bad and harsh economy where there is poverty ,hunger ,hardship, unemployment, high costs of food stuffs, inflation, high costs of living ...makes people to be desperate for money to survive the hard and harsh economy...and when people are desperate for money it will lead many people to be corrupt and go into corrupt practices into to survive the hard economy ....and for those rich men and politcians that are corrupt it's selfishness, greediness, living a flamboyant and luxurious expensive lifestyle above their income and salary and acquiring materialistic things makes them to be corrupt

anonimi:
Please can you share this statistics source. Thanks

It's just common sense, look at the top employers in private sector, the highest employs less than 20,000

https://www.legit.ng/business-economy/economy/1446251-microfinance-bank-beats-dangote-list-largest-employer-labour-nigeria-2021-revealed/

The total number of full time civil servants in Nigeria is about 500,000, do the math!

BATified2023:
hate has blocked your sense of reasoning

The developed countries u hail run on this system n only few of them are available in Nigeria only for few rich,in advanced world u don’t have to lose sleep because u want a house or a car

I bet u don’t even know dr sid will pay for his house for complete 25 years?

Just imagine that convenience of purchasing things,it translates to the fact that u don’t have to steal to buy car,house or anything u desire

Many people we accuse of corruption,check what they use the money for n u will realize he’s right

That man charging u high n unnecessary in his office,check him well he might b building house,planning to buy car,paying children school fees n co but once things are in place u can borrow 10 million n pay it for long

With that 10 million u will have reasonable businesses to do to generate money

What I expect u to raise is data base that will enable that but ur hate is not making u think deep

A good data base where every citizen can b traced easily will enable this

Can you identify the hate u referring to? Meanwhile, you haven't answered the questions.

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?

Currently, most countries like Canada and the USA has million job vacancies with no one to fill in. :
where is your proof??

Davidganna10:
This is because you're gainfully employed, you can't compare the employment rate with developed country you recide with Nigeria. Currently, most countries like Canada and the USA has million job vacancies with no one to fill in. Can you compare that with Nigeria?

It is in this same platform we see people come asking for a way to default on their loan payments from loan sharks, how can this work in a society where the Citenzen have phobia for paying back loans?

he makes a good point but will he punish corrupt people?

Tejuri:
Look at all the insults this man is getting for making an intelligent point. SMH. This goes to prove lots of people are not very objective and do not even deserve good leaders. Even if you hate the man, you can’t appreciate when he says something sensible too? What a pity.

DeleTaller:
If you know that you can get capital to start a business, car and house mougage via a friendly loan facilities and pay back with a friendly interest that covers with long rage to sustain your business in the market place....Then why would you think of stealing or take a bribe?

1. What is the cause of corruption in Nigeria?

2. Is it lack of loan to start business, build house and buy car that made the accountant general of the federation to steal 80billion naira?

27Pushing30:
Tinubu answered your question in the video

Our “full payment upfront mentality naim dey cause corruption”

How does that cause corruption?

Is that what made the accountant general to steat 80billion naira?

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

Why do you collect loans to actualize your business idea?

Is it only the employee people that should have access to credit facilities?

People with feasible business proposals should have access to credit facilities.

Hate and petty sentiment will murder you.

BolaKash'23

I wrote about this few years ago, Singapore and Dubai was developed through credit facilities
Government need to authorize banks to give credit at will and ready to buy back bad loans without questioning lenders
That is the only area Emefiele really tried,it’s easy to get loan from banks more than ever

RealTalkNoBull:
You’ve lived in a 3rd world country all your life, so it won’t make sense explaining it to you. Go ahead and vote Peter Obi and his phantom numbers. It’s people that collect advice from mad people that truly fit you guys in that country.

You haven't answered the questions.

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

What is the cause of corruption in Nigeria?

abbey621:
It's just common sense, look at the top employers in private sector, the highest employs less than 20,000

https://www.legit.ng/business-economy/economy/1446251-microfinance-bank-beats-dangote-list-largest-employer-labour-nigeria-2021-revealed/

The total number of full time civil servants in Nigeria is about 500,000, do the math!

I guess that you don't consider those working on farms and artisan workshops plus other informal establishments as employed since they don't have much to do with PENCOM, the source of the newspaper report you shared.

anonimi:
I guess that you don't consider those working on farms and artisan workshops plus other informal establishments as employed since they don't have much to do with PENCOM, the source of the newspaper report you shared.

Let's even indulge your own perspective, which farm or artisan workshop employs close to 500,000 people? You see say my point still remains, the government is the largest employer in the nation.

IgOga:
Now that is a real solution....not quoting outdated statistics of other nations.....the credit system is what makes western nations attractive....remove it and it will be just like present day Nigeria.....

As long at the institutions are robust to make it work Nigerians may finally see the joy of living

Western Nations have minimum wages unlike Nigeria

lexy2014:
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?

[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

to understand what Tinubu said here.

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.

Loads of Nigeria's politicians who borrowed credit from the banks never paid back.
Is that not corruption?

Tinubu has no clue.

Arelyn:
Thankfully, you and I agree there is a possibility and I know it was there many years back but the banks are their for profit as they are privately owned, so their interest rates are high... I know of these not for profit organisations such as the building societies and credit unions in UK and Ireland established by individuals bonded by similar interest and partly subsidized by Government to ensure the delivery of these credit facilities at a competitive rate better than that of the bank's rate...We have cooperative societies in Nigeria that are doing exactly the same thing but they are only member funded and they provide credit facility like mortgages and the likes

Yeah, the major problem is the system, curruption has to be tackled first. all we need is effective monitoring system.

so it is still greed to spend on expensive things
i know people wey go tell you they are poor, but if you see the phones they use, they spend upwards of 50k on it. me I no fit spend more than 5k on phone.

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

look the chinese are very smart and hardworking. the reason china boom is because they have all the facilities already but they no advertise am for the world. they make tractors, how many nigerians make tractors?? they make machinery for many things even before they become capital economy, how many nigerians make local machinery without imports?

descarado:
That is absolutely a hogwash.
You access credit facility when you are employed and has way of paying in the West.
If you fail to meet up, you will be penalised. More problem for you.
In Nigeria, where is the work?
Millions are unemployed.
You don't take the cart before the horse but that's what he is doing already.
As long as production and exportation remain zero in Nigeria, a dollar will become 1k very soon. Simple basic economics.

China was nothing 30 yrs ago.
We still boast, we don't want made in China but the same made in China has made them the world's second economy.
What do you produce, nothing.
Even aba people that are producing, ethnic hatred stiffled their growth from the centre.

Nigeria is number one globally in throwing lavish party. We waste more than we make.
You are giving out loans to people that is not captured on database?

If you are part of his team, tell them to write better proposals for him as this is a total f.

Each state has strength, he should capitalise on that. That is the message he should be sending. Message of hope and excitement.

That is why obi is gaining momentum.
For the first time, the poor people in the North felt they are part of the system and are eager to work even though they are not educated.
The world has more nonskilled workers than skilled workers.
Give them hope not coming every 4 years to use them under the disguise of religion after bribing They are tired. As long as those in power continue to practice politics of exclusion, Nigeria will never get better rather it will be worst. No country has ever progressed with that. Just a matter of time for the masses to come for the elite. Uprising starts any day and Nigeria is not immune to it. It take just one little nudge

Dust your sociology and psychology textbooks and read. It's no miracle. That's how the developed countries emerged.

wetin he say? you know ahmed datti used to work at the NSPMC? the mint wey dey print money for central bank, and after the man fit build quack university and quack hospital

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

What is this one talking about He thought nah bullion van topic we dey discuss here

violate any traffic law in lagos, na 40k fine be dat

aviara:
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.

Thanks for the explanation

9gerian:
For instance, buying a house will not require you to pay have and pay the whole cash but take a mortgage based on your credit history. Same for car, education etc.

Then the gap between the rich and the poor will be non-existent because everyone is able to enjoy the same things largely. So whether you took your car on credit or bought it with cash everyone gets the access to own a car, so no big deal except in the type of car. Then people who are not thieves will not need to steal out of pressure to survive or enjoy the good things of life.

Hope you gerrit now.

frog12:
he makes a good point but will he punish corrupt people?

Peter Obi has vividly stated that he's not going to punish past corrupt politicians. What saith thou?

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

What is the cause of corruption in Nigeria?

When a man has financial obligations to meet that is beyond his capacity, he has three options, beg, borrow or steal.

IbeOkehie:
Reducing interest rates will make the naira lose value and most Nigerians don't like that.

How? Can you kindly explain it to me like primary school students.

If I may guess, does having access to funds depreciate country currency?