IfnobeGod20:

Are you aware that Lagos has not lived to the bidding of a viable state. Of all states in Nigeria, Lagos is the most indebted state and monthly they generated up to 50B naira. Join that to monthly federal allocation. By now, if truly Lagos had been making judicious use of the monies, the state should have turned to Dubai.
If the monies that had accrued to Lagos since 1999 had found its way into the hands of leaders that had turned the fortune of Dubai around, Lagos would have turned to another heaven on earth.
Every viable economy in the world doesn't joke with tax drive. Parking your car in a public slot, you will be bill for it. The house you built for years, you will yearly or monthly pay tax on it. So tax drive is one of the ways that developed countries survive.
The problem with Nigeria which Lagos also belong is waste. So many conduit pipe and we are not ready to learn and turn a new leave. Until we redefine our governance and stop unnecessary wastage, before the nation can be redefine. If you like give loan of millions to people, failure will surely follow because no enabling environment. The good you bought today by tomorrow the price has changed and your salary is fixed. How would people cope and how would business survive?
So in a nutshell, enabling environment and equal or redistribution of wealth can only bring survival and lessen corruption.
Tinubu is just saying nonsense. People that are thinking for him are no more with him the way they were between 1999-2005. Those crop of people are the one doing the job but him taking the glory because he was the governor then. Without those people, he has been saying nonsense and giving incoherent submission.

You're a very funny man, I like you. You do remember that debt is the cheapest form of finance, right? Borrow money at say 10% interest to invest in infrastructure, business that will bring 40%+ return...

As regards Lagos inept or so, Lagos is inept because its neighbors are yet to to take the burdens of providing for 30m Nigerians living in the smallest state's needs off of it. For example, if instead of Apapa being the most functional port, Akwa Ibom, Rivers and Ondo state are able to share that burden with Lagos, you think Lagos wouldn't have started focusing on its own destiny and turned to Dubai as you call it?

Another example: should LASG turn Agege, Oshodi, the Mainland to Island-standard, prices of house will skyrocket, how will the average hustling Nigerian coming to live the Lagos dream afford the rent?

These and many more factors are the things the LASG has thought about and strategized before taking their actions.

frog12:
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?

You get the facilities as you progress. You manufacture some as the need arises. You patronize made in Nigerian products instead of calling them fake.
But, the entitled ones will never allow that happen because we are guzzling oil money.
Oil is supposed to be state affair not federal govt.
We all know what to do

And yes, don't ask how many Nigerian make. Join and make. The ones made,patronise them to advance more if you can't make.
All the things you use are products of failed trials over the years from so many countries.

When it comes to corruption, this man should just keep quiet!

frog12:
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 !

.. during the 1980/1990 ...the economy was good..youths and nigerians had jobs to do.. the rate of unemployment was not high, price of food stuffs was cheap, poverty was low, no much hunger, government schools was of high quality... Nigerians were attending government schools, good quality health care and hospitals.. many rich nigerians and politcians at that time do not travel to abroad for medical treatment, naira was strong compare to the dollars...10 naira for a dollar, price of fuel, disel, kerosene, gas cheap...and because of all of this that was why corruption was low and crime and insecurity was low due to the good economy

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.

How do you create credit facility when there’s no job assurance?? How do you expect people to pay their debts when there is no job at all?

NIGERIAN YOUTHS GET GOOD FINANCIAL EDUCATION ONLINE AND DONT RELY ON POLITICIANS FOR YOUR FINANCIAL SUCCESS

https://www.youtube.com/watch?v=kcW4ABcY3zI

lexy2014:


How does that cause corruption?

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

Yes it is.

27Pushing30:


Yes it is.

How?

DeleTaller:


Is it lack of loan that made Obi got himself involved a 250million found in his car?

Even in America that have access to loan still do shady things but that does not mean its not a good idea for a good system. Let the government put the necessary facilities in place for her citizens to benefit and access then whoever that is found guilty would be punished. People make excuse and blame government because Nigeria government has been failing us since 1960. Let the government do what is right and fraud will go down automatically. I don't know how to explain to you but any child you feed properly has no cause to steal from the pot, if such child found in such mess then there is need for punishment, but first of all you must be responsible to feed your child first.

You haven't answered my question.

Is it lack of loan that made farouk Lawan to collect $500,000 bribe from Femi otedola that landed him in trouble?

Morphinne:

Bros, thanks for replying but always try to read to understand and not just to reply. From my submission, I said, Poverty was one of the major causes and not the ONLY CAUSE (emphasis was on “one” of the many causes)
Now let’s go back to elementary English. When someone says something is one of many other things, it means that it is not the only thing but just a fragment. So definitely, greed and heartlessness could also be a factor. Mind you, I was very careful with my use of words so that ppl like you don’t use it against me
And back to the issue of credit, do you know that the rate of crime is always directly proportional to poverty level?
The richer the country (I mean per head ratio) , the lesser the rate of financial crimes. In South Korea and Saudi Arabia for instance, you could park your bike outside a store, a park or anywhere without fears of someone stealing it. This is made possible through economic emancipation of these people. They have access to excellent credit system, also the minimum wage in SK is about 1.9 million Won I.e the dirtiest looking worker in South Korea earns 600k naira per month. Now tell, why will such a person want to steal when he’s living comfortably (make we comot greed)

You haven't answered my questions.

Is it poverty or lack of loan that made the accountant general of the federation to steal 80billion naira?

Is it poverty or lack of loan that makes our politicians to steal on a continuous basis?

How did Tinubus daughters acquire two New York apartments costing at least $1million each?

lexy2014:


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?

you don’t have common sense. You keep putting up unnecessary arguments. They’ve answered you with solid explanations yet you choose to remain stupid . Pls get out !

Sometimes Dey apply common sense hah

seanwilliam:
you don’t have common sense. You keep putting up unnecessary arguments. They’ve answered you with solid explanations yet you choose to remain stupid . Pls get out !

Sometimes Dey apply common sense hah

Why haven't you applied common sense to answer the simple 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?

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

Ask LAPO

You are only exhibiting lack of knowledge. Credible credit facilities will make good and services available as you can buy on credit, lease on credit and enjoy services on credit. The credit facilities will cover every area of human endeavours. From, vehicle, house, health, education to electronic gadgets.

Tinubu was not talking about debt trap credit from loan sharks.

Morphinne:

Bros, thanks for replying but always try to read to understand and not just to reply. From my submission, I said, Poverty was one of the major causes and not the ONLY CAUSE (emphasis was on “one” of the many causes)
Now let’s go back to elementary English. When someone says something is one of many other things, it means that it is not the only thing but just a fragment. So definitely, greed and heartlessness could also be a factor. Mind you, I was very careful with my use of words so that ppl like you don’t use it against me
And back to the issue of credit, do you know that the rate of crime is always directly proportional to poverty level?
The richer the country (I mean per head ratio) , the lesser the rate of financial crimes. In South Korea and Saudi Arabia for instance, you could park your bike outside a store, a park or anywhere without fears of someone stealing it. This is made possible through economic emancipation of these people. They have access to excellent credit system, also the minimum wage in SK is about 1.9 million Won I.e the dirtiest looking worker in South Korea earns 600k naira per month. Now tell, why will such a person want to steal when he’s living comfortably (make we comot greed)

pls don’t waste your time in lecturing that mumu . He’ll still not agree to this your write up ,
He’s a Nincompoop..



Btw, I’m impressed

lexy2014:


You haven't answered my question.

Is it lack of loan that made farouk Lawan to collect $500,000 bribe from Femi otedola that landed him in trouble?

If you can read very well, you will realise that I have answered your question .

No.

Insatiable greed and unfettered wickedness of the average Nigerian, coupled with a lack of accountability and our culture of impunity are some of the many causes of corruption in Nigeria.

We simply do not care about our country nor do we care for the next man. He only care for ourselves and maybe just maybe our immediate family. Our leaders are ambitious but for all the wrong reasons, they want power but for all the wrong reasons. These are some of the things that lead to and encourage corruption.

I think people need to read "48 laws of power" and "The prince by Machiavelli" to understand the mindset and the strategy of this man called Tinubu. He is simply playing all of you like fiddles. This latest statement from him is only a means to endear you to him, to make it seem as if he is on the side of the people. From his antecedents in Lagos state over the last 23 years, we can firmly conclude, no he is not.

DeleTaller:


If you can read very well, you will realise that I have answered your question .

If you can read at all, you will see that you didn't answer the question.

Is it lack of loan that made farouk Lawan to collect $500,000 bribe from Femi otedola that landed him in trouble?

Simple yes or no

Really

diadem10:


Will you keep quiet?

Did you even know what Lagos did before they started to generate such revenue as well as supervising several gigantic projects?

Why don't your useless leaders in the south east do the same? You dey mad?

Mr. Man, not everybody that talk about the underdevelopment of Lagos that is an Ibo. This mindset is screwed and you need to change it.
Lagos state did not began from scratch, it already had facial development before the advent of this dispensation. If for 23 years, the state had not turned to Dubai with all the IGR, borrows and the federal accruals to the state, reasonable people need to ask question. The state that is the most indebted state one should see the turnaround the money had effected.
Abusing me from now till tomorrow cannot change the status of Lagos, until we see the status we desired, not all this facial expression that you guys are celebrating.

More like bullion facilities.

Engeniu:


You're a very funny man, I like you. You do remember that debt is the cheapest form of finance, right? Borrow money at say 10% interest to invest in infrastructure, business that will bring 40%+ return...

As regards Lagos inept or so, Lagos is inept because its neighbors are yet to to take the burdens of providing for 30m Nigerians living in the smallest state's needs off of it. For example, if instead of Apapa being the most functional port, Akwa Ibom, Rivers and Ondo state are able to share that burden with Lagos, you think Lagos wouldn't have started focusing on its own destiny and turned to Dubai as you call it?

Another example: should LASG turn Agege, Oshodi, the Mainland to Island-standard, prices of house will skyrocket, how will the average hustling Nigerian coming to live the Lagos dream afford the rent?

These and many more factors are the things the LASG has thought about and strategized before taking their actions.

Let me first correct this your impression. Ports are not under the purview of the state but under the FG. So FG develop and Carter for ports, that's why they call them Nigeria Port Authority.

There is nothing wrong with borrowing money but surprisingly in our clime due to poor economy, borrowing to finance business or project can sometimes be a burden than a blessing. As at today many companies that borrowed to finance their enterprises are unable to meet up with repayment, why? Because of economy summersault.

On the issue of non-functional ports in other states, it is due to government policy and not because those states doesn't want to make them functional. It's just government policy.

Borrowing will only be a blessing when there is a good or enabling environment where basic things that suppose to be provided by government are provided. Such as light, good roads, security and other basics. But you will agree with me that citizens provide virtually all these things by themselves.

When the economy is buoyant and functional with equal distribution of wealth, people will be able to afford their basic need and rent houses wherever they wanted. The inequality in wealth distribution is what is causing different issues we are experiencing in the country.

Credit facilities like his two bullion vans filled with money....is lack of credit facilities why they are corrupt?

rusher14:


Debt isn't the measure of an economy, else America would be nothing.

In addition, you are just going round in cricles to find something with what he said and Tinubu in general.

Lagos is thriving. You can have an idyllic projection of what Lagos should look like but Lagos is thriving.

Go to Warri and even Port Harcourt to see what a dormant economy is.

People aren't migrating to those places.
In the 90s all engineers wanted to live and work in Warri and PH but no more.

People go to Lagos with nary a farthen but in 5 -10 years, they go home to build a mansion.

Also, claiming all the intelligent people have left Tinubu is the most jejune of statements.

People come and go.

After Newton, there have been scientists.

Did you know of Ambode before he was made governor?

What of Sanwo-Olu?

What of Osinbajo?

After Maradona, there's Messi.

Many at times many of you we just come to public forum and be talking without knowing the level of the person replying to his/her comment.
There's need to always put things in perspective rather than grandstanding.

You claimed, debt is not a measure of economy. But I wish to tell you that debt is one of the parameters to measure the viability of a state or country. No financial institution will give loan facility bro any state or country without a viable cushion effect and ability for its repayment either in a short term or long term. America is indebted because they have its cushion effect in reserve. Like the oil that our country can boast of any reserve, America have barrels of it in reserve that are untouched, that in years to come if oil dry in oil producing countries, they will not have any issue. Can that be said of Lagos?
No doubt government policies had favourably favour Lagos in all aspect. Like making Lagos port the sole port for the nation while the rest are now moribund. If by any means some of these industries pull out of Lagos or government make other ports viable and licensed for import, the weight on Lagos will drastically reduced and that will shift wealth to those states.
It's funny you're asking me if I know Ambode, Sanwoolu or Osinbajo. Those of you just following politics yesterday will always think, people are of the same level with you. I am cog sure as at 1999, you were still sucking breast or in primary school.

IfnobeGod20:

Let me first correct this your impression. Ports are not under the purview of the state but under the FG. So FG develop and Carter for ports, that's why they call them Nigeria Port Authority.

There is nothing wrong with borrowing money but surprisingly in our clime due to poor economy, borrowing to finance business or project can sometimes be a burden than a blessing. As at today many companies that borrowed to finance their enterprises are unable to meet up with repayment, why? Because of economy summersault.

On the issue of non-functional ports in other states, it is due to government policy and not because those states doesn't want to make them functional. It's just government policy.

Borrowing will only be a blessing when there is a good or enabling environment where basic things that suppose to be provided by government are provided. Such as light, good roads, security and other basics. But you will agree with me that citizens provide virtually all these things by themselves.

When the economy is buoyant and functional with equal distribution of wealth, people will be able to afford their basic need and rent houses wherever they wanted. The inequality in wealth distribution is what is causing different issues we are experiencing in the country.

Exactly, the FG has the power to make ports not LASG, so that's one of the things Tinubu might want to do in the FG position in order to turn his Lagos to Dubai and not the home for every hustling Nigerian.

There's inequality in wealth distribution, no enabling environment because what is to be used in creating the enabling environment is hijacked by civil servants before anything else. Money to be used to build railways is stolen by civil servants, money to be used in fighting bandits is stolen by the public servants, etc.

So, tackle the cause of the economy-hijacking by civil servants which is caused due to lack of credit facility, no taxes on their big purchases (tax houses, implement capital gain tax,..) and watch as everything else fall in place.

What that man did was to adopt first-principle thinking, conceptualize the problem and solve it from there hence up and I tell you again, if any govt is parading that it'll solve corruption without solving that one problem, we'll forever keep running in circles.

IfnobeGod20:

Many at times many of you we just come to public forum and be talking without knowing the level of the person replying to his/her comment.
There's need to always put things in perspective rather than grandstanding.

You claimed, debt is not a measure of economy. But I wish to tell you that debt is one of the parameters to measure the viability of a state or country. No financial institution will give loan facility bro any state or country without a viable cushion effect and ability for its repayment either in a short term or long term. America is indebted because they have its cushion effect in reserve. Like the oil that our country can boast of any reserve, America have barrels of it in reserve that are untouched, that in years to come if oil dry in oil producing countries, they will not have any issue. Can that be said of Lagos?
No doubt government policies had favourably favour Lagos in all aspect. Like making Lagos port the sole port for the nation while the rest are now moribund. If by any means some of these industries pull out of Lagos or government make other ports viable and licensed for import, the weight on Lagos will drastically reduced and that will shift wealth to those states.
It's funny you're asking me if I know Ambode, Sanwoolu or Osinbajo. Those of you just following politics yesterday will always think, people are of the same level with you. I am cog sure as at 1999, you were still sucking breast or in primary school.

If, if, if.

The banks giving money should have done so with Anambra if it is so easy.

Most of you just love to condemn and i swear, it is borne out of hate.

What is the problem?

You hate Lagos, yet without Lagos Nigeria would be no better than Niger republic.

When people talk about Nigeria, it is Lagos they care about.

You say if, if oil is no longer in demand then US is finished, based on your statement.

lexy2014:


How?

Full payment upfront mentality

27Pushing30:


Full payment upfront mentality

How does that cause corruption?

How is that reason why the accountant general stole 80billion naira?

lexy2014:


How does that cause corruption?

How is that reason why the accountant general stole 80billion naira?

Put on your thinking cap you’ll figure it out.
Hint: Eco101 man by nature is insatiable.

Also try doing critical reasoning tests online from time to time it will help.

27Pushing30:


Put on your thinking cap you’ll figure it out.
Hint: Eco101 man by nature is insatiable.

Also try doing critical reasoning tests online from time to time it will help.

Are you saying that you aren't putting on your thinking cap and haven't done critical reasoning tests online from time to time that's why you can't answer the simple questions?

How does that cause corruption?

How is that reason why the accountant general stole 80billion naira?

lexy2014:


Are you saying that you aren't putting on your thinking cap and haven't done critical reasoning tests online from time to time that's why you can't answer the simple questions?

How does that cause corruption?

How is that reason why the accountant general stole 80billion naira?

If I have to tell you how then there’s no point.

It’s like telling a child not to pick up something that’s touched the floor because that’s for the devil.

We tell kids that because they cannot comprehend the idea of germs, infections and death at that age.

So sorry I can’t tell you. You’re a child

27Pushing30:


If I have to tell you how then there’s no point.

It’s like telling a child not to pick up something that’s touched the floor because that’s for the devil.

We tell kids that because they cannot comprehend the idea of germs, infections and death at that age.

So sorry I can’t tell you. You’re a child

You haven't answered the questions.

Are you saying that you aren't putting on your thinking cap and haven't done critical reasoning tests online from time to time that's why you can't answer the simple questions?

How does that cause corruption?

How is that reason why the accountant general stole 80billion naira?