FixxNigeria23:
Simple question: what could you have done better than Tinubu if you are the one giving 800b from world Bank for subsidy removal palliative.

And he is here talking of corruption in UK and US here and there...

Onidient are just packaging There presidential candidate

PeterObiOnTwitter

RuggedBiafran:
Shut it Abeg

I hate kids analysis, based on shallow reasoning. I won't say more .

FixxNigeria23:
Simple question: what could you have done better than Tinubu if you are the one giving 800b from world Bank for subsidy removal palliative.

And he is here talking of corruption in UK and US here and there...

Onidient are just packaging There presidential candidate

PeterObiOnTwitter

BoldBrainz:
In your apparent impatience to dive in here and create a thread, your dull brain couldn't wait to hear what definitive response he was arriving at with his background narration.

Some of you nairalanders take political opposition to insane heights.

Seeing how you don't like the man, what are you even doing listening to his engagement with his admirers and supporters?

Na so una dey take collect stray bullet because you wan put head across fence to look fight wey no concern you.

Hoelujohn:

Let me help you a bit.

You can’t tell people to endure hardship and be living a rockstar life and buying foreign cars at exorbitant prices. —Peter Obi

You cannot float the Naira when you have not moved the country's economy from consumption to production. You cannot float what you don’t have.” —Peter Obi on floating exchange rates.

In one month I would have set up a powerful economic team full of competent Nigerians to tackle the economic woes"- Peter Obi

The young people have been the greatest loser in this enterprise called today’s Nigeria. I bought my first, second, and third cars as a university student. —Peter Obi
Obi is coming 💯

REDshouse:
floating of naira is the strategy Tinubu is using to balance Forex....

Do u expect Tinubu to declare war on bureau d change abokis ...

sunboy:


I disagree sir! Either you or Obi don’t understand what it take to balance trade of a country’s economy. It won’t happen overnight.

Forex will not and cannot be balanced overnight or within a few weeks, it will take years of investments and public education and entrepreneurial empowerment to build that up… we can’t reply solely on oil and gas. That being said, floating can be done now while work is being done to improve our trade balance. Again, You cannot balance your trade overnight! We can’t start exporting or producing stuff overnight! If Obi has better ways to handle it then he should break it down… he claims to be patriotic anyways.

DodadaKoKigbe:
Peter giringory Obi is a VERY DULL man.

FixxNigeria23:


No matter how you say it, Peter Obi remains a normal Nigerian Politician and nothing more,

Every gibrish he is dishing out there is no even 1% of what other politicians are telling Nigeria

Hoelujohn:

Jagaban even came to learn from the grandmaster himself.

mrvitalis:

Obi said tinubu floating the naira without tackling forex balance is not right and that's the truth

We are all listing too so please stop spread lies

ekineme:
Amebo Neighbor eavesdropping on what is non of his business.

Benwallt:


True because Obi Said so. You remember that Obi studied philosophy, right? He is speaking a priori instead of empirically

mrvitalis:

Lol go look at Zambia oga
Obi was clear, he said he would have devalued the naira to about 600 then invest in the people ... He would borrow money, but zero Kobo would be used for infrastructure or salary... It would be used as credit facilities for Nigerian businesses in import substitution or exportable products

sunboy:


Zambia? Abeg no Dey bring incomparable economy to this kind conversation. Zambia?! Can you imagine lol

Lol floating is effectively devaluing without have to spend money to defend the currency. We don’t have free fx or a favorable balance of trade to be defending devaluing abeg, let’s face the fact, we will still go back to where Buhari left us. He spent 8yrs of his administration defending naira with money that count be used on something else.

Your Oga have effectively said exactly Tinubu is doing, he wants to devalue first then invest in the people later. Still same step, devaluation or floating comes first then investment follows. How’s Tinubu getting called names for doing his own in a similar step??

I don’t care for borrowing money for salary, it’s obsolete but not spending on infrastructure? He’s a joke lol 😂 I rest my case. This is not an import export business, this is a real economy we talking here sir.

mrvitalis:

Remember obi has so many business course, remember obi has ran successful multinational businesses before and sarved in the board of even more...

That aside it's the same as my solution and I don't see any more option... We have borrowed into a corner only borrowing more and a favorable rate and using it as access to credit can get us out now

Benwallt:


It's not a hidden fact the he has loads of experience(s) in the bag when it comes to management but if we are going to be truthful with ourselves. It will take more than fine economic policy to arrest the hydra-headed rot in our country. Nigeria problem is simple, if our politicians and policy makers can just be human for once.

Access to credit you say, credit, another word for money, people are already on ground to loot and mismanage the so called credit. Obi undoubtedly has good intentions but his appointees and his cabinet all can't share the same ideology and patriotic move with him if he is the president .

What I think is that our institutions are too weak. One man is bigger than judiciary, another is bigger than police, another is bigger than the country herself. My point is, what Mr Obi is saying with all his experience still come down to implementation and clear execution.

My brother, we generate enough credit in this country and if at all we going to borrow it should be minimal not the one that our existence now depends on borrowing to survive with all the abundant resources.

mrvitalis:


Zambia was exactly were Nigeria is today... Currency went from one of the worst to best performing currency in Africa... Read bro read


Lol you can't get well then take drugs later

Why treat symptoms when you know u have no cure for root cause

FixxNigeria23:
Simple question: what could you have done better than Tinubu if you are the one giving 800b from world Bank for subsidy removal palliative.

And he is here talking of corruption in UK and US here and there...

Onidient are just packaging There presidential candidate

PeterObiOnTwitter

sunboy:


Again, stop comparing Nigeria economy to Zambia. Stop digesting everything your Oga tells you, copying Zambia economy to replicate in Nigeria Really??

Your boss just agreed to devaluing then fix the balance of trade. I guess that applies to Obi too.

Not everything in life you must wait to first treat root cause first. If root cause treatment will take a long time, again… floating will give temporary effect while the long term root cause is fixed. Obi just suggested same too.

Anything that’s not from Obi is considered bad to you people, and it’s very concerning. And it’s a disservice to your guy honestly.

mrvitalis:

Lmao floating naira ks treating symptoms not core problem

The reason naira is weak is we are not productive enough

His plan borrow more money, use it to kick start production in import substitute products and exportable products

Then devalue the naira

For subsidy he said he believed 50% is corruption he said he would remove the corruption then see how much we need to spend... Then Systamitically remove it gradually

Bro we no vote obi for nothing the man smart

RuggedBiafran:
Did Abacha strangulate aboki, when he pegged the exchange rates? Stop talking as if you are talking with kids on this forum.

TINUBUs economic blue print was based on flawed principles and useless Propaganda. Now that Buhari ruled for 8yrs, why can't you blame him for the rot in the Nation? Will you still call PDP?

You guys have already failed woefully..spits

REDshouse:
you can't peg anything, you need to look at your foreign reserve before pegging any forex, there are so many determinants that determine price of forex... Y did china or Germany or other countries not peg forex to what suit them,

Forex is a commodity like bread or cement, the major determinant is demand and supply...

Scarcity and availability of dollars determine the price at which it will sell for in the open market, what government was doing before is like subsidizing dollars at whatever CBN rate, our foreign reserve keep depleting every now and then all to cushion the effect of dollar volatility which is not good for our economy,

Floating dollars help everyone to buy dollar in the real time at the right price without any government interference... If u can stock up enough dollars in your account you can decide to sell at any price you like as far as u have a ready buyer that can buy at your rate...

RuggedBiafran:
Jargons and that is why being educated is really is different from Commonsense.

When Abacha was bleeding the Nation dry and exporting humongous amounts of money to various offshore accounts. He stabilized the Naira and pegged it at a reasonable amount. Directly, market forces where affected and immediately the Naira gained Value.!..BUREAU DE CHANGE became a useless venture. Immediately Obasanjo came in, he reversed all Abachas policies and brought instant 29% inflation with his actions then.

Tinubu is not doing anything to better any economy. He is just pandering to the WEST to gain legitimacy. He needs it badly because he knows he is illegitimate.

I ask, why will he remove Subsidy, without palliatives? Now he is talking palliatives because even people from his camp are crying? Save the sermons, tinubu is a total disgrace to leadership..

REDshouse:


Floating naira will encourage foreign and local investors to produce locally within the country .. you don't expect instant result from such policy, you need investors to have confidence in your policy and governance and that is exactly what is happening .

FG don't have to build factories and industries because it will end up fraudulent like the Nigerian Airways all FG needs to do is remove all bottlenecks that is hindering private and local investors in investing in the country, by ways of creating enabling environment in a densely competitive environment like Nigeria..

REDshouse:


Your Hatred for Tinubu is more reason u are antagonizing the policy, we are not talking subsidy and palliatives here but floating of Naira and it's effect on Nigeria Economy,

These are pure economic issues that needs understanding...

Abacha pegging Naira was because there was steady price of oil in the international market and which Nigeria also contributes to it, Nigeria was making more money from it and all through those years there was ban from many international community like Us and European countries.. so in the real sense we are not exporting or importing much so there was a stagnation for those years until democracy came and the economy was liberated. Also note that during those period mostrefineries were function meaning we produce here and govt decides to sell petrol at any rate not at international rate ...

And Military rule is not democracy....more consultation and dialogue is needed in democracy than Military govt

FixxNigeria23:
Simple question: what could you have done better than Tinubu if you are the one giving 800b from world Bank for subsidy removal palliative.

And he is here talking of corruption in UK and US here and there...

Onidient are just packaging There presidential candidate

PeterObiOnTwitter

Qadaffi2idiamin:
Go and masturbate by your wife's side no be for Peter Obi space.

Abi your prick no dey tire to stand ontop Peter matter?

FixxNigeria23:


Bunkum

FixxNigeria23:


Yes, I followed up and he didn't answer the question raised,

Peter Obi is talking out of line

Hoelujohn:

Jagaban even came to learn from the grandmaster himself.

Occurstaem:

That's what he always does. He is an expert in talking out of line.


There's no buzz about what went down in the aftermath of that Twitter space from his followers. I guess they were disappointed by what they heard from him.