₦airaland Forum

mrvitalis:
Everyone knows that's the only solution
Obi said he would borrow 12 billion dollars that he had the connections

The Koko is what you use the borrowed money to do

APC from Buhari to Tinubu now keep borrowing to build infrastructure with the hope that the infrastructure would kick start development

Not only are the infrastructure over inflated they are sighted wrongly so can't even breakeven

So they just increase our debt service, increase recurrent expenditure and have absolutely no increase in revenue

Obi solution is to borrow money

Give it to the people, support business especially in export potential business and import substitutes

1) you create employment
2) you boost revenue, as this businesses come for the needed loan you capture them into the tax net
3) you don't increase debt service per say as the people would pay back the loan

This can kick start a chain of events that kick start the economy

OBi and Tinubu are not the same

Inosky:
Why not fight corruption, the recover the stolen money of the past administration and use it to defend Naira? This is where I live Sowore.
I'm disappointed with Peter Obi's statement here.
Though I know he's prudent with money and good I'm saving.

ayindejimmy:
APC are fools . You're building infrastructure for people you made hungry.

Yesterday, just after 3pm ,on th link bridge from Jakande estate to Isheri while in a Keke I sighted two Aboki boys trying to remove the metal covering the drainage. The Keke was moving so fast the rider couldn't stop.

Most of the metal on that bridge had already been removed we read news of people cutting electric cables . The masses priorty is food, health, shelter, clothing and education.

That's what a responsible Govt should face

Pootle:
oga na obi go use em hand share the money...see his measure wont work still not until nigerians are ready to change, give out loan they default in payment or the funds are even embezzled. the main problem is us

unavailablecity:
ABSOLUTE NONSENSE THIS WILL ONLY HELP THE IMPORTERS MORE AND MAJORITIES ARE IGBOS.. So where is the production bla bla bla ? RUBBISH

mrvitalis:
The same region Toping you on health, education and every developmental index

Yet they are dumb n you are smart

mrvitalis:
I simplified that part it's a very complex process and not to individual per say but businesses

Say take pharmaceutical industry for example

You call Top 25 industry players...ask them

1) what do you import that you can produce here if money is not an issue and how much it would cost

2) what would it take for you to become a net exporter of drugs across say west Africa

They list their demands

You agree with them and banks

2 billion dollars made available to banks at 2 percent interest rate for 15 years first 5 years zero interest and zero repayment

Banks. Loan to this companies at not more than 10% interest with first 5 years zero payment


B) you think those companies that left Nigeria would leave if you offered them 100 million dollars 2% intense rate for 10 years with first 5 years no payment in exchange for more sourcing of materials locally?

Bros what you don't know is bigger than you
Developmental economics is no joke

sparko1:
Read your statement, you want to give a company 100 million dollars with zero interest for 5 years, who will give you the money when they know your tenure only last for 4 years?

World bank won't give you money to finance private enterprises, never, you can verify this as your boss will say.

Borrowing always comes with conditions, like China, they borrow you money, you engage their company in the construction, there's nothing like interest free loan anywhere, wake up.

The example you gave sounds lame, we already produce most of some drugs but the competition from fake peddlers won't let it flourish.

The only venture Worth investing in is agriculture.

stuffs2002:
Health: Na una people get high BP pass for Nigeria. Na una people get mad people pass for Nigeria

Education: Since when are miracle centres a yardstick for educational advancement. No wonder Mmesoma became a celebrity in her region after faking her JAMB scores

Apart from dancing gwo gwo gwo ngwo, what are south east governors doing to develop their people.

mrvitalis:
Bros this is way above your intellectual capacity

This is advanced developmental economics

Not a single soul in Tinubu team. Or Buhari team is a developmental economics

mrvitalis:
Oga I'm talking about loans to business that get loans abroad and from banks

So you think Emzor would default on loans?
Or juhel?

mrvitalis:
What index do you want to use to measure education and health performance oga

Choose the index let's compare

HedgesTV:

https://www.youtube.com/watch?v=5GBNjnINAG0

Peter Obi had an interview with Arise news and he shared his thoughts on the nation and also gave his opinion on what he would’ve done to defend the Naira after devaluation.

This clip had mixed reactions from people as some agreed with him and some people didn’t think it is a wise move.

Full video above !

mrvitalis:
Juhel pharmacy
Orange drugs
Tiger foods
International brewery
Innoson motors

Just the few

Obi ideology is fundamentally different from APC, APC believes so much in legacy projects

Obi believes in human capital development even as a private individual

mrvitalis:
Every successful economy started with infrastructure? That's a big lie

Lets take a look at China they started by educating their people, funding local businesses before building infrastructure

You don't grow an economy by using borrowed money to build infrastructure

In fact let's take two village

Village A

Gets 20 billion... Use it to build all the roads, build school, hospitals and markets

Village B

Gets 20 billion, doesn't do any infrastructure projects..but . Support it's people to

Build a cassava processing plants
Pall oil processing plants
Rice mills
Shoe factory
And many other businesses


After 10 years which village would be better off answer sincerely

yoruboid:
Nigeria dodged a bullet

This man is d@ft and bereft of ideas

Kobojunkie:
Peter Obi would have devalued the Naira as Cardoso had done and then borrowed money -- taking even from the foreign reserves --to shore it up like Cardoso had also done?

sammytovic:
The fact is you can't rule one out of the two instances you gave, they work together. If there is no infrastructure, how would they transport goods produced, that can even lead to minimal profits making it to succumb to low production in long term. Like I said both instances are very important but i think the instance on infrastructure is more sustainable in long term.

sammytovic:
The fact is you can't rule one out of the two instances you gave, they work together. If there is no infrastructure, how would they transport goods produced, that can even lead to minimal profits making it to succumb to low production in long term. Like I said both instances are very important but i think the instance on infrastructure is more sustainable in long term.

pquaver:
Small small with Ur ließ.. sometimes are dont know If u think people are children..remove orange drugs and innoson from that Ur list jare ..No na U for kuku add dangote and ibeto

ShogunNoName:
The thing wrong with the Yoruba is obvious. they do not like truth. They are focused and tribalism and anti progressive. They are our collective problem. Check history

CodeTemplarr:
This man is extremely deluded.

stuffs2002:
Abeg getat

IIGB0S are the most executed tribe on the planet. Go to all these Asian countries and you will find loads of IIGB0S in jails awaiting their execution dates or serving heavy jail times for drugs

nairalanda1:
Well, if the Obi government borrowed dollars to give emzor and juhel loans, they would have to make enough profit to pay back the loans, which means that drugs they make go up in price.

And people will start calling obi a bad man.