₦airaland Forum

blackboy:
Borrow or sell crude oil for naira. PBAT if I am not mistaken and his smart boys from Lagos at CBN are borrowing but we have not seen any positive results. Check Russia out. The sell oil for their local currency Rubbles and their economy and currency has gained great value since.

DeLaRue:
It didn't take you long to try and turn this into a tribe thing.

phantom:
The difference? Obi actually has a plan! Tinubu is clueless as fuk. I would be surprised if Tinubu actually wipes his ass himself.

Obi is sure as a frugal money manager that he could have borrowed 15 billion dollars, for instance to DEFEND THE NAIRA , KNOWING FULLY WELL, that the resultant currency appreciation, IF CHANNELLED TO THE APPROPRIATE SECTORS could give the economy the much needed "bolus of glucose" it needs to return 150 billion dollars back.

It's all about having a plan! Obi has always been about BORROW TO CHANNEL TO THE REAL PRODUCTIVE SECTORS AND NOT TO CONSUME BY spending recklessly on cars, yachts and private jets..

If I have a business that I know if I put in $2 will return $6.. why won't I borrow to put into it if I don't have the initial funding for it?

Don't forget! Obi is a business man! He is a billionaire from wholesale and retail... you think he doesn't know a thing or two about money management? You call him container economist but THAT IS EXACTLY WHAT WE NEED TO DIG US OUT OF THIS MESS.

mrvitalis:
Loans to countries most times carry zero interest for 10 years.. Smile

Do a little research before you condem sir

mrvitalis:
Ok Do you have any facts to back it up?

nairalanda1:
So, because I said that we need to make hard choices, therefore I support the corruption of oiur useless leaders.?

Oga, get out of my sight.

stagger:
Borrow money to defend the currency. Imagine!

stuffs2002:
Is Nnamdi Azikiwe Yoruba?
Is Nzougwu Yoruba?
Is Aguyi Ironsi Yoruba?
Is Ojukwu Yoruba?
Is Simon Ekpa Yoruba?
Is Nnamdi Kanu Yoruba?


For the records, I am not Yoruba but all the above people ran dow Nigeria and they are not Yoruba

sparko1:
From where? World bank? Except for grant for natural destaster or something like that, all loan has interest, maybe low but there's an interest on it.

We are still paying some load collected during Obasanjo tenure, interest free?🙄🙄

jayce232:
What kind of hard choices do u think u are making without your leaders being part of it?? Why are they not cutting down cost of governance since we all need to make hard choices for a better Nigeria?? You must be really dumb to think those leaders care about u!

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 !

stuffs2002:
Go back to your mkporu mirri. I don't have time for retards.

merits:
That is how you people talk when you reach Aso villa you will started doing different things useless set of people

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

nairalanda1:
Hmm, this one has been rejected by his succubus concubine.

nairalanda1:
Well, that does not justify the mistakes APC is making right now.

Rochasstatue:
This is why I fear you obidients.
You are gullible.
Easily deceived.
Brainless.
Read what you wrote again and if you have A\C in your house, cut the wire, plug it, switch it on and put the cut part into your mouth.

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

epainos:
Village B that built price, cassava, shoe, mills will carry their products on their heads to hawk in the street because their is no good road and standardized marketplace. Right? Thisnis what is happening in Nigeria. Infrastructure like storage facilities, good road to move products, and close by marketplaces aren't there. Go ask farmers the percentage of harvests that get spoilt. And you will use bicycles and bikes to deliver the goods you produced to your customers because of no good road.

Infrastructure must be in place first that aids the marketplace. Leave the rest and see how investors pump in. Do you know how many farm villages were built in Nigeria and are no longer used because farmers were unable to cope due to a poor road network?

China built all infrastructure first before other things. The dame with south Korea. By now, Lagos should have demolished all buildings on the mainland and erected at least 30 levels of skyscrapers in Ebute Meta, Yaba, Ikorodu Road, Ikeja, Ogba, and even Agege. Do that and see if Lagos does not generate 10 times the GDP it currently generates.

richiemcgold:
.. 🤔
Buhari borrowed and we condemned him for that.

Tinubu is currently borrowing and we're also condemning him for it.

.. now Obi says he too would've borrowed.

This simply means that Nigeria is a VERY POOR COUNTRY (although the country is massively endowed with valuable resources).

Ready2speak:
But Mr poster, you played the devils advocate here by playing a half video that did not capture all he said. You should know that's criminal misrepresentation in journalism.
You did it on purpose to push a wrong narrative and present the man as lacking in ideas and knowledge. That's criminal. If he is the troublesome time and he gets hold of this your half truth, you know what the outcome should be.
Better be careful as there may be people here who are close to him and you could be sued for criminal misrepresentation.
They don't catch cruise with everything as the video is in the public space and for you to cut it so as to achieve your intentions and purposes may land you in big trouble.

PHIPEX:
Not Infrastructure but Profitable Infrastructure. White elephant project is also Infrastructure but useless.

Compare 3rd mainland bridge vs Daura Train project. One is profitable another is useless.

mrvitalis:
Before the money was given what road did they use to go buy things

Akwa ibom and aba is a perfect example

Abia had the worse roads, Akwa ibom had the best infrastructure yet goes to Aba through the bad road to buy goods

I am not saying infrastructure is bad, no
I am saying borrowing money to build infrastructure is foolish

Taking your kids to vacation is not bad
But using your capital to do that is foolish

How hard can this be

epainos:
You obviously need to study the relationship between urban planning and economics. They go together. Akwa Ibom you have mentioned are suffering seriously and the rate of growth there is so small. This is Lagos is still ahead. Lagos is ahead of Onitsha too because of this reason. Still you don't see it? Lol. This is why south east will not be prosperous as it should be. Put infrastructure in that Akwa Ibom (SS) and in most SE states and you will see how they will compete with Lagos.

If you have to borrow to put infrastructure there, you better do it. The only problem is corruption.

mrvitalis:
Why is the rate of growth slow despite having all the infrastructure

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

stagger:
Borrow money to defend the currency. Imagine!

ThatNaijaNigger:
Na Me be OP. I go too appreciate am if una fit Subscribe to my YouTube channel make I see food chop🙏🏽
Thank you.