₦airaland Forum

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.

Self chosen special adviser to Obi! Writing as if Obi gave you a blueprint. The audacity is funny.

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

You are trying so hard to spin the dull statement you just viewed and listen to from Peter Obi.

Are you certain what you put up here is same as the nonsense the man spewed

yoruboid:
Nigeria dodged a bullet

This man is d@ft and bereft of ideas

I thought by now most of you would have buried your faces in shame but no, a condemned soul can never repent....

Tinubu said Buhari is the best for the country, he turned out to be a failure, the same Tinubu cunningly came again to say that he himself is now the best , yet useless and Brian dead folks voted for him....

The same Tinubu who supported a failure is now worst than the failure and you have the guts to say that Nigerians dodged what

Tell me another suffering any other President can give Nigerians if not the one that started from 2015 supported by Tinubu?

Peter Obi has said he will borrow, didn't Buhari borrow or Tinubu now borrowing

But Peter Obi has not told you how the money he borrowed will be used , and now you are saying you dodged a bullet ...lols

What are you doing with the bomb T-pain is throwing at you

NEIGHBOUR:
Self chosen special adviser to Obi! Writing as if Obi gave you a blueprint. The audacity is funny.

Fk off if you can't contribute like a human being with a brain.

adioolayi:
You are trying so hard to spin the dull statement you just viewed and listen to from Peter Obi.

Are you certain what you put up here is same as the nonsense the man spewed

The video can't sum up man's view obi has been consistent from day one about how to run his economy

Since 2019

Masterito:
What matters is who is very corrupt to steal the money or use the borrowed money wisely.

Cheif, the main thieves are the civil servants in the government. They are responsible for major corruption and compliance with corrupt politicians.

It will be impossible for PO to avoid stealing without a complete overhaul of the Nigerian judiciary and civil services. The collapse in government and governance has made NNPC, customs, and MDAs inefficient.

I don’t trust Peter Obi. He would not have emerged the candidate of LP if he wasn’t corrupt. As long as the party is corrupt dont trust the candidate

Lol, what governors and ministers or president, house of assembly steals is way more

sulaak:
Cheif, the main thieves are the civil servants in the government. They are responsible for major corruption and compliance with corrupt politicians.

It will be impossible for PO to avoid stealing without a complete overhaul of the Nigerian judiciary and civil services. The collapse in government and governance has made NNPC, customs, and MDAs inefficient.

mrvitalis:
Did I say you would not do infrastructure?. Which country developed by building infrastructure with borrowed money

Unfortunately, the dumbfu*k you are defending does not believe infrastructure drives economic development.

https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.pulse.ng/news/local/peter-obi-to-buhari-you-cant-use-infrastructure-to-improve-the-economy/njcr2hz&ved=2ahUKEwis4t7N9YiJAxXZW0EAHUSIPCgQFnoECBgQAQ&usg=AOvVaw2pRrJaLt_VPp-F3KCQzfnw

mrvitalis:
Funny thing is I am an Engineer... Economics has always been by hubby.. I love to read and research about it

I learned developmental economics on my own

Wow you are even an Engineer

I respect engineers oh

I did one engineering mathematics course in college called financial engineering

Bro I want craze

Great to have good grasp of the economic concept!!

The problem we have in Nigeria is lack of knowledge

Peter Obi made much sense
He knows what to do about the issue

But every discuss here turns to insult
Instead of arguing as intellectuals

Iziquiel:
Unfortunately, the dumbfu*k you are defending does not believe infrastructure drives economic development.

https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.pulse.ng/news/local/peter-obi-to-buhari-you-cant-use-infrastructure-to-improve-the-economy/njcr2hz&ved=2ahUKEwis4t7N9YiJAxXZW0EAHUSIPCgQFnoECBgQAQ&usg=AOvVaw2pRrJaLt_VPp-F3KCQzfnw

Yes you can't use infrastructure to improve an economy no

You use infrastructure to sustain growth

Osun tried it failed
Ebonyi tried it failed
Akwa ibom tried it failed
Kaduna tried it failed
Kano same
Ogun same


When would u guys learn

What drives economic growth is availability of credit

mrvitalis:
Yes you can't use infrastructure to improve an economy no

You use infrastructure to sustain growth

Osun tried it failed
Ebonyi tried it failed
Akwa ibom tried it failed
Kaduna tried it failed
Kano same
Ogun same


When would u guys learn

What drives economic growth is availability of credit

God bless you! Maybe we should also define the term INFRASTRUCTURE for them.. what it and doesn't encompass.

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.

So you have TWO Nairaland accounts??

I dey fear the man...he just make us loss, when he knows he didn't stand a chance

phantom:
■ Very good.. my point is where are you channelling the funds to.. go and read mrvitalis earlier post on page 1 about funding the manufacturing sector. Buhari borrowed.. Tinubu is borrowing.. why hasn't it worked? Because they are 1. Mismanagement of funds 2. Funding sectors where the ROI is slow or equally mismanaged.
That's why kobojunkie was talking about addressing the root cause of corruption which I agree with BUT I'm of the opinion we can chew gum and walk at the same time. We can fight corruption and continue to spend on our economy simultaneously

No you cannot fight corruption and continue to spend on our economy simultaneously! Obasanjo, Jonathan, and Buhari claimed they were doing that but today we know that all they did was choose their friends over those who were their rivals. We don't want political and their friends running the game anymore. Nigerians need to be the ones at the helm; for that time, a systemic overhaul is needed.

Smartcitizen:
■b But I doubt if he would have purchased a presidential jet with such amount of money and building VP's house with 20 billion Naira. Only a careless mad man will do that for Nigeria and expect progress in his finances.

Jonathan did not purchase a private jet, or build a 20 billion Naira VP house either but he didn't do a great enough job to curb corruption. Why? Because your politicians cannot curb the black hole of corruption. Never could!

Kobojunkie:
No you cannot fight corruption and continue to spend on our economy simultaneously! Obasanjo, Jonathan, and Buhari claimed they were doing that but today we know that all they did was choose their friends over those who were their rivals. We don't want political and their friends running the game anymore. Nigerians need to be the ones at the helm; for that time, a systemic overhaul is needed.

Oga it's impossible to remove corruption in a democratic system... It's impossible

The most effective way to remove corruption is taxing the people heavily... The least corrupt countries on earth have the most taxes

defash8:
■ PO said this severally before election, that was why we said T-Pain is copying his programs except that PO will be financially disciplined. PO will reduce cost of governance & will not delve in criminal enterprise, he'll move from consumption to production with export. Same policies, but difference in optics & aura.

Nigeria's problem is beyond cutting the cost of governance, and one man not delving into a criminal enterprise. This is not just about who occupies the office of the presidency but about the lives and future of 200 million people who can no longer afford to continue living as they have up until now. Try to see past that man politician to see that Nigerians should be beyond looking for saviors in politicians and be at a point where they desire to do nothing but take back their power. The power rightly belongs to the people, not the president or peter obi.

Funkyswagzz:
■ So technically you are saying tinubu and obi think or obi and cardoso think alike which one?

I asked a question there. According to Peter Obi, Tinubu implemented many of his same plans. I am just trying to ascertain if this is true in even those cases.

PHIPEX:
Businesses borrow to invest and.not to consume, that's the difference. People borrow from.banks and invest in profitable business, others borrow and the business collapse, that's the diff BTW Obi, Tinubu and Buhari

The president's office is not there to borrow on behalf of Businesses. Na here we all dey when dem borrow on behalf of Dangote, something that should not happen at all but it did. Let private businesses go out there and source money for their businesses on their own, and leave the Nigerian government out of it. The government's job is to provide a healthy environment on behalf of ALL the Nigerian people...not go out to borrow money for some Nigerian businesses— a level playing field.

And this obi just said goes down well with you.
The present calamity from Tinubu would've been catastrophe had he been he's(obi) the one power

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

mrvitalis:
■ Oga it's impossible to remove corruption in a democratic system... It's impossible The most effective way to remove corruption is taxing the people heavily... The least corrupt countries on earth have the most taxes

As swear the way some of you reason ehn, you go wonder whether they are typing directly from a mental health asylum.

Realtruth2023:
■ Try and use your sense. Borrowing to defend Naira as PO suggested is different from the borrowing in this administration.

Borrowing money is borrowing money. After the last 25 years, what every Nigerian should have realized at this point in time is that throwing money at the problem will not make it go away. That we still have so many of you who have yet to realize this means Nigeria probably has a long way to go carrying with it that massive cancer of corruption that continues to suck the life out of it including the literal life and blood of its people.

You should browse the following report. This is where Nigeria is barrelling down towards the direction your politicians have had it headed in. So, far, it seems the report has had it right so far. https://www.nairaland.com/8215070/failed-state-2030-nigeria-case#132033642

seunjungle1:
And this obi just said goes down well with you.
The present calamity from Tinubu would've been catastrophe had he been he's(obi) the one power

How do you know... U way support Buhari and Tinubu and could not see their failure from afar?

Do you really think you have the ability to make good choice in leadership? Lmaooo

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

he dey sweet to talk

jayce232:
■ There is no way u will take borrowing out of running our economy, we are already in debt as a nation. Even without defending the naira, govt is still borrowing. How the borrowed funds is being utilized is what matters here & that depend on the person at the helm of affairs.

You are right that you cannot take borrowing out of running the Nigerian economy but we are talking of borrowing to shore up the Naira..... no, let's not even attempt that anymore until we have significantly put a dent in the underlying problem which keeps Nigeria running as a semi-failed state with insecurity and hunger ravaging the land. Many problems cannot be resolved by throwing money at it and that is what Nigeria is dealing with.

crossbreedwears:
What has Tinubu got to do with this news na? Dont you have anything meaningful to contribute

Tinubu has finished Nigeria? There is a failed state report put out by the U.S. back in 2011 that makes what TInubu is doing seem like he is driving to ensure what was predicted in that report is realized by 2030. Check it out ... https://www.nairaland.com/8215070/failed-state-2030-nigeria-case#132033642

alimiadedayo1:
■ Shut up stop saying nonsense which Nigeria is a poor country.. You guys will just come online and start saying nonsense..Nigeria is poor? Are you thinking from your poo poo

Nigeria is a poor country... you may not like to hear it said but it is the truth. Nothing is unlimited and as it is, corruption has sucked much of what Nigeria has into a hole away from the people. Look around you to see this for yourself!

jayce232:
■ The bold is wrong, a lot of u are emphasizing on the borrowing instead of the plan. Dangote borrowed money to build his refinery. What matters is how the borrowed funds are being utilized. A lot of money borrowed under previous govt were not properly utilized, that's the sad truth. Even without defending anything or paying subsidies, govt is still borrowing, what are they using the funds for?? Funding white elephants projects that end up producing no returns.

Which Dangote borrowed what? Nigeria borrowed and served a surety for Dangote's borrowing and what happened with that? Did those loans and the repercussions of it all disappear into thin air? Come on ... wake the fk up!

There is a difference between private company borrowing and the Nigerian Government borrowing... ugh.... this Dangote mention don trigger me.

Kobojunkie:
I asked a question there. According to Peter Obi, Tinubu implemented many of his same plans. I am just trying to ascertain if this is true in even those cases.

We both are saying the same thing..

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

Obi is a failure.
Where is his Next International in UK now?
It has been liquidated.
When Soludo said that during Obi's tenure,Anambrans poverty increased more than 50%,some zombies nearly crucify him.
Soludo recently told us about the value of Anambra's money he illegally put in Fidelity bank.All has been failure upon failure.
Talk is cheap.
He will borrow money and squander it unintelligently because of who he is.