From $4.99b To $43.17b: How Did OBJ Achieve This? - Politics (6) - Nairaland
Nairaland Forum › Nairaland General › Politics › From $4.99b To $43.17b: How Did OBJ Achieve This? (14619 Views)
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| Re: From $4.99b To $43.17b: How Did OBJ Achieve This? by Goke7: 5:59pm On Aug 23, 2025*. Modified: 6:16pm On Aug 23, 2025 |
Kukutente23:Both telecoms and the banking industry even till today do not employ up to 100,000 Nigerians directly and maybe close to 500,000 indirectly and what’s that compared to our teeming population. That some folks were privileged to have such opportunities never meant that was the reality of many Nigerians. Thank God for your family. In 2007/2008 I was employed as a fish farm manger somewhere in abule Egba in Lagos earning 20k per month and yes that was my reality then as a graduate before going for my masters. That could not feed me for a whole month talk less of accommodation. Thanks to my parents for a roof over my head then. Let’s be honest to what is true. All these Nigerians were richer back then was never the reality for many and most people. |
| Re: From $4.99b To $43.17b: How Did OBJ Achieve This? by CapitalBank: 6:58pm On Aug 23, 2025 |
| Re: From $4.99b To $43.17b: How Did OBJ Achieve This? by Barzinime(m): 6:59pm On Aug 23, 2025 |
Wiped off debt fine, but did you know how he did it? You think he is special that they wiped it off? Did you for once think about what he traded for it? 004gist: |
| Re: From $4.99b To $43.17b: How Did OBJ Achieve This? by 004gist(op): 7:03pm On Aug 23, 2025 |
Barzinime:Leave Conspiracy theories and face fact |
| Re: From $4.99b To $43.17b: How Did OBJ Achieve This? by TheGoodJoe(m): 7:52pm On Aug 23, 2025 |
CodeTemplarr:Ngozi Okonjo Iweala made it clear. Obasanjo had the will to save and Goodluck Jonathan didn't. Finito. |
| Re: From $4.99b To $43.17b: How Did OBJ Achieve This? by TheGoodJoe(m): 8:02pm On Aug 23, 2025 |
Shawarmagirl: I laugh at Jonathan. He is as bad as Buhari and Tinubu. |
| Re: From $4.99b To $43.17b: How Did OBJ Achieve This? by Abagworo(m): 8:06pm On Aug 23, 2025 |
Felimax:Obasanjo had lower cost of running Government cause he was a powerful President. Buhari had the opportunity but misused it. |
| Re: From $4.99b To $43.17b: How Did OBJ Achieve This? by okoloto: 8:33pm On Aug 23, 2025 |
OBJ was able to through ngozi okonjo iwella to secure some debt forgiveness so there was no much debt servicing and price of oil went up. However he tried so much to lift and not squander the economy. But after the squandering and borrowing started again hence where we are. Tinubu is making some gain due to subsidy removal and currency devaluation. Taking money and food out of the people's table ![]() But I don't think squandering has stopped or even minimized. |
| Re: From $4.99b To $43.17b: How Did OBJ Achieve This? by Felimax(m): 9:47pm On Aug 23, 2025 |
Abagworo:Agreed! It was not his first time though! |
| Re: From $4.99b To $43.17b: How Did OBJ Achieve This? by bigiyaro(m): 10:27pm On Aug 23, 2025 |
Very funny how the govt flaunts the external reserve as if it's an achievement. |
| Re: From $4.99b To $43.17b: How Did OBJ Achieve This? by 004gist(op): 3:36am On Aug 24, 2025 |
Barzinime:What did he trade for it? |
| Re: From $4.99b To $43.17b: How Did OBJ Achieve This? by Akungitit: 3:48am On Aug 24, 2025 |
chopnaira: |
| Re: From $4.99b To $43.17b: How Did OBJ Achieve This? by Kukutente23: 5:41am On Aug 24, 2025 |
Goke7:So your new excuse is that telecoms and banking do not employ millions directly? What a joke!! Sounds more like bad belle. Telecoms and banking are easily the two biggest employers of labour in the private sector. Every part of Nigeria you go to, you're sure to see a banking and/or telecoms worker even in less developed states. Name one sector with such spread in the private sector. You were earning 20k in 2007/08 and you said you weren't earning well? 20k then was like x3 of the minimum wage. Do you know that there are people that earn 50k today, which is even below minimum wage? Some even earn less than that as graduate teachers! How can 20k not feed only you in a whole month in a country where the minimum wage then was 7500? What are you eating? One cow per day? Nigerians were far richer then. Even you were far richer then. I can bet a manager of that fame farm today will earn in the region 100-150k which is just x2 of today's minimum wage or less. So compared to him, were you richer or poorer then? |
| Re: From $4.99b To $43.17b: How Did OBJ Achieve This? by Kukutente23: 5:45am On Aug 24, 2025 |
Goke7:Bye-pass? That's what you're comparing to a full stretch of 120km road? Even Ibadan-Ilesha was constructed by the military under Abacha. Who is talking about state universities? We're talking federal here! Most federal universities were created by the military including polytechnics. Take it to the bank |
| Re: From $4.99b To $43.17b: How Did OBJ Achieve This? by 004gist(op): 6:32am On Aug 24, 2025 |
Goke7:Then in 2001 with ur 20k u can buy 4 bags of rice today 4 bags of rice is getting to 300 to 400k With 20k in 2001 or 2003 you can buy 800 to 900 litres of fuel today you can get only 23 litres of fuel. Nigeria was way better then than now. The fact u don't have it then means u were unemployed or under employed then. In 2005 if u are working in the banking sector then u will be comfortable. If u are a lecturer earning 150k as a family then u are comfortable and more than ok. But today any earning 300k is like a poor man. What i mean is that today the middle income earners have been wiped off. Nigerian per capital income was placed around 1800 then. Today is less than 800. |
| Re: From $4.99b To $43.17b: How Did OBJ Achieve This? by Brenbentondiaz: 6:45am On Aug 24, 2025 |
happney65:Oil prices almost quadrupled, but to you that meant oil prices didn't increase as stated by the guy you responded to? I'm still trying to get your point. Are you corroborating what he said, or countering him? |
| Re: From $4.99b To $43.17b: How Did OBJ Achieve This? by OneCandleAway(f): 6:47am On Aug 24, 2025 |
Goke7:That you were employed as a fish farm manager is your fault. What grade did you finish with. |
| Re: From $4.99b To $43.17b: How Did OBJ Achieve This? by Brenbentondiaz: 6:55am On Aug 24, 2025 |
004gist:He didn't pay debt. It was called debt forgiveness for a reason. |
| Re: From $4.99b To $43.17b: How Did OBJ Achieve This? by Goke7: 7:50am On Aug 24, 2025 |
Kukutente23:😂 it’s obvious you were a kid then, I had a conversation with a friend on this and he truly laughed hearing that Nigerians were richer in the obj days now you’re asking me if it’s cow I was eating Omo just say you were too young to know what really was going on. That 7500 minimum wage you are talking about go and find out how much accommodation was then to see if that that was truly a living wage and for your information agriculture o yes is the largest employer of labour in Nigeria in the private sector so for you to say telecoms and banking are the largest employer of labour in Nigeria I just know you don’t even know what you’re talking about but just being political which is never a reality 😂 so in a state like benue it’s banking or telecoms that’s the largest employer omo you’re not serious 😂 |
| Re: From $4.99b To $43.17b: How Did OBJ Achieve This? by Goke7: 7:53am On Aug 24, 2025 |
OneCandleAway:😂 see this kid! Na wa o! Have you ever lived in Nigeria? |
| Re: From $4.99b To $43.17b: How Did OBJ Achieve This? by Good2go1: 7:53am On Aug 24, 2025 |
Before you beginbro praise Tinubu factor in debt incurred by him that is when you know if he is doing well or not . A man that borrows 20naira and put put 20naira in his savings account has not saved anything rather he is indebted. helinues: |
| Re: From $4.99b To $43.17b: How Did OBJ Achieve This? by Obaaderemi2: 7:57am On Aug 24, 2025 |
Goke7:The same way people are complaining now was the same way they complained then |
| Re: From $4.99b To $43.17b: How Did OBJ Achieve This? by Goke7: 7:59am On Aug 24, 2025 |
Kukutente23:This is a big lie, even chat gpt of all people doesn’t even agree: Out of the currently 63 federal universities (as of 2025), about 27 were founded under military governments (1966–1999). The rest have been created under civilian democratic governments since 1999. |
| Re: From $4.99b To $43.17b: How Did OBJ Achieve This? by OneCandleAway(f): 8:00am On Aug 24, 2025 |
Goke7:Because if you're from a poor background, you know you need to work harder in school if you don't have connection. If you're from a privileged background it's only training you know you're doing at a fish farm to eventually set up your own business. And you'll list your time there as a training not as a setback. I can bet you didn't finish with 2.1 |
| Re: From $4.99b To $43.17b: How Did OBJ Achieve This? by Goke7: 8:05am On Aug 24, 2025 |
004gist:How many people the banks could employ back then? this banking sector criteria you guys are using to say Nigerians were richer back then is flawed. But am glad you admitted that I was either unemployed or under employed and that sounds more reasonable which is the reality of many and most Nigerians even till today! |
| Re: From $4.99b To $43.17b: How Did OBJ Achieve This? by Goke7: 8:09am On Aug 24, 2025 |
OneCandleAway:So how is it my fault if you think I didn’t get a good grade so was that a criteria to be richer in Nigeria back then and what about those without university degrees don’t they deserve to be well off or fare better back then? Trying to get you back into context and not personalise things |
| Re: From $4.99b To $43.17b: How Did OBJ Achieve This? by OneCandleAway(f): 8:13am On Aug 24, 2025 |
Goke7:Anyways, life happens. I hope you're in a better place now. Though back then, there was limited opportunities for growth unlike now people have access to the Internet which is a huge platform to learn and generate wealth if you are focused. |
| Re: From $4.99b To $43.17b: How Did OBJ Achieve This? by Goke7: 8:21am On Aug 24, 2025 |
OneCandleAway:This is so true! So much democratised opportunities now that has made one to evolve. I thank God! |
| Re: From $4.99b To $43.17b: How Did OBJ Achieve This? by Goke7: 8:30am On Aug 24, 2025 |
Obaaderemi2:Nigeria has never been fair to the poor, downtrodden, vulnerable and lower/lower-middle income earners in any dispensation of our national life. Let no one gaslight us! |
| Re: From $4.99b To $43.17b: How Did OBJ Achieve This? by Dantatanazzy007: 8:35am On Aug 24, 2025 |
CodeTemplarr:Keep on supporting kidnapping and thuggery |
| Re: From $4.99b To $43.17b: How Did OBJ Achieve This? by DeepSight(m): 9:45am On Aug 24, 2025 |
OneCandleAway:This is kinda harsh. |
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