₦airaland Forum

tobenuel:
stop sitting on the fence, you are neither hot nor cold. The report says there's been an INCREASE on household loans. How and how long they going to repay the loans?

You read the headline 9nly. Read the full report and see he's correct.

tobenuel:
stop sitting on the fence, you are neither hot nor cold.

Na, both sides are corrupt, man. Also, the fact is you guys do not know what good governance is, most of you think in terms of daily bread, not long term thinking. And that is why we have issues.

SO, support your corrupt people, the tinubu people can support ther corrupt people, and I can laugh at both of you, and also praise the occasional sane decision.

The report says there's been an INCREASE on household loans. How and how long they going to repay the loans?

The same way generations of Nigerians have been paying the loans. Part of their salaries. Many if not all of them earn salaries.

Mortgage loans no be like loan app loans. You pay back a bit over time for some decades.

tobenuel:
What's APC slogan sef, someone remind me

. their slogan is.. snatch it, grab it and run away with it

Antoeni:
What is Now That One Thing That is Working Perfectly to The Benefit of Nigerians In This Tinubu Government?

Hunger, poverty etc etc

where are they borrowing o. pls show me the way.

omotayocaleb:
where are they borrowing o. pls show me the way.

You go to a mortgage bank like the federal mortgage bank, or any other mortgage bank, or ask if your bank offers mortgage services

Also, some staff cooperatives in some places of work have means of helping you access financial assiatance for housing

Mind you, it depends on if you are a salaried worker.

tobenuel:
What's APC slogan sef, someone remind me

Abegistan

See story o - self praise don start

Like how many can even qualify for the loan

Loanee of Loanee

tobenuel:
What's APC slogan sef, someone remind me

FSBoperator:
When we had just First bank, UBA and Union bank, Interest rates were not as high and banks were not trying to reap you another hole.

You made so much valid points but I think you got it wrong with the above statement.

Before now Nigerians has a negative view of loan so they shy away from it. Only few people go for loans in Nigeria.

Nowadays, Nigerians have a better understanding of loans and readily apply for it. Many Nigerians now go for loans which in turn drove up the the interest rate. I stand to be corrected.

Tenses:
You made so much valid points but I think you got it wrong with the above statement.

Before now Nigerians has a negative view of loan so they shy away from it. Only few people go for loans in Nigeria.

Nowadays, Nigerians have a better understanding of loans and readily apply for it. Many Nigerians now go for loans which in turn drove up the the interest rate. I stand to be corrected.

That's because we have adopted a debt based economy courtesy of Buharimonics that made inflation a mainstay of our economic life thereby making it utterly useless to maintain thrift as inflation will catch-up with whatever minuscule interests commercial banks were paying.

For the first time in my life on this earth, It made no sense to save money because inflation and instability and flip flop reckless fiscal and monetary policies were causing real havoc .

Was it not this time Nigerians began investing in crypto first as a better store of wealth?

Even Elon who is a centi billionaire swinging towards trillioniare can not boast of $50 million cash deposit in any bank.

This is what a debt based economy is.

Thrift is out and in it's place debt.

Every billionaire in the west is so not because of cash deposit or real tangible assets but rather holding on to gambling chips in their stock markets.

It's not real wealth because it is debt based.

Boydirector001:
Make I kukuma dey this side abeg..

Tinubu go still come whine him self..say

""Come back home, no place like home

Lolz Nigeria don go

Na where Nigeria go?

Lush100:
Another grammar.

The way media information is being flapped everywhere.
You will think the economy is booming.
But again.
Let hope the carnage will not be too late

You didn't understand the report. If you did give us a summary please. Yours is attack and condemn.

Klington:
That's tinubu manufacturing hardship with reckless abandon.

What is the hardship in this report? Please explain.

tobenuel:
stop sitting on the fence, you are neither hot nor cold. The report says there's been an INCREASE on household loans. How and how long they going to repay the loans?

Why are you drinking panadol for another person's headache? An investor did his analysis properly and presented to a lender. The lender having looked at the proposal got satisfied and lent the money. You are here asking "how and how long they going to repay the loans"? Ask the investors that presented the plan and the lenders that accepted their proposal. Didn't you read here that the default rate is low. I tire ooo.

Vision101:
You didn't understand the report. If you did give us a summary please. Yours is attack and condemn.

.
I'm sorry sir.
Pls give us a summary
You already said I do not understand it.
You probably understood it better than I do.

You dey ask me that question,like you're really asking me that question.. ordinary barbedos abi south Africa still get sense pass unah..for that country..


Smh

brr shit abeg..

SamuraiXXX:
Na where Nigeria go?

Lush100:
.
I'm sorry sir.
Pls give us a summary
You already said I do not understand it.
You probably understood it better than I do.

I will not because you criticized without understanding.

Boydirector001:
You dey ask me that question,like you're really asking me that question.. ordinary barbedos abi south Africa still get sense pass unah..for that country..


Smh

brr shit abeg..

If you lack a sense of humour, that's not my problem!

I don't blame you

Na that country wey you dey I dey blame self..

SamuraiXXX:
If you lack a sense of humour, that's not my problem!