₦airaland Forum

slivertongue:
Your comments speaks of your understanding. Financial instruments are from financial institutions

What you really dont know is bigger than you. Your comments tells alot about your level of knowledge and understanding and you are quick to insult when your understanding is at that level. So treasury bills are issued by financial institutions, Government bonds are also issued by financial institution. Even the instruments like fixed deposit which are issued by financial institutions is still controlled by government the CBN. they dictate the rate. How much are you going to pay for the schooling I gave you today?

Give public funds meant for developmental and social programs to the banks and have the same banks loan the money back to us at a high lending rate far higher than the paltry thrift interest the banks will pay.

Giringori is not in any way smart at all.

grandstar:
The money was not given to a conventional or investment bank to manage.

It is managd by an investment vehicle created by the Central Bank.

So, you are wrong.

So the funds were domiciled with the central bank so I am saying the same thing.

Amalekki:
Mentioning Norway as an example for Nigeria underlines your cluelessness and confusion just like the Obi that you support - Norway already did all they needed to do before prioritizing what to do with excess funds

Norway is a brilliant example. You are being slow to understand basic investment banking.

Amalekki:
Let Peter Obi explain himself clearly but obviously he is not capable of doing that. He is not coherent. Must you guys from his ethnic group always be the ones doing the explanation for him?

Dude you are slow in understanding basic banking concepts.

Believeintruth:
Was he a major shareholder in Fidelity when he was governor? The answer is No. Was he a shareholder in Access and diamond Bank the other two banks? The answer is No, bros you have zero understanding of what conflict of interest is and stop showing ignorance in HD

So at what point in time did he become the chairman of fidelity bank? Tell us.

Believeintruth:
So the funds were domiciled with the central bank so I am saying the same thing.

You are not saying the same thing.

Just like your incoherent boss - you overrate yourself

Believeintruth:
Dude you are slow in understanding basic banking concepts.

Norway cannot be a brilliant example in this case but just like your boss you won't understand.

While investing public funds for long-term yields is ideal for a country with mature infrastructure like Norway, it is a poor model for a developing nation like Nigeria, where addressing domestic infrastructure deficits offer far higher social and economic benefit than foreign financial markets.

It's not that difficult to see for those that are not slow .

Believeintruth:
Norway is a brilliant example. You are being slow to understand basic investment banking.

Godownsit:
My brother, were you told he saved all the money accrued to the state in the bank? This is the way you people will be grandstanding and importing what is not in the equation just to seemingly look right.
Many of you can never be good mentors because understanding of issues to you guys is very much limited. You don't grasp point at all.
Can you reel out the amount that comes to the coffer of Anambra state for the period of 8 years (2006-2014) that Peter Obi ruled. No wonder states and nation are failing because of this archaic thinking.
My brother, family setting is a micro government. What you do in the micro government, will surely determine what you will do in personal business and subsequently in government. All interwoven.

Sir you missed the points . The point of my comments was not that of Anambra but the statement he maid that "Nigeria will be the richest if our politicians keep all the funds" oga with due respect you need to lean a constructive Analysis without insult . Everyone is not a political Dog . Anyone can have his or her political choices but that doesn't mean you can support all their statement blindly .

Haaa, this man doesn't know anything about modern economy oo.. my God. All big economies act by spending building infrastructures, etc to boost and boost the economies and this man saying the opposite: put the money in bank. don't touch. The economy will be stagnant and enter recession within years. This man must not smell that place please, he is empty head. Even an ordinary trader will invest and invest his money in his trade, not to put it in bank. So doing the business grow. All Igbos I know are far more knowledgeable than this man Obi.

adekolaelect:
Sir you missed the points . The point of my comments was not that of Anambra but the statement he maid that "Nigeria will be the richest if our politicians keep all the funds" oga with due respect you need to lean a constructive Analysis without insult . Everyone is not a political Dog . Anyone can have his or her political choices but that doesn't mean you can support all their statement blindly .

The poster is an Obidient, they can't help themselves.

Amalekki:
Norway cannot be a brilliant example in this case but just like your boss you won't understand.

While investing public funds for long-term yields is ideal for a country with mature infrastructure like Norway, it is a poor model for a developing nation like Nigeria, where addressing domestic infrastructure deficits offer far higher social and economic benefit than foreign financial markets.

It's not that difficult to see for those that are not slow .

It is not a poor model bros, stop this deceit. No one is saying you should copy direct word 4 word of their model. You can retrofit it to suit our reality. You seem to be those kind of people that copy someone and.also copy the person's matric number in school.

Amalekki:
Just like your incoherent boss - you overrate yourself

You are overrating yourself. Saying nonsense with so much confidence.

DeOTR:
So at what point in time did he become the chairman of fidelity bank? Tell us.

Was he chairman of Fidelity when he was governor of Anambra state? First answer that.

grandstar:
You are not saying the same thing.

Oga just zip that mouth of yours abeg.

Believeintruth:
Oga just zip that mouth of yours abeg.

I have no interest in arguing.

Read the attachment.

grandstar:
I have no interest in arguing.

Read the attachment.

Look the facf that it is managed by a central bank shows I am saying the same thing. At state govt level they can decide to invest funds in financial instruments through commercial banks, but for a sovereign country, it would be via rhe Central Bank. Bros stop being slow.

Believeintruth:
Look the facf that it is managed by a central bank shows I am saying the same thing. At state govt level they can decide to invest funds in financial instruments through commercial banks, but for a sovereign country, it would be via rhe Central Bank. Bros stop being slow.

You have no inderstanding how sovereign wealth funds work.

You can not being saying the same thing if it is managed by the central bank.

State governments do not even use commercial banks to invest their funds! The fact you even mention state government is a pointer to how little you know about this issue.

Only a stupid state government would hand over suchassets to a commercial bank to manage for them.

Thinking that the federal government would use the central bank and that a state would use the state government just blows my mind. So, a local government would use a microfinance bank to manage its funds, and at the ward level, they wod use contribution or Esusu to manage it based on your thinking? Can you listen to yourself?

Instead of being humble and accept correction, you are here calling me slow. Even if you dont agree wirh ny views, be polite about it.

1 + 1 = 2 and resorting to insults wont make it 4.

And Obi was even talking at the federal level, so I dont even know why you turned to state gpvernment to hide your ignorance.

I am apolitical but people are right when they say his supporters are abusive.

grandstar:
You have no inderstanding how sovereign wealth funds work.

You can not being saying the same thing if it is managed by the central bank.

State governments do not even use commercial banks to invest their funds! The fact you even mention state government is a pointer to how little you know about this issue.

Only a stupid state government would hand over suchassets to a commercial bank to manage for them.

Thinking that the federal government would use the central bank and that a state would use the state government just blows my mind. So, a local government would use a microfinance bank to manage its funds, and at the ward level, they wod use contribution or Esusu to manage it based on your thinking? Can you listen to yourself?

Instead of being humble and accept correction, you are here calling me slow. Even if you dont agree wirh ny views, be polite about it.

1 + 1 = 2 and resorting to insults wont make it 4.

And Obi was even talking at the federal level, so I dont even know why you turned to state gpvernment to hide your ignorance.

I am apolitical but people are right when they say his supporters are abusive.

Oga you said nothing with this your epistle, also stop lying you have never been apolitical

Believeintruth:
It is not a poor model bros, stop this deceit. No one is saying you should copy direct word 4 word of their model. You can retrofit it to suit our reality. You seem to be those kind of people that copy someone and.also copy the person's matric number in school.

If the govt stopped funding infrastructural projects like 2nd Niger Bridge and reduced personnel cost by sacking civil servants and took all the money from there and dumped in a bank to be yielding low interests, do you know how fcked up Nigeria will turn out ?

For one, the FG is the biggest spender and govt spendings sustain and grow the economy .

Sack 80% of civil servants and you will see massive recession as those civil servants spend their salaries on the economy.

The Norwegian model is not the same with what your Giringori is campaigning on as earnings from their crude exports goes into investing directly into company stocks which yield far better returns and the excess gains are plowed back into social services and infrastructural projects.

The real revenue for Norway is taxation which goes directly back into the economy . The excesses crude earnings are what forms the bulk of the sovereign fund .

Norway was already a developed first world economy before they began exploiting their offshore oil wells in the late 90s and their govt said instead of squandering it , they should invest the gains under a sovereign wealth fund which every Norwegian has a share of.

Every Norwegian from birth has an account opened for them since the program began which they can access in future as part of their retirement.

Your Giringori is saying we should forgo every investment in the economy and take all the money and put in a bank.

Who does that ?

FSBoperator:
If the govt stopped funding infrastructural projects like 2nd Niger Bridge and reduced personnel cost by sacking civil servants and took all the money from there and dumped in a bank to be yielding low interests, do you know how fcked up Nigeria will turn out ?

For one, the FG is the biggest spender and govt spendings sustain and grow the economy .

Sack 80% of civil servants and you will see massive recession as those civil servants spend their salaries on the economy.

The Norwegian model is not the same with what your Giringori is campaigning on as earnings from their crude exports goes into investing directly into company stocks which yield far better returns and the excess gains are plowed back into social services and infrastructural projects.

The real revenue for Norway is taxation which goes directly back into the economy . The excesses crude earnings are what forms the bulk of the sovereign fund .

Norway was already a developed first world economy before they began exploiting their offshore oil wells in the late 90s and their govt said instead of squandering it , they should invest the gains under a sovereign wealth fund which every Norwegian has a share of.

Every Norwegian from birth has an account opened for them since the program began which they can access in future as part of their retirement.

Your Giringori is saying we should forgo every investment in the economy and take all the money and put in a bank.

Who does that ?

You just posted an epistle and said nothing in it.

Believeintruth:
Oga you said nothing with this your epistle, also stop lying you have never been apolitical

That poster actually said a lot of good educative stuff and made more sense in that solitary post than you ever have, nwanem

I knew it would all sail over your head and was wasted on you anyway.

aswani:
That poster actually said a lot of good educative stuff and made more sense in that solitary post than you ever have, nwanem

I knew it would all sail over your head and was wasted on you anyway.

Please I am not your nwanne and stop doing tag team. You have no clue as to what was said so just jump and pass besause you have zero knowledge and idea of the topic.

grandstar:
You have no inderstanding how sovereign wealth funds work.

You can not being saying the same thing if it is managed by the central bank.

State governments do not even use commercial banks to invest their funds! The fact you even mention state government is a pointer to how little you know about this issue.

Only a stupid state government would hand over suchassets to a commercial bank to manage for them.

Thinking that the federal government would use the central bank and that a state would use the state government just blows my mind. So, a local government would use a microfinance bank to manage its funds, and at the ward level, they wod use contribution or Esusu to manage it based on your thinking? Can you listen to yourself?

Instead of being humble and accept correction, you are here calling me slow. Even if you dont agree wirh ny views, be polite about it.

1 + 1 = 2 and resorting to insults wont make it 4.

And Obi was even talking at the federal level, so I dont even know why you turned to state gpvernment to hide your ignorance.

I am apolitical but people are right when they say his supporters are abusive.

Never ever argue with a nairalander.

Most of them, sir, are people who have one economic argument...that a good government should dash every nigerian free money, and that anything their hero of the day says is right...even if it is the same as the government atimes or even if the economic basis is wack.
.

Also, people here are abusive and even more abusive. As you can see here. And it is not just obi supporters, you can't have a sane argument with nairalanders without it being abuse, personal attacks, lies, etc. It's almost as if people do not read or do not have an idea of how reality works, or just be trolling.