Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,431 members, 7,954,692 topics. Date: Saturday, 21 September 2024 at 07:25 AM |
Nairaland Forum / Nairaland / General / Politics / Peter Obi: Nigeria Must Cut Cost Of Governance To Exit Recession (Video) (15247 Views)
Peter Obi: Nigeria Needs Leaders With Genuine Identity, Verified Credentials / Peter Obi: Nigeria Now Ranks In The Same Place With Afghanistan,Yemen / Zainab Ahmed: Nigeria Will Exit Recession Soon (2) (3) (4)
(1) (2) (3) (4) (5) (Reply) (Go Down)
Peter Obi: Nigeria Must Cut Cost Of Governance To Exit Recession (Video) by IamHeWrites: 11:33am On Dec 01, 2020 |
Former vice-presidential candidate Peter Obi has given out what can be described as a pathway to economic recovery, Igbere TV reports. Mr Obi, who spoke on Arise TV on Monday, agreed that the recent recession which affected about 40 countries around the world was as a result of the COVID-19 pandemic. He however warned that the recession would bite harder on Nigeria because the country already had ‘underlying economic conditions’ ranging from extreme poverty to high unemployment rate, high number of out-of-school children, highest infant mortality rate and soaring incidences drug abuse, among others. Obi explained that unlike the previous recession where Nigeria recklessly borrowed its way out, this present recession demands fiscal discipline for the country to scale through. Igbere TV reports that he argued that the COVID-19 fiscal stimulus of about $5 billion provided by the Federal Government to recover the economy, was too low. Comparing Nigeria with nations like India, Obi said they were spending around $300 billion to help them exit the recession, out of which $50 billion is for supporting small businesses. He further said that what was more worrisome, was the fact that even the little fiscal stimulus provided in Nigeria, was not getting to the right people and are not well accounted for too. “When government supports and empowers small businesses, there will be greater productivity which will reduce unemployment, generate more revenues for the government and increase development in the country. China, for example, finances most of their budgets with taxes from small businesses, because they have a strong MSME sector that contributes greatly to their economy,” he explained. https://www.youtube.com/watch?v=PHWr_OSpvDY Obi also suggested a private sector driven economy that would lift many financial burdens from the government. https://twitter.com/ARISEtv/status/1333356202093391890?s=19 20 Likes
|
Re: Peter Obi: Nigeria Must Cut Cost Of Governance To Exit Recession (Video) by Nobody: 11:46am On Dec 01, 2020 |
Sir I know we must cut cost of governance but for me that's not the problem Effective taxing system can easily give Nigeria $100 billion a year from tax By barely looking at banks published revenue and profit ...I was able to see Nigeria is short changed by banks to the tune of over 1 trillion naira year ... Not to talk about the oil sector . Or transport sector Effective taxing is the key sir 41 Likes 6 Shares |
Re: Peter Obi: Nigeria Must Cut Cost Of Governance To Exit Recession (Video) by uptimum123(m): 11:50am On Dec 01, 2020 |
Peter Obi the Chinese Governor 16 Likes 3 Shares |
Re: Peter Obi: Nigeria Must Cut Cost Of Governance To Exit Recession (Video) by Elvictor: 12:03pm On Dec 01, 2020 |
Igbochief001:tax who? 109 Likes 2 Shares |
Re: Peter Obi: Nigeria Must Cut Cost Of Governance To Exit Recession (Video) by Elvictor: 12:04pm On Dec 01, 2020 |
the system is the issue, how can you be governing someone in a village all the way from Abuja? ona know say the Unitary system isn't making sense, but because it encouraged corruption and failed leadership, laziness ona dey form ignorance kwantinue. 39 Likes 3 Shares |
Re: Peter Obi: Nigeria Must Cut Cost Of Governance To Exit Recession (Video) by 9japride(m): 12:08pm On Dec 01, 2020 |
Igbochief001:[color=#006600][/color] It seems you are benefiting from this messed system of goverment. Have you checked the amount of money being spent in running government and its agencies? They keep buying latest models of operational vehicles and majority of those agencies don't generate revenue for the government. If the government tax the citizens they will use the proceeds from those tax to support their lavish life style and also use it during election period. Most of those people in government are criminals, thugs and heartless individuals who don't care about the citizens. Very wicked set of people. 132 Likes 5 Shares |
Re: Peter Obi: Nigeria Must Cut Cost Of Governance To Exit Recession (Video) by inoki247: 12:13pm On Dec 01, 2020 |
They can all see Nigeria problem from far iffa Lie Ask.. Mr Fashola: Electricity is not a Rocket Science Mr Osinbajo: Changing mouth on restructuring after adding restructure to there campaign manifesto.... Mr President: we will Crush Boko Haram within 6 Month They're all bunch of scammers... 33 Likes 1 Share |
Re: Peter Obi: Nigeria Must Cut Cost Of Governance To Exit Recession (Video) by orunto27: 12:30pm On Dec 01, 2020 |
Obi is right. Reduce NASS Salaries and Allowances by 50%. 67 Likes 6 Shares |
Re: Peter Obi: Nigeria Must Cut Cost Of Governance To Exit Recession (Video) by Nobody: 12:31pm On Dec 01, 2020 |
9japride:Yes I have checked ...it's nothing ..infact we need to spend more 2 Likes |
Re: Peter Obi: Nigeria Must Cut Cost Of Governance To Exit Recession (Video) by Nobody: 12:32pm On Dec 01, 2020 |
Elvictor:The 10% that own 90% of our GDP 11 Likes |
Re: Peter Obi: Nigeria Must Cut Cost Of Governance To Exit Recession (Video) by HIGHESTPOPORI(m): 12:35pm On Dec 01, 2020 |
uptimum123:Is it not better, same Chinese we run to for loan.Hope you are enjoying the so called Nigerian government 93 Likes 6 Shares |
Re: Peter Obi: Nigeria Must Cut Cost Of Governance To Exit Recession (Video) by Nobody: 12:45pm On Dec 01, 2020 |
We need to introduce the mortgage system into the middle class real quick for faster trickle to the lower income.. that can easily take us away from recession, poverty capital and expand the middle class bracket while reducing unemployment and corruption. 5 Likes 1 Share |
Re: Peter Obi: Nigeria Must Cut Cost Of Governance To Exit Recession (Video) by omodaamola: 3:00pm On Dec 01, 2020 |
Re: Peter Obi: Nigeria Must Cut Cost Of Governance To Exit Recession (Video) by ILoveDemMANNA: 3:01pm On Dec 01, 2020 |
Comparing Nigeria with nations like India, Obi said they were spending around $300 billion to help them exit the recession, out of which $50 billion is for supporting small businesses.This sounds so good to the ears for real. But, If India past 2 presidents were named OBJ and a certain Jonathan, along with a certain former minister of Petroleum (Madam Opolo eyes) they won't have all these BILLIONS of DOLLARS to fall back on and make life easier for their citizens, just like the stimulus package Trump gave some eligible Americans months ago, It would have been looted dry by their past 2 presidents and their cronies. #BitterTruth. May God punish every politicians that have stolen from our national treasury. No matter the party they are or keep jumping from. They will all never end well for destroying the foundation of our nation. 8 Likes 9 Shares |
Re: Peter Obi: Nigeria Must Cut Cost Of Governance To Exit Recession (Video) by Hallams(m): 3:01pm On Dec 01, 2020 |
Igbochief001:No doubt tax revenues have to be increased in fact I support it but it doesn't make sense if we generate more tax revenues and then it goes into the pockets of greedy politicians without have any impact on the common man 10 Likes |
Re: Peter Obi: Nigeria Must Cut Cost Of Governance To Exit Recession (Video) by Nobody: 3:02pm On Dec 01, 2020 |
Nice.. But the truth is that if the government should do the RIGHT thing to end the recession and boost the economy to first-tier level, there'll be massive protests across the country before the plans even kick off.. Nigerians want the government to turn Nigeria into New York overnight, but they want a tax-free and all-subsidized society.. LOL, Nigerians gave President Mohammadu Buhari 5000 naira to purchase iPhone 11 Pro Max and still bring back change.. It doesn't work that way, my brothers and sisters... The problem is with us, Nigerians... Unless we change, we shouldn't expect change.. Even our younger ones.. You collect 15k from your struggling parents to buy a textbook that's actually worth 1k, then you pocket the remaining 14k.. That's Introduction to Corruption 101.. May God help us all. 9 Likes 1 Share |
Re: Peter Obi: Nigeria Must Cut Cost Of Governance To Exit Recession (Video) by Perfectsouth(m): 3:02pm On Dec 01, 2020 |
They won't The senate already said those advocating for such are not ok.. Everything is wrong with this country 4 Likes
|
Re: Peter Obi: Nigeria Must Cut Cost Of Governance To Exit Recession (Video) by GIANTPLUSHUB: 3:02pm On Dec 01, 2020 |
If only they would agree. Check my signature below for our products and services. |
Re: Peter Obi: Nigeria Must Cut Cost Of Governance To Exit Recession (Video) by OfficialAwol(m): 3:03pm On Dec 01, 2020 |
When Nigerians are ready for this country to work, we will give to Peter Obi to arrange for us. Until then, let's continue fooling around. 27 Likes 1 Share |
Re: Peter Obi: Nigeria Must Cut Cost Of Governance To Exit Recession (Video) by CSTRR: 3:04pm On Dec 01, 2020 |
uptimum123:He is better than anything you have in the APC from top to bottom. Keep talking nonsense. 46 Likes 3 Shares |
Re: Peter Obi: Nigeria Must Cut Cost Of Governance To Exit Recession (Video) by Dididrumz(m): 3:04pm On Dec 01, 2020 |
Peter Obi my man This man will do very well as president. 21 Likes 1 Share |
Re: Peter Obi: Nigeria Must Cut Cost Of Governance To Exit Recession (Video) by PROFFIRE: 3:04pm On Dec 01, 2020 |
ARE THEY JUST WAKING UP?...GREEDY PEOPLE |
Re: Peter Obi: Nigeria Must Cut Cost Of Governance To Exit Recession (Video) by Jagznation(m): 3:04pm On Dec 01, 2020 |
sure we need to cut cost of governance and APC needs you 1 Like |
Re: Peter Obi: Nigeria Must Cut Cost Of Governance To Exit Recession (Video) by TalkTalkTwins(m): 3:04pm On Dec 01, 2020 |
Someone above me suggested taxes be increased, and I'm wondering. I'm a freelance writer and this government has never supported me in any way. No electricity, no good network, I spend more than 15k on data per month. Yet, they use other people's taxes to fund SARS and oppress us. The Police and Army who fuel their vehicles with our taxes are our greatest night mares. Children of politicians are funded with our taxes to travel abroad, study and come home to work on CBN, NNPC, FRSC and every other big organization. No good healthcare, data is very expensive, no roads, nothing. And you want taxes increased? So the dancing senator can get another Ferrari? That's pathetic bro 26 Likes |
Re: Peter Obi: Nigeria Must Cut Cost Of Governance To Exit Recession (Video) by Jarmal: 3:05pm On Dec 01, 2020 |
We need more than that |
Re: Peter Obi: Nigeria Must Cut Cost Of Governance To Exit Recession (Video) by hisexcellency34: 3:05pm On Dec 01, 2020 |
same story |
Re: Peter Obi: Nigeria Must Cut Cost Of Governance To Exit Recession (Video) by Chijeep(m): 3:05pm On Dec 01, 2020 |
k |
Re: Peter Obi: Nigeria Must Cut Cost Of Governance To Exit Recession (Video) by CSTRR: 3:06pm On Dec 01, 2020 |
Igbochief001:You cannot tax poverty. Nigerians are poor. They need money to grow the economy. Countries usually reduce taxes to increase disposable income and stimulate the economy. Cut waste, use the excess funds and grow from there. 20 Likes 1 Share |
Re: Peter Obi: Nigeria Must Cut Cost Of Governance To Exit Recession (Video) by Sunnyja: 3:07pm On Dec 01, 2020 |
Igbochief001:Tax revenue that the senators and their co travellers will spend on exotic Jeep's and the balance embezzled?! Tax revenue that ministers and their co travellers will embezzle through inflated contracts only to start fainting on the day of accountability?! 18 Likes |
Re: Peter Obi: Nigeria Must Cut Cost Of Governance To Exit Recession (Video) by lexy2014: 3:07pm On Dec 01, 2020 |
Igbochief001: Who are u taxing and who will use d tax that has been taxed? Where's d result of all d taxed taxes? 13 Likes |
Nigeria Doctors Honour Godwin Maduka At The Centenary Dinner Anniversary In Abuj / Ilobah Isabella Ugochi Is Senate's New Acting Clerk / 2023: APC Reveals Reasons For Tinubu’s Visit To Ex-President Goodluck Jonathan
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 58 |