₦airaland Forum

vankelvin:
Kenyans are done with their election, which country is next?

South Africa or Nigeria ?

Nigeria election will be fun to behold, bcuz we are about to teach some online voters a bitter lesson


Just like one presidential candidate that always win on twitter but on the election day the guy couldn't even get a million vote ,

GeneralDae2:
You are right and in that sense, Peter Obi is more likely to bear your sentiments on this issue than the other candidates. The only issue is I do not trust his ability to quickly create new large sources of revenue. The problem of borrowing though, is when the projects you borrow for do not become quick sources of huge revenue.

For instance, Egypt is building a new city with over 25 Billion dollars which are mostly borrowed funds (a lot of Egyptian debts are also Eurobond debts and other foreign debts). In my opinion, a project like that should not be built with debts.
Funding the NLNG or AKK gas pipeline with debts for instance is more reasonable, because of huge revenues that can be immediately accrued from gas. Borrowing to fund electricity for instance, though it doesn't bring immediate revenue is also okay because electricity is basic for the general economy.

Another lie which of the Peter Obi? the lie invested machine or the deluded dumb one that does understand simple economics


Same Peter Obi that claims infrastructure does not matter only production does, which makes me wonder how do you produce without infrastructure, same Obi that keeps throwing numbers without fact. The same man that couldn't turn Anambra around is the same man that will change Nigeria. Abegiiiii