MEEVEET:

Firstly I like how u ignored the 2008 economic crisis

Putting money into circulation tied to production can't cause inflation... Inflation is cause by increased money supply without corresponding increase in production of goods and services

You've answered yourself - when you put money into an inflationary market especially an import push type inflation you create the double whammy of currency devaluation and higher prices.

There is a time gap between giving people cash for ideas and then seeing production rise to match money supply. How is that gap managed?

I discounted the 2008 crisis because it was caused by the US sub prime crisis which was very unique to America. NG's corellation with US market was significantly lower in this time period. In fact the stock
market in Nigeria had a great 2008 up to half year 2009.

But let's look closer at what the US actually did and compare with NG policy.

The methodology adopted in the US was to bail out select banks, provide $129 bn in tax cuts and $311 bn in infrastructure, education and healthcare initiatives. It never put money into the hands of citizens. This is the same approach the NG government is pursuing. Reduce taxes from 60 to 9 and raise thresholds to safeguard the poor and then do massive infrastructure investments and pin point student loans direct to institutions, same for healthcare.

What this does is improve consumer liquidity and hence demand without flooding the market with inflationary cash. You don't need to push cash to the public in order to create more money in their pocket. You simply reduce the cost of inefficiencies and bottlenecks and give the money already in their picket more value.

Kukutente23:

1. The tweet said $600m not $500m

2. Why did Onanuga delete the tweet

You go ask Onanuga. But my point is that Maersk own APM Terminal since 2006. So the government may not be entirely wrong. I do not speak for the Government, but an expert on the Nigeria ports reforms

Sccarrr:
it doesn't take much smartness to get my point...you must have below 70 IQ, no offense

Thanks... Really appreciate your kind words... Smartness indeed.. If you call me a big head and I tell you I don't have big head, so it takes smartness to accept you calling me big head or what? Lol

You said I write tijapa tiroko stories and I said I don't ... So it takes high level of smartness not to disagree and accept your silly ideology about the story I wrote? Lol

I wonder the kind of smartness needed oooo... Lol...

This one Must have been jealous of the real men that have beach resort. Maybe this one no dey get customers.🤣🤣🤣🤣
Envy ehhhh

BeigJawnson:


Thanks... Really appreciate your kind words... Smartness indeed.. If you call me a big head and I tell you I don't have big head, so it takes smartness to accept you calling me big head or what? Lol

You said I write tijapa tiroko stories and I said I don't ... So it takes high level of smartness not to disagree and accept your silly ideology about the story I wrote? Lol

I wonder the kind of smartness needed oooo... Lol...

what's wrong with tijapa tiroko stories, 🤔Why are u feeling attacked?

Sccarrr:
what's wrong with tijapa tiroko stories, 🤔Why are u feeling attacked?

I ain't feeling attacked... I am just telling you that it is not... Omo Yoruba ni e now, so tijapa tiroko isn't absurd to use to qualify?

Lifestone:

You go ask Onanuga. But my point is that Maersk own APM Terminal since 2006. So the government may not be entirely wrong. I do not speak for the Government, but an expert on the Nigeria ports reforms

Ok. So you agree the so-called maersk investment is a lie then. APM terminals is quoted differently from Maersk even if Maersk is the parent company

anonymous1759:


So god has not permitted him to enter yet , you’re crying stolen mandate everyday, and saying thrash like ,god has caused Tinubu’s mandate , tell me how ? when god has not given him any mandate you cry of. Nzogu Nzogbu has eaten deep in your guys. You think that can give you power .

I think your forefather is doing it well now with #1400 per dollar and fuel #745 per litter awọn eleribu eleleya radarada oshi alaini lakaye set of awọn foolishness APC party

Riskymarvelous:
I think your forefather is doing it well now with #1400 per dollar and fuel #745 per litter awọn eleribu eleleya radarada oshi alaini lakaye set of awọn foolishness APC party

Goan take bitter Obi bitters to console yourself ; , reply me when god will allow bitter Obi to be president. Anyhow people using the lords name to play caricature because your pandora lost.

favor914:
Biafra nation will occur before that happens, he may be president of that republic if Mazi Nnamdi Kanu permits, but never The President of The Federal Republic of Nigeria.

just to remind you that what God can't do doesn't exist either in lifetime or in your back nothing concern me

anonymous1759:


Goan take bitter Obi bitters to console yourself ; , reply me when god will allow bitter Obi to be president. Anyhow people using the lords name to play caricature because your pandora lost.

you deserve dis for your bacteria EWu Hausa

Christistruth00:


Where is your home Town?

What is your family and clan Oriki?

Let us have it

Omo see Jamb question o

Come to ilesa and I will show you my Agbo ile , sabi you dey reasoning from your anus abi ?

anonymous1759:


Goan take bitter Obi bitters to console yourself ; , reply me when god will allow bitter Obi to be president. Anyhow people using the lords name to play caricature because your pandora lost.

Stop dragging Yoruba to the mud , speak for yourself, we are not happy with Tinubu type of government

Riskymarvelous:
you deserve dis for your bacteria EWu Hausa

Na only bitter Obi supporters Dey bitter you done see me insult you since?
The bitterness in your guys is oozing like Garlic ; if they extract the bitterness in you guys and give you to drink it’ll exhume you immediately, it’s too loud , how do you guys survive with such traits it baffling.

Sccarrr:
Ok na Chukwudi

Problem ti e niye o . Stop bringing Yoruba to the mud , this is why we are still suffering here in Osun state

Lifestone:

I'm not an APC member or their spoke person. But for someone to claim that infrastructure development is not critical to economic recovery it's a no talk. We got here in the first instance because of poor infrastructures.
I'm 💯 for the Coaster Road as it will open up barren resources and generate massive employment.
As for your N100k, I should be the one giving you money.

We never got here via lack of infrastructure nah

We got here via mismanagement of loan to build worthless infrastructure

OriginalYoruba1:


Stop dragging Yoruba to the mud , speak for yourself, we are not happy with Tinubu type of government

There’s a difference between constructive criticism and witch-crafty . These guys are sad when positive things happen you only hear their voice when negative sets in . I’m not Yoruba but I hate hypocrisy.
When 2nd Niger bridge was built when Nigeria was number 1 capital poverty of the world they didn’t criticize it , open your eyes 👀.

OriginalYoruba1:


Problem ti e niye o . Stop bringing Yoruba to the mud , this is why we are still suffering here in Osun state

😹 Chukwudi

BreconHills:


You've answered yourself - when you put money into an inflationary market especially an import push type inflation you create the double whammy of currency devaluation and higher prices.

There is a time gap between giving people cash for ideas and then seeing production rise to match money supply. How is that gap managed?

I discounted the 2008 crisis because it was caused by the US sub prime crisis which was very unique to America. NG's corellation with US market was significantly lower in this time period. In fact the stock
market in Nigeria had a great 2008 up to half year 2009.

But let's look closer at what the US actually did and compare with NG policy.

The methodology adopted in the US was to bail out select banks, provide $129 bn in tax cuts and $311 bn in infrastructure, education and healthcare initiatives. It never put money into the hands of citizens. This is the same approach the NG government is pursuing. Reduce taxes from 60 to 9 and raise thresholds to safeguard the poor and then do massive infrastructure investments and pin point student loans direct to institutions, same for healthcare.

What this does is improve consumer liquidity and hence demand without flooding the market with inflationary cash. You don't need to push cash to the public in order to create more money in their pocket. You simply reduce the cost of inefficiencies and bottlenecks and give the money already in their picket more value.

I am only going to take my time to debate u because u seem to be smart

Let's take a practical example here two states one state A and state B

Both state A and state B have revenue less than recurrent expenditure and debt servicing

But are given $1 billion with 10 years interest free

State A
Invest in infrastructure, build rail, build roads and the likes

States B... Invest directly in its people, businesses they have comparative advantage in import substitutions and export oriented goods

Now after 10 years which of these two states would be in a better financial situation

tunjijones:
All this noise about the coastal road will still die as usual.

Una don forget the noise these same people made about second Niger bridge where they said it's a lie that the government was not constructing any bridge and all sorts of lies.

Dem never start to dey use the bridge now?

Very useless people

Eriokanmi:
I thought some of you were saying all those investors on that corridor were all ibos, even mocking them and saying all manner of bunkum . Tribalism is a curse. Don't be a part of it

I never said that, intact no reasonable person will say that. If u check well, it's your people that are saying that rubbish in other to find something to wail about

BeigJawnson:


I ain't feeling attacked... I am just telling you that it is not... Omo Yoruba ni e now, so tijapa tiroko isn't absud to use to qualify?

absurd?
You have cultural inferiority .. if I had mentioned the alchemist or The Great Gatsby...
U go dey smile cheapishly to your phone..
Btw, I'm not undermining you, you have potential,I evn bookmarked a page to read later.

fatherjesse:
Probably one of them that has always been jealous of the viable beach resorts that have been thriving

Listen to yourself. What exactly did you say. You said he is jealous of the ........ thriving. His beach resort is bigger than landmark and he lost more than landmark. Make unna dey use unna sense when unna wan talk na. Habba!!!

Even if you have chosen to be devious like your pay masters, do you think you can deceive everyone?

Do you want to pretend that you don't know that this Bolaji Ariyo is not just an APC member but the former chairman of Oshodi - Isolo LGA?

Do you expect him to challenge his benefactor- especially when he will have been promised compensation both openly and codedly

We know you belong to a coven of liars so you will act like you are unaware.

Snakes- the lot of you!

emkz:
We must learn to punish bad behaviour in Nigeria to deter others.

Here is a business owner admitting he had to count his losses.

On the contrary, we saw someone who arrogated public land to himself. He lied about his worth of investments being demolished. He claimed what he built in 6 years, was demolished in six hours and he miraculously rebuilt in 6 days.

What is 666 again?

When he arrogated public land to himself, some Nigerians took his side against public interest.

Now that it became clear he lied about the worth of what was demolished, we all move on and he said he is open for business.

He did not apologize. He is not accountable. And we move on.

He misled the public. He ought to be arrested or fined to serve as a warning.

VULCAN:
Even if you have chosen to be devious like your pay masters, do you think you can deceive everyone?

Do you want to pretend that you don't know that this Bolaji Ariyo is not just an APC member but the former chairman of Oshodi - Isolo LGA?

Do you expect him to challenge his benefactor- especially when he will have been promised compensation both openly and codedly

We know you belong to a coven of liars so you will act like you are unaware.

Snakes- the lot of you!

Why do you accuse everyone is paid?

If you are asked to swear on that claim, can you do it?

MEEVEET:

I am only going to take my time to debate u because u seem to be smart

Let's take a practical example here two states one state A and state B

Both state A and state B have revenue less than recurrent expenditure and debt servicing

But are given $1 billion with 10 years interest free

State A
Invest in infrastructure, build rail, build roads and the likes

States B... Invest directly in its people, businesses they have comparative advantage in import substitutions and export oriented goods

Now after 10 years which of these two states would be in a better financial situation

I actually replied this but I don't know if it went through. So this response will be shorter.

State A will do better because any success that state B enjoyed will create a clogged up infrastructure that will raise costs and diminish competitiveness.

State B may have greater natural and productive capital but as my attached sheet shows it is intangible capital that drives wealth. Infrastructure comes with policy and processes that improve Trust capital - the ability of people to do business with confidence and leverage.

State B will choke on its capital as infrastructural limitation become choke points. Compromise, corruption and low business confidence is not enough.

Any country with natural wealth or even high GDP per head will choke on its infrastructural limitations while states with first class infrastructure will magnetise companies and businesses looking for efficient low cost environments.

Look for the world bank study entitled " Where is the wealth of Nations"

triple996:


I never said that, intact no reasonable person will say that. If u check well, it's your people that are saying that rubbish in other to find something to wail about

My yoruba people? Which people?

BreconHills:


I actually replied this but I don't know if it went through. So this response will be shorter.

State A will do better because any success that state B enjoyed will create a clogged up infrastructure that will raise costs and diminish competitiveness.

State B may have greater natural and productive capital but as my attached sheet shows it is intangible capital that drives wealth. Infrastructure comes with policy and processes that improve Trust capital - the ability of people to do business with confidence and leverage.

State B will choke on its capital as infrastructural limitation become choke points. Compromise, corruption and low business confidence is not enough.

Any country with natural wealth or even high GDP per head will choke on its infrastructural limitations while states with first class infrastructure will magnetise companies and businesses looking for efficient low cost environments.

Look for the world bank study entitled " Where is the wealth of Nations"

Firstly A would get trapped as it can't pay back it's loans, would need to borrow more to pay back it's loan

State B can then tax those businesses since they took loan they would be ropped into the tax net with that tax revenue build the needed infrastructure that would be needed by the industries

The infrastructure would be built based on demand

I say B would be better in both economic stand point and infrastructure in the long run

MEEVEET:

Firstly A would get trapped as it can't pay back it's loans, would need to borrow more to pay back it's loan

State B can then tax those businesses since they took loan they would be ropped into the tax net with that tax revenue build the needed infrastructure that would be needed by the industries

The infrastructure would be built based on demand

I say B would be better in both economic stand point and infrastructure in the long run

You want state B to tax people on what basis? Tax is based on the provision of infrastructure and services.

State A will toll and price its service. How can it get trapped by loans. It is the perfect opportunity for private sector management while government regulates.

You have a very elevated view of cash.

I have laid out a pretty strong argument - much of which you have not addressed.

At this stage we have to agree to disagree.

gosmoney:
because he no support ur Pandora idiotic and obidoit follower like u? Dey joke 🤣 😂 😆 😒

Your stupidity is irreparable. How you arrived at your myopic deductions is nauseating.. go get a life

BreconHills:


You want state B to tax people on what basis? Tax is based on the provision of infrastructure and services.

State A will toll and price its service. How can it get trapped by loans. It is the perfect opportunity for private sector management while government regulates.

You have a very elevated view of cash.

I have laid out a pretty strong argument - much of which you have not addressed.

At this stage we have to agree to disagree.

Lol this is where you get it wrong

You can only tax people who work or make profit which state B would have higher number of... Because their business as government loan funded their account would be open book

You tax then build infrastructure not build infrastructure then tax

For A most of the infrastructure would he unused because the economic power of the people would be very limited... Most of the infrastructure as the case of nigerian rail would require government fundings to keep them afloat... So how can you tax poor people

Take Lagos rail for example... It's impossible for them to charge what they need to get profitable because the people are too poor

Jsucre:
to get your brothers informed

Last last!

Most people brother living in Lagos will be affected..

There are equal numbers of SE and SW individual who built their houses in Lagos.