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Obasanjo decries Nigeria’s rising debts, low FDI - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Obasanjo decries Nigeria’s rising debts, low FDI (14048 Views)

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Re: Obasanjo decries Nigeria’s rising debts, low FDI by Blackfire(m): 6:22am On Aug 22, 2021
Igbo people should warn there brother obj to keep quiet, the president is washing away years of PDP rottenness..



We the youths stand with our Darling president




North 2023
South take note
Re: Obasanjo decries Nigeria’s rising debts, low FDI by HandsomeHITLER(m): 6:25am On Aug 22, 2021
I'm not stupid... He's right about the debts, just that he's guilty all the same. Just too old to be ashamed.
ecolime:

Stop exposing your stupidity online.
Re: Obasanjo decries Nigeria’s rising debts, low FDI by Cantonese: 6:26am On Aug 22, 2021
Smartini:
At least we know foreign investors such as DSTV, ShopRite, MTN and co came into Nigeria during OBJ's tenure as president of Nigeria.

But I'm yet to see a single foreign investor that has birthed itself on our shores for the past 10 years.

Nigeria has one of the worst business environments for foreign investors, and why? Because most of our headlines being displayed on the media to the global audience has more negative content than positive content.

Nigeria is being promoted to foreign investors as an unlivable country bedevilled by insecurity, crime, political instability, bad roads and no electricity. And that's why Ghana has suddenly become the investor's paradise in West Africa.

Last time I checked, 1 cedi = 0.17 $US as at this morning

Nigeria can continue on this path to eternal doom. cry cry cry We'll be here to give the country a warm farewell

DSTV came into Nigeria long before Obasanjo’s presidency.
Re: Obasanjo decries Nigeria’s rising debts, low FDI by nedekid: 6:31am On Aug 22, 2021
kudinkarfe:
Baba Obasanjo should not talk again. He knows that his friend Pa Bubu has poor economy management and he forced him on us by forcing Good luck out of office for reason best known to Baba. When Pa Bubu is done with this country Katsina and Sokoto will break out of Nigeria and join Niger where they are keeping the loot.
You have a point sha.
Despite baba being right, he amongst others brought this calamity on us.
Re: Obasanjo decries Nigeria’s rising debts, low FDI by Afamsi: 6:31am On Aug 22, 2021
HandsomeHITLER:
As if he also didn't steal some
Buhari media cow, continue suffering and smiling

2 Likes

Re: Obasanjo decries Nigeria’s rising debts, low FDI by kudinkarfe: 6:33am On Aug 22, 2021
nedekid:

You have a point sha.
Despite baba being right, he amongst others brought this calamity on us.
yeah and he knows Buhari more than anybody.

3 Likes 1 Share

Re: Obasanjo decries Nigeria’s rising debts, low FDI by HandsomeHITLER(m): 6:33am On Aug 22, 2021
God forbid me being in support of Bihari, the old fool!!! They're all guilty of collapsing the country.
Mind you, it is possible to hate Obasanjo and Buhari at the same time.
Afamsi:
Buhari media cow, continue suffering and smiling

1 Like

Re: Obasanjo decries Nigeria’s rising debts, low FDI by Afamsi: 6:33am On Aug 22, 2021
Blackfire:
Igbo people should warn there brother obj to keep quiet, the president is washing away years of PDP rottenness..



We the youths stand with our Darling president




North 2023
South take note
You ought to be in a cage in one of the zoos

4 Likes

Re: Obasanjo decries Nigeria’s rising debts, low FDI by Splashme: 6:35am On Aug 22, 2021
Terrible
Re: Obasanjo decries Nigeria’s rising debts, low FDI by Magnus01(m): 6:39am On Aug 22, 2021
Buhari and APC have destroyed this country.

Check out my Signature to buy data plans at cheap rates
Re: Obasanjo decries Nigeria’s rising debts, low FDI by Brushstrokes20: 6:45am On Aug 22, 2021
Spot on!... Buhari is sole destiny is to sink the Nig beyond redemption undecided

The doomed, diabolic, nepotic vegetable is all shades of incompetence, lies, deceit, tyranny and gross misrule misrule et.al...
Re: Obasanjo decries Nigeria’s rising debts, low FDI by adecz: 6:45am On Aug 22, 2021
☹️☹️☹️

Buhari that has never run any
successful venture in his life is leading
a complex country like Nigeria.
❌❌❌
His mate Atiku emphasized that even
the cow business he runs is never
successful as the cows no dey ever
increase for number.
❌❌❌
Even to chop be problem for his
skinny cows. That is why, under his
government, all of us don come dey
skinny pass him cows, even as he keeps
on piling debts for our grandchildren.☹️☹️☹️

1 Like

Re: Obasanjo decries Nigeria’s rising debts, low FDI by Truvelisback(m): 6:47am On Aug 22, 2021
Where are all the loots/money recovered?

1 Like

Re: Obasanjo decries Nigeria’s rising debts, low FDI by Brushstrokes20: 6:54am On Aug 22, 2021
Thumbs up baba iyabo, at least you made Nig a debt free nation.... grin
Unlike the lifeless daddy of brainless buffoons that has plunged the country into humongous debt with very little or nothing to show for it undecided
Re: Obasanjo decries Nigeria’s rising debts, low FDI by nograv: 7:00am On Aug 22, 2021
blackpanda:


All y'all are good at is to insult. If they give u opportunity now u won't do any better

Bros at this point anyone could do a better job than Buhari..

If you ruled for all Nigerians you would instantly be doing a better job..

Tackle the herdsman problem properly, prosecuting those who don't respect private property you would instantly be doing a better job..


Tackle Boko Haram and IWASP properly, attacking these insurgents in their strongholds and prosecuting those who surrender and executing those guilty of war crimes.. You would instantly be doing a better job..

Engaging Yoruba, Igbo, Delta and Tiv groups to address their grievances with the current setup of Nigeria. Bringing those who resorted to violence to book. You would instantly be doing a better job..

Reducing senator salaries to below those of advanced Western nations you would instantly be doing a better job..


Performing a true census to know how many Nigerians there actually are in each state then allocating funding to states on the basis of need you would instantly be doing a better job..

Demanding each state performs a yearly audit to see how the federal allocations are actually spent you would instantly be doing a better job..


Spend less time flying abroad and more time visiting each state to see progress in person you would instantly be doing a better job..


Stabilising the economy through massive infrastructure investment. Better roads, Rail, Portand Air connections.. Projects must have to have economically sound reasons before being built, unlike the railway line to Niger you would instantly be doing a better job..

Also the above infrastructure projects must be carried out by native Nigerian companies. Nigerian companies are capable as the new Oshodi terminal has shown.. doing this you would instantly be doing a better job..

Reopening Southern Borders and securing all of them to stop the migration of illegal immigrants who increasingly settle in Nigeria you would be doing a better job.

Since we have repeatedly failed on power and water distribution. Setup turn key projects for power, water and sewage like Dubai or Singapore. Where foreigners build and maintain for 100 years with a proper planned handover process to native Nigerians you would instantly be doing a better job..

Allocate special city status to larger conurbations like Lagos, Abuja, Onitsha, Kano etc. With increased funded to get them to a developed status. This would spur urbanisation, investment and overall wealth creation like in China. This would immediately mean you are doing a better job than the vegetable..

Prosecute all politicians and public servants of either party found to be guilty of corruption, with immediate execution if found guilty. Do that and you would be doing better than Buhari

Bros there are so many things anyone with common sense could do, to improve the lot of people in this nation.

Buhari is an uneducated illiterate so he doesn't have any ideas..

6 Likes 2 Shares

Re: Obasanjo decries Nigeria’s rising debts, low FDI by flokii: 7:01am On Aug 22, 2021
With the insecurity everywhere and cows roaming the streets, destroying people's farmlands and properties and some ethnicities now behaving as if they are above the law, how do you expect foreign investors to come into Nigeria.

You have a sitting president who is not bothered about the poor economic situation, high inflation rate and herders attrocities but concerns himself with grazing routes and reserves for cattle and how to reclaim encroached lands for fulani herders across the country. Even local imvestments are packing up but it's cows that is their headache.

1 Like

Re: Obasanjo decries Nigeria’s rising debts, low FDI by lampedusa: 7:02am On Aug 22, 2021
OBJ should sharap. He is part of the problem. He is 2 faced hypocrite
Re: Obasanjo decries Nigeria’s rising debts, low FDI by blackpanda: 7:07am On Aug 22, 2021
nograv:


Bros at this point anyone could do a better job than Buhari..

If you ruled for all Nigerians you would instantly be doing a better job..

Tackle the herdsman problem properly, prosecuting those who don't respect private property you would instantly be doing a better job..


Tackle Boko Haram and IWASP properly, attacking these insurgents in their strongholds and prosecuting those who surrender and executing those guilty of war crimes.. You would instantly be doing a better job..

Engaging Yoruba, Igbo, Delta and Tiv groups to address their grievances with the current setup of Nigeria. Bringing those who resorted to violence to book. You would instantly be doing a better job..

Reducing senator salaries to below those of advanced Western nations you would instantly be doing a better job..


Performing a true census to know how many Nigerians there actually are in each state then allocating funding to states on the basis of need you would instantly be doing a better job..

Demanding each state performs a yearly audit to see how the federal allocations are actually spent you would instantly be doing a better job..


Spend less time flying abroad and more time visiting each state to see progress in person you would instantly be doing a better job..


Stabilising the economy through massive infrastructure investment. Better roads, Rail, Portand Air connections.. Projects must have to have economically sound reasons before being built, unlike the railway line to Niger you would instantly be doing a better job..

Also the above infrastructure projects must be carried out by native Nigerian companies. Nigerian companies are capable as the new Oshodi terminal has shown.. doing this you would instantly be doing a better job..

Reopening Southern Borders and securing all of them to stop the migration of illegal immigrants who increasingly settle in Nigeria you would be doing a better job.

Since we have repeatedly failed on power and water distribution. Setup turn key projects for power, water and sewage like Dubai or Singapore. Where foreigners build and maintain for 100 years with a proper planned handover process to native Nigerians you would instantly be doing a better job..

Allocate special city status to larger conurbations like Lagos, Abuja, Onitsha, Kano etc. With increased funded to get them to a developed status. This would spur urbanisation, investment and overall wealth creation like in China. This would immediately mean you are doing a better job than the vegetable..

Prosecute all politicians and public servants of either party found to be guilty of corruption, with immediate execution if found guilty. Do that and you would be doing better than Buhari

Bros there are so many things anyone with common sense could do, to improve the lot of people in this nation.

Buhari is an uneducated illiterate so he doesn't have any ideas..


Lmao..all what u mentioned is exactly what buhari is doing, yet haters like u keep insulting him.

You see, it's always easier and more fun to criticize and insult than to be a leader. Go and contest and win first, then come back and give you story.


Nigeria is one of the most difficult places to govern. Over 250 tribes with more than 500 dialects, all of whom have their own interests and demands. Anybody who manages to become president will have to face ignorant haters who always believe they can do a far better job on the pages of social media.
Re: Obasanjo decries Nigeria’s rising debts, low FDI by aksule(m): 7:09am On Aug 22, 2021
You become an enemy if you try to save a Nigerian from been throw into a pit.
Re: Obasanjo decries Nigeria’s rising debts, low FDI by CodeTemplar: 7:12am On Aug 22, 2021
In other words, we borrowed at average of N300 billion per month.

For 200 million people that averages N1500 per month.
Re: Obasanjo decries Nigeria’s rising debts, low FDI by nograv: 7:13am On Aug 22, 2021
blackpanda:



Lmao..all what u mentioned is exactly what buhari is doing, yet haters like u keep insulting him.

You see, it's always easier and more fun to criticize and insult than to be a leader. Go and contest and win first, then come back and give you story.


Nigeria is one of the most difficult places to govern. Over 250 tribes with more than 500 dialects, all of whom have their own interests and demands. Anybody who manages to become president will have to face ignorant haters who always believe they can do a far better job on the pages of social media.

BS....

Buhari has let Fulani commit genocide with impunity..

Buhari is currently giving Amnesty to ex boko haram members...

Any Yoruba or Igbo agitating for independence as result of the above, has either been jailed like Nnamdi Kano who never advocated violence only self defence or chased to the ends of the earth like Sunday Igboho..

Mtchew, only a lying zombie would say something so stupid "as that is what Buhari is doing.."

You clown.... Sharrap and sit down..

America has various ethnic groups and works better

So does Russia, Brazil and Indonesia. They all work better than Nigeria

As for the favorite answer of a clown "go and contest". Did Sowore not already try, godfathers and outright vote rigging kept him out. Then later they gave him hell with trumped up charges of treason.. We all remember how the DSS snatched him up and beat him black and blue during the court case...

Mumu

2 Likes

Re: Obasanjo decries Nigeria’s rising debts, low FDI by statesman6: 7:21am On Aug 22, 2021
HandsomeHITLER:
As if he also didn't steal some.
I'm not saying he's wrong, but he's guilty all the same, just too old to be ashamed.
To me they're all guilty! Debt or Theft; the effect is the same!!!
angry angry angry
Read before going insane. He was able to get debt forgiven when he was in office. Am not saying he's a good man but Nigeria was in total mess when he was in power and he maintain stability

1 Like

Re: Obasanjo decries Nigeria’s rising debts, low FDI by muhua1: 7:25am On Aug 22, 2021
adenigga:

Source: https://punchng.com/Obasanjo-decries-Nigerias-rising-debts-low-FDI
If obasanjo was able to build all the infrastructure buhari is building now there will be no need for buhari to borrow money.
Re: Obasanjo decries Nigeria’s rising debts, low FDI by boxypane(m): 7:28am On Aug 22, 2021
adenigga:

Source: https://punchng.com/Obasanjo-decries-Nigerias-rising-debts-low-FDI
Debt on debt on debt... Yet no reasonable impact, the economy is on the low.
NEPA bill wielding fanatic.

1 Like

Re: Obasanjo decries Nigeria’s rising debts, low FDI by Danjikanbauchi: 7:37am On Aug 22, 2021
HandsomeHITLER:
As if he also didn't steal some.
I'm not saying he's wrong, but he's guilty all the same, just too old to be ashamed.
To me they're all guilty! Debt or Theft; the effect is the same!!!
angry angry angry
you zombies and Muslims will always want to shift the goal post.

We are talking of dept here. Buhari is a common criminal. He came to steal kill and destroy.
Re: Obasanjo decries Nigeria’s rising debts, low FDI by Chucks234: 7:48am On Aug 22, 2021
HandsomeHITLER:
As if he also didn't steal some.
I'm not saying he's wrong, but he's guilty all the same, just too old to be ashamed.
To me they're all guilty! Debt or Theft; the effect is the same!!!
angry angry angry

It is suprising that you are so uninformed. A little trip to google will improve your knowledge of what OBJ did for Nigeria. He fought for its existence during the civil war and also ensured you were free from debt and all you can think of is he is part of the mess. Please go and borrow a brain.

2 Likes

Re: Obasanjo decries Nigeria’s rising debts, low FDI by LegalWolf: 7:48am On Aug 22, 2021
kudinkarfe:
Baba Obasanjo should not talk again. He knows that his friend Pa Bubu has poor economy management and he forced him on us by forcing Good luck out of office for reason best known to Baba. When Pa Bubu is done with this country Katsina and Sokoto will break out of Nigeria and join Niger where they are keeping the loot.

Looool OBJ “forced” Buhari on you? Did he point a gun to your head while telling you to vote for that failure? Or he did same for over 13 million people that voted for him?

You need to learn how to take responsibility and don’t blame anyone for your failure
Re: Obasanjo decries Nigeria’s rising debts, low FDI by huptin(m): 8:04am On Aug 22, 2021
HandsomeHITLER:
As if he also didn't steal some.
I'm not saying he's wrong, but he's guilty all the same, just too old to be ashamed.
To me they're all guilty! Debt or Theft; the effect is the same!!!
angry angry angry

What is he guilty of? Did he go about borrowing money allnover the world or did he not attract FDIs?

Stealing is a norm in Nigeria but despite stealing under OBJ did the economy not grow massively. Learn to separate stealing from incompetence.

2 Likes

Re: Obasanjo decries Nigeria’s rising debts, low FDI by huptin(m): 8:07am On Aug 22, 2021
Beancounter94:
When the price of what we sell falls below sustenance level...we get into debt.

Throw in low taxation level...and we get into debt.

Nigeria needs to be more productive, and also needs to stop spending money a-subsidizing, and improve taxation, and fight corruption.....then we would see some improvement.

APC on the other hand is waiting for oil prices to shoot up again...

The fact is, one cannot build a successful economy on selling resources...you got to use them to be prosperous.

Under Obasanjo oil price was $9 the highest it got to was $70 yet he paid off debts he inherited even with the low taxation. Oil price has been hovering above $50 for at least a year now why is Buhari still borrowing?

3 Likes

Re: Obasanjo decries Nigeria’s rising debts, low FDI by Sheriman(m): 8:08am On Aug 22, 2021
I don't have anything to say this early Sunday morning.
Re: Obasanjo decries Nigeria’s rising debts, low FDI by KillingIsFun: 8:08am On Aug 22, 2021
OBJ eradicated Nigeria's debt and left Nigeria debt free when he left office. Do you guys even study recent history?


HandsomeHITLER:
As if he also didn't steal some.
I'm not saying he's wrong, but he's guilty all the same, just too old to be ashamed.
To me they're all guilty! Debt or Theft; the effect is the same!!!
angry angry angry
Re: Obasanjo decries Nigeria’s rising debts, low FDI by Jaysnowkid: 8:18am On Aug 22, 2021
The music would have been very melodious had there been any sense of retribution in these dudes. #MakeNigeriaGreatAgain

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