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Nairaland Forum / Nairaland / General / Politics / Is Government A Savings Account? Oshiomhole Challenges Peter Obi (21914 Views)
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Re: Is Government A Savings Account? Oshiomhole Challenges Peter Obi by thesicilian: 4:56pm On Jan 24, 2023 |
rickyrex:Have you been living in North Korea all these while? |
Re: Is Government A Savings Account? Oshiomhole Challenges Peter Obi by omonnakoda: 6:06pm On Jan 24, 2023 |
DMerciful:Foreign reserves are not savings and they do not belong to the government They belong to the CBN I am sure you are misled by the word RESERVE BUT they are not SAVINGS Repeat NOT savings Inform yourself properly before spouting ignorant opinions The CBN has assets and liabilities. The Naira is a CBN liability and the reserves are CBN assets that give value to the Naira This stuff is not in the Nwa boy syllabus |
Re: Is Government A Savings Account? Oshiomhole Challenges Peter Obi by DMerciful(m): 6:14pm On Jan 24, 2023 |
So why were you jokers blaming GEJ when it dropped? omonnakoda: |
Re: Is Government A Savings Account? Oshiomhole Challenges Peter Obi by omonnakoda: 6:20pm On Jan 24, 2023 |
DMerciful:What is the relevance of this idiocy? Just educate yourself about what foreign reserves mean Admit you were ignorant,learn and move on Foreign reserves are not savings and are managed by the CBN not the government If you do a search you will find where Sanusi talked about defending the naira in 2014 You obviously are badly educated and cannot reason coherently What is the connection between what I said and GEJ? |
Re: Is Government A Savings Account? Oshiomhole Challenges Peter Obi by CSTRR: 6:20pm On Jan 24, 2023 |
hopexter:Mere roads? But roads and flyovers is what you were talking about in that nonsense post of yours. So roads is no longer important now. He not only built roads,he also built schools and hospitals. He gave loans and grant to citizens among others. You don't know the color of your problem yet. |
Re: Is Government A Savings Account? Oshiomhole Challenges Peter Obi by CSTRR: 6:25pm On Jan 24, 2023 |
omonnakoda:Nonsense. Foreign reserves are savings. You actively decide to save and increase foreign reserves. It's not an automatic occurrence. It doesn't just happen. It's a planned decision to set aside foreign currency as an external buffer for the nation. It's savings in its truest form. The only difference is that it is used to secure economic stability and make borrowing easier. A thief cannot increase your foreign reserves. Someone that wants to share it all cannot increase your foreign reserves. The Dollars would be diverted to something else. Claiming that the foreign reserves belongs to CBN and not FG is splitting hairs. It's a product of bad belle. A corrupt president can lean on the cbn would to your foreign reserves. A frugal president will grow your foreign reserves. Bad belle would make you call white as black. 1 Like |
Re: Is Government A Savings Account? Oshiomhole Challenges Peter Obi by omonnakoda: 6:26pm On Jan 24, 2023 |
CSTRR:it you are expecting me to engage you it will not happen Believe what you want |
Re: Is Government A Savings Account? Oshiomhole Challenges Peter Obi by DMerciful(m): 6:27pm On Jan 24, 2023 |
You have a motive for this outburst but not today... omonnakoda: |
Re: Is Government A Savings Account? Oshiomhole Challenges Peter Obi by CSTRR: 6:28pm On Jan 24, 2023 |
omonnakoda:Ofcourse, you can't engage Me na. I have intellectually decimated you on this forum many times. And it's not even hard. Your bad belle has degraded your rationality. |
Re: Is Government A Savings Account? Oshiomhole Challenges Peter Obi by omonnakoda: 6:29pm On Jan 24, 2023 |
CSTRR:sure can you fucck off now? |
Re: Is Government A Savings Account? Oshiomhole Challenges Peter Obi by CSTRR: 6:29pm On Jan 24, 2023 |
DMerciful:That guy would call white as black if it helps to demarket Peter obi or Igbo people. He is smart enough to know that he is talking bullshit. 1 Like |
Re: Is Government A Savings Account? Oshiomhole Challenges Peter Obi by omonnakoda: 6:42pm On Jan 24, 2023 |
DMerciful:You can see enemies hiding behind the TV MY point to you was a technical one. Forex reserves are not assets of the government If the government sells oil and receive s dollars It exchanges them for naira with the CBN.The dollars thenceforth belong to the CBN which has issued naira that the government then spends into the economy That naira is CBN DEBT. Those holding naira are creditors of the CBN Securitized by the reserves and that is why defending the naira simply means selling dollars by the CBN to redeem its debt. There is a fundamental difference from Excess crude account which belong to government Learn to learn |
Re: Is Government A Savings Account? Oshiomhole Challenges Peter Obi by Wons(m): 6:59pm On Jan 24, 2023 |
Not at all.. it is an establishment where you embezzle all the funds and leave debts.. |
Re: Is Government A Savings Account? Oshiomhole Challenges Peter Obi by Mrquote: 7:05pm On Jan 24, 2023 |
thesicilian:And is more delusion and myopic to think saving is bad idea. |
Re: Is Government A Savings Account? Oshiomhole Challenges Peter Obi by hopexter(m): 7:11pm On Jan 24, 2023 |
CSTRR: Go through my post again and read it without emotions and tell me where I mentioned road. Mention the names of the schools and hospitals he built. You know the meaning of loans don’t you? You’re giving loans to make profits while you ignore the basic necessities needed with said funds. Pls don’t talk about road when we call if roads in Anambra, we know those who constructed the major roads. We know your types and how your quickly insults those you feel intimidated by. It will be wrong to bring myself low to exchange insults with you. ![]() |
Re: Is Government A Savings Account? Oshiomhole Challenges Peter Obi by Idiko1: 7:15pm On Jan 24, 2023 |
Only in a zoo such as Nigeria will such idiotic statement comes from the putrid mouth of political activist. |
Re: Is Government A Savings Account? Oshiomhole Challenges Peter Obi by Paullo19: 7:16pm On Jan 24, 2023 |
thesicilian: This one that is not saving, how have u benefitted from them ![]() |
Re: Is Government A Savings Account? Oshiomhole Challenges Peter Obi by rickyrex(m): 7:54pm On Jan 24, 2023 |
thesicilian:them tell you say nah everything wey happen for your back yard you know about |
Re: Is Government A Savings Account? Oshiomhole Challenges Peter Obi by CSTRR: 8:16pm On Jan 24, 2023 |
hopexter: You are an illiterate. I won't bother listing what he did.. I would leave that for those that have eyes. I am more concerned about your economic illiteracy. Soft loans and grants, especially for MSMEs are the greatest poverty killer in these developing world. It's not flyovers and bridges. It's capital. Capital for small businesses. That is the only way to kill poverty at the micro level in Nigeria. Soft loans and grants are the best way that govts all over the world reduce the poverty. Nigeria has largest number of poor people in the world. More poor people than even India. Small business is the solution to national poverty. Talking down on loans shows that you don't know the greatest need of your country and how to solve it. You are just a bigot who knows nothing and will end up voting for nonsense. 1 Like |
Re: Is Government A Savings Account? Oshiomhole Challenges Peter Obi by Hahjascho(m): 8:18pm On Jan 24, 2023 |
thesicilian:Lol, the bible verse does not enter here. After doing the needful, what is left is supposed to be saved...depicting accountability and transparency. To those people, spending d residual funds would be an avenue for them to steal and siphon...not that they have a better goals to achieve. A vision less spendthrift only sees what to spend on. No savings, no planning, no backup...just spend to increase d chances of looting. |
Re: Is Government A Savings Account? Oshiomhole Challenges Peter Obi by kcbaba007: 8:51pm On Jan 24, 2023 |
oikirodah: When you know the man is clean, you now feel you can bring him down using baseless and foolish propaganda, APC does not save but instead put Nigerians in serious gbese of 77trn naira..... Who wise pass, person wey dey save and person wey dey prodigal every money he see..... APC govt. are prodigals. |
Re: Is Government A Savings Account? Oshiomhole Challenges Peter Obi by kcbaba007: 8:54pm On Jan 24, 2023 |
Ezeama400: All APC urchins and their principals are prodigals |
Re: Is Government A Savings Account? Oshiomhole Challenges Peter Obi by tymicjay77: 9:09pm On Jan 24, 2023 |
Stupidity is when you say something you know nothing about ..... Can someone help me tell Osho monkey that Nigerians in 2023 are wiser than Nigerians in 2015.we dnt get fooled with propaganda anymore. That Is the secret why Tinubu is not doing too well in the campaign this year's cos we dnt get fool by propaganda anymore. They used the propaganda tactic against GEJ , we all fall for it, they realize they can't use it on Peter Obi.... |
Re: Is Government A Savings Account? Oshiomhole Challenges Peter Obi by Friend22(m): 9:21pm On Jan 24, 2023 |
post=120330114:Oga,don't even go there! Oshiomole is better than Obi in all ramifications as an administrator. The roads prof Soludo alluded to in his article about peter Obi where an elder advised him not build "Peter Obi roads" but rather "Ngigei roads" that's what you are saying? Quote me anywhere, there's no governor in the history of Edo state that has done more roads,built more schools and community projects than Oshiomole. Or you think Oshiomole is like Ortom of Benue that only speaks when he wants to curry favour from Christians? Abeg,shift if you no get better thing to talk! |
Re: Is Government A Savings Account? Oshiomhole Challenges Peter Obi by tymicjay77: 9:22pm On Jan 24, 2023 |
omonnakoda: Guy you are the one that is very wrong, a nation foreign reserve is the nation money being save in another nation currency. If Nigeria foreign reserve is $40billion ,it actually means Nigeria has a savings of $40billions in other nation currency . It could be $,€ or £ , depending on the common acceptable currency of the world. So if the country decided to take out of her foreign reserve it means , the country is not saving instead the country is spending out of it. It could be any means of spending either to pay off foreign contractor or foreign debt.. so the guy you quoted as wrong is right , if he say Nigeria has a savings in form of foreign reserve.. |
Re: Is Government A Savings Account? Oshiomhole Challenges Peter Obi by maxxx(m): 9:27pm On Jan 24, 2023 |
Later you will go cap in hand to borrow from China...How did China get the money they lend to you ? Is not from their reserves/ account ?...If they had consumed all they made whill they have left over to lend to you ?...Common sense is not common. |
Re: Is Government A Savings Account? Oshiomhole Challenges Peter Obi by omonnakoda: 9:30pm On Jan 24, 2023 |
tymicjay77:. Is this something you read about somewhere or that you have practical experience of? E.g do you know what currency swaps are or any technical knowledge of the management of reserves e.g working in a firm that warehouses or processes. Foreign reserves? I want to believe that when your first statement is YOU ARE WRONG That you have some experiental knowledge of what you are saying Recently airlines accused the CBN of TRAPPING their funds Do you understand the meaning of that in the context of Foreign reserves and exchange rates? Please do not go about looking for arguments in stuff oh do not understand without the humility to ask politely The foreign reserves are a signal.to foreign investors that they can get their money out with ease. Without foreign reserves,naira is paper. And the CBN is obliged to sell those dollars in exchange for its. Paper the naira at its. Official rate. The CBN is a bank and a separate legal entity it is NOT the government |
Re: Is Government A Savings Account? Oshiomhole Challenges Peter Obi by Obyino: 10:03pm On Jan 24, 2023 |
Okealaaye:Nah only igbos de Lagos … just keep quiet 🤫🤫 |
Re: Is Government A Savings Account? Oshiomhole Challenges Peter Obi by Ance4Liverpool: 10:16pm On Jan 24, 2023 |
Structureless party giving everybody headache. Nigerians vote wisely if una like |
Re: Is Government A Savings Account? Oshiomhole Challenges Peter Obi by kellyzaf(m): 10:22am On Jan 25, 2023 |
thesicilian: Then among these top 3 politicians contesting for the Nigeria highest office, who is more competence? Guess you are not living in Nigeria for over the decades that APC and PDP with same set of people has been toying with Nigeria economy and the people. Plz i m.waiting for your faithfulness. Thank you |
Re: Is Government A Savings Account? Oshiomhole Challenges Peter Obi by godofuck231: 11:18am On Jan 25, 2023 |
MeaslesMumpsRub:except your girl get ashawo vibes |
Re: Is Government A Savings Account? Oshiomhole Challenges Peter Obi by thesicilian: 12:59pm On Jan 25, 2023 |
kellyzaf:For starters they're all frauds like I said before. In terms of competence, Tinubu is way ahead of the other 2 When you talk of "the same set of people toying with the Nigerian economy and people" then you shouldn't be campaigning for Obi because he's also part of them. Wasn't he a member of this same PDP until last year when he had to leave because of his personal ambition? Wouldn't you be campaigning for PDP right now if Atiku had stepped down for him? |
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