Please stop picking singular actions of igbo elite to represent the igbo.

Go and compare the voting patterns of the igbo and yoruba for our respective candidates in previous elections, then come back.

Putindbutt:

You're saying the same thing in a different way, Abiola won one state in SE, Obi won one state in the SW, Tinubu won zero state in SE. Stop deceiving yourselves, we are wiser than you.

Ogbeni, you no wise anything. REST! Obi won LAGOS! you know lagos is vastly heterogenous with a large igbo population. That's why Obi won.

MKO on the other hand won in a core igbo state.. ANAMBRA seen as the heart of igboland.
I don't even want to compare the percentage win of abiola in the other Eastern States to Obis win in the other core yoruba states.

Guy, rest... una no wise at all. 😂

Tinubu does not feature here. I am comparing the votes of 2 good candidates from the east and west by people of their region.

In 1993, despite the igbo having a dog in the fight via the Tofa ticket, a non igbo ticket still had an excellent consideration in the south east

I dont expect you t understand sha.. thecthought process is way higher than your paygrade.

Retarded urchins have as usual gathered on a Saturday morning to defend their failure of a president... buffoons!

😂 😂.. I repeat. Truth will need just less than 0.5 secs to catch up with lies.

Until you all realise, that your fathers made you hate the igbo for nothing, your country will NOT MOVE FOWARD... mark it!

Continue being in denial. 😂

😂 😂

Igbos rejected MKO YET he won in Anambra and narrowly lost in the other Eastern States... getting a sizable number of votes in Imo, Abia and Enugu. YET, the yorubas tag the igbos tribalistic.

Which state did Peter Obi win in the west apart from Lagos ? Which core yoruba state did he win in ?
Now compare Obis performance in the south west to Abiolas performance in the south east?

You insult the igbo for giving Obi 90%+ in the elections forgetting the exact same picture played out in 1993.. 🤦🏾‍♂️

Every account on this issue has clearly said it wasn't an igbo coup yet AGENDA MUST AGEND ABI?

IBB said MKO won that election fair and square.. you went mute.

IBB said the 1966 coup wasn't an igbo coup and infact whose aim was to install Awolowo as president... fiam, una preeq don rise, masturbation don start as una hear igbo 😂

Listen, lies will run for thousands of years ahead but the truth will catch up in a second.

The earlier you all realise that NIGERIA CAN NEVER... AND I MEAN NEVER MOVE FOWARD AS LONG AS YOU CONTINUALLY PUT DOWN THE IGBOS, DENYING YOUR GENOCIDE AGAINST THEM FOR NO GOOD REASON, NIGERIA WILL NOT MOVE FOWARD!!

You are yet to realize it but Nigerias progress is stuck in 1967. You want to move foward? Revisit the events of 1967 - 1970 , and make amends otherwise FORGET IT!

Godwin4444:
call your foolish tribe men to order, remind them u are no longer dealing with Fulani who are docile

Yorubas will give u wotowoto

with which balls?? those 2 atrophic things hanging between your legs .. People with natural cowardice dey make mouth.

yes, it is true! its beind disussed on channelstv....

wike is a goner!! Damagum is next!!!

ALTERNATEID:


Have we been able to expand the economy by spending all our forex earnings plus loans to subsidize PMS and defend the naira in the last 30 years or so? That’s definitely not the way to go. It only leads to debt and economic stagnation. That’s why we are where we are today.

First, we need stability. Once we stop spending on subsidies for a sustained period of time, the gains will start accumulating and we can spend on areas of economic development. Infrastructure, health, tech, start ups, msmes, education, agriculture, increased oil production etc.

It is going to take a bit of time. There is no shortcut to it. Even foreign investors will flood in once they see we are finally serious about getting our macro economic priorities right.

😂 😂... my brother, every serious nation subsidises its energy sector in some way... otherwise we are making no headway but let me understand your thought process.

Removal of Subsidy frees up funds ba? What then is point of subsidy removal when CURRENCY FLOATATION has wiped of its gains?

Why are companies pulling out if the future is bright? Companies that NEVER PULLED OUT during the dark days of the military and some of the worst economic conditions like SAP?

It appears you guys don't understand the impact of the damage of the twin policies of subsidy removal and naira floatation.. 😂

mrvitalis:

I have been explaining this same thing for 3 years..

Do you think it's a cultural thing?.

it's straightforward partisanship and bigotry built on a foundation of illiteracy.

At the end of the day they must rid the party of nyesom wike to make any headway.

ALTERNATEID:
As we don’t have the revenue to keep defending the naira as we’ve seen in the last 12 years or so, let’s keep borrowing to keep petrol prices and exchange rate low.

At the time Buhari was leaving, our debt to revenue was already 97%. If Tinubu did not change course, we would be doing over 110% by now instead of 67%. We would have started defaulting and by now, no one will be willing to borrow us money again.

No one is against defending the naira, the problem is we don’t have the money to defend it. We need to improve and expand our economy to make more money and using all our earnings plus loan to defend the naira and pay PMS subsidy will not expand the economy. At least, it has not done that in the last 15 years.


Buhari did exactly what Peter Obi said he would do for 8 years and we all saw the sorry state of the economy that he left behind.

How do you expand the economy? 🤔... where will you get money to do it?

mrvitalis:

developmental economics is very complex but I would use a sector to illustrate for you

Let's take pharmaceutical ;- this is an industry Nigeria can have comparative advantage and dominate at least on the African continent

President, calls the pharmaceutical companies
What do you import that you can produce locally if you have credit And would do you need to expand and dominate the African continent

Say the top 50 companies list their demands and it's say about 3 billion dollars

The president borrows the money at a low interest since nations loans have low intrest of say 1.5% per year

Gives the loan to banks at 3% per year intrest in the condition that they give the loan to the pharmaceutical companies at not more than 7% per year... The government gives banks 5 years zero payment and no interest if they give the pharmaceutical companies same

Now you have pharmaceutical companies with a 3 billon warchest...
Will improve
1) local sourcing of input materials
2) expand production
3) increase revenue
4) they would have to employ more people 10s of thousands
4) their tax payment increase

Government
1) traps the pharmaceutical companies into the tax bracket with more access to their books
2) increase revenue from them
3) their loan repayment is used for debt services
4) job creation surges

The ripple effect is felt across the economy

This is an oversimplification, but imagine this in 15 sectors..... Imagine the employment, money in circulation

I don't understand how this is too difficult for folks too understand abi na the quality of posters wey dey this forum? ..

Topman7:


Peter Obi is a corrupt, useless pretender who has no clue how to run an economy.

What did he do as governor of Anambra state apart from building a brewery?

He also refused to pay state doctors for a year. Goodness knows how they survived.

Meanwhile Obi’s personal bank accounts in the Cayman Islands were bulging with millions of dollars of stolen money.

Now he has turned ‘Professor of Economics’, prescribing mass borrowing as the way out, condemning future generations to heavy indebtedness.

We want nothing to do with him!

No wahala! Enjoy the one you want something do with 😂 😂

These tribalistic cunts will never cease to tickle me 😂

mrvitalis:

Obi too quiet... Man spent over a million dollars to educate himself on governance

Came back proposed solution to solve problems and you hate him because of where he is from

See what's happening the Air peace today.. The same man preaching ome Nigeria

Igbos are hated because we are loud blah blah blah... Today see people celebrating his indictment... Lmaooo I would like to ask him if he is loud too to bring the hate to him

Go to North core North a significant doctors, nurses and pharmacist are igbos... They trust Igbos with their life but are brainwashed wash same Igbos would kill them if they become president

Nigerians never ready

My brother, its irritating but no worry yourself, eye go clear them. No just worry.

Na my people for South east I dey vex for. It is time we sef put our house in order. Let's look inwards and stop looking at others.

Obaaderemi2:
As long as they have access to the dollar unlike the days of Buhari when they were strangled and we're at the mercy of the black market.

Exactly my point! Borrow to defend naira and keep it at a level that local companies will find convenient to produce with. That is Obis aim.

The problem all this while is that cheap dollars have gone into consumption and NOT production!

Ensa777:


This is where pettiness jam pettiness.
I remember what Wike did to Célestine Omehia.Recalled him as one of de ex Govs, to spite Amaechi,and even added his pic frame to show it.
Months later,still use his hand to remove him and stripped him of them.

Don't mind the Bot.. Wike himself is king of pettiness ! 😂

Obaaderemi2:
You can borrow money to do that. But borrowing money to defend a currency so your importers can import more is silly. You can borrow money and through commercial banks put the money into agricultural production and SMEs.

😂 😂... what of local companies that IMPORT RAW MATERIALS NEEDED FOR PRODUCTION?

mrvitalis:

Intervening How by treating symptoms? Giving BDC cheap dollars? ... You have done for 9 years... It didn't work... You have borrowed to build infrastructure for 9 years it has not boasted the economy

Yet Obi propose an alternative that has worked all over the world you are all against him

Na Obi I blame sha if na me I never leave una

😂 😂

nairalanda1:



At the expense of a growing debt burden?

I understand you perfectly. .. but would you really mind increasing your debt AS LONG AS ITS A MEANS TO AN END?
I wouldn't mind at all. Yes, I'm raising my debts by borrowing AS LONG AS WHAT IM BORROWING FOR LEADS TO AN INCREASED REVENUE at the end of the day.

Wow, so igbos are enjoying this government? 😂 😂 Bloody idiots!
See as hunger don confuse all of them finish 😂

richmond500:
if u know, then stop asking me questions that u know, I am avoiding another round of ur silly questions, u have already drained my energy.
I am too old to engage on a second fruitless expeditions.
There is no sense in asking question that u already know the answers to.

Silly questions because you can't answer them 😂.. Next time don't jump into issues you are confused about. Doest tell well on you.

And by the way, if Nigeria was floating its currency during Covid 19, we would have been way worse than we were.. QED!


Have a nice Sunday Bro. 😂

Bro, if you really understand currency floatation and you understand the Nigerian problem, you'll see it offers us no advantage AT THIS POINT IN TIME. just leave the matter 😂

richmond500:
.

I no get time to explain this, there are many benefits and it's not hidden to common sense.
If u want to know about the benefits, just go to Google and type "benefits of floating exchange rate"
U don already drain my energy like leech

O trust me! I know. Na you I dey ask to tell us the benefit of currency floatation TO NIGERIA and its specific circumstance. Leave Google! 😂

Google has no solutions for the Nigerian problem. Na you mention economic stability.. oya explain na.. wahala! 😂

challoxxx:
I remember vividly when Obi Wali was murdered ; the whole of Mile 4 was in chaos hmmm; how time flies

I remember.. 1993.. even Apiti of Rumueme was fingered in it.. crazy times 😂
His wife smuggled in assassins who butchered and dismembered him.m
It was horrible!

Chijioke Ihunwo rugged sha! 😂 . WIKE don use im own hand destroy im legacies 🤦🏾‍♂️

Obaaderemi2:
Keep their currency stable by ramping up production not by borrowing more to add to a debt profile that's already a quarter of your GDP. Obidunces are just stupiid

Very good! 😂 😂... Pray tell, HOW DO YOU RAMP UP PRODUCTION?

Sergio103:
Dear Seun, please if you can help provide a block button for nairaland users....we will really appreciate.

Please it's really important especially in this messed up economy of the country. There are some monickers that are just here to punish fellow citizens (maybe not). And I wouldn't like if I enter a thread, they will just fill it spewing balderdash.

Twitter is day by day taking over.

There are some good reasonable APC members you at least get to listen to, view thier opinion and get to argue constructively i.e Legendhero.

But you see this moniker as Helinues and bands of scallywags....I just want to block them from my feeds

Seuns, thanks for consideration

😂 😂.. ignore the guy! Which block wey you wan BLOCK am wey im own family members never BLOCK am? 😂

richmond500:
"Now when a currency is floating, it can adjust to shock from external influence".
That is what I said from the comment u quoted.
I never said the only way for our economy to be stabilized is through currency floatation. There are other factors and policies that play a major role, u are telling me to admit that the only way to stabilize the economy is through currency floatation, which u know that isn't what I said.

I also made mentions of covid-19 in that comment, that is an example of external force outside economics. I wonder why u missed the whole point and fix-in something that wasn't there to begin with.

Nope! I NEVER said that was what you said. Now, you are the one trying to say what I didn't say. That guy asked you the benefit of floating our currency AND YOU MENTIONED ECONOMIC STABILITY in the context of an external shock.

Till now you've not said anything different. I've even asked you to answer the question again AND THIS TIME DONT LIMIT IT TO EXTERNAL SHOCKS. What other economic benefits are there for Nigeria in this currency floatation?