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Tinubu Wants To Make Us Debt Slaves - Politics - Nairaland

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Tinubu Wants To Make Us Debt Slaves by Nobody: 11:08am On Jul 05, 2022
The loan apps promising free money and so called low interest captivated many poor Nigerians, they became debt slaves to the loan apps, Now Tinubu want to totally enslave us with debts and make the bankers more richer, create a banking dynasty and make debts be able to pass on from generation to generation, while the bankers milk us all dry.

I know many Nigerians love that credit system even without understanding that forever they will be slaves to the bankers and government whose hope is to lower your standard of living and make sure you are a slave to them.

2 Likes

Re: Tinubu Wants To Make Us Debt Slaves by Jack005(m): 11:52am On Jul 05, 2022
Where did he mention such?
Re: Tinubu Wants To Make Us Debt Slaves by ElSudani: 11:56am On Jul 05, 2022
Jack005:
Where did he mention such?

He saw it in his dreams.
Re: Tinubu Wants To Make Us Debt Slaves by Lanretoye(m): 11:58am On Jul 05, 2022
You are already one or have you paid all the loans you collected from loan sharks?
Re: Tinubu Wants To Make Us Debt Slaves by Nobody: 12:14pm On Jul 05, 2022
Jack005:
Where did he mention such?

you dont understand anything

what is this?

https://www.nairaland.com/7207755/tinubu-until-good-credit-system
Re: Tinubu Wants To Make Us Debt Slaves by Nobody: 12:15pm On Jul 05, 2022
Lanretoye:
You are already one or have you paid all the loans you collected from loan sharks?

i dont do loan sharks and i have never collected credit from anyone before
Re: Tinubu Wants To Make Us Debt Slaves by helinues: 12:17pm On Jul 05, 2022
There is no debt anywhere as long as na like money from our ancestor Abacha and the likes are been used for the program
Re: Tinubu Wants To Make Us Debt Slaves by Nobody: 12:22pm On Jul 05, 2022
helinues:
There is no debt anywhere as long as na like money from our ancestor Abacha and the likes are been used for the program

are you for real.

which programme?

do you think credit system is a government programme, it is a banking programme
Re: Tinubu Wants To Make Us Debt Slaves by helinues: 12:28pm On Jul 05, 2022
thebosstrevor1:


are you for real.

which programme?

do you think credit system is a government programme, it is a banking programme

And would be funded with our ancestors money

isn't that better than allowing few politicians to chop the money

1 Like

Re: Tinubu Wants To Make Us Debt Slaves by Nobody: 12:34pm On Jul 05, 2022
helinues:


And would be funded with our ancestors money

isn't that better than allowing few politicians to chop the money

it will be funded with your money.

you will be extremely taxed to pay for b that is collecting loans, the banks also can create money from thin air, seems you dont understand how banking works.

you think banking is the way it is written in textbooks
Re: Tinubu Wants To Make Us Debt Slaves by Nobody: 12:35pm On Jul 05, 2022
helinues:


And would be funded with our ancestors money

isn't that better than allowing few politicians to chop the money

How does any of these options, improve the Country? (almost forgot, that's not the point of governance in this space)

Even the survival fund and farmer loan GIVEN by this administration, little to no repayment from beneficiaries.

Unless Tinubu plans to dash out these mortgages, it's a fool hardy plan..

Credit system by federal government will be riddled with greater corruption than ever seen
Re: Tinubu Wants To Make Us Debt Slaves by ElSudani: 12:40pm On Jul 05, 2022
thebosstrevor1:


it will be funded with your money.

you will be extremely taxed to pay for b that is collecting loans, the banks also can create money from thin air, seems you dont understand how banking works.

you think banking is the way it is written in textbooks

Eeyaa, you don't know what credit rating is all about. Credit rating doesn't mean you have to take any loans. It is just a rating system to determine if you are credit worthy or not.
If your credit rating is bad it is either you don't get a loan or you get one at very high interest. If your credit is good you get a loan at more favorable rates.

2 Likes

Re: Tinubu Wants To Make Us Debt Slaves by helinues: 12:41pm On Jul 05, 2022
Thinkam:


How does any of these options, improve the Country? (almost forgot, that's not the point of governance in this space)

Even the survival fund and farmer loan GIVEN by this administration, little to no repayment from beneficiaries.

Unless Tinubu plans to dash out these mortgages, it's a fool hardy plan..

Credit system by federal government will be riddled with greater corruption than ever seen

If there is proper oversight, loan system is a good form of lifting people from poverty. But there are some things that have to be in place. You can't give a loan to a market woman where insecurity wont allow them to go to market, where will they get the loan payment from?

2 Likes

Re: Tinubu Wants To Make Us Debt Slaves by helinues: 12:42pm On Jul 05, 2022
thebosstrevor1:


it will be funded with your money.

you will be extremely taxed to pay for b that is collecting loans, the banks also can create money from thin air, seems you dont understand how banking works.

you think banking is the way it is written in textbooks

Then you don't know how banking credits/loans work

We have very little Billionaires in Nigeria cos most of them are debtors

1 Like

Re: Tinubu Wants To Make Us Debt Slaves by adekolaelect(m): 12:46pm On Jul 05, 2022
Noise makers ... Has he made Lago a slave yard that made some poeple from a Tribe to claim it a no man's land .

Re: Tinubu Wants To Make Us Debt Slaves by Nobody: 12:50pm On Jul 05, 2022
helinues:


Then you don't know how banking credits/loans work

We have very little Billionaires in Nigeria cos most of them are debtors

so where did you think the money is coming from?

from the pool of customer's deposit, sometimes they create money out of thin air. this is called creating new money, they always do that when they give loans
Re: Tinubu Wants To Make Us Debt Slaves by Conrod: 2:48pm On Jul 05, 2022
thebosstrevor1:


you dont understand anything

what is this?

https://www.nairaland.com/7207755/tinubu-until-good-credit-system
Yet you want to vote for him or have you too decamped ?.
Re: Tinubu Wants To Make Us Debt Slaves by Nobody: 5:20pm On Jul 05, 2022
Conrod:
Yet you want to vote for him or have you too decamped ?.

I dont vote during elections and i really don't care who wins because it doesn't matter, even if your candidate wins, it won't change your life
Re: Tinubu Wants To Make Us Debt Slaves by Nobody: 5:23pm On Jul 05, 2022
ElSudani:


Eeyaa, you don't know what credit rating is all about. Credit rating doesn't mean you have to take any loans. It is just a rating system to determine if you are credit worthy or not.
If your credit rating is bad it is either you don't get a loan or you get one at very high interest. If your credit is good you get a loan at more favorable rates.

The issue here isn't credit rating, to give loans,the money must come from somewhere

Also if Nigeria should follow the credit system that also means, the debt will increase and we will often times enter into the cycle of pump and dump
Re: Tinubu Wants To Make Us Debt Slaves by Akanbiedu(m): 6:09pm On Jul 05, 2022
OP

It appears this topic is above your pay grade. Why don't you just stick to ethnic banters, that seems to be your turf.
Re: Tinubu Wants To Make Us Debt Slaves by Nobody: 6:15pm On Jul 05, 2022
Akanbiedu:
OP

It appears this topic is above your pay grade. Why don't you just stick to ethnic banters, that seems to be your turf.

Tell me something new.

Or maybe you don't understand a credit based system
Re: Tinubu Wants To Make Us Debt Slaves by Iceberg3: 6:25pm On Jul 05, 2022
helinues:


If there is proper oversight, loan system is a good form of lifting people from poverty. But there are some things that have to be in place. You can't give a loan to a market woman where insecurity wont allow them to go to market, where will they get the loan payment from?
Please kindly shut up there and allow intelligent and educated people dissect this thread,thank you very much
Re: Tinubu Wants To Make Us Debt Slaves by flamingREED(m): 6:33pm On Jul 05, 2022
Inukwa!
Re: Tinubu Wants To Make Us Debt Slaves by flamingREED(m): 6:37pm On Jul 05, 2022
Two BMCs negotiating their levels of fiscal suffering above. A country that is extremely rich and can release sufficient grants to millions of youths is what they're putting up for a ground of arbitrary loans and interest formulas.
Re: Tinubu Wants To Make Us Debt Slaves by helinues: 6:52pm On Jul 05, 2022
[quote author=Iceberg3 post=114453067][/quote]

Are you exempted?
Re: Tinubu Wants To Make Us Debt Slaves by naija4life247: 6:58pm On Jul 05, 2022
thebosstrevor1:
The loan apps promising free money and so called low interest captivated many poor Nigerians, they became debt slaves to the loan apps, Now Tinubu want to totally enslave us with debts and make the bankers more richer, create a banking dynasty and make debts be able to pass on from generation to generation, while the bankers milk us all dry.

I know many Nigerians love that credit system even without understanding that forever they will be slaves to the bankers and government whose hope is to lower your standard of living and make sure you are a slave to them.

I bind all generational curses of poverty in your life that are making you think so wretched
Re: Tinubu Wants To Make Us Debt Slaves by Iceberg3: 7:36pm On Jul 05, 2022
helinues:


Are you exempted? shut up,thank you very much grin
Re: Tinubu Wants To Make Us Debt Slaves by Rekhina(f): 7:45pm On Jul 05, 2022
thebosstrevor1:
The loan apps promising free money and so called low interest captivated many poor Nigerians, they became debt slaves to the loan apps, Now Tinubu want to totally enslave us with debts and make the bankers more richer, create a banking dynasty and make debts be able to pass on from generation to generation, while the bankers milk us all dry.

I know many Nigerians love that credit system even without understanding that forever they will be slaves to the bankers and government whose hope is to lower your standard of living and make sure you are a slave to them.
by Allah I agree with u Allanguro !
Re: Tinubu Wants To Make Us Debt Slaves by Nobody: 9:35pm On Jul 05, 2022
naija4life247:


I bind all generational curses of poverty in your life that are making you think so wretched

that is what tinubu is planning for you

Generational slavery
Re: Tinubu Wants To Make Us Debt Slaves by Nobody: 9:48pm On Jul 05, 2022
flamingREED:
Two BMCs negotiating their levels of fiscal suffering above. A country that is extremely rich and can release sufficient grants to millions of youths is what they're putting up for a ground of arbitrary loans and interest formulas.

Nigeria is a poor country, it just big for nothing, go check the revenue.

you all want free things, i wonder if you know how things work

the more free things you get, the more tax payers will have to pay more, last last, na the poor go suffer am, you see the rich, you are paying for their lifesyle because at the end, they will send all their money abroad to offshore account when government start taxing
Re: Tinubu Wants To Make Us Debt Slaves by Freethinker87: 9:59pm On Jul 05, 2022
thebosstrevor1:
The loan apps promising free money and so called low interest captivated many poor Nigerians, they became debt slaves to the loan apps, Now Tinubu want to totally enslave us with debts and make the bankers more richer, create a banking dynasty and make debts be able to pass on from generation to generation, while the bankers milk us all dry.

I know many Nigerians love that credit system even without understanding that forever they will be slaves to the bankers and government whose hope is to lower your standard of living and make sure you are a slave to them.

A credit system is a good thing. It's not only good for us Nigerians, it's also good for the country's balance book.

It's not everything you'll criticize na. Be consciously OBI-dient.
Re: Tinubu Wants To Make Us Debt Slaves by Nobody: 10:08pm On Jul 05, 2022
Freethinker87:


A credit system is a good thing. It's not only good for us Nigerians, it's also good for the country's balance book.

It's not everything you'll criticize na. Be consciously OBI-dient.

A credit system is not a good system and also not good for the country's balance book

if we have a credit system that also means more debt for the government because they have to continue printing money to give bank access to cheap money at the end of the day, the bubble will go bust and you end up becoming more poorer and debt slaves

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