Seriously, except carrying his own luggage in airport and getting sympathy votes, Obi hasn't shown anything that will logically qualify him as a presidential material. This is not me hating.
Recently Obi idea of saving our currency was to borrow, I think the idea of borrowing money to save money is a very stupid move. Tinubu policies was far better than Obi idea.
The problem I have with Tinubu is that he is heartless, don't give me the shit about how his policies will only bring temporary pain and we will smile at the end, that's bullshit.

The policies are the kinds that could be executed by a devil. Giving us gbas gbos on a steady is a move that can cause a permanent scar, even though the injury could be temporary, but it could force lots of Nigerians to go through depression, and even if the problems are solved, once u go through depression, u could never get ur sanity back.
The heartless policies from Tinubu is something that should be implemented once at a time for 10yrs, so we can easily deal with shock but, giving us all these in 1yr and 6months is white wickedness.

That being said, though the policies are bizzare, heartless and black but they are way better than what Obi said, Obi policy was never a solution, rather it was to shift the problem to the future which will be detrimental to the country..

No insult me abeg, no be everytime I deh make use of my home training.

richmond500:
Seriously, except carrying his own luggage in airport and getting sympathy votes, Obi hasn't shown anything that will logically qualify him as a presidential material. This is not me hating.
Recently Obi idea of saving our currency was to borrow, I think the idea of borrowing money to save money is a very stupid move. Tinubu policies was far better than Obi idea.
The problem I have with Tinubu is that he is heartless, don't give me the shit about how his policies will only bring temporary pain and we will smile at the end, that's bullshit.

The policies are the kinds that could be executed by a devil. Giving us gbas gbos on a steady is a move that can cause a permanent scar, even though the injury could be temporary, but it could force lots of Nigerians to go through depression, and even if the problems are solved, once u go through depression, u could never get ur sanity back.
The heartless policies from Tinubu is something that should be implemented once at a time for 10yrs, so we can easily deal with shock but, giving us all these in 1yr and 6months is white wickedness.

That being said, though the policies are bizzare, heartless and black but they are way better than what Obi said, Obi policy was never a solution, rather it was to shift the problem to the future which will be detrimental to the country..

No insult me abeg, no be everytime I deh make use of my home training.

Firstly there is no other solutions to Nigeria present economic pitfall than to borrow... Absolutely not

The issue is what you do with the borrowed money that's the Koko

When obi talk about defending the naira by directly investing in the People... That's is the fundamental way of currency defending

1) you reduce demand by improving local production on import substitute

2) you increase supply by funding export potential business

With a currency devalued to a manageable figure you would have a stable economy in max 18 months

Not exchange rate is never a factor but stability of exchange rate

Obi has been consistent since his debate with Osibanjo in 2019

Buhari borrowed for infrastructure
He wasn’t perfect but he did where his power reach
I see what tinubu is trying to do…but at the position Nigeria is today he needs help and can’t do that job alone
Unless it will take us 200 years
Either his ministers sit up and stop sleeping
Or there comes regional government
One man cannot fix all this Wahala
Nigeria is too big

Zaheertyler:
Buhari borrowed for infrastructure
He wasn’t perfect but he did where his power reach
I see what tinubu is trying to do…but at the position Nigeria is today he needs help and can’t do that job alone
Unless it will take us 200 years

what help does he need again.
He chooses his own ministers, he has the nations treasury to implement his ideas, he has the military to execute, he has all executive powers, What help again? Make we give am our kidney?

mrvitalis:

Firstly there is no other solutions to Nigeria present economic pitfall than to borrow... Absolutely not

The issue is what you do with the borrowed money that's the Koko

When obi talk about defending the naira by directly investing in the People... That's is the fundamental way of currency defending

1) you reduce demand by improving local production on import substitute

2) you increase supply by funding export potential business

With a currency devalued to a manageable figure you would have a stable economy in max 18 months

Not exchange rate is never a factor but stability of exchange rate

Obi has been consistent since his debate with Osibanjo in 2019

borrowing money to save money.
Bruh, what are u defending?

richmond500:
Ok

Read again sir

..BATists always with senselessness in everything they do..

..if you have comprehension problems..you can approach a fellow BATist who has just a passable iota of sense to help you out of the comprehension difficulties you found yourself..

..BATists..i will help you a little here..which i normally dont engage in..helping BATists to be sensible..

..there is nothing wrong in borrowing..the question is what do you do with the borrowed loans..

..yes PO is absolutely right because he knows how to create production & increase productivity..which will in the long run add real value to the naira..

..Thief'nubu is borrowing loan to bribe judiciary, buy Airbus & yacht while he Packs his goons like sardines for an Event that is meant for not more than 5 to 10 aides ..

Zaheertyler:

Read again sir

I read it again.
Regional govt sef no go too help.
We already have state govt that is sleeping, even local govt chairmen deh slumber .

richmond500:
borrowing money to save money.
Bruh, what are u defending?

Stability of an exchange rate is the fundamental thing needed for economic development

It's what build trust on the currency trust

Trust is the most valuable thing of an economy

Tochi3:


..BATists always with senselessness in everything they do..

..if you have comprehension problems..you can approach a fellow BATist who has just a passable iota of sense to help you out of the comprehension difficulties you found yourself..

..BATists..i will help you a little here..which i normally dont engage in..helping BATists to be sensible..

..there is nothing wrong in borrowing..the question is what do you do with the borrowed loans..

..yes PO is absolutely right because he knows how to create production & increa

Oga, the idea that nothing wrong in borrowing is our problem.
Someone said he will borrow money to defend money in our present predicament and u want to believe that is a good idea?

I don't think I want to engage u any further, have a nice day

Your submission doesn't show that of an expert and so you only reasoned based on your capacity and understand,

When you devalue your currency to get the real value of the currency, you need drastic measures to cushion the effects on the citizens, since the forex is scarce, you need to borrow to make dollars available while using the converted value in naira to support local production that will boast export, improve taxes and returns from interest...this will not in any way increase debt servicing since the money is invested to make money while improving employment

richmond500:
I read it again.
Regional govt sef no go too help.
We already have state govt that is sleeping, even local govt chairmen deh slumber .

State govt really don’t have much they can do
Unless states like Lagos
For example if education is privatized on a federal level
Who go handle schools way Dey villages and rural areas?
Then maybe it balls down to the ministers sitting up and taking beneficial risks ..they too can make money for the country not just receive allocation and spend
Woo e go better jare

mrvitalis:

Stability of an exchange rate is the fundamental thing needed for economic development

It's what build trust on the currency trust

Trust is the most valuable thing of an economy

Our currency is floating, with insecurities and investors trusts at stake. Borrowing money to defend a currency that is floating is not something anyone should do.
I'd rather he peg the currency back to USD. Not to borrow.
It only make sense to borrow and defend a currency when the currency has a chance of being stable, not the naira.

Atuero:
Your submission doesn't show that of an expert and so you only reasoned based on your capacity and understand,

When you devalue your currency to get the real value of the currency, you need drastic measures to cushion the effects on the citizens, since the forex is scarce, you need to borrow to make dollars available while using the converted value in naira to support local production that will boast export, improve taxes and returns from interest...this will not in any way increase debt servicing since the money is invested to make money while improving employment

our currency is already floating, borrowing to defend a floating currency is a detrimental move.

richmond500:
Oga, the idea that nothing wrong in borrowing is our problem.
Someone said he will borrow money to defend money in our present predicament and u want to believe that is a good idea?

I don't think I want to engage u any further, have a nice day

Okay, let's engage... Do you know the benefits or advantages of a stable currency to your economy

richmond500:
our currency is already floating, borrowing to defend a floating currency is a detrimental move.

Floating a currency IN A NON PRODUCTIVE ECONOMY in the first instance was a bad move. .. especially when done SIMULTANEOUSLY with removal of energy subsidy.

mrvitalis:

Firstly there is no other solutions to Nigeria present economic pitfall than to borrow... Absolutely not

If we're go to go through your old comment now, you might have wailed in the past about how Buhari or Tinubu is borrowing, but because your messiah don talk am, you don't mind again

phantom:



Okay, let's engage... Do you know the benefits or advantages of a stable currency to your economy

when u devalue ur currency, it makes up for trade deficit and u can get a grip of ur economy.

After devaluing the local currency, the economy is still in shambles and someone thinks the best way is to borrow money to defend a devalued currency? The idea of devaluing the currency has been killed if u will borrow money to defend it.

richmond500:
Oga, the idea that nothing wrong in borrowing is our problem.
Someone said he will borrow money to defend money in our present predicament and u want to believe that is a good idea?

I don't think I want to engage u any further, have a nice day

..BATist listen attentively..

..when poo'hari was loaning the living day light for Nigeria..it was you & your cohorts..the darling daddy chanters..who were defending him..saying.." there is nothing wrong in Borrowing ""..

..examples of the USA, China, germany was quoted as been the biggest Debitoren in loan borrowing..

...you were all of the opinion that borrowing was infact not the problem not because Nigeria borrowed for hopeless & useless things..but for the fact that developed countries are also into loans..

..All of a sudden it is bad..because the man you love to hate & find faults in his words & statement said he will borrow to defend the naira..

..what he said is right..& as a man of integrity & prudence, competence..PO will invest those loans in education, infrastructures, SME's,.manufacturing etc..& not use the loans to bribe judiciary, buy private Airbus..& for other non developmental frivolities..

..you first disaster poo'hari failed woefully in that regard..but it never stopped people like you from singing his praises.. until he sanked the country..& handed over to the worst disaster in the person of Thief'nubu..

richmond500:
our currency is already floating, borrowing to defend a floating currency is a detrimental move.

Stabilizing the floated currency is necessary because speculation and scarcity will surely affect the rate by moving the value far higher than the actual leading to more hardship, poverty and aggression as we witness today in Nigeria.

Our major source of sorrow today is the higher exchange rate not even the subsidy removal

phantom:


Floating a currency IN A NON PRODUCTIVE ECONOMY in the first instance was a bad move. .. especially when done SIMULTANEOUSLY with removal of energy subsidy.

That was even a better answer, but saying he will borrow to defend the naira. Haba na.

The argument was that it was no longer sustainable and I ask, is our situation better today with all the companies that couldn't survive the effect of both policies pulling out?

Peter Obi has been consistent from day 1 about to handle this mess. He has been particular about the corruption element of this whole quagmire.

We have no choice... WE MUST BORROW! But Obi is not advocating for perpetaul long term borrowing. The man simply see borrowing as a short term measure that acts as a "spark"

Atuero:


Stabilizing the floated currency is necessary because speculation and scarcity will surely affect the rate by moving the value far higher than the actual leading to more hardship, poverty and aggression as we witness today in Nigeria.

Our major source of sorrow today is the higher exchange rate not even the subsidy removal

our money was already devalued over and over.
Now the truth is that an investor like Obi doesn't even know the naira was devalued but if he does and still resort to borrowing, then he is high on Kenya solvent

Ogogoro people are many in Nigeria.

richmond500:
Seriously, except carrying his own luggage in airport and getting sympathy votes, Obi hasn't shown anything that will logically qualify him as a presidential material. This is not me hating.
Recently Obi idea of saving our currency was to borrow, I think the idea of borrowing money to save money is a very stupid move. Tinubu policies was far better than Obi idea.
The problem I have with Tinubu is that he is heartless, don't give me the shit about how his policies will only bring temporary pain and we will smile at the end, that's bullshit.

The policies are the kinds that could be executed by a devil. Giving us gbas gbos on a steady is a move that can cause a permanent scar, even though the injury could be temporary, but it could force lots of Nigerians to go through depression, and even if the problems are solved, once u go through depression, u could never get ur sanity back.
The heartless policies from Tinubu is something that should be implemented once at a time for 10yrs, so we can easily deal with shock but, giving us all these in 1yr and 6months is white wickedness.

That being said, though the policies are bizzare, heartless and black but they are way better than what Obi said, Obi policy was never a solution, rather it was to shift the problem to the future which will be detrimental to the country..

No insult me abeg, no be everytime I deh make use of my home training.

how then do you want to solve it better drop a good and responsible ways or close your mouth

phantom:
The argument was that it was no longer sustainable and I ask, is our situation better today with all the companies that couldn't survive the effect of both policies pulling out?

Peter Obi has been consistent from day 1 about to handle this mess. He has been particular about the corruption element of this whole quagmire.

We have no choice... WE MUST BORROW! But Obi is not advocating for perpetaul long term borrowing. The man simply see borrowing as a short term measure that acts as a "spark"

Oga, my question is, "if u are the president, will u borrow to defend a devalued currency"?

heniford2:
how then do you want to solve it better drop a good and responsible ways or close your mouth

at least I won't borrow to defend something I devalued.
Duh

richmond500:
Oga, my question is, "if u are the president, will u borrow to defend a devalued currency"?

If the devaluation is costing the economy far more than defending the currency, which is our current dilemma, WHY THE F NOT?

richmond500:
our money was already devalued over and over.
Now the truth is that an investor like Obi doesn't even know the naira was devalued but if he does and still resort to borrowing, then he is high on Kenya solvent

This level of economic strategy is beyond you

richmond500:
at least I won't borrow to defend something I devalued.
Duh

he has his reasons for saying so your not an economists nor into business devaluing naira comes with a price.so what you don't know you keep quiet on it...

Ikaeniyan0:
If we're go to go through your old comment now, you might have wailed in the past about how Buhari or Tinubu is borrowing, but because your messiah don talk am, you don't mind again

I have always and will always complain about borrowing to build infrastructure

mrvitalis:

I have always and will always complain about borrowing to build infrastructure

It's better to borrow to build infrastructure than to borrow to defend the naira. But I don't also agree with the way Tinubu has made the naira lose value