NewStats: 3,259,483 , 8,170,255 topics. Date: Sunday, 25 May 2025 at 08:42 AM 187164

mrvitalis:
■ What exactly is your point why exactly won't it work? Don't they already take loans? Don't they already have relationship with banks? Why would a company like juhel or emzor not pay back loans? People that take foreign debt?
Has this thing ever been done in Nigeria? No
Has it been done elsewhere and worked yes
Just say you don't understand the concept

You don't seem to be paying attention at all to the current discussion is what. We are not speaking here of companies but of what the governing of the space that is Nigeria.

Kobojunkie:
Those choices died with the inauguration of the Buhari regime... Corruption has since become the only short-term, medium-, and long-term problem in Nigeria.

2. It is the only possible solution that is available to this one problem which is corruption.

Look, I think the exact same way you do and visualize perfectly what you are saying. I have told any and everyone who cares to listen that we MUST have some sort of RESTRUCTURING either through a constitutional amendment or a totally new one to move forward.

I suspect you are recommending a total constitutional overhaul as some sort of "scorched earth" solution to " wipe the slate clean" and start afresh but I'm afraid that might not even be enough. I would recommend a BLOODY REVOLUTION as my own scorched earth solution.

But kobo, I keep saying repeatedly we MUST BE REALISTIC and in an over ambitious manner not throw away the baby with the bath water.

Now, in what way exactly do you think a constitutional change will fight corruption? Don't see this as insulting. I just want to understand your thought process.

Kobojunkie:
You don't seem to be paying attention at all to the current discussion is what. We are not speaking here of companies but of what the governing of the space that is Nigeria.

I'm telling you what obi said he would do with the borrowed money and why it would work

Not the rubbish Buhari and Tinubu have done with borrowed money

But some how you don't seem to understand this basic concepts even after breaking it down to you... You can't find a fault in them, no reason why it should not work.. But hey you won't still agree Obi and Tinubu are not the same

phantom:
■ Look, I think the exact same way you do and visualize perfectly what you are saying. I have told any and everyone who cares to listen that we MUST have some sort of RESTRUCTURING either through a constitutional amendment or a totally new one to move forward.
■ I suspect you are recommending a total constitutional overhaul as some sort of "scorched earth" solution to " wipe the slate clean" and start afresh but I'm afraid that might not even be enough. I would recommend a BLOODY REVOLUTION as my own scorched earth solution.
■ But kobo, I keep saying repeatedly we MUST BE REALISTIC and in an over ambitious manner throw away the baby with the bath water. Now, in what way exactly do you think a constitutional change will fight corruption? Don't see this as insulting. I just want to understand your thought process.

1. What is clear in the course of this discussion is that you and I do not see things the exact same way and we do not visualize this the same. I did not say anything about RESTRUCTURING. Rather what I have consistently stated is that what Nigeria needs is a complete OVERHAUL of the System and all systems within the system. Note the difference between the two words by the way.

re·struc·ture

▪ organize differently.
▪ convert (the debt of a business in difficulty) into another kind of debt, typically one that is repayable at a later time.

..

o·ver·haul

▪ take apart (a piece of machinery or equipment) in order to examine it and repair it if necessary.

2. Scorched Earth? Wipe-slate clean? What slate is to be wiped clean? Nigeria's debt? Whose slate is to be wiped clean? Your politicians? I don't follow.

3. Throw away what baby? The baby has long died... at this point, Nigeria is walking around with a corpse in its womb as we speak. Corruption has long suffocated the baby and has pretty much become a huge cancer sucking up the nutrients and food that was originally meant for the baby when it was still living. and it needs to be flushed to give a chance for a new baby and maybe an actual delivery this time around. So, what are you afraid of? What is unrealistic about that approach to you?

Kobojunkie:
1. What is clear in the course of this discussion is that you and I do not see things the exact same way and we do not visualize this the same. I did not say anything about RESTRUCTURING. Rather what I have consistently stated is that what Nigeria needs is a complete OVERHAUL of the System and all systems within the system. Note the difference between the two words by the way.
..


2. Scorched Earth? Wipe-slate clean? What slate is to be wiped clean? Nigeria's debt? Whose slate is to be wiped clean? Your politicians? I don't follow.

3. Throw away what baby? The baby has long died... at this point, Nigeria is walking around with a corpse in its womb as we speak. Corruption has long suffocated the baby and has pretty much become a huge cancer sucking up the nutrients and food that was originally meant for the baby when it was still living. and it needs to be flushed to give a chance for a new baby and maybe an actual delivery this time around. So, what are you afraid of? What is unrealistic about that approach to you?

You are still "in the air". Let's get down to brass tacks... how do you think a constitutional overhaul will fight corruption. Please explain to me like I'm a primary 3 pupil.

Be detailed! Show me the pathway!

mrvitalis:
■ I'm telling you what obi said he would do with the borrowed money and why it would work. Not the rubbish Buhari and Tinubu have done with borrowed money. But some how you don't seem to understand this basic concepts even after breaking it down to you... You can't find a fault in them, no reason why it should not work.. But hey you won't still agree Obi and Tinubu are not the same

You are clearly here to sell Obi; I am more concerned with dissecting the details of the plan and weighing it against the reality of things in Nigeria today as we speak.

phantom:
■ You are still "in the air". Let's get down to brass tacks... how do you think a constitutional overhaul will fight corruption. Please explain to me like I'm a primary 3 pupil. Be detailed! Show me the pathway!

One of the main enablers of corruption in the system has been identified as the absence or lack of implementation of Nigerian laws in the last 25 years. Many Nigerians you ask believe that the reason why Nigerians are removed from the monitoring and reporting has to do with the fact that the constitution does not embolden them to take it upon themselves to do something about corruption when they witness or know of it. A constitution that significantly shifts power away from the elected to the people, followed by massive civic education at all levels in Nigeria and sensitization would work to shift power over the democracy away from the elected onto the electorate. This is just one small way of using a constitutional overhaul to shift power away from public servants to the people who are the true power in any democracy.

I hope this has been primary-3 enough for you.

Anither563:
This is a classic case of economic illiteracy.

Lol.. I tell you

Kobojunkie:
One of the main enablers of corruption in the system has been identified as the absence or lack of implementation of Nigerian laws in the last 25 years. Many Nigerians you ask believe that the reason why Nigerians are removed from the monitoring and reporting has to do with the fact that the constitution does not embolden them to take it upon themselves to do something about corruption when they witness or know of it. A constitution that significantly shifts power away from the elected to the people, followed by massive civic education at all levels in Nigeria and sensitization would work to shift power over the democracy away from the elected onto the electorate. This is just one small way of using a constitutional overhaul to shift power away from public servants to the people who are the true power in any democracy.

I hope this has been primary-3 enough for you.

One of the main enablers of corruption in the system has been identified as the absence or lack of implementation of Nigerian laws in the last 25 years.
This is not a constitutional issue. You would have the same problem with a new constitution.

Many Nigerians you ask believe that the reason why Nigerians are removed from the monitoring and reporting has to do with the fact that the constitution does not embolden them to take it upon themselves to do something about corruption when they witness or know of it.
Okay, that's for visible corruption... how will a new constitution tackle INVISIBLE corruption?


A constitution that significantly shifts power away from the elected to the people,
What in the present constitution domiciles power in the hands of the elected?


followed by massive civic education at all levels in Nigeria and sensitization would work to shift power over the democracy away from the elected onto the electorate.
I agree with this but you don't need a constitutional overhaul for national orientation.

This is just one small way of using a constitutional overhaul to shift power away from public servants to the people who are the true power in any democracy. undecided

phantom:
■ This is not a constitutional issue. You would have the same problem with a new constitution.
■ Okay, that's for visible corruption... how will a new constitution tackle INVISIBLE corruption?
■ What in the present constitution domiciles power in the hands of the elected?
■ I agree with this but you don't need a constitutional overhaul for national orientation.
■ This is just one small way of using a constitutional overhaul to shift power away from public servants to the people who are the true power in any democracy.

You asked for a primary 3 breakdown of how constitutional overhaul can help fight corruption and that is exactly what I gave to you.

1. You are wrong! It is a constitutional issue that has been severely pointed out by many people who have reviewed the document.

2. It would equally help tackle— significantly reduce —what you refer to as invisible corruption given that the entire system is manned, not by ghosts but by Nigerians at all levels.

3. A lot of the decision-making is not in the hands of the people but left in the hands of the elected and that is a problem. For instance, where it concerns the creation of States, LGs, the election of certain officials, and even the adoption of policies --- the people should have some say but the current constitution does not give the people that power at all. That is a problem I have seen for myself.

4. Maybe 12 years ago it was not necessary, but at this point when the Nigerian lives as though a second/third-class citizen in his or her own country, it is not only necessary but the only common sense way to tackle this lack of identity/inclusion that plagues the Nigerian citizenry. A new Constitution, reviewed and approved by the people, will go a long way in emboldening citizens and restoring their lost confidence in the nation.

5. Again, if you need something more complex, there are more than enough write-ups online to help you understand why this is what Nigeria needs most at this point. Not more borrowing to add more debt that will end up leading them nowhere again.

Kobojunkie:
You asked for a primary 3 breakdown of how constitutional overhaul can help fight corruption and that is exactly what I gave to you.

1. You are wrong! It is a constitutional issue that has been severely pointed out by many people who have reviewed the document.

2. It would equally help tackle— significantly reduce —what you refer to as invisible corruption given that the entire system is manned, not by ghosts but by Nigerians at all levels.

3. A lot of the decision-making is not in the hands of the people but left in the hands of the elected and that is a problem. For instance, where it concerns the creation of States, LGs, the election of certain officials, and even the adoption of policies --- the people should have some say but the current constitution does not give the people that power at all. That is a problem I have seen for myself.

4. Maybe 12 years ago it was not necessary, but at this point when the Nigerian lives as though a second-class citizen in his or her own country, it is not only necessary but the only common sense way to tackle this lack of identity that plagues the Nigerian citizenry. A new Constitution reviewed and approved by the people will go a long way in emboldening them and restoring lost confidence in the nation.

5. Again, if you need something more complex, there are more than enough write-ups online to help you understand why this is what Nigeria needs most at this point in time. Not more borrowing to add more debt that will end up leading them nowhere again.

I'm off to bed. Let's trash this tomorrow.. rain check?

I invite the Tinubu dolts above to carefully look at the chart below and tell us which of the gentlemen they would cotract the management of their money. Let me once again remind some of you that Mr. Peter Obi was the Chairman of a Money Bank as opposed to a tax collector who has not delivered value in any of the positions he has held.

Frugal Obi
I doubt you even understand the word

phantom:
The difference? Obi actually has a plan! Tinubu is clueless as fuk. I would be surprised if Tinubu actually wipes his ass himself.

Obi is sure as a frugal money manager that he could have borrowed 15 billion dollars, for instance to DEFEND THE NAIRA , KNOWING FULLY WELL, that the resultant currency appreciation, IF CHANNELLED TO THE APPROPRIATE SECTORS could give the economy the much needed "bolus of glucose" it needs to return 150 billion dollars back.

It's all about having a plan! Obi has always been about BORROW TO CHANNEL TO THE REAL PRODUCTIVE SECTORS AND NOT TO CONSUME BY spending recklessly on cars, yachts and private jets..

If I have a business that I know if I put in $2 will return $6.. why won't I borrow to put into it if I don't have the initial funding for it?

Don't forget! Obi is a business man! He is a billionaire from wholesale and retail... you think he doesn't know a thing or two about money management? You call him container economist but THAT IS EXACTLY WHAT WE NEED TO DIG US OUT OF THIS MESS.

Phi said he would end subsidy on fuel.

He didn't say he would float the naira at the same time.

Meaning the companies collecting subsidy money would end.
This would lead to increase in price but less than half of this magnitude because the devalue of naira is also contributory to this fuel escalation.

He would use the subsidy to part defend the naira and for production.
Of course he would now borrow less money to also defend the naira.

Increase minimum wage and then streamline and collect tax.

Not 21 billion for VP lodge, 90 billion for hajj or Israel pilgrimage or yacht and the like or SUVs.


Lots of ways to take the step by step approach

Lush100:
✓ Phi said he would end subsidy on fuel.He didn't say he would float the naira at the same time. Meaning the companies collecting subsidy money would end. This would lead to increase in price but less than half of this magnitude because the devalue of naira is also contributory to this fuel escalation.
He would use the subsidy to part defend the naira and for production. Of course he would now borrow less money to also defend the naira.
Increase minimum wage and then streamline and collect tax.
Not 21 billion for VP lodge, 90 billion for hajj or Israel pilgrimage or yacht and the like or SUVs.
Lots of ways to take the step by step approach

Petroleum Subsidy has been revealed a huge fraud used against the Nigerian people. Naira has already been floated and is nose diving towards Naira 2000 probably by end of year.Is Peter Obi still talking of what he would have done differently if he were to have been in Tinubu's shoes. Or is Peter Obi speaking at this time of his plan should be elected to replace Tinubu something in the future? It is unclear a lot of times if he is speaking of the future or of this point in time given the same Peter Obi regarded the likes of Tinubu as his mentor and senior brother.

Kobojunkie:
You are clearly here to sell Obi; I am more concerned with dissecting the details of the plan and weighing it against the reality of things in Nigeria today as we speak.

Which details have you discussed?
Clearly this topic is beyond your intellectual capacity... You haven't made a single argument
Other than " Lol in this Nigeria " And it won't "work because if corruption "

And you are here to discuss details?

mrvitalis:

I'm telling you what obi said he would do with the borrowed money and why it would work

Not the rubbish Buhari and Tinubu have done with borrowed money

But some how you don't seem to understand this basic concepts even after breaking it down to you... You can't find a fault in them, no reason why it should not work.. But hey you won't still agree Obi and Tinubu are not the same

They're all the same. Obi had eight years to do that in Anambra, why didn't he? How many small businesses did he prop up that way that are national champions today? When they're in power they become something else. Just like when Tinubu was saying Buhari couldn't think. They're all the same because they operate under the same structure

Obaaderemi2:
They're all the same. Obi had eight years to do that in Anambra, why didn't he? How many small businesses did he prop up that way that are national champions today? When they're in power they become something else. Just like when Tinubu was saying Buhari couldn't think. They're all the same because they operate under the same structure

Juhel pharmacy
Orange drugs
Tiger foods
International brewery
Innoson motors

Just the few

Obi ideology is fundamentally different from APC, APC believes so much in legacy projects

Obi believes in human capital development even as a private individual

NgeneUkwenu:
Peter speaks English like someone who didn't attend primary school. The man is very dull, very slow, barely illiterate and deficient in honesty.

Barely literate you mean?
With all the self acclaimed smartness you have got, na people like Buhari and Tinubu you see to , birds of a feather flock in the same direction....... shameless being.

Kobojunkie:
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣 Give it to the same Nigerians we have come to know of abi na different set of Nigerians completely removed from the current crop we know as Nigerians?

I don't agree with you and Obi at all. At this point in time, anyone coming in with any more simplistic solutions that do not include the initial massive overhauling of the existing system and uprooting of corruption from the bottom-up and top-down concurrently is only playing games with your mind. It all needs to be completely overhauled.

Corruption can be strategically fought and defeated to a good extent without using guns, there many individuals, corporative, micro finance banks giving out loan to MSE in the country and getting their money back with interest.
Government can achieve that when serious about it.

This is a good idea to cushion the effects of naira floating policy

Once I open a YouTube video and hear the voice of one fool trying to explain what I can hear for myself, I simply click the exit button. That thing irritates me to the bones.

mrvitalis:

It's so funny we didn't see obi doing all this while he was the governor of Anambra state. As a Governor, he's in the class of Bello and Ortom base on performance.

Ikaeniyan0:
It's so funny we didn't see obi doing all this while he was the governor of Anambra state. As a Governor, he's in the class of Bello and Ortom base on performance.

He did you are just not smart enough to see it

Most of you have experienced bad governance all your life you don't even know what good governance is all about

Obi is the best performing governor in of MDGs... Do you even know what that means?

mrvitalis:



Obi is the best performing governor in of MDGs... Do you even know what that means?

Lol

Bro, leave all this yeye MDGs goals you're talking about, two or three northern governors was also giving the award alongside Obi in 2014.

Should I start listing the awards of Yahaya Bello for you? The people of Anambra became more poorer under Obi

Soludo has done more in less than 4 years in Onitsha compared to what Obi did in onistha. Onitsha was a slum while I visited, except from the 5km or so federal road he rehabilitated in onistha, no person could point at what he did in onistha while I was there.

In fact, there's a thread on nairaland, where the people of Anambra were complaining about how horrible Obi istration was.


Yahaya Bello ers will also claim he's the best Governor that has ever ruled Kogi state.

It's so funny you are defending obi who everybody knows his performance as a governor was woeful, but you will be shedding hypocritical tears when Tinubu ers defend him.

Obi ruled Anambra state and didn't hold a LG election till when he was about to leave power.

On the contrary....you are the daft here.

yoruboid:
Nigeria dodged a bullet

This man is d@ft and bereft of ideas

Ikaeniyan0:
Lol

Bro, leave all this yeye MDGs goals you're talking about, two or three northern governors was also giving the award alongside Obi in 2014.

Should I start listing the awards of Yahaya Bello for you? The people of Anambra became more poorer under Obi

Soludo has done more in less than 4 years in Onitsha compared to what Obi did in onistha. Onitsha was a slum while I visited, except from the 5km or so federal road he rehabilitated in onistha, no person could point at what he did in onistha while I was there.

In fact, there's a thread on nairaland, where the people of Anambra were complaining about how horrible Obi istration was.


Yahaya Bello ers will also claim he's the best Governor that has ever ruled Kogi state.

It's so funny you are defending obi who everybody knows his performance as a governor was woeful, but you will be shedding hypocritical tears when Tinubu ers defend him.

Obi ruled Anambra state and didn't hold a LG election till when he was about to leave power.

If we leave MDGs what other parameters can we use to judge government performance?

mrvitalis:

If we leave MDGs what other parameters can we use to judge government performance?

Like I said before, two or three northern governor was also giving the award alongside Obi in 2014.

Almost every Nigerian governor has won one award all the other.


https://nairaland.unblockandhide.com/870945/what-exactly-peter-obi-doing

Obi was a total disaster as a governor, his tenure was nothing to write home about.


According to NBS stat, more Anambarians became poorer under Obi

ThatNaijaNigger:
I am with Peter Obi 100%
Nlfpmod mynd44 fergi001 Lalasticlala OAM4J nlfpmod

lol

Ikaeniyan0:
Like I said before, two or three northern governor was also giving the award alongside Obi in 2014.

Almost every Nigerian governor has won one award all the other.


https://nairaland.unblockandhide.com/870945/what-exactly-peter-obi-doing

Obi was a total disaster as a governor, his tenure was nothing to write home about.


According to NBS stat, more Anambarians became poorer under Obi

So again I ask how then do we measure the performance of government... All this blabbing yet you are not answering the question

How do we measure the performance of governace if we agree then we can then evaluate his performance together


Or do you want me to just take your words that his a failure without and back up evidence?

IBIG3NI:
Another SCAMMER...

Shut up!!! The drug criminal that has kept you hungry is what?

mrvitalis:


Everyone knows that's the only solution
Obi said he would borrow 12 billion dollars that he had the connections

The Koko is what you use the borrowed money to do

APC from Buhari to Tinubu now keep borrowing to build infrastructure with the hope that the infrastructure would kick start development

Not only are the infrastructure over inflated they are sighted wrongly so can't even breakeven

So they just increase our debt service, increase recurrent expenditure and have absolutely no increase in revenue

Obi solution is to borrow money

Give it to the people, business especially in export potential business and import substitutes

1) you create employment
2) you boost revenue, as this businesses come for the needed loan you capture them into the tax net
3) you don't increase debt service per say as the people would pay back the loan

This can kick start a chain of events that kick start the economy

OBi and Tinubu are not the same

You must be high on mpkoru mirri

You want to borrow and give to people to do business without infrastructure?

I know Obi Pandora is mentally challenged but I didn't know the mental challenges runs in that region

mrvitalis:

So again I ask how then do we measure the performance of government... All this blabbing yet you are not answering the question

How do we measure the performance of governace if we agree then we can then evaluate his performance together in


Or do you want me to just take your words that his a failure without and back up evidence?

So Ondo state is better than Oyo and Ogun because Ondo state GDP is bigger than the GDP of Oyo and Ogun? Try dey make use of your brain now

I told you there are far more job opportunities in Ogun state compared to Anambra state

The IGR of Ogun state do not just dwarve the IGR of Anambra state, it dwarves the IGR of the whole south eastern state combine.

The people wailing on this thread below do not care about GDP

https://nairaland.unblockandhide.com/870945/what-exactly-peter-obi-doing

Obi was useless as a governor