NewStats: 3,264,380 , 8,183,549 topics. Date: Tuesday, 10 June 2025 at 08:17 PM z3q36

Borrowing money at interest to defend the naira ?

Obi has shown with that statement that he is more interested in sustaining an unsustainable import based economy, since an artificially propped naira will benefit only importers like himself.

How sustainable is this?

How can an import based economy provide jobs and enhance local production ?

Will this not lead to more trade deficit and turn Nigeria to a dumping ground and stifle local industries? And in no due time see to dwindling of FX earnings ?


Someone rightly said here that Obi is not a businessman but a mere trader. He was right.

Another poster here once related how Shagari's govt on the urging of Alex Ekweme liberalised importation in the 80s by lifting the ban on importing certain products produced locally and how that dissatrous policy saw to many local companies struggling.

I have said it here that the SE business model of importation has done a lot of damage to our local industrial base.

This is the same Obi that has been telling us he wants to move Nigeria's economy from consumption to production but here he is now promoting more importation by defending the naira through borrowed FX?

Your Chicago ant does not even know what it means to defend the Naira,

Your Chicago ant is a bringer of death

RevDesm0ndJuju:
Borrowing money at interest to defend the naira ?

Obi has shown with that statement that he is more interested in sustaining an unsustainable import based economy, since an artificially propped naira will benefit only importers like himself.

How sustainable is this?

How can an import based economy provide jobs and enhance local production ?

Will this not lead to more trade deficit and turn Nigeria to a dumping ground and stifle local industries? And in no due time see to dwindling of FX earnings ?


Someone rightly said here that Obi is not a businessman but a mere trader. He was right.

Another poster here once related how Shagari's govt on the urging of Alex Ekweme liberalised importation in the 80s by lifting the ban on importing certain products produced locally and how that dissatrous policy saw to many local companies struggling.

I have said it here that the SE business model of importation has done a lot of damage to our local industrial base.

This is the same Obi that has been telling us he wants to move Nigeria's economy from consumption to production but here he is now promoting more importation by defending the naira through borrowed FX?

Don't be distracted please. The one that's not daft but is infact, the much touted first class ant; how's he helping your future now?

The silver bullet is the crude supply in naira to local refineries.

Fixed naira price of crude will stabilise the currency.

RevDesm0ndJuju:
Borrowing money at interest to defend the naira ?

Obi has shown with that statement that he is more interested in sustaining an unsustainable import based economy, since an artificially propped naira will benefit only importers like himself.

How sustainable is this?

How can an import based economy provide jobs and enhance local production ?

Will this not lead to more trade deficit and turn Nigeria to a dumping ground and stifle local industries? And in no due time see to dwindling of FX earnings ?


Someone rightly said here that Obi is not a businessman but a mere trader. He was right.

Another poster here once related how Shagari's govt on the urging of Alex Ekweme liberalised importation in the 80s by lifting the ban on importing certain products produced locally and how that dissatrous policy saw to many local companies struggling.

I have said it here that the SE business model of importation has done a lot of damage to our local industrial base.

This is the same Obi that has been telling us he wants to move Nigeria's economy from consumption to production but here he is now promoting more importation by defending the naira through borrowed FX?

Obi who you call a daft illiterate is an international business man, former governor and a billionaire. What about you? You're wretched and living in a one room apartment, struggling to survive. This shows that you're worse than a daft illiterate.

OkCornel:
The silver bullet is the crude supply in naira to local refineries.

Fixed naira price of crude will stabilise the currency.

You de deceive yourself, you will wait till eternity and nothing like that will happen. It shows even the followers of Tinubu are ignorant of economic systems

Medipharm:

You de deceive yourself, you will wait till eternity and nothing like that will happen. It shows even the followers of Tinubu are ignorant of economic systems

Just stating the obvious solution. Whether the government decides to implement that is a separate matter altogether.

Meanwhile…

Dear Jagaban lovers,

What is the progress update on Tinubu’s eight point agenda he promised Nigerians in 2023? This is over one year now. How far?

1. food security;
2. poverty eradication;
3. growth,
4. job creation;
5. access to capital;
6. inclusion;
7. rule of law; and
8. fighting corruption

https://punchng.com/translating-tinubus-8-point-agenda-to-recovery/?amp

What about the 50 million jobs promised between 2023 to 2026? How many has Tinubu and his government created?

https://nairaland.macsoftware.info/7821154/tinubu-sets-3-year-economic-revival

OBI that took Anambra state backwards as governor

XY23:


Don't be distracted please. The one that's not daft but is infact, the much touted first class ant; how's he helping your future now?

Nigerians are now going through what most African nations are subjected to - a harsh cold economic reality.


It's obvious that the Nigerian economy has been artificially propped by oil revenue and an unsustainable fuel pricing .

Your foolish Obi did not see how he can grow exports and create jobs through industrialization but the fool says he will borrow money to subsidize the naira so as to promote importation .


How will promoting imports via defending the naira with borrowed funds increase exports to earn more FX to repay the loan he took out for this ?

How will an import based economy see to job growth after all the remaining companies shut down permanently because Obi and Sons are now dumping cheap substandard Chinese crap onto the market?

Tell that your trader messiah that he has no business anywhere near any govt office .

RevDesm0ndJuju:
Borrowing money at interest to defend the naira ?

Obi has shown with that statement that he is more interested in sustaining an unsustainable import based economy, since an artificially propped naira will benefit only importers like himself.

How sustainable is this?

How can an import based economy provide jobs and enhance local production ?

Will this not lead to more trade deficit and turn Nigeria to a dumping ground and stifle local industries? And in no due time see to dwindling of FX earnings ?


Someone rightly said here that Obi is not a businessman but a mere trader. He was right.

Another poster here once related how Shagari's govt on the urging of Alex Ekweme liberalised importation in the 80s by lifting the ban on importing certain products produced locally and how that dissatrous policy saw to many local companies struggling.

I have said it here that the SE business model of importation has done a lot of damage to our local industrial base.

This is the same Obi that has been telling us he wants to move Nigeria's economy from consumption to production but here he is now promoting more importation by defending the naira through borrowed FX?

Your concern should not be on obi right now.You should be worried if I can provide 2 not 3 decent meal for myself and love ones today and going forward. Obi already has that guaranteed

RevDesm0ndJuju:
Borrowing money at interest to defend the naira ?

Obi has shown with that statement that he is more interested in sustaining an unsustainable import based economy, since an artificially propped naira will benefit only importers like himself.

How sustainable is this?

How can an import based economy provide jobs and enhance local production ?

Will this not lead to more trade deficit and turn Nigeria to a dumping ground and stifle local industries? And in no due time see to dwindling of FX earnings ?


Someone rightly said here that Obi is not a businessman but a mere trader. He was right.

Another poster here once related how Shagari's govt on the urging of Alex Ekweme liberalised importation in the 80s by lifting the ban on importing certain products produced locally and how that dissatrous policy saw to many local companies struggling.

I have said it here that the SE business model of importation has done a lot of damage to our local industrial base.

This is the same Obi that has been telling us he wants to move Nigeria's economy from consumption to production but here he is now promoting more importation by defending the naira through borrowed FX?

you are even more draft than your cocaine sniffing boss. Go through the junks you wrote in a bid to sound human.

Obi is daft

Just as how daft. you are also OP

It’s time dey regulate social media, cause we have so much kids spilling rubbish these days…

All the obirodents are yet to defend obi's latest foolish gaffe.

Instead they are here doing their usual failed attempt at gaslighting.

Defend the foolishness of borrowing morning to subsidize FX for importers and convince me it's the best way to go.

RevDesm0ndJuju:
All the obirodents are yet to defend obi's latest foolish gaffe.

Instead they are here doing their usual failed attempt at gaslighting.

Defend the foolishness of borrowing morning to subsidize FX for importers and convince me it's the best way to go.

Nobody is defending anything.

Nobody has such time

Your first class brother is the president, tell him to use his knowledge and better the life of Nigerians. Obi is not your president

XY23:


Don't be distracted please. The one that's not daft but is infact, the much touted first class ant; how's he helping your future now?

I think borrowing money to save money isnt a smart move.
If I was the president, I'll do the same thing that Tinubu did but I won't implement all the policies at once, he was heartless in executing these policies but it's the best policies, punishment that we are suppose to suffer for 10yrs, Tinubu is making us suffer everything in 4yrs, that is not a wise thing to do, but it's still better than using money to save money

You heard them calling someone "warehouse economy".. you should know the 'gbaju e' is a complete ol0do. In his small mind, Nigeria can be likened to his Next supermarket warehouse where he does all the wuru wuru he likes.

The only pain he has is that he can't corner all Nigeria's resources to his Igbo ethnic group alone and build a war chest full of money to break out biafra, that is the only thing paining Mr. Obi.. all the nonsense the ol0do is writing are meaningless.

Make una try and watch any of Obi's interview or debate discussing about economy, una go vomit sha ni as dude don't even know the basic in economy

helinues:
Make una try and watch any of Obi's interview or debate discussing about economy, una go vomit sha ni as dude don't even know the basic in economy

you expect him to review all his plans on TV so your agbado master can adopt and implement it, hell no!! When you are done ranting here go and buy fuel for 1300/liter. Obi is not the cause of the untold hardship.

fuckingAyaya:
you expect him to review all his plans on TV so your agbado master can adopt it, hell no!! When you are done ranting here go and buy fuel for 1300/liter. Obi is not the cause of the untold hardship.

Dude is dull from onset, no logical expectations from him

helinues:


Dude is dull from onset, no logical expectations from him

the one with Chicago logical expectations hope you are enjoying the logic?

RevDesm0ndJuju:
Borrowing money at interest to defend the naira ?

Obi has shown with that statement that he is more interested in sustaining an unsustainable import based economy, since an artificially propped naira will benefit only importers like himself.

How sustainable is this?

How can an import based economy provide jobs and enhance local production ?

Will this not lead to more trade deficit and turn Nigeria to a dumping ground and stifle local industries? And in no due time see to dwindling of FX earnings ?


Someone rightly said here that Obi is not a businessman but a mere trader. He was right.

Another poster here once related how Shagari's govt on the urging of Alex Ekweme liberalised importation in the 80s by lifting the ban on importing certain products produced locally and how that dissatrous policy saw to many local companies struggling.

I have said it here that the SE business model of importation has done a lot of damage to our local industrial base.

This is the same Obi that has been telling us he wants to move Nigeria's economy from consumption to production but here he is now promoting more importation by defending the naira through borrowed FX?

You that is sharing your details over nairaland and asking for financial assistance

You are struggling to please your master, unfortunately it is not working.


APC can never again deceive anyone with propaganda.

RevDesm0ndJuju:


Nigerians are now going through what most African nations are subjected to - a harsh cold economic reality.


It's obvious that the Nigerian economy has been artificially propped by oil revenue and an unsustainable fuel pricing .

Your foolish Obi did not see how he can grow exports and create jobs through industrialization but the fool says he will borrow money to subsidize the naira so as to promote importation .


How will promoting imports via defending the naira with borrowed funds increase exports to earn more FX to repay the loan he took out for this ?

How will an import based economy see to job growth after all the remaining companies shut down permanently because Obi and Sons are now dumping cheap substandard Chinese crap onto the market?

Tell that your trader messiah that he has no business anywhere near any govt office .

RevDesm0ndJuju:


Nigerians are now going through what most African nations are subjected to - a harsh cold economic reality.


It's obvious that the Nigerian economy has been artificially propped by oil revenue and an unsustainable fuel pricing .

Your foolish Obi did not see how he can grow exports and create jobs through industrialization but the fool says he will borrow money to subsidize the naira so as to promote importation .


How will promoting imports via defending the naira with borrowed funds increase exports to earn more FX to repay the loan he took out for this ?

How will an import based economy see to job growth after all the remaining companies shut down permanently because Obi and Sons are now dumping cheap substandard Chinese crap onto the market?

Tell that your trader messiah that he has no business anywhere near any govt office .

if what he said doesn't make sense to you tinubu regime can continue 2027 🤣🤣😁 am in Finland now and i am glad i moved out early on with time u go understand better...

strangest:





You that is sharing your details over nairaland and asking for financial assistance

Don't mind that idiot.... Cooperate beggar

What would you have done differently?
Counter him with your economic plans.

RevDesm0ndJuju:
Borrowing money at interest to defend the naira ?

Obi has shown with that statement that he is more interested in sustaining an unsustainable import based economy, since an artificially propped naira will benefit only importers like himself.

How sustainable is this?

How can an import based economy provide jobs and enhance local production ?

Will this not lead to more trade deficit and turn Nigeria to a dumping ground and stifle local industries? And in no due time see to dwindling of FX earnings ?


Someone rightly said here that Obi is not a businessman but a mere trader. He was right.

Another poster here once related how Shagari's govt on the urging of Alex Ekweme liberalised importation in the 80s by lifting the ban on importing certain products produced locally and how that dissatrous policy saw to many local companies struggling.

I have said it here that the SE business model of importation has done a lot of damage to our local industrial base.

This is the same Obi that has been telling us he wants to move Nigeria's economy from consumption to production but here he is now promoting more importation by defending the naira through borrowed FX?

Hh

Benoxvals:
What would you have done differently?
Counter him with your economic plans.

I already have by outlining all the stupidity inherent in such a policy decision but you fools are more concerned in defending your idiot messiah.

RevDesm0ndJuju:


I already have by outlining all the stupidity inherent in such a policy decision but you fools are more concerned in defending your idiot messiah.

Another insult and name calling..typical,poor and petty.

Dumb people are talking no wonder their is sniffing life out of them

Buhari and tinubu that re better than obi and gej , what have they done, fuel will be 2500 by Xmas, Nigeria is gone but unfortunately you can’t see it, GOD gave us a choice in 2023 but unfortunately in less than 18months Nigeria is worse than hell