Borrowing for consumption, worst form of corruption –Peter Obi

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The vice-presidential candidate of the Peoples Democratic Party in the 2019 election and former Governor of Anambra State, Mr Peter Obi, speaks with OLUSOLA FABIYI and MUDIAGA AFFE on the economic ...

The vice-presidential candidate of the Peoples Democratic Party in the 2019 election and former Governor of Anambra State, Mr Peter Obi, speaks with OLUSOLA FABIYI and MUDIAGA AFFE on the economic effects of the COVID-19 pandemic, the 2023 elections and other issuesThe COVID-19 situation has brought to the fore the cumulative effects of bad leadership over the years in the area of poor health infrastructure, inequality and so many other ills in the country.

For me, it does not matter which area is going to benefit or not because of our mentality of sharing. If we restructure the country, we need to get people to work. Nigeria is like a car with a faulty engine, we need to fix the engine first. If the car is working, I would not mind where they are borrowing to invest. When we had regions, nobody knew where the other region was borrowing from. Rather, all the regions were simply trying to do what was right.

I do not want to go into the issue of trust, but if there is one region or group that should be trusted in this country, it is the Igbo people because they are the only ones who mean well for Nigeria. We go to every part of this country, settle down and build houses. Yes, I agree with you. That was why I said let us look at the leadership. Let us look at the records of people who were there yesterday. In China, for instance, they look at your records. If you are in a society that does not reward hard work, sacrifice, and merit, you cannot get there.

It is something to be worried about. The assets of countries today are the educated people and the more we educate the children, the better for us. The power of China today is the Chinese people that are educated. We have issues of agitation all over the place. The more you invest in education, the more the economies will open up and those agitations will stop. So, what we need to do is to invest in the uneducated people.

It did not show in the election result. Forget about what happened when I was picked, look at what happened when the votes were counted. The PDP had the best result from Anambra State in the whole country. We got 95 per cent of the votes cast in the state.Personally, no. Look at the US, those who want to be President in the next election are over 75 yearsLet me tell you, we have had young people in government before, especially as governors, some of them lost it.

 

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Pls tell them

Nigerian government are the worst in the world they will prepare budget and share the money among themselves borrow money share the money among themselves thunder will fire all of them.

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English🐒 did you anything about global tech. Only Nigeria politics

Please tell them. Bad government

Says the man that was a running mate to one of the most corrupt men in Nigeria history. Kwa!!!!!

If anyone politicizes the pathetic situation Nigeria find herself at the moment, my prayer is that it will not be well wth you and your generation. Nigerians are embroiled in abject poverty and suffering. If Peter Obi is the voice of reason we need to excel, we must pay attention

Did u read the article before comments.. The statement was not directed at Buhari's govt.. His views were holistic & honest, he refrenced every aspect of why Nigeria as we know it today is a function of bad leadership from inception. I bet most of u headlined &replied with bias

You are right sir

Don't conclude by reading the headlines alone. Read the news and stop disgracing yourselves here. This is what PeterObi was actually saying. This is the situation we find ourselves in this country rn

PDP started borowing to loot.. I don't expect any counter from u guys cos na your way.. Let sowore and others talk comment make we listen small

a follow will be really appreciated..

I follow back instantly.. Please follow me

Below is the excerpt of the publication, endeavor you read it

Look for a publication titled 'Fighting corruption is dangerous 'Pg 61' by Okonjo Iweala and read the whole page. It is only his likes can fix Nigeria to some extent if only he will be giving chance without sentiments.

For some calling Peter Obi names,I think you don't know him too well,he is an exceptional leader without match as far as Nigeria Political space is concern, he has been planning good/contributed positively to the governance of Nigeria right from the time he was a governor.

Wish u guys won

Some people are just fighting to re-define corruption at all cost.

Economic commentator Chinese expert

Please tell them.

You're very right sir.

The truth about politics in Nigeria is dat as far as is favouring me I don't care about others or the future.

I totally agree with you.

Before you comment for or against, kindly read the whole interview. Be smart for once!

Fact

Waiting this one dey say self?..... Kini nwi?

Why are you subbing your useless party like this?

But people won't agree

Their anger is not the message but the messenger, because he’s Igbo. They would rather choose to drink sniper and die than to take the message, hypocrites

I wonder if he told PDP same before GEJ appointed him as as the Securities And Exchange Commission (SEC) Chairman few weeks before handing over power that borrowing to pay salaries👇 is the 'worst form of corruption'

Bravo

Container economist will talk.

Why didn’t you tell that to your OfficialPDPNig guys?

Worse regime that I've ever seen,the future of the youths has been mortgaged by our analogic leaders

Don't worry. The day of your arrest will forever be a national holiday

Well PeterObi is right that borrowing for consumption is wrong and worst form of corruption but since 2015, no Government has borrowed for consumption but rather for for infrastructure and developments.

Anything that has to do with Mr Peter obi gives me joy for better tomorrow for Nigeria. I pray and hope you will be our president

So stupid... 16 yrs of PDP what did they do with oil proceeds... U should be in jail...

what about paying salaries ?

Sometimes is bad sometimes is good ..

The same man that advised we share our loan money for palliative 😂😂😂😂

Ur excellency u re absolutely CORRECT.

Please Nigerians have brain and vote wisely, live language difference and tribalism and political party let's make Nigeria great it can happen if we vote wisely this government is a mistake too dull

It's crazy! I wonder who's going to pay back all d debts

But borrowing to pay workers and looting is very good

Others borrow to invest, while we are borrowing to feed school kids pay salaries and buy big cars for our legislators😩😩 what a country called Nigeria 😩😩

He was referring to the government of GEJ and Okonjo Iweala known to borrow to pay salaries.

Tell them

The Consumption should be the middle name of OfficialPDPNig as a staff, party and clique. The devastation that you Nazis visited on Nigeria is simply epic.

But borrowing for looting is acceptable abi Mr Olohun Iyo?

PeterObi Even OfficialPDPNig Did the same and since you all are of the same elements, what did you expect?

🗣🗣🗣🗣🗣🗣🗣🗣🗣

🤣🤣🤣🤣🤣 Mr China, yet you were a running mate to a thief

They called him China man, yet they are the ones borrowing money from China to EAT.

Borrowing for looting is the worst form of corruption. $2.5b arms deal on my mind. $16b electricity money also on my mind

Even in our normal daily lives, you can't be borrowing for luxury.

Please appreciate the effort of government that is leading us coming out of this quagmire

Nigeria we not move forward because we don’t like the truth, in all this things happening in his administration some fools still supports Buhari and APC

Very true Sir.

You're on point but who laid the foundation?

Good

Another honest truth

PDP borrowed to finance recurrent expenditures,it was revealed by Ngozi Okonjo owella.

SavvyRinu Most of people commenting with irrelevant & unnecessary sentiments did not even go thro the write-up/interview. It's always a PDP/APC fight for them.

Hmmmmmmmmm. From where will you get the money to pay back if you borrow just to eat.

Buhari’s and APC Supporters are leaving the Chat room.. There online thugs will fight for the rest of the week cos of this post..🤣🤣.. Peter well done..

It's called compound fool

Like his party used to borrow to pay salaries

SavvyRinu iam_winny ifb ASAP 😎😎😎❤️❤️❤️💛💛💛💙💙💙💚💚💚💜💜💜🧡🧡🧡🖤🖤🖤❤️❤️❤️

During election debate they called you China-man, pretending as a nation that hates Chinese influence, but guess what, they are running to China borrowing up borrowing without tellibg us the collateral placement.

Okay sir, noted PeterObi. What of borrowing to pay salaries? What of borrowing to be looted? What of borrowing to fight insurgency looted through NSA office? What of borrowing for projects that were shared by stakeholders? What of borrowing for NDDC that part given to NGOs?

Buhari and his cohorts are monumental and failure, and disastrous against Nigerians and humanity. History and posterity will be very unkind to them

Q

Man wey Sabi👌

Buhari is a complete failure. Very clueless. He is presiding over the most wasteful and corrupt government sine IDI Amin of Uganda. Borrowing for Consumption is the worst Corruption. Obi I stand

Apc regime under Fulani cabal can't build economy of Nigeria, rather the are destroying every economic sector in Nigeria via their policies to strangulate Biafra economically, but ended up in destroying the zoo, Nigeria.

Who else read this?👍 'Oil brought a curse to us to the extent that people stopped thinking, no innovation. Everybody just waits to get money to share. That is why we have said let us restructure the country. Let everybody go their way and become more efficient, competitive...'

Good! Kindly inform Buhari.

Datoofthecreeks I always get interested whenever I see a tweet from HE Peter Obi. His tweet is geared towards bringing Nigeria back to limelight.. we need a visionary leader like this..

My problem is that these ppl keep mentioning countries that have infrastrutures in place already. Nig lacks infrastructure n there cannot be good education or good health system without infrastructure. Mention one of those countries they mention that abandoned infrastructure?

Many Nigerian have jst ogi/akamu in their head, See attack and defend. We deserve more evil from our politicians 😡 YES! No future for this country 👎

Who is borrowing for consumption? PDP did, but not APC. Borrowing for infrastructural Capital development is not for consumption!! More so as all loans have been project specific. Obi should clarify his allusion instead of gerrymandering!!

Borrowing for consumption or to complete capital project? Peter Obi is just popularizing PMB.

Omo this matter long o...man just been spewing figures. I had to stop reading,cos it’s all fiction.

They are borrowing and ruining the country because na Igbo go suffer am pass ..na our serious them dey use settle the matter las las ..

All of Una Na the same

Same feathers

SodiqTade Facts!

😂😂😂😂 coming from a Member of the Presidential Economic Advisory Committee of Jonathan

Once upon a time when Waspapping_ OvieAli were hungry and depressed. Today now! 30k allawee dey enter

So you know

That's what's really happening in Nigeria.. we now have Apc governors who turned their agbada to central bank.

Says the china man

That happened under PDP but you kept quiet?

True. But all of you (politicians) are guilty.

Your party PDP was borrowing to pay salary

Dadiyata07 ronaldnzimora you tweeted about this lately. Apt

Everyone is now forming woke!.

Was Peter Obi not part of the GEJ Economic Management Team?

Better person

PeterObi all the oil money your PDP sold and allowed the oil companies take away royalties worth more than $50m, why couldn't you fix that huge leakage 🤔.

Day light corruption.

This is an own goal PetObi😂😂

Able God father has spoken

Nigeria made the worst mistake by even considering this lifeless buhari as our president in the first place. It shall not be well with Tinubu for fostering this thing called buhari on our collective sensibilities. Woe upon Tinubu and his cohorts who saw buhari as our saviour....

This is exactly what you're talking about.

It is worst form of corruption. I don't know the adviser to this

if you want to castigate obi. please use his records in Anambra. That's the only time he has occupied public office. He's not Jonathan

CHINA!!!

Thank you for the reminder. Good sometimes, your Chinese brains gets some sense waves to speak the truth. Every sane person can now see how PDP destroyed Nigeria by borrowing to pay salaries

They are borrowing to finance infrastructural projects!

We don't know what we've done in this country to deserve this heartless leaders.

Can increase the volume please, I need some friends in Abuja to hear it clearly. Let me rephrase, you DESTROY the economy when you borrow for consumption.

You need not say so. We all are in these together! It's only in Nigeria you see lots of protesters on social media but when I say let's go to ASO ROCK Villa in Abuja and make our complaints known, nobody responded. This govt of Crooks thinks you're enjoying the parade shikenan.

The worst govt so far....just for 5yrs. They can't showcase any achievement ...... everything audio

A debt will take you ONLY one step forward OR TEN STEPS BACKWARDS...

Please tell them

Buhari will end Nigeria 🇳🇬😭😭😭😭😭😭😭😭😭😭😭

Useless man and pretender

What often perplexed me is the divisiveness of our collective minds, when corruption favours you, you gladly and excitedly call it connection.

There's no better truth than this but can Nigeria independently and confidently stand to face the consequences of not borrowing? The problem is not the borrowing but looting borrowed fund. Nigeria is borrowing not to invest in industrial development but borrowing to pay salaries

Better way is too borrow for looting .

They all did the same thing and the current president is doing the same.......Borrow to Swallow

We have to move forward, PDP govern poorly during their time, but uncle BUBU have to be better and stop comparing today wrong with yesterday's, because nature created today to be better than yesterday...

And who is borrowing for corruption? Well I know of a party that borrowed for consumption and that party name is PDP.

PeterObi your ex-master GEJonathan lead ways for his wife and dezani

God have your way

We know

A terrible admin

Why won’t you, so brilliant and intelligent not vying for the position of president.

Senseless post, but borrowing to pay salaries nko? Mumu man

Even corruption itself knows!

A very big taboo

ayemojubar I stan.

As long as borrowing is for capital projects and not to pay salaries...

Corruption! AISHA is complaining bitterly even transparency international. More 3 years of Buhari administration there will be no country left.

PDP ÓOO APC ÓOOOO YOU PEOPLE SHOULD LEAVE NIGERIA ALONE LET OTHER LEADERS TRY SOMETHING DIFFERENT PLEASE I BEG WITH ÓGU

You are absolutely correct. The government need to cut the cost of governance. Why borrowing to pay salary - lawmakers budget, executive, ministers etc? The government has not prepared for the worst yet.

UchePOkoye Bruh.. Peter is wailing about not being paid pension since he left as governor 🤣🤣🤣

There is so much that can be said but I believe what I have said so far will give some insight into what actually happens with our public funds in the name of capital projects

I could'nt agree less.

This is why despite our large budgets the impact on the socio-economic lives of the citizenry is very minimal. We often ask where did all the money go? That is how most of the money goes. Unemployment increases and so does poverty in the midst of plenty

Tell am o

Nigeria has already been put up on iinternational market for sales option,we are only waiting for the highest bidder.

True

The hierarchy of the career public service and their political leadership's engage a lot in bullying of any career public servant who stands against these corrupt practices that rip the nation off. They spend a lot of time in harassment &intimidation to enable them have their way

So money is spent& we do not get value for it. Since d contractors r briefcase companies dat dont genuinely employ or contribute much 2 tax or 2 professional/human capital development as a nation we lose on all sides. D contrctors buy more of cars, houses &go on holidays overseas

You are very right Sir! You borrow to invest and not to consume. Those that borrow to consume hardly or never come out of debt!

Is borrowing a corruption again PeterObi ? Clarify please

They r d favorites of d corrupt bureaucracy bcos they r ever willing 2 share d proceeds. 4 this reasn d top civil servants will overlook their incompetence & help them shortchange govt. They evn show thm hw2 carry out this fraud &cover their tracks giving them assistance 2do so

Real professionals committed 2 delivering quality services &projects hardly get these contracts. So these political contractors get all d money& do not even invest in d development of these professional fields. They are not interested in quality & sometimes in even doing the job

I can't understand PDP kind of opposition, during their days they borrowed to pay salaries while this administration is borrowing to finance capital projects, which one can we see as corruption?

I don't understand why some pple will choose to follow some acclaimed leaders blindly. Why focus on the messenger rather the message. It's not necessary taking us back to justify present corrupt practices. We need to live in present & focus on future greatness. Peter Obi is right

Most of our projects are executed through contracts awarded by the government. Yes we have a procurement act but it is one that is hardly followed. Most of the contractors are political contractors (politicians disguised as contractors) who do not employ, some don't even pay tax

IFB

The so-called borrowing to finance projects can be quite deceitful especially deceiving those who have no idea of what actually happens in government as far as Nigeria is concerned. Let me show you why our big budgets don't translate to economic growth.

We should rather borrow to invest...tell them my brother.

Let's eat 'belleful' first my brother

Please tell this bastards

Ezioku

Mr Obo preaching about Corruption. Hmmmm

Buhari can't create wealth. That's why he goes about borrowing.

Parties preaching what they never practice. Their delicacy during their regime, borrowing for consumption, and now the reality of borrowing has changes over 4 yrs, they're making noises. What a lame suggestions to make.

Unlooking borrowing for consumption while GEJ held sway is the worsetest form of corruption.

Apt, but they wont listen to you or give you chance cos you are from the 5% hated minority

So sad

nothing but d truth..

And that was what PDP did for 16yrs in government

With this pattern only pitfalls await

❤️🤞🏿

True

Between borrowing to finance project than borrowing to pay salaries which one do we call consumption?

The problem we v in nigeria is that we allow fools to rule us all in the name of wen we get there we will do dis we will do that ....... ....

Exactly. And that is why we are regarded as 'world's poverty Secretariat'

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Buhari lack financial advisers

Follow for follow Back

All of you politicians You all nah scam You be wash

It's a bitter truth .

PeterObi but borrowing for looting like it was done by your hero, GEJonathan on the arms deal remains the best ? Common sense and social distancing that is going on there must end

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It perplexes the mind to see these ex-thieves thinking a way forward for Nigeria. Pathetic! What we’re they doing when they were in power?

New theory

Exactly

Idiot

BMC oya come and display your foolishness

Gbam

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