The ONLY option in 2027 is to vote for a competent candidate! You might not get SHISHI for your vote, but your children’s children will enjoy the investment.
#PeterObi
I have said this before, and I believe it is important to remind Nigerians of my position as we approach 2027.
Peter Obi has my support for the presidency.
But my position is clear, I am not supporting the idea of Peter Obi becoming somebody else’s Vice President.
The day Peter Obi accepts a Vice Presidential position, I will walk away from his corner. I have said this plainly, and I stand by it.
My concern is not about personalities. It is about the kind of leadership Nigeria needs and the direction in which we want our country to go.
I have also argued that we should begin to rethink the age of those seeking executive office. The Nigerian presidency should not become a retirement home for politicians.
I believe there should be a serious national conversation about limiting presidential and gubernatorial candidates to those aged 70 or below.
Nigeria needs leadership that is focused on the future, not simply another cycle of political succession.
These are principles I have stated publicly, and Nigerians should judge them for themselves.
It's either the Anambra State Government does not understand public finance, or they are being mischievous.
Let me attempt to explain this with simple examples.
1. Your father, the FGN, borrows $100 from the World Bank and gives it to you. You must pay it back in 10 years; you need to repay $10 each year.
2. You take N100,000 from your savings, add it to the $100, and start a school.
3. You are to retire in 5 years. You have paid back $50; you still owe $50. You can't prepay the World Bank loan in advance, so you take the remaining $50 and deposit it in a bank to repay the World Bank $10 each year.
4. That $50 in the commercial bank repays the outstanding $50 loan and earns interest income for the new State government. In terms of net worth, the State is richer because the loan's APR (interest paid) is fixed, but the APY (interest earned) allowed the State to earn net interest income.
5. The Anambra State government is quick to point out it is still repaying $50, but the funds to do so are left in a commercial bank account earning interest for the State.
The State did not have to incur any new cost or raise new taxes to settle this $50 debt.
Remember Peter Obi also saved in USD, meaning that there was no devaluation risk.
If anything, the question is: what did the State do with the interest income on the $50 in the commercial bank? What about the devaluation surplus from holding $?
This is a non-issue.
Chinese businesses are typically heavily discounted by the Chinese Government and banks to the point of being exploitative on their non-Chinese customers.
It is this reality that makes the U.S wary of them. No one doubts their business and innovative acumen but when you have almost unlimited State liquid backing, you're bound to engage in business practices that stifle business competition and decimate free markets.
There's a reason Jack Ma was decimated and cut to size by the CCP because he tried to be independent of the Chinese Government's influence, and made the mistake of heading out on his own.
It's one thing to sell a car that goes for 20m for 21m. But it's another thing to sell that car for 12m. That's what the Igbo traders are protesting against. Igbos are never against competition.
The Chinese traders are not offering you below reasonable prices from the kindness of their heart, it is deliberate state capture and sponsorship which they've employed for economic domination across board.
When you cripple competition, that is exploitative. The U.S government knows this, much of Europe know this, and so they are always put on a leash in those regions.
We in Africa neither have the leverage or the backing of Government, so we remain at the mercy of the domination of the East and West business exploitative practices.
The only way out, really, is to become productive. These are loopholes that the East exploit for their own agendas. We mustn't be ignorant forever.
Soludo is not a direct successor of Peter Obi. He ignored everyone before Peter Obi and everyone after Peter Obi to focus on Peter Obi.
What do you call that?