u/DAN_USMAN

Has anyone seen The Big Short?

Has anyone seen The Big Short?

Essentially what happened was banks gave out loads of mortgages to people who couldn’t really pay. They packaged those loans and sold them as low-risk investments. When people started defaulting, the whole thing collapsed and took the economy with it.
Does any of that sound familiar with how OPay, PalmPay, FairMoney and the rest are handing out loans left and right? I personally know people who took these loans with zero intention of ever paying. Some just borrow from one to pay the other and buy data with the change.
Of course it’s not going to be 2008-level catastrophic. But what’s the realistic worst that can happen here? Individual lenders going under? People getting trapped in debt cycles? Or is the scale still too small for serious systemic damage?
Any actual financiers, economists or people who work in credit in the house? Curious what you think.
(For context I’m a graduate architect. Being broke is what made me start paying attention to politics and economics.)

u/DAN_USMAN — 8 hours ago
▲ 81 r/Nigeria

Have you seen this interview and what are your thoughts

Me again talking about politics 😭🤣.

I watched a recent interview with Peter Obi and I wanted to get other people’s perspectives on it, especially from those who support him.

What stood out to me was that when he was asked detailed questions about how he would actually govern or implement policies, his answers felt a bit general and less structured than I expected. At a few points, it seemed like he leaned more on the idea of “trust me” rather than breaking down concrete steps or systems.

Maybe I am missing context or expecting too technocratic an answer from a politician, but I found it hard to clearly understand the mechanics of what he is proposing from that exchange.

I am not trying to dismiss anyone else here. I am genuinely trying to understand how supporters interpret interviews like this. Do you think clarity of policy execution matters less in this context, or is there a deeper explanation I am missing?

Would be interested in hearing different takes, especially from people who have followed his policy positions closely.

u/DAN_USMAN — 2 months ago

Elon Musk reportedly becomes the first trillionaire in history. Thoughts

Just curious what people think about this.
Personally, I don’t like Elon Musk, and I feel like the way this level of wealth was reached isn’t very ethical, even if it’s impressive on the surface.
What’s your take on it.

u/DAN_USMAN — 2 months ago
▲ 53 r/Nigeria

₦210 trillion. That’s roughly $150 billion.

Okay, I know the Senate committee has issued arrest warrants, but this people in Babban riga should be behind bars if this is true. ₦210 trillion is an absurd amount of money. That is enough to address multiple basic national problems in Nigeria, yet we’re hearing it was spent on what exactly? If such sums cannot be properly accounted for, then this goes beyond mismanagement and becomes a question of accountability and consequences.
want to hear people’s thoughts because numbers at this scale stop feeling real.

u/DAN_USMAN — 2 months ago

Colonialism, Pan-Africanism, and Nigeria’s Development Problem

Recent debates on African development often default to two explanations: colonialism and Pan-Africanism.
Colonialism clearly shaped African states through extraction, arbitrary borders, and disrupted institutions. The problem is when it becomes a universal explanation for present underdevelopment, even when different post-colonial states show very different outcomes.
That variation points to internal factors: governance quality, institutions, and elite incentives.
Pan-Africanism, in its political form, raises a similar issue. In principle, African cooperation and integration make sense. In practice, it often ignores how difficult cohesion is even within existing states.
Nigeria is the key example. After more than 60 years of independence and over a century of administrative unification, ethnic identity and patronage politics still strongly shape outcomes. If internal consolidation remains incomplete, continental political unity becomes more rhetorical than realistic.
This is why I see political Pan-Africanism as largely utopian or instrumental rhetoric, often used for political branding rather than institutional solutions.
The core question is whether development depends more on:
-Strong institutions.
-Lower corruption and elite capture.
-Reduced identity-based politics.
-Consistent governance over time.
Without addressing these internally, larger ideological frameworks do not solve the underlying constraints.

reddit.com
u/DAN_USMAN — 2 months ago

APC Defenders, Enter at Your Own Risk. Drop Your Best Peter Obi Receipts or those of any presidential candidate you think deserves to be voted for (maybe even yourself if you’re considering running).

Hello guys.
The mission is simple:
Drop the most convincing evidence, facts, clips, articles, interviews, policies, achievements, debates, documentaries, or “this is why this person might actually know what they’re doing” material for Peter Obi or honestly any presidential candidate you support.
Not vibes. Not edited TikTok sigma compilations. Actual receipts.
At this stage, APC criticism is practically a national hobby. Nigerians don’t need a TED Talk on fuel prices, inflation, insecurity, electricity, or why “it will get worse before it gets better” has become government poetry.
So instead of only roasting APC:
Show why your preferred candidate is competent
Show policies
Show economic understanding
Show leadership history
Show interviews where they sound like functioning adults
And if you’re still supporting APC in 2026, this is your time too. Defend your club. Bring evidence. Convince people why “renewed shege” should continue.
Extra points if:
APC memes and jokes are allowed. This economy owes everyone emotional compensation anyway.

reddit.com
u/DAN_USMAN — 3 months ago
▲ 20 r/Nigeria

This isn’t one of the usual heated or polarizing topics here just a small observation I’m curious about.
In Nigeria, it’s very common to see people attach their profession to their name Engr., Arch., QS, etc. Even economists and some people in finance do it too. It often becomes part of how people introduce themselves or are addressed, even outside formal settings.
But in most Western countries, this is rare. Even people who are fully qualified engineers, architects, economists, or lawyers don’t usually put those titles before their names. The consistent exceptions seem to be:
Doctors (medical)
PhDs (mainly academic settings)
Professors
Military ranks
Political offices
What stands out is that many Western public figures actually have strong professional or academic backgrounds, but they still don’t use those titles publicly.
This came up from my experience on site, where almost everyone is called “engineer” and they’ll respond to it without hesitation.

reddit.com
u/DAN_USMAN — 4 months ago