School Certificate For Collateral
2 analysed pages · open on Nairaland ↗
market_access_offtakers · 2knowledge_transfercapital_credit_grants
page 0 · 26 posts · 23 participants
· discussion_qa
This thread is a satirical discussion reacting to a news story about a Nigerian farmer attempting to use a school certificate as collateral for a 4 million Naira loan instead of his land. The conversation shifts from mocking the absurdity of the loan request to a broader critique of the Nigerian economy, credit system, and the devaluation of assets.
Pain points:
no_creditprice_crash
Prices:
school_certificate: NGN4000000.0 (Nigeria)suya: NGN1000.0 (Nigeria)
“Your School Certificate for 4 MILLION? Not even the land deeds”
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“As soon as he gets the money he will go and swear affidavit then go and write police statement that his school certificate got lost so they can issue him a new one.”
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“Who want to give you 4million for your certificate, it seems you are not ready.... Use the land as collateral and you will gladly be given the 4 million”
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Unclassified: satirical_reaction_to_news
page 1 · 7 posts · 6 participants
· discussion_qa
This page is a satirical discussion mocking the absurdity of using a school certificate as loan collateral in Nigeria. Users engage in banter regarding the financial value of educational credentials versus land ownership, with one user highlighting the impracticality of offering 20 acres for a 4 million Naira loan.
Prices:
land: NGN4000000.0 (Nigeria)
“People thinking a school certificate has any financial value. Assume you default on the loan and are unable to payback, what will the lender do with your school certificate to recoup the money. The answer is absolutely nothing. The school certificate is as useless as used toilet paper.”
exact
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“20 acres of land for 4 million naira loan Nigerian sha Lol”
exact
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Unclassified: The discussion revolves around the perceived value of education versus land as collateral, but does not fit specific agricultural production or market themes like crop prices or livestock health.