plaindealer:








Ok, let'a accomodate your flawed reasoning for a second.


Yes, corruption is everywhere in Nigeria including state and local government level, but we do have crimne fighting institutions like the Nigerian police, efcc and other institutions in place to arrest these problems and th last time I checked, these are all federal agencies directly under GEJ.

So, cut and dice as much as you want, the burded still rests with GEJ, even in the article, they said nothing about Nigerian states and local governments, it says Nigeria and who is president of Nigeria?

The president is sorounded by crooks, indicted fraedstars and ex convicts, he gives, pardons, aid and comforts to criminals and convicts, his AG and main law officer is a crook, his spokesman is a crook and self-admitted fraudstar, he welcomes and fraternize with thugs and unrully elements....the list goes on and on..

Whatn government budgets billions for terrorists and I'm talking about even more money for terorist than for healthcare of it's citizens.

GEJ is a clear representation of the bad and corrupt Nigerian institutions...

Despite the efforts to diversify the economy and attract investors by the Jonathan administration, Nigeria is still ranked among the stragglers in the Global Competitive Index, GCI, 2013-2014 released Wednesday by the World Economic Forum.

Rossikk: ''The sky is falling!! Jonathan is a failure!! Everything is falling apart!! The country is doomed!!''


YET:


Nigeria Remains No 1 Investment Destination In Africa

http://allafrica.com/stories/201306270355.html

https://www.nairaland.com/1249139/foreign-investors-pour-into-nigeria


Gbawe, why are companies like GE, which is building a $1 billion manufacturing plant in Nigeria, not doing so in MAURITIUS instead? Any idea?

agbameta:


lol @ your usual lay man reasoning and okporoko dance.

To start with, nearly all the investments entering Nigeria ends up in just one part of the country which means the states involved are largely responsible for brining in the investments based on their own trade and investments policies, administrative skills, investment incentives, trade forums and investment summits.

So, don't come here talking about some general anemic growth

and investments brought to life by the most corrupt and incompetent administration in the history of mankind.

We should be far far ahead, we are grossly underperforming because of on single impediment which is the federal government of Nigeria.

Rossikk:

Assuming you're right (which you're not), who stopped the other states from opening up their economies? Jonathan?

6.8% annual GDP growth - fastest among the major developing nations - is what you call ''anaemic

YAWWWWNNNNN.... So corrupt and incompetent that they've given the world her fastest growing major economy. We want MORE of such ''corrupt, incompetent' govts in power in Nigeria and Africa..

You don't want Nigeria to be ''far far ahead'' under Jonathan. It would destroy your happiness, and make you even more bitter and desperate to demean him than you are now. Go on...admit it. The funny thing is you don't realize just how utterly transparent you are.

Gbawe.:
Another negatively damning indictment showing, for all morally upright Nigerians, that GEJ is an unmitigated failure who is worsening our biggest problems. Far from being "transformation", this President has turned out to be a champion of retrogression and stagnation.

Nigeria is moving backwards in every aspect under this woeful accidental leader. That Nigerians put up with this abjectly incompetent President, when proof of his "kindergaten" incompetence come in overwhelmingly thick and fast every day, is the biggest disgrace of all. That, above everything else, is what reveals we are a disunited joke of a nation unable to call a spade a spade.

http://odili.net/news/source/2013/sep/6/313.html

agbameta:

Very anaemic considering our population and natural resources. Common sense should tell you that we should be very very far ahead, but we are not because of grave ills like corruption oil theft and federal incompetence. Weak and shallow minds like yours get hooked on coolaid so you miss the obvious.

Again, imagine your growth without major oil theft, incompetence and documented shameful global corruption profile.

You have oil companies backing out of projects like LNG because of incompetence, lack of seriousness and progress with the Oil bill.

Do you have a brain or it's sadly buried inside GEJ's asss?

Stating obvious factors limiting our growth doesn't mean you don't want your country to develop

Rossikk:

Is Nigeria the only country with ''huge population and natural resources''? There are many other countries far more endowed than Nigeria which are NOT posting these economic growth rates. So spare us this fingerpointing, holier than thou cr*p. You think it's to come here and point fingers? If you found yourself in power tomorrow, why are we supposed to believe you will be a saint? Are Tinubu and co not your heroes? Nasty thing. [b]Abeg bugger off with your miserable self jare!!

Welcome to the REAL world. EVERY developing nation is grappling with problems like corruption etc. Even developed nations. Nigeria is not even ranked among the top 30 most corrupt nations by Transparency International. Russia, Venezuela etc are ranked worse in the index. Of course noise making miseries like you will always shout from the rooftops to make it seem Nigeria is the most corrupt nation on earth, since that makes you feel better. The president is not Yoruba afterall, so you don't care. [b]Tell me, have you ever attacked Tinubu and other SW leaders for their theft and corruption? Can you account for Tinubu's wealth? Tribalist freak of nature with an attitude you.

As for 'oil theft', is it your father's oil? Do you see anyone complaining about cocoa theft in your region? Do you share any cocoa earnings with the people whose oil you crave? Let those on whose land the oil is stored be the ones to cry about it, NOT YOU, you tribalist scumbag. Ole, looking for free oil from the same people he hates. Come carry na!

You have NO CLUE why they are ''backing out'' so STFU. Meanwhile, why don't you work to increase your region's cocoa output (or whatever it is you produce) so you don't need to depend so much on the South-south's oil? Can't you stand on your own feet? Why are your SW leaders displaying so much ''incompetence, lack of seriousness and progress'' in developing your natural resources?

[s]

You do NOT want Nigeria to develop with a South-South, Ijaw, or Igbo president in charge. That is the problem you have. You are a hateful tribalist, and a very bitter one at that. If the president was a Chief Segun Awofeso from Osun state, you would NOT display the nake.d, spiteful contempt for him which you do for this president. I know that, You know that, The world knows that.

Sadly for you, Nigeria is what it is and there is not a damn thing you can do about it. You have a problem, move your backside to Burundi.

[/s]

ballabriggs: You know I say something daily on this forum, that development is about competitiveness. And this is very true to a large extent. Competitiveness occupies a lot of studies in the Development Economics literature.

Nigeria continues to lag in terms of innovation, technological readiness, infrastructure, institutions, health and primary education. These are the things critical to move from that low level of competitiveness to a higher level of competitiveness.

If you look at the global export market and all a country of over 100 million people contributes is basic primary products, then that country does it even know where it's headed.

Burden Of Recurrent Expenditure: ‘Lifestyles’ Gulp N18tr In 12 Yrs
Posted by Editor on March 31, 2013.
The Guardian.

Only N6.5trn Spent On Infrastructure

OFFICIAL figures from the National Bureau of Statistics (NBS) indicate that the current democratic dispensation has gulped over N18 trillion to service national “lifestyles” — operations, wages and salaries, purchase of goods and services, as well as subsidies, among others — in sharp contrast to a relatively paltry N6.5 trillion spent on infrastructure between 1999 and 2011.

Realistic figures on last years recurrent and capital expenditures, according to NBS sources, are still being fine-tuned. But indications are rife that, going by the professed efforts of the Finance Ministry and the Coordinating Minister for the Economy, Ngozi Okonjo-Iweala, to cut down on recurrent expenditure, the figures could take a downward trend, albeit insignificantly.

A document, which The Guardian procured from the NBS, showed a uniform average recurrent expenditure pattern within the range of N1 trillion and N1.6 trillion between 2003 and 2007, but shot up significantly to N2.1trillion in 2008, N2.3trillion in 2009, and jumping even higher to N3.3trillon in 2010 to settle at N3 trillion in 2011.

While the recurrent component burgeoned, capital expenditure dwindled in the period under review.

Specifically, N489 billion capital expenditure in 1999 fell to N239.4 billion the following year. It, however, appreciated to N519.5 billion in 2004, sustaining the tempo to 2009, when the government, according to the NBS, spent N1.1 trillion on infrastructure. The figure also went down to N883.9 billion in 2010, the year the country spent the all-time high of N3.3 trillion on recurrent items.

Official figures in the last 31years also indicate that the country has raked in about N51.50 trillion as proceeds from oil.

Between 2000 and 2011 (a 12-year period), it earned N48.40 trillion, as against N3.10 trillion it received between 1979 and 1999. The estimates exclude revenues derived from non-oil sectors.

Further analyses show that, except for some evidence of volatility, revenue from oil had maintained an upward swing, from N724.4 billion in 1999 to well over N4.4 trillion in 2007. The trajectory of growth continued, with N6.5-trillion revenue in 2008, (dropping to N3.2 trillion in 2009 and picking up again to N5.4trillion the following year) to hit N8.8 trillion in election year, 2011.

The lower quantum of government spending on infrastructure, as against burgeoning expenditure on “lifestyles,” becomes significant when viewed against the backdrop of heavy capital expenditures by developing nations to engender growth.

Similarly, capital expenditure takes the lion’s share of annual spending in many advanced countries.


For instance, although Australia’s cultural spending represents just an aspect of its capital and recurrent expenditures, the 2009/2010 expenditure figures, as republished by the Australian Bureau of Statistics (ABS) in commemoration of the International Year of Statistics 2013, gives an insight into the thinking of the government with respect to capital expenditure.

It shows a heavier capital vote on infrastructure than on recurrent —operations, wages, salaries, subsidies as well as purchase of goods and services, among others in that category.

Australia’s recurrent expenditure on cultural activities for the two-year period was $5,769.2 million. The government allocated $2,218.4million of its cultural funding towards recurrent activity, while state and territory governments allocated $2,502.1m and local governments allocated $1,048.7m.

Its capital expenditure — for creation of fixed assets, acquisition of land, buildings and intangible assets —by all levels of government, was $888.9 million.

According to the ABS’ website, the majority of this capital expenditure was from state and territory governments, which outlaid $501.2 million, while the central government outlaid $238.6m; and local governments, $149.0 million.

Seventy-year-old former British Minister, global investment advocate and coordinator of the Honorary International Investment Council (HIIC), Baroness Lynda Chalker, in a recent interview with The Guardian, added her voice to the debate on Nigeria’s mismanagement of oil revenue.

She said the country would have an impressive record in Foreign Direct Investment, especially in the energy and financial services sector, only if it reviewed extant policies and think of modernising its oil infrastructure, among others.

Of particular concern to Chalker is the yawning gap between existing oil technology in Nigeria and global expectations. She observed that the country, having been producing oil in the last five decades, needed a holistic overhaul of its production technology and to make the upstream really efficient for competitiveness.

Many Nigerians believe that the state of physical and social infrastructure would have been pleasantly different if the huge revenue from oil and non-oil sectors were judiciously utilised for the good of “one and all, specifically to maintain the nation’s road network of 193,200km — 34,123km (federal), 30,500km (state) and 129,577km (local government).

Mr. Callistus Chibuzor Okeke, an Onitsha-based public Affairs analyst, in a telephone conservation, said it was interesting to note that the Nigerian economy was more tightly, if not better, managed with less than $10 a barrel of crude oil in 1997 and 1998 than it was in 2002 when prices was over $100 a barrel.

The huge budgetary allocations made for road construction and rehabilitation in the last 13 years notwithstanding, over 70 per cent of the 34,123km federal roads still remain in wretched state.

Mr. Godwin Nkwegu, an Abakaliki-based auditor, alluded to this in a telephone chat when he observed that, apart from few road dualisation and maintenance projects, no new Federal road has actually been constructed in the last 20 years.

shymexx: however, the people also don't know what they want.

DonColz1: Nigeria has a serious problem, jonathan government is a confused government, there is too much money in nigeria, but they would be using it to buy yatch, jet, and luxurious that are not adding anything to the growth of the nation, jonathan government does not focus on economic growth but focuses on personal growth, after all the promises he made during his 7 point agenda, nigeria is still the same, the problem with jonathan government is planning, and this is going to cripple the nigeria if he does not plan how to use the resources of nigeria..

Sincere 9gerian: The reasons for the poor ranking of Nigeria, according to the report, are:

-weak institutions (ranked at 129th out of 148)
-engrained corruption, undue influence, weakly protected property rights, insecurity (ranked at 142nd),
-poor infrastructure (ranked at 135th)
-poor primary education (ranked at 146th)

Well, many of those criteria are either joint responsibility of all tiers of govt or responsibility of other tier of govt. For instance, primary education is not the responsibility of GEJ. It is the constitutional responsibility of state and local govt. So @Gbawe and other APC sycophants should tell their masters that the poor primary school education in their states is affecting the ranking of Nigeria.

The other criterias including weak institutions, corruption, poor infrastructures,etc is an indictment on all tiers of govt- state, federal and local govt. It shows that they ALL have to do MORE.

Tractor: No leader faced with bokoharam can do better than GEJ. QED.

Gbawe.:


Shut up and get lost. I have no interest in reading what you write because you are a shameless liar and a very poor excuse of a Nigerian. Talk to those who are interested in your childish hogwash.

olire: you APC gys should be matured for once, though I am a neutral but with the way u gys are just throwing insults for no reason I am greatly dissapointed. Kudos to the PDP gys, so far they have not resorted to insults. Can we do away with insults please so that this debate will constructive?

Sincere 9gerian: The reasons for the poor ranking of Nigeria, according to the report, are:

-weak institutions (ranked at 129th out of 148)
-engrained corruption, undue influence, weakly protected property rights, insecurity (ranked at 142nd),
-poor infrastructure (ranked at 135th)
-poor primary education (ranked at 146th)

Well, many of those criteria are either joint responsibility of all tiers of govt or responsibility of other tier of govt. For instance, primary education is not the responsibility of GEJ. It is the constitutional responsibility of state and local govt. So @Gbawe and other APC sycophants should tell their masters that the poor primary school education in their states is affecting the ranking of Nigeria.

The other criterias including weak institutions, corruption, poor infrastructures,etc is an indictment on all tiers of govt- state, federal and local govt. It shows that they ALL have to do MORE.

olire: you APC gys should be matured for once, though I am a neutral but with the way u gys are just throwing insults for no reason I am greatly dissapointed. Kudos to the PDP gys, so far they have not resorted to insults. Can we do away with insults please so that this debate will constructive?

So @Gbawe and other APC sycophants should tell their masters that the poor primary school education in their states is affecting the ranking of Nigeria.