Norway is a small nation of around 5 million people. Norway produces oil equivalents that is more than Nigeria's in value per annum. If a country can be said to be a monoproduct economy the way that word is used in Nigeria, then that country is Norway, since over 50 percent of exports is oil which forms around 20 percent or so of GDP. The only difference is that small Norway which is less than the population of Osun state in Nigeria has a budget that consists of 20 percent oil money only despite that they make more oil money than 180 million Nigeria. The oil resources are state owned like in Nigeria and the economy is a mixed economy comparable to the defunct Western Nigerian government with its Produce marketing board, free education and free health care for the masses. The Produce board is comparable to Staat oil, the Norwegian oil company while their socialist intervention policies are thesame. The Norwegian sovereign wealth fund close to a trillion dollars today is a replica of the now comatose Oodua conglomerate. The Norwegian fund is said to control 1 percent of public shares globally and 1.3 percent in Europe.

Norway has no currency crisis like Nigeria, Venezuela, Russia and etc are experiencing despite that they have a very small population with a large oil income. However they reduced this income/government revenue to 20 percent of government budget by having one of the highest tax regime in the world where income tax approaches 50 percent of income. They thereby declare budget surplus every year, putting the excess in their sovereign fund. If they had been like Russia (oil income is 50 percent of government revenue) or like Nigeria (oil income is 80 percent of government revenue), then they would have needed to devalue their Krone has oil price dipped, so as to fund their Krone expenditures but they have no need for that because they have planned and do not want to depend on something they did not put there.

Norway is a good country. A country that is carrying on the work of creation as the Creator intended. God bless the country. Our people in Nigeria should take a cue from Norway. Yoruba people must secede from Nigeria. All our cities from Jebba in Niger state to Lagos must come under one umbrella, so that we can chart a new course for the advancement of our people while collaborating with others. May God help us.

50% of income na tax? And I dey cry for 20here

j

Are you in for secession my Yoruba friend. Under which name Odua or Yoruba nation.
So your Indigenous People Of Odua -IPOO

@OP; i like ur post about Norway but you ended it with tribal bigotry

BuddahMonk:

So your Indigenous People Of Odua -IPOO

LOMFA

divineappo:
@OP; i like ur post about Norway but you ended it with tribal bigotry

So wanting Nigeria to break up is tribal bigotry?