deomelo:



Funny when ignore and unintelligent ipob zombies call other people Zombie...

Wonders shall never end.

obaaderemi:
Illiterate, how can GDP be market valuation? GDP for a country is the same as REVENUE for a company because both are made within an annual period. Market valuation on the other hand takes into consideration things such as assets and going-concern in case you want to sell the company or entity. That is why market valuation is usually partitioned into shares. Now go and value the assets of Nigeria and come and tell us Nigeria's market value.

EternalTruths:


There is a difference between generating a revenue and profit.

The 412 billion generated by Lagos State is before expenses were deducted. Therefore would have little left over for Savings/ Foreign Reserve.

The 300 billion generated by Zenith and UBA is after expenses were deducted.
This is a clear indication that they are richer than Lagos


In the end, after Lagos deducted her expenses, how much was left for savings & investments.? None.



A State can have left over just as a company can have.


In the case of a company, it is called Profit
In the case of a State, it is called Savings/Reserve.


The Profits of those companies are far higher than the Reserves of Lagos State


That is what Kettykings and co have being trying to pass along but educated illiterates from Afonja land don't want to understand.

IkpuMmadu:


Amen



They wouldn't learn
They wouldn't travel
They wouldn't venture out


They would always stay in their region while others would come and have a greater chunk of their economy and they would be shouting sophisticated bup and down ....without showcasing it


I wish them well

obaaderemi:
Illiterate, how can GDP be market valuation? GDP for a country is the same as REVENUE for a company because both are made within an annual period. Market valuation on the other hand takes into consideration things such as assets and going-concern in case you want to sell the company or entity. That is why market valuation is usually partitioned into shares. Now go and value the assets of Nigeria and come and tell us Nigeria's market value.

kettykings:



why are you people loosing your peace over this thread, this is even meant to promote economic consciousness and and intelligence, if i threw a real ethnic tantrum at you folks Nairaland would crash so i dont throw tribal / ethnic slurs i just want to promote good business discuss

obaaderemi:
Thank you for not arguing with me that market value is the same as GDP. Now you've learnt something valuable, go and play. Meanwhile, Globacom,a company founded and owned 100% by s Yoruba man is richer than the 5 IBO States combined. Globacom had a revenue of $1.2bn as far back as 2013. So don't advice Yorubas about investment.

BigIyanga:

Everyone does have not ethno-religuous binoculars like you!!
I called the OP’s thread nonsensical for saying that SA company is Naija’s and also for saying that company is richer than Lagos.
However, some companies are richer than Lagos and Naija!! A fact!!

Lot13:
After you've been forced to see your folly!!

kettykings:



why are you people loosing your peace over this thread, this is even meant to promote economic consciousness and and intelligence, if i threw a real ethnic tantrum at you folks Nairaland would crash so i dont throw tribal / ethnic slurs i just want to promote good business discuss

oodualover:

Who told you Yoruba people don't travel? You iboes are fond of making ludicrous statements. I will always be here to refute your lies. Yoruba people travela lot. We just don't visit iboeland like the way you run to our land.
There are over twenty thousand Yoruba people in the new York alone.
Ibotic ignoramus!!!

deomelo:




@ Blue an Red, you are basically saying the same thing so why blame the ignorant OP and his demented thread while at the same time agreeing with hi that some companies are richer than Lagos.


It is not by force to comment or confuse yourself with your own rubbish.

BigIyanga:

Another copy and post from a zombie without encephalon.
Zombie Folks like you that you can make up stuff in order to make u feel good that Naija is a rich country...Japan does doesnt have mineral resources, but it’s one of the top 5 richest countries in the world.. how come?

BigIyanga:

Not the same! Lagos GDP is about $40bn while MTN Nigeria is very far from that! So that cannot be the same!!

Japan doesnt have any mineral resouces, so why dont economists say that Naija is richer with our vast mineral resources?

BigIyanga:

You are the fool here. All the funds Naija govt makes in a year are captured in the budget.. about $25bn, this is also the amount of money Naija folks living in diaspora send to Naija. Naija govt is borrowing 60% of that to fund budget for RECEX and CAPEX!
Apple has $250b on hand, which us 10x what Naija spends.
Stop brandishing your unbridled ignorance!!

obaaderemi:
You are just like your silly IBO brother, the OP. Mtn group's revenue is just $17bn last financial year. And Mtn group is bigger than Mtn Nigeria. So how is $17bn bigger than $40bn?These IBO statisticians sef.

sevenhundred:
lack of idea and knowledge brings insult and abusive words to an argument!!! still I will enlighten you, you are only concerns about those company returns and income on investments pls can you compares the govt running and overhead cost with those companies. and you think the govt don't spend out of budget? you need to learn more, enough.

BigIyanga:

You can never get it! Congenitally incapable of understanding simple concept. MTN Nigeria is not publicly traded and part of MTN Group.

deomelo:




@ Blue an Red, you are basically saying the same thing so why blame the ignorant OP and his demented thread while at the same time agreeing with hi that some companies are richer than Lagos.


It is not by force to comment or confuse yourself with your own rubbish.

oodualover:

The guy does not know that oba otudeke is a majority shareholder in airtel

BigIyanga:

Not the same! Lagos GDP is about $40bn while MTN Nigeria is very far from that! So that cannot be the same!!

Japan doesnt have any mineral resouces, so why dont economists say that Naija is richer with our vast mineral resources?

IkpuMmadu:


Don't be this daft ..Paschal Dozie is from Egbu Owerri in Imo state not Delta State and he is a majority shareholder and that is why MTN uses his bank Diamond bank


You have seen how Igbo roll yet they fought wars and still fighting the system


I love been Igbo

obaaderemi:
And I ask you again, if the whole Mtn group made $17bn, how is Mtn Nigeria which is just a part of the group now bigger than Lagos GDP of $40bn(a wrong figure you just pulled out of your assholee)?The rest of us can't just fold our arms and let idiots peddle lies which children may believe one day if not debunked. Shame on you.

BigIyanga:

Critical thinking doesnt reside in the realm of your encephalon. Staying on timeframe is difficult for ethno-dimwits like you. So Lagos is richer than MTN Group. Fact!! But no company is richer than Lagos/Naija? Agbero logic! So what’s Lagos worth? Folks like you want to say that Lagos/Naija cant be determined, but then come back and say that Lagos is richest city in W/Africa or that Naija is therichest country is Africa... how did you arrive at those figures??

obaaderemi:
Silly boy, you and your pidiotic brothers-who had since run away from the thread- started by listing Nigerian companies richer than Lagos and among those, you stupidly listed Mtn Nigeria and Zenith bank. After you had been taken to the cleaners, you shifted goalposts in typical OSU manner to use Apple. You are as unstable as water. I sent you an article by Forbes magazine on why it is silly and ignorant to compare companies with countries or even a city like Lagos because there is no way devised yet to ascertain the assets both financial and otherwise of nations. In your customary igbotic fashion you failed to grab that free knowledge and choose to continue embarrassing yourself. To your question, you can compare countries or cities GDP to know which is bigger. Again Lagos GDP is over $100bn while Mtn Nigeria revenue is about $3bn. FYI, both are made within a year.

BigIyanga:

Typical ethno- amped simpleton fueled by agbero logic! Same way it’s pure nonsense to say that MTN Naija is bigger than Lagos without factoring its GDP, is the same way it’s an arrogant display of unbridled and willful ignorance to say that Apple is not richer than Lagos/Naija.

Mynd44:

Lagos State governor, Akinwunmi Ambode, has described the state as the fastest growing mega city in the world, just as he revealed that its Gross Domestic Product GDP has hit $136 billion

http://nigeriacommunicationsweek.com.ng/lagos-gdp-hits-136bn/

LAGOS State government on Tuesday disclosed that it has a staff strength of 100,443, even as it said it also created employment opportunities indirectly through various projects awarded as contracts across the state

http://www.tribuneonlineng.com/lagos-staff-strength-100443-hos/


Where do you people find your alternate facts from?

EternalTruths:



The problem with most of you, is that you people aren't well informed and fail to properly inform yourselves.


There is no way, a state can be richer than a globalized company.

Why.?

Because, what makes a person or country or company rich, is it ability to produce diverse products that can be exchanged for money.


You don't expect Lagos or Nigeria to be richer than any globalized company.

That is why I believe that Nigeria should take
R & D serious so that they can develop such companies to create wealth & good jobs for Nigerians.

Unfortunately, Buhari the dullard has destroyed YOUWIN and has not set the ball rolling for R & D

Mynd44 kettykings etc take note of this fact.

EternalTruths:



If the Igbos take R & D very serious and build globalized companies out of it, each of their companies will possess more wealth and good jobs than Lagos State.

Ability to produce diverse marketable goods & services, is the key to wealth creation.

kettykings:

Eternal truth i quite agree with you on this even a that i compared the revenues of Lagos state Government and the Private companies and found that the these companies make more revenue as at the quoted dates.

oyatz:


Why this fixation of Igbos with Lagos sir?

Why aren't t saying they will build wealth greater than Abuja, Johannesburg, New-York, Kano, Cotonou or Cairo?