Statsocial:

Desyner: :
Nigeria is a nation of potential that's rapidly being neutralized by population even before the potential comes close to being realized.

Lol you are right.
Me actually thinks that a less socialist drift would give Nigerians reasons not to give birth to many kids. If we continue at this rate funding higher education, healthcare would become a very very serious problem in the future.
I imagine what Lagos would have been if it had, say just 5 million people.

I'm afraid it's not that simple. Except you both can back up your "population logic" with veritable stats...........

Population is one of the advantages the Nigerian economy has that is under exploited. Why do you think investors especially comodity businesses looks towards countries like Nigeria? Why do you think for example Thailand rice mills which are fast loosing their revenues as export to Nigeria is almost being wipped out, are relocating those rice mills to Nigeria?

Do you think if Lagos is just 5 million people, do you think Lagos can generate 10% of the current IGR? Think of how much Lagos generates from its high population - Land use charges, consumption taxes, License renewals, PAYEE etc? Why do you think Lagos have that monstrous weight to borrow like crazy to fund their infrastructure projects? Lagos does not have natural resources that commands commercial value to make a 5 million people economy that prosperous. Lagos thrives on commerce, and population is a major catalyst.

Statsocial:

Desyner: :
They can contribute but they hardly do.

Sometimes I wonder how far this nation would have gone if it was just SS/SE/SW-though they have their differences but they would have fared far better together than this current arrangement. When we pull our natural, human resources and intellectual worth together we would have been on cruise right now. South Africa might even ve a learner.

I just see Northern Nigeria as a burden or yoke on the South. We would always have to drag the North along. And you know how hard it would be dragging something bigger than you forward. You would move at snail speed! If the North was smaller it would have been easier but they are to big to be redundant without pulling everyone down in all spheres.

And since we can't have a secession it is important that we create very "Independent States" where Abuja is thoroughly deemphasized and the states have their resources to each develop at its own pace.

I also try as much as possible to shy away from ethnically laced and not well articulated arguments like this. There is not guarantee that SS/SE/SW's cohabitation will serve better economic prosperity and peace. Pray tell, how is kidnapping, pipeline vandalism and violence in the south any different from Boko Haram in the North? The North you so deride is actually the food basket of the producing South. The not too long ago "tomato crisis" gave us an insight.

Let me share a personal experience. I had an interesting conversation with a top NPA official on why our inland ports are not working, especially Warri, Calabar etc. After the man put me through the geographically arrangements of our waters, a major challenge many of these inland ports face today is security. Warri is a major crisis period. He said no ship will dare go south, when Warri waters are badly reputed for attacks by youths, pirates and cults.

These numbers are skewed this way because on the balance we are more import oriented than export. If our agribusiness revolution hits an ante, you will see the pattern skewing and SE will be the least (if not for Oil, SS would have taken that position). SE/SS should get "house" in order and promote peaceful and enabling environment for business to thrive. This is what drives the numbers up for Lagos

mapet:


I'm afraid it's not that simple. Except you both can back up your "population logic" with veritable stats...........

Population is one of the advantages the Nigerian economy has that is under exploited. Why do you think investors especially comodity businesses looks towards countries like Nigeria? Why do you think for example Thailand rice mills which are fast loosing their revenues as export to Nigeria is almost being wipped out, are relocating those rice mills to Nigeria?

Do you think if Lagos is just 5 million people, do you think Lagos can generate 10% of the current IGR? Think of how much Lagos generates from its high population - Land use charges, consumption taxes, License renewals, PAYEE etc? Why do you think Lagos have that monstrous weight to borrow like crazy to fund their infrastructure projects? Lagos does not have natural resources that commands commercial value to make a 5 million people economy that prosperous. Lagos thrives on commerce, and population is a major catalyst.

Typical textbook insight. Nigeria is one of Africa's poorest nation on a per capita basis. Investor come here because there is huge market and by proxy, profit to be made - population that goes to Abuja every 30 day is not a good or properly oriented one.
We saw how the states were bailed out by the FG some 12-24 months ago. And that's because the populace is feeding on the FG instead of the FG being feed by the populace.
In a developed and well oriented society, population is good but not in Nigeria, professor mapet.

triple996:

After Lagos, Abuja follows with 20% generated
Before rivers, Kano, kaduna with 6,5,1% respectively
So Abuja is not north ba
Continue deceiving urself
D region with d least contribution is SE(RIVERS 6%)

Dear gulliblette, Rivers State is not South East.

Desyner:
Typical textbook insight. Nigeria is one of Africa's poorest nation on a per capita basis. Investor come here because there is huge market and by proxy, profit to be made- population that goes to Abuja every 30 day is not a good or properly oriented one.
We saw how the states were bailed out by the FG some 12-24 months ago. And that's because the populace is feeding on the FG instead of the FG being feed by the populace.
In a developed and well oriented society, population is good but not in Nigeria, professor mapet.

Hi Desyner,

Have you completed your NYSC yet?

How is my submission different from the highlighted....... hmmn! I understand your limit

Where is that money FG

bloodmoneyspita:
how much did the north contribute?

They contributed to the destruction of lives and property, which is monetarily incalculable.

mapet:


I also try as much as possible to shy away from ethnically laced and not well articulated arguments like this. There is not guarantee that SS/SE/SW's cohabitation will serve better economic prosperity and peace. Pray tell, how is kidnapping, pipeline vandalism and violence in the south any different from Boko Haram in the North? The North you so deride is actually the food basket of the producing South. The not too long ago "tomato crisis" gave us an insight.

After providing the food for the nation they earn alot. I have no problem with a man getting rewarded for his labour, what I have a problem here is the tax they pay.
Take rice for example Nigeria used to need about N300B-N400B equivalent of forex to import rice some 3 - 5 years ago. Then came the rice revolution where foreign rice was replaced by local alternative largely from the north. Now my question is : where is the tax from the northern rice merchants?
That's why I opinned that "they can pay tax but hardly do"

mapet:


Hi Desyner,

Have you completed your NYSC yet?

How is my submission different from the highlighted....... hmmn! I understand your limit

You asked why investors look towards Nigeria. Read your first post where you quoted me and statsocial again sir...

mapet:


I'm afraid it's not that simple. Except you both can back up your "population logic" with veritable stats...........

Population is one of the advantages the Nigerian economy has that is under exploited. Why do you think investors especially comodity businesses looks towards countries like Nigeria?

From the above you are trying to say investors come to Nigeria because of population but I am saying they do because of market and profit opportunity. The market and profit opportunity exist because the govt
share easy oil money and not because the populace are hardworking. It is on the strength of the fact that Nigerians aren't very hardworking nor productive that I don't buy your population based argument.


The fact that you picked a portion of my comment and referenced it out of context says alot about your reasoning and education if you had any. Also of importance is the fact that you are quick to throw tantrums.

What have they used the billions for? Smh.

Wiseandtrue:
with their multiple taxes
Milking the poor to enrich themselves
No achievements beneficial to the masses
The worst regime Nigerians have witnessed so far.
That girl wey give Abacha Apple, where you dey now

Babe, u wicked o!! So u want bubu to eat injected apple abi? There is God....

debolayinka:


They contributed to the destruction of lives and property, which is monetarily incalculable.

What the Fulani's and Boko haram guys fails to understand is that, they are simply degrading their human and capital strength.

You can just imagine Lagos state alone generating 55% of the entire country's tax, what a big shame to the northerners. All you see them do is to flock Lagos streets with their begging prowess alongside some of them riding motorcycles.

Finally, bubu should look for a way of reorientating his people to wake up from their slumber, time waits for nobody. Should in case the country divides, the far northerners will really end up drinking their pee due to high level of poverty....

Statsocial:

Sometimes I wonder how far this nation would have gone if it was just SS/SE/SW-though they have their differences but they would have fared far better together than this current arrangement. When we pull our natural, human resources and intellectual worth together we would have been on cruise right now. South Africa might even ve a learner.

I just see Northern Nigeria as a burden or yoke on the South. We would always have to drag the North along. And you know how hard it would be dragging something bigger than you forward. You would move at snail speed! If the North was smaller it would have been easier but they are to big to be redundant without pulling everyone down in all spheres.

And since we can't have a secession it is important that we create very "Independent States" where Abuja is thoroughly deemphasized and the states have their resources to each develop at its own pace.

I was actually moved by what you wrote up here. Left for these three regions you mentioned, Nigeria's visa would have been a hot cake.

Desyner:

You asked why investors look towards Nigeria. Read your first post where you quoted me and statsocial again sir...


From the above you are trying to say investors come to Nigeria because of population but I am saying they do because of market and profit opportunity. The market and profit opportunity exist because the govt
share easy oil money and not because the populace are hardworking. It is on the strength of the fact that Nigerians aren't very hardworking nor productive that I don't buy your population based argument.


The fact that you picked a portion of my comment and referenced it out of context says alot about your reasoning and education if you had any. Also of importance is the fact that you are quick to throw tantrums.

Hmmn!

Bros........


Let me let you enjoy your day.......

[quote author=bloodmoneyspita post=64113406]how much did the north contribute?


Abuja contributed 25%. How much did ipob touts enclave cobtributed?

crispus09:
oga o lagos do work north sitdown dey chop it

How much is SEast contributing?

and tommorrow they will say no money.useless set of people

BruncleZuma:


Dear gulliblette, Rivers State is not South East.

My mistake then
Don't take it personal

And they still want to borrow?

The Issue of VAT compilation is very complicated to comprehend in Nigeria. Lagos paid highest VAT does not mean Lagos people consumed/provide most of the goods and services. But the VAT returns get compiled and paid in Lagos because most of companies headquarters are based in Lagos.
Everybody in the country contribute to VAT revenue generation from south to north, Lagos to Maiduguri, Banks, farmers, transports people, those that play lotteries(bets), bureau de change people, market men and women, and infact everybody that Consumes/provides goods and services.

Desyner:

You asked why investors look towards Nigeria. Read your first post where you quoted me and statsocial again sir...


From the above you are trying to say investors come to Nigeria because of population but I am saying they do because of market and profit opportunity. The market and profit opportunity exist because the govt
share easy oil money and not because the populace are hardworking. It is on the strength of the fact that Nigerians aren't very hardworking nor productive that I don't buy your population based argument.


The fact that you picked a portion of my comment and referenced it out of context says alot about your reasoning and education if you had any. Also of importance is the fact that you are quick to throw tantrums.

Wait, isn't market opportunity directly related to population? As in if you have 170million individuals, isn't that a larger opportunity than 15million? I'm sure there's some truth to easy oil money being shared, but I doubt the lady who spend 12 hours selling foodstuffs or working in a pharmacy will agree that she's getting access to easy oil money. Yet she wants toothpaste (as an example). How do you explain the money that 50 million households use to buy toothpaste?

nextstep:


Wait, isn't market opportunity directly related to population? As in if you have 170million individuals, isn't that a larger opportunity than 15million? I'm sure there's some truth to easy oil money being shared, but I doubt the lady who spend 12 hours selling foodstuffs or working in a pharmacy will agree that she's getting access to easy oil money. Yet she wants toothpaste (as an example). How do you explain the money that 50 million households use to buy toothpaste?

You have a point but that point is limited in the sense that Govt is the largest employer of labour. Market size can be rated by both population and buying power. Buying power is proportional to per capita earning. UK for instance has a smaller population but is a bigger market.

Statsocial:
Between October 2016 and September 2017, the federation account received a total inflow of N908.9bn in Value Added Tax receipts from the Federal Inland Revenue Service, figures obtained from the National Bureau of Statistics have revealed.

An analysis of the VAT report obtained from the NBS showed that the amount was collected from 28 sectoral activities during the period under review.

A breakdown of the amount showed that the sum of N207.35bn was generated in the fourth quarter of 2016, while the first, second and third quarters of 2017 had N204.77bn, N246.3bn and N250.56bn, respectively.

In the report signed by the Statistician General of the Federation and Chief Executive, NBS, Dr. Yemi Kale, the bureau said the manufacturing sector with N115.76bn generated the highest amount of VAT revenue.

The NBS report said the manufacturing sector is closely followed by professional services and oil producing sectors with both generating N83.76bn and N47.6bn respectively.

On the other hand, the report said the mining sector generated the least VAT of N136.38m in the one year period.

Other sectors that generated the lowest VAT revenue are the local governments with N798.08m and pharmaceutical, soaps and toiletries with N1.55bn.



The report read in part, “Sectoral distribution of VAT data for Q3 2017 reflected that the sum of N250.56bn was generated as VAT in Q3 2017 as against N246.30bn generated in Q2 2017 and N196.70bn in Q3 2016.”

The framework under which VAT is administered allows the Federal Government to get 15 per cent of VAT revenue, while the states and local governments receive 50 per cent and 35 per cent, respectively.

The Minister of Finance,Mrs. Kemi Adeosun, had said that 55 per cent of the revenue generated by the Federal Government from VAT receipts was collected from Lagos State.

Adeosun, had during a meeting with progressive governors forum explained that the balance of 45 per cent are generated from the remaining 35 states of the Federation and the Federal Capital Territory.

Giving a breakdown of the receipts from VAT, she said while Lagos accountedfor 55 per cent of VAT revenue, 20 per cent came from the FCT.

http://punchng.com/fg-makes-n909bn-from-vat-in-one-year/

As nigeria rakes in more n more Billions, prices of every commodity in Nigeria increase n hunger multiplies.

bloodmoneyspita:
how much did the north contribute?

Nothing than killing innocent tax payers.

They are parasites and useless

Desyner:
Nigeria is a nation with huge potential but it is rapidly being neutralized by population even before the potential comes close to being realized.

it is neutralized by laziness not population

Statsocial:

Lol you are right.
Me actually thinks that a less socialist drift would give Nigerians reasons not to give birth to many kids. If we continue at this rate funding higher education, healthcare would become a very very serious problem in the future.
I imagine what Lagos would have been if it had, say just 5 million people.

a slum of 5 million
then it wouldn't make as much money from VAT

Statsocial:

Sometimes I wonder how far this nation would have gone if it was just SS/SE/SW-though they have their differences but they would have fared far better together than this current arrangement. When we pull our natural, human resources and intellectual worth together we would have been on cruise right now. South Africa might even ve a learner.

I just see Northern Nigeria as a burden or yoke on the South. We would always have to drag the North along. And you know how hard it would be dragging something bigger than you forward. You would move at snail speed! If the North was smaller it would have been easier but they are to big to be redundant without pulling everyone down in all spheres.

And since we can't have a secession it is important that we create very "Independent States" where Abuja is thoroughly deemphasized and the states have their resources to each develop at its own pace.

how is the North a burden to you exactly