South West is like a man who has N10b in his account and owe N50b debt but still claim he is richer than a man that has N5b but owe N1b. Despite the huge IGR of Lagos, Ogun States etc, South West still owe 70% of Nigeria debts while other regions share a mere 30% of the remaining debts. They owe more than what they generate. From the debt, Lagos and South West becomes the poorest region in Nigeria and to extention a parasitic region that cannot survive on its own without FG allocations that comes from oil money. No wonder they say 'most noise comes from empty vessels'.

Face your potor potor republic and leave North and South West alone.

perez100:
South West is like a man who has N10b in his account and owe N50b debt but still claim he is richer than a man that has N5b but owe N1b. Despite the huge IGR of Lagos, Ogun States etc, South West still owe 70% of Nigeria debts while other regions share a mere 30% of the remaining debts. They owe more than what they generate. From the debt, Lagos and South West becomes the poorest region in Nigeria and to extention a parasitic region that cannot survive on its own without FG allocations that comes from oil money. No wonder they say 'most noise comes from empty vessels'.

South West is the 'poorest' yet you keep rushing to the region from your poto-poto, backward and landlocked region. The way you guys reason never ceases to amaze me.

we fought before to face our potopoto region but large number of parasites ganged up against us because they cannot survive without feeding on others.

The USA owes more than their GDP and so Nigeria is richer than them.

I didn't make this up

Afonja's over to you. Come and defend your debt republic

All state Governors in the South West end their tenures with huge debts. Their much noise making IGR is just a fluke and worthless.

Why not go back to ur rich states up north Paupers!

You cannot see Afonjas here but you always see them shout shamelessly 'Lagos State IGR is the highest'. Pls, next time, remind them that Lagos State pile of debts have made nonsense of its IGR.

bjayx:
Why not go back to ur rich states up north Paupers!

He is not from the North, do not be deceived. He is from the erosion ravaged land of Biafra, very easy to spot them due to their low self esteem and been insecured.

They have run away but they created and flooded the thread with data released recently where Lagos and Ogun States ranked 1st and 3rd in IGR but they ignored another data by the side of the news that showed Lagos State and South West huge debts. They mocked South East for low IGR because of their high tax rates and multiple taxations their greedy Governors impose on companies, shop owners etc. After all Bayelsa, Akwa Ibom, Abia States etc with lower IGR than Lagos still contribute to national account than Lagos.

Low self esteem? Hipocrites! Who were the people that created and flooded the thread that North generate higher IGR than South East? So, I continued from that same Data released side by side which you chose to romance on the one that made your people happy and ignored the debt side of it. Even in that report, only Kano and one or two other states tried.

USA cannot owe more than her GDP and still has High Per Capital Income.

Most of you from the barren, unproductive potopoto region are just illiterates.

How do you measure the wealth of a state? Is it only by debts? What about the state's assets?

Some of you idiots think it's even easy to apply for loans,you think Financial institutions just dish out loans without asking for repayment plans?

The truth is not every state in Nigeria can actually apply for loans most especially the South Eastern states, because they are non-viable states , have low IGR.

Before a financial institution can grant a loan request, the financial statements of the state will be requested ,Audit reports etc . And that's why Igr figures are very important but it's a pity our illiterate potopoto brothers usually disregard usefulness of Igr.

How can you service your loans when you generate nothing?

And again, who told our potopoto pigs that incurring debts means you are poor? America has huge debts does it mean America is a poor country?

Ogun ,Lagos and Osun have huge budget which requires sourcing for funds, or you think ogun, Lagos and osun are like your short-sighted states that included distribution of Jerry cans, keke napep Ambulance in its budget?

Ogun has about 15 flyovers in the state alone while the best state in the south east (Anambra) don't have up to four .

We use money to find money . If you don't have infrastructures in place in the state what's then the essence of governance?

They are trying harder to defend this with silly reasons. Most third world countries live on debt because they are poor and not because they are viable. They cannot survive without loan. Rwanda, Chad, Niger, Shithole, Somalia etc. So, these countries owing everywhere are viable?

perez100:
They are trying harder to defend this with silly reasons. Most third world countries live on debt because they are poor and not because they are viable. They cannot survive without loan. Rwanda, Chad, Niger, Shithole, Somalia etc. So, these countries owing everywhere are viable?

Ok, we have heard. SW and North are poor. Since it offends you so much, take a stick and break the heads of all those who live there, or kindly commit suicide on their behalf. Chikena!

lol see painment

Looking at this from the way op presented it, it makes a lot of sense.

But before we get too carried away, South west is definitely richer than north. No doubt.

But because of their debt profile, the North is more sustainable (financially) then the south west.

Op the title of your thread is wrong. This has nothing to do with poverty. This is all about financial sustainability.

If that's the case then you are right that overall, south west is the least financially sustainable region because of their debt profile.

Trolls plagued by burning inferiority complexes manage to plumb new depths of stupidity every day! What sort of rank financial illiterate equates debt size with poverty? By that measure Japan must be poorer than every sh*thole Nigerian state, seeing as Japan’s debt is more than 250% of its GDP.

I see so many of these pathetic threads full of ignorance and willful denial of reality that I’ve gone from feeling contempt for those who open them to merely feeling pity at the misery that must drive them to such lengths. By all means, continue telling yourselves the self-consoling lies that help you get through your dreary days: you “own” and “developed” Lagos, you have access to the sea, you have a bigger landmass than the SW, you had the first university in Nigeria, you have always been in political opposition to the north - go on and on with your comforting fabulations. Meanwhile, an uncooperative reality will continue to await you once you awake from your daydreams of unlimited power and success ...

one bigoted afonja mod, is already ranting. foolish old man...

pathetic creatures

Why won't they be in debt, when they harbour and want to cater for flat headed refugees in the region.

[s]

perez100:
South West is like a man who has N10b in his account and owe N50b debt but still claim he is richer than a man that has N5b but owe N1b. Despite the huge IGR of Lagos, Ogun States etc, South West still owe 70% of Nigeria debts while other regions share a mere 30% of the remaining debts. They owe more than what they generate. From the debt, Lagos and South West becomes the poorest region in Nigeria and to extention a parasitic region that cannot survive on its own without FG allocations that comes from oil money. No wonder they say 'most noise comes from empty vessels'.

[/s]Inferiority complex is a great disease.

omohayek:
Trolls plagued by burning inferiority complexes manage to plumb new depths of stupidity every day! What sort of rank financial illiterate equates debt size with poverty? By that measure Japan must be poorer than every sh*thole Nigerian state, seeing as Japan’s debt is more than 250% of its GDP.

I see so many of these pathetic threads full of ignorance and willful denial of reality that I’ve gone from feeling contempt for those who open them to merely feeling pity at the misery that must drive them to such lengths. By all means, continue telling yourselves the self-consoling lies that help you get through your dreary days: you “own” and “developed” Lagos, you have access to the sea, you have a bigger landmass than the SW, you had the first university in Nigeria, you have always been in political opposition to the north - go on and on with your comforting fabulations. Meanwhile, an uncooperative reality will continue to await you once you awake from your daydreams of unlimited power and success ...

There is a saying that when you point at someone, 3 fingers are pointing back to you.

No doubt the op is a troll but Yorubas are one group that refuses to accept reality and responsibility for their actions.

You are the ones that always scream one Nigeria all the time even more than the Northerners yet you guys refuse to accept the consequences of one Nigeria.

You cannot eat your cake and have it.

ODVanguard:
These Igbos and foolishness are like 5 & 6. Their jealousy for the Yorubas/SW no be here, yet they refuse to leave our region and but instead still emigrate there in droves for economic sustenance. Na devil go punish all of una fvcking ingrates.

There is no recognized region in the Nigerian constitution which also guarantees every NIGERIAN the right to live and work anywhere they choose to...

This is what one Nigeria is.

Until you guys get oduduwa republic, there is absolutely nothing that you can do about it except complain everyday on the internet.

ODVanguard:
These Igbos and foolishness are like 5 & 6. Their jealousy for the Yorubas/SW no be here, yet they refuse to leave our region and but instead still emigrate there in droves for economic sustenance. Na devil go punish all of una fvcking ingrates.

No be the same jealousy way make Awolowo plan the extermination of the next generation of Igbos...so that Yorubas can take over their palaces in the civil service...Like taken the VC of UNILAG, UI and rector of Yaba tech?

The envy of the afonjas no start today.

Cooly100:


No be the same jealousy way make Awolowo plan the exterminate the next generation of Igbos...so that Yorubas can take over their palaces in the civil service...Like taken the VC of UNILAG, UI and rector of Yaba tech?

The envy of the afonjas no start today.

They had the perfect opportunity to let us go but greed be envy couldn't allow them. Now they come everyday online to complain.

Then the same people will return again to sing and dance python dance.

Hypocrites....

horsepower101:


There is no recognized region in the Nigerian constitution which also guarantees every NIGERIAN the right to live be work anywhere they choose to...

This is what one Nigeria is.

Until you guys get oduduwa republic, there is absolutely nothing that you can do about it except complain everyday on the internet.

Stfu you fvcking hypocrite. Oh, so when you hype your shythole region while deriding others you forget that 'there are no recognized region' abi? Your Akpu logic stinks like that Akpu y'all be slurping over in that erosion ravaged enclave of yours. You dey crase.

Cooly100:


No be the same jealousy way make Awolowo plan the exterminate the next generation of Igbos...so that Yorubas can take over their palaces in the civil service...Like taken the VC of UNILAG, UI and rector of Yaba tech?

The envy of the afonjas no start today.

Envy? Jealousy? Of what exactly please? What is there to envy about Igbos or Igbo land? What do you folks have that we don't have more of in abundance to warrant us being 'jealous' of you low lifes? You must be high dude. Y'all wanderers are the ones behaving like refugees and fleeing your shythole to the safety of Yoruba land, and not the other way round. Nigga you must be crazy, sitting there talking about others being envious of you. What is there to be jealous about? Delusional prick.