Beaf:

The bit in red makes your post utterly funny. Please quote reputable sources, not sample essays.

What do you mean by essay ?

You asked for a source and here I provided one that showed everyone that palm oil was worthless product,you are a big hypocrite.

~Bluetooth:

What do you mean by essay ?

You asked for a source and here I provided one that showed everyone that palm oil was worthless product,you are a big hypocrite.

Dude, I hope you're enjoying your Saturday!
I am sure you really meant to provide a genuine source, but ended up referencing a shambolic sample student essay. Abeg pass me the sepe jare!

Beaf:

Dude, I hope you're enjoying your Saturday!
I am sure you really meant to provide a genuine source, but ended up referencing a shambolic sample student essay. Abeg pass me the sepe jare!

The economy of Nigeria

Table of contents
1. Introduction
2. Economy:
• • Economic history; •
• The national income; •
• Agriculture; •
• Industry; •
• The internal trade or home market; •
• Foreign market;
3. Conclusion


Introduction
To begin my work with I should mention some non-economic common facts about the Federative Republic of Nigeria. The population of the country is the highest in Africa, nearly 1/8 of the continent. Firstly Nigeria consisted of the capitol Lagos and four administrative regions (Northern, Western, Eastern and Midwestern). But because of the political processes in 1980-s between the main peoples of the north and the south, the country divided into a lot of parts and now consists of 36 states and a new federative capitol territory – Abudga.
Speaking about the country’s economic development it should be said that Nigeria is a typical representative of the ‘third world’ though its natural resources could make the country really rich. Nonetheless, the main part of the Nigerian population still suffer from poverty that seems to be particularly striking in the context of the contemporary economic situation when oil prices grow rapidly and are unprecedentedly high, while oil is one of the key products of Nigeria.
Economy
In 1960 Nigeria became independent from The United Kingdom. But it still has a modern commodity sector which coexists with an ordinary traditional agriculture. In a modern commodity sector that appeared in the colonial period, the state and state controlled enterprises remain the main employers. A large majority of professionally prepared workers can’t find job and periodical discharges of state workers all in all staff worsen the situation at the labor market. The whole labor force of Nigeria is 57.21 million, while the unemployment rate is 2.9%.
Nearly 70% of the Nigerians are busy in agriculture, but it does not provide the needs of the country in provision. An attempt to solve the problem via enlarging the purchases abroad lead to a sharp increase of expenses on import. The absence of foreign currency and proper satisfactory financing followed the situation when all the enterprises did not work with a complete capacity. Larceny and financial swindles of the state officials promoted the deterioration of economic situation.
•Economic history
The modern economy of Nigeria started with palm oil trade that forced out slave trade at the beginning of the 19-th century and initiated the export of Nigerian raw materials in exchange for the import of British industrial goods. After the year 1853 the export of cacao and peanuts brought a greater income than the export of palm oil. In the 20-th century pat, tin, wood and skins became the most important items of Nigerian export. In 1901 the oil was found in Nigeria, but the export of crude oil began only in 1958 and in 10 years it became the main source of currency income in Nigeria. By the year 1972 the country could not supply the population with pat, palm oil and peanuts. So the government was subjected to allow the import of these goods. Soon crude oil brought a great profit to the country and since 1975 the conversion of oil became the most important branch of industry. So during the years 1970-1978 the rise of Nigerian economy formed 6% per year. After the year 1978 the economy was characterized as unstable and shaky one and the national income decreased. Nowadays 65% of oil is a light brand with a low content of sulphur. The main export brands are Bonny Light ? Forcados. The Nigerian National Petroleum Company (NNPC), ExxonMobil, ChevronTexaco, ConocoPhillips, Eni, Total and transnational corporation Shell control 52% of oil mining in Nigeria. Today the oil consumption in Nigeria is 310,000 bbl/day, while the oil production is 2.451 million bbl/day.
•The national income
In 2005 the gross domestic product (GDP) of Nigeria was 132,1 billion of dollars. The GDP per capita: purchasing power parity was 1000 $. The real growth rate of GDP was 5,2%.
•Agriculture
The majority of Nigerians still work in agriculture, supplying themselves with food and growing several cultures for sale. But it is hard to note that 60 per cents of population are below poverty line. A rapid growth of the city population and the increase in rural population has led to the lack of provision not only in the cities, but on the rural territories.
The main food cultures of the South and Midwest are yam, rice and corn. Sorghum, millet and rice are grown in the North. Cattle-breeding is well developed in this part of the country. Manioc, tomatoes and bob are grown all over the country. Gardening is developed respectively near the big cities. Favorable climate of Lagos affords to pick up harvest twice a year.
• Industry
All the minerals provide the greatest part of national income in Nigeria. The first export minerals were ore and coal. After the year 1960 coal-mining decreased because cheaper and ecologically clean oil-products appeared in the country. The oilfield was found near the river Niger. The record level of oil-mining was reached in 1979. It was 114 millions of tons. Tending to increase currency income, Nigeria enlarged the amount of oil-mining, while the world prices remained at a low level. But in 1991 Nigeria holds the 8-th place among the biggest world oil-producers and its profit was 96% from export coming.
However, such a situation is typical for a developing country when the country is basically specialized on export of natural resources. In this respect, it is possible to define Nigeria as a mono-industrial country since its economy is based on oil export.
Naturally, such a situation is extremely dangerous for Nigeria because it makes the country totally dependent on the situation on the international market of oil and, in loner terms perspective, the country will eventually exhaust its natural resources and, undoubtedly there will be time when the country has to modernize and diversify its economy.
Moreover, it is necessary to underline that event the current dominance of oil production in Nigerian export does not really contribute to stability and improvement of socio-economic situation in the country. It should be said that along with the dependence of the country on the situation in the international market, oil makes the country extremely unstable on the national level. The main reason is that the profits from oil export do not improve the position of the vast majority of the Nigerian population. In stark contrast, oil export is rather a source of enrichment to an extremely limited group of those Nigerians who have access to political and economic control of the oil production and export. As a result, Nigerians face a paradoxical situation when the country, being one of the largest oil exporters in the world, suffers from unparalleled poverty.
Unfortunately, the explanation of such a paradoxical situation is simple. The main problem of Nigeria is the lack of democracy and public control over the use of national resources. It means that people of Nigeria cannot influence the situation in the national economy because they are deprived of a possibility to really define the political future of the country. On the other hand, those who control oil industry control Nigeria and any changes of the current situation within the country may be disastrous for national economy.
As a result, many Nigerians have suffer from poverty and famine while a little part of the local population earns enormous profits from oil export. In such a situation it seems to be quite natural that often oil is simply stolen. The situation is deteriorated dramatically by the extremely high level of corruption of Nigerian government that also benefits from oil export.
However, there are also the traditional crafts are developed in Nigeria, especially weaving, pottery and carving though they do not play the defining role in the national economy. The production of Nigerian handicraftsmen (different figures, braided things, sewed clothes) is of increasing demand among the tourists and local rich people.
•The internal trade or home market
The home market of Nigeria is connected basically with foodstuff, handicrafts, industrial goods foreign and Native (home-made) production. The delivery of goods is carried out by railroads, automobile roads and water transport.
The biggest center of wholesale and retail trade is a modern market in Onich that was destroyed during the war and restored afterwards. The other important centers are Aba, Cano and Ibadan. The biggest cities have universal shops and large markets.
• Foreign market
Oil has the dominant position in the export structure. As a result when the world oil prices fall, the currency income decrease, the country cannot afford to pay for the import of necessary goods. At the same time, it should be pointed out that the situation in the in the contemporary international economic relations Nigeria can benefit from high prices on oil since its income from export of oil increased significantly.
Provisions, different goods, industrial raw materials, machines and equipment, transport facilities dominate in the structure of import. Great Britain remains the main commercial partner of Nigeria, but does not but oil, the main consumer of which is the United States. The next import partners are China 9.4%, UK 7.8%, Netherlands 5.9%, France 5.4%, Germany 4.8%, Italy 4%.
• Finance
The emission of the Nigerian currency, naira, is realized by The Central bank of Nigeria. In 1992 120 banks functioned in the country and 20 of them were controlled by the state.
The federal government pays for all expenses of the Nigerian states. In 1992 the budgets of completely all the states consisted of the receipt from the federal budget. The state income was divided I such a way: 55% were directed to the federal budget, 30%- to the state budgets and 15%- to the local budgets.
The main sources of receipt into the federal budget was the income from the export of industrial materials, raw materials, foodstuff and at last the direct taxes including foreign import and export duties and excise dues.
So the main items of federal expenses are the service of external debt and maintenance of federal management system. When the oil boom had finished, the external debt increased (from 5 milliards of dollars in 1981 to 40 milliards of dollars in 1998). As a result the payment of these per cents according to this huge debt and budget deficit affects negatively the development of the country and prevents the normal rate of modernization of the country.
Conclusion
To sum everything said before I should repeat a little, that Nigeria, being a federative republic with the highest population in Africa has a very good perspective for the future. As it is nearly a newly-born independent country the ways of its development are uncountable. Under the proper conditions and circumstances Nigeria will be able to become a constant member of the trade market. The development of oil-mining and other industries will double the gross domestic product, all in all will enlarge the state income. And that is why there will be no unemployment and the majority of population won’t be dependent on agriculture and oil export as one of the leading industries.

Bibliography

1. Economy of Nigeria. http://en.wikipedia.org/wiki/Economy_of_Nigeria

2. Nigeria – Economy. www.iss.co.za/af/profiles/Nigeria/Economy.html

3. The Economy of Nigeria. www.scholars.nus.edu.sg/post/nigeria/econ.html

4. Nigeria: Economy. www.infoplease.com/ce6/world/A0860003.html

5. Nigeria – Economy. www.classbrain.com/art_cr/publish/nigeria_economy.shtml

these are the sources from which the write-up was culled,why do you have problem with accepting the truth ? like i said,you are a big hypocrite

~Bluetooth:

Bibliography

1. Economy of Nigeria. http://en.wikipedia.org/wiki/Economy_of_Nigeria

2. Nigeria – Economy. www.iss.co.za/af/profiles/Nigeria/Economy.html

3. The Economy of Nigeria. www.scholars.nus.edu.sg/post/nigeria/econ.html

4. Nigeria: Economy. www.infoplease.com/ce6/world/A0860003.html

5. Nigeria – Economy. www.classbrain.com/art_cr/publish/nigeria_economy.shtml

Dude, none of those sources (with the possible exception of Wikipedia) is even remotely reputable.
In fact, some of your links don't even work,  eg http://www.iss.co.za/af/profiles/Nigeria/Economy.html
This one reports that the domain is no longer in use, http://www.scholars.nus.edu.sg/post/nigeria/econ.html

Try harder.

Beaf:

Dude, none of those sources (with the possible exception of Wikipedia) is even remotely reputable.
In fact, some of your links don't even work,  eg http://www.iss.co.za/af/profiles/Nigeria/Economy.html
This one reports that the domain is no longer in use, http://www.scholars.nus.edu.sg/post/nigeria/econ.html

Try harder.

Five incorrect sources that says the same thing but doesn't make any meaning to you ? are you ok ?

~Bluetooth:

[size=14pt]Five incorrect sources[/size] that same the same thing but doesn't make any meaning to you ? are you ok ?

You got that right. "Five incorrect sources."
Get something reputable and we can talk.

Beaf:

You got that right. "Five incorrect sources."
Get something reputable and we can talk.

so you are blind to see the question mark at the end of the sentence,na wa o.anyways that is not the point here.the point is that palm oil

was a worthless commodity and nigeria has survived basically from proceeds from COCOA and GROUNDNUT before crude oil was discovered.

http://en.wikipedia.org/wiki/Economy_of_Nigeria

Nigeria is no longer a major exporter of cocoa, groundnuts (peanuts), rubber, and palm oil

In order of importance,

*COCOA

*GROUNDNUT (PEANUT)

*RUBBER

*palm oil

~Bluetooth:

so you are blind to see the question mark at the end of the sentence,na wa o.anyways that is not the point here.the point is that palm oil

was a worthless commodity and nigeria has survived basically from proceeds from COCOA and GROUNDNUT before crude oil was discovered.

I think your emotional outbursts are due to the quarrel we had the other time. Forget it. ---hugs Bluetooth---
But your links and arguments are still wrong and not from reputable sources.

Beaf:

I think your emotional outbursts are due to the quarrel we had the other time. Forget it. ---hugs Bluetooth---
But your links and arguments are still wrong and not from reputable sources.

Not really,I DON'T CARRY OVER ISSUES.I address them as they occur ,so let's stick with this for now.

Nigeria's climate permits the cultivation of a variety of crops in a pattern that emerged in earlier centuries in response to local conditions. As in other West Africa states, rainfall is heaviest in the south, where the forests and savannas benefit from abundant precipitation and relatively short dry seasons. The staples are root crops, including cassava, yams, taro (cocoyams), and sweet potatoes. Tree crops--cacao, oil palm, and rubber--constitute the area's main commercial produce. Cacao, from which cocoa is made, grows mostly in the southwest. Oil palms (whose kernels can be made into palm wine) predominate in the southeast and are numerous in the south-central area. Rubber stands are common in south-central and southeastern Nigeria.

Smallholder farmers, who use simple production techniques and bush-fallow cultivation and cultivate areas of one-half to two hectares each, contribute two-thirds of farm production. In most areas, some noncash crops are grown, such as sorghum, yams, cassava, cowpeas, millet, corn, cocyams, sweet potatoes, and rice.

The northern third of Nigeria, which experiences a dry season of five to seven months, during which less than twenty-five millimeters of rain falls, lies mostly in the Sudan savanna and the arid Sahel zone. There, the staples are millet, cowpeas, and a drought-resistant variety of sorghum known as guinea corn. Corn is also cultivated, as well as rice in suitable lowland areas. The north's principal commercial crops are cotton and groundnuts.

Between the arid north and the moist south lies a Guinea savanna region sometimes referred to as the middle belt. This area produces staples such as yams, sorghum, millet, cassava, cowpeas, and corn, with rice an important crop in some places. The middle belt's southern edge represents the lower limits of the northern grain-dominated economy. The most significant commercial crop of the middle belt is sesame (or benniseed).

Most Nigerians eat grains, but the production and consumption of sorghum (guinea corn) and millet are heavily concentrated in the savanna north. In 1980 the two grains accounted for 80 percent of Nigeria's total grain production. Corn production in the savanna middle belt benefits from heavier rainfall, which frequently permits two crops a year. The demand for rice, much of it imported, increased dramatically during the affluent 1970s, but had to be cut back during the foreign exchange shortages of the 1980s.

Cocoa and groundnuts were Nigeria's two major exports until petroleum surpassed both in 1965. [/b]Cocoa, cotton, groundnuts, oil palm products, and rubber were the principal export crops in the 1960s and early 1970s, but with export reorientation, [b] only cocoa remained of any importance after 1975. Although Nigeria was the world's largest exporter of groundnuts in the early 1970s,[/b]groundnuts fell from the export list by the end of the 1970s as a result of the severe Sahel drought of 1972-74 and a viral disease in 1975. With assistance from the World Bank, the government restored cocoa production in the late 1970s and 1980s through replanting programs and producer price supports.[b] The resulting increase in cocoa output (to 200,000 tons in 1988) kept Nigeria in third place among world cocoa producers, after Ivory Coast and Ghana.

Although the devaluation of the naira and the abolition of agricultural marketing boards in FY 1986 were intended to increase cash-crop output, the results were disappointing. The failure to significantly increase output was caused partly by the lack of incentives for producers to invest in maintenance.

In the late 1980s, Nigeria reduced the structural bias against agricultural activity by decontrolling farm prices, maintaining subsidies on fertilizer and farm exports, and maintaining import bans on some food items. Despite the granting of increased incentives to the domestic farming industry, agricultural output rose slowly because of inadequate transportation and power networks, a lack of appropriate technology, and the ineffective application of rural credit. Although the domestic production of food did not decline, on a per capita basis food became less available during this period.

More about the Economy of Nigeria.


http://countrystudies.us/nigeria/58.htm

[b] Prior to Nigeria’s nominal independence from Britain on October 1ST 1960 and for some years thereafter, Nigeria’s economy was quite diversified enough

that reliance on petroleum(oil) as the main source of revenue and foreign exchange was unthinkable. There were the groundnut pyramids in the North, and the

black gold of the South was cocoa. Cocoa was a very reliable cash crop in the South and much of the development that took place in the

defunct Western Nigeria was based upon the revenues from this cash crop Many of the country’s future leaders were sent

to grammar school and beyond with the revenue that was realized by their parents from cocoa , cotton , groundnuts , kola nuts etc.

The Old Western Nigeria government under the leadership of late Chief Obafemi Awolowo realized the importance of the peasant cocoa

farmers and he built the Western Nigeria Marketing Board and his astute economic planning gave birth to the O’dua Investment Corporation . Real estate

investments such as the Western House in Lagos , Liberty Stadium and the University of Ife(now Obafemi Awolowo University) were all built with cocoa money.

not oil money! [/b]Of course the latter military/civilian politicians had since “privatized” all these investments and for privatization,

substitute”pocketization”.!

http://www.dawodu.com/ewegbemi1.htm

[b] As part of concerted efforts to place cocoa on the same pedestal with oil the Federal Government has evolved a number of

programmes, one of which is the  the Federal Government has evolved a number of programmes, one of which is the National Cocoa Rebirth Day.Tessy Umunakwe

was at the press briefing by the Osun State deputy governor, prelude to this year’s Cocoa Rebirth Day. Her report.

TO say that oil has brought immense wealth to Nigeria in the last 50 years is to say the obvious, and to affirm that this same oil has brought the nation to

global reckoning is no mere gainsaying.But while the Nigerian economy in the last five decades has been solely dependent on oil, the nation’s economic growth

history during this period, shows that the economy had never been strong and it is so fragile that it cannot withstand major negative impulses.

On the other hand, geologists, geophysicists and other experts in the field of oil exploration and production have affirmed that Nigeria’s oil is a depleting

resource, and given it a short time frame.

This and other issues have prompted many patriotic Nigerians to persistently clamour for a diversification of the economy.  And the produce

that had been canvassed as a viable alternative is cocoa. This recommendation is underscored by the fact that cocoa had once been

the nation’s major source of revenue and, presently, it is playing much the same role, coming next after oil.

It was, therefore, not unexpected when in 1999, former President Olusegun Obasanjo, upon his resumption as the nation’s helmsman, made

the Cocoa Rebirth Bill the first to be sent to the National Assembly. Its promulgation into law led to the setting up of the National Cocoa Development

Committee whose  preoccupation is the development of the produce through the provision of an enabling environment for its production, processing, packaging

and export.[/b]

http://www.tribune.com.ng/index.php/features/8456-giving-cocoa-mans-miracle-food-new-birth

This prof., i mean has he ever read history book of nigeria? As at 1970 how many regions had nigeria, where did the south-south fall into. Is government using his groundnut etc to pay his salary? Okay prof. help us reach the federal government to promulgate and enforce a law on RESOURCE CONTROL to cool your wondering mind of south-south then and now. No vex oooo

Here's a quote from a fairly comprehensive article (and a rather authoritative source - world bank).

Nigeria was incorporated in 1914 when Frederick Lugard who became its first Governor-General amalgamated the two British protectorates of Northern and Southern Nigeria and the Crown Colony of Lagos into a single entity. The primary reason for amalgamation was economic rather than political. The Northern Protectorate which became the Northern Province had annual budget deficits, while the Southern Protectorate which became the Southern Province had surpluses.  To eliminate the subventions from the British treasury, the budgets of the two components were integrated. In addition, some central institutions were established to anchor the evolving unified structure.  The Governor-General organized a Central Secretariat at Lagos, which was the seat of government, and established the Nigerian Council (later the Legislative Council) to provide a forum for representatives drawn from the provinces.  Certain services were integrated across the Northern and Southern Provinces because of their national significance—military, treasury, audit, posts and telegraphs, railways, survey, medical services, judicial and legal departments—and brought under the control of the Central Secretariat in Lagos.

Here's the link to the whole article http://info.worldbank.org/etools/docs/library/5783/State_and_Governance_Nigeria.htm

papas:

Here's a quote from a fairly comprehensive article (and a rather authoritative source - world bank).

Here's the link to the whole article http://info.worldbank.org/etools/docs/library/5783/State_and_Governance_Nigeria.htm

papas,

You quote does not do justice to the issue being discussed. The quoted article is titled "STATE AND LOCAL GOVERNANCE IN NIGERIA". You need to examine and read more about economic activities in the periods in question to begin to grasp the points being made.

What you have done is tantamount to quoting one verse in the Bible or Qur'an and then justifying male chauvinism with the said verse.

ndu_chucks:

papas,

You quote does not do justice to the issue being discussed. The quoted article is titled "STATE AND LOCAL GOVERNANCE IN NIGERIA". You need to examine and read more about economic activities in the periods in question to begin to grasp the points being made.

What you have done is tantamount to quoting one verse in the Bible or Qur'an and then justifying male chauvinism with the said verse.

His quote was apt, afterall we are only talking about a period of about 15 or so years that groundnut was of any importance; even then, the North was always broke as papas pointed out.

Beaf:

His quote was apt, afterall we are only talking about a period of about 15 or so years that groundnut was of any importance; even then, the North was always broke as papas pointed out.

You don't get to choose which period to base the discussion on, while the thread's title clearly mentions 1914, 1945, 1960. As I stated earlier, in the 1960s, the Nigerian economy was driven largely by the non-oil sector, especially agriculture. The heart of the economy was located in the North. Note also that Nigeria was the largest exporter of Cocoa during that period.

You people in the so-called South South contributed insignificantly to the economy (zilch is probably the best description for your contributions) - you have been parasites all along, yet you are the first to quickly call others parasites (how ungrateful) because probably 28% of oil deposits in Nigeria are found in your region - let me add here that the oil is actually located in government owned land.

Suddenly you want a clueless man and underachiever in the person of GEJ to become president! You people and your oil have been a curse to Nigerians. I'll be back later to give you details. Mgbo piafuka gi isi, all of you pirates and terrorists.

@~Bluetooth , please continue to educate these coneheads including our in-house jomo gbomo. Beaf does not know hopw to lose any arguement gracefully. He will resort to name calling and even use some of Becomerich's mapping tools to attempt to make himself look good. He fails to realize that no matter how many make-up artists Jonathan has, he'll still be as handsome as OBJ.

^
I used to think you were smart. But unfortunately, it seems like a typical tribalist Fulani, you are jealous and enraged that your people aren't in power. Is that not the reason for opening a useless thread and talking about GEJ's looks (as if that will improve the education of Northern kids that your people have mismanaged ).

Papas posted a World Bank document that says the North was always in deficit and needed to be baled out by the South, so whats your point?
If enough of you are set free to be educated by your elite, you wouldn't make such barely literate arguments here. Added to that, jealousy always results in irrationality, so double whammy!

@ ndu_chucks, so should we go back and adopt that system of 1914, 45, 60, Or should we adopt a resource control approach? About gratefulness, If u have ever been to the south-south is that how the north is, or calabar that is the former FCT can u identify it as it was an FCT? Where or what (industry etc) in the south-south was groundnut money used to develop. Crude oil has been pipe lined to kaduna from south-south by the federal govt., which agro-based industry was built in the south-south as at then by the federal govt to process agric products to finished goods?

Beaf:

^
I used to think you were smart. But unfortunately, it seems like a typical tribalist Fulani, you are jealous and enraged that your people aren't in power. Is that not the reason for opening a useless thread and talking about GEJ's looks (as if that will improve the education of Northern kids that your people have mismanaged ).

Papas posted a World Bank document that says the North was always in deficit and needed to be baled out by the South, so whats your point?
If enough of you are set free to be educated by your elite, you wouldn't make such barely literate arguments here. Added to that, jealousy always results in irrationality, so double whammy!

As expected, you missed the point completely. Your assumption that I was making fun of GEJ's look shows that you are a dummy who is incapable of processing complex statements expressed in simple English.

The similarity between GEJ and OBJ' lies in the fact that OBJ did not do much to cure the country of the so-called Dutch disease and Jonathan has done nothing about it either. As a presidential candidate, GEJ has not offered any solution to the problem either. (I'm assuming here that you are well-read enough to know what the Dutch disease is)

Oil and gas discovery and the mismanagement of the huge export revenue inflows from these resources destroyed Nigeria’s agricultural mainstay and economic backbone. As a consequence, more than 70% of Nigerians hardly survive on less than US$2 a day.  

The revenues  from the export of Nigeria’s petroleum resources are consumed by less than 20% of the populace while more than 100 million Nigerians do not enjoy any appreciable benefit.

What is GEJ's proposed solution to these issues? Why do you keep supporting  this clueless man simply because he hails from an oil producing region? What are GEJ's plans to address the issues I've raised?

I will posts additional excerps from the interview referenced in the first post of this thread right after you address the questions I've asked. olodo.

Nsiman:

@ ndu_chucks, so should we go back and adopt that system of 1914, 45, 60, Or should we adopt a resource control approach? About gratefulness, If u have ever been to the south-south is that how the north is, or calabar that is the former FCT can u identify it as it was an FCT? Where or what (industry etc) in the south-south was groundnut money used to develop. Crude oil has been pipe lined to kaduna from south-south by the federal govt., which agro-based industry was built in the south-south as at then by the federal govt to process agric products to finished goods?

Resource control ko, female genetalia control ni. I feel sorry for you people who continue to believe that we must continue to base our economy on the sharing of oil revenue under the guise of some resource control balony. Wake up!  Only 20% of Nigerians are benefiting from the said oil resources, even if you people get 70%, the best of you, like Ibori and co, will pocket most of the money as they've always done, and you'll keepo worshiping them.

The focus should be on how to escape the debilitating Dutch disease and resource curse syndromes ravaging the country as whole. The question of how we move from the paradox stagnation and poverty traps in the midst of resource abundance to growth and prosperity wisely harnessing our God-given human and natural resources for the common good is what our presidential candidates should be answering.

Clueless GEJ has never offered any ideas on this important issue.

ndu_chucks:

As expected, you missed the point completely. Your assumption that I was making fun of GEJ's look shows that you are a dummy who is incapable of processing complex statements expressed in simple English.

The similarity between GEJ and OBJ' lies in the fact that OBJ did not do much to cure the country of the so-called Dutch disease and Jonathan has done nothing about it either. As a presidential candidate, GEJ has not offered any solution to the problem either. (I'm assuming here that you are well-read enough to know what the Dutch disease is)

Oil and gas discovery and the mismanagement of the huge export revenue inflows from these resources destroyed Nigeria’s agricultural mainstay and economic backbone. As a consequence, more than 70% of Nigerians hardly survive on less than US$2 a day.  

The revenues  from the export of Nigeria’s petroleum resources are consumed by less than 20% of the populace while more than 100 million Nigerians do not enjoy any appreciable benefit.

What is GEJ's proposed solution to these issues? Why do you keep supporting  this clueless man simply because he hails from an oil producing region? What are GEJ's plans to address the issues I've raised?

I will posts additional excerps from the interview referenced in the first post of this thread right after you address the questions I've asked. olodo.

Why are you jumping from issue to issue? First it was how the North fed Nigeria with groundnuts (in your wild imagination), then it was how GEJ looks as ugly as Obj, now it how Jonathan has not (in your wild imagination) taken any steps to cure the "Dutch disease!"

This is getting alarming! If there is alcohol in your kunu, you need to desist.
In the first instance, the crops you are talking about were grown mainly in the Middle Belt, Fulani areas don't grow anything, but millet and sorghum (maybe those will feed Nigeria too). So lets be clear about the areas we are referring to when talking about "North."
In the second instance, has it occured to you that the dearth of manufacturing and agriculture is 100% due to your people who abandoned the "golden groundnuts" for oil they have no business with?
If only the "golden groundnuts" had been put to good use educating the masses (instead of using them as religious fodder) we wouldn't be having this conversation today.

By the way, even kids have heard of Jonathans plans to diversify the economy. But what we really need is true federalism, that will surely stop parasites in their tracks.

Beaf:


By the way, even kids have heard of Jonathans plans to diversify the economy.

Kindly itemize the plans for those of us who are not aware of them. Please remember to mention the plans he has implemented to the said end, since he has been the President.

ndu_chucks:

Kindly itemize the plans for those of us who are not aware of them. Please remember to mention the plans he has implemented to the said end, since he has been the President.

Why don't you read up? Are you a foreigner?
You really seem to be all over the place. First, was groundnuts, then GEJ looks ugly like Obj, now stuff everybody knows!
Dude, you just seem to be clutching at straws here, looking in wild eyed desperation for anything, to hang Jonathan with. Bad bele! Its also known as sour grapes.

Abeg, keep to your weird "groundnuts fed Nigeria" topic.

Well there was no term known as the south-south.


You were either in the Eastern Region or the Western Region. Not this fictional term known as the "South-South." This is a time in which there was no animosity amongst majority groups and the minority groups.

We need to get rid of this term, the "South-South." It makes me sick.

Beaf:

Why don't you read up? Are you a foreigner?
You really seem to be all over the place. First, was groundnuts, then GEJ looks ugly like Obj, now stuff everybody knows!
Dude, you just seem to be clutching at straws here, looking in wild eyed desperation for anything, to hang Jonathan with. Bad bele! Its also known as sour grapes.

Abeg, keep to your weird "groundnuts fed Nigeria" topic.

I expected this kind of a response from you. Its your usual way of escaping, I'll let you off the hook this time arround.  

Eh, does your candidate or you, know what the Dutch disease is?  You don't have to answer the question or provide us with how your candidate has addressed the issue or plans to do so. Rakumin dajij.  

I shall continue with my excerps in due course.

MaziUche0:


We need to get rid of this term, the "South-South." It makes me sick.

Too late. You will have to live with that ''term'' now - for it has come to stay.

If the OP is insinuating that groundnut money was used to build up the South-South, please ask him which city or town in the then South-East region was built with groundnut money?

Yenogoa, Abonnema or where?

PH was built as a port to transport coal.

Enugu was built around coal industry.

Warri was built around steel.

Bonny, Abonnema, Okrika and Opobo were built off the Palm Oil trade.

Go and check all the Federal projects pre-1965 and tell me which was cited in South-South. Was it Uni of Ibadan, Uni of Nsukka or OAU Uni?

Which Federal road in South-South was built with Federal money?

Is it not the swamp they found us and left us, then claiming that they built us up in their groundnut days?

The North kept 50% of their groundnut money and paid 50% to the centre, most of that money used to develop Lagos the capital.

If they want 1960 arrangement, we would be very happy to do so. We give them 50% to develop themselves and keep 50% for ourselves.

Since 1960 is a fair parameter which they use to construct their argument, lets return to 1960 arrangement.


Now ask the parasite,

Whose money built Abuja, Kaduna, Kano etc?

Imagine punks transporting unprocessed crude all the way to Kaduna for refinement. In any known country, crude is processed at the port where it is delivered, then transported into the interior. . . . but parasites like to turn logic on its head.

ono:

Too late. You will have to live with that ''term'' now - for it has come to stay.

That is what you think. When Nigeria DOES break up, and it will, the term "South-South" will be no more. Western Nigeria and Eastern Nigeria will reclaim its lost territory.

All u northern parasites should carry ur groundnut and go to hell. Secede please