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Nairaland Forum / Nairaland / General / Politics / If Nigeria Is So Rich, Why Are Nigerians So Poor? (11276 Views)
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If Nigeria Is So Rich, Why Are Nigerians So Poor? by nduchucks: 12:59am On Apr 14, 2012 |
Below is the photograph of a man, Femi Awoyemi, selling books at a roadside stall as he waits for customers in the Lagos Island district March 26, 2012. Story on the next page.
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Re: If Nigeria Is So Rich, Why Are Nigerians So Poor? by Callotti: 1:01am On Apr 14, 2012 |
Nigeria is not a wealthy country. What is your criterion of labelling Nigeria a rich country? You only have wealthy rogues. 1 Like |
Re: If Nigeria Is So Rich, Why Are Nigerians So Poor? by nduchucks: 1:01am On Apr 14, 2012 |
Lets hope Buhari has great ideas and the vision to address this problem.
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Re: If Nigeria Is So Rich, Why Are Nigerians So Poor? by nduchucks: 1:06am On Apr 14, 2012 |
Callotti, Oh my, I just saw your profile pic. Hope you didn't fall down from tripping. Pele o. |
Re: If Nigeria Is So Rich, Why Are Nigerians So Poor? by Callotti: 1:13am On Apr 14, 2012 |
ndu_chucks: Callotti, Oh my, I just saw your profile pic. Hope you didn't fall down from tripping. Pele o. No dear. I was only exercizing my beautiful akpu/hair-free. . .feminine muscles. No quench o! |
Re: If Nigeria Is So Rich, Why Are Nigerians So Poor? by Beaf: 1:13am On Apr 14, 2012 |
How can Nigeria be "so rich" when the states and LG's generate zero revenue? It is Friday night sha, so the OP might be suffering from brain f[i]a[/i]g. |
Re: If Nigeria Is So Rich, Why Are Nigerians So Poor? by Onlytruth(m): 1:16am On Apr 14, 2012 |
Beaf: How can Nigeria be "so rich" when the states and LG's generate zero revenue? More like Friday night Kunu overdose. |
Re: If Nigeria Is So Rich, Why Are Nigerians So Poor? by nduchucks: 1:18am On Apr 14, 2012 |
Statistics appear to grossly under-estimate the immensity of poverty that define Nigeria’s paradox of ‘rich country with poor masses’. More than 90% of Nigerians are poor and exist largely at the mercy of fate. These realities are much more obvious in rural areas and slums. In these places people die because they cannot afford N500 to purchase needed medication or basic public healthcare. It is a very obvious reality in today’s Nigeria! As strange as it may sound, this is going on side-by-side with ostentatious living by the 1% Beaf & Onlylies, get lost, olodo 1 Like |
Re: If Nigeria Is So Rich, Why Are Nigerians So Poor? by nduchucks: 1:22am On Apr 14, 2012 |
We have a large cotton belt but import textiles from China (thus keeping their subsidized factories open and jobs in china). We are the world's number one producer of cassava but import cassava starch from Europe. We have a huge tomato belt in Kadawa, Jigawa and Chad Basin but are the world's largest importer of tomato paste - from China and Italy. We can produce rice but we import rice from Thailand and India-most of it from grain reserves that have been in stock for over 5 years. What are GEJ's plans to address these issues? Inquiring minds wanna know. |
Re: If Nigeria Is So Rich, Why Are Nigerians So Poor? by nduchucks: 1:25am On Apr 14, 2012 |
GEJ's friends who financed his presidential campaign are beneficiaries of the status quo. We can be rest assured that these issues will not be addressed promptly. Their focus is oil, oil,oil, subsidy, subsidy, subsidy!!! One sure thing is that, Buhari would not cater to these enemies of progress. GEJ on the other hand, though a very good human being is joined at the hips to these subsidized enemies of progress. SMH |
Re: If Nigeria Is So Rich, Why Are Nigerians So Poor? by nduchucks: 1:45am On Apr 14, 2012 |
2012 Budget contains N78.98 Billion for Agriculture. This is more than enough to support tomato farmers very aggressively. A Tomato czar should be appointed to transform that industry. Imagine if only 50% of the money we spend by being the world's largest importer of tomato paste, stays inside of Nigeria!! GEJ, this area alone could produce quick wins for your administration - its not too late sir. You are our President and we want you to succeed. 2 Likes |
Re: If Nigeria Is So Rich, Why Are Nigerians So Poor? by nduchucks: 1:46am On Apr 14, 2012 |
Insha Allah, our visionary leader shall emerge. |
Re: If Nigeria Is So Rich, Why Are Nigerians So Poor? by Beaf: 1:47am On Apr 14, 2012 |
My broda, you are slowly turning "Musiwaic" and having a conversation with yourself. Abeg, go and rest. You are tired and your battery is weak. |
Re: If Nigeria Is So Rich, Why Are Nigerians So Poor? by nduchucks: 1:53am On Apr 14, 2012 |
Beaf: My broda, you are slowly turning "Musiwaic" and having a conversation with yourself. Would you happen to know what GEJ's plans are for the following problems? There is nothing st.upid about the problems. I'd be surprised if you don't agree that these issues can be resolved rather quickly with good leadership. I know you get bent out of shape when you think GEJ is being criticized, but you should know that some criticisms are constructive. I'm not here to pick a fight buddy.
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Re: If Nigeria Is So Rich, Why Are Nigerians So Poor? by Nobody: 1:57am On Apr 14, 2012 |
LMAO @ the text on the wall. Who said Nigeria was rich? How much did NOI say we have left in the reserve? Politicians are rich, not the people. I mean, how many men can say they had no shoe while growing up, now they have free oil pocket money? |
Re: If Nigeria Is So Rich, Why Are Nigerians So Poor? by ektbear: 2:11am On Apr 14, 2012 |
Reasoning based on false assumptions. Nigeria is not rich...it is poor |
Re: If Nigeria Is So Rich, Why Are Nigerians So Poor? by aljharem(m): 2:13am On Apr 14, 2012 |
Nigeria is not rich ! |
Re: If Nigeria Is So Rich, Why Are Nigerians So Poor? by nduchucks: 2:17am On Apr 14, 2012 |
Very good. People are slowly getting it. The title of the thread implicitly questions the notion that Nigeria is rich. Subsequent posts point out some of the reasons for poverty in Nigeria and itemize some problems that could be solved relatively quickly. Please note that the title is not, "Since Nigeria is very rich, why are Nigerians so poor?" |
Re: If Nigeria Is So Rich, Why Are Nigerians So Poor? by aljharem(m): 2:18am On Apr 14, 2012 |
ndu_chucks: Very good. People are slowly getting it. LOL, not to say Nigeria cannot be rich but when we have people like Beaf's Ideology you can be rest assured Nigeria would be poor. |
Re: If Nigeria Is So Rich, Why Are Nigerians So Poor? by ektbear: 2:20am On Apr 14, 2012 |
Lmao at "slowly getting it." There is nothing revelatory about this. Like, most of us know that Nigeria is not a rich country, lol. The question is, how does one turn a poor country into a wealthier one? How does one create wealth? |
Re: If Nigeria Is So Rich, Why Are Nigerians So Poor? by nduchucks: 2:23am On Apr 14, 2012 |
ekt_bear: Lmao at "slowly getting it." Indeed, this is the conversation I am hoping the thread would encourage. As I stated, GEJ can command some very quick wins in the area of Agriculture itemized earlier. The $1 Billion slated to be spent on oil exploration this year alone is ill advised - half of that should be used towards the Agric sector. |
Re: If Nigeria Is So Rich, Why Are Nigerians So Poor? by ektbear: 2:26am On Apr 14, 2012 |
I don't think there are any real quick wins. Nothing good comes easy...anyone expecting Nigeria to be turned around in a day is fooling themselves. So what is your argument for why the $1 billion spent oil exploration is a bad idea? What would you do with the money, if it were you? Speaking of which...who is spending the money? Nigeria or the oil companies? To my knowledge, typically it is the latter who spends money on exploration.. |
Re: If Nigeria Is So Rich, Why Are Nigerians So Poor? by Nobody: 2:28am On Apr 14, 2012 |
Beaf: How can Nigeria be "so rich" when the states and LG's generate zero revenue? You're smarter than this Beaf. Take politics out of this - and look it as a Nigerian. |
Re: If Nigeria Is So Rich, Why Are Nigerians So Poor? by Beaf: 2:30am On Apr 14, 2012 |
shymmex: Maybe you know the magic formula of becoming rich by producing nothing? Please tell me, cos I wanna be rich doing nothing. Countries are rich, because their equivalent of states and LG's are productive, up and doing. |
Re: If Nigeria Is So Rich, Why Are Nigerians So Poor? by Nobody: 2:31am On Apr 14, 2012 |
ndu_chucks: GBAM! We need to diversify the economy - and feed the people. We're not an industrialized nation - we need develop sectors like Agriculture - where we can compete with other countries. |
Re: If Nigeria Is So Rich, Why Are Nigerians So Poor? by ektbear: 2:34am On Apr 14, 2012 |
Which kyn mindless "GBAM" be this? So without seeing ANY numbers, ANY plans for the two choices, anything at all, you've concluded that one is better than the other? |
Re: If Nigeria Is So Rich, Why Are Nigerians So Poor? by nduchucks: 2:35am On Apr 14, 2012 |
ekt_bear: I don't think there are any real quick wins. When I say quick wins, I am speaking in relative terms. I believe half of that $1 billion would generate positive results if spent on the Agric sector (specifically Tomato production and tomato paste factories) quicker than what the same amount would generate in exploratory activities which are not guaranteed to yield any positive results. Once again, we are the worlds largest importer of tomato paste for goodness sake. We have a ready market for the product, we have the land to produce the tomatoes - why not agressively go after the quick win? |
Re: If Nigeria Is So Rich, Why Are Nigerians So Poor? by Nobody: 2:35am On Apr 14, 2012 |
Beaf: All the monies we kept wasting in developing the oil sector - why can't we use part of it - in diversifying our economy? We can develop the agric. sector, solid minerals etc. - thus, creating more jobs for the masses. We need to cut the cost of governance, and develop our transport, and power sector as well. |
Re: If Nigeria Is So Rich, Why Are Nigerians So Poor? by ektbear: 2:37am On Apr 14, 2012 |
More to the point...if you plan on leaving poverty through agric, then you'd better also find a way to reduce the population of the country to 5 million people or something, lol. Long story short, if agric is the only idea you have for escaping poverty, prepare to remain a third world nation for the next several hundred years... Industrialization is the answer, not really agric. Agric is a game for rich folks anyways, not the poor masses (at least if they want to really make a killing from it) 3 Likes 2 Shares |
Re: If Nigeria Is So Rich, Why Are Nigerians So Poor? by ektbear: 2:39am On Apr 14, 2012 |
ndu_chucks: Who is spending this $1 billion? Nigeria, or the oil companies? Once again, you are arguing based upon the assumption that it is out of Nigeria's pocket this money is coming from. Is this accurate? If so, provide some evidence that Nigeria is spending this much (rather than it actually being Shell spending the money on exploration.) Then show that it is a bad investment relative to tomato production. Now, with which electricity do you plan on powering this proposed tomato paste factory? |
Re: If Nigeria Is So Rich, Why Are Nigerians So Poor? by Nobody: 2:40am On Apr 14, 2012 |
ekt_bear: Which kyn mindless "GBAM" be this? So, you want us to continue to invest in the oil sector - whilst ignoring other sectors? We've done that for over forty years, and how has it improved the lives of Nigerians? I don't care about NUMBERS - I only deal with PRACTICALITY. Any one can just put numbers out there for all I care. |
Re: If Nigeria Is So Rich, Why Are Nigerians So Poor? by nduchucks: 2:40am On Apr 14, 2012 |
ekt_bear: More to the point...if you plan on leaving poverty through agric, then you'd better also find a way to reduce the population of the country to 5 million people or something, lol. Come on! No one is saying that agric is the only idea for escaping poverty. Agric is an area of opportunity that is not getting enough attention. Population control cannot be ignored as well. |
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