dayokanu:

This is stupidity at its peak

The cash transactions simply as a result of market location. people bring money from everywhere to trade in a market

For people that know Lagos well. Alaba, Katagowa due to the location of markets probably handle more cash transactions per day than Ikeja or VI

Does that mean the economy of Ojo Local Govt is better than that of Ikeja Local Govt or Eti Osa?

manny4life:

You never fail to disappoint, do you? You always go off course anytime your reply. Trade is an economic activity which is defined as sale of goods and services which can exchanged by barter or paid using a legal tender in this case MONEY. Trade (wholesale and Retail) is a contributor to an economic activity, it means more people are willing to pay for goods with money, thereby creating cash transactions, and if recorded appropriately are translated into economic contribution, so yes, even though your example is flawed, by default, OJO LG is economically viable than Ikeja. Ojo LG will record the activity as part of their contribution to the economy as "trade", so it means they are better.

When they tax that cash transaction, it's recorded. When the money is deposited into the banks (which is what CBN recorded), depending, it may be recorded as savings, it means that the LG has a booming activity for such high amounts to be deposited. When a trader decides to build a house, it's called an investment and the economic cycle continue. So yes, legal tender of payments in trade is the trade off between surplus and deficit.

dayokanu:

This thread says GDP. So how does the location of a market in Ojo Alaba which is the driver for cash transactions make the state better than those with industries in Ikeja and VI

kettykin: First they started these rumours with being the most educated, later jamb was able to truncate their hollow lies with their valid data posted on their website which Dibu ojerinde removed as soon as he became the jamb boss, when this dawned on them that their age long fallacies has been uncovered they started another baseless fallacy and deception with their universities ranking system which has been flushed down the dustbin of history with award winning professors produced by universities in the east rated lowly by their worthless Web rankings.
Next they started another futile dissipation of energy with their over hyping of the achievements of Fashola which has been deflated with results from Uyo, enugu and Rivers, still not done yet they campaigned with out success the un viability of enugu international airport prior to August 24 only to be thoroughly shamed and baffled with consistent flight traffic.
One of their agents presently has a law case hanging over his neck as a result of his misplaced and misguided aggression from attacking and smearing the reputation of some igbo married women when he was presented with bare facts about the ownership of lagos their last hope.
Now they are going about with some fictitious GDP figures trying to sway the sentiments of gullible online Bloggers, this they are doing not minding the fact that the Central Bank of Nigeria has updated nigerians with all the cities where 90% of the monetary transactions and deposits occur.

Of what use is ibadan/Oyo GDP figures when the monetary transactions in Aba and Onitsha is very much higher than it.
Where is the gross domestic product when the it does not produce monetary transactions , the measure of goods and services should translate to cash transactions and measurements

yetunsbay: bro u get tym to write dis sha_ _ _shld I say u dey beef SW...

dayokanu:

This is stupidity at its peak

The cash transactions simply as a result of market location. people bring money from everywhere to trade in a market

For people that know Lagos well. Alaba, Katagowa due to the location of markets probably handle more cash transactions per day than Ikeja or VI

Does that mean the economy of Ojo Local Govt is better than that of Ikeja Local Govt or Eti Osa?

kettykin: It is very funny and illogical how the reasoning of some people can be, Osun and Oyo with their very big budget and high GDP cannot sustain a domestic airport while Enugu which some oluwole statisticians claim has a lower GDP has the 4th busiest domestic Airport, the most recent and fourth busiest international Airport in the country, if airport traffic and financial transactions can not convince anybody then someone education should be questioned

customized13: ur problem is dat u cnt distinguish between economic development and infrastructural development.

dayokanu:

So tell us which one has more economic development and which one has more infrastructural development

Ojo(Alaba) or Eti Osa (VI)

Kindly display your ignorance for the public

dayokanu:

If you have any common sense you should ask why People in Oyo State need any airport when an Int airport is just about an hour drive from Ibadan

Or they should just build an airport just to prove what exactly?

Thats how you people act before thinking

kettykin:
If you had checked you would have realised that ibadan has an airport with big enough run way but records very minimal appalling, dissappointing and disgraceful domestic flights despite its claims of being the largest city or slum in Africa , having the 5th biggest economy im Nigeria, the domestic airport traffic of ibadan airport is more appalling than the dismal sales figures of shop rite in ibadan.
Enugu is about 1hour from port Harcourt which has an international airport about 45 minutes from imo airport and about an hour from Asaba airport but Enugu international airport traffic is consistent and regular while the domestic flights are 10000 times better than the ibadan domestic flights

omonnakoda: There are companies in Nigeria that occupy NO MORE than one floor of a multi storey building doing more business than the whole of Onitsha market with Zero Cash transacions
The biggest market in Nigera,the stock Exchange has ZERO cash transactions. ZERO . So please quit this silly idea that the more banks on a street the richer it is. Alaba does more cash deals probably than Shell or Mobil So what. Onitsha probably does more cash deals that Apple,Facebook and Google combined. So bleeping what? What does that prove?.

geeez:

Do you think critically before you post?

What makes those airports viable? Simple. Demand

At least one in three Igbo people don't live in Igboland because of the poverty in the region

In Yorubaland, you rarely find people who live outside their region so what's the point building an airport for people who a really travel domestically? The region is self sustaining economically unlike the East.

Why should a man in Osun, Ekiti or Oyo need an airport when they don't travel from there to other places in the country but internationally which Lagos serves?

kettykin:
Why are you turning the truth upside down
Below is a link showing the co relationship between airport traffic and GDP
http://www.boeing.com/boeing/commercial/cmo/methodology.page
Are yorubas not in niger delta , North and abuja, the last time yoruba traders were killed in far away volatile borno state
You can read several article on how the gdp of a city co relates with airport traffic it is not a nigerian thing but has a world wide occurrence

geeez:

Do you think critically before you post?

What makes those airports viable? Simple. Demand

At least one in three Igbo people don't live in Igboland because of the poverty in the region

In Yorubaland, you rarely find people who live outside their region so what's the point building an airport for people who a really travel domestically? The region is self sustaining economically unlike the East.

Why should a man in Osun, Ekiti or Oyo need an airport when they don't travel from there to other places in the country but internationally which Lagos serves?

Trail ii: Who says enugu has more tertiary institutions dan osun state? Institutions in osun state includes obafemi awolowo university, osun state university, ladoke akintola university, bowen university, adeleke university, redemeer university, fountain university, odudua university, joseph ayodele babalola university, interlinks polytechnics, fed poly ede, iree polytechnic, ila politechnic, ife polytechnic, college of health sciences ilesha, polytechnic esa oke, forienglinks politechnics. Just to mention few......only ogun state has more institutions dan osun state in the whole nigeria. Ɣøû can check ur brochure if Ɣøû doubt me. Osun state shuld b a role model to enugu state in every aspect

Trail ii: Who says enugu has more tertiary institutions dan osun state? Institutions in osun state includes obafemi awolowo university, osun state university, ladoke akintola university, bowen university, adeleke university, redemeer university, fountain university, odudua university, joseph ayodele babalola university, interlinks polytechnics, fed poly ede, iree polytechnic, ila politechnic, ife polytechnic, college of health sciences ilesha, polytechnic esa oke, forienglinks politechnics. Just to mention few......only ogun state has more institutions dan osun state in the whole nigeria. Ɣøû can check ur brochure if Ɣøû doubt me. Osun state shuld b a role model to enugu state in every aspect

customized13: he doesn't knw geography also, SE equal igbos, igbos nt only SE, even if Port harcourt(ikwerres) says they aren't igbos(wch is nt true) asaba is a core igboland. Dnt mention igbo in ur argument, make it SE ok, cos those international airports are in igboland bt nt in SE.

customized13: no be ogun state redeemers universty dey? Jesus!!! Na wa ooo

kettykin:
NUC Endorsed tertiary institutions

customized13: no be ogun state redeemers universty dey? Jesus!!! Na wa ooo

Trail ii: ode, dere new site and permanent site dey osun state. Ede road to b precise.

kettykin:
The joker must a funny guy posting schools not in NUC list which are probably some computer training schools as tertiary universities

geeez:

Why do you guys like forcing associations?

You call yourselves Jews, you claim Ikwerres are Igbos, you claim Ibibios and Efiks are Igbos

This is all your selfish expansionist strategy

How many times have you seen Yorubas claim that Bini or Itshekiri people are Yorubas?

The connection is obvious but we aren't forcing any relationships with them

When you see the likes of Jim Ovia in the Forbes list, you call him Igbo but when some Delta Igbo folks are involved in crime, you quickly dissociate yourselves

I have been also over and I have friends across. Ikwerres, Ibibios, Ijaws, Urhobos and the Efik are not a part of your Biafra and will never be so get it into your head

Your region is landlocked and deadlocked

customized13: who said efik and ibibios are igbo oh is dat the new lie u want 2 strt? Yes I said ikwerre is igbo, if u want me 2 prove it, I wil. Dnt say wot u dnt kw. I served in ikwerre land, thr is nthng like ikwerre name, thr is nthng like ikwerre church song, they understand central igbo very well, padi me its just like ijebu of yorubaland, if u aren't frm thr, u cnt understand dem very well.