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

manny4life:


I dislike using the word "GDP" because a lot of people throw the word around, and very few understand the core components of what GDP is. GDP is the measure of economic activity, thus, there are diverse economic activities - Trade, Transportation, Energy, Mineral, Energy, Telecommunication, Construction, Agriculture, Manufacturing, etc. These are ALL economic activities, while the industries fall under "manufacturing", it does not change it's legal tender --- MONEY (Cash and it's equivalents).


I never said one was better than the other, what I said was, if we evaluated based on upon economic activity -TRADE- which is the reason for the cash influx, then Ojo is economically viable than Ikeja. Cash influx is not necessary physical cash, this applies to all forms of short-term current cash or it's equivalent.

To answer your question, as long as a market location is involved in TRADE (buying/selling = economic activity), then the volume of tender will be a determinant who's bringing in what exactly. The volume of money is what counts, this is why I said it's a trade off between surplus and deficit. This is not to say that Industrialization is bad, it is indeed encouraged, but I'm just saying it like it is. Heck, Ojo Alaba LG may decide not to trade at all and go all in into "Capital investments", it still counts as part of GDP. What matters is the volume of money (legal tender).

100 companies may be producing $1/unit and each company produces 10million units, that's a $1billion economic activity, however, Ojo may decide to build a $2.1billion mall, roads, rail, energy lighting etc. At the end of the day, Ojo spending $2.1 billion (govt spending) is way better that $1billion. GS is a component of GDP as well, I hope you see the logic. Same rule applies to industries. Keep in mind, this is only FACE VALUE.

PS: Industries still accept cash and cash equivalents as a form of tender. When the industries sell, they sell as WHOLESALE, and when the wholesalers sell, they sell as retail. At the end of the day, they will accept cash or it's equivalent as a tender, therefore, the volume of cash or it's equivalent is a good measure of who brings in what. To add, if they sold abroad, they'd have to pay us in our legal tender (FOREX) thereby exchanging foreign currency to Naira OR exchange using a standard trading currency $$$.

geeez:

Attaché by force

Isn't that how you guys said Namadi Sambo is Nnamdi?

Ikwerres have said they are not Igbos. If you're not Ikwerre, just shut up and read up

http://www.gamji.com/article9000/NEWS9062.htm

customized13: even the writers name is an igbo name, he should go and bear ikwerre name na. No wonder he bears DIBIA. Lolzzzzz

geeez:

People bear Yoruba names in Edo and Delta States

I won't force them to be Yorubas if they choose not to be

An Ikwerre man said he's not Igbo and you're saying he's Igbo. Na by force

Unless you're an Ikwerre person, and I know no Ikwerre person in 2013 will proudly say he/she is Igbo

Later you will say Tuface is Igbo because his surname is Idibia

geeez:

People bear Yoruba names in Edo and Delta States

I won't force them to be Yorubas if they choose not to be

An Ikwerre man said he's not Igbo and you're saying he's Igbo. Na by force

Unless you're an Ikwerre person, and I know no Ikwerre person in 2013 will proudly say he/she is Igbo

Later you will say Tuface is Igbo because his surname is Idibia

customized13: no wonder u open this stupid thread. I must ignore u. Yes dats what I wil do, dnt wanna derail d thread.

geeez:

People bear Yoruba names in Edo and Delta States

I won't force them to be Yorubas if they choose not to be

An Ikwerre man said he's not Igbo and you're saying he's Igbo. Na by force

Unless you're an Ikwerre person, and I know no Ikwerre person in 2013 will proudly say he/she is Igbo

Later you will say Tuface is Igbo because his surname is Idibia

Iykopee:

U cant sit in d west and tell the people of rivers state where to belong.... The problem amaechi is having 2day started from yoruba man.. We detest u lots like a pile of poo. Its not ur biz to tell us where to belong coz gone are the days.. 2day an ikwerre man sees everytin differently from ur ancient perspective.. How many yoruba people have ties with d ikwerres? sometimes i laugh @ goblins posting bunkums from far away western Nigeria... We aint sleepy anymore.. Our best allies r the igbo people.. We shall take u deluded imps by surprise when d chips are down.

geeez:

And you are ...?

Iykopee:

We will allow ur ilks to live in utmost delusion while waiting patiently for the appointed time to come. Its then u wud knw where we truly belong...for now, u are free to yell to d top of ur voice with d usual remix, ''An ikwerre doesnt accept being ibo or ibo man is attaching himself with an ikwerre man.'' mark this day and my words.

manny4life:


I dislike using the word "GDP" because a lot of people throw the word around, and very few understand the core components of what GDP is. GDP is the measure of economic activity, thus, there are diverse economic activities - Trade, Transportation, Energy, Mineral, Energy, Telecommunication, Construction, Agriculture, Manufacturing, etc. These are ALL economic activities, while the industries fall under "manufacturing", it does not change it's legal tender --- MONEY (Cash and it's equivalents).


I never said one was better than the other, what I said was, if we evaluated based on upon economic activity -TRADE- which is the reason for the cash influx, then Ojo is economically viable than Ikeja. Cash influx is not necessary physical cash, this applies to all forms of short-term current cash or it's equivalent.

To answer your question, as long as a market location is involved in TRADE (buying/selling = economic activity), then the volume of tender will be a determinant who's bringing in what exactly. The volume of money is what counts, this is why I said it's a trade off between surplus and deficit. This is not to say that Industrialization is bad, it is indeed encouraged, but I'm just saying it like it is. Heck, Ojo Alaba LG may decide not to trade at all and go all in into "Capital investments", it still counts as part of GDP. What matters is the volume of money (legal tender).

100 companies may be producing $1/unit and each company produces 10million units, that's a $1billion economic activity, however, Ojo may decide to build a $2.1billion mall, roads, rail, energy lighting etc. At the end of the day, Ojo spending $2.1 billion (govt spending) is way better that $1billion. GS is a component of GDP as well, I hope you see the logic. Same rule applies to industries. Keep in mind, this is only FACE VALUE.

PS: Industries still accept cash and cash equivalents as a form of tender. When the industries sell, they sell as WHOLESALE, and when the wholesalers sell, they sell as retail. At the end of the day, they will accept cash or it's equivalent as a tender, therefore, the volume of cash or it's equivalent is a good measure of who brings in what. To add, if they sold abroad, they'd have to pay us in our legal tender (FOREX) thereby exchanging foreign currency to Naira OR exchange using a standard trading currency $$$.

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.

Katsumoto: To support GDP figures provided earlier, it also helps to look at Revenue, Internally Generated Revenue, and Budgets

2013 Budget
SE States: 633 Billion
SW States: 762 Billion (without Lagos) and 1262 Billion with Lagos
Source: http://www.nigerianmuse.com/20130120040655zg/nigeria-watch/star-information-budget-table-nigerias-federalstates-budgets-2005-2013/

Revenue 2007 – 2011
SE: 1378 Billion
SW: 1623 Billion (without Lagos) and 3568 Billion with Lagos

IGR 2007 – 2011
SE : 150 Billion
SW : 214 Billion (without Lagos) and 928 Billion with Lagos

Source: Internally Generated Revenue (IGR) in Nigeria: A Panacea for State Development can be found in European Journal of Humanities and Social Sciences, Vol 21 number 1
http://www.journalsbank.com/ejhss_21_1.pdf


Perhaps the above data will explain migration patterns between the regions.

Katsumoto: To support GDP figures provided earlier, it also helps to look at Revenue, Internally Generated Revenue, and Budgets

2013 Budget
SE States: 633 Billion
SW States: 762 Billion (without Lagos) and 1262 Billion with Lagos
Source: http://www.nigerianmuse.com/20130120040655zg/nigeria-watch/star-information-budget-table-nigerias-federalstates-budgets-2005-2013/

Revenue 2007 – 2011
SE: 1378 Billion
SW: 1623 Billion (without Lagos) and 3568 Billion with Lagos

IGR 2007 – 2011
SE : 150 Billion
SW : 214 Billion (without Lagos) and 928 Billion with Lagos

Source: Internally Generated Revenue (IGR) in Nigeria: A Panacea for State Development can be found in European Journal of Humanities and Social Sciences, Vol 21 number 1
http://www.journalsbank.com/ejhss_21_1.pdf


Perhaps the above data will explain migration patterns between the regions.

kettykin:
This becomes more ridiculous when with your high GDP, high internally generated revenues and high budgets, you can not sustain your local domestic airport traffic, people who lost everything in a genocidal war and were giving 20 pounds to start live again and lost their jobs , landed property, bank deposits now have more landed property in the entity called Nigeria than you that never experienced war and with you high IGR and GDP! Why then is the high IGR and GDP if not to hood wink the gullible federal government to spend more of oil revenues in your flood ravaged villages in the name of encouraging more fictitious IGR

manny4life:


I dislike using the word "GDP" because a lot of people throw the word around, and very few understand the core components of what GDP is. GDP is the measure of economic activity, thus, there are diverse economic activities - Trade, Transportation, Energy, Mineral, Energy, Telecommunication, Construction, Agriculture, Manufacturing, etc. These are ALL economic activities, while the industries fall under "manufacturing", it does not change it's legal tender --- MONEY (Cash and it's equivalents).


I never said one was better than the other, what I said was, if we evaluated based on upon economic activity -TRADE- which is the reason for the cash influx, then Ojo is economically viable than Ikeja. Cash influx is not necessary physical cash, this applies to all forms of short-term current cash or it's equivalent.

To answer your question, as long as a market location is involved in TRADE (buying/selling = economic activity), then the volume of tender will be a determinant who's bringing in what exactly. The volume of money is what counts, this is why I said it's a trade off between surplus and deficit. This is not to say that Industrialization is bad, it is indeed encouraged, but I'm just saying it like it is. Heck, Ojo Alaba LG may decide not to trade at all and go all in into "Capital investments", it still counts as part of GDP. What matters is the volume of money (legal tender).

100 companies may be producing $1/unit and each company produces 10million units, that's a $1billion economic activity, however, Ojo may decide to build a $2.1billion mall, roads, rail, energy lighting etc. At the end of the day, Ojo spending $2.1 billion (govt spending) is way better that $1billion. GS is a component of GDP as well, I hope you see the logic. Same rule applies to industries. Keep in mind, this is only FACE VALUE.

PS: Industries still accept cash and cash equivalents as a form of tender. When the industries sell, they sell as WHOLESALE, and when the wholesalers sell, they sell as retail. At the end of the day, they will accept cash or it's equivalent as a tender, therefore, the volume of cash or it's equivalent is a good measure of who brings in what. To add, if they sold abroad, they'd have to pay us in our legal tender (FOREX) thereby exchanging foreign currency to Naira OR exchange using a standard trading currency $$$.

geeez:
As we speak, there's more economic activity in Osun State than any SE state

Next year when the GDP figures for 2013 are posted, there will be a yawning gap

We know the governors that are ready for business

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

MCMLXXVI:

This post is still very relevant today because it is nothing but the truth. Nice one!

MCMLXXVI:

This post is still very relevant today because it is nothing but the truth. Nice one!