Hanendez:

Does it also mean that the sheer number of American and British expatriates in diaspora is a pointer to a failed economy in the countries of their origin? Well the only reason igbos are teeming in the west is because of how strategically placed it is. The igbo heartland is landlocked and incommensurate to her population. I assure you that the economy of the whole west will collapse if the igbos withdraw thereof.

huptin:


If the Igbo's withdraw from the west? I can't say for sure that the economy of the west will collapse or not, but I know that before the economy of the west collapses the whole of the eastern economy would have been in total disarray, while Igbo's are major players in the economy of Lagos no doubt but they are not the only players, the economy will shrink surely but as for the Igbo's who withdraw it will be instant starvation and economic asphyxiation. Simple.

Hanendez:

As an afonja thinketh in his heart, so he is.

Twistaray:



Can you prove the bolded with facts,figures?
I disagree and I have my facts to do so.

quickly:


What they are saying is the world now has trillions of oil reserve

So price has dropped even US is exporting now


Also electric cars would be taking over in a couple of years.


Nigeria should focus on production and refining for west africa.

huptin:


I am not Igbo but its obvious to everyone that they are major players no need to deny it, they are everywhere contributing immensely to Lagos economy from Okada riders to electronic dealers even to bank workers and industries their contributions can not be under estimated just look beyond the online rants and chest beating and you will realise that they are major players.

Twistaray:


Dude, stop abusing the word " major".
You can't even back you claim.

I don't blame you sha

huptin:


OK no more arguments present your facts and figures and when doing so kindly be civil.

While you're at it, also list those Igbo-owned Industries in Lagos and the SW you keep bragging about please.

I guess to your sick mind the following SW based industries are Igbo-owned: Honeywell Flour Mills, GZI Industries, ProForce, Elizade, Bi-Courtney, Eleganza Group, Folawiyo Group, Petro Inett, Modandola Group, Manucom Fishing, Aiico Insurance, the Yoruba-owned banks, Insurance Companies, e.t.c. Even SME's (interestingly, after Lagos state, Oyo has the highest number of SME's in the country, higher than any SE state) we are comfortably in the lead. You know what SME's stand for right? And how many individuals you must employ to qualify as one?) all located in Yorubaland. I am waiting for those Igbo Big Businesses in Lagos and the SW (not 'pure water' ones o) that are more than Yoruba owned ones, and that give you all the ballz to brag.

http://nigerianstat.gov.ng/pdfuploads/SMEDAN%202013_Selected%20Tables.pdf


Also kindly List the number of Insurance companies players that are Igbo-owned dominating Yorubaland or Nigeria in general.

How many Igbo-owned investments comes close to LADOL in Lagos?

List the Banks that Igbos dominate that are more than the Yoruba-dominated/controlled Skye Bank, First Bank, Sterling Bank, GTBank, FCMB, e.t.c.

List the Telecoms Company that are Igbo-owned/dominated like Yoruba-owned/controlled Globacom and NTel

List the I.T businesses that are Igbo dominated that can stand the likes of Spectranet, CCHub, MainOne

Which Igbo-owned businesses can match the dominance of Yoruba-controlled Oando, ConOil, and Forte Oil?

The only Transport segment Igbos dominate is that of buses that convey their kinsmen between YOrubaland and the SE. Yorubas control the SW internal routes, e.g. When I take a bus from Lagos to Abeokuta or Ibadan, 9 out of 10 times the owner of the Bus is a Yorubaman and not an Igboman, so get your facts straight.

In a nutshell, Yorubas already dominate the Big Businesses and industries that count, e.g Finance, Oil & Gas, I.T, Telecoms, Insurance, Manufacturing & Industry, e.t.c. It would be unfair of us to dominate everything so we've left them the crumbs like dominating the Super-Eagles, Gala Hawking , spare-parts bizness, Selling DVD/VCD at Alaba, Entertainment (though Yorubas dominate the Music scene, while we comfortably have our indigeneous Film industry on lockdown as well ), transporting your kinsmen to-and-from the SE to Yorubaland, e.t.c. Your people can keep dominating those. But even Commerce/trading sef una don dey dump that one sef for drug-trafficking.

http://www.vanguardngr.com/2015/06/rivers-state-others-have-overtaken-s-east-in-commerce-industry/

Smh.

huptin:


OK no more arguments present your facts and figures and when doing so kindly be civil.

They said they have more middle class yet SW has the least poverty rate in Nigeria.

http://www.dataforall.org/dashboard/ophi/index.php/

They claim they have more SMEs yet Oyo has more SMEs than all SE states.


http://nigerianstat.gov.ng/pdfuploads/SMEDAN%202013_Selected%20Tables.pdf

Blue3k:


Not many cared to read article. Second that our oil statement wouldn't apply as an argument because its not relevant to topic. I'm surprised you brought them up.

His opinion is not correct. Petroleum still a very important to forex demand and will continue to be. It's the cheapest source of energy for world. The renewables have yet to catch up in cost or efficiency.

The article touched on many issues such diversification of economy, investment in human capital , infastrure and fiscal federalism.

Chiefpriest1:
All talk, no action. These same issues were talked about 30 years ago.

Today, they are still as fresh and imperative as they were years ago.

In the next 50 years , we ll still be talking about them like the issues just emerged.

In that rapper's voice (forgotten his name)...All we do is talk, talk, talk, no matter what!

Blue3k:


Not many cared to read article. Second that our oil statement wouldn't apply as an argument because its not relevant to topic. I'm surprised you brought them up.

His opinion is not correct. Petroleum still a very important to forex demand and will continue to be. It's the cheapest source of energy for world. The renewables have yet to catch up in cost or efficiency.

The article touched on many issues such diversification of economy, investment in human capital , infastrure and fiscal federalism.

Beeman1:
U be GOD? foooooooools everywhere.

eduj:

his point is dope.
oil is going through a period of diminishing returns and also an economic term known as "fallacy of compilation".modern technology is effectively increasing the fuel conversion efficiency of machines while a the same time making it possible for crude exploration and refining in previously ignored regions.for instance ghana has successfully raised her crude reserve to 6 billion .In effect,their is too much oil for too little uses.the only way oil can reach previous levels of 2010, is if africa experiences an industrial revolution akin to that of asia or,banning major exporters like done to iran or,the economic tool known as "war" occurs on a continental level.opec output cut would only improve the captial marginally by creating an artificial scarcity.

majekdom2:
it is cheaper and it will getting cheaper hence will not be sustainable in a short time except the world come together and work something out not the rumble is trying to do.

Kizyte:
If the oil disappear one day, the South East is most likely to survive, don't know about other region. Just my opinion, but I know some region rely sorely on oil to survive due to laziness.

NB: I didn't mention anyone's name o!

LorDBolton:


Bruv you're right a bit but u missed my point.

Oil value will still shoot up, oil needs go beyond cars.

Even gas (which abound in oil fields) continue to be highly sought after.

So NO oil will continue to be a major asset.

But he's right we need to diversify and introduce fiscal federalism so more revenue streams come up.

eduj:

his point is dope.
oil is going through a period of diminishing returns and also an economic term known as "fallacy of compilation".modern technology is effectively increasing the fuel conversion efficiency of machines while a the same time making it possible for crude exploration and refining in previously ignored regions.for instance ghana has successfully raised her crude reserve to 6 billion .In effect,their is too much oil for too little uses.the only way oil can reach previous levels of 2010, is if africa experiences an industrial revolution akin to that of asia or,banning major exporters like done to iran or,the economic tool known as "war" occurs on a continental level.opec output cut would only improve the captial marginally by creating an artificial scarcity.

quickly:


How will oil value shoot up ? When OPEC had to manipulate production by reducing supply that they didn't want to do.

THERE ARE TRILLIONS OF OIL RESERVE.AVAILABLE SO.OVER SUPPLY HAS LEAD TO LESS DEMAND.

In Venezuela there is . massive famine due to drop in oil prices not only Nigeria.

Also middle east are suffering too


The gist is there is better technology available to get oil so now and just to let u know only US DOES SHALE. WHAT IF THE START SHALE IN NIGERIA OR MIDDLE.EAST?.

THE PRICE OF A BARREL OF OIL WILL BE THE SAME AS A WATER.

LorDBolton:


Bruv you're living in the present.

My question to you is did you read a finance/management/economics course in school?

A lot of factors determine oil prices, what u noted is called 'fracking' that's the new technique of getting oil.

Like I said boss, oil prices will rebound, it's a question of when not how.

Russia wants to start drilling further into the artic and very remote areas in siberia... do u think u know more than the white men whose job it is to forecast demand? Oil & gasfutures?

What's affecting naija, Venezuela n co. isn't low gas prices, it's the OVER-DEPENDENCE on oil.

Mardi gras (an annual masquerade festival in new orleans, louisiana USA) contributes over $50m to us GDP

How much does obudu, olumirin, ikogosi, badagry museum, yankari, argungu festival etc contribute to naija GDP?

UAE used oil to transform dubai, you know how many FTZ are in UAE? Recently lagos unveiled ambitious plans for their own...while SS leaders are jonzing (betraying Donald duke's plan)

Don't worry about the oil prices, worry about nigeria being strategically positioned to benefit from the next price boom & not waste it via embezzlement

TheAlchemist:


It is interesting that after the recent OPEC quota cut,,, instead of seeing a rise in crude oil price, rather there was a dip...

quickly:


Keep waiting for oil.boom . I am no economist neither did I study economy but it's commonsense.

without oil . Nigeria can survive.

India does not have a drop of oil and they are richer than nigeria.

The problem with oil is that it breeds corruption

Hanendez:

Does it also mean that the sheer number of American and British expatriates in diaspora is a pointer to a failed economy in the countries of their origin? Well the only reason igbos are teeming in the west is because of how strategically placed it is. The igbo heartland is landlocked and incommensurate to her population. I assure you that the economy of the whole west will collapse if the igbos withdraw thereof.

Kizyte:
If the oil disappear one day, the South East is most likely to survive, don't know about other region. Just my opinion, but I know some region rely sorely on oil to survive due to laziness.

NB: I didn't mention anyone's name o!

femolii:
The igbo people should be shame of them self by now.u can't progress in your own land except u come down to yoruba land see u people should pray very well that another war should not brake out because if it happen again u people will regret it. (rabels).