4Play's Posts
Nairaland Forum › 4Play's Profile › 4Play's Posts
1 2 3 4 5 6 7 8 ... 41 42 43 44 45 46 47 48 49 (of 278 pages)
Nepa Light: Stop yapping nonsense and do the maths yourself. The 1.6 T has been debunked by the author as typo. I can't locate it from his Facebook page. [/b]but thenTypo, sure it is. Must be why 1.6 trillion was brainlessly repeated 3 times. Govt revenue is broken down by component, oil and non-oil, not geo-political region. Only 21.5% of Govt revenue was non-oil: However, at N648.63 billion, the gross oil receipts, which constituted 78.5 per cent of the total revenue of government, was 0.6 per cent and 4.5 per cent above the provisional monthly budget estimate and the level in the preceding month (April), respectively.So it's interesting that all the other regions outside the "South-South" contributed, according to the article, 45% of revenue. What is the 45% made up of? http://www.ngrguardiannews.com/business-news/127164-govt-earns-n86236-billion-revenue-in-may |
mankevo: In rational thinking, I don't expect anyone to jubilate over this. Do we reason ''One Nation'' at all?See logic. I will tell you other cities not ranked, therefore ''non-existent'' by your reasoning: Las Vegas, Miami, Boston, Rotterdam, Frankfurt, e.t.c. Presumably Harare and Lagos which were ranked are more liveable than these cities. Why is this forum replete with stupidity? |
Yellow journalism. It's either she was emotionally disturbed or we have not got the accurate facts. |
For the month of May 2013, the Federal Government of Nigeria made N1.6 trillion as revenues.It's baffling why Nigerians seem to be mendacious oafs reasoning as if the brain damaged offsprings of syphilitic mothers. Information about Govt revenue is available on the net and to the best of my knowledge, is not grouped by geo-political region. THE Federal Government raked into its coffers N826.36 billion as gross earnings for the month of May 2013, which was below the provisional monthly budget estimate by 12.6 per cent, but exceeded the receipt in the preceding month by 2.5 per cent.[url]http://www.ngrguardiannews.com/business-news/127164-govt-earns-n86236-billion-revenue-in-may [/url] Since when did Govt revenue reach 1.6 trillion per month? That's $9.9bn per month or $118 bn per year. |
The way to stop these strikes is to stop paying striking workers for the duration of their strikes. There are tens of millions of Nigerians who receive negligible or zero benefit from Govt. According to the Govt's own stats, most Nigerians don't have access to electricity, pipe borne water, hospitals or education for the length of their childhood. You cannot reconcile this reality with the constant requests by an influential but miniscule demographic, politicians and public sector workers, to obtain a larger share of the national cake when most of their fellow citizens get little or nothing. This is why our recurrent expenditure is twice the size of the capital expenditure. The vast majority of Nigerians feel the impact of Govt through the latter and not the former. People will claim that ASUU deserve higher pay since legislators and Niger-Delta militants are well paid. However, this is a false choice. Money to meet higher public sector wages always leads to a relative reduction in capital expenditure. Legislators and militants won't be affected and will continue to extract higher pay from the public purse. For those who say ASUU are fighting for not just their pay packets, of course ASUU will give that impression but will call off their strike once their higher pay demands are met. If you look at Nigeria's GDP per capita, you will realise that lecturers are already well remunerated relative to countries with similar per capita levels. When ASUU compares their wages to richer countries, it's like a League Two player comparing his wages to a Premiership player. FG's annual budget is about $30bn for a population of 170m. That works out at $176 per person per year or 28,600 Naira per Nigerian. When lecturers who receive at least a million Naira per year as starting wages claim this is insufficient, this negates the principle of the greatest good for the greatest number. In civilised countries, public expenditure per person on the poor demographic is by far the highest compared to other demographics. In Nigeria, it's the reverse. The fuel subsidy alone that my mum gets when she uses her generator to watch DSTV and run her SUVs probably exceeds Govt per capita spending on a poor person living in rural Zamfara. The elite in Nigeria are the most selfish and gluttonous class of people known to man. |
software man: Lagos spends over 500 billion annually for about 14 years, can you sincerely point out to infrastructures worth this amount? ![]() This comment by software man got 8 likes as at the time of my post. What's astonishing about it is how obscenely absurd it is. If IGR increased 200% per year for years as he claims, that's a rise of four million, seven hundred and eighty thousand, eight hundred and sixty nine times what IGR was before the first year. I have to ask, why would someone tell such a crazy lie and why would as many as 8 people,presumably all educated, click on the like button? If IGR was, say just 100 million Naira in 1999. An increase of 200% per year will yield 478 trillion Naira today. What does it say about us, our intellect and values, that we can't have a proper debate without each person seeking to tell the most outrageous lie? Incidentally, the person softwareman was replying to claimed Lagos has spent 500 billion Naira every year! |
One thing that is not understood in discussing public policy is that any request to spend more requires an examination of the trade offs the extra spending entails. People say the FG should acquiesce to ASUU's demands since, after all, it spends a lot on militants, legislators and corruption. However, does anyone seriously believe that the money spent on meeting ASUU's demands will come from the money lost through corruption, militants or legislators? Nigerian Govt revenues end up, for simplification, in 3 main pots: public sector wages/pensions, capital projects and corruption. The first and last probably soak up more than 90% of Govt revenues. Most Nigerians, perhaps 95%, are not in power or public sector workers or even dependants of those who fall under either groups. This means that more than 90% of Govt revenues is taken up by less than 5% of the population. The main benefit 95% of the population gets from Govt, apart from the questionable fuel subsidy, is public projects: roads, hospitals, schools, rail, ports,e.t.c. Therefore, a request to increase public sector wages is effectively a request to take out from the pot meant for the 95%, cos you know the money won't be taken out of the part that the politicians take. This is the trade off that is not considered. Some will say that ASUU's public demands are not entirely selfish. Of course, but that's a publicity stunt. I started at UNN in 1999 and I remember ASUU had an 8 months, at least, strike. The demands preceeding the strikes included the usual: wages and increased education budget. Yet, as soon as the former was met, the latter was forgotten. To the extent that the education budget has increased over the years, almost all of the increase is swallowed up in personnel costs. There is a huge problem with corruption in this country. But if the unions are serious about tackling that, instead of lining up their pockets whilst pointing accusing fingers at others, nothing stops them and Nigerians in general from engaging in strikes and civil disobedience specifically to request resignations from corrupt public officials and the investigation and prosecution of the corrupt. Why won't NUPENG and PENGASSAN go on strike to highlight the reprehensible activities of the Petroleum Minister and force her removal? Lets face it, like that current popular British expatriate's articles notes, all each Nigerian wants to do is line up his/her pockets as much as they can. This is what this ASUU strike is about and when their demands are met, it will be at the expense of most Nigerians who will never attend university because the country has not invested in them. |
The Madueke person is a conduit for this theft. This explains why she retains her job despite being incompetent.Anything to finance a re-election campaign. However, it has to be said that the 400,000 barrels quoted doesn't distinguish the theft element, largely 150k p/d, and loss from pipeline damage. The latter could be recouped in subsequent quarters when the pipelines are repaired. |
Much of what he said is true. I liked what he said about how everyone is against corruption unless the guilty person is from their peer group. This explains the continuing popularity of Tinubu, GEJ and the scions of the Abacha family in their respective regions. Corruption is deplorable, unless it's ''our guy'' being accused of it. He is wrong about this though: Apparently it wasn’t always like this. There was a time, probably from around the 1970s to 1990s, when Nigeria had a reasonably diverse economy. Besides the oil and gas, they had agriculture, manufacturing and assembly (Peugeot set up an assembly plant in Nigeria in the mid-1970s), brewing (there is a both a Guinness and a Heineken brewery), refining, construction, and pharmaceuticals. Some of these survive today. There were decent universities, and students wishing to graduate had to apply themselves. Security wasn’t much of a concern to the average citizen.Nigeria's economy is as diverse, probably more so, than it has ever been. I think living standards are better than in the 90s and there are more amenities (roads, schools, hospitals, phone lines) than before. Other than that, very hard hitting but accurate article. |
This oil theft is to finance 2015. Either that or rank incompetence. |
@wirinet It's not lack of entrepreneurship. Nigerians love money and if there are business opportunities, would happily grab it. The reality is that the environment - rule of law, infrastructure and human capital - doesn't allow for the existence of businesses on such a scale that will allow for huge reductions in unemployment. |
For the brain dead, this is a ranking of web presence not necessarily academic quality. |
redsun: He is progressing at the expense of odes like you.Can't you see the irony?He was the governor of lagos who had the wherewithal to establish medical institution that can manage brain surgeries with ease,but instead he stole most of it.Now he is travelling to america with the stolen loot for mere knee surgery that even a well equipped chemist can perform.While babies are dying needlessly everyday for lack of basic health care that his type should have provided if weren't rats.Don't mind the famished serfs who praise their oppressors. If Tinubu urinates on his mother, he will claim its holy water. |
The challenge is to grow the economy and as a consequence, tax revenues. Unfortunately, much of the discourse seems to be about how the "national cake" is to be shared rather than expanded. |
These FG projects make no difference to living standards and are not worth celebrating. To the extent that infrastructure is needed, it's in the form of good roads, rail links and sea ports. If FG projects made a difference, living standards would have been higher in the North than the South. |
Part of the theft is probably intended to finance GEJ's re-election campaign. |
What is keeping Africa under-developed is not Big Brother but attitudes as expressed in the OP's article that seek to limit individual choice in the pursuit of some fantasist moral order. Developed countries have a high correlation with what we in Africa describe as permissiveness. What is BBA compared to all the po-rnography that the West and the Japanese produce? Even in Western countries, there are big differences in living standards like between the ''permissive'' North East and the more religious Deep South. The quicker we learn that a free society is the path to societal development, the better for us. With all the corruption going on in the higher echelons of power, someone claims that watching Big Brother is the main problem we face. |
Only gullible people celebrate MOUs. Until the project is completed, no point in celebrating. |
A thug jailed for holding a mother and daughter at knifepoint has been posting photos of his 'easy' life behind bars on Facebook.http://www.dailymail.co.uk/news/article-2393391/Thug-Sonny-Barker-posts-pictures-easy-prison-life-Facebook.html |
Public sector salaries are relatively high in Nigeria, this partly explains why recurrent expenditure is so high. To spend more on infrastructure, we have to stop increasing recurrent expenditure - salaries, subsidies,e.t.c It's very easy to get emotional about these things but the reality is that a salary increase benefits no one but the lecturers. There are tens of millions of Nigerians for whom the Govt has no impact, yet between politicians and public sector workers, 70% of Govt Govt expenditure goes to about less than 5% of the population. Massive salary increases that hikes the ratio of recurrent to capital expenditure is a path to penury. |
I keep saying Nigeria is full of savages. In civilised countries, spending per capita on the poor exceeds spending per capita on the richer demographic. In Nigeria, it's the reverse. The Governor is lauded for projects which have minimal impact on the lives of most of the inhabitants of the state. The mark of a civilised society is how it treats its weakest members. In a state of 15 million, simply detaining and relocating the poor is not the most well thought out anti-poverty policy. If you deport 72 every couple of months, I bet at least 72 babies are born to the poorest or most destitute households in a couple of hours in that state. |
I thought they said the military operation was a great success. The reality is that our military is incapable of securing victory against insurgent groups, whether Boko Haram or MEND. |
The high poverty rate is due to failure to invest in health and education which improve human capital. Our political class have no clue. |
I don't know who is sadder, attention-seeking Tontoh or the idle buffoons that line up to insult her? I suppose she has the excuse that it is in the commercial interest of a celebrity to be the centre of attention, what's the idlers excuse? |
Slicky112: Tell me how many Nigerians use the Airports... Y'all are Bongo bongo people if you call this infrastructural developments as lagbaja said 200 million mumu in mumudom.Don't mind the brainless savages. This country thinks that development is about spending money on amenities only the moneyed class can afford. Development is about improving human capital - health and education. Infrastructure also assists but you have to concentrate on infrastructure that is used by the general public: power, rail and road transport. Airports are nice but apart from Lagos and Abuja, all the others are surplus to requirements. |
That country is full of savages. Even the ones on this site are barely literate savages. |
All detainees have a right of habeas corpus which means that you cannot be detained for more than a certain length of time(is it 24 hours in Nigeria?) without being brought before the court. You cannot simply round up poor people and detain them for months without trial. If the suggestion is that what preceded the ''deportation'' wasn't detention but a voluntary internment, then its incumbent on the people who detained them to provide evidence such as signed consent form to show that the so called destitute people agreed to their incarceration. It is said that the true test of civilisation for a society is how it treats its weakest members. The heartlessness with which the poor are treated in Nigeria shows that this is truly a benighted society. |
tawa89: Raising a child to become a responsible Adult contributing positively to his/her society is the true test of a Woman's Intelligence.This is a view that is more in accord with those who think women's role on earth is as mere breeders. Presumably, barren women or women who choose not to have children are women whose intelligence are untested. I suppose Chimamanda Adichie hasn't proven she's intelligent until she starts pumping out babies and raises them to adulthood. . . till then, the jury is out on whether she has any brains. |
It makes sense that the more intelligent a woman is, the less maternal she will be as bringing up a child impedes a woman's ability to fulfill her intellectual potential. In Nigeria, this point is somewhat moot, as women do not have as much freedom to decide for themselves. |
Historian Lucy Worsley caused a furore when she remarked last year that she had been 'educated out of the natural reproductive function'.Read more: http://www.dailymail.co.uk/femail/article-2384787/Too-clever-mother-The-maternal-urge-decreases-QUARTER-15-extra-IQ-points.html |
1 2 3 4 5 6 7 8 ... 41 42 43 44 45 46 47 48 49 (of 278 pages)
