QuotaSystem:
N289 billion Non-oil revenue from Agriculture is much, much more than the N16.75 billion that the entire SE contributed to our oil revenue in 2020.

In fact the $240 million (N15.2b) that tanned leather from Fulani herdsmen and other northerners form the core north generated for Nigeria, is almost 10X the total SE contribution to oil revenue in 2020. Can you debate this? Lol.

You can keep shifting the goal post but the PARASITES have been clearly established and the best part of all this is....

Numbers Don't Lie

You should check your numbers again ( unless you’re obfuscating intentionally). The N982Bilion was for December,not the entire year. Meanwhile, you’re comparing this with FAAC allocation for the entire year.

NimrodEndOfDays:
You are ruling not because of brilliance. But because the British made sure you ruled because you were poorly educated and refuse to go to school. They did this because you can easily be manipulated so that they can continue to steal our resources. What has been the achievement of the North in sports, education, science and technology since independence? You will understand how useless your people are when we seperate. That's when the scales will fall from your eyes.

So with all your smarts, you cannot outwit illiterates that were imposed on you?? Hahahaha.
These people are really dumb..

Workch:
How does sokoto tax benefit someone in Ekiti?

Can’t you reason like an educated person?

That dude you quoted is a quota system, half educated Malo who is intellectually handicapped. Reading his posts is always a comic relief to me how someone can be saying rubbish with so much confidence

adamx23:

So with all your smarts, you cannot outwit illiterates that were imposed on you?? Hahahaha.
These people are really dumb..

There is nothing smart in impoverishing millions of Northerners and using them as tools to destroy Nigeria just to ensure you remain in power.

You're obviously living in a fool's paradise since you can't see that your stranglehold on other Nigerians is fast unraveling. Nigeria of today is not the Nigeria of yesteryears when you used anarchy to force others into submission, Southerners and the middle belt are now fed up and are now systematically working to cut you guys loose.

Collyweed:


You should check your numbers again ( unless you’re obfuscating intentionally). The N982Bilion was for December,not the entire year. Meanwhile, you’re comparing this with FAAC allocation for the entire year.

In Dec 2020, South East received N19.92 billion - N16.75b = N3.17 billion Parasitic for December alone.

https://nairametrics.com/2021/02/11/faac-disburses-n601-1-billion-to-fg-states-and-local-govts-in-december-2020/

QuotaSystem:

In December 2020, Nigeria's total oil revenue was N985. 57 Billion.

https://www.google.com/amp/s/www.ceicdata.com/en/nigeria/government-revenue-and-expenditure/gross-federation-account-revenue-oil/amp

In the same month, SE states received a cumulative total of N19. 92 billion

https://nairametrics.com/2021/02/11/faac-disburses-n601-1-billion-to-fg-states-and-local-govts-in-december-2020/

Now using your unreferenced 1.7% contribution of the region to oil revenue, that would put the total contribution of the region at N16.75 billion.

N19.92b (received) - N16. 75b (contributed) = 3.17 billion PARASITIC

ahiboilandgas:
dundee .agricultural export come from hard work real productive work which involves farming,processing and packaging for export. While oil production is done by foriegn own firms and expatriates and Nigerians earn royalty .how many Nigerians participate in oil production in bonga oil fields.

That feeds them and not the federal govt account.

Oil is still Nigeria server, remove oil, Nigeria will be poorer than Niger and Mali.

Which mumu Agriculture are you talking about?

OrganicsHub:


If he's a mumu then what are you?

What do you understand by the word Government REVENUE?

MUMU + Olodo rabata. Omoluabi can't be this dumb.

Agricultural exports are not done by the government, they are hugely done by individuals Nd firms. Government collects duties.

Whatever that aboki and indeed you omo ale are talking about is out of place. The only product in Nigeria sole exported by government and 100% revenue goes to the government is crude oil.

Workch:
Agricultural exports are not done by the government, they are hugely done by individuals Nd firms. Government collects duties.

Whatever that aboki and indeed you omo ale are talking about is out of place. The only product in Nigeria sole exported by government and 100% revenue goes to the government is crude oil.

Simple Question. Shebi you claim to be educated?

What do you understand by GOVERNMENT REVENUE?

Workch:
You are the ignorant person here, GDP is a representation of the final goods and services produced in a society, this goes beyond federal revenue which is obviously the bone of contention.

You are obviously a product of either Ahmadu Bello or Usman danfodio quota system education but I will oblige your ignorance.

The GDP encompasses trades and services at both states, federal, local government and private levels. Some of the Monies from the GDP activity doesn’t end in the federal account, most of it will go to the private accounts and inform of taxes to states and local governments.

It’s totally different from what we are talking about here. At the end of the day, the northern region is still a parasite as majority of their activities represented in the GDP doesn’t directly benefit the federal account because they don’t pay federal tax.

I will give you an example: Nomadic herding including all the cows in the north is included in the GDP but how does that activity add to the federal pox? They don’t pay tax, they only graze freely and most of their monies goes to private pockets. If oil and gas accounts for just 14% of total GDP and 65% of IGR, it means that Agriculture is not bringing money for government instead it does that for private individuals. Instead government invest money from oil and gas to grow Agriculture. You can’t even interpret figures, as old as you? Lol
Someone that read the way you typed GDP now will think you know what you are talking about.


Northerners are really bad at everything, including analyzing economic data. No wonder the country is in chaos.

Great analysis and kudos to you! Your analysis is simple mathematics but could be complex for some! Just like the almajiri questioning data without sense!

Even these data/analysis can even help the federal government to reroute resources to resourceful areas of the economy if they have sense and also if we were running a sane government structure!

Is it not laughable and senseless to read that 80-85 percent of budget is gulped by recurrent expenditure! What is left for capital expenditure/projects? Nigeria is sham and a geographical mistake!

OrganicsHub:


Simple Question. Shebi you claim to be educated?

What do you understand by GOVERNMENT REVENUE?

Why must you ask silly questions?
I can just go and get this from google Even if I don’t know it.

SouthSouth1914:


Great analysis and kudos to you! Your analysis is simple mathematics but could be complex for some! Just like the almajiri questioning data without sense!

Even these data/analysis can even help the federal government to reroute resources to resourceful areas of the economy if they have sense and also if we were running a sane government structure!

Is it not laughable and senseless to read that 80-85 percent of budget is gulped by recurrent expenditure! What is left for capital expenditure/projects? Nigeria is sham and a geographical mistake!

Bros what are you saying?

Does the FG earn revenue from leather exports or not? What about cocoa?

Finally does it earn any forex revenue which stabilises the Naira?

It seems some of you are confusing GDP activity/contribution with actual government revenue.

Workch:
Why must you ask silly questions?
I can just go and get this from google Even if I don’t know it.

Good. I have helped you get it from Google.

Now, If government reports that it has received 5 naira as REVENUE, how much has entered govt. accounts?

OrganicsHub:


Good. I have helped you get it from Google.

Now, If government reports that it has received 5 naira as REVENUE, how much has entered govt. accounts?

What point are you trying to make?

adamx23:

So with all your smarts, you cannot outwit illiterates that were imposed on you?? Hahahaha.
These people are really dumb..

This is the foundation the British laid out for you bruh. Having ruled this country for donkey years, what can you say are the areas that the Northerners have improved themselves apart from looting public Treasury and terrorism? Can you survive without Nigeria?

Workch:
What point are you trying to make?

That your claims are patently false. You don't know what you're saying.

You claim that reported government revenue from agriculture does not enter government accounts.How does that make sense?

Pay attention to the word revenue.

OrganicsHub:


That your claims are patently false. You don't know what you're saying.

You claim that reported government revenue from agriculture does not enter government accounts.How does that make sense?

Pay attention to the word revenue.

The reported figures for agriculture are in export volumes not particularly government revenue. The figure presents the volume and the worth of the exports by the agricultural sector, not how much government generated from it.
For example, if I own a cocoa farm and willing to export 2tons for N4million to Kenya, the volume and worth will be reported but if government charges 10% tariff on every export made, I will only remit 400k to government account. They are two different stuffs.
Government can only charge duties and taxes from that volume.

Is that big to understand?

Rawani:


Bros what are you saying?

Does the FG earn revenue from leather exports or not? What about cocoa?

Finally does it earn any forex revenue which stabilises the Naira?

It seems some of you are confusing GDP activity/contribution with actual government revenue.

We are talking about revenue earned directly into the Federation Account. According to the Nigerian Export Promotion Council, cocoa products account for over $800 million in exports for Nigeria, with cocoa beans making up about 90% of that. This is the market cap of the cocoa industry, and it has been decentralized! Technically, the Nigeria Government do not export cocoa per say, they do it through different proxies hence FX is not directly paid into the Federation Account.

Please be guided, we are not talking about IGR from States paid to the Federal Government. You must be able to differentiate FX from Internal Generated Revenues. Cheers

ahiboilandgas:
how many delta people work in oil production? Delta state is an oil bearing state not a oil producing state .in the whole population of delta how many deltans work in crude production. The work is done by oyinbo and their companies. But kebbi is a rice producing state producing 2 million tonne of rice yearly farmed and proceed by kebbi residents.. delta state get royalty for having the natural resource. But doest translate to been hard work .or productivity. That why despite the huge govt receipt to delta state poverty is still wide spread. Cos oil production employee only few hand .

are you trying to shift the goal post or something? Who talked about productivity or hardwork?

adamx23:

Dullard!! He was only telling you that your hypocrisy stinks.

gbef.. Ur own hypocrisy dey scent.. Ur brain is not only empty but decayed.

Workch:
The reported figures for agriculture are in export volumes not particularly government revenue. The figure presents the volume and the worth of the exports by the agricultural sector, not how much government generated from it.
For example, if I own a cocoa farm and willing to export 2tons for N4million to Kenya, the volume and worth will be reported but if government charges 10% tariff on every export made, I will only remit 400k to government account. They are two different stuffs.
Government can only charge duties and taxes from that volume.

Is that big to understand?

I quite understand the concept.

However the mistake you're making, is that the Government in the case of leather that the other poster brought which clearly stated the REVENUE (Duties, Levies, Taxes) it received (generated) and not the trade volume. I've helped to attach the screenshot from the other page.

There is a BIG difference between Revenue and Trade Volume.

Do you now understand?

OrganicsHub:


I quite understand the concept.

However the mistake you're making, is that the Government in this case clearly stated the REVENUE (Duties, Levies, Taxes) it received (generated) and not the trade volume.

There is a BIG difference between Revenue and Trade Volume.

Do you now understand?

Export revenue, didn’t say in terms of duties. Revenue means, what it brought to the economy and not federal account.

Do you get it now?

Workch:
Export revenue, didn’t say in terms of duties. Revenue means, what it brought to the economy and not federal account.

Do you get it now?

Wrong. That is not the meaning of revenue.

I knew you had a poor understanding of the word "revenue" and that's why I started by asking you to define your understanding of the word.

Here is my knowledge and understanding of the word Revenue.

Government revenue or National revenue is money received by a government from taxes and non-tax sources to enable it to undertake government expenditures.

There is a BIG difference between a sector's GDP Contribution into the economy (what you're describing) and actual Government Revenue from exports.

Show us your own definition/understanding and where you got it from.

NimrodEndOfDays:
This is the foundation the British laid out for you bruh. Having ruled this country for donkey years, what can you say are the areas that the Northerners have improved themselves apart from looting public Treasury and terrorism? Can you survive without Nigeria?

But e dey pain you say no be you dey loot am. .. Anyway, keep wailing about being marginalized.. That's your MO..

FreeIgbos:


There is nothing smart in impoverishing millions of Northerners and using them as tools to destroy Nigeria just to ensure you remain in power.

You're obviously living in a fool's paradise since you can't see that your stranglehold on other Nigerians is fast unraveling. Nigeria of today is not the Nigeria of yesteryears when you used anarchy to force others into submission, Southerners and the middle belt are now fed up and are now systematically working to cut you guys loose.

You guys are simply just delusional.. Who's strangleholding Nigeria?? Play politics and win stuff and don't just expect to be spoon fed. The north doesn't owe you shit. We worked hard for the position we occupy today in Nigeria.. Use your pseudo wits and intelligence to also play politics and grab power, and stop crying like a broken hearted girl.

OrganicsHub:


Wrong. That is not the meaning of revenue.

I knew you had a poor understanding of the word "revenue" and that's why I started by asking you to define your understanding of the word.

Here is my knowledge and understanding of the word Revenue.



There is a BIG difference between a sector's GDP Contribution into the economy and Government Revenue.

Show us your own definition/understanding and where you got it from.

lol, go and browse export revenue and come back.

I’m going to give a scenario to help you get this better; in 2019 Nigeria generated 3.5trillion naira as revenue. Majority of this revenue Came from oil and gas, corporate income tax, social insurance taxes, individual taxes and just 5% was from other revenues.

Other revenues includes:
estate and gift taxes, customs duties, earnings from the Federal Reserve System, and various fees and charges. Obviously this tax is where the agricultural export duties fall into.


5% of 3.5trillion is 175billion, so how can only Agricultural export generate 280billion duties for government? Majority of the custom duties come from importation and I think it didn’t even generate up to that amount. We have not even added all other taxes in this category

Think am well na

When they give you figures of export, they are not telling you how much government made from it but rather the amount in volume and amounts that left that country.

Workch:
Give us figure from north na?
What Agriculture are you talking about?
What amount does Agriculture brings to the federal pox?
Agriculture that federal government is still funding with oil money via subsidy of fertilizers and donations of GM seeds? Lol

In what way is federal government making money from Agriculture in Nigeria? All this Usman danfodio university graduates sef

If you do a detail analysis, then you will see that most person income tax come from productive individuals.

Most of the IGR from the Southeast are solely from indigenous businesses and person income taxes.
However, it is also a know fact that even the gaints figures posted by other states are influence significantly by the personal income taxes of the Southeasterners in those locations.

adamx23:

But e dey pain you say no be you dey loot am. .. Anyway, keep wailing about being marginalized.. That's your MO..

pain me? Seriously? Does it look as if the Igbos experienced war? Dude.....use your brain na

Workch:
lol, go and browse export revenue and come back.

I’m going to give a scenario to help you get this better; in 2019 Nigeria generated 3.5trillion naira as revenue. Majority of this revenue Came from oil and gas, corporate income tax, social insurance taxes, individual taxes and just 5% was from other revenues.

Other revenues includes:
estate and gift taxes, customs duties, earnings from the Federal Reserve System, and various fees and charges. Obviously this tax is where the agricultural export duties fall into.


5% of 3.5trillion is 175billion, so how can only Agricultural export generate 280billion duties for government? Majority of the custom duties come from importation and I think it didn’t even generate up to that amount. We have not even added all other taxes in this category

Think am well na

When they give you figures of export, they are not telling you how much government made from it but rather the amount in volume and amounts that left that country.

Why would a govt expressly over-report and state that it generated revenue (pay attention to those words) of Bleep amount off the trade of a product, if it only earned marginal levies on that product which was less than that amount? It doesn't make sense.

Again you are confusing export volume with export value. Common mistake.

Lastly, what is your opinion on the role of our forex generating Agricultural exports on economic and fiscal stability?

Workch:
I usually do not make posts on nairaland politics section but I have to address this charade of Senator Ndume as regards undermining the the contributions of southeast in Nigeria. I’m going to do this with Figures vis-à-vis the figures come north to show that northerners are conning people into staying in Nigeria, which is obviously failing.

Oil revenue and other
In 2017, the NBS released oil revenue figures of all Nigerian oil producing states which totals 32billion USD, assuming that we share the sentiment of subtly dissociating igbos in southsouth from their counterparts in Southeast, IMO and Abia combined accounted for 1.7% of this revenue, 1.7% of 32billion is 544million USD. It means that Imo and Abia brought 544million USD to Nigeria in 2017.

In this same year, southeast states received a total federal allocation of 152.9billion which is 459.1million USD using 333per dollar rate as it was obtainable in 2017.

Imo and Abia alone made 544million USD, this figure indicates that south east actually generated their own federal allocation. This cannot be said about the north’s humongous allocation, they feed from other south southern states


This will help create a picture to help you see who steals from who? Southeast earned every allocation they get, north steals from southsouth.
This is clearly seen as the total revenue generated in 2017, 65% of this was from oil while a substantial remaining Came from Lagos ports and business which igbos also contributed a large stake in terms of Importations of goods and federal taxes. Northerners don’t do importation a lot and they don’t have business paying taxes a lot.

We can hardly see the contribution of the northern states and their people here vis-à-vis the amount they get in term of allocations.


I am not an Igbo guy but it’s totally irrational to think that north is not the parasite here. They never earn whatever they get in Nigeria.

As matter of fact, aside Lagos and maybe ogun state and the oil producing states, other states include all 19northern states are parasites. None of them earn whatever they get.

Interesting.
What this shows is that Igbo republic is much viable without Minorities.
Once we get our Igbo people in Obiigbo and Egbema on board and get Enuani on board. We offset the Deficit in FG allocation immediately.
And we would still be sitting on gargantuan untapped natural gas reserves in Abia, Imo and Anambra to extract and even add more to our revenue generation. Oil exploration in SE has even been very poor. In BIAFRA we would intensify the effort in crude oil potentials of LGAs like Ugwunagbo and Ukwa East in Abia that have shown big promise, in Ohaji and Oguta LGAs of Imo, in Ogbaru, Anambra East, ANAMBRA west, and Ayamelum of Anambra, etc.
I'm sure we would find enough to quickly get more than we are currently getting from FG.

With an international airport of our own, more forex poured into the country by our humongous and resourceful diaspora population. Omo!
Biafra is very very viable without Minorities.
With Fulanis rounded up and sent to MALI, we can finally revolutionize our agricultural sector form of high tech agricultural system like they have in Netherlands and even earn more revenue. And we haven't even started talking of the skill capacity of Aba and industrial capacity of Nnewi. Innoson can be given all the support and power to become a truly global leading brand in technology. They can even be helped to diversify to other home electronics like refrigerators, TV, etc. Improving our balance of trade in the process as we would import less things from outside Igboland, ensuring a very strong Biafra pounds.

The potentials of independent republic of Igboland, aka Biafra is mind-blowing.

Someone should show IPOB and co this.

OrganicsHub:


Why would a govt expressly over-report and state that it generated revenue (pay attention to those words) of Bleep amount off the trade of a product, if it only earned marginal levies on that product which was less than that amount? It doesn't make sense.

Again you are confusing export volume with export value. Common mistake.

Theres nothing in your articles that explicitly says that government generated 280billion from duties of agricultural export. It doesn’t even just make sense to think that it can be achievable in Nigeria currently.

What it means that if government charges 5% tariff which is 280million then we exported about 5trillion worth it Agricultural products. Haba, does that make any sense?

Workch:
Theres nothing in your articles that explicitly says that government generated 280billion from duties of agricultural export. It doesn’t even just make sense to think that it can be achievable in Nigeria currently.

Read carefully.

Take note of the words "generated, export revenue" and look at the definition again.