So the UAE ''produced rain'' using technology and drones to spark electrical reactions in clouds which resulted in rain.

Congratulations to them.

But please, how does this concern Nigeria?

Oh wait, you see Nigeria as an oil producing country ''just like UAE''?

Hahahahahahahahahahahaha...

I laugh in Zulu.

Mass ignorance is a serious problem in this country.

Listen up. Never EVER mention UAE and Nigeria in the same breath when talking about oil.

Here are the facts, and here is why expecting Nigeria to ''create rain'' or ''manufacture rain'', because UAE did so, is foolish in the extreme.


UAE Population: 9 million

Proven Oil Reserves: 98.7 billion barrels

Production, (million barrels per year) 1,133.7

UAE Annual Budget: 167 billion US dollars

https://www.mof.gov.ae/en/resourcesandbudget/fedralbudget/pages/budget2020.aspx

.
.
Nigeria Population: 210 million

Proven Oil Reserves: 37.5 billion barrels

Production, (million barrels per year) 730

Nigeria Annual Budget: 35 billion US dollars

https://en.wikipedia.org/wiki/List_of_countries_by_proven_oil_reserves

........


Given the above statistics, why would UAE not be able to create rain?

What else are they doing with their money?

If 9 million people are sharing a budget that is 8 TIMES the budget of 210 million strong Nigeria, why would you expect Nigeria to be as rich and developed as them?

Please, Nigerians, know your mates.

UAE is not your mate when it comes to money or oil and spending.

So if you see them creating fire from water, or creating rain from sunlight, or gold from sand and clay, just look and smile, and stop beating yourselves up, for that is the height of supreme idiocy.

Thanks.

Abeg, leave macro economics alone...

You know where the main job is.. in the micro.

drealcivilceno:
Abeg, leave macro economics alone...

You know where the main job is.. in the micro.

Nonsense. The macro determines the micro.

Lol

My brother , thanks for the information. I was in UAE 2016, let me shock our people , the 9million population is even made up of foreigners including Indians , Filipino, Pakistani, Bangladesh, Nigerians , Ghanaians etc...So the population of real emiratis is around 4 million .

*Fact check
Nigeria (200m people) sales 2m barrels of crude per day, while UAE (around 4m people) sales 3m barrel of crude per day. Those guys are madly wealthy.

* To invest or start a business in UAE, it is a must to have a sponsor, the sponsor must be an Emirati(a local). 51% of the business automatically belongs to him except you want to invest around free trade zone

Despite oil money , imagine how this people are bringing their people out of poverty.

rosinkkit:


Nonsense. The macro determines the micro.

Are you an economist?...

drealcivilceno:


Are you an economist?...

Yes.

tolue42:
My brother , thanks for the information. I was in UAE 2016, let me shock our people , the 9million population is even made up of foreigners including Indians , Filipino, Pakistani, Bangladesh, Nigerians , Ghanaians etc...So the population of real emiratis is around 4 million .

*Fact check
Nigeria (200m people) sales 2m barrels of crude per day, while UAE (around 4m people) sales 3m barrel of crude per day. Those guys are madly wealthy.

Thanks. I didn't even know the number of foreigners was so high.

Comparing Nigeria to UAE is just pure madness.

tolue42:
My brother , thanks for the information. I was in UAE 2016, let me shock our people , the 9million population is even made up of foreigners including Indians , Filipino, Pakistani, Bangladesh, Nigerians , Ghanaians etc...So the population of real emiratis is around 4 million .

*Fact check
Nigeria (200m people) sales 2m barrels of crude per day, while UAE (around 4m people) sales 3m barrel of crude per day. Those guys are madly wealthy.

So why cry when fulani try to reduce population small? J/K

rosinkkit:


Yes.

You are lying dude

^^Believe what you like.

rosinkkit:


Believe what you like.

OK.

rosinkkit:
So the UAE ''produced rain'' using technology and drones to spark electrical reactions in clouds which resulted in rain.

Congratulations to them.

But please, how does this concern Nigeria?

Oh wait, you see Nigeria as an oil producing country ''just like UAE''?

Hahahahahahahahahahahaha...

I laugh in Zulu.

Mass ignorance is a serious problem in this country.

Listen up. Never EVER mention UAE and Nigeria in the same breath when talking about oil.

Here are the facts, and here is why expecting Nigeria to ''create rain'' or ''manufacture rain'', because UAE did so, is foolish in the extreme.


UAE Population: 9 million

Proven Oil Reserves: 98.7 billion barrels

Production, (million barrels per year) 1,133.7

UAE Annual Budget: 167 billion US dollars

https://www.mof.gov.ae/en/resourcesandbudget/fedralbudget/pages/budget2020.aspx

.
.
Nigeria Population: 210 million

Proven Oil Reserves: 37.5 billion barrels

Production, (million barrels per year) 730

Nigeria Annual Budget: 35 billion US dollars

https://en.wikipedia.org/wiki/List_of_countries_by_proven_oil_reserves

........


Given the above statistics, why would UAE not be able to create rain?

What else are they doing with their money?

If 9 million people are sharing a budget that is 8 TIMES the budget of 210 million strong Nigeria, why would you expect Nigeria to be as rich and developed as them?

Please, Nigerians, know your mates.

UAE is not your mate when it comes to money or oil and spending.

So if you see them creating fire from water, or creating rain from sunshine, or gold from sand and clay, just look and smile, and stop beating yourselves up, for that is the height of supreme idiocy.

Thanks.

What is minimum wage in UAE? How about salaries of leaders? Or cost of living?
Be doing mumu data analysis there.

CodeTemplar:
What is minimum wage in UAE? How about salaries of leaders? Or cost of living?
Be doing mumu data analysis there.

What have all these got to do with the topic?

The leaders of UAE don't have 'salaries'. These are oil sheikhs who withdraw money from the treasury like it's their family account, with no questions asked. Nobody notices or cares because everyone's well fed and driving a friggin' Rolls Royce or Ferrari!!!

Wonderful!

UAE external dept; 200billion+ USD in 2017. That means it should be over 300billion+ in 2021.

Nigeria external dept; 40billion in 2021.

9 million people owing more than times 5 of what more than 210million people are owing. Lolzzz

Christiansen:
UAE external dept; 200million+ USD in 2017. That means it should be over 300million+ in 2021.

Nigeria external dept; 40billion in 2021.

9 million people owing more than times 5 of what more than 210million people are owing. Lolzzz

Wow...that's a huge amount of debt.

It suggests they are mismanaging their economy.

[[s]quote author=rosinkkit post=104055303]So the UAE ''produced rain'' using technology and drones to spark electrical reactions in clouds which resulted in rain.

Congratulations to them.

But please, how does this concern Nigeria?

Oh wait, you see Nigeria as an oil producing country ''just like UAE''?

Hahahahahahahahahahahaha...

I laugh in Zulu.

Mass ignorance is a serious problem in this country.

Listen up. Never EVER mention UAE and Nigeria in the same breath when talking about oil.

Here are the facts, and here is why expecting Nigeria to ''create rain'' or ''manufacture rain'', because UAE did so, is foolish in the extreme.


UAE Population: 9 million

Proven Oil Reserves: 98.7 billion barrels

Production, (million barrels per year) 1,133.7

UAE Annual Budget: 167 billion US dollars

https://www.mof.gov.ae/en/resourcesandbudget/fedralbudget/pages/budget2020.aspx

.
.
Nigeria Population: 210 million

Proven Oil Reserves: 37.5 billion barrels

Production, (million barrels per year) 730

Nigeria Annual Budget: 35 billion US dollars

https://en.wikipedia.org/wiki/List_of_countries_by_proven_oil_reserves

........


Given the above statistics, why would UAE not be able to create rain?

What else are they doing with their money?

If 9 million people are sharing a budget that is 8 TIMES the budget of 210 million strong Nigeria, why would you expect Nigeria to be as rich and developed as them?

Please, Nigerians, know your mates.

UAE is not your mate when it comes to money or oil and spending.

So if you see them creating fire from water, or creating rain from sunlight, or gold from sand and clay, just look and smile, and stop beating yourselves up, for that is the height of supreme idiocy.

Thanks.

[/quote][/s]

If UAE with population of 9m can do better than Nigeria with population of 200m, don't you think is better we break up Nigerian into 10 countries let everyone develop with their small population

rosinkkit:


Wow...that's a huge amount of debt.

It suggests they are mismanaging their economy.

The thing is, most of these advanced countries usually do owe huge amount of money. Like the USA of today, are actually owing more than $11Trillion. UK are owing more than $9trillion. So I guess it isn't about mismanagement.

The thing is, if Nigeria were to be owning these amount of money, I'm we would've been developed just like them. Whenever our leaders borrow money, people always scream not knowing that these advanced countries are developed today because of it.
South Africa are in dept of over 250million in usd as at now and I'm sure it's why their country is more developed than ours.

Anyway, I may be wrong since I know nothing about Economics

rosinkkit:
So the UAE ''produced rain'' using technology and drones to spark electrical reactions in clouds which resulted in rain.

Congratulations to them.

But please, how does this concern Nigeria?

Oh wait, you see Nigeria as an oil producing country ''just like UAE''?

Hahahahahahahahahahahaha...

I laugh in Zulu.

Mass ignorance is a serious problem in this country.

Listen up. Never EVER mention UAE and Nigeria in the same breath when talking about oil.

Here are the facts, and here is why expecting Nigeria to ''create rain'' or ''manufacture rain'', because UAE did so, is foolish in the extreme.


UAE Population: 9 million

Proven Oil Reserves: 98.7 billion barrels

Production, (million barrels per year) 1,133.7

UAE Annual Budget: 167 billion US dollars

https://www.mof.gov.ae/en/resourcesandbudget/fedralbudget/pages/budget2020.aspx

.
.
Nigeria Population: 210 million

Proven Oil Reserves: 37.5 billion barrels

Production, (million barrels per year) 730

Nigeria Annual Budget: 35 billion US dollars

https://en.wikipedia.org/wiki/List_of_countries_by_proven_oil_reserves

........


Given the above statistics, why would UAE not be able to create rain?

What else are they doing with their money?

If 9 million people are sharing a budget that is 8 TIMES the budget of 210 million strong Nigeria, why would you expect Nigeria to be as rich and developed as them?

Please, Nigerians, know your mates.

UAE is not your mate when it comes to money or oil and spending.

So if you see them creating fire from water, or creating rain from sunlight, or gold from sand and clay, just look and smile, and stop beating yourselves up, for that is the height of supreme idiocy.

Thanks.

It's not about how much u have but what you do with it. Angola produces more than a million barrels with 20 something million people, yet poor. Equitorial gunea and Gabon produces crude oil yet are poor. Even if Nigeria was exporting 50 million barrels daily if the leaders are daft and corrupt, Nigeria will still be poor.

Another example fbn has almost 4 trillion in deposit liability yet made 75 billion in profit b4 tax. Zenith has almost 4 trillion in deposit liability yet made 208billion in profit b4 tax

Some people are getting dumber every day. I give up.

History555:


It's not about how much u have but what you do with it. Angola produces more than a million barrels with 20 something million people, yet poor. Equitorial gunea and Gabon produces crude oil yet are poor. Even if Nigeria was exporting 50 million barrels daily if the leaders are daft and corrupt, Nigeria will still be poor.

Another example fbn has almost 4 trillion in deposit liability yet made 75 billion in profit b4 tax. Zenith has almost 4 trillion in deposit liability yet made 208billion in profit b4 tax

Stop talking prejudiced rubbish.

Angola is a fast growing economy that's rebuilding the nation after decades of liberation wars.. Have you been there? They are doing pretty well. Their poverty rate is at 30% and falling year on year. In fact thousands of Portuguese have fled Portugal to settle in Angola in recent years.

So don't come in here trying to diss Angola.

E.Guinea, Gabon etc are all small - time producers, no where near Nigeria or UAE's levels.

The pure fact is MONEY TALKS and bullshit walks.

In your own life what can you do without money?

Yet you're here telling us it doesn't matter, just so you can look for Africans to blame.

When an African nation has 9 million people with a 167 billion dollar annual budget, and are poor, THEN you can have a point. Until then, shuush.

rosinkkit:


Stop talking prejudiced rubbish.

Angola is a fast growing economy that's rebuilding the nation after decades of liberation wars.. Have you been there? They are doing pretty well. Their poverty rate is at 30% and falling year on year. In fact thousands of Portuguese have fled Portugal to settle in Angola in recent years.

So don't come in here trying to diss Angola.

E.Guinea, Gabon etc are all small - time producers, no where near Nigeria or UAE's levels.

The pure fact is MONEY TALKS and bullshit walks.

In your own life what can you do without money?

Yet you're here telling us it doesn't matter, just so you can look for Africans to blame.

When an African nation has 9 million people with a 167 billion dollar annual budget, and are poor, THEN you can have a point. Until then, shuush.

U obviously don't get the point. Its not about how much u have but what you do with it. Some people invest 1 million in treasury bills for 8.9% per annum. Another person invest 1 million in spare parts to make 100% profit per annum. Let Nigeria utilize what it has, there are many nations that don't produce crude oil and are better than Nigeria.

Sadly most wailers lack the capacity to engage intellectually, they won't refute the substance of this thread.

vedaxcool:
Sadly most wailers lack the capacity to engage intellectually, they won't refute the substance of this thread.

LMAO

If vedaxcool is an intellectual I would rather be a dunce.

Pal, throwing around the word intellectual does not make you one !

History555:


U obviously don't get the point. Its not about how much u have but what you do with it. Some people invest 1 million in treasury bills for 8.9% per annum. Another person invest 1 million in spare parts to make 100% profit per annum. Let Nigeria utilize what it has, there are many nations that don't produce crude oil and are better than Nigeria.

No, YOU don't get the point. It IS about HOW MUCH YOU HAVE, except in your little deluded head.

If you give a family of 5 people 100 million naira, and give another family of 30 people 10 million naira, in which family will you find people doing great things? It's a no-brainer.

So skip all this crap you're typing.

The USA has an annual budget of 6.7 TRILLION dollars. That's the reason she is the most prominent nation on earth.

Money talks, bullshiit walks.

For Nigeria to take off, and get a much larger annual budget, she must keep diversifying away from oil, into agricultural processing, manufacturing and the services. Plus reduce the cost of doing business by creating great transport infrastructure, especially rail.

YOU have a role to play in all this as a member of the private sector.

It's not about sitting somewhere and blaming Buhari, Fulanis, govt or whomever catches your fancy for the day, since you're perfect.

Nwanyiogwashi:


If UAE with population of 9m can do better than Nigeria with population of 200m, don't you think is better we break up Nigerian into 10 countries let everyone develop with their small population

Splintering Nigeria into what OBJ called ''weak republics'' is actually counter-productive. No part of Nigeria has UAE level resource wealth.

The ONE THING Nigeria has going for her is population. That means market size. That means local and foreign investment opportunities aplenty, which can lead to industrialisation. Lose that market size and population, and you will just become little Sierra Leones, Burkina Fasos, and South Sudans - ignored by the world and dependent on foreign aid to survive.

If Nigeria were to split today, the ONLY region that would be better off for it would be the Niger Delta. All the others states, currently dependent on monthly allocations from Abuja, would fall into chaos if that income were to be suddenly withdrawn.

So breaking up the country is a pretty dumb idea.

DuwaRepublic:


So why cry when fulani try to reduce population small? J/K

Werey
And boko haram

LamidiCownu:

Werey
And boko haram