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Nairaland Forum / Nairaland / General / Politics / Governors Assemble Legal Team To Challenge Sovereign Wealth Fund (5765 Views)
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Re: Governors Assemble Legal Team To Challenge Sovereign Wealth Fund by asha80(m): 8:22pm On Sep 05, 2011 |
from some comments here it is no brainer why federalism has been turned its head in the country. manny4life: my brother chop knuckle jare. |
Re: Governors Assemble Legal Team To Challenge Sovereign Wealth Fund by zoraro(m): 10:58pm On Sep 05, 2011 |
^^^ Resources are useless if they are not tapped. Will the states pay the FG back all the huge investments it has made to tap these resources. |
Re: Governors Assemble Legal Team To Challenge Sovereign Wealth Fund by asha80(m): 11:14pm On Sep 05, 2011 |
zoraro: when the regions existed how was it done? as with the 'federalism' we are running now what if the fg is not making any serious plan to tap a resource that is in commercial quantity (like bitumen in ondo and gas in anambra)? |
Re: Governors Assemble Legal Team To Challenge Sovereign Wealth Fund by Gbawe: 9:32am On Sep 06, 2011 |
sagaponle: Suwegbe !!! This is not about holding folks accountable or not. It is about Federalism and its bastardization in Nigeria to the extent we now have this aberration that does more harm than good and is actually leading the Nation towards disintegration. I would not expect you to see that since blindly disagreeing with others is all you are interested in. http://www.osundefender.org/?p=19355 [b]Sovereign Wealth Fund: Federalism Please |
Re: Governors Assemble Legal Team To Challenge Sovereign Wealth Fund by manny4life(m): 8:39pm On Sep 06, 2011 |
bossinie: In a bid to show your intelligence, you made false, incorrect and baseless assertions. Cash and more cash does not connote economic growth in Economics? WTF are you talking about? My post was very clear, concise as well as precise. Let me re-quote, perhaps you missed the memo. manny4life: I talked about revenues (NOT CASH), Mr. Smart . In addition to what you stated, if I may correct the (go figure) you typed, in economics, perhaps you are forgetting the capital resource factor. In every economic growth, perhaps, for sustainable economic growth, CAPITAL RESOURCES is very important and plays an important role in the economic cycle of GDP in terms of investments. Though you have human resource, labor resource, however, without Capital (cash, loan, money or whatever or however you define it), the rest of the other factors WILL NOT survive. You believe? It's one thing to believe and it's another to face reality and statistics of historical trends and patterns. Please let us in on this revenue generating capacity that people like me don't know about. Agriculture just like any other business is an investment, period. It's either you engage in small scale production (for you and family, or perhaps small market sale) OR medium size production (few acres of land, as well as mini skilled labor and human resource and quite minimal capital) OR Large scale production which is tons of acres or hectares of land. Unemployment can equally be solved by injecting more cash into the system through channels of large scale investments, capital projects, etc. However you look at it, regardless of corruption or not, "POWER GENERATION" is a capital project; not a project that one state or ever few states can take upon themselves. Power in this case, is a backing to industrial growth; however, though you have power, it still does not change the fact that without appropriate capital resource to boost that industrial growth, you are pretty much back where you started from. zoraro: A good economist WILL NOT give you 1001 ways to generate revenues, that is the job of the "Finance" guru,; an economist will rather give you ways on how to solve economic problems and stagnation, waste etc, create wealth, maximize resources. These are two different scenarios, creating wealth involves factors that account into economic strength, so if a state economy isn't doing well, A GOOD ECONOMIST, will advise on how to turn the economy around to positive booming and advise on ways to create wealth from a health economy. Wealth in economics is NOT revenues; rather revenues is part of wealth. |
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