yoruboid:
GDP is the easiest thing to lie about but your revenues don’t lie

It’s obvious that the GDP of Ogun is higher than that of all the SE states put together but they can keep deceiving themselves

GDP that cannot generate revenue… Is that one GDP?

Very true.

China has been busy building substandard death trap ghost cities in a bid to shore up its GDP and is on the verge of a housing collapse.

The best and only way to guage an economy is from taxable production and consumption aka IGR.


A highly productive and consuming economy is where the money is hence why the 0koro is using both day and night bus to flock to Lagos .

EcoNews:
Pls who is arguing this with your Igbo father ?
Everyday many of you miserable n foolish cursed Igbos wake up with the superior Yoruba tribe ringing in your medulla.

Was your miserable Igbotic pathetic bigoted soul able to sleep peacefully over the night before rushing to create a thread about the Yorubas who gives no furk if you n your father rot in hell. Or in hellfire ?!

They claim to have high GDP and still flock to Lagos using both day and night bus to look for their daily bread.

HitlerWasRight:


Fool, Ebonyi roads and whatever infrastructure carried out and completed by Dave were all commissioned from loans in lieu of federal allocations.

Where did Dave see the money to build flyovers in his village and a moribund airport in Abakileke?

Dave even said it openly that Ebonyi depends on federal handouts to which he has borrowed the future of Ebonyi state welfare cheques to build substandard roads and flyovers in lieu of federal allocations.

Will those roads generate money on their own ?

Won't those same roads require maintainance in future ?

And who benefited from these projects if not Dave himself who awarded every single contract for 8ys to his own personal company?


You are completely inept and don't have a clue of what you are talking about.

Face whatever petty trade you are into and leave economics for people who at least have a formal understanding of its basic principles.

lolz
this boy nor get sense

he borrowed to build those infrastructures yes. yet the debt profile of Ogun is still far higher than ebonyi.

how can u be generating high IGR, you are still among the highest debtor and yet no development

are u sure u are not mad?

it is so funny that u generate high revenue, still borrowed the highest. yet not even a basic amenities in the state to show for all the money.
u guys should be ashamed and hide ur face because all ur lies and propagandas are been bursted daily

NotProphet:

Obsession kill u
U guys keep lying to yourselves on a daily basis

I hope when u guys finally realised it, it won't be too late

What are you going to use to measure up to SW ?

Your region is by far the most parasitic region in the country

Even the north can survive on its own under the right leadership.

You produce nothing and add nothing directly into the economy.

A state like Logo contributes more to Nigeria's economy that your entire yeast because in same kogi you have agricultural production .

Whatever economy you have in your yeast is tied only to importation of finished goods which require Forex from SS.

You produce nothing and your economic models are what are causing local production to crash.


I will keep saying it here that Nigeria needs to downsize and get rid of the SE as being the most net negative region to both our corporate economic growth and existence.

HitlerWasRight:


Very true.

China has been busy building substandard death trap ghost cities in a bid to shore up its GDP and is on the verge of a housing collapse.

The best and only way to guage an economy is from taxable production and consumption aka IGR.


A highly productive and consuming economy is where the money is hence why the 0koro is using both day and night bus to flock to Lagos .

if u dont know that the reason igbos are going to lagos is because of population, den u are still a fool.

go to kano and see alot of igbos. same with kaduna.

u should be asking urself why igbos are not going to other states in SW aside lagos.

mumu
IGR without development na IGR ?
where is all the money going into?

NotProphet:

if u dont know that the reason igbos are going to lagos is because of population, den u are still a fool.

go to kano and see alot of igbos. same with kaduna.

u should be asking urself why igbos are not going to other states in SW aside lagos.

mumu
IGR without development na IGR ?
where is all the money going into?

Whatever reason that makes you flock out of your termite red mounds , you should get ready to return back to it.

HitlerWasRight:


Whatever reason that makes you flock out of your termite red mounds , you should get ready to return back to it.

https://businessday.ng/business-economy/article/states-with-highest-foreign-debt/#:~:text=Lagos%20State%2C%20Nigeria's%20commercial%20hub,%241.33%20billion%20in%20December%202021.&text=Kaduna%20ranked%20second%20with%20an,million%20as%20of%20June%202022.

go and read ur external debt profile.

how can u claim to generate highest IGR, still has the highest debt both domestic and external, yet no single infrastructure project to show for it.
u guys are fools.
instead of u to be asking Ogun governors what they have been doing with all the supposed money they are generating and borrowing, it is people coming to Lagos to do their legitimate business that are u problems. and that state has produced a president and a vice for a combined 16yrs
what a backward state with foolish and coward citizens

NotProphet:

https://businessday.ng/business-economy/article/states-with-highest-foreign-debt/#:~:text=Lagos%20State%2C%20Nigeria's%20commercial%20hub,%241.33%20billion%20in%20December%202021.&text=Kaduna%20ranked%20second%20with%20an,million%20as%20of%20June%202022.

go and read ur external debt profile.

how can u claim to generate highest IGR, still has the highest debt both domestic and external, yet no single infrastructure project to show for it.
u guys are fools.
instead of u to be asking Ogun governors what they have been doing with all the supposed money they are generating and borrowing, it is people coming to Lagos to do their legitimate business that are u problems. and that state has produced a president and a vice for a combined 16yrs
what a backyard state with foolish and coward citizens

Fool, line of credit is tied directly with income.


Ogun and Lagos have been given higher credit lines than your entire parasitic yeast because they have higher revenue generation.


Person wey him salary no reach 50k no fit collect loan of #1m.



Poverty okiete region.

HitlerWasRight:


Fool, line of credit is tied directly with income.


Ogun and Lagos have been given higher credit lines than your entire parasitic yeast because they have higher revenue generation.


Person wey him salary no reach 50k no fit collect loan of #1m.



Poverty okiete region.

If you want to compare Nigeria with other countries in Africa will you use it's earning power from taxes (IGR ) or it's GDP?


Because Nigeria is the largest economy in Africa not because of its earning power from tax (IGR) but because of its GDP

You're dullard!



South West people are mostly salary earners even if they don't pay tax directly. They'll pay it indirectly


SE people are majorly self employed less taxed

HitlerWasRight:


Fool, Germany has both the biggest economy as deduced from GDP and also the highest tax revenue base in Europe.

In the US, the two largest economies , California and New York , account for highest county, state and federal tax revenue base.

If Mr A pays #1500 in taxes and Mr B pays #5000 in taxes and both are resident in the same tax code area, who earns more ?

Ode bragging about paying taxes with nothing to show for!
It's okay to wail GDP tells of the economic activities of a state!


I'm glad imo and Anambra are sitting conformably there

Yes because the South East states are at the bottom of the table, I wonder if you'll maintain this position if South East states generated the highest IGR in Nigeria, clowns like you will always find reason to justify your region's failure but you have the loudest voice when it comes to matters that affects other region

HitlerWasRight:


Fool, line of credit is tied directly with income.


Ogun and Lagos have been given higher credit lines than your entire parasitic yeast because they have higher revenue generation.


Person wey him salary no reach 50k no fit collect loan of #1m.



Poverty okiete region.

lolz
this fool is still avoiding the questions

where are they putting all the money?

if a supposed poor Ebonyi state has far better infrastructure than the giant rich ogun, where are ogun governors putting the money?
u should be bothered aswear but u nor get sense na.

if Ebonyi can effectively manage the little revenue they are getting and translating it into real life practical development for the state, it means if they are getting even half of what ogun gets, they would have turn to dubai by now.

this is what u should be thinking but ur brain is dead, so u cant think. Dapo and his gangs will loot u dry while u come online to defend them
tufiakwa

BrodaBenad:


So world bank is now decieving themselves


Disappointed SW!ne

Okay hold on to your GDP and let us hold on to our IGR you leeches that can’t survive without FG allocation from VAT generated in Lagos and Ogun

NotProphet:

Bayelsa is just poor management of resources
They are among the top earners in federal monthly allocations
Despite the small size of the state yet no meaningful development

You've spoken very well and reasonably too!!!!!!!

NotProphet:

Bayelsa is just poor management of resources
They are among the top earners in federal monthly allocations
Despite the small size of the state yet no meaningful development

You've spoken very well and reasonably too!!!!!!![color=#000099][/color]

yoruboid:


Okay hold on to your GDP and let us hold on to our IGR you leeches that can’t survive without FG allocation from VAT generated in Lagos and Ogun

u generate highest IGR, you collect federal allocations, yet ur states keep borrowing upandan, and again, no meaningful development to show for it.
u should be ashamed that states u call leaches have better infrastructure and lowest debt profile than the so called giant rich IGR ogun

NotProphet:

u generate highest IGR, you collect federal allocations, yet ur states keep borrowing upandan, and again, no meaningful development to show for it.
u should be ashamed that states u call leaches have better infrastructure and lowest debt profile than the so called giant rich IGR ogun

Once again you’re showing the extent of your ignorance

The more you earn, the more you can borrow because you have a higher capacity to pay back

If Ogun State borrows exactly as much as all the SE states owe, it will still be in a better position to pay back because it earns more than all the SE states put together

Do you understand? Or should I explain like I would to a 3yr old?


Maybe you can use your GDP to pay salaries and fund road constructions 😂😂😂😂

yoruboid:


Okay hold on to your GDP and let us hold on to our IGR you leeches that can’t survive without FG allocation from VAT generated in Lagos and Ogun

Anambra, Abia and Imo State produces oil and gases

Give us the money lets check something

BrodaBenad:


Anambra, Abia and Imo State produces oil and gases

Give us the money lets check something

Those states are already getting their share of the oil revenue, many of you on nairaland are ignorant, arrogant and uniformed about basic things happening in the country

lol Imo get GDP pass Ogun state? A joke taken too far.

If GDP is the total number of product and services produced by a state in a year, can anyone please tell me what industry, service or MSME give Imo higher GDP than Ogun state?

What is the industrial output of Imo that it will trump Ogun which is currently the state with the largest number of industries. Even for SMEs, I don’t think Imo has more than Ogun.

IGR is very important, they just call it a different name in other countries. If you have have a GDP of 1trillion, if the government don’t have money to fund their programme, it’s as well as a dormant country. Let USA senate only give USA government $1billion as operating cost and let’s see how important USA GDP is.

Shey na GDP go pay salaries or na em go construct road for the government?

LegendHero:
lol Imo get GDP pass Ogun state? A joke taken too far.

If GDP is the total number of product and services produced by a state in a year, can anyone please tell me what industry, service or MSME give Imo higher GDP than Ogun state?

What is the industrial output of Imo that it will trump Ogun which is currently the state with the largest number of industries. Even for SMEs, I don’t think Imo has more than Ogun.

IGR is very important, they just call it a different name in other countries. If you have have a GDP of 1trillion, if the government don’t have money to fund their programme, it’s as well as a dormant country. Let USA senate only give USA government $1billion as operating cost and let’s see how important USA GDP is.

Shey na GDP go pay salaries or na em go construct road for the government?

I thought you have something in your br.ain you forgot that service contribute more than industry in Nigeria GDP and Imo is major oil and gas producing state

LegendHero:
lol Imo get GDP pass Ogun state? A joke taken too far.

If GDP is the total number of product and services produced by a state in a year, can anyone please tell me what industry, service or MSME give Imo higher GDP than Ogun state?

What is the industrial output of Imo that it will trump Ogun which is currently the state with the largest number of industries. Even for SMEs, I don’t think Imo has more than Ogun.

IGR is very important, they just call it a different name in other countries. If you have have a GDP of 1trillion, if the government don’t have money to fund their programme, it’s as well as a dormant country. Let USA senate only give USA government $1billion as operating cost and let’s see how important USA GDP is.

Shey na GDP go pay salaries or na em go construct road for the government?

Ogun still borrow to do any meaning project, they borrowed to build airport

Anambra1stSon2:

I thought you have something in your br.ain you forgot that service contribute more than industry in Nigeria GDP and Imo is major oil and gas producing state

Imo is not a major crude oil producer. If you have a brain, Ondo produces more Crude oil than Imo, so why is Ondo not sitting there at the top?

Even Imo has more loans than Ondo state for example.

You think of it’s only about oil, shey lagos will be number one on the list?

Anambra1stSon2:

Ogun still borrow to do any meaning project, they borrowed to build airport

Even USA borrow too. Borrowing does not affect anything because lenders can only borrow states that are viable.

You think if you and Dangote go to the bank to borrow 5billion now, do you think you’ll get the loan? That’s how loan work for states too.

Ogun can borrow to finance her Airport, it dosent negate or stop the fact that it generates over 100billion in IGR.

LegendHero:


Imo is not a major crude oil producer. If you have a brain, Ondo produces more Crude oil than Imo, so why is Ondo not sitting there at the top?

Imo is doing well in service sector, do you know that Imo state airport domestic traffic is more than Kano airport, Ondo airport receive fight twice every week, while while Imo airport receive more than five different flight everyday, Imo is major gas producing state Ondo isn't

LegendHero:


Even USA borrow too. Borrowing does not affect anything because lenders can only borrow states that are viable.

You think if you and Dangote go to the bank to borrow 5billion now, do you think you’ll get the loan? That’s how loan work for states too.

Ogun can borrow to finance her Airport, it dosent negate or stop the fact that it generates over 100billion in IGR.

They can't, stop deceiving yourself with US, I know you tribe enjoy borrowing, Nigeria has so much borrowed that they use almost revenue to service debt, the country borrow to pay salary, they don't have money to fund budget, you guys have messed the country up that they even borrow to fund budget, and you are here deceiving yourself

This from the people that celebrated construction of a gutter and a Julius Berger sign. 🤣🤣🤣

Effects of low IGR.

Anambra1stSon2:

They can't, stop deceiving yourself with US, I know you tribe enjoy borrowing, Nigeria has so much borrowed that they use almost revenue to service debt, the country borrow to pay salary, they don't have money to fund budget, you guys have messed the country up that they even borrow to fund budget, and you are here deceiving yourself

Lol, who wan borrow a broke state that barely generate 10billion monthly loan before? No be person wey get high revenue go borrow?

Anambra1stSon2:

Imo is doing well in service sector, do you know that Imo state airport domestic traffic is more than Kano airport, Ondo airport receive fight twice every week, while while Imo airport receive more than five different flight everyday, Imo is major gas producing state Ondo isn't

So how much revenue (net profit & tax to government) does the flight make for the state compared to just one cement factory located in Ogun? Not to talk of hundreds of mega industries located in Ogun state.

Imagine wetin the guy dey talk. No be all those economic refugee dey go back to the East because they are scared to move by road? Are they transacting business on the flight? No be to move to and fro?

Shey na that one be flex? Lol he dey celebrate 5 flight per day,.

LegendHero:


Lol, who wan borrow a broke state that barely generate 10billion monthly loan before? No be person wey get high revenue go borrow?

I guess you have forgotten how Ogun went bankrupt when oil money was low they were among the states that asked for bailout to be able to pay salary

Anambra1stSon2:

Imo is doing well in service sector, do you know that Imo state airport domestic traffic is more than Kano airport, Ondo airport receive fight twice every week, while while Imo airport receive more than five different flight everyday, Imo is major gas producing state Ondo isn't

Which gas is imo producing? Why do you always feel the need to defend your region? Yes the reserve has been proven but it has not been explored and mind you in real life debt is not a bad thing, as a business man, if you know how to use debt, you'll do exploit.

Here in Rivers, we didn't have the N200b cash to pay for the Ring Road project, we approached the bank and they approved the release of the cash, 6b will be deducted from our IGR monthly for 3 years to offset the debt, if we had not approached the bank and we waited for 3 years to save cash to embark on that project, we'd have paid 300b for the project in 3 years taking future value of Money into consideration. If our IGR wasn't high, we wouldn't have been able to approach the bank to get funds for the project. I've noticed a trend on nairaland especially from South Easterners you look down on others and elevate your own, if it was reported that SE states had the highest IGR, would you have reacted the same way? You'd have created a million thread extolling your governors for being the best thing after fried rice but since reverse is the case IGR is not important

Anambra1stSon2:

I guess you have forgotten how Ogun went bankrupt when oil money was low they were among the states that asked for bailout to be able to pay salary

No I haven't forgotten, so how did that affect our GDP & IGR argument?

If as a state, you create an enviornment where you can generate 100billion yearly for example, no matter how corrupt the state governor embezzle the state, in 8 years he is gone and the can at least have a better governor that will use the resource judiciously.

But if your state can only generate 10billion yearly, if you like go and bring Obama or the pope to govern, they will just be useless like a church rat because they won't even have revenue to operate efficiently in the first place.

GDP figure wey every state just dey bring figures. Nigeria GDP data defies logic, a state can be number 5 today and suddenly in one year it will be 25 in the statistics. There is no way in hell that Imo will have more GDP than Ogun, except if they don turn statistics upside down.