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Every Governor In Rivers Fights The Next One; It's Spiritual Problem - Ibiyeomie - Politics (5) - Nairaland

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Re: Every Governor In Rivers Fights The Next One; It's Spiritual Problem - Ibiyeomie by LegendHero(m): 2:00am On May 20
Kukutente23:

So which colony was the rest of the West if you insist they were not under Lagos colony?
You clearly claimed that Lagos colony was for Lagos alone and the rest of the west was under Southern protectorate. So can you tell me when the West was moved back to Lagos colony from southern protectorate? For your info, even the Southern protectorate did not cover all of the East until the 1920s. There was resistance from the Easterners. So using the fact that they were not part of Lagos colony as cover for your wrong assumption of the West being part of Southern protectorate is just clutching at straws.

I have already shown you with evidence that the south south was the richest region in Nigeria. Even the historical facts back it up. As at the 16th century, South south was already trading with Europeans. The first set of educated Nigerians were from South south. I have shown you export and import data that shows the West even had a trade deficit compared to the Southern region who had a surplus.
You never showed any evidence of South South being the richest, none of anything you shared on this thread point to that. Because Export is more than import does not neccessarily translate to riches based on the data point you initially presented. You only shows 1908 and 1909 data which are just so years point and then you’re saying you showed evidence? I showed 1954 to 1961 data showing Western regions us is by far the zone with the largest export but you discarded that out so I don’t understand the logic you use to pass 1 year data as source of truth compared to 7 year worth of data.


Even your kernel data was referring to purchases and not revenue which is a meaningless parameter to measure wealth. And even at that, the south still topped except for kernel which was not in high demand. After palm produce came oil and South south still topped in that regard. Cocoa never measured up to palm produce as far as the colonial economy was concerned especially in Nigeria. It was Ghana that had the edge in cocoa. This is another fact of history.
Oh so we can’t use the purchase of the federation from the regions as yardstick but you can use export of 1908 of the Eastern to support your own argument right? You are such a wise guy.

Bro we ain’t talking about Ghana, stop the straw man arguments. This thread is about comparison based on different part of Nigeria. Cocoa measured far greater than palm in the 60s and the Western region generated more revenue from cocoa than what Eastern region did with palm oil. Stop arguing what you don’t know. Even today, Cocoa is the second largest generating agricultural export after Sesame or so.


Nigeria's main source of revenue since the 70s till today is oil. So how can you say having oil does not mean you're rich? The richest countries in the world ALL have oil. From the nordic countries to the Middle East to the Americas. Oil is tied to wealth.
You don’t even understand economics. When people talk about country wealth, it is usually measured in GDP per capita. There is no law on earth that says countries with oil automatically assume richest. Why you see some of those oil producing countries come up there is simply because their population size is small relative to the output of their oil.

Below is Forbes rated richest countries, how many of the counties on the list are major oil profiling countries?

https://www.forbesindia.com/amp/article/explainers/top-10-richest-countries-in-the-world/87305/1

Lagos is not as rich as Rivers. Lagos is benefitting from Rivers. Bring your data. You were the one harping on Onne not belonging to Rivers but now you're mentioning Lagos ports which majorly handle imports. Lagos economy is largely import dependent. GDP is not a measure of wealth but of economic activity. US has the largest GDP in the world but is not the richest country. Nigeria even when we had the largest GDP was not the richest in Africa. You can have GDP and still be poor just like Nigeria.
You’re the one that initially brought Onne. Our argument on this thread only centered about performance of Rivers state governors and Lagos state governors. I mentioned Lekki FTZ because Lagos state has 20% stake in it because it’s an investment birthed through Tibubu.

Yes, GDP alone is not a measure of wealth which is why economists add per capita to it to actually gauge it. The reason why USA is not the richest is simply because of their population. Those 350m people will divide the GDP amongst themselves and that will give small counties like Luxembourg the leverage.

Lagos economy is not import dependent, just stop saying nonsense. FG get the major revenue from the customs and ports in Lagos so if FG get the revenue and share it among the states, why then will you say Lagos is based off that? All the industries, companies, Fintechs, trade, real estate, massive investments in Lagos are what generate most of her revenue and that make the state the richest.

Lagos can today say they want to realize 70 billion monthly in IGR and they can easily amass that due to the factors within its economy. Rivers will not be able to do that.

If we are truly going to argue that crude oil make a state richest under Nigeria federal structure, then Delta should be the one you’re parroting as the richest and not Rivers which is probably the third oil producing states at present.

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Re: Every Governor In Rivers Fights The Next One; It's Spiritual Problem - Ibiyeomie by Kukutente23: 10:06am On May 21
LegendHero:

You never showed any evidence of South South being the richest, none of anything you shared on this thread point to that. Because Export is more than import does not neccessarily translate to riches based on the data point you initially presented. You only shows 1908 and 1909 data which are just so years point and then you’re saying you showed evidence? I showed 1954 to 1961 data showing Western regions us is by far the zone with the largest export but you discarded that out so I don’t understand the logic you use to pass 1 year data as source of truth compared to 7 year worth of data.
It is simple logic. Export is income. Imports is expenditure. You cannot have more expenditure than income and claim to be rich. Your data of 7 years is labelled ambiguously as purchase. What that signifies is left to imagination but more importantly, it covers a period when the Western region included parts of the South South. The data I showed you had Western region standing alone and even with some part of the South South split from the rest, it still polled better figures than the West. Rest.


Oh so we can’t use the purchase of the federation from the regions as yardstick but you can use export of 1908 of the Eastern to support your own argument right? You are such a wise guy.

Bro we ain’t talking about Ghana, stop the straw man arguments. This thread is about comparison based on different part of Nigeria. Cocoa measured far greater than palm in the 60s and the Western region generated more revenue from cocoa than what Eastern region did with palm oil. Stop arguing what you don’t know. Even today, Cocoa is the second largest generating agricultural export after Sesame or so.
What does purchase from regions signify? In the first place, that is internal economy which can signify consumption pattern and if it is even for export, your data shows that the South South which falls under Eastern region did better than the West in 6 out of the 7 variants. You are holding on to only one variant. Where is the evidence that Western region generated more from Cocoa than groundnut? Nigeria no longer exports palm produce. The South now exports crude which has more value than cocoa in terms of revenue and volume. So don't even try to bring up cocoa today.



You don’t even understand economics. When people talk about country wealth, it is usually measured in GDP per capita. There is no law on earth that says countries with oil automatically assume richest. Why you see some of those oil producing countries come up there is simply because their population size is small relative to the output of their oil.

Below is Forbes rated richest countries, how many of the counties on the list are major oil profiling countries?

https://www.forbesindia.com/amp/article/explainers/top-10-richest-countries-in-the-world/87305/1
If we are going to use GDP per capita, then we have to remove all the GDP due to presence of IOCs from Lagos. But it is not true that it is onlyGDP per capita that is used to measure wealth. Financial assets is used as well as HDI https://gfmag.com/data/richest-countries-in-the-world/
https://en.wikipedia.org/wiki/List_of_countries_by_total_wealth
So using GDP per capita alone is a false assumption. At least half of the countries on your list are oil producing


You’re the one that initially brought Onne. Our argument on this thread only centered about performance of Rivers state governors and Lagos state governors. I mentioned Lekki FTZ because Lagos state has 20% stake in it because it’s an investment birthed through Tibubu.

Yes, GDP alone is not a measure of wealth which is why economists add per capita to it to actually gauge it. The reason why USA is not the richest is simply because of their population. Those 350m people will divide the GDP amongst themselves and that will give small counties like Luxembourg the leverage.

Lagos economy is not import dependent, just stop saying nonsense. FG get the major revenue from the customs and ports in Lagos so if FG get the revenue and share it among the states, why then will you say Lagos is based off that? All the industries, companies, Fintechs, trade, real estate, massive investments in Lagos are what generate most of her revenue and that make the state the richest.

Lagos can today say they want to realize 70 billion monthly in IGR and they can easily amass that due to the factors within its economy. Rivers will not be able to do that.

If we are truly going to argue that crude oil make a state richest under Nigeria federal structure, then Delta should be the one you’re parroting as the richest and not Rivers which is probably the third oil producing states at present.
Lekki FTZ was not birthed through Tinubu. It is basically a private investment which the state keyed into. Besides, there are states that had FTZ before Lekki came up one of which was the Tinapa FTZ. So having an FTZ is not an indication of wealth. And like i told you, Lagos has 10% in Lekki FTZ and not 20%.
Lagos is import dependent because its ports majorly handles imports than exports. Most exports happen in Onne ports. Like I already told you and as the northern govs raised in 2022, most of the industrial activities in Lagos is serviced by other parts of the country. For example, a bank with HQ in Lagos will pay most of its tax from VAT and Payee to Lagos while it has staff all over the country. Same with recharge cards. Recharge cards used all over the country will have their VAT remittances paid as coming from Lagos. When the northern govs raised those points in 2022, no one could argue against it which led to the natural death of the VAT argument. If the VAT and payee is to be streamlined in accordance with economic activity, the Lagos revenue will take a hit for it just as it happened in colonial times when compensations for Northern region had to be deducted from Lagos revenue. Lagos is benefitting from South South oil as well while South South basically gains nothing frm Lagos. There is no amount Lagos can generate from tax that Rivers cannot. It all has to do with how tax friendly each state is. Lagos has the highest and toughest tax laws of all the states in the country. You simply cannot use that as a sign of economic prosperity. There's a reason people prefer Canada and US to UK in terms of japa destination

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