₦airaland Forum

deejay_harry1: i tire for nl pipx ooo.. just as simple as tht, and they are calling avast, dxtool... lol..... smellos

candy: Please, that sounds too harsh to be a joke! He did not gather this experience in one day, why must he rush over it in one day? Besides, the guy actually has a real life outside Nairaland.

OP, I'm in total support of those encouraging you to write a book. You have the skill, you have the story. I have read so much about the condition of naija prisons in dailies but non this explicit. Your story actually brought tears to my eyes and I couldn't even bring myself to see the humor in it. All I can think about is the fate of the innocent ones in there and what they have to go through, especially that Sule guy another poster mentioned.

Thank you for sharing with us, I pray for God's continued favor and protection over us and our family members, in Jesus name.

experimentist: Make una no vex abeg I go update for night around 11pm..

Olayinkaoj: stop d curse pls. The narration may seem sweet but d experience was not palatable. There is power in words we speak pls

tensor777: Look the point is that Yakubu Gowon needed to raise money urgently in 1966-67 to prosecute his stand-off with Emeka Ojukwu. So he went about raising 3-month and I year treasury bills which would be paid off at maturity.

There is also the fact that Gowon could not have full access to the Oil until Colonel Adekunle's 3rd Division had captured Port Harcourt in May 1968. There is no way oil could have been a top earner for the Gowonian regime in 1967 because Ojukwu had already seized the on-shore oilfields before the shooting war started and held on to them forthe rest of the year.

The point I have made all along is that that singular achievement of Adekunle marked the end of the war as a strategic contest and that Gowon could fully equip and maintain his 3 divisions until CDS Major General Effiong's capitulation to Colonel Obasanjo at Amichi in January 1970.

Another point is that the Gowonian regime had other revenue sources apart from oil and cocoa. These include export duties on oil palm, rubber,cotton groundnuts Companies Income Tax and Capital Gains Tax. But for the years 1968, 1969 to 1970 oil was top of the list

Katsumoto: Do you also have comprehension and reading problems?

I didn't join the debate to prove cocoa funded the war. I merely corrected Tensor who made a wrong claim.

The person I corrected was smart enough not to belabour the point. Only dullards are setting new questions and answering it themselves.

Was Oil a major contributor to Nigerian revenue during the war, the answer is an emphatic NO.

superstar1: which site can be more factual than the cbn report you provided which clearly showed that oil did not finance the war.

if oil did not financed the war, what financed it? Definitely we are an agrarian country before the advent of oil. By simple reasoning, agriculture the major foreign exchange earner and T-Bills finaced it. simple as abc.

Katsumoto: Keep quiet you ignorant buffoon.

The debate is not about what was the MAJOR source of revenue during the war; it is about oil not being the MAJOR source.

Oil became the MAJOR source of revenue in 1970, after the war.

You better find your way to a classroom.

Katsumoto: You are a donkey.

Is 30% major in your village? Can 30% be greater than 70%? If you don't know that maybe you should go back to school.

The war ended in January 1970, the revenue of 1970 can't be included you doofus.

GTFOH

Katsumoto: I read it three times just to be sure there wasn't something I was missing.

I made a point that oil was not a major contributor to Nigerian revenue. In 1970 it was just 26%.

And what does the dummy do, he provides stats to prove my point while thinking he is disproving my point.

That is what happens when men get emotional and go sniffing other men's nuts.



Ndu_chuks,

Please add that your gif of the dog doing a ROTLMAO.

Katsumoto: Can someone explain to that dullard ACM10 that he is confirming my position that oil was not a major contributor to Nigerian revenue during the civil war?

I think he can read but he can't comprehend.

Katsumoto: I have been cordial to you in the past; I do not understand the unnecessary attack on my person.

I stated factually that Oil was not the major source of revenue in 1966. See below

'The rapid growth of petroleum revenue in the 1970s removed most of the severe constraints placed on federal and regional or state budgets in the 1960s. Total federal revenue grew from N306.4 million in 1966 to N7,791.0 million in 1977, a twentyfivefold increase in current income in eleven years. Petroleum revenue as a percentage of the total went from 26.3 percent in 1970 to more than 70 percent by 1974-77.'

http://www.photius.com/countries/nigeria/economy/nigeria_economy_government_finance.html

Even as at 1970, Oil only accounted for 26% of total revenue. Your guess is as good as mine with what the percentage would have been in 1966.

ndu_chucks: @ACM10, I did not think I'll see you agreeing with the following statement without throwing a tantrum or yelling revisionism. You seem to be coming around.

Orlando Owoh: If Adewale Ademoyega didn't suspect his Igbo friends made it an Igbo coup why did he fight Emmanuel Ifeajuna in the prison?

Orlando Owoh: This is your problem, always jumping into conclusion without reasoing. Katsumoto never said Nigeria didn't get revenue from crude oil in the 1960s, but that it was not the major source of revenue. There was cocoa in the west, oil palm and coal in the east, and groundnut and cotton in the north. My friend, it's hightime you visited your grandmother's village for those books.