₦airaland Forum

Anambralstson:
I believe majority of you guys debating economy with me studied Agriculture and Yoruba language as courses in high institutions

Lol tell us the truth does your wife believe your mumu lies or does she just ignore your foolishness? Im sure she knows you cant help yourself. Anambra no longer 4th highest GDP like you rambling about before?

[quote author=Anambralstson post=88617065][/quote]Lol your wife is a good woman if she can deal with your lies. You're posting random charts to justify obianos imaginary accomplishments. Why not post the gdp chart like you were fond of doing before?

Goke7:
this trillion again

Lol this guy real chest beater. Im sure this is same way he lies to his wife at home. Lol ask him about why Obiano lied about make Anambra the 4th highest economy and he'll start saying some weird lies.

mrvitalis:
Try that n labour would strike

Lol I'd copy Ronald Reagan by firing them and banning them from the civil service problem solved. They can easily replaced with new graduates looking for jobs. You do know the youth Unemployment is over 20%. The overall unemployment rate is over 20% as of 2018. They have no leverage in this job market to push their weight around.

AlfaSeltzer:
Not only Africans. It's everybody including the chinese.

Here is their law:

There is no private ownership of land in China. One can only obtain rights to use land. A land lease of up to 70 years is usually granted for residential purposes. Foreigners who have worked or studied in China for at least a year are allowed to buy a home.


If you love it, make your own law.

Lol Nigerians are a funny bunch. The laws in Nigeria aren't much different from china but you'll see them crying over it. The funny part is Nigerians dont own land either they just ocupy it getting 99 yesr limit. This diffent from freehold system in United States for example where you can own the land forever, along with mineral rights.

A peculiarity about purchase of property in Nigeria, particularly in Lagos, is the Consent Fee. The Land Use Act of 1978 converted all land to state land. Therefore, land cannot be owned privately. Formally, the  state government is the owner of the land and, therefore, any change in ownership or assignment, in case of a lease, should have the consent of the governor. 

https://www.sunnewsonline.com/how-foreigners-can-own-property-in-nigeria/

kikero:
We are living in a fantasy, that we are rich. We are not rich, and our fantasies are making the matter worse.

And the painful thing....we don't want to wake up and put pressure or vote in people who would change things. No, it is better to live in sugar candy land, where everything is provided for us 24//7.

The economic policies Nigeria conducts are just as damaging as corruption. It's pretty insane how the government finds new ways to burn through money. Honestly Nigerians love free bad service instead of paying for good service. My favorite example is the national ID card. Everyone complains the service sucks and they dont get freee card. Nigeria doesn't have this issue with drivers licenses you pay for or passports.

Aside from raising more revenue the FG should cut down the bloated civil service. The eat up over 2/3 of the budget and it's constantly growing. Anytime there's an issue the first thing that will be cut is the meager capital projects budget. It's not politically expedient to cut workers especially when unemployment constantly rising.

The states are also concerning. They pretty much collect nothing choosing to live off federal transfer payments. Alot of states could have higher IGRs than allocation if they collected more taxes. It all depends what services the state needs to provide.

It's amazing how bad Nigeria is collecting taxes. Even poorer states Niger Republic manage to collect more on average. These charts show why taxes are also increasing. The state tax revenue is pretty pathetic as well. If Nigeria were aggressively collecting taxes and showing little to nothing for those tax receipts there would be heads rolling.

Compare and contrast

Front page: Lalasticlala mynd44

If wondering why Nigeria's always borrowing the charts below will give some insight. Nigeria has a revenue problem as stated by finance minister Zainab Ahmed. Nigeria has been notorious for having poor tax collections and policy. The federal government frequently misses its revenue targets. This results in the need to borrow to fund ever growing needs.

Nigeria budgets lag behind other countries with similar gross domestic products like Egypt and South Africa. This means Nigeria has to more with less money percapita. If the country collected the a 15% tax to GDP ratio like the IMF recommends it would be in a better position. Nigeria lags behind its peers in that area and the situation gets worse looking at the states.

The solutions require better tax collections in non oil revenue. It's been repeated ad nauseam the government needs to widen the tax base and diversify the economy. Oil shouldn't be the main export earner. Nigeria should look into tax reforms and economic reforms to accomplish this.

Front page: Lalasticlala mynd44

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wowcatty:
Nonsense! Go and feed that to the birds!

We knew all along that the numbers put out there are a hit job. Yeah right! I'm supposed to believe a corrupt feudal system over the woman who knows her numbers! The former minister of finance said it loud and clear that Lagos and Ogun alone contribute 60% of Nigeria's income and NO ONE refute the claim!

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wowcatty:
You are hallucinating and confused at the same time! You must be taking me for one of you that beat your empty chest to compensate for your insecurity, keep that to yourself alone.

So because the cbn put it out, it's true? I won't spend a minute of my time looking at the trash you posted! Oh yeah cbn is so honest, they don't steal, it's just a coincidence that its governors drive rolls royce on their r.rover salary. You must be one of those who believe everythingi on the internet especially wikipedia. Just shove it, we already have the memo of why Yoruba is being blocked from being the gov of cbn, that's why Adeosun dropped the bomb. Yorubaland has always been the head and since the day of the colonists. The secret is already out, Yoruba's money is what y'all are spending, not oil money though Yoruba own significant part of the oil too.

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Lol chestbeater on the loose. You're citing fictional sources for imaginary events. The CBN is now a hit job because you're dumb enough to believe your own lies. It's hilarious you implying Adeosun the certificate forger is the only virtuous person that worked for the corrupt FG.

Q1 2019 oil represented 61% of Federal revenue. The CBN is citing ministry of Finance figures. It's suddenly untrue because its not run by the certificate forger anymore. Btw clown previous reports said the same thing.

Ps: the finance minister said lagos contributed 55% to vat. Your lies have been refuted.

wowcatty:
What are you talking about?

SW contributions alone is bigger than all other Nigeria regions combined!

Former finance minister Kemi Adeosun said 2 Yoruba states "Lagos and Ogun alone contributes 60% of the Nigeria's income" on purpose to let everyone know and nobody refuted it.

wowcatty:
You are out of your mind! Oil is not the main earner for Nigeria, that myth is long busted! Oil brings some income but can't be compared to what comes out of the two ports alone. Again, over 60% of the money Nigeria spends come from Yorubaland.

Do you guys actually believe these delusions fantasies. Lol I'm just checking because I noticed few likes. Everyone knows Nigeria's revenue comes mostly from oil. I'm glad he brought it up since it gave me a thread idea.

spendoon:
Now guy compere the difference between NW and SW without Lagos in it, probably not more than one billion and it might change the next year and come in favor of the NW

Lol in order to be competitive you have to take out lagos. There's no point to these qualifers except adding handicaps. By that logic FCT shouldn't be counted in north central.

Bump

This is one argument that never made sense to me either. The worst part is people throwing around random stats sbout northern Nigerias agricultural productivity. There needs to be reasonable thread on this breaking down the numbers.

The newspaper also gathered that the Boko Haram group had also reached out to some International Non-Governmental Organizations to seek a deal with the Nigerian government towards granting amnesty to it.

Lol what does Nigeria gain giving boko haram a ceasefire? If they dont want to fight surrender and release your captives.

gidgiddy:
You are completely wrong. In other to blockade an area with thousands of miles of coastline, you need huge warships that can prevent merchant ships on the high seas from entering Nigerias/Biafran territorial waters to berth. Its not something you can do with tugboats or speed boats. Im not sure that Nigeria even has that sort of warship even to this day.

Can you cite any scholarly paper or history book that says the British directed assisted Nigeria? Nigeria obviously had war ships. The biafran navy stole NNS Ibandan. Nigeria could mount blockade again merchant ships because they can simple sink them.

Lol nice hope they film their attacks.

wowcatty:
You are out of your mind! Oil is not the main earner for Nigeria, that myth is long busted! Oil brings some income but can't be compared to what comes out of the two ports alone. Again, over 60% of the money Nigeria spends come from Yorubaland.

Lol is lying and chestbeating about imaginary accomplishments part of your culture? It's funny people are ready to believe any lie because it strokes their ego. Here's the CBN annual report 2018 regarding federally collected revenue. Notice oil is over half like I told you.

Common sense would tell you this but Im guessing it's in short supply. It's oil that account for nearly 60% of revenue for 2018.


https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.cbn.gov.ng/Out/2019/RSD/2018%2520AR%2520KAMA1.pdf&ved=2ahUKEwj98_-xifDoAhUBX60KHZZzC0kQFjABegQICBAB&usg=AOvVaw1yEeGYJzbgupLaJHYUJbcl

Naija9090:
Watch and see

Ok quote me when it reaches half that figure. It's weird you clowns compare a starvation blockade to temporary lockdown.

Naija9090:
That is how Covid-19 will be very effective for starving Yorubas as it's happening now. They are eating rats now

Will 2 million starve to death like what happened in Biafra?

gidgiddy:
Nigeria did not blockade Biafra, they didnt have the capacity. In 1966, the Nigerian Navy was still in its infancy.

obowo69:
Nigeria did not blockade Biafran Waters. The British Navy did.
Nigeria as a young country didnt have a navy or Airforce at that time capable of carrying out such feat.

Both of you are wrong on this point. Nigeria had more than enough power to take out blockade and take out Biafras ships. All the ships Biafra had were taken out by the Nigeria navy not the British. The British assisted by proving arms not by maintaining the blockade for them.

The Nigerian navy was established 1956. They had were prepared to maintain the blockade without direct british support by then. The Britsh supplied ships, weapons, parts but no seamen. If you guys can cite a scholary text that says other wise please do.

obowo69:
Nigeria as a young country didnt have a navy or Airforce at that time capable of carrying out such feat. .

Egyptian and other multinational Airforce did the bombings against Biafra for Nigeria .

Just Few months after the war was over, shell and other multinationals started mining oil fields which Nigerian government gifted them.

Shell was already involved in oil production before the war and during. Nigeria didnt gift it to them for british support. The Nigerian airforce did conduct missions. The also got assistance from allied countries and paid mercenaries.

wowcatty:
What are you talking about?

SW contributions alone is bigger than all other Nigeria regions combined!

Former finance minister Kemi Adeosun said 2 Yoruba states "Lagos and Ogun alone contributes 60% of the Nigeria's income" on purpose to let everyone know and nobody refuted it.

We're talking about the GDPs of Nigeria. Your comment is fallacious because no the SW doesn't contribute more than all regions combined. That should be common sense when oil is the main export earner. Kemi said 55 of vat tax comes from lagos.

Bump

spendoon:
Bros I don't want to start any arguement with the west which I believe is the main agenda of this thread and I also take them to be Ally's here on nairaland but watin you talk there no correct at all

SW is bigger per capita. The SW GDP being bigger in aggregate comment than whole north is wrong. SW is bigger that north regions individually broken up eg NW, NE or NC. Again it's weird to compare one geopolitical region to three.

Mightyhaiz:
so u opened ur dumb thread to gloat over 2million dead Igbo kids?

Who's gloating I just stated facts? I made the topic about the weakness of Biafra's navy. Do you have anything to say about the topic?

Blackfire:
Like I said koronu ronu e.
Keep seeing igbos everywhere on everyone.
Malo ya were o

Lol bleeding vagina get over your persecution complex.

Blackfire:
Like I said , sha don't enter market with this your koronu zeal.Covik 1-9 + hunger + lockdown+ your insanity..Who will cure it. Odabo

Lol go change your tampon please. You're stinking up the room with your stench and stupidity. Afterwards seek help regarding your persecution complex. It's not normal to believe somebody is attacking you all the time. Nobody can discuss Nigerian history without you crybabies losing your minds.

Btw 2 million deaths > covid-19 lockdown. The cure to hunger is letting people go back to work asap. There's no way to bring back the dead unfortunately.

Blackfire:
Igbo this , Igbo that...are you not tired of your bigotry, despite the fact that your real neighbor where you live is an Igbo man.


Let me ask you ,did an Igbo guy collect ya babe?

Omo koronu, ronu e

Lol what's bigoted about this thread? You're senseless and sensitive. Nobody can discuss Nigerian history without bleeding vaginas like yourself whining.

Blackfire:
The same way your region is lockdown....and chaos is unleashed.
Oko Igbo ni iyawo re gba

Interesting 2 million deaths is akin to what's going on now? You guys are a funny bunch.

TheKingIsHere:
Can you leave Niger deltans out of your stupidity?

Lol the idiotic people of Biafra are something else. If they were serious about their goal they would elect representatives like other secessionist groups around the world have. Instead they're constantly crying someone is holding them back. The fools dont want their fantasy Republic.

supercase1:
News from detailed and unconfirmed source have it that buhari used more than 30% of Nigerian oil Wells to sign as garantee for loans china give to nigeria.

Lol typical IPOB bringing made up news to nairaland. This no different from when kanu said sultan of sokoto owns 23 oil well. He never stated where even though ownership of oil wells is public knowledge now.

grandstar:
This reoccuring nonsense is purely Buhari's fault.

At this golden juncture to deregulate the price of petrol and let it be determined by market forces, Buhari is still determined to fix the price. I'm sure Kachikwu is fed up with him.

Kachikwu who Isnt he the one too scared to resign after running his mouth? Lol if he's tired let him resign like man and say Buhari failed policies wont lead us anywhere.

If you look at the biafran Navy you'll easily notice it was outclassed. The Nigerian navy had no issue sinking most of the ships. Assuming Ojukwu was able to protect the oil fields they'd be able to make deals for weapons. It would also have made easier to import food and relief materials.

It was the Army and navy in my opinion that represented the biggest obstacle. The airforce was ineffective and Nigeria had to higher out mercenaries to do missions. The Portuguese and french would have more helpful if the Biafrans actually had money.

Ps: Did you know Portugal printed Biafras currency?