₦airaland Forum

babadee1:
Very easy. Manufacturing is one. The entire Chinese economy rests on manufacturing and they are almost catching up with US in terms of the size of their economy. Another example is IT. That is the backbone of the Indian economy today and they're doing very well.

Good


All wealthy nations are industrialized and agriculturalized nations

J12:
Mention a sector that is capable of generating more revenues than the oil and gas sector?

See the word I used

Other sectors

That is to say collectively they will dwarf the oil and gas sector


Eg Manufacturing and Agriculture if fully developed and exported, the earnings that will be realised will surpass oil and gas

Japan makes more money from manufacturing than Nigeria makes from oil and gas

Malaysia makes more money from palm oil sales ALONE than we make from oil and gas. Now imagine if other agricultural products are fully developed in that country and what it will be contributing.

Give boys money to mobilize them



Rotimi wasting Rivers money on a wasteful project

kettykin:
The issue is how will the revenue from these new golden eggs be shared , oil revenue was shared with 13% given to the Niger delta states as host states.For manufacturing, agriculture and services what will the hosts state get , what will Niger delta get and will population still be a parameter in the distribution of other people's wealth , what happens to the jokers who became over night billionaires no thanks to the Niger Delta oil wealth.

Will the hardworking igbo trader part with his profit to be used on some almajiri or will the hardworking northern farmer use his wealth for the repair of third mainland bridge , will other Nigerians allow their company headquaters based in lagos to be milked by the lagos government in the name of annual registration fees and multiple taxation, will the hard working igbo importer allow Area boys to extort money from his boys when a container lands in lagogs all in the name of settlement

Gbam

True federalism is the way forward

babadee1:
The only golden eggs that we need are the brains that God has given us. China, Japan, South Korea, Singapore, Malaysia etc. All those countries have no considerable natural resources. How did they manage to become economic success stories? By using their God given brains. Human resources is all we need nothing more. In my opinion every state should control their own natural resources and only need to pay taxes to the center. The federal government should begin to focus on developing human resources and policy.

God bless you

In the 1950s and 1960s

Nobody heard the words Economic Diversification because each region depended on their own resources which they developed as a result of the national fiscal system we operated

J12:
Oil still remains our golden egg even at the current low price. No other sector or industry can give the country that much revenue without much stress. Besides, the current downtrend is only temporary.

Wrong

Other sectors if fully exploited will dwarf oil wealth.

The solution GEJ is applying is diversification method based on FG effort which is partially right but will be completely right if States and LGAs are rewarded with a greater % as FG hands off to become beneficiary of the other % once the rest is shared between FG States and LGAs

san316:
Do u not think it is now high time we started working on those sectors and ignored oil revenue? for Gods sake, our budget is still based on oil benchmark

Its time we enthrone true federalism

When each State and LGA is encouraged to keep 50% of whatever is generated within her territory, they will br forced to develop their golden eggs transforming our economy to that filled with golden eggs.


We can start by insisting that 20% of all royalties and taxes generated within a State stays with the state.

Then this 20% should be increased by 1% every year until it gets to 50%.

This will take 30years which is enough time for all States to adjust themselves.

tonychristopher:
Buhari wants to implement a socialist economy with money from Niger Delta after chasing away their son

How possible can that be

He is not winning anyway

That's the most funny thing of all


He thinks if GEJ losses, oil will keep flowing when he sends in soldiers

Unknown to him, OBJ the proud ..... did it an failed.

san316:
I just want to ask a question. the SS sure lays the golden egg in Nigeria. However, Oil prices are becoming incredibly low of recent with no signs of improving. This invariably means a serious decline in oil revenue.

What will now be our golden egg and from where will it come?

Nigeria has so many golden eggs eg

Agriculture

Mineral Resources

Manufacturing

Human Resources

Tourism

Etc


What is hindering our national development is absence of True Federalism.

barcanista:
Ofcourse I don't, neither will I defend mismanagement

Under GMB control of PTF there were accusations of stolen money/ inflated figures although it was said Buhari was not involved.

Barcanista

The problem as stated by WhiteTechnology is

More of a faulty system which is prone to corruption. Which is why he insisted on True Federalism and Publication of institutions activities for public scrutiny

WhiteTechnology went to the point of using the case of Jesus and Judas. That if Judas was asked to give daily account of his activities, that

1) He would have find it difficult to steal

2) He would have being caught if he had continue with his evil practice.

NB He said unlike the disciples Jesus knew because he had divine power but didn't stop in order to fulfill prophecy and also to teach Christians the need to make auditing of accounts compulsory if they desire to catch the Judas amongst them

So you see WhiteTechnology is right

This shows that if Buhari fails to apply the proposal suggested by WhiteTechnology, people will steal undetected by Buhari.


My friend the way forward is


TRUE FEDERALISM

AND

INSTITUTIONS PUBLICATING THEIR ACTIVITIES SO THAT THE PUBLIC CAN SCRUTINIZE THEM.

Aloralord1:
Better to put it that way than say its not possible.. BTW, did GMB say job creation isn't part of his manifesto? I'm sure of one thing, Buhari can't be worse than Jonathan no matter what some people say.

It is not sustainable

But

Wiser if it is used to encourage proliferation of businesses that will employ them when they grow up and become investment pools for their money.

saaedlee:
Oh Yes; #ThingsMustChange

Gbam

And the change starts with due process

Buhari the law demands your certificate

---

Sir

Where is your certificate.?

Quota system is institutionization of corruption which deprives the best and enthrone the worst


Pls show us your certificate

Which spirit told him what


Check well because Satan can influence the mind

Doyin2:
$20billion =N3.4trillion

N5000 x 25000000=N1.5trillion


#Where is our $20billion?

The days of OWAMBE and RAKA DEDE is gone for good

Guy

Go work

Ask for jobs and not food

Very soon you will ask govt to give you free pants

ramdris:
Though I don't like dis guy bt all he said were facts. GEJ government is the most corrupt in the history of this.great nation.

See your small brain


If others had passed FOI bill earlier, you will be calling GEJ a people's man

NO WORK NO FOOD[color=#770077][/color]

temitopeadeyemo:
Yes, I got the calculations wrong. 1.5 trillion for the poorest in the land is an investment worthwhile. The kids will go to school, be immunized and young Nigerians will be trained. These people will become competent and productive citizens. They are mostly likely to avoid picking up arms against the state and can meaningfully contribute to the development of the country. I fully support this programme. Only a handful rich have had access to the country's wealth through stealing. The money stolen so far in Jonathan's adminstration alone can sustain the programme for another at 10 years.

vantage7:
PDP has raped this country to the extent of making Nigerians believe their country cannot have the funds to sustain ordinary unemployment benefits programs like this (which many countries of the world have including the US and UK). Sad. What if I tell you that based on what the government of Nigeria actually ought to be earning from all its sources of revenue, a 4 trillion Naira annual budget is a massive travesty? You will be surprised how much extra Nigeria will earn by plugging the bleeding due to oil theft alone (a term that only exists in Nigeria) even at low oil prices. Then you have government overspending. A simple case in point was when the late Yaradua planned to spend about 62 million for the 50th anniversary celebration in 2010 and oga GEJ during whose tenure it took place spent 10 billion! And then you have corruption. And stealing .

Aloralord1:
You are the pathetic one here. All uve been saying is that it isn't feasible. Until GMB gets there, its safe to assume its very possible. How many billions of dollars has GEJ squandered? U wanna tell me blocking those loopholes can't fund these programs?
You are hellbent on ridiculing Buhari's manifestos; be sincere, what is in it for you? You are obviously a paid agent. Must everyone join u in bringing down GMB because u claim to know economics? I insist that its doable. Those who know Buhari knows he means whatever he says.

Use that money to create jobs for them. So that when the grow up , they can feed themselves and contribute to national wealth

sukkot:
this guy you be real illiterate. how did you get trillion from multiplying 25 million by 5000 ?

Olodo

#5000×25mil= #125billion per month =#1.5tr per year


Guy go back to school to learn maths better than before

sukkot:
whats grandiose about it ? if he gives 100 million poor nigerians 5000 per month, thats only 50 billion naira per month. gej and frog eyes diezani and iweala steal more than that in a day

Olodo

100Mil people × #5000= #500b per month

And = #6tr per year


Sey you pass maths for waec

londoner:
Exactly, the only way it will work, is if ALLworking Nigerians and businesses pay tax. Thats how it works in other countries that have welfare systems. Buhari is not going to tell Nigerians that they will start paying tax. They wont vote for him.

He also will not go into details of how the gov will define "poorest families" and how the money will get to them. Will it be poorest in each state? and how will we get to know who those families are? Read about how other countries get to pay welfare to people. It is actually a system, with offices, employees, websites, job and training assistance.

They can verify when someone qualifies for it (through gov id number) and when they stop being eligable to recieve payments.

Do we even have any of this in place? How will this work in practice or is he just building a government funded aljimiri system?

Will he just trurn around and say the poorest region is in the north, therefore the 25 million poorest families must be there?

We do need a welfare system, but we dont have the system or the money to support one. Funds and effort should go into building one. I think people do need money, but most people are potential taxpayers and need a hand to do that.

Put that money into creating jobs, training and setting up viable businesses for the poor and disenfranchised. That would be money better spent.

God bless you.

Eya why

Hope not Hiv Aids or Ebola


Bye comrade.

FolarinLondon:
All you need for these proposed developments are right people for the jobs. Nigeria has enough money to do this...

Adminisher

Santori

barcanista:
I can bet you you have limitedd understanding of economic system. I laugh at you guys that are arguing blindly. Let me repeat myself, a welfarist state is 200% feasible as long as we have the right fiscal policy in place and it is followed to the letter.

Our dwindling national wealth and growing population can't sustain socialist welfarism

Do the maths yourself


Now Nigeria earns at most #5tr every year

Divide 5 000 000 000 000naira ÷ 170 000 000 people =# 29,411 approximately #30k

Each person #30 000 per year or #2500 per month

Can you survive on that amount.

santori:
it shows Nigerians has been deprived of good things of life for donkey years,eeeeyah how I wish some of you can get the opportunity of leaving the shores of this country for at least a week , then you will understand the reasons for having a government.
SMH

We want capitalist welfarism which is productive

kennytidistar:
jonathan is already doing this surep. this buhari no get new idea at all

The guy should take care of his cows


Thank God people are seeing the empty ness in him.

Montaque:
The more reason why this man should tender his certificate. Politics without long term ideology.how long will u feed the citizens?
Some of us know how Rochas implemented his own in Imo state,leading to state bankruptcy.
Continuation of feeding-bottled federalism.
This is not change as preached

Gbam

Rochas comes to mind

barcanista:
guy I have engaged some people on this before, I wouldn't want to go back. Like I said, Welfarist state is very feasible. It all depends on fiscal responsibility of the government.

Socialist welfarism is not sustainable

That's why socialist states failed


Capitalist welfarism is what you should advocate for

FolarinLondon:
Hahaha lol!!! My brother, thank God for your life and continue to count your blessings. Fingers are not equal and no society can't do without people that would fall back on welfare packages when the need arises..........
Even almighty US, UK and the rest are surviving today cos of welfare system, otherwise...........
I pray you won't get there to know this.
Enjoy your day.

FolarinLondon:
Hahaha lol!!! My brother, thank God for your life and continue to count your blessings. Fingers are not equal and no society can't do without people that would fall back on welfare packages when the need arises..........
Even almighty US, UK and the rest are surviving today cos of welfare system, otherwise...........
I pray you won't get there to know this.
Enjoy your day.

Read Rich dad Poor Dad

It will help you see the error in socialist welfarism

revolt:
I thot ur support for this lousy plan was jes partisan politics at play but now uve cleared al doubts.

Now juxtapose the eu members and nigeria.

Most EU members have a multi faceted economy and thrive in all sectors.
have a less corrupt civil service and accurate statistics for budgeting.

Have successfully implemented various subsidy programs without rattling the economy. Etc etc etc

Now look at ur country....
Its monolithic and is on the verge of loosing its major source of revenue, the oil wells are still same we've fed off since the 70s. Its depleting rapidly.

Your govt has failed woefully in implementing all subsidy programs eg petroleum, power, water, health, courier!!!! It goes on and on. Thanks to federal xter n quota systems the civil service is irredeemable. Now in our grounded situation and inability in funding recurrent expenditure, ure welcomn more subsidies. I mean uve nt realised it always ends up in the wrong benefactors pockets to the detriment of our economy.




Please also go and read up why GREECE died .

God bless you

Greece a typical example of a failed welfare state

abdulll6afh:
All those who comments on this topic are animals I don't know when the southern people will be wise enough u as southerners can U people show one good achivement that jonathan brought to your fucking region let's say buhari have certificate how did he contest previous election without certificate. If he can speak english and represent nigeria that all buhari can speak english morethan southerners. IS southerners that spoil english language in nigeria they bring in pidgin and brokin english to this country we se many southern copers speaking pidgin in norh

How your cows

Wake up

We don't want Raka dede