₦airaland Forum

Heh.

Between this and the worsening exchange rate, crazy risky investing in the naija stock market.

https://i52.tinypic.com/106ewds.png


Hehe

Inevitable.

   Decreasing value of oil on the international market (i.e., less hard currency being brought in)
+ profligate spending by the FG (70%+ recurrent expenditure)
+ country that doesn't make anything
= weakening currency

depressing

subscribing

And may the mods not move this thread into purgatory the money/business section

Anyways, all of this amuses the hell out of me. Mostly just for sh1ts and giggles.

Everyone is entitled to believe what they like about the economic strength of their zone.

But me? I get daily reminders about how my beliefs are almost certainly truth.

E.g., this screen capture grabbed from skyscrapercity.com:

http://i53.tinypic.com/2kjy9y.png

[quote author=South-East link=topic=773413.msg9282993#msg9282993 date=1317839006]I meant GDP is not = to low poverty; sorry for the error
Private industries will not be considered, I am sure, because those who compute GDP will rely on their owners to provide the basic data as to how much they are worth. No Nigerian middle-level private business man will do that. Most will claim they are poor to evade tax and all that.

Most GDPs except Lagos (because of more organized industries with accurate record keeping) will be 100% fed allocation, otherwise how can those impoverished northern states beat many southern states?[/quote]So your hypothesis is that poor record keeping means that state GDP data is useless except for Lagos. But poor record keeping doesn't affect poverty stats?

OK, let's temporarily accept your hypothesis that we shouldn't accept state GDP data.

So why should we accept this poverty data? Actually before you even do that, can you explain how it is calculated?

SE, how is poverty being calculated? Mathematically? I hope you see that if it is a SD/Mean sort of calculation, then it is definitely not the usual sense in which people say "poor" or "rich."

[quote author=South-East link=topic=773413.msg9282961#msg9282961 date=1317838693]No. It is equal with SS- 3 of 3 out of 6 of 6 in each case, no?[/quote]My fault, you are correct. 4 for SE, 3 for SW and 3 for SS. I neglected Edo in the SS.

[quote author=South-East link=topic=773413.msg9282951#msg9282951 date=1317838583]How does that relate to poverty levels which is what I am talking about here?

How can the GDP of Osun (no single viable industry) beat that of Anambra (with many industries,albeit private not considered in the GDP measurements) if not for fed allocation? Fed allocation = low poverty, Got that?

All poverty data supports me. Shikena[/quote]1. When did private industry not get considered in GDP?
2. What % of GDP is fed allocation?
3. When did fed allocation = low poverty?

I suspect that you have no clue how they are even calculating poverty. And if you do, then kindly state the definition they are using explicitly.

[quote author=South-East link=topic=773413.msg9282932#msg9282932 date=1317838324]Who says it is the poorest? The North is the poorest, but the SW is poorer than the SE despite:
1. Greater allocation from the feds
2. More billionaires in the SW than SE

It is BTW, 30% of 10 states only, though I understand what you mean.[/quote]By that list, then the the SW is also less poor than the SS, is it not?

My suspicion is that they are using a sd/mean sort of calculation. Which is misleading, as this post (https://www.nairaland.com/nigeria/topic-773413.160.html#msg9282881) showed.

Anyway, 2nd lowest poverty rate in Nigeria + 2nd highest GDP (after SS) is fine by me.

[quote author=South-East link=topic=773413.msg9282918#msg9282918 date=1317838172]Back to GDP again? Na waoh! GDP money wey dey for only 3 persons hands while 40 million suffer. My friend you disappoint me. kAI!!![/quote]Do you agree that GDP/capita is higher in the SW than the SE? Or better, can you find a single organization or piece of data that suggests otherwise?

We can return to the discussion of how evenly wealth is distributed (variance), but I don't want you to be dancing back and forth between mean and variance trying to confuse the issue.

So again, do you agree that the mean income is higher in the SW than the SE? And if you do not, provide a single bit of evidence suggesting otherwise.

@ch101: Even using that list, 30% of the least poor states in Nigeria are in the SW.

So how can it be the poorest region, even under whatever definition of poor they are using?

GDP of the SW, as measured by every organization I've seen is way higher than that of the SE.

Even adjusting for the higher population of the SW zone versus the SE, GDP/capita is higher.

I'm pretty sure I've calculated this on NL before. Google NL for the thread.

For all we know, the two zones statistics look like this:

Zone                            SW  SE
Mean income                     X   .8X
standard dev of income          Y   .7Y

and they conclude that "poverty" in the SW is higher because Y/X > .875 Y/X


But most would choose the former zone over the latter any day of the week.

It depends on how the poverty statistic is calculated.

If they are looking at some sort of mean+variance thing across each state, then your typical dude in the SW might be better off than your typical dude in the SE. But he is being compared against rich dudes in the SW, while SE guy is only being compared against rich dudes in the SE.

I dunno why the Nigerian FG is lying to Bill Gates.

A 200 year deadline or 2000 year deadline is more realistic than a 2 year one.

Polio will probably never be eliminated from northern nigeria

5 October 2011

The Federal Government has set another two years for the eradication of the obstinate polio virus from the country. This happened when Microsoft chief and Chairman of the Bill and Melinda Gates Foundation, Mr. Bill Gates, led his team to pay a courtesy visit to President Goodluck Jonathan at the Presidential Villa, Abuja on Thursday, September 29, 2011.

An elated President Jonathan thanked the current richest man in America for his interest in the wellness of Nigerians and disclosed that his government would soon set up a team to oversee a rejuvenated campaign for the total eradication of the menace, which leads to the crippling of its victims.

Explaining further, Jonathan told the visitors: "I can assure you that we will work very hard on polio with the objective of eradicating it in the next 24 months. It is now limited to about six states and eradicating it within our tenure is a goal we will pursue with full commitment."

Indeed, the Bill and Melinda Gates Foundation has shown an abiding interest in the fight against many afflictions in Nigeria such as malaria, HIV/AIDS and now polio with the infusion of a large portion of its multi-billion dollar vote for charity around the world. Bill Gates and his wife are therefore following the worthy footsteps of former American presidents, Jimmy Carter (who for more than two decades, committed himself to the now eradicated guinea worm scourge) and Bill Clinton (who has been associated with the fight against HIV/AIDS, especially in Africa).

Bill and Melinda Gates are shining examples of philanthropy, the spirit of giving back to humanity, especially the less privileged, from the abundance of their material accomplishments. After conquering poverty through the pioneering of the Microsoft revolution that set the pace for a new world order dominated by the Information and Communications Technology (ICT), Gates addressed his uncommonly febrile mind to the conquest of health problems that plague humanity, especially the poor.

Our "money-bags" have a lot to learn from the likes of Bill Gates and put in more efforts to reduce social challenges that the poor, women, children and youth suffer in our society. They should turn greater attention to corporate social responsibility activities to support communal development, education, creation of gainful employment and the promotion of sports.

Bill Gate's initiative also places a lot of moral burden on governments at all levels, especially in the polio-endemic states of Northern Nigeria. Due to massive campaigns starting from the middle of the 1980s, polio, which is one of the six common childhood killer diseases (the others being whooping cough, diphtheria, tetanus, measles and tuberculosis) had been all but eradicated from Nigeria.

However, the effort suffered a serious draw-back in the early 2000s when some politicians, traditional rulers and community leaders introduced religious sentiments and some states in the North decided to stop the vaccination of children. The scourge, thus made a dramatic comeback. Only goodness knows how many more Nigerian children have become victimised as a result of this reactionary measure, which eventually was rescinded with vaccination efforts fully resumed.

The case is compounded by the fact that our borders, especially in the North, are so porous and foreigners from Chad, Niger Republic and other Sahelian West African countries come in almost at will. Foreigners from these countries which may not share the same level of commitment to the elimination of these diseases flood our country and re-introduce diseases already on the way out through our modest efforts.

It therefore behoves governments at all levels to work closely with traditional and religious leaders to tackle both the disease and its human vectors from foreign land.

We hope that the committee the President promised to set up will be able to go beyond the tepid routine for which government committees are known in Nigeria. The fight against these common childhood killer diseases should involved universal best practices that have worked in other countries. The World Health Organisation (WHO) has developed models that have worked in other countries. Let us put them to work for us.

The two-year deadline for the kicking of polio out of Nigeria is a challenging target. The world out there and Nigerians as well will use it to gauge the capacity of the President Jonathan regime to govern effectively.

We must meet this target, at least to justify the hand of friendship and assistance extended to us by the Bill and Melinda Gates Foundation.

http://allafrica.com/stories/printable/201110050722.html

How do we prevent these government housing estates from turning into slums like the ones in France, the US, etc?

Good move, but will need to be monitored and managed carefully over the next 20-30 years

I just want to know how the SW can be a poor zone when 30% of the states in the top 10 are in the SW

This is the problem when people want to play funny games where they don't show you all the data and interpret the bits they show you in a screwy manner

These games might work on others, but they don't work on me

South-East:

[quote author=ekt_bear link=topic=773413.msg9281875#msg9281875 date=1317828124]https://www.nairaland.com/nigeria/topic-773413.128.html#msg9278672[/quote]

This is one thing that scares me about women/marriage/kids

Not gonna lie, I wonder whether I'll still be attracted to my wife after pregnancy

This discussion has gone on too long. In a nutshell, nobody should be above the law. Simple.

hmm

Ayowumie:
Based on the premise that there is no one born before 1900

No. It works regardless of the year you were born. I just chose 1900s to illustrate concretely.

:]

[quote author=Jenifa_ link=topic=430210.msg9278096#msg9278096 date=1317783266]I hope once this one has been constructed ( by the chinese), we can learn and construct the subsequent ones ourselves.[/quote]A good hope. But how does one make it a reality?

Nchara, from your link:

In contrast, Bayelsa, with the lowest population figure in the entire South, tops the list of "10 states with the lowest incidence of poverty (Richest States)".

In economic terms, Bayelsa State has the highest per capita income rate in the country followed, interestingly by the politically traumatised Anambra State.

Abia State, comes third, others in this category of "Richest States" are: Oyo, Imo, Rivers, Enugu, Ogun, Osun and Edo.

So in other words, Oyo is 4th, Ogun 8th, Osun 9th in this list? The only SS states above Osun in this ranking are Bayelsa (questionable, given other employment data we have) and Rivers?

So how on earth can the SW be the poorest zone? My suspicion is that if it is, the poverty is concentrated in Lagos. And they use some funny definiftion of poverty that measures income disparity within a state. So that a man is poor relative to the wealthy in Lagos doesn't mean that he is poor relative to your average Nigerian.

This is why I wanted the full list and how they define "poverty."

Koruji of all people, an ethnic bigot?

Lmao

Gbawe of all people, the same?

Neither has done even anything that one could mildly consider racist on this forum. Unlike Eko Ile and myself.

At some point, when you use incorrect words to describe a situation, those words lose their power.

May as well be calling Mother Theresa a fascist, lol

I have never seen a comprehensive list by state. If someone can find it, kindly post. My googling of NL turns up nothing.