₦airaland Forum

vicdom:
If you know Fergie001, he doesn't give fake information and he's not bias.

I hope so.

Na Labour and PDP teach us this thing

Even at tribunal everyone is claiming they won.

Haba

fergie001:
Iamgrey5:
1. Co-signing does not invalidate the tribunal judgement
2. Payment of fees late for the CTC doesn't either.
3. Adeleke did not forget certificate

Ok the main thing is that Over voting Area.

fergie001:
They are still on it.

Ok..

fergie001:
Preference of server report over BVAS machine report is wrong.

The tribunal erred. BVAS machine is the Primary Source.

Who won the case of over voting?

fergie001:
This is wrong and you know it.

Who won?

Ceenaija:
Tribalism has beclouded your reasoning. You thought that immediately you introduced tribalism,many people (tribal) will agree with you

Where exactly was that comment tribal?

Lol

We have seen enough manufactured news before the election.

Buhari voted for Tinubu and he won Buhari's Local governormnent area by a lot.

As an Obidient who supported this policy before the election and supported Emeifele.

Banks give me 10k with the account balance of just 2k.

They add 8k to my account

New Nigeria

ESDKING:
Tinubu won only three states in the NE and NW ..

Tinubu won Jigawa, Zamfara and Borno.

Workch:
you cannot estimate anything.

You can simply get the consumption of any sector my looking at the VAT coming from there. You cannot get that of open market.

It's unestimatable.

How do you get the investment of an average trader in Onitsha? tell me.

You can always estimate by carrying out a survey.

It is the same technique used to carry out a survey for a presidential poll, it's not 100% accurate.

Workch:
How will get the consumption and investment figures contributed by LADIPO market?

Consumption is hard to Calculate so we just estimate as long as it statically acceptable for the level of confidence.

Investment is much easier.

Workch:
tell us the formula

GDP = C + I + G + NX

C is for consumption

I is for investment

G is governormnent spending i.e budget

NX is net export ( this is should be in the negative for Nigeria)

Nigeria imports more than we export.

Workch:
There's no way to know it.

Economists don't bother themselves about it because there's no data to work with

You can only work with what you have and not making up fictitious figures. If I import a product and sell without VAT, how do you want to know the market where it ends up and how I sell it?

I am an economist and we do alot of estimations in economics when we are not entirely sure of the figures.

Infact 90% of social sciences is based on estimation because everything we do is empirical research not Experiment.

okeysoninv:
let me ask you can you give me the formula to measure GDP.

GDP = C + I + G + NX

C = consumption

I= investment ( Private and public investment)

G=governormnent spending ( budget)

NX= net export

Workch:
lol, I do not need all these your statistic to know the value of goods and services coming out of the sector, I ca only look at the VAT to arrive at it.
For open markers lol LADIPO where VAT is not paid, you will never know

look the Nigerian informal sector is big and commercial activities are determined by estimation with the help of traders.

That's what I have been trying to tell you since morning.

Workch:
What data are you talking about?

The value of goods in shops and warehouse or the amount of sales they make per day?

What useless statistics can capture that?
We do not have the structure in Nigeria to know this.

Before rebasing our GDP by the Goodluck in 2013, they went through several survey to capture the True nature of the Nigerian economy.

They carried out research to determine the highest contribution to our GDP.

They simply make an estimation since then largely based on governormnent spending and money in circulation.

Workch:
okay, so you think Nigerian government usually go to marketz to carry out survey on each shop's financial records and flow of goods and services? 😂

They only take a sample size that is statistically going to give them a 90 to 95% accurate rate(level of confidence) of data. They don't have to go the entire markets.

Empirical research in social sciences is carried out like that too.

Workch:
How will know the sales of market that leaves an open market in Nigeria? Are you reasoning?

How do you know the value of good and service in LADIPO market? When most of the services are not properly documents, and government do not collect data from traders to value their transactions?

By asking the markets owner directly. The estimation of goods in the market.

Isn't that why we have market leaders.

Workch:
I will give you another example.

To know the how much the telecommunications industry contributes to the GDP, you need data from all telecommunications sectors. You even need the actually value of big telecoms like mt, airtel etc to be able to know how much that sector contributes.
If you do not have data form MTN, you cannot know how much MTN contributes to the GDP of this country.

If you do have data from LADIPO market, you cannot know how much ladipo market contributes to the GDP of lagos state frm the commerce sector.

You can do this by carrying out a survey from the business owners themselves.

Do an average in the receipts of transactions from the markets.

GDP is an estimation not a perfect reflection.

Workch:
Dude, you don't know anything about GDP.
Bring it down into industry means that you will need to know the value in terms of financial flow, product and service that this sector provide.

It means that, you need data to be able to evaluate such. Even in the agricultural sector, for states where there huge subsitent farming, and sells of farm products that goes to open market, those service are usually not captured in the GDP.

So how to you Wan to measure the commercial contribution of a market in commerce sector when you don't have data from that market?

You think the figure comes from think air? They collect data, analyze it then conclude. The result depends on the data available

@ emboldened

How exactly was this different from what I wrote

I said you look at the industry as whole not a single market.

They look at consumption by evaluating house hold consumption, Government consumption

They look at receipts of sales of from markets and make an estimation on the sales of the markets in that location

I already talked about Agriculture in my first post.

G00DHardDick:
Unfortunately, if another person had said this same thing kemi said about a particular candidate, I'm very sure hell would've let loose!

Dude if the drug lord had done anything for you and your family, pack your family go to his house and thank him there.

No one really cares about opinion than the Obidient mob.

You know this.

Workch:
give e formula on how you can determine the GDP contribution of for example LADIPO market to Lagos state.

Please kindly tell me how to will collate the data from LADIPO to value it

They don't need to determine the GDP of ladipo alone. They break it down to industry by industry

We have Telecommunications industry

Manufacturing industry

Commercial and Trading you industry

Agricultural industry

Etc.

I don't think you understand economics..

We have GDP gross domestic product which is the total value of goods and services produced in a geographical location.
Now every single economic activities is captured in the GDP. It's also much easier to capture commerce and manufacturing in the GDP than most industries like subsistence Agriculture.

We also have GDP per capita; Which is GDP divided by population: This often determines living standard of a place. It is why Nigeria has a higher GDP than South Africa while they have better salaries and living standard than Nigeria.

NB: there are also many things that determines living standard that the GDP can't capture.

Mikeloo:
Bro, every media houses have political/ personal interest. Did you notice yesterday that while other media houses carried the live interview of Gov. Wike with journalists, only ARISE News were showing Tony Elumelu's birthday symposium. The reason is not farfetch because of the personal rift between Nduka Obaigbena & Gov. Wike

I really thank God you acknowledge that Rufai is a political journalist..

Of Lagos

Continue spreading fake news

The thugs will have attacked anyone that is not for them, regardless of tribe.

If you like continue to live in fear of your shadow in Lagos.

G00DHardDick:
It appears the average Yolubba is extremely stupid and senseless.

If the drug lord has done anything for you and your family, then pack your family, go to his house and thank him there. Why are you Yolubbas this stupid like the one above me?

From your comment you will realize that your tribe is likely the stupid people.

I can't recall where Kemi forced you to view her comment praising Tinubu or appreciating Tinubu.

colorsofrainbow:
He's not supporting any particular interest. He's simply against criminality ongoing in the polity which u strongly support. So as long as he's against criminality,he should appear biased to you.

The day he starts supporting criminality,he becomes your hero

He supports the opposition while minimizing whatever bad the opposition does while maximizing whatever the leading party does

He asks soft ball questions from opposition guest while Hammering leading party guest..

He doesn't even hide his bias in his monologue where he often praises opposition and question the leading party..

Mindlog:
While TVC is what?😆😆😆

Yes TVC is a media wing of APC, nobody is ready to deny that.

However, many of you refuse to acknowledge Arise is PDP.

Mikeloo:
If you watch US journalists interview on CNN or Fox News, you will know that Rufai is more refined. Though himself is not perfect. He sometimes allow emotions which is common to most journalists in some interviews

I think ARISE News will not allow him go except maybe pressure from higher authority like the case of Diplomatic OPJ of Wazobia FM. I bet an international media firm will employ him the day he leaves ARISE News

CNN is a partisan news channel, same with Fox news.

I don't think you understand how to spot bias reporting and Leading questions.

Watch BBC hardtalk to understand what true journalism is all about.

colorsofrainbow:
The day he starts singing thiefnubuu's praise,he automatically becomes your hero

So you agree he is baised

Ginomel:
The guy is very seasoned in just a little time.

He will go far.

The guy is a disgrace to journalism.

He is the most bias journalist I have seen in a while.

He acts like an unofficial spokesperson of opposition, his knowledge of history is extremely weak.