₦airaland Forum

IgboTyphoon:
The last paragraph shows you missed the whole debate here. The second paragraph is just lies. Not factual. The first paragraph does not follow

Lecturer. Don't teach iPob nonsense

IgboTyphoon:
Olodo is the question why States/ politicians claim they collect taxes? Or is the debate that high IGR does not mean high productivity ?

Economic productivity has to do with competitive & comparative advantages, efficiency, availability of means of production etc.

This is a pure economic debate. End of story. You keep dabbling everywhere

The competitive advantage (bigger economy) we have draws more people. It's no secret that the SW draws the most immigrants across the country and the need for the indigenes not to migrate enmass internally. It is also reflected in the share of GDP the area controls which also reflects in state governments ability to generate meaningful revenue from the region.

In the case of the Yeast. You really can't draw water from stone and your governments have far less tools to make the area economically bouyant. You are solely reliant on federal government handouts to build up any meaningful infrastructure or development. Is it why Nwosu and Ironsi decreed the unitary system to help the helpless yeast?

Imagine 36 billion to 72 billion (SW without Lagos and Kwara). It's not even a contest. If I add Lagos, it will be like taking a butter knife to a nuclear bomb fight

IgboTyphoon:
You saw the list of heavily indebted states. Lazy man.

Leverage is fine if it's to improve productivity.

totit:
No! I show no mercy to dunce like you who come online constituting nuisance and booking space for rubbish on WWW space.

Now, answer the danm question, now, if IGR does not mean productivity. what does??

Don't mind the doofus. If they can't compete, they try and deflect with unintelligent assertions.

If it was SE making money now. Amaka savage chants go don drown us. He should tell Capitalist America to forfeit tax revenues or capitalist Singapore. Odenson flat headed idiota

Effing peasants

Make e go win now. Who dey hold am?

IgboTyphoon:
See this Cone head.
IGR does not mean productivity. It only means socialism which means big govt & high tax. Pls when was the last time Osun paid her govt workers??

We Igbos are republicans and capitalist. We like small govt and low tax.

Revenue is socialism. LMAO

Wetin man no go hear for nairaland. So the northern states that are equally unproductive as yours are capitalists?


Buhaha

deomelo:
SW without Lagos = N72 Billion.

SE = N36 Billion

No wonder the can not stay in their poor, unproductive and economically nonviable ipob villages.

Poor ipobs...smh

So the productivity of the flat headed ones is literally half of Omoluabi's even when you remove our crown jewel (Lagos)!!!

You didn't even factor Kwara

Diaris God o!!!


We need our own country

olioxx:
.
.
You have said it all.
I need to leave Nigeria. We lack vision in this country.
That $12b he spent is enough to build a 7500MW - 8500MW of hydropower plant that can power a large area of Lagos and in turn will yield good revenue, since the world is going "electric". 40% of cars in Norway are electric cars.

It's his money. Let him spend it however he pleases. Why don't you tell Ibeto to build a hydro power plant?

Jeez

chemgee:
try to get his point, lemme show you from another angle... imaging you were investing millions of naira to build a cyber café 1 year before MTN/GLO/Vmobile started to roll out their data bundle for people to browse on their phone and no more have to queue at the cyber café... You'll lose wella, but it would have been a different story if you had built it 5years earlier.
one love

How about you let Dangote invest his "own" money as he sees fit in his "private" refinery and you not try and play the role of his financial advisor

How about that?

bionixs:
dark hate creature! it has everything to do

Either you are too obtuse to know the meaning of the word private or you've been indoctrinated with tribal hate from your poor upbringing. All of the above

bionixs:
don't mind them. They carry ballot boxes and cheat ,think they are doing igbos

Tribal scumbag. What's igbo or ballot box gotta do with a private refinery?

The cultural envy against the Yorubas is very strong

Everyone wants to jack it from us. Damn!

OkunrinOloro:
Is this deliberate or actual ignorance at play? I was talking about things to expect in 10 to 20 years time and not the way things are done at the moment.
Of course for the time being, EIA is an indispensible aspect of the petroleum industry, but once that industry no longer exists that will no longer be the case will it? Common sense. Sigh.

You've not started making today's money now and you are asking us to forsake it! Which kin nonsense be dis? Babanla nonsense!

Can't you chew gum and walk at the same time? Make money from what's obtainable now and invest in the future or do both simultaneously?

OkunrinOloro:
The environmental impact of producing those petrochemicals is even greater than that of just refining crude.
Inventors are already being granted patents for discovering safer alternatives for petrochemicals.

Environmental impact? Are you kidding? All the countries with refineries don't consider or do EIAs? Lmao

Derivatives of crude oil (as varied and diverse as they are) will always be researched. Just like alternatives to everything is equally researched. Doesn't mean you handicap ypur economy and not produce and export what you can sell while you can sell it. Not rocket science

OkunrinOloro:
Cash in on what sunset? Dwindling revenues? Failure to diversify your economic portfolio after 50+ years of independence? Even when it was boom time how did you profit?
Sense is indeed needed, but not where you think.

Petrochemicals (value addition to crude) is part of diversification. It's the easiest and fastest diversification effort we can achieve.

It's private enterprise. The man didn't become a billionaire by accident and not using good judgment

OkunrinOloro:
In the long term a collosal waste of money.

China, India and Germany have already announced that by the year 2030 which is just 11 years away, they would have fully done away with the use of cars which run on fossil fuels.

Indeed, Sheikh Zaki Yamani, a former Saudi oil minister, once said, “The stone age came to an end not for a lack of stones, and the oil age will end, but not for a lack of oil.”

But Nigerians have never been known for long term strategic thinking or planning.

You guys will suffer the consequences of poor leadership very soon.

The wise ones cashed in on the stones before the stone age ended. The fact that we are transitioning from oil doesn't mean you shouldn't make make hay at sunset. Besides, there are tons of product from crude oil that aren't fuel related.

Sense is required

Hofbrauhaus:
APC is an abokii party. PDP is an igbo party. The Afonjas na anywhere belle face. Notice how they vote. Always sitting on the fence. They are neither here nor there. Can yoruba confidently say they voted Buhari? Or is it Atiku they massively voted for? Mtcheeew

Infantile babble

He was irrelevant and overrated. Still irrelevant and overrated

Do you have a single bill to your name not to even talk about one on education?

Twitter failed Senator

Olofo

This Igbere people are doing overtime work pushing Kalu's Senate agenda.

Dead on arrival

Ilorin. The perpetual stain on Yoruba history.

Their indigenes too aren't helping with their dogmatic Islamic identity

Senate presidency is about seniority in the ruling party in the Senate not about any region. By that standard, SE can go cry a river

We are inferior igbos

State government building an office complex?

Lmao

Waste of resource. They should have used the money to make sure businesses are attracted to Akwa Ibom. Make Akwa Ibom more business friendly and let the private sector build the place up.

This is wasteful.

chozzy:
Ex-governors have same status as returning Senators

That's a big joke

New Senator that wants to be Senate President

This egbere news no intelligent at all

I thought the elections were rigged? Idiots like Reno won't adhere to their narrative. Olote