₦airaland Forum

I didn't say Onitsha is a cluster of villages. I said Onitsha was a cluster of villages when Ilesa was a well planned urban center centuries ago. Same for Ibadan and Lagos. They were also villages when Ilesa was a well planned urban center centuries ago. I am not saying the oil belongs to Kogi I am just stating the report I heard.

http://leadership.ng/news/410665/anambrakogi-oil-dispute-exploration-advanced-stage-kogi-sambo

I don't care about oil money. I see it as an impediment to development and growth. Though if well managed, it shouldn't have turned out like that. Ijesha land was reknown for intricately woven mats and kolanuts. Those were our traditional exports. Later cocoa, coffee and etc entered into the fray. We don't need the oil money to get ahead. No one really does. Industry is enough. Congrats to those who have the oil. Thanks for your offer to visit Anambra but no time for now. The Brewery at Onitsha and the coming Neimeth factory amongst others are patronage by multinationals. Aren't they? That's what I mean.

patmaine:
you keep yapping about the agriculture in osun. as a geologist I know anambra state fall in the benue trough ( the soil formattion) so naturally its vegetation is thick) meaning land very rich for agriculture. .
Anambra has been producing rice in commercial quantity.
palm oil..yam ..cocoyam. kola nut..bitter kola..vegetables. cassava. ..

mr obiano under a year of assuming office attracted private investors to the agricultural sector to the tune of $2 billion. this is because having come from anambra north the agricultural belt of the state he recognize the importance. ..

the otuocha area re basically fishermen and rice farmers

even my hometown nnewi with all d development the people still make time to farm because its part and parcel of the culture which can't be taken away...

my dad even at his age u can't make him quit farming. .
he plant yam maize. vegetables. ..an average nnewi family dont buy pepper. .vegetables. .maize..cocoyam from the market except the americanised ones.

pls don't keep talking about farm as ifbits exclusive to the osun..

do u kno anambra have a private refinery dat pump 20000 barrels per day. ..note they can only be made oil producing if only they can get production to 60000. its still under construction though. .

Onitsha is just lucky with government and multinational's patronage. Ilesa has been an urban center for centuries while Onitsha was just a cluster of villages. Yet all developments in ilesa area were initiatives of Ijeshas. I guess we have to do more and we will. The SABMiller expansion would have been in Ilesa but I guess the Osun governor failed to come up with money as promised. You can still pass your message across without using foul language like yapping and etc if you try. No need for all that. Again, what the Renaissance report is saying is that the total value of production coming out of Osun exceeds that of Anambra. This may be hard for you to come to terms with but it is the plain truth. Cassava, yams, kolanuts, catfish, eggs, chicken, palmoil, cocoa, catfish, coffee, cotton, maize, services of all kinds, trading, okra, timber, plastics, nylon, and hundreds of other products. Remember that if cocoa, kolanuts and coffee brings 1.5 billion dollars a year, that's just a bonus because most farm owners have other sources of income. Some don't even visit the farms. Cocoa, coffee and Kola are like oil wells to the owners. Also, Anambra can't be an oil producing state just because they have a refinery, no matter the capacity of the refinery, otherwise Kaduna will also be one. The oil discovered in that area has been determined to belong to Kogi state not Anambra. There are hundreds of products coming out of Anambra but Osun's appear to be more. One indication is the IGR.

BuddahMonk:
Because you don't know where Delta Soap, A-Z oil, originated from doesn't mean you have to display your ignorance in industrial scale, all the floor mats, break pads, linding, steering covers, side mirrors originate from, Juhel is also down there in Awka, Gauze is another Pharmaceutical Company doing well in Awka while Neimeth have already bought acres of land to site theirs.

Lol at only trading that is going on in Anambra, Anambra informal sector alone can only be rival by those of Abia and Lagos maybe Kano. Trading contribute to 40% of economic activities in Anambra, manufacturing 20%, hotels, education and health care delivery another 10% others 10%, do you know how much sand dredging in River Niger, Water transportation and fishing are contributing to the tables of Anambra households. The most succesful transport coys still have their busiest terminals at Upper Iweka, i know you have not been to onitsha shoe site.

its nonsense for me to be here schooling you about Anambra and Osun State instead of Osun State and Ekwulobia

I said the bulk of activities in the market is trading, not bulk of activities in Anambra. Trading will result in huge transactions with low profit margins especially if it involves huge wholesalers. If you invest in sectors you dont have competitive advantage in like spare parts manufacturing, you will end up making less profit than others investing in sectors they have advantage. It is easier to make money in Agriculture than spare parts manufacturing in Nigeria for now. There are billions of dollars to be made in mere food production by just closing the gap between local production and local demand. The Nnewi people are really trying in spite of the odds and should be supported. They have chosen that path because they are spare parts dealers not necessarily because the returns are high. You dont need to school me, since you are all wise, then school the National Bureau of Statistics and Renaissance Capital, also African Development Bank. All of whom have noted that Osun's GDP is larger than that of Anambra. Your post has not negated what I wrote. It has not brought new insights into the thread and it doesnt prove Anambra has a higher GDP than Osun. I can see that you think Anambra's GDP and economic activities is second only to Lagos state.

patmaine:
where did you get this.
Their profit margin is very low
but they have huge transaction volumes unlike farmers
or people in production and services who make well over
50 percent of revenue as profit.

the problem with you yorubas is that you so much believe in your own conjecture even when its not true. .



whoever told you every businessman at onitsha is a trader.
do you know a lot of the shop called traders are small and medium scale manufacturers .
who manufacture the product they sale.

guess what my dad use his boys quarter for. fabrication of range of springs.. for cars machines and different stuffs..at home.
I just gave u an instance. .
when you are involved in a process of buying and selling of a product the logical thing to do is find a cheaper alternative which always lead to self production

. Onitsha market service numerous small medium and large scale manufacturing company at anambra.
nkwo nnewi main market service numerous motor and motorcycle ( engine) parts production company. lots of parts written made in China re actually made in Nigeria. the national orientation agency have a lot to so to change Nigerians attitude to locally made goods. .

do you kno cutix cable and kabelmetal re among the best wire and cable companies worldwide. .cutix is located at Nnewi owned by indigen...

A huge percentage of activities in Onitsha market is trading goods that were imported. No doubt some manufacturing is going on as you rightly stated that a trader will eventually find a means of manufacturing. These spare parts traders deal largely in used auto parts imported from abroad. There are fabrication workshops definitely and machine parts are made in the country but our major impediments are infrastructure and no materials industry. It makes us lose competitiveness. I nearly did my IT in Makstech in Ilesa in 2000, a company owned by Prof Makanjuola where all sorts of machine parts are fabricated. They always have a queue of orders. So I know fabrication is going on in Nnewi however the bulk of the activities is trading in both used and new auto parts. When we solve our infrastructure and materials industry challenge, that is when the production of machine parts will go into full swing all over the country. There is no machine part that can not be replicated in the hundreds of fabrication workshops in the country. The problem is economic viability. I agree that the people in Nnewi are really trying. Other people are involved in other types of production which they see as more profitable. I however don't agree that the huge transactions in Anambra is used in buying mainly made in Nnewi products. That can't be true since most of the parts are fairly used.

Cutix is a good example of how to do business. I hope they go from strength to strength. There is one company in Ilesa that tried to do all that but didn't succeed. Its still a small company today. ASWIL Nigeria Limited.

NegroNtns:
I believe I have enough posts in NL to take you from Oduduwa to Noah.. Search different archived topics on Oduduwa and you will find my link of him to Joktan (Qahtan).

This is the 10057th year of the present Yoruba culture. Adam lived 6 thousand years ago. There were reference to cities filled with people during Adam's time. Humans have been on Earth for millions of years. The language of Kemitic Egypt of five thousand years ago was a kind of Ife language because the vocab is very much similar to modern Yoruba, so it was probably thesame as ancient Yoruba. Ancient Israelites understood this language. The Yoruba have been sedentary before any other culture on Earth going by the calendar. The first settlement on Earth was ancient Ife and we don't know how long ago that was. The Yoruba were taught metal working by humanoid aliens who landed on Earth thousands of years ago. The Jews are relatively new people. Maybe 4 thousand years old. All people were nomads before the beginning of the sedentary culture. So Yorubas are not Jews. The calendar alone negates that. The father of Yoruba and of humanity according to the Yoruba is actually Obatala the most senior orisa, not Oduduwa. Orunmila is also senior to the new Oduduwa, the original Oduduwa was a woman but all may be said to be reincarnations of Obatala who is the most senior person in Yoruba history. So we can't be Jews because we have been here thousands of years before the Adam, Moses or Abraham as have been majority of the world's peoples.

patmaine:
simple question.

osun state aka onigbese is so rich that it cant pay salary for eight months and counting. ..

Anambra state is so poor that it increased workers salary by 15% amidst penury.

dat osun state have igr of 1.6 billion monthly doesn't mean that more economic activity is going on there more than anambra state which have igr of 1.1 billion

I can confidently tell u dat anambra government re not serious with taxation. .I am from nnewi. and my dad is living at Nnewi doing business at both nnewi and onitsha.
he is a major distributor to engine oil manufacturer and lubricants. . (hydraulic oil transmission oil etc) he is also a major dealer to a filter manufacturer. ..
I can confidently tell you dat the only money he ever payed to the government was #300 monthly security fair meant to maintain the bakassi boys dat was between 2001- 2004. despite all the exchange of millions daily. .
I think its the government way of supporting the populace. .

again try check central bank figures of bank activities per state.

u can also compare the number of bank branches per state

You are now talking the way you should be talking. No need to get emotional or insultive. You have made a valid point and it applies to all states in Nigeria. There are engine oil dealers in Osun too. There are thousands who make millions from their farms without paying a dime of tax. This is why I said we have not scratched the surface of the GDP. With falling oil prices leading to bankrupt state governments, we will get there very soon.

Anambra will have higher cash mobilisation than Osun because of the traders in Onitsha. Those traders have formed cartels for many goods and they service a huge area, not only Anambra. Their profit margin is very low but they have huge transaction volumes unlike farmers or people in production and services who make well over 50 percent of revenue as profit.

patmaine:
sorry for the insult. but you seriously need to upgrade ur reasoning

The national office of statistics is saying something. An independent research company contracted by African Development Bank is saying thesame thing which I am saying here and you say I should upgrade my reasoning? Don't you think you need that advice more?

If Osun has nothing. Why do you think the place has many immigrants from other parts of the country doing farmwork, trading and etc? But nothing can be true unless it rubs your ego and agrees with your bias. It might interest you to know that Anambra and Norway have similar populations while Norway's GDP should be up to 20 times that of Anambra. It is not only by population.

InyinyaAgbaOku:
Osun state is even owing anambra state and an illiterate is here yapping thrash.
Osun has been on heavy loans wheile anambra didnt borrow for 8 years in the past admin.
What has the moribund brewery in Ilesha got to do with the poverty in the state?
If agriculture is yielding something to osun, where is the evidence on osun current economy?

You are just pathetic. So I am illiterate for citing what competent experts say is true? If Anambra chose to invest in bonds and Osun takes up the money in banks, is that bad? Afterall Nigerian banks invest in bonds in Europe which European governments use to better their lands. Most of the developed nations are heavily indebted. If Anambra is saving money instead investing it, they must have a reason for doing so. I am sure there are thousands of people that can tell you about the hundreds of thousands of cash crop millionaires in Osun state. If Anambra can't meet up with Osun's Igr despite the larger population, that speaks volumes. It will be foolish of you to think a state of over four million is depending on even 10 billion naira per month allocations. No state is depending on allocation. Only the government. Money spent on call cards alone per day will be close to 100 million naira. Please wake up from your slumber and realise things don't revolve around federal government allocations.

patmaine:
ur mumu no get part 2

million dollar businesses like ibeto group. chicason group and many others I guess they re not real entrepreneur but fake entrepreneurs

u re just displaying ur level. I can deduce u re a jobless fellow. someone with a real job won't reason the way you do


dem go don sack am tey tey

Is what I am saying difficult to understand? Why do you choose to be insultive? You see, where is Concord Group of MKO today? And numerous others? All the assets are lying dormant. This is the most likely end of a one man show of a business. Examples abound. You should be able to see my point. Many have come and gone. For now, Ibeto group and etc are thriving business enterprises. I hope you will do better in future while addressing a total stranger or anyone for that matter.

InyinyaAgbaOku:
Are you not ashamed?
How come osun collapsed from mere lack of salaries? How come the reduced allocations didn't affect anambra one bit?
I can't even believe I am having this argument.

Sunnybobo3:
Dude, I do not want to be dragged into this disk measuring contest but on International Breweries PLC, you got it all wrong.
Before I say anything, may I disclose that I'm a shareholder of International Breweries PLC.
Yes, Dr. Omole founded International breweries but the company was run aground an eventually sold off to International investors who revived the company. As at now, individuals numbering close to 42, 000 people own less than 9% of the company.
Anambra state govt owns 10% equity in the Sabmiller breweries Onitsha which is a much more bigger facility than international breweries Ilesa and even also produces some products like Grand malt and others which IB Plc sells in the South West.
See attached pic for ownership structure of IB Plc.

InyinyaAgbaOku:
Are you not ashamed?
How come osun collapsed from mere lack of salaries? How come the reduced allocations didn't affect anambra one bit?
I can't even believe I am having this argument.

For now Osun is doing 1.6 billion of IGR while Anambra does 1.1 billion. Osun employed extra 20 thousand people when Aregbe assumed office and Osun has borrowed a lot. I have pointed these out earlier on this thread.

On IB Plc, once a company goes public, anyone can take control by just buying enough shares or just noticing the board that they are coming to invest and take over by a certain date. If you start a business and bring it to this stage, then you are a real entrepreneur. Thats my point. I can raise money now and notice Dangote flour that I am taking over. If they dont want me, they have to quickly find another entity that will price me out. That is how it works and it is the noble conclusion of any business enterprise. Many enterprises have died out because they didnt do this at the right time. I hope you see my point.

All these budgets of states are something to be ashamed of. The whole budget of Nigeria is similar to that of the New York fire service. In the western world, they use at least 30 percent of GDP for public spending. That Osun government owes salary is not because Osun is poor of course. It is because of the foolish system we have in Nigeria. We have not even scratched the surface of our GDP.

Sunnybobo3:
Your fixation and lies about this International Breweries is becoming nauseating. I wanted to ignore it initially but you've continued with the lies in successive posts.

International breweries is currently being operated by SABMiller, the same company that runs the intafact brewery in Onitsha. IB has an annual brewing capacity of 500,000 hectolitres while the Onitsha brewery opened in 2012 with a brewing capacity of 700,000 hectolitres and is in the final phase of upgrade taking the capacity to 2.1million hectolitres.

That a company is listed on the bourse doesn't mean it's doing well than its counterparts not listed.

The Onitsha based brewery is way ahead of the Ilesa based brewery both in terms of capacity and market share.
Always get your facts right.

I did not lie or misrepresent facts. Betamalt produced in Onitsha is a owned trademark of IB Plc. You can do business like Dr Lawrence Omole who turned his business to the public or sit atop it until it sinks. At least Globalcom is a totally private company, so also is MTN Nigeria, Etisalat and others and they have huge market shares. The logical conclusion of business is public listing. That is my point on IB Plc. The Breweries at Onitsha is totally a SABMiller initiative. Dr Omole founded the company, it prospered under him, then he turned it over to the public, the company later was mismanaged, then foreign investors moved in to salvage it and it returned to profitability.

Given thesame opportunities, there is no reason why Osun should have a larger GDP than Anambra since Anambra is more populated but cash crops is probably what gives Osun the edge in my opinion. Rice is grown in Osun too but it is more in adjacent Ekiti state. However the main industry where money is made most easily in Osun is agriculture via cash crops.

Sunnybobo3:
Your fixation and lies about this International Breweries is becoming nauseating. I wanted to ignore it initially but you've continued with the lies in successive posts.

International breweries is currently being operated by SABMiller, the same company that runs the intafact brewery in Onitsha. IB has an annual brewing capacity of 500,000 hectolitres while the Onitsha brewery opened in 2012 with a brewing capacity of 700,000 hectolitres and is in the final phase of upgrade taking the capacity to 2.1million hectolitres.

That a company is listed on the bourse doesn't mean it's doing well than its counterparts not listed.

The Onitsha based brewery is way ahead of the Ilesa based brewery both in terms of capacity and market share.


Always get your facts right.

I wouldn't know if the IB Plc has bought a brewries in Onitsha. Or if SABMiller is a contractor. I don't know the capacities too. I say only what I know. Who owns the Brewries at Onitsha? There are foreign investors and Ilesa people at IB Plc apart from shareholders in the public. Is the brewery at Onitsha producing for IB Plc? I will find out if you don't know. The point is that the company is now a huge corporation and it was humbly started by a member of a group you termed as lacking in industry.

Please believe whatever you want but credible agencies insist Osun is richer than Anambra despite Anambra having a larger population.

FKO81:
You're just Johnbull how can you compare Osun to Anambra? Coco plantation and your tedious brain didn't remind you that Anambra produces rice, as a matter of facts Anambra have two rice processing mills, Coched farm, and Anambra rice processing mill Omor, cassava plant and maize etc, Big industries in Anambra SAB, Innoson, Orange drugs, Juhal, Cutix plc, Ibeto, Kutic, tommy tommy noodle, Chicason, Dozzy oil, Millennium, Sunocu, AZ Oil, Eastern Distilleries and beverages, Whiz, Tonnimas etc. and don't forget Anambra is 10th Oil producing state, Orient refinary is there. Big transport companies, Anambra host many international markets, Nollywood is third in movie production in the world and Onitsha producers and marketers contributed large percentage, these areas contribute alots in Anambra employment index.

You have not summed up all those production and confirmed it surpasses that of Osun in value. That is what the experts have done. They found out Osun far surpasses Anambra.

eaglechild:
That is the problem Osun state and indeed most of the SW has.

You lie in wait for multinationals to come and develop your place.
What happened to local manufacturing and innovation.

There are hundreds of food processing plants including beverage companies that are locally owned that make use of cocoa.

They convert it to the finished products.
When I said cocoa your mind automatically zoomed in to bournvita.
Chai!

Right across the road here is Multitrex Nigeria limited that produces cocoa beverages but the most popular products in Nigeria are Cadbury products. You say we wait for multinationals but in Ilesa, the IB Plc was founded by Dr Lawrence Omole and it is now a foremost corporation in Nigeria traded on the NSE. A strong viable corporation. One of the foremost in Nigeria. Do you have something like that in Anambra? They are not dependent on government patronage but have their market share. The MD is a big man in corporate Nigeria. They now have Europeans on their board.

eaglechild:
What does Anambra produce??
Hmmmm.
There are thousands of manufacturing companies in Anambra state rivaled only by Lagos and perhaps Kano and lately Ogun.

These are not just local companies but regional powerhouses that directly feed the largest market in West Africa located in Onitsha.

I put it to you that the cocoa you boast of is bought by Anambra and processed then sold back to you at double the price.

Below is a list of plastics manufacturing companies in Onitsha north L. G. A. Just one L. G. A. and just plastics.


Bentraco Group
Obosi, Onitsha North, Anambra, Nigeria
AGRICULTURAL PRODUCT
AGRICULTURE & FARMS DIESEL DEALERS
PLASTICS
S. Agada Rainbow Ventures Nigeria
Onitsha North, Anambra, Nigeria
CORPORATE GIFTS EQUIPMENTS
MANUFACTURING PLASTICS
Markson Chemical Industries West
Africa Limited
Odoakpo, Onitsha North, Anambra, Nigeria
BEAUTY SALON MANUFACTURING
PERSONAL CARE PLASTICS
Divine Mercy Supper Store
Onitsha North, Anambra, Nigeria
BATHROOM FITTING
ELECTRICAL AND ELECTRONIC EQUIPMENTS
ELECTRICAL EQUIPMENT DEALERS PLASTICS
Kenkos Technologies
Onitsha North, Anambra, Nigeria
EQUIPMENTS HEALTHCARE
LABORATORY EQUIPMENTS PLASTICS
Ezenwa Plastic Industry Nigeria Limited
Awada Layout, Obosi, Onitsha North,
Anambra, Nigeria
HOUSEHOLD APPLIANCES KITCHEN UTENSILS
MANUFACTURING PLASTICS
Kristoral & Co. Limited
Onitsha North, Anambra, Nigeria
MANUFACTURING PLASTIC DEALERS
PLASTICS
Chudone Plastic Furniture Limited
Onitsha, Onitsha North, Anambra, Nigeria
MANUFACTURING PLASTIC DEALERS
PLASTICS
Halal Ja Industries Limited
Fegge, Onitsha North, Anambra, Nigeria
BUILDING MATERIALS & PLUMBING MATERIALS
HOUSEHOLD APPLIANCES MANUFACTURING
PLASTICS
Ezenwa Plastics Industry Nigeria
Limited
Ezenwa Street, Onitsha North, Anambra,
Nigeria
MANUFACTURING PLASTIC DEALERS
PLASTICS


Reliable Steel And Plastic Industry
Limited
Onitsha, Onitsha North, Anambra, Nigeria
MANUFACTURING PLASTIC DEALERS
PLASTICS
Edu Service
Onitsha North, Anambra, Nigeria
MANUFACTURING PLASTIC DEALERS
PLASTICS
Citizen Paints Ventures
Onitsha, Onitsha North, Anambra, Nigeria
HOUSEHOLD APPLIANCES MANUFACTURING
PAINTS PLASTICS
Machinery Warehouse Outlet
Awada Layout, Obosi, Onitsha North,
Anambra, Nigeria
INDUSTRIAL MATERIALS MANUFACTURING
MARKETING PLASTICS
C Y And Bros Trading Company
Onitsha North, Anambra, Nigeria
ART & CRAFT SHOPS BAGS
BUILDING MATERIALS PLASTICS
Okparauzoma Commercial Enterprises
Nigeria
Onitsha North, Anambra, Nigeria
MANUFACTURING PLASTIC DEALERS
PLASTICS
Ibekilo Enterprises
Obosi, Onitsha North, Anambra, Nigeria
MANUFACTURING OFFICE SERVICES
PLASTIC DEALERS PLASTICS
Ikomo Plastics Nigeria
Onitsha North, Anambra, Nigeria
GENERAL MERCHANDISE
HOUSEHOLD APPLIANCES IMPORTS & EXPORTS
PLASTICS
Dynacord Technologies
Inland Town, Onitsha North, Anambra,
Nigeria
BOTTLED WATER MANUFACTURERS
ENTERTAINMENT EQUIPMENTS PLASTICS
Chris-Killian Ventures
Onitsha North, Anambra, Nigeria
ELECTRONICS ELECTRONICS APPLIANCES
GENERAL MERCHANDISE PLASTICS

Felix Foundation Nigeria Limited
Onitsha North, Anambra, Nigeria
BOUTIQUES CLOTHING FOOD PLASTICS
Awutolo Industries Limited
Nkpor, Onitsha North, Anambra, Nigeria
MANUFACTURING PLASTIC DEALERS
PLASTICS
Plastic Nigeria Limited
Onitsha North, Anambra, Nigeria
MANUFACTURING PLASTIC DEALERS
PLASTICS
Sab Neon And Art Works
Onitsha North, Anambra, Nigeria
BOOK SHOP EDUCATION MANUFACTURING
PLASTICS
Syinco Group Of Company
Odoaktu, Onitsha North, Anambra, Nigeria
BED AND BEDDING BUILDING MATERIALS
CEILING PLASTICS
Easy Ventures
Onitsha North, Anambra, Nigeria
MANUFACTURING OFFICE SERVICES
PLASTIC DEALERS PLASTICS
Big Video Link And Sound Concept
Onitsha North, Anambra, Nigeria
BABIES & KIDDIES PRODUCTS
ELECTRICAL EQUIPMENT DEALERS
ELECTRONICS PLASTICS
Okeyson Plastic Ventures
Onitsha North, Anambra, Nigeria
PLASTIC DEALERS PLASTICS STORES


This list Is not exhaustive.

Please I am not saying Anambra is not producing. I am only saying Osun products have more reach and brings more wealth. There are thousands of industries in Osun too. Small scale and large scale. Plastic industries, foam industries, steel industries and etc in Ilesa and other Osun cities.

Is there a cocoa processing plant in Anambra?. There used to be one in Ede Osun state but I am not sure its still functioning. The cocoa produced in Osun is mainly for Europe, China, Americas, Japan and etc. Not for mainly local consumption. Cadbury and co are the users of processed cocoa in Nigeria and I don't think they have plants in Anambra. Do they?

Yeske2:
Prove your 0.5%, meanwhile please tell the governor to pay up workers and the banks he borrowed from.
I heard somewhere that Osun is owning the Anambra state government, how true is that?

100 million dollars is 0.5 percent of 20 billion dollars.

Osun can't be owing Anambra directly since Anambra is not a bank but if Anambra has invested in bonds and etc. That may be possible indirectly. Nigerian banks invests in European bonds and their government and businesses laps everything up. That is normal. It means Europe is owing Nigeria.

Yeske2:
Take or leave it, a large part of Osun's income was loans and income reflects in the GDP.

I will like our debt profile to be at least 80 percent of GDP just like in Europe not the current less than 0.5 percent.

Yeske2:
Osun is to Nigeria as Greece is to Europe, GDP and income based on loans and when the chips were down, the picture became clearer.

Debt in Greece is like 100 percent of GDP if not more. Osun GDP is like 20 billion dollars. Debt may not be more than 100 million dollars if I am correct.

akwabassey:
You are just despicable. Can re-read the nonsense u just wrote? Its laughable

What is laughable there? You can't answer simple questions. What is Anambra producing that makes her richer than Osun? Why talk down on the SW? For what? You say we are poor but you can't prove that with any statistics. Not the list of richest 10 in Nigeria. Not IGR in states. Not the list of Nigerian CEOs and industrialists. What then do we use. This is unfortunate. Wealthy people are not that numerous. We can't have 100 thousand people worth 200 million naira and above in Nigeria. So these things can't be hidden. Please stop talking down on Yoruba people. No group is more in number in Africa or more illustrious. That is natural because of the sheer number and advantageous geography. It is very possible that Osun is much richer than Anambra. Our products like cocoa, coffee, kolanuts reach the ends of the Earth and are in high demand. We have corporations and businesses that service the Nigerian market. It will be a feat for Anambra to be able to produce more wealth than the more advantaged Osun.

These are old houses that have not been pulled down. We are proud of them. Where in Osun is this? What year? And this is not representative of modern Osun. I grew up in Ilesa Osun state. This picture does not remove from what is on ground and does not subtract from the production going in. It does not destroy the cash crops farm. The SW is more prosperous than the rest of the zones. This picture can't change that. What exactly are you trying to prove? The society is a mix of wealth and poverty but SW as a zone is the most productive and richest. Osun is at the heart of that.

new2020:
Very stu$pid comment. This why Igbos want Biafra...they are tired of this stup$id comparison. Who in the hell will ever want to compare Anambra with a misery, decrepit, bankrupt and lowlife state as Osun...for God sake? Who in the hell does that! Anambra has the strongest economy in Nigeria right now...RIGHT NOW! The only state that can survive without Federal allocation. Even my own state Cross River cannot survive...I'm not ashamed to say that. Anambra is the only state that can compete with Lagos. I repeat Anambra is the only state in the country that can compete with Lagos despite not having federal character, seaport and airport...these are want attract people to Lagos. Remove all these; businesses will leave Lagos and it won't be any different from Osun. Anambra still stands tall without all these. I'm not from Anambra but have investments there.

You are the one being stupid by being disrespectful instead of answering questions. What production is Anambra known for that makes the people rich. Simple question. Lagos, Kano, Oyo, Rivers, Katsina and etc. That's how states rank by GDP size. The most important cities are Lagos, Kano, Ibadan and etc. Those are the places you find the highest numbers of foreign business men. I don't know what you mean by Anambra ranking next to Lagos. Is it by GDP size or per capita income. Statistics say Kano is next to Lagos by GDP size and Osun is next to Lagos by per capita income. What is Anambra's status? You seem to be totally out of touch and marooned in Anambra my brother.

We want our own nation too and we want Biafra for you. At worst we want fiscal federalism for Nigeria but many people especially from the North think it will not favour them. We may also need to be our brother's keeper.

How do you mean Cross River can not survive without allocations? Do you know Cross River's GDP? Do you know the FG allocations to Cross River? What percentage of the GDP is it? Probably less than 10 percent. So you are wrong.

You are from Cross River but have investments in Anambra. That's how everywhere is. Whether it is Lagos or Anambra.

eaglechild:
It is extremely unlikely that a state with a significantly smaller population (one million less) will have a higher wage bill.
It doesn't add up.

Then factor in the 400million extra income Osun claims to make and you wonder why Osun is owning 7 months salaries while Anambra is increasing wages.

It is the number of people in the civil service that determines the wage bill. Not population. Osun employed 20 thousand with Oyes immediately after Aregbe was sworn in. I believe the size of Osun civil service will be more than Anambra's. The IGR figures are correct. Osun is in debt as they borrowed to finance the provision of infrastructures and the payments are deducted from source. All states can finance themselves with their economies. These states are hugely populated, having much real estates, farms and industries. The time to start will soon be here.

eaglechild:
Lol.
It is now very clear that you have never left your region or visited Anambra.

Anambra is one of the most urbanized states in Nigeria and ranks among the top in all facets of human development and mdg attainment.
Well ahead of Osun.

http://www.nigerianstat.gov.ng/nbslibrary/social-
economic-statistics/mdgs

I have been to Onitsha. Anambra is urbanised but not with as much urban centers as Osun. Ilesa, Osogbo, Ife, Ede, Iwo, Ila, are all full fledged urban centers with sizeable populations.

mcino:
You should be ashamed if yourself. I am not from Anambra state, but as I am typing from the state now, I am seeing lies upon lies in your postulations here. The level if economic activities going in here is wonderful. Don't just open your mouth to talk. An ordinary Loader in Anambra goes home with nothing less than 10k daily. It is verifiable. Most of the people considered to be touts here own story buildings. Standard of living here is way very high and all their rural roads are well paved and connected. You can move from Nnewi to Awka, connecting through villages without passing through an untarred road. It snacks if ignorance and also an insult to compare Anambra state to Osun state. Stop this nonsense

How do you mean it is an insult to compare Osun to Anambra? I don't understand that. Have you ever been to Osun state? What are the products coming out of Anambra that makes the people there richer than Osun people? You can't create wealth out of thin air. You have to produce some things. What are those things that ranks Anambra ahead of Osun? If you have read my posts on this thread. You should have seen why Osun can be richer. Cocoa, coffee, kolanuts. Foreigners come for these things with forex. Anambra has a bit more population but Osun has far more wealth. It is easy to see that.

eaglechild:
Then how is Anambra with a much higher population able to pay salaries while Osun cannot even with a smaller population and higher IGR.

Is it not obvious that the figures are fake.

If you collect 1 billion and announce 1.6 billion, then you have to add 600 million by yourself. It goes through banks, so you can't collect 1.6 billion and announce 1 billion. It is not something that can be faked. Osun wage bills are obviously much higher than Anambra's

Macelliot:
Gov. Chris Ngige left 11billion naira in the state treasure before Dr. Peter Obi took over as Governor in 2007...
After 8years in office, his tenure ended in 2014...
He(Obi) OFFICIALLY left 75billion in the state treasure before Wellie Obiano took over...

If Anambra IGR is truely 1.1billion naira, then How come?

They can leave money in the account by spending less than their income. They have federal allocations which forms the bulk of their budget.

Do your own investigations. Anambra is planning to increase IGR to 3.3 billion naira per month but present figure is 1.1 billion naira while Osun is 1.6 billion naira. The first thing Aregbe did on becoming governor is to employ 20 thousand people. That increased the wage bill. I heard of Anambra leaving money in reserve but I don't know what to call that when the place does not have the highest living standard in the world. What do you call a man with malnourished children who has 1 billion naira in his bank account? Even the US is 16 trillion dollars in debt. Lagos is in debt. I am not in favour of debt but saving money in a place while you have a dire need for infrastructures and etc does not seem smart. Anambra does not have enough not to talk of excess.

Don't think Osun is a small state. No state has more urban centers in Nigeria. There is huge economic activities going on with products that do well in the international and local markets. One would expect Osun to have a relatively large GDP.

Macelliot:
Anambra govt. just increased their workers salaries by 15% whereas, Osun workers are yet to be paid...
Anambra can survive without FG allocation while Osun can't...

Most Companies, Factories, Industries e.t.c are private owned and not government sponsored, that's while FG doesn't usually direct their focus to the SE...

S-East can SURVIVE without FG...

Osun IGR is 1.6 billion naira. Anambra is 1.1 billion naira. There is no state that can not survive without oil money. What they get per year is much less than 1 billion dollars. They can easily slice it off their GDP if they wanted. We will get there one day.

Macelliot:
Nnewi is the home to the ONLY Nigerian Vehicle producing company...
All the whole New spare parts(Motorcycle, bicycles, Vehicles e.t.c) in Nigeria at large are being produced and Manufactured in Nnewi...
Onitsha is a trading Hub, while Nnewi is home to manufactured Auto-mobile products....

Innoson is not the only car assembling company in Nigeria but it is the first indigenously owned one. You would expect a spare parts dealer to come up with a company like Innoson. We still have a long way to go as most of the car parts are imported. A real made in Nigeria car should be less than 500 thousand naira because everything will be cheap from labour to steel and other materials. India produces such cars.

Maybe Anambra is more industrialized but that does not mean she has higher GDP as Osun has more overall economic activities probably due to cash crops. There are many companies in Osun too of which International Brewries Plc, a blue chip company is number one. You can't compare Innoson to IBL Plc which is the number 3 breweries in Nigeria by activities on the NSE.

Macelliot:
Don't mind them..
I wonder how they came about this statistic....
Osun has no commercial city...
Anambra has 2 commercial cities (Onitsha and Nnewi)..
Anambra is more populated than Osun...

Depends on what you want to buy. Tokunbo cars are cheaper in Ilesa Osun state for instance being closer to Benin republic and people go there to buy from the East. The markets in Onitsha are international markets just like Alaba, serving West Africa for some goods not only indigenes. This is because of cartels formed by traders. However, the edge of Osun is not trading but Agro allied economic activities.

kettykings:
If they have people with the money to buy things then why are they still having problems with salary and igr.

The traditional demand of Yoruba is fiscal federalism. I would have liked us to do IGR first by whatever means but the SW APC wants fiscal federalism before IGR. In actual fact, land use charges by the LASG in Lagos are illegal because tenement rates belong to LGs. Personal income tax is for states but You can't take personal income tax because the FIRS is the only organisation empowered to do so after which they remit to states. All these are wrong and needs to be addressed. Lagos wants to force things by introducing land use charges payable to state governments but that is actually double taxation. I support cutting corners and damning the FG by improvising your own way out but that is not the path the SW APC have chosen. If the IGR drive starts when a new Nigeria is birthed, Osun will do better than any SE state I believe.

GDP is gross domestic product. Margin on production is highest while trading has very low profit margins. Both are economic activities. If GDP is properly calculated, Osun's will be much higher compared to states in the South east. Among products known worldwide that are produced in Osun state are cocoa, kolanuts, coffee and etc. A country like Ethiopia relies on coffee for most of their foreign exchange. What product from Enugu is as competitive as coffee or cocoa in the international market for instance? The SW has net immigration because of the better economy. Traders like the place because the people have the money to buy things. Places like Aba and Onitsha are trading towns where people from all over go to buy, so there will be high cash mobilization but it does not mean they have higher GDPs than where production is happening.

most banks advertise 17.5% on N1OO,000,000 and above