₦airaland Forum

The Chinese manufacture many things in the country that is mainly for export and they employ thousands of people.
There are people living in the country that work for US companies especially in tech.
There are also Lebanese, Indians and etc
So there is outsourcing to Nigeria but if you want heavy duty you have to invest in infrastructure then beg the companies to come with incentives. You have to support local capacity

For instance India spent over 4 billion dollars to strengthen the supply chain for Apple manufacturing in India.

They will take the money back and more overtime from taxes paid by the tens or even hundreds of companies operating in the supply chain

Implications

If you want Apple to come to Nigeria in the same manner then the government will have to spend 4 billion dollars as did India to soften the ground for them and they will come since they are a for profit and Nigeria is indeed cheaper to produce in than India with regards to cost of labor

owobokiri:
You are comparing apples with oranges again...
Have you tried importing beef or cattle into Nigeria say from China or Australia or Argentina? Try that in the spirit of a liberal capitalist economy and see what the Nigerian custom service will do to you.
That sector of business is highly protected with state might..

Do you know that most cattle bought in Nigeria come from fulanis outside of Nigeria? Fulanis from Guinea, Mauritania, Chad, Niger etc, can easily walk across the border into Nigeria with thousands of castles, crisscross the whole country as they want without anyone stopping them, sell their castles at the most exorbitant prices, change the income into dollars and immediately disappear into the neighbouring countries from where the came...
No taxes, no rates, no duties and no police checks!

All these because a fulani created federal structure, has made policies that compel me and you to never import beef, even during the time of beef shortages. Even egen it is cheaper elsewhere. We must buy from only the ones you see in Nigeria..and who rears the ones you see in Nigeria?? Its The fulani... They even a "Ministry of Livestocks" as we speak...
If you are sure of taxing the Chinese shop owners, what about the migrant fulanis? Have you asked yourself why they don't pay taxes?

All I want is for the government to.protect the traders the same way they protect the fulanis and their castles..

Cattle business isn't easy too. It is more difficult than trading. It is more difficult than any line of business if you are a nomad but presently we don't know exactly who is controlling the sector. Most cattle in Oyo state for instance is ranched and beef is cheaper in Ibadan than in say Ilesa as a result. Ranches are springing up all over and the nomads may soon be run out of business. In any case it isn't easy to be following cattle about on foot. Nobody is favouring them. How many communities have agreed to grazing reserves? The country is practically at war with them.

Then I will not be in support of any law saying some people should be banned from certain sectors. How can such be rationalized? I can't support such a policy by any country.

ppogba:
N10m is less than 5% return.

There are other safe investments that will give you at least 12-15%. on the same amount.

Think like a millionaire

If you have a really large amount of capital you shouldn't expect more than five percent per annum and when you have huge capital is when you are a billionaire

Any investment guaranteeing you ten percent will not protect you from inflation. I am not saying it isn't possible but to guarantee you will be hard

helinues:
Our unity is our strength in Africa

Unity based on what? Skin color? Africa isn't uniform in skin color. If Nigeria has found unity impossible, why do you think African unity under one government is feasible when there is even no uniform language?

Reference:
Much Ado about zilch.

You can fit approximately 80 Japan's into Africa by land size (mark you over 70 percent of Japan is mountanneous and largely unusable for productivity).

Yet Japan out produces the whole of Africa by approximately 4.4 trillion dollars to 3.5 trillion dollars. A continent that has every single imaginable resource on earth in ABUNDANCE....while Japan has only one....from its mountains... limestone....not even enough to be self sufficient in making cement and pottery.

And a nuclear bomb...no...two nuclear bombs were dropped on her.....all she gained from colonial wars were collected back and she was surcharged on top....and then almost every year the earth opens up and swallows part of the country....

Abeg size means ABSOLUTELY NOTHING.
May God grant Africa the fortitude to carry her cross L in peace....

You can't say because a house worth 20k dollars in Nigeria is worth 400k dollars in Japan that Japan outproduces Nigeria. Because you pay 20k dollars for a lawyer's appearance and I pay 500 dollars don't mean your economy is bigger. Japan does not and can not outproduce Africa

ppogba:
Investing N230m to get dividend of N10m is not the thinking of a millionaire.

It is a fair enough return on an investment that is safe from inflation especially if it is guaranteed. If you spend the money to build a house you will not get up to that in rental income

owobokiri:
It could be jealousy too.
If you hate a tribe so much that you want another country to win against your country, then the joke is on you..

But there is no trading sector where only one ethnicity operate. Here in Ilesa we have both Yoruba and Igbo in electronics and spare parts including wholesale and retail though Igbos are more. If it is scrap buying, forex or cattle, it is Hausa. Will it be right to say no foreigner including those legally resident should operate in those sectors? No it would be wrong. The role of the government is to organize all the players and make all industries beneficial to the nation thereby. All ethnic groups have the space they control in the country and there are people from all over the country operating there as well. A large portion of VAT paid in places like PH, Lagos, Kaduna, Jos etc is paid by companies controlled by non indigenous people and they have to work there like that. It would be wrong for them to say they are hated. If a Yoruba feel hated in PH then he should relocate his oil servicing companies, equipment manufacturing companies, law firms, IT companies, schools, hotels and etc that pay VAT to the SW where he is not hated

MIKOLOWISKA:
but no matter the water and the puppies and the deal plants you cannot make more land
Desert land can be used to house manufacturing and housing so you maximize forest and grassland for agric
Desert solar can power the world if prices equilibrate

Desert wind resupplies eroded soil

Land matters
Why west hid it for so long

PV farms in deserts are not in the picture until a means of distributing power by satellite is developed. For now we can have 12 hours a day from rooftop PV farms in most parts of the world while battery for storage is further developed. Solar presently can power most industries that can afford to operate their equipments only during sun up. Industries that need high duty power can move to locations served by hydro, wind and etc

Land that has little agricultural value can not support high population. If you site industry in Niger because of land while ninety percent of your market is in Southern Nigeria your logistics cost will be high and another company will drive you out. Before land can have value, it must be able to support a high population and to be able to do that it needs water

If you have land and you plant economic trees using up to 200k you can secure up to 10 million naira per annum in five years from trees like cocoa, palm trees and etc and if you have 1 million to farm maize, cassava, yams, tomatoes, pepper etc every year, you will make more than 2 million from that every 365 days. Before your cocoa mature you should be making millions per annum from plantain.
With good plans you secure your future or what is stopping a young man with 15 million per annum in income secured over five years from rising?

Arostar2023:
The question you should be asking is why the “west” opposed the redrawing of the world’s map to reflect the true size of Africa for many decades? Sometimes, perception is reality. Btw, the desert is not entirely useless, if you know what you’re doing. The northern Nigeria produces more food than the south, despite the former having abundant water resources. And the state of Israel turned the wilderness into productive agricultural land.

You could have asked AI the size of any continent or even a local government or town in any country and compare with any other.

Yes the desert isn't useless if you can get water to it and there is water in the oceans then you need pipelines and desalination plants and a country like Niger would be able to support easily 200 million people but until that happens the land will not be able to support a large number of people.
Southern Nigeria and the North are almost at par in food production if you check properly. Land in the south produces more per square meter because they both depend mainly on rainfall which is more in the South If you check the value of what is produced, the south may be higher if cattle is not added and that is because of cash crops.

Trade Union Journals (Proposed)

Years ago, I proposed that trade unions should have journals and by and large, they would not be different from an academic institution.

A few days ago, I saw the video of an Igbo lady living in western Nigeria asking why the Yoruba people are fond of having associations for every trade and what do they do with the dues they collect from members? They are valid questions and I will take them one by one

Why do the Yoruba have Egbes (Associations) for every trade?

Barbers, Fashion designers, mechanics, vulcanisers, printers, car dealers, herbalists (Oniseegun), palm oil sellers, hoteliers, landlords, Agbegilere (Wood carvers) and etc all have unions in Yoruba land and it came to be as an age long practice that is used to regulate the trade in question and to transmit the knowledge to the next generation in an orderly manner. In other words, trade unionism in ancient Yoruba land was a form of open university. You might be a blacksmith or a brass worker that is a master and you only become that by studying under a master until he believes you have attained a first degree rank of expertise after which he will take you to other masters who will test you and set you free from apprenticeship to become a Master. The knowledge base grew by Masters collaboration and the knowledge is transmitted from Masters to apprentice from generation to generation. That system is why there are still Babalawos today with theological literature that is most probably the largest by volume on Earth but stored only via human memory maybe up to the nineteenth century.

Therefore why there are unions or Egbes in Yoruba land is that every civilization must devise a means by which to transmit its knowledge and know how to the next generation. The Egbes in Yoruba land were open universities in the past and so far the total population remain big enough and the cities remain bustling then the knowhow of the society will be transmitted to the next generation via the Masters to apprentice model while it grows via the Masters to Masters collaboration made possible by the Egbe. No Knowhow in constant use can be lost even if no literacy at all. However a city devastated by an epidemic will lose knowhow though more or less the same thing will happen even in a literate society. If on Earth today, our population goes below a certain threshold, then we are going to lose our civilization and most of its knowhow.
So in conclusion, the Egbes were Open universities in the past. Any city would have several Egbes and many of their trade secrets back then would seem to us like magic today. Today, it is still basically the same but there are now modern trades.

What do they do with the dues they pay?

Their executives get rich thereby is one thing that happens and if the union has workers, it will go towards their wages and other expenses. An example is the NURTW of self employed drivers whose leadership is always made up of very wealthy drivers in any community. Their work is they maintain order in the union.

What I think they should do with the dues.

1.They should be licensed as political parties and anybody that wins election on their platform should be paid from the dues in a new type of government where general elections only hold for legislative, supervision and oversight assemblies.

2. They should set up trade journals after the fashion of academic journals which will peer review submissions in exactly the same way academic submissions are peer reviewed before being published in academic journals.
Publications that meet the criteria of
Increasing the knowledge base of the trade
Increasing profitability
Increasing efficiency
Improving know how
Bettering expertise transmission
And other criteria

Should be chosen for publication in the trade journal and part of the dues collected per annum should be used to pay those whose work passed peer review to publication.

Those who do the peer review will be members of the journal board and they will also be paid.

However they will need a new rule of minimum qualification of literacy for prospective apprentices. Anybody seeking to learn a trade must be proficient in reading and writing. This will make them effectively an open university or at least an open polytechnic and they will experience a tremendous increase in fortune as a result

owobokiri:
In administration, "tax and spend" is nothing but the lazy man's alternative.
Do your research. It shows a clear case of lack vision and inventiveness on the part of political leaders..

To prioritise tax incomes from imperial foreign trading posts, over creating more jobs for the locals is wild.
It is not as if your so called tax earnings are being used judiciously to improve your life! All you want is to balloon the pockets of seasoned kleptocrats, and hope that somehow, the corrupt "trickle down effects" will reach your wailing pockets...
That is self deceit.

It is emberassing how some of us run from pillar to post in a desperate bid to defend the indefensible... One moment you guys are moaning about "import substitution" from loccal traders, few moments later, you are all good with even bigger imports by foreign agents, as long as you can collect taxes!
No worries about the huge capital flights involved!

What kind of Omo Onile mentality is that

All you needed to do is to mention one country that used your model of very low government revenue to GDP ratio to succeed.

Nextjs:
Do u understand the impact of what I type?

Do u want Nigerians who are into trading to pack their shops and become unemployed?

No they will compete. You don't need to tie other people's hands to succeed. What is needed is for the whole space to be well organized. Why would Nigerians go to other places and expect other nationals to be shut out from here? Let each government organize their space. Anybody in your space is helping you build

owobokiri:
When you are in a hole, stop digging..This topic is way above ypur pay grade..
If you don't know that the retail sector and agriculture provide the most jobs for the "not highly skilled" members of any given society, then you are an economic novice.
Don't allow ypur disdain for others to make you cut of your nose just to spite your face!

Everything is not about taxation for those of you who like to suffer and smile under the heavy weight of Tinubus/APC government relentless taxations.
You also have to look at the job market.. Nigeria is over 300 million people and half of that figure are nit gainfully employed...

Nigeria is not doing well in terms of manufacturing/exports.
Nigeria is spending an awful lot of her foreign exchange earnings in importation from China.
Now in your warped mindset, Nigeria shouldalso go ahead to allow the Chinese to produce, wholesale and retail, because according to your ogogoro analysis, the Chinese pay taxes too!?

Your tax earnings matters more to you than jobs for Nigerians?
You see how fundamentally removed from reality you are

Nigeria isn't up to 300 million. Not more than 230 million. Where you start from in case you don't know is taxes and you use what you collect to support production increase. Again you start from taxes. Raise minimum wage to be taxable, enforce it on all employers, direct half of the economy to the center and that is the only way to become a wealthy country. There is no other way. No country with tax to GDP of five percent and no oil resources is rich or can ever be rich

SonofElElyonRet:
"Dangote share is like a goldmine. The share is so cheap considering the potential of the share. It is estimated it has capacity to earn up to 12 billion dollars profit annually which can generate up to 132 profit per share. The costliest share in Nigerian Stock exchange now is ₦13,552.60 and it is Seplat Energy. The dividend it offered was about N123 per share. Dangote share has capacity to get to N10K or more per share in near future"
Facebook post.. misinformation or accurate?

Something that will earn 12 billion dollars per annum YOY must be worth up to 200 billion dollars

owobokiri:
The Chinese government has a law that forces Nigerian/foreign traders who wants to open shops in China to SELL CHINESE PRODUCTS. They have to employ Chinese citizens and pay wages to them, taxes and rents to the government and abide by stipulated Chinese laws.

Infact, that is even an improved version. There used to be a time when as a Nigerian, if you want to open a shop to sell stuffs in China, you basically have to use a Chinese as a "surrogate". So a lot of Nigerians started using the names of their Chinese wives. You can verify. Mind you, they are selling Chinese products to outsiders..

The Russian government banned Chinese traders from doing the same thing in Russia few years, just protect their locals from being flooded with Chinese products by Chinese retailers..
The Chinese were trying to set up this same sort of structures in Russia the..

Look, if you don't protect yourself, you would be used.
I am sick and tired of Nigerians and their untoward liberal disposition to international politics and trade. Folks should get a grip, learn the basics and protect themselves..

I'm out..

ALL YOU NEED TO DO IS TO ASK THEM TO INCORPORATE PROPERLY AND PAY ALL WORKERS INCLUDING BUSINESS OWNER A TAXABLE MINIMUM WAGE. THEY OF COURSE WILL NOT BE ABLE TO SELL CONTRABAND PRODUCTS

Government babies- The US healthcare and the Nigerian cement industries.

The mandate of corporations is not to help the economy or the masses. Their mandate is to further the interests of their shareholders by making them money. Those who are mandated and paid to help the masses are government policy makers. If corporations end up.helping the economy or the masses, it is only a by product of their action and not the objective.

Therefore know who to blame when any entity is milking the economy or the masses and it isn't the corporations. It isn't any entity following it's declared mandate to the letter.

Healthcare in the USA

All workers in the USA are mandated to buy health insurance. It is like a tax paid to insurance companies instead of to the government.
There is nothing wrong with insurance as a risk mitigation measure but there is something wrong with making people buy anything by compulsion. It isn't right to make it compulsory for all workers. Only tax payment should be compulsory for all workers.

Results

Healthcare costs per capita

USA USD 15,474 per annum

UK. USD 6, 747 per annum

Canada. USD 7,301 per annum

The statistics speak for itself

Proposed solution

Deregulate the healthcare industry by making insurance not compulsory. Let people pay out of pocket for healthcare if they so wish, then increase taxes and let government intervene when necessary on a case by case basis in such a way that nobody will go without healthcare or go bankrupt because of healthcare. Healthcare isn't up to one percent of the lifetime expenses of anybody.or of the average person.

As a matter of fact if infant mortality were removed out of the equation then life expectancy across the globe would be similar meaning that if another life expectancy metric like adult life expectancy were introduced then the point would be very clear. The countries spending half their budget on healthcare are not getting significantly better results than the countries that do not.
For example none of my paternal grandfather's children died young and of the eight children of the first wife of my maternal grandfather the first one, a twin died at birth and only one other died young of cancer after marriage and many children and people die of cancer in all countries. My maternal grandfather had eight children from his first wife and my paternal grandfather had nine. Calculate the life expectancies in those families. My Dad's elder sister born in 1939 is still alive.

If the USA deregulated the healthcare industry then the national life expectancy would probably rise since presently it is lower than UK's and Canada's.

The cement industry in Nigeria

The Nigerian government during President Obasanjo's administration banned cement importation but instead of setting up a government company that can be privatized later, he promised private investors to protect their interest.

The result after over a decade is

Lowest cement prices

Nigeria - USD 7.8

India - USD 3.6

Egypt- USD 3.8

Nigerian cement production capacity is now much above national consumption but the producers keep local prices high while selling in neighbouring countries at the international price

Proposed solution

Open the border to cement importation. The companies on ground are capable already and they have no further need for government protection.
It will bring down the cost of real estate construction and in the cities where rent is still ruled by an ideal market, the cost of rent will significantly drop but it will remain the same in other places.

References

An ideal market as defined by myself is a market where selling price is ruled by the cost of production while in an opportunistic market, it is ruled by demand and supply.

Kobojunkie:
Please, spare me the gobbledegook.

Again, if all you have to offer are theories and no real-world evidence of success for yourself and others in your area of study... real contributions to moving science and industry forward.... your degrees and titles are worth nothing to this world. 😒

I would say any peer reviewed publication is an evidence of success and you can't have 50 and not be qualified to be appointed a Professor. With even 25 you are a defacto Prof. It is surely an evidence of success to be accepted to such a degree by the academia. I don't understand why anyone would say it isn't

Of what significance is the size of Africa?

Africa is big but how many people can it really support? The population a land can support is determined mainly by how well watered the land is. For example a plot of land in say Osun state or Imo state in Southern Nigeria is worth more than 2.5 times it's equivalent in say Borno state in Nigeria in terms of agricultural productivity. If the Borno plot can produce one tonne of maize then the plot in Osun or Imo should be able to produce 2.5 tonnes and this is mainly because of water resources in the case of maize. Southern Nigeria can plant maize at least two times a year and the far North can not unless on irrigated land.

In the same way, Africa as a whole is big but it also contains the largest hot desert on Earth by far. Land that is almost useless for Agriculture India on the other hand is maybe one sixth of Africa but the land is well watered, very fertile and it feeds more people than the African population. It also produces excess food for export including excess cattle.

Therefore it is not the dog in the fight that matters but the fight (water resources) in the dog when it comes to land resources. Many countries that are many times the size of Nigeria will never be able to support twenty percent of Nigeria's population. You may think you need some resources like crude oil and etc as a nation but your most important need is actually water resources. Water is life

Kobojunkie:
If they are not entrepreneurial types, what are they? What value is anything they have to teach if they do not have real-world success in putting those ideas to good use? 😒😒

2. Many, but not all. College degrees are not all valueless. Many of them can open doors or allow one to create doors for success in business or society as a whole. When a degree or title does not open or create doors to success for the one who holds the degree or title, then it is essentially of little or no real value to society as a whole.😒

So you do not know anybody that contributed to human advancement without becoming a HNI? There are countless such people. Not everything is about becoming a HNI. To have enough papers to be awarded a professorial seat in a university is a significant achievement. To acquire even a BSc is a significant achievement

What is special about primary protectors and God grid members?

Primary protectors are senior spirits on male incarnation that collect tax from other spirits to be remitted to the God grid. Each spirit on Earth has two primary protectors whom the Yoruba call Olori Egbe in their theology. You split ten percent of the food you harvested on Earth into two and give one part each to your two primary protectors for onward transmission to the God grid. When you are going to be promoted in managerial ability, the two of them will be the ones to promote you too.

The God grid members are spirits on female incarnation that are also in a 300 year term membership of the God grid. They are direct peers of God because they are in the same panel or committee and they make decisions together. The main difference between them and God is that God can not be incarnated on Earth. They are obviously what is referred to in Yoruba theology as the Iyami Eleye.

If a primary protector is being incarnated on Earth they will be inaugurated with 500 Oyeku Ose

If a God grid member is being incarnated on Earth, they will be inaugurated with 150 Oyeku Ose.

The said Oyeku Ose are protector/Guardian spirits that may or may not be on an incarnation. A primary protector or a member of the God grid can also be an Oyeku Ose for another person.

For this reason, an incarnated primary protector or God grid member can't be frivolously killed.

However, ordinary people with spirits that is not ranking are also granted Oyeku Ose if they start something and the number you can be granted is not limited. Maybe you became a President or a high ranking monarch and etc, then you will be granted Oyeku Ose spirits for your protection and etc.

There is nothing special you need to do by way of loving God or serving God before God yields for you. Such claims are religious nonsense. A child does not need to do anything special before the parents care for it. God's help is automatic when you deserve it.

joefelin2345:
And what impact did that has for for the common man in Nigeria if I may ask?

They wrote a pile of peer reviewed papers that were published in reputable journals all over the world. Their peers respect them. They are authorities in their fields. Many of the names are well known in their academic circles globally

Late Professor Abayomi Lawanson born in 1943 became a Professor of Botany at the Obafemi Awolowo University in 1980 at age 37.
The ones that became a Prof by 32 must have graduated by 20 years of age or at most 22.

francesfrances:
Please, due diligence is advised

For your investment in this refinery at N525 to generate a return of at least x1 or x2. It implies this refinery valuation has to increase to >90 billion USD or >141 billion USD. Currently, it's rare to find any refinery with petrochemical industry with even a valuation of 60 billion USD

Ifyou invest 20 billion dollars you should be able to have an income of 2 billion dollars oer annum after expenses. Now if that investment were real estate, how much will it be worth? What retail investors buy can be classified as real estate. It is in that category. A rent income of 2 billion dollars per annum is coming from a real estate worth over 40 billion dollars

Could the problem be my views about religion?

If the idea of a last Doctor, teacher, nurse, lawyer, priest and etc can not be tolerated in an ongoing world where people are born everyday as the idea will be immediately dismissed as stupid, how come the idea of a last Prophet is being tolerated and being allowed to be spread in the public space despite that the harm it causes is apparent?

How too can a society or a nation in this modern age be comfortable with NGOs operating in their country with an article of memorandum saying the whole world must accept that the crime they will commit in future was paid for two thousand years ago via the death of a man accused of heresy and executed by his people that far back? How can you expect morals to be the norm in such a society? Responsible behavior in such a nation will at best be seen as not necessary and at the extreme be seen as foolish.

Those are my positions that I hold in the public about religion (Christianity and Islam) and I will abandon them as soon as I hear a better argument. They should not be the reasons why the FG of Nigeria should use my ideas freely without me benefitting anything even when I have no income.

Irony1:
Oga stop trying to deceive people here with investment terminoologies. It is as rare as a solar eclipse for a state govt to fund you. Why are you so insincere?

Wema bank was funded by the Western region
A mortgage bank was originally founded by Osun state but they now have a core investor with a bigger stake. It is no different from funding a start up that much. I will find out the name and address it later

RLG Adulawo was funded by Osun state during Gov Aregbesola

IBPlc, Lafarge, Guinness etc were all funded by the government of the defunct western region of Nigeria and they are all still in operation

Edit

Living trust Mortgage bank was founded and then listed on the NGX by Osun state and there is now a core investor with a larger stake

RLG Adulawo is in the same category but it isn't yet listed on the NGX. Any company in any industry can be funded in the same way

Irony1:
You miss the point. For SA you are attacking fellow Africans that don't have the same leverage you have as they are coming from poor economies. The Chinese on the other hand it is intentional their govt gives them the advantage of giving them grants and loans at single digit rate. You as a local person you cannot compete so they already have the advantage to launch and scale a business quickly in Nigeria as against a local, and again they don't help the economy as other multinationals do. They ship the entire profits out of Nigeria, the specialised jobs they employ only Chinese for it to limit knowledge transfer. This is the fear people have

If government has a bank, they can only give you loans at market rates. If it is not a loan then it will be an investment which gives the company more leg room. You as a Nigerian can also seek funding. List your company on the NGX or write a proposal to your state government to fund you. They can also fund you at a rate cheaper than loans but the cheapest funding is the stock exchange. There is no free lunch anywhere

owobokiri:
No one wants to protect big Nigerian traders.
And we know why. Don't we? Stop hiding you heads un the sand like them ostriches..
The trading sector in this country is basically owned by the hated tribe. So they have been left to hang and dry. No law, no bill, no edict has ever been made since 1966 to protect traders. Rather they have always been framed as the bad guys responsible for inflation.

But ultimately, it is Nigeria that will pay..., as usual.
The money that would have stayed in Nigeria, will be spirited off to China. Traders build houses with Dangote cement, bank with local institutions, spend locally here. The Chinese will repatriate all back home.

The Chinese are good at this..
They will produce, wholesale, retail and basically eliminate your local middle men if you don't take actions..
It is the job of the government to step in and do something. But again, the government is being run by those tearing down markets in Lagos!
It's a long thing..

There is no way you won't spend ninety percent of your income where you made it. Are you not going to eat, board, enjoy life and etc?. If people are in your country, it is a plus unless you have an inept government that does not know how to gain from that for the benefit of all

You should be happy that people are coming to replace those who left. If you organize your economy it is a huge plus. Any population addition is a huge plus

What would have happened in the Yoruba country and West Africa if no British colonisation?

In the words of the late Professor J F Ade Ajayi, erudite historian and former vice Chancellor of the University of Lagos. 'Ibadan in the nineteenth century stood astride the Yoruba country like a Colossus'. It is important to highlight what led to that.

The background

The Oyo empire lost Dahomey, Egba and Ilorin and as Ilorin was the closest to Oyo ile the capital, Alaafin Oluewu decided he must retake Ilorin despite that the Ilorin were not trying to expand. He enlisted the support of King Eleduwe of Borgu. Both of them were captured by the Ilorin during the war expedition. They were executed and buried in Ilorin. Oyo ile was left leaderless and the people panicked because of the unexpected death of the Alaafin. It is a kind of the same scenario of the Philistines fleeing because David slew Goliath. The people left the city in droves and they are the ancestors of the Modakeke. They also went to places like Ibadan, Oyo Atiba, Ogbomosho, Iwo, Ilorin and etc later. Ilorin burnt down the remnants of the city.

It was at that point that Ibadan began to grow. Ogbomosho existed before Ibadan and it was the Ijesa that stopped the first advancement of Ilorin to the South during the Poole war before the Oyo got their acts together.

Ibadan swelled in population and assumed the leadership of the Oyo nation while not tampering with the ceremonial position of the Alaafin headquartered at the new Oyo Atiba. The Ibadan after several wars including the Fejeboju war at Okemesi where a river turned red because of blood flow and etc put the Ijesa under them as a province. The second attempt by Ilorin to advance South was in alliance with the Ijesa who rallied Ilorin support to expel the Ibadan from their territory. Ibadan decisively defeated the Ilorin at Osogbo by the Ibadan infantry attacking the Ilorin calvary camp at night using a predetermined password to know who is who in the darkness and the members of the Oyo royal family apprehended were sent to the Alaafin at Oyo Atiba for prosecution.
There were other battles, skirmishes, operations, expeditions etc involving large scale movement of troops eg the Jalumi war where the Ijesa, Ilorin etc were pitched against Ibadan, Ogbomosho, Offa etc. The Ilorin calvary drowned in the Otin river after the Offa army cut the bridge on seeing that the Ilorin were on a full Northward retreat hence the name of the war Jalumi. It was the war that put Ilorin under Ibadan because it weakened Ilorin. From that time, Ilorin did as they were told by Ibadan though grudgingly. They went to war on behalf of Ibadan and paid taxes to Ibadan and there is an account in Rev Johnson's book 'The history of the Yoruba' talking of when Ibadan queried the Ilorin on why they didn't go on an expedition that they were directed to go on and their answer was 'We set out but we encountered Esu camped along the way and since he is our traditional enemy, we had to camp against him'. That was the relationship between Ibadan and Ilorin before the Kiriji war broke out leading to the Ilorin seizing the opportunity to align once again with the rebels as would be expected until the British came to the warfront on invitation by the Yoruba elite to come and end the sixteen year long conflict.

If the British had not come at all

What would have happened if the British had not come at all was that the rebels led by Balogun Ogedengbe of Ijesa would have buckled. Ijesa and some Ekiti (not all) and some Akoko could not have held out indefinitely against Ibadan, Ogbomoso, Ede, Iwo etc. Either by compromise or by outright defeat, the Ibadan led side would have won even if it took a century. The battleground was on or close to the territory of the rebels.
On quelling the rebellion, Ilesa might have been disestablished traditionally and I think it was disestablished more than twice since Ibadan was established. The attention of Ibadan would turn to Ilorin as the two strongest allies of the Fulani in Yoruba land were the Ilorin and the Ijesa. Ilorin too would have been disestablished by Ibadan. There will today be at most a small village on the site or it might be a forest like old Oyo. Places like Ijero, Ado Ekiti etc that refused to join the rebellion against Ibadan would be strengthened to continue the commission earlier given to Balogun Ogedengbe to operate in the Eastward direction.
Then the attention of Ibadan would have turned to Sokoto afterwards.

On the side of Ibadan would be the Borgu calvary and the other Yoruba nation states and their resources and on the side of Sokoto would be the Hausa states that they are able to rally mainly Kano.

Other Yoruba nation states that were disestablished in the way described above in recent times include Owu, Ijaiye and etc. Ijaiye back then hosted an Aare ona Kakanfo in the person of Aare Kurunmi before it started having issues with Ibadan that led to war and disestablishment. If not for that, Ijaiye would be as big and as prominent as other cities that hosted Aare ona Kakanfos including cities like Ajase (Porto Novo), Ibadan, Ilorin, Ogbomosho and etc.

The winner of the confrontation between Ibadan and Sokoto would have formed something not much different in size and resources from today's Nigeria.

Lagos is 3.5 times the population of Delta. There are poor people in Delta and poor people in Lagos. What Delta has that Lagos lacks is oil and gas yet Lagos have some.

So if per capital income is 1.5 k dollars and Delta is 7 million it means GDP of Delta is like 10 billion dollars while Lagos is at least 30 billion dollars if they are the same cost of living but they are not. Lagos should be up to 45:billion dollars if we correct for the cost of living. If we now add 5 billion dollars oil to Delta GDP it will make it 15 billion dollars against 45 billion dollars for Lagos

But Delta may not be up to 7 million in population.

Space required for the solar panels is like the roof top of four 4 bedroom bungalows