₦airaland Forum

AchalugoNwa:
lol

only those that doesn't know Anambra politics will be talking nonsense.

they're being deceived by Apc scored second.

Ngige joined APC and was retired politically

Andy Ubah joined APC and never returned to senate (technically dead politically)

Ekwunife nearly killed herself politically by moving to Apc.

the fastest way to butcher yourself politically in Anambra is to join Apc
an average Anambra man sees Apc as a blood sucking party.
it's a no no.

that Apga is doing well in Anambra is because of Ikemba sentiment
they akwa vote PDP in general elections and national assembly.
Anambra is naturally Pdp state.
trust me nothing can change it
if this news is true then I can proudly say
RIP to Apga


Monogamy don't put mouth in my state
it'll end in disgrace for you

Rissamenti:
Development takes countless DECADES, even up to a CENTURY OR MORE unless you are 'lucky' enough to be:

1: A tiny gulf state of 2 million people with gazillion amounts of crude oil, like Kuwait or UAE

2: You happen to be one of the 4 Asian Tigers which were deliberately selected by the west for technology transfer, free western market access for their finished goods, and heavy funding/easy term credit facilities, all done to create capitalist bulwarks to checkmate rampaging Soviet communism in Asia Pacific after WW2.

3: A 'China', which imposed brutal, communist military dictatorship, which banned ALL IMPORTS for 30 years, forcing the people to be self-reliant at gun point, and ride in bicycles till they developed indigenous technology to build their own vehicles, etc. A policy that led to brutal crackdowns on dissent, numerous extra-judicial killings, and thousands (if not millions) of political prisoners, and a ban on free speech and political association which continues to this day.

Rissamenti:
If you are talking about non-oil income, as a result of diversification, it continues to go UP and UP. We are doing well in diversification of income sources.

''The federally collected revenues in Nigeria include oil and non-oil incomes. The oil revenue comprises Oil pipeline license fees, Royalty on the extraction of oil; Rent of oil well and grounds; Sale of petroleum and gas; Penalty for gas flaring. The non-oil revenue includes personal income tax; company’s income tax; capital gains tax; withholding tax and all for forms of indirect taxes (ATSWA, 2009). The non-oil revenue is more integrated into tax revenue sources.

In the last four years, non-oil income in Nigeria has been progressive. It increased from N2, 693.9 Billion in 2016 to N5, 536.66 Billion in 2019 (CBN Statistical Bulletin, 2019). In 2019, non-oil revenue composition was Value Added Tax 25.1%, Customs and Excise Duties 17.9%, Corporate Tax 35.7%, Federal Government Independent Revenue 10.9% and forms of taxes 11.1% (CBN Annual Report, 2019). The progressive report is a piece of evidence that tax revenue is very pivotal in driving an economy, especially an emerging market.''

https://www.abacademies.org/articles/oilandnonoilrevenuesassessmentofcontributionstoinfrastructuraldevelopmentinnigeria-9934.html

Rissamenti:
Roughly 35 billion dollars a year, which is our annual budget.

So we have earned 160 to 180 billion dollars in the last 6 years, most of which came from crude oil sales.

Rissamenti:
50 billion dollars over a 6 year period is PEANUTS for a country of Nigeria's size and population.

What ''tangible things'' are you expecting to see with such a TINY amount?

Do you know how much Nigeria spends just to pay civil servant salaries in a month, talk less of one year?

Rissamenti:
In 2015 our debt was around 25 billion USD.

THE key thing is that Nigeria's DEBT TO GDP RATIO IS STILL VERY LOW - AT 34%.

It is Debt to GDP ratio that international finance looks at when deciding if a country has the ability to repay its debt. The higher the ratio, the less able it is considered to repay it. The lower the ratio, the more able it is to repay debts.

Here is a list of nations by DEBT TO GDP RATIO.

As you can see, Nigeria is VERY WELL PLACED, unlike the likes of USA with 108% debt to GDP ratio, or (Lord Almighty), Venezuela with 350%

https://tradingeconomics.com/country-list/government-debt-to-gdp

As of December 2020, the most recent official data available, Nigeria's public debt was $86.3 billion

Rissamenti:
Sure. If you insist.

As of December 2020, the most recent official data available, Nigeria's public debt was $86.3 billion, of which ONLY 3.3 billion dollars is owed to CHINA.

https://qz.com/africa/1994765/how-much-debt-does-nigeria-owe-china/

So in terms of debt, Nigeria is pretty much OKAY.

Rissamenti:
No, but I can show you America's debt.

28.19 trillion U.S. dollars

MOSTLY TO CHINA.

''In May 2021, the public debt of the United States was around 28.19 trillion U.S. dollars, over 2.4 trillion more than a year earlier, when it was around 2.7 trillion U.S. dollars.''

The day America CRASHES, the whole world will reverberate with the sound, and numerous American analysts have predicted that that day is not too far in the future.

That will be one less white country to ass-kiss for y'all slaves.

https://www.worldometers.info/us-debt-clock/

November1857:
Do you even understand IDP camp! Poverty striking stunts..

rolchi:
GEJ did a lot including appropriate pricing of gas. Without appropriate price regime, nobody will invest in gas. Liquefaction of gas is expensive but profitable.

thebosstrevor1:
I dont think so, the rich spend more on data than poor people.

4kizo:
Oga hungry never catch you at the wrong time