Olas24u's Posts
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Truthisunique2:You know you don't have a strong culture, that is why you call omoluabi ethos slavery. |
Young042galaxy:That is not an argument, it makes moral sense to support the political aspirations and plans of your host in Yoruba land. You cannot be living and making money here and then when it comes political decisions that affect our future, you align with northerners, we broke the jinx by aligning with them in 2015,and you could see the result, you don't know how to play opposition politics. We have been in opposition for decades. UPN, AG, SDP. |
MAGG0T:Scrap |
Young042galaxy:Am not using emotions like you, check budgetIT ,check internally generated revenues ,even some northern states contribute more to the nation.You see that is why they dont take you guys seriously,you must have something you can use to fight ,that will affect government.ogun state contributes 40 pecent alone ,they have the most industries in Nigeria ,not houses .they have factories that pay excerise duties,custom duties,VAT,company taxes ,technology taxes,educational taxes,not emotions and empty boast. |
tibikarak:Its a strategy ,and deliberate ,tbey are not planning to capture the country. |
Young042galaxy:Did you get the money in igbo land ?You dont contribute to the federal purse ,you are talking of individual achievements,Lagos ,ogun ,ondo contribute to the national purse .This is the money your goverment spend .building a house is no longer an investment like it use to be in time past |
Young042galaxy:Nigerians own homes in most manor cities inbthe world,even lebanese people seating down in lebanon have skyscrappers in Lagos and they just collect rent.your own brain is wired to migrate and go an build a house and live in other people places.Am talking from investment point of view ,you are busy talking 1plot of land things.coperatives buy 100plots for their members,hold for a period and sell when it appreciates . |
Young042galaxy:We are not on the same page,i just told you of people buying land in groups and developing it for higher returns while they remain in their domains.you are busy talking about another thing,the reason why you leave your place is because of lack of opportunity there.Adron homes sells land to you from here in lagos in many cities of nigeria ,east is not there.you are talking of settling in other communities ,when you have opportunities in southwest . |
PointZerom:Funny you ,what type of envy? |
Young042galaxy:Hong kong is small in size ,its not an excuse ,investors will be ready to build sky scrappers if returns are good.soludo has does plans if they allow him |
Pierocash:Using the exchange rate has not been accurate Nigeria is also probably larger |
An interesting thread by Arnaud Bertrand. Westerners used to think that Russia's economy was the equivalent of a small European country - a gas station masquerading as a country as US Presidents like to sneer. Maybe never before has an economy's importance been so grossly misjudged. French economist Jacques Sapir explains what happened to him "the war made us realize that the Russian economy is considerably more important than we thought" He says that a big reason for this misjudgment is exchange rates. If you compare Russia's GDP by converting from rubles to $, you indeed get an economy the size of Spain's. However this is the worst possible way of comparing the size of economies. A slightly more accurate way is to adjust for PPP (purchasing power parity). When you do so, you already realize that Russia's economy is actually more like the size of Germany's. BUT you also need to take something else into account: "What is the share of the service sector versus the share of the commodities & industrial sector?" To Andre' Sapir, the service sector is today vastly overvalued in the world compared with the industrial sector and commodities. He says that when you adjust for this Russia's economy is vastly bigger than Germany's. His estimate is that Russia represents in fact maybe "5% or 6% of the world's economy", almost double the size it's normally estimated at on a PPP basis. This is a fascinating way to look at it and it rings very true. This crisis is making us realize that we used to take manufacturing, the industry and commodities for granted, i.e. an antiquated side of the economy compared to shiny new "services". What we're going through is leading us to a huge rethink. This will undoubtedly make us conclude that what we used to view as antiquated is much more valuable than we thought. Ironically this will force a revaluation of the Russian economy that's very much in their favor. It's also very interesting to revalue China's economy through that lens. If we look at the Chinese economy simply based on exchange rates, it is a $17.7 trillion economy to the U.S.'s $23 trillion. However, if we just look at it on a PPP basis we realize it is already an almost $27 trillion economy. This means China's economy is already close to 20% larger than the U.S.'s. Let's also revalue it by assuming that the service sector holds much less value than previously thought. The service sector is about 54.5% of China's which is even less than in Russia (at 56.27%. This means that if we roughly apply Sapir's ratio for Russia to China, we're in fact looking at the Chinese economy being probably about 30% of the world's economy on a PPP basis instead of the 18% it's currently estimated at. All in all, this means that China and Russia's economies combined are in fact likely about 35% of the world's economy when taking PPP into account as well as compensating for the over-valuation of the service sector. The service sector accounts for roughly 77% of the U.S. economy and 70% of the EU's economy. This means that conversely, the U.S. and EU's economies are probably overvalued today. Consequently, while we used to think that the US + the EU make up about 30% of the world's economy on a PPP basis, this is probably vastly overvalued since their service sector is such an important share of their economies. To conclude all this might end up making us realize that the Chinese + Russian economies combined are in fact far larger than those of the West. Maybe as much as 40% larger if we assume US + EU is in fact maybe just 25% of the world's economy vs 35% for China + Russia. As someone commented on Russia, an economy that dominates wheat and fertilizer markets is more important than one that sells aps and tanning cream. For all of us, worth a rethink! https://www.google.com/amp/s/www.benzinga.com/amp/content/26596613 |
Kuruptnigga:It's should command good prices and returns, Nigerians have houses all over the world UAE, United Kingdom, United States, Malaysia, Turkey, Kenya, Tanzania, they don't live there but make income, so if your place commanded good returns with good laws to guide investors, they will pay. I am sitting here in lagos, and through my club I have land in Abuja, lagos, porthcourt, nassarawa, Ghana. So what is east of Nigeria, that you can drive around the whole place in 6hours |
Kuruptnigga:The biggest real estate moguls are here in lagos, even Adron homes have land all over Nigeria but not in the east, go to www,adronhomes,stop thinking about 1plot of land. They need acres to create real estate value in partnership with your government. Apple Island, banana Island, orange Island are all supported by government in lagos. |
Kuruptnigga:The money made in Niger state, should be used in Niger state. Control your resources. |
Kuruptnigga:Yoruba land is rich, use your head, the money made here, should be used here.,not shared, use your head. |
bomb24:What are your univeristies producing |
PointZerom:How come people don't talk about isokos, urobos, ijaws, itesekiri, efiks all in the lagos area? How come its igbos? Ask. Yourself. |
PointZerom:All lands belongs to government. Whose is lazy? The government? |
Baawahala:Professor nwabueze was advising him,there is no excuse . |
PointZerom:I don't know what you are writing about |
PointZerom:You pay land use charge to the state government, c of o was issued by the lagos state government, go and read the content of c of o, governors consent and the rest. Abraham movich of Chelsea football club, had all his account siezed in Europe, what make you think it's yours. You are in business with the state and the more real estate transactions you do, the more the money the government makes. |
Baawahala:What did obj do? I don't know what he did |
Baawahala:That is the foundation of all what you have listed. GeJ could not have become president despite being a vice president,if not for protest from bakare odumakin, and the rest. Because of the unitary system, you have empowered a section who learnt from you people. |
Baawahala:So you have not heard of western region before? We have full autonomy, you guys ended it. With that your crying lawyer who drafted all the shit for ironsi. |
PointZerom:What is blessed, without generational wealth. Your okeke and sons does not pass Nigeria or go beyond Nigeria. |
[quote author=PointZerom post=112046661][/quote]What is the reality? 200million people will produce more GDP than 20milliin people. Very simple. 200million people will be able to fight 20million people and defeat them. |
Baawahala:Igbo restructuring is different from what Yorubas want you guys state police, you want more states, you want state of resident instead of state of origin. Many opposite demands. Yorubas want full autonomy, we just pay taxes to the center. We don't want 5 vice president like you guys want. |
PointZerom:The future is population in economics. Israel is a creation, all the Brics countries have population, Brazil 212 million people, Russia, 100 million, India 1.4billiin,china 1,4billiion,south Africa 50million.check next 11 countries, members of the Shangai corporation, check euraasia countries. |
IDENNAA:He has been in politics for decades, he was a senator representing lagos in 1992 and the election was annulled, having gained knowledge over the years, he deployed his skills and strategies. If you were a thinker, you will know what is needed to get to that level in politics. Centralisation has created a dominant power in Nigeria political class. The fulani hold power, and monopolise the army, centralise the finance. If you were a politician what can do you do to free your people. As far back has 1993 you needed 10bilion naira to be able to contest successful a presidentai election. They siezed lagos allocation and he created wealth for lagos, 40billion a month from 600million, you call him a thief. |
Baawahala:It is because of centralization of power , and your mess is what we have been working to clear for decades. restructuring is about clearing your mess. Unitary system it hinders development and creates poverty at the lower level, makes government far away from the people. |
PointZerom:Oyo state is 29,000 square meters, the whole of south east is 28,000 square meters. Am talking of land mass. And you are not populated, you are not having kids, that is why their is an increase in merchandising stolen kids and baby factories. You marry late and they have complications after. |
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remember they said Ukraine will not last a week.