₦airaland Forum

dearpreye:
My brother, we ought to be smart.......These days are days that demand wisdom.

dearpreye:
My Oga, I'm in support of any internal wrangling within our political parties so far it will usher in a new era of personal accountability and probity. The current ones are still far way from the kind of political parties any serious nation deserves.

I believe, like gold tried in the fire, the PDP will come out stronger and better placed to give the ruling party a serious run for its money.

I demand a better country. .....

Super-rich: 62 people own as much as half the
world

Report by UK charity Oxfam calls for a
crackdown on tax havens as the world's
wealthiest hide $7.6 trillion from taxes.


About $7.6 trillion is hidden in havens, depriving
governments of $190bn in tax revenue every
year.

The world's richest 62 people now own as much
wealth as half of the world's population,
according to a report by the charity Oxfam.

Super-rich individuals saw an increase of 44
percent since 2010, taking their cumulative
wealth to $1.76 trillion - equivalent to the total
owned by 3.5 billion of the world's poorest
people.

The UK-based charity on Monday also said tax
havens were helping corporations and
individuals to stash away about $7.6 trillion,
depriving governments of $190bn in tax revenue
every year.

Speaking to Al Jazeera, Oxfam Australia's Chief
Executive Helen Szoke said there were no
appropriate mechanisms to check if wealth was
being shared appropriately.

"We believe there is a need for commitments
from global business leaders and political
leaders for major tax reform to get rid of the tax
havens," Szoke said.

"There's too much leakage of what should be
paid in taxation exacerbating this gap [between
rich and poor]."

Referring to economic growth in Western
countries, such as her native Australia, Szoke
said little wealth was reaching the impoverished.

"The startling figure in our domestic context in
Australia is that where there has been wealth
generation in the past decade, none of that has
actually trickled down to some of the Australians
who are poor."

Lack of action
Oxfam said wealth was being concentrated in
the hands of increasingly fewer people, while the
world's poorest continued to get poorer. In 2010,
388 people owned as much as the world's
poorest 50 percent.

Mark Goldring, Oxfam chief executive in the
United Kingdom, said the stated concern of
world leaders over escalating inequality was not
being matched with action.

"It is simply unacceptable that the poorest half
of the world population owns no more than a
small group of the global super-rich, so few you
could fit them all on a single coach.

"In a world where one-in-nine people go to bed
hungry every night, we cannot afford to carry on
giving the richest an ever-bigger slice of the
cake," Goldring said.

The organisation is calling on world leaders
meeting for the World Economic Forum in the
Swiss city of Davos later this month to crack
down on tax havens, ensure fair wages, and
invest in public services.

www.aljazeera.com/news/2016/01/super-rich-62-people-world-160118033855025.html

babyfaceafrica:
you mean the ipod miscreants from the red soil region

modath:
Soludo is a kunu sipping efulefu!!

How dare he besmirch hero's name!

Hero is a saint, he is infallible, his Nobel prize is loading!

knightsTempler:
All na wash abeg

Nigerian Politicians can turn himself into a bus conductor, meat seller, or even "shit Parker" if they want your vote, but as soon as they win the election you will begin to see their other side.

kliq:
lol you sure did

kliq:
Op you need to Man-up like fck the world,you can't possibly please everybody ...now come and finish what you started

goodlifehyd:
You for just book space and talk this one later, e fit wound the guy moral lol, but to be frank Dasuki and that drunkard, don Fortunato really messed things up

abduljabbar4:
I won't insult you

Explorers:
Bro am i making any mistake

Mishydoo:
Are we even progressing as a country with this war against corruption?

PassingShot:
It's unfortunate that we just have to look back given the present situation of our economy. The situation has been brought about by GEJ's failure to save during windfall from oil sale of average of $100 a barrel. He instead reduced foreign account fromm $44bn in 2011 to $29bn in 2015. The question is, what did he do with the $15bn difference and the excess dollars earned in that period?

Can any supporter of GEJ sincerely answer that what he 'achieved' commensurates with what we earned?

The hardship of today is a result of poor decisions of years past.

I don't envy PMB and his team at all. They inherited a hemorrhaging economy at a time oil price is crashing on daily basis.

Jdesilentkiller:
Who are you?





Dont get me wrong........I will follow you now.............




Its just morality...............

poseidon12:
Shake oil is not an alternative to crude oil. Shale oil is also crude oil. Shale just refers to the new technology they are using to extract more crude oil which is different from the conventional drilling method.

omohayek:
To fully capitalize on the things you suggest will require substantial investment in road and (especially) rail transport infrastructure, as well as improved air and sea-port facilities. All of these things will require huge amounts of money to make a difference, and such large sums will be most easily raised from private foreign investment. Too bad the current government is doing nothing to actually encourage such FDI.

tempest01:
it won't reach 10...What is the cost of production? Oil has an inelasticity of demand effect, meaning that the price is not affected much by quantity supplied.

If opec (which Nigeria and iran are part of) wants to increase oil price tomorrow, they will.

The problem with the oil price is with US and their shale oil.

Lighthouseman:
Commodity prices are down because of the slow down of the Chinese economy. We can only farm to feed but for trade..... Forget it until 2020.
International Agric business are done years ahead based on orders and I don't think we have such for now.
Agric Wil continue to sleep until marketing boards are brought back so that farmers would know before the commence production the guaranteed market price.
Secondly, our use of land would have to be reviewed because agricultural lands are shrinking. Where u currently built ur house was most probably a farm land due to massive urbanization. Residential areas should be well mapped out, encourage the building if sky scrapers or high rise buildings to minimize land use
Agric has gone through modernization so lot of know how is involved. Let's do lot of research on hybridization, short duration crops & extension services with private sector involvement.
My doubt Is apc is a socialist oriented government which would have its hands tied.

jerrythafinisher:
the last one tho .... Laff wan kill me die

Kikero112:
Even if we saved....at best we would have reached $70-100bn.

Last year....Saudi Arabia spent $124bn to prop up their currency.

We would have just postponed matters by a year. The Saudis that have $600bn left are over-worried.