Even spending 2.5billion to clear 3200 hectre amounts to like 780k to clear 1 hectre or 316k to clear one acre

Is this how expensive it is to clear bush

they should also deploy more security to that area cos this people might come back to attack that area

what is the need when they will still be teaching in a university that does not have the required facilities
why not use their four year money and the money you'll be using to furnish their stay to improve even a department to the required standard

I am very sure majority of this people deos not know that this is just a primary(besides it is even non opposed). that's why it easy for politicians to brainwash them

looking at all this people, how they are all appointed officials, how can we get it right when everything is politicise, when positions that requires economist are filled with people from other fields

this is why I sometimes don't blame this banks when they take it out on their customers. cost of doing business is just so high in this country
after spending much on PHCN,DIESLE, FG TAX, STATE TAX , LOCAL GOVERNMENT TAX , mhen I tire o

this guys with their desperation. In this their insurgency ravaged state they still have this kind of money

ECONOMIC GROWTH OR DEVELOPMENT: WHICH IS NIGERIA ACTUALLY TRAILING

The spontaneous conception to an average man on hearing things like; the nation's GDP grew in certain period; the economy is growing at a particular rate; we will increase growth in a particular sector, we tends to equate growth with development. Or more plainly stated, believe that things are/will become better(say economically, socially, politically,technologically and beyond in terms quality of life or standard of living). Thus, lays credence to why politicians sometimes uses these statements to gain/manipulates people's concent in the polity despite the apparent reality proving beyond reasonable doubt that growth sometimes doesn't leads to improve quality of life, in fact sometimes, it deteriorates it.

To get a clear picture of this, there is a need to venture into what growth and development actually entails, to know if there really is a correlation between the two and why is it that people equate growth with development. All these will become unraveled as this review unfolds.

Growth simply means increase in productivity or income within a period of time usually measured with indexes like Gross Domestic Product, Gross National Product, Gross National Income-recommended by the united nations (UN). Say i could produce 100 bag of rice a year ago but 150 bags now, therefore there has been an increase in growth,(just like the second quarter of 2017 GDP figure released by the NBS-national bureau of statistics. Growth can also be negative, that is, a reduction in productivity or income(like the 2016 GDP data that put the Nigeria in recession). By now you might already be thinking that if growth sometimes deteriorates living conditions,then is probably a negative growth. Am afraid to tell you that even a positive/increase in growth sometimes do. This will come clearer as we examine the meaning of DEVELOPMENT.

The quest for what Development means was spurred by the lapse in growth spotted above as economists, sociologist, scientists and even psychologist began to question this inadequacy. You might be think that development means a well structured economic, political, social, legal, technological systems or think of it as a country with the abundance of all the infrastructure that runs within your imagination, or even think of it in terms of a comparison of countries that fall within the broad global stratification of first and third world countries. Actually, development is all this and beyond. I like to think of it as an achievable utopia, which is why its meaning has and will continues to change with time and there is yet to be a unanimous agreement on its meaning. Despite this lapse, there is still a wide acceptance on measuring development within the assessment of a consensus of indexes like Gross National/National Product, per capital income adjusted by purchasing power parity(PPP), human development index(HDI)- of the united nations development program(UNDP). It is also surprising to know that Nigeria remains in the 4th group and 152 in position of the 2016 HDI data despite her recording an increase growth over the years).

Development tries to focus on the betterment of human; their welfare becomes important here; their health; their knowledge (education); happiness level; and goes beyond mere increasing income or productivity. A country could be able to increase income or produce more over a period but her people may still not be happy or more so meet basic needs(say education) due to other influences.

Also, it might be rosy to continue to increase growth in the present but becomes unsustainable as time passes, which is why i would like to introduce the concept of SUSTAINABLE DEVELOPMENT.According to the Brundtland Report,
"Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs. It contains within it two key concepts: the concept of needs, in particular the essential needs of the world's poor, to which overriding priority should be given; and the idea of limitations imposed by the state of technology and social organisation on the environment's ability to meet present and future needs."
it focuses on the limit of human needs/desires in relation to the environment; that is, these needs could only and would continues to be met so long as the environment is still available to do so. Things like pollution and degradation comes to mind here. Therefore, as we tread the path of growth, the environment should only not be harmed/neglected in the process but also protected so development could be achieved else, development could be hindered in the long run. Nigeria for instance has been able to increase her growth (though primarily through the oil sector) but depleted/harm the environment severely in this oil region which now makes her have to spend a huge amount in recuperating this region instead of spending that same money in other developmental projects.(so we increased growth but alongside hindered development)

Now that it is obvious that growth doesn't equal development, it is worth noting that development cannot be achieved without growth. In fact, growth is a very necessary condition (how can you expect people to be happy if income is not included which is also why we tends to equate it with development for its impact could easily and quickly be felt) but not alone sufficient for meeting development.

Finally, as talks/policies/figures on growth are taking the air, we need to examine them to know if they are channelled towards development. Also, without a strong dedication to a well built plan, country/people could be blinded by the fruit of growth as it becomes more rosy but forget that it could only last for a short period. Going by this analysis, it is also clear that Nigeria has been trailing the path of growth that is not effective (optimal gaol oriented), efficient (least cost oriented), reproductive (sustainable), infact, not development focused Therefore there is a need to visit and revisit her plans so our growth could actually lead to Development.

POPOOLA KEHINDE

I think what is really important here is 'begging for a job" whatever class you may fall because psychologically you are also showing that you are cheap

So okada riders will have to memorise these list
Nigeria cha

This is one of the ways countries make huge money

Imagine how many people flying to Russia now just to view the cup and how much they will be spending there

So the government is impeding on freedom of speech through HATE SPEECH and you are also bringing yours here

You had better started banning now

Do you think you take Nairaland this yourself

Instead I think you should change the topic by trying to understand what people think on this succession or why

ClitoPen:
Which one will the coffin makers get?

They will be given all of them

This one surprise me o

So person wet be say na pure water him sell till death na pure water coffin him go get so him go continue him struggle for the hear after

When will they remove this man
The controversy surrounding him is too much

After they will be claiming that they have been falsely rated

Rilwayne001:
Save A Soul: A Nairalander's B.Sc First Class Certificate Was Stolen

This happened to a brother of mine in ilorin. He graduated last month and was issued the certificate few weeks ago.



ANYBODY IN ILORIN SHOULD PLEASE HELP US SHARE THIS.

Moderators, please help us push this to front page. NYSC posting is starting in a week time and he'll be needing the certificate.


Please help.

Bro I would advice that you lobby/beg for it in another way because it was stolen and you cannot expect anyone with it to return it to the above Institutions for they might be afraid that it will turn against them

You should even beg/talk to the locals around

Must if be a debate over Atiku and Buhari
Democracy is actually a joke where we get to choose from the people that offers themselves even if they are not competent

If it turns out that it's both of them that comes out as top runners, then we have no choice than to vote for either

Do you expect people to us multiple bank with your 3rd question or you want us to judge blindly

This post itself is politically motivated for I see no reasonable investor will choose to invest here just because of Jacob zuma

We need a positive social orientation in this country
With all this rioting this people was still not able to capture thee mopol
Who will restore all this private companies financially and back to normalcy
Why can't the go and vent their anger on the Barack

The worse part of this is that after all this cleaning, people will now become more elated to drop more waste there again

What we really need is social change and sensitisation of the masses on this things instead of extolling this type of actions

The worse part is that all this equipment will operated by foreigners or abandoned in the hospital

I think you should read this

https://www.nairaland.com/3753200/what-real-value-naira

chukzyfcbb:

yea I understand your fears, u feel one day Nigeria will go broke and be unable to repay them debts right?

Well presently a speech from a world bank spokesperson also share same view. it is said that they(world bank) don't think that Nigeria has even revenue to meet its INTEREST payments seeing how much debt we had been accumulating and Yet to still accumulate. So its okay to worry coz in the long run it spells dom but then how does Nigeria generate funds to pay back?
- Print more money
- Increase the revenue generated

Kemi adesoun has decided to follow the option of increasing revenue, how?
By Increasing the Tax-net to capture in more people. Statistics say only 22% of companies pay tax in Nigeria , so we can start from there.
Also seeing how mean this govt can be at times. If they fail to capture more coys into their tax books, they may as well increase the tax on those complying to increase revenues. Talks have been going on , on how to increase our VAT.

U know naija, they can just bring up one funny policy, like they increase car import duty or increase the taxes on purchasing luxury products like champagne or jets....all these are in a bid to increase the generated revenue to meet the debt obligations.

just so you know, According to a sentence made by The former Cbn gov (lamido sanusi) He says ; Nigeria spends 66% of her revenue on debts alone.

So u have every reason to be concerned bruh! in the long run, we either increase the revenue or borrow less .make we no compound our woes, or bad as e bad we print more money if water wan pass garri (Inflation tendencies tho if this happen) lool

who do you think will bear the tax burden in the end(you and i of course)
Also,do you think we can just be printing money like that (i think you should go and research about Zimbabwe currency crisis where they printed currency domination in millions and those millions could not even buy bread)
The economy is not a rocket science

Why do you think most of this European countries offers rates of zero percent despite some of them with high inflation

Even the US was severely hit around 2008 owing similar things (rate) Nigeria is doing now

POPOOLA KEHINDE


THE REAL VALUE OF A COUNTRY'S CURRENCY (NAIRA A CASE STUDY)

"Naira", the Nigerian currency, is no doubt one of the worse hit currency in 2016 by the global ASYMMETRIC SHOCK(a sudden change in a sector that resulted in different reactions in different sectors or different economy depending on how reactive/connected other sectors are) in the oil sector which has made the currency lost over 80% within the year. This has made the Central Bank of Nigeria (CBN) to introduce numerous policies during the period (with the aim of defending the currency) like that of the banning of 41 items from access to foreign exchange (FX) and the devaluation of the Naira. The country's FX reserve also depleted drastically in the process of CBN's attempts to defend the country's currency peg. But in all this, the motive of Nigerians in general and the CBN in particular has always been in parity, which is DEFENDING the naira. Meanwhile, there has been little or no concern on "What the real value of the naira is? Why is it always devalued? and Why has its devaluation always affect the country's economy?

Nigeria has experienced different exchange rate regimes from fixed regime in the 1960s to the mid 1980s and various forms of managed-float regimes(a combination of fixed and floating system) till the present. Not left out in this regimes is the CBN's announcement in June 2016 that the naira would henceforth be completely floated,which in the real sence turned out to be another form of devaluation. Also, what has been and is peculiar to the inception of all this regimes is that they are all a result of FLUCTUATIONS IN OIL PRICES. Therefore the NAIRA IS DIRECTLY RELATED TO OIL PRICES (mathematically, naira is a function of fluctuations in oil prices). Going by this and history, when oil price fell/falls, the value of the naira also fall and when oil price increased/increases, the value of the naira also follow suit.

In all economic policies, there is usually a good and bad sides to it which explains why China has been criticised/benefited continueusly for devaluing its currency and here in Nigeria, the reverse is the case. There in China, Devaluation is seen as "DESIRABLE" for they want to take its advantage of its good side while here Devaluation is "unavoidable"(i.e it came to us willy-nilly with its full wroth). It becomes apparent that during oil price woes, just like the present, that the Naira is an extremely overvalued currency because the CBN lacks the much reserve needed to maintain the peged/fixed rate of the currency. Hence, devaluation becomes inevitable.

The value of a country's currency should irrespective of whether it is operated on a fixed/peg, floating or managed-float currency regime depicts the performance of the country's DOMESTIC ECONOMY and how long the country can maintain the exchange rate system, just like Kuwait has been able to sustain its currency peg combined with a favourable domestic economy. But here in Nigeria, we lack the solid reserve to cushion her currency peg during periods of fixed regime and the domestic economy during periods of partial float regimes. Thus, with Nigeria we can see that a country's GDP figure or its PER CAPITAL INCOME does not always shows the REAL economy value /worth of a country if it is based/depends on external/foreign factors. Periods of increasing GDP in Nigeria has been nothing but time of increasing TRADING OF FINISHED IMPORTED GOOD (for Nigerians and Nigeria has subconsciously inculcate an habit of trading) with the exorbitant or excessive income generated from higher price of oil,thus lies the value the naira.

Conclusively, Nigerians and her managing officials have only tried to defend the Naira through different exchange rate regimes and various policies. But they fail to recognised that it has been built on a weak foundation which is a TRADING ECONOMY(funded by oil revenue), for the real value of a country's currency should reflects her real economy. And not until a new foundation is being laid (which is a PRODUCTIVE ECONOMY, one which can be highly CONTROLLED INTERNALLY within the country and less susceptible to external shocks), the value of the naira will continues to get worse and revolves in its vicious cycle laid by history.

01/01/2017

Houstency:


From Investopedia ;
'Government bonds can be issued by national governments as well as lower levels of government. At the national or federal level, these government bonds are known as “sovereign” debt, and are backed by the ability of a nation to tax its citizens and to print currency'.

And the current high rate is as a result of inflation and other factors. Expect a lower rate when the economy recovers from inflation. Our only fear and hope is that Nigeria should continue to be one entity, even during wars government borrows to fight the war effectively, else Treasury bills, treasury notes and treasury bonds still serve as a risk-free financial investment.

i know it is rational and justifiable for Tbills rate to be above inflation rate

And from the two points you quoted above, you and i knows that they are flaws in the case of Nigeria for our taxation system is nothing to write home about and we can't just be printing money

I think you should go and check about the US 2008 economic meltdown for this was how it started

Agbaletu:

Thanks...may be in the nearest future.

this is one of the reasons why you shouldn't criticize entrepreneurs as it is obvious you are afraid to go into the real sector.
But i think it's high time people began to worry about this high interest rate for the bubble might eventually burst one day because all those interest has to come from somewhere

zamirikpo:


The right question is how much he is investing

D higher u invest d more money u make, its nt rocket science

For him to be able to buy all those things, then he should have invested a very large amount, but it is very unwise/scarry of him instead of going into the real sector that would have fetch him more returns and also create employment for Nigerians

When there are other better players here in Nigeria that Nigeria has failed to pick

Who tell am say Nigeria don ready to accept am

adonbilivit:
nice...

all this extolation you guys are giving her without asking where the money for all this is from

Alikote:
wait for 2 weeks rate are going up with the signing of the budget ,mean while fix it term deposit to reduce lost time then terminate and throw in your application....I also lost out twice but redirected my application to another gtb branch but they bided 3 months instead of six months

please explain to me how you applied through gtb because i have been trying to apply but they keep telling me to see the bank officer which i have not been able to see

feelamong:
Effects of MPR and CRR increase hits the Tbills market

23rd March Auction Results

91 Days -------5.99%

182 Days -------8.3%

364 Days---------9.55%

We are gradually going back up!

please is it possible for me to apply as low as 200k in gtb