₦airaland Forum

maisauki:
WITHDRAWAL OF OIL WELLS LICENSE caused all these shouts.
if u know, you know

Is that what is causing the killings and kidnappings on South West roads too?

What oil wells are they looking for on Iwaraja,
Ilesha, Ile-Ife, Ibadan etc roads? Does Danjuma have oil wells in those places too?

Democracy and Sharia cannot co-exist.

schwarzkopf:
Everyone around the world and with functional brain cell loathe this piece of shit, I have never been so ashamed to be American with this simpleton ruling my country. You gat that question at all Airports, new country and places, how we let this gutless buffon become our POTUS. We gonna kick this idiot out ASAP, all his methyl head, illiterate Appalachian voting base will be all casted back to their backwoods after this m0ron is locked up in a federal penitentiary.

Are you sure you are a real American? It's not common to read Americans saying someone is RULING their country. The language is commonly used by SUBJECTS. Americans pride themselves as CITIZENS after the revolution. Maybe you should get familiarized with your 'country's' lexicon if you are a new citizen. It is not only the gutter language you should learn. That is, if you are an American as you claimed.

Dear Pastor Oyemide Makinde,

What do you think should be done about the Fulani gunmen?

Are you saying people should abandon Abeokuta for Fulani gunmen in order to spite Obasanjo now?

Which hunger?

There's rice in Kano.

This is a live case study for the Business Schools.

Buhari is employed by Nigeria. He is placed on salary of about 14m naira annually.

Nigeria pays estacodes to Buhari for working for her anytime he travels outside the country. The money is paid in foreign currency.

As a retired major general in the Nigerian Army, Nigeria pays life salary to Buhari as a measure of appreciation for signing up to defend her.

They budget hundreds of millions of naira for his feeding and his wife's and his children's feeding each year. That means he doesn't spend money on food - which is what an average human being spend a percentage of his/her income on.

Nigeria provides fleet of cars and planes and helicopters for him to move from one place to another. That indicates that he doesn't spend a kobo on transportation. No cost of repairiing his vehicles is borne by him. Nigeria fuels the aircrafts and vehicles and pays pilots and drivers.

Buhari doesn't pay house rent neither does he have to bother about furniture and other household appliances. His cutlery is changed every year at the cost to Nigeria.

Nigeria provides an unlimited healthcare package for Buhari. He doesn't have to spend a kobo on his numerous hospital visits.

His children have always schooled in the UK which means their school fees have not increased.

Buhari is being compensated generously as the person hired for a job. He doesn't spend any part of the compensation for normal things that ordinary workers spend their income on.

But, his bank balances remain the same after four years on the job. He has said his account balance is the same 30m naira he declared four years ago.

He did not also purchase or embark on building any new 'homes' during the four years under review. His 5 "homes" remain as declared four years ago.

Recall that as a candidate four years ago, Buhari announced that he had procurred a 30m naira personal loan to pay for his party's nomination form.

Also recall that Buhari's negative account balance disappeared in his books and turned to 30m naira positive balance in his asset declaration form few months later. This may indicate that Buhari's loan might have been cleared by his friends, which also means that he has friends who may have given gifts for a favour or two done for them in the four years under review.

As a forensic accountant, what can you say is the possible cause of the unchanged financial status of Buhari after working for four years?

Discuss extensively the impact of this personal stagnation on the fortune of Nigeria. Back up your analysis with references.

Eya

Their TRAIN will be carrying them around and generate IGR abi?

There is no need for any other thiing. As long as the train is carrying them everywhere.

There's also rice aplenty in Kano.

sarrki:
YOU SPOKE WITHOUT HAVING KNOWLEDGE OF SIP, MARYAM UWAIS REPLIES BUHARI’S WIFE

～ Maryam Uwais, senior special assistant to the president on social investment, has defended the federal government’s social investment programmes (SIP).

Uwais said Aisha Buhari, wife of President Muhammadu Buhari who criticised SIP, would have been able to track all beneficiaries of the project if she had access to available data.

Speaking on Channels Television, the presidential aide said 190,000 beneficiaries are currently being paid under the investment programmes.

Buhari’s wife had said the programme being coordinated by Uwais has failed in the north.

She had specifically said she was told that 30,000 women from Adamawa would benefit from the programme but nothing of such happened.

“The SSA to the president on social investment is a lady from Kano and I’m sure that my husband decided to put somebody from Kano because of the population and political impact it made. I have never asked how the money is used or being given out,” she had said.

“I met one of the president’s aides on SIP once and he promised me that for my state (Adamawa), N10,000 each would be given to 30,000 women but up till now, I haven’t heard from him.”

But speaking during the live programme, Uwais said Aisha spoke without the knowledge of available records on SIP.

She said, for instance, that the conditional cash transfer programme is ongoing in 12 local governments in Adamawa, while over 11,000 graduates have been recruited in a similar package.

Uwais said: “I believe that if she (Aisha) were to listen to the information they have there, if she were to check on our data, she would be able to track all the beneficiaries.

“Yes, she may not have met them. But we are in 12 local governments for the cash transfer. And we are also in 12 LGAs for the loans. So, I think we have at least 290,000 beneficiaries directly that we are paying in Adamawa state.”

Uwais said the school feeding programme is also ongoing in over 1,000 public primary schools in Adamawa and that much more could have been done with more funding.

“I’m saying that we have over 11,000 graduates recruited and working in her home state. We have non-graduates, 440; we started the school feeding programme in October 2018, we are in 1,054 public primary schools,” she said.

“And if we’ve done about 300,000 beneficiaries directly, I believe we could do so much more if we have sufficient funding. We have only scratched the surface in the sense that we don’t have the sufficient funding to address.”


Cc

Lalasticlala

Mynd44

How did Adamawa State have 1054 public primary schools and Lagos State has 1016?

Lagos establishes six new public primary schools
https://educeleb.com/lagos-establishes-six-new-public-primary-schools/

11,000 graduates in Adamama?

That's not very funny.

Iamgrey5:
You are obviously pathetic!

You accused me of using borrowed data, insulated my education just after jumping on my mentions to insult the heck out of my knowledge of the topic of discussion.

Yet, you still have the guts to talk to me about how Zealotry is not bla bla bla !!!


You are making a reference to a NBS data without any evidence whatsoever and you expect me not to question it, or didn't your poorly equipped schools teach you not to make such statements without accurate "reference" perhaps from an article or peer reviewed journal.

As for your data, i will rather go through such data in my spare time to pick out the flaws. it is obviously not accurate.



Secondly, @ your assertion of Only CBN taking actions to increase the money in circulation is simply the most primitive shit i have seen

I can understand your predicament tho, I believe because you are not exposed to a proper economy, you have reduced the role of the ministry of finance to sharing allocations.

Why do you think Government around the world spend huge money during the time of economy recession to stimulate the economy. if the central bank can simply control the money in circulation through its monetary policy, why will Government around the world even border?

Why do think most government cuts back spending whenever there's surplus in the economy ?

You are obviously dumber than I thought tbh!

Another dumb assertion of yours is to believe CBN controls the money in circulation solely through issuing of Tbills.


I mean come on! that is just a short term measure. The Central bank can simply reduce interest rate to zero to encourage borrowing like 'the Reserve bank in America did? Mr primitive economist

@ Government budgets

So because federal government borrowed money to finance its latest budget simply traslates to proceeds from petroleum is not going to be required to service the debts and finance the payment of the debts?


I honestly give up on you bruv

You have been the one casting a doubt on your own education. Your unintelligible comments gave you away as one poorly educated fellow. You lack the understanding of what you comment on and instead of taking to corrections you are sinking deeper and deeper.

NBS is the National Bureau of Statistics. It is an agency of government that collects primary economic data and processes them for government use and for other interested stakeholders. It is known widely as one of the source of data for economic and other social science research. What other evidence do you need than to go to their website?

How did you come about the notion that you have to cite a peer-reviewed article to authenticate data sourced from NBS instead of going to verify from NBS' website? Where did you learn that? Did you go to school at all? This is very disgraceful. Is that what you were taught?

Ogbeni, you have a very long way to go. If NBS data is "obviously inaccurate" as you claimed, you must be able to come up with yours for the world to see. If you admit that you are just realizing that the contribution of the oil sector to the Nigerian GDP is not what you have always thought, will you die?

You continue to make elementary remarks and jumping from one topic to another without understanding a single one of them. Only a child would reason that you have to be "exposed to proper economy" before you know about the economic activities of any country in 2019. It has not even occurred to you that your aim of being "exposed to proper economy" has been defeated when you can't grasp elementary concepts such as GDP.

If you have gone through my previous responses to your comments properly, you would have noticed that they are meant to systematically introduce you to these concepts without jamming your brain beyond the capacity you can assimilate.

To say that the CBN determines the total money in circulation with its monetary tool DEPENDING ON THE TARGET should tell you that it is not only when they want to reduce money in circulation "solely" that they intervene, the TARGET could be to tackle deflation by pumping money into the economy. By then, TBs are redeemed and holders are paid. You should also know that these activities are carried out through the financial institutions.

Meanwhile, you continue to mix up concepts in order to appear intelligent but you end up exposing your inadequacies. The opposite of inflation is deflation. Inflation is the rise in general price level. Inflation is not the same thing as recession. Recession is the contraction in economic activities - when there is negative growth in the economy for a period of two consequtive quarters.

A moderate inflation is needed for economic growth because economic growth goes with high demand. High demand means economic activities are growing, and high demand will lead to rise in price level. However, central banks are vigilant and always want to prevent too high inflation which can lead to reduction in monetary value of the currency.That is the point at which they intervene to reduce the amount of money in circulation and vice versa.

Recession occurs when there is low level of activity in the economy, measured by two consecutive quarters of negative GDP growth. Government intervenes with fiscal policies like the increase in spending, reduction in taxes, etc., then the central bank matches them with monetary policies. The spending is cash backed by the CBN, the cash is provided by the CBN, the FMF does not operate a bank. CBN is the government banker. It also advises the government. Whatever amount of spending to boost economic activities is provided by the central bank. And the CBN deploys its tools to adjust the money in circulation. There is no where any reference was made to FMF duties as only allocation in my comment. Reference to allocation was directed at FAAC. Googlle what FAAC stands for.

What the Fed does with rates in America is not what the CBN does in Nigeria. A kindergaten pupil should be able to tell you that America is a developed country while Nigeria is still a developing country. Therefore, to "simply cut interest rate to zero" may sound appealing to your elementary mind, but it is not what happens in developing countries.

Can you not see that it is you who uses words like majorly, solely, simply? There is no where you read anything that CBN uses TB "solely". The CBN like other central banks has tools among which is the monetary policy rate (MPR) that you mentioned. The decision to adjust it follows very painstaking process by the Monetary Policy Committee (MPC) of the CBN. It is not something you can "simply cut to zero".

The central bank's monetary policy rate is the rate at which the CBN lends to commercial bank. It is expected that the commercial banks will follow the direction of the rate to either increase or reduce their own interest rate they charge on loans to their customers. The CBN also uses the Cash Reserved Ratio (CRR) among others. These measures have impact on the credit creation ability of the commercial banks vide their financial intermediation role in the economy.

On the final note, you made a very wild assertion about how "over 90% petroleum revenue" accounts for the federal government budget but when that was effectively debunked (you were shown that oil revenue is not "over 90%" of the federal government budget) then you disingenuously came up with the future occurrence theory. Why are you now referring to what is yet to happen when the issue at hand is your bogus statement on what you stubbornly maintain is already happening now? Your thought process must be very warped.

Iamgrey5:
@ emboldened

Show me the report that bodly state that what generates 90% of a country's revenue is merely 8% of its GDP. isn't that even laughable to begin with.

Moving on

The total money in circulation is determined by the monetary and fiscal policy of the federal government, not just the monetary policies of federal government. it is a synergy. Mr secondary school economics teacher !

The fiscal policy is carried out by the ministry of finance, the ministry of finance presents a budget every year. More than 90% of that buget is coming from the sales of petroleum.

The bu

The government is the major stimulant in the economy, not the private sector. (hope you understand)

The government is the single highest employer of labour in Nigeria and the single largest executor of capital projects.

That doesn't mean that other sectors of the economy don't spend money, but it is not up to what the government spends.

Hope you understand basic English and basic economics.

You are dumber than I expected.

At this point it is obvious that you are making a mockery of whatever you call education. Your education is becoming very doubtful at every post.

The reason it is laughable to you is because you lack the understanding of the concepts that you are making comments on with extreme zeal.

Zealotry does not constitute intelligence. After making reference to the NBS for you, you still want to be shown a report? Come on! An intelligent fellow would have quietly checked NBS report on its webpage to verify.

Follow the link below to the NBS site. You may borrow data to download the reports. https://www.nigerianstat.gov.ng

The CBN determines the monetary policy.. The CBN is also the banker to the federal government. It is responsible for the provision of cash for those fiscal spendings. As the FMF presents its spending requests for cash the CBN would have adjusted for the increase in cash in circulation.

Also, before and after the revenue is shared to the federal, state and local governments for spending (fiscal) at the monthly FAAC meeting, the CBN takes actions on the money in circulation. That is the reason it issues TB monthly.

You seem to like the phrase "over 90%" a lot. One would think that a 2018 federal government deficit budget of 9.1 trillion naira financed partly by borrowing 1.9 trillion naira plus other revenue heads like taxes can hardly accommodate "over 90% sales of petroleum" as you claimed.

These are probably above your level but they are not difficult to understand if you pay attention. Just devote a little bit of time from sport betting to improving yourself intellectually and see what happens.

Cheers.

Iamgrey5:
Petroleum not only contributes upto 30% of Nigerian GDP, it contributes over 90% of government revenue.

Government is the major spender in Nigeria not private sector.

Hence, the slightest increase or decrease In prices of petroleum products will increase or decrease the total money in circulation, which will inturn affect the sales of goods and services produced

At least you know the definition of GDP Mr Economics teacher of micro economics

olobe

What is under reference is macroeconomics not microeconomics. Hope you know they are not the same.

According to the National Bureau of Statistics, the share of oil sector contribution to the Nigeria's GDP in 2018 was 8.60%. Why you are insisting on your 30% is not clear. Do you have another source or you are referring to the past figures? If so, then you shouldn't use a continuous adjective "contributes". You ought to use "contributed" in so and so year. Okay? Even at your 30%, it negates your earlier assertion that the majority growth comes from only one source.

Also, it appears that you have mixed up crude oil revenue with petroleum products prices and total money in circulation. Crude oil revenue is the dollar amount received from sales of crude oil by Nigeria. Petroleum products prices on the other hand refer to prices of petroleum products like AGO, PMS and others. While a slight change in their prices affects the prices of goods and services which contributes to inflation in a significant way, it does not lead to increase in total money in circulation.

The total money in circulation is determined by the policies of the Central Bank of Nigeria. The CBN uses a monetary policy tool called Open Market Operation (OMO) to control it. It issues - buys or sells -Treasury Bills on behalf of the federal government depending on the targets.

Then, how did you arrive at government being the major spender in Nigeria? The entire budget of the federal government last year was about $30b; if you add the budgets of the 36 states to that you still don't get "the major spender" in an economy of about $391b.

If this is what you got from your "economics related course in SA" it is better you consider buying a JAMB form and re-enrol in a proper economics class in one of our schools here instead of being impervious to corrections and appearing to be unteachable.

In the mean time, before jumping from one issue to the other and throwing up figures as you like, try and read more on GDP, GDP per capita, government revenue, budget, foreign exchange earners or exports, population, GDP growth rates, employment, taxes etc., with special focus on Nigeria.

You will be alright in the end.

grandstar:
China was an economic wreck when Deng Xiaoping took over from Chairman Mao and started by implementing economic reforms. The use of Special Economic Zones to encourage export led industrialisation was an idea he got from Singapore. Chairman Mao left China a wreck.

Deng Xiaoping took over from Chairman Mao and was there until is demise in 1995. Your history is wrong.

As for South Africa what you said is completely wrong. Do you just conjure things from the air.

Privatisation rather than lead to capital flight would do the reverse. The buyers will invest heavily into the companies they buy not only to turn them around but also to expand capacity.

The primary reason why privatisation was not implemented was that it would have further enriched the white South Africans who would be the major buyers. Black South Africans would never have accepted that. :

It appears that there is poor or lack of understanding of basic macroeconomics by some of these guys.

They sometimes use false narrative to buttress their points.

Iamgrey5:
Nigeria highest growth rate was 6% average even during when the the GDP was grossly underestimated before it was rebased.

Never mind that the majority of our GDP growth comes from one resource which is crude oil a primary resource which is highly volatile.

South Africa another country on the continent with better infrastructures and huge potential for growth only managed 2% average for the past decade.

Thus, What miracles were you expecting anyone to perform?

Even the likes of China struggled with low growth for a while despite its obvious attempts to industrialize.

You have a lot of reading to do for you to make meaningful contributions than you are making.

The rebasing exposed the sectors that were not previously captured in the calculations: services sector like the entertainment industry etc. These contributed in large measure to the increase in the GDP against your postulation of one product.

You also seems to be confusing the GDP with government revenue or export. They are not the same, okay? The percentage of oil and gas sector's contribution to the GDP is about 9%.

martineverest:
yes,they are but the op should make it look as if we arent progressing compare to the other countries growth rate...if u do the calculation,at that growth rate,about 10 billion dollars will be added to our economy,while highest growth rate country,Ivory cost will have about 3 billion dollars added to their economy

You have been mixing different things.

You have even invalidated your own argument with what you put up there.

Nigeria's underdeveloped status plus the size of the population means it should be doing more than Cote d'Ivoire.

As per your figures, if you divide $10b by 180m people you get far less than if you divide $3b by 24m. It means that an average Ivorian contributed more than an average Nigerian did to their respective economy. That is the story.

GDP measures the aggreagate of monetary value of contribution of all economic units in an economy. The growth rate is given in percentage for comparative purposes. You take the number and you compare with the size of the population on the one hand and then the rate of population growth on the other hand.

You may also make comparison with other jurisdictions as has been done in this context, to know how you have faired.

If you are looking at the absolute value the way you are saying, you would be patting yourself on the back for nothing.

He has not lost any touch with anything. That is their thinking in APC. It permeates through their rank and file. He knows what he is saying. He is a medical doctor.

The overriding opinion in their party is that Nigeria is over-educated already.That is their own way of dealing with the massive unemployment situation which grew out of control under them.

The NEXT LEVEL is to depopulate the educated Nigerians by all means. It is to turn a large population of young Nigerians into some kind of Almajiris with purple bowls in hands looking for handouts.

It is Ngige's duty to communicate this to Nigerians in his own words.

Waste of time.

Is it not the same INEC that awarded the contract of ballot papers printing to an APC man who was also a senatorial candidate?

The CBN and NDIC are not development banks. How are they supposed to fun socialist programmes?
What happened to the loan they said they want to source from the World Bank for these socialist programmes?

What about Baba Adekunle Ajasin?
What about Baba Bisi Onabanjo?
What did the tribunal find on them?

VMpi744:
Please be informed: The honorary degree was conferred on him by - European American University, Commonwealth of Dominica
Image1 source: http://advocateng.com/2018/05/01/olotu-conferred-with-honorary-doctorate-degree/
Image2 source: http://advocateng.com/2018/10/15/european-american-university-awards-umoidem-doctorate-degree-in-public-admin-leadership/

In case you are still in doubt, you can check these links:
http://www.theelitesng.com/oba-elegushi-bags-honourary-doctorate-degree-from-european-american-university/
https://www.reelmp3.com/2018/08/01/news-chairman-prince-osisioma-foundation-receives-honorary-degree-from-european-american-university/
http://www.nigerianmonitor.com/billionaire-wife-shade-okoya-conferred-with-honorary-doctorate-by-european-american-university-photos/


stop reading all these lazy blog posts.

Emoney never said the award was from UNILAG. But I think it was a deliberate an attempt to mislead the public. Considering the fact that UNILAG also held her 50th convocation this week + he took a picture with the UNILAG convocation banner behind him. Why accept an award from a school you aint proud of to start with

And for those who need an honorary doctorate, you know where to go!

Thank you for this clarification.

The same Unilag?

sapele914:
Jehovah bless you,good to know that a few people still get sense for Nigeria.

It is better to verify things than jumping on the bandwagon most times.

That's what wise people do. In the event that some matters are too sophisticated for your understanding, it is not out place to seek clarifications.

hustler2828:
Sometimes I wonder if some of you reason with your brains. Yes Sani Abacha was involved in this fraud. But how can a sitting president GEJ sell an oil licence worth billions of dollars for just 2 million dollars? As if that was not enough, the money realized from the deal was never remmited back into the country's account and you guys are ommiting his name and calling buhari and sani abacha thieves who is the bigger thieve here?
This is president that originated from same niger delta for that matter ooo!! He knows exactly what the nigerdeltans are passing through and needed .Honestly speaking no Nigeria president is as wicked and heartless like GEJ. Na only God go purnish GEJ.

Hello, calm down and read the background to the story before you invoke the spirit of your ancestors in a violent way. It might come back to afflict you.

Google the Malabu Oil Deal and get informed. It is all over the internet.

Make sure you get the right person who sold the license for $2m correctly

You can start from the link below:

Six things to know about the Malabu oil deal

https://www.thecable.ng/six-things-know-malabu-oil-deal/amp

GDP does not repay government loan, government revenue does.

What is the percentage of debt to revenue?

ImmaculateJOE:
22 federal medical centers.

Is not moi moi

Don't mind them

It is either they really don't know the meaning of infrastructure or they are Satanists.

B1ak3:
Please name just 2 of these 12 federal universities that were built in the last 10 years of PDP

The enugu airport conversion is not a major project that a federal government would call an achievement. Building an international airport might have been manageable not changing the status of a local airport to international.

I am afraid the revival of the lagos to know railway line you mention is just false

You don't have understanding. Even your minister didn't know there is railway in Nigeria as well.

I never knew railway transport still existed in Nigeria – Amaechi

http://dailypost.ng/2015/12/16/i-never-knew-railway-transport-still-existed-in-nigeria-amaechi/amp/

B1ak3:
Please name just 2 of these 12 federal universities that were built in the last 10 years of PDP

The enugu airport conversion is not a major project that a federal government would call an achievement. Building an international airport might have been manageable not changing the status of a local airport to international.

I am afraid the revival of the lagos to know railway line you mention is just false

Established 2011
Federal University, Oye'-Ekiti, Ekiti State
Federal University, Dutsin Ma, Katsina State
Federal University, Wukari, Taraba State
Federal University, Lafia, Nassarawa State
Federal University, Lokoja, Kogi State
Federal University, Otuoke, Bayelsa State
Federal University, Kashere, Gombe State
Federal University, Dutse, Jigawa State
Federal University, Ndufe Alike, Ebonyi State
Federal University, Gashua, Yobe State
Federel University, Birnin Kebbi, Kebbi State
Federal University, Gusau, Zamfara State

Federal Polytechnic, Ile-Oluji, Ondo State
National Institute of Construction Technology, Uromi, Edo State

Power Plants
Geregu 1, Kogi State 414MW (2007)
Geregu 2, Kogi State 434MW (2012)
Ihovbor, Edo State, 450MW (2013)
Olorunsogo 1, Ogun State, 336MW (2007)
Olorunsogo 2, Ogun State, 675MW, (2012)
Omotosho 1, Ondo State, 336MW, (2005)
Omotosho 2, Ondo State, 450MW, (2012)
Sapele, Delta State, 450MW, (2012)
Alaoji, Abia State, 1074MW, (2015)

In 2015, four Federal Colleges of Education were upgraded to degree awarding institutions (i.e. federal universities of education). Few months later, Buhari cancelled the upgrade.

The institutions are;

Adeyemi College of Education, Ondo
Federal College of Education, Zaria
Federal College of Education, Kano
Alvan Ikoku Federal College of Education, Owerri

afroniger:
Osun people apparently prefer their salaries being paid regularly than infrastructures. And they made that clear through their voting pattern in the last governorship elections in the state. Infrastructures costs money, a shitload of it too, mind you. You can't expect to have the kind of infrastructure Dubai has without sourcing the money for it somehow. It's either you tax heavily, borrow heavily to pay for building such infrastructure or you depend on investors to come and build them with some sort of incentives. But most investors/industries won't even come and invest unless some basic infrastructures are already in place. So something has to give.

For most states in Nigeria that are addicted to being dependent on federal allocation, don't expect much in terms of fantastic infrastructure/development anytime soon because the people generally don't understand that development comes at a cost, expensive one at that. Plus, they seem not to be comfy with the idea of paying taxes which is one of the ways government can raise money for capital projects.

Presently, according data released by NBS, the bulk of most government IGR in most states (with the exception of Lagos and a handful of other states with decent amount of industries and thriving private sector) come from paye tax deductions from civil servants salaries, which also explains why all states that are owing salaries also have extremely low IGR; which makes sense because without salaries there'll be no paye revenue. This is the case in most 'civil service' states.

We need to go back to the drawing board and come up with a local/customized model of development for ourselves as a country because the current one is simply not working and neither is it sustainable. China is not a democracy, yet it is outpacing the U.S (which is the beacon of democracy) in terms of development, because it is operating a homegrown system that is working for it as a nation.

You succeeded in muddling things up.

The government in Osun State right now is a continuation of the immediate past government that boasted of 'massive infrastructure' already provided. Have they not been provided? Why are you saying Osun people don't like infrastructure? Why the sudden attacks on the civil servants who just want to be paid their salaries in order to 'live within their means'?

Osun State was one of your first experiment of 'progressivism'. They have procurred all manner of debt to finance 'infrastructure'. That was what we have been told. Has the experiment failed? Are you regretting the provision of these 'massive infrastructure' now? How come the magic is not working again?

Why are you people in the habit of making unreasonable comparisons? UAE is a sovereign country with Dubai as its largest city. It has only 9.3m people living in it. It produces 2.9m barrels per day (More than what Nigeria, with over 170m people, produces daily). It is an Emirate without any accountability to anyone apart from the mullahs. If they like, they can carry money and purchase football clubs in Europe or spend in casinos in North America they will still have enough balance to experiment with.

Even with all this, it took them over 30 years to get all you see there in place. But you want Osun to develop to Dubai by magic at the expense of the civil servants salary. Why this unnecessary mention of Dubai each time?

Nigeria's own Abuja was built from the scratch over several decades. It boasts of fairly reasonable infrastructure more than any city in the country. Has that translated to 'massive jobs' now? Abuja simply does not have any economy outside government business. There are even more universities located in Osun more than there are in Abuja with all its infrastructure. (Note that licenses for these universities were obtained long ago).

China''s economy is the creation of the west. There is absolutely nothing home grown in it. Companies in the west simply took their production to China and other Asian countries to reduce labour costs back home. What China did was to swallow their pride and open their economy to globalization instead of continuing with stupid economic policies. You have a lot to study on how these things have played out.

Yet, for all you have read about China, it is still a developing country. Human development ranks higher on any scientific index than so-called infrastructure. The economy of a nation is about what people produce. The value of the socalled infrastructure in an economy is not more than what people use it for. As long as you see Chinese students going to American universities to study science and technology and economics and finance, China will merely struggle behind America.

China will never be competitive without innovation. Innovation elevates the economy. China is not structured to be innovative with the kind of political system it operates. Plurality of leadership accelerates innovation more than the command style they operate in China currently.

It is not infrastructure that use people, it is human beings that use infrastructure. You cannot just be riding up and down in trains without any meaningful thing to do. Development should not come at the cost of human existence: human beings are the ones being developed. If you ask people to drop dead because you want to develop, what have you deveoped.

With this type of shifting the goal post in your new narrative now, you are only saying that your bogus 'infrastructure leads to jobs' conjecture has failed woefully in Osun State. Except you are saying that 'massive infrastructure' have not been provided.

afroniger:
Indeed it is. In a democracy, the majority can even choose to elect the wrong candidate sef. As long as he lies promises/tells them what they want to hear. Truth of the matter is that any first-term governor in Nigeria that can manage to not owe civil servants salaries would have a brighter chance of securing his second term, even if he does so at the expense of much-needed infrastructure. And that will not change anytime soon.

Why are you siniging another tune now?

What about those 'infrastructure' that APC has 'provided' in Osun? When are they going to generate IGR now?

The civil servants salaries were not paid for several months under the guise of providing 'infrastructure' in Osun.

This is the state that has been governed by a party that boasts about INFRASTRUCTURE and abracadabra IGR.

Did the APC urchins not say that their infrastructure will provide jobs? Where are the jobs now? Where is the IGR in Osun now?

It is clear to everyone now that the socalled APC progressive ideaology is not working. It cannot work. It is anchored on heavy borrowings.

The ideology may only be suitable for places where the level of education is very low. That is the reason APC attacks education.

The first task of any APC government is to attack education so viciously. They make sure school fees are increased so that only few people will have access to it. They don't care if schools are closed for 5 years. It is aimed at weeding out as many people as possible from attaining intellectual independence.

Their ideology is aimed at making many people artisans and NURTW members. Their idea is that the middleclass is not necessary. They hate the idea of people challenging them with superior arguments.

How did he seize these "oil wells"?

Everything about this party and government is propaganda. APC cannot function without propaganda. They have identified propaganda as a cow milk for their numerous calves.

Unfortunately, propaganda cannot yield good governance, which is why the country's economy is currently in serious problems. That is the reason why the citizens are looking for a way out either through forced migration or suicide.

That is the reason that Nigeria dropped from the Happiest Country in the World in 2011 to 85th in 2019.

Tianamen1:
Just read this comment on yahoo by a random American



Right now, it is my firm belief the restructuring our public primary and secondary school education system will bring about way faster development than having 24 hours electricity.

That was what Bill Gates told them but they are busy celebrating some ancient locomotive trains.

They are even telling human beings to go and drink gari and live within their means.