BigBashiru:


Say it again!! I recently read up on the history of Quebec and Ontario and Canada. Quebec was colonized by Britain then later by France. At a point Quebec was war torn. The English and French and the US fought over control of Quebec. Nigeria was only colonized by one country Britain and they are complaining. Today, Quebec GDP is the 33rd highest in the world and a major aircraft manufacturer. China has also started competing with Canada and US in aircraft manufacturer.

Let's assume population of Nigeria is 200m and able bodied working population is 50% of that which is 100m... using the example you cited of employees whiling away 5hrs of 8hrs per day. Now:

5hrs * 5days a week * 100m people = the amount of lost productivity on a weekly basis in hours

This readily explains why Nigeria ain't industrialized. It's not colonization or slave trade...slavery had long existed before Africans were enslaved.

Low productivity is one of the issues but you need to ask yourself, how do countries get rich?

The answer is simple, by capitalism.

Lower tax, high tech manufacturing businesses that connects to international market, highly skilled labour and investing in expanding on higher education and training.

Nigerians can work from morning to night but if no skilled labour and also people that are ready to take risk to build businesses that connect to international trade, we shall remain poor forever.

thebosstrevor1:


Low productivity is one of the issues but you need to ask yourself, how do countries get rich?

The answer is simple, by capitalism.

Lower tax, high tech manufacturing businesses that connects to international market, highly skilled labour and investing in expanding on higher education and training.

Nigerians can work from morning to night but if no skilled labour and also people that are ready to take risk to build businesses that connect to international trade, we shall remain poor forever.

Trade can be between African member states....doesnt have to be to Europe. Nigerian cocoa can be sold to Egypt or Kenya and doesn't have to be sold to EU.

BigBashiru:


Trade can be between African member states....doesnt have to be to Europe. Nigerian cocoa can be sold to Egypt or Kenya and doesn't have to be sold to EU.

Trading with African countries is like when 2 poor people trade. You will have no gain or benefit. You might end up in debt.

Trading cocoa with african countries is a waste of time, what will they use it for??

I watched a documentary in Senegal about a cashew nut mini factory project, the EU did for a village in that country, instead of the people to think about how to process cashew nut for export to Europe, they were mostly interested in traveling to europe through the desert

thebosstrevor1:


Trading with African countries is like when 2 poor people trade. You will have no gain or benefit.

Trading cocoa with african countries is a waste of time, what will they use it for??

That's what you think. And Africa isn't poor that's what you have been thought to believe.... kenya isn't poor... Ghana is to start processing it's cocoa to chocolate and exporting to Europe this year.....

To answer your question Chinese factories in kenya will process the cocoa and export the finished product to Europe.

thebosstrevor1:


Trading with African countries is like when 2 poor people trade. You will have no gain or benefit. You might end up in debt.

Trading cocoa with african countries is a waste of time, what will they use it for??

I watched a documentary in Senegal about a cashew nut mini factory project, the EU did for a village in that country, instead of the people to think about how to process cashew nut for export to Europe, they were mostly interested in traveling to europe through the desert

Its the oyinbos that made that documentary to make you think less of your self. It's psychochological warfare and you have fallen victim to it..

It's the journalists that are the gold diggers who travelled through sea to get to Senegal. What business do they have There? The Senegalese don't need their help and haven't needed their help in centuries past.

BigBashiru:


That's what you think. And Africa isn't poor that's what you have been thought to believe.... kenya isn't poor... Ghana is to start processing it's cocoa to chocolate and exporting to Europe this year.....

To answer your question Chinese factories in kenya will process the cocoa and export the finished product to Europe.

I added more note to my earlier comment.

Global standard, africa is poor, this is how to know if a continent is poor, look into the accounting data of all global companies in the world, you won't see any data available for africa, infact, they don't have an african branch.

The top investment banks in the world, do they have a branch here in Africa?? Maybe in south Africa.

Ghana haven been exporting cocoa for long, but in the 21st century, you can't develop a country from only revenue from cocoa.

In response to the chinese, how come the chinese are the one manufacturing not the Africans, this shows that any revenue they made from processing cocoa will be taken out of the country.

Lastly, the chinese are not exporting processed cocoa to europe but to china, who in turn sell to europe.

BigBashiru:


Its the oyinbos that made that documentary to make you think less of your self. It's psychochological warfare and you have fallen victim to it..

It's the journalists that are the gold diggers who travelled through sea to get to Senegal. What business do they have There? The Senegalese don't need their help and haven't needed their help in centuries past.

Are you serious, what is look less of yourself, please lets be very objective and reasonable even if we are pro black or pro africa.

Blacks call on whites to save them, Europeans save themselves, see all the protest in Nigeria for instance or even look at our politicians, they all cry to international bodies, The Eu, United states, owners of Twitter and Facebook to come save them, even the government of senegal cry to france to save them.

You live in canada or in the uk, is anywhere in Nigeria closer to the level of development in canada or the uk.

These are real questions we need to ask ourselves.

Neutralobserver:


Canada can affrod subsides because

1.Tax to gdp ratio is 33.4% compared to Nigeria's 6%

2.It is a developed country with a diversifed economy

Nigeria cannot afford subsides because

1.Low tax to gdp ratio

2.About 30% of the taxable populaiton actually pays taxes

3.Most of the country works in the informal sector, and thus cannot pay mt axes

4.Subdsies on petrol prevent investment and growth in the sector, which means less jobs and less revenue.

I am not an elitist capitalist.(lord knows I want a sutuation where we pay N20 per liter for fuel, and have education free to postgrad) I am a realist. If you want to pay for subsides, fine...but you have to find the money first. And it is by diverdifying the economy, taxation and crucially by running an actively exporting industrial economy


Modified

A lot of people think that Nigeria has enough money. We don't. Canada spent 69 billion dollars on primary educaiton alone in 2019. Nigeria, in that same year, spent 2 billion dollars on primary, secondary and tertiary educaiton alone.

We can tax houses, cars, phones and other items. We can also increase our VAT to the same level as our neighboring west African countries. We can put a high sales taxes on any imported item other than medication.

All these taxes will affect the rich in society more disproportionately that is why our government fails to implement this.

As at this point, you are an elitist capitalist. Unfortunately, your ideas will only lead to social unrest, increased inequality and insecurity.

thebosstrevor1:


Are you serious, what is look less of yourself, please lets be very objective and reasonable even if we are pro black or pro africa.

Blacks call on whites to save them, Europeans save themselves, see all the protest in Nigeria for instance or even look at our politicians, they all cry to international bodies, The Eu, United states, owners of Twitter and Facebook to come save them, even the government of senegal cry to france to save them.

You live in canada or in the uk, is anywhere in Nigeria closer to the level of development in canada or the uk.

These are real questions we need to ask ourselves.

No you have fallen victim to white savior complex.

Nigeria has been self sustaining from 1960 to date.... the only issue is the Nigerians are unserious with work and are largely undisciplined.

About reporting themselves to us and EU it's a bit immature because US don't report themselves to African union.... I guess it's desperation for power and given that these are super powers that makes them do that.

But the question I guess is - why can't an African country bcome a super power?? The people are too relaxed and unserious. Think African time. Something as simple as keeping to time, they can't and they see nothing wrong with being late. Complain and they will say it's "insult".... the system is a tad backward

Amotolongbo:
Ontario Province is larger than Nigeria in landmass.

The largest market in Canada is based in Ontario

Ma'am land mass doesn't Equate GDP.

Lonelypacifist6:
Ma'am land mass doesn't Equate GDP.

don't tell me that comprehending English language is your problem.

Cos I can’t remember saying Land Mass equates to GDP

Validated:

Excuse, excuse, excuse! How did China break the barrier?

Dumbo, China became a manufacturing powerhouse by doing what YOU will not accept in Nigeria. They literally banned ALL IMPORTS for 3 decades, their middle classes were forced to ride bicycles when everyone else around the world were driving cars, and all this was enforced by BRUTAL DICTATORSHIP and absolute suppression of civil rights, which continues till today.

Millions of dissidents were jailed and killed in the process, and political prisoners abound there till today.

Are YOU willing to forego all your rights from now till the year 2060 to become self sufficient in manufacturing like China? if not, then SHUT UP.

How did South Korea break the barriers, how is Taiwan doing it?

Dumbo, The 4 'Asian Tigers' were deliberately chosen by the victorious allies after WW2 to serve as capitalist bulwarks against Soviet communism in the Asia pacific, and were given multiple interest free loans, outright monetary grants, massive technology transfer, and most importantly free, unrestrained access to European and US markets for their finished goods. This allowed them to leapfrog in industrialisation in 30 years.

That their NEIGHBOURS - Bhutan, Cambodia, Philippines, Myanmar (Burma), Sri lanka, Bangladesh etc are still grossly underdeveloped, worse than many African countries, shows you just how ARTIFICIAL and EXTERNALLY GENERATED their industrialisation was.

India has joined now

India has joined WHAT, exactly?

Firstly there was never any designation of India as a permanent raw material source, so their products are not subject to the high tariffs charged for African manufactures, and secondly, MANY COUNTRIES IN AFRICA HAVE HIGHER LIVING STANDARDS THAN INDIA.

So I've no idea where you are going with that.

You also seem to be GROSSLY IGNORANT of the PROGRESS that Africa has made in the last 30 years.

- Today Africa has the fastest growing middle class in the world.

- 6 of the world's 10 fastest growing economies are in Africa.

- ''The number of middle class Africans has tripled over the last 30 years to 313 million people, or more than 34% of the continent’s population, according to a new report from the African Development Bank (AfDB). The reasons for the increase in size and purchasing power of the African middle class include strong economic growth, and a move towards a stable, salaried job culture and away from traditional agricultural activities.''

https://www.afdb.org/fr/news-and-events/africas-middle-class-triples-to-more-than-310m-over-past-30-years-due-to-economic-growth-and-rising-job-culture-reports-afdb-7986

yet Africans talk of barrier and slave trade that ended a century ago.

Dumbo, I never mentioned 'slave trade', and trade barriers (sky high tariffs) are not ''a century ago''. They exist till today. If you had a working brain and were not a school dropout drowning in self-hatred and ignorance, you would grasp these easy things I typed.

Okay you have barriers to the western market, what about serving Africa first. How about serving middle east, asia?

The Middle East and 'Asia' ALSO have set up barriers to manufactured African imports. It is a WORLDWIDE thing, not just a western thing. You cannot fast track industrialisation by ''serving Africa first'' because of low purchasing power on the continent. You need the rich world to buy your manufactured goods, or you cannot generate the capital to see you industrialise rapidly.

Answer is LAZINESS. A typical Nigerian worker will spend 5 out 8 hours on scial media and the internet while at work. The factory is another story ... labour with entitlement mentality and urge to steal.
The north with its vast population is peopled by lazy population, who lay about selling currency instead of being in the farm. Those who own livestock hire children as herders and lay about doing nothing. The South East is peopled with resellers of imports, while the West is home to motor touts. So, where is the productive population?
Go out, the same Nigerians lazing about when the leave Nigeria work 2 jobs. Nurses and Doctors put in approimately 55 hrs a week. But back home it is 35 hrs. Teachers are a different specie, I can'r go there..

I'll just take this pile of vomit and throw it in the trash where it belongs.

Emancipate yourself from self-hatred and inferiority complex. Ignorant little dunce.

thebosstrevor1

Low productivity is one of the issues but you need to ask yourself, how do countries get rich?

The answer is simple, by capitalism.

I agree that capitalism is the only path way to prosperity. I disagree with your perception of that capitalism is.

Capital simply refers to private ownership of businesses and resources and has little to do with specific tax policies or social security programs.

Most western European countries have higher tax rates than the U.S. and also have better social programs too. The U.S. has a higher percentage of millionaires but it is also more unequal and thus struggles with security challenges.

Nigeria has one of the lowest tax rates on earth and it is a shit hole as a result. Lower taxes than U.S or any country I can think of. Lowering taxes further would not lead to industrialization.

Lower tax, high tech manufacturing businesses that connects to international market, highly skilled labour and investing in expanding on higher education and training .

- Only 30 percent of Canadians have university degrees
- 32 percent in the United States
- and 49 percent in the United Kingdom.

Does this imply that 70 percent of Canadians, 68 percent of Americans and 51 percent of British people are unproductive?

A quality university education is extremely expensive. Nigeria will rather give half baked programs were individual students have to work ten times harder to have a basic understanding of their course work.

Primary and secondary education is also expensive but it is much more affordable than university.

Most of us think we are educated but we aren't. Consider the number of books the average Nigerian secondary school leaver has read as compared to people in the developed world.

Basic education goes beyond learning how to read, write and solve arithmetics. It involves learning how to learn, learning that putting in hard work and perseverance leads to achievements, delaying gratification and basic morality. These are completely absent from the Nigerian experience.

Nigerians can work from morning to night but if no skilled labour and also people that are ready to take risk to build businesses that connect to international trade, we shall remain poor forever.

We are generally unproductive because we lack quality basic education.

Rossinkup:


Dumbo, China became a manufacturing powerhouse by doing what YOU will not accept in Nigeria. They literally banned ALL IMPORTS for 3 decades, their middle classes were forced to ride bicycles when everyone else around the world were driving cars, and all this was enforced by BRUTAL DICTATORSHIP and absolute suppression of civil rights, which continues till today.

Millions of dissidents were jailed and killed in the process, and political prisoners abound there till today.

Are YOU willing to forego all your rights from now till the year 2060 to become self sufficient in manufacturing like China? if not, then SHUT UP.




Dumbo, The 4 'Asian Tigers' were deliberately chosen by the victorious allies after WW2 to serve as capitalist bulwarks against Soviet communism in the Asia pacific, and were given multiple interest free loans, outright monetary grants, massive technology transfer, and most importantly free, unrestrained access to European and US markets for their finished goods. This allowed them to leapfrog in industrialisation in 30 years.

That their NEIGHBOURS - Bhutan, Cambodia, Philippines, Myanmar (Burma), Sri lanka, Bangladesh etc are still grossly underdeveloped, worse than many African countries, shows you just how ARTIFICIAL and EXTERNALLY GENERATED their industrialisation was.



India has joined WHAT, exactly?

Firstly there was never any designation of India as a permanent raw material source, so their products are not subject to the high tariffs charged for African manufactures, and secondly, MANY COUNTRIES IN AFRICA HAVE HIGHER LIVING STANDARDS THAN INDIA.

So I've no idea where you are going with that.

You also seem to be GROSSLY IGNORANT of the PROGRESS that Africa has made in the last 30 years.

- Today Africa has the fastest growing middle class in the world.

- 6 of the world's 10 fastest growing economies are in Africa.

- ''The number of middle class Africans has tripled over the last 30 years to 313 million people, or more than 34% of the continent’s population, according to a new report from the African Development Bank (AfDB). The reasons for the increase in size and purchasing power of the African middle class include strong economic growth, and a move towards a stable, salaried job culture and away from traditional agricultural activities.''

https://www.afdb.org/fr/news-and-events/africas-middle-class-triples-to-more-than-310m-over-past-30-years-due-to-economic-growth-and-rising-job-culture-reports-afdb-7986




Dumbo, I never mentioned 'slave trade', and trade barriers (sky high tariffs) are not ''a century ago''. They exist till today. If you had a working brain and were not a school dropout drowning in self-hatred and ignorance, you would grasp these easy things I typed.



The Middle East and 'Asia' ALSO have set up barriers to manufactured African imports. It is a WORLDWIDE thing, not just a western thing. You cannot fast track industrialisation by ''serving Africa first'' because of low purchasing power on the continent. You need the rich world to buy your manufactured goods, or you cannot generate the capital to see you industrialise rapidly.



I'll just take this pile of vomit and throw it in the trash where it belongs.

Emancipate yourself from self-hatred and inferiority complex. Ignorant little dunce.

It is a symptom of schizophrenia for a person to believe everyone is after them.

Why do the "barriers" exist?? Because African imports are low quality. The typical Nigerian wants to export poultry, charcoal or milk for fast cash. Poultry and Milk being edible are highly regulated. The average Nigerian just want to kill chicken freeze it send it to EU or US and make EURO/USD without concern for product quality. Such products ate turned back at the border.

Look playing victim is a sign of sickness.

Nigeria is not the only country affected by trade barriers, colonization or slave trade - so Nigeria needs to grow up fast stop making excuses and deliver results. Plain and simple.

Even if the whole world bandied up against Nigeria with trade barriers, Nigeria is still responsible for resolving this problem and deliver results. It's YOUR PROBLEM

Tianamen1:
thebosstrevor1



I agree that capitalism is the only path way to prosperity. I disagree with your perception of that capitalism is.

Capital simply refers to private ownership of businesses and resources and has little to do with specific tax policies or social security programs.

Most western European countries have higher tax rates than the U.S. and also have better social programs too. The U.S. has a higher percentage of millionaires but it is also more unequal and thus struggles with security challenges.

Nigeria has one of the lowest tax rates on earth and it is a shit hole as a result. Lower taxes than U.S or any country I can think of. Lowering taxes further would not lead to industrialization.



- Only 30 percent of Canadians have university degrees
- 32 percent in the United States
- and 49 percent in the United Kingdom.

Does this imply that 70 percent of Canadians, 68 percent of Americans and 51 percent of British people are unproductive?

A quality university education is extremely expensive. Nigeria will rather give half baked programs were individual students have to work ten times harder to have a basic understanding of their course work.

Primary and secondary education is also expensive but it is much more affordable than university.

Most of us think we are educated but we aren't. Consider the number of books the average Nigerian secondary school leaver has read as compared to people in the developed world.

Basic education goes beyond learning how to read, write and solve arithmetics. It involves learning how to learn, learning that putting in hard work and perseverance leads to achievements, delaying gratification and basic morality. These are completely absent from the Nigerian experience.



We are generally unproductive because we lack quality basic education.

1. Capital and capitalism are 2 different things.
2. Capitalism encorages lower tax and less government interference.( laissez faire)
3. Western Europe practice socialism, that is why there is high tax to fund free social services for the poor. The rich pay most of the tax to fund the poor.
4. United states practice capitalism, that is why most people want to go to to the United states, there are millionaires in the United states than in western Europe because capitalism rewards hard work.
5. A capitalist society encourages innovation, most of the innovation in recent times have been from the United states.
6.Nigeria does not have one of the lowest tax rate in the world, compay tax is 30% and not to talk about other taxes, salary earners can be taxed from 7% to 24% depending on your pay.
7.qualitu basic education is a starter pack for anyone that want to contribute to society, reading and writing is a must.
8.Hard work and perseverance does not neccesarily lead to development or success, you need to have the right skill set and with hardwork and perseverance, also if you are an entrepreneur, you need to have cash, to make cash you need cash.

BigBashiru:


It is a symptom of schizophrenia for a person to believe everyone is after them.

Why do the "barriers" exist?? Because African imports are low quality.

You are a complete dunce and ignoramus.

You don't impose high tariffs to discourage low quality imports.

You simply impose QUALITY STANDARDS via legislation and regulation. Products which fail those standards are barred from entry into your market. That is how it is done.

You don't even qualify to be in this discussion or debate, because you know ABSOLUTELY NOTHING about how international trade, development, and industrialisation work.

You need to go and spend some time reading up on these issues, before you can participate.

Nigeria is not the only country affected by trade barriers, colonization or slave trade - so Nigeria needs to grow up fast stop making excuses and deliver results. Plain and simple.

Dunce, ALL AFRICA is affected by the tariffs for African manufactured goods. It is the reason Ghana and Ivory Coast, the world's largest cocoa producers, earn only 6 billion dollars from the 100 billion dollar chocolate industry.

The minute they try to set up chocolate factories to export processed cocoa, they are met with sky high tariffs which make the products uncompetitive, and so have no choice but to export the cocoa raw.

This is the case with EVERY other African natural resource for which processing is attempted in Africa. It was the reason the USA set up AGOA, which removes tariffs on selected African manufactured goods, and this has helped several African nations export manufactured goods to the US. But the US is only 20% of the world economy, so their efforts are insufficient. ALL the world must remove tariffs on African manufactured goods and create a level playing field for EVERYONE.

Even if the whole world bandied up against Nigeria with trade barriers, Nigeria is still responsible for resolving this problem and deliver results. It's YOUR PROBLEM

Again it is against AFRICA as a whole, not ''Nigeria'', you wingbat, and AFRICA has responded by creating the intra-African free trade zone, which should see intra-continental trade boosted significantly in the coming years.

It will not be a quick transformation, because of the relatively low purchasing power on the continent, and other issues relating to infrastructure, etc, but it will set the ball rolling.

thebosstrevor1

1. Capital and capitalism are 2 different things.

2. Capitalism encourages lower tax and less government interference.( laissez faire)

The 'RIGHT' (Republicans, conservatives are consistently focused on lower taxes and not every person.

- Warren Buffet is a democrat and is for higher taxes in the United States to improve the quality of education.

-Ray Dalio, owner of the largest hedge fund on earth is for higher taxes to increase the quality of education in the United states.

-George Soros, billionaire hedge fund manager and life long democrat is for higher taxes too.
The saying is that he broke the bank of England with a Pound Sterling short.

-Late Paul Volker, Federal Reserve chairman during the Ronald Regan presidency was democrat.
The saying is that he broke the back on inflation in the United States by raising interest rates very high and that his policies led to 2 decades of growth in America.

Republicans are consistently for lower interest rates.

-Bill Gates called for higher taxes in Nigeria when he attended Dangote's Daughter's wedding and explained, that while his charity focused on healthcare, the Government needs to do more for public education to improve the quality of our Human Capital.


These people are amongst the most successful people on earth, capitalist in all respects and understanding, yet there believe taxes in America should go higher as inequality exist there and the cure for inequality is better basic education.

3. Western Europe practice socialism, that is why there is high tax to fund free social services for the poor. The rich pay most of the tax to fund the poor.

Please name 5 other Capitalist nations on earth other than the United States.

Since Western Europe is socialist, and socialism is bad and doesn't lead prosperity, Nigeria should not aspire to be like any Western European country.

4. United states practice capitalism, that is why most people want to go to to the United states, there are millionaires in the United states than in western Europe because capitalism rewards hard work.

Socialist China, which also funds basic education like the United States, has the second highest number of millionaires on earth.

5. A capitalist society encourages innovation, most of the innovation in recent times have been from the United states.

Socialist China has some of the most innovative companies on earth, be it TIKTOK, Ten cent, Ali baba, etc. In fact, only the United states has more new IT companies than Socialist China.

6.Nigeria does not have one of the lowest tax rate in the world, compay tax is 30% and not to talk about other taxes, salary earners can be taxed from 7% to 24% depending on your pay.

If company taxes in Nigeria is 30 percent, then it should be reduced.

However, Property taxes, vehicular ownership taxes, sales taxes, VAT, etc, need to go much higher. Nigeria has a tax to GDP ratio of 6 percent which is close to the lowest on earth.

The Nigerian government needs discourage spending on imported things, so increasing taxes would reduce disposable incomes, reducing our demand for dollars, and hopefully stabilizing our Naira.

If funds from taxation is used for Education, it would boost our GDP because funds would now be spent on local purchases increasing the multiplier effect of money within Nigeria.

7.qualitu basic education is a starter pack for anyone that want to contribute to society, reading and writing is a must.

Basic education doesn't stop at reading and writing. The books children read also affect their world views. We hardly have books in Africa.

Confusius saying:

"If your plan is for one year, plant rice. If your plan is for ten years, plant tree. If your plan is for one hundred years, educate children".

8.Hard work and perseverance does not neccesarily lead to development or success, you need to have the right skill set and with hardwork and perseverance, also if you are an entrepreneur, you need to have cash, to make cash you need cash.

BigBashiru:
Ontario - CA$848 billion (2020)
Nigeria GDP - 443 billion USD (2020)

This is just Ontario not the whole Canada. And Ontario no even get oil.....

It is unfortunate you embark on a journey of comparison between fool and wise.

azpekuliar:


Laziness first. Laziness before corruption.

Laziness as in how? You sound so foolish in case you don’t know. It’s best you shut up please

azpekuliar:


Laziness first. Laziness before corruption.

Laziness as in how? Do you know how many abled young and old men & women are willing to work if government provide jobs or create an atmosphere that will attracts investors? You would so foolish in case you don’t know. It’s best you shut up please

Tianamen1:


We can tax houses, cars, phones and other items. We can also increase our VAT to the same level as our neighboring west African countries. We can put a high sales taxes on any imported item other than medication.

Yes, that is part of what I mean by raisng our tax to gdp ratio...

All these taxes will affect the rich in society more disproportionately that is why our government fails to implement this.

True, and I probabaly would support it. But the poor and middle class too need to pay some form of tax. We cannot rely on revenues from raw materails whose prices we don't control forever...

As at this point, you are an elitist capitalist. Unfortunately, your ideas will only lead to social unrest, increased inequality and insecurity.

So, my wanting us to get everyone taxed...from rich to poor, means that I am a capitalist?

Well, my aim for supporting subsidy removal is that it attracts more ivneestment and more jobs...and potentially more taxable revenue.

Amotolongbo:
don't tell me that comprehending English language is your problem.

Cos I can’t remember saying Land Mass equates to GDP

Typical female response.

Lonelypacifist6:
Typical female response.

typical male response

Rossinkup:


You are a complete dunce and ignoramus.

You don't impose high tariffs to discourage low quality imports.

You simply impose QUALITY STANDARDS via legislation and regulation. Products which fail those standards are barred from entry into your market. That is how it is done.

You don't even qualify to be in this discussion or debate, because you know ABSOLUTELY NOTHING about how international trade, development, and industrialisation work.

You need to go and spend some time reading up on these issues, before you can participate.



Dunce, ALL AFRICA is affected by the tariffs for African manufactured goods. It is the reason Ghana and Ivory Coast, the world's largest cocoa producers, earn only 6 billion dollars from the 100 billion dollar chocolate industry.

The minute they try to set up chocolate factories to export processed cocoa, they are met with sky high tariffs which make the products uncompetitive, and so have no choice but to export the cocoa raw.

This is the case with EVERY other African natural resource for which processing is attempted in Africa. It was the reason the USA set up AGOA, which removes tariffs on selected African manufactured goods, and this has helped several African nations export manufactured goods to the US. But the US is only 20% of the world economy, so their efforts are insufficient. ALL the world must remove tariffs on African manufactured goods and create a level playing field for EVERYONE.



Again it is against AFRICA as a whole, not ''Nigeria'', you wingbat, and AFRICA has responded by creating the intra-African free trade zone, which should see intra-continental trade boosted significantly in the coming years.

It will not be a quick transformation, because of the relatively low purchasing power on the continent, and other issues relating to infrastructure, etc, but it will set the ball rolling.

You are just as lazy as your African counterparts who are excuse masters.... ive already told you what should be said to a schizophrenia patient: even if the whole world bandied up against Africa Africa is still responsible for overcoming that challenge. Get this thru ur thick skull and be done with your infinite excuses

Neutralobserver

Yes, that is part of what I mean by raisng our tax to gdp ratio...

True, and I probabaly would support it. But the poor and middle class too need to pay some form of tax. We cannot rely on revenues from raw materails whose prices we don't control forever...

The poor and middle class also have houses and phones and also pay VAT.

So, my wanting us to get everyone taxed...from rich to poor, means that I am a capitalist?

Capitalist is a good word. the qualifier, Elitist is the bad word.

Well, my aim for supporting subsidy removal is that it attracts more ivneestment and more jobs...and potentially more taxable revenue.

Rising prices of energy is mainly as a result of the falling value of the Naira. Taxation should reduce importation of effizy items. If tax revenue is used on public education, the naira would stabilize in the long run.

What this means is that we would be able to remove subsidies without further increases in prices caused by our own inefficiencies.

Consider this fact, around 2006, a barrel of crude sold for about $70. petrol was sold locally at about N65-N75 per litre and the government paid little to no subsidies.
Today, a barrel of crude cost about $70. petrol is sold at N160 and the government is paying N60 per litre on subsidies.
the falling value of the naira is the issue. taxation and spending on public basic education would would lead to a stronger Naira.

BigBashiru:

Most economic activity in Canada does not take place in Ontario thats not true. British Columbia has a large lumber (wood) industry. Alberta i =s vast in oil and gas. Quebec is home to agriculture and aircraft manufacturing. Manitoba is agro-based; same as Saskachewan.... so Ontario is not where everything is centered. Its just the most populated.

The reason I picked Ontario for the comparison is to show how just one province beats naija.

new York City gdp is higher than that of nigeria. new York City is different from new York.

Apple as a company cash at hand is equivalent to our 3 years budget

Mr man! Canadian dollar is not the same with US dollar, besides you can't compare the two places.

a local govt in Canada is more than a whole region in Nigeria in terms of everything apart from useless landmass.

MansoryMX:



Laziness as in how? You sound so foolish in case you don’t know. It’s best you shut up please

My friend, when I say lazy, I am not referring to the Iya Alakara down the road, I mean that the political leadership is lazy!

The leadership that this country has had post-first republic has sustained a culture of sharing and rent-seeking that is taking this country nowhere. A structure designed to share resources and not to produce/grow resources. A structure designed to encourage indolence and laziness. There is nothing in the current structure to drive and reward hardwork or industry by the component (and INORGANIC I must add) federating units.
A structure were 36 states are dependent on only 9 states for their survival how your GDP wan take exceed that of Ontario or California?

Take Ireland for instance, a country of 4m people, comparable to Osun state. The mainstay of their economy is agriculture, fishing, forestry etc bringing in over $300bn a year. Since it was discovered in this country, crude oil has never earned Nigeria more than $50bn in a year and that is the mainstay of your economy that 36 states (including some big-for-nothing states like Niger, Kano) shamelessly scramble to share every month as FAAC. smh

Sadly, the future remains bleak because as the cake continues to shrink every year the amount of hands struggling to get a bite continues to grow exponentially. At the same time, your leadership stubbornly refuses to make the constitutional changes that will allow much bigger cake(s) to be baked.