Mooh247:


IGR don't come in bulk like loan, so you borrow and offsett it with IGR later

Do you pay back a loan once?

Quite obvious you don’t do business?

sapele914:
Do you pay back a loan once?

Quite obvious you don’t do business?

You don't pay back loan at once but you get the loan at once to solve your immediate infrastructure deficit instead of waiting for IGR that comes in monthly

Mooh247:


I don't need to travel to Ghana to access their developmental statistics... Poverty index, GDP, Unemployment rate, FDI, IGR are good enough for me to make rational accessment


.

GDP is not development. Nigeria is top 35 highest GDP in the world yet ranks above 100 in development. GDP is not development, if you must use GDP then use per capita GDP.

obynzo:


How did Lagos become bigger? Oga stop being stupid for once and face the reality, i ask again show me the projects that Tinubu and co have put in Lagos that spurred growth, Please not the incomplete Light rail oooo show me. It is clear to the blind that Businesses come into Lagos because of proximity to the ports and nothing more. You say Lagos was bigger than it was when the capital moved to Abuja, to correct that notion it was then Lagos started decaying and became a shadow of itself, people who lived in Lagos in the 70s and 80s would attest to that.

Go and tell your father at home that he is stupid. The start ups, tech hubs, FDIs and economic hubs in Lagos is because of proximity to the port? or is your fathers coming enmass to sell gala in traffic is also because of the port?
My last reply.

PHIPEX:
GDP is not development. Nigeria is top 35 highest GDP in the world yet ranks above 100 in development. GDP is not development, if you must use GDP then use per capita GDP.

GDP is about what a country has to offer,wealth distribution is another ball game entirely

That state like Ebonyi and Zamfara remains Poverty capital due to laziness and their per capita remains little doesn't mean Lagos , Ogun, Oyo , Abuja are not doing better

Mooh247:


GDP is about what a country has to offer,wealth distribution is another ball game entirely

That state like Ebonyi and Zamfara remains Poverty capital due to laziness and their per capita remains little doesn't mean Lagos , Ogun, Oyo , Abuja are not doing better

Nigeria has a higher GDP than South Africa and Egypt yet less developed. Bayelsa has a high GDP due to oil yet less developed.

If you want to mention development, use Human development Index (HDI) not GDP then you will see where Anambra stand.

michlins:
you already have eight years which is half of what PDP had. Also oil is selling higher than it sold for most part of PDP years. So yes, keep blaming PDP.

Of all the issues I raised, this is what you can come up with

In your world 8yrs must be greater than 16yrs especially in a situation where I already said PDP set us back several years due to their lack of infrastructural drive during their 16yrs.

PDP years Nigeria had only one 3000bpd modular refinery for her entire 16yrs.

APC 8yrs and Nigeria has eleven 20000 bpd modular refineries.

So tell me why I shouldn't blame PDP?

PHIPEX:
Nigeria has a higher GDP than South Africa and Egypt yet less developed. Bayelsa has a high GDP due to oil yet less developed.

If you want to mention development, use Human development Index (HDI) not GDP then you will see where Anambra stand.

According to UNDP Anambra stands number 18 on the list in Nigeria

And that was under Obi

sapele914:
Keep believing your own lies, When did the oil index sell higher than it sold for most part of PDP years?

Prices continued to rise on Wednesday reaching levels not seen for nearly a decade. U.S. WTI rose to as high as $111.50, the highest since 2013, while North Sea Brent crude hit $113.02, the highest since 2014. Both fell back a little during the session but prices were still up some 5%. 2 Mar 2022.

https://www.google.com/search?q=oil+hits+highest+since+2014&ie=UTF-8&oe=UTF-8&hl=en-us&client=safari

how much did oil sell during Obasanjo and Yar'Adua. The only era oil was sold very high was just during Jonathan and it didn't last for up to three years.

Right now oil is selling over $100 which is above our budget still we're borrowing. The inability to save in ECA which Jonathan was crucified for,we don't talk about it. Even with oil selling for less than Jonathan era, we pay more for petrol and subsidy.

How about you tell me what is happening with subsidy Buhari said never existed

Igbofam:



In your world 8yrs must be greater than 16yrs especially in a situation where I already said PDP set us back several years due to their lack of infrastructural drive during their 16yrs.

PDP years Nigeria had only one 3000bpd modular refinery for her entire 16yrs.

APC 8yrs and Nigeria has eleven 20000 bpd modular refineries.

So tell me why I shouldn't blame PDP?

all the modular refineries and we still have to import petrol. Please don't hinge your hopes on Dangote refinary cause that's private enterprise

Mooh247:


Put up the most indebted Countries in the world and you will find America as Number one and China as number two

These are serious countries like Lagos State

Lagos IGR in a year can comfortably pay up it's little loans used to build critical infrastructure like rail, and metro system

.

Favor would always locate you. with your detailed analysis.

ledaman:
Favor would always locate you. with your detailed analysis.

Amen

Thank you sir

Mooh247:



According to UNDP Anambra stands number 18 on the list in Nigeria

And that was under Obi

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Mooh247:



According to UNDP Anambra stands number 18 on the list in Nigeria

And that was under Obi

Don't be too smart by half, post 2018 report

It is a welcome development, I hope they would channel it to infrastructural development.. the proceeds.

michlins:
all the modular refineries and we still have to import petrol. Please don't hinge your hopes on Dangote refinary cause that's private enterprise

We still need to import because they are still not enough.

Do you think a population of over 200million is a joke to you?

Russia and Saudi Arabia with all their oil and refineries still import petroleum derivatives despite even Saudi Arabia being a population of 34m compared to Nigerias over 200m

EnglandAmaka:
Good news

for the oil producing states

PHIPEX:
Don't be too smart by half, post 2018 report

Did Peter Obi govern in 2018?! Obiano did

Referenced 2016 2 years after Obi left office

The person I countered wanted us to believe Obi a philosopy graduate is some kind of economics mesiah

Mooh247:


Did Peter Obi govern in 2018?! Obiano did

Referenced 2016 2 years after Obi left office

The person I countered wanted us to believe Obi a philosopy graduate is some kind of economics mesiah

He has a foresight to lay the foundation every other govt in Anambra is enjoying now.

Eg moving fro. 27th in Education to top across all states in Nigeria wasn't magic. Investment in Education does not yield immediate result, that's why the results are changing now

2011 data in 2022. A lot of stuff changed in 11 years in between which is like a generational shift.

Mooh247:


Debt stock especially bonds are subscribed to by anybody anywhere in the world, you as a Nigerian can buy US bonds

Igbofam:


USA stopped all oil purchase from Russia since April 12th.

EU are phasing out theirs just like the OP said.

Las Las Russia go chop breakfast

As of yesterday USA is still importing Russia oil and gas.
USA sec of the state said it himself.

Bluntguy:
Another oil windfall is about to happen. More corruption loading. Poor Nigerians will become poorer. If you like don't vote in Peter Obi. Na you go regret am las las.

The same Obi exposed during pandora disclosure?

Mooh247:


Same Peter Obi that couldn't develop Anambra for 8 years while Oil sold above $50

No airport, No rever port, No increase in GDP, No metro busses like BRT, No metro rail, No new Stadium, nothing just boreholes and school desktop computers

Anambra ranks 16 out of the 36 States in Nigeria in terms of GDP and Economy yet you wickedly want us to vote someone that can't fix his state because of ethnic and religious sentiment





.

It's a great feeling to sound stupid.

Mooh247:


Common sense dictate you read before getting emotional with your response


I compared Lagos debt profile to that of US and not America and Nigeria

Borrowing goes hand in hand with nation building economically via critical infrastructure to better the life of your citizens.

You only borrow or raise fund to build critical infrastructure to turn your economy around and create emoyment in order to better the life of your citenzens.
So, when the US raise fund externally through bond selling, you see it clearly in their economy, which has adequate infrstaructures and employment creation that better life of Americans.
That is opposite of Lagos or Nigeria kind of borrowing or raising fund externally.

Lagos borrow, still lack adequate infrastructures and dont better life of citizens.

Thats my point

So with the kind of money Lagos borrows, as small as they are as a state, they should be like Dubai. Thats the only way you justify the borrowing. But anything short of that, its unjustifiable.

In summary, America debt is used to build a better nation that betters life of citizens. Lagos debt is diverted into pockets of few thieving politicians. So the money Lagos borrowed is useless

GEEBITE:
2011 data in 2022. A lot of stuff changed in 11 years in between which is like a generational shift.

Ok thanks for that .. US now has $34.4 trillion external debt, alot really changed and the figures rose astronomically

Mentcee:


It's a great feeling to sound stupid.

I don't know how you feel, but if stupidity makes you feel great then good for you

Kindly stop qouting me if you are bereft of facts

Thanks

Bluntguy:
Another oil windfall is about to happen. More corruption loading. Poor Nigerians will become poorer. If you like don't vote in Peter Obi. Na you go regret am las las.

you dey beg dem ? Those who have a date with suffering think otherwise

Mooh247:


Same Peter Obi that couldn't develop Anambra for 8 years while Oil sold above $50

No airport, No rever port, No increase in GDP, No metro busses like BRT, No metro rail, No new Stadium, nothing just boreholes and school desktop computers

Anambra ranks 16 out of the 36 States in Nigeria in terms of GDP and Economy yet you wickedly want us to vote someone that can't fix his state because of ethnic and religious sentiment





.

who be this one? Other which rock are you crawling out from ?

Mooh247:


Same Peter Obi that couldn't develop Anambra for 8 years while Oil sold above $50

No airport, No rever port, No increase in GDP, No metro busses like BRT, No metro rail, No new Stadium, nothing just boreholes and school desktop computers

Anambra ranks 16 out of the 36 States in Nigeria in terms of GDP and Economy yet you wickedly want us to vote someone that can't fix his state because of ethnic and religious sentiment





.

You truefully do not know what the state Anambra was before and after Peter Obi. It was Peter Obi that helped to position Anambra to the spotlight now that you can check the state contribution to the revenue and GDP currently. Before peter Obi the state was not able to pay salaries etc but as of today it paid and Obiano was able to consolidate on that you can now see the massive development and more to come with soludo

Lightorder:
who be this one? Other which rock are you crawling out from ?

Fvck of my mention niger

Mooh247:


I don't know how you feel, but if stupidity makes you feel great then good for you

Kindly stop qouting me if you are bereft of facts

Thanks

Even your name gives you out as mooooo!

Aufbauh:
Nigeria is a country blessed with so much human and natural resources, strategically populated and position for greatness but yet unlucky with bad leadership over time.

Ordinarily Nigeria should be cashing out from this window but bad leadership won't make us gain from it.

bad leaders and equally bad followers