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Nairaland Forum / Nairaland / General / Politics / Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor (13151 Views)
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Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by alt3r3g0: 6:45am On Feb 13 |
Very poor but you can "start with #500 million first" for 37 people...continue 1 Like 1 Share |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by HugoBoss10(m): 6:46am On Feb 13 |
Is this a new trick Squander their common wealth and convince them that their country is so poor. And life goes on. I promise you that soon it's not going to be business as usual 1 Like |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by Bizibi(m): 6:48am On Feb 13 |
Kenochi:the country is rich....money made from igr is enough to do something,just igr alone not from crude oil alone. Forget this bayo talk. 2 Likes |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by BabaO2: 6:50am On Feb 13 |
Tolumiide:listen to facts coming out, this is the only government trying to do things differently away from the usually packaged and padded economy. 1 Like 1 Share |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by bluefilm: 6:51am On Feb 13 |
Nonsense Agbado talk You thought government and power is all about grabbing it and running away with it? Now reality don dey catch up You don dey make excuses for your incompetence, every now and then Nonsense 1 Like |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by Procashtips(m): 6:54am On Feb 13 |
So we are suddenly poor but one politician can steal billions at a go? 1 Like |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by VeeVeeMyLuv(m): 6:54am On Feb 13 |
Yes you are correct But the most painful, wicked part of the whole shit that you fail to tell us is that the small wealth that the country manage to have is held by just a handful ✋ of persons! 1 Like |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by Fortuneed(m): 6:54am On Feb 13 |
The answer I daresay is our fear to break out of this Ratrace we have found ourselves as a people Our leaders know the problems but are not willing to go the whole hog to solve it This idea of holding ourselves back because we want to develop together is one of the absurb things that we have foisted on ourselves Until we break the chain of being bound together and begin to allow communities to own what they produce and send taxes to the federal government,then we are not ready to get out of this so called poverty 1 Like |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by Procashtips(m): 6:55am On Feb 13 |
Nigeria is very poor but our politicians are one of the highest paid in the world. Make me understand. 1 Like |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by Procashtips(m): 6:56am On Feb 13 |
We are poor now but before election, we were rich right? 2 Likes |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by maestro299: 6:59am On Feb 13 |
Kenochi:I agree. 1 Like |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by BabaO2: 6:59am On Feb 13 |
Bizibi:it depends on your exposure. Igr, everything combined, you struggle to finance an annual budget of $40b why South africa has a budget of $150b. 1 Like 1 Share |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by umobile: 7:03am On Feb 13 |
We should reflect this in our salary and spending on public officers and block all loopholes for stealing 2 Likes 1 Share |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by Bizibi(m): 7:04am On Feb 13 |
BabaO2:it is not hearsay if the government want to raise 20b dollars they can make it happen without borrowing the big problem is corruption,that is the major problem in the system. I know what I am saying because I know what happened in the last administration. If anybody tells you nigeria is poor,na lie..... the loopholes are many in the system. 1 Like |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by Sochieke: 7:06am On Feb 13 |
Nigeria is actually poor, the issue is when Nigerians hear 1 trillion naira, the think its a huge amount, its actually not for a country of 200 million, 1 trillion naira is equivalent to a billion dollars, some major companies make that in a day not "countries" just companies. The country needs other sources of income, oil isn't enough for such a huge population, even if they were producing Russia and Saudi levels of oil which they dont and can't. 1 Like 1 Share |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by Brushstrokes20: 7:12am On Feb 13 |
👀👀Yes o!... So poor that your legisLOOTERS recently acquired 180 million state of the arts bullet proof jeeps and suvs each,😏 So poor that your president recently acquired 5 billion luxurious yacht etc......😏 # useless govt of self serving THIEVES AND BLOODTHIRSTY TERRORISTS! # àwon ole, jegudu jera, odara olosha, mashanfani eda gbogbo! # only bloodthirsty Khaki boys can salvage the situation 💯 2 Likes |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by patrickcollins: 7:18am On Feb 13 |
HeatSeeker:yet they go about budgeting billions for themselves and for their luxury 1 Like |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by Tayorshd87: 7:22am On Feb 13 |
christistruth01: U dont understand then leave d thread |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by nigeriansamurai(m): 7:28am On Feb 13 |
[quote author=HeatSeeker post=128426712]The bitter truth |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by BabaO2: 7:29am On Feb 13 |
Bizibi:I agree with you 💯. It is a systemic issue and many loopholes. The major loopholes is the nnpc which I believe has been recently plugged, we wait to see the outcome. Another loophole, is the national assembly spending, I don't know who can stop that one, except revolution within themselves or a sponsored one from the masses |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by kay29000(m): 7:38am On Feb 13 |
Nigeria is not poor, far from it..the only thing you can say is that we're not very rich when you compare our oil wealth with our population/mouths to feed. So much dead weight in the country. 1 Like |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by Brushstrokes20: 7:41am On Feb 13 |
👀👀Brainlessness is the minimum requirement / qualification to be part of this useless govt 😜😜😂😂🤣🤣😁😁😀💯💯 1 Like |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by Fortuneed(m): 7:44am On Feb 13 |
This is the reality on ground but our politicians knows this and i believe they are trying to milk it dry as much as possible before we all get to know the truth. |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by emonis88: 7:45am On Feb 13 |
Bayo In Ononuga has bn one of most vocal in this govt. He was one of the people who were after d Igbos in Lagos, telling Igbos to leave Lagos. Now he is coming out to say Nigeria is poor, poor because ur principal has mismanaged the country in just 8 months. Buhari destroyed the country, Tinubu has continued to make things worst, n all Mr Bayo can say is this? But u chase ur fellow country men away from a region cus of power to rule d so called poor country? I think there is something he is not telling Nigerians. 1 Like |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by nigeriansamurai(m): 7:46am On Feb 13 |
BabaO2:why do you think that Nigeria struggle to finace such a budget? take a look at revenue generating structures in Nigeria as of the 1900 how many are even half as active as they are today(except petroleum). Nigeria was the major supplier of many agricultural products in the world, palm, cocoa, cassava, plantain, yam etc agro sector was regulated and managed by the government, thus extra revenue. But today how much does the government make from these sectors? Just last week i and a friend saw people selling imported fish NEAR WATERSIDE and we where laughing at the irony, we even import what we have, so how we go see revenue. bro no be today, in fact we are poor i agree, but if Nigeria wants to rule Africa na over night something. 1 Like |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by skj1377(m): 7:47am On Feb 13 |
Nigeria is rich. Your the person with poor ideas. You don't deserve to be in government 1 Like |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by kay29000(m): 7:48am On Feb 13 |
JAMO84: Exactly what i tell people when they compare us to other oil producing countries. They'll say see Saudi Arabia...see Qatar...we don't have the amount of oil those countries have, and we also can't compare our populations. Saudi Arabia population is 35 million, and Qatar population is just 2 million...Nigerian population is 100 times the population of Qatar. We have too many mouths to feed on our oil welath, not to mention the men that have 9-10 kids that they can't feed...dead weight. |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by Livesradio(m): 8:01am On Feb 13 |
Nigeria is poor and government official are leaving large, we have close to 50 minister our ligislator and collecting different form of allocation. Poor my foot. Mismanagement. 2 Likes |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by Ifyz0001: 8:08am On Feb 13 |
When they finish their tenure you will hear the trillion they all embezzled. Wicked people!! 1 Like |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by kay29000(m): 8:20am On Feb 13 |
phorget: So true. I always look at some people were I stay, they don't have money, yet they keep having kids...5,6,7,8...and they don't have means to take care of these kids...so much dead weight in the country. 1 Like |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by themanderon: 8:33am On Feb 13 |
Overestimated but they are busy buying cars worth millions for themselves and living lavish lifestyles at the expense of the ever poor and docile people of Nigeria. 1 Like |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by themanderon: 8:36am On Feb 13 |
kay29000: You are now shifting the blame from the years of mismanagement, misrule and corruption of our leaders to the people? No wonder politicians will continue to take docile and easily manipulated Nigerians for fools. Apc was supposedly elected to work to better the lives of the people but they have taken it upon themselves to keep giving untenable excuses upon excuses. If the job is too hard for them let them resign and get their stinking bodies out of power but they won't do it. 3 Likes |
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