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How The South East Is Outperforming The Indebted South West In Economic Mastery - Politics (2) - Nairaland

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Re: How The South East Is Outperforming The Indebted South West In Economic Mastery by Streetinvestor2: 1:26pm On May 26
WizardOfNG:
Me, as a Yoruba, remains happy these folks are always d1ck measuring with us while we don't give a toss about them.

It shows who is obsessed with who. People should check OPs topic. Majority show a morbid and scary obsession with the SW and Yorubas.
So now if someone like me want to look for measuring yard I will consider u..lol
How cam my expectations be that low for christ sake
Re: How The South East Is Outperforming The Indebted South West In Economic Mastery by Chivisee: 1:28pm On May 26
Armaggedon:
it's only in southwest that
there exist the warped logic that borrowing is a sign of good fiscal performance. It's really unfortunate their politicians have a way messing up their minds and getting away with anything they want. It is a known fact only economies with terrible fiscal condition that engage in borrowing. If Lagos generate such fund, why does it need borrowing for recurrent expenditure? They'll point to USA, forgetting USA is the sole issuer of the most used currency.
Borrowing in Nigeria is corruption and that what it is.
Stats has shown that southwest politicians are way more intelligent than southeastern politicians. How many times has your politicians visited Lagos to learn leadership skills and management?? Why do most easterners escape southeast at every opportunity they get to southwest? leave tribalism for once and face reality!
Re: How The South East Is Outperforming The Indebted South West In Economic Mastery by lawani(m): 1:31pm On May 26
Streetinvestor2:
You keep talking off point How much is vat. Ask the SW governors what they are doing with thr IGR.You keep shouting about consumption tax which vat.
Can you give the estimate of igbos living in SE and the numbers living outside SE who contribute to this so call vat in those state
Tell me the amount the igbos in lagos contribute to the vat received in that state bearing in mind they contribute largely to the servicing of lagos economy. When you have a useless governor like the case of abia state of many yrs ago ,you won't see anything. The present governor is doing alot without borrowing .It is so because he is prudent in his management of resources.
The SW governors believe once they settle SW president who determines who becomes governor in that region. They owe nobody good performance again. In SE the governors know the people will keep asking questions and thr is no one single individual who is god father
You want my estimate of Igbo population across the world?
Here is it

23 million at home in SE and SS as well as NC
2 million in Yoruba land
700k in Northern Nigeria
700k in Abuja
200k in the US
200K in Europe
Around 1 million or less in Africa and the rest of the world
Re: How The South East Is Outperforming The Indebted South West In Economic Mastery by WizardOfNG: 1:38pm On May 26
Streetinvestor2:
So now if someone like me want to look for measuring yard I will consider u..lol
How cam my expectations be that low for christ sake
Whatever.
Re: How The South East Is Outperforming The Indebted South West In Economic Mastery by Streetinvestor2: 1:44pm On May 26
lawani:
You want my estimate of Igbo population across the world?
Here is it

23 million at home in SE and SS as well as NC
2 million in Yoruba land
700k in Northern Nigeria
700k in Abuja
200k in the US
200K in Europe
Around 1 million or less in Africa and the rest of the world
Whr did you get the statistics because past census in nigeria has no provision for tribe in the form.And that was for a purpose. So how did you come up with this rubbish. In lagos alone you have over 2 million igbos. In Kano and kaduna I know very well has over 2 million igbos in each state.Do you ever go outside delta state which you claim as your state though you are from SW.Try and leave the comfort of your parents house and go hustle in different region of nigeria. I have lived in all region in nigeria and have visited 34 states.The only state I have not been is Bayelsa and Ebonyi state
Re: How The South East Is Outperforming The Indebted South West In Economic Mastery by lawani(m): 2:23pm On May 26
Streetinvestor2:
Whr did you get the statistics because past census in nigeria has no provision for tribe in the form.And that was for a purpose. So how did you come up with this rubbish. In lagos alone you have over 2 million igbos. In Kano and kaduna I know very well has over 2 million igbos in each state.Do you ever go outside delta state which you claim as your state though you are from SW.Try and leave the comfort of your parents house and go hustle in different region of nigeria. I have lived in all region in nigeria and have visited 34 states.The only state I have not been is Bayelsa and Ebonyi state
Publish the pupil manifest of ten random schools in Northern Nigeria and I have no doubt there will be less than three percent southerners in the list out of which there will be more Yoruba than Igbo. If there are ten southern students there will be four Yoruba at least and the rest will be shared between Igbos and other southerners. There will also be Yoruba that are not southerners. If North is 110 million then Southerners are not up to 3 million in the North. Igbos can't be more than one million out of that and if we consider that the North is very rural then it will be more like two percent or less, so Igbos in the North outside Abuja are around 700k. Disprove this by spending money on the research. Ten random public schools in the North
Re: How The South East Is Outperforming The Indebted South West In Economic Mastery by ariesbull(op): 2:51pm On May 26
Politicians are intelligent yet the region isn't developed and pews like hell
Chivisee:
Stats has shown that southwest politicians are way more intelligent than southeastern politicians. How many times has your politicians visited Lagos to learn leadership skills and management?? Why do most easterners escape southeast at every opportunity they get to southwest? leave tribalism for once and face reality!
Re: How The South East Is Outperforming The Indebted South West In Economic Mastery by grandstar(m):
ariesbull:
PRUDENCE OVER PROFLIGACY:


The latest subnational external debt profiles released by the Debt Management Office (DMO) have shattered the long-held myth of who truly anchors sustainable economic growth in Nigeria. For years, massive, credit-fueled balance sheets have been paraded as milestones of development. However, the hard data reveals a completely different reality: the South East is silently engineering an economic masterclass—building massive infrastructure without mortgaging its future to international lenders, while the heavily financialized South West sinks further into a mountain of dollar-denominated debt.

The Debt Realities: A Region in Control vs. A Zone in Jeopardy

According to the audited DMO data, the South East stands tall as the least externally indebted zone in the entire federation, maintaining a tightly managed external debt stock of just $534.72 million. With an average debt of only $106.94 million per state, the region’s governors have resisted the tempting but dangerous trap of easy foreign loans. They have proven that independent fiscal discipline, aggressive internal revenue optimization, and community-driven development are far superior to foreign intervention.

In stark contrast, the South West has become the epicentre of subnational foreign debt concentration. The region is currently drowning under a massive $1.80 billion external debt burden—averaging a whopping $299.60 million per state. Driven aggressively by the high-leverage model of Lagos and its surrounding states, the South West now carries more than triple the foreign debt weight of the South East. This massive dollar vulnerability exposes southwestern economies to severe exchange rate shocks, where currency depreciation instantly inflates the local cost of servicing these loans, eating deep into funds that should go toward governance.

The Infrastructure Paradox: Real Capital Investment vs. Debt-Fueled Splurges

The traditional critique from pro-borrowing economists is that low debt signifies a stagnant economy. Yet, the South East completely turns this theory on its head. The region's economy is profoundly okay, remarkably stable, and intensely productive. Instead of relying on foreign credit lines to build roads, bridges, and markets, the South East has relied on a brilliant mix of public-private partnerships, diaspora inflows, and a cultural blueprint of communal self-sufficiency.
From massive localized urban rehabilitation to independent trade infrastructure, the East is investing heavily in capital assets that yield immediate economic returns. Because these projects are funded through disciplined budget execution rather than skyrocketing foreign loans, eastern states do not have to export their future tax revenues to global institutions. They build, they own, and they profit—entirely on their own terms.
Meanwhile, a massive portion of the South West's $1.80 billion debt goes directly into servicing the high-overhead costs of megaprojects that frequently stall or require continuous refinancing. While the South West remains perpetually hooked on the financial treadmill of international lenders, the South East has proven that the truest form of economic power is infrastructure built on a foundation of zero financial bondage.

The Macroeconomic Verdict: The 2025 financial year has drawn a clear line between debt-driven illusions of wealth and genuine, self-sustaining economic mastery. By keeping its foreign debt at a national low while aggressively scaling up localized infrastructure, the South East has redefined what it means to be fiscally sound. The East isn't just surviving; it is showing the rest of Nigeria how to build a world-class economy without selling out to foreign creditors.
The average Yoruba man does not care about what you have just written. He already has plenty on his plate to handle.

If Igbo land is far more prudent with borrowing funds, good for you. The average Yoruba man is not aware that their state governments have borrowed a lot more than those from the East. They do not care.

Many would even go and sojourn in Igbo land if their atreets were filled with gold, to partake of its wealth.
Re: How The South East Is Outperforming The Indebted South West In Economic Mastery by Streetinvestor2:
lawani:
Publish the pupil manifest of ten random schools in Northern Nigeria and I have no doubt there will be less than three percent southerners in the list out of which there will be more Yoruba than Igbo. If there are ten southern students there will be four Yoruba at least and the rest will be shared between Igbos and other southerners. There will also be Yoruba that are not southerners. If North is 110 million then Southerners are not up to 3 million in the North. Igbos can't be more than one million out of that and if we consider that the North is very rural then it will be more like two percent or less, so Igbos in the North outside Abuja are around 700k. Disprove this by spending money on the research. Ten random public schools in the North
I don't do AI search. Why use school. Use major markets in North and in lagos and come up with results. What is the population of lagos. And after Yorubas .which tribe has the next highest population in lagos. Why whr igbos being forced not to vote in 2023 in lagos by Obama pronouncement and attacks on igbos not to vote.Have you been to major markets across Nigeria. I don't argue with someone who sits and generate things from AI
And Ai has been wrong several times in answer Have you been to sabon garri in Kano.
Which states have u visited in the North for us to continue this argument. So that I will be calling names for you to respond. Not AI generated because thr is no true data base for such in nigeria. All this yrs the tribe was excluded in census to keep igbo population low that leaves outside SE.This is used to increase the population of those states whr igbos lives for political purposes.
Whose votes do you really think made obi win lagos if the igbos in lagos are just 2 million. Why was people like mc bother if it was just 2 million against thr 20 million SW people.

You want to do research..Do reach out to all Igbo families you know and ask this simplle question
How many of thr total family number live in SE and the number that live outside side SE.
This should give u true reflection of igbos who live outside SE and not AI rubbish
Re: How The South East Is Outperforming The Indebted South West In Economic Mastery by lawani(m): 4:27pm On May 26
Streetinvestor2:
I don't do AI search. Why use school. Use major markets in North and in lagos and come up with results. What is the population of lagos. And after Yorubas .which tribe has the next highest population in lagos. Why whr igbos being forced not to vote in 2023 in lagos by Obama pronouncement and attacks on igbos not to vote.Have you been to major markets across Nigeria. I don't argue with someone who sits and generate things from AI
And Ai has been wrong several times in answer Have you been to salon garri in Kano.
Which states have u visited in the North for us to continue this argument. So that I will be calling names for you to respond. Not AI generated because thr is no true data base for such in nigeria. All this yrs the tribe was excluded in census to keep igbo population low that leaves outside SE.This is used to increase the population of those states whr igbos lives for political purposes.
Whose votes do you really think made obi win lagos if the igbos in lagos are just 2 million. Why was people like mc bother if it was just 2 million against thr 20 million SW people
Between schools and owners of shops in markets, which is a better representation of the demography of a community? Do you find professionals or artisans inside markets? Schools where all kids are sent is the best if not the only place to get the data you need and not a market but there will be some disruption because of the Hausa that don't have a high school enrollment rate. A market of 50,000 traders is serving like 23 million people in Lagos and majority of them don't base on trading. Nobody in my nuclear family has any shop in any market currently.. If you want the right data then you go to the schools, it will give you the same thing you will get if you conduct a census

However the majority of traders in the combination of all markets in Lagos state still remain the Yoruba.

After Yoruba in Lagos, I think Hausa is more in sheer numbers followed by Igbos but they will be close.

I have explained the methodology I used to arrive at my conclusion and I wonder why you say I am relying on AI.

If it was only Igbos that voted LP during the Presidential elections in Lagos, then the party would have gotten less than ten percent of the votes it got there. I wonder why you are bringing this up when the same voters that willingly voted LP for Presidency turned round to vote APC for the governorship.
Then the two million estimate I gave as population of Igbos in the west is not Lagos alone but the whole of the SW. I don't think it can exceed that.

If ethnic group was included in the census then what I am saying here would have been crystal clear to all Nigerians. Who stopped it from being included does not want the truth to be known. The truth is in plain sight. Before independence there was no Hausa city up to Ilesa in population apart from Kano, so where is the Hausa population in Nigeria that makes them higher than the Yoruba in population?. The Yoruba clearly have more cities and towns than the Hausa and those cities and towns are far bigger than their counterparts in Hausa land. So are the Hausa majority living in villages? I am willing to bet that the Yoruba have more villages than the Hausa and if not so, the difference would not be much. The Ijesa alone which is half of a senatorial district in Osun have more than 200 villages. Osun alone will have a minimum of 700 cities, towns and villages. So Nigeria's census is a total fraud and the number one casualty is the Yoruba nation. The truth is apparent in the revenue generation since it is people that spend money and revenue can not be faked consistently.

Don't base your conviction on a colonial census that put Igbos at a higher population than the Yoruba and Fulani at fifty percent of the Hausa. That is obviously a manipulated census.

In 1960 western Nigeria's budget was 55 million pounds, Eastern Nigeria's was 12 million pounds and Northern Nigeria's was 7;million pounds.
Re: How The South East Is Outperforming The Indebted South West In Economic Mastery by DuttyChuks: 7:22pm On May 26
Stop this and allow South East to focus! I heard that tilumbu approved new ports in Nigeria without including South East in it; South East will do it from their private pockets... They don't depend on federal government for developments... Thank God, that they're mostly businessmen and handcrafted people.
Re: How The South East Is Outperforming The Indebted South West In Economic Mastery by christejames(m): 7:37pm On May 26
ariesbull:
South East is still the safest region in Nigeria...yoiuu guys should stop deceiving yourselves and build your region
Chai, this one no know me ooo 😂
Re: How The South East Is Outperforming The Indebted South West In Economic Mastery by TokoEkambi: 8:53pm On May 26
People confuse selling wosiwosi with having industries.
Re: How The South East Is Outperforming The Indebted South West In Economic Mastery by TokoEkambi: 8:58pm On May 26
US external debt is $39 trillion. Nigeria's external debt is $52 billion. So according to op's "logic", Nigeria's economy has become better than the US economy. Then why is he not praising Tinubu for a job well done? These guys are not supposed to be allowed to talk in public.
Re: How The South East Is Outperforming The Indebted South West In Economic Mastery by TokoEkambi: 8:59pm On May 26
Dreal1247:
I have listened to Late Prof Dora Akunyili on the role she played to bring Good luck to power when the powers that be never wanted to. I have also listened to Prof Humphrey Nwosu of blessed memory on the account of June 12. These are outstanding Igbo man and woman of unquestionable integrity. Sincerely, these are the same qualities that make Mr Peter Obi an outstanding figure in Nigerian politics. ONE WELL GUARDED AND PROTECTED SECRET TRUTH IS THE FACT THAT THE SO-CALLED IGBO COUP WAS DESIGNED TO MAKE THE BEST PRUDENT MANAGER, OBAFEMI AWOLOWO TO BECOME THE PRESIDENT. They painted an Igbo man black because they are not willing to play manipulative politics. It's evidently clear that a true Igbo man doesn't fit into the Nigerian politics as it places his integrity at stake.
You love fooooling yourselves, thinking you're foooooling others.
Re: How The South East Is Outperforming The Indebted South West In Economic Mastery by TokoEkambi: 9:01pm On May 26
Armaggedon:
it's only in southwest that
there exist the warped logic that borrowing is a sign of good fiscal performance. It's really unfortunate their politicians have a way messing up their minds and getting away with anything they want. It is a known fact only economies with terrible fiscal condition that engage in borrowing. If Lagos generate such fund, why does it need borrowing for recurrent expenditure? They'll point to USA, forgetting USA is the sole issuer of the most used currency.
Borrowing in Nigeria is corruption and that what it is.
So explain how the US borrows more than Nigeria. Or, you mean that makes Nigeria more successful then, right? One of the reasons children should never be allowed the use of the internet.
Re: How The South East Is Outperforming The Indebted South West In Economic Mastery by TokoEkambi: 9:06pm On May 26
lawani:
SW and SE have around the same debt per Capita if you consider the population. Don't just think on the surface. Think deep
Obidient. Reasoning. Choose one.
Re: How The South East Is Outperforming The Indebted South West In Economic Mastery by Streetinvestor2: 10:19pm On May 26
lawani:
Between schools and owners of shops in markets, which is a better representation of the demography of a community? Do you find professionals or artisans inside markets? Schools where all kids are sent is the best if not the only place to get the data you need and not a market but there will be some disruption because of the Hausa that don't have a high school enrollment rate. A market of 50,000 traders is serving like 23 million people in Lagos and majority of them don't base on trading. Nobody in my nuclear family has any shop in any market currently.. If you want the right data then you go to the schools, it will give you the same thing you will get if you conduct a census

However the majority of traders in the combination of all markets in Lagos state still remain the Yoruba.

After Yoruba in Lagos, I think Hausa is more in sheer numbers followed by Igbos but they will be close.

I have explained the methodology I used to arrive at my conclusion and I wonder why you say I am relying on AI.

If it was only Igbos that voted LP during the Presidential elections in Lagos, then the party would have gotten less than ten percent of the votes it got there. I wonder why you are bringing this up when the same voters that willingly voted LP for Presidency turned round to vote APC for the governorship.
Then the two million estimate I gave as population of Igbos in the west is not Lagos alone but the whole of the SW. I don't think it can exceed that.

If ethnic group was included in the census then what I am saying here would have been crystal clear to all Nigerians. Who stopped it from being included does not want the truth to be known. The truth is in plain sight. Before independence there was no Hausa city up to Ilesa in population apart from Kano, so where is the Hausa population in Nigeria that makes them higher than the Yoruba in population?. The Yoruba clearly have more cities and towns than the Hausa and those cities and towns are far bigger than their counterparts in Hausa land. So are the Hausa majority living in villages? I am willing to bet that the Yoruba have more villages than the Hausa and if not so, the difference would not be much. The Ijesa alone which is half of a senatorial district in Osun have more than 200 villages. Osun alone will have a minimum of 700 cities, towns and villages. So Nigeria's census is a total fraud and the number one casualty is the Yoruba nation. The truth is apparent in the revenue generation since it is people that spend money and revenue can not be faked consistently.

Don't base your conviction on a colonial census that put Igbos at a higher population than the Yoruba and Fulani at fifty percent of the Hausa. That is obviously a manipulated census.

In 1960 western Nigeria's budget was 55 million pounds, Eastern Nigeria's was 12 million pounds and Northern Nigeria's was 7;million pounds.
I don't have time to waste with you as I did with you concerning beta malt
I have lived in 4 states in SW in my younger age and travelled to the remaining
Tell me the core northern states you have lived or travelled to so far.That will make it easy to argue with names.I Co founded the first major fast food in ife way back which later failed. And the market has a better coverage because majority of the people thr are single who don't have children that you are using in school. Whr is the majority of Nigeria population brackets range. That age brackets are mostly singles not married So how then do use use pupils in school.
And first answer my question concerning the core northern states you have lived or travelled to as an adult. Then tell me why the past Nigerian government have refused to make provisions for tribe in all the census it conducted. I don't care about the ones conducted by the British because I was not counted then.What facts whr they avoiding to find out based on tribes.
When you finish the research I asked you to conduct on igbo families you know.It is simple research. Ask each of those families. What number of thr families live in SE and the numbers that live outside SE..Thr is a saying thr is hard any corner of nigeria you will go today and won't see an igbo man.
During the days nigeria roads whr safe and we travel in luxury buses. Do you know the numbers that load every day from Kano to onitsha. I hope you are upto 25yrs first with all this time being wasted by me
Re: How The South East Is Outperforming The Indebted South West In Economic Mastery by lawani(m): 4:36pm On May 27
Streetinvestor2:
I don't have time to waste with you as I did with you concerning beta malt
I have lived in 4 states in SW in my younger age and travelled to the remaining
Tell me the core northern states you have lived or travelled to so far.That will make it easy to argue with names.I Co founded the first major fast food in ife way back which later failed. And the market has a better coverage because majority of the people thr are single who don't have children that you are using in school. Whr is the majority of Nigeria population brackets range. That age brackets are mostly singles not married So how then do use use pupils in school.
And first answer my question concerning the core northern states you have lived or travelled to as an adult. Then tell me why the past Nigerian government have refused to make provisions for tribe in all the census it conducted. I don't care about the ones conducted by the British because I was not counted then.What facts whr they avoiding to find out based on tribes.
When you finish the research I asked you to conduct on igbo families you know.It is simple research. Ask each of those families. What number of thr families live in SE and the numbers that live outside SE..Thr is a saying thr is hard any corner of nigeria you will go today and won't see an igbo man.
During the days nigeria roads whr safe and we travel in luxury buses. Do you know the numbers that load every day from Kano to onitsha. I hope you are upto 25yrs first with all this time being wasted by me
I have been to the North and I don't have to go to the North before I can use my God given intelligence to solve a problem. This problem I solved is PhD level and I can get awarded a PhD for it. Most PhDs did not solve as big a problem

Then what you are saying only makes sense if people always relocate to their states of origin wben they want to marry and start having kids that will have to go to school if not then the demography of the schools in any community will reflect the demography of the community. I hope you understand. A minor disruptor will be small communities that have a tertiary institution but tertiary institutions are evenly spread so the disruption will not be significant.


Summary

Again if no school in any community in Northern Nigeria has up to five percent southerners, it is a clear proof that southerners in the North are not up to five percent of the population. As I am sure non Yoruba are not up to three percent of Osun residents despite Osun being very urbanized, I will be very surprised if Northern Nigeria outside Abuja have up to two percent southerners living there given it's low level of urbanization compared to Osun state. That is my submission which qualifies as a short PhD dissertation.
Re: How The South East Is Outperforming The Indebted South West In Economic Mastery by gr8ofnnetwork(m): 4:52pm On May 27
All thanks to President Bola Ahmed Tinubu GCFR
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