₦airaland Forum

ODVanguard:
@: Please remove Smile communications Ltd from that list of Anambra indigenes owned companies. That is a South African coy and not an indigenous one. Irene Charnley founded the company and is the CEO. Dr. Ernest Azudiala Obiejesi is just a shareholder in the company. I still wonder why the company chose to launch their West African operations at Ibadan before moving to Lagos. Since it's entry into the West African market, their services are only so far available in Lagos, Ibadan, PH, Abuja and Benin. . I wonder why they are yet to deploy in the SE Shey una no dey use internet for that end


http://www.smilecoms.com/operating-countries/#page

http://www.smilecoms.com/about-us/

Don't mind those village children.
Smile internet service is an alien terms to them
the same people that claims Ibadan is a slum.
they don't understand that ib city had gone past any thing their towns got to offer, the city is now competing with the likes of Lagos, pH & kano. they won't like the good news.

WIZGUY69:
Don't mind those village children.
Smile internet service is an alien terms to them
the same people that claims Ibadan is a slum.
they don't understand that ib city had gone past any thing their towns got to offer, the city is now competing with the likes of Lagos, pH & kano. they won't like the good news.

Spot on! Even an Igbo banker, Obinnia Abajue, corroborates your submission. He further cites an AfDB report that includes the city on the list of the top 10 fastest growing cities in Africa. The guy works with Stanbic IBTC.

http://www.africastrictlybusiness.com/lists/top-20-fastest-growing-african-cities

http://www.howwemadeitinafrica.com/moving-outside-of-lagos-five-nigerian-cities-with-business-potential/

For many, a good place to enter the market is Lagos, the country’s commercial hub. Obinnia Abajue, executive director of personal and business banking at Stanbic IBTC, said it makes sense for foreign companies to operate in Lagos with its sizeable population of close to 20m and more developed infrastructure for business. However, the market is more competitive than other cities in the country.

“It’s the most competitive part of the country for business because you have got many people making the same decisions to locate in Lagos,” he told How we made it in Africa.

He highlighted that there are a number of other cities which investors should place on their radar, especially in terms of targeting rising consumer demand.

1. Abuja

Abuja is the capital city of Nigeria. While it has a much smaller population than Lagos, Abajue noted that it is a good place to enter the Nigerian market because it holds the highest per capita income in the country.

“It’s a small town [in terms of] population but with very wealthy people.”

2. Kano

Kano, the capital of Kano State in northern Nigeria, is the second largest city in terms of population, after Lagos.

According to Abajue, there is potential for cash and carry wholesale businesses.

This year, South African retailer Shoprite opened its first outlet in Kano, and Massmart is expected to do the same in the coming weeks. Despite the potential security risk posed by Islamic militants in the region, Mark Turner, Massmart’s Africa director, said at the Reuters Africa Summit in April: “I always want to be bold enough to say, you can’t be in Nigeria without being in Kano.”

Furthermore, a new African Development Bank (AfDB) report, titled Tracking Africa’s Progress in Figures, reveals Kano to be one of Africa’s fastest growing cities.

3. Port Harcourt

Abajue said that Port Harcourt, the capital of Rivers State, is the “centre of attention in the south of the country” due to the presence of oil companies and foreign investment in the area. He added that the city is also seeing a rise in per capita income.

Port Harcourt has access to two of the country’s busier ports and is home to the Port Harcourt Airport.

4. Aba

Aba is situated in the southeast and is also surrounded by oil wells. Abajue noted that the city acts as the trading centre of Nigeria.

“And again, there you will see strong purchasing power because a lot of trade is coming out of that place. [Aba] is the connecting spot for the hub of trade activities for the southeastern part of the country.”

5. Ibadan

“The last [city] that I would like to add is Ibadan in the southwest axis,” continued Abajue.

He noted that it is densely populated and has significant infrastructure. The capital of Oyo State has the third largest population in Nigeria, and, according to the AfDB report, is in the top 10 fastest growing cities in Africa.

I smell world war 2.

ODVanguard:
Spot on! Even an Igbo banker, Obinnia Abajue, corroborates your submission. He further cites an AfDB report that includes the city on the list of the top 10 fastest growing cities in Africa. The guy works with Stanbic IBTC.

http://www.africastrictlybusiness.com/lists/top-20-fastest-growing-african-cities

http://www.howwemadeitinafrica.com/moving-outside-of-lagos-five-nigerian-cities-with-business-potential/

For many, a good place to enter the market is Lagos, the country’s commercial hub. Obinnia Abajue, executive director of personal and business banking at Stanbic IBTC, said it makes sense for foreign companies to operate in Lagos with its sizeable population of close to 20m and more developed infrastructure for business. However, the market is more competitive than other cities in the country.

“It’s the most competitive part of the country for business because you have got many people making the same decisions to locate in Lagos,” he told How we made it in Africa.

He highlighted that there are a number of other cities which investors should place on their radar, especially in terms of targeting rising consumer demand.

God bless you!
My ipob friends will never like this kind of news, they Will rather called the igbo man an impostor
In other words. this are cities that matters in Nigeria after Lagos, but they will refute the fact and replace them with nnewi eziama or orlu those 2km villages with population of maybe 150 persons and 30 kiosks.

forgiveness:
I smell world war 2.

Egbon! I see your handiwork
we deal with fact not emotions

WIZGUY69:
Egbon! I see your handiwork

we deal with fact not emotions

Na so!

ODVanguard:
@: Please remove Smile communications Ltd from that list of Anambra indigenes owned companies. That is a South African coy and not an indigenous one. Irene Charnley founded the company and is the CEO. Dr. Ernest Azudiala Obiejesi is just a shareholder in the company. I still wonder why the company chose to launch their West African operations at Ibadan before moving to Lagos. Since it's entry into the West African market, their services are only so far available in Lagos, I bad an, PH, Abuja and Benin. . I wonder why they are yet to deploy in the SE Shey una no dey use internet for that end


http://www.smilecoms.com/operating-countries/#page

http://www.smilecoms.com/about-us/

That's were you can find highest young fraud stars in Nigeria, city of lazy dudes
[b]Seven states that control 90% of Cash transactions in the country
CBN Deputy Governor, Operations, Mr. Tunde Lemo

The Central Bank of Nigeria (CBN) has said Lagos and the six other states control about 90 per cent of cash transactions in the country.
The other States are Rivers, Anambra, Abia, Kano, Ogun and the Federal Capital Territory (FCT).
The CBN Deputy Governor, Operations, Mr. Tunde Lemo, disclosed this.
According to Lemo, this was one of the factors that necessitated the planned extension of the cashless policy to those States from July 1, this year.


He, however, pointed out that there were still some challenges with the cashless project, saying that most of them are being resolved. Lemo identified interconnectivity as one of the challenges.
Lemo said that besides the use of alternative channels of transactions such as Point of Sales (PoS), the cashless project would be driven through the telephone.


Lemo also said the cashless policy had been successful in Lagos, adding that the number of point of sale (PoS) terminals in the state has increased significantly from about 5,000 when the policy took off last year, to over 150,000.
“We still have a few challenges, but if I look back, I really would say that we have done a lot to transform the payment system in Lagos through PoS,” he said.

The cashless policy, whose implementation began in Lagos in January, last year, is aimed at reducing the dominance of cash in the system. The policy specifies penal charges for individuals and corporate organisations that want to withdraw or lodge cash above prescribed limits.
Under the policy, the CBN pegged the daily cumulative cash withdrawal or deposit limit for individual accounts at N500,000 per day and N3 million per day for corporate accounts.


The Chief Executive Officer, Electronic Payment Providers Association of Nigeria (E-PPAN), Mrs. Onajite Regha, had said the coming on board on the next phase of the cashless policy in July may raise the value of electronic funds transfer in the country to N160 billion per day by the end of the year. The E-PPAN boss had also said that the current value of electronic fund transfers – put at N80 billion per day by the CBN, would likely double because more people would be compelled to use e-Fund transfer channels.[/b]

http://www.thisdaylive.com/articles/seven-states-control-90-of-cash-transactions/148644/

[quote author= post=42899160]T[b]hat were you can find highest young fraud stars in Nigeria, city of lazinenesslazineness

Seven states that control 90% of Cash transactions in the country
CBN Deputy Governor, Operations, Mr. Tunde Lemo

The Central Bank of Nigeria (CBN) has said Lagos and the six other states control about 90 per cent of cash transactions in the country.
The other States are Rivers, Anambra, Abia, Kano, Ogun and the Federal Capital Territory (FCT).
The CBN Deputy Governor, Operations, Mr. Tunde Lemo, disclosed this.
According to Lemo, this was one of the factors that necessitated the planned extension of the cashless policy to those States from July 1, this year.


He, however, pointed out that there were still some challenges with the cashless project, saying that most of them are being resolved. Lemo identified interconnectivity as one of the challenges.
Lemo said that besides the use of alternative channels of transactions such as Point of Sales (PoS), the cashless project would be driven through the telephone.


Lemo also said the cashless policy had been successful in Lagos, adding that the number of point of sale (PoS) terminals in the state has increased significantly from about 5,000 when the policy took off last year, to over 150,000.
“We still have a few challenges, but if I look back, I really would say that we have done a lot to transform the payment system in Lagos through PoS,” he said.

The cashless policy, whose implementation began in Lagos in January, last year, is aimed at reducing the dominance of cash in the system. The policy specifies penal charges for individuals and corporate organisations that want to withdraw or lodge cash above prescribed limits.
Under the policy, the CBN pegged the daily cumulative cash withdrawal or deposit limit for individual accounts at N500,000 per day and N3 million per day for corporate accounts.


The Chief Executive Officer, Electronic Payment Providers Association of Nigeria (E-PPAN), Mrs. Onajite Regha, had said the coming on board on the next phase of the cashless policy in July may raise the value of electronic funds transfer in the country to N160 billion per day by the end of the year. The E-PPAN boss had also said that the current value of electronic fund transfers – put at N80 billion per day by the CBN, would likely double because more people would be compelled to use e-Fund transfer channels.[/b]
http://www.thisdaylive.com/articles/seven-states-control-90-of-cash-transactions/148644/[/quote]Hahahaha. I was expecting this. Look here Mr. Village champion. When REAL bonafide cities are being mentioned, please remove Onitsha and in fact its host state Anambra coz Onitsha is a MARKET. Plain and simple. Even Aba sef qualifies more as a city than Onitsha. If you're talking about big markets in Africa then you can mention Onitsha . But beyond that, the place has little to nothing to offer. Ask Smile Communications . Where else would voluminous cash transactions be handled if not at places with commerical trading centers? Nairobi is one of the most modern and growing cities in Africa, ditto the likes of Dar es salam and Johannesburg, but this isn't on account of the volume of cash transactions being handled there. It's coz they are WELL-ROUNDED CITIES~ We are talking about robust and well-rounded cities here, not a 5-10km stretch of market pretending to be a city. Seriously dude, you're a trip.

[quote iauthor=ODVanguard post=42899439]Hahahaha. I was expecting this. Look here Mr. Village champion. When REAL bonafide cities are being mentioned, please remove Onitsha and in fact its host state Anambra coz Onitsha is a MARKET. Plain and simple. Even Aba sef qualifies more as a city than Onitsha. If you're talking about big markets in Africa then you can mention Onitsha . But beyond that, the place has little to nothing to offer. Ask Smile Telecoms . Where else would have voluminous cash transactions be handled if not at places with commerical trading centers? Nairobi is one of the most modern and growing cities in Africa, ditto the likes of Dar es salam and Johannesburg, but this isn't on account of the volume of cash transactions being handled there. It's coz they are WELL-ROUNDED CITIES~ We are talking about robust and well-rounded cities here, not a 5-10km of market pretending to be a city. Seriously dude, you're a trip. [/quote]
Ibadan slum city, I hope you know your state is indebted to Anambra?

According to CBN states that control 90% of cash transactions in the country are:

Lagos
Rivers
Anambra
Abia
Kano
Ogun
FCT

[quote author= post=42899603]
Ibadan slum city, I hope you know your state is indebted to Anambra?[/quote]Guy, no be me talk say Ibadan get better prospects pass any 'city' for Anambra, na AfDB and Obinnia Abajue talk am. Even Obi Jackson sef confirm am ('Smile' for me).

ODVanguard:
Guy, no be me talk say Ibadan better prospects pass any 'city' for Anambra, na AfDB and Obinnia Abajue talk am. Even Obi Jackson sef confirm am ('Smile' for me).

According to CBN states that control 90% of cash transactions in the country are:
Lagos
Rivers
Anambra
Abia
Kano
Ogun
FCT
Waiting concern me with marketing manager? I go for reputable agencies, in this case CBN has ruled over ......

Both Ogun and Lagos are two sides of the same coin and, we love it like that.

When Ogun gave thousands of acres of land to Lagos, people grumbled, forgetting we are in it together with more of each taking turn to take one for the team.

[quote author= post=42899844]According to CBN states that control 90% of cash transactions in the country are:
Lagos
Rivers
Anambra
Abia
Kano
Ogun
FCT
Waiting concern me with marketing manager? I go for reputable agencies, in this case CBN has ruled over ......[/quote]Guy, I understand that the world starts and stops in Anambra according to your overbloated ego. If it makes you sleep better at night, nigga knock yourself the fvck out .

This Anambra kid is just another troll.Y'all should stop wasting your time going back and forth with him.

He's been whipped severally here.I don't know why he keeps coming back

Its simple

"Ogun state is the most industrialized state in Nigeria"

What else?

If he really wants to wave his d!ck,Why not look for people with the same d!ck size like Ebonyi,Jigawa and the rest

ODVanguard:
Guy, I understand that the world starts and stops in Anambra according to your overbloated ego. If it makes you sleep better at night, nigga knock yourself the fvck out .

According to CBN states that control 90% of cash transactions in the country are:
Lagos
Rivers
Anambra
Abia
Kano
Ogun
FCT
Waiting concern me with marketing manager? I go for reputable agencies, in this case CBN has ruled over
Your slum city didn't make the list

[quote author= post=42900167]

According to CBN states that control 90% of cash transactions in the country are:
Lagos
Rivers
Anambra
Abia
Kano
Ogun
FCT
Waiting concern me with marketing manager? I go for reputable agencies, in this case CBN has ruled over
Your slum doesn't make the list [/quote]

You people are still rambling on this Thread.....
All I know is that Lagos and Ogun are both South Western Nigerian states .... And i am happy for them both.

The most satisfying part of the whole article for me is the Huge chunk of Nigerian industrialization which is now based in Ogun State.

ODVanguard:
Hahahaha. I was expecting this. Look here Mr. Village champion. When REAL bonafide cities are being mentioned, please remove Onitsha and in fact its host state Anambra coz Onitsha is a MARKET. Plain and simple. Even Aba sef qualifies more as a city than Onitsha. If you're talking about big markets in Africa then you can mention Onitsha . But beyond that, the place has little to nothing to offer. Ask Smile Communications . Where else would voluminous cash transactions be handled if not at places with commerical trading centers? Nairobi is one of the most modern and growing cities in Africa, ditto the likes of Dar es salam and Johannesburg, but this isn't on account of the volume of cash transactions being handled there. It's coz they are WELL-ROUNDED CITIES~ We are talking about robust and well-rounded cities here, not a 5-10km stretch of market pretending to be a city. Seriously dude, you're a trip.

Onitsha is not A market. Onitsha is THE MARKET where the US Army buys drones and Patriot missiles

aribisala0:
Onitsha is not A market. Onitsha is THE MARKET where the US Army buys drones and Patriot missiles

Buhahahaha. Lwkmd. You are wicked.

aribisala0:
Onitsha is not A market. Onitsha is THE MARKET where the US Army buys drones and Patriot missiles

We are VERY PROUD of Onitsha market Oh yes! biggest market in west Africa, another big markets will be commission soon @ Oba with three malls in our major cities, Dubia is what it is because of her vast markets, that's what we are replicating here, Anambra state has great potentials in markets, Industries, Agriculture, Oil and Gas, host world heritage sites etc, that is why the turmoils in nation economy is not pinching the state, they are among they four states that pays salaries promptly and still doing capital projects, your rants end online, I know your state is expecting second bell out from FG.

CBN: Seven states control 90% of cash transactions
The Central Bank of Nigeria (CBN) has said that Lagos and the six other states control about 90 per cent of cash transactions in the country. The other states are Rivers, Anambra, Abia, Kano, Ogun and the Federal Capital Territory (FCT). The CBN Deputy Governor, Operations, Tunde Lemo
http://businessdayonline.com/2013/05/cbn-seven-states-control-90-of-cash-transactions/

Pics Onitsha main market

[quote author= post=42906289]We are VERY PROUD of Onitsha market Oh yes! biggest market in west Africa, another big markets will be commission soon @ Oba with three malls in our major cities, Dubia is what it is because of her vast markets, that's what we are replicating here, Anambra state has great potentials markets, Industries, Agriculture, Oil and God, host world heritage sites etc, that is why the turmoils in nation economy is not pinching the states, they are among they four states that pays salaries promptly and still doing capital projects, your rants end online, I know your state is expecting second bell out from FG.

CBN: Seven states control 90% of cash transactions
The Central Bank of Nigeria (CBN) has said that Lagos and the six other states control about 90 per cent of cash transactions in the country. The other states are Rivers, Anambra, Abia, Kano, Ogun and the Federal Capital Territory (FCT). The CBN Deputy Governor, Operations, Tunde Lemo
http://businessdayonline.com/2013/05/cbn-seven-states-control-90-of-cash-transactions/

Pics Onitsha main market [/quote]You are very modest!! Onitsha Market is the biggest in the Milky Way there is so much cash there the World Bank will soon open a branch

aribisala0:
You are very modest!! Onitsha Market is the biggest in the Milky Way there is so much cash there the World Bank will soon open a branch

.

aribisala0:
You are very modest!! Onitsha Market is the biggest in the Milky Way there is so much cash there the World Bank will soon open a branch

What ever that rock your boat!
I hope you know your state is indebted to us

Another big market opening soon @ Oba
Oba has 9 villages so many sites of attraction which include The Rojenny Games Village, Tansian University, Ogba Spring. Oba Airport (under construction), So many hotels and banks. Due to its strategic location, being sandwiched between the commercial city of Onitsha and the industrial city of Nnewi both cities are less than 5 minutes drive from Oba. An international market (Anambra International Trade Centre) is currently under construction in Oba, the market when completed would consist of 25,000 lock-up stores with modern amenities like fire service, schools, police posts, 24/7 power supply amongst others and will also pride itself as the largest market in West Africa. Oba has turned into a modern urban town with a population of over 300,000 inhabitants. Oba is part of the Greater Onitsha City as designated by the United Nations.
https://en.m.wikipedia.org/wiki/Oba,_Anambra

[quote author= post=42906414]What ever that rock your boat!
I hope you know your state is indebted to us [/quote]Which stvpid debt are you shouting? Abeg which state no owe debt? Anambra state sef get debt profile just like others so quit sounding like a broken record already! No be Peter Obi dey accuse your governor of squandering N75billion he left him and is already borrowing money?

http://www.odogwublog.com/2015/11/anambra-house-approves-10-billion-naira.html - Assemby approves 10 Billion Naira loan for Obiano

America has more debt than any other country in the world yet it is still the 'Big Kahuna'. Uk get debt, Japan get debt so abeg make we hear word. Ibadan/Oyo till today still supplies the entire SE their day-old-chicks which grow to become her poultry meat and lay eggs, so says Obiano the great:

http://www.yohaig.ng/newspapers/the-punch/anambra-firm-sign-mou-on-n13bn-poultry/

“At the moment, all the day-old chicks sold in the South-East are brought in from Oyo State."

On top of that, no less than 60% of all the fish sold in Onitsha are sourced from Ibadan

https://www.facebook.com/permalink.php?story_fbid=1397911306901737&id=312716338754578

Professor Omaliko disclosed that at least 60 per cent of the fish sold in Onitsha markets come from Ibadan.

Your hype can only fool gullible fellow South Easterners and not the rest of us abeg.

[quote author= post=42906414]What ever that rock your boat!
I hope you know your state is indebted to us [/quote]I no get boat
Who are "US" and which state is my state

OkutaNla:
Which stvpid debt are you shouting? Abeg which state no owe debt? Anambra state sef get debt profile just like others so quit sounding like a broken record already! No be Peter Obi dey accuse your governor of squandering N75billion he left him and is already borrowing money?

http://www.odogwublog.com/2015/11/anambra-house-approves-10-billion-naira.html - Assemby approves 10 Billion Naira loan for Obiano

America has more debt than any other country in the world yet it is still the 'Big Kahuna'. Uk get debt, Japan get debt so abeg make we hear word. Ibadan/Oyo till today still supplies the entire SE their day-old-chicks which grow to become her poultry meat and lay eggs, so says Obiano the great:

http://www.yohaig.ng/newspapers/the-punch/anambra-firm-sign-mou-on-n13bn-poultry/



On top of that, no less than 60% of all the fish sold in Onitsha are sourced from Ibadan

https://www.facebook.com/permalink.php?story_fbid=1397911306901737&id=312716338754578



Your hype can only fool gullible fellow South Easterners and not the rest of us abeg. cc aribisala0

Emerging your sources
Ulli Beier: There was a short time in Nigerian history — between Independence and the first military coup — in which we lived through a period of great optimism. Financially the people of Nigeria were relatively well off, and they assumed that with independence, things were going to improve steadily. In the West, people believed in the benefits of universal free primary education. They were proud of being the “First in Africa” to have set up a television station. The University of Ibadan was functioning and had a good reputation. Night life was boisterous; people could afford to go out, drink beer and listen to really good bands. Even in Osogbo, which then had 120,000 inhabitants, one could hear three or four bands at weekends. The Yoruba Travelling Theatre was booming. A decade after independence, Biodun Jeyifo counted about a hundred Yoruba theatre companies —all managing to survive somehow off their performances. People actually preferred the theatre to the movies. But then, those were the days of Ogunde, Ogunmola, Duro Ladipo and the Orisun players. Where in the world could you find a comparable constellation?
Wole Soyinka: There was ferment!

Ulli Beier: There was no official planning; little government interference. It was a natural growth. If you now think back to this period, how do you view it with hindsight? Why does it appear to us now as a “golden age” rather than a mere beginning? (From Ulli Beier in conversation.)
Hmmm. Really. Why would a period that was supposed to be our beginning appear to us as actually the golden age? If the take-off of an aeroplane is the only memorable moment of the flight, then that journey is not just a farce, it is a tragedy. When a people have nowhere else to turn to with pride but the past, then they do not need to be reminded that generations after that “golden era” have all failed. And I am not talking about Nigeria now. I am talking about the old Western Nigeria from Ikeja through Benin to Sapele. Nothing can be more devastating for a pupil whose reputation of being the constant first in class is shredded by a distant competitor.

Ex-governor Peter Obi of Anambra State got me thinking. Two weeks ago, he was giving an account of his eight years stewardship and he announced some figures: N75 billion as credit balance in the state’s accounts and no debt over-hang. That figure, he said, included balance in savings and in investment. Then the big one: Anambra State under him invested in bonds issued by other state governments. Since he made that statement, I have not heard anyone say he lied. It was a combination of these that actually got me thinking —Anambra State that was not paying salaries post 1999, pre-2003; Anambra State of war and lawlessness in Chris Ngige era; the same Anambra that was home of violence and inexplicable crimes. Obi said the state he was leaving behind was not owing anybody a dime; rather, the state invested in bonds issued by other states! Then, I remembered that out of the six states in the South-West, only one has not gone to the Capital Market to take money through bond issuance. What has that told me? It means that my South-West is indebted to South East’s Anambra State — and that is serious. I know some partisan fellows will say ‘and so what?’ They can say so because for such fellows, the only reference they make to the past is using it to cover up the eczema of today[b]. None of the founding fathers of Western Nigeria would ever imagine that a day would come when Yorubaland would owe Iboland.[/b]

Some international financial experts have warned that the current craze for bonds by African countries, including PDP’s Nigeria, will soon lead to what they call “Eurobond curse” just as the continent is wracked by “resource curse.” Some queer commentators would say the warning was directed at national governments. At the state level, the alarm bell should really sound louder. A recent report quoted Joseph Stightz, a Nobel prize-winning economist, as warning that “the financial sector loves to find people to prey on and their most recent prey are governments in developing countries.” The same is happening at the domestic level. Cash-strapped state governments should know that there are no friendly financial institutions. They are in business to make money and it does not matter how.

I do not know what economics is behind the current craze for bonds. Some are even saying bonds are no loans. What are they? Gifts? Won’t they pay back? And at what interest rate? They would even pay costs of the transaction — they call it ‘issue costs?’ Are there consultants packaging these bonds? If there are, who are they? What are their fees?

Yoruba land currently suffers unprecedented, unfortunate and insulting, venal shut-out in the affairs of the PDP Federal Government. The alternative regimes in the states ought to give reasons for hope, not debt over-hang. Nothing should be done by anyone to bond the race to a future of criminal servitude. Governments have to provide amenities, yes. But have we forgotten what our ancestors said about he that eats benefits derivable from a child even before that child is born? Exactly what Niyi Osundare described as “eating tomorrow’s yam today ”!
http://www.tribune.com.ng/columns/inside/monday-lines/item/1849-the-crisis-of-yoruba-s-future/1849-the-crisis-of-yoruba-s-future

[quote author= post=42907088]Emerging your sources
Ulli Beier: There was a short time in Nigerian history — between Independence and the first military coup — in which we lived through a period of great optimism. Financially the people of Nigeria were relatively well off, and they assumed that with independence, things were going to improve steadily. In the West, people believed in the benefits of universal free primary education. They were proud of being the “First in Africa” to have set up a television station. The University of Ibadan was functioning and had a good reputation. Night life was boisterous; people could afford to go out, drink beer and listen to really good bands. Even in Osogbo, which then had 120,000 inhabitants, one could hear three or four bands at weekends. The Yoruba Travelling Theatre was booming. A decade after independence, Biodun Jeyifo counted about a hundred Yoruba theatre companies —all managing to survive somehow off their performances. People actually preferred the theatre to the movies. But then, those were the days of Ogunde, Ogunmola, Duro Ladipo and the Orisun players. Where in the world could you find a comparable constellation?
Wole Soyinka: There was ferment!

Ulli Beier: There was no official planning; little government interference. It was a natural growth. If you now think back to this period, how do you view it with hindsight? Why does it appear to us now as a “golden age” rather than a mere beginning? (From Ulli Beier in conversation.)
Hmmm. Really. Why would a period that was supposed to be our beginning appear to us as actually the golden age? If the take-off of an aeroplane is the only memorable moment of the flight, then that journey is not just a farce, it is a tragedy. When a people have nowhere else to turn to with pride but the past, then they do not need to be reminded that generations after that “golden era” have all failed. And I am not talking about Nigeria now. I am talking about the old Western Nigeria from Ikeja through Benin to Sapele. Nothing can be more devastating for a pupil whose reputation of being the constant first in class is shredded by a distant competitor.

Ex-governor Peter Obi of Anambra State got me thinking. Two weeks ago, he was giving an account of his eight years stewardship and he announced some figures: N75 billion as credit balance in the state’s accounts and no debt over-hang. That figure, he said, included balance in savings and in investment. Then the big one: Anambra State under him invested in bonds issued by other state governments. Since he made that statement, I have not heard anyone say he lied. It was a combination of these that actually got me thinking —Anambra State that was not paying salaries post 1999, pre-2003; Anambra State of war and lawlessness in Chris Ngige era; the same Anambra that was home of violence and inexplicable crimes. Obi said the state he was leaving behind was not owing anybody a dime; rather, the state invested in bonds issued by other states! Then, I remembered that out of the six states in the South-West, only one has not gone to the Capital Market to take money through bond issuance. What has that told me? It means that my South-West is indebted to South East’s Anambra State — and that is serious. I know some partisan fellows will say ‘and so what?’ They can say so because for such fellows, the only reference they make to the past is using it to cover up the eczema of today[b]. None of the founding fathers of Western Nigeria would ever imagine that a day would come when Yorubaland would owe Iboland.[/b]

Some international financial experts have warned that the current craze for bonds by African countries, including PDP’s Nigeria, will soon lead to what they call “Eurobond curse” just as the continent is wracked by “resource curse.” Some queer commentators would say the warning was directed at national governments. At the state level, the alarm bell should really sound louder. A recent report quoted Joseph Stightz, a Nobel prize-winning economist, as warning that “the financial sector loves to find people to prey on and their most recent prey are governments in developing countries.” The same is happening at the domestic level. Cash-strapped state governments should know that there are no friendly financial institutions. They are in business to make money and it does not matter how.

I do not know what economics is behind the current craze for bonds. Some are even saying bonds are no loans. What are they? Gifts? Won’t they pay back? And at what interest rate? They would even pay costs of the transaction — they call it ‘issue costs?’ Are there consultants packaging these bonds? If there are, who are they? What are their fees?

Yoruba land currently suffers unprecedented, unfortunate and insulting, venal shut-out in the affairs of the PDP Federal Government. The alternative regimes in the states ought to give reasons for hope, not debt over-hang. Nothing should be done by anyone to bond the race to a future of criminal servitude. Governments have to provide amenities, yes. But have we forgotten what our ancestors said about he that eats benefits derivable from a child even before that child is born? Exactly what Niyi Osundare described as “eating tomorrow’s yam today ”!
http://www.tribune.com.ng/columns/inside/monday-lines/item/1849-the-crisis-of-yoruba-s-future/1849-the-crisis-of-yoruba-s-future[/quote]WTF is all this? ? Did the Anambra state Assemby recently approve a 10billion naira loan to Obiano or not? ? Google your state's debt profile if you don't know about it and quit acting a fool. You're pathetic bro. You can't even refute any of the assertions I made up there and instead you're copying and pasting unrelated shyt. FACT: Oyo state TKO's Anambra in every ramification. Be it contribution in revenues to the national commonwealth, GDP, you name it. Debt no stop Oyo from supplying Anambra Poultry and Fish.

OkutaNla:
WTF is all this? ? Did the Anambra state Assemby recently approve a 10billion naira loan to Obiano or not? ? Google your state's debt profile if you don't know about it and quit acting a fool. You're pathetic bro. You can't even refute any of the assertions I made up there and instead you're copying and pasting unrelated shyt. FACT: Oyo state TKO's Anambra in every ramification. Be it contribution in revenues to the national commonwealth, GDP, you name it. Debt no stop Oyo from supplying Anambra Poultry and Fish.

Mind you bell out funds to your states are not included oh ;DD

Your aspersion, ok add 10b to 11b what did you get? Compare that to your verious states

[quote author= post=42907853]Mind you bell out funds to your states are not included oh ;DD

Your aspersion, ok add 10b to 11b what did you get? Compare that to your verious states[/quote]Guy man, abeg go to Church and seek forgiveness for being clueless, today na Sunday. There's more to life than hyping Anambra. Real talk bro.

[quote author= post=42907853]Mind you bell out funds to your states are not included oh ;DD

Your aspersion, ok add 10b to 11b what did you get? Compare that to your verious states[/quote]Guy man, abeg go to Church and seek forgiveness for being clueless, today na Sunday. There's more to life than hyping Anambra. Truth.

OkutaNla:
Guy man, abeg go to Church and seek forgiveness for being clueless, today na Sunday. There's more to life than hyping Anambra. Real talk bro.

;DD
10:00 am is my service, I'm inviting you