₦airaland Forum

porka:
You included Adeola in your original post.

When you correct your error you don't have to lie about it.

galeiiTNA:
I didnt

pchukwudi:
I don't know where you get your facts from, but one thing is clear: You have zero clue what recession is. So quit the misinformation. You should go an learn.

00laleyedavid:
Russian and Saudi are both in deep economic crisis. That's why all OPEC countries ran to Vienna to meet on cutting supply

porka:
You know what?

You lack integrity.

RockHard:
Yinmu. If it makes you sleep better at night you are free to believe that even Capetown SA is a no man's land for all i care, but any sane person knows who owns and controls what.


While you're at it, please list those Igbo-owned Industries in Lagos and the SW you keep bragging about that can come close to Yorubas' in the region.

I guess to your sick mind the following SW based industries are Igbo-owned: Honeywell Flour Mills, GZI Industries, ProForce, Elizade, Bi-Courtney, Eleganza Group, Folawiyo Group, Petro Inett, Modandola Group, Manucom Fishing, Aiico Insurance, the Yoruba-owned banks, Insurance Companies, e.t.c. Even SME's (interestingly, after Lagos state, Oyo has the highest number of SME's in the country, higher than any SE state) we are comfortably in the lead. You know what SME's stand for right? And how many individuals you must employ to qualify as one?) all located in Yorubaland. I am waiting for those Igbo Big Businesses in Lagos and the SW (not 'pure water' ones o) that are more than Yoruba owned ones, and that give you all the ballz to brag.

http://nigerianstat.gov.ng/pdfuploads/SMEDAN%202013_Selected%20Tables.pdf


Also kindly List the number of Insurance companies players that are Igbo-owned dominating Yorubaland or Nigeria in general.

How many Igbo-owned investments comes close to LADOL in Lagos?

List the Banks that Igbos dominate that are more than the Yoruba-dominated/controlled Skye Bank, First Bank, Sterling Bank, GTBank, FCMB, e.t.c.

List the Telecoms Company that are Igbo-owned/dominated like Yoruba-owned/controlled Globacom and NTel

List the I.T businesses that are Igbo dominated that can stand the likes of Spectranet, CCHub, MainOne

Which Igbo-owned businesses can match the dominance of Yoruba-controlled Oando, ConOil, and Forte Oil?

Chicken Republic, TFC, Tantalizers, Sweet Sensation, Mega Chicken are owned and controlled by Yorubas.

The only Transport segment Igbos dominate is that of buses that convey their kinsmen between YOrubaland and the SE. Yorubas control the SW internal routes, e.g. When I take a bus from Lagos to Abeokuta or Ibadan, 9 out of 10 times the owner of the Bus is a Yorubaman and not an Igboman, so get your facts straight.

In a nutshell, Yorubas already dominate the Big Businesses and industries that count, e.g Finance, Oil & Gas, I.T, Telecoms, Insurance, Manufacturing & Industry, e.t.c. It would be unfair of us to dominate everything so we've left them the crumbs like dominating the Super-Eagles, Gala Hawking , spare-parts bizness, Selling DVD/VCD at Alaba, Entertainment (though Yorubas dominate the Music scene, while we comfortably have our indigeneous Film industry on lockdown as well ), transporting your kinsmen to-and-from the SE to Yorubaland, e.t.c. Your people can keep dominating those. But even Commerce/trading sef una don dey dump that one sef for drug-trafficking.

http://www.vanguardngr.com/2015/06/rivers-state-others-have-overtaken-s-east-in-commerce-industry/

Smh.

9jasite:
RECESSION: ARE SOUTH WEST TECHNOCRATS FLAWED?

The ongoing recession currently being experienced by Nigerians has been consistently blamed on Buhari’s action and inactions. However a review of on the cabinet members would be a reveal an overlooked fact: That the members of Buhari’s economic team have an overwhelming number of southwest technocrats!

You may ask of the relationship between the place of origin and the performance of an individual? It does matter a indeed matter a lot. You see an individual’s place of origin dictates his education and orientation.

The first south west technocrat to be linked to a National recession is Olu Falae [Mr. SAP]. He became popularly known as Mr. SAP due to his vehement argument for the Structural Adjustment Programme. Despite how unpopular the programme was, he went against all odds to choke down the unpopular pill down Nigeria’s throat. Olu Falae was the Finance minister at the time of Ibrahim Badamosi Babangida [1980’s] and as usual Recession was in the name.

The current crop of southwest technocrat led by Mrs. Kemi Adeosun, Yemi Osinbajo and Babatunde Fashola are presently the main arrow heads of the Buhari’s economic team. The trio are yet to show any clue on the job to the Nigerian economic stakeholders. The lack of economic blueprint is bewildering to many as it is now perceived that they may be learning on the job.

The inability of the trio to carry out any concrete steps or make headway is rather painful. More appalling is a comparison between the economic plight of Nigerians under southwest technocrat and South Eastern technocrats. The period of Okonjo Iweala and other Southern Eastern technocrats were a period of boom, both under Obasanjo and Jonathan.



Are South west Technocrats flawed?

The answer is NO.

REASON?

The inability of south west technocrats to successfully manage the Nigerian economy is not due to any flaw on their part, but a flaw in the Nigerian economy. You see the Nigerian Economy is a capitalist economy and the Awolowo educational system was socialist oriented. Hence the mantra or orientation of a typical south west born economist is tilted toward socialism.

Take a cogent look at the APC manifesto:

Free feeding
Government Jobs
Payment of 5,000 to Graduates
Government giving and giving and giving.
There is little or nothing left for the private sector or policy planning.

Take a quick perusal at the Southwest individual state economies:

Osun over-borrowed for socialist spending. Free food, tablets, jobs.
Ogun [/b]Pays Half salaries to workers which they over employed in line with socialist tendencies.
[b]Ekiti State governor continuously spoon feeds the people with food and other consumables. [Socialist]
Ondo is overburdened with debts due to heavy government spending for socialist spending.
Other south west states face similar challenges also. Lagos is spared due to south East technocrats that have been engaged in the economic planning ministries of the state.


The consistent concentration of South west technocrats on the government’s role has been the flaw repeatedly. The flaw is the result of a Socialist education which needs remediation in the shortest possible time.

The souths East technocrats are generally seen as being ahead of their peers due to their capitalist tendencies. The steps taken by the Anambra state government in cutting tax and in some case removing them in their entirety stands in stark contrast to calls by Adebayo Shittu to increase data tarrif and the likes in response to the ongoing recession.

The dominance of South East technocrats in International institutions such as the world bank and the global banking industry is a testament to their capitalist orientation. And until there is a change in the orientation of south west educational system, the perception of flawed technocrats remains.

Please this is not a tribal tirade but a factual analysis of the impact of the Awolowo education.



Written By OREVA-OGHENNE ENAKENO EJIRO



OREVA-OGHENNE ENAKENO is an economist from the University of Uyo. He is also the founder of 9ja.site [for Every Nigerian]. oreva@9ja.site

Please we would love to read your comments on our website. [url]9ja.site[/url]




SOURCE: http://9ja.site/2016/12/14/recession-are-south-west-technocrats-flawed/

galeiiTNA:
Take link
http://www.mytopbusinessideas.com/richest-people-in-nigeria/

Twistaray:
[s]

I need forbe list not nigeria re-arranged link abeg

Thank you [/s]

galeiiTNA:
If i did modify my post, in the you reply you gave me first, the content of my post in your quote wont change, you can check it for yourself. Dont ever accuse me of lack of integrity again, if something malfucnctioned, how is it my fault

Twistaray:

Ok

I am glad you failed

porka:
I insist you don't have integrity.

SIRTee15:
I really don't understand the intent of this write up, because it smears of great ignorance......
Kalu indika Kalu and Chu okongwu were the respective ministers of finance btw 1985 to 1990 when SAP was implemented.......
Infact Kalu came from world bank to become minister of finance to ensure effective implementation of SAP.......
Falae had a brief stint in that office in 1990 for less than a year and as at then SAP had fully ran it's disastrous course.....

Igbos are mainly traders that buy and sell on a daily basis, when they sell they deposit and when they want to buy they withdraw. The circle keeps repeating on a daily basis, my friend that is not a measure of development or wealth.

If I withdraw N5000 from Bank and bought a shoe for N4500 which I later sold for N5000 and deposited it back to the bank the same day, financial transaction for that day is recorded as N10,000 but I truly don't have that amount in reality. Imagine repeating the same thing on a daily basis and tell me what my financial transaction will be for a week not to talk of a month.

You just reason, how will anambra's financial transactions be higher than Lagos, port-harcourt, kano, Ibadan, ogun or Kaduna. These are the states with the highest GDP contributions in Nigeria. If anambra is that wealth Igbos won't be rushing down to Lagos and other South Western States on a daily basis.

Twistaray:
We won't mind if you can provide with facts,statistics to back the above oral or mere news

Please just a stats not a statements made by one man.

Waiting oo

post=51922132:

OBAFEMIawolowo:
commissioner for economic planning and budget of Lagos state is Igbo.

Please I'm not igbo

michelz:
No doubt the OP made some valid points up there. It is quite simple to understand: each ethnic group or tribe have a particular area they excel in; and sadly,the SW have proven they can't manage a complex economic system like Nigeria. This is not a case for tribal insults and rhetorics; the facts are there on ground. You kept on screaming everywhere that GEJ and NOI were not good administrators of the economy,and just within a year you were given the responsibility (after taken almost 8 months to choose the best hands you want to work with),you've taken the country many years backward. Someone above said Ben Akabueze is not doing anything special in Lagos,but we've heard that kind of empty talk many times that everybody knows how big a sentimental lie it is. Simple experiment: remove him (Ben) and bring in one of your numerous "educated quacks" and watch how fast Lagos will turn to Osun state. By the way,the Op never mentioned Igbos; he only said Southeasterners. So need to bring in Igbos exclusively to this.

post=51922132:

RockHard:
What depressed economies?? Nigga stfu. Your brothers obviously don't agree with your foolish talk coz as i speak they are still migrating en masse to Ogun, Oyo, Lagos etc.for economic survival rather than die of starvation or commit suicide in Anambra, Enugu and the likes.
And as per Lagos, Lagos is a SW state in firm control of Yorubas so you can go and hug transformer if you have a problem with that. If the state fails tomorrow your likes will blame it on its Yoruba handlers so we its real owners that have her interest at heart will continue to claim her and work towards her progress. Name one SE state that can boast of the economic importance of Ogun state, another Yoruba/SW state that your vagabond kinsmen are also flocking to. Not one single one. Be it in industries and manufacturing concerns, FDI, GDP, IGR, you name it. I dare you to.

OBAFEMIawolowo:
telling you the truth doesn't make me Igbo, I also support Yoruba when necessary

galeiiTNA:
That Twistaray has comprehension issues. And when i see a daft afonja, i let them be. No need to educate them, his foolishness is an advantage for me

RockHard:
Yinmu. If it makes you sleep better at night you are free to believe that even Capetown SA is a no man's land for all i care, but any sane person knows who owns and controls what.


While you're at it, please list those Igbo-owned Industries in Lagos and the SW you keep bragging about that can come close to Yorubas' in the region.

I guess to your sick mind the following SW based industries are Igbo-owned: Honeywell Flour Mills, GZI Industries, ProForce, Elizade, Bi-Courtney, Eleganza Group, Folawiyo Group, Petro Inett, Modandola Group, Manucom Fishing, Aiico Insurance, the Yoruba-owned banks, Insurance Companies, e.t.c. Even SME's (interestingly, after Lagos state, Oyo has the highest number of SME's in the country, higher than any SE state) we are comfortably in the lead. You know what SME's stand for right? And how many individuals you must employ to qualify as one?) all located in Yorubaland. I am waiting for those Igbo Big Businesses in Lagos and the SW (not 'pure water' ones o) that are more than Yoruba owned ones, and that give you all the ballz to brag.

http://nigerianstat.gov.ng/pdfuploads/SMEDAN%202013_Selected%20Tables.pdf


Also kindly List the number of Insurance companies players that are Igbo-owned dominating Yorubaland or Nigeria in general.

How many Igbo-owned investments comes close to LADOL in Lagos?

List the Banks that Igbos dominate that are more than the Yoruba-dominated/controlled Skye Bank, First Bank, Sterling Bank, GTBank, FCMB, e.t.c.

List the Telecoms Company that are Igbo-owned/dominated like Yoruba-owned/controlled Globacom and NTel

List the I.T businesses that are Igbo dominated that can stand the likes of Spectranet, CCHub, MainOne

Which Igbo-owned businesses can match the dominance of Yoruba-controlled Oando, ConOil, and Forte Oil?

Chicken Republic, TFC, Tantalizers, Sweet Sensation, Mega Chicken are owned and controlled by Yorubas.

The only Transport segment Igbos dominate is that of buses that convey their kinsmen between YOrubaland and the SE. Yorubas control the SW internal routes, e.g. When I take a bus from Lagos to Abeokuta or Ibadan, 9 out of 10 times the owner of the Bus is a Yorubaman and not an Igboman, so get your facts straight.

In a nutshell, Yorubas already dominate the Big Businesses and industries that count, e.g Finance, Oil & Gas, I.T, Telecoms, Insurance, Manufacturing & Industry, e.t.c. It would be unfair of us to dominate everything so we've left them the crumbs like dominating the Super-Eagles, Gala Hawking , spare-parts bizness, Selling DVD/VCD at Alaba, Entertainment (though Yorubas dominate the Music scene, while we comfortably have our indigeneous Film industry on lockdown as well ), transporting your kinsmen to-and-from the SE to Yorubaland, e.t.c. Your people can keep dominating those. But even Commerce/trading sef una don dey dump that one sef for drug-trafficking.

http://www.vanguardngr.com/2015/06/rivers-state-others-have-overtaken-s-east-in-commerce-industry/

Smh.

InyinyaAgbaOku:
There is far more hunger in that Ogun than Ebonyi.
How many of the industries are yoruba owned? It's just a den for capital flight, that's why it doesn't reflect on the socioeconomic status in the populace.
Lagos was spared cos of the presence of non yoruba people there, the politicians too have mingled with non yoruba people.
Have you wondered why the economies of other SW people are just there. Debt upon debt for welfare with nothing to show for it.
Stop digressing and tell us why you can't manage economies

InyinyaAgbaOku:
There is far more hunger in that Ogun than Ebonyi.
How many of the industries are yoruba owned? It's just a den for capital flight, that's why it doesn't reflect on the socioeconomic status in the populace.
Lagos was spared cos of the presence of non yoruba people there, the politicians too have mingled with non yoruba people.
Have you wondered why the economies of other SW people are just there. Debt upon debt for welfare with nothing to show for it.
Stop digressing and tell us why you can't manage economies

Twistaray:
[s]
O really, and you just have to quote my i.d



I love that

See aba made statistics flying around.
Bunch of babies [/s]

Twistaray:
Here we go again
You started well but eventually give in to your usual egocentric mentally that ya"all known for.

Yeye dey smell