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Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] - Politics (4) - Nairaland

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Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by omohayek: 10:05pm On May 12, 2019
Kennydoc:
Your choice of words is just irritating for a decent argument. You can disagree with me but stop calling my opinion nonsense. I don't like it.

You haven't lived in Anambra (and Abia) before so you don't know the level of economic activities there.
How do your anecdotal observations prove anything one way or another? Have you lived in every corner of those two states, steadily collecting statistics as you did so? Have you done similarly thorough ground studies of all the other states? Your response betrays a lack of understanding of basic statistics.
Anambra has one of the highest number of Nigerian billionaires (in Naira). There are very many thriving businesses there. Anambra is much more economically viable than Edo State. I lived in Edo for 7 years, so I know the state well enough.
Again, all of this is mere assertion, backed by nothing more than your own highly subjective, anecdotal observations. Go ahead and prove me wrong by providing links (NOT pictures) to reputable sources for your claims. Anecdotal claims aren't worth anything, especially when made anonymously on the internet by people with tribal axes to grind.
I've told you the issue with Anambra, and that's the fact that people don't like paying tax. Any governor that vigorously pursues taxation easily attracts the wrath of the people.
More anecdotes without the slightest credible evidence to support them. I could just as easily claim to have visited every one of the 36 states, and found Anambrans to be the most willing to pay taxes in the country, and it would then be your word against mine.
These are not like sound business organisations with well laid out structure, so it's difficult to get optimal tax from them, but many of those businesses are doing very well and can actually pay more tax.
But if they don't pay taxes, and aren't committing tax fraud, they can't be reporting their numbers to any official organizations. That being the case, how do you know just how well these businesses are doing? Did they open their books to you alone? Even with publicly-listed international companies like Apple, Google and Amazon, investors have to wait for their quarterly reports to come out to know how well they are doing, yet here you are claiming to know the financial health of companies that don't report their activities or pay taxes. Who says other such companies aren't thriving as well throughout the rest of the country?
Even in the Western world, private business owners quote low revenue to reduce their tax, how much more in Nigeria?
But those Western companies at least respect the formal requirement to publicly file quarterly and annual tax reports, which anyone can look up on the internet. Can you say the same for these mystery Anambran and Abian companies of yours?
Also, all these figures about IGR sometimes mean little to me. Anambra is one of the few states that never got bailout from FG, yet it's nowhere among the top 10 states with good IGR. Some of those states there got bail out from FG.
Argentina, Greece, Turkey, South Korea and even the United Kingdom have all received IMF bailouts, while the USA and UK have both run current and/or budget deficits for going on decades. China and Japan both have domestic debt burdens of over 250%. By your yardstick, all of these countries are inferior to "virtuous" Nigeria, yet I'm certain you would flee to any one of these other countries in a heartbeat if you had the chance.

All of the above just confirms what I said initially. However much it may irritate you to hear your opinions called nonsense, that is what they are, as they are grounded in neither trustworthy empirical evidence nor in sound logical reasoning. All your opinions amount to is a statement of wishful thinking, one that wouldn't be necessary to make in someone with a better sense of self-esteem. If someone were to point out to me that all SW states combined have a lower IGR than tiny Singapore, I would have no problem admitting as much, and I certainly would't start inventing numbers or bringing up irrelevancies to try to soothe my ego, because I don't base my self-worth on tribal chest-beating.
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by jimi4us: 10:07pm On May 12, 2019
BayportalEnt:
With the way states in the SE voted for 1 party I thought the governance in those states were 2nd to none...
with the way South West voted for their master buhari one would've thought South West would've turned to Dubai.
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by RealityShot: 10:07pm On May 12, 2019
Olumyco:
Do we pay property tax in Nigeria?
oya ask the person that suggested it above.
jamjo:
Southeast has a gold mine if they can take advantage of the property taxes, if I said 65% of houses in Southeast don't pay property tax I'm sure people will agree with me. Thousands or may I said millions of houses in the villages can be made to pay taxes they will not be in the
situation they found themselves, they cannot limit themselves in the cities only.
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by Kennydoc(m): 10:10pm On May 12, 2019
omohayek:
How do your anecdotal observations prove anything one way or another? Have you lived in every corner of those two states, steadily collecting taxes as you did so? Have you done similarly thorough ground studies of all the other states? Your response betrays a lack of understanding of basic statistics.


Again, all of this is mere assertion, backed by nothing more than your own highly subjective, anecdotal observations. Go ahead and prove me wrong by providing links (NOT pictures) to reputable sources for your claims. Anecdotal claims aren't worth anything, especially when made anonymously on the internet by people with tribal axes to grind.


More anecdotes without the slightest credible evidence to support them. I could just as easily claim to have visited every one of the 36 states, and found Anambrans to be the most willing to pay taxes in the country, and it would then be your word against mine.


But if they don't pay taxes, and aren't committing tax fraud, they can't be reporting their numbers to any official organizations. That being the case, how do you know just how well these businesses are doing? Did they open their books to you alone? Even with publicly-listed international companies like Apple, Google and Amazon, investors have to wait for their quarterly reports to come out to know how well they are doing, yet here you are claiming to know the financial health of companies that don't report their activities or pay taxes. Who says other such companies aren't thriving as well throughout the rest of the country?


But those Western companies at least respect the formal requirement to publicly file quarterly and annual tax reports, which anyone can look up on the internet. Can you say the same for these mystery Anambran and Abian companies of yours?



Also, all these figures about IGR sometimes mean little to me. Anambra is one of the few states that never got bailout from FG, yet it's nowhere among the top 10 states with good IGR. Some of those states there got bail out from FG.

Argentina, Greece, Turkey, South Korea and even the United Kingdom have all received IMF bailouts, while the USA and UK have both run current and/or budget deficits for going on decades. China and Japan both have domestic debt burdens of over 250%. By your yardstick, all of these countries are inferior to "virtuous" Nigeria, yet I'm certain you would flee to any one of these other countries in a heartbeat if you had the chance.
Good night!
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by Nobody: 10:17pm On May 12, 2019
na southern before?
meeky007:
so Benue is now a a northern state
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by Nobody:
Princedapace:
Aside bad governance, u really dont know how useless the current structure of the Nigeria state is.

The current structure pushes everything to Lagos state.

No state has any viable business like that. The entire nigeria investment goes mainly to Lagos and Abuja. This is due to main government controlled agencies have their head quarters in Lagos and abuja. This, aside the ports in Lagos, make business and investors to site their head offices in these two cities. That has greatly affected other states.

Also, the way nigeria is structured, the federal govt is way too richer than the component states. This is not healthy. Almost all governors have houses in abuja and Lagos, they have hotels and investments in Lagos and abuja, all government offices are all controlled from Lagos and abuja.

Nigeria is such a useless country. South africa has three official federal capitals. Why? They want investments to move around. Nigeria has intentionally suppressed other regions from growing due to fear of breakup. Very funny something..

If nigeria wants to really grow, there is nothing Buhari can do, or even Atiku. The best nigeria can do is to be sincere with her existence. First, understand that regions can break up if they feel uncomfortable with the union. And to avoid that, the country needs to work for all regions.

The federal govt must reduce her work loads becus we have situations where states take up federal projects. I mean states that are struggling to earn, they have to take up federal govt projects like roads, etc. That is so wrong. States fund police, support the military, etc. Still from their little fund they get. So what is federal govt doing with all the money she earns? Federal govt controls the most juicy parts of making money in the country, so the federal govt should be able to take care of all her projects without lacking.

If we look at it seriously, states have more things to do than FG, that is why I support complete change of allocation. To me, states should handle their natural resources and pay royalties to FG. States have more responsibilities to take care, yet FG earns more than states with huge gap.

In fact, FG remains liability becus the national assembly and many FG agencies just have directors and staff who are over paid and earn crazy allowances while states struggle to pay their staff. Nigeria is poorly structured. Who ever that wants to fix Nigeria must look at her constitution and change many things.

It is either the country embraces six FG capitals to bring development closer to all regions, or the country simply allow states control her resources more.

States should control water too and allow FG percentage portion.

Also system of election needs to be worked on so that states can be discouraged from birthing kids anyhow without proper planning. The current system supports over breeding..
I am in total agreement with you. For Nigeria to move forward, the system of government whereby the federal government has total control of everything has to be scrapped and abandoned. It should adopt a system where each state is very independent of the central [federal] government and in control of its own destiny. The main reason things do not work in Nigeria besides the obvious [bribery, lack of good leadership, and greed], is that the federal government has taken more than it can reasonably take care of. In my humble opinion, the only things that the Nigerian federal government should be responsible for as it's in most advanced democracies, are:

[a]. Make Laws: The main function of the federal government is creating and enforcing laws to ensure order and stability within society. I am not sure but the Nigerian Constitution should outline the nation's law-making process and establish institutions to carry out this function. The concentration of power in a single individual or branch of government should be avoided, thus the separation of the law-making powers among three branches... legislative, executive and judicial. The legislature, [composed of the House of Representatives and the Senate] creates laws. The executive branch enforces laws under the leadership of the president. The judiciary [most important branch], which includes a federal court system headed by the Supreme Court, decides the constitutionality of these laws. This separation of powers prevents one branch from gaining influence over the others.

. [b]National Economy: The federal government also controls the nation's economy. It creates a national currency, which is under its control. The legislative branch has the authority to levy taxes, duties, and excises to raise money in order to pay the country's debts. It can also borrow money and regulate both international and interstate commerce. Most importantly, the legislative body has the power to print or coin money and to regulate its value.

[c]. National Security: Throughout history, war has been the main component of international relations. A major responsibility of any government is protecting its citizens. The Constitution places national defense in the hands of the federal government. However, the legislative branch should have the power to declare war and the president the power to wage war, so that one branch could not gain complete control over the nation's armed forces.

[d]. Foreign Policy: The federal government represents the nation's interests abroad. This duty is increasingly important as countries become more interconnected in the modern international system. The Constitution should divide the authority for making foreign policy between the legislative and executive branches. The Nigerian Foreign Ministry maintains a network of embassies in countries around the world under the direction of the president. Diplomats send and receive messages to foreign heads of state on behalf of the president and negotiate treaties and trade agreements. The Senate must consent to any treaty negotiated by the president and confirm any presidential nomination to a foreign post.
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by Nobody: 10:23pm On May 12, 2019
Ebullience:
The Economic Confidential on Sunday released its Annual States Viability Index (ASVI) report.


https://dailypost.ng/2019/05/12/10-nigerian-states-economically-viable-17-bankrupt-see-details/
Abuja Bloggers:
.

dailypost.ng
(I know him
abujaexpress
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by Nobody: 10:24pm On May 12, 2019
Princedapace:
Aside bad governance, u really dont know how useless the current structure of the Nigeria state is.

The current structure pushes everything to Lagos state.

No state has any viable business like that. The entire nigeria investment goes mainly to Lagos and Abuja. This is due to main government controlled agencies have their head quarters in Lagos and abuja. This, aside the ports in Lagos, make business and investors to site their head offices in these two cities. That has greatly affected other states.

Also, the way nigeria is structured, the federal govt is way too richer than the component states. This is not healthy. Almost all governors have houses in abuja and Lagos, they have hotels and investments in Lagos and abuja, all government offices are all controlled from Lagos and abuja.

Nigeria is such a useless country. South africa has three official federal capitals. Why? They want investments to move around. Nigeria has intentionally suppressed other regions from growing due to fear of breakup. Very funny something..

If nigeria wants to really grow, there is nothing Buhari can do, or even Atiku. The best nigeria can do is to be sincere with her existence. First, understand that regions can break up if they feel uncomfortable with the union. And to avoid that, the country needs to work for all regions.

The federal govt must reduce her work loads becus we have situations where states take up federal projects. I mean states that are struggling to earn, they have to take up federal govt projects like roads, etc. That is so wrong. States fund police, support the military, etc. Still from their little fund they get. So what is federal govt doing with all the money she earns? Federal govt controls the most juicy parts of making money in the country, so the federal govt should be able to take care of all her projects without lacking.

If we look at it seriously, states have more things to do than FG, that is why I support complete change of allocation. To me, states should handle their natural resources and pay royalties to FG. States have more responsibilities to take care, yet FG earns more than states with huge gap.

In fact, FG remains liability becus the national assembly and many FG agencies just have directors and staff who are over paid and earn crazy allowances while states struggle to pay their staff. Nigeria is poorly structured. Who ever that wants to fix Nigeria must look at her constitution and change many things.

It is either the country embraces six FG capitals to bring development closer to all regions, or the country simply allow states control her resources more.

States should control water too and allow FG percentage portion.

Also system of election needs to be worked on so that states can be discouraged from birthing kids anyhow without proper planning. The current system supports over breeding..
I am in total agreement with you. For Nigeria to move forward, the system of government whereby the federal government has total control of everything has to be scrapped and abandoned. It should adopt a system where each state is very independent of the central [federal] government and in control of its own destiny. The main reason things do not work in Nigeria besides the obvious [bribery, lack of good leadership, and greed], is that the federal government has taken more than it can reasonably take care of. In my humble opinion, the only things that the Nigerian federal government should be responsible for as in most advanced democracies, are:

[a]. Make Laws: The main function of the federal government is creating and enforcing laws to ensure order and stability within society. I am not sure but the Nigerian Constitution should outline the nation's law-making process and establish institutions to carry out this function. The concentration of power in a single individual or branch of government should be avoided, thus the separation of the law-making powers among three branches... legislative, executive and judicial. The legislature, [composed of the House of Representatives and the Senate] creates laws. The executive branch enforces laws under the leadership of the president. The judiciary [most important branch], which includes a federal court system headed by the Supreme Court, decides the constitutionality of these laws. This separation of powers prevents one branch from gaining influence over the others.

. [b]National Economy: The federal government also controls the nation's economy. It creates a national currency, which is under its control. The legislative branch has the authority to levy taxes, duties, and excises to raise money in order to pay the country's debts. It can also borrow money and regulate both international and interstate commerce. Most importantly, the legislative body has the power to print or coin money and to regulate its value.

[c]. National Security: Throughout history, war has been the main component of international relations. A major responsibility of any government is protecting its citizens. The Constitution places national defense in the hands of the federal government. However, the legislative branch should have the power to declare war and the president the power to wage war, so that one branch could not gain complete control over the nation's armed forces.

[d]. Foreign Policy: The federal government represents the nation's interests abroad. This duty is increasingly important as countries become more interconnected in the modern international system. The Constitution should divide the authority for making foreign policy between the legislative and executive branches. The Nigerian Foreign Ministry maintains a network of embassies in countries around the world under the direction of the president. Diplomats send and receive messages to foreign heads of state on behalf of the president and negotiate treaties and trade agreements. The Senate must consent to any treaty negotiated by the president and confirm any presidential nomination to a foreign post.
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by bewise24: 10:44pm On May 12, 2019
omohayek:
Do you think repeating this made-up nonsense enough times will magically make it true? Not a single Nigerian state comes close to the levels of taxation found throughout the developed world, or even in middle-income countries like China, Thailand. Even Lagos State is an ultra-low tax region by international standards.

It's nonsense to speak of being so heavily dependent on federal allocations as if it were something to be proud of. What happens if the FG suddenly decides to slash them for whatever reason? A far more likely reason why IGR is so low in the SE states is that their levels of internal economy activity simply can't support higher taxes.
INTERNAL ECONOMY ACTIVITY...? Return ur cert to ur skul pls!
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by Separateways: 10:50pm On May 12, 2019
Nigerian military budget expansion

Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by pazienza(m): 10:51pm On May 12, 2019
Well, Nigerian IGR is all about taxation.

In an era of poor government accountability. I wouldn't accept increased taxation just to boast that my state has more IGR, while the governors embezzle the money.

For the man talking about South Korea and the rest having higher IGR and debts than Nigeria. Did it also occur to him that South Korea has better infrastructures and living standards than Nigeria.

Now, is there any proof that states with higher IGR and debts in Nigeria, have better infrastructures and that the living standard of their citizens are better than others because of this?
I don't think so. Instead, the indigenes/residents of these states despite being heavily taxed, have to put up with the same poor infrastructures as indigenes of states with lesser IGR and lesser taxation. If anything, an Anambra civil servant who is not being owed a dime by the state government, would naturally have a better living standard than states with higher IGR whose civil servants are owed backlogs of salaries by the government.

As far as I'm concerned. Higher IGR and heavy taxation, huge debts, have not guaranteed better living standard or infrastructures to states who have them. So what's the point of using it compare the situation obtainable in first world nations where living standards of the population are high because of high IGR derived from heavy taxation and humongous debts?

Until government become more efficient in Nigeria, Ndiigbo will continue to resist heavy taxation by looting governors in the name of IGR, so that we can come online to brag. Let the money remain in the hand of individuals who would manage it making their lives better. If and when the FAA stops flowing. We have enough reserves to raise our IGR, and then demand for accountability from the non Abuja controlled government in our land, hopefully a Biafran government. cool
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by MetaPhysical: 10:55pm On May 12, 2019
The most efficient and solvent region in the country is SW. It has six states and counted three states out of top 6 and one out of bottom 4.

50% of the region is self sufficient and could bail out other regions from insolvency.
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by MetaPhysical: 11:02pm On May 12, 2019
jimi4us:
with the way South West voted for their master buhari one would've thought South West would've turned to Dubai.
Southwest is indeed your Dubai, otherwise there woulddnt be buses from SE arriving daily fully packed but returning home at half capacity. I dare you to stay away from SW and see as that your SE decay away in its deficiencies.
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by Maximatic(m): 11:03pm On May 12, 2019
True check signature
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by MetaPhysical: 11:12pm On May 12, 2019
Princedapace:
Aside bad governance, u really dont know how useless the current structure of the Nigeria state is.

The current structure pushes everything to Lagos state.

No state has any viable business like that. The entire nigeria investment goes mainly to Lagos and Abuja. This is due to main government controlled agencies have their head quarters in Lagos and abuja. This, aside the ports in Lagos, make business and investors to site their head offices in these two cities. That has greatly affected other states.

Also, the way nigeria is structured, the federal govt is way too richer than the component states. This is not healthy. Almost all governors have houses in abuja and Lagos, they have hotels and investments in Lagos and abuja, all government offices are all controlled from Lagos and abuja.

Nigeria is such a useless country. South africa has three official federal capitals. Why? They want investments to move around. Nigeria has intentionally suppressed other regions from growing due to fear of breakup. Very funny something..

If nigeria wants to really grow, there is nothing Buhari can do, or even Atiku. The best nigeria can do is to be sincere with her existence. First, understand that regions can break up if they feel uncomfortable with the union. And to avoid that, the country needs to work for all regions.

The federal govt must reduce her work loads becus we have situations where states take up federal projects. I mean states that are struggling to earn, they have to take up federal govt projects like roads, etc. That is so wrong. States fund police, support the military, etc. Still from their little fund they get. So what is federal govt doing with all the money she earns? Federal govt controls the most juicy parts of making money in the country, so the federal govt should be able to take care of all her projects without lacking.

If we look at it seriously, states have more things to do than FG, that is why I support complete change of allocation. To me, states should handle their natural resources and pay royalties to FG. States have more responsibilities to take care, yet FG earns more than states with huge gap.

In fact, FG remains liability becus the national assembly and many FG agencies just have directors and staff who are over paid and earn crazy allowances while states struggle to pay their staff. Nigeria is poorly structured. Who ever that wants to fix Nigeria must look at her constitution and change many things.

It is either the country embraces six FG capitals to bring development closer to all regions, or the country simply allow states control her resources more.

States should control water too and allow FG percentage portion.

Also system of election needs to be worked on so that states can be discouraged from birthing kids anyhow without proper planning. The current system supports over breeding..
Your assertion is partly correct. Companies like to operate with as low overhead as is possible. Operating a company in Lagos is very expensive but in terms of security and peace of mind Lagos is predictably business friendly. Corporate decision makers will choose security and predictability above cost savings.

SS have ports just like Lagos but they are not business friendly due to insecurity and unpredictability, even though cheaper and cost sustainable than Lagos.

You keep an army of active militants that terrorize government and has history of kidnapping corporate workers and their managers....this is statement to corporate businesses to stay away.

So you cannot blame just the government for the economic stagnation in your zone, you must take self responsibility and accountability for your actions and its direct negative effect to drive away tax-paying businesses.
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by pazienza(m):
MetaPhysical:
Southwest is indeed your Dubai, otherwise there woulddnt be buses from SE arriving daily fully packed but returning home at half capacity. I dare you to stay away from SW and see as that your SE decay away in its deficiencies.
No bus return from Lagos to SE half empty.
Stop massaging your sorry egos.

You claim your region is the most stable and economically viable , yet you cling unto Nigeria like a leech to a rich source of blood supply. Sometime ago, we were inundated with lies of how Osun has IGR greater than all in SE combined. Yet when recession came, Osun went bankrupt and couldn't pay her workers.

Ndiigbo stayed away from your dead zone in 1967-70. But you lots came to our homeland forcing unity with us.
Even till today. If you conduct a referendum in Igboland, majority of us would choose to have no ties with Yorubas. Most people who die on top Biafra issue on NL and social media are mainly Yorubas , yet you lots claim you are good enough to stand on your own, when your actions say otherwise.
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by colestephan86: 11:20pm On May 12, 2019
phantom:
Bayelsa is a disgrace. Anamba, imo and Abia nko? This country needs to be badly restructured and I don't mean by secession of any part YET!
We can start by pushing for removal of certain things from the exclusive list of the federal govt.
Power for example. Once there is deregulation of power, a poor Northern state can borrow money from a bank and build an IPP solely for a massive industrial estate 3 to 5 times the size of trans amadi industrial layout in portharcourt.
Dangote and other manufacturers would fall over themselves to own factories there.
Do you know how much power supply adds to the overhead of a company daily?
Attract businesses to your state. Give them power supply and they WILL GLADLY PAY REASONABLE TAX TO THE STATE.
Power isn't the only thing needed for sustainable growth of a state, I bet you the north has more power supply than u think, but the state isn't economically viable. It's only a stupid business man that will go far north to setup a factory solely cos of power supply, how does he move raw material and finished goods after production.
Our transportation system has to be very functional and reliable especially the rail to help those states. Goods and services have to be able to move easily without damages .
Our tax system too is really bad, a production factory will pay tax in Lagos and still go pay tax in Nasarawa state.
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by jadeliyi(m): 11:20pm On May 12, 2019
diablos:
Most of these northern states that contribute nothing to the economy wether in IGR or GDP should be donated to countries like niger republic and Chad. I keep wondering what sokoto, katsina, zamfara, borno and a bunch of other parasitic northern states contribute to the growth of Nigeria.
thanks to them they keep added illetrates , poverty and the exponential growth of our population.
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by t2luv1: 11:22pm On May 12, 2019
Onlinealaba:
We have truly lost it in this country..only 10 states out of 36 states.. North has a close up of 13 states that are economically bankrupt out of the 18 northern state shocked
Now you know why they always preaching one Nigeria> They are clue to Nigeria nipples sucking up her milk.
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by pazienza(m):
MetaPhysical:
Your assertion is partly correct. Companies like to operate with as low overhead as is possible. Operating a company in Lagos is very expensive but in terms of security and peace of mind Lagos is predictably business friendly. Corporate decision makers will choose security and predictability above cost savings.

SS have ports just like Lagos but they are not business friendly due to insecurity and unpredictability, even though cheaper and cost sustainable than Lagos.

You keep an army of active militants that terrorize government and has history of kidnapping corporate workers and their managers....this is statement to corporate businesses to stay away.

So you cannot blame just the government for the economic stagnation in your zone, you must take self responsibility and accountability for your actions and its direct negative effect to drive away tax-paying businesses.
The same Lagos where Yoruba Bado boys terrorized residents, where Tinubu Yoruba thugs harrassed and molested people who tried to vote for PDP, in broad daylight and on camera is peaceful? Same SW of head hunting and skull mining?

Where in Lagos is more peaceful than Akwa ibom or Enugu .

Someone suggested 6Federal capitals and decentralisation of federal infrastructures to these capitals to be chosen from each zone, and you are already getting jittery, trying to claim other zones lack the security to host such infrastructures and FG presence that would attract multinationals, depopulate and demystify Lagos.
You rather the rest of us in SS and SE continue having to depend on Lagos and Abuja, while you brag about how you made Lagos? You claim you are most solvent,yet are scared of change in the current structure of Nigeria that favours your Lagos, or even outright break up of Nigeria, which would mean that Lagos serves only your Yoruba people, while new emergent nations build their own nations.

It will only take time. But that you fear most, would surely befall you guys. Nigeria will either restructure or break up. It has no option. You live on borrowed time. Enjoy it while it lasts.
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by t2luv1: 11:25pm On May 12, 2019
colestephan86:
Power isn't the only thing needed for sustainable growth of a state, I bet you the north has more power supply than u think, but the state isn't economically viable. It's only a stupid business man that will go far north to setup a factory solely cos of power supply, how does he move raw material and finished goods after production.
Our transportation system has to be very functional and reliable especially the rail to help those states. Goods and services have to be able to move easily without damages .
Our tax system too is really bad, a production factory will pay tax in Lagos and still go pay tax in Nasarawa state.
The North is a lost cause. They have been in power for most of Nigeria existence and what can they show for it. I am serious about this.
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by MrBONE2(m): 11:30pm On May 12, 2019
ironheart:
Where kogi
Kogi is an ancient continent in another world grin

Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by jimi4us: 12:01am On May 13, 2019
MetaPhysical:
Southwest is indeed your Dubai, otherwise there woulddnt be buses from SE arriving daily fully packed but returning home at half capacity. I dare you to stay away from SW and see as that your SE decay away in its deficiencies.
without crude oil 3 years ago hunger swiped the whole country to recession. Get out of Igbo land stop stealing our oil bastardss
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by Topmaike007(m): 12:03am On May 13, 2019
yeman2012:
fear north!
thou sayeth the Lord
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by Topmaike007(m): 12:05am On May 13, 2019
kennydee05:
Even Bayelsa
with all the oyel money dey collect, still lagging behind....

Proudly Ebonyian

Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by Daewang: 12:24am On May 13, 2019
God bless my Enugu State. I rep 042 for life. Enugu State is truly in the hands of God.
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by Nobody: 12:37am On May 13, 2019
So apparently, there are some state in nigeria with nothing to offer. So if Federal govt was to leave them to manage their resources and develop themselves, everyone in the state will probably die of poverty.
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by Getdowntobiznes: 1:05am On May 13, 2019
Believe me most of the states spend their revenue recklessly thats why they can not be viable economically.
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by Xander85: 2:29am On May 13, 2019
Jiang:
Denial won't take you anywhere, get rid of those id#ts u voted into power who do nothing but squander ur allocation & when federal government tries to help you,You start shouting witchunt & blowing up pipelines. While they allocate life pensions for themselves

Gombe should not even have low revenue, Ashaka cement alone gives them over a hundred million monthly but they still find ways to squander.
Care to point out where i gave a thumbs-up to the performance of state gov'ts in the east? Saying that IGR of states isn't a pointer to how viable or not said states are now means i'm saying the state governors are doing a sterling job?

Asking states to return hundreds of billions of naira as evidence they're viable just means that states that don't have a robust economy built on oil and gas or who are not favoured for the siting of federal institutions and parastatals (like int'l airports, seaports and nation-building institutions)...such states will have no choice than to find more innovative ways to further milk the workers and the few small-scale industries sited in their states!

With the present political-economy of Nigeria that has the commanding heights of the economy centrally controlled from Abuja, states have little leeway to chart their own economic course as should be expected in a true federation! Rather, first devolve economic and political power to the units and give them control of their own resources; it is only after this is done and states still find it difficult to keep their heads above water that you can say they're not viable!
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by MetaPhysical: 2:40am On May 13, 2019
charliboy654:
So apparently, there are some state in nigeria with nothing to offer. So if Federal govt was to leave them to manage their resources and develop themselves, everyone in the state will probably die of poverty.
They all migrate to Yorubaland. The only economically viable region. grin

But they attack our aspiration to be Speaker of NASS. They attack our ambition to rule in 2023. No one can deny us what we want, particularly we wont deny your needs if survival forces you into our land.
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by kayusely70(m): 2:50am On May 13, 2019
The North has always been the achille heels of nigeria, but im surprised with bayelsa state, an oil producing state with just eight lgs still owing salary and pension.
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