Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] - Politics (4) - Nairaland
Nairaland Forum › Nairaland General › Politics › Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] (51719 Views)
| Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by omohayek: 10:05pm On May 12, 2019 |
Kennydoc: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 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:oya ask the person that suggested it above. jamjo: |
| Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by Kennydoc(m): 10:10pm On May 12, 2019 |
omohayek: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: |
| Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by Nobody: 10:21pm On May 12, 2019*. Modified: 10:43pm On May 12, 2019 |
Princedapace: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: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: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: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
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| 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. ![]() |
| 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: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: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): 11:13pm On May 12, 2019*. Modified: 11:33pm On May 12, 2019 |
MetaPhysical: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: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: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: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): 11:23pm On May 12, 2019*. Modified: 8:03am On May 13, 2019 |
MetaPhysical: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: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:Kogi is an ancient continent in another world ![]()
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| Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by jimi4us: 12:01am On May 13, 2019 |
MetaPhysical: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: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:with all the oyel money dey collect, still lagging behind.... Proudly Ebonyian
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| 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: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:They all migrate to Yorubaland. The only economically viable region. ![]() 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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