₦airaland Forum

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BeachTime:
Nigeria is a poor country and there's no money . Nigeria only makes $35 billion dollars from oil per year .

A world class construction of all roads(sidewalks,bicycle paths ,bridges ,drainage,marking and traffic signs included) in Anambra alone would cost $10 billion dollars. Anambra only receives $11 million dollars per month or $130 million dollars per year from the Nigerian state .
A world class airport like the one you see in Dubai and US and china cost $1 billion to build. A 100 story skyscraper like the ones in New York and Dubai cost $1 billion dollars. Anambra needs $5 billion dollars to have uninterrupted electricity .Nigeria needs $200 billion dollars to have uninterrupted power. That's one of the reasons there is no significant projects in Nigeria because there's simply no money after the 35 billion dollars is dispersed into 100s of cities,towns ,villages and local governments .

With yearly revenue of around $35 to $40 billion dollars , there's only so much to be done with a population of 180 million .That's why the economy needs to be diversified. Nigeria will not develop anytime soon,not because the president and governors would not like to develop,but because there's no money to do much .The money available at this time is to pay government workers and build a few mediocre roads and structures and keep the economy afloat.

Anambra has a population of 4.2 million and has the most valuable resources of all ...human resources

If the average anambra person pays 180,000 tax per year ( average ooh ...some go pay 50 million so pay 10,000) that's 15,000 tax for the benefits of the states
That's over 2 billion dollars ...in 10 years 20 billion dollars ...federal allocation can take care of wage ....

Over 750 billion for capital development per year ...tell my why it won't be Dubai in 20 years time


Japan ,England was built on this idea

The only reason Nigeria won’t develop anytime soon is because of the unitary system of gov’t we operate....a system built on nepotism, ethno-religious sentiments and quota-system!

As if that wasn’t enough, they went and added huge overhead/personnel costs with a huge federal civil-service and multitude of unviable little fiefdoms that pass for the 36 states!

And don’t even get me started on the wasteful democracy we operate, with the 4 yearly cycle of selections elections and fat, greedy politicians that goes with it!

BeachTime:
Nigeria is a poor country and there's no money . Nigeria only makes $35 billion dollars from oil per year .

A world class construction of all roads(sidewalks,bicycle paths ,bridges ,drainage,marking and traffic signs included) in Anambra alone would cost $10 billion dollars. Anambra only receives $11 million dollars per month or $130 million dollars per year from the Nigerian state .
A world class airport like the one you see in Dubai and US and china cost $1 billion to build. A 100 story skyscraper like the ones in New York and Dubai cost $1 billion dollars. Anambra needs $5 billion dollars to have uninterrupted electricity .Nigeria needs $200 billion dollars to have uninterrupted power. That's one of the reasons there is no significant projects in Nigeria because there's simply no money after the 35 billion dollars is dispersed into 100s of cities,towns ,villages and local governments .

With yearly revenue of around $35 to $40 billion dollars , there's only so much to be done with a population of 180 million .That's why the economy needs to be diversified. Nigeria will not develop anytime soon,not because the president and governors would not like to develop,but because there's no money to do much .The money available at this time is to pay government workers and build a few mediocre roads and structures and keep the economy afloat.

Nigeria will pay the painful price for lack of diversification of its economy over the years. How can a country of over 200 million people depend on oil as the largest source of revenue. This is a recipe for disaster.

A economic tsunami is on the horizon.

mrvitalis:
Anambra has a population of 4.2 million and has the most valuable resources of all ...human resources

If the average anambra person pays 180,000 tax per year ( average ooh ...some go pay 50 million so pay 10,000) that's 15,000 tax for the benefits of the states
That's over 2 billion dollars ...in 10 years 20 billion dollars ...federal allocation can take care of wage ....

Over 750 billion for capital development per year ...tell my why it won't be Dubai in 20 years time


Japan ,England was built on this idea

This is why i say states like Anambra are not firing on all cylinders! They’re operating at about 20% installed capacity!

IGBOSON1:
The only reason Nigeria won’t develop anytime soon is because of the unitary system of gov’t we operate....a system built on nepotism, ethno-religious sentiments and quota-system!

As if that wasn’t enough, they went and added huge overhead/personnel costs with a huge federal civil-service and multitude of unviable little fiefdoms that pass for the 36 states!

And don’t even get me started on the wasteful democracy we operate, with the 4 yearly cycle of selections elections and fat, greedy politicians that goes with it!

And to make things worse, the value of oil will soon depreciate as the electric car revolution is coming sooner than anticipated.

We have been running a mono Economy and unitary system which will backfire in unimaginable ways.

IGBOSON1:
This is why i say states like Anambra are not firing on all cylinders! They’re operating at about 20% installed capacity!

Anambra is a beacon of hope because it’s the largest non oil dependent economy outside Lagos and Abuja.

It’s not even utilizing 20% of its potential.

BeachTime:
Nigeria is a poor country and there's no money . Nigeria only makes $35 billion dollars from oil per year .

A world class construction of all roads(sidewalks,bicycle paths ,bridges ,drainage,marking and traffic signs included) in Anambra alone would cost $10 billion dollars. Anambra only receives $11 million dollars per month or $130 million dollars per year from the Nigerian state .
A world class airport like the one you see in Dubai and US and china cost $1 billion to build. A 100 story skyscraper like the ones in New York and Dubai cost $1 billion dollars. Anambra needs $5 billion dollars to have uninterrupted electricity .Nigeria needs $200 billion dollars to have uninterrupted power. That's one of the reasons there is no significant projects in Nigeria because there's simply no money after the 35 billion dollars is dispersed into 100s of cities,towns ,villages and local governments .

With yearly revenue of around $35 to $40 billion dollars , there's only so much to be done with a population of 180 million .That's why the economy needs to be diversified. Nigeria will not develop anytime soon,not because the president and governors would not like to develop,but because there's no money to do much .The money available at this time is to pay government workers and build a few mediocre roads and structures and keep the economy afloat.

The only good reason is the Nigeria a basket of fools.

One thing I have told igbos in the past is that we have the ability to build critical infrastructures that we need for development.

Owerri Airport was built by indigenes under Sam Mbakwe administration.

Just all the money that is collected by churches on just one Sunday alone is enough to build all the power plants the south east needs. This is including tithes and offerings.

We need to start using our Human Resources for our own benefit.

I agree Nigeria isnt as rich as people think.

nlPoster:
I agree Nigeria isnt as rich as people think.

It is not even 10% as rich

mrvitalis:
Anambra has a population of 4.2 million and has the most valuable resources of all ...human resources

If the average anambra person pays 180,000 tax per year ( average ooh ...some go pay 50 million so pay 10,000) that's 15,000 tax for the benefits of the states
That's over 2 billion dollars ...in 10 years 20 billion dollars ...federal allocation can take care of wage ....

Over 750 billion for capital development per year ...tell my why it won't be Dubai in 20 years time


Japan ,England was built on this idea

How many people in today's anambra can pay 180k tax per year? And that's only 15k per month......
Yet the fools called Nigerians will be borning children like they are so blind!

mrchineke:
It is not even 10% as rich

Nigerians are flashy with money but it doesnt mean they're rich.

Anambra can start borrowing from richer states like Singapore or China without the FGs aprroval.

Hanoi in Vietnam did so, now they have better infrastructure...

The state needs an ambitious developer like Herod the Great or the Dubai sheiks.
Sometimes one needs to think outside the box.

Taxing the indigenes wont give any significant modern infrastructure boost.

Borrowing from China or even from hedge funds on Newyork stocks is the best option.

Or why not adopt this approach by a downtown district in LA. They approched chinese investors, gave them incentives of 10yrs tax free and told them to develop 7 twenty five atory high rises in an area. The Investors agreed and viola the area is now Modern.

nijabazaar:
Anambra can start birriwing from richer states like Singapore or China without the FGs aprroval.

Hanoi in Vietnam did so, now they have better infrastructure...

The state needs an ambitious developer like Herod the Great or the Dubai sheiks.
Sometimes one needs to think outside the box.

Taxing thr indigenes wont give any significsnt modern infrastructure boost.

Borrowing from China or even from hedge funds on the Newyork stocks is the best option.

And what collateral or leverage will anambra offer the lenders?.

mrchineke:
And what collateral or leverage will anambra offer the lenders?.

Anambra can begin by offering them land and a tax haven for 10yrs in exchange for world class infrastructure.

Have you been to Djibouti lately, half of tge new high rises is based on this approach.

Besides who needs FGs aprroval, since laws are taken for granted in this country. Anambra should go ahead and apply the approach jare.

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BeachTime:
I get what you mean ,and I've thought about that for Calabar mega city idea.
How was the pyramids,Great wall of China, Benin wall and other ancient structures built? They were built by combined efforts of citizens .In exchange for labor, the citizen where provided food and housing . sometimes prisoners and slaves were used as well.
I believe a lot can be accomplished by mobilizing citizen effort.

Absolutely. I am a strong believer in group economics.

There is an African proverbs that says:

“ if you want to go FAST, go alone but if you want to go FAR, then go as a group”

This idea of me, myself and I has to stop. If people start consciously pulling their resources together, they can develop their society without waiting for oil money.

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mrchineke:
How many people in today's anambra can pay 180k tax per year? And that's only 15k per month......
Yet the fools called Nigerians will be borning children like they are so blind!

Oga more than 60% of peoples can ...they just don't trust the government enough

maybe they should start printing more notes

mrvitalis:
Oga more than 60% of peoples can ...they just don't trust the government enough

You hit the nail on the head. Trust factor is the reason why people don’t want to pay taxes in the East.

If you establish a system of trust and verification and effective utilization, people will happily pay their taxes.

But I believe the money is there considering how many businesses exist and thrive.

Nigeria would develop once there is death sentence for anybody that steals public funds or convert it for public use...

davillian:
Nigeria would develop once there is death sentence for anybody that steals public funds or convert it for public use...

You are telling the thieves to pass a law that will kill them...lol

Very hard mission.

Op, you'd be surprised how many highly educated and productive Nigerian expatriates around the globe would send more capital or relocate home if the security and corruption issues continue to improve. I see the giant of Africa becoming a top five nation in the world in a relatively short span of time when or before things start clicking on all cylinders.
Nigerians zeal, hustle, and intelligence is second to none on the planet.

horsepower101:
You are telling the thieves to pass a law that will kill them...lol

Very hard mission.

We would force such laws on them the same way they force laws on us.
They won't accept willingly.

ZooOga:
Op, you'd be surprised how many highly educated and productive Nigerian expatriates around the globe would send more capital or relocate home if the security and corruption issues continue to improve. I see the giant of Africa becoming a top five nation in the world in a relatively short span of time when or before things start clicking on all cylinders.
Nigerians zeal, hustle, and intelligence is second to none on the planet.

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mrvitalis:
Oga more than 60% of peoples can ...they just don't trust the government enough

Even if they can, can their tax generate £1b a year? The answer is no.

What Anambra needs is to Borrow from China or make it self a tax haven like the Bahamas for foreign investors to invade.

Taxing thr citizens wont garner £1billion

johnkey:
maybe they should start printing more notes

You want Zimbabwe to occur?

nijabazaar:
Even if they can, can their tax generate £1b a year? The answer is no.

What Anambra needs is to Borrow from China or make it self a tax haven like the Bahamas for foreign investors to invade.

Taxing thr citizens wont garner £1billion

It would generate over 2 billion dollars from my calculations that's over 1.6 billion pounds

The thing about Nigerian government is that they want us to pay more for a perceived development. They should first develop, then ask us to pay more and we will gladly pay