₦airaland Forum

mrvitalis:
This is absolutely correct ...I see no reason why Lagos would get and other states won't

Your house is on fire. But your neighbor demands fire department hose down their own house too. Because all houses matter.

Even the bible talk am

Matthew 13.12

Gov Wike have a point in the sense that other states are on lockdown too and it’s citizens still need to be taken care of too like sharing food stuffs to them

Whosoever wants to know why my state is more important than Lagos should kindly ask Buhari and his economic team why they had to reverse his budget downwards on two occasions in less than 3 weeks as oil prices dropped. When you are done asking come back and tell me how important Lagos is and how she earns her revenue.

In the meantime let me repeat what Wike said to some citizens of his state, " ntor", "ntor", "ntor"....

The Wile that he take development to only section of state and heaven will not fall is now crying wolf because people have given him a portion of his medicine!

First to do no dey pain!
"Ntor"....Go to Lagos take the money.

the river state is not serious at all it because of federal Govt money they short down
you guys are yet to see something
your people will die in hunger how many northern state are short down?
are they not been quietly given cash? but you were ask to short down churches for you to get support from federal govt and you run with the instruction
i pity you guys oh

pasol4real:
Lagos would be absolutely nothing without the money from oil coming from the eastern region

Are you drunk which East ?Abia or Ebonyi or IMO
Ondo have crude oil than any state in south East
Only south south which is only 4 state hv crude oil in commercial quantity and Lagos Airport and seaport generate revenue more that all south south combine.
Remove south East when it comes to revenue contribution

0m0nnakoda:
Rivers state does not produce the greatest part of the nations wealth



Oil @ $100 X 2million barrels a day X 365 days a year =$73 billion

Lagos state has a GDP of $ 136 billion

NIGERIA has a GDP of $380 billion

Now Rivers state does not produce most of Nigeria's oil and oil is very far from $100

People need to wake up and stop parroting the same tired rubbish.

Lagos is positioned for the future, oil is the past

Your head is there �

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Jostoman:
are you living in Cameroon?

Emmasnoop:
Oko, you just come back from CHINA abi.

Send me a link from a reputable source that directly supports Wike's allegation.

GermanMelania:
Your house is on fire. But your neighbor demands fire department hose down their own house too. Because all houses matter.

And this analogy match with the situation ?

Everystate is in need to prevent of fight this virus
Lagos as a result of hosting the airport n sea port host many industry and such gain from VAT ....so why then using the federation money owned buy all the states that needs this money to give only Lagos

'No state should be superior' yet a state like Bayelsa collects more allocation than Lagos sef.

Lagos should be afforded a special status.

'No state should be superior' yet a state like Bayelsa collects more allocation than Lagos sef.

Lagos should be afforded a special status.
almost 60% of VAT in Nigeria is being generated from Lagos yet she still has to share it almost equally with 35 other States.

Wike and jealousy! Lagos and rivers no be mate in all ramifications. Lagos Is California of Nigeria, the richest state by far. Lagos is richer than most countries in west africa.

some of these our governors are babies, the anambra governor with no case in his state started this nonsense

anonimi:
Does your bigoted father know the IGR of Lagos and how much the inherited federal infrastructure contributes to that


www.nairaland.com/attachments/10234487_10181972e90fb5a3d0d143c19c02ca7d73fda668jpegjpeg590a6f262dd6a2317b37188541c53266_jpeg25189c1d01b1e9e35ef20c2208553451

Calabar was once a Capital too.

festacman:
Gov. Wike, becareful what you ask for. No take oju okokoro bring bad luck to River State.

I bet Gov. Sanwolu would prefer to even give him and his Rivers State N10 billion of Lagos money than being under the present pressure and apprehension about potential spread of COVID-19 similar to New York.

Cry cry baby, baby no dey shame!

Most PDP governors are more interested in the money and careless on how to curtail the virus.

thought they said this dude graduated? he talk like Agbero most time. I wonder why elected Governor will be so straight without iota of public chose of words in his press


you're indirectly wishing Rivers people bad for requesting for money that will end up in your pocket. do you want the cases to rise in your state?

Why would a governor said this. Do you pray for your state to have corona virus at such rate like Lagos. The money is given to Lagos to fight the battle not to spread to other state and you are politicizing the issue. Na wah for this governor ooo

AtikuNetwork:
Compare the number of cases in Lagos (which is the epicentre of the outbreak) to other states, maybe then you will 'see' reason. If it goes out of control in Lagos, nowhere else in Nigeria would be spared.

na true sha

huptin:
The GDP growth rate was at 4% not 2% by the time Buhari came to power, lets even assume that it was 2%, Obasanjo met a foreign reserve of just about $5bn dollar with a massive debt of about $34Bn and oil was selling @$9 per barrel yet the economy never went into recession, instead it grew, Buhari met N30bn in foreign reserve, debt of about $12Bn and oil was selling circa $30 yet within 6 months the economy went into recession, pray tell me if not Buhari's incompetence what else could be responsible for that, especially considering that the first time the same Buhari became Head of state the nation's economy entered a recession at about the same time as it did during his second coming?

You cant compare apples and oranges please. No doubt, OBJ was a far far better economic manager, but 1999 was not the same thing as 2015. In 1999, a man could have lived comfortably off a salary of 20k, but it isn't the same thing as today. Nigeria may have had a forex reserve of $5bn in 1999, but that amount is almost equivalent to $50bn of today considering the sharp increase in forex demand over the last 20 years (Nigeria's forex demand today is roughly more than 10 times what it was in 1999)...

In 1999, Nigeria wasn't importing all of its petroleum products, which is currently the biggest drain on our fx today. In 1999, how many ordinary Nigerians were going overseas for studies or medicare compared to today (these thing consume forex)? How many people were buying things off Alibaba, Ebay and other foreign market places? How many Nigerians were into foreign online or importation businesses requiring forex? We didnt even have internet banking in Nigeria back in 1999, let alone the visa or mastercards which everyone has in their pockets today. In 1999, Nigeria could literally almost survive with a closed border and zero forex because we largely grew our own food, produced our fabric, refined our fuel etc; but today, even the most basic food items like rice, medicines, petrol, paper, polythene bags, basic fabrics, handekerchiefs etc. we import all of it. But you expect the $5bn reserve of 1999 to be equivalent to what it is today?

If OBJ was president in 2015, when oil prices took a sharp dip, and when the savings in reserves were dangerously low (in relation to the fx demand of the time), Nigeria would have also gone into that same recession. Only difference is that an OBJ may have handled it more efficiently and it wouldn't have lasted that long. Contrary to your claim on 4%, the gdp growth rate as at Q2 2015 (when PDP left) was 2.4%; Yes, following the oil price crash which began in late 2014, the much touted gdp growth rate of 7% crashed to 2.4% before Buhari came to power (you can easily google and verify that). Now may I remind you that this was under the watch of a powerful NOI (who also worked with OBJ), and guess what? oil prices were still over $60/barrel and $10bn was spent from the reserves (between Sept 2014 and May 2015) to support the economy, but yet exchange rate still crashed from N160 to N230, gdp rate crashed also to 2.4%. With a forex reserve of $28.6bn (exact figure as at May 29th, 2015), and with no more room to take money from reserves to support the economy and with oil prices still progressively crashing further to $28, what magic did you expect a 'dull' Buhari to do then? It's very easy for humans to loosely commit the fallacy 'post-hoc ergo propter hoc' (i.e. "Pmb became president, then recession came; so therefore, recession came because pmb became president). But we're all educated abeg, let's apply some more analytical thinking instead of just weak political/emotional conclusions. Buhari takes all the blame for not being able to have done wonders after 5 years, but saying recession of 2016 was caused by him is just a weak analogy (which majority of Nigerians are guilty of).

0m0nnakoda:
Rivers state does not produce the greatest part of the nations wealth



Oil @ $100 X 2million barrels a day X 365 days a year =$73 billion

Lagos state has a GDP of $ 136 billion

NIGERIA has a GDP of $380 billion

Now Rivers state does not produce most of Nigeria's oil and oil is very far from $100

People need to wake up and stop parroting the same tired rubbish.

Lagos is positioned for the future, oil is the past

Simple, if Lagos is that rich they should bailout Buhari's government. The GDP figure you for Lagos is exaggerated. If Lagos was strong, it reflect in the revenue that state generates. You failed also include the revenue Lagos generates because you know there is NONE!

Oil and gas accounts more than 80 percent of revenue, 90 percent foreign exchange earnings is from oil and gas. Even the industrial sector of Nigeria is heavily dependent on regions outside the south West so what does have to arrive at the figures you are claiming?

If Lagos is as important as you claimed, why is the Lagos crowd always nervous about the success or growth of other areas in the South?

Clothingonline9:
Are you drunk which East ?Abia or Ebonyi or IMO
Ondo have crude oil than any state in south East
Only south south which is only 4 state hv crude oil in commercial quantity and Lagos Airport and seaport generate revenue more that all south south combine.
Remove south East when it comes to revenue contribution

Its clear u are a learner
Most of what you typed are very very laughable
There’s nothing like the south east or ss it is the eastern region , and that is the region responsible for 85% of Nigeria’s revenue. Go ask because I know u lack knowledge the seaports n airports in Lagos are negligible in terms of revenue to the federal government.

Truthfully, After this pandemic sanwo olu need to be accountable on how he spent the fund donated to Lagos to contain this virus.

mrvitalis:
This is absolutely correct ...I see no reason why Lagos would get and other states won't

Lagos is an epicenter of this Pandemic. wtf do u expect.

0m0nnakoda:
Mind44,lalasticlala

Why am I being called a goat ?

Is that because of coronavirus

lol yes.

mrvitalis:
This is absolutely correct ...I see no reason why Lagos would get and other states won't

Kindly sue uba and other NGO for donating for Lagos why leaving other states.

PHijo:
Simple, if Lagos is that rich they should bailout Buhari's government. The GDP figure you for Lagos is exaggerated. If Lagos was strong, it reflect in the revenue that state generates. You failed also include the revenue Lagos generates because you know there is NONE!

Oil and gas accounts more than 80 percent of revenue, 90 percent foreign exchange earnings is from oil and gas. Even the industrial sector of Nigeria is heavily dependent on regions outside the south West so what does have to arrive at the figures you are claiming?

If Lagos is as important as you claimed, why is the Lagos crowd always nervous about the success or growth of other areas in the South?

How much is oil revenue I gave a very simple calculation.

If you disagree refute it with you own figures

Last year Nigeria generated 1.2 trillion from VAT
https://economicconfidential.com/2020/02/nigeria-generated-n1-17trn-vat-2019/

And

More than half of that was from Lagos

That is JUST VAT

we haven't talked of Money from the ports,Customs and company tax


This is not about emotions but facts and figures


If you have contrary facts share them

Wike is mad!!! Is it not the same type of polithief he is playing in rivers state? Telling one tribe that he will not build them Bridges but would build 10 more for his own tribe. Telling them Ntoorr, Ntooor, he has not even started? Yeye dey smell.

If not for the love of God I would have wished him evil in this covid19 season. One day I will make a list of these thieves and table their matter for justice from the most high.

obailala:
You cant compare apples and oranges please. No doubt, OBJ was a far far better economic manager, but 1999 was not the same thing as 2015. In 1999, a man could have lived comfortably off a salary of 20k, but it isn't the same thing as today. Nigeria may have had a forex reserve of $5bn in 1999, but that amount is almost equivalent to $50bn of today considering the sharp increase in forex demand over the last 20 years (Nigeria's forex demand today is roughly more than 10 times what it was in 1999)...

In 1999, Nigeria wasn't importing all of its petroleum products, which is currently the biggest drain on our fx today. In 1999, how many ordinary Nigerians were going overseas for studies or medicare compared to today (these thing consume forex)? How many people were buying things off Alibaba, Ebay and other foreign market places? How many Nigerians were into foreign online or importation businesses requiring forex? We didnt even have internet banking in Nigeria back in 1999, let alone the visa or mastercards which everyone has in their pockets today. In 1999, Nigeria could literally almost survive with a closed border and zero forex because we largely grew our own food, produced our fabric, refined our fuel etc; but today, even the most basic food items like rice, medicines, petrol, paper, polythene bags, basic fabrics, handekerchiefs etc. we import all of it. But you expect the $5bn reserve of 1999 to be equivalent to what it is today?

If OBJ was president in 2015, when oil prices took a sharp dip, and when the savings in reserves were dangerously low (in relation to the fx demand of the time), Nigeria would have also gone into that same recession. Only difference is that an OBJ may have handled it more efficiently and it wouldn't have lasted that long. Contrary to your claim on 4%, the gdp growth rate as at Q2 2015 (when PDP left) was 2.4%; Yes, following the oil price crash which began in late 2014, the much touted gdp growth rate of 7% crashed to 2.4% before Buhari came to power (you can easily google and verify that). Now may I remind you that this was under the watch of a powerful NOI (who also worked with OBJ), and guess what? oil prices were still over $60/barrel and $10bn was spent from the reserves (between Sept 2014 and May 2015) to support the economy, but yet exchange rate still crashed from N160 to N230, gdp rate crashed also to 2.4%. With a forex reserve of $28.6bn (exact figure as at May 29th, 2015), and with no more room to take money from reserves to support the economy and with oil prices still progressively crashing further to $28, what magic did you expect a 'dull' Buhari to do then? It's very easy for humans to loosely commit the fallacy 'post-hoc ergo propter hoc' (i.e. "Pmb became president, then recession came; so therefore, recession came because pmb became president). But we're all educated abeg, let's apply some more analytical thinking instead of just weak political/emotional conclusions. Buhari takes all the blame for not being able to have done wonders after 5 years, but saying recession of 2016 was caused by him is just a weak analogy (which majority of Nigerians are guilty of).

Ok i am trying to see things more from your own Lens, in 1999 forex demand was relatively low agreed, but i disagree that $5bn will equivalent of $50bn now, year on year inflation rate of the US is less than 2% adjusting for inflation and other metrics the value of $5bn in 1999 should be about $6bn now, the dollar is a relatively stable currency.

But i am happy you agree with me that a more robust management of the economy could have at least minimized the duration of the recession.

Woleett:
These people just be jealous of Lagos no wonder Lagos is like Jerusalem to yam reez and they would rather die there than in their godforsaken redmud poohole. I once witnessed one flatheaded fool giving testimony in church that she is grateful to God for now being a lagosian after relocating from anambla

Your level of bigotry I see very much sucks, but I understand how you afonjas are always intimidated by us the Igbos. Even your Fulani masters are aware of your loud and cowardly nature. But don't worry they aren't doing using you guys yet just a matter of time.

But still if living under brown zinc roofs and having an army of children you can't Carter for make you feels pride then all I can say is good for you.