helinues:
Apart from oil,which other natural resources have we explored?

Even the oil,how many have we detected?

Nigeria is fuckingly rich just that we had/have slowpokes in the helm of affairs

chillex8:
Nigeria’s problem is over population.
I have always maintained this stand.

kikero:


Mind, it isn't just exploring oil

1.We have to use our available resources to build our industrial capacity.

2.Exploiting raw materials and selling them won't help much. We don;t control the prices of most commodities, meaning when prices fall, our economy will still be vulnerable.(and if we start exporting them enmasse, prices will fall, because glut)

3.Again, to be prosperous, we have to take the long road to becoming an industrial nation. It is our only hope of being rich enough.

4.And the only way to make billions from agriculture is by large scale mechanized farming, not subsistence farming.

chillex8:
Nigeria’s problem is over population.
I have always maintained this stand.

helinues:


Nigeria is fuckingly rich just that we had/have slowpokes in the helm of affairs

helinues:


No creativity.. always regurgitating their old trash.

So you have switched moniker as if na bank account you dey switch to?

kikero:
So, this morning, I have been thinking a lot about Nigeria, and palliatives.

A lot of videos have been posted online recently showing Nigerians showing their stimulus packages, and cursing the Nigerian government for being so evil as to give their people nothing, and naturally, a lot of people will curse the Nigerian government, and blame our 'corrupt leaders'

Well, the problem is, corruption aside, we are not a rich country.

Our budget for this year was $26 billion dollars....based on oil being at $50 per barrel (which is not going to happen now). Our reserves stands at $34billion dollars. Excess crude account is a few billion dollars.

Our budget, as it stands can only pay Nigerians a stimulus package of N50000 each, assuming each and every one of the 200 million people gets a cheque of N50000, for a month.

Meanwhile, Canada, where most of us, including me, want to run to, has a budget of $355billion. For 34 million people.

The truth is, we are not a rich country. Rich countries do not rely on one source of income, they rely on diversified sources of income. Here in Nigeria, our economic development has always been based on what raw materials we sell. Yesterday it was agriculture, today it is oil.

And we use the revenue of what we export to import stuff at a value greater than what we export. And we then act surprised when we have to start taking loans.

Look, if we stopped looting, and WE MUST STOP LOOTING.....that still leaves us with the fact that our budget is 26billion dollars...which is far less than the budget deficit of the state of Mississippi, USA.(Which by the way is one of the US's poorest states).

Even if we did not vote for Buhari, and God knows I wish we did not vote for him, or the PDP...but for a party led by technocrats...there is the fact that we are not earning a budget enough to take care of 200million people.

Let's face facts. Our country cannot pay palliatives for 200million Nigerians. That they are paying some people some money is even a miracle....especially when they have to take loans to make up the resulting deficit.

Nigeria must become an industrial nation. We must vote for a leadership that will take us there. It is our only hope. We cannot remain hooked to oil forever.

P.S Just to emphasize....if we gave Nigerians , all Nigerians 20000 naira, our entire budget for the year would be depleted in three months. Where do we get money to pay salaries, etc when this crisis is over.

helinues:
Apart from oil,which other natural resources have we explored?

Even the oil,how many have we detected?

Nigeria is fuckingly rich just that we had/have slowpokes in the helm of affairs

chillex8:
Nigeria’s problem is over population.
I have always maintained this stand.

helinues:


Nigeria is fuckingly rich just that we had/have slowpokes in the helm of affairs

bigiyaro:
OP, you are as myopic as Nigerian leaders, did you know that davido's dad just bought a jet of 64 million dollars before this lockdown shit started? if someone that can afford a 64mil dollars pays his personal income tax regularly in naija, it will go a very long way, you see all those people contributing billions , their taxes no be joke, Nigeria can pay each citizen above 18 years of age the sum of 250k without any wahala.

joyandfaith:



Nigeria is neither poor nor rich nation. there is maldistribution of wealth. people are being paid for doing nothing while those working are getting nothing. There is too much disparity in salaries between states and FG as well as across MDAs.

Trillions of naira are idle in private accounts. These funds are made available during elections to bribe voters There are also unclaimed funds in banks due to death of account owners and banks are not helping next of kins to get those money.There are fewer genuine investors in Nigeria. Most investors are feeding on government pulse. Even people that are doing business with government are over-inflating the contracts.

bigiyaro:
OP, you are as myopic as Nigerian leaders, did you know that davido's dad just bought a jet of 64 million dollars before this lockdown shit started? if someone that can afford a 64mil dollars pays his personal income tax regularly in naija, it will go a very long way, you see all those people contributing billions , their taxes no be joke, Nigeria can pay each citizen above 18 years of age the sum of 250k without any wahala.

mrvitalis:

It's funny how your type want Nigeria to develop when you think like this

So without natural resources Nigeria can't grow ?

kikero:


China and Japan are overpopulated, but they used their population to their advantage....by making them more productive via investment in industries and in investing in technical and vocational education.

In Nigeria, we all go to school to get a universtiy degree, and compete when we graduate for limited civil service jobs, and when we can't get the job, we run off to developed countries who have invested in their industrial development, and have job surplus as a result to work there, and develop their industries.

sassysure:

Why won't u run to developed countries when govt will rather employ out of man know man than merit more than 80% of the time?
Why won't they run away when, they are overworked yet underpaid especially those in health.
What about engineers, they are in office, doing what exactly?

Just leave ordinary Nigerians alone and face your govt.

helinues:


So that we can continue borrowing.

Some of you people would be a worst class rep

helinues:


So that we can continue borrowing.

Some of you people would be a worst class rep

kikero:
So, this morning, I have been thinking a lot about Nigeria, and palliatives.

A lot of videos have been posted online recently showing Nigerians showing their stimulus packages, and cursing the Nigerian government for being so evil as to give their people nothing, and naturally, a lot of people will curse the Nigerian government, and blame our 'corrupt leaders'

Well, the problem is, corruption aside, we are not a rich country.

Our budget for this year was $26 billion dollars....based on oil being at $50 per barrel (which is not going to happen now). Our reserves stands at $34billion dollars. Excess crude account is a few billion dollars.

Our budget, as it stands can only pay Nigerians a stimulus package of N50000 each, assuming each and every one of the 200 million people gets a cheque of N50000, for a month.

Meanwhile, Canada, where most of us, including me, want to run to, has a budget of $355billion. For 34 million people.

The truth is, we are not a rich country. Rich countries do not rely on one source of income, they rely on diversified sources of income. Here in Nigeria, our economic development has always been based on what raw materials we sell. Yesterday it was agriculture, today it is oil.

And we use the revenue of what we export to import stuff at a value greater than what we export. And we then act surprised when we have to start taking loans.

Look, if we stopped looting, and WE MUST STOP LOOTING.....that still leaves us with the fact that our budget is 26billion dollars...which is far less than the budget deficit of the state of Mississippi, USA.(Which by the way is one of the US's poorest states).

Even if we did not vote for Buhari, and God knows I wish we did not vote for him, or the PDP...but for a party led by technocrats...there is the fact that we are not earning a budget enough to take care of 200million people.

Let's face facts. Our country cannot pay palliatives for 200million Nigerians. That they are paying some people some money is even a miracle....especially when they have to take loans to make up the resulting deficit.

Nigeria must become an industrial nation. We must vote for a leadership that will take us there. It is our only hope. We cannot remain hooked to oil forever.

P.S Just to emphasize....if we gave Nigerians , all Nigerians 20000 naira, our entire budget for the year would be depleted in three months. Where do we get money to pay salaries, etc when this crisis is over.

helinues:


Nigeria is fuckingly rich just that we had/have slowpokes in the helm of affairs