₦airaland Forum

Abuja

See Road Network

Abuja

Abuja

Abuja

This is how a city should look like

Abuja

It has everything

Abuja

No competition

A beautiful city

Abuja

Abuja

Nice neighborhood

Abuja

A beautiful city

Abuja

Abuja

vankelvin:
Is that how comparisons are done?
Do you also have all what Accra have in Abuja?

What does Accra have that Abuja did not have?

For everything you can list that are present in Accra but not in Abuja, I will list two that are in Abuja but not in Accra.

Saddamochieng00:
Can't seem to find any recent one. Mind dropping a source.

The median income for households led by someone of Nigerian ancestry, for example, was $68,658 in 2018, compared with $61,937 for U.S. households overall.

https://finance.yahoo.com/news/u-could-actually-more-nigerian-133011858.html

Abuja metro system

Saddamochieng00:
Any person who's come across and interacted with Indians will tell you that they're the hardest working group of people you'll ever meet. Add to that their smarts in science, technology and maths and you see why they top every metric.

This is an old survey done in 2015.

The latest one put Nigerian American below the Chinese America and above the Pakistani

Obaderemi2, shaytun, 68816419, GeneralDae2 and anyone else:

Obaderemi2 I can remember you advocating for continuing the subsidy program.

Can you see this?

Just30:
Read again

Ghana spent far above budget

Ghana budgeted 23 billion dollars and ended up spending 25 billion dollars while collecting just 20 billion dollars in revenue

Do you see the deficit now?

At this point I can conclude that arguing with you is just a waste of time.

Cos it seems you reside in an alternate reality

Just30:
Ghana spent far above budget

But you’re not making sense, you had a budget deficit last year.

Your budget is 20.3 billion dollars, how then can you claim to collect a revenue of 20 billion if you have a budget deficit ?

Just30:
Yes total revenue includes everything and that is what I said to you, you fool. No need to repeat the same thing I said to you.

Go and argue with the OECD you inconsistent fool and learn the difference between total tax revenue budgeted and achieved vrs total revenue

All this noise just because Kenya was only able to collect 15.6 billion dollars in revenue?

https://www.ceicdata.com/en/indicator/ghana/tax-revenue--of-gdp

Let the OECD teach you sense

But OECD is saying your total revenue is 10 billion dollars.

The source you posted is contradicting your claim, do you lack comprehension?

Just30:
Yes ...Ghana collected 20 billion last year and will be doing 24 billion this year

You collected 20 billion dollars in tax last year in Ghana?

Your budget for 2022 was 20.3 billion dollars, are you saying Ghana had a balanced budget last year?

Just30:
Russian crude oil.. I didn't say Russian refinery
We have have a refinery to refine their oil..

Nigeria total federal government revenue is the size of that of Ghana, so Nigeria is equivalent to Ghana.

Why will Ghanaian vent anger on Nigerians an for what reason? Weren't Nigerians the same people crying over Ghana border closure and using illegal routes to try and enter Ghana by all means?

Now go and learn

Nigeria is in brown economically

You mean Ghana generate 22 billion dollars in taxes?

Kazikazi:
You mean that is the total tax for the whole nation? Surprisingly, SA collects over 100b with less GDP

Also Nigeria runs a federation, that figure is for the federal government. State and local government are not included

Shaytun:
N9.969 trillion.

https://www.budgetoffice.gov.ng/index.php/fgn-2023-budget-call-circular?task=document.viewdoc&id=1016

Firs collected over 10 trillion naira in taxes for 2022

BluePrincee:
The shareholding structure of the Port is as follows: The Lekki Port Investment Holding Inc. (international consortium) owns 75% (China Harbour Engineering Company Ltd 52.50%, Tolaram 22.5%), the Lagos State Government owns 20% while Nigerian Ports Authority owns 5%.


What kind of math is this? All the percentage put together is supposed to be 100% who wrote this na? This is the more you look the less you see😭😏

Did you go to school at all?

52.5% + 22.5% = 75% ——which is owned by the international consortium comprising of China Harbour Engineering Company Ltd 52.50%, Tolaram 22.5%)

20% —— is owned by the Lagos state government.

5% ——-is owned by the Nigeria port authority

Obaaderemi2:
First of all, establishing an industry is different from building factories.

When Morroco was going to start pulling itself out of poverty, the king and his cabinet focused on certain industries, real estate and textiles were among. Same goes for Bangladesh especially. Nigeria can do same. Not building factories but stimulating capacity in certain industries. The government can create a hub, invite major international players in such industries such as clothing and shoes mass production, and take stakes in such companies through investments arranged through commercial banks or through such sweetness as tax exemptions for a certain period of years. To put up basic facilities for such hubs would cost money but not as high as building a bridge we could ill afford, thereby digging ourselves into debts and still failing to create jobs or grow the economy. With time you'll see how well developed the economy and society would be when such industries take on a life of their own.

Even if you create an enabling environment in a place like Nigeria the private sector would still move slowly because of paucity of funds unless the government stimulate certain industries it has picked with funds.

Let me give you the example of South Korea. The chaebols which later became the big multinationals you see today were all tiny family businesses beforer the Korean war. With American aid and grants after the war the government invested in those companies. Some went into electronics, others into car manufacturing. Samsung was a playing card business until then I think.
The government gave Hyundai money and pushed its owner into building ships which it had never done until then, today it's one of the biggest in that industry.

Or is it the Chinese phone and electronics companies we want to talk about? It is heavily government influenced. Why can't we do similar things in Africa?

I go to places like Osun state and I see shiny new roads and structures that would soon become descrepit with billions wasted while their people are hungry and jobless. Seyi Makinde spent #28bn naira providing street lights in Oyo State powered with diesel. One year after it's hardly functioning. Now imagine if he had spent#14bn creating a food processing and packaging hub in Oyo State. YNorth is a small shoemaking business in Ibadan. The guy's shoes and shirt rival what we import from Italy. Why not create a hub for such people and invest heavily in their businesses. Now the governor has started work on a 110km Ibadan Circular Road.
And we keep complaining about lack of jobs. All the roads Aregberascal built in Osun, how have they stimulated growth of Osun?

Or should I give you the example of Volkswagen which is today Europe's biggest carmaker and how Hitler started it by deducting workers salaries? (Hitler madman)

We don't have the luxury of the American model to follow in Africa. America has a rich private investment culture that Africa and Asia lack. That's why China and Korea didn't follow such models at the initial stage. If Africa is going to rise the government has to be involved in industries, not just trying to create enabling environments and then sitting on their dicks waiting for investors to come. The government's business must be business.

We are making the same salient point here, Stimulating capacity is the same thing as creating enabling environment, Enacting good policy and bailing out distress company, those should be the main focus of the government.

It's the people that establish an industry not the government, look at some of the most successful industry in Nigeria today, Tech and Entertainment, it was the ingenuity of the citizen that led to the success of this industry, there was minimal government involvement. That cloth manufacturing is doing well in morocco does not mean it will do well here in Nigeria.

Once government start playing an active role in building business, just because of the success of such business in other climes, it's a prelude to disaster, that such business succeed in other clime does not mean it will succeed here.

Not all countries will be good in tech, that does not mean such countries will not be good and successful in other stuff, if the government of such countries decide to invest heavily in tech, they will be going against the flow of their people innate creativity, and the industry will never blossom no matter how much money is invested into it.

The success of an industry should be determined by the citizen, let the people venture into business that they think will bring them profit, the government role here is to monitor the rise of such budding industry and help propel it along towards greatness.

The YNorth example you gave, was it not a citizen ingenuity? The best thing Ibadan or Ogun state government could have done is provide access to cheap loan at a very low interest rate to this entrepreneurs, then watch how this entrepreneurs create a successful industry by themselves.

The Chaebol of south korea were the one developing new industries not the government, General park chung hee created new policies centered around "The First Five year Economic plan" , which basically granted the Chaebols unlimited loans from the bank and access to stolen foreign technology at basically no cost. That's what led to the explosive growth of the chaebols. The government didn't create any industry in Korea, the Chaebol did, the Government only provided the blue print. The Government of Korea never invested in the chaebols.

You make a good point by saying the private sector will move slowly because of lack of funds, yes, that's true, lack of funds is the death of ideas, that's why the government need to make available cheap loans at low interest rate to the private sector. All the Successful industry in Nigeria today were created and run by the private sector, all the failed industry in Our country today were created by the Government.

AfriqueDuZuid:
In terms of private sector it does not matter where the investment comes from as long as citizens benefits n economy grows.

Whether black, white, purble green, European, African, asian etc as long as it benefits the country.

Im not for loan for infrastructure like roads, rail.... All countries have capacity to build on their own

Loan is not necessarily a bad thing, all the developed country are heavily indebted, there’s no use shying away from loan while your people languish in poverty

Obaaderemi2:
Roads are important, I agree.
But digging ourselves into so much debt to China to put up sgr services that are not adding much to the economy.

Lee Kwan Yew told the story of a factory he visited in China in the 70s before China became prosperous. The road to the factory was bad, but the factory was doing good production.
When he asked why the government didn't build the road first, the manager told him they had two options: build a road or build a factory. They built the factory knowing fully well that the factory would generate employment, develop the local economy which in turn would be able to produce the Money to build the road. And that's what happened when he returned there years later. Chinese are very smart people and less corrupt than us.

Most of the infrastructure you see in Africa are just showoffs. They're not adding much to the economies. Nigeria at this point should focus more on food production and electricity supply than that sgr project or things like 2nd Niger Bridge. Lagos should be more concerned about clean water supply, cheap housing and the state of the environment than talking about spending billions of borrowed money on a 4th mainland bridge. And what's wrong with Lagos establishing a clothing industry to tap into the USA AGOA opportunity? This is something that can create employment and increase igr.

Let me show you an example of a disastrous policy.

https://www.africanews.com/amp/2022/12/29/zimbabwe-bans-all-lithium-exports/

Zimbabwe lithium ban, if you look at this policy, you might think it’s a good policy geared towards uplifting the Zimbabweans, anybody that want to mine lithium in Zimbabwe should first build a battery factory here.

But that policy is a disastrous one.

Zimbabwe does not have such a large lithium reserve to offset the cost benefit of such policies to international company, they will just move to other South American countries with larger lithium reserve.

The Zimbabwe government know this, so such policy will only benefit the elite, a big man" in the country is trying to monopolise it buying it cheap from the govt ,while selling it at Int'l recognised price or even getting it for free.

Look at what’s happening already, a Mnangagwa is already benefiting from the policy and not the people of Zimbabwe.


https://miningzimbabwe.com/3-trucks-smuggling-lithium-detained-at-the-beitbridge-border/

AfriqueDuZuid:
Correct

The problem with most African countries is that the government are not people oriented.

The government are there to keep the elite in power and make sure they don’t go poor.

That’s why they keep making disastrous policy

Obaaderemi2:
Roads are important, I agree.
But digging ourselves into so much debt to China to put up sgr services that are not adding much to the economy.

Lee Kwan Yew told the story of a factory he visited in China in the 70s before China became prosperous. The road to the factory was bad, but the factory was doing good production.
When he asked why the government didn't build the road first, the manager told him they had two options: build a road or build a factory. They built the factory knowing fully well that the factory would generate employment, develop the local economy which in turn would be able to produce the Money to build the road. And that's what happened when he returned there years later. Chinese are very smart people and less corrupt than us.

Most of the infrastructure you see in Africa are just showoffs. They're not adding much to the economies. Nigeria at this point should focus more on food production and electricity supply than that sgr project or things like 2nd Niger Bridge. Lagos should be more concerned about clean water supply, cheap housing and the state of the environment than talking about spending billions of borrowed money on a 4th mainland bridge. And what's wrong with Lagos establishing a clothing industry to tap into the USA AGOA opportunity? This is something that can create employment and increase igr.

The issue of building factory’s and stimulating the production economy should be left to the private sector.

Government have no business building factories.

Government role is to create an enabling environment, when you have an enabling environment, private sector will blossom , it’s the law of the universe.

Government need to build those roads, they need to build that rail, they need to solve the electricity issue and ensure security of lives.

They need to do away with contradicting policies.

The rest will fall into place, the revolution in the telecommunications and banking sector was not because the government invested into it, it was because they made the right policies and everything else follows. The private sector will pick up the slack, Nigeria 200 million population is a huge market be it for production or consumption, let the government create an enabling environment and watch a renaissance happen to the economy.

Obaaderemi2:
Africa is not doing well at all. North Africa is an exception of some sort because of their proximity to Europe. The Sahara desert that cut subsaharan Africa off from the developed world of the middle ages did Africa a lot of harm.

This year 2023 might even be tougher for Africa if we don't put great energy into planning and action concerning our economies. We are saddled with debt with little production, Kenya for example.

We spent massively on shiny infrastructure just to look good without paying attention to the economy. We forget that as important as infrastructure is, compared to the real economy infrastructure is just the window shop item while the economy is the real weapon behind the counter.

Education, environment and economic growth are three areas we need to seriously focus on if we want to dig Africa out of the whole it has put itself into.

But we can’t stimulate the economy now without building infrastructure now can we?

Infrastructure is important, without good roads , we can’t open up our economy for expansion.

Obaaderemi2:
Something is wrong somewhere, my friend.
I give up.
Shaytun and the rest, good luck to you.

Not me,

There’s a limit to the kind of dense conversation I can take.

I can’t keep conversing with someone that stupi**d

Just30:
Ain't they repeating the same nonsense you've plastered all around the internet?

Even Ghanaians don't claim TV station ZOY was the first in Africa in 1935 because we presume there may have been others around that time

I give up, you can continue believing whatever version of history suit you

Just30:
Ghana already had this ... You you can go and argue with the documented history

What documented history?

Post the link here let me read.