₦airaland Forum

lereinter:
Please what are you driving towards?

Equal development with Lagos, which development is in Lagos that made it better

Is it faac allocation use that made lagos viable

This your statement is an hypocrite tribalism comments

Lagos, with a population of 20 million, gets an FAAC allocation of N21 billion. Delta gets N38, and Akwa Ibom get N30 billion. Akwa Ibom is constructing an 18-storey building in Lagos state despite getting approval to build the Ibom deepsea port in 2020. Lagos has built Lekki Deepsea Port, and Akwa Ibom is constructing skyscrapers in Lagos. The problem in the SS is their useless leaders.

Delta, Akwa Ibom, Rivers Lead as 36 States Received N1.51tn Allocation in First Half 2023
https://www.arise.tv/delta-akwa-ibom-rivers-lead-as-36-states-received-n1-51tn-allocation-in-first-half-2023/

nwirinedu:
You know the answers to these questions, there is nothing like a private sea port, you need the central governments permission and support for it to succeed.

The Senate President is Akpabio, former governor of Akwa Ibom, the builder of an unprofitable stadium and yet the new governor of Akwa Ibom is constructing an 18-storey building in Lagos.

The uselessness of the SS leadership is shocking, if the Western leadership was this hopeless the gains of having Lagos as the former FCT would have been a liability.

Akwa Ibom is spending its limited resources to build an 18-storey building in Lagos; where is the logic in his decision? Akwa Ibom has been sitting on a plan to construct a deepsea port for 20 years with no action. A deepsea port in Akwa Ibom will attract investment and create jobs.

The Akwa Ibom State Government has initiated the construction of an 18-storey Ibom Towers at Plot 868A, Bishop Aboyade Cole, Victoria Island, Lagos, as part of its commitment to economic diversification.

The project, expected to be completed within 24 months, aims to boost revenue, create jobs for both Akwa Ibom and Lagos, and support economic growth by attracting investment and strengthening ties from its strategic location in central Victoria Island.

The groundbreaking ceremony, led by Lagos State Governor Babajide Sanwo-Olu on Wednesday, October 30, attracted high-profile figures, including former Akwa Ibom Governors Udom Emmanuel and Obong Victor Attah, along with other dignitaries.

https://nairametrics.com/2024/10/31/akwa-ibom-govt-flags-off-18-storey-ibom-towers-in-victoria-island-for-economic-diversification/#:~:text=Estate%20and%20Construction-,Akwa%20Ibom%20govt%20flags%20off%2018%2Dstorey%20Ibom%20Towers,Victoria%20Island%20for%20economic%20diversification&text=The%20Akwa%20Ibom%20State%20Government,its%20commitment%20to%20economic%20diversification.

SonOfDSoil01:
don’t mind those kids, when they want to hide the failures of the governors they elect in their shitty region they bring up that stale and watery excuse

After 35yrs of it former status as FCT ask them if no development have taken place since then, yet some of the oil producing state collect more money monthly from Abuja.

The governor of Delta state wasted billions supporting Atiku and the PDP campaign in the 2023 election, funds that could have been invested in developing Warri seaport or even buying out the Warri Refinery.

Akwa Ibom is spending its limited resources to build an 18-storey building in Lagos; where is the logic in his decision? Akwa Ibom has been sitting on a plan to construct a deepsea port for 20 years with no action. A deepsea port in Akwa Ibom will attract investment and create jobs.

The Akwa Ibom State Government has initiated the construction of an 18-storey Ibom Towers at Plot 868A, Bishop Aboyade Cole, Victoria Island, Lagos, as part of its commitment to economic diversification.

The project, expected to be completed within 24 months, aims to boost revenue, create jobs for both Akwa Ibom and Lagos, and support economic growth by attracting investment and strengthening ties from its strategic location in central Victoria Island.

The groundbreaking ceremony, led by Lagos State Governor Babajide Sanwo-Olu on Wednesday, October 30, attracted high-profile figures, including former Akwa Ibom Governors Udom Emmanuel and Obong Victor Attah, along with other dignitaries.

https://nairametrics.com/2024/10/31/akwa-ibom-govt-flags-off-18-storey-ibom-towers-in-victoria-island-for-economic-diversification/#:~:text=Estate%20and%20Construction-,Akwa%20Ibom%20govt%20flags%20off%2018%2Dstorey%20Ibom%20Towers,Victoria%20Island%20for%20economic%20diversification&text=The%20Akwa%20Ibom%20State%20Government,its%20commitment%20to%20economic%20diversification.

Kobojunkie:
The cost of drilling a barrel of oil in Nigeria is between $25 and $48 per barrel, depending on a number of factors, including insecurity, investment, and production location. It is among, if not, the highest globally!
https://punchng.com/nigerias-48-per-barrel-oil-production-cost-global-highest-faleke/

It's cheaper to produce crude oil locally in Nigeria for processing than to import crude oil from the USA and Brazil at $80 per barrel.

Even Dangote agreed with my point. If you extract crude oil at $48 per barrel and refine it into PMS, it's cheaper than importing it at $80 per barrel and refining the oil.

https://punchng.com/dangote-crude-oil-production-begins-2025-official/

Amid feedstock challenges, the Dangote Group, owners of the Dangote Petroleum Refinery, will commence crude oil production in the first quarter of next year.

A senior official of the $20bn Lekki-based refinery confirmed this on Saturday while reacting to an earlier report by S&P Global Commodity Insights.

“Yes, I saw the S&P report; our company is truly going to start crude oil production to support the refinery, but it is going to start in the first quarter of 2025,” the impeccable Dangote refinery source, who spoke to one of our correspondents in confidence due to lack of authorisation to speak on the matter, stated.

The official noted that development would further ensure crude oil supply to the plant, stressing that efforts were ongoing to achieve this based on the target date.

Years ago, development was schools, hospitals, waterworks, sewage systems, and industrial estates. Mow its flyover and bridges

Dangote got it wrong. He should have first developed his oil field before he completed his refinery.

However, the Publicity Secretary of Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, Dr Joseph Obele, said Dangote petrol might be higher because the refinery was processing imported crude oil.

The opposition parties should be raising these issues in the NASS. The lack of opposition parties is the reason why Tinubu is not being checked

CodeTemplarr:
Local production is down yet they expect the people not to seek imports and at same time, submit their dollar and forex to govt to keep Nigeria as one.
Food. Clothes, Pharmaceuticals. Machines. Name it. Local production has suffered under this govt.

Nigeria imports all the basic raw materials it needs to produce stuff. Imagine being the largest cassava producer in the world, yet the country is importing glucose and cassava starch.

Nigeria has over 1 million refinery capacity and still imports refined products. The country is fixated on imports due to the country's dependency on crude oil exports.

Tolu2024:
When PO was shouting from consumption to production illiterate people called him a fool .

Shouting is different from doing!

PO's entire business empire is based on importing; he even worked for the Abacha's Apapa task force to clear the port for more imports.

JASONjnr:
We should stop giving excuses over voting incompetent leaders.

We've had good economy overtime even while depending on import goods for the country.

Tinubu is very ignorant of his economic policies and I don't hink he's consulting anyone. He's just dishing the stupid policies out and inflicting suffering from all angles.

No country can depend on imports if it only has one export earning(CrudeOil);

Nigeria was doomed to economic collapse due to increased debt profile and imports.

Imports only work if a country imports products that can be integrated into productive industries for export. Vietnam imports semiconductors to produce computers and refrigerators for export.

Edun is right import and the unproductive informal economy indicate that there is no prospect of economic growth

KOMBE:
A nation that has been destroyed by tribalism and bigotry will never move forward. Okupe as an ex convict is also hoping to get pardon from Tinubu

An ex-convict who was Peter Obi's leading supporter in the LP. This is one of PO's major flaws; he surrounds himself with corrupt political elites to remain relevant.

nwirinedu:
You know the answers to these questions, there is nothing like a private sea port, you need the central governments permission and support for it to succeed.

So why can't the other regions get permission?

=

nwirinedu:
Are they allowed to operate their seaports like Lagos, decades ago a former governor of cross river state tried to do activate the seaport in the state he was frustrated by the FG and the Lagos crew.
Stop spewing thrash, the inability of the states you mentioned to activate their seaports was systemic. They simply prevented from developing their seaports.

Lagos has just built a new deepsea port called Lekki Deepsea.

A private business owns Warri Port, and Awka IBOM launched a private deepsea port that has still failed to generate funds for development. GEJ was president for 6 years; why didn't he empower sea port development in Bayelsa state?

Always look for excuses instead of holding your governors to account. Wike is presently blocking funds for the Fubara government who do you blame.

LZAA:
Actually it was 91
Also regarding the ports isn't there something like exclusive list?
You know the same one that was the cause of the east not having a full international airport until recently?
Same as regards to ports as well
The rest i agree with because the allocation to the riverine areas is massive

Some regions have advantages, but nothing stops the other regions from exploiting their large human, agricultural and mineral resources to become self-reliant and developed.

Lagos is not going away, and the SW via Awolowo has been brilliant in integrating Lagos into their regional economy, but the enormous resources in the SS should be doing better than complaining. GEJ was the president of Nigeria for 6 year and fail to build a deepsea port in the entire SS.

lereinter:
Half fact



Lagos is former Federal capital, federal seaport and airport

Rivers, Akwa Ibom Calabar, and Warri all have seaports and airports, yet we haven't seen equal development. The South-South states get the most FAAC allocation n and still have nothing to show for it. Lagos was the last capital in. 1989, 35 years ago.

BadBradley:
the truth of this misconception is that Delta, Akwa-Ibom, Calabar and Bayelsa should survive more than Lagos if Nigeria will give states their resources and not have them depend on Feferal allocations.

The oil multinational companies paying Lagos heavy taxes should be in the Niger Delta states where their operators are based and Lagos Seaport is no different from Port Harcourt, Warri, Calabe etc.

Lagos state is an artificial creation of Nigerian government and federal monopoly.

Lagos state has a population of 20 million people buying, selling, and producing. Lagos and the River are prosperous not due to the oil tax but because of the infrastructures that support commerce, such as refineries, ports, shops, banks, and other productive activities.

WeddingParol:
As much as I don't have issue with improving IGR but how effectively have we addressed the leakages in the collection processes and in holding the government particularly the state and local government/LCDA
accountable in the judicious utilisation of the funds?

It is outright evil to continually tax the already impoverished populace to fund the flamboyant and wasteful lifestyle of politicians and civil servants.

Goto Oshodi, Abakpa, Lafenwa, Ogbuete, Igbudu , Mararaba, Headbridge among others and see what some traders sells, items less than 10k in total and these sets of people are still forced to pay an average of N500 - N1000 per day in the name of IGR.

Note: I am not againt improved IGR but it should not cost the blood of the people particularly the already impoverished ones.

Even unemployed people in UK pay a small tax against their benefit.

Nigerians want good government for free?

Bestmanfornow:
How ?

The state requires productive investment and infrastructure, starting with a local electric power plant, roads, rails, Data Centre, Clean water etc. Let the private sector build fun city.

ElSudani:
I agree, since there are willing buyers from overseas he should export everything and let the greedy importers source their own foreign exchange to import and sell at a loss without the corruption ridden goverment subsidy.
Some Nigerians are extremely unreasonable and greedy.

If the retailers want to import, they must meet Europe E10 or E5 standards. Nigeria must not accept low-grade imports

VULCAN:
It's very noticeable how you skipped Democracy from 1999-2015 and went back to the 60s & 70s.

I don't know whether that was an oversight or you are playing a fast one

Obj is comfortable with his Yoruba kinsmen yet he had a very good spread of appointments, same as Yaradua.

Goodluck too was a local man who was previously surrounded by only Bayelsa people but when he became President he spread the love.

The only thing that set him apart from the previous two is that due to cowardice he gave much more spots to the North than any other region.

A decision which cost him in the end.

But that was to be expected as he is a weak man

Instead of you to note that APC has taken us back to entrenched tribal politics as seen in appointments by Buhari and Tpain, you are talking off point

I am not interested in the APC vs PDP debate because PDP leaders have profound political and economic flaws.

You are correct in your assessment that the PDP had a better spread of diversity in government. Still, they were equally corrupt and incompetent and, in my opinion, would have ended up the same way as the APC Tinubu / Buhari because they never instituted policies to support local industrialisation (Electricity, Petrochemical, Refineries, Steel, and Pharmaceutical development were nonexistent).

Without industrial development and political reform, the next stage was borrowing to fund imports and printing the Naira to stay relevant in government. Iwealla could not deliver any new policy under the weak and compromised GEJ.

PDP had 16 years to implement political reform and industrialisation, and they failed

Their failure to reform the political landscape opened the gate for corrupt and incompetent opportunists like Tinubu and Buhari.

I would rather have a government based on merit than diversity. Tinubu's government is built on political survival and self-interest. The man won only 8.9 million votes in a register of 97 million electorates; 67% of Tinubu's support came from the North. The crook didn't even win in Lagos and Abuja.

We should ask where is NASS's opposition government is to challenge this illegitimate government. There are more representatives from LP, PDP, NNPP, SDP, and APGA in the House of Assembly, and the opposition controls more states at the subnational level; finally, the Senate ratio of APC is 59: Opposition 50.

Democracy is about being firm in opposition. In 2016, the Saraki-led Senate blocked all Buhari attempts to borrow and steal funds. Had Atiku step down for a more competent political leaders maybe Buhari wouldn't have won in 2019.

NLCreator:
https://saharareporters.com/2024/10/28/exclusive-how-president-tinubu-marginalised-other-ethnic-nationalities-favour-yoruba-key

This useless article shows that Tinubu favours his close circle of friends who happen to be of Yoruba descent. The majority of Yoruba's are suffering (Ebi Pa Wa) to the point that I am afraid to open my WhatAPP page due to begging.

The truth of the matter is Nigeria's ethnic diversity is a weakness; Nigerians are more comfortable with their ethnic group. Buhari government had a majority Fulani, Tinubu majority Yoruba, Shagari majority Fulani, and the NPC/NCNC government was dominated by Igbo NCNC members. Nigeria should return to the regional system of government

TableLeg:
Normal level.
Nigeria Army is a cesspit of corruption.

Yet some stupid Nigerians want the Military back instead of better government

Nwaikpe:
Nigerians are usually eager to jump into new technologies without appraising its possible downside.
This CNG technology is not being sponsored in any of the western countries because it is only but a "lesser demon" to petrol.
Most people are pushing for better and cheaper sources like Hydrogen, etc.

But Nigeria, no go hear "cheap" make their body rest.

They don't know that the price they would have paid in petrol cost, they will equally and much more pay in CNG technology and accident (explosion).
Anyways, God bless the IDF,
I, and all the northern nigerian muslim miscreants do stand with Israel and support their mopping of the world off animals and pigs like us.

CNG has it downside but for a country that lack basic infrastructure , the EV revolution cannot start in Nigeria. |I live in the Dominica Republic and 30% of their vehicle are CNG powered, that reduces the need to import PMS

God1000:
Nigerians should desist from talking down on each other, I hate it when people make such derogatory and condescending remarks about others.

Let us respect each other and our diverse cultures, north is a big market with their population, our music artists should try and expand beyond the south

I agree that Nigerians must respect each other. But Northern Nigerian elites have been a disaster to regional development, starting with the introduction of political sharia and poor investment in basic education. They have created a stigma that the North is backward and lack the potential to develop

EmperorCaesar:

He was never the Petroleum minister
Check UNESCO stats on the most educated countries in Africa, u go see say Nigeria no dey top 7



I hardly read comments here on NL...Dumbos just populate everywhere and na dem dey talk am say PBAT na 'Minister of Petroleum'

President Bola Tinubu as Minister of Petroleum Resources appointed Heineken Lokpobiri as the Minister of State for Petroleum Resources (Oil) and Ekperikpe Ekpo as Minister of State for Petroleum Resources (Gas) in August 2023

DamnnNiggarr:
Peter Obi

This is nonsense. The opposition should call APC in the NASS, and the PDP/LP/NNPP should use the House of Rep majority to challenge the government. Enough of this useless statement from Atiku and PO: they should use the NASS and their political machinery.

MadPolitician:
When the taxes ultimately increase, and the pain becomes unbearable for Nigerians, the same world bank will tell you that the decision to raise taxes, was a local one made by Nigeria and not from the world bank. Yet they are busy now arm twisting a desperate and clueless government in Abuja

Trade Liberalization and tax reform never work.

The World Bank policies failed in Argentina and the Philippines. The rich are supposed to pay the increased tax burden, are protected by lawyers and political connections; hence, the tax burden will fall on the middle class and poor.

After removing all the subsidies, you now impose a tax on the poor what do you expect?

CodeTemplarr:
Doing everything humanly possible to access the external loan yet the Lazy NLC will want to blame IMF for our woes. if you are poor and lack funds, why go to saudi arabia every year to stone spirits? The NLC know their members who do nothing but get salaries are likely the next to get the chop after subsidy so they are fighting for their monthly stipends.

You don't increase taxes during economic reforms; you remove your competitor's advantage and limit investment into the country.

The ARMOR programme includes three main result areas: implementing tax and excise reforms to increase Value-Added Tax collections and excise rates on health and environmentally friendly products; strengthening tax and customs administrations to enhance VAT compliance and audit effectiveness; and safeguarding oil and gas revenues by increasing transparency and net revenue contributions.

Kobojunkie:
Ajero, please shut the f--k up already!

IMF do wetin? Na IMF go give three gbosas to Naira 70,000 minimum wage agreement wey no fit even feed a single Nigerian for a whole week abi na World Bank do that one? Na IMF promise you that measly minimum wage with the promise not to increase fuel over Naira 1000 only to almost immediately renege on that very promise? Nonsense!

The man is an idiot. He had a 250,000 option and took 70,000 when it was obvious that oil subsidies would be removed. He. should own up to his mistake and resign. IMF/WB are not Tinubu government

Ikaeniyan0:
The lawmakers are not reasonable. Umahi should fix all the roads in Nigeria in less than 24 month.

Umahi is spending N15 Trillion on a new Lagos -Calabar Costal Road when all the existing road is in a mess.

Stomoney:
Na Tinubu go finish every body

Stop blaming Tinubu. When the French had enough, they cut off the head of the King.

When Nigerians are ready they will remove Tinubu.

If the quote below is true, the 92% drop is unbelievable and indicates two issues: one, the 60 million litres per day was an exaggeration and exploiting the government subsidies and two, Nigeria are just too poor to buy cheap oil(Nigeria's oil is still the most inexpensive in the world)

Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority indicate that fuel consumption dropped to 4.5 million litres per day in August 2024, down from 60 million litres per day in May 2023—a staggering 92 per cent decline.