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Remittances to Nigeria to hit $21bn by year end. - me thought you said ibo and not nigerian living abroad? on October 09, 2014 / in Business 10:51 pm / Comments By Omoh Gabriel The World Bank Group has projected that Nigeria will in 2014 receive an inflow of $21 billion as remittances from Nigerians living and working abroad nigeria again? No ibo? This figure will place Nigeria as the top receipt of foreign remittance in Africa. Nigeria will be followed by Egypt with a projected remittance of $18 billion ooh nigeria again,not ibo? This fact is contained in a release by the World Bank Group on” Migration and Remittances: Recent Developments and Outlook; Special Topic: Forced Migration According to the report “Remittances to developing countries are projected to grow by 5.0 per cent to reach $435 billion in 2014 accelerating from the 3.4 per cent expansion of 2013, and rise further by 4.4 per cent to $454 billion in 2015. In 2013, remittances were more than three times larger than ODA and, excluding China, significantly exceeded foreign direct investment flows to developing countries. Growth of remittances in 2014 is being led by three regions: East Asia and the Pacific, South Asia, and Latin America and the Caribbean. “Officially recorded remittance flows to developing countries are projected to reach $435 billion in 2014, 5.0 per cent higher than last year (Figure 1.1 and Table 1.1). The growth in remittances is expected to moderate to 4.4 percent in 2015, raising flows to US$454 billion. This outlook is based largely on lower projected GDP growth rates in key remittance-sending countries. Global remittance flows, including flows to higher-income countries, are expected to follow a similar pattern, rising from US$582 billion in 2014 to US$608 billion in 2015. “Remittances are an essential source of external funds for developing countries. These flows were three times larger than official development assistance in 2013, and are steadier than both private debt and portfolio equity. Remittance flows are significantly larger than total foreign direct investment to developing countries, excluding China. They are also a more stable component of receipts in the current account, reliably bringing in foreign currency that helps sustain the balance of payments and dampen gyrations “The global average cost of sending remittances continued its downward trend in the third quarter of 2014, falling to 7.9 percent of the value sent, compared to 8.9 percent a year earlier. Competition and the expansion of mobile-phone and internet-based technologies hold much potential to continue driving down fees. Risk-based approaches to the application of anti-money laundering regulations to remittance operators and international banks hosting their bank accounts will be important to ensuring that compliance does not result in undue costs, which could slow the fall in remittance costs and leave substantial flows underground. The report said “With over 14 million people born in India living abroad in 2013 (estimated to be the largest emigrant stock in the world), India is projected to remain the largest recipient of officially recorded remittance inflows, which may reach $71 billion in 2014. Other countries expected to receive large remittances in 2014 include China $64 billion, the Philippines $28 billion, Mexico $24 billion, Nigeria $21 billion, and Egypt $18 billion”. The report said that despite the huge sums flowing into large countries, in many instances they are relatively small share of GDP. Giving instances it said remittance flows to India amounted to only 3.7 per cent of GDP in 2013. By contrast, many smaller countries are far more dependent on remittance inflows. For example, remittances as share of GDP amounted to 42 per cent in Tajikistan, 32 per cent in the Kyrgyz Republic, and 29 per cent in Nepal. It said that the main drivers of remittances are migrant stocks and economic conditions in remittance-sending countries. With the exception of rapid deportations, the stock of migrants is comparatively stable. Still, more needs to be done to reduce the costs of migration, including flows from major oil producing countries track closely with oil prices, as do other factors affecting migrant employment opportunities. For example, oil prices are an important factor in remittance flows from Russia. Climbing migrant employment in the US is boosting remittances to Latin Exchange rates and the cost of sending remittances are also important determinants. Appreciation of the remittance source country’s currency against that of the recipient country boosts flows (note that changes in the exchange rate between the currency of the remittance source country and the US dollar also affect remittance flows when expressed in US dollars). Similarly, the falling costs and increasing convenience of sending money (discussed in greater detail below) are helping lift remittance flows, especially through formal remittance channels. Conversely, compliance with international anti-money laundering and counter financing of terrorism regulations may be a significant cost factor putting upward pressure on prices, which may in turn leave substantial flows in underground channels (see Box 2.2 further below). In addition, exchange controls in countries such as Argentina and Venezuela are also causing flows to shift underground. An important feature of remittance flows is how they respond to natural disasters. There is substantial evidence that the humanitarian impulse is a powerful motivator of remittances. For example, the devastating earthquake that struck Haiti in 2010 spurred remittance flows to that country, with further encouragement from money transfer companies committing to transfer remittances free of charge. A similar pattern was observed in Pakistan after the widespread floods in August 2010; remittances jumped 19 percent during the remainder of 2010 compared with the previous year, and 27 percent in 2011. While flooding in Pakistan this year was more limited than in 2010, it still caused massive damage and again may be motivating a rise in remittances; they are projected to rise by 16.6 percent in 2014. Recovery from the super typhoon that struck the Philippines in 2013 brought an 8.5 percent increase in remittances that year, again helped by money transfer companies agreeing to zero fees for making remittances. These observations suggest that remittances are not only a lifeline sustaining consumption in some of the poorest parts of the world, but they also tend to serve as insurance against key risks confronting the poor and help mitigate vulnerability. With the outlook for GDP growth in major remittance source countries somewhat weaker than previously projected, growth in global remittance flows is also expected to moderate, especially to developing countries in Europe and Central Asia. The cost average total cost of sending about US$200 fell from 8.9 percent in the third quarter of 2013 to 7.9 percent in the third quarter of this year (Figure 2.1). The average weighted by the size of bilateral remittance flows also fell, from 6.6 percent in the third quarter of 2013 to 5.7 percent in the same period this year. The slight narrowing of the spread between the global average total cost and the global weighted average suggests that even smaller remittance markets are becoming increasingly contested, as mobile operators enter the market and new online services are being offered. While cash products remain the most widely available, more account-based services are entering the market; cash-to-account remains the lowest-cost method for making remittances among account types. Online services are also expanding, now comprising 23 percent of the sample surveyed by the Remittance Prices Worldwide (RPW) database of the World Bank Payment Systems Development Group. These services offer various ways of paying for a transaction (from bank accounts, bank wires, credit cards, and debit cards), and receiving funds (in beneficiary bank accounts, or in cash through a local agent). The cash-to-account channel averaged 5.4 percent in the third quarter of 2014. - See more at: http://www.vanguardngr.com/2014/10/remittances-nigeria-hit-21bn-year-end/#sthash.Y6z6TXRV.dpuf Na wa oo Op why nah ![]() Now let's check the link and see if it's provides us with fact, specified yeeboo as a tribe aloooooon ![]() |
princdebola201:1. Question begging for answer : (WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT? 2. The yeye boi said that yeeboo dominate nigeria movie industry? How I asked? By the number of movies on produce on daily basis or GDP? Is english the only industry that contributes to the nigeria movie industry? Prove fact? He no gree o Is english movie industry the only industry in nigeria that produce movies and GdP? Provide answer or prove me wrong? E no gree! Na so so attache, attache e deyshout. Abeg how? ![]() |
ikechu1278:Looooooool Sorry did I heard/read you right? I know you just want to massage your ego anyway. Check my link/at the bolded again. I don't dwell on fallacies |
ikechu1278:Iyabo Ojo is an individual, her optionion was simply her 'own assumption". No stats to back it up? You see why I call u my**? ![]() How Entertainment Contributes To Nigeria’s GDP By Anthony Ada Abraham — Apr 9, 2014 1:27 am | 0 Comments The entertainment industry has worked towards improving the lives of people while unemployment rate has averaged almost five per cent for the period between 1976 and 1998. But the statistics must be interpreted with caution as the entertainment industry has moved from grass to grace. ANTHONY ADA ABRAHAM writes. In the 1980s, Nigeria’s economy was hardly as buoyant as it is today. According to the ongoing economic reform programme, plans are in place to put the economy on a recovery path, with an accompanying level of inflation that is totally minimal. Today, the Nigerian entertainment industry is ranked third, globally, in terms of quality of production and gross earnings. In 2013, Robert Orya, managing director, Nigerian Export-Import Bank (NEXIM), said Nollywood ranked third globally in gross earnings. According to him, the revenue the film industry has generated in the last three years was between $300m and $800m. “The global film and entertainment industry generated about $90.6bn revenue in 2010,” Orya explained, saying, “The revenue increased to $102.7 bn in 2012. Most of these revenue streams are from theatrical distribution. North America contributed the largest market share of about 40 per cent. Europe, Middle East and Africa accounted for 24 per cent, Latin America 20 per cent, and Asia Pacific made only three per cent contribution.” In addition, a report released in London in 2012, by Euromonitor International and Reed Exhibitions Limited, organisers of the World Travel Market (WTM), predicated a Gross Domestic Product (GDP) growth in Africa, as a result of the boom in the local film industry dubbed ‘Nollywood’. The GDP growth figure for the African region was contained in a report, titled: ‘WTM Global Trends Report 2012’. The report explained that Nigeria’s massive film industry , ‘Nollywood’, is a rising star in Africa’s tourism industry, just as it declared it the world’s second largest film industry, volume-wise, after India’s Bollywood and ahead of the USA/b’s Hollywood, with more than 2,000 films produced annually. Specifically, the report predicated this GDP growth in Africa to be at 5.2 per cent in 2012 and 2013, while trips/arrivals will rise to 4.5 per cent in 2012 and 4.6 per cent in 2013, adding that intra-regional travels is crucial for the African tourism industry, due to “strong business, linguistic and cultural links” between many countries. Nigeria’s Nollywood industry, now captured under “Motion pictures, sound recording and music production,” has made a huge leap to about N9trn in size. Analysts had said the movie segment made about N1.72trn in 2013. “Motion pictures, sound recording and music production,” is one of the 13 new activities that have been included in the computation framework. Others are entertainment, research, patents and copyrights, etc. The number of economic activities reported in the rebased GDP computation framework was increased to 46 as against 33 in the previous series. According to Business Day, the rebasing exercise shows the huge leap how the entire entertainment sector had been hugely underrated over the years. The sector was earlier classified amongst ‘other services’ that barely contribute N5bn to the annual GDP. The share has risen, sharply, from its once-insignificant status to become the first five. “What surprises me the most is the ‘Motions pictures, sound recording and music production’, which jumped to N9trn, which is a huge amount. I didn’t expect that kind of jump. Initially, it was under ‘other services’ where items that are too small are captured during the GDP computation,” a source said. Also, in the last five years, the industry has grown in terms of quality and has been rated the third most valuable movie industry in the world, behind Hollywood and Bollywood. The development has also impacted on returns. Victor Okhai, a film-maker, says a new crop of film makers have, over the years, brought some level of professionalism into the industry. Nollywood lauds the growth Nollywood directors and investors, on Monday, hailed the industry’s inclusion in Nigeria’s economic data for the first time, calling it a “recognition of the sector’s growing power and influence”. Africa’s most populous nation and leading oil producer became the continent’s largest economy on Sunday, when the government announced the long-overdue recalculation of her gross domestic product. When the last revision was carried out in 1990, Nollywood’s contribution to the economy was negligible.But statistics indicated that the industry, which has a huge following across Africa, was now worth some N853.9bn ($5.1bn, €3.7bn) or 1.2 per cent of GDP. “It is significant that the economic importance of Nollywood is being better recognised,” Zack Orji, one of the industry’s most prominent and accomplished artistes, told the AFP. The founder and chief executive of video-on-demand firm iROKOtv, said he was not surprised by the data and how it reflects Nigeria’s status as one of the world’s leading film production centres. “It (Nollywood) has been growing steadily for the past 20 years and can, legitimately, be uttered in the same breath as Hollywood… when it comes to movie output data, with between 1,500 and 2,000 movies being made every year,” he added. The British-educated entrepreneur, whose firm has been dubbed the “African Netflix,” said the inclusion in economic data was a “landmark” and reflected Nollywood’s dynamism. Nigeria’s revision of GDP data saw the size of the economy jump from $264bn in 2012 to $453bn, with projections of a further increase in 2013 to $510bn. The exercise was carried out to factor in changes in production and consumption over the last 24 years and showed a significant shift in the structure of the economy, according to the government. Telecommunications, for example, were also included to reflect the explosion in mobile phone ownership in recent years. The United Nations said, last May, that Nollywood is estimated to employ some 1,000,000 people and had the potential to create 1,000,000 more in the future if properly managed. Its release of about 50 films a week puts it in the same bracket in terms of production with movie-mad India, although revenues — thought to be about $590m a year — are considerably less. Nigeria’s President Goodluck Jonathan, last year, announced a N3bn cash injection to develop Nollywood, which was considered a fair recognition of the sector’s importance. Orji said problems remained – not least film piracy – but added that planned improvements to distribution would help ensure revenues generated would get back to those involved in production. Nollywood films are as loud, brash and argumentative as the country itself, frequently tackling social and cultural issues and relying heavily on melodrama. They are thought to cost as little as $25,000 — a fraction of the $250m on average that it takes to make a film in Hollywood — and can be turned around within a month from filming to sale. Most films are sold as DVDs at the roadside, either at market stalls, from wheelbarrows or by hawkers at traffic lights. These are the rough edges which cannot be overlooked for an industry touted to be on its way to becoming world-class. I won't call you names now. You see your life @ the bolded? Entertainment : music industry, movie industry et al. Now you might want to prove me wrong that it's only english that generate the above GDP? http://leadership.ng/entertainment/364405/entertainment-contributes-nigerias-gdp |
ikechu1278:Dude you are boring me now. The stats (the pic) didn't state the life nor the suffering of any individuals. It simply states " nigeria movies and it GDP. Na wa for you This thread has lost it flavour jare ![]()
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Bruahahahahahahahahahaha Not again. I'm coming to trash this omo-ibo made stats ![]() |
superstar1:I taya oo ![]() |
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT ![]() Question begging for answer. And please we don't want aba made, NL link again ![]() |
willow0802:Eyahhh Go back to daddy. You are a little boi Deltal ibo ko Ibo deltal ni |
ikechu1278:Here we go again going round and round. I'm not interested in you long episode neither am I here to message yaa ego Let me shout it to you ear now : It's. Not. About. Who. Owns. What. Or. The name of each industry dooorh https://blackfilmcenterarchive./2012/04/19/the-pulse-what-about-language-in-nigerian-cinema/ The Pulse: What about Language in Nigerian Cinema? In The Pulse, our new feature section, we’ll connect different voices on topics in Black Film. We’ll ask a question, frame it, and then connect with some of the many modes of answering that question. In this first installation, we’ll look at the conversation about language in Nigerian Cinema. * * * * * * Language does many things in cinema. It produces, packages, and reflects culture. It validates and sanctions particular tongues. It denotes an audience and creates revenue streams. And among many other things, it plays. In Nigeria, whose 158 million citizens speak some 500 languages, the film industry puts out 1,000 to 2,000 films a year. A global audience estimated in the hundreds of millions (if not more) watches these films, which are dubbed, subtitled, or already in an accessible language (mostly, but not always, English). What matters, then, about language in Nigerian cinema? The national dialogue on films in indigenous languages –from online messageboards to newspaper editorials to facebook – is particularly robust these days, due in no small part to the visibility of 2011’s 5th Festival of Indigenous African Language Films. This, too, against a trend of de-Anglicization of Nigerian films in recent years. “While Nigeria has been busy discussing how to decolonize television screens for the past 60 years, the Nollywood industry has done so in less than 30 years, yet the success of the industry still has its own problems that need to be carefully articulated, since it bears on our very being as people,” said Dr. Onookome Okome in a presentation at the festival, according to The Sun. L-R: Segun Adefila, Bukola Awoyemi and Tunde Kelani on the set of Arugba (2010), a Yoruba film. . © 2011 Mainframe Film and Television Productions Not that the process has been homogenous and weighted evenly, as languages in Nigerian films do not mirror Nigeria’s linguistic composition[i]. “What happened to the Igbo Language Film?” asks Onyeka Nwelue in a post on YNaija.com. Though the Igbo film Living In Bondage (1992) is widely acknowledged as the first Nollywood film[ii], very few (less than one percent) of films made in Nigeria today are in Igbo. The common narrative is that Igbo filmmakers prefer making films in English, while Yoruba and Hausa filmmakers make films in their respective languages. “What has made the Igbos think that it is better and more commercial to do these films in English? If making a film in English guarantees awesome box office sales, why do Yoruba movies still do well?” queries Nwelue, pushing for more Igbo film production. Harris Chuma, president of the Igbo Film Forum, is leading the charge to do just that, organizing the first Igbo film festival earlier this year. “This festival will focus on addressing the issue of fallen Igbo Language and the need for Igbo filmmakers to embrace the new direction,” said Chuma. “Any tribe that loses its language has invariably lost its identity,” writes Ebele Orakpo in The Vangaurd, before adding his voice to a growing assault on the most common defense of making films in English – commercial viability through a wider distribution audience: “The reality on ground is that Nollywood of today survives based on indigenous language films. The champions of the Nollywood of today are the Yorubas and the market for Yoruba language films is booming. Hausa language films are also selling.” Shey u deaf ni ? I taya for u oo
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ikechu1278:Here : 1. Alhaji Aliko Dangote – founder of Dangote Group, Richest man in Africa and Richest black man in the world 2. Mike Adenuga – Conoil, Equatorial Trust Bank, Globacom SW 3. Femi Otedola – ZENON Oil and Gas SW 4. Orji Uzor Kalu – Slok Group 5. Cosmos Maduka – Coscharis Group 6. Jimoh Ibrahim – Nicon Insurance, Global Flee 7. Jim Ovia – Zenith Bank, Visafone Biography of Jim Ovia; Billionaire; Delta State Celebrity 8. MTN-obj we dashed ugly pascal Dozie 3% 9. Oba Otudeko – Honeywell Group Nigeria SW 10. Alhaji Sayyu Dantata – MRS Group 11. Umaru Abdul Mutallab – former Chairman First Bank Plc, Mutallab Group 12. Prince Samuel Adedoyin – Doyin Group SW 13. Dele Fajemirokun – Chaiman Aiico Insurance, Xerox Nigeria, Chicken Republic, Kings Guards etc. SW 14. Chief Cletus Ibeto – Ibeto Group 15. Raymond Dokpesi – Daar Communication, AIT, SS 16. Tony Ezenna – Orange Group 17. Chief Molade Okoya Thomas – Chairman CFAO Nig and other six french companies yoruba/SW 18. Ifeanyi Ubah – Capital oil and gas 19. Leo stan ekeh - Zinox computer 20. Fola Adeola – GTBank yoruba/SW Plus-. Folorunsho Alakija SW is a Nigerian businesswoman who is the second richest African woman after Isabel Dos Santos and also the third richest woman of African descent in the world.[2] She is a business tycoon involved in the fashion,[3] oil and printing industries.[4] She is the group managing director of The Rose of Sharon Group which consists of The Rose of Sharon Prints & Promotions Limited and Digital Reality Prints Limited and the executive vice-chairman of Famfa Oil Limited.[5] Alakija is ranked by Forbes as the richest woman in Nigeria with an estimated net worth of $2.1 billion[1][4] As of 2015, she is listed as the second most powerful woman in Africa after Ngozi Okonjo-Iweala and the 87th most powerful woman in the world by Forbes.[6] 21. Chief Ade Ojo – Elizade Motors Nig LTD, Distributor of Toyota cars SW Before I finish this essay I will examine an absurd claim that the igbo often make which reflects an inferiority complex, a deep case self-delusion and which borders on the sociopathic. Wherever they settle they often boast that they control all the money that is there and that they have more businesses than anyone else. They often suggest that they have more business acumen and that they are more successful at business than any other tribe in Nigeria yet this is not true. |
ikechu1278:Delta ibo ko Daddy ibo ni ![]() Don't blame the player blame the game. You are guilty of what you are accused me of. You are emotional imbalanced Why not follow my lead. My list is there(bolded) for you to sip You can close yaa mouth now |
Attache ko Tata se ni ![]() https://blackfilmcenterarchive./2012/04/19/the-pulse-what-about-language-in-nigerian-cinema/
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ikechu1278:Bla bla bla Mr long episode. Like I wrote earlier, it's not about attache nor about who own what. It's about the contribution of nigeria movies as whole into the nation GDP. So please shut up or go back to school you papa sent you to. Omo daddy ![]() |
ikechu1278:Look at the stupid. Feeding us with another ibo made stats, and nairaland is you source? You are pathetic omo yeeboo What do u take us for? Why not provide us with reliable source and not another NL/yeeboo made Stats? Shame on you! Here is the link provided by you,made up stats aka NL, you sourse ![]() Contribution of the SE (and Igbo) to Nigeria’s Economy This argument keeps rearing its ugly head, pushed on by SW irredentists. But the first thing we need to remember is that the SE gets less from the national coffers, so it is expected to contribute less.isnt that the obvious fact? Prove us wrong However, this is not the case in reality, as I equate the SE with Igbo, in some instances. Here is how Igbos, even though they get less from the national purse, actually contribute most.How,if we may ask? 1. There are give and take 17 million Nigerians abroad; 60% of those are Igbos. We know that Nigerians abroad remit billions of dollars to Nigeria annually. Therefore, 60% of the billions of remittances are from Igbos who are mainly of SE origin. The Nigerian Feds have confirmed that the remittances contribute significantly to the economy. could you please provide us with a reliable source, and are ibo the only tribe that are all over the world contributing in that aspect? .and please do provide us with facts to ascertain you yeye claim 2. Nollywood brings in billions of Naira to Nigeria. We all know that the Nollywood in question is Igbo-dominated. No, I don't agree. Prove me wrong. Infact, it's not about who dominates who or name of each industries , it's about the contribution of nigeria firm industry. I.e GDP. Prove us wrong 3. Igbos constitute the bulk of foreign business people who import things into the Nigerian market. We know that importation goes along with payment of import duties, taxes and other levies. bla bla. Another aba made. Provide us with variable fact/link? 4. The SE, by taking less out of the federal purse, contribute most in keeping some savings for Nigeria. Unfortunately the savings are swallowed by the crooks from all parts of Nigeria.usual vitimasation mentality. What should state like Osun cry over now? 5. Three SE cities are among the 6-most industrialized cities/towns in Nigeria. Lagos, followed by Port Harcourt (Rivers) Agbara (Ogun), Aba (Abia), Onitsha (Anambra) and Nnewi (Anambra) are undoubtedly the most industrialized places in Nigeria. This means employment and tax payments to the national purse coming from these industries.bla bla bla. Yet poverty rate in SW region is lesser than the whole SE? Lol 6. SEners/Igbos are the least employed by the federal government. This means they not only take less out of the system by way of salaries and benefits, but also by way of having less opportunity of stealing from the government. Stealing from the govt. is what the SW and North know how best to do. could you please back that with fact. and must we all sell fake stuffs like ibo in the name of doing biz? Remember? Once man poison...? 7. Igbos, by migrating out of Nigeria in more numbers than other groups, contribute less in putting undue strain on the overstretched infrastructure of Nigeria. Most of the strain received by the infrastructure in Nigeria comes from the North. If all Nigerians were to stay back home, we all know how crazy it would get.usual cry cry baby lamentation. We all know u need nigeria more 8. Most of the sports people in Nigeria are Igbos. That is a contribution that is probably not so easy to quantify monetarily.another aba made.could u Provide us with reliable link? Lol 9. Moreover, 70% of the investments in Abuja are Igbo-owned and about 30-40% of those in Lagos are also Igbos owned. These investors pay taxes to the governments. no. It's one billion percent. ![]() There is the link onenaira provided (home-made,NL made) to prove to us that ibo contribute fed gov purse. Oleeeeee |
ikechu1278:You see you life? From the start the argument wasn't even about who own what or names of each industry. You are a fufu ![]() You've lost. Ain't you contradicting you first claim, why this movie bla bla bla was brought up? It way all about nigeria movies GDP as a whole. Fufu ni bobo yi sha ![]() Ayo was a mere producer? Lamaooooooo |
ikechu1278:Obviously you are not well trained at all ![]() Oh how I love thread like this. In a Capitalist State Like Ours, Wealthy Firms With Healthy Cash Flow Control The Economy Not Petty Traders. "I have investigated all the 20 top Nigerian companies listed below as compiled by authoritative Forbes business magazine and none of them is based in Igbo land or controlled by the so called ‘Igbo business men’. Impressively, 20 Nigerian companies made it to the list of Top 25 companies in West Africa. They include: • Dangote Cement • Zenith Bank PLC • Ecobank Transnational Incorporated • Nigerian Breweries Plc • First Bank Plc • Guaranty Trust Bank Plc • United Bank for Africa • Guinness Nigeria • Nestlé Nigeria • Access Bank • Flour Mills Nigeria • Union Bank of Nigeria • Stanbic IBTC • First City Monument Bank • Lafarge Cement WAPCO • Total Nigeria • Unilever Nigeria • PZ Cussions • UACN • Cadbury Nigeria Plc According to Forbes, Nigeria has 20 of the best 25 companies in West Africa. It is only a fool who will believe Igbo postulation that it is street trader’s and hawkers that controls an economy. If that hypothesis is valid, then the Indians and Pakistanis in Britain can also claim that they [are] in charge of British economy because over 70% of petty street trading in Britain is in the hand of the Asians. However, we all know that actual British economy is firmly in the hands of the Britons. The same is factual for Germany and France where Turkish and North African Algerians are their own local version of Igbo. The only difference is that these other 'gypsies’' are more knowledgeable of who they are in their host countriy's economy, unlike ignorant Igbo petty street traders in Yoruba land." Nigerians have made the Forbes list of richest people in the world the reason been that Forbes estimates the wealth of individuals and rank them based on the value of shares they have in quoted companies (companies listed on the stock exchange). The few Nigerians that have the list are Aliko Dangote, Mike Adenuga and Femi Otedola. The list of top 21 Richest Nigerian billionaires has been based on: The value of their shares held in quoted companies, the size and market share of their companies, the number of companies they own and its assumed value, the market value of their company’s brand and the impact of their companies on the Nigerian economy. Despite the harsh terrain and business challenges involved with starting a business in Nigeria; the successful entrepreneurs listed below held their ground and fought their way to the top. In a country with a population of over 160 million inhabitants and millions of businesses; these 20 entrepreneurs diligently carved their names in the sands of time. Check out the list below. 1. Alhaji Aliko Dangote – founder of Dangote Group, Richest man in Africa and Richest black man in the world 2. Mike Adenuga – Conoil, Equatorial Trust Bank, Globacom SW 3. Femi Otedola – ZENON Oil and Gas SW 4. Orji Uzor Kalu – Slok Group 5. Cosmos Maduka – Coscharis Group 6. Jimoh Ibrahim – Nicon Insurance, Global Flee[b]SE-ondo[/b] 7. Jim Ovia – Zenith Bank, Visafone Biography of Jim Ovia; Billionaire; Delta State Celebrity 8. MTN-obj we dashed ugly pascal Dozie 3% 9. Oba Otudeko – Honeywell Group Nigeria SW 10. Alhaji Sayyu Dantata – MRS Group 11. Umaru Abdul Mutallab – former Chairman First Bank Plc, Mutallab Group 12. Prince Samuel Adedoyin – Doyin Group SW 13. Dele Fajemirokun – Chaiman Aiico Insurance, Xerox Nigeria, Chicken Republic, Kings Guards etc. SW 14. Chief Cletus Ibeto – Ibeto Group 15. Raymond Dokpesi – Daar Communication, AIT, SS 16. Tony Ezenna – Orange Group 17. Chief Molade Okoya Thomas – Chairman CFAO Nig and other six french companies yoruba/SW 18. Ifeanyi Ubah – Capital oil and gas 19. Leo stan ekeh - Zinox computer 20. Fola Adeola – GTBank yoruba/SW Plus-. Folorunsho Alakija SW is a Nigerian businesswoman who is the second richest African woman after Isabel Dos Santos and also the third richest woman of African descent in the world.[2] She is a business tycoon involved in the fashion,[3] oil and printing industries.[4] She is the group managing director of The Rose of Sharon Group which consists of The Rose of Sharon Prints & Promotions Limited and Digital Reality Prints Limited and the executive vice-chairman of Famfa Oil Limited.[5] Alakija is ranked by Forbes as the richest woman in Nigeria with an estimated net worth of $2.1 billion[1][4] As of 2015, she is listed as the second most powerful woman in Africa after Ngozi Okonjo-Iweala and the 87th most powerful woman in the world by Forbes.[6] 21. Chief Ade Ojo – Elizade Motors Nig LTD, Distributor of Toyota cars SW Before I finish this essay I will examine an absurd claim that the igbo often make which reflects an inferiority complex, a deep case self-delusion and which borders on the sociopathic. Wherever they settle they often boast that they control all the money that is there and that they have more businesses than anyone else. They often suggest that they have more business acumen and that they are more successful at business than any other tribe in Nigeria yet this is not true. [b]These strange stories that Igbos are more industrious than the Yoruba people, where do they come from? Is it because Yoruba people think big and never settle for profits from petty trading? The Igbos have not excelled more than Yoruba people in any kind of business at an advanced level, with the exception of the long haul coach and bus business. In the transportation business generally how many igbo people own the largest private airport on the African continent like Wale Babalakin. Tell me the Igbos that are mega industrialists like Folawiyo, Okoya, Adedoyin, Akindele and Awosika. Of the 10 leading banks in Nigeria, 8 of them used to have yoruba people as shareholders with the controlling interest, until Sanusi Lamido Sanusi launched his campaign. Today, four are still owned by Yoruba people and only one by an Igbo. Telecoms, one Ijebu businessman built a massive telecoms company single handedly. No Igbo man can boast of such. The first four leading oil distributors are Yoruba. Of the 10 leading Nigerian businessmen, 6 are Yoruba. The highest indigenous employers of labour are Yoruba people. Look at all the companies in Ikeja- they were all invited by the Western Region Government in the First Republic. If Igbos leave Lagos today, these companies will still hold high in their elegant skyscrapers. Igbos can’t hold Lagos or anywhere in the country hostage. The stereotype claim is that the Yoruba are the agberos of Lagos but you will be surprised to know that many Igbos in Lagos are actively involved in the transport business, some of them also play omo oni le with their Yoruba friends and some of them are street beggars as well. They would have denied this if Fashola had not deported them.[/b] You are just being.... ![]() |
willow0802:Thank you. ![]() I don't play around with kids. And for my mentions? Yes typo or not let it be. Thank u once again |
willow0802:You see why I said you are too naive? Anyways it's ok now. |
willow0802:It's ok. You are too young for this. I'm here for that deltal bobo ![]() Ok. Please can u let go of my mention now? Thank u |
willow0802:For the fact that you detest the truth. I will let it go. I'm not ready to do googling to night. Isoke ![]() Enjoy you lies |
willow0802:Buhahahahahahahahahah Am sure phone swap,the figuring, October 1st, irapada were solely watched/accepted by yorubas alone Abeg shift ![]() |
Francis5:Could you please back up these aba made stats with facts and figures? ![]() Tank u |
azzima:God bless you jare. The dude is one illiterate in the united states or somewhere in one yeye oyinbo land like that ![]() He thought that his usual long episode will save him tonight. He got it wrong. He's one delta boy shall ![]() |
ikechu1278:Here Hello Nollywood: how Nigeria became Africa's biggest economy overnight Nigeria's GDP has been revised up by 89%. Here are five things this tells us about the finances of Africa's most populous nation A cameraman films a scene for the Nollywood film October 1 in Nigeria last year. Photograph: Akintunde Akinleye/Reuters Enjoli Liston @enjoli_ Thursday 10 April 2014 10.09 BST Last modified on Tuesday 3 June 2014 10.20 BST Nigeria is now officially Africa’s biggest economy. Its GDP was revised up to £307bn this week, after economists re-adjusted the way they calculate the figures for more than 24 years. Most other countries go through this process (known as "rebasing" every five years.The new number now incorporates the revenues from Nigeria's newest business sectors, including its booming film, music, telecoms and e-commerce industries, which had been previously been overlooked for more than two decades. In view of this, here are five things you might not know about the newly recognised elements of Nigeria’s economy: 1. The movie industry, known as Nollywood, produces more films a year than any other country except India. In 2006, when the last comprehensive data was collected by Unesco, Bollywood released 1,091 major feature films, Nollywood 872, and their namesake, America’s Hollywood, trailed with 485. If you include the smaller, lower budget films Nigeria’s rises to more than 2,500 movies per year. Motion pictures, sound recording and music production are collectively now worth billions of pounds, and constitute 1.4% of the country’s £307bn GDP, according to the Nigeria Bureau of Statistics. Unesco has attributed much of Nollywood’s success to the fact that it relies on low-budget productions (usually under £20,000) which are released on video CDs, a cheaper alternative to DVDs, and are usually sold for about a dollar each. The 2006 study estimated that 99% of screenings were in informal settings, such as people's homes rather than cinemas. Yet piracy is a huge problem for filmmakers, with an estimated five to 10 illegal discs circulated for every genuine one. |
ikechu1278:Mr man. The provided link didn't specified any nor separate yorobawood or whatever you call it from nollywood. Prove me wrong abeg |
ikechu1278:1. Yes prove me wrong by providing that indeed it's control by ibo? 2. Prove me wrong that it's control by ibo? 3. Who then owns and runs it? Dispute it. 4. Yes. Even a fool knows that NL generate more trafic than linka ikeji blog. You can as well prove me wrong? 5. Here is the link again. Since you are too emotional to see ![]() http://www.proforcedefence.com |
ikechu1278:What do you mean attache? Do you just love massage your ego? According to the link you provide it states nigeria movies as whole: nollywood! Are u kidding me or are u just here to tease about? Hello Nollywood: how Nigeria became Africa's biggest economy overnight Nigeria's GDP has been revised up by 89%. Here are five things this tells us about the finances of Africa's most populous nation Hello Nollywood: how Nigeria became Africa's biggest economy overnight Nigeria's GDP has been revised up by 89%. Here are five things this tells us about the finances of Africa's most populous nation A cameraman films a scene for the Nollywood film October 1 in Nigeria last year. Photograph: Akintunde Akinleye/Reuters Enjoli Liston @enjoli_ Thursday 10 April 2014 10.09 BST Last modified on Tuesday 3 June 2014 10.20 BST Share on Facebook Share on Twitter Share via Email Share on Pinterest Share on LinkedIn Share on Google+ Share on WhatsApp Shares 484 Comments 42 Nigeria is now officially Africa’s biggest economy. Its GDP was revised up to £307bn this week, after economists re-adjusted the way they calculate the figures for more than 24 years. Most other countries go through this process (known as "rebasing" every five years.The new number now incorporates the revenues from Nigeria's newest business sectors, including its booming film, music, telecoms and e-commerce industries, which had been previously been overlooked for more than two decades. In view of this, here are five things you might not know about the newly recognised elements of Nigeria’s economy: 1. The movie industry, known as Nollywood, produces more films a year than any other country except India. In 2006, when the last comprehensive data was collected by Unesco, Bollywood released 1,091 major feature films, Nollywood 872, and their namesake, America’s Hollywood, trailed with 485. If you include the smaller, lower budget films Nigeria’s rises to more than 2,500 movies per year. Motion pictures, sound recording and music production are collectively now worth billions of pounds, and constitute 1.4% of the country’s £307bn GDP, according to the Nigeria Bureau of Statistics. Unesco has attributed much of Nollywood’s success to the fact that it relies on low-budget productions (usually under £20,000) which are released on video CDs, a cheaper alternative to DVDs, and are usually sold for about a dollar each. The 2006 study estimated that 99% of screenings were in informal settings, such as people's homes rather than cinemas. Yet piracy is a huge problem for filmmakers, with an estimated five to 10 illegal discs circulated for every genuine one. Dude this isn't a matter of attaché abeg ![]() |
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every five years.