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tonychristopher: ![]() Yeah right! Tarrhhhh Breakdown of the drivers of the Lagos economy by the Lagos state government. Interestingly, seven (7) out of the 28 Sectors emerged as major drivers of Lagos economy: - Manufacturing - 29.60%, - Road Transport - 26.47%, - Building and Construction - 19.70%, - Wholesale and Retail - 8.39%, - Telecommunications - 3.71%, - Financial Institutions - 3.51% - Real Estate - 2.01%. http://www.lagosstate.gov.ng/images/pageimages/downloadfiles/docs/LAGOS_STATE_GDP2010.pdf (page 10) ^^^Which of these sectors is dominated by Igbos? |
Mee234:http://www.gamji.com/article6000/NEWS7879.htm Nigeria: One Country Four Economies Discussion Points By Falalu Bello, OFR v On the basis of ownership and/or control of resources that make for economic development, post-Obasanjo Nigeria in terms of strength could easily be categorized into 4 economies as follows: a) South West Economy; b) South East plus Delta Economy; c) Northern Economy; and d) South South minus Delta Economy v The four economies mentioned above are fairly distinct with each growing at its own pace. The South Western economy is growing at a faster rate than all followed by South East plus Delta economy whilst those of the North and South South minus Delta could at best be described as stagnant. A simple analysis of these four economies is given below:- a) South West Economy South Western Nigeria with a Land Mass of 76,852 square kilometres and population of 25.2 million today owns and/or control 60% of the nation’s industrial capacity, 44% of banking assets, 67% of insurance assets and is house to the nation’s three deep sea ports of Apapa, Tin Can Island and Roro; the busiest international airport of Ikeja, three thermal stations of Egbin, Papalanto and Omotosho. Today, its three major industrial estates of Agbara, Ikeja and Otta are all linked to gas under the West African gas pipeline plan and piping of gas is ongoing from Otta to Abeokuta. Added to these, the South Western population today is the most educated as western education came through there and education as a resource was democratized since the early sixties. Geographical location, democratization of western education, availability of resources enhanced in last 9 years and some empowerment during the Obasanjo administration have collectively enabled the South Western economy to rank as first of the four economies in Nigeria. Today, the South West as a region can boast of having a defined growing middle class and is perceived to have at least 20,000 of its indigenes with net worth of over N100m each. Take it out of Nigeria, the South West economy with is defined growing middle class and resources, will be one of the fastest growing economies in the world. b) The South-East plus Delta The South Easterners plus their cousins across the Onitsha bridge control commerce in all parts of Nigeria and are thus largely employed. The region has clusters of small scale industries around Nnewi and Aba. The banking consolidation has assisted these people to now have ownership and or control of over 50% of Nigerian banking assets. It also controls 21% of the nation’s insurance assets and 20% of industrial assets. With this development, this region which has not had a commanding control over Nigerian economy will certainly begin to do that now. Commercial activities backed by finance can only grow the economy of South-East plus Delta. The growing strength of financial muscle of this region has been aptly demonstrated by the recent licensing of Micro Finance Banks. Of the over 600 MFBs recently licensed by the Central Bank of Nigeria (CBN), Anambra State alone had 74 whilst Yobe State had 1, Sokoto 5, Zamfara 6, etc. There exists also in this economy a middle class which will now grow itself in number and financial muscle and will almost certainly grow its economy inclusive particularly of small and medium sized industrial base. c) The Northern Economy The North which geographically is 719,435 Square Kilometers or 79% of Nigeria’s landmass and has 75 million or 53.6% of Nigeria’s population has its economy as a consequence of various reforms introduced, been totally grounded. Today, the North has ownership and/or control of no more than 3% of banking assets and 2% of insurance assets and 10% of industrial assets. True, the North has a huge landmass but this has remained under exploited due to jettisoning of time tested policies of price support (as a result of abolishing of marketing boards without putting alternatives) and abandonment of extension services and quality control. Also, the North has a huge population but the population has remained largely uneducated and/or half educated because of near failure of governance in certain States and Local Governments. Currently its most distinguishing characteristic is grinding poverty. Recent poverty statistics indicate that the poverty level of States in the North has been on the increase in the last 9 years and reached over 80%. Its two commercial and industrial nerve centers (Kano and Kaduna) have seen industrial capacity utilization decline to an all time low of less than 10%. The textile, automobile and beverages companies that thrived so impressively in the 1970s and 1980s have collapsed rendering thousands jobless. Although hydroelectricity is generated at Kainji Dam and in lesser quantities at Shiroro Gorge and at several smaller sites, the entire mechanisms are run on very obsolete equipment and the performance is consequently very epileptic and unsuitable for meaningful economic activity. d) The South South minus Delta The South South is largely in the creeks of Niger Delta and has therefore a small land mass of only 48,321 square kilometers and is populated by 13.6 Million people. Notwithstanding the fact that it is house to Nigerian Oil wealth, this region exclusive of oil company activities like the North is also backward economically. It controls no more than 3% of banking assets, 10% of insurance assets and no more than 10% of industrial assets on account of oil related industries that the indigenes do not control. Furthermore, its overstretched land mass has suffered considerable degradation and its aquatic life destroyed. As a region, its people and economy are worst off than the North as it lacks fresh environment, water and even good air to breath. v Geography, history and particularly the reform agenda of Obasanjo’s regime have created above very dangerous economic structure in Nigeria. By design or by accident Northerners and South Southerners as peoples and regions have been made third and fourth class citizens. We may well choose to ignore these happenings and pretend that they have not happened but doing so will be at the peril of the Nigerian Polity. It is indeed in the interest of the South Westerners and the South Easterners for some affirmative actions to be taken to redress the situation else there will be no real peace in this country moving forward. The so called “religious disturbances” in the Northern States and the Port Harcourt conundrum of kids of less than 15 years carrying guns and terrorizing the population will not stop until these imbalances are consciously addressed and redressed. As the saying goes “where the poor does not sleep because of hunger, the rich too will no
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teufelein:Cheiii This is highly delusional.
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codedslayer: ![]() Yeee booo “Most Igbos say they are the people that developed Lagos and made Lagos what it is today. They say without Igbos, Lagos is finished. And i keep on wondering, how has Igbos helped in shaping and developing Lagos?Lets get the facts right, Igbos didn't develop Lagos, rather, it was Lagos that shaped and made the Igbos what they are today. Without igbos in Lagos, Lagos will remain Lagos and without Lagos, most Igbos may likely be nothing.“Reasons for my assertion is that most giant and top companies that attracts millions of people across the country to Lagos are not owned by the Igbos, so, how has Igbos shaped and developed Lagos?These are the achievements and economic advancement Igbos gave Lagos and Lagosians; tokunbo and fake spare parts at Ladipo Market, China Electronics and pirated CDs at Alaba market, bend-down select clothes at Idumota,yaba and katangowa market, Chinese and tokunbo computers accessories and Fake phones at Computer village Ikeja; are Igbos economical achievement and contribution to Lagos. In fact, most Igbos are causing nuissance in Lagos. A visit to this markets will tell you the amount of nuissance that most Igbos has caused in Lagos. The environments these Igbos traders are mostly populated are always polluted with waste of all sorts, they are dirty,stinking,rough, Attention of illegal shops on the road,on the pipeline and railway lines are encouraged in this market places that causes traffic gridlock and other dangerous acts and when Lagos state government dismantle these illegal shops, they get angry, if Lagos state government close their shops for environmental violation, they pick offence. How then has the Igbos developed Lagos? As far as am concerned, PZ, COCA-COLA, 7UP, CADBURY, MTN, AIRTEL, GLO, ETISALAT, DANGOTE, SHOP-RITES, GOLDEN PENNY, FLOUR MILL, INDOMIE, UNILEVER, P&G, CHI LIMITED, GUINNESS, NIGERIA BREWERIES, OANDO, CONOIL, TOTAL, MOBIL, CHEVRON, SHELL, AQUADANA, KFC, EKO HOTEL, INTERCONTINENTAL HOTEL, PROTEA HOTEL,ORIENTAL HOTEL,JULIUS BERGER, RCC CONSTRUCTION, NESTLE, KPMG, GSK, FRISLAND FOOD, WAMCO, BRITISH AMERICA TOBACCO, FLOUR MILL, SCHLUBEGER, AIT, SILVERBIRD TV, CHANNELS TV, LARFARGE,AVIS,CECC etc are not owned by the Igbos. These companies are what attracted millions of people to Lagos. Igbos shouldn't lay claim that they develop a place by becoming a nuisance. Most of the top churches in Lagos are not also owned by the Igbos. House on the Rock, Redeem, Christ Embassy, Deeper life, living faith, MFM, etc are not owned by Igbos, the only church owned by an Igbo man is TREM, while another Igbo church Lord Chosen church encourage nuissance in Lagos and its also dubbed as the dirtiest church in Lagos.Records shows that 75% of robbery cases in Lagos are carried out by Igbos, 85% of ritual cases in Lagos are carried out by Igbos, 60% of drug cases in Lagos are carried out by Igbos, 70% of fraud cases in Lagos are carried out by Igbos, 90% of pirated CDs in Lagos are carried out by Igbos, 60% of fake and Adulterated drugs in Lagos that has killed thousands of Lagosians are carried out by Igbos, in fact, most of the crimes in Lagos are related to the Igbos so how has Igbos developed Lagos when they can't get their hands off crimes?There is no Igbo man among the top three richest people in Nigeria, so how are they successful?The truth is that the Igbos should be grateful that the Yorubas accommodated them in Lagos peacefully, they shouldn't take the Meekness and kindness of the Yorubas for granted.Igbos didn't make Lagos but its actually Lagos that made Igbos. |
Scholes007:Haaa it does,plenty sef We are talking about oyel nah? Delta state ain't we? Ok ooo |
IDEKEALUMONA:Oh really? I see, buhari is here to stay let him do the needful then. You link or prove please? Thank u[size=8pt][/size] |
Scholes007:Ok ooo Not as a whole, yes some group of people. Individual some deny their tiles with SE nah |
Scholes007:You got is all wrong dude. Did you read my mentions at all, from the beginning? For that fact he want to feel among or belong doesn't mean all must agree with that nah Eh en ![]() Helloooo It's without 5 goe-polical zone of SE nah |
Scholes007:Can you quote that? I did succumbed. It's his choice as not all will agree with him being without five geo-polical zone of SE nah U get? Eh en |
Scholes007: ![]() Cheiii Like I said, being without 6 geo-polical zone of SW, the choice should/must be left to them as individuals or group, better still as a tribe nah U get Eh en |
Scholes007:Good question. This question isn't for me but the good people of kwara. I can recall vividly, bukola saraki denying is yorubaness, should he be force? Eh en |
Scholes007:I belief we are heading someone. Yes, I may have to agree with u. Like I stated, its all a matter of choice on his part to feel belong being without SE geo-political zone. You are what u claim but that's just him as not all will agree with him nah ![]() U get? Eh en |
Scholes007:Yes it does geographically. Fives states oo |
OneNaira6:Easy there won't be any need using abusive words. In essence, according to you, you want to make us belief it's a crime to have interest in the oil and gas like most wealthy yoruba does? Fact here is, you are yet to prove to me that those listed/mention yoruba according to stats are looters or cuRrupt. Na Igbo holy pass? ![]() Is there a crime that those wealthy yoruba preferred oil and gas to any other business and according to the list : we have 8yeeboo 7yorubas? Now,Mrs Alakija is among few or many that are not included in the list. What does that tell us. You still think u are better and other tribes are lazy? ![]() We can not all sleep in the same direction now. Different folks different destiny. You rich you are rich,you poor? Shekena you are poor nah ni He en ![]() |
AnambraDota:It's ok. Well, good for you and him. You are what you claim or want to be or belong to. But not all will agree as being ibo-delta |
OneNaira6:They are where they are,wealthy because they are part of the country called 'nigeria' I shall be here waiting for your stats. Cheers ![]() |
OneNaira6:Easy dude relax. You are mix not ibo. You just happened to be few among that consider yourself ibo. Few accept like u many don't. ![]() |
OneNaira6: ![]() SE has just 5 states nah Where exactly are u from among these five states bro? Enugu,abia,ebonyi,imo,anambra? Please specify oo ![]() |
OneNaira6: ![]() Yeah give me a brake. Isn't this the same orjor that ran abia dry? Ooh I see, ibo delta is a plus for you now? ![]() |
OneNaira6:Lol What we have here is a figure of some few individuals according to tribe. I'm trying to figure what you mean by those yoruba made their though the assistance or looting,right? A prove will be do to drive home your fact/point. In essence, its been proven here that SW,SE and SS are equal and doing well. Hence, none should be tag lazy nor weak or tag below other(s). |
OneNaira6:All men are equal,all tribe her equal. And, the made belief that yeeboo are better or hard working,yoruba are lazy is fallacy. Isn't it obvious? ![]() And please do add alakija, the richest Africa woman: she's from ijebu. |
OneNaira6:http://www.gamji.com/article6000/NEWS7879.htm Nigeria: One Country Four Economies Discussion Points By Falalu Bello, OFR v On the basis of ownership and/or control of resources that make for economic development, post-Obasanjo Nigeria in terms of strength could easily be categorized into 4 economies as follows: a) South West Economy; b) South East plus Delta Economy; c) Northern Economy; and d) South South minus Delta Economy v The four economies mentioned above are fairly distinct with each growing at its own pace. The South Western economy is growing at a faster rate than all followed by South East plus Delta economy whilst those of the North and South South minus Delta could at best be described as stagnant. A simple analysis of these four economies is given below:- a) South West Economy South Western Nigeria with a Land Mass of 76,852 square kilometres and population of 25.2 million today owns and/or control 60% of the nation’s industrial capacity, 44% of banking assets, 67% of insurance assets and is house to the nation’s three deep sea ports of Apapa, Tin Can Island and Roro; the busiest international airport of Ikeja, three thermal stations of Egbin, Papalanto and Omotosho. Today, its three major industrial estates of Agbara, Ikeja and Otta are all linked to gas under the West African gas pipeline plan and piping of gas is ongoing from Otta to Abeokuta. Added to these, the South Western population today is the most educated as western education came through there and education as a resource was democratized since the early sixties. Geographical location, democratization of western education, availability of resources enhanced in last 9 years and some empowerment during the Obasanjo administration have collectively enabled the South Western economy to rank as first of the four economies in Nigeria. Today, the South West as a region can boast of having a defined growing middle class and is perceived to have at least 20,000 of its indigenes with net worth of over N100m each. Take it out of Nigeria, the South West economy with is defined growing middle class and resources, will be one of the fastest growing economies in the world. b) The South-East plus Delta The South Easterners plus their cousins across the Onitsha bridge control commerce in all parts of Nigeria and are thus largely employed. The region has clusters of small scale industries around Nnewi and Aba. The banking consolidation has assisted these people to now have ownership and or control of over 50% of Nigerian banking assets. It also controls 21% of the nation’s insurance assets and 20% of industrial assets. With this development, this region which has not had a commanding control over Nigerian economy will certainly begin to do that now. Commercial activities backed by finance can only grow the economy of South-East plus Delta. The growing strength of financial muscle of this region has been aptly demonstrated by the recent licensing of Micro Finance Banks. Of the over 600 MFBs recently licensed by the Central Bank of Nigeria (CBN), Anambra State alone had 74 whilst Yobe State had 1, Sokoto 5, Zamfara 6, etc. There exists also in this economy a middle class which will now grow itself in number and financial muscle and will almost certainly grow its economy inclusive particularly of small and medium sized industrial base. c) The Northern Economy The North which geographically is 719,435 Square Kilometers or 79% of Nigeria’s landmass and has 75 million or 53.6% of Nigeria’s population has its economy as a consequence of various reforms introduced, been totally grounded. Today, the North has ownership and/or control of no more than 3% of banking assets and 2% of insurance assets and 10% of industrial assets. True, the North has a huge landmass but this has remained under exploited due to jettisoning of time tested policies of price support (as a result of abolishing of marketing boards without putting alternatives) and abandonment of extension services and quality control. Also, the North has a huge population but the population has remained largely uneducated and/or half educated because of near failure of governance in certain States and Local Governments. Currently its most distinguishing characteristic is grinding poverty. Recent poverty statistics indicate that the poverty level of States in the North has been on the increase in the last 9 years and reached over 80%. Its two commercial and industrial nerve centers (Kano and Kaduna) have seen industrial capacity utilization decline to an all time low of less than 10%. The textile, automobile and beverages companies that thrived so impressively in the 1970s and 1980s have collapsed rendering thousands jobless. Although hydroelectricity is generated at Kainji Dam and in lesser quantities at Shiroro Gorge and at several smaller sites, the entire mechanisms are run on very obsolete equipment and the performance is consequently very epileptic and unsuitable for meaningful economic activity. d) The South South minus Delta The South South is largely in the creeks of Niger Delta and has therefore a small land mass of only 48,321 square kilometers and is populated by 13.6 Million people. Notwithstanding the fact that it is house to Nigerian Oil wealth, this region exclusive of oil company activities like the North is also backward economically. It controls no more than 3% of banking assets, 10% of insurance assets and no more than 10% of industrial assets on account of oil related industries that the indigenes do not control. Furthermore, its overstretched land mass has suffered considerable degradation and its aquatic life destroyed. As a region, its people and economy are worst off than the North as it lacks fresh environment, water and even good air to breath. v Geography, history and particularly the reform agenda of Obasanjo’s regime have created above very dangerous economic structure in Nigeria. By design or by accident Northerners and South Southerners as peoples and regions have been made third and fourth class citizens. We may well choose to ignore these happenings and pretend that they have not happened but doing so will be at the peril of the Nigerian Polity. It is indeed in the interest of the South Westerners and the South Easterners for some affirmative actions to be taken to redress the situation else there will be no real peace in this country moving forward. The so called “religious disturbances” in the Northern States and the Port Harcourt conundrum of kids of less than 15 years carrying guns and terrorizing the population will not stop until these imbalances are consciously addressed and redressed. As the saying goes “where the poor does not sleep because of hunger, the rich too will not sle[ “Most Igbos say they are the people that developed Lagos and made Lagos what it is today. They say without Igbos, Lagos is finished. And i keep on wondering, how has Igbos helped in shaping and developing Lagos?Lets get the facts right, Igbos didn't develop Lagos, rather, it was Lagos that shaped and made the Igbos what they are today. Without igbos in Lagos, Lagos will remain Lagos and without Lagos, most Igbos may likely be nothing.“Reasons for my assertion is that most giant and top companies that attracts millions of people across the country to Lagos are not owned by the Igbos, so, how has Igbos shaped and developed Lagos?These are the achievements and economic advancement Igbos gave Lagos and Lagosians; tokunbo and fake spare parts at Ladipo Market, China Electronics and pirated CDs at Alaba market, bend-down select clothes at Idumota,yaba and katangowa market, Chinese and tokunbo computers accessories and Fake phones at Computer village Ikeja; are Igbos economical achievement and contribution to Lagos. In fact, most Igbos are causing nuissance in Lagos. A visit to this markets will tell you the amount of nuissance that most Igbos has caused in Lagos. The environments these Igbos traders are mostly populated are always polluted with waste of all sorts, they are dirty,stinking,rough, Attention of illegal shops on the road,on the pipeline and railway lines are encouraged in this market places that causes traffic gridlock and other dangerous acts and when Lagos state government dismantle these illegal shops, they get angry, if Lagos state government close their shops for environmental violation, they pick offence. How then has the Igbos developed Lagos? As far as am concerned, PZ, COCA-COLA, 7UP, CADBURY, MTN, AIRTEL, GLO, ETISALAT, DANGOTE, SHOP-RITES, GOLDEN PENNY, FLOUR MILL, INDOMIE, UNILEVER, P&G, CHI LIMITED, GUINNESS, NIGERIA BREWERIES, OANDO, CONOIL, TOTAL, MOBIL, CHEVRON, SHELL, AQUADANA, KFC, EKO HOTEL, INTERCONTINENTAL HOTEL, PROTEA HOTEL,ORIENTAL HOTEL,JULIUS BERGER, RCC CONSTRUCTION, NESTLE, KPMG, GSK, FRISLAND FOOD, WAMCO, BRITISH AMERICA TOBACCO, FLOUR MILL, SCHLUBEGER, AIT, SILVERBIRD TV, CHANNELS TV, LARFARGE,AVIS,CECC etc are not owned by the Igbos. These companies are what attracted millions of people to Lagos. Igbos shouldn't lay claim that they develop a place by becoming a nuisance. Most of the top churches in Lagos are not also owned by the Igbos. House on the Rock, Redeem, Christ Embassy, Deeper life, living faith, MFM, etc are not owned by Igbos, the only church owned by an Igbo man is TREM, while another Igbo church Lord Chosen church encourage nuissance in Lagos and its also dubbed as the dirtiest church in Lagos.Records shows that 75% of robbery cases in Lagos are carried out by Igbos, 85% of ritual cases in Lagos are carried out by Igbos, 60% of drug cases in Lagos are carried out by Igbos, 70% of fraud cases in Lagos are carried out by Igbos, 90% of pirated CDs in Lagos are carried out by Igbos, 60% of fake and Adulterated drugs in Lagos that has killed thousands of Lagosians are carried out by Igbos, in fact, most of the crimes in Lagos are related to the Igbos so how has Igbos developed Lagos when they can't get their hands off crimes?There is no Igbo man among the top three richest people in Nigeria, so how are they successful?The truth is that the Igbos should be grateful that the Yorubas accommodated them in Lagos peacefully, they shouldn't take the Meekness and kindness of the Yorubas for granted.Igbos didn't make Lagos but its actually Lagos that made Igbos. Eh ooo ![]() |
OneNaira6:Why not separate S.S from S.E first? Let each stand and let focus on that. Anyway sha: Eh ehn UNVEILING NIGERIANS WHO PLAY BIG IN GHANA 0 COMMENT 21 MAR 2013 POSTED BY •How They Run Big Banks & Insurance Companies When it comes to activities in the Ghanaian economy, Nigeria no doubt is a big player. Nigeria is rated the 3rd biggest investor in Ghanaian economy, after the U.S and China and this explains the magnitude of the massive influence the country wields in terms of business and commerce in Ghana. It is also on record that Nigeria has led the revolution in some key sectors of the Ghanaian economy, especially in the banking and insurance sectors. This piece is about top Nigerian Corporate Executives who are steering the wheels of big corporate institutions and establishments in Ghana, with special focus on the Banking and Insurance sectors. Interestingly, there is no sector of the Ghanaian economy, where you will not find a Nigerian holding a big stake. In the banking sector, there is no way the story of the current revolution in the Ghana banking industry would be told without the mention of names of Nigerian corporate titans who helped in reshaping the sector in the country. One of such men is Dolapo Ogundimu.. He is the Managing Director of Access Bank. Before he took up the job, Dolapo was the MD of Guaranty Trust Bank Ghana. A seasoned banker, Lekan Sanusi is the current MD of Guaranty Trust Bank Ghana Limited. Since he took over, he has kept the flag of the bank flying as one of the biggest financial institutions in Ghana. Zenith Bank is yet another Nigerian bank doing great in Ghana. Daniel Asiedu is the M/DCEO of the bank. Though Asiedu is a Ghanaian, he had spent most part of his career in Nigeria. Another man doing great in the banking sector is Oliver Alawuba. He is the Managing Director of United Bank of Africa (UBA) in Ghana. UBA is one of the best banks in Ghana at the moment. Ghanaians can also not forget Nigerian multi-billionaire businessman, Jimoh Ibrahim in a jiffy. He is one of the men who had done so well for the Ghanaian banking industry. He established Energy Bank 2 years ago and today, the bank has 7 branches across the country. It was adjudged the Most Liquid Bank in Ghana last year and also one of the 2 with the Best Profit After Tax out of 28 banks. The Managing Director of Energy Bank Ghana Limited is Mr. Sam Ayinuola. He has been doing so well for the bank and has been bettering the fortunes of the bank. There is also Mr. Isaac Shedowo, who is the Deputy General Manager of Energy Bank. There is also Mr. Michael Osikoya, who is the Head, Financial Control and Corporate Planning of the Bank. Seasoned Nigerian politician, Senator Iyiola Omisore is another big player in the Ghana banking industry. He, alongside some other Nigerian businessmen floated the First Atlantic Merchant Bank Ghana Limited last year. The bank is set to bring a ne experience to the industry. Another Nigerian entrepreneur who is playing a good role in the Ghanaian banking sector is Oye Balogun. He is one of the new Nigerian businessmen who just moved into banking in Ghana. In the insurance sector, Nigerians are equally playing big. In that sector in Ghana, there are equally a lot of big names who have done well. There are names like that of Dolapo Balogun. He is one of the Nigerians who play big in Ghana where he owns a lot of investments. He started off as a big player in the Insurance sector in Nigeria, having taken over his dad’s insurance business and he has successfully taken it to the next level; expanding the company’s operations to Ghana few years back. You cannot also forget names like Iyiola Saraki who is the MD of Nem Insurance Ghana Limited. There is also Roy Bernard, who runs Capital Assurance, Ghana Limited. Another prominent name in the Ghanaian insurance sector is Bode Oseni, who runs Regency Assurance Ghana Limited. Bode is one of the finest hands in the business of Insurance. In Ghana today, Equity Assurance ranks among the biggest in the Insurance sector. A seasoned insurance guru, Prince Yemi Adetuwo is the MD/CEO of the company. Another big name in the industry is Isola Akintunde. He is the Chief Operating Officer (COO) of Equity Assurance Ghana Limited. There is also Prince Uche Okugo, who runs International Energy Insurance (I.E.I) Ghana Limited. We also have Abiodun Razak. He is the Managing Director of Intercontinental/WAPIC Insurance Ghana Limited. The insurance company, which has been doing well in Ghana over the years, has David Duduyemi as its General Manager. Leaseafic Ghana Limited is a leading name in Finance and leasing services in Ghana. A seasoned Accountant, Alex Mbakogu is the General Manager of the ..of the company. |
OkparaIgbo:You are highly delusional dude. Wake up...wake up...wake up. Buhari is your president. ![]() Join the moving train. Get over the past and live life the fullness. ![]() |
OkparaIgbo:Are you in nigeria at all? And wait..stop this attache nah. S.S isn't S.E. Those fellas ain't ibo and despite your attache yoruba still beat them all. Abegii Dude, isn't there oil in ondo ni Lagos is oyel is on the way too. Talking about S.E, you mean palm oil. Breakdown of the drivers of the Lagos economy by the Lagos state government. Interestingly, seven (7) out of the 28 Sectors emerged as major drivers of Lagos economy: - Manufacturing - 29.60%, - Road Transport - 26.47%, - Building and Construction - 19.70%, - Wholesale and Retail - 8.39%, - Telecommunications - 3.71%, - Financial Institutions - 3.51% - Real Estate - 2.01%. http://www.lagosstate.gov.ng/images/pageimages/downloadfiles/docs/LAGOS_STATE_GDP2010.pdf (page 10) ^^^Which of these sectors is dominated by Igbos? |
NAIJASOM:Eh eh You stats and millions is now base on just one ibo man? Are there no such yoruba making millions secretly as well? My point being, you, your tribe isn't superior. Shekena Eh an And how does this translate to the benefit of all yeebboo and these you are boasting that you are better than? Yeye oo http://www.gamji.com/article6000/NEWS7879.htm Nigeria: One Country Four Economies Discussion Points By Falalu Bello, OFR v On the basis of ownership and/or control of resources that make for economic development, post-Obasanjo Nigeria in terms of strength could easily be categorized into 4 economies as follows: a) South West Economy; b) South East plus Delta Economy; c) Northern Economy; and d) South South minus Delta Economy v The four economies mentioned above are fairly distinct with each growing at its own pace. The South Western economy is growing at a faster rate than all followed by South East plus Delta economy whilst those of the North and South South minus Delta could at best be described as stagnant. A simple analysis of these four economies is given below:- a) South West Economy South Western Nigeria with a Land Mass of 76,852 square kilometres and population of 25.2 million today owns and/or control 60% of the nation’s industrial capacity, 44% of banking assets, 67% of insurance assets and is house to the nation’s three deep sea ports of Apapa, Tin Can Island and Roro; the busiest international airport of Ikeja, three thermal stations of Egbin, Papalanto and Omotosho. Today, its three major industrial estates of Agbara, Ikeja and Otta are all linked to gas under the West African gas pipeline plan and piping of gas is ongoing from Otta to Abeokuta. Added to these, the South Western population today is the most educated as western education came through there and education as a resource was democratized since the early sixties. Geographical location, democratization of western education, availability of resources enhanced in last 9 years and some empowerment during the Obasanjo administration have collectively enabled the South Western economy to rank as first of the four economies in Nigeria. Today, the South West as a region can boast of having a defined growing middle class and is perceived to have at least 20,000 of its indigenes with net worth of over N100m each. Take it out of Nigeria, the South West economy with is defined growing middle class and resources, will be one of the fastest growing economies in the world. b) The South-East plus Delta The South Easterners plus their cousins across the Onitsha bridge control commerce in all parts of Nigeria and are thus largely employed. The region has clusters of small scale industries around Nnewi and Aba. The banking consolidation has assisted these people to now have ownership and or control of over 50% of Nigerian banking assets. It also controls 21% of the nation’s insurance assets and 20% of industrial assets. With this development, this region which has not had a commanding control over Nigerian economy will certainly begin to do that now. Commercial activities backed by finance can only grow the economy of South-East plus Delta. The growing strength of financial muscle of this region has been aptly demonstrated by the recent licensing of Micro Finance Banks. Of the over 600 MFBs recently licensed by the Central Bank of Nigeria (CBN), Anambra State alone had 74 whilst Yobe State had 1, Sokoto 5, Zamfara 6, etc. There exists also in this economy a middle class which will now grow itself in number and financial muscle and will almost certainly grow its economy inclusive particularly of small and medium sized industrial base. c) The Northern Economy The North which geographically is 719,435 Square Kilometers or 79% of Nigeria’s landmass and has 75 million or 53.6% of Nigeria’s population has its economy as a consequence of various reforms introduced, been totally grounded. Today, the North has ownership and/or control of no more than 3% of banking assets and 2% of insurance assets and 10% of industrial assets. True, the North has a huge landmass but this has remained under exploited due to jettisoning of time tested policies of price support (as a result of abolishing of marketing boards without putting alternatives) and abandonment of extension services and quality control. Also, the North has a huge population but the population has remained largely uneducated and/or half educated because of near failure of governance in certain States and Local Governments. Currently its most distinguishing characteristic is grinding poverty. Recent poverty statistics indicate that the poverty level of States in the North has been on the increase in the last 9 years and reached over 80%. Its two commercial and industrial nerve centers (Kano and Kaduna) have seen industrial capacity utilization decline to an all time low of less than 10%. The textile, automobile and beverages companies that thrived so impressively in the 1970s and 1980s have collapsed rendering thousands jobless. Although hydroelectricity is generated at Kainji Dam and in lesser quantities at Shiroro Gorge and at several smaller sites, the entire mechanisms are run on very obsolete equipment and the performance is consequently very epileptic and unsuitable for meaningful economic activity. d) The South South minus Delta The South South is largely in the creeks of Niger Delta and has therefore a small land mass of only 48,321 square kilometers and is populated by 13.6 Million people. Notwithstanding the fact that it is house to Nigerian Oil wealth, this region exclusive of oil company activities like the North is also backward economically. It controls no more than 3% of banking assets, 10% of insurance assets and no more than 10% of industrial assets on account of oil related industries that the indigenes do not control. Furthermore, its overstretched land mass has suffered considerable degradation and its aquatic life destroyed. As a region, its people and economy are worst off than the North as it lacks fresh environment, water and even good air to breath. v Geography, history and particularly the reform agenda of Obasanjo’s regime have created above very dangerous economic structure in Nigeria. By design or by accident Northerners and South Southerners as peoples and regions have been made third and fourth class citizens. We may well choose to ignore these happenings and pretend that they have not happened but doing so will be at the peril of the Nigerian Polity. It is indeed in the interest of the South Westerners and the South Easterners for some affirmative actions to be taken to redress the situation else there will be no real peace in this country moving forward. The so called “religious disturbances” in the Northern States and the Port Harcourt conundrum of kids of less than 15 years carrying guns and terrorizing the population will not stop until these imbalances are consciously addressed and redressed. As the saying goes “where the poor does not sleep because of hunger, the rich too will not sle Not its not about individual, its about tribe or a group of people: their impact on the economic. |
OkparaIgbo:So, those are no longer nigerians? And are those Igbo? Eh eh : 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 3. Femi Otedola – ZENON Oil and Gas 4. Orji Uzor Kalu – Slok Group 5. Cosmos Maduka – Coscharis Group 6. Jimoh Ibrahim – Nicon Insurance, Global Flee 7. Jim Ovia – Zenith Bank, Visafone 8. Pascal Dozie – MTN Nigeria, Diamond Bank 9. Oba Otudeko – Honeywell Group Nigeria 10. Alhaji Sayyu Dantata – MRS Group 11. Umaru Abdul Mutallab – former Chairman First Bank Plc, Mutallab Group 12. Prince Samuel Adedoyin – Doyin Group 13. Dele Fajemirokun – Chaiman Aiico Insurance, Xerox Nigeria, Chicken Republic, Kings Guards etc. 14. Chief Cletus Ibeto – Ibeto Group 15. Raymond Dokpesi – Daar Communication, AIT, 16. Tony Ezenna – Orange Group 17. Chief Molade Okoya Thomas – Chairman CFAO Nig and other six french companies 18. Ifeanyi Ubah – Capital oil and gas 19. Leo Stan Ekeh – Zinox Computer 20. Fola Adeola – GTBank 21. Chief Ade Ojo – Elizade Motors Nig LTD, Distributor of Toyota cars Ok oo ![]() |
emmatok:Abi oo Sheath your swords Hahahahaha, what a joke . Why don't you bring out your arsenals and make war if you're so certain of winning. With a few exceptions, the majority of ibos leaders keep making political miscalculations both in federal and state levels that hinder their progress as a people, and then blame everybody else but themselves when the consequences of their choices come into play. Yorubas might be friendly but they aren't stüpid; they might be patient but they are deadly - as deadly as a venomous belcher’s sea snake. Mess with this tribe at your own peril. So it is now they know that they have economic interests and assets in Lagos worth protecting, yet always eager to disrupt the fragile political and social status quo in place that begets a peaceful and prosperous coexistence. Is this not self-sabotage? Do you think for a moment the Yorubas are blind to the subtle and tactical aim for a gradual takeover of Lagos State the Ibos are planning and acting out? No, the Yorubas have x-ray vision in this case and can see your plans to the bones. It's just right now the sensible Yoruba leaders are still busy with clearing out the "omoale" leaders (as they call it) from their zones and building a solid political foundation for a brighter future for the Yoruba region and its people. Once they are through (and they are almost through), then the ibos case will be opened and addressed thoroughly. What is happening right now that the Yorubas seem to "overlook" certain anomalistic behavior of the ibos is best described by their idiom that says "Iya yin owa ninu cooler" - hope I got it right. That is, your punishment is still inside the cooler; and you will eat it hot in due time, unless there's a change. Lagos State is a very complex society, it is like the New York of America; and every tribe in Nigeria have significant populations in Lagos. Whether it is Binis, Hausas, Ijaws, Idomas, Itshekiris, calabars...or whether peoples from Warri, makurdi, maiduguri, Kabba and other places etc! Lagos State as a society is a perfect microcosm of the totality of the Nigerian society at large. However, it has become commonplace for only the ibos (who subconsciously due to the unfortunate civil war continue to see the Yorubas as their social, economic and political enemies) to want to rigorously compete against the Yorubas as if a battle for conquest and Lagos State is one of the spoils of war. That's why you can already witness the ibos designating Lagos as a "no-mans land" on one hand; but yet on other hand methodically trying to take over the so-called no-man's land. This is totally wrong and unacceptable. Lagos state can never be converted to Ibo land, not now and not in a trillion years from now. Every Nigerian tribe I believe have a part of the land no matter how small that is theirs or rather they are the custodians of due to ancestry, conquest or what have you. But the era of conquests is over and no individual tribe has the moral or legal right, or political might to encroach or seize another tribe's accustomed lands. Only the federal government can further share lands to/from tribes as they see fit, and even with all the federal might this can't be done with impunity anymore because fortunately for everyone the era of military rule is over. No federal government will ever share Lagos to any tribe other than Yorubas. It is their inheritance in Nigeria. The ibo inhabitants in Lagos need to understand this: Lagos was, is and always will be a Yoruba State. So the earlier you drop your scheming of "conquering" Lagos, the better for you. Now, regarding taxation and the DEVELOPMENT of Lagos State, many ibos keep making erroneous claims. They say stuff like: without ibos Lagos State would not have developed the way it has; ibos pay the most taxes; ibos built Lagos; Lagos can't survive without ibos...blah blah blah! Seeing how far this fallacy is spreading, it's best the matter is addressed for the sake of clarity and peace. First off, taxation of businesses and individuals in Lagos State isn't peculiar or exclusive to ibos alone. Everyone pays tax, irrespective of tribe - heck, even Yorubas pay tax and are not exempted. The Lagos State government doesn't have a discriminating taxation policy. Its tax policy is blind to tribe. Ibos don't pay more than everybody else and Yorubas don't pay less that everybody else. The tax percentages are at fixed rates. If we're talking about "amount" of taxes being generated on a tribal basis, unless you're the accountant general of Lagos State, it remains arguable which tribe brings in the highest percentage of taxes. Quantity doesn't necessarily translate to bigger amounts. For example, one company's tax returns in VI can be greater than the tax returns of 100,000 businesses tax returns in Oshodi and Agege combined. So tax revenues can't be estimated based on "quantity" of businesses. Therefore, because there is a proliferation of businesses by ibos across Lagos doesn't necessarily mean or translate that ibos are the largest contributors of taxes. Also, taxes aren't collected along tribal lines; so it will be really difficult for any tribe to indisputably PROVE that they are the largest tax contributors. All the noise ibos keep making claiming to be the ones are unfounded assumptions originating from the most unrealistic parts of their figments of imagination. They have no documented facts with figures from the Lagos state government to legitimize such false claims. It just might be the Hausas, Binis, Ijaws or some other tribe - who knows! As for development, whether economic and social, Lagos state even before it became a federal capital has always been thriving and prosperous. This is one of the major reasons Lagos later was selected to be a federal capital in the first place. It was an exceptionally promising state booming with exponential economic and social development potential vital for Nigeria's nation building. Lagos wasn't selected out of the blues or by raffle draw to become the federal capital. It was political genius to have done so. I can't dwell so much on this and anyone in doubt can look through the established history books and educate themselves. Development is progressive; it never stops or isn't meant to stop. After Lagos became a Federal capital, the development continued. After it lost that status, the development still continued and federal capital or no federal capital, one thing you could never strip from Lagos State is its super-economic potential. It was a state destined for greatness and nothing could stop it. Economically speaking, Lagos State was like the hand of Midas and everything that touches it turns to gold. To make money, isn't that the foremost reason all tribes have migrated to Lagos? Can't money be made elsewhere? Yes, but certainly not at the speed and success rate Lagosians seem to do it in Lagos. The economic potential was what brought the ibos to Lagos - it's all about coming to make money! Yes, just like everybody else that came, the ibos came to make money and make a life. Now that they have done so, the rest of the tribes can't rest again because the ibos feel they have arrived and arrogantly act as if they now own the state forgetting they met people here when they came. Ibos weren't the first tribe to prosper in Lagos, and ibos won't be the last; ibos aren't the first billionaires in Lagos, and ibos won't be the last. So why all the braggadocious display of economic arrogance towards other tribes, especially your hosts? Dangote (a billionaire in $$$$$) lives in Lagos and a considerable chunk of his business empire is in Lagos but he's not making noise and disturbing the peace in the land, so why must the ibos be harassing others and causing commotion just because they have attained some measure of wealth and every other tribe in Lagos should bow to you. It will never happen. This arrogant character has to stop. No one is intimidated by the ibos wealth because as far as Lagos is concerned, there are wealthy people from all tribes living there. Now, some more history, ibos didn't bring money to Lagos; rather they came to make money from Lagos. And ibos did, some legally and some illegally. Regarding taxes, whatever monies paid to the Lagos government wasn't made in Onitsha, Aba, Owerri, or Umuahia etc. It was made in Lagos and through Lagos. So it's only reasonable and proper that the taxes due be remitted to Lagos. If ibos are paying tens of billions naira in taxes to Lagos, then it's because they have already made hundreds of billions naira. And this is the same for all other tribes, so why are the ibos making a big deal out of this as if they're doing what nobody else is doing in Lagos. Businesses only pay taxes based on what you earn in the state and through the state. You don't pay what you didn't earn. So why are ibos talking as if the taxes they pay to Lagos was earned in Onitsha and they were compelled by the government to bring the money to Lagos; wasn't it earned in Lagos? Regarding the social development of Lagos, did ibos develop Lagos? No! The ibos developed themselves. The ibos didn't build Lagos roads, bridges, schools, rail, or other public infrastructure. Who built all these? The federal and state governments using national and state resources respectively. So am I saying the ibos built nothing in Lagos? No, i'm not. Then what exactly did the ibos build in Lagos? Well, the ibos built THEIR homes, built THEIR houses, built THEIR businesses...etc! So essentially, the ibos built themselves in Lagos - no more, no less. You didn't build for Lagos, you built for yourselves in Lagos, same thing with other tribes, but the ibos keep talking blindly as if they are charity and what they built was handed over to society. Now you might want to say, What of the taxes they paid, didn't the government use taxpayers money to develop Lagos? Well, ibos are not the only ones who paid taxes. Hausas, ijaws, igallas, idomas, binis, urobos...also did too! Every tribe paid taxes in Lagos, heck even foreigners too. But yet, it's only the ibos making silly noise that they developed Lagos. This childish stupidity is annoying, and you should grow up mentally. If ibos built houses, you built it so that you can enjoy; if you built businesses, you built it so that you can enjoy...and so on! You built yourselves in Lagos, you didn't build Lagos. You developed yourselves in Lagos, you didn't develop Lagos. Lagos State is a natural economic magnet attracting investments from investors locally and globally. Those who bring in money are bringing in money to make more money or other benefits - and not for charity. There's always something to gain from Lagos. If all ibos and ibos assets were to be relocated from Lagos to the SE, would it destroy the Lagos economy? No, not in any way in reality. That "vacuum" (whether properties or investments) created will be filled almost instantly. As it is, there are thousands upon thousands of people rushing to get here daily, and millions more (both locals and foreigners) would come settle here if such a vacuum existed. Lagos is already in shortage of lands and many settlement projects are being built on the seas, like the Eko Atlantic city. I could go on but even this is enough to prove the versatility of the economic prosperity of the land flowing with milk and honey called Lagos state. For several years, the OBJ administration deprived Lagos of federal funds, yet Lagos didn't even feel it one bit. Lagos is a hub of prosperity on its own, take it or leave it. So the ibos shouldn't get it twisted, Lagos will continue to prosper with or without you. Nigeria needs the ibos and the ibos need Nigeria. But Lagos doesn't need the ibos; it's the ibos that need Lagos. Now stop creating any more conflict drama in Lagos than you already have and appreciate your hosts and other tribes. If the ibos are disgusted about paying taxes to Lagos and coexisting peacefully with mutual respect for the Yorubas hosts and other tribes inhabiting Lagos, then well the South East needs further development, the South East governments need taxes too to perform their obligations, so you're free to go to your home states and do the needful. ![]() |
mountain2019:I will tell what backwardness is all about; 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." Jeolous my bombom. ![]() |
mekadinho:lol local champion. go n develop abia first. lol ![]() mekadinho:lol local champion. go n develop abia first. lol |
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Idiot yoruuwwba always known for trying hardest to put confusion between two brothers. Hahaha SS and SE are brothers with very close ancestral links. We have continually displayed our harmony by living peacefully together in Biafra land which exisited long before the zoo now called nigeria was created by a white man (Who by the way is crying by Awolowo's side in the hottest part of hell). There is nothing your evil media and agenda will do to succed in putting we and our Southern brothers who together we make up Biafra in war with each other because The Most High in His infinite mercy has sent us Radio Biafra to remind us of how we lived together in Love and Harmony. So talk all you want in your oily media, we know ourselves and we demonstrated the love in this recent election for those who voted in Biafra Land..
