rockbase360: AND YOU WONDER WHY AN IGBO MAN WILL NEVER BE PRESIDENT?..KEEP IT UP

manny4life:

It's easy to compute it via GDP, but you forget very quickly that Nigeria doesn't have a sophisticated electronic measuring system to track these indices depending on what approach. For instance, is the taxi driver, the okada driver, the market seller, the drug store, the importers , buyers and resellers in the market, do they declare their annual revenues and income? If they don't declare it, how will NBS or CBN capture the real income activity?

looplat:

>>>>>>>>>>>>> From the same bullshiit writeup. Ibos were the target in Jos but yoruba still lost N450bn compared to ibo's N410bn. What does that tell you?

The total property value in Lagos as at December 2012 is estimated at about N350 trillion Naira by the Lagos state government and total market capitalization of the Nigerian stock exchange as at 2012 is about N8.9 trillion ($57 billion). How the hell is ibo investment in lagos N300 trillion if the estimated value of lagos is N350 trillion? So ibos own everything in lagos, yes? Ibos don't even own 10% of the lands and properties in lagos.

If lagos is valued at N350 trillion and its value is higher than Abuja, how the hell did ibo investments in abuja get to N600trillion?

The Land distribution based on C of O in abuja as at december 2012 shows 20% to SW, 20% to the north, 20% to the SS, 20% to the SE, 20% to businesses and foreign missions. So how did ibos get the 73% figure?

manny4life:

If you still did not understand my post, you obviously wouldn't get it. You can only have record of something that's documented (Exhibit 1). For instance, with more than 16million individuals, apportioned to 8:1 (persons to 1 home), that's an average of 2million residential homes, when you average that on the "total property value" to get sq.ft per home, you will realize that Lagos govt hasn't accounted for more than 50% residential properties in Lagos.

When they say property value, they talk about "documented properties" such as Lands, factories, industries, commercial/business bldgs, retail properties, hotels, and some high value real estate, and the list is endless, that figure doesn't include the average Joe's residential house. That is the point I'm driving at.

If good statistics where to take place, and ALL properties where accessed a value, then you will see what exactly I'm talking about.

As for the stock market, the stock market is VERY SIMPLE of what it is. It ONLY represents companies that trade on it, heck, according to CBN money movement data, traders in these markets move billions daily, these traders do not trade on NSE, so how will you reconcile that? The NSE is representing trading companies that lists on the exchange in that geographical area, not the traders, importers, exporters, buyers, sellers, hoteliers (if they're not publicly traded), etc (Exhibit 2)

Dude, if you get my point, then you will grasp what I'm talking about.

looplat:

So how the hell did they come about those figures when you put both exhibit 1 & 2 in your post into consideration? The only one that's provable (the Jos crisis) shows that despite ibos being the main target of the crisis, yoruba still lost more investments than ibos. what does that tell you?

Based on your own post, do you agree with me that the figures in the article is pure fallacy. Yes or no?

manny4life:
You should defer that question to those who put up the numbers, I was disproving that Nigerian GDP data doesn't account for more than half of Nigeria's activity, even Yemi Kale of NBS and even SLS of CBN have acknowledged that fact.

With regards to the Jos crisis, like seriously? That's even more laughable because considering several factors - locations of incidents, casualties involved, assets that were destroyed in this crisis, that I won't even argue with you on that.

People brandish figures they want, it may be indeed fallacy but the crux of the matter is not necessarily the numbers but making a point that Igbos own significant investments.

ola_pluto: Conversation between two Igbo men:
Igbo 1: I have 20 containers worth $150 Billion on the high sea
Igbo 2 (response): I have landed property in Lagos worth over £1.2 Trillion
Igbo 1: My brother if its landed property, I own Banana Island and all of Lekki. That toll gate was my gift to them
Igbo 2: I just bought half of Ibadan for N150 Trillion, the governor is visiting me in the evening for the cheque

If Igbos can boast to themselves as above, bless the remaining tribes in Nigeria. Natural braggarts always miss the limit of common sense.

looplat:

It isn't about 'maybe', it's either yes or no. Do you agree with the figure or not? Ibos and other Nigerians own significant investments in Nigeria. So do foreigners. But the problem with ibos is that, they like blowing their own trumpets with ridiculous figures just to create unnecessary tensions and put their lives at risk.

I dare say Niger Deltans combined own more investments in Nigeria than ibos. Hausas might also have something to say about that since they control the hard currency and cash inflow in the country.

muktarl: suswan is one sided. he forgot to record that hausa fulanis are great merchants. economically and commercially the north is very relevant. i will release more infor

Adamskuty: arrant nonsense,most of the investment is through drug money

looplat: C of O of all the lands in Abuja

http://www.agis.fct.gov.ng/PDF/Appendix%20A.pdf
http://www.agis.fct.gov.ng/PDF/Appendix%20B.pdf
http://www.agis.fct.gov.ng/PDF/Appendix%20C.pdf
http://www.agis.fct.gov.ng/PDF/Appendix%20D.pdf
http://www.agis.fct.gov.ng/PDF/Appendix%20E.pdf
http://www.agis.fct.gov.ng/PDF/Appendix%20F.pdf
http://www.agis.fct.gov.ng/PDF/Appendix%20G.pdf



Where did the 73% ownership for the ibos come from?

manny4life:

Unless if I smoked ganja tonight, your PDF files don't have ethnic distributions, or am I missing something? How did you arrive at your equal 20% distribution?

The Minister in charge of the Federal Capital Territory (FCT), Mallam Nasir el-Rufai over the weekend declared that Igbos have acquired about 73 percent of landed property in Abuja.
The Minister, who was addressing a gathering of Southeast elected officials also revealed how the National Chairman of the Peoples Democratic Party (PDP), Senator Ahmadu Ali abused him for demolishing his house in Asokoro District in Abuja.
Speaking on a lighter mood, el-Rufai called on the Igbos to take Abuja as the sixth state of the southeast in view of their dominance of the real estate sector of the FCT.
He pointed out that such dominance explains why the Igbos appear to have been the worst victims of the demolition exercise in the territory.
For instance, he said “68 percent of the land allocations in the FCT belongs to the 19 northern states, but in actual land ownership, 73 percent belongs to the Igbos with the most aggressive in land ownership belonging to the indigenes of Anambra state, while Ebonyi lags behind.”

manny4life:

Unless if I smoked ganja tonight, your PDF files don't have ethnic distributions, or am I missing something? How did you arrive at your equal 20% distribution?

looplat:

You probably OD(ed) on ganja not to be able to see the names and their various tribes.

looplat:

I have the names of all the estates in lekki and ajah. Also the list of the C of O. I doubt ibos make up 10% of the population of people there. There are more people from south south there than ibos. same for Victoria Island. The only place on that axis with significant ibo population is ikoyi and they are not even up to 20% of the people there. Banana island has less than 3% ibo population.

I will start exposing their fallacies soon.

Boi , u sound so BITTER

....... If u knew u were such an anti igbo why then did u open the thread , knowing fully well that the thread is pro-igbo

......U see, u are only hurting urself .

looplat: How dumb can you be to be the 'actual' owners and not put your name on the C of O?

ibo pipu go kill pesin with laff