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Nairaland Forum / Nairaland / General / Politics / The South-West contributions to Nigeria's economy and other myth-busting facts (15908 Views)
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The South-West contributions to Nigeria's economy and other myth-busting facts by Nobody: 6:48pm On Sep 11, 2016 |
Preface Last week, an Nsukabagger named Ikechu-coon opened a thread asking us what the SW contributes to Nigeria's economy Imagine! Maaan these people really disrespect us gaan ooo. No be their fault sha. Na because we dey share the same country nah ![]() I arrived very late to that thread and I don't like jumping on threads like that. I love details and I like everyone to see what I'm posting so you can share it for future use. Someone already created a thread showing us the contributions of the SW, I'm just here to add more and back it up with facts. Nairaland is a big forum. Whatever people see here is what they swallow and it's upon us as Yorubas to always set the records straight. We'll also use this thread to bust some age-long myths being spread around by Nsukabaggers Caveat to you rising Gala-preneurs/nsukabaggers Please...pleease.....pleeeease I don't want to see any bullshit about people who make use of the ports and blah blah. You can see the title of my thread or the talk of Yorubas not wanting you to have Biafra. I've sorted that out on another thread. Go look for it Thanks 15 Likes 1 Share |
Re: The South-West contributions to Nigeria's economy and other myth-busting facts by Nobody: 6:48pm On Sep 11, 2016 |
The SW holds 60% of Nigeria’s industrial capacity ,about 60% of the country’s banking assets and 67% of its insurance assets Lagos and its surroundings are home to about 60% of Nigeria’s industrial base No be me talk am NA INVESTMENT PROMOTION COUNCIL talk am Revenue generated from two of Nigeria’s most important deep seaports – the Lagos Port Complex (Apapa wharf) and Tin Can Island “Last year alone, between January and June, over N1 trillion was realised from the Apapa ports without a certain share given to the state that owns the larger percent of the roads that were used to haul the goods within and to other states. The Tin-Can Island Command of the Nigeria Customs Service (NCS) generated a revenue of N130.76 billion in the last seven months of the year. Funny enough, Apapa Local Government generates more revenue for the FG than some regions ![]() Revenue generated from Nigeria’s busiest airport (MMIA) Nigeria Customs Service, NCS, Murtala Muhammed International Airport Command, says it generated at least N20.1 billion revenue from its operations in the first half of this year. Limestone/Cement exports, Cocoa exports, Tobacco exports Nigeria earns N55.4b from tobacco, says NEPC NATIONAL EXPORTS COMMISSION TOP-TEN EXPORTED PRODUCTS, 2013 ![]() http://www.nepc.gov.ng/upload/NEPC%20ANNUAL%20REPORT(2013).pdf South-west is Nigeria's mining Capital and is the largest contributor to its solid minerals revenue www.businessdayonline.com/ogun-emerges-mining-capital-of-nigeria/ Limestone accounts for 52% of Nigeria's solid mineral exports of which Ogun state is the largest contributor ![]() State by state royalty payments as at 2013. This definitely must have increased because Dangote has increased production since then ![]() neiti.org.ng/sites/default/files/pdf_uploads/NEITI-SMA-REPORT-2013/2013-SMA-Report-Simplified.pdf www.thecable.ng/nigeria-generating-revenue-sand-gold-5-revealations-neitis-reports Not forgetting this www.nairaland.com/attachments/4192680_mining_jpegf0c3f8b47f6463bc24ee55b3940bb1ab www.nigerianstat.gov.ng/download/420 10 Likes 2 Shares |
Re: The South-West contributions to Nigeria's economy and other myth-busting facts by ODVanguard: 6:49pm On Sep 11, 2016 |
[b]The Manufacturers Association of Nigeria (MAN) in its latest economic review (2015) said the production value recorded by the Ogun Industrial Zone accounted for 69 percent of total production for all zones, thus re-confirming Ogun as the industrial hub of the nation. 9 Likes 2 Shares |
Re: The South-West contributions to Nigeria's economy and other myth-busting facts by HungerBAD: 6:50pm On Sep 11, 2016 |
Following 2 Likes |
Re: The South-West contributions to Nigeria's economy and other myth-busting facts by ODVanguard: 6:50pm On Sep 11, 2016 |
This is the list of major Nigerian imports and their worth -- before some people come and claim that their substandard imported merchanise constitute the bulk of the revenues generated via SW ports. ![]() ![]() Refined petroleum- 15% ($7.83-billion) Cars- 3.4% ($1.75-billion) Wheat - 2.8% ($1.46-billion) Packaged medicaments - 1.4% ($752-million) Rice - 1.4% ($706-million) Concentrated Milk - 1.3% ($679-million) Raw Sugar - 1.3% ($668-million) Malt extract- 0.84% ($441-million) Sources: http://atlas.media.mit.edu/en/visualize/tree_map/hs92/import/nga/all/show/2014/ 14 Likes 1 Share
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Re: The South-West contributions to Nigeria's economy and other myth-busting facts by ODVanguard: 6:50pm On Sep 11, 2016 |
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Re: The South-West contributions to Nigeria's economy and other myth-busting facts by ODVanguard: 6:51pm On Sep 11, 2016 |
... 4 Likes |
Re: The South-West contributions to Nigeria's economy and other myth-busting facts by ODVanguard: 6:51pm On Sep 11, 2016 |
MSME Distribution Nationwide Source: nigerianstat.gov.ng/pdfuploads/SMEDAN%202013_Selected%20Tables.pdf 8 Likes 3 Shares
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Re: The South-West contributions to Nigeria's economy and other myth-busting facts by YonkijiSappo: 6:52pm On Sep 11, 2016 |
[size=13pt]Lagos and Environs are home to 60% of Nigeria's Industrial Capacity, While the South-West produced more than 70% of Nigeria's Industrial output in 2014[/size] ![]() Industrial Output Lagos (Ikeja) - 46.40% Ogun - 21.86% Kano (Charada/Challawa) - 11.77 Plateau/Benue/Bauchi - 11.23% Kano (Bompai Zone) - 3.21% Anambra/Enugu - 1.85% Kaduna - 1.28% Oyo/Ondo/Ekiti/Osun - 1.13% Edo/Delta - 0.46% Imo/Abia - 0.43% Rivers - 0.26% Lagos (Apapa) - 0.13% Share of Industrial investment Ogun Industrial Zones - 78.0% Ikeja Industrial Zone - 8.3% The data further show investments in Kano/Sharada/Challawa as N19.75 billion and those of Oyo/Ondo/Osun/Ekiti as N19.2 billion within the period under review. Anambra/Enugu that had N5.5 billion worth of investments. while those of Imo/Abia were estimated at N309 million. http://businessdayonline.com/2015/02/ogun-ikeja-top-manufacturers-investment-destinations-in-2014/ The Nigerian manufacturing sector has continued to improve its productivity in direct response to various intervention programmes by government. The sector’s capacity utilization has grown from an average of 35% in the 1990s to an average of 55% in the last three years. The average contribution to National GDP has grown to over 9% in 2014.Lagos and its surroundings are home to about 60% of Nigeria’s industrial base. Other key industrial centres are Kano, Aba,Port-Harcourt, Ibadan and Kaduna. Nigeria’s most important manufacturing industries include cement, food processing, textiles, detergents and emerging automotive assembly plant ![]() http://www.nipc.gov.ng/index.php/opportunities-by-sectors/manufacturing.html 10 Likes 3 Shares |
Re: The South-West contributions to Nigeria's economy and other myth-busting facts by YonkijiSappo: 6:53pm On Sep 11, 2016 |
SW Nigeria contributes to the Nigerian project through our international Land Borders in Lagos, Ogun, Oyo and Kwara. With the Ogun State Zone being the most profitable International Border of Nigeria. In Totality, The South-West controls the 1st, 3rd and 4th most profitable Land Borders of the country. Nigeria Customs generate N385.7 billion revenue in 6 months – official http://www.premiumtimesng.com/business/business-news/208622-nigeria-customs-generate-n385-7-billion-revenue-6-months-official.html Nigeria Customs at Seme generates N963.7m in March, N695m in June July 2016 http://newtelegraphonline.com/customs-generate-n963-7m-seme/ http://sunnewsonline.com/nigeria-customs-seme-generates-n695m-in-june/ Custom Generates N1.2 Billion on Rice in 2 Months through Land Borders (2015) https://www.customs.gov.ng/Publications/news_results.php?NewsID=242 Nigeria Customs Service has recorded a total revenue of N1,178,720,376 on Rice Imports through the land borders in October and November 2015. During the same period, the total quantity of rice imported through the land borders stood at 17.596 Metric Tonnes. ![]() 6 Likes 2 Shares |
Re: The South-West contributions to Nigeria's economy and other myth-busting facts by nototribalist: 6:56pm On Sep 11, 2016 |
Zombies full here. 12 Likes
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Re: The South-West contributions to Nigeria's economy and other myth-busting facts by YonkijiSappo: 6:58pm On Sep 11, 2016 |
^^^ "Shinedu" be like: ![]() 24 Likes 1 Share |
Re: The South-West contributions to Nigeria's economy and other myth-busting facts by YonkijiSappo: 7:03pm On Sep 11, 2016 |
...... |
Re: The South-West contributions to Nigeria's economy and other myth-busting facts by YonkijiSappo: 7:04pm On Sep 11, 2016 |
Crack - pot - weed |
Re: The South-West contributions to Nigeria's economy and other myth-busting facts by Nobody: 7:29pm On Sep 11, 2016 |
Don't mind those gala and fanyogo guys,southwest contribute nothing but they'll convey their ancestors and descendants to Yoruba land to deal in their usual petty trade. 15 Likes 1 Share |
Re: The South-West contributions to Nigeria's economy and other myth-busting facts by Nobody: 7:43pm On Sep 11, 2016 |
. 4 Likes |
Re: The South-West contributions to Nigeria's economy and other myth-busting facts by lawani: 7:58pm On Sep 11, 2016 |
The land is violated with non Yorubas especially Hausas and fulanis ganging up to lynch people to death, burn down houses and etc. Ijaw militants running things in the creeks and etc while Igbos too stay here and say in public that they do not like the Yorubas! The breakup of Nigeria should be our minimum demand, so that we merge with our people to the West, we delineate into states and give income tax to the center while allowing states to control the police while their army divisions is staffed mainly by them. As per contribution to the economy of present Nigeria. SW even without Yorubas in Kwara, Niger and Kogi also Delta is number one, followed by NW, then probably SS, NC or SE then NE is last. SW GDP must be over 35 percent of Nigeria's GDP, so if you add all Yoruba in like ten states, it may be 40 percent of Nigeria's economy. When you talk of the money being mismanaged, as in oil money, a large portion of it comes from Yoruba territorial waters and lands but that is not economy but a hinderance to economy. All groups have their share of the economy which is a chunk of the whole. 5 Likes |
Re: The South-West contributions to Nigeria's economy and other myth-busting facts by SuperS1Panther: 8:06pm On Sep 11, 2016 |
You even have the time of those cowardly and defeated ''Ojukwus''. They are mere noise makers that achieve things orally and never in reality. You have successfully showed the world that SE and her people contribute nothing, i repeat nothing to Nigeria. They are economic saboteurs that import sub-standard goods into Nigeria, shipping our employment to China. The most shocking statistics stated is the number of MSMEs, which is the only area they used to boast of. SW still dust them again and again. There are even more MSMEs in Kano and Rivers than each of the SEastern states. ''Ojukwus'' and lies are one and the same. Wallahi. 20 Likes 3 Shares |
Re: The South-West contributions to Nigeria's economy and other myth-busting facts by bakynes(m): 8:09pm On Sep 11, 2016 |
The IPOB guy must be crazy. We all know after the SS, SW contributes the largest revenue for this country. Non-oil sector SW contributes the largest revenue for the FG. 12 Likes |
Re: The South-West contributions to Nigeria's economy and other myth-busting facts by YonkijiSappo: 8:10pm On Sep 11, 2016 |
chiefobdk: Disgruntled OSUS trying to miraculously boost their naturally Inferior status like: ![]() Delusions of grandeur ![]() What you don't have, you simply don't have it. Clay won't miraculously turn into Gold because you want it to. ![]() ![]() ![]() ![]() ![]() 19 Likes 1 Share |
Re: The South-West contributions to Nigeria's economy and other myth-busting facts by SuperS1Panther: 8:16pm On Sep 11, 2016 |
Watch as the ''Ojukwus'' will keep avoiding this thread that shows verifiable statistical information. 11 Likes 1 Share |
Re: The South-West contributions to Nigeria's economy and other myth-busting facts by lawani: 8:22pm On Sep 11, 2016 |
SuperS1Panther: All groups have their share of the GDP. SE is like half of SW population, so dont expect similar economic size. |
Re: The South-West contributions to Nigeria's economy and other myth-busting facts by ODVanguard: 8:22pm On Sep 11, 2016 |
@SuperS1Panther: Empty barrel niwon. Enu lasan ni won ni. ![]() 9 Likes 2 Shares |
Re: The South-West contributions to Nigeria's economy and other myth-busting facts by YonkijiSappo: 8:27pm On Sep 11, 2016 |
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Re: The South-West contributions to Nigeria's economy and other myth-busting facts by ODVanguard: 8:31pm On Sep 11, 2016 |
Mynd44 it seems Omoajowa7's second post has been banned by the Anti spambot |
Re: The South-West contributions to Nigeria's economy and other myth-busting facts by ODVanguard: 8:31pm On Sep 11, 2016 |
ccdd |
Re: The South-West contributions to Nigeria's economy and other myth-busting facts by Nobody: 8:31pm On Sep 11, 2016 |
They're not even largest contributors to the revenue generated from Lagos ports neither are they the major tax payers in Lagos ![]() ![]() The Executive Chairman Lagos State Internal Revenue Service (LIRS), Mr. Olufolarin Ogunsanwo, revealed yesterday that only five million people are tax compliant in the state. This is even as Theophilus Emuwa, a tax expert has estimated that out of the five million in the tax net, 90 percent of the tax payers are from the Organised Private Sector, OPS, and public servants while 10 percent are from informal sector in the state. http://www.vanguardngr.com/2016/08/5-million-tax-compliant-lagos-lirs/ 13 Likes 2 Shares |
Re: The South-West contributions to Nigeria's economy and other myth-busting facts by SuperS1Panther: 8:32pm On Sep 11, 2016 |
lawani: Then, they should learn to stop punching above their weight and making noise like empty barrels. Even if they quadruple their population and enlarge their land mass three times the current one, they CAN NEVER contribute 25% of what SW is contributing to Nigeria. They contribute zilch to the nation. 12 Likes 1 Share |
Re: The South-West contributions to Nigeria's economy and other myth-busting facts by SuperS1Panther: 8:40pm On Sep 11, 2016 |
ODVanguard: We are used to their noise making since the advent of Nairaland. Thy can only run but cannot hide from statistical truth. 9 Likes |
Re: The South-West contributions to Nigeria's economy and other myth-busting facts by Nobody: 8:40pm On Sep 11, 2016 |
odvanguard e ba mi pa ti yin re Won ti tu mi sile 2 Likes |
Re: The South-West contributions to Nigeria's economy and other myth-busting facts by Nobody: 8:56pm On Sep 11, 2016 |
I haven't even added Ondo state's oil contribution sef 5 Likes |
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