@ topic >>> guess it went into someone's belly  

This topic is a clear case of funds mismanagemeht ranging from the presidency to the councellor. nigeria can not be aggregaded of the same proximity with common Benin Republque, Ghana and other west african countries when it comes to infrastructure. why because the nigerian leaders are incompetent. going by the nigerian oil annual statistical revenue report, basic infrastructure wouldn't have been a case study in nigeria. an stimate of $30Billion annually could earn nigeria more than what we have in term of development if properly managed by expert. we are talking of revenue generated from oil, what happen to the once generated from NPA and others?. the truth must be told, the nigerian previous leader were rightly behind the clock. lets hope for a change in this present administration

martinosi:

So as you can see from my explaination above.^^^^ Canada, Australia and even USA was built on Agriculture and Mineral resources, RESOURCE/PRODUCTIVE CAPITAL,

as long as tensor777 alias ikengawo are concerned you people should continue fishing with your rods, baskets and continue farming with your hoes to help your community. after their parents have stocked all the countries monies in the personal accounts outside nigeria. If nigeria is so good ask them why they prefer to school abroad?

martinosi:

So as you can see from my explaination above.^^^^ Canada, Australia and even USA was built on Agriculture and Mineral resources, RESOURCE/PRODUCTIVE CAPITAL,

Old boy just forget this issue. Well over 95% of Australia's OR Canada's GDP is based on non primary goods and services so what is your point? These countries are already fully industrialized and developed.
Apart from that Canada and Australia are vast but very sparsely populated sub-continents and hence are able to take advantage of economies of scale in the agricultural sector. So of course with this comparative and competitive advantage you should expect such countries to have huge agricultural surpluses for export.

ohaechesi:

This topic is a clear case of funds mismanagemeht ranging from the presidency to the councellor. nigeria can not be aggregaded of the same proximity with common Benin Republque, Ghana and other west african countries when it comes to infrastructure. why because the nigerian leaders are incompetent. going by the nigerian oil annual statistical revenue report, basic infrastructure wouldn't have been a case study in nigeria. an stimate of $30Billion annually could earn nigeria more than what we have in term of development if properly managed by expert. we are talking of revenue generated from oil, what happen to the once generated from NPA and others?. the truth must be told, the nigerian previous leader were rightly behind the clock. lets hope for a change in this present administration

You are so amusing. How much in fact is this $30 billion that you are making noise about.?
Is this bragging and denigrating  neighbouring countries as common caused by puffed up pride and arrogance so prevalent in some Nigerians?
In fact taking a conservative estimate of a 100 million population it amounts to just $300 per person per annum.

^^^^^^

Not much ($30 billion), we know that.

The question is: where is the money? Where is the 'little' you have made so far?

In foreign accounts of our nouveau riche. Isn't it?

tensor777:

You are so amusing. How much in fact is this $30 billion that you are making noise about.? Is this bragging and denigrating neighbouring countries as common caused by puffed up pride and arrogance so prevalent in some Nigerians?
In fact taking a conservative estimate of a 100 million population it amounts to just $300 per person per annum.

i'm surprise you got me weave incomprehensible. i never argued the fact nigerian oil annual revenue is insufficient. my point is that with such huge amount put together with other revenue, nigeria will be a better place for you and i when it come to infrastructure. the truth is that there are no proper accountability in the nigerian system of government, period

ohaechesi:

i'm surprise you got me weave incomprehensible. i never argued the fact nigerian oil annual revenue is insufficient. my point is that with such huge amount put together with other revenue, nigeria will be a better place for you and i when it come to infrastructure. the truth is that there are no proper accountability in the nigerian system of government, period

You are incomprehensible. How is $30 billion for defence and security, administration, health, education, capital development, etc etc and for a young population of 100 million, a huge amount?

We are talking of an annual budget left over of just $5 billion for infrastructural development. In what way is that sufficient to build and manitain transport infrastructure and the utilities?

What are you on about?

it's sickening how they squander all that money all this years. when are nigeria's leaders going to clean up their act

All these foreign based armchair generals that use mouth to scatter their fatherland makes no sense. Why not come back and make things better or shut up and eat your beef burger?
Did the US get better because their children chose to run away and live in China while the country built itself? You are becoming a distraction.

ola olabiy:

University admission = connection.

Jobs =  connection.

Oil-lifting license = connection.

Contracts = connection.

Political posts = connection.

Contempt of court = connection.

What is corruption, then?

Sad story of Nigeria.

Check out something at: www.nationaldailyngr.com/how oil companies rip-off nigeria

I hope some disgruntled elements here are not twisting this thread into a pointless whine fest. What's this crazy myopic obsession with a mere raw material anyway.
Instead of them to be  talking about more progressive issues they are talking about ancient history. How does that affect the price of garri in the market?

Mai Suya:

Sad story of Nigeria.

YOU are a sad disgruntled person.

If we can't manage our greatest source of wealth and use it to sour to a greater height,what else can we manage?Is it cocoa,palm oil,cola-nut or trillions dollar loans?Nigerian disease is irresponsible leadership not d amount of resources at our disposal.

redsun:

If we can't manage our greatest source of wealth and use it to sour to a greater height,what else can we manage?Is it cocoa,palm oil,cola-nut or trillions dollar loans?Nigerian disease is irresponsible leadership not d amount of resources at our disposal.

And, are you still deluded that we have responsible followership? Everyone out there in the street is a tiger-shark. Will do worse when elected and you are no exception.

@ invisible. Why can't u see urself as more intelligent that soldier ant that can toil, cooperate,coordinate,adapt,innovate and sacrifice to uphold d ants kingdom?All u see about urself is inherent failure and hopelessness and u think all is like u.

tensor777:

I hope some disgruntled elements here are not twisting this thread into a pointless whine fest. What's this crazy myopic obsession with a mere raw material anyway.
Instead of them to be  talking about more progressive issues they are talking about ancient history. How does that affect the price of garri in the market? YOU are a sad disgruntled person.

You are becoming desperate. The same 'mere' resources have been used to develop UAE where your heroes now do their shopping. Ok?

If addressing your past is unecessary, how do you intend to adequately tackle the present. What is ancient about the '70s? It seems you are close to some of the idiots who destroyed Nigeria. Was it not in the '70s that Gowon claimed that Nigeria's problem was how to spend its vast oil income?

A discerning leader you would call that?
Abeg.

invisible!:

And, are you still deluded that we have responsible followership? Everyone out there in the street is a tiger-shark. Will do worse when elected and you are no exception.

But that does not exonorate our leaders?

The whole Nigerian populace is corrupt. Fact!

It has become cultural. People don't even know what corruption means again.

A man like Tensor would lay claim to Western education yet he does not really know the meaning of 'connections'.

This is what Elton John would call 'sad sad situation'.

Nigeria is on d roll.D wind of change is blowing hence questions like this must be asked and must be answered for us to able to sincerely and progressively forge on .

The 'vast' oil resources are not as vast as people think, when the large population and sheer lack of infrastructure is considered.

While the resources should have made a better impact than what we've seen, for too long people have believed the 'oil money' was so much that it was capable of meeting all of Nigeria's needs - it is clearly not.

We need to diversify our income sources rapidly if we're to have any hope of breaking out of poverty. The 'vast' oil resources clearly can't achieve that.

Unfortunately, because of misguided comments like those of Gowon, people have formed a mental picture there is so much money that could solve all the problems, but is simply being stolen.

We do need to ensure every dollar of oil revenue is utilised as best possible, especially to drive other productive sectors of the economy through government spending.

debosky:

The 'vast' oil resources are not as vast as people think, when the large population and sheer lack of infrastructure is considered.

While the resources should have made a better impact than what we've seen, for too long people have believed the 'oil money' was so much that it was capable of meeting all of Nigeria's needs - it is clearly not.

We need to diversify our income sources rapidly if we're to have any hope of breaking out of poverty. The 'vast' oil resources clearly can't achieve that.

Unfortunately, because of misguided comments like those of Gowon, people have formed a mental picture there is so much money that could solve all the problems, but is simply being stolen.

We do need to ensure every dollar of oil revenue is utilised as best possible, especially to drive other productive sectors of the economy through government spending.

Yeah. The oil income has never been adequate. Where is the 'little' one generated.

Nigeria is a poor country made poorer by its people.

ola olabiy:

You are becoming desperate. The same 'mere' resources have been used to develop UAE where your heroes now do their shopping. Ok?

If addressing your past is unecessary, how do you intend to adequately tackle the present. What is ancient about the '70s? It seems you are close to some of the idiots who destroyed Nigeria. Was it not in the '70s that Gowon claimed that Nigeria's problem was how to spend its vast oil income?

A discerning leader you would call that?
Abeg.

Its not about me being desperate. Its just annoying that some people here are so arrogant as to think they are entitled to live like kings just because Nigeria possesses "vast" hydrocarbon reserves.
You are now mentioning a tiny country like UAE with its tiny population, large amount of guest workers and foreign direct investment and its highly restrictive citizenship laws.

tensor777:

Its not about me being desperate. Its just annoying that some people here are so arrogant as to think thhey are entitled to live like kings just because Nigeria possesses "vast" hydrocarbon reserves.
You are now mentioning a tiny country like UAE with its tiny population large amount of guest workers and foreinn direct investment and its highly restrictive citizenship laws.

I know that UAE is tiny. But, it is an example of how judicious use of natural resources could change an entity. It was nothing but a desert.

We didn't say oil revenue would change things and make everybody prosperous. The price system would still be in opereation.

What we are saying is that we are corrupt and we have been like that since Independence. And, that the 'little' generated has been stolen.
Fact!

debosky:

The 'vast' oil resources are not as vast as people think, when the large population and sheer lack of infrastructure is considered.
While the resources should have made a better impact than what we've seen, for too long people have believed the 'oil money' was so much that it was capable of meeting all of Nigeria's needs - it is clearly not.
We need to diversify our income sources rapidly if we're to have any hope of breaking out of poverty. The 'vast' oil resources clearly can't achieve that.
Unfortunately, because of misguided comments like those of Gowon, people have formed a mental picture there is so much money that could solve all the problems, but is simply being stolen.
We do need to ensure every dollar of oil revenue is utilised as best possible, especially to drive other productive sectors of the economy through government spending.

True. All  these people are are living in an dream world if they somehow imagine that even the best financial management of oil revenue would have enabled them to live like kings.
Almost 80% of the money is spent on recurrent expenditure anyway so how is the remaining ever going to be enough to meet Nigeria's vast infrastructural requirements.?
What people should be talking about is economic diversification and subsequent broadening of the tax base instead of all these hackneyed rent seeker arguments.

tensor777:

True. All  these people are are living in an dream world if they somehow imagine that even the best financial management of oil revenue would have enabled them to live like kings.
Almost 80% of the money is spent on recurrent expenditure anyway so how is the remaining ever going to be enough to meet Nigeria's vast infrastructural requirements.?
What people should be talking about is economic diversification and subsequent broadening of the tax base instead of all these hackneyed rent seeker arguments.

If you can not adequately manage your God-given resources, how would you be a to attend to the one that requires some amount of brain power to harnes. Your God-given resources only requires apllication of generated income.

The other you are proposing needs to be properly conceptualised before being applied.

No wonder you have not been able to properly account for income from NPA.

You want to blindfold us so that you and your cohorts could have a fieldday and a proper indulgence in what should be available to the masses. Abi?

Nigeria is a wealthy nation but the problem is her wealth has an axis it revolves. What should be done is changing this trend of 'my person', whoever is qualified to do a particular thing should be given the opportunity to do it not using 'my person' if not qualified.

I am always suprised when simple logic becomes crowded with personal sentiments.

This issue is as clear as crystal Our oil wealth is atleast enough to get us solid infrastructure in all the states in Nigeria but thare is a system where the people at the top feel they have the right to pocket federal allocations,state allocations,local government allocations thereby depriving the majority of basic facillities like good roads,pipeborne water,mass housing schemes that work and quality education from primary to uni level.

Every one of us knows that not all of us can live as kings but cant all of us enjoy just the basics?Which begets the question what happened to Nigeria"s vast oil resources and why can we not have basic infrstructure.?

wht is the average mentality of our so called leaders because they as well ply these bad roads sometimes,they enter the poorly maintained aircraft smetimes,their kids do same.Why dont they care?e.g obj is living in ogun state look at the condition of the environment how does he feel?bankole the speaker comes from the state how does he feel.The Governor Gbenga daniel is running around doing what how do they feel at least now and then they ply these roads and often they have parties at home why are they so cut of from their environment.?

How much again does it cost to equip 3 children's hospital in nigeria with functional dialysis machines?And how much again did OBJ spend on power generation that never was?Jolt my mind.

redsun:

How much again does it cost to equip 3 children's hospital in nigeria with functional dialysis machines?And how much again did OBJ spend on power generation that never was?Jolt my mind.

You need to check into a proper hospital so I can jolt your brain as supposed, in your retarded mind there are not up to 3 dialysis machines in Nigeria? And that amount approved by obj, serves us right since we only wanted to keep the dirty monopoly and not privatize the bleeding loser.

redsun:

@ invisible. Why can't u see urself as more intelligent that soldier ant that can toil, cooperate,coordinate,adapt,innovate and sacrifice to uphold d ants kingdom?All u see about urself is inherent failure and hopelessness and u think all is like u.

Okay, and you are not a failure? So who is crying foul and moaning all over cyberspace lamenting his lot in life and an inability to grab free largese from Nigeria's oil resources? You of course!
Find a proper, well paying job and stop wasting your time here exposing your family's wretchedness.

^^^
Don't you think you need to read your comment (above) again. Please do, before I say anything.

The wealth of the country is been taken away by our leaders because the masses allow them. We need to be doing peaceful demonstration now and then, surely this will reduce the stealing. Well we are too many in Nigeria; 160 million people!!!
It seems nobody cares about the development of the country. The loyalty to the country is very low. Hence we need to break to small small countries. Certainly that will work well.
It seems that our civil right groups are dead.