IamAtikulate:

IGR = Taxes

The more you tax people, the higher your IGR and the poorer the people becomes.

naa u be the real otondo....

What about value added tax ?

kenzoid:

Just hearing the product for the first time honestly

Honestly l live in Agbara. A-z lube, Thyme, Hero beer, Tummy Tummy noodles, Tiger mayonnaise and many more is what l use regularly.

Truth is all your brake pads and okada parts are made in Anambra

IamAtikulate:


Ogun is not the most industrialized.

If it's, how come it is not reflected in the common masses. Again, Onitsha Main Market alone has more multi-millionaires than all those industries in Ogun.

How many millionaires can you find in Dangote, Lafarge, and all those foreign companies in Ogun.

Do you even understand what capital flight is?

If Dangote makes #1 billion in Ogun as profit, he will pay 350 million as taxes. Let assume another 350 million goes into personnel and recurrent cost, he will be left with 300 million which he will repatriate to Kano or outside Ogun.

Ogun will receive only a tiny of this tax. The only thing that goes into the Ogun economy is the workers' salary since most of them will spend the money in the state.

So, nothing substantial goes to Ogun from all the heavily industrial activities in the state.

Now, if Stanel Group makes 1 billion, they actually reported that.

If they 350 million as taxes and 300 million as recurrent expenses, 300 million will remain in Anambra.

So, Anambra gets more from ongoing industrial activities than Ogun.

No country develops by relying heavily on 70% FDI. No state develops by relying on 100% DDI.

SW claims to have the highest IGR, yet it's not reflected in their villages because the owners of the money took them away after each fiscal year.

You need to make a thread out of this and educate those primitive mud house dwellers. Ogun state is industrialized according to them, yet the state has the worst roads in Nigeria. The state has the worst rural areas and even the worst urban centers.

What happened to all the money generated in the so-called industries? 100% repatriated outside the state. The other day, a community in Ogun state was celebrating electricity for the first time!!! Can you imagine that!!!?

They should continue celebrating Chinese, Indian and Igbo industries while their region remain stuck in 17th century.

Bestmanfornow:

You most be living in cave 🤣

a deep cave

IamAtikulate:

Is Golden Penny is a product of Flour Mills of Nigeria PLC, with office in Lagos and not Ogun.

Again, the company is foreign owned.

If Anambra is poor, then Ogun is wretched

what about dis....

Honeywell flower Mill

Sadwaste:


You need to make a thread out of this and educate those primitive mud house dwellers. Ogun state is industrialized according to them, yet the state has the worst roads in Nigeria. The state has the worst rural areas and even the worst urban centers.

What happened to all the money generated in the so-called industries? 100% repatriated outside the state. The other day, a community in Ogun state was celebrating electricity for the first time!!! Can you imagine that!!!?

They should continue celebrating Chinese, Indian and Igbo industries while their region remain stuck in 17th century.

continue with your delutionalism....

Anambra indigins don't have what ogun state indigins has...

Anambra is a poor state

GoodLife4live:
what about dis....

Honeywell flower Mill

Honeywell is a subsidiary of Flour Mills of Nigeria. Both companies are in Lagos.

So some of the groups I am seeing up there started from Anambra?


Wow.

GoodLife4live:
continue with your delutionalism....

Anambra indigins don't have what ogun state indigins has...

Anambra is a poor state

Otondo Anambra has bigger economy than Ogun after Anambra next is Kano

IamAtikulate:

Honeywell is a subsidiary of Flour Mills of Nigeria. Both companies are in Lagos.

una too dey lie...
Oba otudeko is the real owner of nigeria FMN NOW..
He is the founder of Honeywell flower Mill...

Same man is the highest shares Holder in First bank Nigeria mow

Alaigbo:
That guy that posted the dirty Onitsha stuff is very very wicked I swear.

Them never start their dick measuring you don scatter the thread with disgusting photo of Onitsha. Very wicked human being.

you can't do with out Igbos you must attach them by force na you and your colleagues go tire

Tomorrow28:


Honestly l live in Agbara. A-z lube, Thyme, Hero beer, Tummy Tummy noodles, Tiger mayonnaise and many more is what l use regularly.

Truth is all your brake pads and okada parts are made in Anambra

Lol you know you're lying
Wtf!

Sadwaste:


You need to make a thread out of this and educate those primitive mud house dwellers. Ogun state is industrialized according to them, yet the state has the worst roads in Nigeria. The state has the worst rural areas and even the worst urban centers.

They are too unexposed to understand Advanced Macroeconomics. So, I will rather not waste time with them.

Sadwaste:


What happened to all the money generated in the so-called industries? 100% repatriated outside the state. The other day, a community in Ogun state was celebrating electricity for the first time!!! Can you imagine that!!!?

They celebrate FDI without knowing that it's primary essence is technology transfer. Once a foreign direct investment doesn't fit into that aim, then it's counterproductive.

The funny thing is these guys don't even understand how dangerous building an economy on FDI is.

If Dangote makes 1 billion in Ogun, it means he has mopped up 1 billion of Ogun purchasing power.

Spending 350 million on personnel cost is like injecting 350 million of the 1 billion back to the economy.

If the company pays 350 million in taxes, that means 350 million of that 1 billion pulled from Ogun will be used to empower the FG, with a little going to Ogun.

These deductions leave the company with 300 million net profit which will be repatriated.

This means for every 1 billion profit this company makes (mopped from Ogun purchasing power), about 700 million leaves the state.

No economy will develop through this kind of capital flight.

But if the company is indigenously owned, it will mop up funds from other states it sells to and return them to Ogun.

That's why no state can match Anambra.

Peter Obi understands the dangers of overtly relying on FDI, that's why he was very strategic with his arrangements with SABmiller.

The company is the second largest Brewer in the world. When it entered Onitsha, Peter Obi bought 10% stake in the company. At least, he will retain 10% of it's capital within the state.

And that's not all.

He formed an indigenously owned brewing company, Intafact and make it a subsidiary of International Brewing PLC, a subsidiary of SABmiller.

Intafact is what brews the beer, using SABmiller technology and processes.

With this move, Peter Obi achieved both technology transfer and capital retention.

Today, Hero sells in Lagos and outside SE. Proceeds from these sales will be repatriated to Anambra and retained in Anambra. Only a few leaves as capital flight.

Sadwaste:


They should continue celebrating Chinese, Indian and Igbo industries while their region remain stuck in 17th century.

The fact that Ogun has so many factories but the state still looks largely undeveloped shows that they are not as industrialised as they claim.

Leaving your economy to foreigners is like skating on thin ice.

GoodLife4live:
una too dey lie...
Oba otudeko is the real owner of nigeria FMN NOW..
He is the founder of Honeywell flower Mill...

Same man is the highest shares Holder in First bank Nigeria mow

😂😂😂

You're ignorant. FMN PLC bought Honeywell Flour Mills from Oba Otudeko. Again, the company is in Lagos.

Ogun claims to be the most industrialised, yet it zero indigenous product.

Name just one popular product from Ogun that's owned by an indigene of Ogun

Omo this OP is just wonderfu. Posting all his proof with pictorial evidence. If what I read on this post is real, then anambra get level pass Lagos.

GoodLife4live:
what about dis....

Honeywell flower Mill

p
Honeywell that's nosediving

IamAtikulate:

😂😂😂

You're ignorant. FMN PLC bought Honeywell Flour Mills from Oba Otudeko. Again, the company is in Lagos.

Ogun claims to be the most industrialised, yet it zero indigenous product.

Name just one popular product from Ogun that's owned by an indigene of Ogun

when was that ? Where did u get your fake information from ..

Presently... FMN/ honeywell remain the property of obaotudeko.... a Yoruba man...

Pls post your evidence here in other to bustres your point

GoodLife4live:
when was that ? Where did u get your fake information from ..

Presently... FMN/ honeywell remain the property of obaotudeko.... a Yoruba man...

Pls post your evidence here in other to bustres your point

You guys are good at debt, living on debt that's why Yoruba land is most indebted region in Nigeria

GoodLife4live:
when was that ? Where did u get your fake information from ..

Presently... FMN/ honeywell remain the property of obaotudeko.... a Yoruba man...

Pls post your evidence here in other to bustres your point

😂😂😂

See evidence

GoodLife4live:
when was that ? Where did u get your fake information from ..

Presently... FMN/ honeywell remain the property of obaotudeko.... a Yoruba man...

Pls post your evidence here in other to bustres your point

Owambe tribe see how you guys have messed Nigeria economy up under few months, you guys lack managerial skills, that is why Obasanjo ignored you guys, you guys are good at wasting, all the Industries you guys acquired after the civil war has collapsed, you can't give what you don't have, Adenuga has messed up IBB GLO, Honeywell embezzled Ecobank#5.5 billion loan, their products are very scare in the market

IamAtikulate:

😂😂😂

See evidence

Leave the the empty brain to fooling himself see the real owner of FMN, Excelsior Shipping Company Limited control 64% of FMN, Excelsior Shipping Company is a company registered in Liberia, the beneficial owner of Excelsior Shipping Company is a trust established by the late John S. Coumantaros.

Ok

IamAtikulate:


They are too unexposed to understand Advanced Macroeconomics. So, I will rather not waste time with them.


They celebrate FDI without knowing that it's primary essence is technology transfer. Once a foreign direct investment doesn't fit into that aim, then it's counterproductive.

The funny thing is these guys don't even understand how dangerous building an economy on FDI is.

If Dangote makes 1 billion in Ogun, it means he has mopped up 1 billion of Ogun purchasing power.

Spending 350 million on personnel cost is like injecting 350 million of the 1 billion back to the economy.

If the company pays 350 million in taxes, that means 350 million of that 1 billion pulled from Ogun will be used to empower the FG, with a little going to Ogun.

These deductions leave the company with 300 million net profit which will be repatriated.

This means for every 1 billion profit this company makes (mopped from Ogun purchasing power), about 700 million leaves the state.

No economy will develop through this kind of capital flight.

But if the company is indigenously owned, it will mop up funds from other states it sells to and return them to Ogun.

That's why no state can match Anambra.

Peter Obi understands the dangers of overtly relying on FDI, that's why he was very strategic with his arrangements with SABmiller.

The company is the second largest Brewer in the world. When it entered Onitsha, Peter Obi bought 10% stake in the company. At least, he will retain 10% of it's capital within the state.

And that's not all.

He formed an indigenously owned brewing company, Intafact and make it a subsidiary of International Brewing PLC, a subsidiary of SABmiller.

Intafact is what brews the beer, using SABmiller technology and processes.

With this move, Peter Obi achieved both technology transfer and capital retention.

Today, Hero sells in Lagos and outside SE. Proceeds from these sales will be repatriated to Anambra and retained in Anambra. Only a few leaves as capital flight.



The fact that Ogun has so many factories but the state still looks largely undeveloped shows that they are not as industrialised as they claim.

Leaving your economy to foreigners is like skating on thin ice.

Yorubas are economic iliterates

Na so you go dey disgrace Yourself. Instead of OP to praise Anambra normally, him say ' The Largest .....' . See the screenshot below. Is it possible for Anambra to be the largest ... and yet is 12th in terms of IGR?.. Is it that Anambra companies neither pay tax nor employ proper staff to remit PAYE? Or is it that all the long list of companies listed OP don't really carry any weight? Or is it that the OP only felt he needed to chest-beat and boast as usual?

Lagos IGR is times 20 of Anambra IGR. Ogun IGR is times 3.7 Anambra IGR. Oyo IGR is times 2 of Anambra IGR. Even Kwara IGR is more than Anambra's IGR. So, of what use is all the stories you wrote up there? Can someone please educate me if my line of thoughts is not in the proper direction? I studied English and Literary studies, not economics. So I'm open to correction in my analysis.

igwebuike01:

Yorubas are economic iliterates

Tinubu, Wale Eduns, and Cardoso keep proving it everyday.

yommen:
Na so you go dey disgrace Yourself. Instead of OP to praise Anambra normally, him say ' The Largest .....' . See the screenshot below. Is it possible for Anambra to be the largest ... and yet is 12th in terms of IGR.. Is it that Anambra companies neither pay tax nor employ proper staff to remit PAYE?

IGR = Taxes

Anambra is a tax haven, in case you don't.

Again, SE leaders are more economically sound than their SW counterpart.

For instance, Alex Otti recently said that "Taxes are government share of the prosperity it creates."

Do you really understand what that means?

Have you wondered why SE Governors, especially Abia and Anambra keep lowering taxes?

You won't understand because you guys suck at economics.

Keep celebrating IGR which is not an economic indicator while your debts keep mounting.

You claim to generate the highest IGR in the country yet SW has the highest debt ratio.

It doesn't make sense.

If Anambra State government is tax-obsessed like Ogun and SW Governors, only Onitsha Main Market will generate the whole if whatever IGR Ogun gets.

You are making noise because of 120 billion.

FYI, 12 million daily transaction happens at Onitsha Main Market. The market annual transactions sits at around $3 billion, with 40% of this circulating as unbanked transaction.

You can verify these claims with a simple Google search.

If Anambra government taxes just 1% of these transaction, it'll generate $30 million annually, which is approximately 21 billion naira.

If government taxes 5%, it'll generate 105 billion from the market alone.

But Anambra has 48 markets.

So, trade and commerce in Anambra can generate more than Ogun IGR.

If you are underrating trade, then look at the evidence below.

Trade is the third largest component of Nigerian GDP, far ahead of manufacturing

They will never push this post to frontpage

Lol, dey play

IamAtikulate:

IGR = Taxes

Anambra is a tax haven, in case you don't.

Again, SE leaders are more economically sound than their SW counterpart.

For instance, Alex Otti recently said that "Taxes are government share of the prosperity it creates."

Do you really understand what that means?

Have you wondered why SE Governors, especially Abia and Anambra keep lowering taxes?

You won't understand because you guys suck at economics.

Keep celebrating IGR which is not an economic indicator while your debts keep mounting.

You claim to generate the highest IGR in the country yet SW has the highest debt ratio.

It doesn't make sense.

SW might have the highest debt profile but look at it. More of your people are spread all over SW overstretching it's resources. So, SW government is faced with more responsibilities than your governments, hence the debt. How can you say IGR not an economic indicator of productivity of a state? Guy, try use sense na.

IamAtikulate:

😂😂😂

See evidence

otondo... Your information is falsed.... Both FMN and Honeywell remain the property of obaotudeko...

I Wii prove it

yommen:


SW might have the highest debt profile but look at it. More of your people are spread all over SW overstretching it's resources. So, SW government is faced with more responsibilities than your governments, hence the debt. How can you say IGR not an economic indicator of productivity of a state? Guy, try use sense na.

IGR is not a developmental indice.

And if you are an Economist, you would have know that taxes make people worse off. So, the more your IGR, the lower your aggregate purchasing power.

And this means lower standard of living.

SE uses low taxes to stimulate economic growth.

How is SW governor faced with more responsibilities than my Governor? What exactly is in Ogun that other SE Governors are not doing?

yommen:


SW might have the highest debt profile but look at it. More of your people are spread all over SW overstretching it's resources. So, SW government is faced with more responsibilities than your governments, hence the debt. How can you say IGR not an economic indicator of productivity of a state? Guy, try use sense na.

Five SE states is more populated than five SW states without Lagos. Be guided
Nobody can tax himself into prosperity. Reason why Ogun towns remains backwards
Secondly, the IGR figure you see are not there. They were squandered as they renter. So your elites taxed you to live in luxury while you perish