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Nigeria A Poor Country – Presidential Committee by treesun: 2:26am On Jun 29 |
Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has described Nigeria as a poor country with the potential to be wealthy. https://dailytrust.com/nigeria-a-poor-country-presidential-committee/ 29 Likes 4 Shares
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Re: Nigeria A Poor Country – Presidential Committee by Xxxxtentacion2: 2:35am On Jun 29 |
Poor country with wealthy thieves... 608 Likes 61 Shares |
Re: Nigeria A Poor Country – Presidential Committee by Gondonu: 2:44am On Jun 29 |
Yeah! A poor country with unrepentant spendthrifts and extravagant looters who are not only looting the resources of this nation, but also wasting it on frivolities? God punish the presidency committee. 271 Likes 13 Shares |
Re: Nigeria A Poor Country – Presidential Committee by Killerofpigs: 3:29am On Jun 29 |
Poor Country..?? Why do appointees of APC always look for similar failures to justify their shamelessness? Why can't you envision and work towards being like great economies? Why compare yourself with a NON oil producing Country like Kenya. ? Why not compare yourself with fellow OPEc members like UAE? After all the sponsored protest and NADECO scam. The whole world has seen the pathetic way South West Region is administered. TINUBU represents the best of SW and he is worthless. Very shameless and pathetic. 143 Likes 13 Shares |
Re: Nigeria A Poor Country – Presidential Committee by dalongjnr: 4:38am On Jun 29 |
Very funny sets of criminal-some entities. Nigeria with an average crude oil production of 1,300,000 barrels per day,and at a price of about $89 per barrel, by 364 days a year,is making nothing less than $42 billion per year(excluding royalties). FIRS is now saying that non oil revenue is now more than 50% of what's shared at FAAC. Going by those data,Nigeria makes nothing less than $100 billion per year even with the level of corruption in the oil and revenue sector,mostly as a result of under disclosure and under remittances by the collection agencies. These people just amazed me with their caricature submission. They just want to increase tax again even with the biting economic hardship. They are taking the masses for granted, what's happening in Kenya is a child's play the day the masses will wakeup. 103 Likes 11 Shares |
Re: Nigeria A Poor Country – Presidential Committee by STEWpid(f): 4:52am On Jun 29 |
Chai.. Let the poor breathe, but there are billions of dollars in their individual accounts. 35 Likes 4 Shares
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Re: Nigeria A Poor Country – Presidential Committee by Iamanoited: 5:00am On Jun 29 |
WITH UNCOORDINATED INTELLIGENCE, IT IS A SINKER NOW. 1 Like |
Re: Nigeria A Poor Country – Presidential Committee by Iamanoited: 5:04am On Jun 29 |
WITH UNCOORDINATED INTELLIGENCE, IT IS A SINKER NOW. MUSK, MTN AND AI ARE BETTER COORDINATED THAN NIGERIA NOW. 6 Likes |
Re: Nigeria A Poor Country – Presidential Committee by RepoMan007: 6:00am On Jun 29 |
Rich in election campaigns, poor after mandate snatching but superfluity refuses to go. Nonsense n ingredient. Even if poor, as a poor country, when last did we plant cash crops and planned meticulously for our future or invest wisely? All they know is how to "secure" the future of their tenth generation unborn. 26 Likes 2 Shares |
Re: Nigeria A Poor Country – Presidential Committee by ibabz(m): 7:36am On Jun 29 |
Xxxxtentacion2: We are a poor country because this useless party destroyed every little gain we recorded during PDP. 25 Likes 2 Shares |
Re: Nigeria A Poor Country – Presidential Committee by mrvitalis(m): 7:42am On Jun 29 |
dalongjnr:Bros thats not how oil revenue is calculated Firstly you remove the cost of production which is around 27 dollars Then federal government only gets 55% of the remaining revenue So yes from a 75 dollars we make less than 30 dollars 17 Likes 1 Share |
Re: Nigeria A Poor Country – Presidential Committee by dalongjnr: 10:24am On Jun 29 |
mrvitalis:I know of the cost of production and a also know of the under declaration by the production companies. Put two on two,and we will still end up with the figure I quoted. The question now, should be, what happened to the non oil revenue which constitute almost 50% of the revenue shared at FAAC,despite the under declaration by the collection agencies and also corruption been displayed? 22 Likes 1 Share |
Re: Nigeria A Poor Country – Presidential Committee by Ojuntana: 10:31am On Jun 29 |
Rubbish talk. Why won't Nigeria be poor when you guys have looted it scandalously. How can you loot a country so much and still expect it to be rich? Can most other countries survive this level of looting? In fact, it speaks to Nigeria's wealth that it's still this buoyant after decades of looting. After devaluing the naira, they come and start making false comparisons. How does it make sense for Kenya's budget to be bigger than Nigeria's if not that our leaders are useless. As at 2015, Nigeria's budget was over $22bn (4.5trn) while that of Kenya was around $19bn (K1.8trn). If you go back to 2008, Nigeria's budget was same $22bn(N2.89trn) while Kenya's was just $11bn (K866bn) 27 Likes 2 Shares |
Re: Nigeria A Poor Country – Presidential Committee by mrvitalis(m): 10:31am On Jun 29 |
dalongjnr:Nah do the maths yourself Nigeria makes just over 16 billion dollars from crude not 42 7 Likes |
Re: Nigeria A Poor Country – Presidential Committee by Buccalcavity2: 10:54am On Jun 29 |
Killerofpigs:Ok. Compare Nigeria budget to UAE and let's see. Her revenue to GDP ratio. ....Just open mouth Nigeria government is poor as compared to its capacity. 6 Likes |
Re: Nigeria A Poor Country – Presidential Committee by Buccalcavity2: 10:58am On Jun 29 |
@Taiwo Oyedele. You no get any 2 to 3 years to double anything! What you have is 1yr! I watched you commit to that last year on same channels. 3 Likes |
Re: Nigeria A Poor Country – Presidential Committee by Ojuntana: 11:00am On Jun 29 |
mrvitalis:How's this possible? Come on now 1 Like 1 Share |
Re: Nigeria A Poor Country – Presidential Committee by Buccalcavity2: 11:02am On Jun 29 |
dalongjnr:You evidently have never read Nigeria budget nor understand her Revenue profile. Difficult to engage! 4 Likes |
Re: Nigeria A Poor Country – Presidential Committee by Killerofpigs: 11:03am On Jun 29 |
You are shallow.. Will UAE expend humongous amounts on foolish ventures? GTFOH... That is how your brains are wrapped in nylon bags.. Nonsense Buccalcavity2: 3 Likes 1 Share |
Re: Nigeria A Poor Country – Presidential Committee by olisaEze(m): 11:04am On Jun 29 |
This is a very big fat lie that is recently being propagated by the poor excuses we have for political elites. Nigeria is not a poor country by any means. A country with large commercial quantities of gas reserves, crude oil, coal, gold, natural resources & mineral deposits, large tracts of very fertile arable lands, perfect weather and abundant human capital, can only be poor by choice and not by fate. Even with our humongous debts, this country still has the economic potential to pull at least 5 million people out of poverty each year. The combined wealth of Nigeria’s five richest men - $29.9 billion - could end extreme poverty at a national level yet millions face hunger everyday. More than 112 million people are living in poverty in Nigeria, yet the country’s richest man would have to spend $1 million a day for 42 years to exhaust his fortune. And all this money was made off the Nigerian economy! Poverty and inequality in Nigeria are not due to a lack of resources, but to the ill-use, misallocation and misappropriation of resources. At the root is a culture of corruption combined with a political elite out of touch with the daily struggles of average Nigerians. They want you to believe Nigeria is a poor country, yet our lowest politicians earn far above presidents of richer nations! Ndi ala!!! 21 Likes |
Re: Nigeria A Poor Country – Presidential Committee by Sheuns(m): 11:05am On Jun 29 |
You guys know Nigeria is a poor country but spend the little it has on a few politicians less than 1% of the population. 3 Likes |
Re: Nigeria A Poor Country – Presidential Committee by mrvitalis(m): 11:08am On Jun 29 |
Ojuntana: You assumed crude oil was 89 dollars fine 89-27 = 62 dollars per barrel profit Nigerians owns 55% or that profit... So Nigeria entitled profit = 0.55x62 =34.1 dollars Nigerian produce 1.3 million barrels per day So Nigerians earning yearly should be 1,300,000 x365x34. 1 =16.18 billion dollars We also get to tax the oil companies profit... Say that brings 2 billion dollars Yearly oil revenue is 18 billion dollars max This is why I always say oil industry is nothing 7 Likes |
Re: Nigeria A Poor Country – Presidential Committee by Buccalcavity2: 11:08am On Jun 29 |
Killerofpigs:Stfu and focus on the thread. What line of expenditure did you see in the write up? You can open a thread for expenditure. Dundee! 1 Like |
Re: Nigeria A Poor Country – Presidential Committee by AcadaWriter: 11:15am On Jun 29 |
Poor country with wealthy thieves... 4 Likes |
Re: Nigeria A Poor Country – Presidential Committee by Ojuntana: 11:17am On Jun 29 |
mrvitalis:This is not what is usually reported by NBS though 4 Likes
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Re: Nigeria A Poor Country – Presidential Committee by idanone(m): 11:34am On Jun 29 |
We are not poor, we are just unfortunate to have poor leaders,....... Rich country poor leader.... Stealing from the country to make them self rich. 9 Likes |
Re: Nigeria A Poor Country – Presidential Committee by ibrocool(m): 11:34am On Jun 29 |
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Re: Nigeria A Poor Country – Presidential Committee by GreenxGreen: 11:34am On Jun 29 |
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Re: Nigeria A Poor Country – Presidential Committee by NzogbuNzogbu: 11:34am On Jun 29 |
It's always a poor country when una don enter and start to loot But it's a rich country that need una help when una dey find the position to loot 21billion for renovation, 287million to change tyre, how many billions for yatch and jets now, you failures should resign and stop giving foolish excuses for tinubu incompetence 3 Likes |
Re: Nigeria A Poor Country – Presidential Committee by ednut1(m): 11:35am On Jun 29 |
Poor country yet the law makers drive cars of 160m naira. The president has a fleet of about 5 aircrafts. Lol 5 Likes 2 Shares |
Re: Nigeria A Poor Country – Presidential Committee by kingsways: 11:35am On Jun 29 |
Nigeria is not a poor country, it’s the quality of people running the country that’s poor. This budget reflects the quality of the people running the country. Rather than think of ways to increase revenues, they only sell crude, levy tax on already overburdened citizens, and borrow This why they are claiming they cannot pay a MONTHLY minimum wage the equivalent of ordinary $100. But they can buy jets for themselves and use N21 billion to build house for one person in a 'poor' country . Evil people. 7 Likes 1 Share |
Re: Nigeria A Poor Country – Presidential Committee by OriOko88(m): 11:36am On Jun 29 |
I said it the other day that the west rate Kenya more than Nigeria. Someone quoted me to say it's because Europeans travel down there to see wildlife. But I told him the west don't play with facts and figures,that they must have seen some fact and stats to conclude that Kenya is the second fastest economy in the world,and that fastest in Nigeria. During pdp regime, Nigeria economy was the fastest in the world then,even CNN said it. We were the fastest economy together with Singapore and Indonesia then. APC is just like Nigeria nemesis sent from hell to punish we innocent Nigeria. 16 Likes 3 Shares |
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