Xxxxtentacion2:
Poor country with wealthy thieves...

RepoMan007:
The current monsters criticized the older monsters so I expected them to do the right thing at least. Did OBJ demonise any govt before getting power in 1999? Whereas the current monster did. They promised better exchange rates but what is the reality today?
I am not into partisan bullshit, fyi.

Xxxxtentacion2:
Poor country with wealthy thieves...

Ojuntana:

So what is the difference between revenue and earning

Killerofpigs:
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.

huptin:


Tinubu does not represent the best of Southwest...Obasanjo does! Obj should be the yardstick not Tinubu. Thanks

mrvitalis:

Earnings is net dollar inflow into the country
Revenue is money government earns

mrvitalis:

Oil revenue is 16 billion naira
Earnings is about 42 billion

Fujiyama:


^^^
The general point you (and others) are making is valid and duly noted. But there are some assertions commonly made about this country that are inaccurate, to put it mildly.

In reality, most of Nigeria's soil is low fertility or low productivity soil. Over 60% of the country's soils fall into the very low productivity to low productivity brackets. All the talk about Nigeria's fertile land is to put it bluntly, a myth.

Nigeria's weather is also...not quite perfect. It varies widely (from the hot, highly humid weather of most of Southern Nigeria) to the very hot, relatively lower humidity of large parts of Northern Nigeria. The high humidity and searing heat do eventually take their toll on people, livestock and even machines.

mrvitalis:

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

treesun:


https://dailytrust.com/nigeria-a-poor-country-presidential-committee/

treesun:


https://dailytrust.com/nigeria-a-poor-country-presidential-committee/

Fujiyama:


^^^
The general point you (and others) are making is valid and duly noted. But there are some assertions commonly made about this country that are inaccurate, to put it mildly.

In reality, most of Nigeria's soil is low fertility or low productivity soil. Over 60% of the country's soils fall into the very low productivity to low productivity brackets. All the talk about Nigeria's fertile land is to put it bluntly, a myth.

Nigeria's weather is also...not quite perfect. It varies widely (from the hot, highly humid weather of most of Southern Nigeria) to the very hot, relatively lower humidity of large parts of Northern Nigeria. The high humidity and searing heat do eventually take their toll on people, livestock and even machines.

Shikena:
You missed the point.

Performance is not about who you demonize. The question remains why we have had this huge infrastructural backwardness for decades.

How come half of our budget of today failed to fix our power problem under Obasanjo/Atiku?

Our problem seems deeper than a simplistic focus on who demobized who.

lereinter:


cost of production is paid after selling the crude?

treesun:


https://dailytrust.com/nigeria-a-poor-country-presidential-committee/

Killerofpigs:
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.

dalongjnr:
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.

RepoMan007:
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.

ibabz:


We are a poor country because this useless party destroyed every little gain we recorded during PDP.

Ojuntana:
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)

olisaEze:
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!!!

Cromagnon:

You want to compare 2 million barrels with 8 million
Or 200 million population with 100,000?

Cromagnon:
So for your mind other countries don't loot?
You funny
Why haven't you stopped them from looting or you think other citizens just sit and fold arms in developed countries?