Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,209,168 members, 8,005,177 topics. Date: Sunday, 17 November 2024 at 04:14 PM

The South-West contributions to Nigeria's economy and other myth-busting facts - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / The South-West contributions to Nigeria's economy and other myth-busting facts (16155 Views)

Nigeria's Economy Is Finally Out Of Recession - World Economics / Current Status Of Workers Salaries In South West Nigeria / Nigerians Rate Buhari High On Economy And Governance - Leadership Newspaper (2) (3) (4)

(1) (2) (3) (4) (5) (6) (7) (8) (9) (Reply) (Go Down)

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 grin

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

www.nipc.gov.ng/index.php/opportunities-by-sectors/manufacturing.html

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.
- Fashola

www.vanguardngr.com/2013/09/fashola-wants-part-of-revenue-generated-from-lagos-ports/

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.

www.vanguardngr.com/2016/08/tin-can-island-customs-generate-n130-76bn-7-months/


Funny enough, Apapa Local Government generates more revenue for the FG than some regions cheesy



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.

The service at the air­port also disclosed that it earned over N5.209 billion in July this year, thereby becoming the highest rev­enue ever collected by the unit since formation.

www.theparadigmng.com/2015/08/31/murtala-mu%C2%ADhammed-international-airport-customs-generates-n20-1bn-in-six-months/

Limestone/Cement exports, Cocoa exports, Tobacco exports


Nigeria earns N55.4b from tobacco, says NEPC

thenationonlineng.net/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

businessdayonline.com/2015/02/ogun-ikeja-top-manufacturers-investment-destinations-in-2014/

[b]Ogun, Ikeja top manufacturers’ investment destinations in 2014

While Ogun, which is now Nigeria’s industrial hub, recorded N377 billion worth of investments within the period, Ikeja returned investments worth N39.86 billion.


Ogun State’s represents 78 percent of N483 billion worth of investments made in the whole of the manufacturing sector within the period under review, while Ikeja shares 8.3 percent.

“This has revealed that the majority of manufacturing investments were directed towards Ogun industrial axis, which consists of Otta, Agbara, Ibafo/Mowe and Shagamu industrial areas,” said MAN, in its latest January to July 2014 economic review.

....

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.
[/b]



[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.

According to findings, investors get rebates on land, good road network and better security of plants, machinery and assets in industrial zones in Ogun State. Certain types of taxes paid by these investors in Lagos are also accepted by Ogun State, thus preventing them from paying multiple levies in two states.

Ogun also has a one-stop-shop platform, where investors are given access to understudy available natural and mineral deposits, as well as agricultural potential of the state. Many manufacturers also say there is less harassment from touts in Ogun. Also, there is less traffic gridlock in Ogun and cheaper and more available accommodation for staff in the state.

In the last two to three years, more investments have moved to Agbara, Igbesa, Abeokuta, Sango-Otta, Ibafo, Mowe, Ijebu-Ode and Sagamu industrial clusters, all in Ogun State, at the expense of Ikeja and Apapa zones in Lagos which used to be the hubs of investors.

In terms of output, Ogun turned out N265.27 billion in output in half year 2015 as against Lagos’ N88.6 billion. Similarly, Ogun produced goods worth N306.58 billion in the whole of 2014, while Lagos churned out output worth N274.41 billion within the period.

Some of the new investors which berthed Ogun in 2014 were Shongai Technologies Limited, Ijako in Sango-Otta, Apples and Pears Limited, Ceplas Farms Limited, Greenlife Bliss Healthcare Limited, Sumo Steel Limited, among others.
[/b]

news24.com.ng/National/News/lagos-loses-investors-to-ogun-20160209

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. cheesy grin

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

Re: The South-West contributions to Nigeria's economy and other myth-busting facts by ODVanguard: 6:50pm On Sep 11, 2016
..
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

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.
These figures were disclosed at a strategy session convened by the Comptroller-General of Customs, Col. Hameed Ali (Rtd) to review revenue performance for the year.

3. Two months ago, the Comptroller-General of the Service had approved the removal of the restriction placed on importation of Rice through the land borders. The removal was predicated on the large scale rice smuggling through the land borders, resulting to huge revenue loss and distortions in the price of the item in the local markets.

“ The huge collection in just two months has vindicated our position. If we had stuck to our previous directive, this much quantum of rice would still have been smuggled anyway, and we would have lost over a billion Naira revenue as this critical period of our economic downtown” , the Comptroller-General disclosed during the meeting.

4. The breakdown of the Rice imports shows that Idiroko border in Ogun Command has the largest volume of 8.276 Metric tonnes, with a collection of N555,152,344 duty. Katsina Borders come next in quantity of 3,636 Metric tones imported, where total revenue of N242,985,626 was collected during the same period. A total of 2.156 metric tones was imported through the land borders of Oyo/Osun command, generating a total revenue of N144,278,025.

5. Other Commands include:
Seme - 2,140 Metric Tonnes with N143,349,658
Sokoto – 602 Metric Tonnes with N40,162,759
Kano/Jigawa – 470 Metric Tonnes with N31,536,148
Adamawa/Taraba – 248 Metric Tonnes with N16,545,422
Kwara/Niger – 68 Metric Tonnes with N4,710,394


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

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:
afonjas trying to repair thr battered ego like

Disgruntled OSUS trying to miraculously boost their naturally Inferior status like:



Delusions of grandeur cheesy
What you don't have, you simply don't have it. Clay won't miraculously turn into Gold because you want it to.
grin grin grin grin grin

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:
Watch as the ''Ojukwus'' will keep avoiding this thread that shows verifiable statistical information.

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. cheesy

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
..
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 grin cheesy


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:


All groups have their share of the GDP. SE is like half of SW population, so dont expect similar economic size.

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:
@SuperS1Panther: Empty barrel niwon. Enu lasan ni won ni. cheesy

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

(1) (2) (3) (4) (5) (6) (7) (8) (9) (Reply)

Africa's Week In Pictures: 26 May - 1 June 2017 / 700,000 NE NNPP Members Defect To PDP, Urge Kwankwaso To Join / Tinubu Urges Boakai To Unite Liberia, Commends Weah For Conceding Defeat

Viewing this topic: 2 guest(s)

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 57
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.