Eddee:


I’d love to stay here and engage with you but you’re obviously angrier at the state of affairs of our beloved country than I am. And this may degenerate from a purely fun-based interaction to a sentimental based conversation. Hopefully, we birth in the country of our dreams but I go still japa!!!

It’s been nice comparing notes, So long brother

Finding it hard to cite the notes you submitted to be compared...

Nigeria is fucking poor as a nation, you were just regurgitating the same old cliche bs you African folks feed yourselves for self consolation instead of facing reality.

No doubt of course the little we got been and being mismanaged...

Macktaob:

Finding it hard to find the notes you submitted to be compared...

Nigeria is fucking poor as a nation, you were just regurgitating the same old cliche bs you African folks feed yourselves for self consolation instead of facing reality.

No doubt of course the little we got been and being mismanaged...

You’re an alt account- I don’t talk nor argue with ghosts. There’s nothing to prove to you about the wealth of your country - it’s visible and the ‘reality’ is that mismanagement, greed and wickedness put us in this position, this is my first and last response. Consider it a favor!

I never thought I will see this day......

Post election violence in Ghana

I am HIGHLY DISAPPOINTED

DexterousOne:
I never thought I will see this day......

Post election violence in Ghana

I am HIGHLY DISAPPOINTED

even US had post election violence.

tumababa:


even US had post election violence.

Another incident I never thought I will see in my life

Obama win in 2008 that we thought will throw America into chaos
It did not
Instead there was wild jubilation

Now its election violence left and right across the globe

DexterousOne:

Another incident I never thought I will see in my life

Obama win in 2008 that we thought will throw America into chaos
It did not
Instead there was wild jubilation

Now its election violence left and right across the globe

Iam sure several people never imagined what is happening in the US. One day it will spread to UK.

Anybody here uses the Piggyvest Flex Savings of 8%?

Lazyyouth4u:

.

Lmao

Dangote will cause serious problems for all of us if he dares to sell the volume of shares it will take to buy a private jet or a house

He will have to file with the SEC
We will get to find out
That will make many of us panic

Except he does the sale "off market "
Even at that
The info will still leak
Abeg Dangote should pity minority shareholders o

Personally I will run for cover if he does this
And I believe many will do same

Eddee:


Chief, this is debatable. You’re right about mismanagement or should we use misappropriation/misapplication of hard earned IGR on recurrent/white elephant expenditures?

Anyhow you look at it, I don tire for this country!

I have to agree with Mr. Emma here
Nigeria indeed is POOR

You measure the wealth of a country by the VALUE IT GENERATES
And to be fair
Even as we are ahead of I'll say 80% of African countries in value creation
We are still on the low end of the stick

[I do, it's great I still wander how they maintained it despite banks at 1.25% and cowrie also trailing that of banks, hope they will be here for long

baroun04:
[I do, it's great I still wander how they maintained it despite banks at 1.25% and cowrie also trailing that of banks, hope they will be here for long

Fund managers keyed into the bonds
Those long term bonds that pay over 10%

In addition to that.....
There are a couple of corporate bonds that some of them picked here and there

Thus I wont be surprised if they can keep the rates above 5% for at least two more years

Tobex4realTobex234:
Anybody here uses the Piggyvest Flex Savings of 8%?

Here i am

XiaoLi:
I think you are wrong here, inviting your spouse and children to your country of origin is different from inviting your immediate family to your country of residence. Do you think an American living in Nigeria will need a statement of account to get an american visa for his legally owned children born in Nigeria by a Nigerian woman? You can enlighten me.

US generally do not ask for statement of account regardless of who is applying... but for most countries, yes, you’d have to prove that you can feed yourself while visiting before you can get a visit visa. Doesn’t matter if you’re married or born to their citizen. If you want to avoid that hurdle, the right way would be to get a passport for your family, if they qualify for one.

XiaoLi:
I applied as a Nigerian, that is the reason i said in my earlier post that there is no common sense in asking me to bring a statement of account. I dont know if they mean that i cannot take my children to Nigeria if im broke.

Hollup... you are a citizen and you’re applying for a visa as a citizen? None of that makes sense. Sorry. This story don get comma.

XiaoLi:
I think you are wrong here, inviting your spouse and children to your country of origin is different from inviting your immediate family to your country of residence. Do you think an American living in Nigeria will need a statement of account to get an american visa for his legally owned children born in Nigeria by a Nigerian woman? You can enlighten me.

Since you're a Nigerian by birth, then your children should be entitled to a passport irrespective of where they were born. With a passport they're citizens and you don't need to apply for a visa when they visit. This cuts across most countries except the rules in Nigeria are different

SamReinvented:


US generally do not ask for statement of account regardless of who is applying... but for most countries, yes, you’d have to prove that you can feed yourself while visiting. Doesn’t matter if you’re married or born to their citizen. If you want to avoid that hurdle, the right way would be to get a passport for your family, if they qualify for one.

Thanks for this... Was wondering why he has to apply for a visa for his kids if he's a Nigerian citizen.

My children must not be citizens of my country of origin, I would have explained more but i will resist the urge to shalaye.

SamReinvented:


Hollup... you are a citizen and you’re applying for a visa as a citizen? None of that makes sense. Sorry. This story don get comma.

emmanuelewumi:



There is nothing to debate, Nigeria is a poor country about 80% of the states are not economically viable and sustainable.

Very well said.
At last someone who doesn't say the usual "Nigeria get money, na steal dem dey steal am" crap.

SamReinvented:


US generally do not ask for statement of account regardless of who is applying... but for most countries, yes, you’d have to prove that you can feed yourself while visiting before you can get a visit visa. Doesn’t matter if you’re married or born to their citizen. If you want to avoid that hurdle, the right way would be to get a passport for your family, if they qualify for one.

The US may not state is as a hard requirement for visitors’ visa but woe betide any ordinary Nigerian that goes for his visa interview without his bank statements to prove that he has the funds to sustain himself.

Except you are Femi Otedola or Aliko Dangote them that can show other proof of huge financial assets or you are a very high salary earner showing payslips as proof, you will be rejected! Most Nigerians need to show their bank statements or the bank statements of their sponsors (if they are kids or older people).

It still comes down to proving that you have the resources to fund your trip for the entire duration of your stay and that most importantly, you have ties that will bring you back home.

Cyberknight:


Very well said.
At last someone who doesn't say the usual "Nigeria get money, na steal dem dey steal am" crap.

We know that Nigeria is not a rich country in the real sense of it....

Looking rich is not the same as being rich

Eddee:


Nigeria is likely the second or third wealthiest country in Africa. We have great human resources (mostly tapped already), great swathes of arable land for agriculture of whatever nature. Petroleum/Natural gas reserves in quantities and quality that other countries will envy, we have zinc, bitumen, limestones, gold, coal and a host of other natural resources in commercial quantities. Like I said earlier and still insist respectfully, our problems are in no particular order; corruption, bad leadership and inequitable distribution of wealth.

This guy is actually right. Only thing is Nigeria is not the second or third wealthiest but the wealthiest country in Africa with a GDP of over USD400bn. The sixth largest producer of oil in the world cannot be a poor country. Nigeria is not a poor country!

Its citizens may be poor but as a country, Nigeria is not poor.

And he stated clearly what the issues are. Corruption, bad leadership and inequality. I will add the biggest issue which is high unsustainable population growth.

What Japan may have as an advantage in human capital, Nigeria has more than enough in natural resources.

Abeg which banks have the best fixed deposit rates and what's the latest rate on govt tbills?

Like say everything don kuku ma crash

Lazyyouth4u:

This guy is actually 100% right. Only thing is Nigeria is not the second or third wealthiest but the wealthiest country in Africa with a GDP of over USD400bn. The sixth largest producer of oil in the world cannot be a poor country. Nigeria is not a poor country!

Its citizens may be poor but as a country, Nigeria is not poor.

And he stated clearly what the issues are. Corruption, bad leadership and inequality. I will add the biggest issue which is huge unsustainable population growth.

What Japan may have in human capital, Nigeria has more than enough in natural resources.

The problem with this thread is herd mentality. We tend to think that if you are not Mr A or Mr B, then you can never be right as only Mr A and B are right all the time.

In terms of raw GDP Nigeria is first in Africa and number 30 in the world.

In terms GDP per capita at PPP, Nigeria is 17th in Africa and number 135 (IMF) in the world.

From wikipedia:
"Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore, using a basis of GDP per capita at purchasing power parity (PPP) is arguably more useful when comparing living standards between nations, while nominal GDP is more useful comparing national economies on the international market. "

Corruption aside, given our population, Nigeria is not doing that well. A family of 4 that earns 350k a month is far better than a family of 15 that earns 1 mil per month.

Lazyyouth4u:

This guy is actually right. Only thing is Nigeria is not the second or third wealthiest but the wealthiest country in Africa with a GDP of over USD400bn. The sixth largest producer of oil in the world cannot be a poor country. Nigeria is not a poor country!

Its citizens may be poor but as a country, Nigeria is not poor.

And he stated clearly what the issues are. Corruption, bad leadership and inequality. I will add the biggest issue which is huge unsustainable population growth.

What Japan may have as an advantage in human capital, Nigeria has more than enough in natural resources.

Natural resources is not wealth. It is nothing more than dirt buried in the soil.

Saying Nigeria is rich because of natural resources is like saying a poor 60 year old man without a source of income is rich because he has potentials to become a software engineer and start earning high income.

Mahatma Gandhi once said "There is enough for everybody’s need and not for anybody’s greed".

Maybe, the high level of corruption and nepotism and all other vices Nigeria is known for are as a result of its humongous population.

Grupo:


Natural resources is not wealth. It is nothing more than dirt buried in the soil.

Saying Nigeria is rich because of natural resources is like saying a poor 60 year old man without a source of income is rich because he has potentials to become a software engineer and start earning high income.

Read my comment again. Very carefully. Never in that comment did I mention that Nigeria is a rich country because of its untapped natural resources. I talked about our GDP and the fact that we are the sixth producers of oil. I haven’t even mentioned how much Nigeria makes from our LNG exports. As a country, Nigeria is not poor.

I only compared Japan’s human capital to our natural resources as someone mentioned Japan’s human capital advantage somewhere in one of those comments.

Btw, your analogy was not a good one. Nigeria can be compared to a rich man with 600 children that owns a lot of undeveloped land in prime locations. He hasn’t sold most of the land or developed them yet but he would make a lot more money when he develops all his land or sells them. The only problem is that he has too many illiterate and criminal children. When he dies, the wealth will not go round and will be kept and squandered by a few of his older criminal children while the younger ones languish in poverty.

The country makes and has lots of money. But the people are poor. The key issues are unsustainable population growth, bad leadership, corruption and inequality.

Have a great day!

ositadiima1:


In terms of raw GDP Nigeria is first in Africa and number 30 in the world.

In terms GDP per capita at PPP, Nigeria is 17th in Africa and number 135 (IMF) in the world.

From wikipedia:
"Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore, using a basis of GDP per capita at purchasing power parity (PPP) is arguably more useful when comparing living standards between nations, while nominal GDP is more useful comparing national economies on the international market. "

Corruption aside, given our population, Nigeria is not doing that well. A family of 4 that earns 350k a month is far better than a family of 15 that earns 1 mil per month.

Bros, please don’t ever quote Wikipedia and expect to be taken seriously

Read my comment again very carefully and you will see that you have just corroborated my points.

Naija get money but the money no fit go round because our population too much and some people dey thief the money. While some few billionaires dey suck all the money for themselves and their family and friends without regard for the poor.

Think for a second. Why are some so called billionaires and foreign companies cashing out (in billions of dollars) from this country every year if it was a poor country? Haba.

Lazyyouth4u:

Bros, please don’t ever quote Wikipedia and expect to be taken seriously

Read my comment again very carefully and you will see that you have just corroborated my points.

Naija get money but the money no fit go round because our population too much and some people dey thief the money. While some few billionaires dey suck all the money for themselves and their family and friends without regard for the poor.

Think for a second. Why are some so called billionaires and foreign companies cashing out (in billions of dollars) from this country every year if it was a poor country? Haba.

I leave it to the experts to define what metric to use to classify a country.

But, if 90% of our population live in poverty would I be wrong when I say my qwantry Nigeria is poor.

Nigerian employees of the Anglo-Dutch oil company Shell ordered the deliberate vandalisation of oil pipelines for personal gain, a documentary in the Netherlands has reported.


Nigerian employees of the Anglo-Dutch oil company Shell ordered the deliberate vandalisation of oil pipelines for personal gain, a documentary in the Netherlands has reported.

Dutch television documentary programme Zembla, together with Dutch environmentalist organisation Milieudefensie, reported in a programme to be aired on Thursday that “multiple witnesses declared that SPDC, a subsidiary of Shell, caused the oil leaks”.


Long-term effects of oil spills in Bodo, Nigeria
“According to sources, Shell employees profit from these intentional oil leaks by pocketing money from clean up budgets,” Zembla said in a press release summarising an 18-month investigation of various leaks between 2010 and the present day.

Zembla added the SPDC, along with the Dutch embassy in Nigeria, were aware of the accusations but had failed to address them.

Oil spills in Nigeria have a decades-long history, making companies like Shell, whose headquarters is based in the Netherlands, a frequent target of criticism and protest from human rights and environmental groups.

Millions of litres of oil have leaked into the Niger Delta since Shell began oil extraction there in 1958. Zembla said the “greatest oil disaster in the world is unfolding in the Niger Delta”.

Shell says that 95 percent of leaks are as a result of sabotage. It denies responsibility for the leaks, which it blames on local criminals and organised gangs.

Accusations ‘credible’
However, residents in the Ikarama in the Nigerian state of Bayelsa told Zembla that Shell employees encourage local youths in the villages to sabotage pipelines in the area and then split funds allocated for the cleanup.

“If a clean up is necessary, these same youths are then hired to perform it,” Washington Odeibodo told Zembla.

A former Shell security guard, who claimed to have been responsible for sabotaging pipelines in the past, said Shell supervisors and employees “split the money from the clean up”.