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  #7481 (permalink)  
Old 22nd November 2012, 01:15 PM
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Default Re: Economicwatch

Quote:
Originally Posted by knightofdelta View Post
Well, many of our Twitter activists are brainwashed and made to believe that once you root out corruption today, Nigeria is going to be richer than America tomorrow. Meanwhile, if you combine the wealth of all the oil thieves in Nigeria it is not as much as that of Dangote alone. And Dangote is like 97th richest man in the world...

That forbe list get as e be, are you sure Dangote is the richest in Nigeria? This is debatable.

I will go for Dangote, but how come we don't have Babangida, Abacha,Obasanjo etc on the list.
I think politicians are not good managers of money, someone like Umaru Dikko ought to be one of the richest in Africa.
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  #7482 (permalink)  
Old 22nd November 2012, 01:34 PM
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Default Re: Economicwatch

Quote:
Originally Posted by emmanuel ewumi View Post
That forbe list get as e be, are you sure Dangote is the richest in Nigeria? This is debatable.

I will go for Dangote, but how come we don't have Babangida, Abacha,Obasanjo etc on the list.I think politicians are not good managers of money, someone like Umaru Dikko ought to be one of the richest in Africa.
Hmmm..........Probably because the Forbes listed members can explain legally how they got so wealthy............and the bolded guys, may have a hard time doing the same
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  #7483 (permalink)  
Old 22nd November 2012, 01:38 PM
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Default Re: Economicwatch

Quote:
Originally Posted by knightofdelta View Post
Well, many of our Twitter activists are brainwashed and made to believe that once you root out corruption today, Nigeria is going to be richer than America tomorrow. Meanwhile, if you combine the wealth of all the oil thieves in Nigeria it is not as much as that of Dangote alone. And Dangote is like 97th richest man in the world...
It will surprise you to know that most of these people that mouth corruption are worse than the government they accuse of corruption. If individuals wipe out corruption from their lives and their activities, corruption in government will automatically come to zero. If any of these Twitter corruption activities is arrested by FRSC for not wearing seat belt or not having extra tyre or not having fire extinguisher, instead of them to collect the ticket and go and pay, they will prefer to 'settle' the FRSC Marshal and once they are out of there, they will write on twitter that FRSC is corrupt and that the government is not doing enough to wipe out corruption.
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  #7484 (permalink)  
Old 22nd November 2012, 01:41 PM
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Default Re: Economicwatch

Quote:
Originally Posted by Picolena66 View Post
Hmmm..........Probably because the Forbes listed members can explain legally how they got so wealthy............and the bolded guys, may have a hard time doing the same
Someone like Umaru Dikko embezzled tens of millions of pounds and dollars between 1979 and 1983. The government of Buhari and Idiagbon used Israeli commandos to kidnap him and bring him into the country. The operation was about 90% successful before it was foiled.

When Umaru Dikko, Adisa Akinloye were swimming in millions, the likes of Dangote, Adenuga, Ovia, Otudeko were either green horns in the art of wealth accumulation, or they were in School.

Last edited by emmanuel ewumi; 22nd November 2012 at 01:44 PM.
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  #7485 (permalink)  
Old 22nd November 2012, 01:43 PM
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Default Re: Economicwatch

Quote:
Originally Posted by migiets View Post
It will surprise you to know that most of these people that mouth corruption are worse than the government they accuse of corruption. If individuals wipe out corruption from their lives and their activities, corruption in government will automatically come to zero. If any of these Twitter corruption activities is arrested by FRSC for not wearing seat belt or not having extra tyre or not having fire extinguisher, instead of them to collect the ticket and go and pay, they will prefer to 'settle' the FRSC Marshal and once they are out of there, they will write on twitter that FRSC is corrupt and that the government is not doing enough to wipe out corruption.

We make very little from Oil, yet there is no accountability for the little we make. We need to have institutions that can curb the menace of corruption to the barest minimum. We need to diversify our economy, our value system and attitude to work has to change.
Programmes that will catalyse economic activities and opportunities all over the country should be initiated by all stakeholders. Government have no business running businesses, this should be left to the private sector.

Government should not spent tax payers money repairing the refineries or establishing another national airline, I see these as white elephant projects.
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  #7486 (permalink)  
Old 22nd November 2012, 01:45 PM
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Default Re: Economicwatch

Quote:
Originally Posted by wanaj0 View Post
How many Nigerians pay tax? Apart from those in the PAYE scheme who else pays income tax? We don't pay tax, yet we want free everything, subsidized oil and improved infrastructures. It is not going to happen.

For our population, we are a very poor country considering how "little" we make from oil! The earlier we face reality the better!
I thought it was govt responsibility to collect tas. If they fail in this duty, how can it be the people's fault?
Yes, we make "little" from oil. Last year we made $7B less. Assuming we tackle oil theft and cut this in half, we'll make an additional $3.5B, more than the projected external borrowing for 2013! The biggest subsidy in Nigeria is corruption/fraud, cut that first!!

Quote:
Originally Posted by knightofdelta View Post
Well, many of our Twitter activists are brainwashed and made to believe that once you root out corruption today, Nigeria is going to be richer than America tomorrow. Meanwhile, if you combine the wealth of all the oil thieves in Nigeria it is not as much as that of Dangote alone. And Dangote is like 97th richest man in the world...
How come the richest nations tend to have the 'cleanest' govts. If you are willing to confront corruption/nepotism, you are more likely to make decisions and policies that favour the majority not the few. Corruption is about rewarding a few, if you are tough on this, you'll probably make policies and create the environment to enrich 'the many'.

Quote:
Originally Posted by laso View Post
and may b u wil add this too dat if we decide to share our buldgeted money 4 dis year, individual wil get an amount less dan 30k for the whole year. So much money!!!
This even makes it imperative that all leakages are plugged. It's the reason why confronting corruption and incompetence must be national priority not just lip service!
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  #7487 (permalink)  
Old 22nd November 2012, 01:55 PM
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Default Re: Economicwatch

Investors to take over power firms July 2013 — The Punch - Nigeria's Most Widely Read Newspaper
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  #7488 (permalink)  
Old 22nd November 2012, 02:10 PM
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Default Re: Economicwatch

Quote:
Originally Posted by migiets View Post
It will surprise you to know that most of these people that mouth corruption are worse than the government they accuse of corruption. If individuals wipe out corruption from their lives and their activities, corruption in government will automatically come to zero. If any of these Twitter corruption activities is arrested by FRSC for not wearing seat belt or not having extra tyre or not having fire extinguisher, instead of them to collect the ticket and go and pay, they will prefer to 'settle' the FRSC Marshal and once they are out of there, they will write on twitter that FRSC is corrupt and that the government is not doing enough to wipe out corruption.
You will see the corruption in FRSC next year or two when you want to renew your autoreg vehicle license!

Besides,are they meant to be on a highway/expressway checking for fire extinguisher? Most times if you take the ticket, try and verify the account number to know who you pay to? It may be to one Mr. Alao Emabinu!
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  #7489 (permalink)  
Old 22nd November 2012, 02:12 PM
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Default Re: Economicwatch


I hope this will be for real. When will government sell the remaining 40% to Nigerians?
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  #7490 (permalink)  
Old 22nd November 2012, 02:13 PM
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Default Re: Economicwatch

Quote:
Originally Posted by emmanuel ewumi View Post
That forbe list get as e be, are you sure Dangote is the richest in Nigeria? This is debatable.

I will go for Dangote, but how come we don't have Babangida, Abacha,Obasanjo etc on the list.
I think politicians are not good managers of money, someone like Umaru Dikko ought to be one of the richest in Africa.
People will questionable characters are not checked! Examples: drug barons, mafiaosos.
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  #7491 (permalink)  
Old 22nd November 2012, 02:17 PM
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Default Re: Economicwatch

Quote:
Originally Posted by Oracle View Post
People will questionable characters are not checked! Examples: drug barons, mafiaosos.


Are you trying to say our own IBB is of questionable character.
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  #7492 (permalink)  
Old 22nd November 2012, 02:23 PM
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Default Re: Economicwatch

Quote:
Originally Posted by Oracle View Post
You will see the corruption in FRSC next year or two when you want to renew your autoreg vehicle license!

Besides,are they meant to be on a highway/expressway checking for fire extinguisher? Most times if you take the ticket, try and verify the account number to know who you pay to? It may be to one Mr. Alao Emabinu!
how? I used to renew licenses without any problem in banks(lagos) while I was still in university and it was problem free, has anything changed?
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  #7493 (permalink)  
Old 22nd November 2012, 02:28 PM
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Default Re: Economicwatch

Quote:
Originally Posted by emmanuel ewumi View Post
Are you trying to say our own IBB is of questionable character.
No. na comma character!
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  #7494 (permalink)  
Old 22nd November 2012, 02:34 PM
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Default Re: Economicwatch

Quote:
Originally Posted by Oracle View Post
People will questionable characters are not checked! Examples: drug barons, mafiaosos.
Do you really think IBB would have been able to single handedly steal $12b? Seriously, I think we over estimate the level of high level
Theft that goes on.
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  #7495 (permalink)  
Old 22nd November 2012, 02:35 PM
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Default Re: Economicwatch

Quote:
Originally Posted by netotse View Post
how? I used to renew licenses without any problem in banks(lagos) while I was still in university and it was problem free, has anything changed?
There is confusion with the introduction of the new vehicle number plate. People go to FRSC to pay while some go to Board of internal revenue to pay. There are already fakes of these numbers but people don't know. It is when you go for renewal the following year that you will be told that your number is not registered under your name but on someone else's name in another location! And if you ask what needs to be done about that anomaly, you will be told to redo the registration of number plate and you will bear the cost.
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  #7496 (permalink)  
Old 22nd November 2012, 02:40 PM
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Default Re: Economicwatch

Quote:
Originally Posted by nosa2 View Post
Do you really think IBB would have been able to single handedly steal $12b? Seriously, I think we over estimate the level of high level
Theft that goes on.
He cannot! It is a gang thing ! A participation circle!
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  #7497 (permalink)  
Old 22nd November 2012, 02:45 PM
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Default Re: Economicwatch

Quote:
Originally Posted by Oracle View Post
There is confusion with the introduction of the new vehicle number plate. People go to FRSC to pay while some go to Board of internal revenue to pay. There are already fakes of these numbers but people don't know. It is when you go for renewal the following year that you will be told that your number is not registered under your name but on someone else's name in another location! And if you ask what needs to be done about that anomaly, you will be told to redo the registration of number plate and you will bear the cost.
thanks for the info.
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  #7498 (permalink)  
Old 22nd November 2012, 02:58 PM
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Default Re: Economicwatch

Quote:
Originally Posted by Oracle View Post
He cannot! It is a gang thing ! A participation circle!
So while his regime definitely stole over $12b no single thief could have stolen that much thus non of them would be worth more that Dangote.
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  #7499 (permalink)  
Old 22nd November 2012, 03:25 PM
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Default Re: Economicwatch

Quote:
Originally Posted by nosa2 View Post
So while his regime definitely stole over $12b no single thief could have stolen that much thus non of them would be worth more that Dangote.
Did I say he is worth more than Dangote?

I only replied Braa Emma's post when he asked why IBB and others are not on the list.
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  #7500 (permalink)  
Old 22nd November 2012, 11:09 PM
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Default Re: Economicwatch

My belief is that the budget benchmark should be set at $63.99 per barrel for 2013. My opinion doesn't count though as the benchmark would be set at $75 - $80 any way.

The Oil Benchmark Conundrum.
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