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Why Can't Nigeria's Oil Revenue Be Paid Out To Citizens?

When the people of Alaska discovered that their politicians were not managing the oil revenues according to their interests, they decided to create a government-managed corporation that would invest the oil revenues from the state in the capital market and then pay yearly dividends to every citizen of the country, rich or poor!

The political crisis in the Niger Delta area would not exist if we had such an arrangement. Instead of foolishly trusting our corrupt politicians to manage our oil revenue for "us" (i.e. themselves), we should organize something like that in Nigeria. If the oil belongs to Nigerians, then the money that the oil is generating should be paid to us!

When that dividend is paid, then it will be the duty of every Nigerian to spend it wisely. How do you see this?

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78 answers

Alaska is just a state of what population compared to a nation of 150 million people with different everything.

Wont work

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Oil revenue paid out to citizens?For where dat one dey happen?

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Very good point

But the Naira will further lose its value

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Point Taken, however I don't think that Nigeria will not be in a situation were it can hand out such packages by 2050.

I don't consider The US The economic Power House of the world, to me that country is just an Over Rated Agbaya, Nigeria shouldn't strive to be like America, but like a industrialized Economy were The Middle Class is Fueled by such Packages etc.

The "Reason" why I proposed that Nigeria hand out these packages, is so that Nigeria's Middle Class is strengthened.

I would estimate that Nigeria's Middle Class is 7% to 15% of the Population. Of course America won't be handing out such Packages, because they already have a Middle Class that consists of most of their Population.

There are Three Situations here.

Countries like the United Arab Emirates and Kuwait, with Low Populations and High incomes, they can afford to embark upon lucrative Projects and developments etc.

Countries like the U.K, America, France, Germany. have a Strong Middle Class but they cannot afford Complacency.

and Lastly Countries like Nigeria, Angola, Sudan, Egypt and India. They are emerging Economies with an Abundance in resources, they have the capability to become Regional or Global Super Powers, however they have a Weak Middle Class that needs to be Expanded.

Nigeria is no U.A.E with Cash Flowing over the Top, but Nigeria does have resources that should be able to expand its Middle Class into what it should be.

Yes but this Necessities and Amenities have being Given to the citizens of America Indirectly through Jobs.

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Guy, there will be no handout to anyone. By 2050, all proven Nigerian crude oil would have completely depleted.

Anyway, thank God you said when Nigeria has attained economic breakthrough. But you should also ask yourself why the USA which is by far the richest country in the world is not "dashing" cars, houses, microwave ovens and fridges to all their citizens even after a hundred years of economic breakthrough.

That is just not the way life works.

And finally, 2 people drinking 1 bowl of Garri and 150 drinking 1 bowl of Garri with expectation of 75 more bowls in the future is not the same thing.

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Whoever said Nigeria was Kuwait.

If certain amounts of money are Distributed annually, the Plan will be feasible. Plus I did say that this should only be implemented after Nigeria has made it's industrial Break Through. After Nigeria has already capitalized on The Non Oil exports and improved the economy.

Kuwait produces more Oil than Nigeria, but by 2025 , African Oil Producers like Nigeria, Libya, Algeria, Sudan, Angola and South Africa will inevitably surpass The Middle Eastern Countries as the World's Black Gold hot spot and the worth of Oil will be Quadriple what it is today.

Two people with a Bowl of Gari is equal to 150 people, if they have 75 bowls of Gari. My point being, that by the time that this plan should be put into place, Nigeria should already be refining Crude Oil at oil at 100%, Nigeria should be Producing, Petrochemical Items, such as Vaseline, Plastic etc and exporting it to neighboring countries, and Nigeria would already have exploited it's Non Oil Sector.

So you cannot, possibly tel me that this is illogical, when it is evident that it can be achieved. You cannot tell me that China cannot achieve such a Plan, or Brazil.

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Some Stats.

Nigeria's current Refinery Capacity:

445,000 bpd.

Kuwait's current Refinery Capacity

930,000 bpd.

Kuwait, has a Larger Refining Capacity and a Lesser Population, but apart rom Nigeria's Crude being of more Value (Bonny Light) Nigeria has a more Robust Non Oil Sector.

By 2050 Nigeria will have a GDP of $11,437 to $18,000 placing Nigeria in the Top 50 GDP Capita and only a stone's throw away from Kuwait.

Also I never said that Nigeria should distribute Revenue, I said that the Government should introduce certain Packages.

This is envisioning, and Short Sightedness from people is one of the reasons why Nigeria Lags Behind and other countries zoom past.

So if anyone has something besides Geography to discuss, then Tahhhhhhhhh.

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@Seun

Nigeria makes $40billion from crude oil yearly. If you split it among 150million people, that's $340 each. That will result in a payment of N40,000/annum or N3,500/month. That's change. Very petty change.

Don't forget that it costs money to distribute money. And besides, if Nigeria should close its account to be "dashing" citizens N3,500 monthly what will the country carry on business with? How will they pay workers? Will they not construct any roads?

Please we should quit this Ghana-must-go, share-the-money discussion before it gets to the ears of the masses.

@dblock

Nigeria is not Kuwait! The population of Kuwait is 2.5million, if Nigeria's oil revenue of $40billion is distributed among Kuwaitis, each citizen will have $16,000. That'll be N170,000/month. So please don't be comparing Nigeria with Kuwait. GEO 001: Nigeria is not Kuwait.

And just for your information, Kuwait makes $50billion/annum from crude oil. So if they split it among their 1.2million citizens, that'll be $20,000/annum each. N200,000/month. So please don't compare 2 people with a bowl of garri to 150 people with the same bowl of garri just because they are both bowls of garri. That is illogical logic.

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That's ridiculous.

Nigeria has far more resources than Kuwait, and the only reason why Nigeria isn't good today is because Nigerians don't want the country to be good.

There's nothing wrong with my plan, it can be achieved without any side effects, I think in that coming years it could probably be realized. and yes Nigeria isn't Kuwait it is Nigeria, just as America isn't Kuwait or Spain isn't Kuwait.

Thanks for the Geography lesson but I believe we were discussing economics.

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This is Nigeria, not Kuwait, we're not that rich and neither are we responsible enough!

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Nigeria can be like Kuwait and allocate certain amounts of money to citizens through services. There is no risk to the economy, the HDI of Nigeria improves, There is no inflation and the people of Nigeria will feel the impact.

There can be certain amounts of money given to people through Packages like;

*A New house for every married couple in Nigeria (Kuwait already implements this)

*One New Car for every new family

*TV Set. Microwave, Oven, Fridge, Freezer etc for New Families

*Brand New Boats for coastal communities along with fish nets and reels etc.

*A new Car for every Nigerian Citizen that turns 18

Of course these packages, will not be feasible if Nigeria's economy is not sustainable. There will have to be Manufacturing plants in Nigeria etc, Nigeria will have to have adequate Infrastructure etc.

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Distributing the money will move us forward. Not because of the money, because the effect is merely re-distributive, but because people will become more responsible. Because people will not have any government to abuse anymore. My aim is to make them feel that the responsibility for development is theirs; that the power is in their pockets and not in Aso rock or under the "honorable" governor's bed. I want to thank the 14 people who saw the merit in this.

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NigeriaONE.com

I am sorry but noone should  paid citizen for oil. It is morally wrong,  But govt should pay the citizen money for finding oil on their land,  and not royality,  Oil is a gift of God and not man made,  it is not like cocoa that people plant,  It is a lazy man agruement  to collect royality from what you did not plant,   

look if you do this the north would suffer,  and just some individual in Nigeria and even in the niger delta would enjoy,  even less than 10% of the people of the Niger delta can lay claim to owning a land,  so if you give the 10% of the niger delta people royality what about the 90% of them, 

The issue is to create a fair system,  and I believe that the new increase in VAT,  should be retain,  but only collected by the individual state,  Just like it is done all over the world,  In canada,  they have the same system,  under a dffirence name,  14%   ,  The first 7% goes to the federal and the second 7% goes to the state where you buy the product.  It is the same all over the world, 

This is how it works,  When you go and buy anything,    you pay 5% to the federal and you pay another 5% to the state you buy the thing in,    example,  if I am in Kano state, I would pay 5% to kano state and pay 5% to the federal govt,

If I am to pay for petrol,  The new petrol increase should be paid to the state ,  example Jigawa state must be paid the differences of the new prices,   It is called point of sell oil derivation ,  Without a buyer , noone would buy the oil from the niger delta,  so if the people of Kano , jigawa, bauchi are using the oil in the south,  they should get derivation from oil to run their state,  from the point of sale,  which I mean the petrol state,  this is how it is done all over the world,   You can not have the southern state get oil derivation and to give the buyer of the oil based on derivation is is unfair,  and we should correct that part. using this increase,  it should go to the oil buyer sales using derivation too.

better still a example,   If I go to a petrol station in Kano state,  I should pay kano state govt,  the different in the new petrol price,  And also pay kano state the difference in the new 5% increase in VAT,  This is how it is done,  This is the only way to have uniform development,   You can't just pay only Niger delta 13% derivation , without paying the consumer state like kano state, jigawa, bauchi state ,  consumer oil derivation at the point of state,  If we continue with a one sided system only the niger delta would develop and other part of Nigeria would not,  We need to introduce a 13% POINT OF SALE OIL DERIVATION  and  a 5% STATE VAT  ,  If we do not introduce this the north would suffer at the end of the road,

Just imagine only one part of Nigeria getting derivation,  and the other do not ,  the scale will result in inbalance in the system,

Nigeriaone.com

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That's what am saying. If Nigerians are to split this money, the government will impose high taxes on them and put in place more stringent means of collecting those taxes. No be wetin I talk be that.

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That's what am saying. If Nigerians are to split this money, the government will impose high taxes on them and put in place more stringent means of collecting those taxes. No be wetin I talk be that.

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You people better stop discussing this malicious idea before one politician sees it and starts implementing it.

This thing is feasible, but not exactly like this. The NNPC would be privatised and its shares sold to those that actually have oil on their land. If you're from Bayelsa state and there is no oil on your land, nothing for you. Anyhow, when these shares have all been distributed among the true oil producers, government can now tax the NNPC just like a normal company. This way, the shareholders can get their revenue directly, plough back their investment, spend it or sell their shares.

This is a process that requires serious planning and careful management yet I think it is most likely going to make no difference. Look at Alaska today after years of recieving oil revenue and payment of dividend, are they the richest state in the US right now? High per capita in places like Halibut of about $90,000, but low in places like Aleneva; about $4,000. If this obtains in the Niger-Delta, with the poor infrastructure on ground, the high earners would take their revenues to more comfortable places like lagos, Abuja or abroad and spend it and the low earners will remain. Not moving forward or even back.

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Seun The Government could pay a Portion of the revenue to the citizens, but they would have to be careful not to put too much into the hands of ordinary citizens. Currency is Printed According to The Worth of Resources in the Market. If the Government were to give money to people that don't give a damn about Mining etc, what would happen is Drastic decline in Production. Yes Inflation would be Alleviated, but Nigeria's Economy would Plunder.

After a while There would be less Money in Circulation and to meet Demand, Inflation would have to be Induced.  What would happen Is a Mega Inflation and then sudden drop inflation That's what I predict would happen. Inflation would rise immediately to around 200% and then drop to around 2% after a year or so.

An Economy where few people benefit from Resources is better than one that doesn't Function at all and There is No money to distribute or Allocate.

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ever did economics in school , u can share oil revenue in cash to people, that influation , how will u develop ur infracture? try use brain when posting sh& t ok?

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@seun

what if stranger12 understands economics more than all of us?

I say good, teach me something I didn't already know.

@post

Money from oil is the only revenue naija gets legally, unlike the Alaskan Govt, our govt will never share that money, because:

1. Purposely inaccurate census

2. Land use decree

3. Over reliance on oil money

4. Need to finance corruption

5. South-south was carved out to "feel special" and loose their majority power working with the Igbos in the east and the yorubas in the west.

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My inference is that you think you understand economics more than us, which is ridiculous but not surprising.

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stranger12, I need you to stop assuming that we don't understand economics far better than you do. Is that ok?

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Do you know that N5 paper was more expensive than its value.

Nigerians, please dont sleep until you understand global economics

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True,

But do you know that technically, the government can print new naira notes and pay civil workers and nothing negative will happen if the amount of naira in circulation is just right for its 140 million citizens? The job of the government is to determine the amount of naira in circulation. If you want to stop inflation, stop putting too much naira in circulation. If you think its too little, inject a little bit more to balance things up.

There are ways to inject more naira into circulation (reduction of tax)

And there are ways to reduce the amount of naira in circulation (increase tax)

I'm not an economist but I believe the Tax system can be used to regulate currency,

The benefit of foreign reserve and foreign currency is importation of ideas, of infastructures, of machineries and to bribe other countries.

But I don't think the Nigerian government sees this.

Just kidding about the last bit regarding bribing

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Give nigeria oil 15 to 20 years,it's dried up,the only legacy would have been up to date infrastrutures and long term investment on human and material resourses.It is just annoying for our socalled leaders to be so blind and dumb in the 21st century world when even the Inuit at the far end of the world are in the race for constructive civilization.Things that the egyptians, the greeks and the romans have done thousands of years ago and still today,we haven't started cleaning up our streets,we have to start from the basics like Idiagbo tried to do,then inculcate it in the children,then a new culture begins,a culture of discipline,of resourcefulness,of creativity and most of all of common sense.

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We get paid in dollars for our oil but after that how is the revenue spent in Nigeria?Does the FG pay its workers in dollars?Are contractors in Nigeria paid in dollars?The last time I checked,Nigeria uses the Naira and all that dollar revenue has to be exchanged for Naira.

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Hmmm. All the insults notwithstanding, I have done my homework and I remain convinced that the only result of this move will be a cheaper dollar leading to a temporary import boom and nominal deflation, (not inflation).

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@ 4Play

you don't understand the perculiarity of nigeria. Nigeria depends solely on crude oil exportation.

the fact that you strenghten the naira would not affect the production of crude oil

at the moment, crude oil is produced at about 2,000,000 barrels per day.

the trade is usually done in dollars not in naira.

Nigeria can make it work to its advantage, I know you are worried about exportation but do you know we can, for the moment, focus on building the industries by importing technical knowlegdge and machineries for the next ten years to build our industries.

Nigeria doesnt need to bother with exportation because its already there in the form of crude oil.

I wouldnt want to double the strength of the naira like you suggested but I would suggest keeping it fixed for about 10years, thast should the trick.

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In Nigeria we spend the Naira.If Naira was to strenghten from 140 Naira to $1 to 70 Naira to $1.You will need to double your exports just to get the same value.

Whereas $10 billion of oil exports will before get you 1.4 trillion Naira to spend in Nigeria,$10 billion of exports will fetch you-with a massive strengtening of Naira- 700 billion Naira to spend in Nigeria.Inflation has to happen to bridge the gap

Also,you will have an increase in importation which will damage the little local industry we have.As a developing country,we need to develop an export oriented economic policy and discourage any policy that will bring about massive importation

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the foreign investment of $40 billion cannot lead to inflation until someone does something as crazy as spraying it in naira to nigerians from an helicopter

without knowing it, that is your suggestion

Do you know that the result would be different if dollars is sprayed instead of naira?

I normally don't make sense when I make comments like this but don't worry, there is always something wise in it, if you search deeply.

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A strong currency discourages exportation

A weak currency encourages importation

but what they (economist) fail to tell us is that most times

A strong currency encourages importation

A weak currency discourages importation

Nigeria WILL NOT suffer the side effect of strengthing the naira because OIL WILL ALWAYS BE IN DEMAND AND WILL ALWAYS BE EXPORTED

. . . i still wonder why people in power don't see things the way I do.

can someone tell me my above argument is valid and true or dispute it with reasons

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@Stranger 12

I don't think he has heard about the Udorji Awards in the 70s

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from wiki

Seun, you really need to study a bit more of economics

There are some fundamental issues that we all know.

DEMAND and SUPPLY.

Have you stopped to ask yourself why prices rise shortly after government increases minimum wage/salaries?

the reason why bread is N100 per loaf is because the common man can afford to have N100

The naira would suddenly be cheaper than toilet roll if every privates and harry has some few thousands in their bank accounts. The market women in your Omida Market will begin to sell bread to match the governments moneytry gift.

The economic solution you are seeking lies in the strength of the Naira. But it is a delicate balance. Too much strength is bad, too weak is bad too.

But we are in a time where the demand for Oil is high. So much so, that a strong Naira wont be to the detriment of Nigeria.

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In the highly unlikely event that we get an extra $40 billion in foreign invesment in 1 or 2 years,this capital investment,will be inflationary but not on the same scale as a gratuitous distribution of money to rank and file citizens.

Foreign investment-in terms of building factories,buying equity in local coys,,e.t.c does not have the same effect on the economy as  gratuitous payments.

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agree with me that it's a good idea, then we can talk about the implementation details.

Concerning inflation, do you guys believe that foreign investment of $40 billion or so will lead to inflation? If so, then I want you to consider that what matters is not inflation or no inflation, but better lives of people.

The world being a global village, the overall result of a dollar giveaway to millions of Nigerians would benefit us at the expense of everybody else in the world who spends dollars. Localized inflation won't be the result.

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Na waoo, Seun abi you from Ogun state?Your statesman is the president.You should know better.

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feasible.

My proposal asks the government to give away money to its citizens equally: rich or poor, employed or unemployed.

An excess of dollars will not result in inflation. It will result in a short importation boom, and nothing more.

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Kudos Epoma,i wonder what seun means by sharing money in that society that people don't understand what money means,money is just paper,the real wealth is you and the resources you have.Africans are rich but we don't know because we are not tapping into our resources due to bad leadership and very very wrong orientation of life and precedence.Just becoming an organise livestock farmer in the village can make you rich,for generations.

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because the government is whacked!

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I saw this interesting article-http://www.csmonitor.com/2007/0416/p01s04-usec.html?page=1

Even in a nation famed for its free market economy,52% of Americans receive income from the Govt

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@topic

it wouldnt work in the peoples best interest.

The suggestion is tempting but it would only result in inflation.

You would get the same effect if government decides to print bank notes and dole out to people.

The needs of the people should be addressed. Money is not neccessarily what people want. Money is just a means to an end.

Government should find ways to improve the educational systems, communication, security and health system.

As a Nation, the wealth is there, the task at hand is to find a suitable way to distribute the wealth.

by having projects (such as building new structures, refineries, roads) the government would use a stone to kill two birds.

1. Increase the number of people in gainful employment and

2. the creation of public amenities.

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I believe this "sharing" is being suggested as a way of making the people lead a better life. And that's why the idea is fundamentally faulty. The role of managing our national wealth is actually that of the government. Though I love the idea of leaving the greedy politician with less of our money to squander but we all know this a tall dream just as much as what I'm about to suggest, rather unfortunately.

The people of Nigeria and indeed Africa should establish a system of setting specific targets for aspiring leaders.

These targets should be :

1. Based on agreed indices for national growth and development. e.g how many new roads, new colleges, new universities, new stadia, new homes etc to be built every year?

2. Fully defined qualitatively and quatitatively and devoid of jargons and rhetorics thus making performances easily measurable. e.g. rather than say “we want to improve the macro-economy by 10% in one year” We can simply say “We will build 2 million units of family homes in one year” Obviously this will create thousands of job, Hundreds of enterprises, improve peoples purchasing power, and reduce inflation. I guess this is what “improving the macro-economy" is all about.

3. Constitutionally and legally biding on whoever gets to the specified office. This system of setting growth targets must be entrenched in our constitution and every set target passed into law.

For example, assuming we have a legally binding target for the president to deliver 25,000 megawatts of electricity in 8 years, it will be unneccessary for an office seeker to come on the podium and promise 50,000mw. Campaigns will then be based on objective and practical methods of achieving our common goal rather than empty promises.

4. At the end of every term, office holders must be assessed by the level of performance against our collective goals. If goals are reasonably met, such office holders could be rewarded e.g by being allowed to serve again.

5. Leaders found wanting should be punished e.g by impreasonment or death (yes!)

But of course I'm just dreaming, again rather unfortunately!

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Whoever suggested this needs a crash course in Economics.

What is Nigeria's true population? Is the last census figur really accurate?

What is the birth/death rate in Nigeria?

If the problem of ghost workers in the civil service has not been eradicated, what is the guarantee that this new idea won't suffer such?

With such large amount of money in circulation, what happens to the inflation rate?

Who accounts for the disbursement of this money?

Lots more,

Somebody please say something.

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There is a lot of gut in this blog Nigeria is a blessed country with oil even our gas is more than oil yet we keep on surferring in the hands of greedy leaders I wonder what country like Chad that survive on eaten imported bread would be talkling about if the head is bigger than the body confusion arises; I think other sector of the economy should be consider.

Sharing this money won't do any good! guest I have more problem than been here.

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in the first place the minerals act of nigeria states that all the mineral resources in nigeria belongs to the federal government.

in the second place, who will be the fund mamnagers[ the nse or what people that have no intergrity who will do the government biddings].

thirdly is it communally owned or what[smells like communism or socialism]

finally no gov in power except pat utomi's would want to release the goose that lays the golden eggs.

this thought is brillant but as omotola would say naija lo wa, what operates in alaska might not operate in nigeria.

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According to Seun,the money will work out at 36,000 Naira per person-Thirty Six Thousand Naira.Which kind of car can you buy with that amount or expensive mobile phone?

because Alaska,with a tiny populace distributes money.Nigeria-a nation of 140 million should start distrubuting money as well

PS:There are only 600,000 people in Alaska-That is the population of some Local Govts in Nigeria

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SEUN,

You don dey think like you brother OBJ,We need Train Links and super motorway, Good schools and hospitals and and A lot of Infrastrures for our people to leave in. I know say we don dey use to to dey throw poo from from window, But all this are what needs to be address Urgently and not sharing money. If you give poor nigerians money , they go first buy cars and expensive mobile phones and chasing woman before they go do anything with thier free money.

Seun take you time. I thought you were a man with a Vision. You don dey think Like Goodluck Jonathan who spent most of Bayelsa money to bring bounyce and and those american hip hop stars to nigeria to prove nothing. Now him say he wants to build a condom factory for nigeria, the factory wey ordinary Onitsha traders don get already.

Nawaaaa OOO

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@Puker

You don't know that the state governor are already stealing your money. The focus on OBJ is to make you not see. 3 trillion Naira and thousands of Man Working hours made over 8 years what has he done with it.

THE INSTITUTE OF GOVERNORSHIP IS VERY CORRUPT NOW. YOU JUST WAIT AND SEE WHEN THE STATE GOVERNMENT HAVE CHANGED POWER.

WE WILL SEE WHO IS CORRUPT AND THEN THE COMMIT THEM TO THE LAW OF THE LAND.

WE DONT NEED TO NIGERIANISE CORRUPTION SO THAT WE KILL OUR CONSCIENCE.

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This is a marvelous idea. Let every individual b paid the oil revenue. Just the oil revenue. Then we can decide how to maintain our communities. That would be great.After all, people evacuate their drainages and fill pot-holes within their areas, if they had access to good money, they will repair their roads, provide power, and even build schools!

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Seun i so much i agree with your proposal but who is ready to carry it on. I think that Nigerian media is suffocating our progress. They in the media i think should carry must of these ideas and pressurize the govt to look this way and make amend instead of busying themselves publishing cheep informations on politicians who steal our economy dry.

I want to add something to what you suggested. The idea of ceding oil blocks to individuals is conspiracy against the oil producing states. Instead these oil blocks should be given to state govts who can provide the wherewithal to harness these resources and use the money for the betterment of Nigerians. They should as well team up with non oil producing states based on percentage to harness these oil blocks instead of giving it to individuals who engage third/Fourth party companies to drill and fill their pockets.

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THE SOVEREIGNTY AND THE TREASURY

This is the fundamental collective hold of a true states

1 The Sovereignty is the collection of

a) The honesty of the people

If you have a man in charge of money meant to be used for a development of a state and he is dishonest with the information and money he spends it on himself no amount of money you give him will satisfy his wants.

b) The Patriotism of the people

When someone can Sabotage a state for personal gains.

Look carefully If water gets to the state the people that were selling water before would be afraid of the solution to the problem. The solution will take food from their mouths. It is not everybody that should sell water.

c) The hard work of the people

A man must work hard because there is dignity in labor. You can not exchange work for laziness and expect to be paid. If you reward a lazy man he will develop more lazy men. No amount of money can buy Laziness.

d) The Confidence of the people

The people must dream If Not THEY WILL HAVE NIGHTMARES The trust is one Good thing that you cannot use money to buy.

e) The Education and professionals (Wisdom Technique and knowledge)

From Ancient technique of farming and common sense problem solving technique form the OLD MEN OF INTEGRITY. (this is why Lagos should have very good Transport system because of the old cannot run after MOLUE EVEN IF YOU GIVE HIM ALL THE MONEY. YOU HAVE TO CREATE A SYSTEM.

f) The bravery of the People( Ability to take risk)

One very great asset of the people. There are people can stay in desert or in the ship for weeks and survive. There is evil and good in Bravery, you can choose to look at the Good and reward it. You will see someone that is about to die on the street and you risk being called a ritualist if you help him perhaps he dies. There are so many brave people in prison there so many lawyers that are there doing not BRAVE to HELP THEM. NO AMOUNT OF MONEY CAN BUY BRAVERY.

g) The love that they have for each other

When you see some one in need and you help him that is not Love that is Kindness. Love is looking for Good to do to you fellow person or Neighbor. You cannot BUY THIS WITH MONEY.

h) The religious morals of the people

THEIR IS SO MANY GOOD THINGS IN DIFFERENT RELIGIONS THAT MONEY CANT NOT BUY.

i) The family that makes up the states

IF You have a family that the husband is in japan and the wife in england you will see that the child is in danger of misbehaving, no amount of money will cure the behavior of that Child. The father and mother is their the child intelligence is very high.

j) The tribes and dialect with their languages

This is one of the greatest asset but because we have hard very bad leadership it has been used as a weapon. If you here a Ibo or Yoruba Guy speaking Ibo you will be very much accepted or imagine a Hausa man speaking Ibo very fluently. If I were to suggest that we send people to learn Ibo language because there are many people that speak Ibo than GERMAN. In Singapore I discovered that you must speak/understand more than one to get a Job.

In Ghana you can see some one speak four languages! it give you a high sense of patriotism and acceptance.

All this are assets not Liabilty They are more than money Ten million times.

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i would just like to point out that alaskans do not recieve vasts amount of money from oil companies they on average recieve less than 1000 dollars (usd) a year, the companies such as alyeska and bp who have head offices up north pay for schools, encourage internships within the companies, and regularly give out scholarships instead of giving ppl large sums of money,

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