Ilorin - they are silently improving their agriculture

Every state anywhere is good for investment.

As long as you apply the guidelines of start a business in economics.

I can't remember how it goes but I can remember this term "Whom to sell to". there are others that follows.

What I am trying to draw out of this is that. You need to know your target, what they want, how they want it. And be ready to surpass any existing competition.

Sorry not a business man.

I am sure as hell that you will make your money anywhere you venture into.

i think ondo is also viable economically.

abouzaid:

^^^ guy if your girls are not being married by other igbos. It's because they have acquired a well deserved reputation as love peddlars not because the other igbos have ganged up against imo. even in anambra girls from onitsha are avoided like a plague because of their bad reputation, also igbos don't regard girls from cross river and akwa ibom as love peddlars. Don't start an online enemity between brothers        @fxtopedia  those boko haram and almajiris are the one feeding your over glorified lagos. Agriculture is best practised in the north and i encourage any body interested in large scale agriculture to come up here in the north

Please tell him the bitter truth. Am from Ogwasiuku, I have a friend from Anambra who once told me that immediately you say that you want to marry imo girl everybody in the family will frown at it. I think imo girls/guys has fundamental problem why other Igbo states and more especially Anambra people particular both their guys and girls does not marry from imo. Anambra prefers marrying among Anambrans and also marry from Delta because my fiance is from Anambra

That depends alot on what kind of investment you are looking at,But its a good thing you postd cos u ll gather alot of informations and have options to consider,for example i never wud have thought of illorin as a good ground for investment until i read someone's post on this topic.Information is Power and Detailed information is wisdom.

jmaine:

How is Boko haram messing it up ?  . . .

well i don't think it's hard to imagine. Some should fear for their life cos of them.

abouzaid:

How come no body is talking about agriculture. If your interested in agriculture pls your welcome here in the north. Land is cheap or even free,labour cost is dirt cheap, constant electricity,excellent network of road, no government endorsed extortion like LASTMATA or ndi mpia wa azu and the crime rate is almost 0%

wouldn't u jst shut your Bleep up? Are bombings not crime?

The question is not exactly well put through!

Economic viability would be an investment consideration depending on what sector and kind of investment you are seeking.
For instance, if you are looking to invest in Agriculture, climate and soil fertility as well as land use and community activities would be your consideration. Benue, Taraba Adamawa, Edo as well as a couple others would be  ideal depending again on the kind of Agriculture.

If you are looking to invest in Manufacturing, you would be thinking access to markets, infrastructure and human resource. Lagos, Ogun, Rivers, Edo. et al would be good.

If you are thinking Services, then Lagos is numero uno. But there is also a host of economic potential in states like Rivers, Delta, Edo, Abuja, Akwa Ibom et al.

From my observation over time, After Lagos and Abuja, the South South states offer the best potential not just because of the oil industry, but also because of the large concentration of an educated populace.

So all in all, the most viable states for investment would depend on the specific sector and kind of investment you are seeking! So be specific!

viability of a business depends on ones idea.
Would you go and buy 10 hectares of land in Ikeja, Lagos for an agricultural purpose?
One of the biggest source of Dangote's wealth lies in an arm of his company located in a one-time village called Obajana in Kogi st.

PapaBrowne:

The question is not exactly well put through!

Economic viability would be an investment consideration depending on what sector and kind of investment you are seeking.
For instance, if you are looking to invest in Agriculture, climate and soil fertility as well as land use and community activities would be your consideration. Benue, Taraba Adamawa, Edo [/b]as well as a couple others would be  ideal depending again on the kind of Agriculture.

If you are looking to invest in Manufacturing, you would be thinking access to markets, infrastructure and human resource. Lagos, Ogun, Rivers, [b]Edo. et al would be good.

If you are thinking Services, then Lagos is numero uno. But there is also a host of economic potential in states like Rivers, Delta, Edo, Abuja, Akwa Ibom et al.

From my observation over time, After Lagos and Abuja, the South South states offer the best potential not just because of the oil industry, but also because of the large concentration of an educated populace.

So all in all, the most viable states for investment would depend on the specific sector and kind of investment you are seeking! So be specific!

You are talking nonsense. What is Edo state doing in that list? The last I check there virtually nothing working in edo. Edo has very unfriendly business environment, the state does not have necessary platform and infrastructure, good economic/commercial environment for foreign or local investment for quick returns on investment.

Five most viable states in Nigeria:

Lagos: Major hqtrs, Seaport, sizeable economy/commercial environment.

Rivers: Oil & Gas refinery, Seaport, sizeable economy/commercial environment

Anambra: Oil & Gas refinery, Seaport, sizeable economy/commercial environment

Delta: Oil & Gas refinery, Seaport

Kano: Sizeable economy/commercial environment

any how you look at it you can't stray too far from lagos because that is where the market is.
but pretty much every state has something if you know what you are doing if it was obvious everyone would be doing it.
depends how much money you have and what sector you are interested in.

the personal security industry will boom in nigeria particularly in lagos abuja delta and rivers . yes there are security challenges in the SE states but people just run away while in those states people are still forced to stay and do their thing.
specific sectors in agriculture(not all) will do well in the southwest because of the market in lagos. so ogun state is a good bet.
if your pockets are deep enough palm oil business has potential in akwa ibom cross river  as in much of the east but i prefer those two for its relatively peaceful situation.
the SE is a difficult one but probably the most important outside lagos as far as manufacturing potential is concerned and in my view the most sophisticated workforce. the main problem is access by road,rail or river. without dealing with the access problem it will be very challenging.
another surprising one is Sokoto state. a surprising destination for investment but like i said if it was obvious everyone would do it. mainly agriculture and cattle there is huge potential here if you know what you are doing.
finally ogun state . lagos state is too small and its population is probably six times that of ogun. by road you cannot access the rest of nigeria except through ogun state so anything that falls from the table in lagos ogun will eat plus it has a good potential in agriculture and probably the next largest manufacturing capacity outside lagos.
for the relatively small investor every where in nigeria is good if you are serious. even a good restaurant can feed you and your family well. retailing fast moving provisions or beer parlour business as long as you choose location wisely.

^^


You analysis is diversionary and does not hold any water. Why do you keep hammering on the SE as if the mention of SE is your beginning of wisdom? Apart from Lagos which is largely FG and Igbo/Hausa domination, the entire SW is hugely un-secure and unfriendly business/economic environment which is today responsible for investors being scared away from places like Ekiti, Osun, Oyo, Ondo, ogun and attendant poverty ravaging the region. Place like NE and some parts of NC will be good for agricultural investment due large mass of lands. In the SE, states as Anambra and Abia, particularly Onitsha and Nnewi will be suitable for investment in manufacturing/technological due to the existing large commercial outfit and daily visitors traffic witnessed in the city. Onitsha Port will also be a major added advantage.

Ohaneze1:



You are talking nonsense. What is Edo state doing in that list? The last I check there virtually nothing working in edo. Edo has very unfriendly business environment, the state does not have necessary platform and infrastructure, good economic/commercial environment for foreign or local investment for quick returns on investment.

I think you have a lot to learn about Economics. Edo state FYI is one of the most economically viable states in the country!!
And I can prove it with three facts.

1) Benin Airport is the 5 Busiest Airport in the country after Lagos, Abuja, Port Harcourt and Warri. It has long beaten Calabar and Enugu and would be 4th position if you remove non commercial Oil industry flights from Warri to Escravos.
Four major airlines fly out of Benin everyday - Aero, Arik, Virgin and Overland.
That is a huge signal of economic viability. It tells you that there is a huge population of people flying in and out of the city for business.
[url]http://www.faannigeria.org/documents/statistics/2009-Annual-Aircraft-Movement.pdf
[/url]

2) Benin City has the highest number of Banks in any city in Nigeria outside Lagos and Port Harcourt.  Banks would only open branches in cities where there is enough investment opportunitiesand that is exactly why Lagos by far tops the charts. Another interesting fact is that Benin has the highest amount of FDI reciepts compared to other cities except Lagos.
UBA bRANCHES:http://www.ubagroup.com/customerservice/branchlocator.jsp
First Bank Branches:http://firstbanknigeria.com/GetHelp/BranchATMLocator/tabid/115/Default.aspx

3)Edo State, as at 2007 was the 7th largest state in the country by GDP. It is probably 5th or 6th position now. With a population of just 3 million inhabitants, the state has one of the highest per capita GDP's in the country. It isn't by mistake that all the banks rush to Edo State to stake their investments. They understand economics and they follw the money from where it flows.  Edo state is without question one of the best investment destinations.
[url]http://en.wikipedia.org/wiki/List_of_Nigerian_states_by_GDP
[/url]
Others:
Edo state has the highest number of universities in the country after Ogun. The Universities in Ogun state serve the Lagos population.
Edo State produces the highest number of doctors in the country. It is the only state in the country with three medical schools. Lagos is the only one with 2. The rest have either just one medical school or none at all.


I can continue reeling out statistics upon statistics as to why Edo state is an excellent investment destination. People in the know would tell you that there is hardly any state with as much potential. From tourism to  manufacturing, from services to agriculture, from industry to knowledge economics, whichever one you choose, the state is awash with so much opportunities.

chy101:

^^


You analysis is diversionary and does not hold any water. Why do you keep hammering on the SE as if the mention of SE is your beginning of wisdom? Apart from Lagos which is largely FG and Igbo/Hausa domination, the entire SW is hugely un-secure and unfriendly business/economic environment which is today responsible for investors being scared away from places like Ekiti, Osun, Oyo, Ondo, ogun and attendant poverty ravaging the region. Place like NE and some parts of NC will be good for agricultural investment due large mass of lands. In the SE, states as Anambra and Abia, particularly Onitsha and Nnewi will be suitable for investment in manufacturing/technological due to the existing large commercial outfit and daily visitors traffic witnessed in the city. Onitsha Port will also be a major added advantage.

your perspective is very transparent. i did not hammer on about the SE as you say and i did not talk about Ekiti Osun Oyo or Ondo states.
i did not speak against investment in the SE quite the opposite clearly comprehension is not your forte. what i did say is that i believe the SE region has a better workforce than most places but the challenge for manufacturing in that region is how to get goods out and materials in and that poses a difficulty of course investment in those infrastructure challenges is a necessary starting point. lagos has an advantage of access to the ocean that no other part of nigeria has in terms of the nature of the coastline and its existing position.
of what relevance is it whether lagos is FG hausa or Bantu. when i invest my money is it interested in any of that
regarding security again your comprehension lets you down.
i said

aribisala0:


the SE is a difficult one but probably the most important outside lagos as far as manufacturing potential is concerned and in my view the most sophisticated workforce. the main problem is access by road,rail or river. without dealing with the access problem it will be very challenging.
every where in nigeria is good if you are serious. even a good restaurant can feed you and your family well. retailing fast moving provisions or beer parlour business as long as you choose location wisely.

my point is simple; i believe that anyone starting a business providing personal security to rich clients in nigeria will do well because the current situation across the country forces big men to be security conscious. it is my opinion that the biggest market in the future for this will be in abuja,lagos and the Niger Delta states. i do not believe that the SE will be as big a market in this security sector but that is my view however its potential in manufacturing is huge but roads must be built and the Niger dredged.
you clearly are a bitter twisted individual with one dimension to what you call a mind. please say away from me. you are a waste of time and space.

Why do u guys like heated arguement?

what is the point of a chilled argument

aribisala0:

your perspective is very transparent. i did not hammer on about the SE as you say and i did not talk about Ekiti Osun Oyo or Ondo states.
i did not speak against investment in the SE quite the opposite clearly comprehension is not your forte. what i did say is that i believe the SE region has a better workforce than most places but the challenge for manufacturing in that region is how to get goods out and materials in and that poses a difficulty of course investment in those infrastructure challenges is a necessary starting point.
of what relevance is it whether lagos is FG hausa or Bantu. when i invest my money is it interested in any of that
regarding security again your comprehension lets you down.
i saidmy point is simple; i believe that anyone starting a business providing personal security to rich clients in nigeria will do well because the current situation across the country forces big men to be security conscious. it is my opinion that the biggest market in the future for this will be in abuja,lagos and the Niger Delta states. i do not believe that the SE will be as big a market in this security sector but that is my view however its potential in manufacturing is huge but roads must be built and the Niger dredged.
you clearly are a bitter twisted individual with one dimension to what you call a mind. please say away from me. you are a waste of time and space.

It is the bitterness you have for one section of the country that is eating you up. You should be diagnosed mentally to ascertain the degree of deterioration. Stay away from this thread so that sane people can discuss, your likes are the problem of Nigeria's stunted growth today.

your mother and father should be diagnosed mentally and put to death painfully. hopefully they are both crushed by trailers and eaten by vultures

chy101:


It is the bitterness you have for one section of the country that is eating you up. You should be diagnosed mentally to ascertain the degree of deterioration. Stay away from this thread so that sane people can discuss, your likes are the problem of Nigeria's stunted growth today.

PapaBrowne:

The question is not exactly well put through!

Economic viability would be an investment consideration depending on what sector and kind of investment you are seeking.
For instance, if you are looking to invest in Agriculture, climate and soil fertility as well as land use and community activities would be your consideration. Benue, Taraba Adamawa, Edo as well as a couple others would be  ideal depending again on the kind of Agriculture.

If you are looking to invest in Manufacturing, you would be thinking access to markets, infrastructure and human resource. Lagos, Ogun, Rivers, Edo. et al would be good.

If you are thinking Services, then Lagos is numero uno. But there is also a host of economic potential in states like Rivers, Delta, Edo, Abuja, Akwa Ibom et al.

From my observation over time, After Lagos and Abuja, the South South states offer the best potential not just because of the oil industry, but also because of the large concentration of an educated populace.

So all in all, the most viable states for investment would depend on the specific sector and kind of investment you are seeking! So be specific!

Good analysis

chy101:

^^


You analysis is diversionary and does not hold any water. Why do you keep hammering on the SE as if the mention of SE is your beginning of wisdom? Apart from Lagos which is largely FG and Igbo/Hausa domination, the entire SW is hugely un-secure and unfriendly business/economic environment which is today responsible for investors being scared away from places like Ekiti, Osun, Oyo, Ondo, ogun and attendant poverty ravaging the region. Place like NE and some parts of NC will be good for agricultural investment due large mass of lands. In the SE, states as Anambra and Abia, particularly Onitsha and Nnewi will be suitable for investment in manufacturing/technological due to the existing large commercial outfit and daily visitors traffic witnessed in the city. Onitsha Port will also be a major added advantage.

Investors scared away from Oyo, Ondo and Ogun?? SW insecure and unfriendly? You sir, are ignorant.

PapaBrowne:

The question is not exactly well put through!

Economic viability would be an investment consideration depending on what sector and kind of investment you are seeking.
For instance, if you are looking to invest in Agriculture, climate and soil fertility as well as land use and community activities would be your consideration. Benue, Taraba Adamawa, Edo as well as a couple others would be  ideal depending again on the kind of Agriculture.

If you are looking to invest in Manufacturing, you would be thinking access to markets, infrastructure and human resource. Lagos, Ogun, Rivers, Edo. et al would be good.

If you are thinking Services, then Lagos is numero uno. But there is also a host of economic potential in states like Rivers, Delta, Edo, Abuja, Akwa Ibom et al.

From my observation over time, After Lagos and Abuja, the South South states offer the best potential not just because of the oil industry, but also because of the large concentration of an educated populace.

So all in all, the most viable states for investment would depend on the specific sector and kind of investment you are seeking! So be specific!

I agree in part with your observation, however, I disagree with some parts of it (e.g manufacturing). Although, I agree with you that investment depends on what sectors you're investing into.

PapaBrowne:

I think you have a lot to learn about Economics. Edo state FYI is one of the most economically viable states in the country!!
And I can prove it with three facts.

1) Benin Airport is the 5 Busiest Airport in the country after Lagos, Abuja, Port Harcourt and Warri. It has long beaten Calabar and Enugu and would be 4th position if you remove non commercial Oil industry flights from Warri to Escravos.
Four major airlines fly out of Benin everyday - Aero, Arik, Virgin and Overland.
That is a huge signal of economic viability. It tells you that there is a huge population of people flying in and out of the city for business.
[url]http://www.faannigeria.org/documents/statistics/2009-Annual-Aircraft-Movement.pdf
[/url]

2) Benin City has the highest number of Banks in any city in Nigeria outside Lagos and Port Harcourt.  Banks would only open branches in cities where there is enough investment opportunitiesand that is exactly why Lagos by far tops the charts. Another interesting fact is that Benin has the highest amount of FDI reciepts compared to other cities except Lagos.
UBA bRANCHES:http://www.ubagroup.com/customerservice/branchlocator.jsp
First Bank Branches:http://firstbanknigeria.com/GetHelp/BranchATMLocator/tabid/115/Default.aspx

3)Edo State, as at 2007 was the 7th largest state in the country by GDP. It is probably 5th or 6th position now. With a population of just 3 million inhabitants, the state has one of the highest per capita GDP's in the country. It isn't by mistake that all the banks rush to Edo State to stake their investments. They understand economics and they follw the money from where it flows.  Edo state is without question one of the best investment destinations.
[url]http://en.wikipedia.org/wiki/List_of_Nigerian_states_by_GDP
[/url]
Others:
Edo state has the highest number of universities in the country after Ogun. The Universities in Ogun state serve the Lagos population.
Edo State produces the highest number of doctors in the country. It is the only state in the country with three medical schools. Lagos is the only one with 2. The rest have either just one medical school or none at all.


I can continue reeling out statistics upon statistics as to why Edo state is an excellent investment destination. People in the know would tell you that there is hardly any state with as much potential. From tourism to  manufacturing, from services to agriculture, from industry to knowledge economics, whichever one you choose, the state is awash with so much opportunities.

Anambra is the 2nd largest concentration of commercial banks after lagos. Edo state is distant 5th or 6th.
Your research failed you. Open this links for your knowledge:

http://www.ubagroup.com/customerservice/branchlocator.jsp

http://firstbanknigeria.com/GetHelp/BranchATMLocator/tabid/115/Default.aspx

http://firstbanknigeria.com/GetHelp/BranchATMLocator/tabid/115/Default.aspx


Mention how many FDI since past 8yrs that has found its way in Edo state? The most recent FDI in the Nigeria which I know of are the following: SABMILLER of South Africa and LG WORLD Korea.

http://www.sabmiller.com/index.asp?pageid=149&newsid=1525

http://thenationonlineng.net/web2/articles/43734/1/LG-Electronics-partner-Anambra-govt-/Page1.html

http://g1international.com/anids.html


I challenge you to post any major FDI presently in your Edo state.

aribisala0:

your mother and father should be diagnosed mentally and put to death painfully. hopefully they are both crushed by trailers and eaten by vultures

Back to sender. May the AMADI OHA wipe you and your entire tribe out of the face of the earth

amadioha is dead killed by your own hands
and my people are not a tribe we do not kill our deities

ogun strike your mother with endless pain .nkita

aribisala0:

amadioha is dead killed by your own hands
and my people are not a tribe we do not kill our deities

ogun strike your mother with endless pain .nkita

May your family continue to be in their present dead poverty. May the Okija Shrine continue to wipe out your generation and your tribesmen in its entirety

chy101:


Back to sender. May the AMADI OHA wipe you and your entire tribe out of the face of the earth

Look man, leave this argument with him; it's not going anywhere.  

^^

Bro. tell the barbaric beast to leave this thread and join his fellow madmen under the bridge or he will find what he is looking for.

Ohaneze1:

Anambra is the 2nd largest concentration of commercial banks after lagos. Edo state is distant 5th or 6th.
Your research failed you. Open this links for your knowledge:

http://www.ubagroup.com/customerservice/branchlocator.jsp

http://www.ubagroup.com/customerservice/branchlocator.jsp


Mention how many FDI since past 8yrs that has found its way in Edo state? The most recent FDI in the Nigeria which I know of are the following: SABMILLER of South Africa and LG WORLD Korea.

http://www.sabmiller.com/index.asp?pageid=149&newsid=1525

http://thenationonlineng.net/web2/articles/43734/1/LG-Electronics-partner-Anambra-govt-/Page1.html

http://g1international.com/anids.html


I challenge you to post any major FDI presently in your Edo state.

Mr Man, i might not be able to cope in a back to back argument with you, because first you lack simple understanding of economic issues and secondly you ignore simple facts!! I said "Benin city has the highest concentration of banks in any city outside Lagos". Benin City is not a state.  Anambra is. Anambra has 3 main cities Onitsha, Awka and Nnewi so having the second is not out of place. Fact still remains that Benin has more banks than Onitsha. And if you think 5th position in a state of 36 with Lagos, Rivers and Abuja guaranteed top slots is bad, then you need more lessons in simple introductory economics.

Again you don't exactly understand the term FDI as you assume it is limited to big investments from foreign companies. Hence your Sabmiller example. Edo state gets most of its FDI reciepts from Edo's in Diaspora and from western Union and Money Gram records, it receives much more than any other state in the country except Lagos. FYI, such reciepts amount to over $10bn yearly. Edo gets about 20% of all that money. Now that is over $2BN dollars yearly and it is the exactly reason why despite the fact that the state has no oil and very decrepit infrastructure it still tops the charts in any economic indices in the country.

Mr man, the articles you presented do not hold water. Every state Government boasts of impending investments. We've been hearing of Orient Refinery since 99, till today nothing. So all that Sab Miller and LG talk, until they start producing it is all mouth!!

chy101:

^^

Bro. tell the barbaric beast to leave this thread and join his fellow madmen under the bridge or he will find what he is looking for.

okija shrine you are a dummy i poo on okija shrine
next time when your lunatic mother hears my name she better run far. i hate lunatics with a passion.
if you pick on people and get away with it make a note of my name do NOT try it with me. i do not like mad women and i hate their demented children more.
again i am wishing that she gets crushed by a trailer quite soon. Ogun take note and do the needful

aribisala0:

next time when your lunatic mother hears my name she better run far. i hate lunatics with a passion.
if you pick on people and get away with it make a note of my name do NOT try it with me. i do not like mad women and i hate their demented children more.
again i am wishing that she gets crushed by a trailer quite soon. Ogun take note and do the needful

Am sorry this is happening to you, as I write this piece death and death from Okija graves are looming and moving around your entire family, it will be a matter of time from now on before the manifestation. I will implore you to watch your back spiritually.

aribisala0:

okija shrine you are a dummy i poo on okija shrine
next time when your lunatic mother hears my name she better run far. i hate lunatics with a passion.
if you pick on people and get away with it make a note of my name do NOT try it with me. i do not like mad women and i hate their demented children more.
again i am wishing that she gets crushed by a trailer quite soon. Ogun take note and do the needful

Black cloud is hovering over your head now, this explains your present predicament and ordeal in life.

chy101:



Black cloud is hovering over your head now, this explains your present predicament and ordeal in life.

slowpoke son of  an
epileptic mother
what ?
was it the marauding soldiers
or the onyegburu
who took advatage of
her  frothy mouth
seizures
and then begat
this halfwit son

like hag mother before
uttering and muttering
in the open market
legs askew
mouth agape
bereft of shame
what is that on ya chin?
please dry it up boy
unseemly it is
in decent company
go back to the market
haply you will find your
ma return from
her wanton wandering
perhaps you two can
do a jiggle
in the shed behind
the market ya home

PapaBrowne:

Mr Man, i might not be able to cope in a back to back argument with you, because first you lack simple understanding of economic issues and secondly you ignore simple facts!! I said "Benin city has the highest concentration of banks in any city outside Lagos". Benin City is not a state.  Anambra is. Anambra has 3 main cities Onitsha, Awka and Nnewi so having the second is not out of place. Fact still remains that Benin has more banks than Onitsha. And if you think 5th position in a state of 36 with Lagos, Rivers and Abuja guaranteed top slots is bad, then you need more lessons in simple introductory economics.

Again you don't exactly understand the term FDI as you assume it is limited to big investments from foreign companies. Hence your Sabmiller example. Edo state gets most of its FDI reciepts from Edo's in Diaspora and from western Union and Money Gram records, it receives much more than any other state in the country except Lagos. FYI, such reciepts amount to over $10bn yearly. Edo gets about 20% of all that money. Now that is over $2BN dollars yearly and it is the exactly reason why despite the fact that the state has no oil and very decrepit infrastructure it still tops the charts in any economic indices in the country.

Mr man, the articles you presented do not hold water. Every state Government boasts of impending investments. We've been hearing of Orient Refinery since 99, till today nothing. So all that Sab Miller and LG talk, until they start producing it is all mouth!!

From all indication you lack basic comprehension and mental-capacity to accommodate the much you can denote. Are those banks only in lagos Island? Or are they in Lagos as in Lagos state?? Don't conflict issue here. Onitsha alone has huge economic activities more than Benin 'city' and Edo state in general. Go back to the bank locators and find out. Edo state is not the only people that has diasporans, infact Anambra Igbos records highest number of people in the diaspora due their inclination.

"Before we consider the size of this amount of money in the light of its purchasing power let us first look at the position of the Igbo or Biafrans in the picture. The Igbo are estimated to constitute the greater majority of Diaspora “Nigerians” (not surprising: even within Nigeria itself, the Igbo usually make up the largest population after the indigenes of each respective non-Igbo Nigerian state). Thus, 60 to 80% of this Diaspora $10 billion remittance to Nigeria can be safely assumed to be by Igbo/Biafrans, which will then translate to $6 billion to $8 billion."

http://www.examiner.com/foreign-policy-in-raleigh/between-economic-and-political-freedom