UN 2300 Population Forecast

Yes, I agree with you that all of the generation Y (.. the term generally used to describe people born in the1980s and early 1990s, sometimes including those born as late as the year 2000...) will be dead by 2300, but that did not stop the United Nations (UN) Population division from compiling the long-range population. Am sure the report did not factor in potential of a world war (only a matter of time at this rate), and also any outbreak of a killer disease (or perhaps I have been watching too many hollywood movie).

You can get hold of the report from here. It's about 254 pages long, hence browse accordingly.

According to the article, the six largest countries in 2000, in order, are China, India, the United States of America, Indonesia, Brazil, and the Russian Federation. Together they cover 51 per cent of world population. By 2050, the six largest will be India, China, the United States of America, Pakistan, Indonesia, and Nigeria. Looking back to 1950, one sees that China, India, the United States of America, and Indonesia have been fixtures among the top six, but the other two have changed and will change. Occupying the other two slots are the Russian Federation and Japan for 1950, Brazil and the Russian Federation for 2000, and Pakistan and Nigeria for 2050.

Nigeria will remain the most populated country in Africa in 2300 at an estimated 282.8m, followed by Ethiopia at 206.5m. By the report(refer to page 56), 6 of the top 20 populated nation is an African nation. For Africa to feed the estimated growth, then it will have to get his gear in tact before then. India estimated to overtake China around 2028. Around 2050, India's pop will be 1.53bn, while China will be 1.40bn, the difference is an outstanding 136m or 9.7%.

UK Tax and Levies

Below are some of the UK taxes and levies on individuals and businesses

1. Income Tax
2. National Insurance
3. Value Added Tax
4. Stamp Duty Taxes Land Tax (SDLT)
5. Non-domicile Tax
6. Residential Rent Tax
7. Inheritance Tax
8. Capital Gains Tax
9. Furnished Holiday Letting
10. Corporation Tax (main and Small)
11. Tax of Foreign Branches
12. Business Rates
13. bank Levy
14. Stamp Duty
15. Stamp Duty Reserve Tax
16. Oil and Gas Profits (32%)
17. Alcohol Duties
18. Tobacco Duties
19. Fuel Duty
20. Vehicle Exercise Duty
21. Carbon Dioxide Tax
22. Aviation Tax (Air passengers and Business jet taxes)
23. Climate Change Levy
24. Landfill taxes

Muhammad Ali - Memorable Qoutes

Muhammad Ali, the hand that told the world he is the greatest and no one disputed that. That was because he delivered based on the boosts he made. Came across some of the statements he had made in the past. 

1. 'Float like a butterfly, sting like a bee, his hands can't hit what his eyes can't see'
2. 'I'm so fast that last night I turned off the light switch in my hotel room and got into bed before the room was dark'
3. 'It will be a killer, and a chillier, and a thriller, when I get the gorilla in Manila'
4. 'Frazier is so ugly that he should donate his face to the US Bureau of Wildlife'
5. 'If you sign to fight me, you need speed and endurance but what you need most is to increase your insurance'
6. 'I said a lot of things in the heat of the moment that I shouldn't have said. Called him(Frazier) names I shouldn't have called him. I apologise for that. I', sorry. It was all meant to promote the fight'
7. 'Boxing is a lot of white men watching two black men beat each other up'
8. 'Nobody has to tell me that this is a serious business. I'm not fighting one man. I'm fighting a lot of men, showing a lot of 'em, here is one man the couldn't defeat. My mission is to bring freedom to 30 million black people'
9. 'If he [Henry Cooper] gives me jive, he'll fall in five'

Nigeria 2012 Budget

During my quest to keep up to date with the state of affairs in Nigeria through Twitter hash tag #OccupyNigeria game across the link to the proposed Nigeria 2012 budget through the Twitter handle @BankyW. Even having such information available on the Internet is a progress in its own right (no hint of sarcasm intended).

Based on the data available, I did compute the equivalent budget for each ministry in USD and GBP, did this so that those residing outside the country can appreciate the value more. Exchange rates (NGR:USD = 161.90 and NGR:GBP = 249.747) was taken from xe.com as of Sunday 8th, Jan 2012.

This piece also includes the rough comparison between UK and that of Nigeria in some areas which I could get data for both. Yes, you are right, Nigeria and UK are not in same par in terms of development status hence might be an invalid comparison, but the comparison is able tell a story about the budget allocated for Nigeria (estimated pop of 156m) against UK(estimated population of 60m). One might even be able to deduce why Nigeria probably is not developing in measurable levels that might be expected (sorry, dreaming of).

If anyone of you know where I can source the Nigeria government receipts (e.g Income tax, business tax, stamp duties) then do let me know. Will be nice to get to see the gap between budget and estimated national income.

Source of information of data are confirmed appropriately. There is probability for mistakes as the figures were manually copied across, hence feel free to analyse and point out any omission or mistakes.


Story of the 2012 Budget
The Nigeria govt plan to spend an estimated N4.749 trillion ($29.33b; £19.02b) in 2012 to keep the nation moving. Those of you that are clever enough and have an idea what the US and British govt budgets are, will instantly come to the conclusion that they must be some mathematical computation error. US federal budget alone for 2012 is estimated at $3.7 trillion (please bear in mind that US estimated population is about twice that of Nigeria).


Consolidated Revenue Fund Charges (Item no 51 in snapshot below) which include items such as Pensions and gratuities, service-wide votes, and capital supplementation, takes the higher proportion of the allocation at 21.42% (N1.02t; $6.28; £4.07b).


At an allocation of 10.78% of the total budget, servicing of the domestic debts comes in second highest in terms of proposed budget, at N511.98b ($3.16b; £2.05b).


Education is the best gift a child can be given, hence Nigeria govt plan to spend an estimated N400.15b($2.47b; £1.60b). This is only 8% of the total allocation budget. According to the HM Treasury UK, the estimated Education spending in 2011-12 is £89b (N22.22 trillion), which alone is about 1,689 times what the TOTAL Nigeria budget is. This will explain why the education system will continue to degrade year-on-year, many bright Nigerians leaving to study abroad(and may never return), and the country lacking behind in terms of Research and Development. Click here to get full breakdown of allocation to each educational institution in the country. 

Budget allocation for the health sector is N282.77b ($1.74b; £1.13b), this is only about 5.95% of the total budget allocation. National health insurance scheme takes about N1.55b (£6.20m) of that allocation. If the economy was well developed, with jobs available to majority of the people, that National Health Insurance can be paid for by the people. In comparison to the UK, there is an allocated budget for health(NHS item) of about £101.5b (about N25 trillion). Click here to get the Nigeria Budget health breakdown item.

Presidential office has an allocated budget of N43.60b ($269.27m; £174.56m). Items that make up the total cost are diverse, hence do not conclude it was only meant for the president. Click here to get more details

Pictures below show the breakdown of the budget by ministries, and the allocation of the total budget. Data was sourced from the Nigeria Budget Office.

The supporting document, produced by the Nigeria Budget Office can be found here.

Source of the UK budget can be found here