Good News!

1 dollar to 15.38 Rand
1 dollar to 365.50 Naira

1 Rand to 23.77 naira

Why are we being deceived, if our economy were that good, our currency won't go that way.

We don't need a soothsayer to tell us our economy is poor, infact extremely poor.

So you as a Nigerian investor, you want to buy a machine worth $1000 which would cost you 365,000 Naira compared to a South African investor who will paid15,380 Rand.

Which of the two investors would be smiling?

People rejoicing at these "audio" economy should continue...

Biggest economy does not translate to best citizens welfare.

Nigeria is Africas biggest population so what do u expect?

South Africa is still a more developed economy with higher technology and per capital income.

nuele:
1 dollar to 15.38 Rand
1 dollar to 365.50 Naira

1 Rand to 23.77 naira

Why are we being deceived, if our economy were that good, our currency won't go that way.

We don't need a soothsayer to tell us our economy is poor, infact extremely poor.

So you as an Nigerian investor, you want to buy a machine what $1000 which would cost you 365000 Naira compared to a South African investor who will paid15,380 Rand.

Which of the two investors would be smiling?

People rejoicing at these "audio" economy should continue...

Don't mind them. Buhari and his junta are the only beneficiaries. They are dipping into the dollar reserve. They are dollar denominated. Naira is strange to them. That's why he devalued the naira even further since he came. If all we produce is oil and we buy everything, what was the rationale behind weakening the naira


Shege poverty capital.

destinie2019:


Don't mind them. Buhari and his junta are the only beneficiaries. They are dipping into the dollar reserve. They are dollar denominated. Naira is strange to them. That's why he devalued the naira even further since he came. If all we produce is oil and we buy everything, what was the rationale behind weakening the naira


Shege poverty capital.

God help us for this country

Rossinnki:


Mehn, but we carry weight for this continent sha..

Dammit.

In fact, looking at the above statement, one might as well say that without Nigeria, there is nothing like Africa.

Yet some idiots want to split up this country into little, inconsequential Liberias. When you sneeze nobody will notice.

Rubbish.

The problem of Nigeria is bad leadership. Few people felt the impact of this analysis, while majority of the masses don't. Religion n ethnicity play a vital role in our pattern of voting n choice of political appointees. We have extremist created to dealt with some set of people from other parts of the country. There is a lot of division within the country, so, what do you expect the people to do than clamour for the country to be split.

.
Nigeria has always been Africa's BIGGEST economy since 2014 (when the economy was rebased)...
Regardless of what ILLITERATE reporters often write. In addition, if we can fully capture Nigeria's informal sector, it would be even BIGGER!
>

Odinaka00:
A country that has over 200mill is dragging with a Country that has only 50million? Shame.

A country that gained her indepence in 1960 vs a Country that gained her indepence in 1994? Big shame

Don't mention gaining Independence please. If South Africa is still being ruled by the white, they would be experiencing this backward situation now.

If whites have continued ruling Nigeria side 1960. . We would have galloped into advancements....

Big on paper ba

saaron:
If Biafra were independent nation from 1966 to date, the country will be dragging economic might with Asian tigers like China, South Korea, Singapore, Malaysia etc, not South Africa. Biafra would have launch Africa positively on the world map as a black economy powerhouse. A people that could organized themselves to manufacture Amoured tanks and spectacular weapons from scratch to hold Nigeria for 3 good years to the amazement of America and Europe shows the ability and ingenuity of Biafrans. Biafra would have join the like of America and Russia as major arms suppliers in the world!
Now imagine them channeling that same energy and spirit to develop their country economically? The black race would have gain more respect today. But because of the virus of One Nigeria, that reality was dashed - (but not forever, Biafra will raise again).
Nigeria is nothing but a glorified village. A country cursed with mediocrity, terrorism, quota system, and the ''Put them down Syndrome.''
Nigeria can't even boast of a world class city. Countries like Ivory Coast have better and well developed cities than Nigeria.
The fact that the God forsaken country is even struggling economically with South Africa is a big shame because Nigeria's economy was on the same level with South Korea in 1960. Today South Korea is not only competing with China, the country has world class companies competing with the likes of Apple and General Mottors of America! And we here celebrating mediocrity. What's the benefit of being Africa's largest economy when we can't even manufacture pencils? Does Nigeria have a functional steel company? How can Nigeria become an industrial manufacturing hub when common Abeokuta steel complex is in shambles? Nigeria is nothing but a failed state!
South Africa's economy, as it is even in recession is still by far more robust and developed in manufacturing, service industry, commerce, power, infrastructure than Nigeria. Remove crude oil from the country's economy and Nigeria will disappear from the world map!
Total division of Nigeria is the only way out of this perennial economic calamity that is Nigeria.
ONE NIGERIA IS DEAD!

Meanwhile your leaders are sharing kerosine and wheelbarrow now. So much for the Idiotic People of Biafra (IPOB)

Brain dead wailers. How market? Idiotic criminal elements!

Officialgarri:
I thought they said Buhari is a disaster, so where's all these good news coming from. ?


We wailers can't stop crying after hearing good news.

Another will still join you with "audio economy" even if the source is Bloomberg.

so how has it affected an average Nigerian man

nuele:
1 dollar to 15.38 Rand
1 dollar to 365.50 Naira

1 Rand to 23.77 naira

Why are we being deceived, if our economy were that good, our currency won't go that way.

We don't need a soothsayer to tell us our economy is poor, infact extremely poor.

So you as a Nigerian investor, you want to buy a machine worth $1000 which would cost you 365,000 Naira compared to a South African investor who will paid 15,380 Rand.

Which of the two investors would be smiling?

People rejoicing at these "audio" economy should continue...

Bro, that's NOT how it works...
The Yen is about Y110 to 1USD, but Japan is a bigger (and richer) economy than South Africa.

However, a bigger economy is NOT synonymous with a richer one...
China has a bigger economy than Japan, but is much poorer measured by GDP per capita.
>

[s]

saaron:
If Biafra were independent nation from 1966 to date, the country will be dragging economic might with Asian tigers like China, South Korea, Singapore, Malaysia etc, not South Africa. Biafra would have launch Africa positively on the world map as a black economy powerhouse. A people that could organized themselves to manufacture Amoured tanks and spectacular weapons from scratch to hold Nigeria for 3 good years to the amazement of America and Europe shows the ability and ingenuity of Biafrans. Biafra would have join the like of America and Russia as major arms suppliers in the world!
Now imagine them channeling that same energy and spirit to develop their country economically? The black race would have gain more respect today. But because of the virus of One Nigeria, that reality was dashed - (but not forever, Biafra will raise again).
Nigeria is nothing but a glorified village. A country cursed with mediocrity, terrorism, quota system, and the ''Put them down Syndrome.''
Nigeria can't even boast of a world class city. Countries like Ivory Coast have better and well developed cities than Nigeria.
The fact that the God forsaken country is even struggling economically with South Africa is a big shame because Nigeria's economy was on the same level with South Korea in 1960. Today South Korea is not only competing with China, the country has world class companies competing with the likes of Apple and General Mottors of America! And we here celebrating mediocrity. What's the benefit of being Africa's largest economy when we can't even manufacture pencils? Does Nigeria have a functional steel company? How can Nigeria become an industrial manufacturing hub when common Abeokuta steel complex is in shambles? Nigeria is nothing but a failed state!
South Africa's economy, as it is even in recession is still by far more robust and developed in manufacturing, service industry, commerce, power, infrastructure than Nigeria. Remove crude oil from the country's economy and Nigeria will disappear from the world map!
Total division of Nigeria is the only way out of this perennial economic calamity that is Nigeria.
ONE NIGERIA IS DEAD!

[/s]

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Share, Like, Comment

Human blood by the hundreds is needed to keep Nigeria together...DAILY
Hopefully you don't become a building block of Nigeria

Rossinnki:


Mehn, but we carry weight for this continent sha..

Dammit.

In fact, looking at the above statement, one might as well say that without Nigeria, there is nothing like Africa.

Yet some idiots want to split up this country into little, inconsequential Liberias. When you sneeze nobody will notice.

Rubbish.

Area4Area:
I'm sure if it was Nigeria that was said to have gone into recession again you'd have been happy and cursing Buhari, Tinubu and APC.
Abeg go siddon abeg, Nigeria's economy is the largest on the continent and economic growth is getting faster, deal with that for now.

Bt we are still in a fucking recession

lloyds:
Don't mention gaining Independence please. If South Africa is still being ruled by the white, they would be experiencing this backward situation now.

If whites have continued ruling Nigeria side 1960. . We would have galloped into advancements....

LOW SELF-ESTEEM RACIST RUBBISH!

The so-called "whites" are still ruling South Africa's stuttering economy...
While if you think Nigeria was "advancing" under colonial misrule, you need a real education! SMH
>

Rossinnki:


Mehn, but we carry weight for this continent sha..

Dammit.

In fact, looking at the above statement, one might as well say that without Nigeria, there is nothing like Africa.

Yet some idiots want to split up this country into little, inconsequential Liberias. When you sneeze nobody will notice.

Rubbish.

If Nigeria split , southern Nigeria will still be giant of Africa , mark my word

MansoryMX:
You call stone rice giving people kidney stone lucrative? How is this an achievement. Nigeria is still in recession and govt dey brainwash as usual. Floating the economy to make it look good in the eyes of the media. Guy! Nor make me talk this nite. Quietly go to bed abeg.

Why don't YOU go and clean the rice up?
Isn't it people that do it in SA and the other countries you worship?

While you are busy wailing about problems...
Smart people see same as OPPORTUNITIES. Lazy Yoots!
>

Area4Area:
You won't see wailers in threads like this, people who wake up and wishing evil on their country as if if anything bad happens, they won't be affected.

Nigeria went into a recession years back,
Naira was on a free fall etc and they were all happy

Fast forward and the reverse became the case and they became angry.

South Africa entered another recession and they were wishing it was Nigeria that was mentioned.

Nigger. No one needs to wish evil on anything. That shithole is evil already. You can call it the best economy in the world but the reality on ground is different.

gbagyiza:


The problem of Nigeria is bad leadership. Few people felt the impact of this analysis, while majority of the masses don't. Religion n ethnicity play a vital role in our pattern of voting n choice of political appointees. We have extremist created to dealt with some set of people from other parts of the country. There is a lot of division within the country, so, what do you expect the people to do than clamour for the country to be split.

Where do the leaders come from? Are they not products of the society? A man who was raised to believe that all man for himself.... you expect him to be selfless because he is a leader. Una never see anything. Una go suffer

Rossinnki:


Go back to your village if you have no food to eat, oga.

Farming is very lucrative these days.

Abi which kind sufferhead post be this?

How many farms do you have Mr. Farmer

9jaRealist:


Why don't YOU go and clean the rice up?
Isn't it people that do it in SA and the other countries you worship?

While you are busy wailing about problems...
Smart people see same as OPPORTUNITIES. Lazy Yoots!
>

Opportunity that is what you now call the wahala you go through

[img]https://media1./images/7d5b9d7341d10667f2867a892370eb28/tenor.gif?itemid=13738821[/img]

Jaqenhghar:

Opportunity that is what you now call the wahala you go through

No pain, no gain...
Every human advancement arises from resolving some "wahala!"
>

nameo:


Do you know that this is nothing to celebrate here, and infact that this indicts this Govt??

Clue: In 2014, Nigeria became the largest economy in Africa and valued at $509.9bn whilst South Africa was $370.3bn.

Today, Nigerian economy has according to your report in the OP declined to $472/402bn i.e a decline of about $38bn( it would even be more if you take into account inflation rate between then and now).

The only reason SA overtook us was that our growth since then has been very sluggish with us entering into a recession(successive "negative" growth). The reason why you just overtook SA again is that they just entered their 2nd recession within the period.

In real terms, none of the countries grew.

So quit that Buhari worship. On the economy, as with almost everything else, he has failed.

Please school Area4Area very well. We teach Economics in our schools for reasons like this so that ignorant people like him will not come out in public to discuss beer parlor economic policies and end up disgracing themselves

Commentor:
Mynd44, OAM4J. Rossikki, NGpatriot.
All Nigerian Patriots.

Stop rejoicing and read my friend.
They went into recession and dropped, not that we improved and got ahead of them.

Jaqenhghar:
Where do tue leaders come from? Are they not products of the society? A man who was raised to beleive that all man for himself.... you expect hom to be selfless because he is a leader. Una never see anything. Una go suffer

Bless you!
>

saaron:
If Biafra were independent nation from 1966 to date, the country will be dragging economic might with Asian tigers like China, South Korea, Singapore, Malaysia etc, not South Africa. Biafra would have launch Africa positively on the world map as a black economy powerhouse. A people that could organized themselves to manufacture Amoured tanks and spectacular weapons from scratch to hold Nigeria for 3 good years to the amazement of America and Europe shows the ability and ingenuity of Biafrans. Biafra would have join the like of America and Russia as major arms suppliers in the world!
Now imagine them channeling that same energy and spirit to develop their country economically? The black race would have gain more respect today. But because of the virus of One Nigeria, that reality was dashed - (but not forever, Biafra will raise again).
Nigeria is nothing but a glorified village. A country cursed with mediocrity, terrorism, quota system, and the ''Put them down Syndrome.''
Nigeria can't even boast of a world class city. Countries like Ivory Coast have better and well developed cities than Nigeria.
The fact that the God forsaken country is even struggling economically with South Africa is a big shame because Nigeria's economy was on the same level with South Korea in 1960. Today South Korea is not only competing with China, the country has world class companies competing with the likes of Apple and General Mottors of America! And we here celebrating mediocrity. What's the benefit of being Africa's largest economy when we can't even manufacture pencils? Does Nigeria have a functional steel company? How can Nigeria become an industrial manufacturing hub when common Abeokuta steel complex is in shambles? Nigeria is nothing but a failed state!
South Africa's economy, as it is even in recession is still by far more robust and developed in manufacturing, service industry, commerce, power, infrastructure than Nigeria. Remove crude oil from the country's economy and Nigeria will disappear from the world map!
Total division of Nigeria is the only way out of this perennial economic calamity that is Nigeria.
ONE NIGERIA IS DEAD!

do Biafra have oil?

If this is true, it may only be temporary unless Nigeria wake up