Lagos could soon be Africa’s 13th biggest economy – equivalent to that of Ghana
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July 22nd, 2013, 02:42 PM# 41
Obafemi Awolowo
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Ignore this idiot eke
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July 22nd, 2013, 02:55 PM# 42
HerachioBlo
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South Africa
25.2%
http://www.statssa.gov.za
Nigeria
23.9 per cent
National Bureau of Statistic [NBS]
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July 22nd, 2013, 03:08 PM# 43
HerachioBlo
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It's very sad that he was able tofeel comfortable saying theWikipediaand Thisday.com(nigerian) were credible sources but the Lagos Statistics Bureau wasn't because Wikipedia and Thisday were downgrading an african country and the LSB isn't.With 0 knowledge of that the LSB and Thisday.com(which could be the nigerian TMZ for all he knows) do, are or have to offer,he was firmly convinced that which everyone validated his hateful disposition and inferioritycomplex.
Then he wants to give, in typical hateful fashion, 'credit' to 'eko atlantic'. If Eko Atlantic is worth accrediting then what of the Lekki Freetrade Zone, Tinapa, Rainbow City, Abuja, Enugu Golf and Lifestyle city and other incredible leaps of national development that are done, halfway done, or underway in Nigeria that have absolutely to equivalent rival or shadow in theSouth Africa?
It's really pathetic.
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July 22nd, 2013, 03:54 PM# 44
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AND let me add that I don't understand the mentality in South Africa that they're in a different situation than the rest of Africa, more over Nigeria. Nobody will doubt SA has good infrastructure and a large economy, but the believe that such doesn't exist elsewhere or that SA's infrastructure and economy are noteworthy on a global scale. When someone starts boosting in a race, you assume he's won, but if he isn't#1 and he's stops to jump and dance, he's never going to win and didn't expect to.
Then when some says the OBVIOUSLY ENORMOUS Lagos economy that supports NEARLY 20 MILLION PEOPLE and HAS A LARGER MIDDLE CLASS THAN JOHANNESBURG and a GDP closer to Johannesburg that has been previously estimated due to the fact that Nigerian economic estimations were done in a time before the country hadphonesandbanks,suddenly the person that says that it a bad guy because god forbid you say two african countries are doing well for themselves. loser mentality.
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July 22nd, 2013, 04:02 PM# 45
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July 22nd, 2013, 04:17 PM# 46
Dillema
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Quote:
Originally Posted byHerachioBlo
AND let me add that I don't understand the mentality in South Africa that they're in a different situation than the restof Africa, more over Nigeria. Nobody will doubt SA has good infrastructure and a large economy, but the believe that such doesn't exist elsewhere or that SA's infrastructure and economy are noteworthy on a global scale. When someone starts boosting in a race, you assume he's won, but if he isn't#1 and he's stops to jump and dance, he's never going to win and didn't expect to.
Then when some says the OBVIOUSLY ENORMOUS Lagos economy that supports NEARLY 20 MILLION PEOPLE and HAS A LARGER MIDDLE CLASS THAN JOHANNESBURG and a GDP closer to Johannesburg that has been previously estimated due to the fact that Nigerian economic estimations were done in a time before the country hadphonesandbanks,suddenly the person that says that it a bad guy because god forbid you say two african countries are doing well for themselves. loser mentality.How is it possible for a city with a bigger GDP to have less middle class population than a city with a lesser GDP? And can you explain to me what is Lagos producing be services or manufacturing to be on the scales of J'burg?
Is Lagos having banks of the likes of Absa? Or having an airline the likes of SAA? Or having a global phone company the likes of MTN or having supermarkets the likes of Gamesand Shoprite? Or a largest stockexchange on the continent i.e. JSE? Plse u Nigerians stop ur delusion! For a minute, can Nigerians be reasonable? Jesus Christ....
Last edited by Dillema; July 22nd,2013 at04:24 PM.
July 22nd, 2013, 07:27 PM# 47
HerachioBlo
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Quote:
Originally Posted byDillema
How is it possible for a city with a bigger GDP to have less middle class population than a city with a lesser GDP? And can you explain to me what is Lagos producing be services or manufacturing to be on the scales of J'burg?
Is Lagos having banks of the likes of Absa? Or having an airline the likes of SAA? Or having a global phone company the likes of MTN(makes more money in Nigeria than SA )
Quote:
Its Nigeria operations however remained the most profitable as MTN Nigeria delivered Earnings Before Interest Taxes Depreciation and Amortization(EBITDA) of 52.2 percent, compared to 32.7 per cent for South Africa
http://www.proshareng.com /news/singleNews.php?id=645
or having supermarkets the likesof Games and Shoprite(more expansion in Nigerian than SA, registered in Namibia under Namibia Exchange)
? Or a largest stock exchange on the continent(good job)i.e. JSE? Plse u Nigerians stop ur delusion! For a minute, can Nigerians be reasonable? Jesus Christ....because Johannesburg is situated in the country with theworlds largest wealth disparity? Have you been to Lagos to reach the conclusion that Johannesburg, a subpar world city, has a absolute monopoly onproduction, let alone a notable advantage.
I don't know what the educationsystem is like in South Africa butthis assumption that Lagos supports 18 million people, is theindustrial hub for the entire west africa, and doesn't produce, has to eventually register to you as ridiculous thinking.
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Last edited by HerachioBlo; July 22nd, 2013 at07:42 PM.
July 22nd, 2013, 09:24 PM# 48
ekezeaso
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Herachio there is no point trading words with this fools ignore them all we really want tosee is prosperous Africa From west to South. I don't hate South Africans even though theyalways feel they are better thaneveryone else. I dream and hope that one day we will all see the Africa in the future where Africans will not be running way to Europe, America,and Asia where they are being treated as second class citizens. I only attacked Digger Dog because i just don't understand why somebody from a third-world hellhole should feel that his fellow Africans is so beneath his majestic heaven on earth South Africa.
July 22nd, 2013, 09:43 PM# 49
èđđeůx
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Quote:
Originally Posted byDiggerdog
I am kind of hoping Luanda goes for a few taller ones...they have that building boom going on, andthey don't have the same opposition we face in SA from the Nimby brigade!
A couple of 250m towers would propel that skyline right to the front, forcing the rest of us to respondAhh I forgot about Luanda.
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July 23rd, 2013, 04:31 AM# 50
Diggerdog
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Quote:
Originally Posted byekezeaso
Herachio there is no point trading words with this fools ignore them all we really want to see is prosperous Africa Fromwest to South. I don't hate South Africans even though theyalways feel they are better than everyone else. I dream and hope that one day we will all seethe Africa in the future where Africans will not be running way to Europe, America,and Asia where they are being treated as second class citizens. I only attacked Digger Dog because i just don't understand why somebody from athird-world hell holeshould feel that his fellow Africans is so beneath his majestic heaven on earth South Africa.Really? Calm down, new boy.
I want to see a prosperous Africa, for sure. Just look at my history of supporting Angola, Moz, Namibia. I like the way Ghana is going.
I don't even have a problem withNigeria per se - it is a huge potential market, and South African companies are making a lot of money there, and rampingup fast.
I only respond to this constant Nigerian boasting. And it is not even the boasting that is bad, ifit were true.
This is yet another thread boasting the Lagos economy will be bigger than 'another countries' - which is unnecessaryto start with - but there are nofacts, no hard evidence.
Its just all supposition. Until you can get some decent, verifiable facts and figures - just stop running your mouths
And...what is wrong with me likingEko Atlantic - I just said it looks cool?
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July 23rd, 2013, 11:13 AM# 51
annman
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Of course this thread wouldend up like this... Aikona!
July 23rd, 2013, 11:34 AM# 52
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South African Agenda
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July 23rd, 2013, 05:43 PM# 53
HerachioBlo
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Quote:
Originally Posted byDiggerdog
Really? Calm down, new boy.
I want to see a prosperous Africa, for sure. Just look at my history of supporting Angola, Moz, Namibia. I like the way Ghana is going.
I don't even have a problem withNigeria per se - it is a huge potential market, and South African companies are making a lot of money there, and rampingup fast.
I only respond to this constant Nigerian boasting. And it is not even the boasting that is bad, ifit were true.
This is yet another thread boasting the Lagos economy will be bigger than 'another countries' - which is unnecessaryto start with - but there are nofacts, no hard evidence.
Its just all supposition. Until you can get some decent, verifiable facts and figures - just stop running your mouths
And...what is wrong with me likingEko Atlantic - I just said it looks cool?where is the boasting? Point outof piece of boasting in this entire thread. If someone says Nigerians can afford food, jealous people like yourself with bad intentions will call it boasting. This thread says Lagosis set to be the 13th largest economy in Africa as it stands, and this is boasting?
You then respond by saying the Lagos Statistics Bureau is boasting by saying a city of 18 million people that in all reality sustains an entire region of africa has money. This is after two years a the LSG meticulouslycombing the city to find facts and figures on the economy of the country under RBF (i'm usingacronyms because you seem to know Thisday and LSB's levels of credibility well enough to know exactly what i'm talking about). You don't think there's something wrong with you?
Your immediate response was that there's no way Lagos has accurate records because onWikipediaandThisdayonline statistics show otherwise. You know nothing about Thisday, youknow nothing about the LSB, butyou were convinced. You were ready to assert confidence in the more hurtful of two notions because you came in here to attack Nigerians.
You were firmly convinced that Lagos was lying to you because it said that Lagos, a country 35% the population of your entire country, has money. People like you are threatened by Nigeria for absolutely no reason. You had no reason to point out that south Africa has roads. That is boasting because it has nothing to do with the discussion. Everyone can see youfor what you are and what you're doing and the extent you've humiliated yourself and made South Africans at large look insecure of ill-spirited.
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July 23rd, 2013, 10:20 PM# 54
Diggerdog
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South Africans at large look insecure...because I am having a bit of fun knocking down some ofthese Nigerian claims? A bit too general, I think, old bean.
You are blundering around, seemingly outraged, but completely ignoring the point.
The point is this - how is Nigeria to become the powerhouse of Africa at all, let alone in the nextdecade, with the very real, verydaunting, problems it has?
This is a valid question.
I raised just a few - theincreasingunemployement despite apparent economic growth. Rapidly increasing as well, which is just weird...if it were staying more or less the same it would still not be great...but it is getting worse.
So...just explain that instead of huffing and puffing. If those figures are incorrect, fine, just post some correct figures.
I mentioned roads in relation to infrastructure.
Infrastructure is key for any economy to grow. Nigerias infra is in a bad way, and much too underdeveloped for the economyto continue to boom.
Apart from the poor road, rail and other basics, the electricity production is minuscule for a country of this size.
Again, just enlighten me...this needs massive, long term investment.
Etc etc. I posted figures from wiki and others, yes. I refer to the world bank, CIA Facebook, the IMF, local and international news.
I do this because of these claims of Nigeria growing into a giant, and simply do not see the foundations for this to be so.
Also, I just enjoyed annoying Tbite to start with...but now youguys are frothing at the mouth too!
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Yesterday, 09:06 AM# 55
HerachioBlo
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Quote:
Originally Posted byDiggerdog
South Africans at large look insecure...because I am having a bit of fun knocking down some of these Nigerian claims? A bit too general, I think, old bean.
You are blundering around, seemingly outraged, but completely ignoring the point.
The point is this - how is Nigeria to become the powerhouse of Africa at all, let alone in the next

The e-war was interesting. But why is this news? Everyone knows that Nigeria and SA arent best of friends.....its a love-hate affair

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previousnext decade, with the very real,very daunting, problems it has?
This is a valid question.
I raised just a few - theincreasingunemployement despite apparent economic growth. Rapidly increasing as well, which is just weird...if it were staying more or less the same it would still not be great...but it is getting worse.
So...just explain that instead of huffing and puffing. If those figures are incorrect, fine, just post some correct figures.
I mentioned roads in relation to infrastructure.
Infrastructure is key for any economy to grow. Nigerias infra is in a bad way, and much too underdeveloped for the economyto continue to boom.
Apart from the poor road, rail and other basics, the electricity production is minuscule for a country of this size.
Again, just enlighten me...this needs massive, long term investment.
Etc etc. I posted figures from wiki and others, yes. I refer to the world bank, CIA Facebook, the IMF, local and international news.
I do this because of these claims of Nigeria growing into a giant, and simply do not see the foundations for this to be so.
Also, I just enjoyed annoying Tbite to start with...but now youguys are frothing at the mouth too!You didn't refer to the world bank, you didn't refer to any CIAmembers facebook and you didn't refer to local and international news. You cited Thisday and Wikipedia. I can say that Thisday is local news, but you already said LSB wasn't credible so why the hell is Thisday? Tell me what is Thisday.Tell me the history and context Thisday serves in Nigeria and compare it to the LSB. Then tell me if discrediting the LSB allows you to use Thisday as a source
You came in speaking of what you didn't know, embarrassed yourself and now that you're losing the arguement you're ready to point blank lie and say that you cited the CIA's twitter.
Tell me the daunting problem? Unemployment? Insecurity? a wealth gap?
It is still beating south africa in every single sector that can be called a problem let alone a daunting one. South africa is theAIDS patient of africa looking down on everyone with a malarial fever just because he has a two car garage instead of1.
Who even brought being 'the powerhouse of africa' into the thread. The thread stated a specific economic fact about Lagos being a large economy, which you don't believe (?), and that's fine if you don't believe it but tell me in exactly what sector of national livelihood doesSouth Africa have less of a problem than Nigeria
Health?
Tension?
Insecurity?
Poverty?
Unemployment?
Underemployment?
Growth?
Corruption?
Urban development issues?
?? You can say 'infrastructure' but what is the point of south african infrastructure if it is the least sought after place in AFricatoday for people to do new business in. We're speaking of a place that is growing at 2-3%. Ending the worlds largest wealthgap at 2-3% per annum. Fightingworld worlds worst insecurity of a non war-time state at 2-3% per annum.
South africa has the problems Ethiopia, Nigeria, and the lot have, but the later two are changing their situation at 10 and 7 percent per annum and South africa 2 to 3. As you speak of infrastructure you country has erected 4 cities modern cities out of thin air. 6 inthe works. Nothing like this can happen in South Africa and thus is not. Absolutely nothing. The list of projects in SA compared to the list of projects in the average african economy is desolate. The issue is you face worst health conditions and worst economic injustice and poverty than most of these countries but you're still telling us about roads.
Go and face your problems. Go and face your country. Go and tell yourself the reality you look at everyday. While I can say Nigeria's present isn't what anyone should expect, there's an unquestionably small percentage of observers that will tell you Nigeria's future is anything but exceptional based on the real numbers on the ground. We can not say thing about South Africa what so ever. South Africa is a done deal,the issue is it was done well before anyone else thanks to robbery land grabs and ethnic genocide.
People don't die in Nigeria at themeaningless rates by which theydie in south africa, and more over there's nothing in South Africa good or bad that isn't in Nigeria. If you're convinced that Nigeria doesn't produce at a rate comparable to SA that's you're own issue and ignorance. If you are convinced you live in awealthy country that good for you because while having everything you have we Nigeriasstill feel there needs to be moreand won't enter South African threads to argue about how we feel the Johannesburg Statistics Bureau has the nerve to say there's money in Johannesburg.
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Yesterday, 01:03 PM# 56
Diggerdog
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Again, no facts, just ranting.
I am not talking only about this thread, I have referred to all those sources for info, in this and other threads.
I explained quite rationally in the post you just quoted, but you seem to have missed all my points or just misunderstood.
Perhaps read it again. The blindingly obvious infrastructure shortfalls, the worsening unemployment.
Let us just look at one single point, seeing as how you are confused - Unemployment.
Now, as I said, SA has high unemployment which has stubbornly stuck at its current rate for a decade.
That is bad.
We know it is bad, we admit it. As I said, our biggest problem.
Nigeria also has high unemployment BUT as I have asked/pointed out...not only is it not decreasing, it is in fact INCREASING...fast!
Now, as you point out, Nigeria has one of the fastest growing economies anywhere.
So, my very simple question is...how? How can it be that unemployment has Doubled in 5 years?
That's all. Don't get all offended and hurt and start crying...just simple facts and reasons.
Lets try that.
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Yesterday, 06:08 PM# 57
HerachioBlo
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any economy that's witnessing restructuring is going to witness and increase in unemployment. Many of the jobs in Nigeria were created to cope is the dysfunction of the country. As the country starts to function, these jobs are becoming obsoleteor illegal. Same thing is happeningin SA.
How bad the situationis – with unemployment at the core.
Quote:
HILTON TARRANT: The Momentum Unisa Household Wellness Index shows us to a large extent whatwe already know – household finances are worsening.
Lee-Ann du Toit is head of financial wellness at Momentum. Lee-Ann, 65.23 in 2011, 64.77 in 2012. Without getting into too much detail with those numbers, how do you measure wellness?
LEE-ANN DU TOIT: Hi, Hilton. Yes, just looking at how we actually measure financial wellness, and based on the Financial Wellness Index of Unisa and Momentum, we actually take a completely holistic approach.
So we look at your physical wellness, which links to your income-earning capabilities, like can you earn a salary, your accumulated wealth – which is your assets – how you can actually look at the environmentand what's in your environment; for instance do you rent a house, do you live in a house, where do you live, for example.
And then also your human capital – what your level of education is, which has got a very strong link to your financialwellness.
And the very last one that we look at is your social capital – for instance your personal situation, your parents, your mother-in law, is there someone that can take care of you if youdo lose a job and if you actually become unemployed.
We put all of those together andfrom there we actually create the Financial Wellness Index.
HILTON TARRANT: Now, financial wellness in South Africa, in SouthAfrican households, deterioratedin 2012 across almost all income groups. So this was across the board. It's not as if the well-off income groups were immune to this.
LEE-ANN DU TOIT: No, not at all. And I think that was a trend that we picked up compared to the previous year – that it's all income groups, whether you arein a highly affluent state, all the way down to the low income [group]. It's not a massive decline, but there is a declining trend.
And because of that we looked at what types of interventions are necessary. And looking through that, different interventions for different income segments. For instance, for the very low-income segment it's very much around getting the dependency on socialgrants down, and finding a way to become self-sufficient.
And in the highly affluent segments you look more about making sure that you are alwaysemployable, no matter [what]. It's not just tertiary education; are you relevant? Can you maybe focus more on entrepreneurial mindsets and reduce the debt that even high-income earners have, increasing debt ratios and your high liabilities versus your assets.And focusing on those types of interventions.
HILTON TARRANT: Thanks to Lee-Ann du Toit. David, unemployment is I guess obviously at the core of allof this. One step that cameout of the financial wellness index – the number of unemployed persons in South Africa increased by 12 for every four jobs that were created during 2012.
DAVID SHAPIRO: We don’t even know the real unemployment levels because there are so many people that don’t even bother applying for jobs, just knowing that they are not goingto get them. So I think the statsare much higher, and it's a source of major worry for our economy. http://www.moneyweb.co.za /moneyweb-s...-update/r-1505
There's also the phenomia amongsouth africans of flat out giving up on the job market. Not counting these people is what's keeping the countries unemployment rate "static" as ithas been for decades. It's funny that SA has spent effort and money trying to paint it's self asan emerging economy like Angolafor instance when it's more like Portugal in every sense of understanding.
You can't come in here to tell Nigerians about their unemployment rate when it's lower than yours.
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Yesterday, 06:32 PM# 58
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Quote:
Originally Posted byekezeaso
don't mind that fool digger dog South Africa infrastructure is really nothing to write home about. South Africa is really a one eye man in a continent full of the blind, with right leadership rising African countries like Angola,Nigeria, Ghana Kenya Rwanda Ethiopia etc, these countries can catch up with South Africa infrastructure in less than a decade.Haha...no these countries aka the African Autonomous Region of the People's Republic of China aren't going to be catching up to RSA anytime soon... maybe Nigeria and Kenya are the exceptions.
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Yesterday, 07:38 PM# 59
ekezeaso
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Herachio, this dude is so in love with his South Africa that he will never publicly accept the fact that there is a country in west Africa previously hindered by decades of military rule that is finally climbing out of the pit. Whyare you wasting your time with this nonentity. What is he to Nigeria, will he bring a billion dollar project to Nigeria? no, If DiggerDog were to go and hug atransformer and die today will anybody in Nigeria care?no.WillDiggerDog and his army of Nigerian Haters stop Nigeria fromit impressive 7 PERCENT GDP growth? no. please stop wastingyour time with this overgrowngoat.Theonly thing digger dog and his kind can ever do to Nigeria is to come to sky-scrapper city and utter gibberish. In the first quarter of 2014 the re-based GDP will comeout Nigeria will have the biggest economy on the continent, like i said before it is nothing worth celebrating because, Nigeria should really be competing with the likes of Indonesia, Turkey, Brazil.I like to travel, in the past couple of months i have been to about a dozen African Countries the infrastructural projects going on around especially in Nigeria, Ethiopia, Kenya and Rwanda is very impressive, someAfrican countries are really roaring back.
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Yesterday, 07:57 PM# 60
Obafemi Awolowo
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Quote:
Originally Posted byekezeaso
Herachio, this dude is so in love with his South Africa that he willnever publicly accept the fact that there is a country in west Africa previously hindered by decades of military rule that is finally climbing out of the pit. Why are you wasting your time with this nonentity. What is he to Nigeria, will he bring a billion dollar project to Nigeria? no, If DiggerDog were to go and hug atransformer and die today will anybody in Nigeria care?no.WillDiggerDog and his army of Nigerian Haters stop Nigeria fromit impressive 7 PERCENT GDP growth? no. please stop wastingyour time with this overgrowngoat.Theonly thing digger dog and his kind can ever do to Nigeria is to come to sky-scrapper city and utter gibberish. In the first quarter of 2014 the re-based GDP will comeout Nigeria will have the biggest economy on the continent, like i said before it is nothing worth celebrating because, Nigeria should really be competing with the likes of Indonesia, Turkey, Brazil.I like to travel, in the past couple of months i have been to about a dozen African Countries the infrastructural projects going on around especially in Nigeria, Ethiopia, Kenya and Rwanda is very impressive, someAfrican countries are really roaring back.Diggerdog is an idiot, the guy doesn't even know about the military rule Nigerian went through and its transition to civilian rule. He talks about Infrastructure and unemployment but doesn't realize infrastructure have improved rapidly in Nigeria compared to the military era, yes unemployment is high but you can't compare it with south africa with a whopping 25% for its population.
Eko atlantic will never be reality if we were still in military rule, allthese changes have been brought to the table since civilian rule began in 1999.
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