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Nairaland Forum / Nairaland / General / Politics / South Africa's Economy Falls To Third Behind Nigeria, Egypt (29794 Views)
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South Africa's Economy Falls To Third Behind Nigeria, Egypt by PaulJohn1: 11:30pm On May 12, 2016 |
South Africa just lost its spot as Africa’s second largest economy http://www.forbes.com/sites/tobyshapshak/2016/05/12/south-africas-economy-falls-to-third-behind-nigeria-egypt/#5810f014760a 3 Likes 3 Shares
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Re: South Africa's Economy Falls To Third Behind Nigeria, Egypt by gisthit: 11:44pm On May 12, 2016 |
Are we really better than South Africa? Read full story here http://www.gisthit.com/2016/05/south-africas-economy-falls-to-third.html 1 Like |
Re: South Africa's Economy Falls To Third Behind Nigeria, Egypt by TippyTop(m): 12:10am On May 13, 2016 |
Jonathan made Nigeria the richest country in Africa, Buhari is currently reversing it. 92 Likes 6 Shares |
Re: South Africa's Economy Falls To Third Behind Nigeria, Egypt by Nobody: 12:24am On May 13, 2016 |
TippyTop: If you look closely at that chart you will see that nigeria's economy started taking a downward slope from 2014. Who was president then? Its not even jonathans fault. That was when oil started freefalling. It was literally out of our hands. 220 Likes 12 Shares |
Re: South Africa's Economy Falls To Third Behind Nigeria, Egypt by Agimor(m): 12:41am On May 13, 2016 |
It's only the largest on paper it doesn't reflect in real life. I pray we experience a reniassance in all aspect of tthe economy and our life's generally. Amen! 23 Likes 1 Share |
Re: South Africa's Economy Falls To Third Behind Nigeria, Egypt by drshrewd: 12:52am On May 13, 2016 |
Dudeweedlmao:don't mind that ineffective buffoonD 105 Likes 5 Shares |
Re: South Africa's Economy Falls To Third Behind Nigeria, Egypt by oshe11: 1:08am On May 13, 2016 |
10years from now your children will be eating or starving from the decision you made today 6 Likes |
Re: South Africa's Economy Falls To Third Behind Nigeria, Egypt by PaulJohn1: 1:20am On May 13, 2016 |
Dudeweedlmao:The economy is too dependent on oil. *saddening* Agimor:Its actually reflects in real life, but it is limited to about 1% of Nigerians. That's why we produce the richest in Africa, and the highest number of Africans living below poverty. 33 Likes 5 Shares |
Re: South Africa's Economy Falls To Third Behind Nigeria, Egypt by mikolo80: 1:59am On May 13, 2016 |
Dudeweedlmao:you're minding ignorant illiterates 54 Likes 4 Shares |
Re: South Africa's Economy Falls To Third Behind Nigeria, Egypt by malton: 3:11am On May 13, 2016 |
TippyTop: Looks like you've made it a lifelong mission to litter the reverred nairaland with garbage! Simpleton! 60 Likes 4 Shares |
Re: South Africa's Economy Falls To Third Behind Nigeria, Egypt by oduastates: 8:13am On May 13, 2016 |
Nigeria need to get power supply sorted as soon as possible. With power, we can actually give China, India and the rest a run for their money. We cannot do it the south Korean way. What Nigeria can latch on to is outsourcing in manufacturing( especially textiles), IT services, telesales and customers services. For those trying to rewrite history, the Nigerian economy started falling apart the day Jonathan got into power. Below is is a line chart and a flow chart of how Jonathan 17 Likes 1 Share
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Re: South Africa's Economy Falls To Third Behind Nigeria, Egypt by Nobody: 8:22am On May 13, 2016 |
Nigeria still at pole position 2 Likes |
Re: South Africa's Economy Falls To Third Behind Nigeria, Egypt by junketer(m): 8:28am On May 13, 2016 |
PaulJohn1:one percent my foot. A broke person living in soweto lives a better life than that billionaire that lives in lekki. The sowetan has 24hrs electricity,water, good roads from his door step to wherever, and all the other amenities u can think of. A lekki billionair only has comfort in his house by atleast using generator to power his house, drilling his own borehole for water and thats about it. Once he drives out of his gate with his bentley he must drive on the bad roads in lagos, get stuck in traffic jams for hours. Etc. Naija is messed up 35 Likes 4 Shares |
Re: South Africa's Economy Falls To Third Behind Nigeria, Egypt by XXLDICK(m): 8:32am On May 13, 2016 |
Nigeria has the largest economy in Africa because it's the most populated. I'm sure if GDP per head is calculated, we won't even be in top 20 in Africa The graph really shows Nigeria's over reliance on oil. If the price of crude oil rises, our economy rises... In 2008, the price of crude oil fell, in 2009, the price in increased... 2014, the price fell. We desperately need to diversify, the life of over 180 million people can't be tied to crude oil 8 Likes |
Re: South Africa's Economy Falls To Third Behind Nigeria, Egypt by pulsa(m): 8:32am On May 13, 2016 |
PRODUCT OF XENOPHOBIC ATTACKS AND ZUMA'S STUPIDITY. |
Re: South Africa's Economy Falls To Third Behind Nigeria, Egypt by Nobody: 8:32am On May 13, 2016 |
So, this is not Nigeria issue only,,, I still trust Buhari in this hardship. We can trust Buhari, things will get better soon I believe, he cant lead us to wrong path because wat u do today will be ai history tomorrow and will hunts and destroy ones generations We know that cabals are getting trillions of naira from the subsidy that's why they have power and money to funds millitants so that refinery will not function at optimal level.. is not easy to rule nigeria.. 12 Likes |
Re: South Africa's Economy Falls To Third Behind Nigeria, Egypt by Nobody: 8:33am On May 13, 2016 |
yet their standard of living is far higher than than of Nigeria 2 Likes |
Re: South Africa's Economy Falls To Third Behind Nigeria, Egypt by BL3zzY(f): 8:33am On May 13, 2016 |
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Re: South Africa's Economy Falls To Third Behind Nigeria, Egypt by Icon4s(m): 8:33am On May 13, 2016 |
Really? But look at the reversal of the curve for Nigeria as it deeps towards the end of 2015. At the rate of that negative slope for Nigeria South Africa and Egypt will overtake us in the next 1 year! 1 Like |
Re: South Africa's Economy Falls To Third Behind Nigeria, Egypt by RichYoungNigga: 8:33am On May 13, 2016 |
I wish the Nigerian economy will die and be buried. I want those that voted for Buhari to become beggars 2 Likes 2 Shares |
Re: South Africa's Economy Falls To Third Behind Nigeria, Egypt by realBliss(m): 8:34am On May 13, 2016 |
false hope! |
Re: South Africa's Economy Falls To Third Behind Nigeria, Egypt by phemolala07(m): 8:34am On May 13, 2016 |
No b small tin ooo |
Re: South Africa's Economy Falls To Third Behind Nigeria, Egypt by Frank3n2(m): 8:35am On May 13, 2016 |
Hehehe.. Free falling of African economy.. |
Re: South Africa's Economy Falls To Third Behind Nigeria, Egypt by ALAYORMII: 8:35am On May 13, 2016 |
We still dey first upon all this katakata |
Re: South Africa's Economy Falls To Third Behind Nigeria, Egypt by simplemach(m): 8:35am On May 13, 2016 |
next is Nigeria. Egypt to take over soon |
Re: South Africa's Economy Falls To Third Behind Nigeria, Egypt by Goddex: 8:36am On May 13, 2016 |
dfr |
Re: South Africa's Economy Falls To Third Behind Nigeria, Egypt by tayo200(m): 8:36am On May 13, 2016 |
who dere economy epp b4? |
Re: South Africa's Economy Falls To Third Behind Nigeria, Egypt by Dalyricz(m): 8:36am On May 13, 2016 |
Ok |
Re: South Africa's Economy Falls To Third Behind Nigeria, Egypt by mmsen: 8:37am On May 13, 2016 |
junketer: A broke person in Soweto lives in poverty, often times around drunkards, habitual drug users and criminals - those who have been abused at home, mistreated at school and probably victimized by the police. And no, they do not have constant electricity, partly because many of these townships are informal settlements, there's no way of metering many of these homes, additionally South Africa has its own energy problems. Nor do they have constant water supply. Besides, all those things cost money so how does one without money pay for services that cost? 27 Likes 3 Shares |
Re: South Africa's Economy Falls To Third Behind Nigeria, Egypt by gurunlocker: 8:37am On May 13, 2016 |
Dudeweedlmao: . |
Re: South Africa's Economy Falls To Third Behind Nigeria, Egypt by realBliss(m): 8:37am On May 13, 2016 |
RichYoungNigga: like is not gonna affect you bro 3 Likes |
Re: South Africa's Economy Falls To Third Behind Nigeria, Egypt by Nobody: 8:38am On May 13, 2016 |
Are we supposed to be rejoicing over this? A rubber of rice that used to sell for N500 is now N1,100. |
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