rvp20182:
That is not true. Without even factoring the 4 times the population and twice the land size - you cannot beat kenya - in many of those things - remove non-oil fdi - and you got nothing.

But it is my brother ...facts are you cannot shy away from it...just compare our tech sector for instance

Give me FDI and breakdown by sector.

Shaytun:


It’s actually from non oil FDI dunce..it might amaze you but we don’t actually get much foreign investment in the oil sector, reason why we’ve been try to pass the PIB bill

https://resourcegovernance.org/sites/default/files/documents/nigerias_pib.pdf

Tech sector we normally beat you - except for one or two years.


[img]https://techcrunch.com/wp-content/uploads/2020/03/africa-top-vc-2019c.png?resize=2048,1496[/img]

Shaytun:


But it is my brother ...facts are you cannot shy away from it...just compare our tech sector for instance

rvp20182:
Focus on debt servicing ratio.

Fake GDP doesn't repay debt. Gov revenues repay it

Nigeria’s Total Debt Stock (Foreign & Domestic), as at June 2020 stood at N31.01 trillion ($85.9 billion)

Now go back to your budget - less than Kenya. Check how much money do you have in your coffers to repay that debt - less than Kenya - sometimes 10-15B dollars.

And you'll read such shocking stories - Nigeria debt servicing ratio is 99%
https://nairametrics.com/2020/06/13/nigeria-records-debt-service-to-revenue-ratio-of-99-in-first-quarter-of-2020/

And again you keep pulling things out of your arse.

I’ve proved it to you that we have a bigger budget than you.

56>26

Money in our coffers??

You want to compare our foreign reserves??

I see you've gone to default mode. Find Ghana and engage them. Kenya is aiming for South Africa. Not your zoo. Fix electricity first.

Shaytun:


And again you keep pulling things out of your arse.

I’ve proved it to you that we have a bigger budget than you.

56>26

Money in our coffers??

You want to compare our foreign reserves??

Saddamochieng00:


Whats this all about?

This is how someone summarised it

GameStop saga is a ludicrous stock mania born of pandemic boredom and FOMO, piggybacking off of a clever Reddit revenge plot, which targeted hedge funds, who made a reckless bet on a struggling retailer—and it’s going to end with lots of people losing incredible amounts of money.

It was a protest buy against the hedge funds that had “shorted” the stock, a financial maneuver that allows them to make money by correctly predicting when stocks will drop in value..

rvp2018:
I see you've gone to default mode. Find Ghana and engage them. Kenya is aiming for South Africa. Not your zoo. Fix electricity first.

You’re not aiming for anything dunce.

Your real estate sector value is less than that of Tanzania.

All the infractural development going on in your country is not up to $3b...your debt is 67% of your GDP ...you have less than $26b budget for 2021,

Nigeria just repaid Eurobond of 6.75% with both interest and principal that matured on the 28.

Your country can only dream of that

rvp2018:
I see you've gone to default mode. Find Ghana and engage them. Kenya is aiming for South Africa. Not your zoo. Fix electricity first.

Our electricity sector is improving day by day.

By next year we should be doing around 18,000MW , while Kenya is still stuck in 2,000MW.

It’s obvious we are not even in the same league anymore

You borrowed locally to repay eurobond. Who does that.
https://www.reuters.com/article/nigeria-eurobonds-idAFL1N2JG1FR

Shaytun:




You’re not aiming for anything dunce.

Your real estate sector value is less than that of Tanzania.

All the infractural development going on in your country is not up to $3b...your debt is 67% of your GDP ...you have less than $26b budget for 2021,

Nigeria just repaid Eurobond of 6.75% with both interest and principal that matured on the 28.

Your country can only dream of that

Shaytun:


Our electricity sector is improving day by day.

By next year we should be doing around 18,000MW , while Kenya is still stuck in 2,000MW.

It’s obvious we are not even in the same league anymore

dude just stop..No one is buying ths..the word blackout is associated with Nigeria...you can have 1000GW but no one is benefitting from it..thats the difference btw your country an kenya

Lol...it’s worse than I thought.

“But recent experience in Kenya suggests this is a plan fraught with danger if other components that are required for its fruition are not in place. Kenya’s Chinese-built $3.2 billion Standard Gauge Railway connecting its capital city Nairobi and the port city of Mombasa has already lost $200 million in just three years of operation. One key reason has been that the rail has been unattractive to cargo owners because of its higher fees and tariffs, additional time clearing goods, and a lack of last-mile delivery, when compared to trucks.”

When the generators shut down please let us know. It's been 5yrs since this thread started, It not gotten better.

Shaytun:


Our electricity sector is improving day by day.

By next year we should be doing around 18,000MW , while Kenya is still stuck in 2,000MW.

It’s obvious we are not even in the same league anymore

Facts are indeed stubborn.

Olander attributed Africa’s rail boom in the past decade to China’s indispensable roles in providing access to capital and actually building the railways. Nigeria has a better chance of avoiding some of the pitfalls of Kenya, which looks like it may struggle to pay back its loans. Nigeria’s railway project costs less comparatively and it has a stronger cash flow position than Kenya as long as oil prices do not fall precipitously.


For the most part, it looks like the Nigerian government’s been doing quite a good job. Contrary to widespread misperceptions, Nigeria doesn’t actually borrow that much from China and what they do borrow is used to build strategically essential infrastructure.”

Teething problem during operational - you're yet to even start transporting cargo through trains. Those problems of last mile, congestion at Nairobi dry port and etc are being fixed.

We certainly didn't expect to turn profit for first 10yrs.

Shaytun:
Lol...it’s worse than I thought.

“But recent experience in Kenya suggests this is a plan fraught with danger if other components that are required for its fruition are not in place. Kenya’s Chinese-built $3.2 billion Standard Gauge Railway connecting its capital city Nairobi and the port city of Mombasa has already lost $200 million in just three years of operation. One key reason has been that the rail has been unattractive to cargo owners because of its higher fees and tariffs, additional time clearing goods, and a lack of last-mile delivery, when compared to trucks.”

rvp2018:
When the generators shut down please let us know. It's been 5yrs since this thread started, It not gotten better.

Yeah it has..better than Kenya.

You wouldn’t know since you don’t live here

Kenya took 3yrs to deliver and operationalize SGR. You have 10 yrs and there is nothing on the ground. That article is obviously written by Nigerian engaging in China hatefest.

Shaytun:
Facts are indeed stubborn.

Olander attributed Africa’s rail boom in the past decade to China’s indispensable roles in providing access to capital and actually building the railways. Nigeria has a better chance of avoiding some of the pitfalls of Kenya, which looks like it may struggle to pay back its loans. Nigeria’s railway project costs less comparatively and it has a stronger cash flow position than Kenya as long as oil prices do not fall precipitously.


For the most part, it looks like the Nigerian government’s been doing quite a good job. Contrary to widespread misperceptions, Nigeria doesn’t actually borrow that much from China and what they do borrow is used to build strategically essential infrastructure.”

mtisTheQubit:


dude just stop..No one is buying ths..the word blackout is associated with Nigeria...you can have 1000GW but no one is benefitting from it..thats the difference btw your country an kenya

Facts are stubborn mate.

But the Crux of the matter is electricity has improved...I live here so I know

rvp2018:
Kenya took 3yrs to deliver and operationalize SGR. You have 10 yrs and there is nothing on the ground. That article is obviously written by Nigerian engaging in China hatefest.

Still pulling things out of your arse I see.

When did construction start on Lagos -Ibadan SGR ??

How has it improved? You can have 18,000MW but the peak generation is what 3,000MW. The turbines cannot just turn when producers are not paid. Let's not talk about the collapsed network...due overloading and disrrepair.

You may live all your lifetime in that mess - of generators and blackouts.

Shaytun:


Facts are stubborn mate.

But the Crux of the matter is electricity has improved...I live here so I know

rvp2018:
Kenya took 3yrs to deliver and operationalize SGR. You have 10 yrs and there is nothing on the ground. That article is obviously written by Nigerian engaging in China hatefest.

Why am I not surprised ...if facts don’t align with you Kenyans opinion then it must be fake

rvp2018:
When the generators shut down please let us know. It's been 5yrs since this thread started, It not gotten better.

Trust me they have powerful generator importers cartels .. just saying
No change any soon..

In 2012. Mere 150Kms. Kenya started in 2014 - 600kms plus - including the booring through The Great Rift valley - 5Km tunnel - longest in Africa

Shaytun:


Still pulling things out of your arse I see.

When did construction start on Lagos -Ibadan SGR ??

rvp2018:
How has it improved? You can have 18,000MW but the peak generation is what 3,000MW. The turbines cannot just turn when producers are not paid. Let's not talk about the collapsed network...due overloading and disrrepair.

You may live all your lifetime in that mess - of generators and blackouts.

Again still pulling things out of your arse.

Learn the difference between generation,distribution and transmission then we can have a discussion.

Each Nigeria state should try their own magic - their federal gov has failed - despite investing billions.

mtisTheQubit:

Trust me they have powerful generator importers cartels .. just saying
No change any soon..

Shaytun:


Facts are stubborn mate.

But the Crux of the matter is electricity has improved...I live here so I know

You are the largest black nation on the planet and cant fix power.a simple thing like that with all that oil money ..you should not represent Africa anymore ..you should be ashamed

You can purport to lecture me on anything. I am currently developing my own hydroplant - a 1MW - plant - for my own tea processing plant.

Shaytun:


Again still pulling things out of your arse.

Learn the difference between generation,distribution and transmission then we can have a discussion.

rvp2018:
In 2012. Mere 150Kms. Kenya started in 2014 - 600kms plus - including the booring through The Great Rift valley - 5Km tunnel - longest in Africa

Contract was awarded in 2012.

I ask you when construction began...it’s a simple question

rvp2018:
Each Nigeria state should try their own magic - their federal gov has failed - despite investing billions.

Yes .. that the only way Nigeria will prosper..

After awarding contract - what else was your waiting for - or you had no money - just awarding contract without money. DELUSION. In kenya contracts are only awarded when the money is ready and all regulations have been passed.

Shaytun:


Contract was awarded in 2012.

I ask you when construction began...it’s a simple question

rvp2018:
You can purport to lecture me on anything. I am currently developing my own hydroplant - a 1MW - plant - for my own tea processing plant.

Good for you then.

The crux of the matter is we generate, produce and transmit more electricity than Kenya can hope to achieve in the next ten years.

And according to the international energy agency our citizens have a higher access to electricity.

rvp2018:
In 2012. Mere 150Kms. Kenya started in 2014 - 600kms plus - including the booring through The Great Rift valley - 5Km tunnel - longest in Africa

There is corruption here but stuff works..an that good...people wake up and see progress

How do folks survive with all that blackout and generator noise?

mtisTheQubit:

You are the largest black nation on the planet and cant fix power.a simple thing like that with all that oil money ..you should not represent Africa anymore ..you should be ashamed

We haven’t fix electricity completely but atleast there’s progress..

Whats Kenyan excuse??