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Nairaland Forum / Nairaland / General / Politics / Nigeria Economy Rated Best In Africa By Forbes-see Link (29613 Views)
Realities Of Nigeria’s Diminishing Relevance To U.S., Africa By Princeton Lyman / Why Nigeria Cannot Afford A Stand-Off With South Africa By Kakanda (Al-jazeera) / Nigeria Economy Rated The Best In Africa By Forbes - See Link (2) (3) (4)
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Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by pennyforthought: 12:09pm On Sep 12, 2018 |
Babzrockman: I disagree for the simple reason that in 1990 India was a closed off country and in 1970 China was a closed off country. One following Socialism and the other Communism. Nigeria meanwhile has been open to foreign investment and capital and follows a mixed market economic system. When India and China opened up their economies the populations were dirt poor, there was massive scope for investment and growth and a lack of developed robust systems. Opening the economy allowed foreign investment to come pouring in and new businesses started cropping up. The people grew richer and the gap grew as a natural result. The real gdp growth of China happened in the 90s and of India is happening now after the basic effect of opening up the country faded. Currently Ethiopia is one of the fastest growing economies in the world because they are going through this phase. Nigeria has gone through this phase already and our power shortages, bureaucratic inefficiency, corruption and lack of economic will has caused us to stagnate instead of experiencing the kind of growth other countries are achieving. Our population is growing at a much faster rate than our economy and we cannot harness our youth potential since we lack industrial capabilities. We have natural resources but need the income from these to just prop up the country not to mention the massive reserves that are stolen each year. Nigeria's high poverty rate won't just fade away. We need actual economic policies that allow for our poverty to reduce. Economic policies that aim at improving industry and creating actual sectors that we dominate. 1 Like |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by Buterflyle0: 12:18pm On Sep 12, 2018 |
Buckubuck: You are a deep blockhead. Okonjo iweala declared that recession was imminent while under GEJ when she said she begged him to save up for it but he had no will to save. The recession we experienced in 2015 was due to Jonathan's inability to shore up our foreign reserves but rather chose to deplete it which was what Venezuela did and got them bankrupt today but Buhari, the first thing he did was ensure he put savings back to our foreign reserves and he achieved this. Your comment about buhari being the reason for recession shows how nonsensical your reasoning is. Oil prices experienced a global decline until it hit the $25pb mark and we had very little foreign reserves all thanks to GEJ so we were exposed badly but Buhari was able to pull us out with his economic team within one year. Buhari did not cause the drop in oil prices worldwide when it happened. This shows you are a poor student of economics as you claimed. Regarding recession in USA, you really need to stop showing off your ignorance with pride. Read below https://www.forbes.com/sites/johnfvail/2018/03/27/revisions-show-us-industrial-mini-recession-in-2015/amp/ 1 Like 1 Share |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by OyinO: 12:49pm On Sep 12, 2018 |
Not only Forbes, it is Fog. Stewpid people. 1 Like |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by erico2k2(m): 1:11pm On Sep 12, 2018 |
Sall:Where did you see Forbes ? Another lazy yuuuut 1 Like |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by erico2k2(m): 1:13pm On Sep 12, 2018 |
KingRagnar:Evry FG comes with the fancy plans on paper and we dnt see Jack shyte Can I ask you the last time you ate our local rice?? 1 Like |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by jerrybabasam: 1:25pm On Sep 12, 2018 |
Buterflyle0:It is unfortunate that you have resulted to insulting people for saying their opinions . Meanwhile it's not your own fault just because you are emulating the people that mentored you. 2 Likes
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Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by Barzinime(m): 1:32pm On Sep 12, 2018 |
I am sure you dont read stuffs like this sanpipita Freetech: |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by Nobody: 1:38pm On Sep 12, 2018 |
kotv: Thanks for bursting their lying asses. I went to the site now, and my browser warned me that its not secure. How does being poverty capital of the world equate to best economy?? 2 Likes |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by Nobody: 1:41pm On Sep 12, 2018 |
Buterflyle0:Your brain is really in reverse mode It keeps shrinking per minute exponentially Bla bla bla Jonathan killed Jesus and invited buhari to bury him. If the economy was headed towards recession, buhari should have shown superior leadership by taking steps to avert it on resuming office, not engage in blame game while sitting like an ugly duckling. The first four months of his administration would have been crucial in doing that but due to his ineptitude and ignorance, he could do nothing. Your link talks abt perceived recession which is based on revision in the industrial sector not the economy. US GDP grew by 6% in 2015, one of the highest in the Obama years so where's ur recession? I need you to do better boy. At least read the links before you paste them 3 Likes |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by sanpipita(m): 1:44pm On Sep 12, 2018 |
Barzinime: Lol can you tell me what is our debt profile now? hasn't it tripled? being best performing economy in 2018 does it mean we are better off than three years back? the link you are mentioning me too is even fake news no direct link from forbes on this, did you try read the first link? that's an article posted five months ago, can't you see this govt has failed and all they do is lie? stop allowing a failed govt use your sense to drink garri 1 Like |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by sanpipita(m): 1:54pm On Sep 12, 2018 |
Lol so they went and digged up an old article just to justify the mess they have made of our economy, no shame 1 Like |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by deebrownneymar: 2:00pm On Sep 12, 2018 |
Freetech: This is pure propaganda. APC has failed!!! 1 Like |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by InvertedHammer: 2:38pm On Sep 12, 2018 |
mrphysics:/ I gave you examples. I don't wait to be spoonfed by articles to use common sense. You believe so much in researches without considering the sponsors of the researches. That's why one day they say that researchers from UCLA advice people that a glass of wine a day is beneficial to the health. You flip the next channel to hear that researchers at USC say that wine should be avoided at all cost because of increased risk of cancer. Which one will you take? Education goes beyond sitting in classrooms, taking notes, passing written exams and being issued a piece of paper certificate. They say most Nigerian "graduates" are unemployable and some people wonder why. / 1 Like |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by Sall(m): 2:54pm On Sep 12, 2018 |
erico2k2: Lazy really, sorry e 1 Like |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by Great2017: 3:11pm On Sep 12, 2018 |
Buterflyle0:How dare you equate glut in crude oil supply to economic recession? As really said, your ignorance knows no bound. 3 Likes 1 Share |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by sanpipita(m): 3:19pm On Sep 12, 2018 |
Great2017: He isn't ignorant but spreading propaganda given to him by his paymasters, upto sane people like us to stand up to this madness, they want to ruin this nation 2 Likes |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by vivavik(f): 4:06pm On Sep 12, 2018 |
Superb analysis! Couldn't have understood it any better, Thanks. Buterflyle0: |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by vivavik(f): 4:12pm On Sep 12, 2018 |
I think we should be happy that "better" is happening to Nigeria, rather than antagonise and wish the news is bad, haba! When did youths deteriorate to this level? |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by naijapips04: 4:35pm On Sep 12, 2018 |
vivavik: happy about a fake news item? the real situation of Nigerian economy would worry you. 1 Like |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by Nobody: 4:37pm On Sep 12, 2018 |
Buterflyle0: it took pdp 16 years to bastaedize the naira. But it took Buhari just 1 year n 5 months to completely bastardize the naira ![]() Meanwhile aff lalasticlala dem banned the other butterflyleo?? ![]() 1 Like |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by Kfed4ril(m): 5:08pm On Sep 12, 2018 |
buharitill2023: Bros name one project this pmb govt can boast of just one. |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by thewesternking: 5:17pm On Sep 12, 2018 |
Great News. Slowly but surely Nigeria will get better. |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by vivavik(f): 5:26pm On Sep 12, 2018 |
naijapips04:I'm worried already about the Nigeria situation, I've clicked on all the links and even saw it on the network news, it isn't fake. If it was, Forbes would have debunked it by now! |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by naijapips04: 5:35pm On Sep 12, 2018 |
vivavik: https://www.nairaland.com/4728881/fake-news-nigerias-economy-not Show me a link from Forbes that has this rating and I would give you 20k. Thanks in advance. 1 Like 1 Share |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by buharitill2023: 5:39pm On Sep 12, 2018 |
Kfed4ril:in all sector, buhari has achieved 50% above what he met on ground. 5 moribund fertilizer plant is now working, Ajaokuta steel company moribund since inception is 99% completed. 3 seaport and dry port completed, This is just some unseen project the jobless aggressive lazy idiotic pigs of bia-fra terrorist can not see. In agriculture, in security, in aviation,in power and house. No need to mention roads and railway |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by peterphd(m): 5:46pm On Sep 12, 2018 |
InvertedHammer: Don't mind that guy. Buharists don't have sense. |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by vivavik(f): 6:23pm On Sep 12, 2018 |
naijapips04:there isn't a link from forbes pertaining to this, but with time the 'truth' will come out, I think this rating was done based on the GDP per capita of each of the countries. VON and the Nigerian news network wouldn't be stupid enough to ciculate this, as they must have verified b4 that! Ps: placing money as a motivation isn't the way I do things, just in case of next time. |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by naijapips04: 6:31pm On Sep 12, 2018 |
vivavik: Paste the link from Forbes or shut up zombies. Harbinger s of fake news. |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by ignant: 7:09pm On Sep 12, 2018 |
naijapips04: Pay the moniker you quoted no mind. Such illogic can only come from a bot or a genuinely mischievous person. |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by Barzinime(m): 7:38pm On Sep 12, 2018 |
sanpipita:Go and check America's debt four year before & present or check or developed countries. Dangote the richest man in the Nigerian is probably the biggest debtor. |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by sanpipita(m): 7:45pm On Sep 12, 2018 |
Barzinime: lol is this your new argument now? see if debt profile wasn't an issue why did you have post about it? you want to talk about our debt profile pre 2015, but when it comes to our current debt profile you start foaming in your mouth, biko support dullard in peace since you prefer going backwards, just count me out of this una madness, btw wonder how old are you cos these debts buhari is piling up won't pay themselves. |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by vivavik(f): 11:38pm On Sep 12, 2018 |
naijapips04:did u seriously just insult me now? If yes, that's very immature of u and I pity u, I even thought I was having a convo with someone mature. |
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