theenchanter:
shut up economics master. Why is China's economy not 5x that of US?

Domestic savings and foreign investment are the key drivers of china economy, It's evidently clear even on the ground. Population doesn't largely influence economic growth on developed countries more than it does to developing countries.

CSTRR:

You claim that our population fuels our GDP and at the same time you deny that there is a GDP.

You are high on weed.

Stick to an argument.

The biggest indurialists in Africa are Nigerians.

But No, our GDP is inflated.

Aaah. Of course your GDP is inflated.

Shma:


Aaah. Of course your GDP is inflated.

Don't worry, wait till it get to $1trillion.

You will cry tears then.

https://www.youtube.com/watch?v=lE2Tt-TfhJI

Tony elumelu foundation giving $5000 to 1000 African entrepreneurs selected all across the entire 54 African countries, including kenya every year.

It's the biggest and most comprehensive entrepreneurship scheme on the African continent.

The 2022 session is set to open soon.

https://www.tonyelumelufoundation.org/

Tony elumelu owns the United Bank for Africa and Heirs holdings, both headquartered in Nigeria.

Big brother with a big GDP.

Personally, I would have preferred Tony elumelu to focus his foundation on Nigerians alone.

We need to fight poverty with everything we have got.

But then, he is a pan-african business man.

You can't blame him.

Shma:


Domestic savings and foreign investment are the key drivers of china economy, It's evidently clear even on the ground. Population doesn't largely influence economic growth on developed countries more than it does to developing countries.

chaiiii......

theenchanter:
chaiiii......

Tsap?.

CSTRR:


It would take time for us to match their overall development and HDI.
They were developed long time ago by the Dutch.

China and India are still fighting poverty.

It will take time.

Yah I see.
Common man on a street won't understand u since what they really want to see is your level of developments to match with what is written on paper. I think that's the reason why SA and Egypt get more respect in Africa than anyone else

Kazikazi:
Yah I see.
Common man on a street won't understand u since what they really want to see is your level of developments to match with what is written on paper. I think that's the reason why SA and Egypt get more respect in Africa than anyone else

Exactly..... Cos SA and Egypt were the forerunner of this continent. If Ethiopia had got her shit together, it should be up there.

No one really gives a hoot about other countries in d continent.

Yes Nigeria GDP is totally overcooked and doesnt make sense. Ethiopia if they sort out their petty squabbles have stronger fundamentals than Angola. Angola remain a primitive oil economy. It's a Nigeria.

Kazikazi:
Egypt is doing well currently. And what I like most is how they are very honest with their figures.They have a GDP growth which relates with what is in ground unlike some folks who doctored a big GDP while on ground u see a shithole.Others can have a big GDP but still starving.

But Angola won't be above Ethiopia. 20% currency appreciation won't be enough to overtake Ethiopians. And I doubt if the oil prices will be stable in a near future

What do you mean. According to your Nigerian Statistics your agricluture is top 5 in the world. It beats Brazil, Indonesia, Thailand, Netherlands, Russia name them- and is just below US, India, China

You already boast of 100B dollar agriclutural sector

Cooking statistics requires some brains.

CSTRR:
To be fair, I like the way Kenya has been able to master agriculture and diversify its agricultural exports.

It's an agricultural powerhouse and have utilized their agricultural lands far more productively than Nigeria.

Nigeria has a lot to learn from Kenya in that area.

Cooking GDP requires some brains....Nigeria claim to have big agricluture than these countries. TOTALLY CRAP. Agricluture as sector is 100B plus and as industry is 250B

Nigeria a society of fraudsters - their gov is fraud - their citizen are fraudsters.

How on earth can you claim to have bigger agricluture than Brazil or US or very close to the ENTIRE EUROPE?

All powered by hoes - cassava, millet, yams and plantain -

What hell is 5000 dollars support to 1000 business. This is just typical Nigerian grandiosness (sp). Why not concentrate that little money on his village poverty.

CSTRR:

https://www.youtube.com/watch?v=lE2Tt-TfhJI

Tony elumelu foundation giving $5000 to 1000 African entrepreneurs selected all across the entire 54 African countries, including kenya every year.

It's the biggest and most comprehensive entrepreneurship scheme on the African continent.

The 2022 session is set to open soon.

https://www.tonyelumelufoundation.org/

Tony elumelu owns the United Bank for Africa and Heirs holdings, both headquartered in Nigeria.

Big brother with a big GDP.

Real development should match GDP figures. GDP should explain the development. Not the other way round. That development should be visible to the naked eye. If you go to a developed country or see a video - you dont need GDP figures to know it's developed - you will see it on the streets - right from the airport - to the roads - to buildings - to the cars - to the people - the enviroment - you'll know this country is doing great. You will see well tendered farms - with healthy looking animals and crops. You will see thriving industries. You will see great hotels and resorts.

South Africa figures are solid. Egypt figures are solid. Nigeria is horse manure.

Kazikazi:
Yah I see.
Common man on a street won't understand u since what they really want to see is your level of developments to match with what is written on paper. I think that's the reason why SA and Egypt get more respect in Africa than anyone else

When I saw the pictures - I was doubting it big - now I see. Good start.

Shma:
Mombasa shipyard.

rvp2018:
Real development should match GDP figures. GDP should explain the development. Not the other way round. That development should be visible to the naked eye. If you go to a developed country or see a video - you dont need GDP figures to know it's developed - you will see it on the streets - right from the airport - to the roads - to buildings - to the cars - to the people - the enviroment - you'll know this country is doing great. You will see well tendered farms - with healthy looking animals and crops. You will see thriving industries. You will see great hotels and resorts.

South Africa figures are solid. Egypt figures are solid. Nigeria is horse manure.

This would mean Nigeria is deceiving the world and you are way smarter than all world organisations that have accepted this data.

IMF and WB DO NOT - I repeat DO NOT - estimate the GDP of a country. It's country statistics office who do that job. IMF or WB can offer technical assistances or disclaimers but it's general country politician to count and inflate the figures - if they want to.

CSTRR:

Clown.
Nigeria does not own the world Bank or IMF.
If it was a lie, they would have said so long ago.

Infact Many of Nigeria's production are not even formal.
It's in the informal sector which cannot be estimated and added to current GDP.

Nigerian GDP is even too poor for the potential it has.

Wait till Nigeria gets a decent govt.

Nobody is deceived except Nigeria. Otherwise you would see FDI flowing to Nigeria. Nobody believe Africa statistics like those. They do their maths. Those that believe Nigeria should ask VW - they sold only 32 cars in a year

They go to Egypt and South Africa - and they see a developing country - and they visit, invest and want to live in such a country.

Kenya has 10-15yrs to reach there - but they can see the promise .

Deceive yourself with giant stories of Africa - nobody outside Nigeria will take such figures seriously - unless they are also foolish.

GeneralDae:

This would mean Nigeria is deceiving the world and you are way smarter than all world organisations that have accepted this data.

rvp2018:
Nobody is deceived except Nigeria. Otherwise you would see FDI flowing to Nigeria. Nobody believe Africa statistics like those. They do their maths. Those that believe Nigeria should ask VW - they sold only 32 cars in a year

But from 2007-2019, Nigeria had the second largest influx of FDI just behind Egypt.

Mostly in OIL & GAS sector - that is just only FDI you'll see and it's only functional part of your economy. Fintech maybe - and Tech companies throwing money to Africa now.

GeneralDae:

But from 2007-2019, Nigeria had the second largest influx of FDI just behind Egypt.

rvp2018:
Mostly in OIL sector - that is just only FDI you'll see and it's only functional part of your economy. Fintech maybe - and Tech companies throwing money to Africa now.

So why did you lie initially that the country is not receiving FDI when it is the second in Africa?

rvp2018:
Cooking GDP requires some brains....Nigeria claim to have big agricluture than these countries. TOTALLY CRAP. Agricluture as sector is 100B plus and as industry is 250B

Nigeria a society of fraudsters - their gov is fraud - their citizen are fraudsters.

How on earth can you claim to have bigger agricluture than Brazil or US or very close to the ENTIRE EUROPE?

All powered by hoes - cassava, millet, yams and plantain -

Son,I don't understand since am illiterate

Do u wanna say Naija has big agri sector than Brazil and mexico? Are u sure these stats are coming from naija gov?

Kazikazi:
Yah I see.
Common man on a street won't understand u since what they really want to see is your level of developments to match with what is written on paper. I think that's the reason why SA and Egypt get more respect in Africa than anyone else

More and more of the common man on the streets are feeling the impact.
It will not be completed overnight.

Our population is three times the size of South Africa.

It's the common man that gets the jobs that dangote creates.

Who cares who some idiots respect in Africa?

When push comes to shove, they all look to Nigeria anyway.

Tony elumelu a Nigerian is the one giving them free $5000 as grants for their businesses every year.

It's not a South African or an Egyptian.

rvp2018:
IMF and WB DO NOT - I repeat DO NOT - estimate the GDP of a country. It's country statistics office who do that job. IMF or WB can offer technical assistances or disclaimers but it's general country politician to count and inflate the figures - if they want to.

I never said the world bank estimate the GDP of any country.

Our GDP was estimated after a very long while by the world renowned economist, Ngozi okonjo iweala when she was our minister of finance.

She is currently the DG of the world trade organisation.

The WB does not estimate GDP, but they have an idea.

GDP does not fly from thin air. You have to list the sectors providing the GDP and then show proof.

If it was exaggerated, the international community will disagree with it.

For example, Kenya cannot wake up and say they have a GDP of $10trillion.
Lol

The entire world would laugh.

Our GDP is a conservative estimate.
A lot of new and informal sectors are not even considered in it.

That is what Nigeria is telling everyone. Bigger than Brazil. Bigger than US. Almost equal to all the 28 EU nations plus Britain. All the food is eaten within Nigeria. Nobody has ever seen any ship exporting food. They also are world biggest importers of food.

You can imagine their appetite for all things food

Kazikazi:
Son,I don't understand since am illiterate

Do u wanna say Naija has big agri sector than Brazil and mexico? Are u sure these stats are coming from naija gov?

rvp2018:
What do you mean. According to your Nigerian Statistics your agricluture is top 5 in the world. It beats Brazil, Indonesia, Thailand, Netherlands, Russia name them- and is just below US, India, China

You already boast of 100B dollar agriclutural sector

Cooking statistics requires some brains.

You must be living in a fantasy of your own making.

Silly Kenyan with a GDP less than Lagos.

You think you can beat Lagos by selling tea and flowers.?

Lol.

Check your GDP breakdown. You 480B dollars - agriculture ( as sector) is 20-25 percent - that makes it more than 100B - and as industry it double that - 40 percent of GDP. It's bigger than giants like Brazil

I think it's world top 5 agricultural giant ; bigger than huge countries like Canada, Brazil, Australia and Russia - who practise world class agricluture to booth.

CSTRR:

You must be living in a fantasy of your own making.

Silly Kenyan with a GDP less than Lagos.

You think you can beat Lagos by selling tea and flowers.?

Lol.

rvp2018:
That is what Nigeria is telling everyone. Bigger than Brazil. Bigger than US. Almost equal to all the 28 EU nations plus Britain. All the food is eaten within Nigeria. Nobody has ever seen any ship exporting food. They also are world biggest importers of food.

You can imagine their appetite for all things food

Clown.

Due to recent policies, Nigeria is now the largest producer of rice in Africa.

Lagos State government is set to commission the largest rice Mill in the entire africa early this year.

Our population is beyond what a Kenya can imagine.
The people will need food.

Even our humongous production cannot satisfy such a market.

https://www.premiumtimesng.com/news/more-news/500267-imota-rice-mill-to-start-production-2022-sanwo-olu.html

The largest rice mill in Africa.

200M is not a lot of people. China and India each at 1.5B people - are just slighly above you in agri-sector. Food generally is cheap - that is why even though USA is agri giant - it's 2 percent of the sector. It has little value.

Just type top 10 countries in agricluture in the world.

Nigeria will show up.

WHy cannot you not be proud of this? Why do you want to copy Kenya

Because you and everyone knows that your statistics ARE BURE BS.

CSTRR:

Clown.

Due to recent policies, Nigeria is now the largest producer of rice in Africa.

Lagos State government is set to commission the largest rice Mill in the entire africa early this year.

Our population is beyond what a Kenya can imagine.
The people will need food.

Even our humongous production cannot satisfy such a market.

Your rice stats like everything remain cooked until you stop smuggling tonnes of rice from Thailand, India, Veitnam and such via Cameroon and Benin.

CSTRR:
https://www.premiumtimesng.com/news/more-news/500267-imota-rice-mill-to-start-production-2022-sanwo-olu.html

The largest rice mill in Africa.

rvp2018:
200M is not a lot of people. China and India each at 1.5B people - are just slighly above you in agri-sector. Food generally is cheap - that is why even though USA is agri giant - it's 2 percent of the sector. It has little value.

Just type top 10 countries in agricluture in the world.

Nigeria will show up.

WHy cannot you not be proud of this? Why do you want to copy Kenya

Because you and everyone knows that your statistics ARE BURE BS.

Well, China and India have GDPs in Trillions of dollars.

They have much higher resources than Nigeria and even then they import loads of food.

So relatively, it's the same kind of problem.

We can do much better of course.

But sorry, Kenya will never understand what it means to be a highly populated country.

It's a much different reality from the fantasy dreamlands of tiny sparse countries of East Africa living a kumbaya existence and with no real potential.