Shma:

Oil, gold, silver, diamond name it.

Automobile exports is as big as platinum which if SA largest export

It's not a desire to trade.
It's a desire to live or perish.
This true in almost every africa or poor country.
People have to EKE A LIVING.
Informal sector is huge -but it get measured - to large extent -
Maybe the food you grow and consume in your farm is hard to measure but pretty much everything else you have to buy with money.

GeneralDae:

But our informal sector is bigger than most African countries because of our population and desire to trade, and even those who are working formally with good pay may do trading by the side. So it's like comparing apples with oranges.

Shma:


What has per capita got to do with a huge population? If your GDP is rigged, then it will still reflect in your per capita.

HDI is the real deal.

Rigged GDP huh?

A GDP known bodies like IMF and world bank approves?

Now, let me ask you, do you know better than big bodies like World Bank and IMF?

Yes or No?

Taxes are short but the insults are long.
Nigeria is not unique - it should trend at least with other poor African countries like Burundi or Somali or South Sudan.
At least do 10 percent tax to gdp.
But six percent...it huge outlier.
Meaning GDP is over-estimated.

dreamxhaser:


Stop saying nonsense; major bodies know that Nigerian GDP is undervalued you fool.

Regarding the banking sector you are trying to hide behind, only about 40% of Nigerians use banks. Must of my tribesmen in the north don't. In fact I know of a whole LGA that doesn't have a bank.

Now imagine If at least 70% of our population should be active in banking

rvp2018:
I have done my homework for years. Your agriculture data is guesswork from Abuja's Stats office.

So you know better than world organisations responsible for data collection right?

So you think they didn't do their homework too

dreamxhaser:


Rigged GDP huh?

A GDP known bodies like IMF and world bank approves?

Now, let me ask you, do you know better than big bodies like World Bank and IMF?

Yes or No?

Now, let me ask you, do you know better than big bodies like World Bank and IMF?

Yes or No? YES.

Your GDP is rigged. Let's try HDI.

IMF or WB doesnt have anything to do with GDP calculation. That is unilateral activity by Nigeria Stats Office. If you were to become broke like Ghana - then they will come and probably ask you to redo it. But look like nobody is willing to lend to Nigeria - so it very unluckly Nigeria will come to IMF class of hard knocks soon

dreamxhaser:


Rigged GDP huh?

A GDP known bodies like IMF and world bank approves?

Now, let me ask you, do you know better than big bodies like World Bank and IMF?

Yes or No?

GeneralDae:

It's no contest at all. Even without seeing this data, I knew in terms of manufacturing, only South Africa would be quite ahead while we compete with Morocco (known for her industries and manufacturing) and Egypt (powerhouse of North Africa).

Yes, and with the infrastructure, agriculture, and industrial estates the government are pinning down. I think we will be far ahead in a few years.

rvp2018:
IMF or WB doesn't have anything to do with GDP calculation. That is the unilateral activity by Nigeria Stats Office.

No little Indian

IMF and the world bank will surely do their homework to debunk countries running on fake states.

So do you know better than those Organisations that approved Nigerian GDP to be legit?

Yes or No

Shma:

Equating soweto and Africa was unnecessary.
Secondly, those names in SA are of towns and villages, not city or country names.
Thirdly, don't take offense on names, it's all about embracing African brotherhood.
Lastly, Kenya is just famous worldwide. This is Canada

We embrace the whole world not just Africa.

I'm not equating anything here, stop being insecure.

There are municipal district named after Africa presidents, town/cities named after Russian ones... Finding a place called Gaddafi in SA is not shocking never mind a street named after a lake in Ireland or a state in America.


We embrace the world

I have worked for World Bank.

dreamxhaser:


No little Indian

IMF and the world bank will surely do their homework to debunk countries running on fake states.

So do you know better than those Organisations that approved Nigerian GDP to be legit?

Yes or No

Shma:


Now, let me ask you, do you know better than big bodies like World Bank and IMF?

Yes or No? YES.

Your GDP is rigged. Let's try HDI.

HDI is education, life expentancy and income.


Those 3 can't be used to measure development alone

Kikuyu1 often lied to us with his West African slave trade stories,
Today I discovered East Africans had it worst, and sadly they still practise slave trade till date,
Almost about 300k Kenyas are in some form of slavery in 2022.
17.5million East africans were sold into slavery(still counting)
Compared to
11.5 million Africans.

Why do Kenyans lie with so much passion.
One would think @kikuyu1 was right to call west africa, slaves.
At least they were ferried to Europe and America, on like the East african slaves ferried to Oman, Qatar, Kuwait ,Saudi and such poor countries then.
Pathetic to say the least.

The last pic is not in anyway to spite Kenya as a whole as such no one should speak evil of it, just look and pass.
It's for kikuyu1, sir/bro kindly tell me what you feel and think about it.



Compare the stats below.

Shma:


Now, let me ask you, do you know better than big bodies like World Bank and IMF?

Yes or No? YES.

Your GDP is rigged. Let's try HDI.

Sorry I ain't trying anything with you.

You know why? Well, it's because you don't know better than the Phd holders from around the world working at IMF and World Bank.

But I can change my mind on the condition that you disapprove any world statistics in favour of your country both economic and infrastructure wise.

rvp2018:
I have worked for World Bank.

You have (if true), but you no longer as more competent people than you do

Shma:

Equating soweto and Africa was unnecessary.
Secondly, those names in SA are of towns and villages, not city or country names.
Thirdly, don't take offense on names, it's all about embracing African brotherhood.
Lastly, Kenya is just famous worldwide. This is Canada

Known?

GDP is easiest of maths out there. Done by anyone who can count and multiply. It simply getting production figures of all economic activities times the prevailing market price. VERY EASY

dreamxhaser:


Sorry I ain't trying anything with you.

You know why? Well, it's because you don't know better than the Phd holders from around the world working at IMF and World Bank.

But I can change my mind on the condition that you disapprove any world statistics in favour of your country both economic and infrastructure wise.

AfriqueDuZuid:


HDI is education, life expentancy and income.


Those 3 can't be used to measure development alone

When he disaproves the legitimacy of the world bodies calculating stats like HDI and others in favour of his country, I will take him seriously.

rvp2018:
IMF or WB doesnt have anything to do with GDP calculation. That is unilateral activity by Nigeria Stats Office. If you were to become broke like Ghana - then they will come and probably ask you to redo it. But look like nobody is willing to lend to Nigeria - so it very unluckly Nigeria will come to IMF class of hard knocks soon

If anything, Nigerian stats office has thrown out more humbling data against Nigeria. Same stats office once said 70% of the population live in poverty which was definitely not the reality at that time (2014). The reality it's that it's 40%. Most if not all of the data you quote to undermine Nigeria comes from thesame body.

Shma:


What has per capita got to do with a huge population? If your GDP is rigged, then it will still reflect in your per capita.

HDI is the real deal.

GDP is about economy, hdi is about human?

They're two different things, don't interchange them.

rvp2018:
GDP is easiest of maths out there. Done by anyone who can count and multiply. It simply getting production figures of all economic activities times the prevailing market price. VERY EASY

So since you know it's the easiest of maths out there, why would the Nigerian body lie about it without worrying about getting called out by top economists and world bodies?

rvp2018:
GDP is easiest of maths out there. Done by anyone who can count and multiply. It simply getting production figures of all economic activities times the prevailing market price. VERY EASY

Yes but easy maths are easy to debunk when the solution used to derive an answer isn't right because it is an easy problem after all.

So do you think World Bank and other legit bodies haven't done their homework on a very easy maths like GDP?

Do you know better than than the hundreds of economics and math professionals working there?

rvp2018:
GDP is easiest of maths out there. Done by anyone who can count and multiply. It simply getting production figures of all economic activities times the prevailing market price. VERY EASY

u're a mad man.

IMF/WB just offer technical assistance - but doesn't supervise what you collect or how you collect. WB for example funded me to go to Rwanda and help them design their household economic survey forms - my colleague was in west africa helping wb roll out microdata - wb tool - otherwise it your own National Stats Office in Abuja that decide how estimate your own economy. I believe their estimation is overcooked.

dreamxhaser:


You have (if true), but you no longer as more competent people than you do

dreamxhaser:


When he disaproves the legitimacy of the world bodies calculating stats like this favour of his country, I will take him seriously.

Is does not speak of development of a country.

It speaks on human development,

The life expectancy can be up or down due to various factors so if malaria, denge, yellow, ebola hits it decreases it

AfriqueDuZuid:


HDI is education, life expentancy and income.


Those 3 can't be used to measure development alone

The only thing you're displaying here is ignorance. Development is relative - don't rush to answer things you don't understand. you've displayed an act of dimwittedness just by dropping this post. You're arguing for ego & defensive sake. Learn.

"""The Human Development Index (HDI) is a summary measure of average achievement in key dimensions of human development: a long and healthy life, being knowledgeable and have a decent standard of living. The HDI is the geometric mean of normalized indices for each of the three dimensions.

The health dimension is assessed by life expectancy at birth, the education dimension is measured by mean of years of schooling for adults aged 25 years and more and expected years of schooling for children of school entering age. The standard of living dimension is measured by gross national income per capita. The HDI uses the logarithm of income, to reflect the diminishing importance of income with increasing GNI""""

To me, I prefer HDI.

If you claim to produce 10 million tonnes of Yam selling at 1000 naira - how will IMF or WB dispute that?

dreamxhaser:


Yes but easy maths are easy to debunk when the solution used to derive an answer isn't right because it is an easy problem after all.

So do you think World Bank and other legit bodies haven't done their homework on a very easy maths like GDP?

Do you know better than than the hundreds of economics and math professionals working there?

rvp2018:
IMF/WB just offer technical assistance - but doesn't supervise what you collect or how you collect. WB for example funded me to go to Rwanda and help them design their household economic survey forms - my colleague was in west africa helping wb roll out microdata - wb tool - otherwise it your own National Stats Office in Abuja that decide how estimate your own economy. I believe their estimation is overcooked.

How can they offer technical assistance without doing a research of what's on ground themselves?

theenchanter:
GDP is about economy, hdi is about human?

They're two different things, don't interchange them.

I know. That's why I clearly stated that I prefer HDI - if measuring a countries prowess is something to go by.

rvp2018:
If you claim to produce 10 million tonnes of Yam selling at 1000 naira - how will IMF or WB dispute that?

Do will do that by making their research like the way a Kenyan like you claim to have done.

But the only difference is theirs is carried out by professionals not some individuals with quack knowledge of economics living somewhere in Nairobi

GDP in it's simplest form is production and prices.
It's upon Nigeria gov to collect or estimate production of say rice.
And their prices.
Now tell me how would you go about estimating total rice production in Nigeria?
Maybe ask each state for their rice production?
Maybe ask the rice millers for how much rice paddies they received from farms
Maybe you get satellite imagery of the farms and estimate their yields?
Maybe do random survey of farms and market places?
Maybe just do wild guess like Nigeira

Cooking GDP is not a new thing - USSR/China/ communist states use to do this - while it was obvious the rosy figures were not reflecting on the ground - as people were dying from hunger.

dreamxhaser:


How can they offer technical assistance without doing a research of what's on ground themselves?

Shma:

I know. That's why I clearly stated that I prefer HDI - if measuring a countries prowess is something to go by.

that's your own preference and u can force it on others.