Stats: 3,186,271 members, 7,928,900 topics. Date: Friday, 23 August 2024 at 02:56 AM |
Nairaland Forum / Nairaland / General / Politics / Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode (1189907 Views)
Fayose Shuts Down Access Bank Branch Over Fani-Kayode's Wife's Detention / Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) / What Buhari Promised Nigerians Vs What He Has Delivered - Kenyans Blast Nigerian (2) (3) (4)
(1) (2) (3) ... (1639) (1640) (1641) (1642) (1643) (1644) (1645) ... (2512) (Reply) (Go Down)
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by vaxx: 3:02pm On Nov 15, 2022 |
Mkenya2019:cedis was not depreciating as you might blindly suggest, it is the dollar that was used all over the world that was fast appreciating, it is not compliance of the cedis used set by bank of Ghana among banks in Ghana , the bureau the changes and all other financial institution couples with hoarding dollars in foreign exchange account. Kenya has country is facing large debt stock just as many country having their currency depreciated, therefore your shilling is likely overvalued . Same thing some country did. You are only prolonging your problem. Imf had already told you, your currency is overvalued by something of more than 20 percent and they are all reasons to belive it is more than that. With the cedis , they're many indication suggesting cedis is not at is real value and it is under value (I will provide an evidence ) it is too much unnecessary demanding for the dollars keeping the cedis down. Dubai looks more beautiful in photos post than london , but nah , infrastructure wise , london is still way miles ahead . You check fact and data and not photos . Nothing shows nairobi is better position than Accra , unless in your head . Let's used the indicator of life like electricity, water access and good road as yardstick . 1 Like |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by GeneralDae: 3:22pm On Nov 15, 2022 |
rvp2018:Import is not the problem. Even South Africa and Egypt imports more than Nigeria. These three countries import the most but produce the most as well. No African country is a giant yet in terms of manufacture of finished goods (South Africa doing the most here) and Kenya is definitely not close. |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 3:30pm On Nov 15, 2022 |
I wish you can concentrate on the sick Cedis - because kenya and it's macro-economics are just pretty impressive. Currency, Inflation, Interest, name it are single digit. We only have problem with debt to gdp but it still below 70. When it come to Kshs - CBK job has been to ensure stability of currency - if it to depreciate - it does so slowly - because you want to avoid Ghana like panic now. CBK use to intervene to buy and sell forex whenever there was problem on the commercial forex market. Now it has allowed KSH to depreciate/devalue to 120 - which was the goal - and it's been done gradually - 1shs every month almost the last two years. IMF wanted it done "immediately" and CBK disagree - and they said ohoo KSH is managed - not free floating. Our biggest problem really was within East Africa - KSHS was become too strong and our exports were going down. Now explain to us why CEDIS has dropped - and dont hide behind other countries - because CEDIS as we speak is 150% down - and world worst currency - and all other indicators are screaming murder. Kenya is doing great. Ghana is in a midst of big crisis. Dont project. vaxx: |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 3:38pm On Nov 15, 2022 |
rvp2018:cedi goods has to be competitive in west Africa hence we can't keep having a highly valuable currency in the mist who can't afford ours, even in the mist of all the production advantages we have. Which means allowing the cedi to fall so we can get favorable market condition... Reason for cedi fall is because BOG intentionally took out lots of forex from the market as an intentional policy decision. Today Ghana export is 22 billion, that is going to hit 30 billion dollars by 2025.... Kenya is in the neck of a debt/financial crisis |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 3:43pm On Nov 15, 2022 |
Dont parrot things you dont know. You export nothing to the region - apart from electricity to Burkina faso. You top 10 export countries none is in West Africa. Kenya is different and almost unique because we trade 50% within Africa. Our biggest export destinations are our neighbeours - TZ/Uganda/etc It's in our interest to have weaker Kshs than them. But Ghana - weaken cedis with your large import - and zero export to the region - large debt in dollars. You're committing economic suicide as we speak. Your export mere 160K dollars worth of good to Nigeria and Togo - as we go further to top 20 countries. In short you're far from engaging in regional trade - as you LACK INDUSTRIAL CAPACITY Youre still export aluminimum, gold, oil and cocoa beans outside Africa. Just40: 1 Like |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by gallivant: 3:47pm On Nov 15, 2022 |
Just40: You have been asked not to deflect your financial crisis on others. We must enlighten you further... ![]() ![]() |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by vaxx: 3:47pm On Nov 15, 2022 |
rvp2018:just shut up , imf and every other notable financial institution are saying you over value your shillings by 20 percent and I have further belive if well scrutinized, it is way more than that. Just like I said you only prolonged your suffering while Ghana is already dealing with her own. Your balloon debt stock profile , expenditure mismanagement like the unnecessary trainline network that wasn't giving enough return to pay back itself are all front pointer indicating you are not doing well , and all every macro economy indications indicate that . China has added another 11 million dollar into your debt profile for refusing to pay on time . This are all bad indicators . From the horse mouth ... Jp morgan ( an independent american watch ""We now estimate the cedi to be over 15% undervalued. That said, even if a BoG [Bank of Ghana] course reversal on the FX purchase policy leads to a temporary reprieve, we expect USD/GHC to continue to trend weaken towards 15.5 by mid-2023. We remain on the sidelines due to the distortion of the FX market,” the analysis further said. 1 Like |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 3:49pm On Nov 15, 2022 |
rvp2018:You just keep posting thrash... Ghana is the 80th or so export country in the world... Where is Kenya...? East African countries are not export oriented... Explain how 11 billion dollars import is larger than 22 billion export. ![]() Are you drunk? Ghana 2 billion export to it neighbors is almost half of Kenya goods export. 1 Like |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 3:53pm On Nov 15, 2022 |
Exporting gold has zero multiplier. You can export 10B dollars worth of gold - only Anglo Ashanti & your naive corrupt gov will feel some impact. Exporting 500M worth of apparel like we do to US...huge multiplier. We have to engage 100,000 people to stich those apparels and export to US. That is difference Exporting horticultural goods - huge multiplier - these are so called industries without smoke because of the value chain. Our 7 Billion of export has a MULTIPLIER close to 10. That turns 7 Billion to 70B. Your exporting raw extracted mineral...multiplier is almost 1-2 - zero impact. Apart from Cocoa beans - which you need to improve on. Economy end of the day is velocity of money - how you make the same money touch many people hands. Gold mine straight to Anglo Ashanti or Oil well straight to SHELL - very little impact. That is why Nigeria and Africa is very poor. The extractive sector has little multiplier...Asians take your minerals - have many people touching it - getting employed by it - creating VALUE out of it. Just40: |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 4:00pm On Nov 15, 2022 |
KShs was said to be over-valued way back in 2019 I think - because it had stubborn stuck at 85-100. CEDIS has depricated now to 157% - and there is no end in sight. IMF deal unlikely until march earliest. By then your economy will be dead like Sri Lanka. What will stop the panic now? Who will restore confidence in CEDIS? Now that IMF will take time. vaxx: |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 4:02pm On Nov 15, 2022 |
rvp2018:keep making up shit in your head... Your economy has no positive effect on Kenyans, hence the increasing unemployment in Kenya and a lesser share of the middle class.... If your economy had a trickle down effect, like Ghana has, Kenya middle class will not be a mere 13% of population but around 50% like GHANA. |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 4:04pm On Nov 15, 2022 |
rvp2018:Compare to the kshs... The cedi has more confidence Evidence is in the capital flight from or to both countries... ![]() No one has confidence in your kshs hence the 6.5 billion dollars capital flight from kenya Also, Ghana is in no rush for an IMF program.... In fact we are the one not ready to send an intent letter to engage the fund. Next joke |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 4:06pm On Nov 15, 2022 |
Export are important but more important is what you're exporting. Veitnam export bikes of 12B dollars - it more valuable than your gold. Understand the economic multiplier - and why countries focus on industries - tradiitonal manufacturing and now industries without smokes Just40: |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 4:07pm On Nov 15, 2022 |
Youre the joke. The cedis will continue to depreciate until your joker of gov face the reality. Just40: 1 Like |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by gallivant: 4:07pm On Nov 15, 2022 |
Just40: You are a joke! Your currency is the worst performing in the world madman. ![]() |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by gallivant: 4:09pm On Nov 15, 2022 |
Just40: Don't project your economic woes. It's embarrassing. Ghana rank 1st in food prices in Africa Read here: ![]() ![]() https://www.google.com/amp/s/www.bbc.com/pidgin/articles/cjjvl9x253qo.amp |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 4:12pm On Nov 15, 2022 |
And tomorrow it will get worse. Earliest we can see a change in March next year. That mean they are likely to overtake Zimbwabwe - a feet no one has managed to have achieve so far. gallivant: 1 Like |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 4:12pm On Nov 15, 2022 |
rvp2018:yes because 12 billion is greater than our 7 billion fold export. I just explained what trickle down economy is to you ... It is reflective of why unemployment is higher in Kenya than in Ghana. It is also reflective of why the middle class in Ghana is larger than in Kenya and it is also reflective of why poverty is higher in Kenya than in Ghana. When you have a trickle down economics growth, all those above listed are affected positively |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 4:13pm On Nov 15, 2022 |
Of 7B - how much does it trickle down - and how much do Ashanti Gold keep in South Africa and New York. Trickle down is failed economics. It doesnt work. Your gov get royalties and have to distribute it back effeciently What works is those 12B bikes - are made by army of Veitnames workers - transports - logistis - even the hotels cooking for workers. Just40: |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 4:15pm On Nov 15, 2022 |
rvp2018:Which will be good for our economy and export value Next joker |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 4:17pm On Nov 15, 2022 |
I expect most of export to soon dry up as cost of doing business become impossible. Ask Sri Lanka or Lebanon. In Lebanon the presidency is now vacant - nobody want it - you can go there and grow their economy and export value By march next year - the Ghana current gov would have been run out of town - and military maybe running string to avoid riots and laweslness Just40: 1 Like |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Wuoche: 4:19pm On Nov 15, 2022 |
obaaderemi: GDP per Capita is not money in the Pocket. Idiot. 1 Like |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Wuoche: 4:22pm On Nov 15, 2022 |
GeneralDae: 40% of 220M is how many? What about 35% of 52M? 1 Like |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by vaxx: 4:27pm On Nov 15, 2022 |
rvp2018:I just slapped you with evidence that cedis is undervalued. Good you are not arguing with fact as S and P credit agency also indicates. Now let's talk about kenya shilling. moody further claim and attest to Imf in 2022 Your cbk knows even with just a dollar deprecation , your debt stock profile increases, your currency is managed to put the debt stock at minimum cus you already exceeded your borrowing chances. It is another corruption in your financial system . You already have a debt profile like Nigeria + A country five times bigger than you ) what madness. We already have Imf and our gold by our sides., This is not a republic of tea and flower 2 Likes |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by gallivant: 4:30pm On Nov 15, 2022 |
Just40: You are just a clown. We will fix that.. ![]() |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by vaxx: 4:32pm On Nov 15, 2022 |
gallivant:Yes when it is measured against the dollar price at which he was currently sold against previous year not actual price against the dollar . It way below that of kenya . 1 Like |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by gallivant: 4:34pm On Nov 15, 2022 |
vaxx: The World Bank must be lying then.. ![]() ![]() |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 4:36pm On Nov 15, 2022 |
rvp2018:95% of all mineral export receipt are retained in Ghana... Infact all mining firms at the moment have been pumping more money into development than they are currently making. If trickle down wasn't working like Australia, Brazil and Mexicao will still be poor today but because it work, so many of their citizens have been lifted out of poverty.. There are 40,000mine workers in Ghana and their activities support the livelihood of 4.5 million Ghanaians.... There are less than 10,000 bicycle factory workers. Trickle down economics has failed in Kenya because Kenya has focused of fake data reporting and fraud rather than sound economics... There's no reason why you should grown at more than 5% for 10 years without an explosion in the size of your middle class or a significant reduction in poverty. |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by vaxx: 4:37pm On Nov 15, 2022 |
gallivant:it is you that fails to understand . Prices are compared based on yearly figure . As at now , Ghana price has gone up with the previous year more than his counterpart . But when you placed the valued on the same figure with that of kenya as at now, food is cheaper in Ghana . 1 Like |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by gallivant: 4:38pm On Nov 15, 2022 |
vaxx: Can you prove it? With sources please. ![]() |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 4:41pm On Nov 15, 2022 |
rvp2018:Fortunately... Our export is increasing at a greater percentage as we keep attracting large amount of FDI.. Most of the new factories established recently have already started exporting ... In 3 years, our export will be hitting 30 billion dollars and our import is expected to from by 2 billion. Nice dreams ![]() ![]() Your dreams are just like the realities facing Ruto.. he is now reneging on all his pledge to your hustler economy ![]() ![]() No more free lunch like he promised. He is already giving the port to China I pray kenya come out of the debt crisis which we all know will take 10 years sooner because the rate at which it has driven Kenya into deep stagnation with no govt spending is insane and a disaster because the Kenyan govt is the largest spender in the Kenyan economy. |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by gallivant: 4:44pm On Nov 15, 2022 |
vaxx: In Africa right now, food and basics is most expensive and out of reach in Ghana. All the information is here. ![]() ![]() ![]() ![]() |
(1) (2) (3) ... (1639) (1640) (1641) (1642) (1643) (1644) (1645) ... (2512) (Reply)
Anambra light of the nation, eastern economy power house. / Enugu, The Pride Of The East. / Update on developments in Anambra state-photos
Viewing this topic: 2 guest(s)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 86 |