gallivant:
Confession time..

AfriqueDuZuid:

Obaaderemi2:
Kenya's economy is very small, even with all the atrocious cooking it stubbornly remains small.

rvp20182:
Nigeria economy if you use the real USD rate (750 Naira to USD) is half - about 200-250B - as I told you. Of course, you have Ghanian madness, where because Nigeria GDP is overcooked, you think everyone has cooked.

There are many ways to counter-check, validate and cross-reference data - and know what is cooked or not.

For example - Nigeria total banking asset is about twice Kenya (55-60B for kenya versus 100-110 for Nigeria) - Cement consumption about twice big (10M versus 20M)- name it. Check total telcom revenues from MTN, Glo, Airtel - compare to Safcom/Airtel/Telkom in kenya - about twice as big.

Conclusion - Nigeria real GDP is 200B - at best 250B.

South Africa or Egypt are real Africa giants - with 400B dollar economy - Nigeria is 3rd with 200-250B - followed by Algeria with 180-200B.
Kenya is 110-120B range.

rvp20182:
Unlike the criminally minded Nigerians and Ghanians - Kenya is going to leverage it well earned reputation as hardworking well educated law abiding global citizens to export labour.

Kenya will aim to send 250K workers to German. The Canada, US, UAE, Saudi and seven other countries.

President Ruto announced that during an upcoming visit by the Chancellor of Germany, one of the treaties to be signed will include an agreement to provide labour in the European nation.

He noted that similar agreements will be pursued for Canada, the United States, the U.A.E, Saudi Arabia and seven other nations. Adding that the revenue collected from Kenyans in the diaspora (over Sh400 Billion/year) surpasses revenue from tea exports.

GeneralDae:

This doesn't make sense. The wide gap between official and parallel market began properly during COVID-19 in 2020. Before then, Nigeria was still a 400-500 Billion dollar economy just like it was in 2015.
GDP doesn't automatically deplete with exchange rate depletion. It doesn't work that way.

If an economy is big, a deplete in dollar rate could sometimes also likely correspond to a measurable increase in the rate of the local currency.

For example, revenues we were making in dollars in 2015 is almost thesame as the revenues we are making now in dollars, but in naira we have quadrupled that revenue. Same thing with trade in naira. Everything eventually balances out.

There are losses we suffer from the defending the official rate and a huge loss of foreign investors in our stocks and general market as well. If we unite the exchange rate or push it to 550 naira, we would stop defending the naira with millions of dollars from our foreign reserves and foreign investment climate would go back to 2019 levels. GDP stabilizes back to 500 Billion dollars.

rvp20182:
Freely float the Naira and you'll know the it's real value - and of course the nominal GDP of Nigeria.
The rest of the mumbo-jumbo you're writting dont make much sense.

As of now we know Naira is being artificially inflated - which artificially overstate the nominal GDP of Nigeria.

GeneralDae:

The reason we are not floating the naira is to continually control our foreign debt. If we remove fuel subsidy, even when we float the naira, it would fall back to around 550 naira which is the most likely real rate.

rvp20182:
Freely float the Naira and you'll know the it's real value - and of course the nominal GDP of Nigeria.
The rest of the mumbo-jumbo you're writting dont make much sense.
As of now we know Naira is being artificially inflated - which artificially overstate the nominal GDP of Nigeria.

Again there are many ways to cross-validate or cross-reference Nigeria and Kenya GDP that shows Nigeria at best is 2. something bigger than kenya.

GeneralDae:

Kenya with a total export of just 7.15 Billion dollars in 2021 ( with approx 50 million in population) can't be just 2. something less than Nigeria in GDP. What's your total trade volume? Too small. Your food production? Abysmal.

rvp20182:
Nigeria total imports is around 50B; Kenya total imports 20B; - 2021 seems to be 52B versus 22B.
Nigeria total exports (oil is 95% of it) is 47B; Kenya total export is 11B;

rvp20182:
Nigeria economy if you use the real USD rate (750 Naira to USD) is half - about 200-250B - as I told you. Of course, you have Ghanian madness, where because Nigeria GDP is overcooked, you think everyone has cooked.

There are many ways to counter-check, validate and cross-reference data - and know what is cooked or not.

For example - Nigeria total banking asset is about twice Kenya (55-60B for kenya versus 100-110 for Nigeria) - Cement consumption about twice big (10M versus 20M)- name it. Check total telcom revenues from MTN, Glo, Airtel - compare to Safcom/Airtel/Telkom in kenya - about twice as big.

Conclusion - Nigeria real GDP is 200B - at best 250B.

South Africa or Egypt are real Africa giants - with 400B dollar economy - Nigeria is 3rd with 200-250B - followed by Algeria with 180-200B.
Kenya is 110-120B range.

GeneralDae:

This is not factual. Non oil export does an average of 20- 25%. In 2021, it was 22%.

maidaboi:
WOW what a bunch of nonsense
whatever makes you sleep at night

68816419:
The only man that would dethrone Dangote

gallivant:
Nairobi

rvp20182:
Naira is overvalued - that overstate the nominal GDP - which is in USD. This is common sense 101.

Some economist think it's overvalued by 20%. I think it's close to 50%.

First indicator - is black market rate which is widely used in Nigeria and is the REAL exchange rate - official rate is 450 - black market rate is 750.

Then sweatheart USD rate for Nigeria Northern Business elite who have captured Abuja.

https://www.bloomberg.com/news/articles/2022-10-18/naira-likely-to-be-devalued-by-20-in-2023-bank-of-america-says

GeneralDae:

Why is this Bridge always empty? Since it was built it's been this way.

GeneralDae:

Why is this Bridge always empty? Since it was built it's been this way.

Just40:
People can't pay to use 😂🤣

gallivant:


Born to kiss @ss.

Just40:
Kiss Kenya ass? Impossible 😂

Just40:
People can't pay to use 😂🤣

theenchanter:
and u want to make heaven abi? Come make I see u.🤣🤣🤣