Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,205,390 members, 7,992,252 topics. Date: Saturday, 02 November 2024 at 08:46 PM

Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode - Politics (2153) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode (1241712 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) ... (2150) (2151) (2152) (2153) (2154) (2155) (2156) ... (2518) (Reply) (Go Down)

Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp20182: 4:48pm On May 08, 2023
It depends. If you were exceeding your OPEC quotas - definitely refining would be profitable.
For now all the refining profit - will go to Dangote - as he is choking in debt - and need to repay 26b dollars.

So Nigeria need to race towards overproduction of crude oil - so the excess beyond OPEC quotas - can be directed to Dangote.

Oil has not much future in the next two decades.

GeneralDae:

Refined crude (PMS, Diesel, Petrochemicals) and just raw crude, which is more profitable?
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Obaaderemi2: 4:54pm On May 08, 2023
GeneralDae:

If it would start immediately after the inauguration, I don't think it would operate at full capacity ( that is most likely 2024), but if it begins by producing 350,000 bbd while we keep working on our existing refineries, then it's no problem.

We produce around 1.3 million bpd crude as at March 2023. We can give Dangote 300,000 bbd to supply the Nigerian market in naira until 2024 and we sell 1 million bpd to the international market, which is a win win.

Note: Dangote would not only produce petrol but Diesel and petrochemicals.

Nigerian Government also has a 20% stake in it in a PPP.
It's a win win situation for Nigeria. Landing cost and importing other countries' taxes will be a thing of the past and there will also be export of petrochemical products to earn forex, and of course jobs will be provided for thousands.

Forget what that ignorant little Indian is saying.

3 Likes

Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by ItooWorWor(m): 4:55pm On May 08, 2023
rvp20182:
5 dollars per 50kg bag...around 600shs at retail price - 450 shs at wholesale.
10 dollars in Nigeria for similar bag - more than 4000 naira at retail.

Those are facts easily to check.

Dangote is kiling your economy and you're here celebrating.


Lies Kenya cement sales for more than 600ksh at retail.


And where did you get 10dollar for Nigeria cement
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by ItooWorWor(m): 4:57pm On May 08, 2023
rvp20182:
It depends. If you were exceeding your OPEC quotas - definitely refining would be profitable.
For now all the refining profit - will go to Dangote - as he is choking in debt - and need to repay 26b dollars.

So Nigeria need to race towards overproduction of crude oil - so the excess beyond OPEC quotas - can be directed to Dangote.

Oil has not much future in the next two decades.


Says who
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp20182: 5:01pm On May 08, 2023
Price of Dangote cement for 50kg (1 bag) – NGN 3,600 – NGN 4,500.

Kenya cement is 600shs - 5 dollars.

ItooWorWor:


Lies Kenya cement sales for more than 600ksh at retail.


And where did you get 10dollar for Nigeria cement
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by GeneralDae: 5:03pm On May 08, 2023
rvp20182:
It depends. If you were exceeding your OPEC quotas - definitely refining would be profitable.
For now all the refining profit - will go to Dangote - as he is choking in debt - and need to repay 26b dollars.

So Nigeria need to race towards overproduction of crude oil - so the excess beyond OPEC quotas - can be directed to Dangote.

Oil has not much future in the next two decades.

26 Billion dollars debt? Lol. Dangote himself has spent over 7 Billion dollars on this project.

95% of the lenders are Nigerian Banks and at least 75% of the funds come from Nigerian Banks whose CEO's are Dangote's business cliques. So no much pressure as they could decide to reduce their interest rates through negotiations.
This is the advantage because there is very little funding from outside Nigeria.

Dangote already agreed with Nigerian Government a few years ago to buy a part in naira and supply that part in naira.

Oil has not much future in 20 years? Lol.
Don't be fooled, oil would be relevant in the next 50 years.

3 Likes

Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp20182: 5:06pm On May 08, 2023
You think Dangote spend his 7 billion without expecting to earn profit.

Continue with Oil - you've been at it - since 1950s - with little to show for it.

Kenya we have officially discontinue oil exploration and production.

We are going to become Africa 1st Net Zero carbon emitter.

Oil has no future - wait until all the cars become electric.

GeneralDae:

26 Billion dollars debt? Lol. Dangote himself has spent over 7 Billion dollars in this project.
95% of the lenders are Nigerian Banks whose CEO's are Dangote's business cliques. So no much pressure as they could decide to reduce their interest rates through negotiations.
Dangote already signed with Nigerian Government to buy a part in naira and supply that part in naira.

Oil has not much future in 20 years? Lol.
Don't be fooled, oil would be relevant in the next 50 years.

1 Like

Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp20182: 5:08pm On May 08, 2023
By 2030 - China would have turned half their cars to EV - Europe and others will be on it too.

Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by gallivant: 7:26pm On May 08, 2023
Estimates, please don't attack the messenger. smiley



Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Kazikazi: 7:36pm On May 08, 2023
gallivant:
Estimates, please don't attack the messenger. smiley



son,take out Sudan.it's a shithole. South Sudan they must pray the oil pipeline shouldn't be attacked,if the pipeline is attacked, then we will have 2 shitholes manufacturing refugees like no man's business
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 7:51pm On May 08, 2023
A booming real estate sector with focus on the upper end multifamily units and a booming manufacturing sector.


https://www.youtube.com/watch?v=YBS9DodCZNc

https://www.youtube.com/watch?v=HN7M5DRGKis

Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 7:54pm On May 08, 2023
rvp20182:
By 2030 - China would have turned half their cars to EV - Europe and others will be on it too.
Cars a not the largest consumer of fuel

Plus Africa will keep using combustion engine for 100 years to come
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 8:27pm On May 08, 2023
The largest automotive plant in Ghana with a 70,000 capacity


https://www.youtube.com/watch?v=YbdJSzshiXc

2 Likes 1 Share

Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 10:27pm On May 08, 2023
How Cassava became a global food product


https://www.youtube.com/watch?v=zVtlR4cwqRs
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by ImpregnaTor(m): 10:58pm On May 08, 2023
rvp20182:
Nearly all Africa states are in some state of failure. Only Zoomalia and Zoogeria are in such state of dysfunctional they are literally a zoo.

South Africa - the most advanced - has 40% unemployment problem - and cant even discuss it - as they are right now in darkness dealing with load shedding.

I love this guy grin

He seem to know a lot

When will Nigeria take off? Honest prediction
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by samorobo: 11:06pm On May 08, 2023
rvp20182:
Dangote refinery was supposed to be completed in 2019 - now we in 2023 - and has overshoot the cost - by 10B dollars.
I am not sure what excitement is about - Dangote will rip Nigeria apart.
And in terms of forex impact - Zero impact - Dangote will take your crude oil that was be exported - add value by refinery.
So you'll have less forex from export of crude - and you'll save from importing from India and rest.

And where you problems begin - Dangote like to sell more expensive than if you had imported from efficient refiners.


No let me put it plainly and unapologetically.

Dangote refinery will save our forex
Dangote refinery will SAVE our economy and boost it beyond the scope your mind can fathom
Dangote refinery will save Africa’s economy most especially the west.
Dangote refinery will make us net exporter of refined crude oil.
Dangote refinery will host our gas supply and power generation.
Dangote refinery will provide up to 500k jobs.
Dangote refinery will skyrocket our GDP.


Any more lectures or are you comfortable in dwelling in that dark reality that guarantees your peace of mind.
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by samorobo: 11:07pm On May 08, 2023
rvp20182:
How is Nigeria now when it produced it own cement versus when it imported.

Are you buying cement at almost twice kenya.

Use your brain Dangoteland slave.


Bla de bla of a goat.
Thou child of hate dangote refinery is saving Nigeria and Africa. The whole world knows this,free your mind off that hate and doom and try breathing for once in your life
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by AfriqueDuZuid: 12:12am On May 09, 2023
rvp20182:
Nearly all Africa states are in some state of failure. Only Zoomalia and Zoogeria are in such state of dysfunctional they are literally a zoo.

South Africa - the most advanced - has 40% unemployment problem - and cant even discuss it - as they are right now in darkness dealing with load shedding.


It's actually 32% now
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp20182: 5:12am On May 09, 2023
ImpregnaTor:
I love this guy grin

He seem to know a lot

When will Nigeria take off? Honest prediction
2060..southern Nigeria can take off today if gov fixes electricity,insecurity and basic infrastructure. The north is hopeless.North need to stop breeding like rats n to start going to proper schools..not madrassa.
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp20182: 5:17am On May 09, 2023
Kenya outward investment at 2 billion dollars..now focused to Ethiopia..from usual Tanzania and Uganda.I believe outside of fast retreading South Africa Kenya is sub Sahara biggest internal investor.Nigeria I doubt has the depth and consistency outside banks and dangotes.https://nation.africa/kenya/business/ethiopia-topples-uganda-tanzania-for-kenya-investments-abroad-4227900
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp20182: 5:20am On May 09, 2023
AfriqueDuZuid:


It's actually 32% now

10 percent have given up looking for jobs..expanded unemployment is 43%.South Africa continues to self imolate.
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Obaaderemi2: 6:43am On May 09, 2023
rvp20182:
Kenya outward investment at 2 billion dollars..now focused to Ethiopia..from usual Tanzania and Uganda.I believe outside of fast retreading South Africa Kenya is sub Sahara biggest internal investor.Nigeria I doubt has the depth and consistency outside banks and dangotes.https://nation.africa/kenya/business/ethiopia-topples-uganda-tanzania-for-kenya-investments-abroad-4227900
Your investment in Ethiopia is about $500m and it's mainly banking and safaricom.
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Obaaderemi2: 6:46am On May 09, 2023
ImpregnaTor:
I love this guy grin

He seem to know a lot

When will Nigeria take off? Honest prediction
He doesn't know anything. When Kenya was borrowing and spending the loans like a drunken soldier we told him his country was borrowing to pay salaries and would soon be broke. He wrote lengthy articles to counter us. Now Kenya owes salaries and is on the brink of default.
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by AfriqueDuZuid: 7:05am On May 09, 2023
Just40:
The largest automotive plant in Ghana with a 70,000 capacity


https://www.youtube.com/watch?v=YbdJSzshiXc

CAPACITY

key word
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by AfriqueDuZuid: 7:27am On May 09, 2023
7
rvp20182:
10 percent have given up looking for jobs..expanded unemployment is 43%.South Africa continues to self imolate.

On all countries those who have given up is not included in the official unemployment rate.

Many countries include the informal sector employment including kenya

South Africa does not, it uses the International standards used by major economies
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by AfriqueDuZuid: 7:31am On May 09, 2023
rvp20182:
Kenya outward investment at 2 billion dollars..now focused to Ethiopia..from usual Tanzania and Uganda.I believe outside of fast retreading South Africa Kenya is sub Sahara biggest internal investor.Nigeria I doubt has the depth and consistency outside banks and dangotes.https://nation.africa/kenya/business/ethiopia-topples-uganda-tanzania-for-kenya-investments-abroad-4227900

SA investment is only beat by only USA, China, UK, france, Germany i think also Netherlands UAE
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by AfriqueDuZuid: 7:36am On May 09, 2023
rvp20182:
Kenya outward investment at 2 billion dollars..now focused to Ethiopia..from usual Tanzania and Uganda.I believe outside of fast retreading South Africa Kenya is sub Sahara biggest internal investor.Nigeria I doubt has the depth and consistency outside banks and dangotes.https://nation.africa/kenya/business/ethiopia-topples-uganda-tanzania-for-kenya-investments-abroad-4227900

Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp20182: 7:36am On May 09, 2023
Obaboon, you are really trying to shine smiley
Let get some facts right.
1) Debt is not a problem. It's a leverage.
2) Uhuru regime in 2013 - inherited debt at very low levels - 40% or so to gdp - with debt servicing at 24% - that is what Kibaki handed him.
3) Uhuru was right to borrow - until 2018/2019 - when we started crossing 50% to debt gdp - 30% debt servicing ratio.
4) From 2018/2019 - I told Uhuru gov to go slow - to switch to debt refinancing or debt management - basically borrow to repay loans.

When it come to Nigeria - you debt problem has always been an issue - delayed salaries and unpaid pension are as old as Nigeria.

Evidence is here in this thread - 2019 this is what I said - way before covid.

Obaaderemi2:
He doesn't know anything. When Kenya was borrowing and spending the loans like a drunken soldier we told him his country was borrowing to pay salaries and would soon be broke. He wrote lengthy articles to counter us. Now Kenya owes salaries and is on the brink of default.

1 Like

Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 7:41am On May 09, 2023
AfriqueDuZuid:


CAPACITY

key word
Definitely

Another Kenya wording is, they will produce 30,000 cars in operational year 2023
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp20182: 7:42am On May 09, 2023
Obaboon, now that you have my attention. If I recall from 2018 - everyone in kenya with half a brain - knew kenya was once again starting to go back old 1990s (Nigeria is permanently stuck in a mess - you wont know).

We told Uhuru to stop borrowing - and focus on debt management. But well he wanted to steal before he retired - so didnt do quite a good job in managing our back

Let go back to this thread- this is 2019.
https://www.nairaland.com/3327789/kenya-ahead-nigeria-all-aspect/5527#83528815
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp20182: 7:44am On May 09, 2023
Unemployment is unemployment - it doesnt matter if formal or informal - you're simply asked if you did anything the last few weeks. It appear South Africans just sit and wait for welfare cheque? or depend on parents?

Most of unemployment is on black youths.

Meanwhile foreigners who come to South Africa - hustle - and are the RSA informal economy - Zims & Somalis.

Black South Africa have huge cultural problem - they dont have usual Africa entrepreneurship or informal hustling. The Boer seem to have emasculated South Africans black.

AfriqueDuZuid:
7

On all countries those who have given up is not included in the official unemployment rate.

Many countries include the informal sector employment including kenya

South Africa does not, it uses the International standards used by major economies
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp20182: 7:47am On May 09, 2023
That was few years ago. I think you're now mostly retreating and divesting.

Again when it comes to Africa countries investing in other Africa countries - Kenya is second to South Africa.

AfriqueDuZuid:


SA investment is only beat by only USA, China, UK, france, Germany i think also Netherlands UAE

(1) (2) (3) ... (2150) (2151) (2152) (2153) (2154) (2155) (2156) ... (2518) (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. 52
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.