larride:


This guy Dey mad. A whole 22m? 😡

airmark:




The guy go win am sha.

airmark:
'Money na water' for some people for Naija.

OasisX and Ramdeuter show me the way. You can't tell me this guy is not a member of the ruling party.

airmark:




The guy go win am sha.

airmark:




The guy go win am sha.

Ihebu4chelsea:
22m dun Waka, people get money shaaa. Amount wey go make me become human being overnight, person carry am bet Nawa ooo

larride:


E no even suppose say something like that as an Elder knowing that the practice is amoral.

Ihebu4chelsea:
22m dun Waka, people get money shaaa. Amount wey go make me become human being overnight, person carry am bet Nawa ooo

raumdeuter:


When people dey come preach betting as an option to make it in life

The way betting be, if them offer am to cash out after first half e no go gree

Dundalk:
even 1m go change my life right now.

Ihebu4chelsea:
22m dun Waka, people get money shaaa. Amount wey go make me become human being overnight, person carry am bet Nawa ooo

Shegzdave:

22m gone just like that

If he had used SportyBet, I think those ones offers the 2UP option, he’s would’ve been smiling to the bank

joseph1832:
Here I was thinking the entertainment industry is the biggest contributor to our GDP since it's boom in recent time. Lol

User09:


I had to do a double check cos from memory, I know it isnt IT or Fintech. It actually is agriculture

Think I may have mentioned it at some point to diss troy. However his point still stands as IT is the second/third biggest contributor and the biggest in the service industry.

https://www.nigerianstat.gov.ng/elibrary

DissTroy:
Completely different topic, but while doing a research for a tech article, I found out of the 190+ countries in the world, India controls a whooping 67 percent of the outsourcing services and jobs market. 67 percent!

India has become the preferred destination for most companies and people around the world seeking to get a seeming infinite source of affordable talents. 67 percent is a lot and it's sad that Nigeria isn't competing for the share of this enough when we can. Think employment boost and foreign remittances.

DissTroy:


As at now, it is. Well, mostly.

VC funding and other such stabling capital have always been primary to boost ICT.

The VCs out there are hawks. PayStack had to raise $1 million in VC in 2017 and forced to register as a U.S. company. Flutterwave too. So many others.
They pay taxes and other concessions as U.S. companies, things that'd have been fully ours sibce they operate in our market primarily.

We got 18.7% of our GDP from ICT last year. Imagine the amounts we'd have gotten if these companies were fully Nigerian.

That's just one aspect. With I-DICE, coys like Andela, HNNG and others would be commonplace. I-DICE would help democratise the ICT sector (if fully implemented).

India has something similar.

DissTroy:


It's the ICT sector. Not agriculture. ICT has been the biggest contributor to our GDP for years now. It's not the first time I have mentioned it on this thread. I did in late 2022 and 2023. I did not long ago when debating with some older seasoned economists. They were just as surprised too. I've been aggregating since 2021 particularly. Vital information when one is crafting a pitch deck for VCs and others.

I posted exact links to several quarterly NBS reports to back up my claims. Please open several such reports for each quarter in the last two years even to compare sectoral GDP contribution.

If the Nigerian government had its priorities right, since we are a mostly service economy and haven't laid the ground work to compete advantageously on the manufacturing front, we'd fund and craft policies which enable us operate better as a service economy.

Similar to trade deals which enable India act as a gig economy for outsourcing to the West. You should see GDP boosts for India from the gig sector too. You'd be impressed. Similar to deals the Philippines has with Oceania countries like Australia and New Zealand. It's a gig economy somewhat too.
The only other African country doing something close is Rwanda. And they don't even have the skilled labour like us.

One of the reasons I was excited when Osinbajo wanted to contest. That's why I had I high hopes for Minister Bosun. I hope he still delivers. These are two of the people who demonstrably understand these issues.

User09:


No, its not

Take it from me. I can even walk you through the calculation (You know what, I'll do it again for you). See image attached

ts the same reason why i posted the link to the data. Again you need to know how these data are calculated to make these kinds of arguments

DissTroy:

Walk me through the calculation? LOL.

I

Agriculture fluctuates just like others.

Telecommunications combines with the financial sector.
For example, OPAY, Moniepoint, Flutterwave e.t.c staddle both sectors, and the GDPs are combined to be for total ICT.

I don't know if you just read the overviews for each quarter or you're googling on the go for this argument, but every NBS quarterly report has about 34 pages detailing the calculations and explanations for the intersection or overlapping of sectors.

You'd get it when you download the actual attached files which are PDFs and Google Spreadsheets.

ICT has been our strong point for years now. ICT being a condensation of subsectors. And the Service supersector (if I'd call it that) has been driving our economy for years. Sometimes even up to 70%. Every NBS report state this much. Do way more than quick searches in the heat of the moment.

I'm not googling on the go to debate this. My post history already shows I regularly and judiciously study these reports, not in t heat of argues looking to one-up or have a gotcha moment.

User09:


I'm not one to make up arguments for the sake of it. Not especially a field i'm well versed in. You are actually preaching to the choir in terms of reading the reports detail by detail

The image I posted earlier was actually me going as granular as possible and I did the calculation myself for you using the same spreadsheet in the link I posted earlier. I didnt google it, Infact, you wont find that image anywhere else.

Let me make it easy for you, there's been no quarter in recent times where ICT outpaced Agriculture. Point me to one, I'll be happy to retract but please be sure you can actually go detail by detail in terms of the calculation.

Another error in your post - Nowhere is financial services sector combined with ICT for the sake of GDP computation, The two are quite distinct with varying levels of dependencies in terms of economic output.

Doesnt matter if your post has stated it a thousand times in the past, It's still wrong today just as it was wrong those thousand times.

DissTroy:


Pages 18 and 20. I attached the Q3 NBS report PDF. EDIT: Nairaland rejected so I'd attach the link instead. https://www.nigerianstat.gov.ng/download/1241593
___-

Every time you read the overview, it reads thus: ICT (Telecommunications). Heck! Flutterwave, for example, isn't even a telecommunications company, but it straddles ICT as a subset and the Financial Sector.

You know what, is Flutterwave or OPay an ICT or Financial Services company? It's a simple A or B. But if it is both, you've answered your own quizzing.

airmark:


He had better options to play on than that match, i yelled when i saw it and the amount he put. What's 2up?

Theflint1:
https://x.com/EmekaOkoye/status/1903811232500506904?t=hSvsu9ys0WqhdEjXym_f2w&s=19

This link put things in proper context... the ICT that's a major contributor to the ICT GDP is the telecoms sector, dominated primarily by MTN, a South African company.

Disstroy, User09, Okpansukkaisbae

GloriousGbola:


Off the top of my head - mtn has switches, friendship centers, branches in every state in Nigeria. They have massive physical infrastructure. Support for these alone provides cash flow in the economy

.MTN directly employs 1900 people and is headquartered in nigeria

Flutterwave employs 1028 people across 5 continents. No record of how many are based in Nigeria. As far as I can tell their offices end in lagos


It is not clear if Flutterwave is headquartered in Nigeria or San Francisco. (tax tax tax)

airmark:


He had better options to play on than that match, i yelled when i saw it and the amount he put. What's 2up?

Theflint1:
https://x.com/EmekaOkoye/status/1903811232500506904?t=hSvsu9ys0WqhdEjXym_f2w&s=19

This link put things in proper context... the ICT that's a major contributor to the ICT GDP is the telecoms sector, dominated primarily by MTN, a South African company.

Disstroy, User09, Okpansukkaisbae

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