craziebone:
Nigeria has no top company? Which planet did this guy drop from, if i may ask? And hope this guy is not counting the likes of Anglo-America as one of SA's "top companies"!

LOL.

ActivateKruger:


I wont say more

of course,what more can you say?,the fact that your government gives out free-gifts does not mean that your country is economically boisterous.a farmer giving out free carrots does not mean he owns the largest or best carrot farm.SA's economy is stagnant,economic growth is stagnant,crime rate is the highest,productivity is almost the lowest,unemployment rate is very high,foreign investments is decreasing,and the labour market is weak,.what the SA government needs to do is not dashing out things,but providing structure that enables the people to enrich themselves,their government and draw in more foreign and local investors.

In Nigeria, the government subsidizes education and fuel, that's all! The only handouts giving out are the bursary paid to students in higher institution. Those from the Niger-Delta and far Northern states recieve the most. Their's is about 70,000 naira a year. Not all students get the money in the end. It doesn't come consistently.

Henry120:


LOL.

abi, i tire for the guy oo

craziebone:
Nigeria has no top company? Which planet did this guy drop from, if i may ask? And hope this guy is not counting the likes of Anglo-America as one of SA's "top companies"!

There's no point in having this discussion with you, you're an ignorant fellow.

Please post facts.. find me a list of Africa's top 30 companies, then we will have this discussion.

EVarn:
of course,what more can you say?,the fact that your government gives out free-gifts does not mean that your country is economically boisterous.a farmer giving out free carrots does not mean he owns the largest or best carrot farm.SA's economy is stagnant,economic growth is stagnant,crime rate is the highest,productivity is almost the lowest,unemployment rate is very high,foreign investments is decreasing,and the labour market is weak,.what the SA government needs to do is not dashing out things,but providing structure that enables the people to enrich themselves,their government and draw in more foreign and local investors.

You're not wise, are you ? The fact that the government is dishing out services without charge to people who wouldn't afford them means the government has sufficient money to do so.

How does a disability grant produce laziness? You will rather want disable people to beg on the streets to survive? In Nigeria it is allowed, in South Africa we take care of them... no disable person or orphan should go hungry - that's the way of Africa's greatest economy, South Africa.

ActivateKruger:

You're not wise,are you?The fact that the government is dishing out services without charge to people who wouldn't afford them means the government has sufficient money to do so.
How does a disability grant produce laziness?You will rather want disable to people beg on the streets to survive?...
....no disable person or orphan should go hungry-that's the way of Africa's greatest economy,South Africa.

forgive me oh wise one,but i'll have to disagree with you,not about the disabled people{obviously},the disabled people needs and deserve to be taken care of.but what about the able bodied people that depend solely on the bones that are kicked at them like common dogs by the ANC government?,what productivity does that build?,what development does that foster?.the nigerian government isnt doing that,but instead they're following the progressive way of setting up SMSE funds for people,currently billions of naira is been spent to set-up SMSE funds for nigerians.

EVarn:
forgive me oh wise one,but i'll have to disagree with you,not about the disabled people{obviously},the disabled people needs and deserve to be taken care of.but what about the able bodied people that depend solely on the bones that are kicked at them like common dogs by the ANC government?,what productivity does that build?,what development does that foster?.the nigerian government isnt doing that,but instead they're following the progressive way of setting up SMSE funds for people,currently billions of naira is been spent to set-up SMSE funds for nigerians.

So you think South Africa has no micro business funds set by the state, you're misinformed.

ActivateKruger:


So you think South Africa has no micro business funds set by the state, you're misinformed.

i wouldnt consider myself misinformed love,because the impact of your micro business funds is barely felt,on what scale has the SA government set up business funds for people?,because in nigeria,billions of naira goes into SMSE coffers per month both from federal and state levels,everyone from those who seek to open factories to those who seek to set up shops and small retail qiosks,have access to the fund.bank loan policies have been relaxed,existing big and medium enterprises are setting up facilities to foster the up and coming ones.thats what i call economic develepment!,imagine the effects these things will generate on the long run,in few years,the economy begins to boom even more!.tell me,can that be achieved by dashing out money to able bodied men?.

EVarn:
i wouldnt consider myself misinformed love,because the impact of your micro business funds is barely felt,on what scale has the SA government set up business funds for people?,because in nigeria,billions of naira goes into SMSE coffers per month both from federal and state levels,everyone from those who seek to open factories to those who seek to set up shops and small retail qiosks,have access to the fund.bank loan policies have been relaxed,existing big and medium enterprises are setting up facilities to foster the up and coming ones.thats what i call economic develepment!,imagine the effects these things will generate on the long run,in few years,the economy begins to boom even more!.tell me,can that be achieved by dashing out money to able bodied men?.

That's nothing new, South Africa does that with billions of Rands.

i just looked up a so-called list of top 500 companies on the internet and i was seeing an anglo-america, angold ashanti, steinhoff whatever (which sounds german), etc being named as belonging to SA! I no fit laugh abeg! I saw the Nigerian Oando on the list somewhere at the middle but can we trust that list? We in Nigeria know that Oando, though an energy company and there is so much money in the energy sector, is not as big as Dangote. Also, i am not sure if it is as big as First and Zenith bank.

craziebone:
i just looked up a so-called list of top 500 companies on the internet and i was seeing an anglo-america, angold ashanti, steinhoff whatever (which sounds german), etc being named as belonging to SA! I no fit laugh abeg! I saw the Nigerian Oando on the list somewhere at the middle but can we trust that list? We in Nigeria know that Oando, though an energy company and there is so much money in the energy sector, is not as big as Dangote. Also, i am not sure if it is as big as First and Zenith bank.

Give me the number of South African companies in the top 30, then give me Nigerian.

ActivateKruger:


That's nothing new, South Africa does that with billions of Rands.

i've never heard of such development where SA spends "billions of rands" to sponsor the businesses of its citizen,and i'm sure it barely exists.but all i know is that SA runs a conservative economy while nigeria runs a progressive economy.both have their advantages and disadvantages{much like the western capitalist system of government and the eastern socialist system},but in all sense,the progressively run economy grows more rapidly and steadily for a long time,while the conservatively run economy experiences growth for a while,but later reaches a prime and stagnates or decline!.giving out free gifts to able bodied men may reduce poverty,but it increases so many other key economic criteria.thats why nigeria is fast becoming a world economic power,and SA stagnates.

ActivateKruger:


Give me the number of South African companies in the top 30, then give me Nigerian.

why don't you just give up on this nonsense already?!

This is to assist the ill-informed EVarn.

National Empowerment Fund
http://www.nefcorp.co.za/

Small Enterprise Finance Agency
http://www.sefa.org.za/

Industrial Development Corporation
http://www.idc.co.za/

National Youth Development Agency
http://www.nyda.gov.za/Pages/default.aspx

National Film and Video Foundation
http://www.nfvf.co.za/home/index.php?ipkContentID=57

Small Enterprise Development Agency
http://www.seda.org.za/Pages/Home.aspx

The Department of Trade and Industry also has various loan schemes and incentives
http://www.dti.gov.za/financial_assistance/financial_assistance.jsp

Let me try to sum all of you up:

1.) To the ones puntering about Nigeria "has the biggest economy", biggest according to what category? Economic activity? If that's the case then of course it would have a larger activity because as you also keep pointing out there's a larger population.
2.) Someone said something about the GDP and the population of the two countries and used it as an excuse that SA has a lower population and therefore a higher GDP. Uhm... GDP stands for GROSS DOMESTIC PRODUCT. Product being the goods produced. Domestic meaning with the borders of a country. Gross means unadjusted count. I would break it down further but I simply don't have the energy and seeing as you think a lower population = higher GDP then... Anyway your argument fails on two points:
A) GDP measures the production of a country during a specified period. Population is a minor factor in the sense that a high population with little or no education/skills would be meaningless hence a country like Sweden, for eg, with its small population and little export economy can still have a high GPD and per capita rate.
B) Even if we were to give your little argument a bit of benefit, how then do you explain China with its 1.63 billion population, high GDP and high per capita?
3.) Steinhoff is a South African company - side note you cannot discredit Anglo-American. It is a South African company and has been ever since the gold rush in the early 1900s and is owned by a SA family.
4.) Crime, crime, crime: first off crime in SA is petty and "violent" crime (ie murder) almost always is contained amongst people who know one another. That SA has the highest is hogwash punterred by white people to discredit blacks, and no this is no conspiracy theory, independent scientific study after study has shown that SA people are not violent at all. If you up to reading reports and statistic analyses then a good start up point would be the HRSC website you will have plethora of evidence refuting claims SA is violent and crime ridden. (In actual fact I used to date a foreigner who never understood why I never lock my doors, sometimes I'd go away and come back without having locked and I always told him its because I know nothing will happen. I live alone and I even sleep with my sliding doors open that's how safe SA is but obviously as with anywhere else in the world there are hotspot areas in the country but regardless we don't have Boko Harams and no kidnapping for money/hostage dramas - y'all should stop watching TV you take it too literally.)
5.) I keep hearing a billion naira this a billion naira that. You seem to be forgetting that the naira has as much value as the Zim Dollar so a billion naira is about what? 1 SA cent? Please let us keep things in context. This is why I started off with question 1. Nigeria is economically stronger or has a bigger economy in terms of what context? Just because a newspaper article proclaimed it does not make it so. Remember journalists are not experts and half the time they have no real understanding of what they are talking about or misconstrue their reporting for whatever reason. There is no way Nigeria is economically better than SA, it fails on so many of the critical factors eg infrastructure, efficiency, energy (we never run out of perol in SA unless there is an international crisis and our power is very stable), political stability, solid tertiary education (all our universities feature in the world list and not only do we dominate the top ten Africa list we also take up the first 3-4 top spots. There are so many SA companies in Nigeria (and other African countries - think Primi, Shoprite/Checkers, Woolies, MTN, Vodacom, Multi-choice, Truworths, Edgars etc.) and I can't even think of 1 Nigerian company in SA. You even watch our shows and we don't watch yours... We don't need to leave SA for anything because we get everything we want right here, even our government offices and police are efficient.

Last note, having one good economic year does not a strong economy make its all premature. Oh, by the way SA is wealthy and does have money. The average SA can afford more than the average Nigerian. And we are not lazy we just don't have to break our backs to put food on the table, clothes on our backs and a roof over our heads and that's how life should be - if you weren't suffering and struggling so much you would understand that life is to be enjoyed not sweated over.

craziebone:


why don't you just give up on this nonsense already?!

Should I give up because there's no Nigeria company in Africa's top 30 lagerst companies OR I should give because 90% of those companies are South African?

DieeDiee:
Let me try to sum all of you up:

1.) To the ones puntering about Nigeria "has the biggest economy", biggest according to what category? Economic activity? If that's the case then of course it would have a larger activity because as you also keep pointing out there's a larger population.
2.) Someone said something about the GDP and the population of the two countries and used it as an excuse that SA has a lower population and therefore a higher GDP. Uhm... GDP stands for GROSS DOMESTIC PRODUCT. Product being the goods produced. Domestic meaning with the borders of a country. Gross means unadjusted count. I would break it down further but I simply don't have the energy and seeing as you think a lower population = higher GDP then... Anyway your argument fails on two points:
A) GDP measures the production of a country during a specified period. Population is a minor factor in the sense that a high population with little or no education/skills would be meaningless hence a country like Sweden, for eg, with its small population and little export economy can still have a high GPD and per capita rate.
B) Even if we were to give your little argument a bit of benefit, how then do you explain China with its 1.63 billion population, high GDP and high per capita?
3.) Steinhoff is a South African company - side note you cannot discredit Anglo-American. It is a South African company and has been ever since the gold rush in the early 1900s and is owned by a SA family.
4.) Crime, crime, crime: first off crime in SA is petty and "violent" crime (ie murder) almost always is contained amongst people who know one another. That SA has the highest is hogwash punterred by white people to discredit blacks, and no this is no conspiracy theory, independent scientific study after study has shown that SA people are not violent at all. If you up to reading reports and statistic analyses then a good start up point would be the HRSC website you will have plethora of evidence refuting claims SA is violent and crime ridden. (In actual fact I used to date a foreigner who never understood why I never lock my doors, sometimes I'd go away and come back without having locked and I always told him its because I know nothing will happen. I live alone and I even sleep with my sliding doors open that's how safe SA is but obviously as with anywhere else in the world there are hotspot areas in the country but regardless we don't have Boko Harams and no kidnapping for money/hostage dramas - y'all should stop watching TV you take it too literally.)
5.) I keep hearing a billion naira this a billion naira that. You seem to be forgetting that the naira has as much value as the Zim Dollar so a billion naira is about what? 1 SA cent? Please let us keep things in context. This is why I started off with question 1. Nigeria is economically stronger or has a bigger economy in terms of what context? Just because a newspaper article proclaimed it does not make it so. Remember journalists are not experts and half the time they have no real understanding of what they are talking about or misconstrue their reporting for whatever reason. There is no way Nigeria is economically better than SA, it fails on so many of the critical factors eg infrastructure, efficiency, energy (we never run out of perol in SA unless there is an international crisis and our power is very stable), political stability, solid tertiary education (all our universities feature in the world list and not only do we dominate the top ten Africa list we also take up the first 3-4 top spots. There are so many SA companies in Nigeria (and other African countries - think Primi, Shoprite/Checkers, Woolies, MTN, Vodacom, Multi-choice, Truworths, Edgars etc.) and I can't even think of 1 Nigerian company in SA. You even watch our shows and we don't watch yours... We don't need to leave SA for anything because we get everything we want right here, even our government offices and police are efficient.

Last note, having one good economic year does not a strong economy make its all premature. Oh, by the way SA is wealthy and does have money. The average SA can afford more than the average Nigerian. And we are not lazy we just don't have to break our backs to put food on the table, clothes on our backs and a roof over our heads and that's how life should be - if you weren't suffering and struggling so much you would understand that life is to be enjoyed not sweated over.

Naira = Zim dollar;
we watch SA shows, you don't watch Naija show;
all HOGWASH!!!

no one said small population means higher GDP. You go and read that particular post again.

When we say billions on Naira it doesn't necesarily mean it is less than a billion rand, get it!

And no, journalists are not the ones that named us largest economy in Africa; professional financial institutions did, and i think you should live with that!

It is abslute nonsense that we watch SA shows and you don't watch ours. I am sure a Jim Iyke, Omotola Jalade, Genevive Nnaji, Mercy Johnson etc are familiar names to you. If not because Davido featured a Mafikizolo, no one knew them in Nigeria as well as other African countries. Apart from the likes of Lucky Dube, Chakachaka and Brenda Fasie and Mariam Makeba, no one knows any of your TV. We kow these people because of your anti-apatheid struggle (sorry about that).

Your Multicoice do not even export your culture instead, they have channels that show Nigerian shows exclusively! Your shows are COMPLETELY absent out side your borders, fact! Multichoice doesn't do this becos your culture, whatever it is, is not profitable; no one is interested in it, deal with it!

craziebone:
no one said small population means higher GDP. You go and read that particular post again.

When we say billions on Naira it doesn't necesarily mean it is less than a billion rand, get it!

1 Billion Naira = 65 Million Rands

And no, journalists are not the ones that named us largest economy in Africa; professional financial institutions did, and i think you should live with that!

On paper, but reality has suggested otherwise... Life before you were announced "Africa's largest econmony" is still the same. There's hardly any economic benefit for it.

- You have a lower Human Development index than South Africa, even lower than Ghana.
- Your government spends a mere $157.29 on a single Nigerian this year while South Africa spends $2212.7 on a single South African this year
- Infrastructure expenditure is very low, way lower than South Africa
.

It is abslute nonsense that we watch SA shows and you don't watch ours. I am sure a Jim Iyke, Omotola Jalade, Genevive Nnaji, Mercy Johnson etc are familiar names to you. If not because Davido featured a Mafikizolo, no one knew them in Nigeria as well as other African countries. Apart from the likes of Lucky Dube, Chakachaka and Brenda Fasie and Mariam Makeba, no one knows any of your TV. We kow these people because of your anti-apatheid struggle (sorry about that).

Your Multicoice do not even export your culture instead, they have channels that show Nigerian shows exclusively! Your shows are COMPLETELY absent out side your borders, fact! Multichoice doesn't do this becos your culture, whatever it is, is not profitable; no one is interested in it, deal with it!

We talking economics, you're free to open a cultural thread and post whatever you wish there

paniki:
This is to assist the ill-informed EVarn.

National Empowerment Fund
http://www.nefcorp.co.za/

Small Enterprise Finance Agency
http://www.sefa.org.za/

Industrial Development Corporation
http://www.idc.co.za/

National Youth Development Agency
http://www.nyda.gov.za/Pages/default.aspx

National Film and Video Foundation
http://www.nfvf.co.za/home/index.php?ipkContentID=57

Small Enterprise Development Agency
http://www.seda.org.za/Pages/Home.aspx

The Department of Trade and Industry also has various loan schemes and incentives
http://www.dti.gov.za/financial_assistance/financial_assistance.jsp

my dear paniki,why are you panicking?...the nigerian government also has the;

*National youth empowerment initiative{NYEI}

*Nigerian skill acquisition programme

*TETFUND

*SURE-P et al...
yet these programmes arent stopping the FG from establishing the mega business empowerment schemes for SMSEs.thats how a progressive economy is run.

craziebone:


Naira = Zim dollar;
we watch SA shows, you don't watch Naija show;
all HOGWASH!!!

The Naira only has value in Nigeria, you can't use it for business transactions where as the rand can.

Go to the back posts, you'll see someone (could have been you) said SA has a higher GDP and per capita income because we have a population of 50million (lol)

Lol... Oh yes you do watch SA shows you may not know they are SA (that's how good they are) but you do e.g. Face of Africa, Big Brother, Generations etc.
Unfortunately I have no idea who Jimmy and sundry are. And don't forget our companies are not only in Nigeria but the rest of Africa and some are global forces in the rest of the world.

Out of curiosity which financial institutions claimed Nigeria has the biggest economy? But importantly IN WHAT CONTEXT? You seem to be side stepping the most important question. What measurements are used? What is being measured? (Please name reputable sources - the HRSC aka Human Research Science Council I mentioned is a highly reputable research organisation that does work for governments as well). We all know Nigerians seem to think they live inside a music video and like to live Top Billing style so is that the measurement? How much people are spending ie economic activity? Because then that is distorted the average Nigerian does not drive a Bugatti or pop Moet for breakfast and that lifestyle is preserved to the privileged few.

You simply cannot dismiss a government that takes care of its people. That is the point of government, you elect them so that they can care for your interests. A good government and a healthy economy is one that is able to care for its citizens. Look at the biggest economies in the world, look at their social programmes then compare Nigeria and compare SA ... Need I say more? Just so you know our governments have always taken care of us, it did not start with the ANC we've always had free health, government has always given away houses. I grew up in the former Ciskei - we had free electricity, water, free books and stationary etc. It didn't make our parents lazy so why would it make us lazy? And if we were so lazy how does SA keep working? That our GDP has gone down (as other countries in the world - the EU and USA even had to bail some banks and companies) has to do with the recent global crisis and its after effects not with crime in SA or whatever else you imagine.

Please don't feel bad, one day is one day and Nigeria will get it right. AMANDLA! Keep up the faith

EVarn:
my dear paniki,why are you panicking?...the nigerian government also has the;

*National youth empowerment initiative{NYEI}

*Nigerian skill acquisition programme

*TETFUND

*SURE-P et al...
yet these programmes arent stopping the FG from establishing the mega business empowerment schemes for SMSEs.thats how a progressive economy is run.

No one said you didn't have micro finance institutions, he/she was merely proving that South Africa has them since you denied their existence.

The statement Nigeria has the biggest economy needs clarification and is premature. Nigerians that think Nigeria is comparable and even better than SA are delusional. The mere fact that the Naira has a low value speaks volumes about the state of the economy, the high corruption rate, the political instability, ministers and their families getting kidnapped are markers of a fragile and weak economy but the most telling markers are the value of the currency, the inflation rate and standard of living all of which SA beats ALL sub-sahara African countries. The statisfaction index is also quite telling, you don't see any SA people running to Nigeria or so desperate to leave SA, why? If Nigeria was really better then it would have the immigration problem not SA.

ActivateKruger:


No one said you didn't have micro finance institutions, he/she was merely proving that South Africa has them since you denied their existence.

i'm not saying that SA does not have micro finances facilities,all i'm saying is that the SA government doesnt have SMSE setup for the citizens.how many saffers have government sponsored factories and businesses?

DieeDiee:
The statement Nigeria has the biggest economy needs clarification and is premature. Nigerians that think Nigeria is comparable and even better than SA are delusional. The mere fact that the Naira has a low value speaks volumes about the state of the economy, the high corruption rate, the political instability, ministers and their families getting kidnapped are markers of a fragile and weak economy but the most telling markers are the value of the currency, the inflation rate and standard of living all of which SA beats ALL sub-sahara African countries. The statisfaction index is also quite telling, you don't see any SA people running to Nigeria or so desperate to leave SA, why? If Nigeria was really better then it would have the immigration problem not SA.

i have arrived at the tentative conclusion that you are the biggest diddydumbs on nairaland,the naira and rand has more value than south korea's 'won',does that mean that the south korean economy is poor?

EVarn:
i'm not saying that SA does not have micro finances facilities,all i'm saying is that the SA government doesnt have SMSE setup for the citizens.how many saffers have government sponsored factories and businesses?

From this post going forward I will simply ignore your posts because of your ignorance and laziness to read.

Those institutions Paniki posted are setup by who for who? Your never bothered reading that they were state setup.

You're starting to embarrass your intelligence with your persistent ignorance

Nigeria is out because the founders of G-20 did not consider Nigeria's leaders fit for being part of it.
Apart from that, in 1999 Nigeria was not the biggest economy in Africa. By now, it is not the strongest.

It is not official but this is my guess.

EVarn:
i have arrived at the tentative conclusion that you are the biggest diddydumbs on nairaland,the naira and rand has more value than south korea's 'won',does that mean that the south korean economy is poor?

LOLEST!!! Diddydumbs? How old are you? That you would use that word is telling of your EQ and IQ. In fact, was it not you who made a comment about GDP and population? Choosing one marker out of a (non-comprehensive) list of markers and crashing it does not make you smarter or your point stronger and neither does resorting to (childish - LOL LOL LOL) name calling. All it does is highlight your weakness, lack of logic, intelligence and equates to junior primary school behaviour.

Ps: South Korea's GDP and standard of living (the other markers I mentioned) is higher than both Nigeria and SA. Could be because they also have a population of 50million (LOL LOL LOL!!!)

you nailed it

theres so much of brainstorming of hate which they can use to better Nigeria as whole
this status of empty chest beating while d rich are thinking abt themself n d poor increase daily

Life is so good n fair in SA
no amount of critics can change dt
d time of fleeing to other contries. because of oppression is gone diferent race,culture,religion of this
rainbow nations values is what makes us unique n too diferent for some peoples liking
wev seen worse dt y freedom is for all Citizen

DieeDiee:
Let me try to sum all of you up:

1.) To the ones puntering about Nigeria "has the biggest economy", biggest according to what category? Economic activity? If that's the case then of course it would have a larger activity because as you also keep pointing out there's a larger population.
2.) Someone said something about the GDP and the population of the two countries and used it as an excuse that SA has a lower population and therefore a higher GDP. Uhm... GDP stands for GROSS DOMESTIC PRODUCT. Product being the goods produced. Domestic meaning with the borders of a country. Gross means unadjusted count. I would break it down further but I simply don't have the energy and seeing as you think a lower population = higher GDP then... Anyway your argument fails on two points:
A) GDP measures the production of a country during a specified period. Population is a minor factor in the sense that a high population with little or no education/skills would be meaningless hence a country like Sweden, for eg, with its small population and little export economy can still have a high GPD and per capita rate.
B) Even if we were to give your little argument a bit of benefit, how then do you explain China with its 1.63 billion population, high GDP and high per capita?
3.) Steinhoff is a South African company - side note you cannot discredit Anglo-American. It is a South African company and has been ever since the gold rush in the early 1900s and is owned by a SA family.
4.) Crime, crime, crime: first off crime in SA is petty and "violent" crime (ie murder) almost always is contained amongst people who know one another. That SA has the highest is hogwash punterred by white people to discredit blacks, and no this is no conspiracy theory, independent scientific study after study has shown that SA people are not violent at all. If you up to reading reports and statistic analyses then a good start up point would be the HRSC website you will have plethora of evidence refuting claims SA is violent and crime ridden. (In actual fact I used to date a foreigner who never understood why I never lock my doors, sometimes I'd go away and come back without having locked and I always told him its because I know nothing will happen. I live alone and I even sleep with my sliding doors open that's how safe SA is but obviously as with anywhere else in the world there are hotspot areas in the country but regardless we don't have Boko Harams and no kidnapping for money/hostage dramas - y'all should stop watching TV you take it too literally.)
5.) I keep hearing a billion naira this a billion naira that. You seem to be forgetting that the naira has as much value as the Zim Dollar so a billion naira is about what? 1 SA cent? Please let us keep things in context. This is why I started off with question 1. Nigeria is economically stronger or has a bigger economy in terms of what context? Just because a newspaper article proclaimed it does not make it so. Remember journalists are not experts and half the time they have no real understanding of what they are talking about or misconstrue their reporting for whatever reason. There is no way Nigeria is economically better than SA, it fails on so many of the critical factors eg infrastructure, efficiency, energy (we never run out of perol in SA unless there is an international crisis and our power is very stable), political stability, solid tertiary education (all our universities feature in the world list and not only do we dominate the top ten Africa list we also take up the first 3-4 top spots. There are so many SA companies in Nigeria (and other African countries - think Primi, Shoprite/Checkers, Woolies, MTN, Vodacom, Multi-choice, Truworths, Edgars etc.) and I can't even think of 1 Nigerian company in SA. You even watch our shows and we don't watch yours... We don't need to leave SA for anything because we get everything we want right here, even our government offices and police are efficient.

Last note, having one good economic year does not a strong economy make its all premature. Oh, by the way SA is wealthy and does have money. The average SA can afford more than the average Nigerian. And we are not lazy we just don't have to break our backs to put food on the table, clothes on our backs and a roof over our heads and that's how life should be - if you weren't suffering and struggling so much you would understand that life is to be enjoyed not sweated over.

DieeDiee:

LOLEST!!! Diddydumbs?How old are you?That you would use that word is telling of your EQ and IQ.In fact,was it not you who made a comment about GDP and population? Choosing one marker out of a(non-comprehensive)....it does not make you smarter or your point stronger and neither does resorting to (childish -LOL LOL LOL)name calling.All it does is highlight your weakness,lack of logic,intelligence and equates to junior primary school behaviour.

^and what is the point of the epistle you wrote?,you can "lol" and "lolest" as much as you like,the content of your post is so empty,that even a primary school dropout will percieve you as a mentally benighted fellow.i asked you a simple question,the SK currency is lesser in value than the rand,does that mean that SA's economy is far more developed than SK's economy?.i didnt say that GDP and population make a country the biggest economy,do you have dyslexia?,what i said is that small population=higher HDI and GDP per capita.

EVarn:
i have arrived at the tentative conclusion that you are the biggest diddydumbs on nairaland,the naira and rand has more value than south korea's 'won',does that mean that the south korean economy is poor?

don't mind the dumb boy! The Japanese Yen is about two Naira and is even far less than the Rand. Does that mean that the Japanese economy is just twice Naigeria's economy? That the rand is bigger than the yen means SA's economy is better than the Japanese economy, according to die die! Hmm, i really admire their universities, Lol.


And for Big brother (i don't watch it but i hea of it), you made me laugh there. This is a show its anchors are Nigerian, fact! This is a show its back room staff are Nigerian, fact! You really need to see the cast or whtever they call it to know what exactly i am saying. Without Nigeria

as for immigration, we are acccording to our cencus figures in 2006, we have 15million foreigners in Naija. You don't hear us complain becos those who come in provide their own jobs, that's no1. Secondly, we are immigrants friendly. We have actually carried the burden of the continent on our shoulders for so long. This refelcted in our foreign policies even prior to independence. We have superior skills compared to most of the foreigners that come in. They take jobs we don't even want. We are not as lazy as you lot, fact!

As for why we go out, i would like to tell you that you find the chinese in all parts of the world; the same thing with the indians. Does that mean they economy is rubbish? That you cannot go out of your country doesn't mean you are ok. It only means you don't have the money to go out that far since the countries around you, which you could have emigrated to, are not as boyant as you.

Nigerians anywhere are not putting pressure on your public system. They create their own jobs. They employ your own people. You people cannot even stand this that's why there is so much animosity from you lot.