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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Where Is Nigeria In The G-20 (33101 Views)
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Re: Where Is Nigeria In The G-20 by Nobody: 4:11pm On Nov 16, 2014 |
DieeDiee: you are not making any point. I think you are the one who should take your advice and get to the library and study the economics you recomemded. Japan has so many universities. Majority of the private while only a few are public and run by govt. This also mean the people provide education for themselves. But it seems your economic theory which stemed from a 'superior understanding of economic' have failed to explain to us why even though Japanese provide education for themselves, they have a far higher HDI and GDP per capita that SA! The reason we are providing them ourselves is not a testimony of a weak economy. It is becos that's our model. And no; that we provide such things ourselves does not equate to a weak economic activity. How else do you think we are able to grow at the pace we are growing even though we rebased our GDP? On the contrary, when people are allowed to go out and provide for themselves, then they know it is all man for himself and that means he will pick up something to do therefore improving economic activities. That's how we are outpacing you. It seems you know nothing about Nigeria. Our tax base is not where it should be yet becos lots and lots of people are not paying the taxes they should pay by law; but over the past two years now, our non oil taxes have risen to almost equal to our oil taxes. Why is that? Because we go out to provide for ourselves, fact! |
Re: Where Is Nigeria In The G-20 by Nobody: 4:17pm On Nov 16, 2014 |
DieeDiee: the name of this blog is just perfect- nairaland. It doesn't need to change. If you don't like it in foreign affairs sections, there are lots and lots of section for you to go to and enjoy our warm hospitality. Look whois talking about hate! Don't make me laugh. It is not in Nigeria it is recorded that foreigners are bein called a derogatory name- kwerekwere. Neighter is it in Nigeria that foriegners are routinely lynched and properties confiscated by those who just cannot get up and work, like your president puts it. You are coming here to play the innocence. I thought you are man enough or should i say... Woman enough to stand the heat! Why are you complaining after reaping the same seed of hate you sowed? |
Re: Where Is Nigeria In The G-20 by Nobody: 4:20pm On Nov 16, 2014 |
EVarn: thanks for getting the message. |
Re: Where Is Nigeria In The G-20 by Nobody: 4:34pm On Nov 16, 2014 |
1mindchrisr: hmm. I have promised myself not to use a particular line on you Saffers anymore so i am going to take it easy with you. You guys started it. Do you know how many statements we've heard being attributed to your people for a long time now, especially from your leaders? Well, i don't blame you guys. You hardly travel so your idea of the world is limited to that which is told to you by your govt. That's why you see things the way you do. |
Re: Where Is Nigeria In The G-20 by paniki(m): 5:33pm On Nov 16, 2014 |
EVarn: My pumpkin EVarn, I never claimed that Naija doesn't have business funding initiatives but perhaps I should do so. Nigeria doesn't really have any business funding initiatives, the few that exists are merely front organisations created to embezzle funds. The average Nigerian does not benefit from those schemes. This TETFUND that you referred seems to do what our department of higher education does. I thought it was something like our National Student Financial Aid Scheme which pays fees of actual students. http://www.nsfas.org.za/ |
Re: Where Is Nigeria In The G-20 by 1mindchrisr(f): 5:46pm On Nov 16, 2014 |
unfortunately speaking abt travelling is a void statement im sorry to say dt coming on ds site was through those related pop up links was browsing on Lake holidays accomodation wanted something similar n price comparison holiday season is all abt travelling i remember viewing d menu n browsed shockingly i had no idea n this is d first time iv came upon ds pathetic image of some Nigerians n iv noticed dt d only time you actually admit d errors of yourselves is d section on politics where you bashing each other,tribal,religious,n worst of all political sentiments dt is how bad it is so who are we anyway to expect better treatment when you fail to tolerates iv travelled to some other African countries n overseas yet not once iv experience ds envy on ds site theres other foreign nationals too n i dont see them behaving like this |
Re: Where Is Nigeria In The G-20 by EVarn(m): 5:58pm On Nov 16, 2014 |
paniki:another scribble to be disposed into the nearest bin.you should read love,the nigerian government funds all federal universities to pay staff,renovate and replace any displaced facility etc,while the TETFUND initiative builds new academic facilities,equipp existing ones,provide necessary oppurtunities for broader social service by the school etc.i must admit though,that nigeria hasnt yet setup any scheme to sponsor youths through university. |
Re: Where Is Nigeria In The G-20 by Nobody: 7:36pm On Nov 16, 2014 |
1mindchrisr: eiyah! I can hear the tone in your voice. Well, let me tell you that all these you see here are just banta. We don't hate or envy you, neither do we hate or envy ourselves. Once again, what you see here is pure banta and that's all. If you cannot handle it, as i can already see, i think the best thing is for you to leave this section and go to other sections maybe...jokes, family, religion, career, romance etc. There is no medal for anyone who wins the arguement, if at all there will be a winner. So, there is no point staying on. I want you to think about it yourself. Do you think it is worth it to read things that will get you upset when in fact, you could spend that time on other things which will help you. |
Re: Where Is Nigeria In The G-20 by ActivateKruger: 9:42pm On Nov 16, 2014 |
I'm watching Cybercrimes on BBC, Lagos is an urban slam.... 1 Like |
Re: Where Is Nigeria In The G-20 by 1mindchrisr(f): 8:08am On Nov 17, 2014 |
u funny dt all i can say to iv made myself clear dt your critics n envy doesnt change us yet u rockin back n forth blame game as who started it i realise im wasting mytime replyin you here. as if mylife depends on it you entitled to your speech hv a nyc life craziebone: |
Re: Where Is Nigeria In The G-20 by DieeDiee: 8:56am On Nov 17, 2014 |
EVarn: Sigh... I can see I have to pretend I'm talking to my two year old niece here... Baby, honey, munchkin, you keep on saying: "i only unraveled the fact that a smaller population easily attains a higher HDI and GDP/capita,than a bigger population e.g japan,and USA." And I say population is not to blame for low PPP there are many factors which count MORE e.g. Inflation rate, growth rate, exchange rate, economic activity employment etc. etc. etc. These factors are factors that government is meant to solve of which HUMAN DEVELOPMENT is one of the solutions (which our dear, darling, loving, caring government does for us - and yours clearly doesn't ) hence SA has a higher GDP (PPP) per capita than Tunisia (which has a population that is 1/5 that of SA (that is 10mil compared to SA's 50mil)) and why SA has a lower PPP compare to the USA when SA has the lower population. If you still slow on the uptake lemme put it this way: Using your premise, then it how do you explain China's high PPP when it has a population of 1.63 BILLION compared to Nigeria's paltry 173 MILLION? Or the USA with its population of 316 million compared to nigeria's 173 million? According to your premise Nigeria should have a higher GDP (PPP) than either of these countries yet it does not. Oh, by the way in case you didn't know the GDP (PPP) aka Purchasing Power Parity allows us to compare different economies on an equal footing but the principles can be applied to GDP Nominal too the only difference is that GDP Nominal will be higher as it is a nominal value. (Ps, a premise is a theory or base of an argument) |
Re: Where Is Nigeria In The G-20 by EVarn(m): 10:10am On Nov 17, 2014 |
DieeDiee:my my,you're almost near tears,but do not fret mon Àmor,i will take it easy on ya.now let me lecture you{slowly of course}: what i said is that the HDI of a country with a smaller population tend to higher than that of a country with a denser population.however,when a country with a big population fully develops,they tend to have a very high HDI as in the case of the USA,i never said anything about PPP,do you now understand?,no?,*sigh*,ok let me put it this was,a smaller population means: *lesser people people to employ,in which case people easily find employment *lesser inflation rate,as money circulates properly,price of goods and services are easily regulated,and the currency has high value *lower poverty rate as most people are employed and earn enough *much higher exchange rate and foreign reserve *an even distribution of wealth and public service etc do you at least get my drift?yeah?ok! |
Re: Where Is Nigeria In The G-20 by EVarn(m): 10:18am On Nov 17, 2014 |
isnt it the highest point of ignorance when a person tells you that a population of over 170million is "paltry"?,*shakes head*,kids these days,i wonder what they teach them in school. |
Re: Where Is Nigeria In The G-20 by DieeDiee: 11:15am On Nov 17, 2014 |
EVarn: Okay I did not read any of that the 1st paragraph shows you do not understand the economic cycle and how the HDI fits in. First off, PPP is the adjusted GDP and measures the GDP per capita but on an even scale so that different economies (read: different countries) can be compared on an even scale. Yes you did talk about the PPP but you just don't know you were. If you are comparing countries it is really pointless to use nominal GDP because then you are comparing apples and oranges both are fruit are fruit but not same fruit. In other words what is the point of comparing Naira with the Yen when it has no value or power outside Nigeria? PPP allows us to compare because it adjusts all currencies. As for the HDI, the Human Development Index, it measures not only the standard of living but literacy, skills, economic participation, health, life expectancy etc. - you know the things that you so proudly declare you provide for yourselves when your government should be doing. The things that the Korean, German, Brazilian, UAE, SOUTH AFRICA, Tanzania and other governments of the most developed and further developed than Nigeria countries provide. This is government's investment in it's people and economy THIS is what raises the HDI not POPULATION. Your premise still falls flat, because what I said before still stands. China with a population of 1.63 BILLION has a higher HDI than SA, Nigeria, Gabon all which have a population significantly lower than China. Why? Because the core of development and its sustainability lies with a STRONG, SOLID AND HEALTHY ECONOMY BASE WITH LITTLE TO NO LEAKAGE AND A STABLE POLITICAL ENVIRONMENT. Up until you clean out the wax in your ears and lose that useless arrogance that is taking you nowhere and learn from the "lazy South Africans" who have a solid and stable economy and political environment. 60 years after your "independence" Nigeria is still in an abyss. That is so sad because Nigeria has so much potential but as the saying goes ignorance and stupid, useless arrogance comes before Nigeria's fall. |
Re: Where Is Nigeria In The G-20 by DieeDiee: 11:34am On Nov 17, 2014 |
EVarn: Economic cycle: owners of factors of production (that would be people) invest and sell their factors of production (eg rent out premises, skills and knowledge etc.) They earn on their factors of production (eg salaries, wages, interest earned, profits etc.) And use their earnings by buying and investing more - the economic multiplier - what happens is that the more people earn the higher the demand for goods (eg sneakers, ipads etc.) , the higher the supply, the higher the demand for investment and factors of production and income goes up (i.e. Unemployment goes down, people earn more on their factors of production etc.) Higher income means higher tax base for government, higher tax base means income for government to do what? Come on repeat after me... To...invest...in...the...development...of...its...people. Okay we are nearly there. What happens when government invests in human development? The...HDI...rises!!! So you see high population, low population really doesn't matter what matters is government's competency and management (which I guess the lazy SAns with their laziness managed to somehow get right - WOW (ps that was sarcasm right there)). |
Re: Where Is Nigeria In The G-20 by DieeDiee: 11:42am On Nov 17, 2014 |
EVarn: FYI inflation is determined by push and pull factors of the economy not government regulation in actual fact government should intervene as little as possible and allow the economic mechanism find its balance. |
Re: Where Is Nigeria In The G-20 by EVarn(m): 1:11pm On Nov 17, 2014 |
@DieeDiee,congratulations!,you succeded in writting three epistles,i'm sure apostle paul will be proud!....now let me dismantle you dêluxioñs` dù gràndûer. (i)first of all,nigeria isnt 60 years old,it shows what you know. (ii)i do not dispute that it is productive for the government to invest in the people{it raises HDI},but that brings us population size,example; a country earning a gross revenue of $120billion,has a population of 200million,once budget spending is removed,do you think what remains will be enough to share among citizens?,nigeria's idea of investing in citizens is to give out funds for MSMEs,funding businesses that'll provide jobs and investments,and latter increases government revenue. (iii)did you say SA has a "stable economic and political environment"?,your economy is stagnant,and correct me if i'm wrong,but isnt it in SA; *that the parliament is a wrestling ring? *that police invades the parliament to drag out an opposition member? *that MPs scream "pay back the money" at the president?. |
Re: Where Is Nigeria In The G-20 by DieeDiee: 2:41pm On Nov 17, 2014 |
EVarn: Parliamentary fights are common the world over in democratic countries and are a sign of a vibrant and democratic environment its called democracy in action you would know that if you didn't live a country that thinks democracy = campaigning by passing out expired rice repackaged with president's face |
Re: Where Is Nigeria In The G-20 by EVarn(m): 3:39pm On Nov 17, 2014 |
DieeDiee:oh my gawd ! ! you really think that MPs beating themselves up in parliament is democrasy?.you think police barging into parliament and arresting MPs during an active session is democrasy?.please dont tell me you're dumb. . . you claim that "democratic fighting is common in democratic countries",name one country where the parliament is a WWW wrestling tournament.is it the US,UK,france?,dont make me laugh. . . . . when did our president distribute expired rice to people?,so giving out food stuffs to people is a bad thing?,what happened to "providing basic materials to the people"? |
Re: Where Is Nigeria In The G-20 by magubane: 12:03am On Nov 20, 2014 |
For get Africa, where in the world can a citizen get a court order for the head of state to pay back the money he spent renovating his personal home?...back to africa South africa is a patriotic country and until Nigeria stops it's ignorance it will realise that. A yeare after gaining independance we hosted the Ruby world cup and won. We hosted the most successful worldcup in history. We have the most diversified economy in africa, where in africa can you find cities more beautiful then here Capetown, pretoria, johannesburg, durban, stellenborch, grahams town, nelson mandela bay, east london, kimberly it's endless they all have sky strappers and they are boom towns Entertainment, we provided your rich with premium intertainment, we have the biggest music industry in africa and the middle east, the biggest television market in africa and 6 biggest amonst africa/middle east and europe We also have the 18 biggest film industry in the world, with the highest grossing local film making over $250million District 9 Hate if you like but we love our country and we know you do to that is why you can't stop coming. 3 Likes |
Re: Where Is Nigeria In The G-20 by Nobody: 4:27am On Nov 21, 2014 |
G20? Very irrelevant. Malaysia taiwan iran thailand Nigeria pakistan egypt have bigger economies than many G20 countries but are not members of the G20. The G20 does not like changing members for courtesy and continuity purposes, if not , southafrica would have been kicked out. If Nigeria becomes a top 10 economy, G20 membership will be inevitable. |
Re: Where Is Nigeria In The G-20 by ActivateKruger: 6:28am On Nov 21, 2014 |
F117AA: - The G20 accounts for 85% of the world's economy, how is irrelevant? - Remind us, Pakistan and Egypt are larger than which G20 economies? - If Nigeria becomes a top 10 economy? Is that even guaranteed? Do you even know economics? |
Re: Where Is Nigeria In The G-20 by ActivateKruger: 6:32am On Nov 21, 2014 |
F117AA: - The G20 accounts for 85% of the world's economy, how is irrelevant? - Remind us, Pakistan and Egypt are larger than which G20 economies? - If Nigeria becomes a top 10 economy? Is that even guaranteed? Do you even know economics? - You want South Africa to be kicked out? Have Nigeria in? There are many better countries, the G20 isn't a forum for the top 20 largest economies but rather strategic economies which places South Africa in a better condition than Nigeria. |
Re: Where Is Nigeria In The G-20 by Nobody: 10:44am On Nov 21, 2014 |
EVarn: Nigerians have been robbed blind by their government incumbents they have even lost the idea of why the government is there and what its responsibilities are. 1. Please what are the responsibilities of a democraticly elected government? 2. Where does the money that the government uses comes from? 3. Where else would a government spend its money if they do not spend on its citizen, infrastructure and security? 4. Does population numbers influence GDP at all? If you can answer these you would have answered yourself. 1 Like 1 Share |
Re: Where Is Nigeria In The G-20 by Nobody: 10:52am On Nov 21, 2014 |
craziebone: Wow! And you are applauding this? 1. Where does the rest of the money go because Nigeria is one of the most poorly developed countries in Africa according to HDI while it is the biggest oil producer in Africa. Let alone on basic amenities e.g. Drinking water, sanitation, human habitation, poverty, healthcare, Education etc 2. Why then go to other countries to take advantage of the government subsidized scholarships, education, grants ( as in UK now has one the biggest Nigerians on its welfare, they eve go further to defraud the system ) and healthcare if you are happy with what you get from your government? Reference : Travel section on Nairaland 3. Are you giving your government a thumbs up? |
Re: Where Is Nigeria In The G-20 by Nobody: 11:04am On Nov 21, 2014 |
EVarn: I thought only South Africans and their dumb ANC government give out free things to lazy people? So, your government still inspires to do the same just that they only starting now? Or its a 80/20 rule. 80% for the ruling elites and 20% crumbs for the masses? And you endorse this? Where is the rest of your government money go? Why is your government starting now when they are the most less burdened countries in Africa with rest of the world picking up the tab as you have the biggest citizens in the diaspora sending money back to Nigeria? And you wear this disgrace with pride? Well, different strokes for different folks but don't you dare judge a competent government on how it chooses to take care of its own. 3 Likes 1 Share |
Re: Where Is Nigeria In The G-20 by Nobody: 6:23pm On Nov 21, 2014 |
ActivateKruger:As usual comprehension is a big southafrican problem. The G20 is just a talking meeting, it has little impact on the world economic realities. And no, i was not advocating that SA be kicked out even though SA is not a G20 country anyway. I said if Nigeria became a top 10 world economy, which is very possible, then the G20 will be given to us on a platter, probably at the expense of SA. Btw, what makes SA strategic? Is it the shrinking economy, widespread unionism, growing recession e.t.c. Nigeria has a much better economic growth, growing middle class and prospects even without doing much. The main reason SA is still in the G20 is because the G20 group does not fancy making radical changes like that for the sake of continuity. And also the difference in the economy of both nations is still somewhat marginal. |
Re: Where Is Nigeria In The G-20 by Nobody: 6:30pm On Nov 21, 2014 |
magubane:SA has the biggest entertainment industry in africa? lol. You must be high on cheap castle beer. The Nigerian movie industry(nollywood) alone is bigger than the entertainment industry of the SADC region put together. Even the music industries are not comparable. I doubt if there is any current SAn musician as rich and famous across the continent as wizkid, let alone the likes of dbanj, 2face, don jazzy , tiwa savage. psquare, flavour. These are the current kings and queens of africa's music industry. |
Re: Where Is Nigeria In The G-20 by DieeDiee: 6:35pm On Nov 21, 2014 |
EVarn: *singing and dancing* some ignorant fool who doesn't watch much parliamentary TV thinks he knows it all. If he knew just a teeny, weeny bit or watched parliamentary TV he would know fights are common and that in the UK they even punch each other. Ignorance is definitely NOT bliss! |
Re: Where Is Nigeria In The G-20 by DieeDiee: 6:42pm On Nov 21, 2014 |
EVarn: *singing and dancing* some ignorant fool who doesn't watch much parliamentary TV thinks he knows it all. If he knew just a teeny, weeny bit or watched parliamentary TV he would know fights are common and that in the UK they even punch each other. Ignorance is definitely NOT bliss! Less concern about WONDERFUL SA and more concern about ABYSMAL Nigeria and you would know when your president distributed expired rice. Lol... Nigerian government really needs to invest in it's people. I can see your education is lacking... Giving people expired food that will make people sick is NOT providing basic needs |
Re: Where Is Nigeria In The G-20 by Nobody: 6:55pm On Nov 21, 2014 |
DieeDiee:The Southafricans are very ignorant. A big shame though as they have some decent universities. Maybe the white population are the ones taking advantage of these educational resources. |
Re: Where Is Nigeria In The G-20 by DieeDiee: 7:03pm On Nov 21, 2014 |
LOLEST!!! Who the hell is Wizkid et al? You Nigerians are really delusional. You think we know or even care about your "celebrities"? LMAO Nollywood? That pathetic, low budget sorry for an excuse movie "industry"? How many Oscars and Oscar nominations has Nollywood produced? How many international movies have been made in Nigeria or international stars have acted in Nollywood movies? Who buys Nigerian movies? NIGERIANS! Who buys SA movies? THE WORLD! |
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