TippyTop:
Thank you NOI, you remain the greatest finance guru this side of America.

NOI left and we became saddled with budgets of fraud.

NOI,Financial guru that conived with thieves and scoundrels to milk us dry

Where are these mods sef, lalasticlala and co.

obasiken:
One President rebased our economy and told the world we are open for business and bilateral trade.

Another president told the world we are criminals.

TippyTop:
Thank you NOI, you remain the greatest finance guru this side of America.

NOI left and we became saddled with budgets of fraud.

Tkester:
What most of us don't even know is that the ranking was based on GDP-PPP and we (Nigeria) moved downwards. We were at the 19th position in 2014, and here we are at the 22nd position in 2015, thanks to Buhari the dullard of Daura.

I can confidently say that by the time Buhari is done with Nigeria we might be begging to be in the 50th position

SLIDEwaxie:
u no get sense. Check from the time of OBJ and see the descent increase in the economy. You think it stated with Jonathan?

adepiero:
Can you read at all? If yes, go back to the first paragraph and read it 10X until you understand what they meant by 5% growth from last year.

989900:
The reality on ground is different.

BTW, this article is incoherent.

LordAdam:


You see what you want not what is real.

Rankings are based on relativity. India's economy is two times larger than Japan's economy, but we all know life in Japan is way better than in India.

But the reality is that, by the time India's economy fully matures, Japan would not come close in terms of industrialization. A baby crawls before walking.

Nigeria is 23 largest (by GDP)/ 22 largest (by PPP). This is supporting the world's 7th largest population and terrible infrastructure. By 2050, we would have the 3rd largest population, and if by then we are able to have 24/7/365 uninterrupted power supply, not to mention better road and rail network, stronger financial institutions, better healthcare... our economy will be in the top 10 in the world. Look at China and India. Nigeria will be joining them soon. We are not going to fly there, small concrete steps mate.

[s]The typical Nigerian knows nothing about economy, everything is about stomach infrastructure. Bloody simpletons![/s]

-Lord

989900:


My bad; I'll perorate.

1. What was Nigeria's GDP (nominal and real) in 2013, 2014, 2015 ?

2. If the projection done in 2013 by PwC, SCB, IMF and e.t.c. projecting Nigeria to have an over 6 trillion nominal GDP (which mean we could be talking roughly 12 trillion GDP-PPP), 9th biggest in the world by 2050, is done this year with the current $ (not 2014$) and current oil prices, would it still be the same?

3. I'm sorry I called out the article as 'incoherent', and that was largely because:

a. it didn't differentiate/indicate if it is 'real', 'nominal', or 'PPP', GDP

b. those figures are just estimates/projections done sometime late 2015 -- even Naij (the source here) got wind of it and published the said article some over 2 months ago

c. if same estimates and projection are done now, it will be totally different

d. factor in that the CBN's exchange rate in 2015 (which is not a true reflection of situation on ground) was used, and not the parallel rate (which is of course more real to what the true cost of costs are, and that is some over 50% divergence from the CBN's at N310 to a dollar) . . . hope you get the drift

e. growth has slowed from averagely 7% growth rate between 2000-2014, to averagely 3-4% currently.

SLIDEwaxie:
u no get sense. Check from the time of OBJ and see the descent increase in the economy. You think it stated with Jonathan?

LordAdam:


Was NOI not under OBJ?

The economy grew faster under GEJ than under OBJ.

OBJ remains the only head-of-state to have changed the course of the economy in his two dispensations. First in 1975. After handing over to Shagari, the economy nose-dived and Buhari killed it completely. When he took power in 1999, he again changed the course after Shonekan had ruined the economy.

Yaradua made sure the global financial crisis of 2008 and the accompanying oil price fall did not affect the economy. Then GEJ came and transformed a $419b economy to a $574b economy (based on GDP) in 5 years. We rose from position #29 to #21 in just 5 years.

In just one year under Bubu, our economy has shrunk from $574b to $493b. We have fallen from position #21 to #23 in just 1 year.

PDP may have looted Nigeria, but make no mistake they know how to run a government. Under OBJ and Yaradua (10 years), Nigeria moved from position #48 to #29.

-Lord

TippyTop:


I dey fear this LordAdam abeg, see finishing

LordAdam:


Bros, I salute oh! Good AM.

-Lord