rvp2018:
Lagos & Nigeria can claim any GDP figure (it's all free) - but it won't increase the size of fufu on their plate. Lagos can claim to have GDP bigger than Algeria or Kenya - but it still will have 2-3B dollars every here to gather for 10-20M people. Kenya has 28+3B (31-32)B to spend every year. GDP can only be helpful if it;s credible to be trusted by investors or lenders , if it actually generate revenue & taxes.

68816419:

Lagos is far better than Kenya in all reunification, size, economy, infrastructure, tax revenue !

rvp2018:
Maybe when you count in Naira...try USD. The exalted lagos - collect roughly N500B - which in US is mere $1.38B per annum. Kenya collects $15B from taxes alone - total revenue is close to $20B - with total budget nearly equal to Nigeria's. Nairobi on it's own - despite not being a state - manages to collect about %0.2B from land rates & licensing fee only.
https://www.dailytrust.com.ng/lagos-total-revenue-in-2017-stands-at-n503-7bn-ambode.html

rvp2018:
Maybe when you count in Naira...try USD. The exalted lagos - collect roughly N500B - which in US is mere $1.38B per annum. Kenya collects $15B from taxes alone - total revenue is close to $20B - with total budget nearly equal to Nigeria's. Nairobi on it's own - despite not being a state - manages to collect about %0.2B from land rates & licensing fee only.
https://www.dailytrust.com.ng/lagos-total-revenue-in-2017-stands-at-n503-7bn-ambode.html

rvp2018:
Maybe when you count in Naira...try USD. The exalted lagos - collect roughly N500B - which in US is mere $1.38B per annum. Kenya collects $15B from taxes alone - total revenue is close to $20B - with total budget nearly equal to Nigeria's. Nairobi on it's own - despite not being a state - manages to collect about %0.2B from land rates & licensing fee only.
https://www.dailytrust.com.ng/lagos-total-revenue-in-2017-stands-at-n503-7bn-ambode.html

68816419:

Same shitty talk with no prove, how about Kenya Foreign Exchange Reserves vs Nigeria Foreign Exchange Reserves?
From the graph trends, one could see how stupidly Kenya is declining as a result of massive corruption(unnecessary withdrawal) , but same can not be said to Nigeria

68816419:
Lagos was the seventh largest economy in Africa in 2014 with gdp of $90 billion guess what number it is now?
sources -
https://qz.com/676819/lagos-is-afric...rst-oil-finds/
I think numbers differ on different stats...
in 2017 its gdp hit $136 billion( Lagos grew during the Nigerian recession)
http://sunnewsonline.com/lagos-gdp-hits-136b-ambode/

rvp2018:
You need forex to cover import bill. Kenya has never had any problem with it's forex reserve. The recommendation I think is to have 3-4 months import cover of forex. Kenya has way more than that. Don't talk about Nigeria forex - you guys have SERIOUS MIGHTY Issues.

68816419:

"Kenya has never had any problem with it's Forex reserve " ....please how OK are you, can you please interpret this graph below ?

68816419:

"Kenya has never had any problem with it's Forex reserve " ....please how OK are you, can you please interpret this graph below ?

shervydman:
oga, leave this one alone, abeg. Their forex reserve is declining very fast n he's blabbing jargons.

rvp2018:
Cooked GDP is not going to add revenue that Lagos need to build infrastructure, to supply water to it's resident, electricity to it's people, to collect garbagae, build low cost housing to replace makoko, and name it.

rvp2018:
Declining. Kenya is not nigeria. Our forex at the HIGHEST it's ever been at $8.85B - and that covers all our imports needs - and leave enough to defend our KShs - which is one of Africa very stable and solid currency. We ran our macro-economics very seriously. This is not Nigeria's Central Bank - which rans on vodoo. The last and first time we had forex issues was 1990-1993!!!

Kenyans have never had to worry about forex shortage or oil shortage or petrol queues? or blackouts or whatever shortages the last many decades- nigeria crapple with daily. Those are very strange problems....you find in Ethiopia or Nigeria or such countries..Not KENYA. Most people in kenya don't even know you can ever ran out of forex and have to go to black market

The usual 3-4 months - seem we now have 6 months import bill worth of forex - that can only mean KSHS will appreciate against the dollar. Way too strong.

https://www.businessdailyafrica.com/markets/marketnews/Kenya-foreign-exchange-reserves-at-record-high-last-week/3815534-3912122-gnd0hm/index.html

rvp2018:
Cooked GDP is not going to add revenue that Lagos need to build infrastructure, to supply water to it's resident, electricity to it's people, to collect garbagae, build low cost housing to replace makoko, and name it.

rvp2018:
Ohoo we had forex problems last in 1992 -nearly 30 yrs ago - when we devalued our Kshs to dollar from 1-20sh to 1-nearly 60s - and that was all.

You can interpret forex with import bill. You only need forex to import stuff or pay debts. We have more than enough cover -4 months.

Our Kshs is one of Africa most stable country because our Central Bank is not ran by voodoo like Nigerian one. And it's free-floating.

I think our forex reserve is 7-9$ billion dollars and it's doesn't swing with OIL like Nigeria. It kept pace with our import bill....and you can buy as much forex as you want in Nairobi. There is no black market. The problem is your naira shs is worthless.

shervydman:
oga, leave this one alone, abeg. Their forex reserve is declining very fast n he's blabbing jargons.

68816419:

"our forex at the HIGHEST it's ever been at $8.85B " PLEASE HAVE A LOOK A THE GRAPH ONCE MORE, I AM ACTUALLY GETTING PISSED OF NOW, HOW COULD ONE BE SO DELUSIONAL ?

jason14:
Mr rsvgp this is Nigeria's GDP calculated by world bank


https://www.google.com/url?q=https://tradingeconomics.com/nigeria/gdp&sa=U&ved=2ahUKEwjLiuHnmNjaAhVJb1AKHVtoC1MQFjAEegQIChAB&usg=AOvVaw1SywPHH-Gaba9SHXO92LmP


....JASON THE NAIJA DUDE

rvp2018:
Facts are very stubborn.
1) Our forex are not declining..rather they are the highest they ever have been ..at nearly 9 billion dollars. Our import bill is around 12-18 B dollars..so we have more than enough to cover us...we only need 6-7B dollars forex.
2) Our Kshs is now gaining against the dollar...
3) There is very little you can do with 2-3B dollars in a town of 10-20M folks. Very little. You're talking removing 3 round abouts and install 6,000 lights. Ohoo boy how do we even begin. CCTV.....

And you wonder why you live in a slum city without electricity, water or sewage? And all of you are just waiting for Dangote

rvp2018:
WB or IMF do not calculate GDP. They adopt whatever is calculated by any country including Nigeria or Russia or North Korea. Obviously there are so many ways one can check the correctness or validity of GDP - WB or IMF are not in that business - because it's politically - but when Nigeria tries to borrow loan from IMF or WB - they will get as much as they can service from their very little revenue.

68816419:


HAHAHAHAH THIS GRAPH WAS PROVIDED BY YOUR "KENYA CENTRAL BANK"...SO WOULD YOU ALSO DISPUTE IT CREDIBILITY ?