jason14:
even if oil dies , whatever new natural resource that becomes high in demand , Nigeria has it

No my fren..this round Nigeria is not part of it.We talking countries like Zimbabwe an her neighbors. Even Kenya

That is rich coming from you.

First distinguish btw Saudi/Norway/China forex invested in sovereign funds (those are the inter-generational ones which are invested in US TREASURY) - and Nigeria or Kenya forex that are kept in US bank vaults (as CASH) just to cover import bill. The Nigeria forex are kept for trading...next time an importer goes to CBN or a nigeria bank..they'll get part of that 40B dollars...it not invested in say treasury fund like China or Saudis or etc.

Nigeria forex as of last few years were nearly whipped out and people were struggling to get forex; right now there are two dollar rates - official and market rate -- therefore you're doing a bad job in forex business. If oil drop a few points - your forex will be whipped out in a few months.

Secondly you export a lot of oil - and yet you have measily 40B forex - Kenya export 5-6B dollars worth of stuff - and yet we have forex at 9-10B dollars!! - and please don't call cash kept for trading purpose - inter-generational. Nigeria has NO SAVINGS as far as their petrol dollars goes. ALL SQUANDERED. The next generation will only receive debts and degraded enviroment -your water systems is already messed up by oil spillage!

Thirdly as regard Somali - I am talking more important stuff - revenues and budget - what is per capita budget spending in Nigeria - the worst - maybe 150 dollars is all you'll get from your mighty Nigeria - a Kenya will get nearly 500-600USD.

obaaderemi:
The only laughable thing here is your crass ignorance. I would have love to laugh but Kenyan educational backwardness as displayed by your ignorant conjectures breaks my heart. I now totally agree with shervydman that you Kenyans have no business talking economics. Don't you know that foreign reserve is a kind of intergenerational savings? Okay,let me oblige you for a second and agree that foreign reserve is basically for the purpose of covering imports for at least 3 months. It might interest you to know that Nigeria's imports in a good year is $39bn and that's far lower than our $45bn reserve. For a whole year! While you are at it, check to see that Nigeria's balance of trade has remained positive for years. That means we export more than we import in terms of dollar value. The same however can not br said for Kenya whose balance of trade is always negative, meaning you import more than you export. You can't continue exporting cut flowers and tea to fund a country of 50m people. And while you are still digesting all of this, I'll like to tell you that Somalia's population is 14m and not the 5m you said. Again Somalia's reserve is less than $50Million and not the $1bn you gave them. Stop pulling figures out of your posterior.

jason14:
even if oil dies , whatever new natural resource that becomes high in demand , Nigeria has it

Nigeria has none of the mineral wealth of Central Africa.
Do you have Coltan
In East Africa,we have rare earth metals (Titanium in Kenya for example)Tanzania has several others too.
Nigeria does not.

GERALD710:

Nigeria has none of the mineral wealth of Central Africa.
Do you have Coltan
In East Africa,we have rare earth metals (Titanium in Kenya for example)Tanzania has several others too.
Nigeria does not.

So,why aren't u exploring and utilizing the numerous mineral resources you have?? ..

Mineral resources,I believe are gifts of nature.. Before oil was discovered in Nigeria, our economy survived on agriculture and it was doing very well.. I think the discovery of oil has turned out to be a curse rather than a blessing,but still out government explored and utilized it to grow the economy (at most times,their pocket)

Since east Africa has more mineral resource than Nigeria, why aren't u utilizing it to grow ur $70b economy? or are the minerals worthless?

Daejoyoung:

lol, l weak for the guy answer, to him oil is everything, and yet they claim to have a competitive market, so diversified, yet they still need oil to even shoot to a 100Billion dollar mark, even North Sudan with all the inflation is more impressive to me, or maybe their GDP is also cooked unlike that of the Kenyans.
And you too still wicked, why you dey remove 20Billion from the small one wen dem dey manage na?

It's ridiculous how they keep making all kinds of excuses for their incompetent government that has failed to grow their measly tiny economy. The sad thing is how some Nigerians are believing their nonsense.

Danielnino00:





So,why aren't u exploring and utilizing the numerous mineral resources you have?? ..

Mineral resources,I believe are gifts of nature.. Before oil was discovered in Nigeria, our economy survived on agriculture and it was doing very well.. I think the discovery of oil has turned out to be a curse rather than a blessing,but still out government explored and utilized it to grow the economy (at most times,their pocket)

Since east Africa has more mineral resource than Nigeria, why aren't u utilizing it to grow ur $70b economy? or are the minerals worthless?

Thank you. The same way they claimed their agriculture was bigger and more valuable till we busted that nonsense.

[

rvp20182:
That is rich coming from you.

First distinguish btw Saudi/Norway/China forex invested in sovereign funds (those are the inter-generational ones which are invested in US TREASURY) - and Nigeria or Kenya forex that are kept in US bank vaults (as CASH) just to cover import bill. The Nigeria forex are kept for trading...next time an importer goes to CBN or a nigeria bank..they'll get part of that 40B dollars...it not invested in say treasury fund like China or Saudis or etc.

Nigeria forex as of last few years were nearly whipped out and people were struggling to get forex; right now there are two dollar rates - official and market rate -- therefore you're doing a bad job in forex business. If oil drop a few points - your forex will be whipped out in a few months.

Secondly you export a lot of oil - and yet you have measily 40B forex - Kenya export 5-6B dollars worth of stuff - and yet we have forex at 9-10B dollars!! - and please don't call cash kept for trading purpose - inter-generational. Nigeria has NO SAVINGS as far as their petrol dollars goes. ALL SQUANDERED. The next generation will only receive debts and degraded enviroment -your water systems is already messed up by oil spillage!

Thirdly as regard Somali - I am talking more important stuff - revenues and budget - what is per capita budget spending in Nigeria - the worst - maybe 150 dollars is all you'll get from your mighty Nigeria - a Kenya will get nearly 500-600USD.

I think you Kenyans should stop talking economics and stick to posting pictures. Why is Nigeria's balance of payment positive while Kenya's balance of payment is negative? The more I dig about Kenya the scarier it gets. If a small country like Kenya could have such negative balance of payment then Africa is in serious trouble. You need to question your government what they are doing with your budget. And again you are wrong about Somalia figures. Don't fabricate figures to prove a point. That's desperation, my brother.

mtis:


You are petty…(Reminds me of market women an how they argue)..No offence man just my opinion

Is that all?

GERALD710:

Nigeria has none of the mineral wealth of Central Africa.
Do you have Coltan
In East Africa,we have rare earth metals (Titanium in Kenya for example)Tanzania has several others too.
Nigeria does not.

https://www.finelib.com/about/nigeria-natural-resources/tantalite-fe-mnta2o6-natural-deposits-in-nigeria-and-its-extraction/119
The mineral wealth of Nigeria and our brother Ghana dwarfs the entire mineral deposit of east Africa.

You keep drifting to stuff you can barely comprehend.

What has Trade Defficit (+ve or +ve balance of payments) got anything to do with anything. Our macro-economics are solid. The least of that can be said of Nigeria. You guys have trouble getting forexs and yet you export tonnes of oil - so all you positive trade deficit is link to Oil (and will drop with oil).

Yes kenya we do badly in export - our exports are stuck at 5-6B dollars - but we are way better than Nigeria - because after Oil - the next big export in Nigeria is COCOA beans - which is 5 times less than Ivory Coast or 3 times lower than Ghana..and yet you have 3 or 5 times land mass.

But unlike Nigeria who depend entirely on OIL trade to get forexs - we have many source of forex - that is why we have never ran out of forex - we get lots of forex from tourism (that is not captured in trade ), we got lot more forexs from fact that Nairobi is UN HQ and social entrepreneurship of the Africa (NGOS & donors targetting east africa), we have remittances and we have fledging BPO industry....all that mean...we don't have forex issues...we can buy as much imports as we need. So forex reserves or trade deficit - are non-issues!

Again next time you talk about economics - try at least to enrol in some basic lessons. For instance US has a negative trade deficit - but it's no biggie because US doesn't need forex when USD is default global currency.

obaaderemi:
I think you Kenyans should stop talking economics and stick to posting pictures. Why is Nigeria's balance of payment positive while Kenya's balance of payment is negative? The more I dig about Kenya the scarier it gets. If a small country like Kenya could have such negative balance of payment then Africa is in serious trouble. You need to question your government what they are doing with your budget. And again you are wrong about Somalia figures. Don't fabricate figures to prove a point. That's desperation, my brother.

GERALD710:

Nigeria has none of the mineral wealth of Central Africa.
Do you have Coltan
In East Africa,we have rare earth metals (Titanium in Kenya for example)Tanzania has several others too.
Nigeria does not.

hahaha ull be shocked , I'm d one thats telling that we have everything. its my country I know what I'm saying

I think you Kenyans should stop talking economics and stick to posting pictures. Why is Nigeria's balance of payment positive while Kenya's balance of payment is negative? The more I dig about Kenya the scarier it gets. If a small country like Kenya could have such negative balance of payment then Africa is in serious trouble. You need to question your government what they are doing with your budget. And again you are wrong about Somalia figures. Don't fabricate figures to prove a point. That's desperation, my brother.

You know Dangotelanders,its a shame you keep defaulting to the feminine narcissistic tendencies I discussed earlier.

1. Frequent Lies and Exaggerations

2. Rarely Admit Flaws and Are Highly Aggressive When Criticized

3. False Image Projection

4. Rule Breaking and Boundary Violation

5. Emotional Invalidation and Coercion

6. Manipulation: The Use or Control of Others as an Extension of Oneself

RVP20182,has gone out of his way to school you and while its obvious you guys are at the end of your collective intelligence you should at least try to follow his explanations. Its not that complicated and you may actually learn smth!

rvp20182:
You keep drifting to stuff you can barely comprehend.

What has Trade Defficit (+ve or +ve balance of payments) got anything to do with anything. Our macro-economics are solid. The least of that can be said of Nigeria. You guys have trouble getting forexs and yet you export tonnes of oil - so all you positive trade deficit is link to Oil (and will drop with oil).

Yes kenya we do badly in export - our exports are stuck at 5-6B dollars - but we are way better than Nigeria - because after Oil - the next big export in Nigeria is COCOA beans - which is 5 times less than Ivory Coast or 3 times lower than Ghana..and yet you have 3 or 5 times land mass.

But unlike Nigeria who depend entirely on OIL trade to get forexs - we have many source of forex - that is why we have never ran out of forex - we get lots of forex from tourism (that is not captured in trade ), we got lot more forexs from fact that Nairobi is UN HQ and social entrepreneurship of the Africa (NGOS & donors targetting east africa), we have remittances and we have fledging BPO industry....all that mean...we don't have forex issues...we can buy as much imports as we need. So forex reserves or trade deficit - are non-issues!

Again next time you talk about economics - try at least to enrol in some basic lessons. For instance US has a negative trade deficit - but it's no biggie because US doesn't need forex when USD is default global currency.

I pity you. You are a poor student of economics and you keep making a fool of yourself here the more you try to wriggle out. How can an educated man from a small African country like Kenya say what has trade deficit got to do with ANYTHING? AND then you went ahead to use the American economy as an example to justify an affair which is slowly wrecking Kenya's socioeconomic stability. Now I can see you are just arguing for the sake of it. Read this and see how trade deficit affects poor countries such as Kenya. You might not understand because of your ossified mind but who knows? a Kenyan somewhere with an open mind will read and understand.


https://www.businessdailyafrica.com/economy/Kenya-s-trade-deficit-crosses-Sh1trn-mark/3946234-4282150-73a1q9/index.html
Analysts say the widening deficit is piling pressure
on the shilling against global currencies such as the
dollar, denying Kenya an opportunity to create more
jobs because locals lose out to foreign
manufacturers.
READ: Flat exports as trade deficit hits Sh946bn
The high demand for the dollar to fund imports
forces the CBK to intervene, depleting foreign
exchange reserves.
A wider deficit is watched closely by global
investors, especially when Kenya seeks foreign
debt, as it affects the recommended external debt
service to exports ratio of 21 per cent, which Kenya
has already breached.

kikuyu2:


You know Dangotelanders,its a shame you keep defaulting to the feminine narcissistic tendencies I discussed earlier.



RVP20182,has gone out of his way to school you and while its obvious you guys are at the end of your collective intelligence you should at least try to follow his explanations. Its not that complicated and you may actually learn smth!

Well done, old sport. Rvp20182, a man who could not read a simple chart is now your saviour on this thread? The same man who said "What has trade deficit got to do with anything?". The same man who said Somalia's population is 5million and claimed Angola's budget is $124bn. The same man who said American agric is valued at $200bn and when i showed him its over $400bn still kept turning facts on their head.Well done,sir but I held you in higher esteem than this being a Kikuyu. Like I told you before you are allowing that illiterate small boy to lead you by the nose. Now let's see what you got to say about the chart your boy couldn't understand.

You'll find all stories - but kenya has never had issues with forex - and Kshs is one of Africa most stable currency. Enough said.

obaaderemi:
I pity you. You are a poor student of economics and you keep making a fool of yourself here the more you try to wriggle out. How can an educated man from a small African country like Kenya say what has trade deficit got to do with ANYTHING? AND then you went ahead to use the American economy as an example to justify an affair which is slowly wrecking Kenya's socioeconomic stability. Now I can see you are just arguing for the sake of it. Read this and see how trade deficit affects poor countries such as Kenya. You might not understand because of your ossified mind but who knows? a Kenyan somewhere with an open mind will read and understand.


https://www.businessdailyafrica.com/economy/Kenya-s-trade-deficit-crosses-Sh1trn-mark/3946234-4282150-73a1q9/index.html
Analysts say the widening deficit is piling pressure
on the shilling against global currencies such as the
dollar, denying Kenya an opportunity to create more
jobs because locals lose out to foreign
manufacturers.
READ: Flat exports as trade deficit hits Sh946bn
The high demand for the dollar to fund imports
forces the CBK to intervene, depleting foreign
exchange reserves.
A wider deficit is watched closely by global
investors, especially when Kenya seeks foreign
debt, as it affects the recommended external debt
service to exports ratio of 21 per cent, which Kenya
has already breached.

Your map is nothing more than % of arable land. It's just the mapping of farm lands. Not productivity. You can see Nigeria or Uganda are blessed with lots of Arable land..but what have they done with it...except grow millet & sorghum in it.

obaaderemi:
Well done, old sport. Rvp20182, a man who could not read a simple chart is now your saviour on this thread? The same man who said "What has trade deficit got to do with anything?". The same man who said Somalia's population is 5million and claimed Angola's budget is $124bn. The same man who said American agric is valued at $200bn and when i showed him its over $400bn still kept turning facts on their head.Well done,sir but I held you in higher esteem than this being a Kikuyu. Like I told you before you are allowing that illiterate small boy to lead you by the nose. Now let's see what you got to say about the chart your boy couldn't understand.

Nigerian states and their mineral resources

http://morounke.tripod.com/mineral_resources_from_each_stat.htm

Finally found some semblance of data from nigeria gdp.

So apparently Nigeria yams & cassave contributed around 14B dollars Naira as of 2012! None of it exported - I wonder what is per capita consumption of Yams in Nigeria

rvp20182:
Your map is nothing more than % of arable land. It's just the mapping of farm lands. Not productivity. You can see Nigeria or Uganda are blessed with lots of Arable land..but what have they done with it...except grow millet & sorghum in it.

Now it is clear you and your friends have been arguing just for the sake of it. If you can't read that chart, then Kenyan educational standard should be questioned. Enough! Now let me educate you a bit. Look at the chart, on the left hand side is a table with colored lines on it representing regions of Africa. At the top of the table is written "Agricultural production in dollars per person." So that chart is not only about crop production but also about value in dollar terms. Now if you look again, you will see that production for East Africa where Kenya is is just $100 per person, among the lowest in Africa. Look at the line for West Africa, where Nigeria dominates and it's above $300 per person. Now multiply 300 by 200m people and you arrive at $60bn +.For crop alone in a year! For Kenya with 50m people you have $100 * 50m. That's a paltry $5bn. Your grasp of statistics is so poor we can begin to excuse Kenya National Bureau of Statistics for its fake data.

rvp20182:
You'll find all stories - but kenya has never had issues with forex - and Kshs is one of Africa most stable currency. Enough said.

I will spare you now. I am beginning to feel sorry for you. You are a lone tiny voice here.

obaaderemi:
I will spare you now. I am beginning to feel sorry for you. You are a lone tiny voice here.

I can see u're still dealing with them. I just pity Kikuyu1, he has turned d thread to discovery channel.

obaaderemi:
Well done, old sport. Rvp20182, a man who could not read a simple chart is now your saviour on this thread? The same man who said "What has trade deficit got to do with anything?". The same man who said Somalia's population is 5million and claimed Angola's budget is $124bn. The same man who said American agric is valued at $200bn and when i showed him its over $400bn still kept turning facts on their head.Well done,sir but I held you in higher esteem than this being a Kikuyu. Like I told you before you are allowing that illiterate small boy to lead you by the nose. Now let's see what you got to say about the chart your boy couldn't understand.

the same man that said 100million Ethiopians live in deserts , the same man that said everybody in Nigeria is poor lool delusions

kikuyu2:


You know Dangotelanders,its a shame you keep defaulting to the feminine narcissistic tendencies I discussed earlier.



RVP20182,has gone out of his way to school you and while its obvious you guys are at the end of your collective intelligence you should at least try to follow his explanations. Its not that complicated and you may actually learn smth!

lol, Kikuyu1/Kikuyu2...... rvp2017/rvp2018/rvp20182. na so d tin dey totori una reach??

shervydman:
I can see u're still dealing with them. I just pity Kikuyu1, he has turned d thread to discovery channel.

Dealing with them back to back. Pity them please.

jason14:
the same man that said 100million Ethiopians live in deserts , the same man that said everybody in Nigeria is poor lool delusions

Na so we see am o. How can a supposedly educated man say 100m Ethiopians live in deserts? And his country is next door to ethiopia. He never gets his facts right. Its a dysfunction of Kenyan education.

rvp20182:
Finally found some semblance of data from nigeria gdp.

So apparently Nigeria yams & cassave contributed around 14B dollars Naira as of 2012! None of it exported - I wonder what is per capita consumption of Yams in Nigeria

Finally! Some hard data and not vague irrelevant regional per capita stats that don't capture anything needful-ofc it had to be you to find it.

Dangotelanders,you're going in circles, give us your average teachers,cops and doctors take home pay. Here's ours.

TS IV 19,323 24,662 5,000 4,000 28,323 33,662
J GAT III 24,662 29,918 6,000 4,000 34,662 39,918
K GAT II 31,020 41,590 10,000 5,000 46,020 56,590
L GAT I 35,910 45,880 20,000 6,000 61,910 71,880
M Senior GAT 41,590 55,840 20,000 8,000 69,590 83,840
N Principal GAT II 48,190 65,290 24,000 8,000 80,190 97,290
P Principal GAT I 77,527 103,894 40,000 12,000 129,527 155,894
Q Senior Principal 89,748 120,270 40,000 14,000 143,748 174,270
R Chief Principal 109,089 144,928 40,000 16,000 165,089 200,928

https://victormatara.com/teachers-salaries-and-allowances-in-kenya-2018/

GAT 1 is a degree holder with at least 3 years experience,wherein most of our teachers lie.

Cops aren't badly off to the surprise of many.

The basic salary for Kenya police constable was sh. 32,880,
2. Corporals take home basic pay of Ksh 42, 660.
3.A constable pockets sh 45, 540 every end of the month.
4. Senior sergeants gets Sh50,220.
5. Police inspector earns a basic pay of Sh53,820.
6. Ass. Superintendent of police gets Sh70,530.
7. A Superintendent procures Ksh Sh73,020
8. A Senior superintendent gets Sh85,890.
10. Assistant inspector-general of police pockets Sh187,890.
11. A senior assistant inspector-general takes home Sh274,890 every month
12. The Inspector General of Police gets Sh854,241.

Read more: https://www.tuko.co.ke/269415-kenya-police-salary-2018.html#269415

https://www.tuko.co.ke/269415-kenya-police-salary-2018.html#269415

Our docs got a good raise after long strike as part of their CBA.

Doctors in public hospitals yesterday inked a deal with governors that will lift the top earners’ pay to Sh582,954.

The collective bargaining agreement (CBA) signed with the Council of Governors (CoG) will see the lowest-paid doctor (intern) earn Sh206,989, including allowances.

https://www.businessdailyafrica.com/economy/Medical-interns-earn-Sh206-000-salary-deal/3946234-4003916-3q7nhoz/index.html

Tell us how much you pay your crucial workers in 'the Giant.' Astonish us with the power of a half trillion dollar economy to reward its critical workers! 1 USD is 100 kshs. When you post your figures pls indicate which exchange rate you use! And btw,every nation compares to the USD regardless of economic situation.

rvp20182:
Finally found some semblance of data from nigeria gdp.

So apparently Nigeria yams & cassave contributed around 14B dollars Naira as of 2012! None of it exported - I wonder what is per capita consumption of Yams in Nigeria

Clap for yourself... For digging out a 6 years old outdated data..

Danielnino00:



Clap for yourself... For digging out a 6 years old outdated data..

The Kenyans left on this thread are so funny. They keep digging for all kind of data like they are digging for oil.

Whats Up Codeine smokers !!!

kikuyu1:


Finally! Some hard data and not vague irrelevant regional per capita stats that don't capture anything needful-ofc it had to be you to find it.

Dangotelanders,you're going in circles, give us your average teachers,cops and doctors take home pay. Here's ours.

TS IV 19,323 24,662 5,000 4,000 28,323 33,662
J GAT III 24,662 29,918 6,000 4,000 34,662 39,918
K GAT II 31,020 41,590 10,000 5,000 46,020 56,590
L GAT I 35,910 45,880 20,000 6,000 61,910 71,880
M Senior GAT 41,590 55,840 20,000 8,000 69,590 83,840
N Principal GAT II 48,190 65,290 24,000 8,000 80,190 97,290
P Principal GAT I 77,527 103,894 40,000 12,000 129,527 155,894
Q Senior Principal 89,748 120,270 40,000 14,000 143,748 174,270
R Chief Principal 109,089 144,928 40,000 16,000 165,089 200,928

https://victormatara.com/teachers-salaries-and-allowances-in-kenya-2018/

GAT 1 is a degree holder with at least 3 years experience,wherein most of our teachers lie.

Cops aren't badly off to the surprise of many.

The basic salary for Kenya police constable was sh. 32,880,
2. Corporals take home basic pay of Ksh 42, 660.
3.A constable pockets sh 45, 540 every end of the month.
4. Senior sergeants gets Sh50,220.
5. Police inspector earns a basic pay of Sh53,820.
6. Ass. Superintendent of police gets Sh70,530.
7. A Superintendent procures Ksh Sh73,020
8. A Senior superintendent gets Sh85,890.
10. Assistant inspector-general of police pockets Sh187,890.
11. A senior assistant inspector-general takes home Sh274,890 every month
12. The Inspector General of Police gets Sh854,241.

Read more: https://www.tuko.co.ke/269415-kenya-police-salary-2018.html#269415

https://www.tuko.co.ke/269415-kenya-police-salary-2018.html#269415

Our docs got a good raise after long strike as part of their CBA.


https://www.businessdailyafrica.com/economy/Medical-interns-earn-Sh206-000-salary-deal/3946234-4003916-3q7nhoz/index.html

Tell us how much you pay your crucial workers in 'the Giant.' Astonish us with the power of a half trillion dollar economy to reward its critical workers! 1 USD is 100 kshs. When you post your figures pls indicate which exchange rate you use! And btw,every nation compares to the USD regardless of economic situation.

why don't u ask Mr google to do that for u??

shervydman:
why don't u ask Mr google to do that for u??

IMO; you're at best a third of those stats. Surprise me! Astonish me with Dangotelands' equivalent pay. Come on? There is a serious lack of hard data from you guys throughout this thread. WHAT DO YOU HAVE TO LOSE?