Danielnino00:
The so called queens of Africa volleyball have been eliminated from the Africa women u-20 volleyball championship in their own country .

They celebrated when they beat Tanzania the other day..but Nigeria and Cameroon taught them.something

jaycent:

Kazikazi:
why are u jeolous? Do u think we r like u? In tanzania almost all farms are owned by locals.there is no white settlers in Tz..thats why we dont starve.reach our levels dude!

Danielnino00:




The usual cooled figure bla bla



And u have been lying all this time about Kenya being almost arid.. Less than half of.Kenya is arid..

Northern Nigeria accounts for over half of Nigeria agricultural production yet its arid with less rainfall than the south...

since u have been on this thread,u have being lying and lying..

Daejoyoung:

Always lying and quoting figures from his arse.

Obi1kenobi:


Every round of Eurobond Nigeria has floated has been oversubscribed several times over and we've never had problems accessing loans with the World Bank/IMF. We've had this argument before and I'm not sure why you've kept repeating it even though it should be clear to you by now there is no accuracy to it. Our comparatively low debt level is a measure of fiscal conservatism and has absolutely nothing to do with inability to access these credits. We have $47b in foreign reserves compared to $8b from Kenya, and you're trying to tell me you have more access to international credit than we do? This particular administration though has already added more to our national debt than PDP did in 16 years. Since Obasanjo's Presidency, we had run a tight ship in managing national debt.
This is not arguing about the accuracy or otherwise of our GDP. I'm inclined to believe a couple of sectors, especially agriculture and telecoms, have inflated data, and more realistically our GDP might be somewhere a little above $300b, rather than close to $500b. But you don't have to get all fanatical with inaccuracies to prove the point.

And there is nothing "low-dollar" about those crops. If we are not making enough money from it, it's because we're not producing enough, not because they are "low dollar" crops. A tuber of yam is actually pretty expensive, and oil palm was Nigeria's biggest forex earner before the crude boom, and countries like Malaysia and Indonesia still make a killing from oil palm. Dismissing crops claiming "no middle class in Kenya eats it" is pretty childish. Apart from the fact that these are usually processed into a host of consumer products rather than directly consumed as food (except yam which is a delicacy round the world), what Kenya eats is hardly a gauge of the value of a crop.

Brazil's Agriculture ( Which in GDP mean ISIC divisions 1-5 -includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production)

It's apex in contribution to GDP as you would expect in any country (not nigeria) was 26% of GDP in 1960s - and now it's 5.5% of GDP as of 2016. Naturally all countries except Nigeria will see contribution of agri to GDP reduce to nothing - because it's has little value ( all the peanuts in the world are worth maybe 1,000 iphones smiley). Kenya GDP /agri gdp has similarly dropped to now 23%...and dropping annually.

Brazil GDP is 1.8 trillion...and it's share of Agriculture is 99 billion dollars...about size of Kenya's GDP.

Nigeria are telling us their agriculture is TWICE BRAZIL, more than US and apparently it one of world hidden wonders.

Now just imagine how good brazil are in agriculture (think of sugar, soya beans, name it), think of Amazon forest and think all that is worth 99BILLION dollars..when measured by somebody with a brain cell...

Yemi Kale tells Nigerians - you have 200B dollars worth of Agriculture smiley I mean grin grin grin grin Granted...you have all the peanuts in the world grin but surely - you agriculture is bigger than US of A - bigger than Brazil?

Sorry but I haven't stopped laughing the last 2hrs...I think folks around me think I am crazy grin grin grin

Again reading thro the comments of your guys explain why Nigeria is the butt of jokes globally. Zero Critical thinking.

We've looked at Nigeria budget - that include revenues - both at state and federal level - and the difference btw Nigeria and kenya came down to few billion dollars.Well I think you should I have quit at that point. You see the budget consist of revenue+ debt/deficit financing - and of course how realistic those projections are.

I did look at you internally generated revenue and I was shocked!

In 2017 - Nigeria Federal IFIS - collected about 4 trillion Naira with 1.4 trillion coming from petro-dollars - in total taxes it collected - is mere 12-13B dollars - with 1/3 of it's coming from oil.In 2017 - All the Nigeria states collected just slightly less than 1 trillion Naira - with Lagos collecting 1/3 of that - that is another 3B dollars - with Lagos collecting about 1B dollars.[/b]

In total - Nigeria's states and federal gov - collected taxes worth 15-16b dollars (depending on which exchange rate one uses).

In 2017- Kenya Revenue Authority - collected 14B dollars...and all counties combined collected (from levies & fees) around 1b dollars..

So in conclusion..Nigeria the giant of 200M people with supposedly 500B dollar economy grin grin manage to collect as many taxes ($15B) as kenya the dwarft of 50M people with 88B economy grin - and about 4.5B of that from oil.

So if you remove oil - nigeria total taxes is about $10B - against kenya's $15B grin grin grin grin grin grin grin grin grin grin. The paper tiger can only raise about the same tax (minus oil) that Tanzania raise...whose GDP is 10 times lower than Nigeria - I mean over-cooked GDP.

Btw,naira to usd is 370. Read the whole thing twice and see Prof Falade was right! [b]If you can come up with reliable economic stats we can discuss.

We exhaustively concluded your REAL GDP is max 220 bn USD. Your stats Chief, Yemi Kale has for years taken you on a very cruel ride to lala land!
THE TRUTH IS YOU SIMPLY DON'T PRODUCE ANYTHING! We looked at critical consumption data and even did a sectoral breakdown of your economy.
All your stats, agriculture, ICT,construction etc,etc read more like Uganda or Zambia,nigga! Do this:look at the countries you supposedly group with on the global GDP per capita list and compare the following-steel/electrical use/vehicles per thousand/meat and milk consumption per capita and see the truth.
Prof Johnson Falade was right when he said your REAL GDP PER CAPITA WAS ONLY 1154 USD IN 2011. Mind you this was 2011 way before your recession, so its even lower now.

obaaderemi:
There you go again, boy. Playing the victim card.(..."on me,me,me").Everything is insult to you because of your inflated ego.I hope you are not suffering from Histrionic Personal Disorder. Point out the insults and the anger in my post. I can't be angry with you. You are my brother. This arguments are just what they are--inconsequential.
.And--in all honesty--you are the last person to offend anyone.You've become so ridiculous here with your history of errors, lies and oversights.

Funny boy. You should slap yourself for using the bolded word.Are you not the same boy I had to just to ignore when you repeatedly failed to substantiate your prejudicial and sick claim that no nation was more corrupt that Nigeria? Your last attempt at redemption was the funniest after you admitted getting some of your facts from a link with erroneous information. Yes,it is a fact that India would do better if it wasn't so crazily populous. See the bolded below:

I can see you've settled your quarrel with google and now do your researches before talking to avoid your now infamous oversights. .The argument was that America can not ignore China. If everyone agrees that China could hurt America's economy then does that not show why China receives so many American presidential visits?And yes,if China dumps those American bonds on the market, America would be in serious trouble.Interest rates and bond prices would go up and hurt borrowing. The American economy would slow down.And with Europe also joining China against Trump's America, not only America's economy but the global economy would be crippled. That's called recession. That's why even Trump's aides think he is crazy to start a trade war with China. There should be better options.
I didn't pick Saudi Arabia in my analysis because I thought the reason would be clear to even a self-claimed video game addicted 11year old who had the most basic knowledge of American-Saudi relationship.I was going to ignore this part of your post but since you insist.
Now,pay attention.Saudi and America started their relationship in the 1930s.That's a lot of time to be in bed together.Again, Saudi Arabia is America's most important strategic partner in the Gulf, an area far more important to America than Sub Saharan Africa for a number of reasons. Again, America's investment in Saudi is huge while Saudi's investment in America is huge as well. For your information, Saudi's Aramco was started with American capital. Plus the fact that America maintains at least five military bases in Saudi alone. How many does it have in Africa?Nigeria even rejected one. So you see why every American serving president must visit Saudi, in spite of its poor human rights records. I wonder why you would stoop so low as to bring Saudi into such an analysis. It's what nowenuse said about your attitude of juxtaposing apples and oranges.

Obama refused to visit Nigeria and even Kenya during his first term due to unbridled corruption as cited by the american press.Jonathan's apparent lack of seriousness in nipping terrorism in the bud was an added disadvantage. After its shame for backing Mobutu in the past,America has become more careful about associating with african regimes that are not popular.You asked for an education and an education you will get,boy.
Since this argument about presidential visits is so important to you,(silly to me)let me inform you that Nigeria (the giant,sorry) opened the door for Sub Sahara Africa when it comes to official visits by American presidents. It happened for the first time in 1978 when Jimmy Carter visited General Obasanjo.Since then two other serving American presidents have visited. Including the one that visited when you were playing video game.. That makes three.No other Sub Saharan African country has received more than three American presidents.Feed your eyes on the two sophisticated gentlemen below:
Segun and Jimmy circa 1978 Lagos, Nigeria

kikuyu1:


My goodness! You actually said that-is that really you,obi1kenobi? I just posted up your economic breakdown and on the same page showed your oil earnings aren't getting to your treasury! Where would those billions therefore be coming from?



And more....



Also...

Earnings and revenues are low AF so please tell us how me,rvp2018 and Prof Falade who estimate your GDP max 200 bn$ are wrong. I'll wait.

Obi1kenobi:


Every round of Eurobond Nigeria has floated has been oversubscribed several times over and we've never had problems accessing loans with the World Bank/IMF. We've had this argument before and I'm not sure why you've kept repeating it even though it should be clear to you by now there is no accuracy to it. Our comparatively low debt level is a measure of fiscal conservatism and has absolutely nothing to do with inability to access these credits. We have $47b in foreign reserves compared to $8b from Kenya, and you're trying to tell me you have more access to international credit than we do? This particular administration though has already added more to our national debt than PDP did in 16 years. Since Obasanjo's Presidency, we had run a tight ship in managing national debt.
This is not arguing about the accuracy or otherwise of our GDP. I'm inclined to believe a couple of sectors, especially agriculture and telecoms, have inflated data, and more realistically our GDP might be somewhere a little above $300b, rather than close to $500b. But you don't have to get all fanatical with inaccuracies to prove the point.

And there is nothing "low-dollar" about those crops. If we are not making enough money from it, it's because we're not producing enough, not because they are "low dollar" crops. A tuber of yam is actually pretty expensive, and oil palm was Nigeria's biggest forex earner before the crude boom, and countries like Malaysia and Indonesia still make a killing from oil palm. Dismissing crops claiming "no middle class in Kenya eats it" is pretty childish. Apart from the fact that these are usually processed into a host of consumer products rather than directly consumed as food (except yam which is a delicacy round the world), what Kenya eats is hardly a gauge of the value of a crop.

Daejoyoung:

Hmm ok Tayser, it was Croatia (eventual silver medallists ) Who whopped us, not lceland.

rvp2018:
Please try understand what forex reserve is and what they are meant for.Those are mainly for trade aka import cover and defending the naira.You can only borrow more than kenya if have more revenue than us..those revenue you use to repay debt.Nigeria can only borrow when oil prices are predictably high.Kenya can borrow any day.Nigeria has struggle with 1.5b eurobonds..we are 4b eurobond..china 10b..adb..wb..imf..our revenues equal to n8geria are reliable

Kazikazi:
why are u jeolous? Do u think we r like u? In tanzania almost all farms are owned by locals.there is no white settlers in Tz..thats why we dont starve.reach our levels dude!

Kenyan businessman David Langat has made a bold move to expand his tea venture with an acquisition of one of the leading tea producers and trading company in Tanzania.

https://www.standardmedia.co.ke/business/article/2001273543/kenyan-tycoon-buys-tanzania-tea-firms-for-sh6b

Danielnino00:




That's some good record up there .. But I'm really amused.

I remember the arguments we had regarding sport. you folks made us understand that u dominate almost every sport u are good at up to the world level .. But ur world record here is rather pathetic... ..

And ur so hyped rugby team once again failed to qualify for the rugby world cup..Is it just rugby7s u know?

Obi1kenobi:


I don't quite get the point here. I said I was inclined to believe Nigeria's GDP was closer to $300b rather than $500b. The point is I believe it is significantly lower than what is declared now, as the methodology isn't clear. I don't have exact figures and you haven't linked us to a study that is credible and comprehensive either. One line from one Professor's speech is not enough to accurately determine GDP. What more are you expecting me to add to that? I'm open to any information you have that is credible.

Kazikazi:
You are dreaming! Were did u got that 40%? Whom are u trying to cheat? Now look this

rvp2018:
Please try understand what forex reserve is and what they are meant for.Those are mainly for trade aka import cover and defending the naira.You can only borrow more than kenya if have more revenue than us..those revenue you use to repay debt.Nigeria can only borrow when oil prices are predictably high.Kenya can borrow any day.Nigeria has struggle with 1.5b eurobonds..we are 4b eurobond..china 10b..adb..wb..imf..our revenues equal to n8geria are reliable

Obi1kenobi:


I know what they are used for. And they can be used to shore up potential creditor confidence when you have substantial debts. The point was that there isn't any evidence at all that we are less capable of accessing loans. There are no grounds for the claim about IMF. We are not struggling with any Eurobonds. Either provide the source of these claims or stop claiming them.

rvp2018:
300b is south africa and egypt level.Algeria with abt your oil and gas is around 200b.I put nigeria gdp around there..depending on oil prices...a low of 150b..is more probable.You just need to look at nigeria national accounts to see how unreleastic the gdp.Gdp that generates gov revenues equal to kenya..gdp without as much debt leverage..youre crying debt of 2 or 3b that babu had given you..WB are still offering your peanutd coz your gdp is peanuts.A country like south africa can easily borrow 150 b dollars.Nigeria has no debt issues..no sane person can lend it anything serious..am talking 50b dollar in one transaction..poor kenya has accumulated 50b dollars debt..because we can repay..we can leverage our credible gdp.Nigeria with officially 400b gdp are issuing 1.5b eurobond..what kind of nonsense is that..its not even 1% of your gdp.At minimum ypu should be able to leverage to as much as 200b dollars and still remain healty at 50% gdp to debt ratio...but you gdp is crap..your tax revenue non existent..private sector puny..and someone has to basically bet on your oil revenues.

rvp2018:
Forex are owned by central bankers..and they are used for defending your currency and for international trade settlements.They are current account.They can be wiped out overnight.Dont confuse it with sovereign savings held by likes of Saudis,Nowergians and Chinese.Those are savings accounts.That is wealth..or money in the bank that you can leverage.Talk of your puny debt..i checked..you gov owes 70b..we owe 50b..see nobody can lend to Nigeria anything serious.See what can of debt 300b economy like South Africa or Egypt can leverage.Youre are afraid of debt because if oil drops or crash..you economy will similarly crash

TayserMahiri:
How to Shock Drump. Nigeria needs a president like Uhuru.


https://www.youtube.com/watch?v=yYQgXLYTdQc&index=6&t=102s&list=WL

chrisooblog:
yes we hear you please remind us again when uhuru is due at the icc court in the Hague?

rvp2018:
That is precisely what IMF does - if they doubt the data - all they can do is put ****. You can fake your GDP but try go to IMF or WB for loan - Kenya get more loans from WB/IMF/Eurobond/China than Nigeria - because our GDP is solid.

Look at your argicluture - almost exclusively tradinationl low dollar crops - sorghum, millet, yams, cassava, palm oil - and you want to tell all those crappy food - no middle class in kenya can be found eating - makes you 6th wonder of agricluture - that imports powder milk & tomato paste

Common sense. If Nigeria data was credible - why are you now HQ of POVERTY?

TayserMahiri:


For what?

chrisooblog:
wasn't he indicted on electoral violence some years back

sufferNsmiling:


I have told you yield in nigeria is very poor compared to other african countries. So most of the food produced is just eating by the farmers and his family. Very little is exported. The next thing is most of the farm produce is sold in market not factories and industries sue trying to get data farm food production is impossible. A good example is coco the government uses data from 1988 to estimate coco yield and production. But the fact is coco bored say cocoa production is down 20% this year. Another good example is aladja steel plant it shut down but on government records it is still operating. The government is using old data sometimes 20 years old data. When I went to abuja into a government ministry they gave me a list of companies which produced a product about 50 manufacturers and their addresses. When I started going to this companies I found out only 5 are operating. Under nigerian government books nigerian airways is still operating. So you can see what the statistics mean.

TayserMahiri:


How behind are you with news.

https://www.icc-cpi.int/kenya/kenyatta

The Case was closed due to lack of sufficient evidence. Click on closed in link above to see what it means. Unless you provide some fresh evidence he's a free man schooling Trump.

Obi1kenobi:


I don't quite get the point here. I said I was inclined to believe Nigeria's GDP was closer to $300b rather than $500b. The point is I believe it is significantly lower than what is declared now, as the methodology isn't clear. I don't have exact figures and you haven't linked us to a study that is credible and comprehensive either. One line from one Professor's speech is not enough to accurately determine GDP. What more are you expecting me to add to that? I'm open to any information you have that is credible.

chrisooblog:
lol cover up things ah well

TayserMahiri:


Is it locals or the govt that owns the whole country's land?

Yes ofcos you dont have white settlers because you have black settlers from Kenya. Soon enough all of your productive land will be owned by Black Settlers from Kenya.