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Nairaland Forum / Nairaland / General / Politics / Nigeria Economy Rated Best In Africa By Forbes-see Link (29604 Views)
Realities Of Nigeria’s Diminishing Relevance To U.S., Africa By Princeton Lyman / Why Nigeria Cannot Afford A Stand-Off With South Africa By Kakanda (Al-jazeera) / Nigeria Economy Rated The Best In Africa By Forbes - See Link (2) (3) (4)
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Nigeria Economy Rated Best In Africa By Forbes-see Link by Freetech: 2:45pm On Sep 11, 2018 |
Hurray good news to the patriots. Here is the global rating of Nigeria economy so far so good in 2018. A standing ovation for the wonderful team of PMB. Forbes rates Nigeria as 2018 best economy in Africa - https://www.forbesafrica.com/economy/2018/04/09/making-nigeria/ https://www.von.gov.ng/forbes-rates-nigeria-as-2018-best-economy-in-africa/ Do you agree, please present your argument with facts and figures. Before you begin to write consider the following points. Technically this government have liquidated all the loans she took so far. Wait before you cry foul. Nigeria total debt @ December 2014 was $67bill this converted to Naira @ N179/$ is N12Trn. However this same amount converted at current exchange rate @ N310/$ is N20Trn. Now add the 5 months salary borrowed to pay civil servants, N200bill subsidy debt and N1trn owe local contractors. Considering the fact that current debt profile stood at N22Trn @ N310/$ is just $70bill. This is the fact the opposition doesn't want you to know and the reason they only quote Nigeria debt in Naira to deceive lazy Nigeria who cannot think on their own. While one will forgive not so intelligent Dino, it's highly pathetic that Peter Obi also follow up on this lie. Below you will also find Nigeria foreign reserve journey to date Finally, talking about resources available. Comparing the first 3 years of Gej and PMB, Gej made $393bill while PMB made just $96bill. According to the link below Gej depleted foreign reserve to $29bill and PMB grew it to $45bill. You know what they both did with the resources. Are you still not convinced, take a trip to Venezuela, or Agentina where interest rate is 60%, Greece, Zimbabwe and I'm sure how mismanaged economy look like December 2014 https://www.vanguardngr.com/2015/07/n12trn- debt-profile-worsens-nigerias-woes/ https://nairametrics.com/nigerias-historical-external-reserves/ Example of mismanaged economy www-bbc-com.0.i.org/news/business-45360223?iorg_service_id_internal=624173547714020">https://https-www-bbc-com.0.i.org/news/business-45360223?iorg_service_id_internal=624173547714020%3BAfqezR6Gu4uGVZk0 76 Likes 16 Shares |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by missyojo(f): 2:46pm On Sep 11, 2018 |
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Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by AustineE1: 2:50pm On Sep 11, 2018 |
ok i wonder why some people are celebrating this arrant nonsense,when there is nothing on ground to show for it,the populace has never been this impoverished in the history of Nigeria. Our monolithic economy which is dependent on oil,seems to be stable because of the positive price of oil in international market. If oil price goes on the negative our so called highly rated economy will rush straight into recession. Worst still,our high debt ratio,will easily give away our economy to the highest bidder...we are about morgaging our national infrastructures to china. 5 Likes |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by MrPolitics: 2:57pm On Sep 11, 2018 |
What is this one saying? Nigeria has been Africa's largest economy since 2013 and is definetely not Africa's best performing economy in 2018 with such slow GDP growth. But it remains the largest economy 150 Likes 8 Shares |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by buharitill2023: 2:58pm On Sep 11, 2018 |
This is the real economy of Nigeria, Not that fictitious and voodoo economy of before when the economy was growing @6% without a single project to show for it or to give to the poorest people in Nigeria. 75 Likes 7 Shares |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by Babzrockman: 3:05pm On Sep 11, 2018 |
MrPolitics: What are u talking about? Blow us with facts! Nigeria's economy like u said is the largest but not most effective and or best in Africa.. not until this latest ranking by Forbes. We should be thanking God... we don't have to relate every single story to politics 83 Likes 9 Shares |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by buharitill2023: 3:07pm On Sep 11, 2018 |
MrPolitics:largest economy in 2014 with high growth rate of 6% by mismanaging $393b without a single project and borrowed 11tr naira without a single project and depleted foreign reserved to defend the naira, What a voodoo economy run by your ineffectual buffoon. 110 Likes 14 Shares |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by Buterflyle0: 3:11pm On Sep 11, 2018 |
MrPolitics: This is how you make an analogy US National Debt - $21 Trillion - Debt to GDP 76% UK National Debt - $2.3 Trillion - Debt to GDP 89% China National Debt - $4.3 Trillion - Debt to GDP 41% Nigeria National Debt - $73 Billion - Debt to GDP 21% Debt is not the issue. It's what you do with it that's the issue. Question is - If debt is rightly invested in infrastructure (that creates Capital Formation) or human capital (that keeps people alive & develop their skills and mental capacity), we'll be ok. If truth be told, a large Percentage of our National Debt was looted by the previous governments. The conversation we should be having concerning our National Debt is - Is it sustainable? - What is it invested on? - How much would those investments add to the GDP? - When should we expect these ROI? This government is committed to infrastructural awakening and is well on the course to achieving this with a time frame in mind after which we begin to get our ROI fast These are some of the key indices that bring about an economical rating and yes as it stands now, Nigeria is the best economy in africa all thanks to this present Government which remained unwavering in the face of recession and maneuvered the nation out of those murky waters to the place where Forbes could now rate us as they have done. Kudos to PMB and PYO. A match made in heaven. God bless Nigeria 196 Likes 28 Shares |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by Buterflyle0: 3:13pm On Sep 11, 2018 |
The most annoying thing is that the media would never publish this sort of news. But would be quick to publish all manner of negatives 86 Likes 11 Shares |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by Freetech: 4:33pm On Sep 11, 2018 |
MrPolitics: Oga did you take to read the story before typing this or you have comprehension problem? Is best performing economy not different from biggest economy in Africa? Pls borrow data and check the link ok? 62 Likes 9 Shares |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by Freetech: 4:52pm On Sep 11, 2018 |
Buterflyle0: Thanks for this more clarification. PDP is a pathetic opposition. They continue lying everyday about Nigeria debt claiming this govt has taken more loan in 3 years than the total loan taken in 16years of PDP They deceive the gullible by quoting the debt left by PDP in Naira as 12trn that APC double it within 3 years to 22trn. The clarification above show in $ this is a lie and a deliberate attempt to conceal the fact. 74 Likes 9 Shares |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by dheilaw1(m): 5:00pm On Sep 11, 2018 |
frustrated idiotic pigs of Biafra will not see this oo 46 Likes 9 Shares |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by porka: 5:03pm On Sep 11, 2018 |
Expect this type of nonsense from this illiterates as we get nearer to the elections. Their targets are extremely dumb people like themselves who don't know their left from their right. Expect such lifeless claims from their conjured FORBES, CNN and several others as they dish out blatant lies and satanic falsehoods about Buhari's phantom integrity. 47 Likes 3 Shares |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by porka: 5:08pm On Sep 11, 2018 |
MrPolitics: You have not see anything yet. They are just beginning with extreme propaganda. Normal people don't take them seriously. But then, their targets are the largely illiterate audience like them. 27 Likes |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by wristbangle: 5:11pm On Sep 11, 2018 |
Buterflyle0: Smooth and well grounded analysis. 56 Likes 11 Shares |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by Racoon(m): 5:12pm On Sep 11, 2018 |
MrPolitics:You mind this government. 10 Likes |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by Freetech: 5:13pm On Sep 11, 2018 |
porka: This is the problem with you Igbos and supporter of pdp, here's presented facts and figures. The best thing is to counter it with superior argument back with. your facts and figures. What you typed here show you as one of lazy youth. Sorry. 61 Likes 8 Shares |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by mbos: 5:17pm On Sep 11, 2018 |
lifeless country giving bribe to Forbes for Image making Forbes dont worry we no better. 12 Likes 1 Share |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by Gorem2013: 5:19pm On Sep 11, 2018 |
Racoon: If what you see is a lie tell us the truth please. Lalasticlala Mynd44 Ishilove Marpol Semid4lyfe Obinoscopy Seun Please help move this to frontpage it contains facts everyone needs to know. thanks 11 Likes |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by MrPolitics: 5:20pm On Sep 11, 2018 |
Freetech: You should ask yourself if you can comprehend because I'm sure I stated that they were different in my original post 5 Likes |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by mbos: 5:28pm On Sep 11, 2018 |
MrPolitics: Yes, biggest amongst the lifeless economies? or Big for nothing..or Big country with more bigger and larger mouths to feed 7 Likes |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by Freetech: 5:33pm On Sep 11, 2018 |
Butterflyleo, Liondeleo, sarrki , Ngeneukwenu, Madridguy (or is Madridgay?) AbdulJabbar4, Omenkalives, Sirjamo, vedaxcool where una dey now? https://www.forbesafrica.com/economy/2018/04/09/making-nigeria/ Let's push this one frontpage. The rank of patriots is swelling daily. 7 Likes 3 Shares |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by Buterflyle0: 5:38pm On Sep 11, 2018 |
Freetech: You are smarter than most. A lot of these online ranters who have bought into the lies of PDP simply know nothing about how anything works and just look at words and headings and begin to wail 19 Likes 5 Shares |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by Freetech: 5:39pm On Sep 11, 2018 |
mbos: Another crappy nonsense to save face. You are one of those jumping up and down applauding the lie of Peter Obi. Tell us now whether what Vanguard reported and respected Forbes is a lie. Be happy that better is eventually here. 18 Likes 5 Shares |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by vedaxcool(m): 6:15pm On Sep 11, 2018 |
Freetech: God bless you my brother, no matter how hate filled servants of Corruption chants we are marching forward and shall not be deterred by enemies of the state. 9 Likes 2 Shares |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by Yyeske(m): 6:24pm On Sep 11, 2018 |
porka:Agreed that those figures are false, can you give us the true figures 12 Likes 2 Shares |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by blackpanda: 6:36pm On Sep 11, 2018 |
MrPolitics: This rubbish u just vomitted now, is gotten from which statistics ![]() 10 Likes 2 Shares
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Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by automatix: 6:42pm On Sep 11, 2018 |
Babzrockman: I didn't see any Forbes link among the URL that was posted and I can even have my article on forbes. Anybody can write for forbes... It does not make it true. Please tell your APC that someone of us know how digital marketing works. 15 Likes |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by automatix: 6:43pm On Sep 11, 2018 |
Freetech: Drop a direct link to Forbes website, as I can't see any here, or forever mute. 14 Likes |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by Buterflyle0: 6:47pm On Sep 11, 2018 |
automatix: https://www.forbesafrica.com/economy/2018/04/09/making-nigeria/ 13 Likes 2 Shares |
Re: Nigeria Economy Rated Best In Africa By Forbes-see Link by Buterflyle0: 6:47pm On Sep 11, 2018 |
automatix: https://www.forbesafrica.com/economy/2018/04/09/making-nigeria/ 8 Likes |
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