wristbangle:


Smooth and well grounded analysis.

Princedapace:


The same economy with the highest number of poorest people on earth? Was it not here the publication was made about Nigeria having the highest number of poor people? The same country that has over taken India with highest number of poor people?

U see, that is why I got tired of this platform. A lot of unintelligent people here. Best economy has nothing to do with effective economy. Nigeria is a large country, the largest black country on earth.

That easily make economy large and best because money must flow in and out.. However, how that translate into good standard of living becomes the key point.

The standard of living here is pathetic, educational system is terrible, roads are bloody, no constant electricity, salaries are poor, puchasing power is really low, etc. These are factors that determine the standard of living of the people..


we celebrate these leaders too much and it is so unfair that you and I who know try to brain wash the teeming number of our citizens who dont know these things..

The question is, how many Nigerians can afford to buy decent stuff in the current economy?

Babzrockman:


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

otino:
When elections are at the corner u see such journalism. I have to go the link provided to read the article and even download the report. Then I have this to say

1. Forbes did not rate Nigerias economy as best in Africa but rather it says "In spite of difficult times, Nigeria has been rated as the top 10 most improved economies in 2016/2017". Mr. Venkatapathy Venkataraman Group MD at NIPCO went further to say “Nigeria is a very resilient country in terms of economy,” so I don't see where a scale rating of 1-10 in Africa placing nigeria at the top spot. in as much as we so much love our economy to be strong among nations we should stop politicizing it.

2. As for me a good economy should reflect on the standard of living of its citizens. it's not a rocket science.

jerrybabasam:
I can't believe Forbes anymore.

Buterflyle0:
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

Buterflyle0:


See how confused you are.

From the article again

Nigeria remains a highly appealing destination for investors. Mr Tunde Fowler, Chairman at FIRS elaborates, “Nigeria is an investor’s heaven with so much potential; from industry to agriculture to telecommunications. There’s so much room for expansion and the ease of doing business ensures that anyone who has a business, or who intends to start a business, will not have to face any bureaucracy, roadblocks or hindrance.

Nigeria’s government is determined to provide profound and long-term change in economic prosperity and stability; there remains little doubt that it is Nigeria’s destiny to uphold the title of largest economy in Africa for a long time yet

You mentioned that the article didnt rate us best economy in africa right?

Nigerias economy is THE LARGEST IN AFRICA does that not translate to THE BEST IN AFRICA?

This is the haven for investments. The most attractive for investments due to the large nature of the economy which is being made even larger by PMB with his economic diversification drives.

Your error is assuming that when they talk about economy it means they are talking about you and me. They are actually talking about THE BEST FOR INVESTMENTS due to its large and still diversifying economic programs embarked by this present FG

Of course ultimately all that would in turn begin to affect the common man positively as we go further along

NairaMaster1:


You forgot one thing: Nigeria is a home to the poorest people on earth.

We took over India under PMB.

Do you understand?

NairaMaster1:


You forgot one thing: Nigeria is a home to the poorest people on earth.

We took over India under PMB.

Do you understand?

Freetech:



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.

erico2k2:

And you are here trying to have an intelligent conversation . How can U say the Economy of a place is not the representative of its occupants which is U and me.who then are the producers and the consumers if not me and you??

BlackBaron:
Don't know about best.
The economy has certainly tanked and consumer spending is down by over 70%.

My company used to clear N1 million or less over that a month on Konga/Jumia. Towards the tail end of Goodluck's it began to dip. In Buhari tenure, we're effectively doing 60-90% less of what we used to earn in the past.

If this is the 'best economy', then all of Africa is doomed!

MrPolitics:
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

Freetech:
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

mbos:
lifeless country giving bribe to Forbes for Image making

Forbes dont worry we no better.

Okezedan:
What are the parameters for rating Nigeria's Economy has the best in Africa? When Nigeria can't have steady power of supply when smaller countries like Kenya, Benin, Togo e.t.c are enjoying stable Light

afesco:

Do u mean there was no single project under GEJ? let us try to be objective in as much as we tend to be partisan.

Colourich:
You are the one that obviously knows nothing about the economy and external debt and yes there is good debt and bad debt. US has a debt of $24trn which it used to better their economy, the debt was used for substantial projects and other investments, no country is without a debt yes but what I'm saying is that ours is not used for projects and investments, it is used for inconsequential thing, it is not used to better the economy, when a debt is not used for what it was initially set out to, the government will borrow more and this will lead to more accumulation of debts, before Nigeria will reach US level of economy, her debts must have accumulated to a very large amount, so don't tell me shite about the economy, I will be the one to tell you 'cause you know nothing apparently about the economy, also I have no business with politics section, I'm mostly in business sections 'cause that's where I'm good at, so don't the tell me to go back to romance section 'cause you are actually not making any iota of sense here.

These days everybody is now claiming to know so much about the economy, even a physics graduate wants to teach lecture about the economy, wonders shall never end.

Buterflyle0:


Read what I wrote again because your comment shows you didn't understand it by miles.

Freetech:
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

veeklin:


you been scammed. forbesafrica is not owned by Forbes. the owners of Forbes Africa just stole the Forbes and added Africa so they can sound credible.

Buterflyle0:


There was no single COMPLETED PROJECT under GEJ.

He mostly awarded contracts on paper with zero funding.

This has been the trend for the past 16years of PDP rule which is why this FG is saddled with about 1000 abandoned projects to work on.

If the past governments had finished some of these abandoned projects, we would not be where we are today.

This is the reason why this government doesn't really want to initiate much in infrastructural projects but wished to COMPLETE the ones already initiated which were abandoned.

What past governments were doing was to leave the projects of their predecessor and initiate new ones and that was foolishness.

Pmb has got it right by focussing on actualization rather than initiation