AmenhotepZuid:

Neighbour, Maputo MOZAMBIQUE
THE RIO OF AFRICA, Nairobi is a SLUM. FACT.

ek se,dankie

Jonraid:
https://www.theeastafrican.co.ke/business/Kenya-global-hotel-brands/2560-4590066-8vruf0z/index.html


Better than us.You can say that again!

Check the date. It is June 2018. Meaning it has expired.

We are in November 2018. Many branded chains have opened in many cities afterwards.

This is one of them below. Besides, Quantity doesn't tantamount to valuable. You have Quantity we have Valuable.





Nigerian hotels most valuable in Africa-

Nigerian hotels most valuable in Africa-Report
The report depicts hotel business in Africa as being viable despite challenges.

Nigerian hotels are the most valuable on the African mainland, the African Hotel Report 2017 that is set to be released today in Rwanda has shown.

August year-to-date data shows a 1.2-percent decline in occupancy to 44.3 percent, but a 6.8-percent increase in Average Daily Rate(ADR) to NGN47,819.53. When measured in U.S. dollars, however, ADR declined 23.3 percent to $149.58.

But the report also notes the socio-economic problems that Nigeria faces that is affecting the sector. For instance, low oil prices as well as security concerns in Lagos.

Nigerian hotels challenges
David Harper of Hotels Partners Africa observes that these challenges have seen values fall by 16.4 percent in the last two years. Notwithstanding, average values are the third highest in Africa, behind only the Seychelles and Mauritius.

“Despite the challenges Nigeria remains the most significant hotel market in West Africa, with almost 6,100 branded guestrooms across 41 hotels, with 21 brands and 14 hotel companies represented in 9 cities,” says Mr Harper.

Already 61 hotel projects and more branded guestrooms-10,313-have been proposed in Nigeria more than any other country in Africa.

“This report shows that the hotel industry in Africa is still a very good investment, despite the cyclical nature of the property market.”


https://www.google.com.ng/url?sa=t&source=web&rct=j&url=https://www.hotelmanagement.net/development/marriott-international-signs-seven-new-hotels-across-africa&ved=2ahUKEwigvtKa5M7eAhWEL8AKHZM4DLYQFjARegQIBRAB&usg=AOvVaw2CauTRttY3OVXDXlo9HDid&cshid=1542026595114

AmenhotepZuid:

Chai! E no good ooo.

AmenhotepZuid:
Lets skip to another city
2. Nelspruit, Mpumalanga RSA.

There's no city in Nigeria without high-rise. The difference is, you park all high-rise in a city in one particular spot.

Uhuru will leave us when will be around 140-150B dollars (15 trillion Kshs) in 2023. That is Treasury projection based on 6% average growth rate. I think we might re-base again around there and realize the economy is larger - Ghana are aggressively doing this - their base year is recommended 5yrs - ours is 10yrs and I don't see that changing - because for re-basing you need lots of data that you can only get from census - the developed world have 5yr census circle - we can't afford to do that. Anyway IMF/WB think we will be around 130B in 2022.

10 yrs from now - we should be comfortably around 270-300B - not far from where South Africa & Egypt are currently - and by then I am betting we would be 3rd biggest economy after Egypt & South Africa - I think Egypt will certainly overtake South Africa soon.

Nigeria GDP is over-inflated and everyone with a pair of eyes can see that. Their budget at 30B - combined state+federal - tells you there is nothing there to see.

Jonraid:
What are your projections of our GDP counting 10 years from now? What will it be when Uhuru departs?

Hahahaha! Lagos beat their Nairobi while Abuja and Port Harcourt trashed Mombasa hands down. Bhuhahahaha!

You're starting from a very low base of 7,000 beds in branded hotels - I think - so to reach kenya level in 20,000 you have to really work hard. South Africa have 60,000 branded hotels - that is a huge mountain.

forgiveness:



Check the date. It is June 2018. Meaning it has expired.

We are in November 2018. Many branded chains have opened in many cities afterwards.

This is one of them below. Besides, Quantity doesn't tantamount to valuable. You have Quantity we have Valuable.

rvp2018:
I hope Nigerians are seeing what 350B economy is really suppose to look like. They claim to have larger economy than South Africa - and yet Tanzania look even better than them.

Kenya has to grow it's economy 4 times to reach South Africa current level. And that is doable in a decade.

Seeing the countries we're numbered with and the pace of growth, we're really not doing bad by all African standards...I just love my "tiny kenya", a country like Namibia which has a quarter population of what Tanzanian has is ranked higher than it... Not to speak of Nigeria vs Kenya...

rvp2018:
You're starting from a very low base of 7,000 beds in branded hotels - I think - so to reach kenya level in 20,000 you have to really work hard. South Africa have 60,000 branded hotels - that is a huge mountain.

Does that change the fact that Nigeria's hotel is more valuable than that your 20,000 empty hotels?


My friend, see fact.


Nigeria leads in the whole of Africa mainland in value. We no bi mate.

rvp2018:
Uhuru will leave us when will be around 140-150B dollars (15 trillion Kshs) in 2023. That is Treasury projection based on 6% average growth rate. I think we might re-base again around there and realize the economy is larger - Ghana are aggressively doing this - their base year is recommended 5yrs - ours is 10yrs and I don't see that changing - because for re-basing you need lots of data that you can only get from census - the developed world have 5yr census circle - we can't afford to do that. Anyway IMF/WB think we will be around 130B in 2022.

10 yrs from now - we should be comfortably around 270-300B - not far from where South Africa & Egypt are currently - and by then I am betting we would be 3rd biggest economy after Egypt & South Africa - I think Egypt will certainly overtake South Africa soon.

Nigeria GDP is over-inflated and everyone with a pair of eyes can see that. Their budget at 30B - combined state+federal - tells you there is nothing there to see.

Where did you get that fact from?

KENYA
NYAHURUHURU TURNOFF

Kur17:


Seeing the countries we're numbered with and the pace of growth, we're really not doing bad by all African standards...I just love my "tiny kenya", a country like Namibia which has a quarter population of what Tanzanian has is ranked higher than it... Not to speak of Nigeria vs Kenya...

Kenya is in Tanzania's level. Way below Nigeria.

Yobeezy:


Effects of hallucination,dude there's no single day lazy and primitive Tanzanian will ever be close to Kenya in terms of development.
We're even beating Nigeria,the poverty capital of the world in most aspects.

Keep on whining your hatred because we don't care for scammers and desperate drug peddlers ruled by lifeless politicians.

Why are you insulting us. I just said what I observed

The internet I did this - I added 36 state +federal budget - and removed the federal allocation.

Federal Gov Budget (USD)
1999:$13.6bn
2000:$8.2bn
2001:$8.3bn
2002:$9.5bn
2003:$11.4bn
2004:$9.8bn
2005:$12.4bn
2006:$14.7bn
2007:$18.8bn
2008:$21.1bn
2009:$25.8bn
2010:$29.3bn
2011:$31.8bn
2012:$31.4bn
2013:$31.2bn
2014:$31.1bn
2015: $26.7bn
2016: $31.9bn
2017: $23.6bn
2018: $28.2bn — BudgIT Nigeria (@BudgITng) November 10, 2017

Add up state budget and remove the federal allocation - so you don't double count.

Or just add federal allocation (28B) PLUS IGR from the 36 states (only Lagos seem to generate some serious money -1B dollars)

forgiveness:


Where did you get that fact from?

forgiveness:


Does that change the fact that Nigeria's hotel is more valuable than that your 20,000 empty hotels?


My friend, see fact.


Nigeria leads in the whole of Africa mainland in value. We no bi mate.

Nawa for you o, shey u no fit let them face theirselves. U gats chuk mouth ni. Abeg just cheer d Tz guy e go pepper dem well well

Jonraid:


Notwithstanding, average values are the third highest in Africa, behind only the Seychelles and Mauritius.

Already 61 hotel projects and more branded guestrooms-10,313-have been proposed in Nigeria more than any other country in Africa.

Kenyans like

https://www.google.com.ng/url?sa=t&source=web&rct=j&url=https://www.hotelmanagement.net/development/marriott-international-signs-seven-new-hotels-across-africa&ved=2ahUKEwigvtKa5M7eAhWEL8AKHZM4DLYQFjARegQIBRAB&usg=AOvVaw2CauTRttY3OVXDXlo9HDid&cshid=1542026595114

NJoro turn off?

Kenyanstar:
KENYA
NYAHURUHURU TURNOFF

forgiveness:


Kenya is in Tanzania's level. Way below Nigeria.

You ignore the fact that Nigeria is four Kenya combined in terms of population, and you're slightly ahead, you should be ashamed of that

Kenyanstar:
KENYA
NYAHURUHURU TURNOFF

Where exactly is this?

rvp2018:
The internet I did this - I added 36 state +federal budget - and removed the federal allocation.

Federal Gov Budget (USD)
1999:$13.6bn
2000:$8.2bn
2001:$8.3bn
2002:$9.5bn
2003:$11.4bn
2004:$9.8bn
2005:$12.4bn
2006:$14.7bn
2007:$18.8bn
2008:$21.1bn
2009:$25.8bn
2010:$29.3bn
2011:$31.8bn
2012:$31.4bn
2013:$31.2bn
2014:$31.1bn
2015: $26.7bn
2016: $31.9bn
2017: $23.6bn
2018: $28.2bn — BudgIT Nigeria (@BudgITng) November 10, 2017

Add up state budget and remove the federal allocation - so you don't double count.

Or just add federal allocation (28B) PLUS IGR from the 36 states (only Lagos seem to generate some serious money -1B dollars)

Show me the 2018 budget of 36 states with reliable source.

rvp2018:
The internet I did this - I added 36 state +federal budget - and removed the federal allocation.

Federal Gov Budget (USD)
1999:$13.6bn
2000:$8.2bn
2001:$8.3bn
2002:$9.5bn
2003:$11.4bn
2004:$9.8bn
2005:$12.4bn
2006:$14.7bn
2007:$18.8bn
2008:$21.1bn
2009:$25.8bn
2010:$29.3bn
2011:$31.8bn
2012:$31.4bn
2013:$31.2bn
2014:$31.1bn
2015: $26.7bn
2016: $31.9bn
2017: $23.6bn
2018: $28.2bn — BudgIT Nigeria (@BudgITng) November 10, 2017

Add up state budget and remove the federal allocation - so you don't double count.

Or just add federal allocation (28B) PLUS IGR from the 36 states (only Lagos seem to generate some serious money -1B dollars)

Why would you remove federal allocation when the same body that allocates to states allocate to federal and also the local government and thus every body budgets based on allocation (federal,state and local government) plus igr
Don't look foolish to over 180 million Nigerians. I doesn't cost you anything to ask

Kur17:


You ignore the fact that Nigeria is four Kenya combined in terms of population, and you're slightly ahead, you should be ashamed of that

Did I hear you say slightly?

At least, you have agreed for once Nigeria is Kenya's father.

They are valuable thanks to shortage - it sign of un-development and unmet demand. If you go to south sudan or somali - you'll find very valuable tent hotels.

For an economy that want to rival South Africa - you need 10 times your hotels - you bed capacity of 7,000 branded hotels - pale in comparison to their 60,000 or Kenya's 20,000.

forgiveness:


Does that change the fact that Nigeria's hotel is more valuable than that your 20,000 empty hotels?


My friend, see fact.


Nigeria leads in the whole of Africa mainland in value. We no bi mate.

darfay:


Nawa for you o, shey u no fit let them face theirselves. U gats chuk mouth ni. Abeg just cheer d Tz guy e go pepper dem well well

Bros, I wish to ignore but when I see lies, my spirit no gree me rest matter.

Anyway, day TZ guy is doing a great job.

Double counting. Federal budget contains federal allocation to 36 states.Each State budget contain the same share of federal allocation. The total budget for Nigeria therefore is federal budget+IGR of the 36 states..which is about nothing except for 3 states (Lagos, River State and one more I forget).

I do the same for Kenya. Total national budget +IGR for 47 counties.

darfay:

Why would you remove federal allocation when the same body that allocates to states allocate to federal and also the local government and thus every body budgets based on allocation (federal,state and local government) plus igr
Don't look foolish to over 180 million Nigerians. I doesn't cost you anything to ask

AmenhotepZuid:

Neighbour, Maputo MOZAMBIQUE
THE RIO OF AFRICA, Nairobi is a SLUM. FACT.

Nairobi is a slum. You hear that rvp2018. And to think the Kenyans said they would soon leave South Africa in the dust

Google - I think anything close to 3B dollars - with about 1/3 from Lagos city. So 28B+3B=31. In Kenya it's 30B+1B=31. So officially this year tiny kenya with 90B economy has the same money in gov coffers with mighty Nigeria.

forgiveness:



Show me the 2018 budget of 36 states with reliable source.

rvp2018:
Double counting. Federal budget contains federal allocation to 36 states.Each State budget contain the same share of federal allocation. The total budget for Nigeria therefore is federal budget+IGR of the 36 states..which is about nothing except for 3 states (Lagos, River State and one more I forget).

I do the same for Kenya. Total national budget +IGR for 47 counties.

Stop sounding dumb abeg. The federal has never contained the state budget which has never contained the local government budget, not at any point since our independence. How can a budget(state and local government) be based on someone else's budget
Don't forget we operate a federal government not a unitary one. Nigeria is not Kenya never assume

Whatever rank you choose - Nairobi will always be top 5 africa city - and easily the 3rd important city - after Joburg & Egypt - sometimes Lagos & Cape town are slightly better - but overal Nairobi is hot on the heels of Joburg - and the South African is not happy.

darfay:

Nairobi is a slum. You hear that rvp2018. And to think the Kenyans said they would soon leave South Africa in the dust

English comprehension is a problem for most of Nigeria because you've got the ugly pidgin messing your up. Although just based on this thread..it obvious the young generation of Nigerian are as dumb as Tanzania. It obvious your education that was strong in 60s and 70s...has gone to the dogs!!!!!!!

Nigeria total budget is 28B - I think about 10B is federal allocation to states - meaning that money Abuja will wire to each of those states.

Each state will do their budget....with estimate of what Abuja will wire to them...in addition to what they can generate and maybe borrow (they are very indebted).

Kenya is a devolved gov. Our gov allocated counties money...about 3-4B dollars -- we cannot double count that.

In short your total budget is 31B. ours is 31B.

darfay:

Stop sounding dumb abeg. The federal has never contained the state budget which has never contained the local government budget, not at any point since our independence. How can a budget(state and local government) be based on someone else's budget
Don't forget we operate a federal government not a unitary one. Nigeria is not Kenya never assume

rvp2018:
They are valuable thanks to shortage - it sign of un-development and unmet demand. If you go to south sudan or somali - you'll find very valuable tent hotels.

For an economy that want to rival South Africa - you need 10 times their hotels - you bed capacity of 7,000 branded hotels - pale in comparison to their 60,000 or our 20,000.

What causes shortage? Higher demand.

That is economics for you.

This for your information. 10,313 guestrooms has been proposed and under construction. See one of them.

Jonraid:



Already 61 hotel projects and more branded guestrooms-10,313-have been proposed in Nigeria more than any other country in Africa.

Kenyans like

https://www.google.com.ng/url?sa=t&source=web&rct=j&url=https://www.hotelmanagement.net/development/marriott-international-signs-seven-new-hotels-across-africa&ved=2ahUKEwigvtKa5M7eAhWEL8AKHZM4DLYQFjARegQIBRAB&usg=AOvVaw2CauTRttY3OVXDXlo9HDid&cshid=1542026595114

rvp2018:
Whatever rank you choose - Nairobi will always be top 5 africa city - and easily the 3rd important city - after Joburg & Egypt - sometimes Lagos & Cape town are slightly better - but overal Nairobi is hot on the heels of Joburg - and the South African is not happy.

In terms of what?