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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) (6454986 Views)
Am I The Only One Whos Tired Of This Kenya Is Ahead Thread / Femi Adesina: "I Don't Lie, No Matter What"; Nigerians React / Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode (2) (3) (4)
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Ibrahimanis: 9:22am On Jan 24, 2019 |
2019 GDP forecast - IMF
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Ibrahimanis: 9:25am On Jan 24, 2019 |
Lagos
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Ibrahimanis: 9:28am On Jan 24, 2019 |
Nissan Assembly Plant
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Ibrahimanis: 9:32am On Jan 24, 2019 |
Peugeot Assembly plant kaduna
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Ibrahimanis: 9:34am On Jan 24, 2019 |
Ford assembly plant
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Ibrahimanis: 9:35am On Jan 24, 2019 |
CNHTC truck assembly plant Kano
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Ibrahimanis: 9:43am On Jan 24, 2019 |
Stallion group. Assembles Nissan, Hyundai, Iveco and Volkswagen in Nigeria.
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by NairobiWalker(m): 9:46am On Jan 24, 2019 |
Ibrahimanis: Kenya almost catching up with Angola. Why is Angola's GDP shrinking though? |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Daejoyoung: 9:48am On Jan 24, 2019 |
NairobiWalker:Yet to recover fully from the 2016 oil recession. |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by NairobiWalker(m): 9:53am On Jan 24, 2019 |
Daejoyoung: We will be ahead of them by the end of 2020, definitely. |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Kazikazi: 9:53am On Jan 24, 2019 |
NairobiWalker:Due to exchange rate. Kwanza lost some values,the same thing happened to Ethiopia. Angola have been producing the same things but their currency let them down.That is how foolish its to measure a country's success on GDP. |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by NairobiWalker(m): 9:56am On Jan 24, 2019 |
Daejoyoung: Thank you, I can already see a bitter Southern neighbor fuming over it with his exchange rate bullshit just because his country isn't doing so well. |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Kazikazi: 9:56am On Jan 24, 2019 |
Pwapwapwapwa...
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Kazikazi: 10:01am On Jan 24, 2019 |
These are cows who don't know how special forces operates..
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by vaxx: 10:02am On Jan 24, 2019 |
Ibrahimanis:it's only an account of the growth in the number of commercial transactions in the economy. It's not a very good measure to understand development of a society. It is also highly value-neutral, which can be a bad thing. i actually dont subscribed to it. the commercial activity of china is 20 times bigger than that of qatar and United arab Emirates in combine. yet, this tiny nations(citizen's )are living larger than life. |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Ibrahimanis: 10:05am On Jan 24, 2019 |
NairobiWalker:Recession and it's not growing fast enough. Daejoyoung:Still contracted in first half of 2018 again when oil price wobbled a bit. A true Petro economy. 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by NairobiWalker(m): 10:06am On Jan 24, 2019 |
vaxx: China's GDP is greater than Qatar's in absolute numbers but remember China has 1.3 billion people while Qatar has only 2.6 million. Check the per capita GDP and you'll understand. |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Ibrahimanis: 10:06am On Jan 24, 2019 |
vaxx:Emmmm I already know that. |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by NairobiWalker(m): 10:07am On Jan 24, 2019 |
Ibrahimanis: The oil in Angola has been kind of a curse even though it's the only reason Angola is in the top 10 Africa's economies. It took them to Civil war and now their economy is too dependent on it. 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by vaxx: 10:15am On Jan 24, 2019 |
NairobiWalker:i am even combining the two nations. Qatar and UAE. The per capita GDP is simply the total GDP divided by the number of persons. It mentions nothing about the levels of equality and inequality. Chances are, that in a small country, per capita GDP might still be quite high even if the average standard of living is not. but in qatar and UAE . The standard of living is also high. |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by NairobiWalker(m): 10:22am On Jan 24, 2019 |
vaxx: Combining Qatar and Kuwait is a joke in comparison to China. Those two countries are not even the size of a mid-sized City in China so, no deal still. Just do the GDP per capita. Qatar has $63k and China has only $9k. While GDP might not give the exact living standards of a country, it gives the size of its economy. You should note though even inequality withstanding, there is a level beyond which a country can have better standards of living than it's counterpart with higher GDP per capita. South Africa is for instance more unequal than Nigeria but still, it has way better standards of living than Nigeria. |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Ibrahimanis: 10:22am On Jan 24, 2019 |
Innoson Automated Plant
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by tylann: 10:27am On Jan 24, 2019 |
Ibrahimanis: So Kenya reclaims largest east africa economy again beating ethiopia |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by NairobiWalker(m): 10:31am On Jan 24, 2019 |
tylann: Kenya already beat Ethiopia in 2018. 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by tylann: 10:45am On Jan 24, 2019 |
NairobiWalker: We will double they economy very soon Let him wallow in jealous It won't change the fact that Kenya GDP is equal to eac countries GDP combined |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by tylann: 10:46am On Jan 24, 2019 |
NairobiWalker: East Africa economic giant indeed |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by tylann: 10:48am On Jan 24, 2019 |
Ibrahimanis: Does your govt buy innoson vehicles |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by vaxx: 10:50am On Jan 24, 2019 |
NairobiWalker:i am aware of this, and mind you not Kuwait, i mean UAE. i just said the gdp per capital does not factor in equality and inequality. therefore putting us in limbo. While GDP might not give the exact living standards of a country it gives the size of its economy. You should note though even inequality withstanding, there is a level beyond which a country can have better standards of living than it's counterpart with higher GDP per capita. South Africa is for instance more unequal than Nigeria but still, it has way better standards of living than Nigeria.it gives a value neutral of the size of the economy. if today, i decide to change my eating habit as a Nigerian ( meaning, if i stop cooking my own meal and decide to eat from restaurant, it will immideatly contribute to the commercial activity of Nigeria. it is not a practical demonstration of an economic welfare. South africa has one of the highest in HDI in africa and has a very well developed industrial base. It also ranked highest on the prosperity index for 4 of the last 5 years (and second for 2016). (Meanwhile Nigeria is very low in this category. |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Ibrahimanis: 11:24am On Jan 24, 2019 |
tylann: Yes 1 Like
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by abbeg(m): 11:31am On Jan 24, 2019 |
tylann:I think so. |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by NairobiWalker(m): 11:43am On Jan 24, 2019 |
vaxx: Fortunately, that's true for most third world countries and most African countries in that case. All in all, food contributes a tiny amount to the GDP generally and monetizing the whole of it won't really push a country much up above much richer countries. On average though, countries with higher GDP per capita have better living standards - there is of course some variance but it is always within a reasonable range. There is no way for instance a country with a GDP per capita of $10,000 will have lower living standards than that of $2000. |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by vaxx: 12:01pm On Jan 24, 2019 |
NairobiWalker:For better assessment of standard of living in a country, GDP is not a sufficient measure. Human Development Index, Gini coefficient, are some of other measures to do that. Each index constitutes different information. One single index is never advised. and in this category, Ghana is ahead of both Nigeria and Kenya. GDP assumes too much, it assumes all growth is good growth.for example, the pollution of the water in Nigeria due to oil exploration, the clean up will be added to GDP, as is the health care cost. But clearly that is a negative for society, even as it is a positive for GDP. i agree that no one number could possibly serve as a good measure of an economic system. Any statistic involves choices about what to measure, what to include, how to weight those inputs, and what to exclude. For a Nigeria system of 180 million people and billions of dollars, no number could possibly capture the variety of experiences and vagaries of output and growth. GDP is a usual measure, but we rely on it far too much, that it to tell us things it cannot. |
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