If we continue at this pace - we will hit 150B (kshs 15 trillion) in 2023. Then hit 400-500B by 2030. By then we will definitely be competing with South Africa. Nigeria we will not exists then or will be mired in a civil war - Oil-dependent countries are facing a bleak future. We just need to manage our ethnic based politics...

mtisTheQubit:

you are starting to scare some folks here

Jonraid:
No wonder the NSE and our banks give investors the most returns.A strong shilling!

Here you go.For positive dollar returns,go to Kenya.The shilling can just wake up bullish sometimes!

https://www.the-star.co.ke/news/2018/08/16/kenya-shilling-third-best-performing-currency_c1803338

https://www.businessdailyafrica.com/markets/marketnews/Boon-for-foreign-investors-at-NSE-/3815534-4565372-u9vcegz/index.html

https://investinginafrica.net/best-bargain-among-kenyas-big-banks/

when it comes to foreign direct investment, east africa in general is doing far better than west africa.

we need to borrow inteligence from you guys. it is commendable. west africa and central africa is doing poor in the area comparing to you guys.

rvp2018:
Nigeria we will not exists then

True. We are planning on relocating to Mars

vaxx:
These country are mono focus economy apart from south africa and partially Botswana. A single mono focus nation still have a lot to do.

But they are doing extremely well and are stable. Seychelles for example depends on tourism and service industry which is human resource - no country can be set itself best more than that. Mauritius has the most mature service and banking industry in Africa and perhaps the most diverse non-mineral economy in Africa. The only problematic country here is equatorial guinea. If oil industry crashes, this country could become poorer than Chad.

kennnnnyaaaa...!!!!

how are my favorate punchin bags taday....?...

good advice to kenyans....

dont mess with nigerians...they crazy no be small....

vaxx:
when it comes to foreign direct investment, east africa in general is doing far better than west africa.

we need to borrow inteligence from you guys. it is commendable. west africa and central africa is doing poor in the area comparing to you guys.

Really? Show us the figures, especially that of this year.

Coz West Africa always accounts for more FDI than East Africa.

The land and property market in Kenya is huge.Buy as many as you want.Land and properties don't easily depreciate!

mtisTheQubit:

or buy part of Nairobi while it lasts ..i hear guys from far as Dubai are shopping around.

NairobiWalker:


But they are doing extremely well and are stable. Seychelles for example depends on tourism and service industry which is human resource - no country can be set itself best more than that. Mauritius has the most mature service and banking industry in Africa and perhaps the most diverse non-mineral economy in Africa. The only problematic country here is equatorial guinea. If oil industry crashes, this country could become poorer than Chad.

in actuality, trends have beeng showing mineral resources is not dependable and cannot skyrocket a weak economy. what to do is to to apply brain work. human as individual are the most prestigious asset.

something you kenyans may not know is,we nigerians are extremly loyal....when you are black,they will help you for free....

money....we dont care to shower you with money when we like you....

mentaly strong...its not easy to break a nigerian....

agile...nigerians dont go the straight way....nigerians use all types of corners to get were they want to be....

smart...you will find nigerians in villages trying to build a helicopter....even if it doesnt realy fly....kiiiki

sooo,we are different than other black people....

dark sieg heil.... !!!!

NairobiWalker:


But they are doing extremely well and are stable. Seychelles for example depends on tourism and service industry which is human resource - no country can be set itself best more than that. Mauritius has the most mature service and banking industry in Africa and perhaps the most diverse non-mineral economy in Africa. The only problematic country here is equatorial guinea. If oil industry crashes, this country could become poorer than Chad.

+100

I think Seychelles is the will be classified as a developed country ahead of South Africa.

mtisTheQubit:

that is soo true...the chart you just posted really does make alot of sense on what happening...For most of guys dependent on oil things are a bit tricky for them...bythe way what happened to sudan economy.at one time they had bigger GDP than us..

Oil happened

That explains why we are planning to spend 4.4 billion dollars in our education this year!

vaxx:
in actuality, trends have beeng showing mineral resources is not dependable and cannot skyrocket a weak economy. what to do is to to apply brain work. human as individual are the most prestigious asset.

Jonraid:
Land and properties don't easily depreciate!

Wow I find myself agreeing with Kenyans today, something must have been in the water I drank.

tylann:

Oil happened

oyel is not the main earner in nigeria....its a international lie....

mtisTheQubit:


i know many guys will disagree but the future of energy is nuclear an more to nuclear fusion..solar an wind is good but the current world energy demand cant be met by ths two

Nuclear fusion is good but it is just too powerful if anything happens to a nuclear fusion reactor you are looking at devastation like the whole of east africa wipe off the map in one accident.. also I believe smaller is better especially for remote areas I believe it is better to put many small power stations than to spend a lot of money on high voltage lines and post. Another thing is how many third world countries have the technology to go nuclear

Ibrahimanis:

Really? Show us the figures, especially that of this year.

Coz West Africa always accounts for more FDI than East Africa.

https://www.forbesafrica.com/investment-guide/2017/10/30/west-africa-less-attractive-investors/

That links shouild give a clear overveiw

vaxx:
These country are mono focus economy apart from south africa and partially Botswana. A single mono focus nation still have a lot to do.

What is the meaning of mono focus economy

sufferNsmiling:


Nuclear fusion is good but it is just too powerful if anything happens to a nuclear fusion reactor you are looking at devastation like the whole of east africa wipe off the map in one accident.. also I believe smaller is better especially for remote areas I believe it is better to put many small power stations than to spend a lot of money on high voltage lines and post. Another thing is how many third world countries have the technology to go nuclear

i hate you....if i met you in real life,i would try to strangle you....

tylann:

What is the meaning of mono focus economy

country with a single industry. example. angola and oil.

[quote author=NairobiWalker post=75071336]

At exactly a half their population, Ghana is set to overtake Tanzania before the end of next year. That'll be a shame to our Southern neighbors.[/quthey
They say they have been growing at least at 7% for 10 years

vaxx:
in actuality, trends have beeng showing mineral resources is not dependable and cannot skyrocket a weak economy. what to do is to to apply brain work. human as individual are the most prestigious asset.

Sure, minerals messed up Nigeria and now they're doing the same to Angola.

Jonraid:
Electrical vehicles are improving day by day.They can now charge themselves and get some more power when they go down the gradient(downhill) no matter the gradient size.What we need now is a super battery! Researchers however are putting their bet on Super-capacitors to power electrical vehicles in future!https://www.iflscience.com/technology/graphene-based-supercapacitors-could-eliminate-batteries-electric-cars-within-5-years/

It all boils down to power a hydrogen engine is more powerful than a diesel or petrol engine for the same size in terms of horsepower to kilograms. Electric vehicles are made very light extremely light to go long distances you cannot load electric vehicle heavily so when you take the power to weight ratio you find out electric vehicles lose out

bantudra:


oyel is not the main earner in nigeria....its a international lie....

Iam talking about Sudan not Nigeria
What is the main earner in nigeria ?

Jonraid:
That explains why we are planning to spend 4.4 billion dollars in our education this year!

That is welcome development. hope we can also emulate this fantastic idea.

tylann:

Iam talking about Sudan not Nigeria
What is the main earner in nigeria ?

i dont know exactly....hard to say...but its surely not oyel...

their are many other revenues....its hard to point out what exactly is the main earner....

oyel is like a bonus...only oyel cant sustain nigeria with their hugh bureaucracy....

We have not even perfected our Agriculture yet,I see more and more potential.It's hard to see a country that become developed without going agrarian first.Let us get the sugar,cotton(apparell) and pyrethrum sector to life.Let us perfect our maize,rice,wheat,coffee and tea sectors.In this way,there will be money flowing through the villagers pockets.We need to encourage community ranching instead of community pastoralism.We need to go back to agriculture,we need to rethink agriculture;we need to go back to the basics.Food will be the next oil!

rvp2018:
If we continue at this pace - we will hit 150B (kshs 15 trillion) in 2023. Then hit 400-500B by 2030. By then we will definitely be competing with South Africa. Nigeria we will not exists then or will be mired in a civil war - Oil-dependent countries are facing a bleak future. We just need to manage our ethnic based politics...

i once read a news that the money that nigerians abroad send back home is even higher than earnings of oyel....

The same way we still can't build a nuclear powered car or plane. Weight and safety concerns keep popping up!

sufferNsmiling:



It all boils down to power a hydrogen engine is more powerful than a diesel or petrol engine for the same size in terms of horsepower to kilograms. Electric vehicles are made very light extremely light to go long distances you cannot load electric vehicle heavily so when you take the power to weight ratio you find out electric vehicles lose out

bantudra:


i dont know exactly....hard to say...but its surely not oyel...

their are many other revenues....its hard to point out what exactly is the main earner....

oyel is like a bonus...only oyel cant sustain nigeria with their hugh bureaucracy....

Sudan was an oil dependant country so when the south secession occurred the south went away with all the oil wells
Living the north to lick they wounds
You still haven't told me what's is Nigeria main earner

Jonraid:
The same way we still can't build a nuclear powered car or plane. Weight and safety concerns keep popping up!

why the hell would you want to build a nuclear powered car or plane....?

vaxx:
https://www.forbesafrica.com/investment-guide/2017/10/30/west-africa-less-attractive-investors/

That links shouild give a clear overveiw

The article did not mention that East Africa accounts for more FDI than West Africa.

https://unctad.org/en/pages/PressRelease.aspx?OriginalVersionID=461

Like I said historically west Africa accounts for more FDI than East Africa. I haven't seen the value for 2018