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Nairaland Forum / Nairaland / General / Politics / Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC (43176 Views)
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Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by Nobody: 2:04pm On Feb 20, 2019 |
Olawalesmarter: So which school did you go to before you understand Dangote refinery doesn’t have the capacity mentioned to refine Nigeria’s crude...? Are you also aware he will sell at same import price...? And Government will continue paying Subsidy. Calculate how many liters you get per barrel, then do the maths with total Nigerian daily consumption of 35m liters
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Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by Olumyco(m): 2:06pm On Feb 20, 2019 |
Mariory: This is true. Nigeria GDP (PPP) is in trillion dollars. And in economics this is more revealing than GDP (Nominal). You know we dont spend dollars, we spend Naira here and since the GDP is calculated in dollars by using exchange rate which means the GDP (Nominal) is calculated in naira and converted to dollars. But in a situation whereby the US Standard Price in dollars is used for our goods... like how much our goods and services will cost if it were sold in US since the GDP is in dollars then according to GDP (Purchasing Power Parity) of Nigeria it is around $1 trillion. Even when that of China was done it was more than that of US. But I know US wont like it and they would prefer GDP (Nominal) because they are leading in that one 1 Like |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by chemgee: 2:07pm On Feb 20, 2019 |
Kagawa10:just like football ranking, No 1 in Africa may be No 20 or No 40 in d world. so if d article was true, Nigeria's No 1 position in Africa @ 1.2 tr should place it No 16 in The world... |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by Donice01: 2:09pm On Feb 20, 2019 |
See ongoing nigerian railway modernization project.. click the subscribe button for updates.. https://www.youtube.com/watch?v=dBedfQ9mWik 1 Like |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by Olumyco(m): 2:12pm On Feb 20, 2019 |
servercodes001: Sir the guy is right. GDP can either be calculated as nominal which is conversion of goods and services sold in local currency to US dollar or calculated as Purchasing Power Parity (PPP) which is calculating it as if the goods and services were sold directly in US Dollars in US. You can do the research yourself. 1 Like |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by shugabasbn: 2:13pm On Feb 20, 2019 |
Nigerian are just like Israelites after Moses battled to safe them from the claw of Pharaoh they started crying please Moses return us to our former state. With steady and progressive will are moving under PMB I know by God grace we will get there. Never PDP again 2 Likes 1 Share |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by femi4: 2:18pm On Feb 20, 2019 |
mycar:you lack understanding ...."Nigeria has taken over south Africa" that's what the topic says |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by SweetBwoy: 2:19pm On Feb 20, 2019 |
mycar: Don't just rush and type nonsense... Google is your friend 1 Like 1 Share
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Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by Raskasal(m): 2:24pm On Feb 20, 2019 |
MrAJQ: God bless PMB 1 Like 1 Share |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by bezimo(m): 2:25pm On Feb 20, 2019 |
mycar: I knew it was a scam..Waste APC govt 1 Like |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by chineloSA(f): 2:28pm On Feb 20, 2019 |
they will soon overtake us. SA has recently discovered huge pockets of gas in their coast lines. Saudi Arabia is in the process of building a refinery. Qatar and France also play a huge role in their exploration. |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by Numlock: 2:31pm On Feb 20, 2019 |
Na now day break. |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by Olawalesmarter(m): 2:31pm On Feb 20, 2019 |
eddiebruk: You are just a Chronic Hater nothing more so i will stop argueing with you, whether you like it or not it will be 100% better than Exporting our crude oil outside the country and the Refinery has been tagged to be one of the biggest refinery in the World, there should be no doubt that's it is going to boost our Economy. Experts said the Refinery will be capable of Refining Nigeria's consumption and Surpluses will be export outside the country, but typical Nigerian hater think he know better by just Hating any development. Do you know the exact litters that make up a Barrel? whether Dangote will sell at a more Expensive price or not, or whether the Government will continue paying Subsidy or not let the Refinery Start working first, there should be no doubt that it will be better than Exporting our crude oil outside the Country. You are just a serial Hater nothing more |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by bidex(m): 2:36pm On Feb 20, 2019 |
PresidentAtiku: see this one, election rice nibo? come Lagos, Ogun, Oyo to buy your rice |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by Ibrahimanis: 2:37pm On Feb 20, 2019 |
Fake news 1 Like |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by bidex(m): 2:37pm On Feb 20, 2019 |
praz001: abeg tell the haters ooo. they will stop at nothing to spoil names and to spoil reputations. they are all bunch of desperate ones |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by philfearon(m): 2:38pm On Feb 20, 2019 |
mycar:Mumu, don't you have brain? 13 or 121, which is bigger? Seems like fôolishness and hatred has totally blinded you!!! |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by Olumyco(m): 2:39pm On Feb 20, 2019 |
eddiebruk: Sir do you know what is called economic activities? Population contributes in terms of market but not the main thing. If it were to be by population strictly countries like South Africa, Algeria, Morocco/Angola will not be in top 5 highest GDP in Africa. For your information After Nigeria in terms of population the next country is Ethiopia followed by Egypt, DR Congo down like that. SA is just appr 55 million, Algeria is apprx 40 million, Morocco is less than 30 mill.... so what are you saying? Nigeria is number 7 in terms of world population so are we in first 20 highest GDP in the world? No! This is the mistake many of us make. There are ways a country can leverage on her population for wealth creation which helps GDP but there are other things like companies, industries, locally made goods, financial policy, government spending, yearly govt budget, debt servicing etc that determines GDP. Get this right Sir. 1 Like |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by natznext(m): 2:40pm On Feb 20, 2019 |
myboy2111: Please where is the link to this report? |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by natznext(m): 2:42pm On Feb 20, 2019 |
philfearon: 1.13 is bigger than 1.121 sir The last digit in 1.121 which is the last "1" has to get to 9 before that figure can become 1.13 |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by deomelo: 2:42pm On Feb 20, 2019 |
@SAIBABA#SAIBUHARI@SNATCH@YOUROWNRISK., |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by olumide3367(m): 2:46pm On Feb 20, 2019 |
bidex:Those shouting buhari must go did not voted him in 2015,therefore I am not worried at all because the thief they worship can't win. The children of hates always frown at good news,all they want is heartbreaking,negative news that will make them throw tantrums at buhari . They are just fighting for their own political relevancy and that is why they attack omoluabi by calling them names because they are also fighting for their own political relevancy.buhari is the best that happen to Nigeria. Leave pdp alone to wail because next level is certain 4+4=8 successful tenure of our great and indefatigable President. Sai baba |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by philfearon(m): 2:47pm On Feb 20, 2019 |
natznext:Check again bro... You are confusing yourself!!! 1 Like |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by PresidentAtiku(m): 2:48pm On Feb 20, 2019 |
bidex: Common shut up That reminds me... Where is LAKE rice scammers |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by bidex(m): 2:53pm On Feb 20, 2019 |
PresidentAtiku: are you asking me? ask Amubode na! or you think its easy for APC to remove a sitting Governor over misconducts? which governor has your People Deceiving People removed in history? |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by bidex(m): 2:54pm On Feb 20, 2019 |
olumide3367: Sai Baba All the wayyyy 1 Like |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by CioAngels(f): 2:56pm On Feb 20, 2019 |
With homeless and hungry citizens, no hospitals, schools, light, water, stealing politicians and many others. What is their/her pride |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by PresidentAtiku(m): 3:00pm On Feb 20, 2019 |
bidex:where is the poor Rice joor scammer |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by nelcliff(m): 3:02pm On Feb 20, 2019 |
shachris05: Zombies can't read. They depend on fake news from their masters lip. God bless you.. |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by tallerSSS: 3:10pm On Feb 20, 2019 |
MrAJQ:have your calculated if South Africa is not actually going down economically..going down is very different from catching up not to talk of taking over |
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