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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) (6458479 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 rvp20182: 8:27am On Oct 22, 2019 |
Where is the cow. Mombasa you saw is called the Mombasa Island - the Old town - it's date as far back as 10th century - and has tiny streets like you'll find in such similar old towns i.e Rome. Logobenz0: 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by pokuasi: 8:42am On Oct 22, 2019 |
vaxx2:in the Same city where kids are born with no anal opening hence eat through the mouth and shit through the same mouth.. |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by vaxx2: 8:47am On Oct 22, 2019 |
pokuasi:Is that the way it happens in osu republic ( The forgetting eastern Nigeria) |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 8:51am On Oct 22, 2019 |
More tea farms in Kenya. Kenya as country has everything - from desert sand dunes - to very cold highlands suitable for tea farming. 2 Likes
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by pokuasi: 8:54am On Oct 22, 2019 |
vaxx2:Funny how this Ashanti man that barely grow above 4ft, with teeth Longer than his lips can cover, have bloody brown eyes with extremely big, v shaped head, dry skin that feels like fish scale know alot about eastern NIGERIA through his unending obsession with NIGERIAN movies.. an average Ashanti man is nothing short of a cave dweller.. very predictable with lesser intellect than the rest of humanity... 2 Likes
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Abohboy: 9:19am On Oct 22, 2019 |
Abohboy: Turns out that the project hasn't actually started yet because those images were for something called the dangote jetty a port dangote built for his refinery and the actual lekki deep seaport is only finalizing funding this week. China Harbour engineering group is spending 470 million dollars in equity for a 52% stake in the project China development bank is funding it with 630 million dollars,the tolaram group has a 25% stake whilst Nigerian portd authority has 5% and Lagos state government has 20% 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by theenchanter: 9:22am On Oct 22, 2019 |
rvp20182:Nigeria's interest rate is not 20%-25%, our MPR is 12% but LDR interest rate is 3.5%, our LDR policy is targeted at MSMEs. Most Nigerian banks also exceed 60%, some do above 80%... 60% is just d minimum requirement for all banks. I can't find anything regarding ur LDR, not sure u have a policy on that but u can post a link if u have. 3 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by theenchanter: 10:08am On Oct 22, 2019 |
X 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by samorobo: 10:20am On Oct 22, 2019 |
Abohboy: Which project are you talking of...I hope you are not mistaking Lekki deepseaport with badagry deepseaport.. One thing you should know is that LFTZ is greatly ostracized from the rest part of Lagos.. the distance from VI to LFTZ is quite far..LFTz is a very remote area with gated property so not much lagosians are aware that such place exist plus they have strict drone policy..You can't just walk into the property if you don't work there or you are not an investor let alone going to.places close to the port ..Lekki deapseaport is almost complete..you can watch latest update On YouTube 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by NairobiWalker(m): 10:20am On Oct 22, 2019 |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 10:39am On Oct 22, 2019 |
I don't think kenya has min LDR requirement. There is min liquidity requirement of 20%...so banks have to keep at least 20% of their assets as cash. Now looking at your lending rates - your banks are gorging you. Deposit rate is 4% - while interest can go as high as 30% for some sectors - on average about 18-20%. That kind of spread is nearly criminal...but then you have inflation at double digit. For example - Zenith bank charges min of 19% - and max of 30% lending rate. https://www.cbn.gov.ng/Out/2018/BSD/Weekly%20Deposit%20and%20Lending%20Rates%20in%20banking%20Industry%20as%20at%20June%2029,%202018.pdf Nigeria’s (MPR) benchmark rate is 14%, compared to 2.25% in the United States, 6.75% in South Africa, 9% in Kenya and 17% in Ghana. theenchanter: 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 10:50am On Oct 22, 2019 |
One of Nigerian hidden secret : LEKKI DEEP SEA has not even commenced ![]() samorobo: 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by keuz: 10:50am On Oct 22, 2019 |
samorobo:yea, some are old pics. 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Kazikazi: 11:22am On Oct 22, 2019 |
NairobiWalker:Can't you understand that refined Swahili which was spoken? But let me xplain what the clip says.. In 2015,the government carried out demolition exercise in Dar, most unplanned settlements were demolished, the folks went to court,the court halted demolition by a court order.The court said it wasn't properly done. The affected families are having nowhere to go since the government didn't provide alternative. The government says it still wait for more court decisions and clarification,they say,they can't interfere the judiciary. The affected families are pleading to a president for help. So,that isn't a normal slum life like kibera. Those are people who wait for gov to give them plots for resettlement. 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by gallivant: 11:27am On Oct 22, 2019 |
Kazikazi: What kind of government demolishes people's homes without making arrangements for resettlement? A stupid government. Same government trying to run an airline before paying international debts. 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by gallivant: 11:30am On Oct 22, 2019 |
samorobo: It's almost as complete as the Eko sand dunes. 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Abohboy: 11:34am On Oct 22, 2019 |
samorobo: No I went on the internet and tolaram group the people doing it said they are only finalizing the financing this week and the actual port project like the berths etc will start construction at the end of 2019 this is according Tolu Ogunlesi a minister of news or something like that China Harbour the people building it have gotten up the money to build it 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by gallivant: 11:36am On Oct 22, 2019 |
Kazikazi: We are waiting for Bagamoyo port and electric SGR so that we can compare. ![]() 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by gallivant: 11:38am On Oct 22, 2019 |
Abohboy: Well Mr proforce ARA was on YouTube and he swears it's almost complete. The Chinese are just waiting to deploy the cargo ships! ![]() |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Kazikazi: 11:39am On Oct 22, 2019 |
gallivant:Because the courts have taken over! So let the court cases decide the outcome! The folks might even get compensation 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Kazikazi: 11:42am On Oct 22, 2019 |
gallivant:Do u want comparisons? Ours is the longest electrified speed SGR network in Africa with axle load capacity of 35 tonnes! Can u come closer? 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Abohboy: 11:42am On Oct 22, 2019 |
gallivant: Eko Atlantic is actually nearing completion over 200 international companies have started coming to Eko Atlantic to plan their buildings they have added over 50 renderings and plots of land have already been bought up by 2024-2026 Eko Atlantic will be complete In other news Bakassi deep seaport has been approved and it will cost 2 billion dollars again China Harbour are planning on building it will have 9 berths and will hold 2 million TEUs when completed the government is trying to spread out the ports so that no one port is having too much activity because that is what causes congestion China Harbour is also going to be building the new warri port they are planning the designs and how much land etc for the warri port it will likely cost 1.8 billion dollars. Nigeria is also set to start the AKK gas pipeline project at the start of next year this project is ajaokuta-kaduna-kano gas project in the project there will be a 1350MW plant at each stop and a 800MW plant in Abuja on the way this project will solve power problems for the states of kaduna, kano, Abuja and kogi state In Lagos in association with the dangote petrochemical plant they are going to develop 3000MW of power through gas pipelines in Lagos this is working with Siemens to provide these solutions By 2023 Siemens plan on providing Nigeria with 25 000MW, whilst TCN a public Nigerian association is planning on providing 20 000MW of power by 2022 added to this the world Bank gave Nigeria 3 billion dollars for their power projects Nigeriabs do not worry your electricity woes will be over soon. 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by gallivant: 11:43am On Oct 22, 2019 |
Kazikazi: In the meantime, United Republic citizens will sleep and eat outside like wild animals? Great logic bongolala. |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by gallivant: 11:45am On Oct 22, 2019 |
Kazikazi: You don't have an electric rail mate, it's a pipe dream. When you have a functioning SGR or Bagamoyo port is when we can compare. ![]() 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by gallivant: 11:47am On Oct 22, 2019 |
Abohboy: Very well, we will continue this discussion in 2026! 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Abohboy: 12:04pm On Oct 22, 2019 |
gallivant: No it is not that close from what I know they are only finalizing funding now that is why work has not been going very fast before they working off a small loan from the Nigerian government so they were only able to start the breakwater but now work will speed up because they have gotten the funding. 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Abohboy: 12:06pm On Oct 22, 2019 |
gallivant: But it's not like Kenya has anything like Eko Atlantic your konza has basically been canceled or has just lost most of its funding because there is little to no progress on it. 3 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by gallivant: 12:15pm On Oct 22, 2019 |
Abohboy: We don't want anything like Eko in Kenya, get your facts right. We also don't want anything like Abuja or Dodoma in Kenya. Konza, Tatu city will be completed before your Eko sand dunes. 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by theenchanter: 12:32pm On Oct 22, 2019 |
rvp20182:i don't think u know anything pertaining economics... i sense u're just searching d web and bringing up incoherent postulations. MPR is the interest rate at which central bank lend to commercial banks and not to the average man on the street while LDR is meant for the average man on the street. LDR loan is gotten from deposit in banks and not from central bank. MPR is dependent on status of economy and used to check inflation. If an economy is vibrant and has low inflation rate, its MPR will be lower than a country that has a turbulent economy, which is d mother of inflation. But LDR is deliberately meant for small biz owner to borrow at low interest rate. 3 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Abohboy: 12:36pm On Oct 22, 2019 |
gallivant: Konza has little to no progress only Tatu city is doing anything stp lying here has been basically no progress on anything in konza since 2017 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Mkenya2019: 12:58pm On Oct 22, 2019 |
All this emotional outburst to hide the fact that your banks are gorging you. Your MPR last few yrs has been 12-14% - nearly twice Kenya (8-9%). Your deposit rate is 4% - in Kenya it about 6-7% - meaning depositing money in Nigerian bank is as good as burning it. You lending rate to final consumers is shockingly anything from 15-30%! Kenya lending rate is 13% (that about your base lending rate). Kenya as far as I know doesn't have minimum LDR requirement. We have a liquidity requirement - cash ratio - where Banks have to keep at least 20% of their assets as cash. Suffice to say the average LDR in kenya is btw 75-80% https://cytonn.com/downloads/fy-2018-banking-sector theenchanter: 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Mkenya2019: 1:12pm On Oct 22, 2019 |
Not true. Konza has been allocated funding every year - the office complex for Konza secretariat is complete - the horitzontal infrastructure for Phase 1 is ongoing (awarded to some Italian company). The Korean Institute of Science & Technology deal has been signed and just awaiting financing agreement. [img]https://lh3.ggpht.com/p/AF1QipNcDyiu_3Vgiwp8b60MHByceWa35uYO2WeG673A=s1536[/img] Abohboy: 1 Like |
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