Abohboy:


So turns out it is actually 120 000km of broadband fiber cabkes all over Nigeria not just special areas whole cities, towns and villages also they will give broadband fibers to all business parks, industrial parks, hospitals and school

The government is also going to spend 500 million dollars on the innovation project where they create 700 000 jobs through the tech industry and set up more tech hubs all around Nigeria they are also going to train over 1 million people to code in 4 years they have already trained 1 million

comeback when you do it.Otherwise Nigeria is known for big wet dreams.Kenya has anything upto 30,000kms of fiber network...and FTTH (fiber to the homes) is now approaching 0.5m.South Africa leads with 2m FTTH.Nearly every part of Nairobi and Mombasa has FTTH.

Kazikazi:
You mentioned the word fiber with Turkana at same sentence? Really? Fiber before food!
Hehehehe

Yes food is not everything for everyone.Within Turkana there exist demand for internet even by the NGOs fixing food issues

vaxx2:
Very stupid osu boys who is willing to sleep under bridge in Accra and remain unkept for days just to sell pirated phones or hawk second hand cloth to survive than live in forsaken kingdom in osu republic...



Already pokuase was recently raided of criminal , and I am sure you did not excape the raiding, how much do you pay for the bail? the next time you will not be realised, you will be send to nsawom maximum prison to meet your brother

I dare you to put you picture up here, you're not more than 5ft tall.. you're an Ashanti pig who having been living under a stone all your miserable life vomiting shit through the same mouth you eat terribly smelling banku and grinded green pepper.. your country consumer more drugs than any other country in Africa.. your country is so corrupt that Guinea fowl was claimed to have crossed over to Burkina Faso. A foolish country known signing every paper presented to them without firstly scrutinizing them.. a country that have sold its sovereignty for 20 million dollars to the AMERICANS to have their military base..

Kennyswagz1:
common bro, don't talk like that.. China will borrow them and their president will use nairobi as a collateral. . Chinese will now own nairobi, while kenyans will own kibera

And then, they'll be starving like Turkanans

Kennyswagz1:
imagine elephant tusk used as a decoration

LMAO hahahahahahaha

I read the back and forth between a Ghanaian and Kenyan dude some threads back and I've done a little bit of due diligence.
Turns out Ghana is just a rip off country...simple commodities are inexplicably expensive
From bread to as small as a bottle of soda..
I don't seem to understand why

gallivant:


Nobody asked you for all of that! Just tell us the interest rates flouted by banks to ordinary Nigerians. Stop the shenanigans.

I've stated that our LDR interest rate is 3.5% but I don't expect ur eyes to be functional at all time.

Mkenya2019:
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

may sense locate u wherever u are.

You dismissed a country as a rip off because of prices of goods and services? How many countries have you visited in your life? Are the prices of goods and services the only indicator of prosperity? Norway is considered the richest country in the world. But do you know how insanely expensive Norway is? I am currently in Singapore, and prices are not cheap here. So what are you talking about ? Fuckeduppedness

Carmit:
I read the back and forth between a Ghanaian and Kenyan dude some threads back and I've done a little bit of due diligence.
Turns out Ghana is just a rip off country...simple commodities are inexplicably expensive
From bread to as small as a bottle of soda..
I don't seem to understand why

MUMUdom:
You dismissed a country as a rip off because of prices of goods and services? How many countries have you visited in your life? Are the prices of goods and services the only indicator of prosperity? Norway is considered the richest country in the world. But do you know how insanely expensive Norway is? I am currently in Singapore, and prices are not cheap here. So what are you talking about ? Fuckeduppedness

So Ghana has the quality of population Norway has right?

What do you mean quality of population? How do you define “quality”:in application to population?

Carmit:


So Ghana has the quality of population Norway has right?

MUMUdom:
You dismissed a country as a rip off because of prices of goods and services? How many countries have you visited in your life? Are the prices of goods and services the only indicator of prosperity? Norway is considered the richest country in the world. But do you know how insanely expensive Norway is? I am currently in Singapore, and prices are not cheap here. So what are you talking about ? Fuckeduppedness

I think the problem is price of goods compare to lower basic salary. It seem Ghana is worse on that.

MUMUdom:
What do you mean quality of population? How do you define “quality”:in application to population?

google search d meaning of "quality of population", u idiot!

Hahahahaha Fuckeduppedness you are playing with fire oooh Fuckeduppedness don’t start what you can’t finish oooh roforofororo

theenchanter:
google search d meaning of "quality of population", u idiot!

theenchanter:
may sense locate u wherever u are.

Lame.Typical of a Nigerian when confronted with facts

rvp2018:
Lame.Typical of a Nigerian when confronted with facts

no single fact in ur post.

I understand your point. You see cost of living around the world is increasing. Taxes are going up all the time. In Ghana, fuels sells for almost three times the price in nigeria. Vat is about 12.5% or so,while it is 5% in Nigeria. Even port charges in Ghana are higher than most countries in West Africa. So understandably, prices of goods and services are relatively higher in Ghaba. But again it shows the resilience of the Ghanaian economy. Currently, there is a big debate in Nigeria about plans to charge 7.5% VAT. People are crying that increasing vat to 7.5% will impoverish more nigerians just 7.5% vat oooh meanwhile Ghanaians pay at least 12.5% vat and are doing fine. Chai, naija eeeh

Acadavah:
I think the problem is price of goods compare to lower basic salary. It seem Ghana is worse on that.

Okay let me try again - maybe I will be 3rd time lucky - your MPR/CBR/Inter-bank rate/base lending rate - has been set around 12-14% lately by your CBN - Ghana is 17% - Kenya is 8-9% (set quartely by our Monetary Policy Board by our CBK).

Our Kenyan banks since 2016 - are allowed max of 4% plus CBR - so 9+4 =13% to charge customers (lending or interest rate). They are also allowed to min deposit rate of 4% minus CBR - so 5% - most do even as high as 7% fixed deposit rate.Nigeria banks charge on average I think 20-30% interest rate - Zenith your biggest bank min lending rate you can get is 19% - max of 30%.

Suffice to say your MACRO-ECONOMICS indicators are as worse as Ghana. Inflation rate is double digit (kenya plays around 4-5%). Interest rate in 20% plus. I am not sure honestly how you guys survive. You have it twice as worse as kenya.

For reference...South Africa CBR/MPR is around 6-7% - with interest around 10-12%. US has MPR of 0.5% with interest rate of 2%. Now tell me a Nigerian who takes loan or mortgage for 30% - how do you manage to repay that back? Now that your CBN forces banks to lend? Who do they lend to? - Maybe Nigeria federal and states gov?

theenchanter:
no single fact in ur post.

rvp2018:
comeback when you do it.Otherwise Nigeria is known for big wet dreams.Kenya has anything upto 30,000kms of fiber network...and FTTH (fiber to the homes) is now approaching 0.5m.South Africa leads with 2m FTTH.Nearly every part of Nairobi and Mombasa has FTTH.

How do you always find a way to make a project sound bad this project is being done by Samsung, Huawei and main one, the company main one set up a 2 100km long cable aling the coast of West Africa and I think it connected to Portugal as well so they are already professionals at it

I already showed you pictures if the laying if fibers in Lagos not just yaba, Lagos as a whole will get 3000km of fibers and I showed you the image already so do not say we are a country of pipe dreams that what everyone said about Eko Atlantic are there not cranes and skyscrapers building there as we speak.

It seems like Kenyans are the ones who cannot speak seeing that konza actually seems like a pipe dream according to the comment section of the konza progress video this year, this is from Kenyans not me you can search it and read the comment section yourself.

You're at least 10 or 15yrs late. So this is how you progress in this fiber business.
1)You have undersea international cable. The one from Lagos to Portugal etc. That I think is pretty much done in west coast of Nigeria. But we hear stupid GLO want to invest lots of billions there?
2) You build a backbone fiber network. Even Tanzania has one. You're not yet started here. Backbone fiber is sort of fiber connecting all Nigeria main towns and cities. You have NOT DONE THIS. Kenya has about 5-6K kms of National Fiber Optic Networks covering all 47 counties. Kenya Power (our utility company) has also another 4,000kms of back-bone fiber network that they lease. KETRACO (Kenya transmission line) also boast of 2,000kms of Fiber around the high voltage power lines that they also lease as back-bone fiber network.
3) Then you build FTTB - Fiber to the Buildings. This is is what you're attempt to do in YABA. In place like Kenya - FTTB is done in nearly all major towns. In Nairobi every building has FTTB. In fact nowadays any contractor make provision for FTTB - if not even install them.
4) Then you get into FTTH - Fiber to the Home. This one you'll get there in what 20 or 30yrs!!!. That is connecting every home to fiber. FTTH is pretty much good in major kenya cities. Safaricom alone has 300,000 subscribers connected to FTTH.

I am typing this from FTTH.

Abohboy:

How do you always find a way to make a project sound bad this project is being done by Samsung, Huawei and main one, the company main one set up a 2 100km long cable aling the coast of West Africa and I think it connected to Portugal as well so they are already professionals at it

I already showed you pictures if the laying if fibers in Lagos not just yaba, Lagos as a whole will get 3000km of fibers and I showed you the image already so do not say we are a country of pipe dreams that what everyone said about Eko Atlantic are there not cranes and skyscrapers building there as we speak.

It seems like Kenyans are the ones who cannot speak seeing that konza actually seems like a pipe dream according to the comment section of the konza progress video this year, this is from Kenyans not me you can search it and read the comment section yourself.

Mkenya2019:
Okay let me try again - maybe I will be 3rd time lucky - your MPR/CBR/Inter-bank rate/base lending rate - has been set around 12-14% lately by your CBN - Ghana is 17% - Kenya is 8-9% (set quartely by our Monetary Policy Board by our CBK).

Our Kenyan banks since 2016 - are allowed max of 4% plus CBR - so 9+4 =13% to charge customers (lending or interest rate). They are also allowed to min deposit rate of 4% minus CBR - so 5% - most do even as high as 7% fixed deposit rate.Nigeria banks charge on average I think 20-30% interest rate - Zenith your biggest bank min lending rate you can get is 19% - max of 30%.

Suffice to say your MACRO-ECONOMICS indicators are as worse as Ghana. Inflation rate is double digit. Interest rate in 20% plus. I am not sure honestly how you guys survive.

For reference...South Africa CBR/MPR is around 6-7% - with interest around 10-12%. US has MPR of 0.5% with interest rate of 2%. Now tell me a Nigerian who takes loan or mortgage for 30% - how do you manage to repay that back? Now that your CBN forces banks to lend? Who do they lend to? - Maybe Nigeria federal and states gov?

guy, forget it.. its not ur terrain. U're already frying ur brain.

MUMUdom:
I understand your point. You see cost of living around the world is increasing. Taxes are going up all the time. In Ghana, fuels sells for almost three times the price in nigeria. Vat is about 12.5% or so,while it is 5% in Nigeria. Even port charges in Ghana are higher than most countries in West Africa. So understandably, prices of goods and services are relatively higher in Ghaba. But again it shows the resilience of the Ghanaian economy. Currently, there is a big debate in Nigeria about plans to charge 7.5% VAT. People are crying that increasing vat to 7.5% will impoverish more nigerians just 7.5% vat oooh meanwhile Ghanaians pay at least 12.5% vat and are doing fine. Chai, naija eeeh

nobody is refuting d fact that cost of living is on the rise everywhere.. what he's telling u is that ur cost of living is very far above ur minimum wage.

Compare the minimum wage in that singapore with their income with urs and see d diff, in fact, compare Naija and ghana in that aspect.

Of course you cannot counter that. Your country macro-economics are a lot similar to Zimbwabwe or Venezuela than say Kenya. Admittedly Ghana is doing even more baldy. Control your inflation, bring down your interest rates, float Naira and maybe you can rejoin the progressive nations like kenya with single-digit inflation, single digit MPR, and who knows even soon single -digit lending rates.

Or what do you think Zoo-man from Nigeria.

theenchanter:
guy, forget it.. its not ur terrain. U're already frying ur brain.

Mkenya2019:
You're at least 10 or 15yrs late. So this is how you progress in this fiber business.
1)You have undersea international cable. The one from Lagos to Portugal etc. That I think is pretty much done in west coast of Nigeria. But we hear stupid GLO want to invest lots of billions there?
2) You build a backbone fiber network. Even Tanzania has one. You're not yet started here. Backbone fiber is sort of fiber connecting all Nigeria main towns and cities. You have NOT DONE THIS. Kenya has about 5-6K kms of National Fiber Optic Networks covering all 47 counties. Kenya Power (our utility company) has also another 4,000kms of back-bone fiber network that they lease. KETRACO (Kenya transmission line) also boast of 2,000kms of Fiber around the high voltage power lines that they also lease as back-bone fiber network.
3) Then you build FTTB - Fiber to the Buildings. This is is what you're attempt to do in YABA. In place like Kenya - FTTB is done in nearly all major towns. In Nairobi every building has FTTB. In fact nowadays any contractor make provision for FTTB - if not even install them.
4) Then you get into FTTH - Fiber to the Home. This one you'll get there in what 20 or 30yrs!!!. That is connecting every home to fiber. FTTH is pretty much good in major kenya cities. Safaricom alone has 300,000 subscribers connected to FTTH.

I am typing this from FTTH.

So your telling me wherever I am in Kenya there is an option for Wi-Fi I just need to get the password for this wifi or is it open because I seriously doubt that I will be able to get wifi wherever I am in Kenya if that was the case people would have been shouting about all these years.

Not even in England can you get Wi-Fi wherever you are the government doesn't give wifi to people for free they have to buy individual routers if they want wifi but from what I have read if I come to Kenya I can access wifi wherever I am in kisumu, Nairobi, Mombasa even a random village there will be wifi is this true please confirm

Mkenya2019:
Of course you cannot counter that. Your country macro-economics are a lot similar to Zimbwabwe or Venezuela than say Kenya. Admittedly Ghana is doing even more baldy. Control your inflation, bring down your interest rates, float Naira and maybe you can rejoin the progressive nations like kenya with single-digit inflation, single digit MPR, and who knows even soon single -digit lending rates.

Or what do you think Zoo-man from Nigeria.

i'll explain more about it to u if u can explain the emboldened sh1t from urself.

Mkenya2019:
Okay let me try again - maybe I will be 3rd time lucky - your MPR/CBR/Inter-bank rate/base lending rate - has been set around 12-14% lately by your CBN - Ghana is 17% - Kenya is 8-9% (set quartely by our Monetary Policy Board by our CBK).

Our Kenyan banks since 2016 - are allowed max of 4% plus CBR - so 9+4 =13% to charge customers (lending or interest rate). They are also allowed to min deposit rate of 4% minus CBR - so 5% - most do even as high as 7% fixed deposit rate.Nigeria banks charge on average I think 20-30% interest rate - Zenith your biggest bank min lending rate you can get is 19% - max of 30%.

Suffice to say your MACRO-ECONOMICS indicators are as worse as Ghana. Inflation rate is double digit (kenya plays around 4-5%). Interest rate in 20% plus. I am not sure honestly how you guys survive. You have it twice as worse as kenya.

For reference...South Africa CBR/MPR is around 6-7% - with interest around 10-12%. US has MPR of 0.5% with interest rate of 2%. Now tell me a Nigerian who takes loan or mortgage for 30% - how do you manage to repay that back? Now that your CBN forces banks to lend? Who do they lend to? - Maybe Nigeria federal and states gov?

The same way you don't believe common sensical stuff like electricity 24-7 is possible. Well it very possible in kenya - for slums and even deep rural to enjoy 24-7 reliable electricity for 350 of 360 days a year.

Now talking Fiber....read here.

This white man went back to England from Nairobi - and this is what he said
https://twitter.com/benliquidkenya/status/1152123276547776512?lang=en



I’m finally getting Fibre installed at my house in UK. Over five years since I got Fibre at my home in Nairobi Kenya. Great to see my mother country UK catching up on Africa with advanced technology infrastructure.

Abohboy:


So your telling me wherever I am in Kenya there is an option for Wi-Fi I just need to get the password for this wifi or is it open because I seriously doubt that I will be able to get wifi wherever I am in Kenya if that was the case people would have been shouting about all these years.

Not even in England can you get Wi-Fi wherever you are the government doesn't give wifi to people for free they have to buy individual routers if they want wifi but from what I have read if I come to Kenya I can access wifi wherever I am in kisumu, Nairobi, Mombasa even a random village there will be wifi is this true please confirm

Oh dear,oh dear your MUMU never do? Fuckeduppedness you are speaking pure crap! I don’t need to be prophet to know that Nigeria is a damn fvcking sh1thole what is the salary of a police constable in Nigeria? can you tell me? We can compare with that of a police constable in Ghana Fuckeduppedness I no fit laugh oooo I am giving you rope to hang yourself, ediot!

theenchanter:
nobody is refutting d fact that cost of living is on the rise everywhere.. what he's telling u is that ur cost of living is far above ur minimum wage.

Compare the minimum wage in that singapore with their income with urs and see d diff, in fact, compare Naija and ghana in that aspect.

MUMUdom:
Oh dear,oh dear your MUMU never do? Fuckeduppedness you are speaking pure crap! I don’t need to be prophet to know that Nigeria is a damn fvcking sh1thole what is the salary of a police constable in Nigeria? can you tell me? We can compare with that of a police constable in Ghana Fuckeduppedness I no fit laugh oooo I am giving you rope to hang yourself, ediot!

lol, continue with ur hallucination jare.

We have had interest rate capping since 2016 by our parliament - Our judiciary recently ruled it unconstitutional for it interfering with independence of Central Bank and Treasury doesn't like it coz private lending growth has tapered off- but basically Commercial interest rates were capped at 4% above CBR or MPR. In kenya that is 9% +4% - so max a bank can charge you now is 13% - not 30% like Nigeria.

theenchanter:
i'll explain more about it to u if u can explain the emboldened sh1t from urself.

Mkenya2019:
We have had interest rate capping since 2016 by our parliament - Our judiciary recently ruled it unconstitutional for it interfering with independence of Central Bank and Treasury doesn't like it coz private lending growth has tapered off- but basically Commercial interest rates were capped at 4% above CBR or MPR. In kenya that is 9% +4% - so max a bank can charge you now is 13% - not 30% like Nigeria.

that's what happen when u can't define ur own post.

Business NewsWed, 23 Oct 2019
Ghana to export electricity to Mali and Niger — Dr. Bawumia


Vice President Dr. Mahamudu Bawumia says Ghana is on course to become a major exporter of power in the West Africa sub-region following the commencement of export of electricity to Burkina Faso.

Burkina Faso joins Togo, Cote d’Ivoire and Benin as the West African countries that Ghana regularly exports electricity to.

But speaking at the 3rd Ecowas Sustainable Energy Forum in Accra, the Vice President Dr. Bawumia stated that government has set its sights on power exports to countries such as Niger and Mali.

“Ghana has also expanded the reach of exporting power to the regional block to improve the socio-economic conditions of our neighbours. Apart from power exports to Togo and Benin, we have also started the export of affordable and reliable electricity to Burkina Faso,” the Vice President revealed.

According to Dr. Bawumia, Ghana is undertaking grid expansions which would allow further exports to other neighbouring countries in the sub-region including those in Sahelian regions such as Niger and Mali.

“We also continue to work to ensure that we have a robust and financially strong power sector in Ghana to support the ECOWAS regional efforts in the long term.

To ensure that Ghana remains committed to its renewable energy portfolio standards, we have completed a comprehensive National Renewable Energy Master Plan (REMP) with a comprehensive strategy for implementation. As government, we would ensure that the plan is implemented to the letter,” Dr. Bawumia added.

Source: citibusinessnews.com

That is what happens when you live in a backward nation, received backward education and now have to suffer thro endemic poverty as banks charges you 30% interest rate and inflation is at 13% - and now with border closure - expect inflation to go thro the roof - and banks to start charging your 40%.

Nigeria is nothing but a ZOOOOOOOOOOOOOOOOoooo.

theenchanter:
that's what happen when u can't define ur own post.