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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) (6454995 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 Acadavah: 1:26pm On Nov 14, 2019 |
rvp20182: You are deluded. 4% or 3.9% that you say was a IMF projection for this year and up now it has grown by 5.2% against their projection. |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by vaxx2: 1:28pm On Nov 14, 2019 |
Just30:sure , but so the minister be willing to list it without privatizing it. that make more sense to me. additional money to both goverment and citizens 1 Like 1 Share |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 1:28pm On Nov 14, 2019 |
You're only ahead because our real estate has been having some trouble - which are now history. Before 2016 - our cement production & consumption - has been growing at double-digit. Now it's been regressing. In fact we use to do double Tanzania - but the laggards are catching up - as a credit to the housing sector has been basically frozen for 3yrs now. Therefore we cannot use cement consumption per capita to blindly conclude you're doing better than Kenya. https://www.nation.co.ke/business/Real-estate-sector-performance-dropped/996-5305698-1i2llt/index.html Now that issues have been resolved - expect kenya cement production and consumption - to recover and zoom past the laggards. Of course because our economy is well diversified - a problem in one or two sector - doesn't send us to IMF ICU room. vaxx2: 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 1:29pm On Nov 14, 2019 |
Ridge Airport city Lincoln Avenue 2 Likes 1 Share
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 1:30pm On Nov 14, 2019 |
I am talking 2018 and 2019. 2018 according to IMF/WB - TZ economy grew by 4.2 or 3.9% - and this year they had projected either of those numbers - while your gov is always claiming a fake 7% growth. Meanwhile, TZ currency has continued to weaken against USD... expect to soon be with Ghana in IMF ICU room. It going to be very expensive and painful for Tanzania because they have nurtured and entertained a dictator. Acadavah: 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by vaxx2: 1:35pm On Nov 14, 2019 |
rvp20182:You are making more noise . what causes the introduction of your goverment to cap interest rate? if not poor governance tell me ? You lending pattern as been sluggish for a while now and it is evident in the performance of your micro economics . even your credit rating has suffer set back ....making IMF skeptical of further borrowing you.... Idiot , Ghana economy growth is majorly broad based not entirely oil and minig . Non-oil GDP has increased from 4.6% in 2016 to 6.5% in 2018 and is projected to reach 6.0% in 2019 and 6.7% in 2020. that is our non traditional commodity. 2 Likes 1 Share |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by pacretus(m): 1:36pm On Nov 14, 2019 |
Just30:that is how a country develops, not a one city development like you have in Kenya. Nigeria practices federalism(partially) as such each state develops like a country. But I think you need to visit Abuja again, you missed Abuja |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 1:38pm On Nov 14, 2019 |
pacretus:i was there over the weekend for Wiki Indiba |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Jonraid(m): 1:40pm On Nov 14, 2019 |
Our detractors are waiting for Kenya Airways to die! ![]() African most improved airline of the year in terms of increasing Inter-African connection. Kenya Airways! 1 Like
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by pacretus(m): 1:40pm On Nov 14, 2019 |
Just30:where did you visit? |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by samorobo: 1:40pm On Nov 14, 2019 |
vaxx2: Kenya unemployment rate sits at 40% ...I don't know if you know that.. 1 Like 1 Share |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by pacretus(m): 1:41pm On Nov 14, 2019 |
Jonraid:yah. With one aircraft, bravo |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by vaxx2: 1:42pm On Nov 14, 2019 |
rvp20182:You keep hiding under interest rate capping as if it is not a flaw from your governance. Your poor lending ratio push up the idea by your parliamentarian to introduce capping .... forgetting the impact on your micro economics performance ..... Per head is a factor in economics, it averagely give a valid judgement opinion on who is doing better . concrete statistics has proven we are doing 8 million in 2018 but you foolishly ignore that and drag up dangote who is just a secondary player in the cement industry in Ghana to form your porous opinion. An act of madness. so economically, per dangote 6 million 2018 data , we are doing far better than kenya .... Either per head or per consumption, Ghana is miles ahead of you. 2 Likes 1 Share |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Jonraid(m): 1:43pm On Nov 14, 2019 |
I don't think folks who have been bailed out a countless of times by IMF have the moral authority of teaching us economics! https://www.economist.com/middle-east-and-africa/2019/06/22/after-its-16th-bail-out-ghana-hopes-to-put-the-imf-behind-it Sirens wailing, a black government car pushes through the traffic, past the beggars and street vendors, up a potholed road. Vehicles like these, the perks of a growing number of political appointees, are a common sight in Accra—and a source of popular outrage. Since Nana Akufo-Addo took office as president in January 2017 the number of government ministers has soared by 42% to 125, each with a car, guards and a taxpayer-funded home. Outside Ghana Mr Akufo-Addo has been hailed as a hero. When he was sworn in, it was as if he was a passenger in a plummeting aeroplane who had just been handed the controls. His predecessor, John Mahama, had taken a high-flying economy—growth was 17% in 2011 thanks to the first production of oil from its Jubilee Field—and promptly put it into a nose-dive. Under Mr Mahama inflation soared, the economy slowed and public debt ballooned, with much of the borrowed money squandered on higher wages for public employees. vaxx2: 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 1:48pm On Nov 14, 2019 |
I see the ratio of insults versus polemic is getting better - but there is still a dearth of facts. Modern democratic gov like Kenya has 1) Independent parliament - that amended the law introducing interest rate capping after popular demand from citizens. 2) The executive - led by the president - who for expedient reasons (the election was in 2017) did not veto the law despite Treasury advice. 3) Independent institutions like Central Bank of Kenya - who opposed the rate capping - and went to court. 4) Independent Judiciary - that for example annualed 2017 presidential election - 1st in Africa - and also declared the rate capping unconstitutional for interfering with Central Bank mandate to manage the macro-economics of the country- and gave Parliament one year to make the neccesary changes. Now that rate-capping has been done away - risky sectors like real estate that had been outprized - will now be able to borrow at 16% instead of 13% - and the money will flow again to the sector. We also have huge housing agenda - with intention to build 0.5M housing units. IMF had two main issues with kenya - rate-capping (history now) - and our GDP to debt (we were pilling debt - deficit bla) - and we are sorting that - because we are no longer leveraging - but mostly debt-refinancing. We are far from calling for IMF bail out. In fact if IMF gives us the 1.5B dollars - it very unlikely we will ever withdraw it - our economic fundamentals are good. As regarding to Ghana - what share of minning and oil (extractive industry) in your GDP? Answer without lacing it with insults. We can be friends you know - this is about Ghana a country - not your mother. So don't personalize it vaxx2: 3 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 1:51pm On Nov 14, 2019 |
I have give you a synopsis of our rate-capping experiment in another reply - as for cement - it's easy - we are talking cement because it's a pretty good indicator of development. So it's a pertinent issue. My theory is our cement production & consumption tapered off due to interest rate-capping outprizing the real estate & construction from the credit market. If you get me Ghana's cement consumption and production from say 2008 to 2018 - and we juxtapose them against kenya cement data for the same time period - we can see if my theory is right or wrong. I am not betting on it. This is probably beyond your paygrade. vaxx2: 3 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 1:51pm On Nov 14, 2019 |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Problemkid1: 1:52pm On Nov 14, 2019 |
pacretus:they don't know Abuja very well. Abuja that am in presently. I stay at Asokoro. No city can match Abuja development in Africa |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by kikuyu1(m): 1:53pm On Nov 14, 2019 |
rvp20182: You've nailed it! Imagine I've been searching for cement data and can't find it. Also that Economist write up exposed Ghana shockingly! Who'd have thought! Tbh,though their dysfunctions are very peculiar-people rejecting their own currency (WTF!?) |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by vaxx2: 1:53pm On Nov 14, 2019 |
Jonraid:IMF Don't manage economy, they give advice instead ..... Your country poor credit rating fercility is a testament of your poor governance. seeking IMF relieves isn't a biggy , but ability to manage the cash . your country was heavily under the high grips of China. you can't continue borrowing from one Paul to pay Peter. it doesn't work that well. IMF understand this and that was the good reason for stopping the credit arrangement with you Hopefully your Chinese debt case wouldn't bring you to become economy handicapped like Sri Lanka..... 1 Like 1 Share |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 1:56pm On Nov 14, 2019 |
rvp20182:even cement consumption in Ghana in 2008 was still above yours |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 1:58pm On Nov 14, 2019 |
I think we bought their progressive story, hook, line and sinker. I didn't realize just how dysfunctional the country is. 16 IMF bailouts. I sort of had clues from Nigerians and I think when Kazibure questioned why their towns look whacky - I got interested to look at the numbers. I must say the more I dig deeper - the less rosy the picture. You cannot have people literally escaping the country like Somalis or Ethiopias - and you hear - they are adventerours or have money for flights ![]() kikuyu1: 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 1:59pm On Nov 14, 2019 |
Bring the data. You surely should have such data if you have a serious stats body or country. I can get you kenya cement data series from 1963. Just30: 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 2:01pm On Nov 14, 2019 |
Kenya doesn't have poor ratings. Find us Kenya and Ghana credit rating from Moodys, Fitch, etc. And let us compare. vaxx2: 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 2:03pm On Nov 14, 2019 |
Problemkid1:i know nigeria very well |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 2:04pm On Nov 14, 2019 |
kikuyu1:what the fuc**k Ghanaians rejecting their currency Only in your head. the only things Ghanaians reject are the small coins that can easily be swallowed. 1 Like 1 Share |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 2:08pm On Nov 14, 2019 |
rvp20182:https://conference.kstu.edu.gh/index.php/proceedings/article/download/25/22/ page 101 |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Problemkid1: 2:08pm On Nov 14, 2019 |
Just30:Bro see lemme tell you something. Abuja is fvcking developed. Even the kenyans knows that. Let's just keep sentiment aside? No city in West Africa can come close to Abuja in development, not even Lagos! You can ask the Kenyans or Tanzanians they're your friends |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 2:11pm On Nov 14, 2019 |
Loading... so article quote another Ofiri-Atuahene, 2008. Not super helpful. It is reported that Ghana’s consumption of Portland cement has risen over the past decade from 2.5 million tons in 2005 to 4.5 million tons in 2009 (Ofiri-Atuahene, 2008). Just30: |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by samorobo: 2:13pm On Nov 14, 2019 |
Problemkid1: Man leave just30 with his opinion...I believe everyone is entitled to their own opinion... Meanwhile this discussion has been an eye opener and really educative...I don't want you troubling just30 he needs all his focus and attention for this crucial debate.. ![]() ![]() ![]() |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 2:15pm On Nov 14, 2019 |
1/3 of Ghana deposits are held in foreign currency bank accounts. Nearly all foreign investors convert their CEDIS to dollars ASAP to protect their value as CEDIS deteriorate every month. Just30: |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Jonraid(m): 2:15pm On Nov 14, 2019 |
Owners of banking shares were Wednesday Sh38.3 billion richer after a surge in the lenders’ stock on news that Parliament’s finance committee had asked MPs to repeal a cap on commercial lending rates. Eight of the 10 banks listed on the Nairobi Securities Exchange (NSE) gained on what stock dealers linked to increased demand for the lenders’ shares on the expectation of increased profitability and stock gains. This marks the biggest single-day gain by bank stocks in many months, analysts said, in a share price appreciation that started on October 18 when news leaked that President Uhuru Kenyatta had demanded that lawmakers remove the cap on commercial lending rates. The rate cap really squeezed us although the economy continued showing its resilience.Almost all sectors felt it! The Mp's got it wrong at first,it's better now that they have corrected it. https://www.businessdailyafrica.com/news/Bank-shares-gain-Sh38bn-in-a-day-on-rate/539546-5331184-r4k2ce/index.html vaxx2: 1 Like |
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