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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) (6571625 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 Nobody: 8:04am On May 06, 2020 |
rvp20182: No we wont make peace with or go hang yourself 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by jl115: 8:05am On May 06, 2020 |
rvp20182:It always been outdated when comparing countries to each other..... I've posted several sources that state this. And GDP ppp is calculated yearly and it is the standard measurement of economic output fyi!! It's not a falancy as some random software engineer calls it, but actually an improvement on GDP Nominal. P. S you have already showed you ignorance with regards to simple accounting("profits are booked forward" lol ) and now you are showing your ignorance with regards to economic matters!! 2 Likes 2 Shares |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 8:06am On May 06, 2020 |
rvp20182:stupid 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 8:08am On May 06, 2020 |
jl115: Please educate him lol He needs it 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 8:10am On May 06, 2020 |
That a pretty raw nerve I touched there. Austine1212: |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 8:10am On May 06, 2020 |
Do you know how GDP PPP is calculated? Explain to me. But let me help you. IMF/WB/some US universities collect market data like once 5-15yrs - and develop the PPP basket - and that becomes the basis for any calculation for the next few years. It cannot be done annually - because they have to collect global data! So it lags behind - but USD is very accurate - because it's the global currency. That is why nominal GDP is used as the GOLD standard. So methodology (PPP) is new - but the data is mostly outdated. And it really works for little countries in developed world - NOT SOUTH AFRICA. In fact for developed and mature economies - it has no difference - so USD pretty good indicator for RSA economy. So what is happening you're quoting GDP PPP based on out-dated ppp basket while you have the rand telling you - your economy is taking WATER and sinking. Sunk to 200B!! jl115: 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by sherlock229(m): 8:41am On May 06, 2020 |
rvp20182: Ikoyi looks far better than this jungle and you know it... |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by wizzzmike: 8:49am On May 06, 2020 |
gallivant: dead brains ur jokes are too old I don't get you come again. |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by sherlock229(m): 8:52am On May 06, 2020 |
samorobo: Those Kenyans like to photoshop too much. Fake sets of people. |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by jl115: 9:16am On May 06, 2020 |
rvp20182:LOL.........more ignorance, guess you never heard of extrapolating PPPs to non-benchmark years, or the fact that benchmark years are calculated every 3 years and not 5-15 years!! So yes GDP ppp is calculated yearly. Secondly: "The concept behind PPP is quite simple. You cannot always compare two countries in a meaningful way by comparing their GDPs at current exchange rates. Prices are different in different countries in ways that current exchange rates do not offset. This means that relative living standards are a function of more than just relative incomes." |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 9:26am On May 06, 2020 |
Extrapolated. Sounds like guesswork. GDP PPP is mostly calculated by World Bank's ICP - International Comparison Prog - and this was last done in 2011 I think. That is now nearly 10yrs. The other people who do GDP PPP are the University of California (used to be the University of Pensyslavia) - and university of Gronigen through what is called the PWT (Penns World Table) - now that is in version 9.0 https://www.worldbank.org/en/programs/icp https://www.rug.nl/ggdc/productivity/pwt/ Get it from me - the biggest problem with GDP PPP - is simple - apart from not taking care of the quality of goods and services - is that daunting task of collating global basket of goods and services..so GDP PPP is normally very outdated. jl115: 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 9:35am On May 06, 2020 |
we will post Takoradi Techiman Suyani Austine1213: |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by leo552: 9:43am On May 06, 2020 |
Shma: |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 9:45am On May 06, 2020 |
Another excuse for your debt economy Even if we take 5 billon, we will be able to pay back, i cant say the same for you rvp20182: |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by kikuyu1(m): 9:45am On May 06, 2020 |
rvp20182: That's why even in Tz all hotel beds are rubberised. Now you'll see why I say Kenyan women need to find a way to reduce their attitude even if only occasionally for just a nanosecond! Their unwarranted self esteem (narcissism is based solely on ignorance) Its nothing personal about Tutsis. Having seen and heard from Hutus,Congolese,Ugandans and Tutsis themselves in Kigali,Kampala and Nairobi I know who's responsible for the millions of deaths in the entire Great lakes since the 70s. In 2000 these mofos had actually invaded the CAR! Who does that?! 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 9:46am On May 06, 2020 |
rvp20182:if SA grows at zero % it will take kenya 40 years to catch up to their GDP |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 9:50am On May 06, 2020 |
He has no understanding of how GDP works Austine1212: |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 9:50am On May 06, 2020 |
You were debt forgiven about a 10yrs ago and you're back at it - eye-balled with debt now . Nigeria got forgiven 18B dollars worth of foreign debt - forget the exact number - and they again back at it. Such a waste of western money. You cannot pay the debt! With what? Informal black economy? Or the dead as dodo oil and such sector. Kenya has had ZERO debt forgiven in its entire history. We have never defaulted - we have only asked for debt rescheduling. Just under HIPC alone - Ghana got debt relief of[b] 3.5B dollars [/b]- and now they are back at it - the primitive informal economy cannot function in 21st century. Just30: 3 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 9:57am On May 06, 2020 |
Yes, very liberated women those Ugandans and Rwandese. I wish there was no lockdown - I would have gone there for a few days. I like Uganda. Rwandese are a bit up-tight because Kagame is running little North-Korea. As for Tutsi men - they got an air of superiority - after sitting on local tribes for long. kikuyu1: 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 9:58am On May 06, 2020 |
keep dreaming always Astro projecting Keep borrowing 6 billion to pay 6 billion every year that is the dumbest way to use borrowed money. At a time when your economy is facing huge BOP issues such that you have toborrow almost 2 billion from IMF and WB to sure up reserves rvp20182: 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 10:00am On May 06, 2020 |
So Ghana under HIPC - heavily indebted poor countries - did not receive debt relief of 3.5B dollars. That was in 2005. God knows how you managed to ratchet up that much debt when your gdp was probably 6B dollars. Don't ever compare Kenya with Ghana or Nigeria in matters of macro-economics. You're the poster child for the caricatured Africa monkey! https://www.reuters.com/article/us-africa-bonds-local-analysis/a-decade-after-debt-forgiveness-africa-still-hooked-on-dollars-idUSKCN18F0I9 Just30: 3 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 10:01am On May 06, 2020 |
. 3 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by kikuyu1(m): 10:04am On May 06, 2020 |
obaaderemi:
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 10:08am On May 06, 2020 |
So basically Kenya is at where Ghana was in the late 90s That is how much poverty your economy has built up rvp20182: 1 Like 1 Share |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 10:10am On May 06, 2020 |
Hobbit - sound argumentation 101. You make a case first. Before you draw a conclusion. Just30: 3 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 10:11am On May 06, 2020 |
Selected emerging economies ranked on four measures of financial strength Our ranking is at 14, surpassing some of the major economies in Europe, South America, and Asia. Meanwhile, Kenya ranked at 42. 3 Likes
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 10:15am On May 06, 2020 |
rvp20182:Zombie nerve has been ratchet up |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 10:16am On May 06, 2020 |
When the denominator is fake GDP - Nigeria looks good - but in reality - it was using 75% of its revenue to pay debt. The world worst. SkyOne11: 3 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 10:17am On May 06, 2020 |
https://www.worldbank.org/en/topic/debt/brief/hipc . Look for Ghana there. Kenya has never been a member of - Heavily Indebted Poor Country (HIPC) Initiative That is for Ghana and such hopeless countries. The only highway you have that is decent is a charity by George Walker Bush Just30: 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 10:19am On May 06, 2020 |
rvp20182:Kenya is the poster boy of the GLOBAL DEPT TRAP the only way kenya could build a Highway was to sell it sovereignty to China That speaks to your level of poverty |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 10:21am On May 06, 2020 |
We have always had prudent financial management. Our debt plays around 40-60%. Right now we are debt refinancing - we are paying 6B dollars - and borrowing 6B dollars. Once the GDP grows and we are back to 40% - we will start leveraging - borrowing more than we repay. We never allow ourselves to take too much debt and crash our economy - and cry to world to come rescue us. We got brains. Just30: 3 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 10:24am On May 06, 2020 |
rvp20182:Your debt is 64% right now and that is only the official figure that could be traced You have sunk yourself into so much debt such that the only way to pay at this moment is to borrow more money and build up more interest payment. That is a hopeless case No brain will run to UN to seek 265 million dollars of aid |
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