rvp2018:
That was before Nigeria's education went south!

So why haven't east Africa catch up in terms of literature prizes? Have you won Booker Prize, Commonwealth prize not to mention Nobel prize in writing.

Aderr:
So why haven't east Africa catch up in terms of literature prizes? Have you won Booker Prize, Commonwealth prize not to mention Nobel prize in writing.

Our literature doenst need Oyibo approval.

TayserMahri:

Lagos is just an overpopulated cesspit

Still has bigger economy than whole Kenya.

TayserMahri:

Our literature doenst need Oyibo approval.

World is now global village. Even Africa approval you don't have.

Aderr:
Still has bigger economy than whole Kenya.

So does Nairobi have a bigger GDP than Zambia

Aderr:
World is now global village.
Even Africa approval you don't have.

Approval for what?

Take these Little Indians seriously at your own risk. An international begging nation.

Covid O'clock, Kenya Railways

Where is Obaboon with his rudimentary economics to help Nigeria when it need him the most. 50% budget deficit.
https://nairametrics.com/2020/05/23/time-for-nigeria-to-forget-crude-oil/
“Following the COVID-19 outbreak and low oil prices, the revised 2020 budget reflects an increased deficit (now approx. 50% of total budget) which will most likely be funded with a combination of foreign and domestic debt.

“The revised budget also shows that the “Resource Curse” stigma credited to our nation is getting bolder and the diversification of our economy requires critical attention now. With our country’s endowment with enviable natural resources and several attempts by the Federal Governments (FG) to diversify the economy, it still is to be seen how effective the attempts have been.

“The over-dependence on the oil sector as the major source of revenue has led to inadequate attention being given to the non-oil sectors. This is partly the cause of the challenges we have to contend with in funding the 2020 budget.”

Dlonra:


Every Single major City in East Africa Beats Nigeria & West Africa.
From Nairobi, Dar, Addis to Kigali there is no City in West Africa that can rival them. Your rock village town Abuja is nothing close to Kigali let alone Mwanza.

Im not fromfrom west africa

Dlonra:


Every Single major City in East Africa Beats Nigeria & West Africa.
From Nairobi, Dar, Addis to Kigali there is no City in West Africa that can rival them. Your rock village town Abuja is nothing close to Kigali let alone Mwanza.

I was just stating my fact about kigali

Take these Little Indians seriously at your own risk. No Kenyan can talk about budget to us here:

rvp2018:
Cooked GDP that is dependant on Oil is only recourse you have. It's why you fail the picture test. It why when other parameters are considered - you're just not there.

GDP I keep saying are just estimates.

Remove oil and minerals resources in West Africa - and you got nothing.

Take out the billions of USD East African countries have received over the year from foreign donors for one reason or another and what will be left is better left to be imagined ..

rvp2018:
All Nigerian cities are slumpolis. We have seen Lagos, Kano, Ibadan, name them. Huge integrated slums. Maybe the only exception is Abuja - and that too is becoming a slum.

If Nigerians had great cities - this thread would have ended in page 1. But here you're 4 yrs later - still struggling to find a good picture

And now just posting renders.

Nairobi is the real slumpolis my friend... It is a well known fact..
Mombasa is another overrated mega slum as exposed by Sambrodo ...

You have been posting pictures of the same places in Nairobi for over a million times lol..

The only thing keeping this thread going is your lies and delusions of grandeur...

TayserMahri:


Our literature doenst need Oyibo approval.

Africa itself doesn't approval of your literature...


So you are irrelevant in that field....

Samrobo - your wet dreams are just wet-dreams
According to https://www.skyscrapercenter.com/

Sub-Sahara Africa.

In terms of tall building (include those that are in dreams/visions) South Africa lead with 93.

Kenya follows with 45.

Nigeria -poor Nigeria - 10. Those completed are 3 and 3 more in construction and 4 more in wet dreams.
Tanzania 9 -a relic of the communists.
And Ghana - poor little Nigeria - 2.

I invite you to check who has gotten the biggest share of foreign donor aid. Nigeria received 16B dollars of debt forgiveness in 2005. Kenya i doubt has ever received that much foreign aid cumulative all its years of existence.

Actually Nigeria received in just a single go - whopping 18B dollars in debt forgiveness. Kenya has received ZERO NADA foreign debt cancellation

If Kenya was to be given a 18B boast - we would overtake South Africa and become Africa biggest economy.

Danielnino00:


Take out the billions of USD East African countries have received over the year from foreign donors for one reason or another and what will be left is better left to be imagined ..

rvp2018:
I invite you to check who has gotten the biggest share of foreign donor aid. Nigeria received 16B dollars of debt forgiveness in 2005. Kenya i doubt has ever received that much foreign aid cumulative all its years of existence.

Actually Nigeria received in just a single go - whopping 18B dollars in debt forgiveness. Kenya has received ZERO NADA foreign debt cancellation

If Kenya was to be given a 18B boast - we would overtake South Africa and become Africa biggest economy.

we owed Paris club $30b in 2006, $10b actual debt while $20b is compounded interest.... We negotiated with them, we obtained IDA only status from WB and proved credibility to them.

We were asked to pay $12b and $18b will be canceled if we pay at a stipulated time.... Trust us, we payed some few months before d due time....... And d rest as they say, is history.

Now, are u sure u haven't received any debt cancelation?

That details. The point is your received 18B dollars free money. If you had been forced to repay it all..you probably would have sunk.

Now talking of Kenya - We have gone to Paris club - for debt rescheduling - never debt forgiveness. We have NEVER DEFAULTED. We KNOW MORE ABOUT PRUDENT PUBLIC MANAGEMENT than many many African countries.

https://www.treasury.go.ke/aboutus/directorates/35-departments/debt-management/137-debt-relief-initiatives.html
Kenya has gone to Paris Club three times for rescheduling in 1994, 2000, and 2004

1) 1994 - Kenya rescheduled US$ 4 Million - this was Loan to Kenya Airways that our gov had guaranteed - and KQ was in danger of collapsing. After Gok repaid the loan - we privatized KQ and it's been flying high until recently. One of most successful privatisation of an Airline worldwide.

2) 2000 - we had a huge budget deficit as our economy was basically under recession -we agreed with the Paris Club of creditors to reschedule 300m dollars.

3)Lastly 20004- This last was the Paris club agreement- we had about 450M dollars rescheduled.
US$ 350 Million was rescheduled for a consolidation period of 3 years
US$ 65 Million for this Financial year
Japan rescheduled US$ 197.4 (56%), Million.

Kenya promptly paid as per agreement and we got back to schedule with our debts. If I recall Italy was only one who swapped debt -for aid - basically they converted their debt into development program - so we repay but keep the money for Italian approved projects...very small money.

For commercial loans - we went to London club - got debt cancellation of interest of 21m dollars in 90s and rescheduling of 49m dollars - the 90s and early 2000s were without doubt Kenya darkest economic moments...

So when I see Nigerians and the worse GHANA - lecturing Kenya about debt, china, and such nonsense - I just shake my head in disbelief.

theenchanter:
we owed Paris club $30b in 2006, $10b actual debt while $20b is compounded interest.... We negotiated with them, we obtained IDA only status from WB and proved credibility to them.

We were asked to pay $12b and $18b will be canceled if we pay at a stipulated time.... Trust us, we payed some few months before d due time....... And d rest as they say, is history.

Now, are u sure u haven't received any debt cancelation?

rvp2018:
Samrobo - your wet dreams are just wet-dreams
According to https://www.skyscrapercenter.com/

Sub-Sahara Africa.

In terms of tall building (include those that are in dreams/visions) South Africa lead with 93.

Kenya follows with 45.

Nigeria -poor Nigeria - 10. Those completed are 3 and 3 more in construction and 4 more in wet dreams.
Tanzania 9 -a relic of the communists.
And Ghana - poor little Nigeria - 2.

Does the bolded make sense to you?
A 65m building is listed for Nigeria while cocoa House with 105m is not listed. Where's Independence building with 103m?
You are a desperate fool. You run with whatever your hands touch without checking properly.
Have you not been disgraced enough on this thread?

rvp2018:
That details. The point is your received 18B dollars free money. If you had been forced to repay it all..you probably would have sunk.

Now talking of Kenya - We have gone to Paris club - for debt rescheduling - never debt forgiveness. We have NEVER DEFAULTED. We KNOW MORE ABOUT PRUDENT PUBLIC MANAGEMENT than many many African countries.

https://www.treasury.go.ke/aboutus/directorates/35-departments/debt-management/137-debt-relief-initiatives.html
Kenya has gone to Paris Club three times for rescheduling in 1994, 2000, and 2004

1) 1994 - Kenya rescheduled US$ 4 Million - this was Loan to Kenya Airways that our gov had guaranteed - and KQ was in danger of collapsing. After Gok repaid the loan - we privatized KQ and it's been flying high until recently. One of most successful privatisation of an Airline worldwide.

2) 2000 - we had a huge budget deficit as our economy was basically under recession -we agreed with the Paris Club of creditors to reschedule 300m dollars.

3)Lastly 20004- This last was the Paris club agreement- we had about 450M dollars rescheduled.
US$ 350 Million was rescheduled for a consolidation period of 3 years
US$ 65 Million for this Financial year
Japan rescheduled US$ 197.4 (56%), Million.

Kenya promptly paid as per agreement and we got back to schedule with our debts. If I recall Italy was only one who swapped debt -for aid - basically they converted their debt into development program - so we repay but keep the money for Italian approved projects...very small money.

For commercial loans - we went to London club - got debt cancellation of interest of 21m dollars in 90s and rescheduling of 49m dollars - the 90s and early 2000s were without doubt Kenya darkest economic moments...

So when I see Nigerians and the worse GHANA - lecturing Kenya about debt, china, and such nonsense - I just shake my head in disbelief.

You can't achieve what Nigeria did, my boy.
If they asked you to come up with a third of what you owe in one fell swoop Kenya would be wiped off.
$12bn at once is not a joke! Only the likes of Nigeria, South Africa, Egypt and Morocco can do that. Kenya is not in that league.
Our deal was a sweet deal for both sides--- the Paris Club and Nigeria.

theenchanter:
we owed Paris club $30b in 2006, $10b actual debt while $20b is compounded interest.... We negotiated with them, we obtained IDA only status from WB and proved credibility to them.

We were asked to pay $12b and $18b will be canceled if we pay at a stipulated time.... Trust us, we payed some few months before d due time....... And d rest as they say, is history.

Now, are u sure u haven't received any debt cancelation?

They have received a few small debt forgiveness here and there. That's what they are worth, my brother.
If you ask them to pay let's say: 10bn$ to cancel their remaining debt, do you think they can do that? A $60bn economy is small fry for such negotiations.

That guy doesn't understand how international finance works. I have said that countless times here.

It's not my website. Maybe they are not in the business of listing slumscrappers. Cocoa house is basically an example of slum-scrapper that has totally decayed.
https://www.pulse.ng/news/local/cocoa-house-nigerias-1st-skyscraper-is-decaying-even-though-it-rakes-in-millions-of/ty8mjlv

Itt's about time you nuked it before it kills people. South Africa has brought down way better buildings than this.

obaaderemi:
Does the bolded make sense to you?
A 65m building is listed for Nigeria while cocoa House with 105m is not listed. Where's Independence building with 103m?
You are a desperate fool. You run with whatever your hands touch without checking properly.
Have you not been disgraced enough on this thread?

rvp20182:
It's not my website.

We know it's not your website. Your IQ can't come up with such but at least you should have enough brain in your head to verify things before posting so that you don't keep exposing your foolishness.

rvp20182:

Maybe they are not in the business of listing slumscrappers. Cocoa house is basically an example of slum-scrapper that has totally decayed.
https://www.pulse.ng/news/local/cocoa-house-nigerias-1st-skyscraper-is-decaying-even-though-it-rakes-in-millions-of/ty8mjlv
[img]https://ocdn.eu/pulscms-transforms/1/1OSk9kpTURBXy9mOTg5MGVkMWU5OTFjNWMxYzEyNjgyMjY3M2VjODBhZS5qcGeSlQLNAxQAwsOVAgDNAvjCw4GhMAE[/img]

Your link says the building is still raking in millions. Do you see how silly you are. Don't let your envy and hatred kill you. You need to take a holiday off nairaland before this thread kills you. My two cents.

Don't wonder why Nigeria is so poor despite selling oil for 60yrs. You borrowed some billions in 1980s - and didn't pay. The interest compounded so much it got to 36B. There was no way on earth you could repay that.

Now as we speak - after starting from a clean slate - you're long overdue for another debt forgiveness. I read some Mzungu claims that 18B bailout was basically flushing money down - because 10yrs later - poverty has not only multiplied - the debt has also multiplied. Total waste of donor money.

Before COVID-19 - you were spending 75% of your revenues to repay debt. That is world worst.

COVID-19 and oil price drop have halved your revenues. We can, therefore, assume you debt servicing ratio is 150% - in other words NIGERIA iS BANKRUPT - UNDERWATER - and urgently need another Paris club negotiation.

And btw we are talking about federal debts...we haven't gone into the 36 states that are eye-balled with debts.

In short even if you spend all the Naira in your gov coffers - you cannot meet your debt obligation . If Oil doesn't recover - before the end of this year - you'll be the next VENEZUELA. Inflation will mirrors Zimbwabwe...something like 2,00,000% and to buy a loaf of bread - you'll need a wheelbarrow of Naira.

Pray, fast, and sacrifice for oil prices to recover to something about 40 dollars.

obaaderemi:
You can't achieve what Nigeria did, my boy.
If they asked you to come up with a third of what you owe in one fell swoop Kenya would be wiped off.
$12bn at once is not a joke! Only the likes of Nigeria, South Africa, Egypt and Morocco can do that. Kenya is not in that league.
Our deal was a sweet deal for both sides--- the Paris Club and Nigeria.

Millions of Naira That is like 500 to a USD. The ommissions I suppose are fair. They probably excluded Kenya buildings just like they did for nigeria. It's a pretty good indicator. The whole of Nigeria has only 10 list-worthy buildings according to Skyscrapper center.

obaaderemi:
We know it's not your website. Your IQ can't come up with such but at least you should have enough brain in your head to verify things before posting so that you don't keep exposing your foolishness.
Your link says the building is still raking in millions. Do you see how silly you are. Don't let your envy and hatred kill you. You need to take a holiday off nairaland before this thread kills you. My two cents.

Infact Google search on Nigeria is the next Venezuela brings many good articles from reputable newspapers.


Is Nigeria about to become the next Venezuela? The signs are ...www.telegraph.co.uk › Business
Mar 5, 2019 - Both in absolute and per capita terms, Nigeria's GDP has been in sharp decline for the best part of four years, and in the past year it has again fallen behind South Africa as the continent's largest economy. ... It is with good reason that some pundits call Nigeria the next Venezuela in the making.

Nigeria Is Becoming The Next Venezuela | Nairametricsnairametrics.com › 2016/04/04 › nigeria-is-becoming-t...
Apr 4, 2016 - President Buhari's Socialist welfare leanings could be shaping Nigeria up to become the next Venezuela. In his second stint as president, ...

Is Nigeria becoming the next Venezuela? - CNBC Africawww.cnbcafrica.com › videos › 2016/09/14 › is-nigeria-b...
Sep 14, 2016 - ... devalue the currency and a forex shortage are a few similarities between Nigeria and Venezuela that have fuelled concerns that Nigeria may ...

Charles Robertson: Is Nigeria the next Venezuela? | The ...guardian.ng › business-services › charles-robertson-is-n...
Sep 16, 2016 - Multiple exchange rates, a reluctance to officially devalue the currency and a forex shortage are a few similarities between Nigeria and ...

Could Nigeria be the Next Venezuela? - Brand Spur

rvp20182:
Millions of Naira That is like 500 to a USD. The ommissions I suppose are fair. They probably excluded Kenya buildings just like they did for nigeria. It's a pretty good indicator. The whole of Nigeria has only 10 list-worthy buildings according to Skyscrapper center.

All of your buildings are listed there.
Many of Nigeria's buildings are not listed. The CBN tower also is not listed.
We can easily consign your list to the dustbin where it belongs.

Austine1212:


Don't be lazy to check agriculture is big in Nigeria

Tomato being one of its big produce, cocoa, palm,

Just don't be the ignorant person whenwhen you know the truth

No.Just.No. Before you came we totally demolished their entire catalogue of agri stats the last we looked at being their rice. On paper they produce a healthy amount of rice-the stats however show neighbouring Benin consuming at least 160 kg per capita of rice.
Do the math!

kikuyu1:


No.Just.No. Before you came we totally demolished their entire catalogue of agri stats the last we looked at being their rice. On paper they produce a healthy amount of rice-the stats however show neighbouring Benin consuming at least 160 kg per capita of rice.
Do the math!

Your idiot brother rvp already confirmed that Benin's rice imports have dried up. Nigeria is Africa's number one rice producer. You are a useless old man.

Even if you use Emporis - we still beat you blue, yellow and name it.

obaaderemi:
All of your buildings are listed there.
Many of Nigeria's buildings are not listed. The CBN tower also is not listed.
We can easily consign your list to the dustbin where it belongs.