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Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) - Foreign Affairs (9660) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) (6493613 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 Wuoche: 11:31am On Mar 02, 2021
Just30:
Im looking at 2021

What you posted was a report released on March 2020.

1 Like

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Shaytun: 11:33am On Mar 02, 2021
68816419:

grin not even Abuja?

Them wan die grin grin, we no dey the same league na

1 Like

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Wuoche: 11:33am On Mar 02, 2021
Let's see the performance of retail sector. Observe the drop in Accra, Lagos, Cape Town, Johannesburg and Dar. Nairobi didn't drop and remained one of the better performing retail markets in Africa.

1 Like

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Jonraid(m): 11:40am On Mar 02, 2021
Kenya was the king of Africa fintech in 2020!

4 Likes 1 Share

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 11:44am On Mar 02, 2021
im looking at 2021 and you are looking at 2020
Jonraid:
These is where they focus... No Accra.

1 Like

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by 68816419: 11:44am On Mar 02, 2021
rvp20182:
99%-Nigeria records debt service to revenue ratio of 99% in first quarter of 2020. A cursory review of the data obtained from the MTEF/FSP report shows that in Q1 2020, Nigeria incurred a total sum of N943. 12 billion in debt service while the federal government retained revenue was put at N950. 56 billion

The zoo is beyond broke

The Federal Government of Nigeria achieved a debt service to revenue ratio of 83% in 2020.
That amount is less than 5% of our external reserve we could decide to pay our debt through that, but can Kenya do the same?, Do u even know that most of Nigeria's debts are internally gotten?
Imagine Kenya having more external debt than both Nigeria and SouthAfrica, with tiny external reserve, small economy and very little FDI?
Kenya is indeed a failed State

2 Likes

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 11:49am On Mar 02, 2021
Jonraid:
Which tells you of good ROI when one invests in Nairobi. In other markets the slumps in prices might have been steep.
Nope not necessarily...
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 11:49am On Mar 02, 2021
Wuoche:


Meaning Nairobi's Market was better than any market in Sub Saharan Africa when it comes to luxury homes. Or is there anything you can add on top of my view? grin grin.
Again.....it doesn't mean that at all!!
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 11:51am On Mar 02, 2021
Wuoche:


Noise as usually. I don't argue with noise makers, good bye.
just facts

you can check their previous report for it

1 Like

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by 68816419: 11:52am On Mar 02, 2021
Shaytun:


Them wan die grin grin, we no dey the same league na
They make too much noise, we beat them in all accepts, we generates far more incomes from Tourism,Agri, Technology, Sports, Manufacturing, Entertainment, Housing , Transportation and many more than them

1 Like

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 11:52am On Mar 02, 2021
i posted a 2021 report
Wuoche:


What you posted was a report released on March 2020.

1 Like

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Jonraid(m): 11:52am On Mar 02, 2021
IBM AFRICA HEADQUATRES,NAIROBI,KENYA.

3 Likes

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Wuoche: 11:53am On Mar 02, 2021
Just30:
just facts

you can check their previous report for it

Why should I check previous report when there is an updated report? Do you really listen to yourself?

2 Likes

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Jonraid(m): 11:53am On Mar 02, 2021
MICROSOFT EAST AND SOUTHERN AFRICA HEADQUTRES,NAIROBI.

3 Likes

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 11:54am On Mar 02, 2021
Wuoche:
Let's see the performance of retail sector. Observe the drop in Accra, Lagos, Cape Town, Johannesburg and Dar. Nairobi didn't drop and remained one of the better performing retail markets in Africa.


And yet Accra retail market is still far valuable than Kenya, according to the same Knight Frank.

2 Likes

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Wuoche: 11:54am On Mar 02, 2021
Just30:
i posted a 2021 report

You posted 2020 report.
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 11:55am On Mar 02, 2021
Wuoche:


Why should I check previous report when there is an updated report? Do you really listen to yourself?
Cause it listed what you have to have to be in the 1%

2 Likes

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 11:56am On Mar 02, 2021
Wuoche:


You posted 2020 report.
keep making noise

2 Likes

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Wuoche: 12:02pm On Mar 02, 2021
Just30:
And yet Accra retail market is still far valuable than Kenya, according to the same Knight Frank.

Maybe in another planet. Accra is not even among top 10 in Africa.

2 Likes

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Wuoche: 12:03pm On Mar 02, 2021
Just30:
Cause it listed what you have to have to be in the 1%

Post it we want to see it.
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 12:05pm On Mar 02, 2021
Wuoche:


Maybe in another planet. Accra is not even among top 10 in Africa.
Keep dreaming

2 Likes

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 12:07pm On Mar 02, 2021
Wuoche:


Post it we want to see it.
I dont have it anymore

but i can surely post it when i download it again.

2 Likes

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 12:15pm On Mar 02, 2021
Very nice; KONZA technopolis need to be expedited.
Jonraid:
Kenya was the king of Africa fintech in 2020!

1 Like

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 12:20pm On Mar 02, 2021
18MW data center campus coming up - eventually will consume 45MW.
https://www.datacenterdynamics.com/en/news/ixafrica-breaks-ground-data-center-campus-nairobi-kenya/

Meanwhile 40% of Konza land is taken up
https://www.the-star.co.ke/news/big-read/2021-02-02-smart-city-development-at-konza-takes-shape-as-40-sold-off/

Jonraid:
MICROSOFT EAST AND SOUTHERN AFRICA HEADQUTRES,NAIROBI.

5 Likes

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Jonraid(m): 12:21pm On Mar 02, 2021
Almost a half of our debt is domestic.
68816419:

That amount is less than 5% of our external reserve we could decide to pay our debt through that, but can Kenya do the same?, Do u even know that most of Nigeria's debts are internally gotten?
Imagine Kenya having more external debt than both Nigeria and SouthAfrica, with tiny external reserve, small economy and very little FDI?
Kenya is indeed a failed State

2 Likes

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 12:24pm On Mar 02, 2021
Foreign reserves are NOT savings. This is "float" that is used for settling international trade and balance. If you sold them all off and paid debt with it - what will you use to import things to Nigeria smiley - nobody wants the Naira outside Nigeria.

DO NOT CONFUSE FOREX with SOVERIGN(sp) wealth FUNDS. Nigeria soverign funds last I checked was about 10M dollars smiley smiley - that is all you managed to save from OIL. At least Ghana is trying...with 150M dollars

Nigeria revenues are about less than Kenya. You have more external debt than Kenya.

68816419:

That amount is less than 5% of our external reserve we could decide to pay our debt through that, but can Kenya do the same?, Do u even know that most of Nigeria's debts are internally gotten?
Imagine Kenya having more external debt than both Nigeria and SouthAfrica, with tiny external reserve, small economy and very little FDI?
Kenya is indeed a failed State

1 Like 1 Share

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by 68816419: 12:26pm On Mar 02, 2021
rvp20182:
Very nice; KONZA technopolis need to be expedited.
KanZar was dead on arrival, it will never be manifested, Abuja Development was started in the 1980s and it currently among the best country in Africa with Massive infrastructures, schools,
Light rails Airports, Universities, Industries and many more , Eko Atlantic land reclamation and all other infrastructures are completed with 7 buildings been completed as well.

2 Likes

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 12:30pm On Mar 02, 2021
Konza, Tatu, Two River Social City, Northland City,Vipingo City, Lamu city and even Isiolo resort cities are all actively being developed.

Konza is technocity like Cairo's techno city

so far phase 1 is on course
800 -Million Dollars Comitted
68-Parcels Available
53-Parcels Taken
22-Parcels under Discussion

68816419:

KanZar was dead on arrival, it will never be manifested, Abuja Development was started in the 1980s and it currently among the best country in Africa with Massive infrastructures, schools,
Light rails Airports, Universities, Industries and many more , Eko Atlantic land reclamation and all other infrastructures are completed with 7 buildings been completed as well.

4 Likes

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by 68816419: 12:33pm On Mar 02, 2021
rvp20182:
Foreign reserves are NOT savings. This is "float" that is used for settling international trade and balance. If you sold them all off and paid debt with it - what will you use to import things to Nigeria smiley - nobody wants the Naira outside Nigeria.

DO NOT CONFUSE FOREX with SOVERIGN(sp) wealth FUNDS. Nigeria soverign funds last I checked was about 10M dollars smiley smiley - that is all you managed to save from OIL. At least Ghana is trying...with 150M dollars

Nigeria revenues are about less than Kenya. You have more external debt than Kenya.

Nigeria is sovereign is not 10m , the funds was $1b and an additional $0.5billion has been contributed to date by the current administration.
RVP: but how comes a tiny country like Kenya is having more external debt than both Nigeria and SouthAfrica, with tiny external reserve, small economy and very little FDI?

2 Likes

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 12:42pm On Mar 02, 2021
rvp20182:
Foreign reserves are NOT savings. This is "float" that is used for settling international trade and balance. If you sold them all off and paid debt with it - what will you use to import things to Nigeria smiley - nobody wants the Naira outside Nigeria.

DO NOT CONFUSE FOREX with SOVERIGN(sp) wealth FUNDS. Nigeria soverign funds last I checked was about 10M dollars smiley smiley - that is all you managed to save from OIL. At least Ghana is trying...with 150M dollars

Nigeria revenues are about less than Kenya. You have more external debt than Kenya.

Ghana sovereign wealth fund is way above 150 million dollars

2 Likes

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 12:45pm On Mar 02, 2021
Because we are credit worthy; and we do not want to crowd out private lending like nigeria ; there has to be balance; otherwise you'll get nigeria mess; where banks are loaning to gov; not to Nigerians.

This is why gov goes for euro bond; so banks can lend to anybody; in kenya banks HAWK loan on the streets.

Your soverign wealth is very little..stop lying.

68816419:

Nigeria is sovereign is not 10m , the funds was $1b and an additional $0.5billion has been contributed to date by the current administration.
RVP: but how comes a tiny country like Kenya is having more external debt than both Nigeria and SouthAfrica, with tiny external reserve, small economy and very little FDI?

2 Likes 1 Share

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Jonraid(m): 12:46pm On Mar 02, 2021
Our reserves are more than adequate. They can cover at least 4-5 months of our import which is the recommended timeframe. Revenues generated have a larger say when it comes to payment of debt.
68816419:

Nigeria is sovereign is not 10m , the funds was $1b and an additional $0.5billion has been contributed to date by the current administration.
RVP: but how comes a tiny country like Kenya is having more external debt than both Nigeria and SouthAfrica, with tiny external reserve, small economy and very little FDI?

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