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Nigeria the largest economy? Really?

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murchr		#11 Posted : Friday, April 04, 2014 6:22:51 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		I was looking fwd to an interesting debate, good points masukush! "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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murchr		#12 Posted : Friday, April 04, 2014 6:30:11 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		I was looking fwd to an interesting debate, good points masukush! "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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murchr		#13 Posted : Sunday, April 06, 2014 8:01:35 AM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		Ni leo Government statisticians will unveil the new figures on Sunday, with widespread expectations that their recalculations will catapult the continent's most populous nation into the top spot. The figures, which will include new and fast-developing sectors such as telecoms and the local film industry, Nollywood, should give foreign investors a better picture of the country's economy. Some predictions say the revision could see the size of Nigeria's economy increase by as much as 60 percent, taking it from $264 billion past South Africa's $384 billion. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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kysse		#14 Posted : Sunday, April 06, 2014 9:01:43 AM
Rank: Elder Joined: 1/17/2013 Posts: 4,693 Location: Earth		Nigeria owes it's gdp growth to the size of its consumer market.So if we populate well we may as well come tops because there's nothing much save for corruption, epileptic power supply, unemployment, bad roads, embezzlement of public funds, ethnic and religious killings, strikes, terrorist attacks, ritual killings and other social vices in that place. Nigeria imo is just big in papers but the reality on the ground is diff. We have even struck oil,the only one commodity which seems to push Nigeria ahead because of the high price of crude oil. Compare our exports with Nigeria's. We even have a dreamliner while they have Arik!ok i am jealous. We have better infrastructure,better power supply,better healthcare,better buildings,better goverment (i know i know). Investors rush to nigeria because of the large consumer market but other factors dissuade them from fully investing -some are pulling out for security reasons,infrastructure and corruption. How can a big economy like nigeria fair worse than those with a small one like us.It's therefore not proper to gauge a country's develpt by its GDP size alone.
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InnovateGuy		#15 Posted : Sunday, April 06, 2014 10:16:54 AM
Rank: Veteran Joined: 11/15/2012 Posts: 1,110		Quality of life should be the key. The rest is unnecessary details. Live Full Die Empty - Les Brown.
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murchr		#16 Posted : Sunday, April 06, 2014 9:06:32 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		Nigeria has "rebased" its gross domestic product (GDP) data, which has pushed it above South Africa as the continent's biggest economy. Nigerian GDP now includes previously uncounted industries like telecoms, information technology, music, online sales, airlines, and film production. GDP for 2013 totalled 80.3 trillion naira (£307.6bn: $509.9bn), the Nigerian statistics office said. That compares with South Africa's GDP of $370.3bn at the end of 2013 "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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Swenani		#17 Posted : Sunday, April 06, 2014 10:54:38 PM
Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum		InnovateGuy wrote: Quality of life should be the key. The rest is unnecessary details. That's what am trying to say If Obiero did it, Who Am I?
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masukuma		#18 Posted : Monday, April 07, 2014 6:06:44 AM
Rank: Elder Joined: 10/4/2006 Posts: 13,823 Location: Nairobi		Swenani wrote: InnovateGuy wrote: Quality of life should be the key. The rest is unnecessary details. That's what am trying to say no they are not! All Mushrooms are edible! Some Mushroom are only edible ONCE!
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jaggernaut		#19 Posted : Monday, April 07, 2014 7:30:40 AM
Rank: Elder Joined: 10/9/2008 Posts: 5,389		InnovateGuy wrote: Quality of life should be the key. The rest is unnecessary details. Whose quality of life? The minority white south Africans living in leafy suburbs of Capetown, joburg, durban etc, or majority poor blacks in soweto, zululand etc and other disadvantaged black areas. An ordinary Nigerian may be having a better quality of life than an ordinary black south African.
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McReggae		#20 Posted : Monday, April 07, 2014 7:32:10 AM
Rank: Elder Joined: 6/17/2008 Posts: 23,365 Location: Nairobi		masukuma wrote: Swenani wrote: InnovateGuy wrote: Quality of life should be the key. The rest is unnecessary details. That's what am trying to say no they are not! How can the GDP of a country be called unneccessary details???? ..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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