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How big is Nigerian economy?
Rank: User Joined: 9/6/2013 Posts: 1,446 Location: In a house
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FRM2011 wrote:urstill1 wrote:masukuma wrote:urstill1 wrote:masukuma wrote:urstill1 wrote:I found it interesting that our economy is less than 10% the oga's economy. Do you mean oil and their population can have such a huge effect? From the figures I have seen, I doubt if any African nation will ever catch up with them? Hua kuna njaa uko kweli?
PS: My comparison is strictly African we are affected by almost the same thing. So no much yada yada about how GDP is arrived at huko kwani @Kiash let me put things in perspective! Forget Naija - Lagos has a much larger economy than Kenya! Tokyo, New York e.t.c. have larger economies than Africa (Naija, SA, Egypt.....57 countries and territories and it's 1 billion people combined) So... place yourself in the grand scheme of things with your loud mouths. on the flipside Nairobi has a larger economy than Rwanda. Hey!! I said no mentioning of majuu. In that part of the world, the governments and policy shapers can easily trace over 90% transactions since most of them are in monetary form. Huku hatuwezi that's why I don't want that comparison. Wacha kujifanya mwerevu sana. Rudi chini kidogo. Stick to the rules. sikujifanya mwerevu... nikuwa mwerevu... it's in the same way a tiger does not proclaim his tigritude - he just pounces. but to please you I also dropped a nugget about rwanda, lagos, nairobi! tafakari haya... Liberia has 30,000 people connected to electric power on the main grid.... only 30,000 people. Waafrika tuko nyuma sana.  oops... sorry my tigritude is showing again... All that you have mentioned are nothing new ... to me. I simply need an explanation between Kenya and Nigerian working values (There's no difference in leadership). I so hear you are currently in West Africa, you may be in a better position to explain. Wachana na google coz no African in the village understands that. @urstill, you have started a very interesting debate, @maspinach seems to be the only guy contributing with figures to back him up. In the wazua spirit, kindly allow him to continue. The thread may veer off-target kidogo, but we will all be wiser at the end. @masukuma, ati how many households have electricity in Liberia again ? I just wanted to compares 2 oranges but not an orange and an apple. We are yet to measure every effort in our lifestyle and account for every purchase/sale we make. That's why I don't want majuu figures. After rebasing don't expect anything above 25% increase in GDP. That would/may still be below 10% of Nigerian GDP
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Rank: User Joined: 9/6/2013 Posts: 1,446 Location: In a house
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Fyatu wrote:washiku wrote:So, back to the question. How big is the Nigerian economy? The Nigerian economy is approximately 500b US dollars. Nigeria is the 6th biggest producer of irori in the World. It is the most populous country in Africa and 6th populous in the world. Despite its population, Nigeria is more than 50% forested. By 1900, Nigeria was already exporting things like Kimbo, Cowboy, Omo, and Guiness Kubwa. At this time most Kenyans, were walking around naked and most were hunter gatherers. Nigeria has an excess of 300 public universities. Attaining a D+ guarantees you a position in University....University education in Nigeria is universal. In Kenya we are still struggling to make primary education universal.. All oga's want to be entrepreneurs unlike in Kenya where almost everyone wants to be either an MCA, or a KYM at Safcom or NMG etc Nigeria is a full federal state. The ugatuzi we have in Kenya is jokes. even the igwes and their kingdoms have some level of autonomy and can bring in investors to their villages. Oga's as a people are full of spirit. Oga's think large and think big money. Oga's are in all corners of the world making mullah and repatriating the mullah back home. The reason why KQ is going big on Asia route is because Oga's discovered guangzhou long time ago...in short the Nigerian economy is big....very big Now we are talking. Would you please back it up? It's not that I'm not believing you, I just want something for further reading. I believe you 80%, 20% will be filled when I get reference materials.
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Rank: Elder Joined: 10/4/2006 Posts: 13,823 Location: Nairobi
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Fyatu wrote:washiku wrote:So, back to the question. How big is the Nigerian economy? The Nigerian economy is approximately 500b US dollars. Nigeria is the 6th biggest producer of irori in the World. It is the most populous country in Africa and 6th populous in the world. Despite its population, Nigeria is more than 50% forested. By 1900, Nigeria was already exporting things like Kimbo, Cowboy, Omo, and Guiness Kubwa. At this time most Kenyans, were walking around naked and most were hunter gatherers. Nigeria has an excess of 300 public universities. Attaining a D+ guarantees you a position in University....University education in Nigeria is universal. In Kenya we are still struggling to make primary education universal.. All oga's want to be entrepreneurs unlike in Kenya where almost everyone wants to be either an MCA, or a KYM at Safcom or NMG etc Nigeria is a full federal state. The ugatuzi we have in Kenya is jokes. even the igwes and their kingdoms have some level of autonomy and can bring in investors to their villages. Oga's as a people are full of spirit. Oga's think large and think big money. Oga's are in all corners of the world making mullah and repatriating the mullah back home. The reason why KQ is going big on Asia route is because Oga's discovered guangzhou long time ago...in short the Nigerian economy is big....very big Have you ever been on a KQ flight and wondered - who buys these 'duty free things'? When KQ flies to Oga land... hakuna duty free ya kurudisha! I love the Oga spirit... they make money left right center! When you go to an obscure part of the world... you will find them there 'hustling' that green passport imezunguka (why do they attach so many of them together? unakuta kama 4-5 pamoja). Ogas go abroad they don't want to be second to anyone... their culture is that lazima u head somewhere... hata kama ni cleaner - lazima akuwe head cleaner! ask yourself which ethnic group is the most educated in US? Naija oh! spirit! When you go to their country you just admire the passion. kutoka the taxi guy to the guy who sells stuff on the streets. Believe me when I say this - you will have been complimented if someone mistook you for a naija broda! All Mushrooms are edible! Some Mushroom are only edible ONCE!
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Rank: User Joined: 9/6/2013 Posts: 1,446 Location: In a house
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masukuma wrote:Fyatu wrote:washiku wrote:So, back to the question. How big is the Nigerian economy? The Nigerian economy is approximately 500b US dollars. Nigeria is the 6th biggest producer of irori in the World. It is the most populous country in Africa and 6th populous in the world. Despite its population, Nigeria is more than 50% forested. By 1900, Nigeria was already exporting things like Kimbo, Cowboy, Omo, and Guiness Kubwa. At this time most Kenyans, were walking around naked and most were hunter gatherers. Nigeria has an excess of 300 public universities. Attaining a D+ guarantees you a position in University....University education in Nigeria is universal. In Kenya we are still struggling to make primary education universal.. All oga's want to be entrepreneurs unlike in Kenya where almost everyone wants to be either an MCA, or a KYM at Safcom or NMG etc Nigeria is a full federal state. The ugatuzi we have in Kenya is jokes. even the igwes and their kingdoms have some level of autonomy and can bring in investors to their villages. Oga's as a people are full of spirit. Oga's think large and think big money. Oga's are in all corners of the world making mullah and repatriating the mullah back home. The reason why KQ is going big on Asia route is because Oga's discovered guangzhou long time ago...in short the Nigerian economy is big....very big Have you ever been on a KQ flight and wondered - who buys these 'duty free things'? When KQ flies to Oga land... hakuna duty free ya kurudisha! I love the Oga spirit... they make money left right center! When you go to an obscure part of the world... you will find them there 'hustling' that green passport imezunguka (why do they attach so many of them together? unakuta kama 4-5 pamoja). Ogas go abroad they don't want to be second to anyone... their culture is that lazima u head somewhere... hata kama ni cleaner - lazima akuwe head cleaner! ask yourself which ethnic group is the most educated in US? Naija oh! spirit! When you go to their country you just admire the passion. kutoka the taxi guy to the guy who sells stuff on the streets. Believe me when I say this - you will have been complimented if someone mistook you for a naija broda! @Fyatu only 12% of Nigeria is forested. Shhhhhh!! less than 3% of kenya is forested. Since we have never done any of such kind of studies, I have to mention the majuu one, the source is from UK. A study done in 2009.
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Rank: Veteran Joined: 1/20/2011 Posts: 1,822 Location: Nakuru
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urstill1 wrote:Fyatu wrote:washiku wrote:So, back to the question. How big is the Nigerian economy? The Nigerian economy is approximately 500b US dollars. Nigeria is the 6th biggest producer of irori in the World. It is the most populous country in Africa and 6th populous in the world. Despite its population, Nigeria is more than 50% forested. By 1900, Nigeria was already exporting things like Kimbo, Cowboy, Omo, and Guiness Kubwa. At this time most Kenyans, were walking around naked and most were hunter gatherers. Nigeria has an excess of 300 public universities. Attaining a D+ guarantees you a position in University....University education in Nigeria is universal. In Kenya we are still struggling to make primary education universal.. All oga's want to be entrepreneurs unlike in Kenya where almost everyone wants to be either an MCA, or a KYM at Safcom or NMG etc Nigeria is a full federal state. The ugatuzi we have in Kenya is jokes. even the igwes and their kingdoms have some level of autonomy and can bring in investors to their villages. Oga's as a people are full of spirit. Oga's think large and think big money. Oga's are in all corners of the world making mullah and repatriating the mullah back home. The reason why KQ is going big on Asia route is because Oga's discovered guangzhou long time ago...in short the Nigerian economy is big....very big Now we are talking. Would you please back it up? It's not that I'm not believing you, I just want something for further reading. I believe you 80%, 20% will be filled when I get reference materials. Lets start with this as a pre-amble RINKDumb money becomes dumb only when it listens to smart money
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Rank: User Joined: 9/6/2013 Posts: 1,446 Location: In a house
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I have to commend the oga govt for this, they fight for their citizens in diaspora. They value that mullah repatriated. I'm yet to hear what ours have done since 1963. Maybe I'm ignorant. Someone educate me.
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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murchr wrote:urstill1 wrote:I found it interesting that our economy is less than 10% the oga's economy. Do you mean oil and their population can have such a huge effect? From the figures I have seen, I doubt if any African nation will ever catch up with them? Hua kuna njaa uko kweli?
PS: My comparison is strictly African we are affected by almost the same thing. So no much yada yada about how GDP is arrived at huko kwani @Kiash Bado hatuja rebase wacha tu rebase ndio tujue the true picture. Naija econ is diversified, if it werent for corruption wangekuwa same league na waarabu. They have Nollywood and a big textile industry. Alafu hao watu wao wengi ni ma consumers. Wananunua Sukari ya Dangote, Simiti yake, na ku bank kwa Banks zao. Thats is what drives the economy. They are now getting into agriculture. Planting what they consume, so no African country will catchup with them soon, maybe Angola in the next few years. As for Kenia, we are a little fascinated by things imported. Hio ndio inaturudisha nyuma. Look imported sugar is killing Mumias and others. We import njugu, popcorn. What do we export? Raw tea coffee. Vera sindiria imported her boobs.We aretruly special and unique If Obiero did it, Who Am I?
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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del If Obiero did it, Who Am I?
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Rank: Elder Joined: 12/2/2009 Posts: 2,458 Location: Nairobi
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If we are simply comparing GDP then Nigeria's should be big based on the size of their population and resources...
But we should not confuse GDP with hard work and better lives.
China has been growing exponentially but it is yet to catch up to the USA in terms of Economy size.
Our Neighbours in ethiopia have been growing lately faster than China, but we are not rushing there.. we are still aiming for the Western countries.
The US of A has had the largest economy for quite a while, but there are hidden gems called the Norske countries where life is bliss. heaven i tell you.
So let us not admire a large economy that does not translate to good living standards. there has to be a balance on both ala Deutschland.
But take it from me, no matter how much money is revolving in Lagos, 80% of it is in banana island, and Victoria Island.. The rest are worse off..
And that 80% is the same nation wide.
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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poundfoolish wrote:If we are simply comparing GDP then Nigeria's should be big based on the size of their population and resources...
But we should not confuse GDP with hard work and better lives.
China has been growing exponentially but it is yet to catch up to the USA in terms of Economy size.
Our Neighbours in ethiopia have been growing lately faster than China, but we are not rushing there.. we are still aiming for the Western countries.
The US of A has had the largest economy for quite a while, but there are hidden gems called the Norske countries where life is bliss. heaven i tell you.
So let us not admire a large economy that does not translate to good living standards. there has to be a balance on both ala Deutschland.
But take it from me, no matter how much money is revolving in Lagos, 80% of it is in banana island, and Victoria Island.. The rest are worse off..
And that 80% is the same nation wide. Ditto, I remember we discussed here.My point/stand is that when a country;'s GDP grows, its the elitist who benefitIf Obiero did it, Who Am I?
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