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Nigeria the largest economy? Really?
Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Did they calculate GNP? That will be more given that Nigerians own so much property out of Nigeria. Even the majority shareholder of Gatwick Airport UK is Nigerian... "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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Rank: Member Joined: 1/15/2010 Posts: 625
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Ericsson wrote:@mv_ufanisi; The point am raising is that GDP is a wrong metric value as a tool of measurement;HDI is better. It doesn't matter. Even for HDI, South Africa has high averages for the overall population but for the black population all the metrics are below average. It's like living in a palace as a waiter and laughing at someone who owns a bungalow. I think South Africa will be in the rough for a long time while the rest of Africa grows zooms by. You only need to check the education statistics to see how bad things are for the Africans there. For some reason, in all areas where Africans have been dominated, e.g. Brazil, USA and South Africa you get the same results - high averages that mask the plight of the Africans and the attendant results ghettos, violence & poor results. Real economic progress for Africans will have to come from Nigeria, Kenya and the rest of SSA apart from SA.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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@mv_ufanisi; The black population in South Africa is coming up. South Africa is celebrating 20 years next month and the first blacks who went to school after black majority rule are now joining university. If u look at some of their big companies they are now beginning to have black CEOs and senior managers case in point Standard Bank of South Africa parent company of CFCStanbic,Telkom SA. And the black empowerment plan which is much better than what we had in Zimbabwe ensures empowering the natives without distorting the economy Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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Ericsson wrote:@mv_ufanisi; The black population in South Africa is coming up. South Africa is celebrating 20 years next month and the first blacks who went to school after black majority rule are now joining university. If u look at some of their big companies they are now beginning to have black CEOs and senior managers case in point Standard Bank of South Africa parent company of CFCStanbic,Telkom SA. And the black empowerment plan which is much better than what we had in Zimbabwe ensures empowering the natives without distorting the economy Their black empowerment programme is similar to our much maligned Africanisation policy of the Jomo Kenyatta era.. Few blacks will get rich
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Rank: Member Joined: 1/15/2010 Posts: 625
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Lolest! wrote:Ericsson wrote:@mv_ufanisi; The black population in South Africa is coming up. South Africa is celebrating 20 years next month and the first blacks who went to school after black majority rule are now joining university. If u look at some of their big companies they are now beginning to have black CEOs and senior managers case in point Standard Bank of South Africa parent company of CFCStanbic,Telkom SA. And the black empowerment plan which is much better than what we had in Zimbabwe ensures empowering the natives without distorting the economy Their black empowerment programme is similar to our much maligned Africanisation policy of the Jomo Kenyatta era.. Few blacks will get rich Southern Africa got the "extreme colonization" experience - Zimbabwe, Namibia and South Africa. It's going to take a lot for them to get over it and start focusing on building their countries. Their best bet is a huge investment in education which isn't happening. African growth is mostly going to come from East, West and Central Africa for the next three decades.
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Rank: Elder Joined: 12/27/2012 Posts: 2,256 Location: Bandalungwa
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One thing about Nigeria is that they haven't let their tribalism permeate politics the way Kenya has.
In Kenya, tribalism is toxic to development. We have had three presidents who have enjoyed solid support from their ethnic bases regardless of how incompetent, corrupt or neglectful they were.
So while Nigeria has been rushing ahead at break-neck speed, Kenyans are too busy frolicking in their tribal elements.
Nigerians don't obsess over elections as Kenyans do. Kenya virtually comes to a standstill for one year prior to elections as idlers wait to be addressed by their tribal chiefs.
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Rank: Member Joined: 8/29/2008 Posts: 571
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Alba wrote:One thing about Nigeria is that they haven't let their tribalism permeate politics the way Kenya has.
In Kenya, tribalism is toxic to development. We have had three presidents who have enjoyed solid support from their ethnic bases regardless of how incompetent, corrupt or neglectful they were.
So while Nigeria has been rushing ahead at break-neck speed, Kenyans are too busy frolicking in their tribal elements.
Nigerians don't obsess over elections as Kenyans do. Kenya virtually comes to a standstill for one year prior to elections as idlers wait to be addressed by their tribal chiefs. Dont worry so much as to what "WE" as a country can do,worry about what you as a person can do.If all of us did the right thing,we can surge ahead...
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Rank: Member Joined: 7/5/2008 Posts: 390
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Alba wrote:One thing about Nigeria is that they haven't let their tribalism permeate politics the way Kenya has.
In Kenya, tribalism is toxic to development. We have had three presidents who have enjoyed solid support from their ethnic bases regardless of how incompetent, corrupt or neglectful they were.
So while Nigeria has been rushing ahead at break-neck speed, Kenyans are too busy frolicking in their tribal elements.
Nigerians don't obsess over elections as Kenyans do. Kenya virtually comes to a standstill for one year prior to elections as idlers wait to be addressed by their tribal chiefs. Ha ha ha. No Tribalism in Nigeria? You are dead wrong! Why was Yar Adua sneaked into the country dead? Why is BokoHaram mostly in the North? Why did some folks in South-East protest when Wole Soyinka (a Yoruba) won a Nobel Price, rather than the much fancied Chinua Achebe (an Igbo)? What wsa the genesis of the Biafran War? What about the last year's policy of relocating Igbos from Lagos to Onitsha? Why is the APC likely to win next elections and not PDP?
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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Apple Bees wrote:Alba wrote:One thing about Nigeria is that they haven't let their tribalism permeate politics the way Kenya has.
In Kenya, tribalism is toxic to development. We have had three presidents who have enjoyed solid support from their ethnic bases regardless of how incompetent, corrupt or neglectful they were.
So while Nigeria has been rushing ahead at break-neck speed, Kenyans are too busy frolicking in their tribal elements.
Nigerians don't obsess over elections as Kenyans do. Kenya virtually comes to a standstill for one year prior to elections as idlers wait to be addressed by their tribal chiefs. Ha ha ha. No Tribalism in Nigeria? You are dead wrong! Why was Yar Adua sneaked into the country dead? Why is BokoHaram mostly in the North? Why did some folks in South-East protest when Wole Soyinka (a Yoruba) won a Nobel Price, rather than the much fancied Chinua Achebe (an Igbo)? What wsa the genesis of the Biafran War? What about the last year's policy of relocating Igbos from Lagos to Onitsha? Why is the APC likely to win next elections and not PDP? Just to add to @Apple beez questions....why did they set up the Federal capital or Federal state of Abuja?? They set it up so that no tribe will have a claim to it.. Kenya needs to cultivate the spirit of entrepreneurship especially in schools. Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Alba wrote:One thing about Nigeria is that they haven't let their tribalism permeate politics the way Kenya has.
In Kenya, tribalism is toxic to development. We have had three presidents who have enjoyed solid support from their ethnic bases regardless of how incompetent, corrupt or neglectful they were.
So while Nigeria has been rushing ahead at break-neck speed, Kenyans are too busy frolicking in their tribal elements.
Nigerians don't obsess over elections as Kenyans do. Kenya virtually comes to a standstill for one year prior to elections as idlers wait to be addressed by their tribal chiefs. Boss, stop hating your country that much to the extent of calling Nigeria a non-tribal politics country. THAT MY FRIEND, IS A LIE! Nigerians MUST be the most tribalistic IDIOTS on the African Continent by far, maybe followed by Kenyans or South Sudanese! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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LINKDumb money becomes dumb only when it listens to smart money
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Rank: Member Joined: 2/1/2010 Posts: 272 Location: Nairobi
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Roundi hii niku rebase. Kenya not left behind, adjusted GDP might hit $50bn http://www.ft.com/intl/cms/s/0/99ea0902-bfc1-11e3-b6e8-00144feabdc0.html?siteedition=intl#axzz2ySesv752The harder you work, the luckier you get
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Rank: Elder Joined: 12/27/2012 Posts: 2,256 Location: Bandalungwa
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dunkang wrote:Alba wrote:One thing about Nigeria is that they haven't let their tribalism permeate politics the way Kenya has.
In Kenya, tribalism is toxic to development. We have had three presidents who have enjoyed solid support from their ethnic bases regardless of how incompetent, corrupt or neglectful they were.
So while Nigeria has been rushing ahead at break-neck speed, Kenyans are too busy frolicking in their tribal elements.
Nigerians don't obsess over elections as Kenyans do. Kenya virtually comes to a standstill for one year prior to elections as idlers wait to be addressed by their tribal chiefs. Boss, stop hating your country that much to the extent of calling Nigeria a non-tribal politics country. THAT MY FRIEND, IS A LIE! Nigerians MUST be the most tribalistic IDIOTS on the African Continent by far, maybe followed by Kenyans or South Sudanese! Did you guys actually read my post ? I never said there is no tribalism in Nigeria. I said tribalism does not affect Nigerian elections to the extent that it does in Kenya. In Kenya elections are 95% about ethnicity and building tribal blocks. And only about 5% about issues. This means that Kenyans will defend a member of their ethnic group who happens to be the president no matter how lousy he is at his job. More importantly It means Kenyans cannot hold their leaders accountable. Even if a leader does nothing about corruption, insecurity, joblessness etc, he will still be re-elected simply by building tribal blocks. Nigerian politics has some tribalism in it but to a far less extent. Consider the fact that Goodluck Jonathan won the election in 2011. Yet he belongs to an ethnic group that is the equivalent of Taita or Pokomo in Kenya. This means that Naijas from the larger ethnic groups like Yoruba and Igbo are capable of putting their tribalism aside and voting for a better candidate. There were Igbos and Yorubas in the 2011 election but they were ignored by their own people in favor of Jonathan. And when you look at the Nigerian elections now, those who are unhappy with Jonathan are focusing on his inability to tame Boko-Haram and to deal with oil theft and corruption. Nigerians are actually making an attempt to vote on issues. You dont read stories of a Yoruba block or a Kanuri block or anything.
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Rank: Elder Joined: 12/27/2012 Posts: 2,256 Location: Bandalungwa
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Apple Bees wrote: Ha ha ha. No Tribalism in Nigeria? You are dead wrong! Why was Yar Adua sneaked into the country dead? Why is BokoHaram mostly in the North? Why did some folks in South-East protest when Wole Soyinka (a Yoruba) won a Nobel Price, rather than the much fancied Chinua Achebe (an Igbo)? What wsa the genesis of the Biafran War? What about the last year's policy of relocating Igbos from Lagos to Onitsha? Why is the APC likely to win next elections and not PDP?
Once again I am not saying there is no tribalism in Naija. My point is that tribalism does not affect the way Nigerians vote as much as it does in Kenya. This means that Naija people can actually hold their politicians accountable, something Kenyans simply cannot do. But let me address your points one by one 1. Yar Adua died of long illness. How that is tribal is beyond me 2. Boko Haram is a religious group not a tribal group. They are mostly in the North because muslims are mostly in the North 3. The beef between Achebe and Soyinka is not politics. We are discussing politics. And not ever Igbo was against Soyinka anyway. 4. The Biafra war was due to an attempt to secede. 5. With regard to APC and CPC, Buhari was soundly beaten by Jonathan in 2011. But as I said in my previous post, Jonathan may loose this time because he has not tackled issues like Boko Haram and corruption. This has demoralized a large segment of those who voted for him last time.
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Rank: Elder Joined: 12/27/2012 Posts: 2,256 Location: Bandalungwa
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One issue worth noting is that the seeds of tribalism in Naija were actually planted by the British. The divide and rule strategy you read about in history class was the real deal in Naija. In fact the British also played a key role in fomenting the Naija civil war.
In Kenya on the other hand , the seeds of tribalism were planted by Kenyatta. It is he who created a siege mentality among his people that anyone who opposed his rule was a traitor.
In Tanzania, tribalism does not exist because Nyerere put his foot down and refused to allow it. Even in Uganda there is far less tribalism in elections. Bugand
At some point we as Kenyans have to admit that our tribalism is holding us back.
Every prominent politician in Kenya who succeeded has cultivated tribalism. The curse of Kenya is that politicians who attempted to break this mold ended up sidelined or killed. So we have Pinto, Mboya, JM Kariuki, Ronald Ngala, Masinde Muliro, Ouko, Matiba............ All of whom would have made excellent leaders. In those days people were brave enough and principled enough to criticize a president who was from their own ethnic group.
Its very unfortunate that Matiba was the most competent cabinet minister, was not tribalistic and risked his life fighting for multi-party democracy ended up never being president.
Instead we ended up with Kibaki who was the exact opposite of Matiba: Lazy, tribalistic, un-principled and never fought for multi-party demcocracy. If you critically look at Kibaki's resume prior to 2002, you will realize he never should have been president. But he rose to power only because of his ethnicity.
And he was able to cling to power and in 10 years was never held accountable. Instead we have rewarded him with a generous pension and the 500m house. Yet this is money that could be used for development. Something is wrong with this picture.
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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@Alba, are stating all this "FACTS" because "someone" "somewhere" didn't win the 2013 elections? OK, Now back to Nigeria and the Economy. What is the use of a "bigger" economy whilst the nation is unlivable? Can you compare and contrast the economies and habitability of say Vietnam, India, Brazil with that of Sweden, Finland, New Zealand etc? Which economies are bigger? which countries are more habitable? Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 12/27/2012 Posts: 2,256 Location: Bandalungwa
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Case Study : Olesegun Obasanjo vs Daniel Arap Moi
Obasanjo a Yoruba won the 1999 elections by sweeping votes in Igbo land and among the Hausa and Fulani. He ended up winning with 62% of the vote. This happened because Nigerians wanted to reward him: He was the first military ruler of Nigeria to hand power back to a civilian. His resume was superb and credentials very good. He was not a tribal chief. In fact his own Yoruba people did not vote for him en masse. It was the Igbo and the muslim North who did.
Result: Prior to Obasanjo, Nigeria GDP was growing at an anaemic rate of 2-3 %. Under Obasanjo it grew to 6% and has been growing at a rapid clip since then. Even during the global recession, Nigeria has been growing rapidly. Obasanjo traversed the globe to curry favor with the west. He was rewarded as the west sent record FDI inflows into Nigeria.
Nigerians were rewarded for voting for the best candidate regardless of ethnicity.
An average Nigerian is a hustler who wants to make money any which way and will vote for whichever candidate makes it easier for him to hustle.
Meanwhile what was happening in Kenya ?
Moi trounced the opposition twice in 1992 and 1997 because every ethnic groups wanted to win based on tribe and could not imagine the thought of a member of a different tribe other than your own winning. So Wamalwa , RAO, Kibs, Ngilu et al flew in different directions handing Moi easy victories.
Moi for his part convinced smaller tribes that a win by certain tribes would lead to discrimination. They voted for him not because he was a good candidate but because he convinced them that tribal interests outweigh the prosperity of the country
Result: While Nigeria GDP was growing at over 6%, Kenya's GDP actually contracted during Moi's last years.
Thank you tribalism and tribal voting. It has been Kenya's biggest impediment since the 1960s
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Rank: Elder Joined: 12/27/2012 Posts: 2,256 Location: Bandalungwa
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Interesting Factoid: Naija census numbers are suspect but Hausa are probably the largest ethnic group in Naija. They are by far the largest ethnic group in Africa with over 50 million people. Yet no Hausa has ever been head of state. In fact I am not sure any Hausa has ever even run for president. Tyranny of numbers hakuna pale. They are normally grouped with the more closely related Fulani but yet Fulani have had a few presidents and several presidential candidates. Yet hausa outnumber fulani by a factor of 4 to 1
Most of the military rulers like Murtala Mohamed. Yakubu Gowon, Ibrahim Babangida , Sani Abacha were from very obscure ethnic groups that constitute less than 2% of Naija. Yet they rose through the ranks of the military and were chosen by their military peers to lead the country after military coups.
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Rank: Elder Joined: 6/8/2013 Posts: 2,517
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Chineke dint know we had many oga experts in wazua "😖😡KQ makes money for everyone except the shareholder 😏😏 " overheard in Wazua
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Rank: New-farer Joined: 5/16/2013 Posts: 14
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What is!!! Unless of course you have your breakfast in board room. Well, who care about all these high figures/graphs placed on a spreadsheet when am a learned fella and I am struggling to feed myself and takes my kid to the average schools. So Nigeria(ns) (and sometime Kenya) lets never be excited.
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