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How big is Nigerian economy?
kiash
#61 Posted : Tuesday, August 12, 2014 3:29:16 PM
Rank: Veteran

Joined: 4/27/2010
Posts: 951
Location: Nyumbani
Fyatu wrote:
urstill1 wrote:
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.


my bad @urstill1...i got my facts wrong on the forest cover...but lets face it...12% forrest cover in a country of 150 million is quite impressive...River Niger is also a major asset when it comes to food security

Back to the debate...i concur that one biggest advantage of Oga's is their consumer-ism. Ogas dont buy things like rice or sugar by 1kg or 2kg...they buy them in 50kgs quantity etc. In Oga land people drive GMC's, Ferrari's etc.

The other advantage is their deep cultural values..e.g., if an Oga makes it in business he goes back in the village and pick two or three boys and girls as his apprentices and after some period gives them capital to go start their own thing. Still on culture..Naija has produced serious authors, musicians and even thespians.








Eiish bado mchana . You are talking about which Ogas ? Na tule tugari twa yellow ?Laughing out loudly Laughing out loudly
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