Rossikk:

Actually, a rise in car purchases, including quality car purchases, points to a corresponding rise in consumer income, consumer spending and consumer confidence, which points to a growing/improving economy.

Perhaps you should study economics before posting on these issues.

take dat: Abeg @Op what sort of idiocy are you trying to display here? Is it your aim to encourage criminality cos most of the vehicles on display belongs to 419ners, Drug pushers, Subsidy thieves and ritualists excluding the artists.

So because Dbanj drives an aston martins it means our economy is booming.

Go to major bus stops across the federation and see millions queuing to get a cab not to talk of those who would trek.

Rossikk:

Actually, a rise in car purchases, including quality car purchases, points to a corresponding rise in consumer income, consumer spending and consumer confidence, which points to a growing/improving economy.

Perhaps you should study economics before posting on these issues.

Rossikk:

Actually, a rise in car purchases, including quality car purchases, points to a corresponding rise in consumer income, consumer spending and consumer confidence, which points to a growing/improving economy.

Perhaps you should study economics before posting on these issues.

Dee_Ae: lool this isn't a result of any rubbish economy, majority of those cars belong to politician's kids or oil 'masterminds' and for those of you familiar with abj and its street racers (darkknight or so) you'll grab. the rest are celebs that have made it big.
Show a government worker with such cars and i'll believe its economy

Rossikk:

Any proof to back your beer parlour analysis?




Did Felix Lebarty and Kris Okotie drive such vehicles in their own time? No. Not because they didn't fancy such rides, but because there was not enough money from their music to allow such a lifestyle, due to poor consumer spending power.



Go to major bus stops in New York City, London, and LA and you will also see millions queueing for buses and cabs, so what's your point?

A-ZeD:

Dude you must be one hell of an economist. I guess bankers losing jobs on a daily basis and the falling Naira also mean a booming economy.

PS: Spain and Italy are in trouble financially does that mean no one is by exotic cars in those countries?

Rossikk:

Actually, a rise in car purchases, including quality car purchases, points to a corresponding rise in consumer income, consumer spending and consumer confidence, which points to a growing/improving economy.

Perhaps you should study economics before posting on these issues.

take dat: Guy there are fast and luxury cars even in poorer countries. Being able to afford those cars depend on your hustle and not because the economy is booming. There are millionaires in several poorer nations with low per capital income but for the mere fact that you see a selected few cruising doesn't translate to economic growth or development.
Most Nigerian artistes have widen their scope beyond Nigeria eg Dbanj, you cannot claim the level of his wealth is due to Nigeria' economy

ROSSIKE:

Consumer spending is rising across the board in Nigeria (9% per annum - all-time high). As bankers are losing jobs so are other bankers and other professions - including entrepreneurs getting hired and succeeding.



Car sales are down in all those countries commensurate with their economic travails.

ballabriggs: Typical Nigg.ar mentality.

Car na measure of progress. Chai Black man black sense. I was expecting stuff like manufacturing value added rises as the economy booms. I was expecting Nigeria's steel mill hits 50% of planned output as economy booms. Or even Women literacy rate up by 20%. I see cars imported from another mans land.

What does it take to have these? Oil price rises, you earn more Petrodollars, income rises, you import more and you rejoice. SMH

ballabriggs: Typical Nigg.ar mentality.

Car na measure of progress. Chai Black man black sense. I was expecting stuff like manufacturing value added rises as the economy booms. I was expecting Nigeria's steel mill hits 50% of planned output as economy booms. Or even Women literacy rate up by 20%. I see cars imported from another mans land.

What does it take to have these? Oil price rises, you earn more Petrodollars, income rises, you import more and you rejoice. SMH

ROSSIKE: ^^^ Illiterate!

ROSSIKE:

You're a complete dunce. And please leave 'blacks' out of this because you're not fit to kneel in the same room as a black man, you worthless orangutan.

If you had a working brain which you don't, you'd realise that rising consumer purchases, of which car purchases are an integral aspect, are one of the MAJOR indicators of economic upswing in any country.

ROSSIKE:

Nigeria car imports rise 15 percent in half of 2012

New car imports into Nigeria rose 15 percent in the first half of 2012, compared with the same period last year, as credit flows recovered in Africa's second-biggest economy, dealers said on Monday.

Car sales in Nigeria are a proxy measure for consumer purchasing power and analysts see them as a good indicator of economic growth in the continent's most populous nation.

Nigeria's economy grew 6.17 percent in the first quarter of this year, down from 7.68 percent in the fourth quarter last year, according to official figures.

Nigerian port figures showed new vehicle imports increased to 24,158 units in the first six months to June, from 21,024 units in the same period of last year, as bank credit started to trickle in, according to vehicle importers.

http://www.africanoutlookonline.com/index.php?option=com_content&view=article&id=4874:nigeria-car-imports-rise-15-percent-in-half-of-2012&catid=47:busioness-economy-money-a-investment-news&Itemid=555

ROSSIKE:
Oh, and oil accounts for less than 14% of Nigeria's GDP, so attributing the economic boom to 'oil prices' is another sad demonstration of your economic illiteracy.