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Nigeria's Economy Set To Overtake South-Africa's In Two Years - Politics (7) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Nigeria's Economy Set To Overtake South-Africa's In Two Years (24448 Views)

Nigeria, Mexico To Overtake UK Economy, We Don’t Want This To “CHANGE”! / Angola Set To Overtake Nigeria / Ogun Poised To Overtake Lagos In Development! (2) (3) (4)

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Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by AwodwaGyanOniwe: 11:04am On Jul 06, 2013
@Olu
Please your BROTHERS AREN'T JEALOUS LIKE U.
SOUTH AFRICAN CRIBBS.
grin grin grin grin grin grin
https://www.nairaland.com/604757/south-african-homes-just-magnificent
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by Horus(m): 11:11am On Jul 06, 2013

https://www.youtube.com/watch?v=r_DL_kzcH08

[size=15pt]Nigerian economy will take over South Africa by 2020[/size]
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by AwodwaGyanOniwe: 11:14am On Jul 06, 2013
@Chimamanda
AM WAITING BRING IT ON grin grin grin grin grin grin

[b]BE WARNED YOU'RE BLOGGING WITH SOMEONE WHO HAS BEEN TO NIGERIA SEVERAL TIMES. KNOW ABOUT YOUR ROADS,HOUSING,WATER AND SANITATION, ELECTRICITY ETC...REMEMBER WHEN WE HOSTED THE WORLD CUP, FIFA GAVE AFRICA MONEY TO BUILD FOOTBALL FOR HOPE CENTRES. Those were "DESIGNED IN SOUTH AFRICA BY US". Note: SOUTH AFRICAN FIRMS LIKE MTN,SHOPRITE,VODACOM ETC..APOINT SOUTH AFRICAN PROFESSIONALS TO DO THEIR PROJECTS ALL OVER "AFRICA". MEANING WE'RE MORE TRAVELLED TODAY THAN BEFORE. PLUS IF YOU HAVE "DSTV" YOU MIGHT KNOW THERES "TRAVEL CHANNLES" SOUTH AFRICANS WHO HAVE WATCHED "FOETPORE" THATS AFRIKAANS FOR EXPLORERS WHERE S.A. EXPLORERS DROVE FROM MORROCO TO CAPE TOWN BY CAR/4X4. THEN FROM CAPE TOWN TO CAIRO. OUR PEOPLE SAW THE DIFFERENCE BETWEEN AFRICAN COUNTRIES BY NOW WE KNOW "NIGERIA DESPITE ITS EASTERN LIARS IS FAR BEHIND", NORTH AFRICANS CAN MAKE NOISE.
grin grin grin grin grin
THE LINKS YOU SENT HAVE CHANGED ANYTHING[/b] grin grin grin grin grin grin grin grin grin

NOW INSTEAD OF SHOWING "PHOTOS" LETS SHOW EACH OTHER "LIVE YOUTUBE VIDEOS OF OUR INFRUSTRUCTURE".
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by ChimaAdeoye: 11:17am On Jul 06, 2013
AwodwaGyanOniwe: @Chimamanda
THE 7 LINKS U SHOWED ME AREN'T WORTH OVER $52 BILLION, U CLAIMED EACH WAS WORTH $1BILLION. MEANING WE'RE COMPARING "SA'S $52BILLION STANDING INFRUSTSRUCTURE SPENDING WITH YOUR "WISHY WASHY $7BILLION small malls".

IN S.A. THE GOVERNMENT HAS ITS ROLE, WHILE THE BUSINESS/PRIVATE SECTOR HAS ITS ROLE.

NOTE: THIS TREND HAS BEEN ADOPTED FROM "APARTHEID ERA".

AGAIN EVERYONE KNOWS S.A. IN THE PAST WAS MAINLY TRADING WITH EURO ZONE AND USA, CHANGED SLIGHTLY AFTER 94 AND SHIFTED TO ASIA AND MID EAST. THOSE WHO ARE "OPEN MINDED" KNOW S.A. SLOW GROWTH IS AFFECTED BY EURO ZONE DECLINE. I CAN SEE WHY NIGERIAN MEN PREFER "SOUTH AFRICAN WOMEN OVER NIGERIAN WOMEN" BY NOW.
grin grin grin grin grin grin grin

Typical South African, they lie and become violent when confronted with the truth.
You have quietly ignored my response showing you that even black south Africans have rejected the cardboard houses you have posted here as "achievement".[size=13pt]You have been unable to show me the big projects in SA in the last 5 years because there is NONE[/size]!
BTW, South Africa spent only [size=14pt]$2billion dollars[/size] for the 2010 world cup and reaped much more than it spent.

SOURCE: http://www.post-gazette.com/stories/news/world/south-africa-spent-2-billion-on-world-cup-stadiums-254820/

Since you have no audacious projects in the last 5 years worth at least $3 billion dollars or more presently going on in SA, to match the some of Nigeria's audacious projects costing above that figure started within the last 5 years.Eg Lekki free trade zone(with its own airports and seaports),Eko Atlantic city, Abuja metro line,Lagos Metro line, Port Harcourt Riv-metro, Lagos -Kano modern gauge rail,deep sea ports,Dangote $ 8 billion dollars refineries etc, which have littered Nigeria, it is a waste of time to continue with your childish rant about malls.Which cost less than $30 million dollars.

In 2014, Nigeria shall release the statistics on its re-based GDP, it will finally show that Nigeria has since surpassed SA in GDP size. If can then hug a transformer because you hate to accept the reality. grin grin grin grin grin grin grin grin cheesy cheesy cheesy cheesy wink
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by AwodwaGyanOniwe: 11:22am On Jul 06, 2013
@Horus
HA HA NOT NEXT YEAR NOW ??ECONOMISTS PROJECTIONS SHOWED PAKISTAN WAS GONNA REACH THE $TRILLION MARK THIS YEAR. WE HAVEN'T SEEN THAT grin grin grin grin grin

IN THE PAST "IVORY COAST" WAS DUBBED AS THE "FUTURE GIANT OF WEST AFRICA" WHERE ARE THEY

LASTLY HORUS, IN 25 YEARS NIGERIA WILL BE BEGGING FOR "OIL FROM SOUTHER AND EAST AFRICA". YA'LL WILL CONTINUE TO DECLINE. YOUR GROWTH DECLINED FROM &% TO 6% LAST YEAR.

THE PROJECTION DONE IN THE PAST DIDN'T KNOW THAT "KENYA,NAMIBIA,MADAGASCAR,SOUTH AFRICA,MOZAMBIQUE ETC..HAD OIL AND GAS".

WE WILL SHOW YOU HOW NATURAL RESOURCES ARE USED. "JOBURG" WAS BUILT THRU ITS OWN WEALTH "GOLD" IF U DRIVE AROUND JOBURG YOU WILL SEE MINE DUMPS SHOWING ACTIVITIES OF THE PAST. SAME CAN BE SAID WITH "KMBERLEY" BUILT OUT OF DIAMOND MONEY.

Same can be said with our Neighbours BOTSWANA(Note Batswana of Botswana are related to SA Batswana, actually most SA Batswana have relatives in Botswana) AND NAMIBIA.
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by AwodwaGyanOniwe: 11:32am On Jul 06, 2013
[b]@Chimamanda

THOSE WHO ARE CLEVERER THAN YOU KNOW NIGERIA WILL STILL "FALL SHORT TO SOUTH AFRICA". HA HA YOU BELONG TO THE "STREET CORNERS REALY".

HA HA THE WEST HAS BEEN FOOLING NIGERIANS SOON, AFTER THEIR OIL IS FINISHED WHICH IS PROJECTED TO BE 25 YEARS FROM LAST YEAR. THESE WESTERNERS WILL BE SINGING A DIFFERENT TUNE ELSEWHERE. grin grin grin grin grin grin[b]Not so long ago we were told PAKISTAN WILL REACH $1TRILLION MARK THIS YEAR, WE'RE WAITING WE HAVEN'T SEEN THAT.

I SAW THIS INTERESTING ARTICLE LAST NIGHT AND LAUGHED. grin grin grin grin grin grin
NIGERIA THE REGIONAL SUPER POWER NOT A GIANT OF AFRICA

There has been a great deal of attention paid to the rise of Nigeria as of late. Indeed, it is hard to ignore the impressive economic growth rates being posted at a time when most economies are on the decline. The government appears focused on improving government services and investing in high potential growth areas of the economy. President Goodluck Jonathan’s recent Transformation Agenda is an impressive document that many economists and analysts believe is setting the conditions for Nigeria to become the dominant economy on the African continent. The agenda emerged in 2011 out of a belief by President Jonathan that the government needed a sense of direction and a way to ensure the country’s development priorities were applied with continuity, consistency, and commitment – the so-called “3Cs”. cry cry cry cry

Such analysis of Nigeria’s trajectory is further understandable given the current distribution of economic and political power in the region. Today, there are three regional nodes of economic and political influence in Sub-Saharan Africa: South Africa, Nigeria, and Kenya. These three markets are the dominant players and generally act as hubs for continent-wide trade and commerce. They are also important interlocutors within their regions and across the continent via the African Union. Traditionally, South Africa has been the most dominant of the three, taking on leadership roles within the African Union and often representing the continent in international institutions like the United Nations Security Council. South Africa’s dominance in this respect continues, but many are now arguing that its position atop the hierarchy of African states is being economically threatened by Nigeria.

But what I find particularly remarkable about all the analyses is their failure to consider the political economy of Nigeria as a whole. Indeed, much of the contemporary analysis of Nigeria appears to gloss over, forget, or intentionally ignore some of the important structural issues that still confront it. I don’t mean to downplay the significant economic growth that Nigeria is experiencing, or of the plans to fix its problems – all of these are good things. However, it really is too soon to claim that Nigeria is posing any threat to the dominance of South Africa on the continent.

Whilst Nigeria is a hub for the movement of goods, South Africa’s capacity and infrastructure are still superior in many respects. A recent study coming out of the South African Institute of International Affairs, argues that geography and infrastructure make a real difference to economic growth potential. The study notes that South Africa still maintains a geographic advantage and advanced infrastructural capacity, ranging from deep-sea ports to container activity to strong logistics capacity, and that it is where many multinational companies have chosen to locate their headquarters. The study also warns that other countries are finding ways to improve market share of trade activity in Africa. All of these findings are correct, but the logical jump to assuming South Africa’s decline under Zuma and Nigeria’s rising dominance implied by these sorts of studies leaves me feeling skeptical for the following reasons:

First, even in light of Nigeria’s strong economic growth, its GDP is still far less than that of South Africa. In fact, we are talking about $164 billion less. Not an insignificant sum for two developing countries. Nigeria’s GDP currently sits at $244 billion whilst South Africa maintains a GDP of about $408 billion. With Nigeria’s annual growth rate of 7% that is an extra $16 billion coming into the Nigerian economy next year, in 2012 we have seen the decline of Nigeria's growth from 7% in 2011 to 6.5% and assuming growth continues on par as projected, this will have a compounded effect. In this context, it is going to take more than 20 years for Nigeria to catch up with South Africa’s economy, which is also growing at a (albeit more modest) rate of 3%. Note: with recent oil findings in Southern Africa, South Africas problems are almost done and they will rise and open the gap. This is a far lengthier period than the 2014 prediction made by some analysts, so it is quite possible that the economic fortunes of either state could change significantly. Indeed, it is believed that South African growth rates could increase if problems with labour unrest in the mining sector are resolved. This is entirely plausible if the Zuma administration negotiates a mutually acceptable plan with its union partners currently in the governing alliance. All this takes is political will.

So, Nigeria’s transition into dominance will be reliant on current growth rates, oil prices, and education investments remaining the same for the next ten years. This scenario doesn’t take into account any shifts in macroeconomic conditions or natural fluctuations in markets. As well, it assumes that Nigeria can solve some real challenges it faces with its business environment, primarily that of capital flight and corruption. Indeed, Nigeria is ranked 131 out of 185 countries as a place to do business and has stayed in the same spot for the past two years. In contrast, South Africa’s business environment has improved in the past year – it is now ranked 39th globally, a two spot jump from the 41st position that it maintained last year.

Nigeria remains rife with corruption despite efforts by the government to address it. Continentally, Nigeria is ranked 27 out of 53 states in terms of being a non-corrupt environment; internationally it is ranked 139 out of 176 countries, according to Transparency International. In contrast, South Africa ranks seventh within the region and 69th globally for non-corruption. Corruption in Nigeria is really a systemic issue and the challenge of tackling it cannot be underestimated; to do so would require sustained support from continental and international partners.

The rise of Nigeria will also be dependent on its ability to address socio-political challenges. Longstanding civil conflict due to insurgent groups, and struggles to put in place safeguard measures to protect human rights will also prevent Nigeria from becoming the dominant player on the continent. These challenges are real and if not addressed, will detract from Nigeria’s ability to assert its dominance through the use of force or through moral persuasion.

Political stability in Nigeria is still a major issue. Adding to the existing political divisions between the people in the North and South of the country are the threats that insurgent groups such as Boko Haram and Ansaru pose to stability. Indeed, the national and local level governments appear to be struggling to contain these groups that are committed to destabilizing the North and East and to undermining important development work such as the vaccinations against Polio. Civil conflict brought on by these insurgent groups and their effectiveness at undermining the authority of the state and instilling fear in the local population poses a real challenge to Nigeria’s rise as sorting out internal matters will divert attention and resources for engaging in regional or international issues. Nigeria’s inability to take leadership in intervening in regional conflicts to date, like Cote d’Ivoire and Mali, only highlight the difficulty it faces in projecting leadership outside of its borders. While it is expected that Nigeria will participate in stabilizing Mali through the provision of troops, its slow response has been surprising given its leadership role in the regional economic community of ECOWAS. South Africa, which is a reluctant intervenor in African conflicts, has committed $23 million in humanitarian aid and police training.

Finally, the Nigerian government continues to grapple with respecting human rights. Amnesty International recently released its annual report on Nigeria that notes the continuing prevalence of extrajudicial killings, enforced disappearances, forced evictions, and unlawful detention. As well, rights for the LGBTI community continue to be hindered as homosexuality is still illegal in Nigeria and the president is planning on signing the Same Sex Marriage (Prohibition) Bill that was passed by the Nigerian Senate in 2011. All of this impacts Nigeria’s ability to act as a moral actor on the continent and internationally. South Africa, on the other hand, continues to be a moral actor as a result of the strong human rights provisions within its constitution and the existence of a constitutional court that effectively upholds those provisions.

When considering the “rise” of countries, it is important to remember that influence and dominance are also determined by other socio-political conditions than just the economy. The political reality of Nigeria includes real efforts to improve economic conditions in the country but also persistent problems that, if left unresolved, will undermine its ability to influence and dominate in Africa. In this light, it is important that one-dimensional analyses based on economic growth figures be tempered and contextualized against the challenges the country faces. [/b]
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by AwodwaGyanOniwe: 11:36am On Jul 06, 2013
^^^^^^^^^^^THIS CLEARS YOUR WISHY WASHY THINKING. grin grin grin grin grin grin grin

@Chimamanda

I CAN SEE WHY NIGERIAN LADIES WHO COME TO SOUTH AFRICA AREN'T MAKING THE GRADE. WE HAVE ALOT OF GRADUATES WHO RAE PROSTITUTES FROM YOUR "INFERIOR UNIVERSITIES".

I HAVE POSTED A POST ON HOW YOUR SISTAS ARE MAKING A LIVING IN S.A.
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by AwodwaGyanOniwe: 11:39am On Jul 06, 2013
@Chimamanda
THOSE "SMARTER" THAN YOU KNOW SOUTH AFRICAS RAND WAS AFFECTED BY EURO ZONE CRISIS AND BAILED OUT BY THEIR "STRONG TRADE WITH CHINA". THOSE "YORUBAS" LIVING AND WORKING IN SOUTH AFRICAS GOVERNMENT WILL TELL U THAT SOUTH AFRICAS ECONOMY HAS BEEN "SHIFTING SLOWLY FROM TRADING WITH EU TO TRADE WITH THE REST OF THE WORLD".

[b]OUR GDP WILL BE REACHING DOUBLE DIGITS SOON AFTER 2019 WHEN SOUTHERN AFRICAN(SA,NAMIBIA,MOZAMBIQUE,MADAGASCAR,TANZANIA) COUNTRIES START PRODUCING OIL AND JOINING OPEC OFFICIALLY.

South Africa to benefit from oil discoveries in the region
By: MALCOLM REES
RECENT discoveries of oil in South Africa’s neighbours Mozambique and Namibia may revolutionise economies in the region, and provide substantial opportunity for SA, provided they are managed right.

An estimated 11 billion barrels worth of oil were recently discovered in fields around Namibia’s southern coast while American Oil Company, Anadarko has discovered oil reserves off the coast of Mozambique.
Although these discoveries are not massive in global terms they are, especially the Namibian discovery, significant, and are likely to spark an intensification of exploration activity in the region which may result in yet more findings.
And South Africa, according to Deloitte’s global head for oil and gas, Adi Karev and his South African counterpart, Anton Botha, may stand to benefit significantly.
“There’s a saying in the oil and gas business that you can do two things when you explore (you can) explore next to the well that you have already found and your probability of finding more is higher, or explore further away in places you’ve never explored before and that probability is lower.
“The more we find in Africa, the higher the probability that we will find more,” said Karev.
In light of these discoveries, asked whether Africa could be the next oil growth story, Karev responded by saying “it is, without any doubt.”
Africa “represents a higher potential than it has in the past”, he said indicating that it has now become one of “multiple” regions with key potential to benefit from an oil boom.
But “Africa is not the USA,” he commented as he graciously recognised Africa is a continent, not a country and “there are countries that possess, within that context of higher promise (even) higher promise”.
That level of promise is related not only to the size and number of reserves, said Karev, but to the available levels of technological expertise and regional infrastructural capacity needed to exploit those reserves.
This is where South Africa stands to benefit. “When you find oil in most developed economies where the environment for services is ripe and acceptable (and) in environments where you find oil in proximity to economies that are well developed, and SA is a well developed economy, there are a number of ‘circles’ (of benefit and growth) that come out of that,” said Karev.
The immediate benefit comes from the extraction of that oil and the engineering activities associated with that extraction and SA stands to benefit by leveraging its existing capacity to help in these efforts.
But it is in the down-stream support services required for oil (and gas) extraction that offers the primary opportunity for SA.
“The closer oil finds and gas finds come to the borders the greater the opportunity for us in SA to leverage the expertise that we have and the capabilities that we have,” says Botha.
“Oil services will boom in this part of the world … with SA having the ports, engineers, services and logistics … to support this industry that’s absolutely booming in Africa, I believe … that oil services (in SA) will boom,” he said.
The responsible exploitation of oil could be a game changer for sub-Saharan Africa but for it to be a success there will need to be a significant and “mature” buy-in from the region’s governing elite, says Karev and Botha.
Political instability and, dare we say greed, may pose the greatest risk to a potentially great opportunity.
“There are a number of ways that politics tends to impact the ‘appropriate exploitation of reserves’,” says Karev, “not the least of which is the recognition that you cannot run the exploration and production activities that are long term, very engineering oriented and need to be intensively managed (and) operationally controlled in cycles that mimic the cycles that are associated with political changes (in Africa and elsewhere).
Ultimately, says Karev, the investment/extraction cycles associated with oil last upwards of four decades, political cycles fluctuate in a matter of years, creating a stable environment across these cycles is the challenge. – The Citizen[/b]
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by AwodwaGyanOniwe: 11:46am On Jul 06, 2013
@Chimamanda
AS I SAID THE WORLD DOESN'T CIRCLE AROUND tiny nigeria, IN THE PAST YA'LL HAVE TRIED BLOCKING US BUT FAILED. WE GOT THE "SOCCER WORLD CUP AND HOSTED WITH FLYING COLOURS DESPITE DOUBTING THOMAS'S FROM NIGERIA", WE LEAD A.U. DESPITE tiny nigerias EFFORTS TRYING TO STOP DR N. ZUMA. WE WILL HOST THE "OLYMPICS AHEAD OF nigeria", YA'LL CAN CONTINUE VOTING AGAINST US WE WILL "WIN WITH OUT nigerias votes", JUST LIKE IN 2010 WC, AU.

THE WORLD KNOWS ABOUT LARGEST TRADE PORT IN AFRICA
COEGA, one of the guys working here I wont mention his position is a YORUBA man, not Igbo liar like u.

COEGA TRADE PORT
Listen to the comments from WORLD COMMUNITY not your VILLAGE/NIGERIA.


http://www.skyscrapercity.com/showthread.php?t=410759
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by AwodwaGyanOniwe: 11:48am On Jul 06, 2013
@Chimamanda

GAUTRAIN AFRICAS FAST TRAIN UP AND RUNNING UNLIKE THE 3D RENDERS YOU SHOWED ME. NOTE: I WORK WITH 3D RENDERS EVERYDAY.

http://www.skyscrapercity.com/showthread.php?t=353144&page=74
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by AwodwaGyanOniwe: 11:51am On Jul 06, 2013
@Chimamanda
THE DIFFERENCE BETWEEN US AND BLIND NAIJA IS "PLANNING"
CURRENTLY WE'RE BUILDING A SOCIAL HOUSING AND NEW TOWN CALLED "CORNUBIA" NORTH OF UMHLANGA(another new city built after 1994). THEN AFTER THIS WE'RE STARTING WITH "AMAZULU WORLD" AFTER WE HOUSED THOSE COMMUNITIES THAT WERE TO BE REMOVED IN THE THAT TUGELA RIVER AREA AND PLACE THEM IN THIS NEW "CORNUBIA".
grin grin grin grin
http://www.skyscrapercity.com/showthread.php?t=1137617
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by AwodwaGyanOniwe: 11:53am On Jul 06, 2013
@Chimamanda
WE WILL SHOW U FOOLS HOW TO USE OIL
SA OIL RESERVES UNTAPPED


http://www.energy.gov.za/files/IEP/presentations/OilandGasReservesInSA_30March2012.pdf
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by AwodwaGyanOniwe: 11:54am On Jul 06, 2013
@Chimamanda,Olu
PLEASE LETS SHARE LIVE VIDEOS NOT "PHOTOSHOP STAFF" BY MONDAY.
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by ChimaAdeoye: 12:58pm On Jul 06, 2013
AwodwaGyanOniwe: @Horus
HA HA NOT NEXT YEAR NOW ??ECONOMISTS PROJECTIONS SHOWED PAKISTAN WAS GONNA REACH THE $TRILLION MARK THIS YEAR. WE HAVEN'T SEEN THAT grin grin grin grin grin

IN THE PAST "IVORY COAST" WAS DUBBED AS THE "FUTURE GIANT OF WEST AFRICA" WHERE ARE THEY

LASTLY HORUS, IN 25 YEARS NIGERIA WILL BE BEGGING FOR "OIL FROM SOUTHER AND EAST AFRICA". YA'LL WILL CONTINUE TO DECLINE. YOUR GROWTH DECLINED FROM &% TO 6% LAST YEAR.

THE PROJECTION DONE IN THE PAST DIDN'T KNOW THAT "KENYA,NAMIBIA,MADAGASCAR,SOUTH AFRICA,MOZAMBIQUE ETC..HAD OIL AND GAS".

WE WILL SHOW YOU HOW NATURAL RESOURCES ARE USED. "JOBURG" WAS BUILT THRU ITS OWN WEALTH "GOLD" IF U DRIVE AROUND JOBURG YOU WILL SEE MINE DUMPS SHOWING ACTIVITIES OF THE PAST. SAME CAN BE SAID WITH "KMBERLEY" BUILT OUT OF DIAMOND MONEY.

Same can be said with our Neighbours BOTSWANA(Note Batswana of Botswana are related to SA Batswana, actually most SA Batswana have relatives in Botswana) AND NAMIBIA.

Men,
Another deluded South African product of very very poor quality educational system.Does not know simple subjects such as geography nor even even world population.Should i then expect you to know maths,science or economics?

You call Nigeria "Tiny" yet the population of children born in Nigeria from 2006-2012 have already surpassed the entire South African population of 50 million! grin grin grin grin grin grin To have a debate with you illiterate South Africans can be so daunting,because you guys cannot stay on any topic nor answer any questions directly.

Anyhow, in 1900, Jo'burg was already a world renowned city,while Lagos was a village swamp.In 1960,Jo'burg was amongst the world's biggest cities while Lagos was just a small town.
In 2010, Lagos is as big as Jo'burg with infrastructure at par with it.Imagine what Lagos will be in 2020.

May i remind you that SA has had a well constituted government since 1900.While Nigeria only started having such development oriented governments from 1999.South Africa's infrastructural edge over Nigeria specifically "Power,Agriculture and Roads" was built by so called "RACIST WHITEMEN" and is being rapidly closed with the construction of IPP's, Agricultural revolution and rebuilding of critical infrastructure around the country.

You speak of Nigeria's growth being 6%?(actually 7.2%) while not speaking of "Developed" SA's 1% growth. grin grin grin grin grin grin
Nigeria does not need any lessons on how to murder mine workers from the vicious South Africans.We are a civilized country that respect labor laws and not like South African savages brutally killing hundreds of miners simply for asking for pay rise.Nigeria is projected to rank the 13th biggest economy in the world. Where is SA in that list? Nigeria is the future and South Africa with all its viciousness and xenophobia belong to the trash can of the past,whether sick south african morons like you accept that fact or not.


http://www.pwc.com/en_GX/gx/world-2050/assets/pwc-world-in-2050-report-january-2013.pdf
http://www.thescoopng.com/vision-132050-pwc-says-nigeria-could-be-13th-top-economy-by-2050/
http://www.nigerianwatch.com/news/1158-pricewaterhouse-coopers-forecasts-nigeria-will-be-g-13-economy-by-2050
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by Nobody: 2:21pm On Jul 06, 2013
What kinda joke b dis grin

1 Like

Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by spassion: 9:29am On Jul 07, 2013
Chima_Adeoye:

Men,
Another deluded South African product of very very poor quality educational system.Does not know simple subjects such as geography nor even even world population.Should i then expect you to know maths,science or economics?

You call Nigeria "Tiny" yet the population of children born in Nigeria from 2006-2012 have already surpassed the entire South African population of 50 million! grin grin grin grin grin grin To have a debate with you illiterate South Africans can be so daunting,because you guys cannot stay on any topic nor answer any questions directly.

Anyhow, in 1900, Jo'burg was already a world renowned city,while Lagos was a village swamp.In 1960,Jo'burg was amongst the world's biggest cities while Lagos was just a small town.
In 2010, Lagos is as big as Jo'burg with infrastructure at par with it.Imagine what Lagos will be in 2020.

May i remind you that SA has had a well constituted government since 1900.While Nigeria only started having such development oriented governments from 1999.South Africa's infrastructural edge over Nigeria specifically "Power,Agriculture and Roads" was built by so called "RACIST WHITEMEN" and is being rapidly closed with the construction of IPP's, Agricultural revolution and rebuilding of critical infrastructure around the country.

You speak of Nigeria's growth being 6%?(actually 7.2%) while not speaking of "Developed" SA's 1% growth. grin grin grin grin grin grin
Nigeria does not need any lessons on how to murder mine workers from the vicious South Africans.We are a civilized country that respect labor laws and not like South African savages brutally killing hundreds of miners simply for asking for pay rise.Nigeria is projected to rank the 13th biggest economy in the world. Where is SA in that list? Nigeria is the future and South Africa with all its viciousness and xenophobia belong to the trash can of the past,whether sick south african morons like you accept that fact or not.


http://www.pwc.com/en_GX/gx/world-2050/assets/pwc-world-in-2050-report-january-2013.pdf
http://www.thescoopng.com/vision-132050-pwc-says-nigeria-could-be-13th-top-economy-by-2050/
http://www.nigerianwatch.com/news/1158-pricewaterhouse-coopers-forecasts-nigeria-will-be-g-13-economy-by-2050

[size=25pt][b]
@Chima,
I am happy you one of the most reasonable Nigerians not one like that "OLU". Go and check what his colleague "AWODWA...." called him in one of his post. He called him "OKU". I am sure he hasn't realize that yet.
I guess that OLU is as dumb as this one. Both of them are ignoring the facts.
@OLU, No one is begging you to go back. You can remain in slavery.
@AWODWA... Thank your head for NELSON MANDELA. All due respect to this great man. He is the only one you can look up to for your freedom. When he is gone, the whites will sell you all into slavery and there won't be any more generous Nigerian govt. to save you from another apartheid. Apartheid is coming.
I would also like to remind you the leader you have, JACOB ZUMA, Wow!!! he likes sex more than his life. He is very corrupt. You have failed, when Nigeria is diversifying from oil, when the world is diversifying from oil, you are searching for it. That's a big doom for your country, you will never know until you start exploration.
TIME WILL TELL, IF WE WILL OVERTAKE YOU OR NOT.
When MTN, DSTV and the rest move their headquarters to Nigeria, don't cry pls.
Lastly, whether you like it or not NAIRALAND is purely Nigerian. If you are not happy with our success, why don't you just leave. [/b] [/size]
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by AwodwaGyanOniwe: 8:03am On Jul 08, 2013
@Chimamanda,Spassion

I SAID I WILL BE BACK!!!!!!AM BACK WITHA BANG!!!!

ITS GONNA TAKE YOU YEARS TO REMOVE ME HERE
cool cool cool cool cool cool cool cool
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by AwodwaGyanOniwe: 8:14am On Jul 08, 2013
@Chimamanda
AS I SAID LETS SEE LIVE WORK BETWEEN SOUTH AFRICA VS NIGERIA IN THE LAST 5 YEARS.

BRING IT FCKN ON
!!!!!! shocked shocked shocked shocked
COEGA PORT, PORT ELIZABETH, EASTERN CAPE SOUTH AFRICA.
Constrution price:$17billion
, PORT ELIZABETH NEWLY BUILT FROM SCRACTH LARGEST PORT IN AFRICA, HAS A OIL REFINERY PLANT, CAR MANUFACTURING PLANT ETC.


https://www.youtube.com/watch?v=e9uLmOsrKQE

LINK
http://www.skyscrapercity.com/showthread.php?t=410759
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by kwametut: 8:35am On Jul 08, 2013
@Chimamanda

GAUTRAIN, LATER AFTER COUNTING ALL THE PROJECT LIST WE WILL COMPARE. WHAT NIGERIA BUILT IN LAST 5 YEARS "NOT IT WISHES TO BUILD". grin grin grin grin grin

NOTE: PEOPLE AROUND THE WORLD ARE READING THESE POSTS, BECAREFUL DON'T LIE.
grin grin grin grin

GAUTRAIN
$2,5BILLION PROJECT WE BUILT THIS AT THE SAME TIME NIGERIA WAS PLANNING SOMETHING LIKE THIS. COMPLETED OURS AND AM SORRY TO SAY "THERES NO FAST TRAIN IN NIGERIA". grin grin shocked shocked shocked shocked

https://www.youtube.com/watch?v=agEH4lTXqpo
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by kwametut: 8:38am On Jul 08, 2013
@Chimamanda
NOTE: SA HAS THE HIGHEST NUMBER OF "TARRED ROADS IN AFRICA" AND PRODUCES 2 THIRDS OF AFRICAS ELECTRICITY FOR TINY 53 MILLION PEOPLE. wink wink wink wink wink
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by kwametut: 8:46am On Jul 08, 2013
@Chimamanda

DURBANS 2ND PORT
Price:$7 BILLION


DURBAN OLD AIRPORT(Apartheid era building) DEMOLISHED AND A "NEW HARBOUR, WITH ITS OWN OIL REFINERY AND MANUFACTURING PLANTS" grin grin grin grin


https://www.youtube.com/watch?v=fnlQfOeZiwc

NEW DURBAN HARBOUR SITE EXCAVATION

"Pls read the posts on the link of NORTH AFRICANS(Moroccans,Tunisians,Egyptians saying well DONE SOUTH AFRICA). WHILE nigerian IS DYING WITH "JEALOUSY". ITS A SHAME.
cry cry cry cry

NEW DURBAN PORT SECOND PORT FOR THAT ONE CITY.
http://www.skyscrapercity.com/showthread.php?t=1398696
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by kwametut: 8:52am On Jul 08, 2013
@Chimamanda
R90 Billion - New Coal Rail line to Richards Bay and existing line upgrades

R60 to R65 billion including the new wagons and rolling stock for the new line and R37 billion for the existing line! Total of over R90 billion!

Transnet mulls new Richards Bay line

Transnet Freight Rail is exploring the possibility of a new railway through Swaziland to Richards Bay to move general freight off the coal line.
The coal line has a capacity of 68-million tons a year and the rail operator was investigating increasing capacity to as much as 97-million tons a year, Transnet Freight Rail CEO Siyabonga Gama said at a transport investment conference in Cape Town yesterday.

Coal mining companies have been pushing for greater volume on the line to the coal terminal at Richards Bay to cash in on high prices for export-grade thermal and metallurgical coal, for steel making. Prices have surged on strong demand from countries such as China and India. Transnet Freight Rail was considering moving other freight off the coal line and constructing a new line that would carry these goods to the coast.

A memorandum of understanding had been signed with Swaziland to investigate the economic feasibility of such a development, Mr Gama said.

"We want to see if we can explore a link through Swaziland to Richards Bay so we can use that channel to take out noncoal cargo, which would vastly improve capacity," he said.

As much as 15-million tons of general freight transported on the coal line annually could be moved to the new line, Mr Gama said. An update on a study being conducted with Swaziland would be ready by October.

The new general freight rail line is likely to run from Ermelo in Mpumalanga into Swaziland towards Mbabane and then to the industrial area of Matata — Swaziland’s second city — before ending in Richards Bay.

Stephenson Ngubane, the director of operations and marketing at Swaziland Railway, said the new line was still in the concept phase and was being discussed with Transnet.

He said it would be an entirely new line and could link up with a new iron-ore mine being planned on the border between Swaziland and SA. The line would also be used to transport other minerals from Swaziland to Richards Bay.

Another study, a railway line between the coal-rich Waterberg region and Ogies, in Mpumalanga, was also being explored, Mr Gama said.

Transnet Freight Rail was working with the National Planning Commission, the Chamber of Mines and Eskom on a feasibility study for the line that would be completed by the end of next year. The new coal line would be 450km long and could cost about R4m/km, Mr Gama said. "It will cost between R17bn and R19bn for that line, and then you would need the necessary wagons and rolling stock of between R30bn to R40bn to support coal," Mr Gama said.

If approved, the new line would "help to catapult SA beyond its current position as the sixth-largest exporter of coal to perhaps the second- or third-largest globally", he said.

Transnet Freight Rail planned to spend R37bn on the existing coal line over the next 10 years "to improve and sustain operations", Mr Gama said. "An additional R20bn to R25bn … will need to be spent to make sure the volumes go beyond the theoretical capacity."

Transnet is also looking to expand its port facilities. The National Port Authority is to appoint advisers on building a new terminal and port in Durban, the authority’s CEO, Tau Morwe, said yesterday.
__________________
Improving in stature day by day



PLS READ THE LINK grin grin grin grin

http://www.skyscrapercity.com/showthread.php?t=1399232

OR TRY THIS ONE
RICHARDS BAY PORT
The Port of Richards Bay's Coal Terminal is the world's biggest, with capacity to handle 91 million tons per year.
http://www.skyscrapercity.com/showthread.php?p=94864375
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by kwametut: 8:55am On Jul 08, 2013
@Olu
I KNOW ABOUT THIS tiny project AND WILL SHOW YOU "SOCIAL HOUSING FROM ALL SOUT AFRICA". HA HA YOU COMPARED "RDP HOUSING" WITH SOCIAL HOUSING OUT OF "DESPARATION". EVERYONE KNOWS NIGERIA WILL FAIL TO "HOUSE HER HUGE POPULATION UNTIL JESUS COMES BACK". grin grin grin
LAGOS SOCIAL HOUSING
http://www.skyscrapercity.com/showthread.php?t=1641075
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by kwametut: 8:57am On Jul 08, 2013
@Olu
HAVE U VISITED "UMHLANGA" A SUBURB TRUNED INTO A "NEW DUBAI" grin grin grin grin

http://www.skyscrapercity.com/showthread.php?t=1513402
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by kwametut: 9:19am On Jul 08, 2013
@Olu
IF U WANT WE CAN HAVE JOBURG VS LAGOS.

HA HA YOU POSTED "RDP HOUSING" COMPARING THEM WITH "SOCIAL HOUSING" JUS TO MAKE YOURSELF HAPPY.
BRO THERES "SOCIAL HOUSING ALL AFRICA", SAD NEWS FOR U IS SOUTH AFRICAN ONES "LOOK FLY".

FOR GAUTENG PLS VISIT THIS SITE
grin grin grin grin grin grin
http://www.gpf.org.za/
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by kwametut: 9:57am On Jul 08, 2013
@Olu
CITY OF CAPE TOWNS HOUSING LIST.
AS I SAID "SOUTH AFRICA IS ALL ABOUT TRANSPARENCY". grin grin grin grin grin SEOMEONE FROM OUTSIDE THE COUNTRY CAN GAIN ACCESS TO OUR "HOUSING SITES" AND SEE HOW FAR WE'RE.



http://www.capetown.gov.za/en/Housing/Pages/Projects.aspx
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by kwametut: 10:00am On Jul 08, 2013
@Olu
HOLD YOUR HORSES THESE AREN'T EVEN "SOCIAL HOUSING SCHEMES" BUT "FREE RDP HOUSES AND VARY IN LOOKS". THERES WHAT THEY CALL IN ARCHITECTURAL TERMS "HOUSING TYPOLOGIES".

http://www.capetown.gov.za/en/Housing/Pages/Gallery.aspx

THEN I WILL SHOW YOU THE "SOCIAL HOUSING SCHEMES" AS REQUESTED BY YOU. grin grin grin grin
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by kwametut: 10:12am On Jul 08, 2013
@Olu
LETS START WITH "CAPE TOWN" THAT CITY IS "RETURING NON WHITES RESIDENTS/BLACK/COLOUREDS/ASIANS" TO THE CITY. BEFORE 1948'S "APARTHEID SEGREGATION LAWS" THAT CITY WAS "MIXED ALL RACES LIVED SIDE BY SIDE". NOTE: BLACKS WERE THE CORNER STONE OF "CONSTRUCTION WHEN THAT CITY BOOMED". THE CITYS HARBOURS,RAILROADS, WAS BUILT BY BLACK LABOUR, WHILE DESIGNED BY BRITISH COLONISERS LIKE ELSEWHERE IN AFRICA(Lagos,Port Harcourt etc.. former British town in Africa). grin grin grin grin


DISTRICT SIX "SOCIAL HOUSING" CAPE TOWN CBD.
grin grin grin
http://www.skyscrapercity.com/showthread.php?t=1441461
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by kwametut: 10:33am On Jul 08, 2013
@Chimamanda
LIVE VIDEO OF NIGERIAN STREETS.
grin grin grin grin grin grin [b]THIS IS WHAT HAVE BUILT SO FAR [/b]cool cool cool


https://www.youtube.com/watch?v=ceFQLvNFl1A
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by kwametut: 10:35am On Jul 08, 2013
@Chimamanda
YEAR 2012 NIGERIA IS STILL LIKE THIS, TOWN BUILT BRITISH COLONISERS "PORT HARCOURT" LOOKS LIKA "SLUMS". cry cry cry cry


https://www.youtube.com/watch?v=CYNNxQTWXVk
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by kwametut: 10:40am On Jul 08, 2013
[b]The number of white South Africans will decrease by eight percent by 2025, according to a report by the SA Institute of Race Relations.

And by 2015, coloured South Africans will be the next largest race group in the country after Africans.

By 2040, there will be 20 percent fewer white South Africans than in 2010.

“The decline in the white and Indian populations is attributed to a combination of low fertility rates and higher emigration rates. the white population group has emigrated on a larger scale than other race groups, although a slowdown is foreseen,” according to the report authored by Thuthukani Ndebele.

“The African and coloured population groups are predicted to increase at a slower rate, largely because of HIV-Aids and declining fertility rates.”

The report was based on findings of a 2008 Actuarial Society of South Africa project, among others.

It found that HIV-Aids had a major effect on the structure of the African component of the South African population.
THE NUMBER OF WHITES IN SOUTH AFRICA IN STEADY "DECLINE" THIS IS DUE TO "AGING AND OUT MIGRATION". cry cry cry cry

The marked decrease of the African population in the 35-39 age group is explained by the high prevalence rate of HIV-Aids in this group.

A decrease is also apparent in the white population in the 24-35 age groups, attributed to the high rate of emigration of white people of working age.

The greater numbers of elderly white people was due to better access to private health care, less poverty, and a higher standard of living.

The coloured population, although relatively stable, had a higher mortality rate in the 15-24 age group. - Cape Times

"By 2040, there will be 20 percent fewer white South Africans than in 2010."
"And by 2015, coloured South Africans will be the next largest race group in the country after Africans."[/b]
grin grin grin grin

spassion:

[size=25pt]

@AWODWA... Thank your head for NELSON MANDELA. All due respect to this great man. He is the only one you can look up to for your freedom. When he is gone, the whites will sell you all into slavery and there won't be any more generous Nigerian govt. to save you from another apartheid. Apartheid is coming.
[/size]

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