Shay na 'To' no be 'has' or 'had'. That Nigeria factor will always be there.

In apc's voice 'my people my people,i will build roads for you,i will build schools for you,i fight corruption,i will put GEJ in prison,i will weep disobedient civil servants,i put them in crates, i will create parallel gov,etc. After election the next time you will be their people will be after four yrs and you go hear the same sermon.lol. In GEJ's voice,my fellow Nigerians,i have build roads for you,i've build rail for you,build schools for you,build hospitals for you,privatised eelectricity for you,create million jobs for you,stop ghost workers for you,etc and i promise to do more. Carry go my humble presido!

teemanbastos:
Economy good yet i dy struggle, xo whatz d benefit of good economy?
gej is working

How productive are you?

for newspaper abi? Oloshi people!

GEJ is a gift given to Nigerians by God himself.


Whether APC propagandists like it or not, GEJ till 2019

This is what Soludo has been saying. Our Economy is being doctored to look good, when, in fact, it's messed up. This administration needs to go ASAP.

All na wash. Election propaganda

My President is Black, my Babe is white...
Nice one GEJ for beating Africa and now taking on the world

PDP - Party Deceiving People.

I dey laugh ooo. Not only UK, even the entire world economy.

[quote author=ishiamu post=30685180]According to a recently released PWC report available on most top British & European Newspapers and Tabloids, The UK economy will be overtaken by Nigeria and Mexico by 2050 as the country currently sitting among the Top Ten economies in the World may be displaced by these emerging economies given the current GDP growth rate of the country.The UK’s economy’s will lag behind emerging markets, as its GDP growth rate falls from 2.3 per cent in 2014 to around 1.8 per cent in 2050, the report attributesan aging population and slothfulness among the countries workers as reason for the decline in the UK’s productivity.Nigeria currently the 39th strongest Economy in the World under President Jonathan’s government in terms of GDP, Vietnam and the Philippines have high projected average growth rates of around 4.5-5.5 per cent per year until 2050. Malaysia is also projected to grow at around 4 per cent, which is higher than China’s projected average growth rate of around 3.5 per cent.By 2050, according to a World Bank, Goldman Sachs study it is believed that if this current growth rate is maintained, Mexico will have become the Eight biggesteconomy in the world, and Nigeria the 13th by 2050. Turkey, Vietnam, Colombia, Poland and Malaysia are also slated to be the fast-growing large economies in the years taking us up to the middle of the century.John Hawksworth, PwC’s chief economist, said: “Europe needs to up its game if it’s not to be left behind by this historic shift of global economic power, which is moving us back to the kind of Asian-led world economy last seen before the Industrial Revolution. The US may hold up better, provided it can remain at the global technological frontier, and the UK could also perform well by G7 standards if it remains open to trade, investment, people and ideas.”However, while it is easy to cite mammoth growth for emerging markets, PwC did state that for these economies to realise their full potential, their respective governments would need to pursue and maintain sensible economic policies.

Sorry but this is all hypothetical and I don't see it happening. The bigger nigeria's economy grows the smaller the growth rate so using current growth rate to estimate to 2050 doesn't make sense.

You need to look at the assumptions in the appendix to make sense of the projections.

Also the risks cover their back e.g. from the report: whilst Nigeria has the potential to be a fast growing country, this is dependent on Nigeria using its oil wealth to develop a broader based economy with better infrastructure and institutions e.g. rulebook law.

My President is GEJ, my vote is his and I 'll be God dammed if my Passport ain't green... Our heroes past crawled so muritala Mohammed could walk, Muritala Mohammed walked so GEJ can now run, GEJ already running so we all can Fly, so spread your wings you can meet me in the sky. So Haters better put ya heads up coz we already in the sky.

unite4real:
the graph did not show that Nigeria economy overtook uk in 2050 as estimated. You can change the heading to read that nigeria economy to rank 13th in the world by 2050 as estimated.

Another blunder by seun and co. They push anything to front page without proper verification.

Zohan:

Lmao where re they marching to.

Marching to 2050. 4wrd ever, conductor can keep the change. I always leave it for them though

ellechrystal:

What do u really want Truth right?
Has any Nigerian politician ever told d truth?
Pat utomi is also a liar, all of them r liars, just appreciate d little u c for now.
That's all

Well said. Let us appreciate the little things so we can see the big picture.

Truckpusher:
How productive are you?

not with 200 to 1$

UrennaNkoli:
Good but that rigorous journey to year 2050 starts from march 28 .Only change can make this a reality. Not at this useless tenure where a £ = #312

#VoteforBuhari

please vote wisely

[size=18pt]Sai Buhari[/size]

The naira is falling because APC and Buhari have not provided any clear blueprint on their proposed economic policy, and this is driving fear into the owners of the FDIs, who are pulling out their funds from the country. It is the speculation about what may or may not be, that is driving down the value of the local currency. You can now imagine what will happen to the naira if Buhari wins the elections, and the militants in the niger delta blow up the oil pipelines as they have been threatening. The only way nigeria will attain the predicted economic height in 2050 is if the transformation agenda of GEJ is not scuttled. We will like to reiterate that the present economic team headed by Dr Ngozi Okonjo-Iweala remains the best ever in the history of nigeria, and we are better off with continuity, rather than a sinister ''change''. GEJ till 2019.

nortcentrallord:

Marching to 2050. 4wrd ever, conductor can keep the change. I always leave it for them though

Hehe

1stCitizen:
At N312 to £1 and still rising?

Are you minding the unfortunate refugees in this nation

aflyingbird:
MCHEEEEEW, 2050? DAT'S 35 YEARS AWAY, Lmaooo

Do not be selfish, make a sacrifice for your unborn children. They deserve better than this even though our elders left us with little or nothing and are still struggling leadership with us while tapping us on our backs and whispering into our ears "u are the leaders of 2moro". Sometimes I wonder if tomorrow ever ends.

ishiamu:
According to a recently released PWC report available on most top British & European Newspapers and Tabloids, The UK economy will be overtaken by Nigeria and Mexico by 2050 as the country currently sitting among the Top Ten economies in the World may be displaced by these emerging economies given the current GDP growth rate of the country.The UK’s economy’s will lag behind emerging markets, as its GDP growth rate falls from 2.3 per cent in 2014 to around 1.8 per cent in 2050, the report attributesan aging population and slothfulness among the countries workers as reason for the decline in the UK’s productivity.Nigeria currently the 39th strongest Economy in the World under President Jonathan’s government in terms of GDP, Vietnam and the Philippines have high projected average growth rates of around 4.5-5.5 per cent per year until 2050. Malaysia is also projected to grow at around 4 per cent, which is higher than China’s projected average growth rate of around 3.5 per cent.By 2050, according to a World Bank, Goldman Sachs study it is believed that if this current growth rate is maintained, Mexico will have become the Eight biggesteconomy in the world, and Nigeria the 13th by 2050. Turkey, Vietnam, Colombia, Poland and Malaysia are also slated to be the fast-growing large economies in the years taking us up to the middle of the century.John Hawksworth, PwC’s chief economist, said: “Europe needs to up its game if it’s not to be left behind by this historic shift of global economic power, which is moving us back to the kind of Asian-led world economy last seen before the Industrial Revolution. The US may hold up better, provided it can remain at the global technological frontier, and the UK could also perform well by G7 standards if it remains open to trade, investment, people and ideas.”However, while it is easy to cite mammoth growth for emerging markets, PwC did state that for these economies to realise their full potential, their respective governments would need to pursue and maintain sensible economic policies.



http://www.thewhistleng.com/we-dont-want-this-to-change-nigeria-mexico-to-overtake-uk-economy-given-current-growth-rate-exclusive/

A very big BUT

2050 . I hope they are mistaking next year for 2050.

teemanbastos:
not with 200 to 1$:-/

Was it as a result of bad economic policies by this present administration?

If you don't know why N200 is equal to 1$ dollar exchange rate right now then you have no right to even criticize the Government.
Like I said before most you are poor because you're mentally lazy and may likely die poor because you're always expecting the Government to spoon feed you.
Nigeria is a goldmine,get yourself some skills or think out something from your head and watch yourself swim in money as you continue to reinvest opening new fronts .A country of 250 million people require a lot of different services don't be left out .

in 35 yrs time

How is Nigeria suppose to move from 39th position to 13t: position considering our mono-economy without the zeal for diversification.

Aaaw! I see; it was projected that the Nigerian oil will dry-up in 2040. Only then would our leaders wake-up to reality to diversify the ecanomy; if not Nigeria may even fall to 70th postision in 2050.

#projection.

Error. That chart was from 2012. In case nobody heard, officially (according to our own official numbers, which I respect, as well as world bank and IMF accounts) Nigeria ranks 23rd as of 2014, is likely 21st as of 2015, and and is definitely going to rank in the top 20 before 2020. If you really take all the productivity actually on the ground in Nigeria not accounted for in the so called informal sector like pure water and aba made, you will conclude - as I have - that it already is a top-20 economy. Please note that only 8-12% of that is from oil. The other 90% is from Nigerians' hard work:

http://en.m.wikipedia.org/wiki/Economy_of_Nigeria (disclaimer, I've been an editor of this page for almost 10 years)

The informal sector can be quite large in developing economies, as much as 60% of government estimates due to inadequate sampling. In other words, instead of $522billion in 2013, it might actually be closer to $835billion. See here for more info
http://en.m.wikipedia.org/wiki/Informal_sector

Take this example where Nafdac states that pure water alone accounts for #7billion per day http://www.punchng.com/health/pure-water-business-generates-n7bn-daily-nafdac/

Na coins? This is from 2012, I bet it's closer to #12billion today. At #180 to $1, we get $67million per day! Which is about $24 billion annually. Just pure water alone. The same pure water our elites like to ridicule. This is in the ballpark of the official budget from oil. Granted these numbers are my estimates, but do your own calculation, and you'll see they give an idea of the scale of the Nigerian economy.

If the government was serious, they should start making pure water, poff poff, and boli. They'd make more money than they're making from oil. I'm telling you.

Nobody - certainly not some "economist" in New York or London, or even the "hungry masses on the streets of Lagos" - really understands the scale and diversity of the Nigerian economy. We need to stop the self-abuse, stop taking oyinbo opinions as facts, and be more objective about Nigeria.

I commend our statistician-general and his staff on their work so far, and I await more revisions as promised.

When one says average or common Nigerians are living in (abject) poverty, I always willing to object. Majority of southern Nigerians are not poor. They live above all indices for measuring poverty.

It is only who wants to be poor are poor- I mean when you have poor mentality. You will remain poor.
As an Igbo boy, many of us are rich even among formally uneducated ones. It is very easy to do business in Nigeria if one has imaginations. The most difficult place to do business or break even is in Silicon Valley not in Nigeria.

Sitting down and press phones would only make one frustrated. Many people here in Nigeria are making millions everyday why frustrated ones are pressing phones and blame their parents, neighbours, administration, Gej , Buhari etc etc.

In the midst of war, people are still making money. Stop blaming system.

You can but there is a prize to pay ie your imaginations

GOODLUCK should take it easy.

The way he is developing Nigeria is too fast for people without certificate to understand..

nigeria,the apple of my eye.carry go,carry go,,,up up to victory.

soon they will be saying "Nigeria will surpass UK in 2020"