Few more

MutantMetahuman:
[s][/s]k
Trolling boss

You just don't understand Shymex..he is as yoruba as you are or even more but he is just not pleased to see where Ibadan is in the league of states in this 21st century.Even Lagos should be gasping to catch up with the former regional capital of the West if the Awolowo masterplan had been vigorously pursued but the dearth of good leadership had almost strangled the positive potential of the state...

Ritchiee:


You just don't understand Shymex..he is as yoruba as you are or even more but he is just not pleased to see where Ibadan is in the league of states in this 21st century.Even Lagos should be gasping to catch up with the former regional capital of the West if the Awolowo masterplan had been vigorously pursued but the dearth of good leadership had almost strangled the positive potential of the state...

yes we know... Ibadan supposed to be ahead of Lagos by now if it continued with the tempo of development it started with..

But things have really changed in the last 15-20 years.. saying ibadan is an embarrassment to yoruba like that psychotic troll said shows he is just an ignorant douchebag that doesn't deserve a minute of attention..

You can only understand if you are here.

MutantMetahuman:
yes we know... Ibadan supposed to be ahead of Lagos by now if it continued with the tempo of development it started with..

But things have really changed in the last 15-20 years.. saying ibadan is an embarrassment to yoruba like that psychotic troll said shows he is just an ignorant douchebag that doesn't deserve a minute of attention..

You can only understand if you are here.

You are both right and passionate about the develpoment of Ibadan but on alternate pedestal...

Ritchiee:


You are both right and passionate about the develpoment of Ibadan but on alternate pedestal...

naaaaa.. We are totally on different level.

DropShot:
Happy my Ibadan made it. I pray and hope it fulfills its enormous potentials.

You're celebrating backwardness.Look at the 2nd graph and see Ibadan's population grew 60% while incomes only grew about 5% meaning more poverty,more slums,more inequalities and more crime in Ibadan.

Meanwhile a city like Nairobi saw its income grow far above its population increase- thats the kind of growth thats worth celebrating.

Can't believe I missed this thread. Well, now I'm here, time to reset some people's brain

I don't really know where euromonitor lady is getting her stats from, she must be pulling them all from thin air.

How exactly is Ibadan growing faster than Eastern cities, what criteria did she use to arrive at this bogus claim?

She must be smoking kwale weed.

Meanwhile, here is a list of resilient cities all over the world, only Enugu made it in Nigeria! Now how cool is that?

http://www.100resilientcities.org/cities

Moreover the euromonitor was talking about fastest growing cities in terms of consumer spending, not necessary fastest growing in terms of infrastructures or better city standards, yet Brown roofers turned it on its head to read it as fastest growing, without stating that it's about fastest growing in consumers spending power and nothing more. Is this how desperate these people are? And to make it worst, they started dragging SE into their mediocrity

But even at that, does Ibadan as city have higher consumer spending power than Eastern cities like Onitsha, Enugu, and Aba?

Well, one way of looking at the consumer spending power is looking at the rate of cash flow in the system, and in this regard, Oyo the state Ibadan is found in trails behind Anambra- Onitsha and Enugu- Enugu, so pray tell, how exactly did this euromonitor woman manufacture her stats that these Yorubas are jumping and tripping over?

NATIONAL BUREAU OF STATISTICS 2010-2015BANK CREDIT AND DEPOSIT BY STATES IN NIGERIABank credit/deposit in each state may be used as an indicator of the level of activity and well being of operators (households and businesses) in a particular state as it shows what residents are borrowing and the amount deposit in banks
http://www.nigerianstat.gov.ng/report/384

Bank Deposit by states in Nigeria

From the report bank deposit by states in Southeast from 2010-2015

Bank deposit in Anambra state #1'844'434.75
Bank Credit # 258'716.37
Balance #1'585'718.38

Bank deposit in Enugu #1'651'741.09
Bank credit #370'012.75
Balance #1'281'728.59

Bank deposit in Imo # 936'606.57
bank credit #218'853.32
Balance #717'753.35

Bank deposit in Abia from #1'031'355.42
bank credit #391'675.25
Balance 639'580.17

Bank deposit in Ebonyi #330'841.52
bank credit #93'627.5
balance 237'214.02

Southeast total balance from 2010-2015 #4'461'997.51


From the report bank deposit by states in Southwest from 2010-2015 excluding nation commercial center

Bank deposit in Oyo #1'617'678.48
bank credit #598'298.6
Balance #1'019'379.88

Bank deposit in Ogun #1'204'873.59
bank credit # 558'073.3
Balance # 649'800.29

Bank deposit in Ondo #821'901.84
credit #306'621.05
Balance #515'280.79

Bank deposit in Osun #648'726.72
credit #417'073.72
Balance #231'653.05

Bank deposit in Ekiti #301'136.23
credit #123,254.46
Balance #177,881.77

South west total balance from 2010-2015 #2'593'995.78

How exactly can Ibadan have more consumer spending power than Enugu and Onitsha, when both cities have more money flowing in them than Ibadan, even though they both have lesser populations?

The woman that made the Euromonitor analysis needs a brain transplant Surgery ASAP.

NewsPoacher:
http://blog.euromonitor.com/2016/08/top-10-sub-saharan-cities-consumer-spending-growth-2030.html


An extensive overview of 24 first- and second-tier cities in Cameroon, Kenya, Nigeria and South Africa in a recently published white paper reveals particularly dynamic growth shifting from the region’s mature consumer markets in South African metropolises to the urban areas in other Sub-Saharan countries. Indeed, out of the top 10 fastest growing cities in the region for consumer spending in 2015-2030, only two come from South Africa. Soaring population growth and improving purchasing power will strengthen the consumer market potential in the cities across the region.

TOP 10 FASTEST GROWING SUB-SAHARAN CITIES FOR CONSUMER SPENDING IN 2015-2030



Source: Euromonitor International

Note: The size of the bubble represents total consumer expenditure in a city in 2030 (in US$ bn).

POPULATION EXPANSION AND INCOME GROWTH DRIVE CONSUMER SPENDING IN SUB-SAHARAN CITIES

South Africa’s cities, i.e. Johannesburg and Pretoria, will remain the region’s heavyweights in consumer expenditure in 2030. South Africa has been a long-term favourite entry point into the region for many multinational companies, and so the country’s flagship cities have over time developed consumer markets of a relatively extensive depth and breadth. However, the market saturation of Johannesburg and Pretoria is evident and greatly contrasts with the dynamism of Nairobi, Abuja, Yaoundé and Douala. Second-tier cities in countries such as Kenya are picking up an especially impressive growth momentum.

Population surge is a predominant driver of the consumer spending boom in the top 10 cities under review. In fact, Sub-Saharan Africa is projected to see the highest increase in the urban population among the developing regions globally from 2015 to 2030 (+74% or 268 million). Another important boost to the Sub-Saharan cities’ consumer markets is that the region’s urban households are growing richer. Indeed, in Kenya’s leading cities of Nairobi and Mombasa, improving purchasing power of households is forecast to be a prevailing factor behind soaring consumer spending in them.

POPULATION EXPANSION AND INCOME GROWTH STAND BEHIND A CONSUMER BOOM IN SUB-SAHARAN CITIES



Source: Euromonitor International

WHERE WILL A RISING CONSUMER CLASS IN SUB-SAHARAN CITIES CHANNEL ITS SPENDING?

Reflecting the population surge, consumer expenditure in the top 10 Sub-Saharan cities under review (with the exception of Johannesburg and Pretoria) will still be largely allocated to basic necessities such as food and non-alcoholic drinks. In fact, as of 2030, the share in total city consumer spending captured by food will range from a third in Nairobi to more than half in Nigerian cities: Abuja, Ibadan and Port Harcourt. However, in line with growing household incomes, the proportion that food occupies in consumer expenditure will decrease in the top 10 Sub-Saharan cities under review by 2030, leaving more room for spending on discretionary items. Consumer categories such as transport, household goods and services, health goods and medical services, as well as hotels and catering will be particularly thriving in the top 10 Sub-Saharan cities under review by 2030.

Iryna Sychyk is a City Analyst at Euromonitor International, contributing to analysis of industrial, economic and urban developments since 2011. Iryna draws on educational experiences at universities in Lithuania, the UK and Belgium and holds a Master's degree in Business Administration from KU Leuven (Belgium). Her professional background involves industry and urban economic analysis as well as logistics.


http://blog.euromonitor.com/2016/08/top-10-sub-saharan-cities-consumer-spending-growth-2030.html

Nigeria is finished , if anyone notice the 3 cities in Kenya now have a faster growth rate in expenditure than Nigeria some people still busy mentioning igbos as if that is where the issue stops

pazienza:
How exactly can Ibadan have more consumer spending power than Enugu and Onitsha, when both cities have more money flowing in them than Ibadan, even though they both have lesser populations?

The woman that made the Euromonitor analysis needs a brain transplant Surgery ASAP.

Spending in this case is likely spending via electronic means which might have been monitored via south west bank or even a monitoring agent in the mentioned cities as against the raw cash spending which the Lagos , Abuja Port Harcout, Kano, Onitsha and Aba top according to the CBN

asorocker:


Spending in this case is likely spending via electronic means which might have been monitored via south west bank or even a monitoring agent in the mentioned cities as against the raw cash spending which the Lagos , Abuja Port Harcout, Kano, Onitsha and Aba top according to the CBN

Whatever means they employed in their assessment, fact still remains that both Enugu and Anambra states have more spending power than Oyo state, even though they have lesser population than Oyo, which even makes their feat more impressive.

The report is flawed in every way you look at it, and cannot be taken serious.