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Nigeria's Economy Set To Overtake South-Africa's In Two Years - Politics (10) - Nairaland

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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 Nobody: 11:44am On Jul 26, 2013
AwodwaGyanOniwe: @Nadia
Sithi abo sisi, DOMINANCE grin grin grin ;DOMINANCE grin grin grin grin grin wink wink
Yebow ke!!! KunjaloW...
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by AwodwaGyanOniwe: 2:09pm On Jul 26, 2013
@Nadia SA
SA DOMINANCE SPREADING ALL OVER THE WORLD grin grin grin grin grin grin
CASTLE LAGER SOUTH AFRICAN BRAND MAKES HISTORY BY SPONSORING FC BARCELONA OF SPAIN.
SOUTH AFRICA IS TAKING OVER THE WORLD LIKE "BRITAIN OF OLD". grin grin grin grin grin grin shocked shocked shocked shocked :oTiny Britain controlled 40% of the world.
grin grin grin grin grin

http://www.fcbarcelona.com/club/detail/article/fc-barcelona-and-castle-sign-an-historic-partnership
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by pinnochio(m): 8:48pm On Dec 04, 2013
SA dey try.

South African houses are relatively cheaper than Nigerian houses equal size and quality.

http://www.trupals.com/
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by AwodwaGyanOniwe: 8:29am On Dec 05, 2013
FUNNIEST JOKE OF THE YEAR 2013. How can Naaigeria have nice houses when they have levels of POVERTY, BAD ROADS, POOR ELECTRICITY etc...
Mr Mbeki was right Naaigerians are good at FOOLING themselves.
grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin
POVERTY MAP NIGERIA. Note: the pic is the same when we talk ILLITERACY. grin grin grin grin grin The DARK RED,LIGHT RED, GREEN,BLUE are the most ILLITERATE areas of Naaigeria.

pinnochio: SA dey try.

South African houses are relatively cheaper than Nigerian houses equal size and quality.

http://www.trupals.com/

Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by oderemo(m): 8:31am On Dec 05, 2013
pinnochio: SA dey try.

South African houses are relatively cheaper than Nigerian houses equal size and quality.

http://www.trupals.com/
Fact.
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by AwodwaGyanOniwe: 8:33am On Dec 05, 2013
grin grin grin grin grin grin grin grin grin grin
Woolworths saw it all oo in Naaigeria. Their middle class stats were exagarated in reality its small grin grin grin grin grin grin
In reality AFRICA SOUTH OF EQUATOR HAS MORE MIDDLE CLASS THAN ELSE WHERE IN SUB SAHARA AFRICA.

Botswana in "BLUE TOPS" . Theyr BATSWANAS LIKE THE BATSWANA OF NORTH WEST SOUTH AFRICA. Also rich live in PLATINUM RICH NORTH WEST (80% OF PLATINUM IS OF THE WORLD HERE). grin grin grin grin PLATINUM IS VALUE HIGHER THAN "GOLD". FACT. cheesy cheesy cheesy grin grin grin grin Hence in SA and Botswana "GOLD RINGS ARE OUT OF FASHION AND CHEAP, PLATINUM HAS TAKEN OVER". grin grin grin

Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by AwodwaGyanOniwe: 8:36am On Dec 05, 2013
kwame tut: SOUTH AFRICA IS IN THE SAME LEVEL WITH "NORTH AFRICA ARAB STATES IN MANY THINGS".
THIS TREND OF S.A. AND NORTH AFRICA TOPPING AFRICA IN HDI INDEX WILL CONTINUE UNTIL YEAR 2300 TILL JESUS COMES BACK. grin grin grin

Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by AwodwaGyanOniwe: 8:37am On Dec 05, 2013
SOUTH AFRICANS AND NORTH AFRICANS WILL CONTINUE ENJOYING "BEST LIFE" AS SEEN ON THE GRAPH ABOVE BY UN FROM 2013 TO 2300 ONWARDS.

Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by AwodwaGyanOniwe: 8:39am On Dec 05, 2013
WE KNOW EVEN IF YA'LL REBASE WILL FALL SHORT. Something you dummies don't know. grin grin grin grin grin

kwame tut: grin grin grin grin grin grin grin
"Celebrating GDP is a CHEAP AND STU-PID ACT. GDP doesn't measure HDI Index, Good Health,Good education,Good services for citizens, Good infrustructure etc..." QUOTED: GOLDMAN SACHS. grin grin grin grin grin grin grin grin grin grin grin grin grin grin

Despite Naaigerias GDP the problems listed above by GOLDMAN SACHS still stand. Good example is their president who is in UK for MEDICATION. grin grin grin grin

Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by AwodwaGyanOniwe: 8:42am On Dec 05, 2013
kwame tut: grin grin grin grin grin grin
SA's government servants earn WORLD CLASS SALARIES (teachers,nurses,police,doctors,traffics etc..). Hence they can afford to send their kids to best schools and live in suburbs, buy good cars.


In sports SA PSL soccer pays the HIGHEST SALARIES IN AFRICA. PSL League slaries for top players are higher than salaries in Eastern Europe and other parts of north western europe.

PSL LEAGUE SALARIES
1. TOP PLAYERS
=R200 000-RR600 000 Per month. excluding bonuses for wins/CUPS.
2. EXPERIENCED PLAYERS
=R100 000-R190 000. excluding bonuses for wins/CUPS.
3. AVERAGE PLAYERS PLAYERS
=R50 000-R100 000

4. NEW PLAYERS (Promoted from developemnt) PLAYERS
=R20 000-R40 000

This system is the same in other sporting codes like RUGBY, CRICKET AND BOXING.

While Naaigerians have to GO OVERSEAS TO MAKE BIG MONEY.


grin grin grin grin grin

Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by AwodwaGyanOniwe: 8:43am On Dec 05, 2013
NIGERIA IS THE SHIT PLACE TO GIVE BIRTH IN. FACT. grin grin grin grin

Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by AwodwaGyanOniwe: 8:46am On Dec 05, 2013
CITIES WITH STRONG PROSPERITY PROSPECTS. grin grin grin

Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by AwodwaGyanOniwe: 8:47am On Dec 05, 2013
CITIES WITH "WEAK" PROSPERITY PROSPECTS. grin grin grin

Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by AwodwaGyanOniwe: 8:52am On Dec 05, 2013
[b]THE TRUTH. grin grin grin grin grin grin grin

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. grin grin grin grin grin

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 cry cry cry cry cry

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 6.1% 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: 8:59am On Dec 05, 2013
Over 100million Naaigerians SHIT OUTSIDE. grin grin grin grin grin grin

by Rachel Ogbu

The United Nations ranked Nigeria among top five countries in the world with the largest number of people defecating in the open. It says over 100 million Nigerians have no access to sanitation facilities.
grin grin grin grin grin grin grin grin grin grin grin grin

https://www.nairaland.com/1522869/today-world-toilet-day-100m
http://www.vanguardngr.com/2013/10/open-defecation-bauchi-community-unicef-rescue/

Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by AwodwaGyanOniwe: 9:16am On Dec 05, 2013
grin grin grin
North Africa and Southern Africa will continue ENJOYING GOOD LIFE.

GDP per Capitas grin grin grin shocked shocked shocked

Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by kwametut: 7:51am On Dec 17, 2013
kiss kiss kiss kiss grin grin grin
Clarity for those who are trapped in GDP nonsence. GDP doesn't measure HDI Index, health, infrustructure and others. Hence GOLDMANS SACHS says GDP system is an outdated system of measuring "PROGRESS". SOUTH AFRICA IS 100 YEARS AHEAD OF NIGERIA INFRUSTRUCTURE, ELECTRICITY SUPPLY AND MANY THINGS. FACT NOT WISHY WASHY. PLEASE READ BELOW. grin grin grin grin grin

[b]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 cry cry cry cry cry

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][/b]

Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by docsholz(m): 8:26am On Dec 17, 2013
Don't worry Mr kwame tut Nigeria will soon break up, left alone the southwest would have achieved a higher level of development
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by kwametut: 2:10pm On Dec 18, 2013
people tend to ignore this one. MEASURING HEAD BY HEAD. grin grin grin

Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by kwametut: 11:31am On Dec 21, 2013
grin grin grin grin grin grin
MONEY PAPER. grin grin grin grin

Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by kwametut: 11:32am On Dec 21, 2013
grin grin grin grin grin grin grin

Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by Olaomoolopa: 11:40pm On Aug 13, 2017
Bros pls can u help me out I got a msg from then that I should go through the home lesson page before I can answer the question that followed but I can't open the link can I add u up on whatsapp or reach me on 08187024798 mail address oladimejilasisi@gmail.com
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by MrSly(m): 11:49pm On Aug 13, 2017
JuanDeDios:
Nigeria is likely to take South Africa’s position as the continent’s largest economy within two years, a Reuters poll found on Thursday. Nigeria’s gross domestic product will receive an enormous boost when it is rebased later this year to more accurately reflect changes in the economy over the last two decades. The GDP base in use is from 1990 and fails to capture the technology and telecoms sectors which have emerged since then. The much-delayed rebasing could add up to 50% to Nigeria’s economy, giving it a nominal GDP of around $375bn which is almost the size of South Africa’s.

Strong domestic demand and high levels of agriculture and services activity will see it clinch the title of Africa’s biggest economy within a couple years if current growth rates are maintained. High unemployment and a slowdown in the euro zone, South Africa’s main trading partner, make it vulnerable to losing its number one spot. It is set to grow at just 2.6% this year. It must be noted, however, that while being number one in the continent may boost Nigeria’s profile, South Africa still enjoys a better GDP-per-capita ratio compared to Nigeria, and therefore a slightly better standard of living.

For more:
http://www.234globe.com/story/198/Economy%3A+Nigeria+Set+to+Overtake+South+Africa.html
Promise heaven and earth. 2019 you and your promises will be dumped. APC my ass.
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by JuanDeDios: 9:29pm On Sep 25, 2017
MrSly:

Promise heaven and earth. 2019 you and your promises will be dumped. APC my ass.
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by Nobody: 3:55pm On Aug 24, 2019
JuanDeDios:
Nigeria is likely to take South Africa’s position as the continent’s largest economy within two years, a Reuters poll found on Thursday. Nigeria’s gross domestic product will receive an enormous boost when it is rebased later this year to more accurately reflect changes in the economy over the last two decades. The GDP base in use is from 1990 and fails to capture the technology and telecoms sectors which have emerged since then. The much-delayed rebasing could add up to 50% to Nigeria’s economy, giving it a nominal GDP of around $375bn which is almost the size of South Africa’s.

Strong domestic demand and high levels of agriculture and services activity will see it clinch the title of Africa’s biggest economy within a couple years if current growth rates are maintained. High unemployment and a slowdown in the euro zone, South Africa’s main trading partner, make it vulnerable to losing its number one spot. It is set to grow at just 2.6% this year. It must be noted, however, that while being number one in the continent may boost Nigeria’s profile, South Africa still enjoys a better GDP-per-capita ratio compared to Nigeria, and therefore a slightly better standard of living.

For more:
http://www.234globe.com/story/198/Economy%3A+Nigeria+Set+to+Overtake+South+Africa.html

Nice post. Did the economy succeed in overtaking SA? Or has someone brought it backward? I'm asking for a friend. He wants to use the answer fry chicken.
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by kurupt1: 4:07pm On Aug 24, 2019
[quote author=iClef post=81566934]

Nice post. Did the economy succeed in overtaking SA? Or has someone brought it backward? I'm asking for a friend. He wants to use the answer fry chicken.[/quot
e] well....Don't expect Nigeria to overtake S.A with Buhari calling the shots?
Re: Nigeria's Economy Set To Overtake South-Africa's In Two Years by Nobody: 4:40pm On Aug 24, 2019
kurupt1:
...
I was thinking with Buhari corruption will be killed, fuel will be cheap, and 1 Naira will be $1. I hope he will still achieve them before he leaves office or is he still blaming it on Jonathan?

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