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Nairaland Forum / Nairaland / General / Politics / Nigeria To Replace South Africa In G20 As Economy Grows (17955 Views)
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Re: Nigeria To Replace South Africa In G20 As Economy Grows by Emytexboy(m): 9:10am On Sep 12, 2013 |
nigeria will soon become history. Lol |
Re: Nigeria To Replace South Africa In G20 As Economy Grows by Emytexboy(m): 9:13am On Sep 12, 2013 |
musiwa1j: that person lack the knowledge of nigeria. nigeria dont care to be part of G20. all they want is to break up nigeria. tell them my dear |
Re: Nigeria To Replace South Africa In G20 As Economy Grows by Emytexboy(m): 9:15am On Sep 12, 2013 |
Shine It: Hater's are gonna hate. rapperchologist.Lol |
Re: Nigeria To Replace South Africa In G20 As Economy Grows by Mavor: 9:19am On Sep 12, 2013 |
All this is rubbish. Can someone tell me how the life of the common man is being bettered? Only the top 1% and those in government are reaping the benefits of this so-called "expanding" economy. Since PDP came into power in 1999, the gap between the rich and the poor is bigger than ever and the Nigerian middle class is very weak in terms of purchasing power. 1 Like |
Re: Nigeria To Replace South Africa In G20 As Economy Grows by skykenny: 9:21am On Sep 12, 2013 |
I hv always believed in nig. Hw I wish dat we had an enlightened president lyk gej all dis 35yrs we wasted in d hands of northern mmeee...God is with us!!! |
Re: Nigeria To Replace South Africa In G20 As Economy Grows by ddeola: 9:31am On Sep 12, 2013 |
So do U think SA will remain d same while Naija is improving. Stop this joke ! 1 Like |
Re: Nigeria To Replace South Africa In G20 As Economy Grows by PastorKun(m): 9:45am On Sep 12, 2013 |
The size of the Nigerian economy may actually currently be bigger than that of South Africa and this could be established as early as next year when our GDP would be rebased by then and the true size of our economy would be determined. This is because going by the current criteria used to measure our GDP a lot of things are not being captured thus the current figures for our GDP do not reflect the real size of our economy. That said, even if our GDP is established to be bigger than South Africa's they still remain a far more developed country than us in real terms. Also the size of the GDP of a country[or even per capita income] is an outdated way of determining the level of development of a country. What is currently used is what we call Human Development Index[HDI] which attempts to measure the overall quality of life of the people using various criteria. Using HDI South Africa still stands heads and shoulders ahead of Nigeria. 1 Like |
Re: Nigeria To Replace South Africa In G20 As Economy Grows by Pancho01(m): 9:48am On Sep 12, 2013 |
chinziaski: We Nigerians are the cause of our problems. We are in Nigeria and we are seeing the day-to-day activities of our country. |
Re: Nigeria To Replace South Africa In G20 As Economy Grows by Pancho01(m): 9:50am On Sep 12, 2013 |
chinziaski: We Nigerians are the cause of our problems. We are in Nigeria and we are seeing the day-to-day activities of our country. |
Re: Nigeria To Replace South Africa In G20 As Economy Grows by legalcode(m): 9:56am On Sep 12, 2013 |
and they say GEJ is not working.... |
Re: Nigeria To Replace South Africa In G20 As Economy Grows by agrovick(m): 10:19am On Sep 12, 2013 |
My brother GDP growth doesnt necessarily mean reduction in poverty Rossikk: ^^The higher the rate of GDP growth, the quicker the reduction in poverty. |
Re: Nigeria To Replace South Africa In G20 As Economy Grows by solomon111(m): 10:29am On Sep 12, 2013 |
I hate threads like this. Yes,it is inevitable that we will overtake SA in GDP sooner rather than later.. But given the fact that we have more than twice the southafrican population,our GDP will have to grow close to twice the Southafrican GDP to actually match the development of southafrica. So yes,we will overtake SA very soon,but i don't think it will mean that we will overtake SA's level of development anytime soon. |
Re: Nigeria To Replace South Africa In G20 As Economy Grows by pbling: 10:29am On Sep 12, 2013 |
south shd stay cos 9ja gat notin 2 offer,9ja is in ds array |
Re: Nigeria To Replace South Africa In G20 As Economy Grows by Nobody: 10:32am On Sep 12, 2013 |
Pastor Kun: The size of the Nigerian economy may actually currently be bigger than that of South Africa and this could be established as early as next year when our GDP would be rebased by then and the true size of our economy would be determined. This is because going by the current criteria used to measure our GDP a lot of things are not being captured thus the current figures for our GDP do not reflect the real size of our economy. Well put. |
Re: Nigeria To Replace South Africa In G20 As Economy Grows by Nobody: 10:37am On Sep 12, 2013 |
Re: Nigeria To Replace South Africa In G20 As Economy Grows by cannonnier(m): 10:59am On Sep 12, 2013 |
economist theories are seldom true. |
Re: Nigeria To Replace South Africa In G20 As Economy Grows by RedLight1: 11:03am On Sep 12, 2013 |
Rossikk:lmao This is murder |
Re: Nigeria To Replace South Africa In G20 As Economy Grows by solomon111(m): 11:07am On Sep 12, 2013 |
HNosegbe:Many of the scandinavian countries have higher HDI than USA,CHINA,JAPAN. Are you saying those scandinavian countries are more developed? |
Re: Nigeria To Replace South Africa In G20 As Economy Grows by TechyGuy: 11:11am On Sep 12, 2013 |
When some people talk, you will know they know little or nothing. America, China, Europe and UK, Japan etc all have homeless, jobless, destitutes, poor in the streets. The good thing when economy grows is that opportunities abound, the middle class is strengthened and more leave the lower class to the middle and the middle to the upper class. The poor and common you will always have with you. |
Re: Nigeria To Replace South Africa In G20 As Economy Grows by taharqa: 11:12am On Sep 12, 2013 |
Pastor Kun: The size of the Nigerian economy may actually currently be bigger than that of South Africa and this could be established as early as next year when our GDP would be rebased by then and the true size of our economy would be determined. This is because going by the current criteria used to measure our GDP a lot of things are not being captured thus the current figures for our GDP do not reflect the real size of our economy.Using HDI, small Luxemborg would be way ahead of China!! 1 Like |
Re: Nigeria To Replace South Africa In G20 As Economy Grows by taharqa: 11:18am On Sep 12, 2013 |
solomon111: I hate threads like this.Yea. You are right. But you guys forget smtin else: even if it wud take a much longa time to catch up with SA in terms of certain Development Index, our much faster growth means much more OPPORTUNITIES. And Opportunities means many newer POSSIBILITIES. Opportunities and Possibities cannot be easily quantifiable. Thats what Investors, Local and Foreign, see. Thats what is causing this much Excitement.. |
Re: Nigeria To Replace South Africa In G20 As Economy Grows by PastorKun(m): 11:22am On Sep 12, 2013 |
solomon111: Many of the scandinavian countries have higher HDI than USA,CHINA,JAPAN. At the end of the day, the economy is about people. The HDI measures the quality of lives of people in a given country and not how big or developed the country is. Fact is the scandinavian people have the highest quality of life in the world ahead of countries with much larger economies. |
Re: Nigeria To Replace South Africa In G20 As Economy Grows by Nobody: 11:25am On Sep 12, 2013 |
The major thing we need to do, is fix the power sector. Once we fix power, nigeria will witness economic development not just economic growth, then we can aspire for G20, G15, G10 even if na G2, we go enter. 2 Likes |
Re: Nigeria To Replace South Africa In G20 As Economy Grows by Nobody: 11:27am On Sep 12, 2013 |
taharqa: Using HDI, small Luxemborg would be way ahead of China!!funny but true. |
Re: Nigeria To Replace South Africa In G20 As Economy Grows by Horus(m): 11:34am On Sep 12, 2013 |
https://www.youtube.com/watch?v=0jPTYltq8qI [size=15pt]Why Nigeria's GDP Growth Doesn't Translate To Improved Living[/size] |
Re: Nigeria To Replace South Africa In G20 As Economy Grows by Nobody: 11:38am On Sep 12, 2013 |
Nigeria Closes Gap On South Africa’s Investment Lead. www.nairaland.com/1434005/nigeria-closes-gap-south-africa Anyways SA is still seeing more real development happening than Nigeria. roads and rail expansion, port, manufacturing, ict, doubling power production in 15 years and soon to be oil and gas producer. 1 Like |
Re: Nigeria To Replace South Africa In G20 As Economy Grows by solomon111(m): 11:43am On Sep 12, 2013 |
zetdee: Nigeria Closes Gap On South Africa’sI don't think SA is seeing more real development than Nigeria as it is. Nigeria currently has the fasting growing construction industry in the world and that's just one of the numerous indices. |
Re: Nigeria To Replace South Africa In G20 As Economy Grows by Nobody: 11:46am On Sep 12, 2013 |
Too many assumptions. Anything can happen in nine yrs |
Re: Nigeria To Replace South Africa In G20 As Economy Grows by Lamasta(m): 11:50am On Sep 12, 2013 |
What more can I say than to say LORD answer my PRAYER cos I don't really give a damn whether they join or not my own is to make it so that when they eventually join contracts will knock at my door........ |
Re: Nigeria To Replace South Africa In G20 As Economy Grows by Nobody: 12:01pm On Sep 12, 2013 |
www.nairaland.com/1434005/nigeria-closes-gap-south-africa zetdee: WHILE South Africa remains the most attractive corporate investment destination in Africa, Nigeria is nipping at its heels and may overtake it as soon as next year, according to a new survey. 1 Like |
Re: Nigeria To Replace South Africa In G20 As Economy Grows by Nobody: 12:05pm On Sep 12, 2013 |
solomon111: I don't think SA is seeing more real development than Nigeria as it is. Go to skyscraper city. Here in this page thread from pg 6 onwards you can see some of the major infrastructure projects. www.nairaland.com/1225842/nigerias-economy-set-overtake-south-africas/6 |
Re: Nigeria To Replace South Africa In G20 As Economy Grows by Keneeby(m): 12:42pm On Sep 12, 2013 |
telim: we dont want G20 b'cause it will not reduce the prize of gari all we want is permanent member in united nation, These will allow us to not only confuse nigerians but the world entirely. G20 ko G99 ni. SMH and leg.What am thinking is dat some ppl were just born to eat garri. U r one of dem. If u dnt understand economic terms plz dnt comment. Plz get bk to school. God bless u. 2 Likes |
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