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The 15 Fastest Growing Economies In Africa 2016 — IMF - Business (3) - Nairaland

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Re: The 15 Fastest Growing Economies In Africa 2016 — IMF by Omeny: 3:45pm On Apr 26, 2016
DropShot:
[s][/s] Forget paper growth!
Oh, we should forget paper work now abi?
Ok!

I hear u!

1 Like

Re: The 15 Fastest Growing Economies In Africa 2016 — IMF by Chukazu: 3:45pm On Apr 26, 2016
indeed there's a big difference between integrity and competence.

buhari came to power on the mantra of honesty and integrity, based on his previous performance in fighting corruption as a military leader but most of us never bothered to check his competence and ability to steer our economy.

we have Ibe KACHUHWU who seemed totally lost as to having a clear idea In solving our fuel scarcity. the same man that was a newspaper columnist on petroleum industry, suddenly is bereft of ideas, now we know that TALK IS CHEAP.

the same manner, FASHOLA has suddenly become clueless regarding power efficiency as we keep taking one step forward and two backward.

they have 3 more years to either impress or wobble out

2 Likes

Re: The 15 Fastest Growing Economies In Africa 2016 — IMF by Ghost447(m): 3:45pm On Apr 26, 2016
Juxtified:


Our politics especially as youths has to go beyond Buhari vs GEJ, APC vs PDP, north vs south, etc. it is one of the shackles dragging us back as a nation.

On the issue of the IMF list, I still maintain it smells fishy. We all know the IMF a strong political tool of the US, and along with the World Bank, a major way it (the US) controls its puppet nations. Only few would fail to note the stark coincidence between the timing of this list and the refusal of the present administration to dance to their tunes just a few months ago.
As in, do you really mean to tell me that you believe Nigeria is not one of the top 5 fastest growing economies in Africa at present, not to talk of a Top 15 list?
Be that as it may, can you also contradict the gloomy realities we have been constrained to embrace just now.

1 Like

Re: The 15 Fastest Growing Economies In Africa 2016 — IMF by donvicky2007: 3:48pm On Apr 26, 2016
IMF is laying out strategies for Nigeria to devalue her currency. Even if we devalued our currency there is no hope that our currency will appreciate greatly aganist the US dollar even if the oil price hits $100 per barrel in the near future.
Who devaluation has help since 1985
#SAY NO TO IMF*

1 Like

Re: The 15 Fastest Growing Economies In Africa 2016 — IMF by isnovic(m): 3:50pm On Apr 26, 2016
It took him just 11months to go from 7.3 to less that 2.4 growth forecast.

It took him 11 months of uncertainty to reduce us from number one to no where near the first 50.

It took 11 months to destroy what was built in a little over 5years by GEJ.

imagine where we will be economically after 4 years.

If the past is a pointer to the future,
If indeed statistics do not tell lies
If indeed GEJ is clueless,

then am afraid we need a messiah now to at least get us out of this quagmire by PMB and his Bands of Politicians.

2 Likes

Re: The 15 Fastest Growing Economies In Africa 2016 — IMF by speak2me2015: 3:58pm On Apr 26, 2016
This list is inconclusive. There should be a rerun.
....its like PDP rigged it ;DThis list is inconclusive. There should be a rerun.
....its like PDP rigged it
Re: The 15 Fastest Growing Economies In Africa 2016 — IMF by Bluffly: 3:58pm On Apr 26, 2016
Thank you IMF for the cajoling attempt.
Re: The 15 Fastest Growing Economies In Africa 2016 — IMF by teadrake(m): 4:01pm On Apr 26, 2016
blueto:


And zombies said GEJ was Clueless

Now that Nigerian Economy is in an infuscated adversity under Buhari, what do you have to say?.
Was there any visible development under the projections of Africa biggest economy during the last administration aside IMF and World Bank Growth curve which had no massive impact on the masses?
Re: The 15 Fastest Growing Economies In Africa 2016 — IMF by isnovic(m): 4:01pm On Apr 26, 2016
It took him just 11months to go from 7.3 to less that 2.4 growth forecast.

It took him 11 months of uncertainty to reduce us from number one to no where near the first 50.

It took 11 months to destroy what was built in a little over 5years by GEJ.

imagine where we will be economically after 4 years.

If the past is a pointer to the future,
If indeed statistics do not tell lies
If indeed GEJ is clueless,

then am afraid we need a messiah now to at least get us out of this quagmire by PMB and his Bands of Politicians.

It is over 1 month of the Panama paper leak and still no casualty.

The Panama leak is like a rape exposed, the rapist must be punished and forfeit ill-gotten asset/wealth Simple.

2 Likes

Re: The 15 Fastest Growing Economies In Africa 2016 — IMF by vislabraye(m): 4:13pm On Apr 26, 2016
Juxtified:


Our politics especially as youths has to go beyond Buhari vs GEJ, APC vs PDP, north vs south, etc. it is one of the shackles dragging us back as a nation.

On the issue of the IMF list, I still maintain it smells fishy. We all know the IMF a strong political tool of the US, and along with the World Bank, a major way it (the US) controls its puppet nations. Only few would fail to note the stark coincidence between the timing of this list and the refusal of the present administration to dance to their tunes just a few months ago.
As in, do you really mean to tell me that you believe Nigeria is not one of the top 5 fastest growing economies in Africa at present, not to talk of a Top 15 list?

IMF is European, World Bank is influenced by America. But that aside, let us be sincere with ourselves and look inward and forget the West. Is Nigeria's economy growing at the moment ?
If Nigeria economy is growing, under what indices do you measure it ?
Libya under Gaddafi was not a puppet to the West but we could see their progress. No one needs to tell you they were prosperous. Let us stop being conspiracy theorists. Let this government do its homework well. Or is it not this same government that travels to tge West like wster.

2 Likes

Re: The 15 Fastest Growing Economies In Africa 2016 — IMF by deebsman1(m): 4:24pm On Apr 26, 2016
Did u comprehend what i wrote at all? I said even thou if we r gonna be borrowing, it won't be IMF cos with their persistence, it shows they have possibly an hidden agenda. Don't let your hatred of Buhari blinds you.
Gext22:
IMF does not want to borrow you money. All they are asking for is for buhari to stop his voodoo economics.
And yes, your economy is doing very poorly compared to other African countries.
When was the last time Nigeria got a major foreign investment? Or you think economic growth falls from the sky?
Re: The 15 Fastest Growing Economies In Africa 2016 — IMF by Saintp(m): 4:37pm On Apr 26, 2016
blueto:
Nigerians have suddenly turned to repiners under Buhari's dispensation.

See what Zombies have induced, Propagating clever lies to detract and discredit GEJ who was assiduous, proactive and working strenuously with the aid of God Almighty to transform Nigeria. But zombies brought a cessation to such auspicious administration and installed Buhari.

To hell with all these your GEJ, PMB nonsense. Do you think that in a seroius looking society, those 2 clowns will be fit for a LG chairman no to talk of being president? Ain't you guys tired of these nonsense?
Re: The 15 Fastest Growing Economies In Africa 2016 — IMF by longayink: 4:44pm On Apr 26, 2016
Lol.
Buhari is in charge in Nigeria.

Western countries have got what they wanted.

Nigeria was the fastest when Jonathan was president.

Western countries campaigned heavily for Buhari
Re: The 15 Fastest Growing Economies In Africa 2016 — IMF by ooshinibos: 4:47pm On Apr 26, 2016
blueto:


And zombies said GEJ was Clueless

Now that Nigerian Economy is in an infuscated adversity under Buhari, what do you have to say?.

I think he still clueless , GEJ was riding on the 36 billion dollars reserve the OBJ govt built , it was the after-effect that GEJ enjoyed , he spent 36 billion dollars reserve all by the end of his term ..now we are suffering for it ....
Rich people stay rich by living like they are broke . Broke people stay broke by living like they are rich . The Nigerian story and more
Re: The 15 Fastest Growing Economies In Africa 2016 — IMF by obailala(m): 4:47pm On Apr 26, 2016
A piece of information for all the Jonathanian daftos rejoicing over this obvious news, GEJ ensured he crashed Nigeria to 2.3% before handing over to Buhari and the image below reveals this.

However, overtaking is allowed, so we shall still rise again.

Re: The 15 Fastest Growing Economies In Africa 2016 — IMF by Tocheagle(m): 5:10pm On Apr 26, 2016
Only fools believe in an IMF list .
Re: The 15 Fastest Growing Economies In Africa 2016 — IMF by ipreach: 5:11pm On Apr 26, 2016
APC faithful how market with the CHANGE?
Re: The 15 Fastest Growing Economies In Africa 2016 — IMF by millhouse: 5:22pm On Apr 26, 2016
Chains
Re: The 15 Fastest Growing Economies In Africa 2016 — IMF by Mendelssohn(m): 6:13pm On Apr 26, 2016
Luckylife:
I wept for Nigerians!

Continue weeping and see if we can allow another party by 2035.
Re: The 15 Fastest Growing Economies In Africa 2016 — IMF by Arjeeni: 6:49pm On Apr 26, 2016
Wow i am glad that it wasnt too long to realize what IMF meant for Nigeria. When the whole world testify that we are on wrong track then we were rated fastest growing economy and now that we have all it takes to be world largest economy we are not even among 15 in Africa what a shame.
IMF cover your face in shame.
We dont want your rating AKUYA
Re: The 15 Fastest Growing Economies In Africa 2016 — IMF by Electroweb(m): 6:50pm On Apr 26, 2016
GoodSonOfGod:
Having enjoyed blissful growth over the past decade, Nigeria was one of the fastest growing economies in the world, but it is not one of the 15 fastest growing economies in Africa for 2016.

In 2014 and early 2015, Nigeria was named the third fastest growing economy in the world by CNNMoney, with China and Qatar, taking the lead at 7.3 percent, 7.1 percent gross domestic product (GDP) growth.

Following the 2015 election uncertainty, crash in crude oil price, and prolonged revelation of policy direction by the newly-inaugurated Muhammadu Buhari-led government, Nigeria’s GDP for 2015 crashed to 2.8 percent.

For 2016, however, the coast is cloudy, and Nigeria is nowhere near the fastest growing economies in Africa.

According to the International Monetary Funds (IMF) World Economic Outlook for 2016, as revised in April, the fastest growing economy in Africa for 2016 is Cote d’Ivoire and the slowest is Chad, which is expected to record negative growth.

Cote d’Ivoire is expected to experience an 8.5 percent rise in GDP, while Nigeria’s neighbour, Chad, would see a -0.4 percent growth.
Africa’s Fastest
Country Projected Growth Rank
Cote d’Ivore 8.5% 1
Tanzania 6.9% 2
Senegal 6.6% 3
Djibouti 6.5% 4
Rwanda 6.3% 5
Kenya 6.3% 6
Mozambique 6.0% 7
CAR 5.7% 8
Sierra Leone 5.3% 9
Uganda 5.3% 10
Source: IMF

Cote D’Ivoire (8.5%), Tanzania (6.9%), Senegal (6.6%), Djibouti (6.5%), Rwanda (6.3%), Kenya (6.0%), Mozambique (6.0%),

Central African Republic (5.7%), Sierra Leone (5.3%) Uganda (5.3%).

Madagascar, Zambia and Chad are expected to see a growth of 4.1 percent, 3.4 percent, 3.2 percent respectively.

The fastest growing economies in Africa by GDP growth rate, as projected by IMF for 2016, are: Cote D’Ivoire (8.5%), Tanzania (6.9%), Senegal (6.6%), Djibouti (6.5%), Rwanda (6.3%), Kenya (6.0%), Mozambique (6.0%), Central African Republic (5.7%), Sierra Leone (5.3%) and Uganda (5.3%).

DR Congo expects a GDP growth of 4.9 percent, Cameroon; 4.9 percent, Ethiopia; 4.5 percent, Ghana; 4.5 percent and Republic of Congo; 4.4 percent.

Madagascar, Zambia and Chad are expected to see a growth of 4.1 percent, 3.4 percent, 3.2 percent respectively.

Major oil exporters, Angola and Nigeria, hard hit by the slump in crude oil prices, are projected to see a growth 2.5 and 2.3 percent.

At 2.3 percent, Nigeria is expected to see its poorest GDP growth since the return of Democracy in 1999.

This development has become a point of concern for the IMF, and the World Economic Forum (WEF), which would be having its meeting on Africa later in May.

“It is important to recognize the challenges that many African economies face – the commodities slump, currency devaluations and geo-security risks all threaten growth,” WEF explained.

The Forum says its May meeting will highlight the need for diversification in order to ensure inclusive economic growth, tapping into the fourth industrial revolution’s potential to create new industries and help reduce inequality across the continent.

The World Economic Forum on Africa 2016 will take place in Kigali, Rwanda from 11-13 May.

https://www.thecable.ng/15-fastest-growing-economies-africa-nigeria-not-one?_e_pi_=7%2CPAGE_ID10%2C6920219177


This IMF people keep pushing out information that doesnt add value to the recipients. How this information go take help us with our dollar matta? Its just meant to demoralize people.
Re: The 15 Fastest Growing Economies In Africa 2016 — IMF by Herrmes: 6:54pm On Apr 26, 2016
Juxtified:


Our politics especially as youths has to go beyond Buhari vs GEJ, APC vs PDP, north vs south, etc. it is one of the shackles dragging us back as a nation.

On the issue of the IMF list, I still maintain it smells fishy. We all know the IMF a strong political tool of the US, and along with the World Bank, a major way it (the US) controls its puppet nations. Only few would fail to note the stark coincidence between the timing of this list and the refusal of the present administration to dance to their tunes just a few months ago.
As in, do you really mean to tell me that you believe Nigeria is not one of the top 5 fastest growing economies in Africa at present, not to talk of a Top 15 list?
Conspiracy theories.
Re: The 15 Fastest Growing Economies In Africa 2016 — IMF by Nobody: 7:04pm On Apr 26, 2016
This ain't right. Nigeria is and still remains one of the fastest growing economy in Africa and in the world as a whole. Fu-ck their incoherent list!
Re: The 15 Fastest Growing Economies In Africa 2016 — IMF by seguntijan(m): 7:36pm On Apr 26, 2016
since PMB has refused to devalue Naira, he has gone to China for economy revolution and has refused to follow their Zombie policies, so it's not a big deal @ least GEJ couldn't do well with the fastest economy also.
Re: The 15 Fastest Growing Economies In Africa 2016 — IMF by Orikinla(m): 8:10pm On Apr 26, 2016
OP has a problem.
Nigeria and South Africa are way ahead of the followers.
Re: The 15 Fastest Growing Economies In Africa 2016 — IMF by ABAMOWA: 8:19pm On Apr 26, 2016
obainojazz:
The only countries in Africa... SouthAfrica, egypt and Nigeria.....as them no dey, that list no concern me....Djibouti...is that a country or name of street.... Naija will rise again....and continue competing with southafrica and egypt with the rest of the world not all this countries wey if you bring ten of them, them go price them #20

Bros, you get brain. I have been looking for comments like this

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Re: The 15 Fastest Growing Economies In Africa 2016 — IMF by greatsodade(m): 8:27pm On Apr 26, 2016
So why re u guys worried now,look well well brother South Africa,Uncle Egypt and Aunty Angola( that is reputed to have the most expensive city in Africa) re also not ranking among the top too.
So fellow Nigerian, no let this IMF deceive you abeg. Who dem don actually help?
Re: The 15 Fastest Growing Economies In Africa 2016 — IMF by Odani: 9:01pm On Apr 26, 2016
If u can't see south Africa and Etiopia there then Nigeria also shud nt be here.
Re: The 15 Fastest Growing Economies In Africa 2016 — IMF by ocelot2006(m): 9:11pm On Apr 26, 2016
blueto:

Wept no more bro. 2019 is a delicate opportunity for Nigerians to recede the mistakes of voting the govt of negative change.


Question is: will Nigerians ever learn?
Re: The 15 Fastest Growing Economies In Africa 2016 — IMF by Juxtified(m): 9:39pm On Apr 26, 2016
nike4love:

Are you pretending everything is alright in nigeria?
If not then what are you saying?
Things are currently not rosy, but its not as bad as the foreign media is painting it
Re: The 15 Fastest Growing Economies In Africa 2016 — IMF by judondasylva(m): 9:59pm On Apr 26, 2016
Buhari is working making us the fastest backward economy in the world
Re: The 15 Fastest Growing Economies In Africa 2016 — IMF by XaintJoel20: 11:13pm On Apr 26, 2016
Juxtified:
This list was compiled by IMF? Then it all makes sense.
Suddenly our growth that has been projected to be among the fastest in the world is now no where near the fastest even in Africa?

Maybe if we had accepted the so called IMF advice and loan, we'll be right at the top of their list.
Stop acting like a nitwit if you are not one.
Prove to me the top 15 countries accepted IMF policies, advice and loans..

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