naijalander:
Pronounciation of "ran"

https://www.macmillandictionary.com/pronunciation/british/ran

Keep making a fool of yourselves ehn

gallivant:


Yes.

I see. Your first lady is just another flower girl. She should aspire for more, Margaret Kenyatta is a force to reckon with that's why she was invited to Harvard. Read about her social activism my brother.

rvp20182:
I think we have demonstrated with enough empirical evidence that your GDP is over-cooked.

mtis:

Why do they all look Chinese (The people ..)

TayserMahiri:


What tribe is Chidinma?

The combination of Nigerian accent and the bizarre things you guys talk about in conversations but mostly the over dramatizing is what Kenyans find funny.

Jonraid:
Nigeria's population and GDP is roughly 4 times that of ours.They are nothing special! Their GDP is just upped by the huge population! Almost 100 Million Nigerians are poor and live under the poverty line.Nigerians living in poverty rised to over 61%!

http://www.konbini.com/ng/lifestyle/nigeria-poverty-capital-world-2018/

https://www.vanguardngr.com/2018/01/67-nigerians-live-poverty-line-presidential-aide/

http://punchng.com/nigerias-unemployment-poverty-rates-increased-in-2017-wbank/

https://qz.com/963465/some-of-the-worlds-biggest-countries-have-managed-to-wrangle-extreme-poverty-except-nigeria/

Nigerians have been literally running away from their country.The Nigerian economy cannot sustain it's people.Nigerians make a significant percentage of African migrants who try to look for greener pastures in Europe!

http://www.tribuneonlineng.com/nigerian-migrants-italy-situation-difficult/

https://www.aljazeera.com/indepth/features/nigeria-migrants-escaped-libya-restart-lives-180130063051831.html

https://www.vanguardngr.com/2018/03/50-nigerian-migrants-rescued-way-italy/

http://www.dw.com/en/nigerian-returnees-face-poverty-and-destitution-back-home/a-42431011

I never heard of Kenyans on a boat trying to go to Europe? Have you? Nigerians should stay in Nigeria and try to build their country! They think they are better than SA yet they go there in droves.We have a lot of them in Kenya.Some of them are UNIVERSITY Students.Why would a Nigerian study in a trash country like Kenya?

kikuyu1:

Give us a Best Case estimate using your unmatched forensic econometric skills their real GDP per capita both nominal and PPP.
Its a big ask I know but nobody else is as qualified and this Dangoteland GDP BS has gone on for farrrrr too long. I suspect ours is slightly higher but we need to end this poo once and for all.
What say ye?

sufferNsmiling:


Can't you see we are committing suicide in nigerian and on the high seas

rvp20182:
Interesting question - I would say when their data is taken at their highest & using real usd- exchange rate - their GDP drops to around 320B. https://nairametrics.com/naira-dollar-parallel-market-exchange-rate-daily/

320B - is still larger than South Africa & Egypt (with 100M arabs) - which clearly tells you that GDP is still over-estimated.

Now,Nigeria is basically an oil economy - the rest of economy basically collapsed in 1970s thanks to oil & mega corruption & really bad governance -So the nearest model you can find in Africa is better managed Algeria - Angola is a newbie!

If you go by Algeria - that around 160B dollars of GDP ( they sell about the same oil as nigeria +- 1.5-2M barrells) daily - Algeria export goods worth 80B dollars - and import around 50B dollars. Nigeria is doing something close to 50B - for exports - and 30B for imports - so on that account alone it's fairing worse than Algeria.

Algeria has around 40M people. Nigeria has 190B (real population is probably 150M). We also know using kenya & Ethiopia that population or land size doesn't matter - what matters is production.

Nigeria claims their agriculture (yams,cassava, millet, sorghum) is as good as Brazil (25% of 400B GDP is huge)- which is ridiculous - we know it's not even at South Africa level. The Nigerian agricultural ministry cannot count anything - so obviously all the so called agriculture GDP is fake - Nigeria are world leading importers of food (wheat +rice).

Typically the size of gov would give you clue of the size of GDP - because Gov is normally the biggest source of money for private sector, individual and main employer - looking at miniscule federal+state budget - there is nothing to write home about.

That leave us grappling for some decent consumption data - we know Nigeria has very little manufacturing (if they were big in Nigeria - you could have heard of them - like you do hear about their banks) - so majority of Nigeria consumed goods are imported - and yet that import bill is now less than 30B dollars! - I think around 25B dollars compared to Kenya 18-20B dollars!

If you check the tonnage - of goods arriving in their ports [ which is where most of consumer goods would arrive] - it around 1.6M TEUS - against Kenya's 1.1M TEUS - economy size of South Africa or Egypt - you're talking 4M plus TEUS if I am not wrong. Therefore this country that has very little manufacturing going on - it has no agricultural value chain like kenya that would support food processing - it yams & cassave direct to the mouth -- and manufacturing going on you can get figures from their breweries, coca-cola & such few multinationals - who have all been disappointed when they ventured there.

Nigeria inflate their GDP contribution from stuff like ICT - mobile telephony/nollywood - where you can just mannually add the revenues from MTN Nigeria & few others - and arrive at figures - about 3-4B dollars. They apply the same vodoo they use in agriculture to declare these sectors such money spinners .Their cement consumption & production the last few yrs was impressive - post Dangote (new phenomenon) arrival in 2000s - but now its down to 18M metric tonnes per annum - just about 3 times kenya. The rest of sectors are about kenya size or slightly higher - including their banking & intermediation etc etc.

Anyway give and take - I would say the very highest their GDP is around 150B (Algeria) - or at best 3 times Kenya GDP (250B) - which is unlikely! The given is around 50B dollars from oil production. The rest is speculation!

Anyway I am going to give a ballpark estimate of 200B dollars.

rvp20182:
Interesting question - I would say when their data is taken at their highest & using real usd- exchange rate - their GDP drops to around 320B. https://nairametrics.com/naira-dollar-parallel-market-exchange-rate-daily/

320B - is still larger than South Africa & Egypt (with 100M arabs) - which clearly tells you that GDP is still over-estimated.

Now,Nigeria is basically an oil economy - the rest of economy basically collapsed in 1970s thanks to oil & mega corruption & really bad governance -So the nearest model you can find in Africa is better managed Algeria - Angola is a newbie!

If you go by Algeria - that around 160B dollars of GDP ( they sell about the same oil as nigeria +- 1.5-2M barrells) daily - Algeria export goods worth 80B dollars - and import around 50B dollars. Nigeria is doing something close to 50B - for exports - and 30B for imports - so on that account alone it's fairing worse than Algeria.

Algeria has around 40M people. Nigeria has 190B (real population is probably 150M). We also know using kenya & Ethiopia that population or land size doesn't matter - what matters is production.

Nigeria claims their agriculture (yams,cassava, millet, sorghum) is as good as Brazil (25% of 400B GDP is huge)- which is ridiculous - we know it's not even at South Africa level. The Nigerian agricultural ministry cannot count anything - so obviously all the so called agriculture GDP is fake - Nigeria are world leading importers of food (wheat +rice).

Typically the size of gov would give you clue of the size of GDP - because Gov is normally the biggest source of money for private sector, individual and main employer - looking at miniscule federal+state budget - there is nothing to write home about.

That leave us grappling for some decent consumption data - we know Nigeria has very little manufacturing (if they were big in Nigeria - you could have heard of them - like you do hear about their banks) - so majority of Nigeria consumed goods are imported - and yet that import bill is now less than 30B dollars! - I think around 25B dollars compared to Kenya 18-20B dollars!

If you check the tonnage - of goods arriving in their ports [ which is where most of consumer goods would arrive] - it around 1.6M TEUS - against Kenya's 1.1M TEUS - economy size of South Africa or Egypt - you're talking 4M plus TEUS if I am not wrong. Therefore this country that has very little manufacturing going on - it has no agricultural value chain like kenya that would support food processing - it yams & cassave direct to the mouth -- and manufacturing going on you can get figures from their breweries, coca-cola & such few multinationals - who have all been disappointed when they ventured in Nigeria to discover there wasn't any middle class to sell to.

Nigeria inflate their GDP contribution from stuff like ICT - mobile telephony/nollywood - when you can just manually add the revenues from MTN Nigeria & few others - and arrive at figures - about 3-4B dollars. They apply the same vodoo they use in agriculture to declare these sectors such money spinners .Their cement consumption & production the last few yrs was impressive - post Dangote (new phenomenon) arrival in 2000s - but now its down to 18M metric tonnes per annum - just about 3 times kenya. The rest of sectors are about kenya size or slightly higher - including their banking & intermediation etc etc.

Anyway give and take - I would say the very highest their GDP is around 150B (Algeria) - or at best 3 times Kenya GDP (250B) - which is unlikely! The given is around 50B dollars from oil production. The rest is speculation!

Anyway I am going to give a ballpark estimate of 200B dollars.

nwoke37:

Manufacturing contributes about 8% to the Nigerian GDP roughly the same as Kenya's

rvp20182:
The problem is not the % - the problem is the total is inflated..so 8% of 400B - is around 40B - about the size of your oil industry--which the only industry we can verify because you sell your oil internationally.

Generally as rule of the thumb I would say any industry in kenya is more sophisticated than Nigeria. We definitely export lots of manufactured goods outside - we are second to Egypt in COMESA - and led in some sectors in US (AGOA).

Talking of manufacturing - outside few places in South Nigeria (LAGOS maybe) - what manufacturing really goes on there? Manufacturing companies that have gone to Nigeria are disappointed by the lack of middle class to purchase their goods.

nwoke37:

Most manufacturing in Nigeria is done for local consumption rather than export, outside Lagos their is a manufacturing hub in south eastern Nigeria, specifically Anambra that's led by indigenous industrialists like Innoson(cars).. There's also Aba is south eastern Nigeria that's known for its shoe production... There's also an upcoming manufacturing hub in Ogun in south western Nigeria

Jonraid:
I can see! I feel for you.Why go to Europe in the most dangerous way? Are Nigerians that desperate to leave Nigeria? Big economies in the continent don't do the things that Nigerians do! Why not Kenyans,South Africans or Egyptians?

rvp20182:
Okay let look at real manufacturing - Unilver Nigeria - when I look at figures - it struggling to sell goods worth 200M dollar annually in Nigeria! And that is FMCG company that would be dominant in food+personal care stuff.Innoson rebadging chinese cars is not manufacturing. if those 3 states - Lagos, Anambra & Aba manufacturing (not chinese goods re-badging) worth 40B dollars - they would be amongst the world centers of industrialization.

Kenya impressive manufacturing is struggling at 6-8B dollars and Nigeria which can't evens sing the AFCT somehow has huge industrial park in Aba that is better than South Africa & maybe Egypt!

You guys take your naija jokes so far.

OMANBALA1:


Don't worry about her tribe. She is simply a Nigerian

nwoke37:


They're obviously other many states that manufacture... There's even manufacturing in Northern states..
It's spread out after the key states

Aba is not a state... it's a city..

rvp20182:
Okay let look at real manufacturing - Unilver Nigeria - when I look at figures - it struggling to sell goods worth 200M dollar annually in Nigeria! And that is FMCG company that would be dominant in food+personal care stuff.Innoson rebadging chinese cars is not manufacturing. if those 3 states - Lagos, Anambra & Aba manufacturing (not chinese goods re-badging) worth 40B dollars - they would be amongst the world centers of industrialization.

Kenya impressive manufacturing is struggling at 6-8B dollars and Nigeria which can't evens sing the AFCT somehow has huge industrial park in Aba that is better than South Africa & maybe Egypt!

You guys take your naija jokes so far.

nwoke37:


Innoson manufactures and assembles.. Things like car engines, he has to import.. Other things like the wheels and steel cover of the car he manufactures in Nigeria.

Now let's look at Unilever a FMCG... you're probably using stats during the Nigerian recession.. Based of what i've seen Nestle is making above $250 million in sales in Nigeria, they also recorded high growth, this was after the recession
Many companies went down during the recession especially manufacturing..
Again you also have to look at market penetration.
Right now Unilever sales are growing and they're also expanding in Nigeria by building more factories
They just opened a factory last December..
You also have to take into account Nigeria's massive currency devaluation

Recently Nestle closed down their office in Nairobi for East Africa because of the bad market/sales. They restructured their company in that the office in South Africa will take care of Southern Africa and Eastern Africa