rvp2018:
You clearly have time on HongKong and Taiwan. I guess you cannot stand the honesty and intelligence of Obi guy - that probably the only Nigeria here with some brains. I am not surprised. Expecting to have sound debate with a Nigeria or Tanzania is really setting yourself for failure. Your poor education shines through. You cannot argue based on facts, empirical data, logic and just plain common-sense. You rather resort to cheap insults and adhominen.

Let me tell you there is really no need for any data - common sense tell me for a country with possibly a labour force of 80-90M - nollywood is very tiny piece of the pie. I can tell you without checking any data that most nigeria are 1) farmers 2) small scale traders - etc etc and very few are in nollywood! You cannot sustain 1M people in creative industry. I doubt even US can do that.

Daejoyoung:

l have no interest in this dick measurement with you, since you are so much interested in Nigeria, you know where to get the data of the Labour force from, why not get it and post it here, or give me something to dispute my claim that nollywood as a firm employs more people besides Government wages. Others are into other private services, Construction etc which may be larger than nollywood, but nollywood as a single form employs over a million people involved in acting, video work, editing, etc etc. Can you disprove my claim, l have no time for all these.
Also stop quoting figures irresponsibly without facts, 50Billion dollars is your claim and then you fallaciously argue based on the rubbish figure, you have always been known for that on this thread, doesn't tell well of you, good day.

Daejoyoung:

Again use your brain man, small scale trading or trading belongs to the class of self employment, nollywood as a firm is the second largest employer of Labour besides the Government. Try to think, understand the point before typing like a house on fire. Nollywood is 1% of GDP, it is tiny and not 50 Billion dollars, but it employs heavily as a firm besides the Government.

rvp2018:
Nairobi's six AVIC (one of china biggest companies) towers already 40 floors -Nairobi Global Centers.

Daejoyoung:

Again use your brain man, small scale trading or trading belongs to the class of self employment, nollywood as a firm is the second largest employer of Labour besides the Government. Try to think, understand the point before typing like a house on fire. Nollywood is 1% of GDP, it is tiny and not 50 Billion dollars, but it employs heavily as a firm besides the Government.

Kur17:


Chai nah dis ting de tall oo, wahala dei oo

jaycent:
What are you saying. Please stick to your swahili nd stop saying rubbish.

Kur17:


Oga na me u go tell am

jaycent:
Chaii pidgin don suffer. Oga please stop it, you're embarrassing yourself. Just stick to your swahili nd let pidgin be.

gallivant:


Tanzanians will always follow Kenyans around trying to be relevant. For them its a national past time.

Kazikazi:
Who follows who! Now I warn u kenyans; If we close the border u will starve to death.remember we feed u.remember how much u love living in Tanzania..

Kazikazi:
Who follows who! Now I warn u kenyans; If we close the border u will starve to death.remember we feed u.remember how much u love living in Tanzania..

gallivant:


You are wrong. Hong Kong is China. Taiwan is independent, for all intents and purposes. You have demonstrated your infantile reasoning and lack of knowledge for all to see. Autonomy is not independence! If I was you I would never show up around here again. What a clown.

obaaderemi:
Idiot, it's called marketing strategy. Just like when the Americans give Little India aids just to milk your sorry arsess.

rvp2018:
It is a crazy place - completely insane - I don't how 200M people can be this DUMB. The more I am here the more I am intrigued and of course this is infotainment. It's like reading those nigeria 401 emails but this time from official nigeria gov sources.

obaaderemi:

It's clear enough nah.From my end the case is closed since you already admitted you were in error. I am only still indulging you because you keep bringing it back in your usual attitude of employing ambiguity. What more is there to say?

Classic bullshit. You might want to reread what I quoted to know why I said what I did. You keep repeating the same thing and when you are replied in a deserving manner, you cry foul.

Stop rehashing nonsense. I already made my point clear on this. Keep your emotions to yourself.

You said clearly and I quote: Hong Kong's citizens have pushed for autonomy and this is why it remains a separate administrative region.
What autonomy did they push for when they already had it?Protesting to make China stay out of their politics is clearly different from pushing for autonomy when they already had it.Even a primary school girl would tell you that.Keep embarrassing yourself.

Drawing facts from your behind again. You never learn. Do you.Go and do your research like you always go back to do----and show us how Nigeria was ranked in TI's bottom 10 last year or this year.You have so failed miserably to substantiate your silly conjectures. Kenyans and Ghanaians have not eviscerated anyone here.Are you desperately arrogating to yourself the role of an umpire to score cheap points again. I won't put that above you.

Hahahahahahaha, are you this desperate in real life?.
You didn't endorse the study but felt the need to bring it up in your post.No one forced you to bring it up. Or did I?
Yes,it's a fact that India would have been richer if it wasn't so populous.

I actually thought you were younger. It's only in this part of the world that people would use age as an excuse. Obama not visiting Nigeria was America's way of registering displeasure with Jonathan's regime. It was politics and you were not "matured" enough to understand that nuanced move.
As an eleven year old,I had access to nta,CNN, BBC and my Dad's Economist magazines.Your comic books and video game console are not credible excuses for another one of your famous "oversights". If you were not sure of something,you simply don't say it.It's very clear you haven't moved on much from the time you were eleven. Funny boy.

gallivant:


You followed us here, in twitter, Jamii forums. In america and Europe you crash Kenyan parties and events etc.Being around us, fighting us, arguing with us is the only way people realize Tanzania exists. Tanzania is not known for anything, Somalia is more popular.

Kazikazi:
Who follows who! Now I warn u kenyans; If we close the border u will starve to death.remember we feed u.remember how much u love living in Tanzania..

Kur17:

Igwe must hear this

rvp2018:
From the data I have seen - Nigeria informal economy is around 64/65/70%(charterhouse,imf, nbs-yemi kale) OF GDP - which is nearly twice the sub-saharan africa average of around 30% - or what is expected of a developing nation (around 40%) or country in transition around 35% like Kenya(34%).

The likes of south africa,mauritus, botswana and namibia which are middle class countries have informal sector of 10-20%. South Africa informal sector is 8% of GDP and it employs 27% of her labour. Kenya's 34% of GDP and it employ 75% of our labour. Nigeria's 65% of GDP possibly employing 95%?? of her labour.

Now if you take 65% of 320B (let's take Yemi Kale cooked GDP at it' very highest) - you're talking 200B dollar economy that is informal and hard to tax. What remains is 120B economy with half of it oil (oil industry is already over-taxed!!) - leaving a nigeria formal sector of around 60B dollars - now slice that 60B into public formal (federal+state) and private formal - and you're talking PRIVATE FORMAL ECONOMY OF 30B dollars - which explain why you taxes you collect are about the same as Kenya. I bet that formal private sector is probably telcoms MTN & your banks : & insurances) and few companies in between owned by Dangote.

In conclusion there is very little wriggle room for Nigeria to grow it's revenue when it has a weirdly large (read GDP is cooked or economy is messed up like TZ - a former communist state with very tiny private sector) informal sector. Normally you'd expect informal sector of around 30-40% for developing economy at Nigeria stage but employing at least 70% (like in Kenya). Informal sector in Kenya is the main employer but it's contribution to GDP is 34% (from lows of 20% in 90s)...and we are working on formalizing our economy....with great help from M-pesa(mobile money). In retail & wholesaling - we are already second to south africa in formal trade (through super-markets & malls) at around 30% of people shopping in supermarkets rather than small corner shops - we are also formalizing transport sector - turning our dafno/matatus into co-operatives. The same is through for many small holder farming - I can go on and on - but we are making tremendous progress to move our informal sector from 34% to something like 20%.

Tax wise - you need to do lots of stuff - but first I'd say let mobile banking thrive - and you can be able to tax it. VAT/Sale tax - where are the ETR (electronic registers) that are complusory in Kenya for example.

IN SHORT NIGERIA IS SIMPLY TANZANIA OR DRC - MINERALS, SMALL PRIVATE SECTOR AND REST OF THE COUNTRY JUST GROWING TUBERS.

The NBS has released data showing the split of GDP between the formal and informal sectors. We learn that the informal economy amounted to N39.0trn in 2015, equivalent to 41.4% of GDP.

Kenyanstar:

Sincerely speaking from an open mind, Nigeria has a very huge potential. Imagine if the Tax regime was formalized and actively used as a source of domestic revenue channel, the results are just mind boggling and a game changer to the ailing Nigerian economy. Over dependency on direct oil revenue is the reason why the Nigerian GDP has stagnated, if oil was to loose its commercial viability then traditional revenue sources and alternatives would have to be adopted. The Kenyan economy deeply depends on tax avenues that can sustain it without over dependence on natural resources but viable commodity resource collection. Imagine a population of 180m in Nigeria and a tax regime of 16% is implied on all commodities, that would be the turning point for Nigerian economy.

rvp2018:
From the data I have seen - Nigeria informal economy is around 64/65/70%(charterhouse,imf, nbs-yemi kale) OF GDP - which is nearly twice the sub-saharan africa average of around 30% - or what is expected of a developing nation (around 40%) or country in transition around 35% like Kenya(34%).

The likes of south africa,mauritus, botswana and namibia which are middle class countries have informal sector of 10-20%. South Africa informal sector is 8% of GDP and it employs 27% of her labour. Kenya's 34% of GDP and it employ 75% of our labour. Nigeria's 65% of GDP possibly employing 95%?? of her labour.

Now if you take 65% of 320B (let's take Yemi Kale cooked GDP at it' very highest) - you're talking 200B dollar economy that is informal and hard to tax. What remains is 120B economy with half of it oil (oil industry is already over-taxed!!) - leaving a nigeria formal sector of around 60B dollars - now slice that 60B into public formal (federal+state) and private formal - and you're talking PRIVATE FORMAL ECONOMY OF 30B dollars - which explain why you taxes you collect are about the same as Kenya. I bet that formal private sector is probably telcoms MTN & your banks : & insurances) and few companies in between owned by Dangote.

In conclusion there is very little wriggle room for Nigeria to grow it's revenue when it has a weirdly large (read GDP is cooked or economy is messed up like TZ - a former communist state with very tiny private sector) informal sector. Normally you'd expect informal sector of around 30-40% for developing economy at Nigeria stage but employing at least 70% (like in Kenya). Informal sector in Kenya is the main employer but it's contribution to GDP is 34% (from lows of 20% in 90s)...and we are working on formalizing our economy....with great help from M-pesa(mobile money). In retail & wholesaling - we are already second to south africa in formal trade (through super-markets & malls) at around 30% of people shopping in supermarkets rather than small corner shops - we are also formalizing transport sector - turning our dafno/matatus into co-operatives. The same is through for many small holder farming - I can go on and on - but we are making tremendous progress to move our informal sector from 34% to something like 20%.

Tax wise - you need to do lots of stuff - but first I'd say let mobile banking thrive - and you can be able to tax it. VAT/Sale tax - where are the ETR (electronic registers) that are complusory in Kenya for example.

IN SHORT NIGERIA IS SIMPLY TANZANIA OR DRC - MINERALS, SMALL PRIVATE SECTOR AND REST OF THE COUNTRY JUST GROWING TUBERS.

nwoke37:


Nigeria is what I call wasted potential. Many developed countries can only dream of the potential Nigeria has

nwoke37:
Nigeria has just commissioned the second largest brewery factory in Africa


https://www.youtube.com/watch?v=YL2QHHrMOkg

rvp2018:
NWOKE,44B CAP OF your stock market is nothing to shout about.Nairobi stock market is around 25b.Check JSE for real 300b dollar economy.Then come and talk about your phoney 370b economy powered by yams.And if you remove Dangote companies from NSE there is little else left.You private sector is roughly the same size with kenya if remove the oil industry or about twice with it.its very hard to trust any data from yemi kale....so i rather go with imf that found your informal sector to be 65%.

[b]It is a crazy place - completely insane - I don't how 200M people can be this DUMB. The more I am here the more I am intrigued and of course this is infotainment. [/b]It's like reading those nigeria 401 emails but this time from official nigeria gov sources.