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Nairaland Forum / Nairaland / General / Business / IMF Affirms Nigeria As Africa’s Biggest Economy!!! (24088 Views)
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Re: IMF Affirms Nigeria As Africa’s Biggest Economy!!! by Nobody: 9:28am On Oct 19, 2016 |
MMMMMM 1 Like |
Re: IMF Affirms Nigeria As Africa’s Biggest Economy!!! by seenter84: 9:28am On Oct 19, 2016 |
Yeah nigeria feeds d world right now with this dollar sham price. obailala: 2 Likes |
Re: IMF Affirms Nigeria As Africa’s Biggest Economy!!! by millionaireman: 9:29am On Oct 19, 2016 |
HAH: In Japan, government doesn't collect revenues from all over the country and share the revenues to Japanese regions. In Nigeria, Buhari north insists the country must continue to collect revenues from all over the country and then share to the states. Nigeria stagnate because of absence of competition and citizens indolent spirit. 2 Likes |
Re: IMF Affirms Nigeria As Africa’s Biggest Economy!!! by frugal(m): 9:29am On Oct 19, 2016 |
kingphilip: How are you better than South Africa? Tell me, I'd like to learn. 3 Likes |
Re: IMF Affirms Nigeria As Africa’s Biggest Economy!!! by Goke7: 9:32am On Oct 19, 2016 |
989900D: very true, especially if Ogun can step up its infrastructure like Lagos is doing. We are supposed to be seeing a rail construction going on now to link Lagos, Ogun and Ibadan. That will leave the rest of Nigeria behind by over 50 years. 2 Likes 1 Share |
Re: IMF Affirms Nigeria As Africa’s Biggest Economy!!! by ttmacoy: 9:33am On Oct 19, 2016 |
I don't see any vindication here if you understand what has been reported. IMF was calculating based on Dec 2015 rates and GDP which was before the recession kicked in and excludes the fall of the naira against the dollar through 2016. veekid: |
Re: IMF Affirms Nigeria As Africa’s Biggest Economy!!! by wristbangle: 9:36am On Oct 19, 2016 |
989900D: Honestly speaking, those comments pointing lagos booming economy to keeping Nigeria afloat is nothing but the truth. Technology wise, what lagos is generating is huge (it's even synonymous to California in USA, the largest single state economy in USA and the entire world generating 600 billion dollars GDP). Look at the likes of Glo 1 and main one fibre as e.g contributing immensely to the country hereby supplying internet services to other western countries which is helping the country GDP. Manufacturing, FMCG, blue chips companies etc in Lagos/Ogun and perhaps Anambra, PHC, Ibadan and Kano are sparkling wave hence saving us from oil doom. Like you said, we suppose to be on 1trillion dollars GDP and permit to mention that our foreign reserve suppose to be at 200billion naira minimum but the stench of past corrupt administration has wrecked the country. 4 Likes |
Re: IMF Affirms Nigeria As Africa’s Biggest Economy!!! by fakati(m): 9:37am On Oct 19, 2016 |
[quote author=Aufbauh post=50326053]IMF has murdered some persons sleep The Nigerian "Pharisees and Sadducees" should better hide their faces in shame and agony because Nigeria will grow stronger inspite of their beliefs or dispositions. I repeat that those who are waiting for Buhari to fails will eat their own words like Olisa Metuh chewed his own statement[o yes my brother this not a good news to the wailers] 2 Likes |
Re: IMF Affirms Nigeria As Africa’s Biggest Economy!!! by ISTANDWITHBUHAR: 9:38am On Oct 19, 2016 |
Some wailers go need this..
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Re: IMF Affirms Nigeria As Africa’s Biggest Economy!!! by davibid: 9:39am On Oct 19, 2016 |
Yaff lie again And ayam tired of reading fake newz that ayam not understanding Because if this is true Nigerians supposed to b enyoin bet d reverse is the case 2 Likes |
Re: IMF Affirms Nigeria As Africa’s Biggest Economy!!! by Ngozi123(f): 9:41am On Oct 19, 2016 |
RentALodge: That's literally the only positive I see here. Nigeria has been Africa's biggest economy for many years now but how exactly has that transcended to the average Nigerian? I'm surprised that there are people celebrating this news, it just goes to show how myopic some Nigerians are. 2 Likes |
Re: IMF Affirms Nigeria As Africa’s Biggest Economy!!! by Shym3xx: 9:44am On Oct 19, 2016 |
ttmacoy: In as much as it doesn't vindicates anyone - currency value has no bearing on GDP. GDP is only affected by the growth/shrinkage of the economy. However, the most important thing is the GDP per capita which puts Nigeria as one of the poorest countries in Africa. Somewhere around where Somalia is. 2 Likes |
Re: IMF Affirms Nigeria As Africa’s Biggest Economy!!! by Earth2Metahuman: 9:46am On Oct 19, 2016 |
Mynd44:serious belly purgin |
Re: IMF Affirms Nigeria As Africa’s Biggest Economy!!! by afanide: 9:47am On Oct 19, 2016 |
IMF just got bribed..... 1 Like |
Re: IMF Affirms Nigeria As Africa’s Biggest Economy!!! by Alwaystruth: 9:51am On Oct 19, 2016 |
Truly you guys are irredeemable and mindless zombies. How much did your idiotic president met Nigeria's GDP?. See below for details. GDP: nominal – $568.5 billion (2015 est.) GDP – real growth rate: 7% (July 2012 est.) GDP – per capita: purchasing power parity – $5,600 (2013 est.) GDP – composition by sector: agriculture: 30.9% industry: 43% services: 26% (2012 est.) Population below poverty line: 33.1%(2013 est.) Household income or consumption by percentage share:r lowest 10%: 2.6% highest 10%: 35.8% (1996–97) Inflation rate (consumer prices): 11.4% (2016)[23] Labor force: 57.21 million Labor force – by occupation: agriculture 70%, industry 10%, services 20% (1999 est.) Unemployment rate: 24% NA (2010 est.) Budget: revenues: $17 billion expenditures: $13.54 billion including capital expenditures of $NA (2005 est.) Industries: crude oil, coal, tin, columbite, palm oil, peanuts, cotton, rubber, wood, hides and skins, textiles, cement and other construction materials, food products, footwear, chemicals, fertilizer, printing, ceramics, steel, small commercial ship construction and repair Industrial production growth rate: 4.7% (2010 est.) Electricity – production: 18.89 billion kWh (2009) Electricity – production by source: fossil fuel: 61.69% hydro: 38.31% nuclear: 0% 2 Likes |
Re: IMF Affirms Nigeria As Africa’s Biggest Economy!!! by Earth2Metahuman: 9:53am On Oct 19, 2016 |
biggy26:when Nigeria economy dips this year, people blame the current government... Now that it has regained its spot, shouldn't we also blame the current governments.. Bein the biggest has always been on paper, people don't take it seriously until PDP fanboys made it campaign strategy for the clueless ineffectual buffoon. 1 Like |
Re: IMF Affirms Nigeria As Africa’s Biggest Economy!!! by Chstel(m): 9:55am On Oct 19, 2016 |
majority of the comments here are not encouraging. why throwing hate speeches and complaining? why can't we just be positive in ourselves? let us use the social media to promote oneness in our lives and in the country. #better days ahead. 1 Like |
Re: IMF Affirms Nigeria As Africa’s Biggest Economy!!! by 989900D: 9:55am On Oct 19, 2016 |
Ngozi123: America is the biggest economy in the world, with GDP per capita at over $50K, and there are destitute . . . even in the gulf where some countries have GDP per capita in excess of $70k, they have poor people. While we could do better, and this is far, far, short of where we need to be as a country, calling others myopic 'cause they feel happy about this little positive ain't cool. Would you rather a GDP of $200b divided by 170 million people, or $400b divided by 170 million people? |
Re: IMF Affirms Nigeria As Africa’s Biggest Economy!!! by Jesusloveyou: 9:56am On Oct 19, 2016 |
Emeskhalifa:for last year, and by the time we get to next year, we will be 18th in the world, and before 2020 we will be 10th. Pmb is doing great. 1 Like |
Re: IMF Affirms Nigeria As Africa’s Biggest Economy!!! by Nobody: 9:57am On Oct 19, 2016 |
Asin how? 2 Likes |
Re: IMF Affirms Nigeria As Africa’s Biggest Economy!!! by mengho(m): 9:59am On Oct 19, 2016 |
We shall soon be dwelling with the biggest economies in d world by the grace of God. it's Nigeria destiny as the largest congregation of black people in d world |
Re: IMF Affirms Nigeria As Africa’s Biggest Economy!!! by thunderbabs: 10:03am On Oct 19, 2016 |
BIG for nothing 2 Likes |
Re: IMF Affirms Nigeria As Africa’s Biggest Economy!!! by Shym3xx: 10:06am On Oct 19, 2016 |
Earth2Metahuman: Lol, it never lost its "spot" as a poor man with gazillion of children who thinks he's richer than a modest man with one kid cos he has a bit of extra money than the modest man. BBC just calculated the figures based on exchange rate when the naira dipped. And that's a flawed way of doing it since currency value and exchange rates have no bearing whatsoever on GDP. GDP of Nigeria in 2014 = $510 billion GDP of Nigeria at the end of 2015 = $415 billion GDP of Nigeria in 2016 = $493 billion So, what changed since South Africa and Egypt have never broken the $400 billion mark? The most important thing is GDP per capita, which is the proper index used in measuring wealth. And both South Africa and Egypt are far richer than Nigeria. Nigeria isn't top-15 richest countries in Africa based on that index. 3 Likes 1 Share |
Re: IMF Affirms Nigeria As Africa’s Biggest Economy!!! by shabakm: 10:07am On Oct 19, 2016 |
may God help us amean |
Re: IMF Affirms Nigeria As Africa’s Biggest Economy!!! by Akalia(m): 10:07am On Oct 19, 2016 |
Dollyak:you need to take a chill pill |
Re: IMF Affirms Nigeria As Africa’s Biggest Economy!!! by Shym3xx: 10:09am On Oct 19, 2016 |
GDP per capita of South Africa = $10,700 GDP per capita of Egypt = $6,200 GDP per capita of Nigeria = $2,500 The difference is clear. 6 Likes 2 Shares |
Re: IMF Affirms Nigeria As Africa’s Biggest Economy!!! by Jesusloveyou: 10:12am On Oct 19, 2016 |
Ngozi123:were you not among the iPods that insulted pmb for this same issues? Hypocrites 2 Likes |
Re: IMF Affirms Nigeria As Africa’s Biggest Economy!!! by nejifresh(m): 10:23am On Oct 19, 2016 |
Its very clear now that many people on nairaland are half stvpid or half literate. The GDP figures are from 2015. They are essentially a recalculation of that re-basement which most of you doubted. Now you are celebrating. Fools. 3 Likes |
Re: IMF Affirms Nigeria As Africa’s Biggest Economy!!! by Uchenduin: 10:23am On Oct 19, 2016 |
Apc propaganda 1 Like |
Re: IMF Affirms Nigeria As Africa’s Biggest Economy!!! by obinnashady(m): 10:35am On Oct 19, 2016 |
Mynd44:Oga go and sit down joor 1 Like |
Re: IMF Affirms Nigeria As Africa’s Biggest Economy!!! by Fidelismaria: 10:43am On Oct 19, 2016 |
usa economy day fear me ooooo dollyak pls break ur grammar down |
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