eezeribe:
Thanks op.But I can tell you that this info is like rocket science to the Average Nigerian youth.they won't understand an iota of it unless you simplify it like Big brother Naija which is their favorite.
Just watch and see how average minds would start quoting me.
Anyway,I have saved the details and I am out of the thread.

I DEDICATE this FTC to All the 'Above Average' ones out there.

legendte:

Mr above average, I am sorry to let you know that you do not have the required intelligence to qualify people based on their choice of interest. Diversity is the key thing here. That you find interest and have basic knowledge of economics doesn't make you any better than a man who is into sports alone.

I know your type of personality......ITK yet never made first class.

legendte:

Mr above average, I am sorry to let you know that you do not have the required intelligence to qualify people based on their choice of interest. Diversity is the key thing here. That you find interest and have basic knowledge of economics doesn't make you any better than a man who is into sports alone.

I know your type of personality......ITK yet never made first class.

weyab:
Again thanks for our UGU state for that 0.4 export in vegetables

deflover:
So the leech of a nations still depends on Niger Delta oil
I thought we don't count
Kill dem all the afonjas chanted

Even the so-called solid minerals and the agriculture they made us believe is the new gold is no where to be found

Thank God for Niger Delta if not hungry go kill all of una

Proudly urohobo

jconsulting:
You don't have to be an economist to comprehend this datas but an average Nigerian youth will not understand all these because they prefer BBnaija and watching football that will not add any meaning to their lives. Ask them what is the country's foreign reserve they won't have a slim idea but how many goals Messi scored last season they won't miss it .

fatymore:
Economist should please explain.. And for the guy above me... An average Nigerian would not understand in as much is not their field.. Can you read anything written in Shorthand if you are not of the secretarial profession?

idu1:






Don't start trouble

nateevs:



Exploration of solid minerals, on a scale required for exportation, is not going to happen overnight mate. This is irrefutable fact!

Criticism is good. But criticism on the back of ignorance is just rubbish.

deflover:
So the leech of a nations still depends on Niger Delta oil
I thought we don't count
Kill dem all the afonjas chanted

Even the so-called solid minerals and the agriculture they made us believe is the new gold is no where to be found

Thank God for Niger Delta if not hungry go kill all of una

Proudly urohobo

EazyMoh:
That's a very good development for Q42016 the GDP growth is very impressive. By the end of this year's first quarter we should be out of recession.

deflover:


I agree but my people were insulted
They said oil is useless
But see the worms keep feeding on the oil

kITATITA:
Though the figures are not as dismal as I expected; but I don't share your optimism about coming out of recession by the end of 1Q2017. I'm looking at 4Q2017. You haven't factored economic sabotage, especially as we approach the election period. Don't think that everyone wants us out of the recession

Idrismusty97:
I am just seeing trillions billions everywhere yet indomie is N90 for super pack.

AreaFada2:


I have a little problem believing some of the stats. For example the 3 consecutive GDP rise in the last 3 quarters of 2016.

The infograph is clear enough but NBS needed to discount for things like sharp Naira falls/volatility in the past 18 months.
In 2016, Q2 rise was N4.15 trillion rising to N5.29 trillion by Q4. Good.

But that increase seems fictitious to me. Because that was a period when the Naira fell sharply in value. What was N4.52 triilion worth in dollars in Q2 and value of N5.29 trillion in dollars in Q4?

GDP has to do with sum total of all goods and services. Export goods paid for in dollars & other hard currencies included.

I also doubt if N3.52 trillion in 2015 Q4 was worth less than N5.29 trillion in 2016 Q4.

These so called increases would make sense if we had a stable currency. Not one that loses or gains up to 25% overnight due to CBN manipulation.

weyab:
From import and export statistics... What i notice is ,nigeria dont even export electric wire talk of appliances. Again thanks for our UGU state for that 0.4 export in vegetables

wristbangle:


There is nothing like vegetable export in the list abi my eyes dey see double.

In Agricultural sector, cocoa still take the lead (.93 percent) but still a far cry to what it used to be which contributes almost 40 percent of the economy GDP. We still have a lot way to go hence the need for FG to use the money in defending naira now to propagate agric sector to its full potential.

Still the economic growth is still @ negative (-1.30 percent) though better than Q3 (-2.24 percent), which means the GDP growth is 0.93 percent.

Let's wait for 2017 Q1 report. Expecting nigeria to get out of recession ASAP.

wristbangle:


There is nothing like vegetable export in the list abi my eyes dey see double.

In Agricultural sector, cocoa still take the lead (.93 percent) but still a far cry to what it used to be which contributes almost 40 percent of the economy GDP. We still have a lot way to go hence the need for FG to use the money in defending naira now to propagate agric sector to its full potential.

Still the economic growth is still @ negative (-1.30 percent) though better than Q3 (-2.24 percent), which means the GDP growth is 0.93 percent.

Let's wait for 2017 Q1 report. Expecting nigeria to get out of recession ASAP.