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Nigeria'll Be Ahead Of France, UK Economically By 2050 If..... Soludo - Politics - Nairaland

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Nigeria'll Be Ahead Of France, UK Economically By 2050 If..... Soludo by bundlez: 7:47pm On Jul 01, 2017
FORMER Governor of the Central Bank of Nigeria, CBN Professor Chukwuma Soludo, yesterday, said that Nigeria’s economy will be ahead of France and the United Kingdom, UK, by 2050 if the country gets its acts together. *Prof. Chukwuma Charles Soludo Soludo made this known at an event held by the U.S. Consulate General, Lagos to mark the 241 independence anniversary of the United States of America. While acknowledging the US government’s struggle to attain her level of development today, he noted that Nigeria in the same spirit can do better. According to him “no country comes fully made; every country is a product of continuous struggle by the citizens to make a more perfect union. What creates a good society, in fact institutions don’t just emerge from heaven, and institutions are products of struggle.” He stated: “The next Nigeria must be everything that the first Nigeria has not been and that is trying to be, in a process of creating a more perfect and prosperous nation. And I will dare to say a more united country trying to forge a nation out of the disparate nationalities. This won’t be easy because it will require a lot of dialogue, contestations but I think where there’s a will, there will always be a way. We already have the human and natural resources. “ So if we get our acts together especial economically, Nigeria will by 2050 be ahead of France and the UK in terms of economy. But the big question is if we can get our acts together to begin. This is a responsibility for all Nigerians.”’

Read more at: http://www.vanguardngr.com/2017/06/nigeriall-ahead-france-uk-economically-2050-soludo/

1 Like

Re: Nigeria'll Be Ahead Of France, UK Economically By 2050 If..... Soludo by smartty68(m): 7:50pm On Jul 01, 2017
Madman's talk undecided
Re: Nigeria'll Be Ahead Of France, UK Economically By 2050 If..... Soludo by vanbonattel: 7:52pm On Jul 01, 2017
Soludo! At your age you're still having wet dreams? grin

4 Likes

Re: Nigeria'll Be Ahead Of France, UK Economically By 2050 If..... Soludo by pezest: 7:53pm On Jul 01, 2017
Is Soludo a Nigerian or Biafran?

1 Like

Re: Nigeria'll Be Ahead Of France, UK Economically By 2050 If..... Soludo by vanbonattel: 7:56pm On Jul 01, 2017
I have bad news for you Soludo, Nigeria can never attain even the slightest improvement more than Togo with the way we are going. Which greatness are you talking about when a section of the country is allowed to use their cows and trample freely on the other section's crops, eat up the crops and kill the natives with the tacit support of the government?

Nigeria is going to be competing with Somalia with the way it's going.

4 Likes

Re: Nigeria'll Be Ahead Of France, UK Economically By 2050 If..... Soludo by Nobody: 7:57pm On Jul 01, 2017
Nonsense! First, they started with the vision 2020, now it is 2050. I won't be surprised when they shift the goal post to year 3000.




Nigeria WILL never progress if the 'leaders' keep on shifting the goal post!

4 Likes

Re: Nigeria'll Be Ahead Of France, UK Economically By 2050 If..... Soludo by vanbonattel: 7:58pm On Jul 01, 2017
pezest:
Is Soludo a Nigerian or Biafran?

Soludo went to visit Nnamdi Kanu in prison, did he go to visit Abiola?

Hope I answered your question?

5 Likes

Re: Nigeria'll Be Ahead Of France, UK Economically By 2050 If..... Soludo by nonsobaba: 8:05pm On Jul 01, 2017
vanbonattel:


Soludo went to visit Nnamdi Kanu in prison, did he go to visit Abiola?

Hope I answered your question?
Fayose and FFK also went to visit Kanu in court. Are they biafrans? Soludo went to see Kanu to offer words of advise to the fraudster on insanity fringes in order to not continuously soil the name of the great igbo race. Soludo is an Anambra son, an Igbo man and a Nigerian.

2 Likes 1 Share

Re: Nigeria'll Be Ahead Of France, UK Economically By 2050 If..... Soludo by vanbonattel: 8:08pm On Jul 01, 2017
nonsobaba:
Fayose and FFK also went to visit Kanu in court? Are they biafrans? Soludo went to see Kanu to offer words of advise to the fraudster on insanity fringes in order to not continuously soil the name of the great igbo race. Soludo is an Anambra son, an Igbo man and a Nigerian.

Soludo went to see Nnamdi Kanu in prison, FFK and fayose came to court. Spot the difference.

Mgbe onye nwe mmadu ji apa ya, bu ma ozu shibe ishi.

5 Likes

Re: Nigeria'll Be Ahead Of France, UK Economically By 2050 If..... Soludo by Tolexander: 8:10pm On Jul 01, 2017
vanbonattel:
Soludo! At your age you're still having wet dreams? grin
he is right!
vanbonattel:
I have bad news for you Soludo, Nigeria can never attain even the slightest improvement more than Togo with the way we are going. Which greatness are you talking about when a section of the country is allowed to use their cows and trample freely on the other section's crops, eat up the crops and kill the natives with the tacit support of the government?

Nigeria is going to be competing with Somalia with the way it's going.
if you had really read what Soludo was saying, you wouldn't post this.
Re: Nigeria'll Be Ahead Of France, UK Economically By 2050 If..... Soludo by ubongoton(m): 8:22pm On Jul 01, 2017
you think soludo is the same thing to solution that you may think that you can give solution to nigeria problem
Re: Nigeria'll Be Ahead Of France, UK Economically By 2050 If..... Soludo by deedeedee1: 8:23pm On Jul 01, 2017
Lols! See the way this one just dey make noise. Nigeria relies on crude oil to survive. No system in place to drive developement. We have 200 ethnic groups in this country who dont like themselves.
I cant fit laugh

2 Likes

Re: Nigeria'll Be Ahead Of France, UK Economically By 2050 If..... Soludo by Ofunaofu: 8:23pm On Jul 01, 2017
Maybe he meant to say Biafran economy

2 Likes

Re: Nigeria'll Be Ahead Of France, UK Economically By 2050 If..... Soludo by omohayek: 8:41pm On Jul 01, 2017
I think people who are criticizing Soludo have misunderstood what he was saying. He wasn't predicting that the average Nigerian could have a comparable standard of living to the British and the French by 2050, he was saying that the entire Nigerian economy could be larger than that of each of those European countries, which is not as far-fetched as it sounds.

Given a current Nigerian GDP of $500 billion (vs $2.8 trillion for the UK, $2.4 trillion for France), the Nigerian economy would only have to grow at 10% per year (vs. the normal 2% long-run growth in Europe) to have surpassed both countries in total GDP in 33 years, as 8% relative growth means a relative doubling every 9 years. 10% annual growth is not outrageous, as countries like China, Japan, South Korea and Taiwan have all managed it when they were developing, so there's no fundamental reason why Nigeria couldn't manage it, given good leadership, and this is the point Soludo is really getting at: the opportunity cost, in terms of wasted growth opportunities, of doing things the way Nigeria has always done them has been tremendous.

The average Nigerian could have been 2-3x times better off by now if the country's government 30 years ago were competent and growth-oriented, rather than being just one long succession of clueless thieves in khaki who finally handed over to clueless thieves in agbada and babariga. Unfortunately most Nigerians can't conceive of politics as being about anything more than sharing out of "national cake" by the FG, and care more about the tribe and religion of those who represent them, instead of what they know and what they plan to do once in office.

6 Likes 1 Share

Re: Nigeria'll Be Ahead Of France, UK Economically By 2050 If..... Soludo by chymes0359(m): 8:49pm On Jul 01, 2017
smartty68:
Madman's talk undecided
ARE YOU SICK?
Re: Nigeria'll Be Ahead Of France, UK Economically By 2050 If..... Soludo by Chuksaluta(m): 8:57pm On Jul 01, 2017
from vision 2000 to vision 2010, to vision 20 2020. we now have vision 2050....it's alright.
Re: Nigeria'll Be Ahead Of France, UK Economically By 2050 If..... Soludo by HarryDuce(m): 9:14pm On Jul 01, 2017
I like his optimism though. But you dont expect France and Britain to stay one side and be looking at us now.
Re: Nigeria'll Be Ahead Of France, UK Economically By 2050 If..... Soludo by jamislaw(m): 9:22pm On Jul 01, 2017
Let me go and ask Oracle in my village.
Re: Nigeria'll Be Ahead Of France, UK Economically By 2050 If..... Soludo by Ochinex(m): 10:24pm On Jul 01, 2017
omohayek:
I think people who are criticizing Soludo have misunderstood what he was saying. He wasn't predicting that the average Nigerian could have a comparable standard of living to the British and the French by 2050, he was saying that the entire Nigerian economy could be larger than that of each of those European countries, which is not as far-fetched as it sounds.

Given a current Nigerian GDP of $500 billion (vs $2.8 trillion for the UK, $2.4 trillion for France), the Nigerian economy would only have to grow at 10% per year (vs. the normal 2% long-run growth in Europe) to have surpassed both countries in total GDP in 33 years, as 8% relative growth means a relative doubling every 9 years. 10% annual growth is not outrageous, as countries like China, Japan, South Korea and Taiwan have all managed it when they were developing, so there's no fundamental reason why Nigeria couldn't manage it, given good leadership, and this is the point Soludo is really getting at: the opportunity cost, in terms of wasted growth opportunities, of doing things the way Nigeria has always done them has been tremendous.

The average Nigerian could have been 2-3x times better off by now if the country's government 30 years ago were competent and growth-oriented, rather than being just one long succession of clueless thieves in khaki who finally handed over to clueless thieves in agbada and babariga. Unfortunately most Nigerians can't conceive of politics as being about anything more than sharing out of "national cake" by the FG, and care more about the tribe and religion of those who represent them, instead of what they know and what they plan to do once in office.

Haha sorry oh, I am playing with you guys


$484.895 billion you meant
Re: Nigeria'll Be Ahead Of France, UK Economically By 2050 If..... Soludo by Okoroawusa: 11:22pm On Jul 01, 2017
omohayek:
I think people who are criticizing Soludo have misunderstood what he was saying. He wasn't predicting that the average Nigerian could have a comparable standard of living to the British and the French by 2050, he was saying that the entire Nigerian economy could be larger than that of each of those European countries, which is not as far-fetched as it sounds.

Given a current Nigerian GDP of $500 billion (vs $2.8 trillion for the UK, $2.4 trillion for France), the Nigerian economy would only have to grow at 10% per year (vs. the normal 2% long-run growth in Europe) to have surpassed both countries in total GDP in 33 years, as 8% relative growth means a relative doubling every 9 years. 10% annual growth is not outrageous, as countries like China, Japan, South Korea and Taiwan have all managed it when they were developing, so there's no fundamental reason why Nigeria couldn't manage it, given good leadership, and this is the point Soludo is really getting at: the opportunity cost, in terms of wasted growth opportunities, of doing things the way Nigeria has always done them has been tremendous.

The average Nigerian could have been 2-3x times better off by now if the country's government 30 years ago were competent and growth-oriented, rather than being just one long succession of clueless thieves in khaki who finally handed over to clueless thieves in agbada and babariga. Unfortunately most Nigerians can't conceive of politics as being about anything more than sharing out of "national cake" by the FG, and care more about the tribe and religion of those who represent them, instead of what they know and what they plan to do once in office.
well articulated unlike others busy talking tribe,biafra,afonja,religion n other trash...

sometimes I fear for us wit d kind of comments coming from youths in NL.

2 Likes

Re: Nigeria'll Be Ahead Of France, UK Economically By 2050 If..... Soludo by smartty68(m): 7:19am On Jul 02, 2017
chymes0359:

ARE YOU SICK?
This question should be meant for your leaders for the continuous shifting of visions from 2020 to 2050!

Next time before you insult someone make sure you drop some important comments...

Lots of free comments awaits you in the other room!
Re: Nigeria'll Be Ahead Of France, UK Economically By 2050 If..... Soludo by smartty68(m): 7:22am On Jul 02, 2017
Okoroawusa:

well articulated unlike others busy talking tribe,biafra,afonja,religion n other trash...

sometimes I fear for us wit d kind of comments coming from youths in NL.
Of course, he made sense in his analysis, but the problem here is that our leaders keeps taking us for a ride...

What happened to vision 2020? It still has not even materialized and now they've shifted the goalposts to vision 2050... And you feel there's hope for Nigerians?

Nonsense
Re: Nigeria'll Be Ahead Of France, UK Economically By 2050 If..... Soludo by ESDKING: 7:30am On Jul 02, 2017
I just dey laugh oo
Re: Nigeria'll Be Ahead Of France, UK Economically By 2050 If..... Soludo by Ehiscotch(m): 7:35am On Jul 02, 2017
We can only get it right if the oil price stays the same.
Let successive governments continue to struggle with how to properly utilize low revenues, increase revenue generation, diversify from oil & create employment & develop infrastructure.
Re: Nigeria'll Be Ahead Of France, UK Economically By 2050 If..... Soludo by Okoroawusa: 9:57am On Jul 02, 2017
smartty68:

Of course, he made sense in his analysis, but the problem here is that our leaders keeps taking us for a ride...

What happened to vision 2020? It still has not even materialized and now they've shifted the goalposts to vision 2050... And you feel there's hope for Nigerians?

Nonsense
Yes there is hope for nigeria.You n I can n must work n walk towards it TOGETHER.

1 Like

Re: Nigeria'll Be Ahead Of France, UK Economically By 2050 If..... Soludo by smartty68(m): 10:18am On Jul 02, 2017
Okoroawusa:

Yes there is hope for nigeria.You n I can n must work n walk towards it TOGETHER.
Easy to say! You can't compare the Nigeria of today with the Nigeria of yesterday! A lot of fatal damage has been caused already!

We live in an era where empty promises are made, where achievements are done on papers, tribal/religious differences, nepotism is the order of the day, everyone wants to join politics and share the national cake, where politics is a dirty game, a nation which relies only on oil products!

Lemme watchout...

2 Likes

Re: Nigeria'll Be Ahead Of France, UK Economically By 2050 If..... Soludo by chymes0359(m): 10:23am On Jul 02, 2017
smartty68:

This question should be meant for your leaders for the continuous shifting of visions from 2020 to 2050!

Next time before you insult someone make sure you drop some important comments...

Lots of free comments awaits you in the other room!

I didn't insult you, I only asked you a question coz your reply to the the thread was so SICK THAT I EVER WONDER whether you sense of comprehensiveness is okay..

Re: Nigeria'll Be Ahead Of France, UK Economically By 2050 If..... Soludo by Okoroawusa: 10:26am On Jul 02, 2017
smartty68:

Easy to say! You can't compare the Nigeria of today with the Nigeria of yesterday! A lot of fatal damage has been caused already!

We leave in an era where empty promises are made, where achievements are done on papers, tribal/religious differences, nepotism is the order of the day, everyone wants to join politics and share the national cake, where politics is a dirty game, a nation which relies only on oil products!

Lemme watchout...
just keep watchingout.
Re: Nigeria'll Be Ahead Of France, UK Economically By 2050 If..... Soludo by smartty68(m): 11:27am On Jul 02, 2017
chymes0359:


I didn't insult you, I only asked you a question coz your reply to the the thread was so SICK THAT I EVER WONDER whether you sense of comprehensiveness is okay..

Next time before you quote me, please make some sense! Don't quote people because you just want to be noticed! Cheers!
Re: Nigeria'll Be Ahead Of France, UK Economically By 2050 If..... Soludo by Day169: 11:32am On Jul 02, 2017
If only..

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