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Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City - Politics - Nairaland

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Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City by tstx(m): 8:10pm On Sep 18, 2018
The AfrAsia Bank Africa Wealth Report 2018 provides insights gathered by AfrAsia and New World Wealth, on wealth trends in Africa over the past 10 years.

According to The AfrAsia Bank Wealth Report 2018, Lagos is the fourth richest city in Africa.



"Total wealth held in the city amounts to US$108 billion. Major sectors include: basic materials, real estate & construction, telecoms, transport and financial services. the" report stated.

Johannesburg was the wealthiest with $245 billion, Cairo ($140 billion), Cape Town ($135 billion),

Nigeria was also ranked 3rd among the wealthiest countries in Africa with a value of $222 bllion in privately owned assets.

According to the report, South Africa is the wealthiest country in Africa with private property valued at $722 billion, and Egypt second with $330 billion

The wealth was arrived at by calculating the value of property, cash, equities and business interests. Liabilities and government funds were factored out.

The report also ranked Nigeria eleventh in African countries with the fastest wealth growth which was capped at 19%.

Mauritius had the highest wealth growth rate at 195%, Ethiopia 190%, Rwanda 74% and Tanzania 66%.

The wealth amount was arrived at by calculating the value of property, cash, equities and business interests but liabilities and government funds factored out.

https://listwand.com/2018/09/nigeria-ranked-3rd-richest-country-in-africa-lagos-4th-richest-city/

6 Likes 1 Share

Re: Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City by tstx(m): 8:11pm On Sep 18, 2018
Re: Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City by author1(m): 8:58pm On Sep 18, 2018
i hope they also know nigeria has d highest population of ppl that are poor.

139 Likes 7 Shares

Re: Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City by letsfarmnigeria: 9:22pm On Sep 18, 2018
thats a great fit






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5 Likes 1 Share

Re: Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City by Biglittlelois(f): 9:22pm On Sep 18, 2018
True we are rich but we the masses dont see it the politicians at the helm of affairs distributed it within themselves

19 Likes 1 Share

Re: Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City by dreamwords: 9:22pm On Sep 18, 2018
wink
Re: Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City by HigherEd: 9:22pm On Sep 18, 2018
I think wealth should be measured by the circumstance of the populace, especially in context of a country like Nigeria where pulic servants amass wealth belonging to the nation into their private quarters.

Any parameter that accesses the even spread of wealth may see small countries like rwanda, madagascar besting Nigeria.

14 Likes

Re: Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City by Nobody: 9:22pm On Sep 18, 2018
Yet NIGERIANS are escaping from this Congo called Nigeria.
This one na ABSTRACT WEALTH, that can’t be seen nor felt. Only felt by those in public/political offices.
Yet USELESSNESS and wastefulness loom

35 Likes 3 Shares

Re: Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City by qanda: 9:22pm On Sep 18, 2018
Re: Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City by OKorowanta: 9:22pm On Sep 18, 2018
Buhari don join the 'oya bribe dem gang'.
We are even the richest on papers but the poorest wen it comes to resources,human and welfare
management.

8 Likes

Re: Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City by datola: 9:22pm On Sep 18, 2018
Where did they get acurate data about Nigeria's/Lagos privately owned properties and investment.

Most of the property investments here are not formally captured.

4 Likes

Re: Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City by NaijaMutant(f): 9:23pm On Sep 18, 2018
If Nigeria is the 3rd richest African Nation by this report


And Nigeria is also the poorest nation on earth by Theresa May.

I can succinctly put it that Nigeria is the richest poor nation on earth undecided

God save our soul from devourers

39 Likes 1 Share

Re: Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City by shilexholly(m): 9:23pm On Sep 18, 2018
Imagine.. Dey are lieing on us

10 Likes 2 Shares

Re: Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City by MisterSols(m): 9:23pm On Sep 18, 2018
We are getting close
Kudos to lagos
If in three years Nigeria can create 3 more states close to Lagos (In business and commerce) then we can overtake South Africa.

6 Likes

Re: Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City by handsomeyinka(m): 9:23pm On Sep 18, 2018
Dangote can buy the whole Africa plus white house in DC.

3 Likes 1 Share

Re: Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City by Nobody: 9:23pm On Sep 18, 2018
Yet there's so much poverty in the midst of all the wealth.

11 Likes

Re: Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City by NaijaMutant(f): 9:23pm On Sep 18, 2018
EVILFOREST:
Yet NIGERIANS are escaping from this Congo called Nigeria.
This one na ABSTRact wealth

Only on paper grin
Re: Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City by ademoladeji(m): 9:23pm On Sep 18, 2018
Jagaban is richer than Lagos state...

Someone should ask AMBODE


Lolx

8 Likes

Re: Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City by devigblegble: 9:23pm On Sep 18, 2018
Still doesn’t provide basic needs for the people so it’s pointless
Re: Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City by shilexholly(m): 9:23pm On Sep 18, 2018
Imagine... Det are lieing on us
Re: Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City by donnie(m): 9:24pm On Sep 18, 2018
A rich country isn't necessarily a developed country.

While the former could be the result of circumstances beyond their control, the latter is the result of deliberate efforts aimed at improving certain indicators e.g. security, health, inequality, unemployment level etc

I thought it necessary to explain this, so zombies do not run off celebrating incompetence.

5 Likes 1 Share

Re: Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City by obi4eze(m): 9:24pm On Sep 18, 2018
Lies
Re: Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City by InvertedHammer: 9:24pm On Sep 18, 2018
/
African countries are really poor.

/
Re: Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City by amaniro: 9:24pm On Sep 18, 2018
We were number one before.

All the dullards fault

5 Likes

Re: Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City by Elxandre(m): 9:24pm On Sep 18, 2018
These other small countries are moving very fast.

If we don't step up, we will be the joke of the continent in 20 years.

1 Like

Re: Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City by Nobody: 9:25pm On Sep 18, 2018
grin

1 Like

Re: Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City by laurel03(m): 9:25pm On Sep 18, 2018
Few are rich and majority are suffering

2 Likes 1 Share

Re: Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City by onlyonechid84(m): 9:25pm On Sep 18, 2018
What has this got to do in making sure Buhari does Not return to power? undecided
Re: Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City by buhariguy(m): 9:26pm On Sep 18, 2018
Ok
Re: Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City by oluwasegun007(m): 9:26pm On Sep 18, 2018
yes our foreign reserve is beautiful, but our naira is dirty and has less value...
Re: Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City by lawsbanks: 9:26pm On Sep 18, 2018
If Nigeria is third richest in africa, then africa must be really poor

4 Likes

Re: Nigeria Ranked 3rd Richest Country In Africa, Lagos 4th Richest City by countryfive: 9:27pm On Sep 18, 2018
handsomeyinka:
Dangote can buy the whole Africa plus white house in DC.

Don't expose your ignorance here
How much is dangote worth ?
Minus the huge loans he borrowed from
The banks

5 Likes

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