Anambralstson:

Otondo GDP doesn't measure economy, can you provide recent GDP of Nigeria at least from two to three years ago. Anambra host more industries, Markets than Kano last banks financial reports Kano was far below Anambra.

oyatz:
So if GDP doesn't measure the size of the economy, what does GDP measure?



It is verifiable that Kano State has higher GDP, Budget and IGR than Anambra and you are still arguing with beer parlour talks of Markets and industries.

kunkelhanspeter:

I agree with what you dat but don’t compare Anambra to Kano in terms of economically value only Onitsha self is more economical dan Kano

oyatz:
So if GDP doesn't measure the size of the economy, what does GDP measure?



It is verifiable that Kano State has higher GDP, Budget and IGR than Anambra and you are still arguing with beer parlour talks of Markets and industries.

Anambralstson:

The stated clearly that bank credit /deposit in each state may be used as an indicator of the level of economic activity and wellbeing of operators (households and businesses) in a particular state

kettykin:


Have you ever realised that with all the GDP Ibadan has , Ibadan though possessing a Federal Airport has a dead Aviation Economy while Imo with its own built State Airport is the 4th busiest in Nigeria only less busy than Lagos , Abuja and Protharcourt Airport, Imo Airport is busier than Kaduna, Kano, Ibadan Kwara Airport, How do you measure GDP when a state like Imo has far better Hotels than all the south west states put together except Lagos , Anambra has larger numbers of Banks than all the south west states except lagos.

The Imo Airport is busier than all the Southwest Airports excluding Lagos Airport

oyatz:
How old are you and what's your level of education sir?


What percentage of Nigerians have bank accounts or deposit money into bank accounts?

So any Nigerian who hasn't done any transaction with banks since May-1 hasn't done any economic activities?

What's the GNI per capital of Anambra State?

Anambralstson:

You are ignorant, Gross domestic product (GDP) is increasingly a poor measure of prosperity. It is not even a reliable gauge of production go through this report by NBS in collaboration with CBN

Anambralstson:

They stated clearly that bank credit /deposit in each state may be used as an indicator of the level of economic activity and wellbeing of operators (households and businesses) in a particular state

oyatz:
You seems to lack manners and very crude both in logic and approach.


Point to where I said GDP is a measure of prosperity.

Prosperity is a relative and subjective term. What constitute prosperity?
Any universally acceptable index for measuring prosperity?


If GDP is not a good mean to measure the size of an economy, so pictures of individuals' homes, few tarred streets with flowers, round abouts, shopping malls or Google Earth searches being displayed by you and other kids on Nairaland are suitable methods to measure economic activities?

Anambralstson:


Otondo your backward Ibadan is world biggest slum, 93% covered by slums, the backward city not even the size of Anambra

Anambralstson:


GDP deals in aggregates, GDP per capita in averages. In an age where a huge cause of social dislocation is inequality, GDP has nothing to say about distribution. Averages are misleading. Medians are better than means. A rise in average GDP could actually be retrograde, if it leaves 99% of people resentful at how the 1% is making good. From the Nigeria GDP table below are you telling me Imo state is more economically bouyant than Anambra, Kano and Ogun Or Osun is more economically bouyant than Anambra You should stop fooling yourself

Ofemannnu:


GDP has always been a measure of output, not of welfare. Using current prices, it measures the value of goods and services produced for final consumption, private and public, present and future. Converting to constant prices makes it possible to calculate the growth of GDP over time or the differences between states across space.

But although GDP is not a measure of human welfare, it can be considered a component of welfare. The volume of goods and services available to the average person clearly contributes to welfare in the wider sense, though of course it is far from being the only component. So it is possible to imagine a social welfare function that has GDP as one of its components alongside health, equality, human rights, etc.

Ofemannnu:


GDP has always been a measure of output, not of welfare. Using current prices, it measures the value of goods and services produced for final consumption, private and public, present and future. Converting to constant prices makes it possible to calculate the growth of GDP over time or the differences between states across space.

But although GDP is not a measure of human welfare, it can be considered a component of welfare. The volume of goods and services available to the average person clearly contributes to welfare in the wider sense, though of course it is far from being the only component. So it is possible to imagine a social welfare function that has GDP as one of its components alongside health, equality, human rights, etc.

Anambralstson:


GDP deals in aggregates, GDP per capita in averages. In an age where a huge cause of social dislocation is inequality, GDP has nothing to say about distribution. Averages are misleading. Medians are better than means. A rise in average GDP could actually be retrograde, if it leaves 99% of people resentful at how the 1% is making good. From the Nigeria GDP table below are you telling me Imo state is more economically bouyant than Anambra, Kano and Ogun Or Osun is more economically bouyant than Anambra You should stop fooling yourself

oyatz:
You are the one fooling yourself here for thinking personal opinions or wishes ( often tinted by ethnic prejudices) are better ways to measure the sizes of an economy than the GDP.


The GDP of a State measures the amount of ECONOMIC activities going on in that State at a point in time.

Economic activities include anything that bring money including Farming, Animal husbandry, Mining, Export of cotton, hides &skin, Gum Arabic, groundnuts etc from Kano In additional to economic activities in Bompai industrial Estate in Kano.
Kano , being on the Trans-Saharan trade route has been an important economic centre since the 15th century.








A State like Kano with a huge landmass, about 15-20 million population and 44 LGAs receiving millions in allocation every month ought to have 5 times the size of it's current GDP if we are a serious country.

Anambra is doing well considering it's limited landmass, resources and population thanks to it's human capital development in the last 60years but it will be very wrong to be insinuating that it is or should have a greater GDP than Kano.

Anambralstson:

GDP is not a measure of “wealth” at all. It is a measure of income. It is a backward-looking “flow” measure that tells you the value of goods and services produced in a given period in the past. It tells you nothing about whether you can produce the same amount again next year. For that, you need a balance sheet - a measure of wealth. Companies have balance sheets as well as income statements. Nations don’t.
When Nigeria was busy selling high-priced oil to the world before the price crash, its GDP was soaring. But its wealth was falling. Oil deposits were used up, but cash was not reinvested in human, physical and technological capacities to ensure future income.

Anambralstson:

At least from Nigeria GDP report Imo state economy is bigger than Kano



So NBS were wrong with their five years financial transactions report

Which they stated clearly that bank credit /deposit in each state may be used as an indicator of the level of economic activity and wellbeing of operators (households and businesses) in a particular state

oyatz:
You are the one fooling yourself here for thinking personal opinions or wishes ( often tinted by ethnic prejudices) are better ways to measure the sizes of an economy than the GDP.


The GDP of a State measures the amount of ECONOMIC activities going on in that State at a point in time.

Economic activities include anything that bring money including Farming, Animal husbandry, Mining, Export of cotton, hides &skin, Gum Arabic, groundnuts etc from Kano In additional to economic activities in Bompai industrial Estate in Kano.
Kano , being on the Trans-Saharan trade route has been an important economic centre since the 15th century.








A State like Kano with a huge landmass, about 15-20 million population and 44 LGAs receiving millions in allocation every month ought to have 5 times the size of it's current GDP if we are a serious country.

Anambra is doing well considering it's limited landmass, resources and population thanks to it's human capital development in the last 60years but it will be very wrong to be insinuating that it is or should have a greater GDP than Kano.

superlightning:


same as major chukwuma nzeogwu.

by the way Nigeria's richest pastor, oyedepo is not Yoruba, he is from kwara in north central Nigeria.

Anambralstson:

At least from Nigeria GDP report Imo state economy is bigger than Kano



So NBS were wrong with their five years financial transactions report

Which they stated clearly that bank credit /deposit in each state may be used as an indicator of the level of economic activity and wellbeing of operators (households and businesses) in a particular state

Anambralstson:

Of course I know, Igbo doesn't end in Southeast, same with Yoruba and fulani.

Ofemannnu:


THAT IS OLD.
THIS IS A NEW ONE AND SW LEADS.NW AND SE ARE FIGHTING FOR THE LAST SPOT.

Anambralstson:

Onitsha Market is the largest market in West Africa based on geographical size and volume of goods,The average traders in the area are known to bring in at least six consignments of 40 tonnes (40-feet containers) of goods annually. Some of the major importers do more than 200 consignments of 40 tonnes of goods per year. These include jewelry, clothing, household, industrial and office equipment. It is massively patronized by merchants in the North, South-South, even southwest the ECOWAS sub-region including Accra, Abidjan, Douala, Niamey and Cotonou

Westbestside:
claiming development. Show us any road network like this one in Ibadan in any part of your east. You guys jealous Ibadan like mad

oyatz:
Now I Know it's a waste of time and dissipation of energy trying to tutor you on indices of economic activities.


So pictures of Markets are reliable and better ways to measure the size of an economy than GDP?

oyatz:

Why is it difficult for you to understand that
operators of bank accounts don't equal all the people living in a State and economic activities can take place without involving bank accounts?

Anambralstson:

And you where silent when you brother wrote Ibadan is bigger than Southeast put together, Anambra is second most densely populated state after Lagos, with zero slum unlike Ibadan

Welcome to Onitsha: the city with the world’s worst air


https://www.theguardian.com/cities/2017/feb/13/polluted-onitsha-nigeria-perpetual-dust-city-world-worst-air

kettykin:


Go and check again , his Tank Farm is purely to import fuel into the country and move to his business locations all over his buiness and interest Areas , and what is the Tank farm compared to his investments over seas and in the East , why did he not build his stadium in Ogun State or Lagos state and float hsi Ifeanyi Uba FC.

Rolings:


Well the Op is saying no to that and I said he should talk to those youths who spend so many years after arriving in Lagos trying to process travel documents, don't go back home after clearing their goods and instead find Lagos more comfortable,....those selling gala in hold up have no business being there according to the Op they should be back in the east but that is not what's happening...