Commentor:
By Prinesha Naidoo


https://www.bloomberg.com/news/articles/2020-03-03/nigeria-now-tops-south-africa-as-the-continent-s-biggest-economy

Area4Area:
FYI, Nigeria's economic growth is accounted for by the oil and non-oil sectors.
If oil price and production increases the economic growth rate increases and if it goes down, growth rate reduces.

Tell us the price of a barrel of oil in January 2014 and January this year

Area4Area:
I'm sure if it was Nigeria that was said to have gone into recession again you'd have been happy and cursing Buhari, Tinubu and APC.
Abeg go siddon abeg, Nigeria's economy is the largest on the continent and economic growth is getting faster, deal with that for now.

Officialgarri:
I thought they said Buhari is a disaster, so where's all these good news coming from. ?
How is this good news? Did you read the post at all? Nigeria's economy overtook SA's not because it grew but because SA's economy shrunk. Nigeria's economy was worth over $500bn dollars pre 2015. A little google search would help with that. Thank me later

We wailers can't stop crying after hearing good news.

Another will still join you with "audio economy" even if the source is Bloomberg.

Officialgarri:
I thought they said Buhari is a disaster, so where's all these good news coming from. ?


We wailers can't stop crying after hearing good news.

Another will still join you with "audio economy" even if the source is Bloomberg.

ezenwajosh:
SOUTH AFRICA ENTERED RECESSION NOT THAT YOUR ECONOMY IMPROVED?

ACTUALLY THE PEOPLE LEAVING NIGERIA IS ACTUALLY THE PEOPLE STILL HOLDING YOUR ECONOMY THEY ARE SO LITTLE BUT THEY STILL PUMPING THE BLOOD IN YOUR ECONOMY BECAUSE ONE THING IS CERTAIN FOR SURE A SUDANESE MAN CAN'T RUN A VIABLE GOVERNMENT.... IT HAS NEVER HAPPEN AND CAN NEVER HAPPEN....

Acidosis:
More like celebrating South Africa's recent fall. [b]Our economy didn't improve, [/b]South Africa only slumped to another recession.

There's nothing to celebrate.

Rossinnki:


Mehn, but we carry weight for this continent sha..

Dammit.

In fact, looking at the above statement, one might as well say that without Nigeria, there is nothing like Africa.

Yet some idiots want to split up this country into little, inconsequential Liberias. When you sneeze nobody will notice.

Rubbish.

Nigeria Finally Unseats South Africa As The Most Valuable Brand In Africa
By Andrew Christian December 10, 2019

For 9 years, South Africa has been blowing Nigeria – Africa’s largest economy – out of the water as the country with the most valuable brand in the continent. But things have changed as the West African country has taken over in 2019, per findings from the 2019 Nation Brands report by U.K-based Brand Finance.

The 2018 edition of the report valued South African brands at USD 207 Bn ahead of Nigeria’s USD 203 Bn. As S.A’s nation brand diminished by 7 percent the past year, that of Nigeria grew by 6 percent. Dwelling on the different of just a few billion dollars, the report did warn that South Africa risked being Africa’s most valued brand following years of mismanagement.

David Haigh, CEO of Brand Finance, said while South Africa remained the gateway to Africa for close to a decade, it faced an uphill battle.

“As South Africa struggles to recover from the turmoil of the Zuma years, its nation brand is also in danger of being overtaken by Nigeria, making it one to watch for years ahead,” Haigh wrote in the foreword of the 2018 report.

Last year, South Africa was the world’s 49th most valuable national brand, while Nigeria was the 50th. This year, Nigeria leaps 10 places and comes six places before South Africa, securing the 40th place on the ranking. Africa’s former most valuable national brand now occupies the 47th place on the report.

Egypt, up from the 54th position in last year, now sits in 49th position, making it the third most valuable nation brand in Africa. As fourth in line Algeria sits at 56th, thought it occupied the 58th position in the previous report. Morocco and Kenya were ranked at 64th and 66th respectively.
>

Area4Area:
You won't see wailers in threads like this, people who wake up and wishing evil on their country as if if anything bad happens, they won't be affected.

Nigeria went into a recession years back,
Naira was on a free fall etc and they were all happy

Fast forward and the reverse became the case and they became angry.

South Africa entered another recession and they were wishing it was Nigeria that was mentioned.

sucess001:
Either you don't know shit about the economy or your being mischievous. Nigerian economy was the biggest in Africa under Jonathan and even then its not an achievement. Economy is the interpersons economic activities.... The buying and selling we do forms part of the economy. So if u are rejoicing that the trade 200million people do is more than that done by 55million people, then you are delusional. We shouldn't even be mentioned in the same sentence with south Africa on economic indices if the government is properly stimulating the economy

Officialgarri:
I thought they said Buhari is a disaster, so where's all these good news coming from. ?


We wailers can't stop crying after hearing good news.

Another will still join you with "audio economy" even if the source is Bloomberg.

9jaRealist:


No pain, no gain...
Every human advancement arises from resolving some "wahala!"
>

Rossinnki:


Mehn, but we carry weight for this continent sha..

Dammit.

In fact, looking at the above statement, one might as well say that without Nigeria, there is nothing like Africa.

Yet some idiots want to split up this country into little, inconsequential Liberias. When you sneeze nobody will notice.

Rubbish.

saaron:
If Biafra were independent nation from 1966 to date, the country will be dragging economic might with Asian tigers like China, South Korea, Singapore, Malaysia etc, not South Africa. Biafra would have launch Africa positively on the world map as a black economy powerhouse. A people that could organized themselves to manufacture Amoured tanks and spectacular weapons from scratch to hold Nigeria for 3 good years to the amazement of America and Europe shows the ability and ingenuity of Biafrans. Biafra would have join the like of America and Russia as major arms suppliers in the world!
Now imagine them channeling that same energy and spirit to develop their country economically? The black race would have gain more respect today. But because of the virus of One Nigeria, that reality was dashed - (but not forever, Biafra will raise again).
Nigeria is nothing but a glorified village. A country cursed with mediocrity, terrorism, quota system, and the ''Put them down Syndrome.''
Nigeria can't even boast of a world class city. Countries like Ivory Coast have better and well developed cities than Nigeria.
The fact that the God forsaken country is even struggling economically with South Africa is a big shame because Nigeria's economy was on the same level with South Korea in 1960. Today South Korea is not only competing with China, the country has world class companies competing with the likes of Apple and General Mottors of America! And we here celebrating mediocrity. What's the benefit of being Africa's largest economy when we can't even manufacture pencils? Does Nigeria have a functional steel company? How can Nigeria become an industrial manufacturing hub when common Abeokuta steel complex is in shambles? Nigeria is nothing but a failed state!
South Africa's economy, as it is even in recession is still by far more robust and developed in manufacturing, service industry, commerce, power, infrastructure than Nigeria. Remove crude oil from the country's economy and Nigeria will disappear from the world map!
Total division of Nigeria is the only way out of this perennial economic calamity that is Nigeria.
ONE NIGERIA IS DEAD!

nuele:
1 dollar to 15.38 Rand
1 dollar to 365.50 Naira

1 Rand to 23.77 naira

Why are we being deceived, if our economy were that good, our currency won't go that way.

We don't need a soothsayer to tell us our economy is poor, infact extremely poor.

So you as a Nigerian investor, you want to buy a machine worth $1000 which would cost you 365,000 Naira compared to a South African investor who will paid15,380 Rand.

Which of the two investors would be smiling?

People rejoicing at these "audio" economy should continue...

Jaqenhghar:
Which day una go transit from pain begin gain. Over 50 years una still dey pain...and the pain keeps increasing. Even countries when start after una don dey gain

Look at that country critically. In the 50+ years of its existence , apart from ebola eradication and maybe killing of twins, is there one problem you have successfully solved? Ill wait

Tunde835:
China Has A Gdp of 12.24 Trillion Dollars While Usa Has 19.39 Trillion So I Don See What We Are Talkin About In dis

destinie2019:


Don't mind them. Buhari and his junta are the only beneficiaries. They are dipping into the dollar reserve. They are dollar denominated. Naira is strange to them. That's why he devalued the naira even further since he came. If all we produce is oil and we buy everything, what was the rationale behind weakening the naira


Shege poverty capital.