I had never seen a country like Nigeria, a country where the majority of the population is wishing the country bad every passing minute, you can't blame the citizenry anyway, things are really awful.

I find it surprising that despite everything, Nigeria is generally doing good as far as the world is the concern, although truthfully this big economic fortune does not reflect on the lives of the common Nigerian.

Nigeria is among the top 30 biggest economy in the world and the biggest economy in the African continent, despite that we don't have numerous advantages of the other African giants like South Africa, Egypt, Algeria and Ethiopia, I find it quite hard how Nigeria manages to edge those.

Being the 25th biggest economy in the world and the first in Africa is no small feet especially for a country like Nigeria where corruption, insecurity and mismanagement of resources is the order of the day.

I honestly don't know how we are doing it.

AlexBells:
I had never seen a country like Nigeria, a country where the majority of the population is wishing the country bad every passing minute, you can't blame the citizenry anyway, things are really awful.

I find it surprising that despite everything, Nigeria is generally doing good as far as the world is the concern, although truthfully this big economic fortune does not reflect on the lives of the common Nigerian.

Nigeria is among the top 30 biggest economy in the world and the biggest economy in the African continent, despite that we don't have numerous advantages of the other African giants like South Africa, Egypt, Algeria and Ethiopia, I find it quite hard how Nigeria manages to edge those.

Being the 25th biggest economy in the world and the first in Africa is no small feet especially for a country like Nigeria where corruption, insecurity and mismanagement of resources is the order of the day.

I honestly don't know how we are doing it.

Thunder where are you?

AlexBells:
I had never seen a country like Nigeria, a country where the majority of the population is wishing the country bad every passing minute, you can't blame the citizenry anyway, things are really awful.

I find it surprising that despite everything, Nigeria is generally doing good as far as the world is the concern, although truthfully this big economic fortune does not reflect on the lives of the common Nigerian.

Nigeria is among the top 30 biggest economy in the world and the biggest economy in the African continent, despite that we don't have numerous advantages of the other African giants like South Africa, Egypt, Algeria and Ethiopia, I find it quite hard how Nigeria manages to edge those.

Being the 25th biggest economy in the world and the first in Africa is no small feet especially for a country like Nigeria where corruption, insecurity and mismanagement of resources is the order of the day.

I honestly don't know how we are doing it.

We are among the biggest economy because it's based on our fake population

Nigeria population is no way pass 100 million at most

Forget the lies. Nigeria is very very very baaaaaad!!!.

OP, you again.

Idafire:
OP, you again.

What did I do wrong this time ?

I honestly don't know how we are doing it.


We? If u don't mind, what's ur stake? Lastest report says over 90% of Nigerians can't afford half a million.

Usonkwu:
I honestly don't know how we are doing it.


We? If u don't mind, what's ur stake? Lastest report says over 90% of Nigerians can't afford half a million.

Could be we are scamming the whole world, we seem to be learning fast from our big bro (China) I'm not surprised

Alexbells. Nominal GDP doesn't show standard of living (wealth vs poverty). To understand if Nigeria is rich or poor, you need to compare countries by either real GDP per capita or by (ppp) GDP per capita.

These two measures are not even perfect as they do not reflect income inequality, so looking at the Human development rankings and also percentage of poor versus rich is also good.

The only nominal gpd value that makes sense is the GDP growth rate as this shows whether a country is growing faster.

Happy Sunday
https://www.worldometers.info/gdp/gdp-per-capita/

Tianamen1:
Alexbells. Nominal GDP doesn't show standard of living (wealth vs poverty). To understand if Nigeria is rich or poor, you need to compare countries by either real GDP per capita or by (ppp) GDP per capita.

These two measures are not even perfect as they do not reflect income inequality, so looking at the Human development rankings and also percentage of poor versus rich is also good.

The only nominal gpd value that makes sense is the GDP growth rate as this shows whether a country is growing faster.

Happy Sunday
https://www.worldometers.info/gdp/gdp-per-capita/

Is it not better that we feel good with the report, cause you will just start a fight with all these details, one thing I have realised about us, we are always looking for where things is terrible for our country, if we scale the GDP stuff down to Nigerian state you will realise arguments on GDP and then per capita income, even VAT, so once it is we against the world we find a way to mess up our country's reputation and by far this reputation mess impact the common man most

mrvitalis:

We are among the biggest economy because it's based on our fake population

Nigeria population is no way pass 100 million at most

Which kin Mumu talk be this sef

Usonkwu:
I honestly don't know how we are doing it.


We? If u don't mind, what's ur stake? Lastest report says over 90% of Nigerians can't afford half a million.

You don't know what you're talking about

What do you mean by "over 90% of Nigerians can't afford half a million"?

AlexBells:
I had never seen a country like Nigeria, a country where the majority of the population is wishing the country bad every passing minute, you can't blame the citizenry anyway, things are really awful.

I find it surprising that despite everything, Nigeria is generally doing good as far as the world is the concern, although truthfully this big economic fortune does not reflect on the lives of the common Nigerian.

Nigeria is among the top 30 biggest economy in the world and the biggest economy in the African continent, despite that we don't have numerous advantages of the other African giants like South Africa, Egypt, Algeria and Ethiopia, I find it quite hard how Nigeria manages to edge those.

Being the 25th biggest economy in the world and the first in Africa is no small feet especially for a country like Nigeria where corruption, insecurity and mismanagement of resources is the order of the day.

I honestly don't know how we are doing it.

Please, what do you mean by the bolded?
Nigeria have oil and gas in abundance, plenty of solid minerals, large expanse of arable land, a very large youthful population, etc! What exactly are those other countries have that we do not have?
I think the only problem we have is that God willingly blessed us with stupendously selfish human beings that usually grow up to be moronic and senile elders

sinkhole:
Please, what do you mean by the bolded?
Nigeria have oil and gas in abundance, plenty of solid minerals, large expanse of arable land, a very large youthful population, etc! What exactly are those other countries have that we do not have?
I think the only problem we have is that God willingly blessed us with stupendously selfish human beings that usually grow up to be moronic and senile elders

For instance Egypt have numerous advantage, near uninterrupted civilisation, South Africa their was perfect transition from colonialisation to present day, the white never really left, Algeria very closer to Europe and the rest and they have racial advantage, Ethiopia not really ever colonised yet there was this proximity to italy which endured through the present day.

Note resources don't always build a civilisation rather it is capacity and knowhow that does

Remittances from good brains in diaspora..



Imagine sb sending 10k euros down to family this period. Know what that means?


Individual efforts of progressive minded ppl determined to make it in life too

AlexBells:

For instance Egypt have numerous advantage, near uninterrupted civilisation, South Africa their was perfect transition from colonialisation to present day, the white never really left, Algeria very closer to Europe and the rest and they have racial advantage, Ethiopia not really ever colonised yet there was this proximity to italy which endured through the present day.

Note resources don't always build a civilisation rather it is capacity and knowhow that does

You don't know what u wrote.Nigerians sha can be so dumb

Nigerias’ economy is not ‘so good’! That being said, what has helped keep the country from imploding, like we see in other countries that go through similar economic challenges, is that the Nigerian economy ab-initio does very little for the average Nigerian or common man in the street....it’s always been every man for himself, right from say the 80s! The proceeds from oyel and gas are largely squandered by and for the benefit of the upper-middle and upper classes! If the gov’t ceases to exist tomorrow, life will still go on in one form or the other!

GDP is not everything. GDP per capital is more important. Nigeria has a higher gdp than Norway, but no way you will say that Nugeria is better than Norway. Our GDP per capital is less than $4000, one of the lowest in the world

ENG0701:
GDP is not everything. GDP per capital is more important. Nigeria has a higher gdp than Norway, but no way you will say that Nugeria is better than Norway. Our GDP per capital is less than $4000, one of the lowest in the world

Exactly!

ENG0701:
GDP is not everything. GDP per capital is more important. Nigeria has a higher gdp than Norway, but no way you will say that Nugeria is better than Norway. Our GDP per capital is less than $4000, one of the lowest in the world

Correct!

AlexBells:

For instance Egypt have numerous advantage, near uninterrupted civilisation, South Africa their was perfect transition from colonialisation to present day, the white never really left, Algeria very closer to Europe and the rest and they have racial advantage, Ethiopia not really ever colonised yet there was this proximity to italy which endured through the present day.

Note resources don't always build a civilisation rather it is capacity and knowhow that does

I think I can understand you now, but all-in-all, what matters most is the people. I think in Nigeria, there is no sense of nationalism, because in the past, each individual nations of Nigeria were great, in their own rights and the citizens felt these sense of national pride and belonginess!

AlexBells:

Could be we are scamming the whole world, we seem to be learning fast from our big bro (China) I'm not surprised

Nah. Why shut ur eyes tight in daylight? I'm no economist but i don't need to be one to know what is here is false equivalence. Unlike comparable countries, most of Nigeria's wealth is OUTSIDE the country. Whenever there is serious economic tumble, oversea remmittances come in to create false bouyancy. Hence, Nigeria's economy can neither grow exponentially nor crash horribly.

DubaiLandLord1:
You don't know what you're talking about

What do you mean by "over 90% of Nigerians can't afford half a million"?

There is a Vanguard news report to this effect(26th October).

This is why i hate hanging around hopeless pessimists and people with affinity to poverty.

All they see is negativity and work extra hard at spreading their depression and negative outlook to life.

Just look at the usual suspects up there.

When an economically poor person speaks, you can't help but notice. How can anyone compare the size of the economy without comparing the population.

Its like saying papa bashiru who has a 60k income pre month with a family size of 20 is richer than papa bola with an income of 40k per month with a family size of 8. Simple arithmetic.

Check the per capita income then you will realize Nigeria is doing really bad

teeytimi:
When an economically poor person speaks, you can't help but notice. How can anyone compare the size of the economy without comparing the population.

Its like saying papa bashiru who has a 60k income pre month with a family size of 20 is richer than papa bola with an income of 40k per month with a family size of 8. Simple arithmetic.

Check the per capita income then you will realize Nigeria is doing really bad

Depending on how you look at it, if Papa Bashiru as you said it has 60K and twenty children but Papa Bola has 40K and 8 children Papa Bashiro is still richer, because he can as well refuse to take care of his twenty children or at most take care of his favourite, it is not his business if the rest live or die, it is called wickedness but it is never said that the wicked can't be rich that's what is happening in Nigeria

mrvitalis:

We are among the biggest economy because it's based on our fake population

Nigeria population is no way pass 100 million at most

I had never seen a country like Nigeria, a country where the majority of the population is wishing the country bad every passing minute, you can't blame the citizenry anyway, things are really awful.

AlexBells:

Depending on how you look at it, if Papa Bashiru as you said it has 60K and twenty children but Papa Bola has 40K and 8 children Papa Bashiro is still richer, because he can as well refuse to take care of his twenty children or at most take care of his favourite, it is not his business if the rest live or die, it is called wickedness but it is never said that the wicked can't be rich that's what is happening in Nigeria

Well, you may be wrong, it may not be deliberate. What if it's plain stupidity. People have shouted themselves hoarse about fostering harmonial working relationship amongst ethnic groups. Now, a caste system is not an impossibility if downward economic trajectory continues.

rexwalters:
I had never seen a country like Nigeria, a country where the majority of the population is wishing the country bad every passing minute, you can't blame the citizenry anyway, things are really awful.

That's what you get when merit ,equity and justice is relegated

Usonkwu:


Well, you may be wrong, it may not be deliberate. What if it's plain stupidity. People have shouted themselves hoarse about fostering harmonial working relationship amongst ethnic groups. Now, a caste system is not an impossibility if downward economic trajectory continues.

The fact is that the federal system is great but the people of Nigeria had lost focus especially in the tribal leadership, Benin still have the Oba and laziness is the issue here, Benin city wasn't built with crude oil some centuries back, everything by which Benin was built except for its army is still with her, why can't a great city build today, the problem Nigeria is not quite about favoritism the problem is entitlement but this is a bit of digression, my reply earlier had nothing sort of ethnic intention it is just the real situation making you judge from a particular direction

AlexBells:

Depending on how you look at it, if Papa Bashiru as you said it has 60K and twenty children but Papa Bola has 40K and 8 children Papa Bashiro is still richer, because he can as well refuse to take care of his twenty children or at most take care of his favourite, it is not his business if the rest live or die, it is called wickedness but it is never said that the wicked can't be rich that's what is happening in Nigeria

we are not talking about the individual here, what we are saying is the entire family

teeytimi:
we are not talking about the individual here, what we are saying is the entire family

It still same thing, what if like 3 members of the family had hijacked everything,