Joey82: when will this astronomical growth affect the life of a common man.
hw can an economy be said to be growing fast when the real sector is completely comatose.
all these compressed and fictitious figures been conjured should translate to a better life for all of us jare.

Idi-Amin:
This is superrrr stooooory !!! This is superrrr stooooory !!!

The legislation authorized the President of the United States to determine which sub-Saharan African countries would be eligible for AGOA on an annual basis. The eligibility criteria was to improve labor rights and movement toward a market-based economy. Each year, the President evaluates the sub-Saharan African countries and determines which countries should remain eligible. As of August 2009, there are 41 AGOA-eligible countries.

AGOA has resulted in limited successes in some countries. In addition to growth in the textile and apparel industry, some AGOA countries have begun to export new products to the United States, such as cut flowers, horticultural products, automotives and steel. While Nigeria and Angola are the largest exporters under AGOA, South Africa's have been the most diverse and unlike the former are not mainly concentrated in the energy sector. To some countries, including Lesotho, Swaziland, Kenya and Madagascar, AGOA remains of critical importance. Agricultural products is a promising area for AGOA trade, however much work needs to be done to assist African countries in meeting U.S. sanitary and phytosanitary standards. The U.S. government is providing technical assistance to AGOA eligible countries to help them benefit from the legislation, through the U.S. Agency for International Development (USAID) and other agencies. The U.S. government has established three regional trade hubs in Africa for this purpose, in Accra, Ghana; Gaborone, Botswana; and Nairobi, Kenya.

In 2011, U.S. exports to SSA increased by 23%, reaching $21 billion in exports. In comparison,
U.S. exports to the world increased by only 15%, showing a relative increase in exports to SSA.
The top five SSA destinations for U.S. exports were South Africa (29% increase since last year),
Nigeria (18%), Angola (16%), Ghana (21%), and Ethiopia (-11%)
2
. U.S. exports in machinery,
vehicles, mineral fuels, cereals and aircraft drove the growth of exports to SSA. In Nigeria,
South Africa, and Ghana, imports of U.S. vehicles and machinery increased substantially. The
SSA share of the U.S. export market is 1.4% of total U.S. exports to the world, up from 1.3% in
2010.
U.S. imports from SSA increased over the past year as well, reaching $74.2 billion, up nearly
14% from last year. This increase in U.S. imports from SSA reflects the growth of overall U.S.
imports, which increased by 15% since 2010. Mineral fuels, precious metals and stones, vehicles,
and cocoa products drove this increase in U.S. imports from SSA. Mineral imports continue to
dominate the U.S. import market share at $60 billion (a 13% increase since 2010.) Vehicle and
cocoa imports increased substantially over the past year by 35% and 23% respectively. Cocoa
imports increased dramatically due primarily to the lifting of international sanctions on Côte
d’Ivoire. Major exporters to the U.S. were Nigeria, Angola, South Africa, Gabon, and Chad. In
2011, oil imports dominated imports from Nigeria (99.5%), Angola (98.7%), Gabon (97.4%),
and Chad (99.7%). Imports from South Africa are more diverse with precious stones, vehicles,
and iron and steel sharing major portions of the trade portfolio.
In 2011, imports under the African Growth and Opportunity Act (AGOA) totaled $51.8 billion.
3

This represents a 34% increase in AGOA imports since 2010. Mineral fuels and crude oil drove
this increase and accounted for 94% of imports ($48.4 billion). AGOA imports of non-energy
products increased by 26%. The main non-energy imports under AGOA were vehicles, iron and
steel, and apparel (woven and knit). U.S. vehicle imports increased by 32.5% reaching $2 billion,
with most vehicle imports coming from South Africa. Iron and steel imports increased by 44% to
$204 million with imports coming primarily from South Africa as well. Apparel, knit and woven,
imports increased by 21% ($445 million) and 14% ($409 million) respectively, with Lesotho,
Kenya, and Mauritius leading. The top five AGOA import partners in 2011 were Nigeria ($33.8
billion), Angola ($13.8 billion), South Africa ($9.5 billion), Gabon ($4.4 billion), and Chad ($3.2
billion). Energy-related products are the primary imports from all of these countries with the
exception of South Africa, for which precious metals dominate U.S. imports from South Africa.

Ijebulogic: Hmmm, no PHCN or basic infrastructure, No security or healthcare, depressed stock market (bottom 3 in the world), No functional national rail, sub-standard aviation, weekly terrorist strikes, rapidly falling oil prices, low manufacturing and high consumerism via imports, corruption at all levels of government, eroded educational and value systems. If all of these factors make us one of the fastest growing nations then i'd hate to see what life is like in the slowest growing nations. The rating agency can take their top 10 analysis and shove it!

Joey82: when will this astronomical growth affect the life of a common man.
hw can an economy be said to be growing fast when the real sector is completely comatose.
all these compressed and fictitious figures been conjured should translate to a better life for all of us jare.

Redhot111: Back in my primary skool days, dia is dis guy who normaly take d last position. i.e 50 out of 50. And wen eva d teacher calls him last, he always burst into uncontrolable cries. So after sum yrs d teacher nw decided to announce all result frm behind. So dat my guy ws always said 2 be 1st to save all of us a whole lot of trouble. Am sure dis is d case here.