₦airaland Forum

zaandrew: You the fool who wants to throw away your forghin reserve

Fighter Pilot: This was obtained from wikipedia

ey producers

As of 2005, strategic minerals and key producers were:

Diamonds: 46% of the world, divided as Botswana 35%; Congo (Kinshasa) 34%; South Africa 17%; Angola, 8%.[7]

Gold: 21% of the world, divided as South Africa 56%; Ghana, 13%; Tanzania, 10%; and Mali, 8%.[8]

Uranium: 16% of the world, divided as Namibia 46%; Niger 44%; South Africa less than 10%.[9]

Bauxite (for aluminium): 9% of the world, divided as Guinea 95%; Ghana 5%.[10]

Steel: 2% of the world, divided as South Africa 54%; Egypt 32%; Libya 7%; Algeria 6%.[8]

Aluminium: 5% of the world, divided as South Africa 48%; Mozambique 32%; Egypt 14%.[10]

Copper (mine/refined): 5%/ of the world, divided as Zambia 65%/77%; South Africa 15%/19%; Congo (Kinshasa) 13%/0%; Egypt 0%/3%.[10]

Platinum/Palladium: 62% of the world,[11] divided as South Africa 97%/96%.[12]

Coal: 5% of the world, divided as South Africa 99%

zaandrew: Before you try and call a cobra a ifv look up what defens the IFV.

Fighter Pilot: What makes any country rich is the GDP per capita. That is the basics of Economics. If your economics teaches you otherwise then I am afraid.

Moreover, with your Accounting degrees et al, DRC remains the richest country in Africa in terms of minerals and definitely not Nigeria.

zaandrew: the law of common sense...

Fighter Pilot: Our budget yearly exceed that $60 billion dollar. You cannot even afford to built powerstations but here you are making noise. Is this not hypocrisy? Shame!!

zaandrew: thousands of thousands?

zaandrew: You dont seem to know what forghin reserve is used for, yet we must still believe you are a accounted

zaandrew: And this has what to do with what was said. And your MTLBs were bought for you by America.

Fighter Pilot: Nigeria cannot have more than $7 billion foreign because they do not qualify for much bigger debt due to their limited avenues for collection. The government makes not more than $25billion in tax collection.

Fighter Pilot: Foreign debt is not something to be paid off in cash. It has to be paid on installments and that is what SA is doing. We still have enough money to even loan other countries, such as Zimbabwe, Lesotho, Swaziland, etc. We have recently bailed out Zimbabwe to the tune of $100 million.
http://www.timeslive.co.za/thetimes/2013/04/16/sa-bails-out-zimbabwe-to-tune-of-r900m

America (US) is even worse because their foreign debt is egual to the GDP, yet the US continue to help the unfortunate in the likes of Nigeria to this day.

agaugust: https://www.westmountmotel.com/images/CashDash.jpg


[size=16pt]south africa is NOT richer than nigeria[/size]

http://allafrica.com/stories/201209120083.html
http://data.worldbank.org/sites/default/files/gdf_2012.pdf
http://www.resbank.co.za/Pages/default.aspx

GDP is a poor measure of wealth. Net-worth in terms of dollar/other forex cash reserves minus debts is a better measurement. Regular cash in-flow per month is also very important.

the above is the easiest way to determine which country is richer, other methods do not show real purchasing power and savings.


south africa's external debt is about $47 Billion

nigeria's external debt is $7 billion


net cash south africa about $3 billion

net cash nigeria about $43 billion



the above means each south african citizen is truly worth $57, while each nigerian citizen is truly worth $243.

GDP does not show a country's real financial power. you cannot buy goods from europe/america/china and pay with your GDP, but you can pay with your dollar cash reserves, or your monthly cash flow

as usual, south africa is over-rated. subtract their external debt from their dollar/other forex reserve and south africa is cleary in deficit/negative funds. do same for nigeria and we have a surplus of about $40 billion

[size=16pt]Nigeria is actually richer than South Africa.....by about $40 billion ![/size]

Definition of net cash :

http://www.investopedia.com/terms/n/net-cash.asp

.

saengine: Thats nice. Now tell us how much SA has in gold reserves. And show us how much Nigerias mineral wealth is estimated at compared to South Africa's.

agaugust: https://blogs-images.forbes.com/helaineolen/files/2012/07/bag_of_money.png





Nigeria has $32 Trillion mineral wealth reserves, highest in Africa


''proven oil reserves in Nigeria as of 2011, ranking the country as the largest oil producer in Africa and the 11th largest in the world, averaging 2.28 million barrels per day (362×103 m3/d) in 2006. At current rates this would be 45 years of supply if no new oil was found. "

Nigeria and São Tomé have an agreement in which the Joint Development Authority was created to explore and produce oil in the waters between Sao Tome and Nigeria. Nigeria and Sao Tome share this area, called the Joint Development Zone, or JDZ. This area could contain up to, or over, 14 billion barrels of oil.

http://en.wikipedia.org/wiki/Oil_reserves_in_Nigeria

"Natural gas reserves are well over 187 trillion ft³ (2,800 km³), the gas reserves are three times as substantial as the crude oil reserves. "

http://en.wikipedia.org/wiki/Petroleum_industry_in_Nigeria

The occurrence of bitumen deposits in Nigeria is indicated at about 42 billion tonnes; almost twice the amount of existing reserves of crude petroleum. Analytical results suggest that this potential resource can be used directly as an asphalt binder. Most bitumen used for road construction in Nigeria is currently imported.

http://www.nipc.gov.ng/deposit.html


add the barrels of crude oil together, add the gas reserves 3 times the oil, add the bitumen oil sands 2 times the oil reserves. (37+10) add (37+10) x3 add (37+10) x2 then multiply the answer by $100 current market price for oil (nigerian oil grade is the best in the world and most expensive) answer you get is $30 Trillion. then add the solid minerals below...the answer will blow your mind with envy !

coal is 3 billion tonnes, iron ore is 3 billion tonnes, multiply their market value $115 per tonne both rising towards a trillion dollars. there are 34 different types of solid minerals, estimate for them will coal and iron ore $2 Trillion market value for all the 34 solid minerals. nigerian limestone deposit is even bigger than our coal and iron ore value, nigeria is the paradise of mineral wealth and king of africa with no rival.

http://www.nipc.gov.ng/deposit.html

you see why many south africans cannot understand my economic posts, they find it hard to do mathematics when i give them the sources of data. you also see how honest i am and sincere with the truth.

i quoted Congo DRC wealth by copying what someone gave me but he had no source, so i went to find a source and i got Congo DRC total mineral wealth is $24 Trillion

http://en.wikipedia.org/wiki/Mining_industry_of_the_Democratic_Republic_of_the_Congo

Nigeria is the richest country in africa in terms of mineral wealth, net-worth cash, we dwarf south africa.

economic textbook classifies nigeria as frugal economy that has money and saves, refuses to spend much. south africa is classified as welfare/tending spendthrift economy because it runs into huge spending...but at a painful cost that makes it have debt of $40 billion for a 51 million population. it is a time bomb.


.

zaandrew: Debt is only a problem if you struggle to pay the instalments, and sa is not haveing that problem now is it. We just gave the DRC 3 million Rand, and gave the bric bank 5 billion USD (or more than the Nigerian defence budget)

Yes and your budget is tiny and your forghin reserve is not bigger than ours. Are you sure you a accountant

zaandrew: Mirrage 2000? Ok since you started off so horrbily wrong I don't see a need to commint. I will had that yes we did get some aid from israel but all the work was done by south africans and the cheeta C and kirf have many difrenices.

The cheeta C flew a mock dog fight with USAF F15 and in the end they caim out to be equel. The eltronics and sub sytems of the cheata C matched the F16. A source for this was all ready posted some time ago. Do I need to repost it.

....and you south africa liars are real cheaters.... you cheat too much with lies and stolen glory

saengine: Are our enemy fighting us with paper planes that cost THEM nothing to operate? Prolonged war becomes a battle of budgets. A prolonged war can be sustained, but it would make a huge dent into the fiscus. Same as it would to our enemy.

Fighter Pilot: You see why I do not even want to engage in military debate with you. Mirage 2000 is more advanced and is a 4th gen. Our very own was mirage F1.

zaandrew: Since when does that change any thing. You could fite the PL9 on the old mig 21 if you want to. And what does it matter china made it. Supper power make crapy sytems all the time.

The F7 is desghiend to fly in large numbers and intecept enemy air attacks. Nigeria does not have large numbers or any need for a inteptor. Talk about waist. 7 SU27 would have been a better deal

Yes the F7 could kill most west african air forces aircraft but then do littel els.

The mig 21 and f7 both carry small bomb loads, have poor endurance and are not ment to attack ground targets.

zaandrew: Wrong only the BTR 3 can be classed has a IFV. You don't even seem to know what a IFV is.

zaandrew: Dude the old cheata c was in the same legeu of the F16 and could even match the F15. The gripen is 4.5 that is what experts call it and the E model is a 5gen.

andrewza: The Pakistan F7 is all so crappy. And it is all so a interceptor and poor in ground support

Those are all APCs Nigeria only IFV in serves are the BTR3

Again not IFVs

Dibiachukwu: Yes he is oppressed not only in NAAIJERIA but in the whole world. Yes we agree on that. And why should you be offended by the word pig when you are one. But we are still the greatest of men. Its only natural craig the pig. Crying about what craig the boer pig? Biafrans are hated just like devils hate the children of God. And the world is full to the brink with devils like the GREAT CRAIG, THE MIGHTY BOER PIG

andrewza: no it is not, you got 6m free space that alone is to litel. but there will be landing crew on the bridge, they will need a few metters of free space. the risks are just to great.

and your source does not state the jayhawk ever landed on a USCG hamilton class cutter. They have many more vesseals.

Fighter Pilot: If that is how your attitude is channelled, then I pity Nigeria because it has gone through thousands of missions under the command of Generals other than Nigerian born.

Losers always resort to childish games to sooth themselves from shame. I won't doubt to serve under a foreign general. India, Ukraine, etc in Congo are still under the command of a Brazilian. So, what is your point? Just for once try to be objective and earn the respect you deserve. Your fellow countrymen are losing the respect for you by bits, so pull up your socks and start reasoning, or should we say that is the end of you. Come on Agaugust, I hope you can do much better.

Fighter Pilot: The Tanzanian general does not do strategising and plans alone. He will do that with other contigent commanders from SA, Tanzania, Malawi and military advisers(intelligence) in the presence of the man on top "Brazilian".