₦airaland Forum

When you see people who rush to goggle before responding, it would be clear they dont have an idea of what they are talkibg about. It shows your lack of depth in fundamental economics and financing.

Again, i have been having credit cards for over a decade now and never have I ever got a lowered credit score, simply because of prudence. Someone already responded to another one like you who still has the archaic reasonibg that debt is evil. There are Nigerians thatvare doing their 2nd/3rd mortgage here and creating venerstional weslth like the indians ans the Chinese are doing, using debt. Keep readining like a buffoon

DaddyCoool:
People like you make me laugh. Here's what you wrote verbatim "Pray tell, can you enjoy a fast car at 60 years... Any luxury that you can't enjoy when you are young and agile is utmost useless."
I wish someone like you could be dropped off in one of these "Western" countries and given credit cards. With this your mindset I know exactly what would happen.
As the saying goes "fools rush in..." See below

Word!!

LandMann:
There are foolish people everywhere, even in the USA.

If one has the opportunity to go to a cheap community college to obtain education but instead goes to a posh expensive university and stacks ip huge debt then that person is stupid, and there are tons of people who do that in the US and end up complaining about student debt.

Again, there are those who feel too big to do certain jobs after graduating from expensive posh universities and stacking up student debt. These class of people take the opportunity they have for granted and so become loafers and complainers instead of being hardworking and goal oriented so they can quickly clear whatever debt they have and get on with life.

For every one American who complains about student debt, there are 10 more Americans who took advantage of it to build a good comfortable life. They just don't make the news cos theirs is not "bad" news.

If you feel your corruption infested malfunctioning country Nigeria is better than western countries like USA, Canada, UK, Germany, etc, by all means enjoy the country. Let those who want to better their life in an environment that promotes competence and hardwork instead of nepotism and tribalism do so. And when they announce their achievement, don't get envious and bitter. It's their life, not yours.

And your so so called "Experienced guru" told you a house is not an asset/investment?

This clearly shows your shallow knowledge of financing. I hate it when people just gorge out nonsense out of ignorance and confidently come to a public space to exhibit their foolery.

Go and read books on fundamentals of financing(not those motivational nonsense your pastors sell to make money from you or those one sold in yaba or oyingbo traffic or those written by buffons who tell you a house is a liability) and search what is called "weighted cost of financing". You would understand why Billionaires borrow to acquire assets and why most large ans successful corpoaration mix debt and owners capital, because the weighted cost of finance is lower with an appropriate mix of debt and capital. Debt is cheaper to raise than organic capital(in a functioning society of course, which Nigeria is not)

Come back and thank me later.

DaddyCoool:
We are discussing DEBT. I never said living in Nigeria is better. We are talking using debt to acquire consumer items like you were championing. Experienced gurus would tell you NEVER to do this thing you are running to - using credit to acquire non-investment stuff! See example below

The man is sick.

This is another myopic post from a known buffon on nairaland. Surely you just stated that to console yourself.

Nearly 200m Nigerians will prefer to even have that credit system to meet their basic needs and they don't have access to. At least they have debts to buy houses and luxurious items while having their basic needs like security, food, medical and access to public power taken care of by the government. Contrast that to you that is not in debt but can not travel out of your state for fear of being kidnapped on the highway, can not sleep at night because of constant armed robbery cases, sleep in darkness for weeks due to power grid collapse, spend whole weekends at fuelling stations queuing for gasoline, go to teaching hospitals that are more useful as mortuaries when you are ill, no medical insurance cover, constant harrasment by security personnel who are more like gangsters , drive rickety cars on pothole infested roads and have no debt. If they dare add debt or credit to all those your problems, na die be that.

If you have the opportunity, you would not mind taking on those credit too.

DaddyCoool:
😆 This calls for a "shall we tell him?". If only you knew how easy it is to get trapped in debt and how stressful it is. They'll be offering you credit on everything, plus credit cards. Like 90% of people with this mentality you'll quickly get trapped and find that most of your income goes to servicing debt!

Why do I sense envy or bitterness in this your post below?

Of course It is very possible, stop being myopic, what makes you think what you heard or read are not exaggerated? Besides, its illogical to generalise based on few tales you hear or read, there are different strokes for different folks. I know someone who came here and within a few months got a high paying job and i know someone that took more than 2 years to get an executive level position after huzzling for more than a year. I equally know a 62 year old man who came here for semi retirement, registered for the US CPA exam, passed and currently practicing into his late 60s. This was someone who had retired in Nigeria and given up. Different strokes! Learn to be open minded. That some found it difficult does not mean everyone must find difficult, even though it can be generally inferred that living in the saner climes is a huge upgrade compared to what obtains in Nigeria.

Where I am, you only need 5% downpaymet and a job confirmation for a 30 year mortgage( at 1.5%) and just an offer letter to lease a brand new car. Lots of prudent Nigerians tgat have been here for some time and have steady jobs are even on their second mortgages now, building their dreams. Dont be surpised that the money for that mortgage came from looted commonwealth that your leaders took from you and stashed overseas for safekeeping on your behalf while you languish in poverty, chaos and envy. I can tell you for free, if that guy had remained in Nigeria, he might never had dreamt of entering a brand new car in his whole life talkmore of owning it or even dreaming of owning a house in his village. Go to the ministries in Nigeria and see mid level civil servants that are still dreaming of buying land in Nigeria after nearly 15 years of toiling. They would give an arm and a leg to even have access to mortgage and here you are bantering someone that achieved that within 3 yesrs in a saner clime

To tell you how useless your leaders have made you, i read a report recently where it was stated that much of the funds in the Swiss banking system betweem 1980 amd 2000 came from Africa(most probably looted funds, a la Sani Abacha). Those money helped them to give their citizens and residents mortgages of 0.5% for them to flourish and live their dreams while you, the owner of these wealth stolen by your leaders are busy fighting yourselves on which of the looters is a better dancer and whose turn is it to steal you blind and impoverish you more.

Have you wondered why your political class travel 2 to 3 times annually for medical check up at the slightest feeling of headache while they tell you to patronise the teaching hospitals that have become "teaching mortuaries". I see them here every now and then, even one former Governor of Lagos state who recently advised youths to remain in Nigeria was here in August for a routine check up likely sponsored using Lagos state tax payers funds(picture those market women who pay stall toll as taxes daily, being the taxpayers, and the poor civil servants whose taxes are deducted at source as the manage in penury while one person/looter enjoys it freely). I know of two local government Chairmen in Lagos state alone that moved their families abroad permanently in 2024, with houses and cars bought for them ahead of their arrival. They are not stupid, they know what is good too.

Dont look for a way to get out to a saner clime and better your future generation, continue to blab about other countries that are creating conducive environment to attract your best brains.

Friend22:
I knew something wasn't right about that guy's claim but trust gullible Nigerians who believe in 'tapping' from someone.
We are too gullible in this country that's why most of political leaders don't rate us.
The UK I have read and heard about can't be a walk in the park for any newbie, but just post anything Nigerians wish for they will fall head over heel without questioning you.

They are a lot of things we need to work on the ways most of us think.
Even the so called educated ones fall for this nonsense.

How? By voting drug lords and thieves into power?

Mba!! Ko le werk!!

Starboytwo:
Let's all try to make Nigeria a better place then, instead of what it currently is.

That is an expansionary budget that may likely be a deficit one. It will be interesting to find out how it eill be funded becuasr aurely, Niheria is not earning in that range. If its by more taxes then it will be dead on arrival otherwise it would mean more borrowings

They are clueless. Nigerians are on the long road

Rubbish. China imports 17.47% of its goods, most of them automobiles. You can check goigle to confirm.

Some of you just write out of your ass. Jordan imports nearly 52% of its GDP but still has strong economy with currency almost at par with the US dollar. Google that.

I had argued this with one dim-witted fellow on this same nairaland and some other people jave mentioned it too Problem is not importation but corruption and terrible economic policies.

Start reasoning beyond those market women gists you hear at Alaba or Oyingbo market and begin to argue with facts and cognution.

Nigeria imports less than some countries relative to their GDP yet those countries have far better economy and stable currencies that are almost at par with the USD.

Tayorshd87:
Yes what am trying to tell u is that ..

In china dey import almost 1% of foreign goods but produce 99.9 % of their materials and export to countries like Nigeria and we depend on what they produce ..


So if china crash today and burn down to ashes then Nigeria is in a mess already since we don't have means to create or build ours ..



The government are not wrong for closing the borders and discouraging importation but where they are wrong is that they should make sure they work on how we produce first before embarking on the journey .



But it's a way to open and unlock our creative mind and abilities to make Nigeria a developed nation someday like america UK Canada etc

Lol... 98% ? I am sure you dont know what you are talking about...you just decided to echo what the market women and Ladipo traders gorge out.

The 2022 statistics showed Nigeria import was about 28% of its GDP(WTO data)

No country is import proof.

Make sure you have your facts and data before you respond to me o! I revel in making people doubt their education here on Nairaland l.

Tayorshd87:
Yes u are right and besides d so called developed countries that import also build create and provide what they want massively rather than Nigeria that only base his economy 98% on importation ...


Can u see d difference

Lol....when a clown is found out and cornered by intellectual superiority of facts and figures, he resorts to irrelevants. That is a end stage in debates and arguments in courts especially when ego is involved. That is now happening to you.

My points:
1. Budget is never a measure of prosperity of nations

2. GDP is usually normalised before they are put together so exchange rate fluctuations and inflation are removed for a level playfield analysis.

3. GDP per capita is only brought in when you want to compare productivity of individuals or measure how well each citizen in a country has fared compared to another. It is never used on an aggregate basis

4. Nigeria's drop from 1st to 4th in Africa GDP ranking was not due to naira's devaluation but the reduction in production/output of the country necessitated by recession of the last 3 years and exacerbated by the terrible policies +cluelessness of the current administration.

5. Infrastructures do not determine productivity just as industries or its number dont determine a nations total output for GDP computation.

6. You should have a better understanding of productivity and PPP for computing GDP now

7. No one said Nigeria was better than SA, you simpleton! In fact, that has never been a point of discussion. What we have been trying to sink into your head since yesterday is that going by GDP alone, Nigeria was the bigger economy than SA until your fellow dimwits took over from 2015. In addition a "better" country is never judged by size of budget because using budget of nations to compare prosperity is dumb.

If the above had been accepted and added to your knowledge much earlier maybe you would have saved yourself the public embarrassment we have seen in the last few pages. Now everyone is aware that you actually have very little upstairs when it comes to Economics.

...oya go and sin no more. Pele!

COMPAQ:
As far as I'm concerned you are just ranting. I gave an example to demonstrate something and you took it literally to say I meant GDP is just companies alone.

OF COURSE I KNOW THE COMPONENTS OF GDP. I JUST USED THAT TO MAKE A POINT!!!

All your rant doesn't address any specific issue. So what exactly is your point or message in all this? That Nigeria is a bigger and better country and economy than SA?? Ok congrats you are right! Nigeria is the best country in Africa even.

Lol...Read what you wrote again.

For someone who started by stating that prosperity of nations are measured by Budgets....you have come along well. I am happy that you have not buttressed any of your points with solid statistical and verifiable evidence other than things you assumed, conjured, felt, believed or supposed. That is enough admission you dont know nada.

Do you think other cerebral people who measure GDP for comparison simply just take a value and divide it by one random exchange rate and then compare countries? If it were so, then you wouldnt need more than a primary school certificate to work in places like WTO,World Bank,IMF,UN, etc..

.....and if GDP were driven mainly by exchange rates, then China and Japan should not be ahead of countries like GB,Euro zone countries,Austratila, etc. because a country like China thay artificially devalues its currency on daily basis should have much lower GDP than those countries i stated above if you postulation were true.

Using number of industries to gauge GDP is very stupid to put it mildly. Hypothetically citing the number of industries as drivers of a GDP is not only dumbfounded but smacks of someone with little idea in even using the right logic for arguments. It is more fallacious to think GDP is a function of your industry alone, it includes other things as your natural resource extractions, services, etc. Any sensible person will recall that Nigeria surpassed SA in 2013/14 when Nigeria's GDP were revalued to include the entertainment industry andnother services oriented,m knes thatvwere not captured initially. it never mattered to the global bodies (UN,WHO, AfDB,WTO,IMF,World Bank, etc that use the stat)whether SA had 1000 times industries more than Nigeria. What is being valued is the total value of output. If it was wrongly inflated, they would have rejected it or adjusted for the inflation accordingky ans Nigeria would not have been 1st.

For the umpteenth time, Nigeria's GDP fell to 4th not necessarily because of the devaluation of naira but because of the contraction experienced in the production of goods and services and the forecasted contraction into the future. Read up! I am tired of telling you this. The IMF report of March 2024 never stated that Nigerias GDP was dropped to 4th in Africa because maira was weaker but because it grew slower than they forecasted ( 2.56% instead of 3.3%) and this was mainly due to dwindling production of oil output.

Your knowledge is so limited. I dont even bother to read the gibberish you write anymore( for fear of polluting my brian), i just post the remainder of points i had from my last post, even at that I know it will be more accurate than your nonsense.

COMPAQ:
You are just turning around and around in circles and confusing yourself with big statistics. Big numbers are only useful based on the inference you can gain from them.

Cut and dice it anyway you like, Nigeria doesn't compare to any of those countries US, Luxembourg, or even SA.

Any which way and by whatever method, the GDP in Naira is converted and that's the main reason why it has dropped because our national output has not significantly changed between 2023 and now to account for our GDP dropping from $450bln to $284bln.

Stop majoring in the minor.

Of course it's expected that 2 countries of equivalent national productivity per person, but with a bigger population like America will have a larger GDP than the smaller one like Luxembourg.

The point is that Nigeria with 4times the population of South Africa, but one sixth the per capita GDP is a GROSSLY unproductive economy. And that lack of productivity is why the national revenue and budget is also low. If nobody is doing any productive activity, what profit can you tax!?

That's the point of the discussion, not slinging statistics and formular and insults up and down.

it is a tragedy to say the only success that would be attached to this dude would be the prosecution of Bobrisky....nothing else.
That is a shame for a country so ridden with corruption that the Senate president has more that 5 cases with the same EFCC.

COMPAQ:
Nanyou no sabi anything. You say productivity is higher in Nigeria!? How can? The per capita income clearly says otherwise. Yes population is a factor but absolute numbers mean nothing until to unitize it. 2 separate families earning N20mln salary a month doesn't mean much until you contextualize it by saying one family is husband wife and 2 kids, while the other is husband , 3 wife's and 13 kids. You saying productivity is higher in Nigeria simply because MTN generated more revenue is extremely shallow. MTN may be a market leader here whereas they have much more competition in SA so they cannot do as well. Does that make Nigerians more productive as a people?

You were the one that touted GDP and per capita income in your earlier post. I went there and now you are jumping away from those indices again.

How can you have quality output, which impacts your domestic production without infrastructure like efficient ports, electricity, efficient transportation, railway etc

Oga you know not much about global economics.


GDP is calculated in Naira and compared in USD, yet you say devaluation had nothing to do with it! Jesus! So if I build a house last year for N100mln and another this year for N150mln, won't both go into the GDP calculation for each year? Now in dollars do they give the same value in each year? Last year N100mln was $222k, this year N150mln is $88k.

If only you had a bit of pedagogy you could have saved yourself the public shame you are bringing yourself to. For someone who does not understand how to compute real GDP and the use of GDP/capita, making anything out of gibberish you wrote below is nauseating enough.

Now listen, the problem is not the indices you used(GDP/GDP per capita) but your conclusion and application from them.

For instance, globally nobody, i repeat, nobody calculates GDPs without normalising it for both inflation and exchange rate differences. A JS3 Economics student knows this. In calculating GDPs, nobody makes the dumb and smipleton-like error of just converting it to USD when the USD itself is subject to fluctuations against other currencies, It then means there would have to be multiple computations for one Country's GDP against other various currencies of the world if they need to compare. Surely, the world bodies(IMF/UN/World Bank,AfDB,WTO, etc.) are not that stupid. They use what is called PPP index which is a factor that takes into consideration all global currencies and their relative exchange rates to apply to their computation. Simply stating that you compute GDP in local currency and convert to USD shows clearly you do not have an idea of what you were talking about. Mentioning that Nigeria's GDP was overvalued showed your shallow understanding of how global economics worked. The global calculators don't use CBN rate or black market rate, they used the PPP index. Your stupid example above shows you to be an illiterate in Economics, it is not that simplistic.

On the per Capita issue, again you exposed your lack of knowledge. Per capita comparison is usually used when you want to individualize the prosperity of countries and never on a national basis. This is because it is now driven by the population and it can only be used to measure the conditions of individuals in different countries. For instance, Luxembourg as a GDP/capital of $142,214 while US has $76,399(2022 as per WTO data). What this means is that an individual in Luxembourg has a much higher production than and probably more wealth creation than an individual in the US. It would be dumb to state that Luxembourg has a better or larger economy that that of the US when in fact the US GDP is 250 times more than that of Luxembourg(US=$25.64 trillion vs Luxembourg=$82billion as of 2022). When using per capita to compare countries, subjection is made for the population. Only simpletons would blatantly use per capita computations without individualizing it. Again, a A JS3 student of Economics will consider himself a failure if he did that.

It also appears to me that you dont know what productivity means hence your blabbing about it. Productivity is defined as rate of output relative to the input. I used the MTN example to point out the fallacy and dumbness in your point that because MTN's HQ is in SA hence Nigeria could not have had a better GDP than SA. What an infantile assumption!! Its akin to saying that since Volkswagen has its headquarters in Germany, there is now way its market in China(VWs largest market in the world) can be bigger than that of Germany. For context, MTN Nigeria received 18% of the total global Capex expenditure of MTN Group but contributes 53% of the global EBITDA(source: 2022 MTN Group financials) whereas, MTN SA got 21% of the global Capex but contributed 29% of the Group's EBIDTA. What does that tell you? MTN Nigeria was more productive. Infrastructures and facilities do not translate to GDP, otherwise Japan would be number 1 in GDP compared to others.

I hope you have learnt something today. Please stop disgracing yourself.

Get some knowledge boy, what ever is CIA's is aslo supported by DEA/FBI/ICE? They do not counter one another.

ElectGINeer:
I swear to God, what you guys really need is education. In a 39 pages document, a journalist SS the part that fuel his bias and ran with it. He knows you guys are mumu, would not bother reading the entire proceeding whereas he dropped the link to that also. Is the president also FBI, IRS, and DEA assets cos they all have the same glomar response to the plaintiff requests. And also, Aaron Greenspan that Hundenyin is using asked for Bola Ahmed Tinubu (“Tinubu”), Lee Andrew Edwards, Mueez Abegboyega Akande, and Abiodun Agbele (“Agbele”) records. He is a third party.
This is the link https://www.plainsite.org/dockets/download.html?id=334545504&a=1&z=79042c23, he only screenshot page 23 whereas that is a continuation of an argurement.

This man is a scammer.

This is sarcastic, right?

chidiokay:
Dangote refinery might have kick started buh as whats the volume of our export to earnings, presently even our oil production as dropped amidst fall in int'l crude price

Besides some fractions are still importing fuel into the country,
when you scale these factors it weigh down our earnings that could have boost or strengthen then naira, until we scale up export consistently or we drive down dollar demand more n more

How? His close advisers are not telling him the truth

Na today! He has been projecting nonsense since.

Gibberish. I have resonded to you in your other post. That summit was specifically convened by Saudi Government to discuss Isreal issues. Read the agenda and communique. If Saudi Arabia is convening such a conference and at the same time working to sabotage the efforts of the group of countries that went there, then maybe it is not the type of company Nigeria should find itself except your country Nigeria has now become a puppet in the hands of Saudi Arabia. Or what do you think?

Besides, I am not sure you understand the difference between OIC and Arab summit. Ngeria is not an Arab country and will never be. Tinubu went for an Arab summit and went to twerk for them. This was an event that even countries with historical and cultural links to the Arabs like Niger, Chad,Burkina Faso and even Kenya that has a sizeable Arab indigenes did not attend. Spin this in another way, bro, I am waiting.

Lithiumite:
Resolutions or not,the body language of Saudi a major player in the gulf isn't askance to Israeli attacks on hamas and Hezbollah......Iran and Saudi aren't friends but arch rivals on the region and saudi knows the ayatollah regime is behind them also behind the Yemeni houthis right at their south western border.

Hamas is equally a threath to Saudi and even Egypt that's why they have been aloof and rather too aloof I must say on the Palestinian debacle.....what just happened at that summit is nothing more than what it is,mere rhetoric.

On the issue of Nigeria joining the OIC,there is absolutely nothing wrong,if there is a Christian socio political bloc available for Nigeria to join,the govt definitely......tinubu needs all the leverage he can get from the international community to aid his hailing economy.

Lol....Baldderdash

UN has a permanent headquarters, Arab summit does not. The Isreali issue is not is not onmy about Iran and the Gaza, there have been long held suspicion nmbetween the Arabs and Isrealis. Besides, did you hear the position of Kindgdome of Saudi Arabia at the last UN seesion in the war in Gaza. That was mote than rhetorics my friend. All Arab nations are against Isreali in dufferent measures and for different reasons.

Lithiumite:
The American govt is different from the UN but the UN is nothing without the American govt,same for that islamic organisation and Saudi Arabia.

The major players in the middle east are not averse to Israeli operations against hamas and Hezbollah..... Saudi, Egypt, Jordan, Iraq,Kuwait through their body language have nothing against what Israel is doing to hamas and these are the major players in the region......the resolution of OIC is just mere rhetoric.

How does one educate semi literates like you?

The Arab summit of 2022 was held in Algiers. It did not matter who hosted it then. Venue or host do not determine the direction nor the rhetorics of the summit as evidenced by the communiques issued at the end of the summits.

Maybe you should take a bit of some time to read the resolutions of both the 2023 and 2024 Arab summits where all arab nations unequivocally condemned Isreal on their war attrocities in Gaza. Saudi is an Arab country too. They never backed out.

Tinubu going there to lick the Arab's behind could only have been a way to pander to them for more soft loans(Nigeria have written OIC for more loans recently). Otherwise, strategically thinking, there is no way his stupid vituperations against Israel would benefit Nigeria.

Lithiumite:
Hosted by Saudi Arabia for a reason......the al sauds do not care about what Israel is doing to hamas or Hezbollah so far they are backed by Iran.....no this and know peace.

Arab summit is different from Saudi Arabian government. Majority of Arab nations are anti isreal. He was not specific on Saudi Governmrnt.

You are the one getting it twisted

Lithiumite:
Know this and no peace......Saudi has nothing against what Israel is doing to hamas in so far they are backed by Iran.

You should learn how to have a good grasp of any topic before Opining about anything.....it depicts you as a rather intelligent person.

Whether he is in or not, it makes no difference. Country is tanking under his watch. Overated

The guy is dyslexic. He is limited in comprehension and reasoning, naturally. Pardon him

Doylestown92:
You don't know what you're saying. Was it not the whites who took the blacks to America? How many black Americans can trace their ancestry to even the 4th generation at least? Don't you know there are even 20th generation white Americans?

Now, I give up. He is more focused on typo issues than all the facts that i put there, a sign of dyslexia.

Africans are 8th generations but the people who took them there as alaves are 3rd generations?

Sorry to ask, are you dyslexic?
I want to be sure I am not even discussing with someone that is mentally retarded and handicapped(dyslexia has now been grouped as a form of mental incapacity and a form of handicap) if you are, sincere apologies that I am using your disability taunt you.

I now understand why it is beyond my grade.

RodgersAkpafu:
This guy is a dummy
thorough dummy

over 80% of white ppl in America today are at most three generations deep in America
a few more will fall in the 4th generation capacity

but most african Americans are 8 to 10 generations deep
how difficult is it for your dumbass to understand

Heck
you can't even spell Plantation properly

I know your type
half witted and less than half knowledge
makes u feel cocky when really you don't know much, if anything

You may be right after all, this level of stupidity is beyond what I can comprehend.

You are even more stupid than i thought. These are historical facts and have nothing to do with common sense. A simple google check would have saved you all these public buffoonery

You posts below is nothing but balderdash and pepper soup joint stories conjured up by the brainless and spread by the dunces.

For the umpteenth time, there was never a time in history that Africans outnumbered the Europeans.

For some knowledge, the Europeans started migrating to the present day Americas around 1000 AD when the inhabitants of present day Norway got to Greenland and Newfoundland and discovered a huge uninhabited expanse of land. Organised colonisation by Europeans began around 1465 AD after Columbus misadventure to the Americas.

The first set of African slaves only got to the present day America from 1600s and massive organised slavery transportation to both North America and the Sugar plantations in the southern America commenced around 1650s. So how could Africans have had 8th generations while the people who moved them there ans owned the plantations only had 2nd to 3rd generations. Read your history well.

If you were referring to the Native Americans(the Cherokee Indians,the Cree, Dakotas) or the Incas Indians( majority who were the indigenes of modern day Southern America), genetical investigations have revealed that they were closer to the mongols than negroids, hence they could never have been Africans.

History is there for you to check and google is also there to help you if you dont know anything instead of coming here to show how dumb you are.

Use that data to gain some knowledge, not just using it to check instagrams or tik toks...

You may be right after all, when you have a group of idiots spewing rubbish, there is the tendency for them to think they are actually right. This level of stupidity is far above my grade to comprehend.

RodgersAkpafu:
For the third time
The discussion is above your pay grade

A typical African American is more American than Joe Biden. Trump, or over 80% of the white people who live in America today
It's simple and common sense

If you didn't know, at some point in American history, blacks outnumbered whites in Americq, hence them panicking and opening the door for European immigrants to come and settle
Go read about the Homestead Act and the sinister reason it was passed
There are other references I would have given, but u r not smart enough so....

People just gurgle out nonsense after taking some shepe early in the morning!

How do you stop imports?

Even developed nations like the US, GB, Japan, China, Australia, etc., still import massively.

By the way, have you told your leaders to stop importing their foreign official vehicles and presidential jets first?

Tayorshd87:
What is our problems with dollar?

Even if it's #1 to 5000$ .

The answer is for us to stop using imported products and forget Abt importation then what else 🤔

Lord have mercy!!

I read it up to the point where you stated that Nigeria was number one GDP in Africa because of the artificial overvalued currency and I knew right there that you either do not understand how GDP is calculated or you just wanted to be economical with facts.

GDP is not calculated using exchange rate but the Purchasing power parity index( a type of exchange rate that shows what consumers from different countries would pay for the same amount of goods and services). Nigeria's projected GDP fell from 1st to 4th now( and projected to be 5th behind SA, Egypt, Algeria, Ethiopia and Kenya by end of 2025) not necessarily because of fall in the exchange rate of naira but more because of the revised growth projections necessitated by some poorly implemented policies of the last 3-4 years and worsened by the current Tinubu administration's haphazard and disjointed approaches.

Again, I have been to SA many times but I am learned enough to also know that GDP is not driven by the infrastructures but by the value of your total output including extracted natural resources. That is why countries like Saudi Arabia( a non manufacturing giant) will be ahead of manufacturing powerhouses like Sweden(Auto/Pharmaceutical), Switzerland(Pharmaceutical), Thailand(Garment,Auto,etc), Norway, Belgium, etc, in the current pecking order of GDPs. Common sense should also have told you that even though MTN has its headquaters in SA, nearly 50% of its revenue is generated from Nigeria while SA contribured less than 23%. Something is behind that statistics. Productivity is higher in Nigeria.

Finally, I laughed it off when you began to compare per capita income. Your sense should have told you that anything per capita is driven by population and since Nigeria's population is almost 4 time of that of SA, such will be affected by sheer number of people living in Nigeria. This explains why the GDP per capita of countries like Luxembourg, Qatar, Norway, Switzerland are far better than that of USA despite having far lower overall GDP than the USA. Does that mean the USA's GDP was inflated??

All of these give credence to my initial assertion that you probably do not have the full idea of what you are talking about and just wanted to join the bandwagon without the necessary knowledge. Using budget to gauge prosperity of countries is completely wrong ans inept.

COMPAQ:
Fine, lets go to GDP. Sebi Nigeria has now dropped from number 1 to number 4, which is our normal position. We were only at number 1 because it was being propped up by an artificial overvalued currency.

If you've been to South Africa, you'll be wondering how Nigeria can have a bigger GDP. South Africa has 40,000MW of electricity powering auto manufacturing, diamond, gold and coal mining, robust tourism sector, largest banks on the continent, HQ of SHoprtite, MTN and many conglomerate businesses.

What does Nigeria have? A paltry 1.5mln barrels a day oil industry and Dangote Industries. Asides these two, what other industries do we have that are home grown? Maybe add Glo to that, but we all know Glo is struggling. And you really thought we had the largest economy?

And since you like per capita income, South Africa's is $6,200. Ours is like $1000.

He is speaking gibberish, seeking for relevance

Daft, he is desperate to dodge any discussion that will expose his imbecility and stupidity. Quote anywhere in history where they stated that Africans preceded Europeans in getting to America....so that we can laugh off your stupidity on a public forum...oponu!!

RodgersAkpafu:
Again
This conversation is above your pay grade