₦airaland Forum

Diavolo:
sorry bro, but is it this same match going on ure talking about?. Libya isn't in control of the match and their goal came about from a set piece that Nigeria took their legs of the pedal. Even the commentators were saying that Nigerian are finding the game too easy. If u want to give a report, pls be truthful. Not sounding overtly pessimistic and critical.

Me sef l come dey wonder for the guy analysis. l mean is it thesame game l'm watching?

Cosafa women championship update..

Cameroon 8 :1 Mozambique

Naturalle:
Please Sir I beg to differ. While good infrastructure can catalyze economic growth, it doesn't create it. Training, people, and money (empowerment) can generate the funds we need to even fund infrastructure. Before the roads and light n rails came, people trained and traded and from those monies, they were able to get themselves niceties, and equip themselves with better infrastructure for bountiful trade. I think if we train and empower people, we can get monies via trade and taxation to develop our infrastructure.
Pls don't be angry o, I know nairaland is filled with hot tempered people now.

Actually it goes both ways, if you just train people without providing the necessary infrastructure like a good transport network, effective broad band/internet speed, and Power( most especially), then you would have many frustrated by the Nigerian system.
Education is paramount, but education alone do not create home grown investors in the private sector.
There is of course, what we call the ease of doing business which is also paramount.
We do not pay our taxes in Naija for the Government to just train people, we pay taxes for them to provide and maintain basic amenities.
Even the private investors like Dangote feel the effects of lack of infrastructure like power and rail all the time.

EternalTruths:
Take note based on real observation.


Nigeria don't have sufficient entrepreneurs.


Why do you think that Nigerians are the largest refugees in Europe from a country that is not experiencing war.


Let's take Buhari for example


How many people has Buhari given business grants worth #3m to start up a business with.?



Also, do you know why many people migrate to Lagos if truly they are lots of entrepreneurs.?



My brother, it takes more than infrastructure to develop a country.

You are contradicting yourself actually, people migrate to Lagos because of the ports. Also Lagos ( a former capital of Nigeria) is still the financial center of the country. Frankfurt remains a suitable destination in Germany as the financial powerhouse of Germany, but Germans in even lesser cities( for lack of a better word) like Alle or Gottingen, would never be in a hurry to migrate to Frankfurt, because the Mayors in those state/ cities have also provided the necessary infrastructure needed for the masses to carry out their business or live out their dreams.
Even the education you speak about as a form of empowerment is part of infrastructure, you need good classrooms and standard engineering equipment in schools, labs and technical schools.

EternalTruths:
Why is Togo, Benin, Ivory Coast, Cameroon etc not doing fine despite having steady light, good roads etc.?


Do a research on this question and you understand that that guy is right.

The truth is Nigeria already have many entrepreneual citizens and the basis for a good private sector, we are 180 million people, these countries are small but also have corrupt African leaders impeding growth e.g Togo and Cameroon. lvorycoast and Benin republic would have to free themselves from the cfa currency and the shackles of Frances.

EternalTruths:
Without Technical Education and Business Grants, even if a nation has 24hrs electricity, good roads etc, industrialization that leads to job creation might not be achieved.


This is a basic fact you guys don't understand.


Nigeria should focus more on Technical Education and Business Grants while not neglecting infrastructural development.

Government must play their part as well by providing some basic necessities such as power, effective transport system across the nation, a good broad brand, etc. These things aid businesses and even the ease of doing business.

Jaqenhghar:
I have never heard where infrastructure increased GDP in my life. The way it happens is
1. You build the capavity of your people.
2. The people create wealth and
3. Build infrastructure

l am not a zombie, but what you wrote up there is pure bullshit. You need infrastructure such as power, rails, good roads, mass housing, health and educational facilities to grow the economy and also the people ( the middle class and the poor especially).

sufferNsmiling:
Most of the nigerians on this trend have left the trend to go to order media groups like group kenya and some kenyan forums also some ghanaian forums to insult the people there. But they are not having it easy here in ghana they are being insulted on ghanaian forums badly after making noise about kofi annan dates. The fight started on a ghanaian forum when a nigerian said they have 100 people better than kofi annan. That has led to a big insult of nigerians in ghana.

Are there Ghanian or Kenyan forums? l never knew.

ChrisKels:
Nwakali didn't even make the match day squad. Now thats a wasted spot. I wonder why this bone head Rohr keeps making dubious invites especially when it involves the Nwakali brothers. How the Nwakali brothers merited their call ups ahead of more established players still beats me

Perhaps giving him a feel of the national team, thereby grooming him as a possible major replacement for Mickel Obi. Perhaps Rohr is thinking future here.
l know he isn't ready and doesn't play in a top club yet but in time to come, a matured Nwakali at his best could easily become Nigeria's new playmaker.

TayserMahiri:
You can actually gauge the extent and depth of a middle and upper class in a city using malls. Remember malls is where Major franchise brands set up shop. They wont set up shop in your Apapa Markets. And due to the nature of services between malls and Apapas being virtually mutually exclusive, they wont really affect each other. You can have your mall where you go for a one stop shopping at Subway, Zucchini, Carrefour, funscapes, LC, banks, woolworths etc and still pass by Apapa market to get whatever you get there. Especially in an African setting, these two types of markets are mutually exclusive. Only in the very developed parts of Europe would that not be the case and its still rare. Apapa markets are everywhere. The fact that you put it 60:40 in favor of malls tells me you know what we are saying here. You dont want a litany of Apapa markets everywhere with only a few malls. Thats kinda chaotic and backward. What you want is many decent malls with just a small but healthy dose of Apapas. I also like traditional markets but not when they are dirty and crowded (to be honest I hate them MOSTLY ).

The whole point is that you cant excuse your shortage of malls with Apapa. It shows that your middle class is backward by global trends that they probably dont even have a mall culture. And this might portray a very grim picture for the kind of unexposed migrants you are sending outwards.

I took a little offense with your juxtaposition of malls with roads and railways. Malls are not built in areas without sufficient infrastructure first of all; but most importantly is that they arent typically built in industrial areas or city centers. They are built in the suburbs.

Tayser Tayser l have no time for this, my point has been made clear, while malls can be easily used to gauge a favourable middle class(it's not the major indices like you Kenyans would have yourselves believe here), the number of malls in a city do not necessarily indicate it's development because malls are already the normal way of life in Europe and the advanced world but some parts of Europe are not as classy as some areas of Nigeria with fewer malls. Neither do those parts have more classy citizens as well.
l never said the markets in Nigeria are( or must be) dirty and crowded, my point was that at 3a.m, the city is still buzzing, l know you have a problem with comprehension. l also do not think Kenyans have a more sophisticated middle class than you find in Nigeria. But the fact that you measure this with the taste for shopping malls( which is not a big deal) is what l find interesting, if anything that's a primitive mentality/ thinking.
Malls are not scarce in Nigeria too, they are not just used in the context of this arguement as a measure of development. l have seen on this website, private investors setting up malls, but it is never viewed as a sign of advancement, when you see it that way you come across to me as primitive. This is why when you list shoprite and the likes as major businesses, it's quiet weird.

TayserMahiri:
Do you seriously live in Germany ? What are you telling us? Where do you go for shopping? Stop this Nigerian idiocy. Someone living outside Nigeria would know what a developed urban area looks like. Unless you dont live in an urban setting.

Achso, maybe l don't live in an urban setting though. l thought malls were just normal stuffs, when did it become a mark of development like industries, railways, buildings? To me, it's just like saying because you have many Hotels in your city hence it's a developed city, while Hotels and Malls are indicators of wealth and good life, to me it doesn make a city more advanced than the other compared to infrastructure, and attractive spots around a city, for example what makes Munich or Frankfurt more classy than say Chemnitz, is not the number of malls, because Chemnitz ( a lowly city in Germany) is still lit with malls as is almost all of Germany.
Although l like malls, l would have preferred 60% malls and 40% small scale shopping. l miss that part too, l wouldn't want my dream city ( say Eko Atlantic for instance) to be literred with malls like you find in Europe, and then by 9pm they are all closed ( especially in Germany), when in Lagos Apapa for instance, you can wake up by 3am to buy your akara, and even meet a crowd outside.

68816419:
Advanced my ass and how comes majority of your population leaves in slums,not known for any positive international investments unlike nigeria which have the likes of Dangote(have investment in 22 countries) ,Adenugas(investment in 6 Africa countries,) ,Jim(14 countries including us,UK and china),Tony Elumelu(19 countries including UK,US,China),Adebayo Ogunlesi (The Nigerian Who Bought Gatwick Airport,UK,chairman and managing partner, Global Infrastructure Partners (GIP))......, too poor to travel around the world, have Massive external debt of about 60B USD (including china debths ) while the giant of Africa (Nigeria), with a population of about 200M has only $15.1 billion external debt?

l keep asking them if Kenya is such a business hub and well diversified as they claim, where are their investments in Africa? For instance l know there are Nigerian banks in Kenya, but how many Kenyan banks do we have in West, Central and Southern Africa, how many Kenyan business men / women are investing outside Kenya with their headquarters in Nairobi?

Kur17:
It doesn't stop on only that, Nairobi CBD looks more advanced than Lagos&Abuja, in middle-class estates Nairobi beats them, in shoppingmalls, insfrustructure, all the positives Nairobi is on the upper hand, just name them...

But Nairobi is not even a major trade center in Africa, and even has no gdp, you are just a clown, l would not continue on this argument with you, because like the other rvp guy you'll end up wasting my time and wasting pages, just believe what you want, at least everyone can see how ignorant you guys are, it's pathetic actually.

Kur17:
10. Eastleigh, it's a slum? that estate alone has more shopping malls than the entire Nigeria

Only Kenyans see shopping malls as development, you guys need orientation seriously.

rvp2018:
Mombasa City - Kenya port & tourist city - mombasa port is now 4th busiest port in Africa - and one of the most efficient (after Durban I think).
https://c1.staticflickr.com/9/8521/29690982362_d75f158193_b.jpg
https://pbs.twimg.com/media/DlHGJAoW4AAWA7s.jpg
https://farm2.staticflickr.com/1858/43265917405_52fd0c977a_b.jpg
https://i.imgur.com/mT2Zp0f.jpg
https://i.imgur.com/EPIz5vn.jpg
https://pbs.twimg.com/media/C4YM-RCXUAAJ2z7.jpg
https://i.imgur.com/klUAASb.png
https://farm5.staticflickr.com/4286/35095183465_8e8aaed8a8_b.jpg

lt's fourth busiest port of course, and it's a major port in East Africa , Nigeria is surrounded by the likes of Niger and Chad, and even within Nigeria the business activities are majorly focussed in the South, and yet the North is more populated. Nigeria however should be having more than 3 major ports in Africa.

nwoke37:
Wait, hold up. You believe Nairobi and and Lagos have the same GDP? Just looking at population numbers alone... It's just preposterous.

That one shouldn't be taken seriously at all.

gallivant:
Maputo, Dakar and Luanda? Are you okay in your head? I ask because you can't be this daft!

World trade Centers in Africa


Algeria..Algiers

Angola...Luanda

Egypt....Cairo

Mauritius..Port Luis

Senegal....Dakar

South Africa....Johannesburg
.....Cape town

Nigeria........ Lagos
.............Abuja


https://www.google.de/url?sa=t&source=web&rct=j&url=https://en.m.wikipedia.org

gallivant:
What's funny is Nairobi having and hosting more multinational companies than Lagos and Abuja. It's hilarious...

Those so called multinational companies are mostly there because of the kibera situation, many of them are just there for nothing and not helping Kenyan FDI in any way. What are the top brands from Kenya in this continent, if what you say is true, you struggle to even list companies from Kenya in other parts of Africa apart from Safaricom.
l gave a list sometime ago of all business districts or trade Centers in the world, and Kenya is no where to be found there, your Nairobi is not there.
There are two cities from only Nigeria and SA.
Then there is Cairo, Maputo, Dakar, Luanda.

rvp2018:
Yeah bigger than Kenya GDP and only generates about 1B dollars in revenue - despite being a state . You've got jokes. I am going to hazard a guess that when real GDP of LAGOS is finally computed - it's will be about the same as Nairobi or slightly higher. Nairobi is definitely better than lagos is so many matrix - the pictures says a thousand words.

lol all of your counties put together do not have a budget as big as that of Lagos with over l trillion naira and yet we know it is a major trade city with many untaxed businesses.
Nairobi is not even considered as a major trade center district in Africa.,you little lndians are quiet funny.

68816419:
NIGGA, WORRY ABOUT YOUR LITTLE INDIAN COUNTRY AND PRAY IT DOESN'T HAPPEN TO YOUR COUNTRY SOON,KENYANS MIGHT WAKE UP ONE DAY AND FIND THEM SELVES IN CHINA LOCKED UP SHOUTING (MAZEE TAFADALI) !!!! ....U SHOULD FIRST CRY FOR YOUR COUNTRY FIRST THEN ZAMBIA
China now owns more than 70% of Kenya’s bilateral debt
Kenya’s public debt load recently surpassed the 5 trillion shillings mark ($50 billion) , renewing questions over the government’s borrowing binge, how it would show the proceeds in terms of economic growth, and whether it could repay these loans in the long run.
https://qz.com/africa/1324618/china-is-kenyas-largest-creditor-with-72-of-total-bilateral-debt/

Kenya Now Owes China Ksh722.6 Billion
https://www.kenyans.co.ke/news/29098-kenya-now-owes-china-ksh7226-billion

Is Kenya China's New Colony? 70% of Kenya's External Debt Comes ...

The clown who calls himself rvp2018 believes Kenya can easily pay the 50 Billion dollars debt back, because they have a GDP of 80Billion dollars
The 80 Billion dollars GDP is the reason lenders trust them with such high loans according to the comedian.

rvp2018:
We can only compare apples to apples. Oranges to oranges. Agricultural activities with Agricultural activities. Agricultural Industry with Agricultural industry.

Brazil Agriculture (according ISIC) has been approximately 5% - roughly worth 80B - Nigeria OVER COOKED GDP agriculture is aproximately 20% - about the same 80B (73B last year). THIS TELLS YOU IT"S OVER-COOKED.

Brazil Agriculture as an industry is 20% - roughly 400B - Nigeria tells us their is worth 40% - roughly 160B.

At it apex - when Yemi Kale re-based Nigeria GDP was worth 100B (more than Brazil) and Industry roughly worth 200B.

You can google and find some many links

This statistic shows the share of economic sectors in the gross domestic product (GDP) in Brazil from 2007 to 2017. In 2017, the share of agriculture in Brazil's gross domestic product was 4.57 percent, industry contributed approximately 18.48 percent and the services sector contributed approximately 63.07 percen


I don't know why you Nigeria find this hard to understand. Is your education that bad. I thought you were better than Tanzanians who are truly very obtuse.

Oga Brazil's agriculture is about 500 Billion dollars and that of Nigeria at it's apex was nothing more than 180Billion dollars if you say 40%, Brazil's agriculture at 23% in 2017 is already bigger than Nigeria's GDP, so what the hell are you ranting about? At the moment agriculture in Nigeria is 18%( value added % gdp only) and is 50-60Billion dollars( using your value added percent gdp) and that of Brazil is slightly higher at 5%( using value added %) this doesn't make Nigerian agriculture close to that of Brazil, because the total% GDP of agriculture in Brazil is already at least 3-4 times that of Nigeria and even bigger than the Nigerian GDP as a whole presently.

rvp2018:
Yemi Kale poodle!

it's hard reading your prose - kindly try use paragraphs. One more manifestation of your poor Nigeria cum Adis Ababa university education.

Agricluture strictly speaking as per UN classification accounts for roughly 20% of Nigeria GDP - and 40% of GDP when whole industry is factored ( I am talking agro-processing and entire value chain). Those are the data that I got from Yemi Kale of Adis Ababa university. Brazil is 5% and whole industry (agri-business value chain) is factored (20%).

Yemi Kale should have looked at Brazil's agriculture GDP and stopped there! Brazil is world re-known agricultural giant!!! - that is why IMF ought to have helped Yemi Kale validate his numbers.

So let us go slowly - let's compare Nigeria and Brazil GDP - on agriculture - strictly - as per UN Classification - A - Agriculture, hunting and forestry 1 - Agriculture, Hunting, Forestry and Fishing.

Brazil share of agriculture GDP is roughly 5% . Nigeria share is 20%. Roughly they come to around 80B. According to Yemi Kale - Nigeria is world six biggest agricultural power-horse - better than likes of France.

I don't want to go further than this for now. Let settle that first - what is share of Nigeria and Brazil GDP (classification A - Agriculture).: Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production.

Oga he was talking about the whole industry of agriculture in Brazil which is 20% and about 584 Billion dollars ( already bigger than the entire Nigerian gdp), he wasn't talking about % value added tax of agriculture in Brazil which is 5%, you are the one bringing that here because you 've been cornered and you are a professional when it comes to straw man arguements.
Simply admit you were wrong about Nigerian agriculture competing with that of Brazil and give it up.

l'm beginning to have a feeling most of these guys here are not Kenyans but lost Nigerians who can't find their way back home from Kibera except Prolly a few like Tayser and mtis.

sufferNsmiling:
The statistics you gave are not correct you made the mistake like a lot of nigerians.1 you are putting 100% profit on a barrel of oil that is wrong. You cannot get 100% profit from one barrel. You have to drill oil wells ,you have to lay oil pipes, you have to put oil rig. There is no business in this world 100% profit you have to invest in infrastructure and facilities for the business. The amount of money nigeria mix form a barrel of oil is no more than $15 us dollar. A country like saudi arabia make 65% profit from its oil. The other hand we have massive oil spills, we had pipelines being blown up, we have oil theft, nobody calculate these losses. You cannot see 2 million barrels payday x 365 day. Then you will x the total by the price of oil sorry it does not work that way. Why companies will take their profits they will pay their workers. The government will take their profits. Some of the profit we go to infrastructure maintenance.

Hmm na two of una kukuma fit each oda before.

rvp2018:
YEMI KALE OF ETHIOPIA UNIVERSITY HAHAHA RESPECTED BY WHO.With bsc and msc from lowly ranked Adis Ababa university.You got jokes.The university is ranked 12k places..probably worse than any kenya university and that your number guy.

. Yemi Kale is the Statistician General of the National Bureau of Statistics of Nigeria.[1]

Under his tenure, the GDP of Nigeria was recalculated, and following the recalculation, declared the largest GDP in Africa.[2]

Kale assumed office in 2011,[3] and was reappointed in 2016 making him the first chief executive in the Agency's history to serve two terms as statistician general. Kale is also a member of the boards of Skye Bank and SFS Capital Nigeria Limited. Before assuming office Kale acted as a special adviser to the Nigerian Minister of Finance and Minister of National Planning as well as group head of research and strategy at Investment Banking and Trust Company, now Stanbic IBTC Bank[4] In addition, Kale is a member of the World Economics Association, UK Royal Economic Society, and a fellow of the UK Royal Statistical Society.[4] He is also a fellow of the Nigerian Statistical Association and a fellow of the Institute of Chartered Administrators and Researchers of Nigeria among others. At The National Bureau of the Statistics he has been applauded by both Nigerian and foreign observers from his reforms in the data process which many believe has restored sanity to the data production process in Nigeria. Kale is commended for introducing methodology updates, some decades old, using modern technology such as Computer Assisted Personal Interview Devices to gather data and improving platforms for data dissemination including a data portal, upgraded website and App and the use of infographics to make data easily understandable by users. Under him timeliness of data, data quantity and quality has been greatly enhanced and data credibility improved significantly. He is highly regarded for his fierce refusal to tamper with data or rejection of the politicization of data which has gained him recognition from both pro and anti governments stakeholders as well as the international community. In August 2016 he declared that Nigeria"a economy had entered into a recession, the first time in 25 years. Kale was awarded the National Productivity Order of Merit for outstanding performance, professionalism and diligence in February 2017 by the Nigerian President Muhammad Buhari.

rvp2018:
Algeria’s installed electricity generation capacity stood at 19,006 MW, of which 97 per cent was based on thermal energy sources, mainly gas.

Nigeria theoretically can generate 10,000mw - but hardly are able to generate 2,000mw.

Without power - there is very little manufacturing and mining going on in Nigeria.

lf you are really concerned about this GDP thing, go field your questions to Yemi Kale, on their website or Social media, the man is not shy of answering questions, and from my research the man seems to be well respected internationally and a sound world class technocrat. Good luck.

Dr. Yemi Kale is the Statistician General of the National Bureau of Statistics of Nigeria.[1]

Under his tenure, the GDP of Nigeria was recalculated, and following the recalculation, declared the largest GDP in Africa.[2]

Kale assumed office in 2011,[3] and was reappointed in 2016 making him the first chief executive in the Agency's history to serve two terms as statistician general. Kale is also a member of the boards of Skye Bank and SFS Capital Nigeria Limited. Before assuming office Kale acted as a special adviser to the Nigerian Minister of Finance and Minister of National Planning as well as group head of research and strategy at Investment Banking and Trust Company, now Stanbic IBTC Bank[4] [b]In addition, Kale is a member of the World Economics Association, UK Royal Economic Society, and a fellow of the UK Royal Statistical Society.[4] He is also a fellow of the Nigerian Statistical Association and a fellow of the Institute of Chartered Administrators and Researchers of Nigeria among others. At The National Bureau of the Statistics he has been applauded by both Nigerian and foreign observers from his reforms in the data process which many believe has restored sanity to the data production process in Nigeria. Kale is commended for introducing methodology updates, some decades old, using modern technology such as Computer Assisted Personal Interview Devices to gather data and improving platforms for data dissemination including a data portal, upgraded website and App and the use of infographics to make data easily understandable by users. Under him timeliness of data, data quantity and quality has been greatly enhanced and data credibility improved significantly. He is highly regarded for his fierce refusal to tamper with data or rejection of the politicization of data which has gained him recognition from both pro and anti governments stakeholders as well as the international community. In August 2016 he declared that Nigeria"a economy had entered into a recession, the first time in 25 years. Kale was awarded the National Productivity Order of Merit for outstanding performance,[/b] professionalism and diligence in February 2017 by the Nigerian President Muhammad Buhari.

gallivant:
Kenyan women have produced Nobel prize winners. Nigerian women are flowergirls who belong in the kitchen.

Noble price winner in what?? peace.
ok congrats.

rvp2018:
Comparing Algeria (Solid 180B economy versus Nigeria (fake 400B economy).

1) Start with Energy sector - both countries most important sectors.
Oil production - Nigeria (2M) verus Algeria(1M) - barrels per day.
Gas Production - Nigeria (3.7) versus Algeria( -billion standard cubic feet per day

So give and take - Algeria has slight edge in Oil & Gas sector - on the account of superior gas production.

Oil & gas generates - 60-70% of Algeria revenue - which about the same as Nigeria (use to be high of 95%).

Algeria export nearly 80B worth of goods - Nigeria is struggling around 50-60B - both countries exports 97% consist of Oil & Gas.

So export now determines GDP, for two countries with a huge difference in consumption, demand and population, and yet you think 60 billion worth of exports to 80 billion is not significant considering that?just let it rest and don't bother quoting me anymore because you are a clear ignoramus, worst case is that you even think you are knowledgeable. You made it clear in your previous post, no one would investigate Nigeria because it's Nigeria afterall, it means no one cares about Africa then because Nigeria is the biggest economy in Africa.
l have told you, believe what you want as you have a right to your opinion. The stats on the ground do not agree with you, when they do then we talk.

rvp2018:
I am ever ready for you

Okay let stick to facts - we are not debating Lagos - but Nigeria - and if you explanation for the prevalent endemic poverty in Nigeria (despite officially a whopping 400B econom) is that Nigeria growth is unequal there is simply no data to support that. The data I gave you are 2017 - Kenya (10K dollar millionaires), Nigeria(15K with 4 B) and South Africa(45K with 6B). Therefore your argument is BASELESS.

As for Nigeria GDP being larger than Algeria now (lets not talk about Nigeria historic problematic cooking of data) - I think I am willing to debate that.

My theory is Nigeria GDP is about the size of Algeria now. It's CERTAINLY IS NOT AT LEVEL OF SOUTH AFRICA OR EGYPT.

.
ok then, the debate is meaningless, since no one takes your strange views seriously, until you can forward your illogical claims to the bodies that matter, it's just your belief which you are entitled to and which is irrelevant, so arguing this is pointless.
However l can state officially anywhere about Nigeria being Africa's largest economy and no team of Economic experts anywhere would challenge me, but for you, you can't present your views beyond the pages of Nairaland and the walls of your bedroom. So yours for now is mere beer parlour talk.
No sane Economist would believe that Nigeria's Economy is the size of Algeria( and it defies common logic even), so why should your opinion matter? that you believe such tells me l'm wasting my time here.

rvp2018:
Which billionaires - you ony have 4 dollar billionaires? - and you have 15K dollar millionnaires compared to 10k in Kenya. South Africa and Egypt have 30-50K dollar millionaires. You see even if we assume your economic growth is somewhat unequal - it appears at beat your GDP is about twice kenya -180B dollars - or about 3 times less than South Africa.

2003-2013, we had more than 4 dollar Billionaire,( about 6, because of the higher exchange rate then) and Lagos have 9100 dollar multi millionares to Cairo's 10200 and Johannesburg's 18000( according to the 2017 data). My point is that it was a period of Economic growth, but draconian capitalism based on corruption and a neglect of infrastructure, and about all the dollar Billionaires came from that era. Before this economic growth and the eventual rebasing, we were at 170Billion dollars already in the Abacha era( the GDP of current Algeria, a country less diversified in terms of trading and services and less populated than we are, with an even less developed oil sector than Nigeria). So it doesn't make sense that with all the capitalist reforms of Obasanjo ( though unequal) and with the opening up of the economy and the privatisation that occurred from 2001, that we would remain at 170 Billion dollars, we actually grew at an average of 6-7% down to 2014 in addition to the oil and agricultural boom.
So tell me what else do you know about Nigeria? oga Minister of lnformation, l ready for you today.

rvp2018:
Evidence of over-cooked GDP

Data from the last comprehensive household
survey (NHLSS) in 2009/2010 indicated that
the official poverty rate3
remained stubbornly
high at 46% of the population (adult
equivalent approach)4
, or 62% in strictly
per capita terms. This indicates only a slight
decline from 48% and 64%, respectively,
that were recorded from the NHLSS in
2003/2004. These poverty numbers raise two
major economic questions. Firstly, why has
the rapid economic growth in Nigeria not
generated greater poverty reduction? Second,
how could an economy of the size and wealth
of Nigeria have such high poverty rates?
The country’s performance is at odds with
the general international trend of poverty
reduction, in particular in other countries
experiencing rapid economic growth like
Nigeria[b][/b]

We all know Nigeria grew at a rate of 6-7% from 2003- 2013 on the average, but the growth was non inclusive, there were more Billionaires from this period but great inequality from the high rate of capitalism at the Obasanjo era increasing the level of poverty, so there's nothing special about this data. You don't even know what you're quoting, the statistic there, is no evidence of fake GDP figure but evidence of inequality and a surprise at the level of corruption.
Try as much as possible to understand your links and the points they are passing across.