₦airaland Forum

rvp2018:
Actually it worse than I thought - IMF told Yemi Kale to give them some few months to validate his numbers - but Nigeria gov - went ahead to announce those crazy figures - that claims Nigeria Agricluture is comparable to Brazil - and not far from US, CHina .

In short Nigeria figures are over-cooked - and it's going to be hard to justify those figures going forward. Nigeria indeed has 520B economy (1 trilion in PPP) only in Yemi Kale.

Nigeria didn't hold census for lack of funds mostly.

lol your report says it was important to get them out quickly before it got politicized, if anything your report contradicts your arguement here. So what if Nigeria hurriedly got it out, how does it stop the lMF from doing their own validation? l thought you claimed earlier that the lMF does no validation, so which is it? Do they validate GDP figures or not?

rvp2018:
So basically you've no evidence of IMF auditing GDPs of any country. Yes IMF do offer technical assistance to Yemi Kales of this world but ultimately if Gov want to cook their stats - and they are many that do this - there is nothing IMF can do about it. They'll just post the figures - and play around with PP (international price comparison).

Just for example tell us how you can count outputs of economic activities - when you cannot count people in census . I mean what sort of baseline data do you use to measure or track your GDP when basic stuff like stats like census are cooked or never held (for lack of funds).A giant 400B has been unable to hold census due to lack of funds. Kenya a small country - will be spending 200M dollars to count it people next year - like it's done ever 10yrs since 1940s! without fail.

Lol so what you are saying is that basically lMF wants to work with Yemi Kale to correct the erroneous data but the guy is just so stubborn or he's been a bad student, and so the lMF had no choice but to post all of his errors on their website for the world to use as a reference. lf that is your point, then l give up on this weird logic.
The last l heard was that the Jonathan Government failed to conduct census then due to Boko Haram insurgency, l never knew it was due to lack of capital. But then you are the all knowing on Nigerian affairs.
The Kenyan based Honourable Minister of Information for Nigeria.

rvp2018:
Show us evidence of IMF audit GDP figures of any country.

You think about it, if the lMF doesn't carry out their own auditing as well, and you believe they post questionable/ doubtful figures from nations of the world ( for which they can't guarantee the accuracy) then why does the world take their economic projections( based on these gdp figures) seriously? everything becomes meaningless and we have no sure data to project anything. Your cement, beer, and milk consumption PER CAPITA as indices makes no sense. Most countries have been improving on their data collection and this is not so much a problem for the lMF as you think. They have branches all over that work with every nation when they should.

kikuyu1:
Wow! Links and sources,pls. As for the rest why are all your metrics close to the bottom? Using HDI,Legatum Prosperity index and Logistics Performance Index you rank with Uganda,Liberia and Benin! Use[b] consumption data per capita[/b] specifically steel,cement,meat,milk,beer,vehicles per thousand to see where you rank. You're a newcomer here and whenever we do that Dangotelanders scream how irrelevant it is not knowing its the biggest underlying indicator of GDP growth.
Anyway,bring it on-we're all waiting.

Your measurement with per capita when discussing GDP shows your economic illiteracy.You like your friend rvp2018 who tells us lMF is like a useless Wikepedia ( without their own auditing) are economic illiterates, you guys only keep disgracing yourselves here. Of all the indices you think are important, only cement consumption can be used as an indicator, but measuring this based on per capita once more is useless.

ls that not Mugabe by the right? or am l seeing double?

Kur17:
Checking where Kenya has come from since the beginning of this millennium, unlike Nigeria, Kenya has made a commendable strides in improving it's citizens living standards...from GDP of $14B in yr2000 to $88B yr2018...from GDP per capita of $400 in yr2000 to $1,837 yr2018...from a life expectancy of 51yrs in yr2000 to 64/68 yr2018...from electricity connectivity of 34% to almost 80%, infant mortality reduced from 74 to 37/1,000, insfrustructure wise has also made a very good progress...

You have made progress, but it's not good enough.

TayserMahiri:
What do you mean by special? Special is relative.

lf that is true, then we agree to disagree, because this arguement is relative in the first place.

TayserMahiri:
Travelling? Really? When was the last time you stepped in Nigeria? Kenya is doing better than Nigeria. Thats the point. So if Nigeria is a pit latrine, Kenya is an cleaner one doing way better as has been proved here since the thread was born. Your work alongside your brothers and sisters has been to deny the obvious because for you its more about ego than truth.

Of Course l go to Nigeria, and l haven't been in Europe for a long time even( just over a year). All Nigerians here take the next flight to Nigeria at the slightest opportunity( Europe is just 6hours away from Nigeria) and there are lots of Kenyans in Germany too, not just Nigerians.
To be honest, I haven't seen that very special thing about Kenya.

TayserMahiri:
So if Rwandese and Motswanas are making positive strides it doesnt matter they are still shitholes like Nigeria? This is the nonsense we dont need in Africa. Let those who are trying be appreciated and those who are doing a terrible job like Nigeria be told smack on their shameless faces. You shouldnt even be complaining from Germany in the first place! You should be in Nigeria changing things and congratulating anyone who has not ran away from Nigeria yet.

l did not run away, my major base is still in warri Nigeria. There's nothing wrong with travelling.
And yes Nigeria is a shithole with shithole politicians, Nigeria is doing very badly.
Kenya is also a shithole and l do not say this to make myself feel awesome, why should l feel awesome about been better than Kenya? We are all lamenting how Africa depends on China and you are here elevating Kenya of all countries, when we know all of Subsahran Africa needs help.

TayserMahiri:
Hope you aint in or close to Chemnitz! Nazis will come for you. The hunger and jungle stereotype is part of the old image of Africa. The new image is migrants dying in the high seas and Nigeria is a major culprit. Instead of Nigeria joining the rest of Africans who are changing the image, you are coming up with a new one. Actually anything you wrote after Global Multinationals is part of this 'frustration' and wanting to feel awesome if everyone else is doing badly.

I do not need to feel awesome, Africa is doing so poorly, our GDP combined is not even up to Calirfonia. Africans are not doing well, and the leaders are corrupt, this is not about feeling awesome but an indictment on all of sub Saharan Africa and the corrupt leaders.
Look at the looting in Kenya and Nigeria, see how the Kenyanta's have dominated Kenyan businesses for a long time, even a Tanzanian showed you how your lands have been taken by foreigners. Kenya should not be having the largest slum in Africa, seeing how you brand yourselves as a tourist destination.
Kenya is not it. Nigeria is not it, South Africa is great, but the blacks there are yet to convince me they are any different or less foolish than we all have been. Rwanda/ Botswana are making strides ( as they should) with a few million people, but it's not enough and no matter what they do, their influence can only be felt there and not the continent.
lf Kenya, Ethiopia and Tanzania does well, East Africa would feel it, if Nigeria lives out half her potential, Africa would be the better off. South Africa is a far cry from what she used to be in the days of Mandela, and must wake up( together with Ethiopia and Nigeria) to become world powers from subsahran Africa.

TayserMahiri:
The narrative that it is bad everywhere in Africa is actually a case of people not accepting their situation is actually worse off even by African standards. Some parts of Africa are doing great things. Collectively, people who are drowning at sea are at the very bottom of this barrel. North Africans can hardly be said to be doing terribly because despite being close to Europe, they arent the ones dying to go there. Dont try to drag everyone into your poo please. In Kenya we have very serious ambitions before the turn of the half-century. We are doing truly great things even by global standards like the first class speed of our internet, agriculture, our Pan African belief, trying to undo the Dark Continent image, re-positioning Nairobi as a HQ for Global Multinationals, innovations etc. That blanket assessment of Africa you have in Nigeria is only to make yourselves feel better of your sorry situation. Dont get me wrong but you are dragging us into your poo

Ahn Ahn, come of it my man, Africa is a shithole, and Kenya, Sudan, and Somalia are to be blamed for the poverty, hunger stereotype of Africa, from the late twentieth century down to the early/ mid 2000's. Even today, whenever I'm in Eastern Germany, l keep seeing pictures of poor African/ mostly Kenyan children on the street whom the Germans say need food and then the citizens continually donate to these agencies. Most of the donations were to East Africa and Kenya included.
Africa is known today as a backward place full of jungles and starving kids, and Kenya has contributed largely to this stigma, this is small in comparison to so called folks dying on the Libyan sea.
There's nothing special about what Kenya is doing, Nairobi as Headquarters for Global multinationals and what has this benefited you and the Kenyan people? Kenya is still a shithole, and your FDI has been nothing special nor does it rank top in Africa, perhaps they come to clean up the Kibera slums, the largest in Africa despite your small land mass.
For innovations, what are the Kenyan innovations? where are your top brands/ investments over the continent??
Kenya is also damn corrupt as Nigeria even without resources like oil, with the Kenyata's looting you dry. Don't hide your problems here, we know them. Africa is a shithole with a combined GDP not up to that of France's and lndia. Kenya having only 171 Billion dollars as GDP/ PPP.
Face it, 99% of Africa is shithole and not doing well as they should.

TayserMahiri:
Africans congregating in China to hear what help they can get. Hopefully one day Africans will use the rational parts of their brains and rise above this mentality. On this one I cant even stand with my president.

Anyways, look at Bubu's name in Chinese

Hmm kudos for this post, what Nigerians here have been saying all these while. Even Nigeria is a disgrace when it comes to these matters, but it's worse with many other African countries.

Kur17:
Kerio valley, Kenya
https://en.m.wikipedia.org/wiki/Kerio_Valley

Ain't you tired of posting all these? Why not take them all to your Kenyan Swahili forums or Sky Scraper. These pictures alone are boring if you are not posting them for our knowledge or fun.

jaycent:
Nah man, boko haram won't even think of coming to minna with the kind of tight security we have in Minna. Boko haram will never ever dream of coming to minna. When boko haram leader sent letter to the Governor of Minna, that minna is their next target. The governor informed the police and the army, everywere where covered with security. Armys, police, civil defence etc. The armys blocked the city gate while the police wher busy roming around the city, some of the police even use chopper. They did that for about 3 month we did not see any boko haram. Have u ever heard of Bomblast in Minna?

The reason BokoHaram survived this long in the North East may be due to extremism, and the corrupt politicians fielding them with information to extend the insurgency for their own gains, BokoHaram would hardly survive outside that terrain.

TayserMahiri:
That list has no basis. Seems the writer used his inner gut feelings. We need real quantifiable and tangible basis for a proper ranking like the one provided by the WEF.

Nigeria has the second largest number of tech hubs in Africa( 58 to SA's 59).
Kenya as a whole has 31, same as Lagos alone in Nigeria.

rvp2018:
It nothing to do with pride. It everything to do with ability to repay. Nigeria had big debt crisis in 80s and 90s - when Oil prices crushed and certainly they were unable to repay.Most of that debt had to be repay. That is what inform their fear of loans. Right now you basically have no taxes or revenues to repay any serious loans - you can only bet on the oil prices going up - or you going burst.

That's what I'm saying, we depend more on oil for revenue, that's why it is foolish to measure the GDP based on our revenue alone.
And yes you are right, we fear we have no ability to repay because our revenue seems limited to oil and is not much, we also fear moreso for our high level of corruption which may see the loans diverted without tangible infrastructure.
However this is different from your arguement that the world bodies are afraid of giving us heavy loans( rather than that we are scared of requesting for heavy loans).
lt is this part of your arguement, l and Obi Kenobi 1 have asked you to substantiate several times with proof, but you have failed to do so.

rvp2018:
I have seen the loans offers you get - very similar to kenya - and you always struggle to pay. It's not rocket science. You have as much reveunue as kenya - and therefore you can only borrow as much. You cannot be approved for 200-250B - about 50% of you GDP - as is the rule of the thumb- because you've no chance in hell of repaying it. So with 70B debt - you're already in a big hole - because you real GDP is around 200B.

Nah, we don't borrow much because it's one of the things Nigerians generally detest in a Government.
Nigerians are generally proud and conservative when it comes to borrowing, and the presidency is usually careful. Nigerians believe we have the resources and the money and do not need to borrow, and that Government borrows because it's corrupt.
This for instance is the current outcry against Buhari, we are more conservative than you Kenyans or Ghanians ( Who recently indicated interest in floating a 50 Billion dollars bond) when it comes to things like these.

l have listed reasons in my previous post why the Nigerian federal budget is 20Billion dollars.

rvp2018:
That rich coming from you. Whatever Yemi Kale throws to Imf/WB - that is what they'll take - can only massage the price numbers or advice on weighting - but as a rule - whatever Nigeria tell the world - is their GDP - it will be taken at it highest. But there are things you can't fake. So obviously if you ran to WB or IMF - the same IMF that accept you economy is 500B - cannot even lend you 10B - they lend you as much as Kenya .South Africa whose GDP is credible has debt of nearly 180B - Kenya has debt of around 50b - with GDP of 85-88B. Nigeria has 70B debt - and struggle to pay. Look at the gov revenues...520B economy - can only generate 20B '. A real GDP like South Africa generates revenues more than 100B. Kenya has revenues 20B.

In short you're free to fake it; call yourself the biggest economy; but besides the momentarily bragging right brought down by realization that Nigeria replaced India as poverty capital; it won't help you.

What is important for Nigeria is to find it's real bottom. To know the kind of hole they are in. If they deluded themselves they are big economy - they will not hold themselves or their politician to account.

Can you provide evidence anywhere that Nigeria was ever denied huge lending sums or loans by the World Bank or lMF? lf you can't then you're just stating rvp facts from your arse again.

Nigerian federal budget is 20 Billion dollars because...

1) corruption is the bane of the Nigerian Government ( for example the Nigerian Senate has some of the highest salaries for Senate's in the world, there have been several lootings as well). We have heard of lootings from Nigeria of close to 90 Billion dollars, and recently there was an investigation for a missing 20 Billion dollars.

2) Nigerian revenue is largely dependent on 60 Billion dollars worth of oil much more than taxes. There are a whole lot of financial bodies especially in Lagos whose taxes would contribute a lot but some evade taxes, while some just do not pay. Government is working on this ( though slowly).

3) ,The federal budget is separate from budget for states.

With cellphone penetration at 68%, internet penetration at 33% and 25% of Nigeria’s population owning a smartphone, Nigeria is easily one of Africa’s most technologically advanced nations. Companies like IBM and Google have created innovation hubs in Nigeria.

Nigeria is the home of many ground breaking inventions and technology companies like Iroko Partners. Nigerian Saheed Adepoju is the inventor of the INYE-1 & 2 tablet computers. Another Nigerian , Seyi Oyesola, co-invented CompactOR or the “Hospital in a Box”, a portable solar-powered life-saving operating room

TayserMahiri:
Nigeria possibly fairs better than Tanzania in terms of technological adoption. Kenya typically has its hands on a new technology launched abroad within a year (or first in Africa) thanks to our highly literate govt officials. i.e technological readiness.

As at last year, the WEF (World Economic Forum) ranked Kenya higher than both Nigeria and SA technologically based on the capacity for innovation, quality of scientific institutions, company spending on Research and Development, University-industry collaboration in RnD, Government procurement of advanced technology products, availability of scientists and engineers and the number of patent filled under the Patent Cooperation Treaty.

kenya ranked 37th Globally on innovation, followed closely by South Africa with a similar score but ranked 39th and Nigeria falling behind with a score of 2.8 and ranked 119th globally.

On technological readiness Kenya ranked 41, SA, 45 and the fake giant 87.

Thats not to say Kenya is entirely better than SA but that SA only tends to outdo Kenya on overall Global competitiveness for being better industrialized, though Kenya is actually more techie even for South Africans. Techwise, Kenya is usually at the very top of Africa. Not much to talk of Nigeria other than they are very old school and unsophisticated as far as technology is concerned.

https://techweez.com/2017/10/18/gcr-2017-kenya-innovation/

Actually these are the top ten tech countries in Africa by a few rankings, a few others though may put Kenya 3rd, but l have seen more that ranks Nigeria 3rd behind South Africa and Egypt. Not that l take these rankings seriously though.


https://www.google.de/url?sa=t&source=web&rct=j&url=https://afrikanza.com/most-technologically-advanced-african-countries/&ved=2ahUKEwjmmcT9-J7dAhUysKQKHdHxCAgQFjAQegQIARAB&usg=AOvVaw0_uARLS5CJhALDuJ7ymKXm&cshid=1535981659324

Nigeria
In 2017, Nigeria was the biggest economy in Africa with a GDP of $400.6 billion, and this makes up for 0.5% of the world’s GDP. Nigeria’s economy ranks top in Africa and 28th in the world. Nigeria has a population of about 190 million with a little over 30% of the population living below poverty level. In 2015, the service sector contributed most the country’s GDP at 54.6%, the industry contributed 25.7%, and agriculture contributed 17.8%. The unemployment rate in 2016 was at 13.9%. The Nigerian GDP by PPP level went up from $451 billion in 2012 to 1,124.6 billion in 2017. Today, Nigeria is the largest oil producing country in Africa and ranks 11th in the world. The oil and petroleum industry contributes significantly to the economy of the country.

Sorry rvp2018, your theory is not the popular one and not official, my theory of around 300Billion dollars is closer to the truth and now found in some websites.

rvp2018:
Obi1, Obaboon, Daeyung,

Let me restate again for you benefit so few salient points.

1) IMF/WB/CIA name them - do not measure GDP of a country - any country - they take whatever is thrown at them by National Stats bodies.
2) When Nigeria told everyone before 2014 re-basing their economy was 270B - IMF or WB didn't go round to calculate their own "more" accurate GDP.
3) Nigeria re-based their GDP by 90% to 520B - 90% increase - while most analyst expected something close to 50%. IMF or WB cannot object or put their figures. Obviously you guys are so embarrased by that 520B (nearly twice South Africa GDP - you are okay with 300B (or pre-rebasing GDP).
4) There are many ways to cross-reference a GDP. There are variables that have been identified that by economic researches that strongly correlated with GDP.
5) Following on 4 - Cement consumption per annum Strongly CORRELATE with GDP IN DEVELOPING COUNTRIES. Regression analysis have been done and save for 1 or 2 outliers - there is a strong correlation btw cement consumption & GDP. If we do not trust Nigeria number - all we need to look at cement consumption of countries at similar level of development with Nigeria - and use it to determine it's real GDP.
6) Based on my own calculation - Nigeria GDP is around 150-200B - I'd take 180B!

Well l think you have discovered something special and new here, maybe you should send your findings to the relevant bodies that matter, l was listening to a news channel recently and they still referred to Nigeria as the largest economy in Africa. Like l said, you make the lMF useless, because any nation could claim anything and it becomes official, which unfortunately for your case is not so. l also checked all relevant websites and this is what l got from one of them, this website even claims Nigeria has a poverty level a little bit above 30% ( which l believe is the truth), but l believe we are around 320 Billion dollars and no longer 400 Billion dollars.



World Atlas - Maps, Geography, travel
WORLD FACTS
The Biggest Economies in Africa
Nigeria is home to the biggest African economy.

The Biggest Economies in Africa
The countries of Africa have shown great economic growth.
The GDP is a measure of a value of total output within a given year. The output is based on goods and services. In 2017, the Gross World Product is estimated at $77.99 trillion while PPP was $126.69 trillion. The world’s GDP is calculated in two ways, the nominal value and based on Purchasing Power Parity (PPP). In Nominal GDP value, the current market exchange rates are used in calculation while PPP is calculated taking into consideration the market value of an item to be the same in both currencies. The purchasing power of each currency is then determined. US leads in the world’s GDP, followed by China, though most of the African countries are still developing, a few of the African countries have done well in the global map.

.

Kazikazi:
You are uniformed.why should a country with huge reserves of gas go after geothermal and not developing power from its gas? Should Tanzania leave a gas and go for geothermal? Should south africa abandon the coal plants and do geothermal?

l wonder o my brother. Some things they brag about here makes no sense absolutely.

Annael:
Slave in your own land. This is Kenya

This is very bad, l never knew it was this terrible in Kenya.

Danielnino00:
Seems like the Kenyans on this thread are far more knowledgeable than the IMF and world bank...
We are asking them to drop verifiable proof(not assumptions and theories) that our GDP is less than $200b like they claim.
.

The rvp2018 guy would tell you lMF accepts whatever is given to them, if that is true then lMF becomes useless for reference and research and is no different from Wikepedia, but this is not the case, because the lMF data is quoted most reliably for formal research papers on any countries' economy.
lf Yemen can inflate their figures anytime to bring out new data as the best economy in the middle East and the lMF, trading economics, World Bank, would just put this on their website, without their own checks and balances, then those would no longer be reliable websites or quotations for GDP figures, but the last time l checked they are.
They agree Algeria is 150Billion dollars, but Algeria is not only less populated than Nigeria but also less diversified, so if Algeria is 150 Billion dollars, then of course Nigeria at worst can only be around 300Billion dollars, and these are what the official figures state.

rvp2018:
300b is south africa and egypt level.Algeria with abt your oil and gas is around 200b.I put nigeria gdp around there..depending on oil prices...a low of 150b..is more probable.You just need to look at nigeria national accounts to see how unreleastic the gdp.Gdp that generates gov revenues equal to kenya..gdp without as much debt leverage..youre crying debt of 2 or 3b that babu had given you..WB are still offering your peanutd coz your gdp is peanuts.A country like south africa can easily borrow 150 b dollars.Nigeria has no debt issues..no sane person can lend it anything serious..am talking 50b dollar in one transaction..poor kenya has accumulated 50b dollars debt..because we can repay..we can leverage our credible gdp.Nigeria with officially 400b gdp are issuing 1.5b eurobond..what kind of nonsense is that..its not even 1% of your gdp.At minimum ypu should be able to leverage to as much as 200b dollars and still remain healty at 50% gdp to debt ratio...but you gdp is crap..your tax revenue non existent..private sector puny..and someone has to basically bet on your oil revenues.

Algeria depends on oil much more than Nigeria and has a lesser working class population compared to Nigeria's 90million and also a less vibrant service/ finance sector to that of Nigeria, so if Algeria is at 150 Billion dollars, then it doesn't make sense that Nigeria is 150 or 200 Billion dollars. This is why no relevant economic stat agrees with you.
Note that we also have a bigger/more developed oil sector than that of Algeria.

Obi1kenobi:
I don't quite get the point here. I said I was inclined to believe Nigeria's GDP was closer to $300b rather than $500b. The point is I believe it is significantly lower than what is declared now, as the methodology isn't clear. I don't have exact figures and you haven't linked us to a study that is credible and comprehensive either. One line from one Professor's speech is not enough to accurately determine GDP. What more are you expecting me to add to that? I'm open to any information you have that is credible.

l have also told them the Nigerian GDP is around 300 Billion dollars. l simply don't know what these people want again. They keep saying 500Billion dollars. Nigeria is just slightly above a 100 trillion naira economy looking at it critically.
These guys won die on top this GDP matter, na to compare with their 70 Billion dollars economy, even in PPP, Kenya is way too low with just 171 Billion dollars.

rvp2018:
Please try understand what forex reserve is and what they are meant for.Those are mainly for trade aka import cover and defending the naira.You can only borrow more than kenya if have more revenue than us..those revenue you use to repay debt.Nigeria can only borrow when oil prices are predictably high.Kenya can borrow any day.Nigeria has struggle with 1.5b eurobonds..we are 4b eurobond..china 10b..adb..wb..imf..our revenues equal to n8geria are reliable

Wtf are you saying? Nigeria can borrow any time, and Nigeria even last year during recession rejected lMF funds and help at a time, and also till date prevents some states from borrowin much(Kaduna most readily comes to mind in recent times), so how did you arrive at this analysis? I'm really interested now.
This Govt has even been criticized for borrowing more than all previous Governments put together, even when oil prices were not high in early 2017.
So saying Nigeria can only borrow when oil prices are high may just be another rvp2018 fact straight from the arse as usual.

Danielnino00:
The usual cooled figure bla bla



And u have been lying all this time about Kenya being almost arid.. Less than half of.Kenya is arid..

Northern Nigeria accounts for over half of Nigeria agricultural production yet its arid with less rainfall than the south...

since u have been on this thread,u have being lying and lying..

Always lying and quoting figures from his arse.

Danielnino00:
Other agricultural commodities that Nigeria is among the top 20 producers as per FAO data of 2016

* Cocoa - 5th
* Onion - 20th
* coconut - 18th


Agriculture accounts for about 20% of Nigeria's GDP.. that's roughly $80bn.
Still.larger than the economy of little India

You are wasting your time with that rvp2018 guy, because when he can't give a rebuttal, he would scream fake as usual, and tell us the lMF or FAO accepts any data given to them, such that even if Yemen claims to have the biggest economy in the world, this automatically becomes an absolute fact on the IMF website for all to use as a reference. The Kenyan School of Economics is so so special.

TayserMahiri:
After beating Tanzania there was absolutely no point of repeating the same with Naija. We dont have time for repetitions.

Note that the U-20s are not Queens, its the Senior team. Even your U-20 boys kick ass in football worldcup,,, but the real men got whipped even by Iceland when it mattered. Lets meet at the senior level.

Hmm ok Tayser, it was Croatia (eventual silver medallists ) Who whopped us, not lceland.

rvp2018:
You clearly have time on HongKong and Taiwan. I guess you cannot stand the honesty and intelligence of Obi guy - that probably the only Nigeria here with some brains. I am not surprised. Expecting to have sound debate with a Nigeria or Tanzania is really setting yourself for failure. Your poor education shines through. You cannot argue based on facts, empirical data, logic and just plain common-sense. You rather resort to cheap insults and adhominen.

Let me tell you there is really no need for any data - common sense tell me for a country with possibly a labour force of 80-90M - nollywood is very tiny piece of the pie. I can tell you without checking any data that most nigeria are 1) farmers 2) small scale traders - etc etc and very few are in nollywood! You cannot sustain 1M people in creative industry. I doubt even US can do that.

Again use your brain man, small scale trading or trading belongs to the class of self employment, nollywood as a firm is the second largest employer of Labour besides the Government. Try to think, understand the point before typing like a house on fire. Nollywood is 1% of GDP, it is tiny and not 50 Billion dollars, but it employs heavily as a firm besides the Government.