₦airaland Forum

14:
I started hearing about Eko atlantic 17yrs ago, everything seems to be going at snail pace. For intant, Sandton city was started in 1995, now its very big, it has become the financial hub of Africa.

14:
This study put Nigeria’s middle class at 4.1m or a mere 11% of the population. It estimated the middle-class population to account for just 21% of Angola’s households, 14% of Sudan’s, and around 10% of Zambia’s. Furthermore, Standard Bank’s research found that most African households remained in a low-income band − an overwhelming 94m individuals, or 86% of the sample population.

http://africanbusinessmagazine.com/region/continental/how-big-really-is-africas-middle-class/

I hit with facts, not fake numbers.

14:
Skyscrapers, if not occupied, mean nothing, become white elephant. Ask Angola who paid chinese companies billions for building a Ghost city.

14:
More recent data from EIU Canback, a consultancy (and sister-company of The Economist), show some growth (see chart) in the decade to 2014 but it is painfully slow: 90% of Africans still fall below the threshold of $10 a day and the proportion in the $10-$20 middle class (excluding very atypical South Africa), rose from 4.4% to only 6.2% between 2004 and 2014; over the same decade, the proportion defined as “upper middle” ($20-$50 a day) went from another 1.4% to 2.3%. Other surveys are also disappointing. Standard Bank, a South African lender, thinks that though the number has increased, there are still only 15m middle class households in 11 of sub-Saharan Africa’s bigger economies (excluding South Africa and using a range of $15-$115 a day).

https://www.economist.com/news/middle-east-and-africa/21676774-africans-are-mainly-rich-or-poor-not-middle-class-should-worry

14:
According to stats research of 2015, Nigeria had 1.4m middle class and South africa had 35m people considered middle class. Hence you have people subscribed to Dstv in South africa at 6m subscribers whereas in nigeria is 1.6m subscribers, those numbers says a lot.

South africa has more than 2000 malls and Nigeria has only 28, its all about the buying power.

DickDastardLION:
And what is the slave dumb awusa doing about it. i think fulani is not even the problem of nigeria but the timidity and docility of the majority awusa. How can a very large community of people get so used to being herded by an aggressive minority and they not only are loving it but seem to be proud of being lorded over by that minority
Somebody should answer me immediately

GhanaMustGoo:
First of all, the overseer is someone of proven impeccable character. On top of that you have a team of people of proven impeccable character whose sole job is to audit and monitor the overseer. LET ME SEE HOW A DIEZANI OR MAMA PEACE CAN
HAPPEN. IMPOSSIBLE!!

Jayceon:
You must be kidding.Singapore is an African country??

realjoker:
when you are done dancing to the tune of dj Burantashi. Hala me

Jayceon:
You see now you talking like a man (on the bolded),it's not about who has more millionaire/billionaires,it's about who has the high standard of living and TRUST me that when it comes to high standard of living NOBODY CAN UFCK WITH SA, NOBODY ...

shervydman:
freshest4live.....leave that bruh, abeg

shervydman:
don't get it wrong......$ is just a currency, many African countries live below $1 daily, not because we're poor but because our currency is weak.
I spend below $1 most days too.....it doesn't mean I'm poor.

Shaytun:
And where is that scamtooth of a guy, dis one is for him .

https://www.vanguardngr.com/2017/04/nigeria-rated-largest-consumer-of-champagne-as-drinktec-2017-fair-ends/

Nigeria is the largest pumper of champagne.

Jayceon:
and 140 million more is living under 1$/day?..

DutchBruh:
Joker!What is there to prove?Were you born yesterday.

Obi1kenobi:
Inequality is worse in Nigeria than South Africa and most African countries. That is why despite a GDP per capita that is better than many countries across West, East and Central Africa, Nigeria ranks right at the bottom of many development indices with counties like Somalia. Nigeria has a wealthy elite with shortcuts to great wealth (which the basterds often stash or invest abroad), a small middle class and massive impoverishment among the masses.

South Africa to be fair has a welfare system miles above Nigeria which limits the most extreme levels of poverty. There are still problems though bridging the massive wealth gap between the white and Asian minorities and black South Africans.

shervydman:
that's her fortune.....u can ask Isabel dos Santos.

LeSudAfricaine:
yoh, you can say that again

DutchBruh:
Cock and bull stories.Why don't you mention the parts when they got monopoly from some of the most corrupt and brutal dictators the world has known or how they were handed oil blocks. Also,failed to mention what returns they had to make to IBB,Abacha and OBJ to obtain those favours.

AIG07:
If Leicester will be making any mark this season- one thing they'll have to do is change their coach/manager. How can you have a team comprising of Slimani(I still rate this dude), Vardy, Mahrez, Oka, even our own Musa in the front and still can't harness these potentials to play a decent game that will make you a mid-table team still baffles me.

Jayceon:
The world only know Motsepe because he is the most famous,there are others.but here is something that always puzzles me about naija mindset,what benefits do you guys get from celebrating few wealthy people who live in gated neighborhoods while 110 million other are starving? Any logical explanation?

Shaytun:
To the fool in the building.

Can you explain to me why Patrice Motsepe is the only billionaire that is black in South Africa the rest are white. Why. Why

idupaul:
Nigerians have once again lost focus as the discourse is now about IPOB here and there..IPOB has never been a formidable idea , at best it was a joke amplified by Buhari's poor decision..Enough of this IPOB please let the discourse return back to govt performance

MhizzAJ:
Does he ever stay at a place.

Kiakia:
Can you share one download on Youtube? Just one.