₦airaland Forum

banku:
Good point.




Nigeria could have done far better, despite your point.

Nigeria could have done far better is different from saying Nigeria regressed. Two different things.
Afterall some countries truly regressed since 1999. Afghanistan regressed, Libya regressed to name a few.

VeeVeeMyLuv:
how was India able to do it?
India lifted 415 million people out of poverty in 15 years. They've sent a probe to the Moon and will send a man to the Moon with the next 3 years.
415 million people is more than twice the population Nigeria has. India doesn't really have much by of natural resources. But they have leadership. Good leadership.

In the same time frame, Nigeria has retrogressed. From 1999 till now, Nigeria has been budgeting towards backwardness. What exactly is wrong with Nigeria? It has to be said. There is no successful black nation anywhere on Earth! For this simple reason; the black man does not understand the concept of the general good. He seeks only for himself. As leaders or the led. That's the common denominator. The 'I better pass my neighbor mentality' is the curse of Nigeria.

Nigeria has not regressed since 1999. We have more bigger financial sector, bigger export base, more growth in diversification for exports, a bigger middle class, bigger tech sector (including Telecoms). More slay queens and slay mamas, more Billionares made (especially in Obasanjo's time), Nord, Innoson, Lekki, a more developed Abuja, Eko Atlantic, Proforce, Bigger Nollywood, the rise and rise of Afrobeats, etc.

blueAgent:
100% correct

So is the supposed low IQ due to the colour of the skin?

Egypt was downgraded further into junk territory by S&P Global Ratings, as the North African nation struggles with a severe shortage of hard currency.

Bloomberg Africa.

This is despite all the support they get from Arab countries.

popizaino:
Keep quiet 🤫.
They are talking of proper city not towns filled with containers and kiosks my friend.


https://www.youtube.com/watch?v=4y-dsKjBtlY?si=hjzD_dIbppkDKsAu

Mehn Wike has changed PortHarcourt. I can't believe it's thesame city I knew in 2016.
Hold up in Rumuola then was hell. Not very splendid roads in most places then but what I see now in areas I knew previously is astonishing.

This is unimaginable. Nigeria fell from exports of 147 Billion dollars around 2012 and 2013 to 47 Billion dollars in 2022 (just within a decade). Nigeria must rise again.

Even at 47 Billion dollars,it was second only to South Africa in 2022 (still exporting over a 100 Billion dollars). Egypt and Morocco came close at 46 Bn dollars in 3rd and 4th place.

Ghana exported more than Kenya in 2022 at 23 Billion dollars to Kenya's 11 Billion dollars.

https://www.macrotrends.net/countries/NGA/nigeria/exports

samorobo:
You are an idiot. Please bury your head in sand. You’ve been shamelessly posting 2or 3 basic block buildings in knust with your extreme over saturation of the image. Does the ugly campus of knust represent the ugly city of Kumasi. You are a dead joke, maybe y’all should relocate your slumpolis inhabited into the campus then .

What they are posting in Knust is almost equivalent to University of Gombe.
Gombe is one of the most underrated states in Nigeria and Ironically also one of the safest states in Nigeria alongside the likes of AkwaIbom. I would be posting pictures along the line.

poiZon:
Lemme tell u what led to the Forex abnomality during buhari.
He came in stopped dollar deposits and withdrawals.

Nigerians who were outside doing their normal diaspora remittance had to devise means to send cash back home.
That 20billion dollar diaspora fund CBn use in defending the naira was cut off cos of stupid corruption fight.
He blocked border forgetting Nigeria still benefits from transsaharan trade, at the end those mallams that were benefitting from these trades from subsahara were out of business. They resorted to banditry, killing and kidnapping farmers.

This is how it started, poor and foolish leadership cos of hatred of one man

Did Buhari block borders in Northern Nigeria?

TheGoodJoe:

They are both terrible. Without the money Obasanjo saved, Goodluck would have had a destroyed the economy.

Buhari was terrible especially with the 22.8 trillion naira from CBN but Jonathan was something else.

Jonathan had oil production at around 2.5 million barrels per day compared to the present 1.4 million bpd. Obasanjo and Yar adua left him 22 Billion dollars in excess crude account and he also had the highest oil prices ever in our history, yet he depleted foreign reserves from 44 Billion dollars to 28 Billion dollars. Depleted Excess crude account from 22 Billion dollars to 2 Billion dollars and increased our debt from 35 Billion dollars to 67 Billion dollars.

soullove1881:
Very simple, naija expectations wasn't this high. Monetization really opened Nigerians eyes. People don't really Japa and there was no much pressure on Naira. Same goes to people taste when it comes to house appliances and furnitures.

So many factors work in his favor. It wasn't like Nigeria was in anyway better bro. To see 1M naira, ur eyes go see shege.

This is why a country like Gambia for instance have the Gambian leone currency very strong. The demand for foreign currency and products is not high. I think it also coincides with economic growth. The only problem is high inflation. Inflation is more important metric than exchange rate as long as the exchange rate is stable.

onuman:
It's only Nigeria's ethnic bigots who expect a president of Nigeria to do more favour for his people than other Nigerian groups.
We tell you bigots that nationhood for Nigeria will always be a mirage because of your ethno-religious bigotry, you still clutch tight to one Nigeria like passengers clutching tight to a sinking ship because the ship carries valuables.

But you just said others want power in order to divert wealth from the SS region to other regions. This is why I asked you: When Jonathan from the SS was in power, would you also say he diverted the wealth of the region to other regions?

According to KPMG, South Africa was the source of five of the 10 largest deals by value seen in SSA in 2022. The top destinations for future investment in SSA are South Africa, favoured by 50% of respondents, followed by Nigeria at 30%,”

DMerciful:
How much was oil prices during Obj tenure?

Truth is Bubu and Tinubu are just incompetent and corrupt!

Obj was selling around 2.2 million bpd. Today we sell 1.5 million bpd. Before September 2023 we sold an average of 1.2 million bpd. So oil prices alone is not the only factor.

onuman:
Ha ha ha. They want to control proceeds from crude oil in the Niger delta region, to further develop their region, and entertain themselves with their music: the SE region is village and erosion ravaged, the SS people are ogogoro drinkers and clueless people.
That's all about their struggles for Tinubu must rule struggle.

What did Jonathan do for his SS region?

kenex4ever:
Oil price has been high since Russia war started, so Tinubu has enjoyed a good oil price but things are getting worse by the day.

Lagos is not Nigeria

Jonathan had oil production at around 2.5 million barrels per day compared to the present 1.4 million bpd. Obasanjo and Yar adua left him 22 Billion dollars in excess crude account and he also had the highest oil prices ever in our history, yet he depleted foreign reserves from 44 Billion dollars to 28 Billion dollars. Depleted Excess crude account from 22 Billion dollars to 2 Billion dollars and increased our debt from 35 Billion dollars to 67 Billion dollars.

Angelfrost:
Keep making excuses for APC... Las las, we shall see how many people excuses go feed.

But it's the truth. On average, revenues to Jonathan yearly was above 70 Billion dollars. By the time of Buhari in 2016, it was down to around 25 Billion dollars caused by Niger Delta Avengers and lower oil prices globally.
There was always going to be an impact.

NzogbuNzogbu:
Uits not by oilprice, buhari had fair enough oil price and killed this country

Mr master strategist is now burying it, if gej had half the pateience yorubas are giving tinubu he would have done more

They didn't give him breathing space, manufactured Boko haram, always creating sabotage but he is still miles above them

Jonathan had the highest oil prices ever on average with production around 2 million bpd. So the indices were favorable to him as well.

Shma2023:
Abuja population = 4M
Mombasa population = 1.5 M
Abuja GDP 2018 = $5B
Nakuru GDP 2018 = $10B
Mombasa GDP 2018 = $6.6B
Kiambu GDP 2018 = $8.4B

Statistically, Abuja is still a baby City, Notwithstanding her bigger than the
entire aforementioned 4 Kenya cities combined in terms of population.

In terms of urban planning, Abuja beats mombasa hands down!

https://www.youtube.com/watch?v=61p_dr552_s?si=IZ4pqOkmnDAftQvy worth noting that Abuja is not the most well planned city in Africa!

CBD - Abuja wins.
Overall Amenities - Mombasa wins.

Abuja slightly edges Mombasa in overall score, but that does not mean you start comparing Mombasa with shitty unknown towns in Nigeria. We should be guided!

Overall amenities like what? Many parts of Abuja on average have at least 21 hours power supply. There is also water supply in Abuja from the Government particularly.
Mombasa only beats Abuja in terms of beaches and the port. Abuja is landlocked and only have artificial lakes like the Jabi lake.

ProblemChild1:
What's is this for crying out loud. This your kumasi should be aiming Ibadan, I swear.

The Kumasi I see here is exactly like present day Ibadan.

Deltamani:
Probably deserves Nomination but winning it is something I’m not sure of, from past till date…

The only reason she hasn't won would be because she plays for Malawi. But if she does well in Europe, she would win it.

Deltamani:
🚨PSG’s striker Tabitha Chawinga wonders why she hasn’t won CAF’s Women’s Player of the Year award despite her consistency over the past few years.

“I don’t know why l haven’t won. Maybe it is because I am from Malawi and the fact that our national team has not played in major competitions but l think l deserve it,” she told The Guardian.

She deserves it.

ProblemChild1:
Look at this mugu both Mombasa and kumashit can't be compared to Port Harcourt, not on real estate, Parks, serenity, Railway system, Hotels, Road network, cleanest. Port Harcourt is way ahead of your village



https://www.youtube.com/watch?v=HMWx0KhOa1o?si=if-Lh8LI_OZRDzua

The lady in this video has made it clear also in another video that she prefers PortHarcourt and Abuja to Accra but she prefers Accra to Lagos. She relocated to Accra few years ago when her Husband was posted there based on job requirements.

vankelvin:
Port city Mombasa is definitely richer than Public servant city of Abuja.

Per number of Billionaires Abuja may lead in that regard but Per GDP Mombasa is richer than Abuja

Give me the data. It's hard to believe.

samorobo:
Another drivel bro. You can’t dismantle a city that has always aced Mombasa. Any it’s a lie,bring your proof that Mombasa is richer than Abuja. Omo wonders shall never end ooo

Mombasa can't be richer than Abuja. That was probably a joke. You know Shma jokes a lot.

Shma2023:
Kenya is not that fine at the moment. Global hyperinflation is wrecking havoc in nearly all Nations, Nigeria included.
Naira is doing way worse than shillings.

I would say it again that Tinubu did well to remove the fuel subsidy but I do not agree with this somewhat premature floating of the naira (in my opinion).

We have too much naira chasing dollars (over 65 trillion naira). I believe our problem is not necessarily lack of Forex (oil prices are high and non oil imports have been improving).

Our problem is way too much naira in the system and this has put so much pressure on our Forex parallel market with too many speculators buying up dollars.
We should have found a way to regulate the loose money supply before floating.

I may be wrong but this is how I see it.

samorobo:
Exactly.
Port harcourt…

https://www.youtube.com/watch?v=4nlYTRL2iUs?si=NiWCUIqkhEq3i5bt

PortHarcourt has changed. I was last there in 2016 and I see the difference. Wike na correct guy.

Chukwuemeka and Dotun don win their polling units.

Light rail now with 54 trips using electricity.


https://www.youtube.com/watch?v=Tpk5HURYwWM?si=Id7QxodQfGt9vhjj

Mkenya2019:
That has always been case - South Africa is big boy - just stuck in middle class but has Africa most advanced economy.

Hmm ya. Naira devaluation too. But it would always be easier for Nigeria to surpass South Africa in GDP than the other way round.

The IMF's World Economic Outlook envisions South Africa's gross domestic product reaching $401 billion based on current prices in 2024, compared with Nigeria's $395 billion and Egypt's $358 billion.

Racoon:
Wale Edun and FreeStuff have been dishing out fake agbadorian data about the economy down playing the negative economic consequences of impulsive debts pillage. Now 31% of IGR goes to pad debts from loans and senseless borrowings.

Debt serving is not debt payment but a stupid economic illiterate first class CSU diploma certificate forger said "nah statistics we go chop?"

The debt servicing is as a result of previous debts owed. So what else would Obi have done? Not service debt?