Fineman87: So, only frigates can carry missiles abi. Do you know how many years it takes to build a frigate. You mean, we would remain without missile capability until a frigate arrives. Smh.
I didn't say that, just stated Nigeria doesn't have any missile armed vessels
Fineman87: Smh. Yes, Hundreds of small boats can, if strategically armed and deployed, destroy a big navy.
See bro, a ship is just a platform. It is the weapons onboard that fights. Haven't you heard of missile boats. Small missile boats can maneouvre like hell. Iranian boats are harassing US ships in the Persian gulf.
Fineman87: You need to do some more research. ... So, If an enemy ship is approaching Nigeria now, you mean we have no vessel to attack it... the very fact that you think we have not one missile boat makes me want to ignore you.
No service chief will dare command a navy that cannot attack.
You have to do more research...... Nigeria does not currently have any missile armed vessels
Fineman87: Thank you for your reply. You see, many people confuse naval warfare with land warfare.
In naval warfare, every boat is a potential weapon. Iranian small boats harass US warships in the Persian Gulf. In fact, hundred small boats can potentially destroy a big navy, if strategically armed and deployed.
For Nigeria, all ships of length 30m and above can be missile armed if necessary. The most important thing is having sufficient ocean-going ships and enough weapons in storage.
Fineman87: Don't worry about modern warships. Any ship can be armed within hours. The most important thing is having the ships that are ocean going. And maybe 3 well equipped fast attack crafts.
Nigeria has missile armed fast attack crafts and we are skilled in anti-sub warfare. That ia what matters for now.
Big ships need big maintenance, which in peace time raises the question of necessity. Two or three warships are just ok. And we have them.
Nigeria currently does not have missile armed vessels its hence why the NN is looking to buy a new frigate
Fineman87: Don't worry about modern warships. Any ship can be armed within hours. The most important thing is having the ships that are ocean going. And maybe 3 well equipped fast attack crafts.
Nigeria has missile armed fast attack crafts and we are skilled in anti-sub warfare. That ia what matters for now.
Big ships need big maintenance, which in peace time raises the question of necessity. Two or three warships are just ok. And we have them.
Compare apples to apples mate...........Different organisations have different means of measuring poverty, I've had this argument with Nigerian and Ghanaians.
So in the medium term - we might see property prices cooling down in the few areas of Nairobi - and increasing everywhere.
Again distinguish btw affordable housing for the poor (subsidized if need be) and the million-dollar world-class properties.
We want both. One is an investment - like Equities - mr Investment Analyst. The other is human rights issues - the right to shelter.
Your original mention:
rvp20182: How is it a bad thing? Property values rise with development including infrastructure around it.
What you said afterwords:
rvp20182: Two things. 1) Lack of economies of scale - kenya housing went informal since mid 90s - and 2) most property investors have to provide infrastructure too - build sewers,water and roads.
So what is it know? is Kenyan house prices tied to infrastructure or the lack thereof?
rvp20182: Two things. 1) Lack of economies of scale - kenya housing went informal since mid 90s - and 2) most property investors have to provide infrastructure too - build sewers,water and roads.
I think we can sort the first one by allowing pensions funds and gov to move back into housing - and deliver mass houses cheaply. We are working on that - affordable housing.
The second one is also happening. In about 6yrs - we have doubled our paved roads from around 11,000 to now 20,000kms. We are also massively investing in water, sanitation and electricity (one world fastest electrification).What is pending is just to get light rail or metros - at least in Nairobi and Mombasa.
So in the medium term - we might see property prices cooling down in the few areas of Nairobi - and increasing everywhere.
OK so now you are literally saying the opposite of what you stated originally
obaaderemi: In some instances it is a good thing. Especially if you are an investor in real estate in a rich economy. But in a poor economy, it is not a good thing as many will be driven to live in slums.
South Africa has the cheapest property prices in Africa..........so
rvp20182: Stop lying!! ICP was last done in 2011 and released in 2014. The ICP cannot keep up with economic dynamics - like the USD is doing - showing your sick economy almost immediately.
The release of the 2011 ICP round results in 2014 was met with some disagreement among scholars, but a dominant view emerged that they represent an improvement over the 2005 round. The release triggered a revision of the international poverty line which was updated from $1.25 / day in 2005 PPPs to $1.90 / day in 2011 PPPs. The IMF also uses the resulting PPPs in its Quota subscription allocation, as does the UNDP in the calculation of the Human Development Report’s Human Development Index (HDI), and a number of the SDGs involve PPPs in their measurement.
rvp20182: Extrapolated. Sounds like guesswork. GDP PPP is mostly calculated by World Bank's ICP - International Comparison Prog - and this was last done in 2011 I think. That is now nearly 10yrs.
The other people who do GDP PPP are the University of California (used to be the University of Pensyslavia) - and university of Gronigen through what is called the PWT (Penns World Table) - now that is in version 9.0
Get it from me - the biggest problem with GDP PPP - is simple - apart from not taking care of the quality of goods and services - [b]is that daunting task of collating global basket of goods and service[/b]s...so GDP PPP is normally very outdated.
I'm not surprised that it's sounds confusing to a software engineer however the concept is pretty simple.
Secondly the WB icp survey was last done in 2017 not 2011.
rvp20182: Do you know how GDP PPP is calculated? Explain to me. But let me help you. IMF/WB/some US universities collect market data like once 5-15yrs - and develop the PPP basket - and that becomes the basis for any calculation for the next few years. It cannot be done annually - because they have to collect global data!
So it lags behind - but USD is very accurate - because it's the global currency. That is why nominal GDP is used as the GOLD standard.
So methodology (PPP) is new - but the data is mostly outdated. And it really works for little countries in developed world - NOT SOUTH AFRICA. In fact for developed and mature economies - it has no difference - so USD pretty good indicator for RSA economy.
So what is happening you're quoting GDP PPP based on out-dated ppp basket while you have the rand telling you - your economy is taking WATER and sinking.
Sunk to 200B!!
LOL.........more ignorance, guess you never heard of extrapolating PPPs to non-benchmark years, or the fact that benchmark years are calculated every 3 years and not 5-15 years!! So yes GDP ppp is calculated yearly.
Secondly:
"The concept behind PPP is quite simple. You cannot always compare two countries in a meaningful way by comparing their GDPs at current exchange rates. Prices are different in different countries in ways that current exchange rates do not offset. This means that relative living standards are a function of more than just relative incomes."
rvp20182: It's now outdated because the rand is taking water and sinking.
You see nominal GDP only make sense for North Korea kind of hermitic countries that are not connected internationally. But South Africa at it's level of development and global economy inter-connection - the nominal gdp and ppp - will trail each other. What is going to happen is inflation - will even things - and your GDP PPP will drop similarly.
The problem with GDP PPP - is not the defacto standards or even acceptable- so those PPPs are calculated like once every 15yrs - by some proffesors - because it's still a concept infancy.
It always been outdated when comparing countries to each other..... I've posted several sources that state this.
And GDP ppp is calculated yearly and it is the standard measurement of economic output fyi!! It's not a falancy as some random software engineer calls it, but actually an improvement on GDP Nominal.
P. S you have already showed you ignorance with regards to simple accounting("profits are booked forward" lol ) and now you are showing your ignorance with regards to economic matters!!
rvp20182: Sound apartheid. Sound British. Sound like we still got some colonial legacy to deal with. Sound FAKE! What hell is South Africa in Zulu or Xhosa? Azania is more Bantu sounding.
rvp20182: Keep GDP PPP for Azania affairs. Let use nominal GDP. South Africa economy has reduced by 25% since your last heard. The reason - the RAND has dropped dead like a fish out of water.
As of now - this month - Azania GDP is roughly 275B dollars.
Now tell us Gauteng GDP - and then Joburg GDP using that new figure.
Actually use 29-30% of rand depreciation since January this year. What hell is going on in AZANIA. 30% rand depreciation is ZImbwabwe! kind of blow out.
Sorry, fu.c.k that - 32 % - undoubtedly the world worst blow out of a currency. The entire Gauteng SIZE Nominal GDP has evaporated into thin air in just a month. We got nothing to discuss. Your normal GDP has lost 150B - so we are talking 200B dollars nominal GDP .
I told you why GDP Nominal is outdated and it is for the exact reason you are stating above, short term currency fluctuations don't have a massive impact on the spending, as local prices still stay the same, the Rand is one of the most undervalued currencies in the world and according to the bigmac index should be trading R5.50 to the dollar.
It is due to market exchange fluctuations and cost of living that economist developed GDP ppp as it better represents a countries economic output.
It's very possible that the Rand can appreciate by 30% within days as we've seen in 2017.
Now concentrate on getting British East Africa to Gautengs level
rvp20182: SA economy and Joburg. Make a clear distinction. Yes Kenya is about 15yrs away from South Africa - but maybe 10yrs if you continue to scre.w up. Btw Nairobi and Joburg - 5-10yrs.
As I've showed you before, if SAs economy for an impossible reason stood completely stillit would still take Kenya nearly 30 years to catch up
rvp20182: Gauteng (literally GOLD) - account for roughly 100B (about 35%) of your economy - and has Joburg, Pretoria. Meanwhile I have seen estimate that Nairobi accounts for as high as 50% of Kenya GDP - roughly 30% in my view. That is roughly 30-45B. So the gap btw Nairobi and Joburg is small.Joburg accounts for 1/3 of Gauteng GDP - or 15% of you national GDP (now 270B) - so we can assume as of today Nairobi has overtaken Joburg GDP wise...again on a nominal basis (so you don't start long argument about GDP ppp)-- because 15% of 270=45B.
All these are increasingly evident if you look at the pictures of Nairobi and Joburg...the GAP IS NARROWING VERY FAST.
Firstly I use GDP ppp as it is more relevant than GDP Nominal as I've explained previously.
Joburg gdp ppp: $120 billion Nairobi gdp ppp: $45 billion
Gauteng gdp ppp: $280 billion Kenya gdp ppp:$194 billion
P. S South Africas gdp nominal is $360 billion not $270 billiom
rvp20182: I don't see any fire. I gave you a simple challenge - try get to Westland of 5yrs ago. The Westland of now and Nairobi generally is starting to challenge Joburg.
the gdp of Joburg alone is 2 thirds the size of your country and Gauteng has a gdp nearly a $100 billion more than your entire country....... Thus conclusion Nairobi is nowhere near joburg
rvp20182: Running an airline is the most difficult business. Wake up SAA in the morgue and ask them. Fuel is like 1/3 of all costs. Then labor 1/3. Fuel - you hedge or don't - it difficult decision. Labour - Kenya has labor issues like SAA - Ethiopia gov can force you to work for 20 dollars a month. And then mismanagement and corruption. But those are small potatos...biggest problem FUEL and Labour.
rvp20182: And you think KQ has anything retained in their earnings. You're crazy. KQ like SAA and Eskom are not getting out of loss territory soon. What is important is to keep reducing the losses.
KQ Airways is making loss after loss each year............even before and after the 2014 oil crash!
Foreign Affairs › Re: African Militaries/ Security Services Strictly Photos Only And Videos Thread by jl115: 7:31am On May 08, 2020
. 