₦airaland Forum

GeneralDae:
But there are countries in Africa where it doesn't and that proves the point. Population alone is not the vital factor in GDP growth but what the active populace brings to the table.
So you have to give the Nigerian people due credit there beyond the population arguement.
Also not all sme's are equal or of the same value. Aba for instance produces almost everything you can think of from clothes to shoes, bags, etc. but with substandard materials (which is what they have). They rebrand them and sell, not just to Nigerians but outside Nigeria, while they label them with the name of foreign labels or countries most time.

nobody said population growth alone is the end all be all of population growth....you can theoretically have a 6% economic growth but a 7% Population growth.... So although your economy might look like its growing, when in actual fact per capita its getting poorer....

forgiveness:
Who grows GDP?

what is this one saying now??

forgiveness:
When did SA ever had more population than Nigeria?

How come SA was ahead then?

Nigerians are more innovative and industrious than South Africans.

I said "IF" SA had the same population size it would have had an economy 3 times larger than Nigeria..... What is difficult to understand?

forgiveness:
If GDP is going up steadily, people will pay more tax simply because they're earning and spending more.


Do you understand this statement?

only if GDP growth is outgrowing population growth

theenchanter:
if SA has 3x Nigeria's population right now, with ur current economic woes, SA will be in shambles!!!

like Nigeria?

forgiveness:
Nigerians are more innovative and industrious than our noisy SAns.

Don’t cry. Okay.

so why is your GDP per capita three tines smaller?

forgiveness:
If SA is actually better, they don’t need population to have three times that of Nigeria’s GDP because you were once the biggest in Africa. Even America has a bigger economy than China and India with 4 times the population of America.

The point remains SA has been disposed by a more innovative and industrious people of Nigeria.

Deal with this or groan in pain.

GDP ppp China is bigger and India will overtake the US in a decade or so.... Neither of these countries are better than the US in terms of economy though

And yes the SAn economy would have been 3X bigger if it had the same population as Nigeria.

Nigeria overtook SA by sheer population growth.... If Nigeria was truly more industrious and innovative you would have caught up wrt GDP per capita.... But you haven't

obaaderemi:
He's stvpid. You better let him be.

you also don't understand GDP my bru? Must I school you to, since it seems they don't do it in Nigeria

forgiveness:
Bhuahahaha! Just admit you have been schooled.

my bru.... You literally posted the definition of GDP and still couldn't compute how population is a factor of GDP... ..

theenchanter:
no, u said and I quote "Nigeria's population is the main reason Nigeria has a bigger economy than SA".

In case u don't understand what that means..... It means u're implying that population is the critical factor for Nigeria to have a bigger economy than SA.

Saying the same thing without answering my question doesn't make a laaitjei right.

bolded is exactly what I am saying..... If SA had the same population as Nigeria it would have an economy three times that of Nigeria

forgiveness:
How is it measured?

GDP can be measured in three ways:
Output: The total value of the goods and services produced by all sectors of the economy - agriculture, manufacturing, energy, construction, the service sector and government

Expenditure: The value of goods and services bought by households and by government, investment in machinery and buildings - this also includes the value of exports, minus imports

Income: The value of the income generated, mostly in terms of profits and wages.


Where did population comes in?

Population doesn’t produce goods and services but through people’s innovations.

Meaning, Nigerians are more innovative than South Africans. That’s all.

jeezez you are stup1d…...

theenchanter:
what is this laaitjei saying? how can population alone be $30m?

typo my bru 30 million people....

theenchanter post=110199328:
with this wacky logic, why are many populous nations still behind less populous nations?

What u fail to agree is that population, without economic pillars is nothing.

U think it's all about population, ur own dumbness is worse off than rvp's.

did I say population is the only factor to economic size? No I didn't, however it is a major contributer, Nigeria is a poor county, same as Kenya and the rest of Africa as can be seen in your GDP per capita..... As I've said before, the only reason that Nigeria as the largest economy in Africa is because of your massive population....Nigeria certainly isn't more wealthy than SA, that's just the facts my bru

theenchanter:
most people we regard as poor stay in rural areas, most of them grow their own food.... They don't usually spend a lot of money and poverty is measured by cash at hand!

U're a mad man, u know nothing.

smh... Just the urban population living under the poverty line in Nigeria alone is over $30 million

theenchanter:
u've even made the matter worse in ur quest to sound smart.

How can poverty stricken populace afford goods and services they demand to equal bigger GDP.

I guess Kenyans on the thread have a penchant for dumbness.

because even poor people still buy sh1t like food

GeneralDae:
This has to receive an award for the dumbest post of 2022 so far .

actually he is 100% correct.... So your comment should actually be nominated for dumbest post in 2022 so far

theenchanter:
oga, u're just circling around, u're only scaling around like a monkey. I was asking u questions based on ur claim, instead of answering the questions, u lay other claims without proof.

As a second opportunity to redeem urself, "how is Nigeria's population the main reason Nigeria has a bigger economy than SA"?

because larger population = more people contributing to GDP..... Do you know the definition of GDP or must I explain that to you as well?

theenchanter:
I clearly understand economics... And I also know that bigger population do not tend to have a bigger economy but bigger scale of industries do. So, u saying bigger population bla bla bla is trash. igger population without underlying industries and infrastructures would yield nothing.
and we begin from the first step "how is Nigeria's big population the main reason Nigeria has a bigger economy than SA"?

if u can't prove ur claim, stop bluffing nonsense.

you are arguing with yourself bru...go back to my original statement.... I said Nigerias economic size is mostly due to its population.... When you look at GDP per capita its on par with most of Africa, nothing special!!!

GeneralDae:
What's South Africa building that others ain't building. Just list your top three projects by size and value. I think even Egypt should be the ones boasting here about projects not SA.

just check the infrastructure expenditure for every African country

GeneralDae:
confusion.

I know.... Nigeria obviously doesn't invest much in economic education

theenchanter:
stop swirling around, just expatiate what u meant here, laaitjei.

jeezez comprehension obviously not your strong point.....if you understood economics you'd know bigger populations tend to have bigger economies.... That's not to say population is the only factor that contributes to economic size... However Nigeria's big population is the main reason it has a bigger economy than SA for example

theenchanter:
Laaitjei, answer my questions and stop questioning the Nigerian education system.

Tell me how Egypt and Ethiopia corroborates ur point, laaitjei.

did I say population size alone determines GDP?

Shma:
Not really.

100% fact mate

theenchanter:
it's isn't a joke, laaitjei.

jeezez how bad is the Nigerian education system?

theenchanter:
u don't have sense, not even a bit. How does population alone influence economy? When it's right with Nigeria, you all ascribe it to population but not when wrong, even if it's d same same population that's d culprit.

Okay, Ethiopia is about half Nigeria's population, why is Ethiopia's economy not half Nigeria's economy? Why's Egypt, also about half size of Nigeria's population have more than half Nigeria's economy?

Lets hear from our resident economist.

Idiot said it's just circumstances.

please tell me the bolded is a joke

Shma:
If you like it, then cool. I don't have any problem with that.

But the point is ... Anyway, let's just leave it.

I support the development of all African countries......but I ain't ignorant to the fact that SA even with a struggling economy is busy with more infrastructure development than any country in Africa.

mdntiri:
So there's no good Nigerian? Some years back when you read a bad Nigeria story on Ghana web, you'd hear most Ghanaians say the only good Nigerian is a dead one, all Nigerians are criminals. Now you don't see those harsh comments anymore, why?
Because the Nigerians have consciouslytrietoturn their 'bad' story around.Nigeria that was once associated with fraud, 419, now we associate with Davido, WizKid, afrobeat, nollywood,comedy, entrepreneurship etc

There're good positive Nigerians, let's stop lumping all of them together in one basket and giving them a bad name. Even with all their negatives, epileptic power supply etc they're running the biggest economy in Africa, not Egypt, not South Africa, not Algeria. Let's put some respec on their name

that's not an achievement....its simply circumstance that Nigeria has the biggest economy, mostly due to population size..... You will not find a country with a similar population size that has an economy smaller than Nigeria

Shma:
The renovation/ modernizing westlands - Nairobi on the ground has just kicked in

Jl115 will definitely not like this. Horizontal dev will take a max of 2yrs only and all the streets in nai will look like Europe.

In Vertical infrastructure, we're already there.


https://www.youtube.com/watch?v=eL0feFnlOfU

why would I not like this?

Tayser:
This was the only way it was going to end. Your claim was just dumb, son. English is your lingua franca but its not the same everywhere. Kenyans dont speak to each other in English when there is a language barrier unless they are speaking with foreigners who dont understand swahili. The fact you copied our names and pasted them onto beautiful Sunninghill doesn't make you experts on Kenyan languages.

"The Bantu Swahili language and English, the latter being inherited from colonial rule (see British Kenya), are widely spoken as lingua franca."

Tayser:
What do you think?

Im thinking Google is your friend

Tayser:
Go ahead bru

Go ahead with what?

Tayser:
Do you have any proof of this?

Yes