₦airaland Forum

kikuyu1:
Irrelevant! They're a world away from you. This is your real economy;

Again reading thro the comments of your guys explain why Nigeria is the butt of jokes globally. Zero Critical thinking.

We've looked at Nigeria budget - that include revenues - both at state and federal level - and the difference btw Nigeria and kenya came down to few billion dollars.Well I think you should I have quit at that point. You see the budget consist of revenue+ debt/deficit financing - and of course how realistic those projections are.

I did look at you internally generated revenue and I was shocked!

In 2017 - Nigeria Federal IFIS - collected about 4 trillion Naira with 1.4 trillion coming from petro-dollars - in total taxes it collected - is mere 12-13B dollars - with 1/3 of it's coming from oil.In 2017 - All the Nigeria states collected just slightly less than 1 trillion Naira - with Lagos collecting 1/3 of that - that is another 3B dollars - with Lagos collecting about 1B dollars.[/b]

In total - Nigeria's states and federal gov - collected taxes worth 15-16b dollars (depending on which exchange rate one uses).

In 2017- Kenya Revenue Authority - collected 14B dollars...and all counties combined collected (from levies & fees) around 1b dollars..

So in conclusion..Nigeria the giant of 200M people with supposedly 500B dollar economy grin grin manage to collect as many taxes ($15B) as kenya the dwarft of 50M people with 88B economy grin - and about 4.5B of that from oil.

So if you remove oil - nigeria total taxes is about $10B - against kenya's $15B grin grin grin grin grin grin grin grin grin grin. The paper tiger can only raise about the same tax (minus oil) that Tanzania raise...whose GDP is 10 times lower than Nigeria - I mean over-cooked GDP.

Btw,naira to usd is 370. Read the whole thing twice and see Prof Falade was right! [b]If you can come up with reliable economic stats we can discuss.

grandstar:
Kenya maybe better managed does not make it richer than Nigeria though.

Cameroon may have light 24/7 does not make it richer than Nigeria.

Rwanda may have a National carrier does not make it richer than Nigeria

Statistics still show that Nigeria's per capita income is still higher than Kenya.

Nigeria's case is like that of Malaysia and Taiwan.

Taiwan is much richer than Malaysia but not well run. They say in Asia if you want to sack a lazy employee and don't know how to go about it, simply say he is transferred to Taipei and he will quit immediately.

Despite all that, Taiwan is still much richer than Malaysia.

Lagos state on it's own has a GDP greater than that of the whole of Kenya.

I had a friend who spent 3 years in Kenya and admitted the place is more better organised that Nigeria. He still says Nigeria is richer

I also met a Kenyan lady (well cultured) who was in town for 2 weeks. Unfortunately, she did not go round

She had a few complaints about Nigeria especially the unfriendliness of Nigerians who were impatient because of her accent

We had to bail her out

kikuyu1:
Mind you they're connected to a dead grid supplying max 6 hrs out of 24! Always unpack the stats for context. But then of course their population is huge so....lol!

kikuyu1:
Not to be difficult but I must insist for accuracy IT'S ONLY HALF THAT! Guys, we can't go over this again or we'll never get anywhere.

NairobiWalker:
5 years ago, Nigeria's GDP per capita was almost triple Kenya's. Currently it's almost equal. In the next 2 years we'll be well ahead of them and to think that has been their only bragging point.

TayserMahiri:
Have they picked up the pace cos as at 2016 we were tying at 2.6 %. Tanzanians were more potent baby makers at 3.1 %.

TayserMahiri:
Nice analysis bro.

Is the Nigerian population setup showing any signs of transitioning? That baby factory needs a break

TayserMahiri:
The second photo was taken in Nigeria during the Biafra war. The third one just recently in Boko Haram's territory in the hotbed north. No disrespect to the unfortunate kids.

I told you desperation has killed a few people and you might be next

TayserMahiri:
Tanzanians are more malnourished than Kenyans (from the arid areas). And this has to do with the fact that the emphasis in Tanzania is filling your belly in contrast to FAO standards of nutritional value. In other words Tanzanians, what are you eating? You cant just eat rice and cassava throughout the year.

Daejoyoung:
Nigeria is four times the size of Kenya. 59% is already above a 110million people, hope you know that?

NigeriaIsDoomed:
Inside Kenya

mtis:
literacy rate

mtis:
check number four

mtis:
...

sufferNsmiling:
If you want to see lazy people come to nigeria

obaaderemi:
I am going to take the trouble to reply you because you sound like someone who is smart and calm,not like the old idiots Kikuyu1 and rsvp who know nothing about economics. They should face their fundi vocations. [b]Yes, what you see in that chart relates to household debt and I want you to pay attention to how it affects national economies. Higher household debt like in the case of little India Kenya results in more consumption by households and individuals and a larger share of your economic output coming from consumption . At the same time it results in your country running a current account deficit with the rest of the world especially the western world and China. I tried to discuss this with rsvp and Kikuyu in the past but they thought we were enemies and couldn't learn anything from one another. They were ignorantly boasting about Kenya's trade deficit. The illiterates!
So,your imports increase with consumption making up a larger share of the imports. For example, a 20year old Nairobi boys gets a loan and immediately spends it on a second hand Nike shoes . Check Kenya's balance of trade and you will be dismayed unless you are one of the economic illiterates here. FYI, the world bank and IMF are already warning Kenya. Plus the fact that the whole thing is a big danger to your already puny banking sector. So you see why sensible people came up with that chart and why I have posted it. Honestly, I have not said all of this to shame Kenyan education but for the benefit of a few sensible Kenyans who might be students[/b].

obaaderemi:
You have zilch knowledge of economics, my boy. It's actually negative in the long and short run.

obaaderemi:
Kikuyu1, take my advice. This anger will only give you high blood pressure. I have listed what you need to achieve your lofty aim of being Africa's biggest economy by 2050 like you opined. Feel free to revisit my post. Your debt and level of corruption would always hold you back.

Kenyanstar:
Nigerians are busy tail loving Tanzanian pictures, have they now like accepted that Tanzania is better in comparison to even Nigeria.

jaycent:
Eko atlantic city, will be completed october next year.

Kazikazi:
You small boy! Just buying 5 factories ur shouting this much! What a shame.

Kazikazi:
what about Chai bora? Do u know that is a tanzanian company? Yet u posted as a kenyan.Tanzania has everything.this is our Tanzanian tea industry.