₦airaland Forum

Basiratalented:
This Corona virus will disrupt many things

frosbel2:
The guy needs a SL4P.

We like bragging about how large our economy is but the reality is that majority of Nigerians are not enjoying the benefits of the so called LARGE ECOMONY bull shit.

Only the simple minded can be deceived.

SenorFax:
And some ediots are still saying Nigeria is growing, wtf

I tire o. So many f001ish people on Nairaland tells the state of mindset of an average Nigerian youth. I dey shame for them. Even South Africa as a country in recession is better than Nigeria. Bitter truth. Them dey celebrate stone rice as if na achievement. We keep deceiving ourselves in this country that’s why all these leaders keeps on fooling us

Area4Area:
SA is in recession now, you can open another thread for any other topic of how SA is better than Nigeria.

Nigeria na im nor dey recession abi? When last did you go to the market to buy soup ingredients

Rossinnki:
Go back to your village if you have no food to eat, oga.

Farming is very lucrative these days.

Which kind sufferhead post be this?

Commentor:
Nigeria Now Tops South Africa as the Continent’s Biggest Economy
By Prinesha Naidoo

March 3, 2020, 10:16 AM EST
South Africa slumped to its second recession in two years

Nigeria, South Africa make up half of sub-Saharan Africa’s GDP

Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter

As if a recession wasn’t enough bad news for South Africa, it’s now confirmed as the continent’s second-largest economy.


The answer to the question of whether South Africa or Nigeria, the two countries that account for almost half of sub-Saharan Africa’s gross domestic product, is the biggest economy on the continent has long depended on which exchange rate you use for the West African nation. But now both the official naira rate of 306 per dollar and the weaker market exchange rate of around 360 that almost all investors use put Nigeria tops.

Number One
Nigeria’s economic growth beat forecasts in the fourth quarter, helping its economy to expand the most in four years in 2019 as oil output increased and the central bank took steps to boost credit growth. GDP in the West African country stood at $476 billion or $402 billion, depending on the rate used.

South Africa’s economy went the opposite direction.


It slumped into a second recession in consecutive years, contracting more than projected in the fourth quarter as power cuts weighed on output and business confidence. For the full year, expansion was 0.2%, the least since the global financial crisis, and even less than the central bank and government estimated. Based on a average rand-dollar exchange rate of 14.43 for the year, GDP was $352 billion.

Projections show Nigeria’s economy will continue to grow faster. While the International Monetary Fund cut its forecast for Nigeria’s 2020 growth to 2% from 2.5% last month due to lower oil prices, South Africa’s GDP is forecast to expand only 0.8%.

— With assistance by Paul Wallace

https://www.bloomberg.com/news/articles/2020-03-03/nigeria-now-tops-south-africa-as-the-continent-s-biggest-economy

South Africa as an economy in recession is far far better than Nigeria. You people should have some shame in this dead country. Our zero % in terms of security and 1000% in corruption is more than enough to put us at last position when comparing countries with standards in Africa.

See them! Quoting me and reigning insults on their generations.

A lot of you jobless morons here have not pass the borders of this country. A lot of you have never been to South Africa so y’all can’t understand a single thing when I tell you South Africa is a world class nation, far better than Nigeria. How many Nigerian companies do we have in South Africa? Do we have basic infrastructure? Stable electricity? good roads, educated police who respects citizens rights? Until we have all basic amenities that can define us a reputable country, we should hide ourselves in shame. Those of you quoting me, y’all think 30k monthly N-power alert na achievement abi? I dey shame for una.

theDEVILisHERE:
it's a cobra
but there are some black mambas in Nigeria

particularly rain forest areas Southwards
NatGeo is not always right

Spacko007:
Before coming online to show your ignorance please do some research, recycling of abandoned sims is a regulation by NCC, so channel your grievances to the right place. Secondly you claimed the keep my number service is not well publicized I disagree with that, you can walk into any of their offices and make enquiries or call their helpdesk. Stop this emotional blackmail.

Offpoint:
Aboki called, you told him "Wrong number"
He calls back like "Wrong number" means "Call me back" in Hausa.

That's my own headache

emkz:
Former Governor Ali Modu Sheriff's name was mentioned as a financier of the group once. He later became the PDP national Chairman. Goodluck Jonathan also mentioned Boko Haram members had infiltrated his government.

The clergy ought to mention the names of those involved. That Obasanjo was silent, Goodluck was handicapped and Buhari is clueless shows powerful people are backing the group. Do not be surprised that those who lost out in the power-play, post-Abacha ARE involved.

tsephanyah:
Sharrap Prof. Go and fix sex for grade and the corruption going on in ur department. National security matters are to complex for you. And who cares about ur opinions anyways, Unless the i-pots terrorist. And some mentally deranged adults. Meet many of them Militant in Malaysia University of East London (UEL). If Gej can grant amnesty to militant, and sponsor them to study abroad. Well lemme break it to u people, granting Boko Haram amnesty is better. In War Deception is the best strategy.

Neroiam:
Oboi.. Make una no vex o ..I be mathematician.

So,

---Estimated no of Nigerians = N200 million

---Money needed to
protect Nigerians = N944.9billion

Therefore,

Money needed to protect each citizen = N4724.5

IG of police.. We know that you wan to tiff money...
We will help you. No need to ask the government.

We Nigerians have agreed to pay the N4724.5 each.

But, if one person die from insecurity, you'll pay every Nigerian N4724.5

From my calculation.. If boko/herdsmen kill 1000, if you like hide the data, we go know... Person don hammer N4.724millon be that...

What do you say?

Kylekent59:
Black rat snake.

It is non venomous, mostly found in the west.

Who are those people calling it "mamba or cobra?"

Handsomebb:
Black mamba .......very deadly. thank God you save.

Perfecttouchade:
Are these people wishing Africa good sef? Iru kaatikaati wo leleyi gan. Na jejely we Dey for Nigeria, bokoharam and bad economy dey do us shegey so na beg we dey beg, make una carry una Corona go dash una white people o..let's fabricate your Aluminium windows for u.O*81*53*x66*x56*x59.weyrey ni awon oyinbo yi Sha , kini Africa ra ni igbaa yin gan..free visa entry una no give us, na dis yeye thing una wan share abi, abeg where is our Nigeria SARS police sef

tsephanyah:
I’m far from a medical professional but More people die from the regular flu, and it doesnt have this effect on the market. It's not like I'm not concerned, but the panic on this one is not necessary, in my opinion. I really do have a feeling if tariffs were dropped on china, the market would rise, and it would be realised the regular flyer has killed more people.

It’s almost as
Efodemic virus (the social media and TV didn’t have anything better to do than stir the pot to pump up viewer ratings.

pocohantas:
Why are Nigerians more reactive than proactive?

I always have my hand sanitizer, because of those customers that will want to shake someone with prick hand or hand they used to pick nose.

Once Nigeria is declared free, they go back to their old dirty ways.

chiiraq802:
Nigerians are the worst set of people on earth, instead of them to normalize the price or even reduce it self, so that everyone can afford it...Dem don cari the price high...
Like say no be person weh dey alive dey buy market...#useless Country