rvp20182: There are options of course - we have "clean buses" - but certainly nothing like dafnos - those are way too rickety and badly built. I guess Nigeria has no manufacturing or car assembly industry to talk about...so you end up with badly made shared taxis.
254tobby: The point is that we don't have those kind of old crap yellow danfos and Nigeria needs to improve her car assembly industry if that's the Kind of vehicles which looks like unroadworthy vehicles that they assembles.
You can't compare Nigeria's car manufacturing and assembly industry to Kenya.. lol
Lagos needs to plan its urban areas better. Like along the lagoon(as shown in the pic) there should be a minimum height to buildings. We shouldn't have a one or two story building in such a pristine location.
I would like to see more mid-rise buildings along this area.
Sleek desks, casual dress code, free lunch – it's what you'd expect to see in Silicon Valley. But you can also find them in Lagos, Nigeria, where money from U.S. investors is being used to train a new generation of software engineers. Africa is attracting more and more tech startups and in 2017 alone attracted more than half a billion dollars in startup funding.
Hannah Masila is a developer at Andela, one of the continent's top tech startups. She grew up in a rural village in Kenya, where options seemed limited.
"My mind was just revolving around farming and, well, kids were married off as early as 12," she told CBS News' Kylie Atwood. "So it was just like where life will take me I will just go. ... It is shocking like younger me would be like, 'Wow, how did you even do this?' ... I feel for the kids back in the village, like, 'You can do this.'"
Forced to leave her village when ethnic clashes broke out, Hannah went to high school nearby and decided to become an engineer. Until finding Andela online, she was set to become the problem solver at home.
"Fix my dad's TV when it crashes or just help out in the neighborhood. I didn't really think that big," Hannah said.
Seni Sulyman, the company's president of global operations, recruits talent across Africa. He returned to Lagos after 11 years in the United States, where he attended Harvard Business School and worked at big tech companies.
So why is he back?
"This is the future," Sulyman said. "I think ultimately we are creating an economy in the technology industry which is going to spark a massive revolution on the continent. And I am seeing it happen every day. So the impact we have and the impact I can have as an individual is just so tangible and so meaningful being here. And it's home, so like, who doesn't want to change home!"
In 2016 the company got a $24 million infusion, led by Facebook's Mark Zuckerberg, who followed up with a visit.
"When you have someone who is probably considered the most important person in tech physically standing in your office telling you about how he believes in you, it has a way of just validating everything you are doing," Sulyman said.
The coding done by Andela's developers helps American tech companies innovate from New York to Pittsburgh to San Francisco. With almost 1,000 coders so far, Andela is looking to expand.
"Our idea is that we started in 2014 and we said in 10 years we would have helped to empower 100,000 developers in Africa which takes us to 2024," he said.
In that same amount of time there is projected to be a shortage of almost one million developers in the U.S. domestically. So American companies are going to be looking. Competition for a job at Andela is fierce. Its acceptance rate of applicants is about .7 percent – less than one percent. For some perspective, Harvard's acceptance rate is higher.
Changing conceptions about what a coder looks like and where they come from is igniting enthusiasm and Hannah Masila wants her story to inspire younger African generations.
aribisala0: And that is where the asymmetry lies . We have no businesses , No business leaders on our side just opportunists lie that Alakija woman.
Here you have people leading companies over 100 years old .
That is what we need to fix Why can't NNPC match Shell or Mobil
Where is our TV company
our supermarket chain
our Film Studio company
Our Coca Cola
We need to learn what bsiness really is in a globalized world
Well we have Dangote sha and I hope his copany is still around in 100 years
Americans talk and talk we no see any investent
China is building roads and Mambilla and rail upandan
Sadly Nigerians who have money are investing in oil up and down. Instead of investing in manufacturing and such industries that would really develop Nigeria.
I mean why can't we have a world class construction company that builds railroad, power plants, bridges, dams... Nigeria sef
Manufacturing is the way to go for Nigeria.Nigeria should aim to become the Japan of Africa, the most industrialized country in Africa. How did China lift millions of people out of poverty?
Nigeria needs to set up economic zones all over Nigeria that have electricity and good infrastructure. By now, Nigeria should have been a major exporter of home appliances.
Agriculture does have a role to play, but ultimately manufacturing will provide the massive amount of jobs Nigeria needs.
sufferNsmiling: Please do not blame our government . That is what nigerians want and like we nigerians know who can build a country who can develop a country. But we will not vote for them all we nigerians like to vote for are criminals even nigerians in uk,america ,europe and abroad we will always vote for a criminal to lead nigerian community. So do not blame our government we are so illiterate that do not know right from left good from bad see a criminal we are happy to follow him we nigerians in europe we tell you dear white people did nothing for nigeria so is better we follow criminals. So that is a behaviour you cannot see in any country when nigerians will vote for somebody to develop them its only crime they want. The way you make your bed so you lie on it. We nigerians are known as criminal worshippers.
mtis: Calm down ..ya might have an heart attack.What am saying with all the oil ya got why cant you have something like your fellow oil producers ..like Dubai
You are very correct. It saddens my heart on how we had high oil revenue with little proof to show for it.
Hopefully Eko Atlantic achieves this. The developers want it to be the Dubai of Africa.
rvp20182: I guess we can't blame you. Poor education mean you can't even do the basic mathematics.
Let try Total Nigeria budget = Total federal budget + Internal Generated Revenue (excl federal allocation) in 36 states ( or You can also try federal budget+state budget - federal allocation).
Total federal budget = $29B Total state allocation (N9.5 trillion Naira - remove the federal allocation - otherwise you'll be double counting) - I think you get left with 8-9B dollars Total =29+8=$37B
Kenya = Total budget for 2018/2019 (30B with 3B being county allocation +1-2B which counties will generate) =$32B
It either basic maths is the problem or the valueless Naira is deluding you. The thing is worth 4 Kshs.
Mr. Onyekpere criticised the entire budget outlay, arguing that although the total N8.612 trillion “appears high in Naira terms,” it actually amounted to a “paltry $28.24 billion.”
Nigeria economy is supposed to be the biggest in Africa. But, we are the lowest, both in per capita budget figures and in absolute terms. Nigeria is in the middle among South Africa, Algeria, Egypt and Angola.
“This year, South Africa is budgeting about $116 billion, against Nigeria’s $23 billion, despite being the highest appropriation ever. Angola is doing $124 billion; Algeria $53 billion and Egypt $40 billion.
The question to ask - is WHY IS ANGOLA spending 124B dollars - while Nigeria who are top 10 petrol oil sellers in the world are doing 28B - What is WRONG WITH YOU GUYS. You mean all that oil is just siphoned off? You let shell steal the whole of it? I mean you guys don't even know the offshore oil where it goes
On a serious note, Nigeria's budget is wayyyyy too small especially for our large population. No wonder our infrastructure is dilapidated, our education system is in a bad state, our health sector failing... golly Nigeria needs to do something about it. Somalia and Nigeria have similar age expectancies! Just to think when Nigeria first started out we were ahead of China, now China has gone far to even almost superpower status. I weep for my dear country. Corruption and very bad leadership has ruined Nigeria. Chai!
We're still waiting for the right president to take us out this very sad position. I dare say, Nigeria needs some sort of revolution.
mtis: We need all the foreign investment we can get. So guys its ok to invest in Kenya. But just remember Kenya is a grave yard for many African wanna be companies. I think Dangote was smart to jump ship …
Dangote didn't necessarily jump ship because of competition. He only rescheduled the building of a factory in Kenya. i think around 2020 ish. Dangote faces competition in Nigeria and is a multinational with planned expansions in Asia. Dangote has no reson to fear competion in Kenya.
jason14: see guy believe whatever makes u feel better it doesn't change anything, we Nigerians know who we are and where we stand in Africa , we are not looking for relevance . Africa will progress when Nigeria progresses. just like d way d world wasn't progressing until america started progressing , and China to Asia
its destiny my friend, some countries are destined for greatness , even if it takes Nigeria 1000yrs to progress it will surely come and wen it comes it wud be massive and thats wen people will start respecting Africa . but for now forget it if Kenya like it shud turn to england, it won't still change anything in Africa , it wud just be a fine country nothing else , no impact , no influence nothing
just the truth
Jason has spoken
I hope I live to see Nigeria's greatness on the world stage. It's taking a long time though.. What Nigeria needs is a leader like Kagame of Rwanda or Lee Kuan Yew who have a vision for their country.
rvp20182: IMF will not lend to Nigeria unless you agree to bring your GDP to right level - by devauling naira, raising interest rate, improving your revenue.
So cook you GDP and for political reason - IMF will pretend not to see- but you aint getting any lending - even if oil prices drop to 10 dollars.
IMF BIG BOYS in Africa - in terms of who they can trust their billion dollars with.
See Kenya has 1.5B (over-draft facility), Egypt(12B), Morocco, Tunisia (more than 1B each) and Ghana got 900M dollars. Nigeria nothing. Got to weather the recession buddy - you can't repay a loan with little taxes you have.
Nigeria didn't ask for help from the IMF when the recession was upon us. Instead, we created the right policies and started investing to stimulate the economy. Today, Nigeria has successfully exited recession without the help of the IMF.
rvp20182: Here goes Dangote. Then GDP. We know the drill. Btw Dangote Cement - Nigeria biggest company - is valued at 14B - despite all investments in those countries - Kenya's SAFARICOM is now valued at 12B - and it not invested outside our borders.
Dangote is using 12 billion dollars to build a refinery in Lagos
NairobiWalker: You need to see a doctor. In financial recessions, big cities are most affected while villages barely notice it. What this means is the GDP of Lagos definitely receded more than the average national GDP and that $62 billion is definitely the best it could be. Only a Nigerian would think their economic heartbeat increased in GDP by over 50% while the rest of the country reduced by 31%, lol.
that website I gave u is very credible. It’s your choice to believe or not... lol someone was right.... even if we show facts, you’ll still disagree
rvp2018: Plans. Where you total revenues are so tiny. How will they materiliaze. Nigeria is using 1,800-4,000MW (when they max out) - so I don't think adding more MWs is the solution.She need to resolve the basic issues...pre-paid meters can solve cashflow issues plauging your power sector...and the turbines can turn again 24-7 and you'll be able to enjoy constant power like many African countries..including somalia which is at war.
But it's about PLANS and GDP and Dangote.
That’s why I said transmission. Low transmission capacity is why Nigeria can’t give out its full 12000 mw to users.Nigeria is working on improving its transmission... And have you heard of the private sector. In many projects, the Nigerian government doesn’t have to spend a dime, but they’ll encourage the private sector to invest
NairobiWalker: So you're using fake 2014 data to claim Lagos'GDP is bigger than Kenya's in 2018?
Even if I was to agree with your data - considering Nigeria's GDP has shrunk by 31% since 2014 hence if Lagos' GDP also shrinks by 31% that'll make it $62 billion which is still much smaller than Kenya's.
Lagos’ gdp grew during the recession. Recession barely affected Lagos’ growth. Lagos gdp is about $136 billion rn
Lagos state output in 2017 was $136bn, according to official estimates, more than a third of Nigeria’s gross domestic product. The city is the centre of most of the country’s manufacturing and home to a pan-African banking industry as well as a thriving music, fashion and film scene that reverberates around the continent. More recently, it has become a tech hub to rival Nairobi’s so-called Silicon Savannah.
The Lagos economy is significantly bigger than that of the whole of Kenya, east Africa’s most dynamic country, with a nominal per capita income of more than $5,000, more than double the Nigerian average.
rvp2018: I doubt the effectiveness of LRU - and then the plans - those are hilarous - Nigeria has 12,000mw of installed capacity - and it manages to only use 2,000MW - just tell me how adding more installed capacity will solve anything. Are you guys this dumb? The current installed capacity is enough to supply the entire nigeria with constant 24-7 electricity. At you level of poverty - your per capita power needs are low (mostly lighting a bulb & watching TV)- just like in Kenya - the average household - need maybe 0.5kwh per day - and 12,000mw can give you what 240,000,0000kwhs...more than enough to supply the entire nigeria.
The problem is not more generation...it's maintaining the existing ones..ensure they are running 24-7hrs - by making sure people are being smart-metered and they are paying for power...giving money to distributor to pay the producer...and slowly moving from 1,800MW per day to 12,000MW per day...otherwise the idle capacity you have is staggering.
But all of you are mostly idiots just shouting GDP, Dangote, and Big PLANS.
Kenya generates about 2,500Mw - and it uses 2,000MW with 500MW just idling there for any surges -- and it supplies 4-6M household with power - and you'll be suprised that only about 6,000 of it's customers - the big industries consume 80% of our power. Household consume nearly nothing....lighting 5 bulbs at night for 3-4 hours,charging their phones or laptops, at best a fridge and watching TV....the entire lagos can function with 1,000 MW.
The electricity project are EPPs,embedded power producers, and is only for Lagos state. Private investors will generate electricity and it will be transmittted to customers in Lagos state. The customers will be metered and Lagos has passed laws to curb vandalism and stealing of electricity. https://lagosstate.gov.ng/blog/2018/02/03/lagos-revs-up-economy-with-new-power-and-property-laws/
This is not part of the national grid that’s bogged down with inefficiency. Now if you’re talking about the national grid, they’re plans to increase its transmission capability to be able to transmit more electricity as well as to include more generation capacity. Nigeria will be able to transmit 10,000 mw of its electricity in 2020 and 28,000 mw by 2035 http://sweetcrudereports.com/2018/02/03/nigeria-increase-transmission-capacity-28000mw-2035/
Tuksgrad: Lol , like I said I expected you to point me to where I lied and I bet you can't cus . Lol , yes I'm sure you know nothing about us and you will soon Google and learn and in no time you visa hunters of Africa will revive the thread about " how to get a visa to Botswana " that is all the "hardwork "you shyt heads know , researching about where to run to next not building comfort for yourselves in your own land......when they don't see onyibo nothing is right they would rather live in a slum in a country with onyibo than building a sewage pipe at home that's too difficult , Buhari must do it himself or we will run lol. Lmfao @ too classy . Yeah , too classy yet you hate the ones that have gone beyond you lol , you have a demonic need to drag them down to your pigsty . You dirty , stinking people are the most arrogant good for nothing africans ever. Who comes to that cesspit filled with ritualists , kidnappers , sick people, herdsmen who butcher people ( and others without brains take uncensored pics and posts them online ) , yahoo yahoo plus boys, tribalists , lazy cowards ? etc ...no one except those who want to manipulate the population, get rich and bounce lmfao . The " alpha males of Africa " can't even patch potholes lol, oh ....but they can really talk loud though I guess it's because they are used to competing with generators ....why is that? Too stupid and too busy beating chest to build a bloody power plant for the masses even with all that oil moola lol. These" smartest and classy africans", are shytting under trees in 2018 , I'm talking 70% of them lmfao, how embarrassing for " alpha males" . We the "weak people" down south have toilets , quality roads , running water , 24 hrs of electricity and we would never degrade ourselves, did I say never? I said never would we look for a way to get a visa to their doomed nation but they grovel and lick our asses for ours lol , now that's how a mentally enslaved loud mouth acts . It's a new year , look at all the threads in the travel section , they want to escape what their fathers built " a kraal for a nation " .
Yeah, Nigeria is in a bad situation right now...Corruption has devasted Nigeria, and I believe oil made it worst. Billions of dollars are looted like it's nothing, and barely anyone blinks an eye. I hope things get better. Africa, the black world, and indeed the whole world cannot afford a failed Nigeria.
But there's a bit of hope... Lagos plans to add 1000mw by the end of this year. In 3-5 years, 3,000 mw will be added... Lagos state would never experience those frequent blackouts again.. 24/7 power for its citizens...
As the man said in the video, If Lagos gets it right, Nigeria will get it right.
Right now Lagos needs to improve its infrastructure and transport sytem to world-class standards, build massive housing and clear slums, and also massive urban renewal... And from the looks of it, Lagos might just be heading in the right direction
rvp2018: Yeah - 3 round abouts is big deal - and footbriges. Bus stops. E-GIS. CCTV. You guys need to visit functioning city. Nairobi is one such smart city...as you droll about 13,000 cctv cameras...Nairobi already implemented all that. We spend [b]150M usd [/b]to install not only CCTV cameras but intelligent cameras including facial recognition, number plate recognition & police commands centers in Nairobi & Mombasa..that is why we have reduced terror attack to nearly zero....despite bordering Somalia.
Unlike Lagos - which is a thug paradise - you can't try any such in Nairobi or Mombasa - because chance are - there is an intelligent camera watching you - with intelligent face recognition and if you have car - your plate recognition- and we have functioning 991!
Because their empire is falling and Africa is rising. they want to recolonize using homosexuals because they are known to be violent and corruptible. The Russian society kills homosexuals because they will not tolerate child rapists, and they will not tolerate the U.S secret societies propagating homosexuality to increase its worldwide mob against innocent world citizens. America operates like Nazi Germany and uses homosexual societies to oppress the heterosexual family and keep dictator rule real in secret. Many African Americans elites are in the secret societies that propagate homosexuality here in the U.S, in the U.K and in South Africa, especially they are in Ghana too. I pray the Ghana President and the President of Kenya stand strong and firm like the Presidents of Nigeria and Uganda in the face of Western Freemasonry's homosexual agenda to extend its empire.
Kenyan President Stands Strong Against Homophile Assault on Afrika
Gotta respect Kenya and the Kenyan president for that. I mean out all the issues surrounding Africa, they chose to talk about homosexuality. They did the same with the the new Zimbabwean leader, instead of them to talk about how Zimbabwe will tackle its agrcultural problem, its devasted economy, dilapidated infrastursure... they chose to talk about homosexuality..
I mean will Africa magically become developed if it allows homosexuality? Did America become developed because they accepted gay marriage? lol
Begining to think CNN has some type of propaganda...
NairobiWalker: Nigeria having a GDP if $573 billion alone is enough to tell you that your source is crap. (and what's wrong with you guys? One minute you say your GDP is $400B the next it jumps by $173B to $573B? lol)
Bro if u read, it was during 2014. That was before the recession before our gdp dropped... lol
NairobiWalker: Btw why don't you bring a reliable source that places Lagos GDP at over $88 billion? Sometimes people tell themselves a lie so frequently they start believing it themselves.
Lagos is a state.. Johannesburg is a city within the gauteng province which also has a bigger gdp than Kenya..
Lagos State governor, Akinwunmi Ambode, has described the state as the fastest growing mega city in the world, just as he revealed that its Gross Domestic Product GDP has hit $136 billion.
He also said the state accounts for over 90 per cent of Nigeria’s foreign trade flow, which invariably contributes 30 per cent to the country’s GDP and also accounts for 65 per cent of its manufacturing activity.
sufferNsmiling: rvp2018 .I get your point on agriculture. But whoever is saying we should diversify in agriculture is a lie and is lying to you.in cameroon today there are more than 280 nigeria commercial farmers and in ghana 153 nigeria commercial farmers in nigeria four states no commercial farm active or running. Most of the commercial farms have packed up and left the country. Whoever is telling you in nigeria to do agriculture is a lie all we have are peasant farmers.
What about cosharis rice farm? Olam? Or why are we almost sufficient in rice production? Or how Nigeria successful phased out sugar imports because we produced enough? How Nigeria has the largest sugar processing complex in the world? Didn’t u see our agricultural produce in shoprite? Guy u are such a depressed fellow. Yes Nigeria has problems but there are still positives. Nigeria has larger agricultural sector than those countries u mentioned.
Have u not been seeing the constant recent investments,both foreign and local(including Dangote), being made in agriculture in Nigeria.
68816419: IMF World Economic Outlook April 2018 Update
Some interesting stats:
* Egypt predicted to overtake SA in GDP/capita in 2020 and Algeria in 2023, making it the richest large country in Africa both overall and per capita * SA GDP/captita basically stagnant from 2010 - 2023 * Nigeria GDP/capita predicted to actually decrease from peak in 2014 ($5,754) to $5,172 in 2023, and Ghana will catch up to Nigeria * Tanzania to catch up to Kenya in GDP/capita * South Sudan, DRC, Central African Republic, and Burundi will all still have GDP/capita below $1000 in 2023. * Many African countries are still growing slower than their population growth rate and have decreasing or stagnant GDP/capita
Doubt these stats very much. I very much doubt that Ghana will catch up to Nigeria in gdp per capita in 5 years. These are just mere speculations based on current, recent conditions. These conditions are bound to change
rvp2017: The past - before there was the talk of climate change - there was times including recently when it was 15 dollars a barrel - Renewable clean energy is the future.Many developed countries are planning to ban petrol or diesel cars by 2030! It will be total annihilation; the same with coal.Nigeria have wasted all their petro-dollars - including building a new slum city in Abuja...and they are seemingly unable to function without oil.Factories or power station that ran on diesel are being de-commissioned. In the short-term China is building a huge reserve of Oil so they won't be coming to the market a lot. Your gov revenues are all from oil. You guys need to really wake up before it's too late. https://rawabetcenter.com/wp-content/uploads/2017/07/%D8%A7%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D8%B4%D8%B0%D9%89%D9%89%D9%89%D9%89%D9%89%D9%89.png
Don’t know what u mean by new slum city... the developers were the ones who built much of the Dubai downtown. They also built the Burj khalifa, the tallest building in the world in Dubai... Centenary city is based a little on Dubai and other world class cities in the world like Singapore... there’s going to be cable cars in the new city as well. It’s meant to be a tourist hotspot.
I am aware oil won’t be as relevant in the next 20-30 yrs. Nigeria has more than enough time to diversify. Right now the present government is looking towards agriculture to drive the diversification process. Hopefully this diversification process is sustained..