₦airaland Forum

if the match was fixed in abj or lagos, naija would win comfortably but since it was moved to bauchi by politics, it becomes unpredictable. this is placing selfish interest above national interest,

I tire oh, anyway, hopefully the boys will do good, i admit i am being a lil paranoid about bauchi, but like someone said the match should have been in Lagos or abuja, especially in abuja, where they are already comfortable and have a feel of the pitch, no wahala, i go dey watch online 2morrow, good luck to eagles, i predict a draw,

Ok, I don't mean to sound like a spoilsport but what is fantastic about these pictures? The fact that there's a canopy with a million chairs and a  24" screen for people to sit and watch? Or is it because of the street lights that don't serve its purpose? My candle shines more light than those things. Anyway like I said, let me not spoil your fun, but I'm not inpressed.  *walks away*

If u dont have anything positive to say, why not keep your mouth shut, naija ppl and negativity,, anyway i am watching all the matches online, and naija is doing a good job, except of course the debacle in enugu, oh well even here they postpone matches for snow, so no wahala

Purchasing Power Parity (PPP) is the sensible measure to use. It shows Nigeria sitting in disgrace among the poorest of World

this is simply an innacurate assertion, using so called purchasing power parity, we are still ranked somewhere around 40th in the world, and 2nd in africa, in terms of GDP,

I dont know why people come online and make falsee assertions as if we dont have access to computers to check facts for ourselves,

(Perhaps u mean GDP per capita, which i have explained in my previous post, with that which divides GDP by population, countries like india and china also show up as being poor due to large populations, )

Now about Nigerians leaving Nigeria, that is not what we are talking about, we are simply stating FACTS, in 3-5yrs, Nigeria will have a larger economy than South Africa,

we are not arguing migration patterns of adult sub-saharan african males, (if u want to though i can argue it out with u, )

The chinese are coming, here in the US, every day on CNBC, (business channel, talking about emerging markets), all they talk about in Africa, is NIgeria, most young Nigerians studying here are planning to go home, i know its hard, trust me i am Nigerian, but i tell u, having lived on both sides, there is nothing like being a young business owner in naija or enterprenuer,

If we r serious about economic growth dat is not all about data but actual translation in improved living conditions for the citizens

There is nothing wrong with economic growth, it eventually leads to transformation of societies, listen i live in america now but i did 23yrs in naija and 4yrs here now and trust me in 2 yrs or so i am packing my bags and coming home,
now why i mentioned america is that the free market system is what transmits economic development into better life for citizens, for example no amount of money spent by govt on NITEL could do anything for the citizens in terms of providing phone services,
but as soon as there was a free market incentive(to make money), and liberalisation of that part of the economy, then mobile phones is like pure water now for even the poor man, (i remember big belly politicians coming to my school in University of abuja, then to pick up girls while flashing mobile phones, back then, but that is a different matter lol, )

the point i am trying to make is that all u listed, GOVT cannot do anything but provide enabling free market atmosphere for ppl to come in, invest in POWER, SCHOOLS, HEALTH, INFRASTRUCTURE, hell even security to an extent,

the only thing we have to do is strengthen our political system like u said,

do u know how much it costs for one semester here in university in america?, not less than $10,000, same for health care(expensive), do u know how most infrastructure like roads, and schools are funded here?, its through something called the municipal bond market, counties all over the united states, (like local Govt, ), go to wall street and borrow money through the bond market, they then pledge or collateralize the funds by collecting taxes, (like property taxes),
these funds are usually for 5yrs, and when mature are normally rolled over,

my point is that the private sector is the one to provide most of what u describe, we just have to deepen our financial markets, to start introducing more bonds to finance short term projects with long term borrowings, thats how its done,
the FEDs should then concentrate on defense, law and order, and generally staying out of the way in ABUJA,

right now Nigeria has the largest telecomms market in Africa MTN a Nigerian company?
How about SA having diamond and gold? Are u saying that SA's economy would be stagnant?

Nigeria is a population of 150million ppl, just growing at only 5%/annum, coming from a low base is enuogh to outgrow south africa, besides all the reason given here about banking and power is also why we will be larger very soon, when u are coming from a lower base u tend to grow very fast because your population needs banking services, power, infrastructure and so on, just like china did to outgrow japan soon and usa next,

we are not comparing companies here, what has MTN being a Nigerian company have to do with anything?, General Motors operates in china, china will outgrow United states by yr2025, and china will have the largest car market in the world in 10yrs, what has that got to do with the main point,

PS, Nothing i am stating is a lie or controversial, these are all Goldman sachs, world bank, projections, u have google, use it and find information for yourself, and stop arguing like u are ignorant

will USA be stagnant?, how come china will outgrow them in 10yrs or so, again, Large population, coming from low base,

diamonds and gold are not the reason economies grow(dont getme wrong it can help), but most economies now are mostly services based, the united states has a 70%, consumption and service based economy, and just 30% manufacturing,

if Nigeria just continues to grow in population and her service economy continues to grow at 5-6% that is enough, when i say services i mean, banking, telecomms, tourism, airlines, trading, and also dont forget oil and gas(which is manufacturing)

Nigeria, but why are we playing in bauchi, whats up with that,

Again people that dont have sense compare GDP and GDP per capita,

GDP is the total dollar amount of goods and services produced in a country,

GDP per capita is total dollar amount divided by population,

dont confuse issues,

China will be the 2nd largest economy in the world by next year eclipsing Japan,

but if u take china GDP/per capita, that is its $4trillion GDP divided by 1 billion people then japan will still be considered richer,

note GDP does not measure how rich a country is percieved to be, just how large it is simple,

people that dont have any reason to comment on economic issues come on here and blab there mouth, go to IMF, World bank web sites the figures are there, there are very few countries like Nigeria in the world, large country, with large population,
all these countries are among the largest economies in the world, brazil, china, india, indonesia, vietnam, Nigeria, russia, mexico

South africa had no business being larger than Nigerian economy in the first place, if not for mismanagement,

right now Nigeria has the largest telecomms market in Africa,

Largest Oil exporter, largest population,

we will outgrow South Africa in size of economy in 3yrs or less, FACT!!

those that cant handle it, go jump in the lagos lagoon, we dont need u,

Nigeria’s GDP to Exceed South Africa’s in 2011, Exceed $1 Trillion by 2020, Says Renaissance Capital (RenCap); Nigeria’s Vision 2020 Realizable

Renaissance Capital PartnersRenaissance Capital (RenCap), a leading investment bank that focuses on the emerging markets of sub-Saharan Africa, Russia, Ukraine, and Kazakhstan, estimates that Nigeria’s GDP will be greater than South Africa’s in 2011 and rise in excess of $500 billion by 2014 and $1 trillion by 2020. Renaissance Capital (RenCap) also marked up Nigeria’s 2009 growth expectation to 6%.

Matthew Pearson, Head of EPG and Research, Renaissance Group Africa, said that Nigeria’s economy has regained some ground following the decisiveness of the Governor of the Central Bank of Nigeria (CBN), Lamido Sanusi, on the banking sector loan and credit crisis. Matthew Pearson expects to see the banking sector recover significantly by the fourth quarter of this year.

“We are positive on Nigeria’s growth potential and I believe it is capable of achieving the Vision 2020 goals,” says Steven Jennings, Group CEO, Renaissance Capital, during RenCap’s investor conference in Lagos, Nigeria on Tuesday.

During the conference, Remi Babalola, Nigeria’s Minister of State for Finance, also expressed his confidence on Nigeria achieving the Vision 2020 goals “if we do the right things”. He identified those right things as the prudent management of the economy, working with the financial sector and the CBN for the required growth, continued fast tracking of reforms, and a focus on key infrastructure provisions.

However, investors signaled caution and outlined what has to be done to keep the economy on track. Investors particularly focused on the banking sector, which has been the center of intense scrutiny from regulators and the general public in recent times. Another central theme from investors was the development of Nigeria’s infrastructure, particularly electricity and roads.

Ismail Ramon, who represented the World Bank’s Country Director for Nigeria, insisted that to make any progress, Nigeria’s industrial base must also begin to be developed. Manufacturing currently contributes just 3% to Nigeria’s GDP. Mr. Ramon suggested that the development of the industrial base could start from quick win sectors such as ICT, Services, and Tourism.

The Nigerian economy has attracted particular attention this year because of its stock market having shed over 50% of its value from its recent peak, the consequent banking sector loan crisis, and the credit squeeze that has followed.

Investors at the conference were unanimous on the need to have harmonized and consolidated supervision of the financial system, pointing out that shocks in the financial system have negative consequences for the entire economy.

See more news on Nigeria

Renaissance Capital (RenCap)

MOST NIGERIANS ARE IDIOTS ON NAIRALAND, I REPEAT IDIOTS!!

Nigerian economy will be the largest in Africa in 3-5yrs, (maybe before then), dont believe me?, check the link below,

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)

Nigeria currently has about the 40th largest economy in the world, (WORLD!!), for those of u idiots that cannot appreciate anything good about your country, now if u look at the link i provided u will see that all it will take for NIgeria to surpass South Africa is to grow at a mere 5% for the next 3yrs compounded and we are the largest,
For long term growth estimates check this out from IMF and Goldman sachs,  It shows estimates for 2008, 2025, and 2050,
stay there and be yabbing your country while others plot on how to come and make millions here, nonsense people


BRIC in future/ IMF and Goldman projections
Estimatives to 2050 largest nominal GDP.

The top three charts list the top 22 countries by nominal GDP for the years 2008, 2025 and 2050 respectively. The bottom two charts list these 22 countries by nominal GDP per capita (the rankings for these bottom two charts do not reflect the GDP per capita for all the world's countries). BRIC countries are highlighted and labeled in bold.


Gross Domestic Product (nominal) [2008][15] Rank ↓ Country ↓ GDP (in US$ millions) ↓
1 United States 14,264,600
2 Japan 4,923,761
3 China 4,401,614
4 Germany 3,667,513
5 France 2,865,737
6 United Kingdom 2,674,085
7 Italy 2,313,893
8 Russia 1,676,586
9 Spain 1,611,767
10 Brazil 1,572,839
11 Canada 1,510,957
12 India 1,209,686
13 Mexico 1,088,128
14 Australia 1,010,699
15 South Korea 947,010
16 Netherlands 868,940
17 Turkey 729,443
18 Poland 525,735
19 Indonesia 511,765
20 Belgium 506,392
21 Switzerland 492,595
22 Sweden 484,550

Gross Domestic Product (nominal) [2025][16] Rank ↓ Country ↓ GDP (in US$ millions) ↓
1 United States 20,087,000
2 China 18,437,000
3 Japan 5,570,000
4 India 4,316,000
5 Germany 3,631,000
6 Russia 3,341,000
7 United Kingdom 3,333,000
8 France 3,055,000
9 Brazil 2,831,000
10 Italy 2,326,000
11 Mexico 2,303,000
12 South Korea 1,861,000
13 Canada 1,856,000
14 Indonesia 1,033,000
15 Turkey 965,000
16 Iran 716,000
17 Vietnam 458,000
18 NIGERIA 445,000
19 Philippines 400,000
20 Pakistan 359,000
21 Egypt 318,000
22 Bangladesh 210,000

Gross Domestic Product (nominal) [2050][16] Rank ↓ Country ↓ GDP (in US$ millions) ↓
1 China 70,710,000
2 United States 38,514,000
3 India 37,668,000
4 Brazil 11,366,000
5 Mexico 9,340,000
6 Russia 8,580,000
7 Indonesia 7,010,000
8 Japan 6,677,000
9 United Kingdom 5,133,000
10 Germany 5,024,000
11 Nigeria 4,640,000
12 France 4,592,000
13 South Korea 4,083,000
14 Turkey 3,943,000
15 Vietnam 3,607,000
16 Canada 3,149,000
17 Philippines 3,010,000
18 Italy 2,950,000
19 Iran 2,663,000
20 Egypt 2,602,000
21 Pakistan 2,085,000
22 Bangladesh 1,466,000

ENUGU EBE-ANO, lol, for the guy complaining about rain, well here in the states they cancel matches for snow, so stop complaining, love your country, ewu