₦airaland Forum

Good indicator - how much are banks lending to private sector.
https://data.worldbank.org/indicator/FD.AST.PRVT.GD.ZS?locations=ZG&most_recent_value_desc=false

Domestic credit to private sector by banks (% of GDP) - Sub-Saharan Africa

Top Countries.

Country Most Recent Year Most Recent Value
Mauritius 2020 95.9
Cabo Verde 2020 72.6
South Africa 2020 69.3
Namibia 2020 59.9
Seychelles 2020 50.0
Botswana 2020 37.6
Kenya 2020 32.7


The bottom - countries with tiny private sector

Country Most Recent Year Most Recent Value
South Sudan 2015 2.2
Sierra Leone 2020 6.2
Zimbabwe 2020 6.9
Congo, Dem. Rep. 2020 7.2
Gambia, The 2019 7.6
Sudan 2020 7.9
Guinea 2020 8.8
Chad 2019 9.2
Ghana 2020 9.9
Malawi 2016 10.5
Angola 2020 10.9
Nigeria 2020 11.2

rvp20182:
Obaboon - you don't know Nigeria history. Ngozi saved you banks - after negotiating 30B dollars debt bail out for Nigeria - next she forced the banks to merge.

From 89 banks to 26 banks

https://www.proshareng.com/news/Capital-Market/26-banks-emerge-from-reforms/794

With the consolidation exercise in the sector coming to an effective end on December 31, 2005, the country now has 26 fairly large banks after the reforms begun on July 6, 2004. There were 89 until now.

The 26 banks to be announced today by the Central Bank of Nigeria are UBA, First Bank, Union Bank, Guaranty Trust Bank, Zenith Bank, Intercontinental Bank, Standard Chartered Bank, Oceanic Bank, Access Bank, Ecobank, ETB, and Sterling Bank.


Others are: NIB/Citibank, Fidelity Bank, FCMB Group, Wema Bank Group, IBTC Chartered, Stambic Bank, Afribank Group, Platinum-Habib, Diamond Bank, Unity Bank Group, and Spring Bank.


The rest are: Skye Bank Group, First Inland Bank, and Alliance Bank Group. The Alliance Bank Group consisting of Fortune Bank, Liberty Bank, Triumph, AFEX, Eagle, Metropolitan Bank, City Express Bank, and Gulf Bank. The banks held their court-ordered meeting in Lagos at the weekend

Rvp you’re back again with your deluded claims

Are you sure it was ngozi that forced the merger of Nigeria banks ...or are you reading the back page of history again??

What do I epect from a guy that claims 99% of Nigeria revenue is used to service debt . Madness

rvp20182:
Good indicator - how much are banks lending to private sector.
https://data.worldbank.org/indicator/FD.AST.PRVT.GD.ZS?locations=ZG&most_recent_value_desc=false

Domestic credit to private sector by banks (% of GDP) - Sub-Saharan Africa

Top Countries.

Country Most Recent Year Most Recent Value
Mauritius 2020 95.9
Cabo Verde 2020 72.6
South Africa 2020 69.3
Namibia 2020 59.9
Seychelles 2020 50.0
Botswana 2020 37.6
Kenya 2020 32.7


The bottom - countries with tiny private sector

Country Most Recent Year Most Recent Value
South Sudan 2015 2.2
Sierra Leone 2020 6.2
Zimbabwe 2020 6.9
Congo, Dem. Rep. 2020 7.2
Gambia, The 2019 7.6
Sudan 2020 7.9
Guinea 2020 8.8
Chad 2019 9.2
Ghana 2020 9.9
Malawi 2016 10.5
Angola 2020 10.9
Nigeria 2020 11.2

You’re actually trying to compare Nigeria private sector with that of Kenya .

Your madness knows no bound

Vlain:
Oh that stupid thika town.pls don’t even go there. It’s just a rural cow grazing town with poverty and broken down home(muds and the likes) like ruaka town rongai. A backwater for lack of a better words. I don’t want to sore our site on here if not I would have uprooted YouTube videos to show u what I mean

Why don't you go ahead and uproot the videos.?...haha

Ngozi served under Obasanjo as Min of finance in 2003-2006 and helped fix Nigeria gigantic mess - and earned world acclaim - Then Jonathan later re-appointed her to be Min of finance again.

But indeed as we speak all that Ngozi work is now wasted effort - Nigeria debt to servicing ratio is 100 percent - and country is essentially bankrupt.


https://nairametrics.com/2021/07/04/nigeria-records-debt-service-to-revenue-ratio-of-98-between-january-may-2021/

Fitch expect it to rise to 395 percent
https://www.vanguardngr.com/2021/03/nigeria-debt-to-revenue-ratio-to-rise-395-in-2022-fitch/

Poor Ngozi - she here in Geneva trying to fix WTO - but she may be needed back home.

Shaytun:
Rvp you’re back again with your deluded claims

Are you sure it was ngozi that forced the merger of Nigeria banks ...or are you reading the back page of history again??

What do I epect from a guy that claims 99% of Nigeria revenue is used to service debt . Madness

Fishing and kayaking in Lagos.

rvp20182:
Ngozi served under Obasanjo as Min of finance in 2003-2006 and helped fix Nigeria gigantic mess - and earned world acclaim - Then Jonathan later re-appointed her to be Min of finance again.

But indeed as we speak all that Ngozi work is now wasted effort - Nigeria debt to servicing ratio is 100 percent - and country is essentially bankrupt.

You seem to be well versed on matters economics.

Lasgidi SPOTS.

Apart from Dr Ngozi - who I have tremendous respect for - I am definitely better than most of Nigeria cow economists.
Nigeria marcoe-economics are very crazy.
Imagine debt servicing to revenue ratio of 400 percent next year.
It will have to resort to printing money - sending Naira in a zimbwabwe like spin!

Nigeria fulani herdsmen had better asked WTO to give Dr Ngozi a sabbatical leave to fix Nigeria - nobody else can - although even her at this point - she cant save NIgeria.

Okonjo-Iweala served twice as Nigeria's Finance Minister and also as Minister of Foreign Affairs.[25] She was the first woman to hold both positions. During her first term as Finance Minister in the administration of President Olusegun Obasanjo, she spearheaded negotiations with the Paris Club that led to the wiping out of US$30 billion of Nigeria's debt, including the outright cancellation of US$18 billion.[26] In 2003, she led efforts to improve Nigeria’s macroeconomic management including the implementation of an oil-price based fiscal rule. Revenues accruing above a reference benchmark oil price were saved in a special account, the "Excess Crude Account," which helped to reduce macroeconomic volatility.[27]

NTSA:
You seem to be well versed on matters economics.

68816419:
Abuja light rail is made of both the blue and that one

What is the obsession with abuja light rail?..the whole system is less than 45km with 3 operational stations.I bet the old Mombasa Mgr is longer than that.

Not only that. It the most ridicolous wastage of money. It cost nearly 1 billion dollars. It carries 400 passenger per day. The guys going to get into plane . It beyond the pale. Nigeria is just full of cattle....led by a school dropout without even primary education.

Compare that to Ethiopia Adis - carries more than 200,000 passengers daily

Meanwhile Lagos that badly need such a rail system - has world worst commute - people sleep in their car for a week and go home in weekend - those that commute have ot leave by 3am/4am - and arrive home past 10pm!!!!!! -

NTSA:
What is the obsession with abuja light rail?..the whole system is less than 45km with 3 operational stations.I bet the old Mombasa Mgr is longer than that.

rvp20182:
Not only that. It the most ridicolous wastage of money. It cost nearly 1 billion dollars. It carries 400 passenger per day. The guys going to get into plane . It beyond the pale. Nigeria is just full of cattle....led by a school dropout without even primary education.

Compare that to Ethiopia Adis - carries more than 200,000 passengers daily

Meanwhile Lagos that badly need such a rail system - has world worst commute - people sleep in their car for a week - those that commute have ot leave by 3pm/4pm - and arrive home past 10!!!!!! -

Yes because it is only the first phase and it doesn't even go through any of the major population corridors once it is connected to them usage will indefinitely increase for now it is lying wallow.

As for Lagos we've shown that two lines are already under construction and both will be completed by 2022-2023 the red line being the most important one going through mainland where most people live and ending in Lagos Island where most commuters travel to, so it essentially solves 90% of Lagos's traffic and congestion problem it is projected to handle 2 million plus passengers daily at opening and 5 million afterwards.

rvp20182:
Not only that. It the most ridicolous wastage of money. It cost nearly 1 billion dollars. It carries 400 passenger per day. The guys going to get into plane . It beyond the pale. Nigeria is just full of cattle....led by a school dropout without even primary education.

Compare that to Ethiopia Adis - carries more than 200,000 passengers daily

Meanwhile Lagos that badly need such a rail system - has world worst commute - people sleep in their car for a week - those that commute have ot leave by 3pm/4pm - and arrive home past 10!!!!!! -

Apparently it runs From some place called IDU to the Airport ,Earlier on, I thought it was a commuter rail running all around Abujas neighborhood untill I googled.

NTSA:
Apparently it runs From some place called IDU to the Airport ,Earlier on, I thought it was a commuter rail running all around Abujas neighborhood untill I googled.

Idu is the interstate travel hub, so from the airport you can go straight to kaduna and soon Lagos and Kano as well so not through any of the population corridors which is the reason for low patronage but the next phases have already begun construction and will be completed in earnest

So when do you expect your airport line to ever be populated. See the whole of Abuja is Potemkin village. Just because other cities have train from Airport to the city center - you started from it. And that is airport that is like 40kms from Abuja city center

Total waste of money.

As for Nigeria projects - none has been completed since 2016 when these thread started - and none likely to be completed - because you gov is BROKE. NO MONEY.

It will likely go the way 10B dollar rusted to the ground in the Ajeuokota steel mill.

Abohboy:
Yes because it is only the first phase and it doesn't even go through any of the major population corridors once it is connected to them usage will indefinitely increase for now it is lying wallow.

As for Lagos we've shown that two lines are already under construction and both will be completed by 2022-2023 the red line being the most important one going through mainland where most people live and ending in Lagos Island where most commuters travel to, so it essentially solves 90% of Lagos's traffic and congestion problem it is projected to handle 2 million plus passengers daily at opening and 5 million afterwards.

Kenya is corrupt but at least policy wonks are allowed to do their work - run projections, come up with designs, and all that - with fatcats coming to ask their 10 percent later. NIgeria is run like a cattle kraal.

Listen to this guy explain Kenya BRT

https://www.youtube.com/watch?v=fB_ISxC6miM

NTSA:
Apparently it runs From some place called IDU to the Airport ,Earlier on, I thought it was a commuter rail running all around Abujas neighborhood untill I googled.

Abohboy:
Idu is the interstate travel hub, so from the airport you can go straight to kaduna and soon Lagos and Kano as well so not through any of the population corridors which is the reason for low patronage but the next phases have already begun construction and will be completed in earnest

At least you tried to explain.

rvp20182:
So when do you expect your airport line to ever be populated. See the whole of Abuja is Potemkin village. Just because other cities have train from Airport to the city center - you started from it. And that is airport that is like 40kms from Abuja city center

Total waste of money.

As for Nigeria projects - none has been completed since 2016 when these thread started - and none likely to be completed - because you gov is BROKE. NO MONEY.

It will likely go the way 10B dollar rusted to the ground in the Ajeuokota steel mill.

The airport line will be populated when connected with residenrial areas use your eyes.


You say no project has been completed then what is the Lagos-Ibadan Railway doing and the itakpe-warri line doing as well both are currently being connected to Abuja as we speak.

And the Ajaokuta steel mill is currently being toured by Russian engineers the same ones who built it so they can give us an estimate for the price and the funny thing is it's already covered

Putin said he'd pay half of the price and we've gotten an 1 billion dollar loan from afdb for the steel mill so don't worry Nigeria will soon be high on the list of steel exporters in Africa

rvp20182:
Kenya is corrupt but at least policy wonks are allowed to do their work - run projections, come up with designs, and all that - with fatcats coming to ask their 10 percent later. NIgeria is run like a cattle kraal.

Listen to this guy explain Kenya BRT

https://www.youtube.com/watch?v=fB_ISxC6miM

you love to lie, Nigeria may be badly lead but a cattle kraal? let's stop with the hyperboles please

Future tense. Delusion. Nigeria is broke. It cannot finance any capital project. Even that Lagos-Ibandan will not go into operation - its taken forever for 120km.

Abohboy:
The airport line will be populated when connected with residenrial areas use your eyes.


You say no project has been completed then what is the Lagos-Ibadan Railway doing and the itakpe-warri line doing as well both are currently being connected to Abuja as we speak.

And the Ajaokuta steel mill is currently being toured by Russian engineers the same ones who built it so they can give us an estimate for the price and the funny thing is it's already covered

Putin said he'd pay half of the price and we've gotten an 1 billion dollar loan from afdb for the steel mill so don't worry Nigeria will soon be high on the list of steel exporters in Africa

Pigsty is better?

Abohboy:
you love to lie, Nigeria may be badly lead but a cattle kraal? let's stop with the hyperboles please

rvp20182:
Future tense. Delusion. Nigeria is broke. It cannot finance any capital project. Even that Lagos-Ibandan will not go into operation - its taken forever for 120km.

It's already in operation you idiot, go and search it people have been using the trains daily wait for COVID to pass over and we should be seeing millions using the line everyday

rvp20182:
Pigsty is better?

Pleasantly suprised. I see it carried 42,000 in a month - that is 1,000 passenger per day

Abohboy:
It's already in operation you idiot, go and search it people have been using the trains daily wait for COVID to pass over and we should be seeing millions using the line everyday

rvp20182:
Pleasantly suprised. I see it carried 42,000 in a month - that is 1,000 passenger per day

Seems your math is not mathing

maximum amount of days in a month is 31

so thats 1350 unless you chose to round to the nearest thousand?

It doesnt make any difference. Ethiopia one is carrying 200,000 per day.
1000 passengers can be carried by 10 buses - two trips per day - 50 passenger each a day
That is just wasted of money in many level - that train is burning lot of diesel for nothing.
Let write off the investment there -

Railway if it to carry passengers - should be playing around a million passenger per day - not 1,000.

Abohboy:
Seems your math is not mathing

maximum amount of days in a month is 31

so thats 1350 unless you chose to round to the nearest thousand?

rvp20182:
It doesnt make any difference. Ethiopia one is carrying 200,000 per day.
1000 passengers can be carried by 10 buses - two trips per day - 50 passenger each a day
That is just wasted of money in many level - that train is burning lot of diesel for nothing.
Let write off the investment there -

Railway if it to carry passengers - should be playing around a million passenger per day - not 1,000.

So Ethiopia is carrying 200 000 passengers per day in these COVID times when in most other countries nobody wants to use public transportation?

This line opened a few weeks ago and during a recent surge in COVID cases you expect millions to be using it daily? infact what is the need for millions to move between Lagos and Ibadan daily?

Maybe every week they would pull in 2 million passengers in normal times but these are COVID times I tell you.


The reason for such low frequency of train trips is because not all of the trains have been put into operation, we've chosen to build an assembly and manufacturing plant so we can make our own trains 20% were imported pre made and ready for usage and the rest of them are to be assembled within Nigeria to build up our local train manufacturing industry

( We actually think forward )

And it's actaully four trips per day not 2, there is no wastage of diesel as you say because a profit is still being made from the project

It's as if you don't put any overall tbought into any of your arguments and just look for random ways to discredit Nigeria for whatever reason

rvp20182:
Not only that. It the most ridicolous wastage of money. It cost nearly 1 billion dollars. It carries 400 passenger per day. The guys going to get into plane . It beyond the pale. Nigeria is just full of cattle....led by a school dropout without even primary education.

Compare that to Ethiopia Adis - carries more than 200,000 passengers daily

Meanwhile Lagos that badly need such a rail system - has world worst commute - people sleep in their car for a week and go home in weekend - those that commute have ot leave by 3am/4am - and arrive home past 10pm!!!!!!

how people still engage with u even after the glaring stupidity embedded in ur posts is a mystery.

Abohboy:
Yes because it is only the first phase and it doesn't even go through any of the major population corridors once it is connected to them usage will indefinitely increase for now it is lying wallow.

As for Lagos we've shown that two lines are already under construction and both will be completed by 2022-2023 the red line being the most important one going through mainland where most people live and ending in Lagos Island where most commuters travel to, so it essentially solves 90% of Lagos's traffic and congestion problem it is projected to handle 2 million plus passengers daily at opening and 5 million afterwards.

pls, u don't need to explain anything to this one, it's like punching a brick wall, na u hand go pain.

gallivant:
Does Burna boy or Naira Marley look intelligent to you? Emotions aside.

those guys studied in the UK if you don't know


Where are your musicians?
Naira Marley sings for the streets

Abohboy:
Idu is the interstate travel hub, so from the airport you can go straight to kaduna and soon Lagos and Kano as well so not through any of the population corridors which is the reason for low patronage but the next phases have already begun construction and will be completed in earnest

NTSA:
Apparently it runs From some place called IDU to the Airport ,Earlier on, I thought it was a commuter rail running all around Abujas neighborhood untill I googled.

yes, it's a commuter rail, and like every commuter rail across the world, the first phase connected the city center, together with interstate rail-line to the airport.

The phase 2 under construction will go deeper into the capital territory.