₦airaland Forum

jl115:
another one that doesn't understand the difference between nominal and PPP

What you stated(bolded) is the problem when using nominal amounts to calculate GDP or poverty..thus economist use ppp since it takes into account differences in prices of goods and services as well as purchasing power of that specific currency.

keep confusing urself thinking u're convincing me.

Little did this laaitjie knew that nominal GDP has nothing to do with difference in cost of living in different countries but PPP does.

No one uses nominal GDP to calculate any major economic indexes, neither did I asked u to use it.

GeneralDae:
What did you see in Nigeria and where did you visit?

for someone that went to Mali and Nigeria, I expect him to visit the insurgency part of the north. Thats the closest region with Mali.

jl115:
@shma @rvp2018

South Africa's GDP nominal is officially $419 million as per the IMF

Can't be.

That is waaaaaay too small.

Shma:
Can't be.

That is waaaaaay too small.

I would suspect he means 419 Billion dollars.

JamaicanRum:
Tanzania is a really nice country compared to some of the countries I visited in West Africa. I'm not saying they are terrible but what I saw especially in Nigeria and Mali was really not pleasing to the eye. It was only a short trip but those two nations are in a dire state and something needs to be done Asap.

I'm half Moroccan half Mexican by the way but I spent a significant part of my life in Frankfurt Germany. I've been observing from a far but I'll be chipping in once in a while to give my honest unbiased opinion.

Arabic Berber/Askia harem

AfriqueDuZuid:
Lol they are stalkers,

Never have I heard that sending an email as weird, I mean I didn't embaras him on a public platform. I talked to him in his private space! What is this person hurt about?

You are too soft-hearted.
You give this fools power over you. Why would you even try explaining yourself to him. You owe him no explanation. You did what you did and he better learns to start living with it and stop wailing on your mention.

GeneralDae:
I would suspect he means 419 Billion dollars.

Okay.

GeneralDae:
If the naira gets devalued from 417 naira to a dollar, South Africa would definitely go higher.

Bruv, .,,,I literally don't understand what you're saying.
Or what you're saying is simply; that when you remove ksh30trillion from Kenya's GDP, then Ethiopia will be ahead ---- like so shallow and straightforward argument.

Anyway, it's on a light note.

Shma:
Bruv, .,,,I literally don't understand what you're saying.
Or what you're saying is simply; that when you remove ksh30trillion from Kenya's GDP, then Ethiopia will be ahead ---- like so shallow and straightforward argument.

Anyway, it's on a light note.

GDP in Nigeria in nominal terms for 2021 hovers around 175 trillion naira, converted to dollars (as at the end of 2021) you get around 430 Billion dollars. That's how I understand it.

samorobo:
You are too soft-hearted.
You give this fools power over you. Why would you even try explaining yourself to him. You owe him no explanation. You did what you did and he better learns to start living with it and stop wailing on your mention.

They have no power if they think, they under illusion. Just like on many things

JamaicanRum:
Tanzania is a really nice country compared to some of the countries I visited in West Africa. I'm not saying they are terrible but what I saw especially in Nigeria and Mali was really not pleasing to the eye. It was only a short trip but those two nations are in a dire state and something needs to be done Asap.

I'm half Moroccan half Mexican by the way but I spent a significant part of my life in Frankfurt Germany. I've been observing from a far but I'll be chipping in once in a while to give my honest unbiased opinion.

What was it which didn't please your eyes?
And what are the big differences between Tanzania and those nations you visited?

jl115:
that's our national poverty line.... If we use the international poverty line of $1.90 a day then it's 17% which is 4th lowest in Africa..... Nigeria is @ 70% using the same baseline....

Which source is that

JamaicanRum:
Tanzania is a really nice country compared to some of the countries I visited in West Africa. I'm not saying they are terrible but what I saw especially in Nigeria and Mali was really not pleasing to the eye. It was only a short trip but those two nations are in a dire state and something needs to be done Asap.

I'm half Moroccan half Mexican by the way but I spent a significant part of my life in Frankfurt Germany. I've been observing from a far but I'll be chipping in once in a while to give my honest unbiased opinion.

Don't worry the whole of West Africa is like that. Next time just make sure you pass through Kenya, we have one of the best road networks in the continent so you can travel to all corners of the country. Something you won't see in Tanzania.

Saddamochieng00:
Don't worry the whole of West Africa is like that. Next time just make sure you pass through Kenya, we have one of the best road networks in the continent so you can travel to all corners of the country. Something you won't see in Tanzania.

You have one of the best road networks? really?

GeneralDae:
GDP in Nigeria in nominal terms for 2021 hovers around 175 trillion nairas, converted to dollars (as at the end of 2021) you get around 430 Billion dollars. That's how I understand it.

That's not the point.

Anyway... Your math is still wrong.

If we go with 415 naira to the dollar, using 175 trillion naira... Then your GDP will be more or less $ 421Billion.

And if it's supposedly 417 naira to the dollar, then your GDP will be at par with SA(the unproven $419B)... With Nigeria being slightly ahead.

GeneralDae:
You have one of the best road networks? really?

Yes, you can search it up

QuietMynd:
Which source is that

u dey mind that one?

Saddamochieng00:
Don't worry the whole of West Africa is like that. Next time just make sure you pass through Kenya, we have one of the best road networks in the continent so you can travel to all corners of the country. Something you won't see in Tanzania.

Son, dont try to compare a starving man with a well fed,food sufficient man

GeneralDae:
You have one of the best road networks? really?

By road quality Index, Yes.
By quantity... Not really.
But I will always choose quality over quantity.

theenchanter:
for someone that went to Mali and Nigeria, I expect him to visit the insurgency part of the north. Thats the closest region with Mali.

Who knows if he visited Niger Republic? Niger shares borders with Mali if I'm not mistaken.
Nigeria may not be touristic or instagramic like Tanzania but there are views and fun places to visit in Lagos, Abuja, Jos, Taraba, Bauchi, Uyo.

GeneralDae:
Who knows if he visited Niger Republic? Niger shares border with Mali if I'm not mistaken.

yeah, also true.

I'm still anticipating his story sha.

Saddamochieng00:
Yes, you can search it up

No need,we’ve seen it here.

theenchanter:
for someone that went to Mali and Nigeria, I expect him to visit the insurgency part of the north. Thats the closest region with Mali.

Exactly my thought.

Shma:
By road quality Index, Yes.
By quantity... Not really.
But I will always choose quality over quantity.

We have seen your quality here. Don’t push it please.

Tanzania
folks

theenchanter:
keep confusing urself thinking u're convincing me.

Little did this laaitjie knew that nominal GDP has nothing to do with difference in cost of living in different countries but PPP does.

No one uses nominal GDP to calculate any major economic indexes, neither did I asked u to use it.

Litterally what I said!!! And the opposite of what you have been saying!! You are so confused you even contradict your own posts

Shma:
Can't be.

That is waaaaaay too small.

billion my mistake

QuietMynd:
Which source is that

CIA