₦airaland Forum

Kazikazi:
with the K shilling loosing value,they might end up the year with 105b

Mkenya2019:
First Dr Iweala as Minister of Finance was Soludo boss as CBN.
The minister set directions - CBN as independent as he can be - is junior to Minister of Finance.
He execute gov policy.
Nigeria banks were suffering from systemic risk due to debt overhang.
Just like now.
If Nigeria default - your banks will collapse like dominos.

Soludo is just a bitter lowlife proffesor in Nigeria.

HE CAN NEVER WASH Dr Iweala shoes.

Dr Iweala CV and achievements is TRULY IMPRESSIVE. Only a stupid Nigerian would dare question her credentials.

No wonder she has decided to become an American.

If she ever getting tired working for WTO - I would advice Ruto to run and pick her up as his advisor.

AfriqueDuZuid:
Angola is over 124b now

Kenya slipped to 8th place now

Mkenya2019:
Let move to Nigeria - the ultimate zoo

Kenya traveller describes the Zoo - No Electricity/Power, No Fuel, No Naira in the ATM, No roads, No security.
https://twitter.com/AlphaLandRover/status/1646079532716236800
The power problems here seem to be a norm. Pple are accustomed to this way of life. A generator here, generator there, Gen everywhere.

Power problems aside, I am still without money. Getting Nairas here is an extreme sport. See ATM Pic

Obaaderemi2:
You can walk to any ATM and withdraw cash. That was a temporary problem and it's fixed already.

But throughout all our ordeal we never owed federal government civil servants and we didn't have to go to Benin republic for dollars like one jungle in East Africa is doing.

rvp20182:
You're a joke.
This is being reported today.

gallivant:
So what?

rvp2018:
We are using latest imf data...slowpoke

rvp2018:
Then we had power blackout then that latest imf data

Kazikazi:
Just take a guy, Don't take a doctor,leave her I wanna make babies with a doctor

AfriqueDuZuid:
im using the latest from imf

Obaaderemi2:
It's a lie. Though I can't say as much about your unpaid salaries.

rvp20182:
One week salary delay is nothing compared to your ZOO.

This kenyan is right now in the ZOO

https://twitter.com/AlphaLandRover
An extra 2hrs evading potholes and I get to Serti for overnight.

Here, I join friends Overlanding from The Natherland with an EV (100% electric) - This and more in the next thread, including special challenges w/Nigeria:
1. No cash (Nairas)
2. Fuel shortages
3. No electricity

rvp20182:
The IMF has just published their new GDP figures for 2023: World Economic Outlook Database

The Ivorian and Congolese economies move ahead of the Ghanaian economy! That's pretty significant. (I was expecting Côte d'Ivoire to pass Ghana, but I wasn't expecting the DRC to pass Ghana so soon)

GDP in 2023 (in billion of US dollars at current exchange rates):
Nigeria: 506.6
South Africa: 399.0
Egypt: 387.1
Algeria: 206.0
Ethiopia: 156.1
Morocco: 138.8
Kenya: 118.1
Angola: 117.9
Tanzania: 85.4
Côte d'Ivoire: 77.0
Democratic Republic of the Congo: 69.5
Ghana: 66.6
Tunisia: 49.8
Uganda: 49.8
Cameroon: 48.6

In terms of GDP per capita, Côte d'Ivoire also moves ahead of Ghana, and is now very close to Angola's level (this before they even start to exploit the Ivorian offshore oil discovered recently). The gap between Côte d'Ivoire and Cameroon is now very large (in the beginning the 2010s, they had almost the same GDP per capita). Morocco also seems to have been upgraded significantly in these new IMF figures (perhaps they've rebased their national accounts?).

GDP per capita in 2023 (in PPP US dollars):
Egypt: 16,979
South Africa: 16,091
Algeria: 13,507
Tunisia: 13,270
Morocco: 10,460
Angola: 7,222
Côte d'Ivoire: 7,011
Ghana: 6,974
Kenya : 6,569
Nigeria: 6,178
Cameroon: 4,665
Ethiopia: 3,724
Tanzania: 3,600
Uganda: 3,224
Democratic Republic of the Congo: 1,474

For comparison, the oft-spoken Rwanda: 3,090.

Observed growth in 2022:
Côte d'Ivoire: +6.7%
Democratic Republic of the Congo: +6.6%
Egypt: +6.6%
Ethiopia: +6.4%
Kenya: +5.4%
Uganda: +4.9%
Tanzania: +4.7%
Cameroon: +3.4%
Nigeria: +3.3%
Ghana: +3.2%
Algeria: +2.9%
Angola: +2.8%
Tunisia: +2.5%
South Africa: +2.0%
Morocco: +1.1%

Growth forecast for 2023:
Democratic Republic of the Congo: +6.3%
Côte d'Ivoire: +6.2%
Ethiopia: 6.1%
Uganda: +5.7%
Kenya: +5.3%
Tanzania: +5.2%
Cameroon: +4.3%
Egypt: +3.7%
Angola: +3.5%
Nigeria: +3.2%
Morocco: +3.9%
Algeria: +2.6%
Ghana: +1.6%
Tunisia: +1.3%
South Africa: +0.1%

AfriqueDuZuid:
Nonsense

GeneralDae:
This your man seem to be in Benue state. What's he doing there? I'm curious.

rvp2018:
He decided to drive around Africa - kenya - TZ all the way to South Africa - then along southern cost to Angola - Congo - Eq Guiner- Cameroon- then Nigeria. I have no idea when he will stop or whether he will go back; It dare devil mission.

rvp20182:
One week salary delay is nothing compared to your ZOO.

This kenyan is right now in the ZOO

https://twitter.com/AlphaLandRover
An extra 2hrs evading potholes and I get to Serti for overnight.

Here, I join friends Overlanding from The Natherland with an EV (100% electric) - This and more in the next thread, including special challenges w/Nigeria:
1. No cash (Nairas)
2. Fuel shortages
3. No electricity

Obaaderemi2:
There's nothing like no cash or no fuel at the moment. Pure lies.

GeneralDae:
His guy is driving in rural Benue.

AfriqueDuZuid:
Nonsense

rvp2018:
Is it any different - I watched one guy drive through Ambazonia - it even more chaotic and dangerous with cameroon rebels.

rvp20182:
One week salary delay is nothing compared to your ZOO.

This kenyan is right now in the ZOO

https://twitter.com/AlphaLandRover
An extra 2hrs evading potholes and I get to Serti for overnight.

Here, I join friends Overlanding from The Natherland with an EV (100% electric) - This and more in the next thread, including special challenges w/Nigeria:
1. No cash (Nairas)
2. Fuel shortages
3. No electricity

popizaino:
More insight about Lagos for you.


https://www.youtube.com/watch?v=puOu1BRZ3ZQ

gallivant:
Why? 😂

rvp2018:
Did you just lose electricity in your little hovel in Soweto or why are you angry with IMF data