nairalanda1:


1. Algeria produces about 4 times more oil than we do so more money (actually around the same amount of crude, but for a population of 44.5 million people, compared to our 200 million and more).

2. South Africa has a diversified economy and as such has more money.

3. Egypt has a diversified economy and is a tourism monster. (Everyone must see the Pyramids and the Sphinx at least once. That's billions of kash in hard currency without doing anything)

abdeefggh:
We have a long way to go

nairalanda1:


Noted and corrected (check the post you quoted)



It's still godawful though. 200 million people or more sharing 65 billion dollars? We should be at trillions of dollars if we weren't such a one trick pony economy.



True, but diversification in this case means a diversified export PLUS tax income...like we should be exporting more of other things like raw materials, and seriously manufactured goods and services

okeysoninv:
your contradicting yourself . Algeria doesn't produce more oil than Nigeria. nigeria is largest producer of crude oil in Africa.

abdeefggh:


Reno omokri on x

okeysoninv:
your contradicting yourself . Algeria doesn't produce more oil than Nigeria. nigeria is largest producer of crude oil in Africa.

nairalanda1:


Noted and corrected (check the post you quoted)



It's still godawful though. 200 million people or more sharing 65 billion dollars? We should be at trillions of dollars if we weren't such a one trick pony economy.



True, but diversification in this case means a diversified export PLUS tax income...like we should be exporting more of other things like raw materials, and seriously manufactured goods and services

nairalanda1:


1. Algeria produces about 4 times more oil than we do so more money (actually around the same amount of crude, but for a population of 44.5 million people, compared to our 200 million and more).

2. South Africa has a diversified economy and as such has more money.

3. Egypt has a diversified economy and is a tourism monster. (Everyone must see the Pyramids and the Sphinx at least once. That's billions of kash in hard currency without doing anything)

Basic123:


You are the only intelligent person in this forum.Jusy that Algeria produces more than us.

But..among all those countries displayed,only Nigeria is a FEDERAL STATE,other are Unitary state with one single budget

VeeVeeMyLuv:

It is nothing but an unrepentant unserious country

casualobserver:


I agree 100% it is awful. South Africa spends more on education than our entire federal budget.

Export only affects forex and hence currency value it makes no real difference to revenues. Our gdp is larger than SA. The redesign they have a higher budget is because they collect more taxes. If we collected more taxes even without exporting we would have more revenue and higher budget.

abdeefggh:


🤡

DeepSight:


So diversify. But warning - with our level of corruption - even if we earn ten times what the USA earns, I assure you everything will still disappear.

tsdarkside:


olomo billionaires....

what are you still movin around for then....

stay in your region....

abdeefggh:


🤡

abdeefggh:


Reno omokri on x

2elliot:
Blind man, you are still waiting for someone to tell you that what is beating you is rain. Your grandchildren will still experience this wilderness called Nigeria.

nairalanda1:


Read my point one again, especially the bracketed bit.

tsdarkside:


stay in your region....!!

olodo....!!

okeysoninv:
like I said you have to remove one. Algeria is not our mate in crude oil production capacity.

richiemcgold:
I've been saying this for donkey years that Nigeria is not as rich and financially bouyant as many Nigerians think we are.

..in a nutshell, Nigeria is a poor country with massive potentials

bjtinz:


This really doesn't tell you much. How are those budgets funded?

For instance I can have a large, bloated budget
that is almost 100% funded by borrowing.

A better measure is the GDP which gives a clearer indication of a country's productive capacity.

tsdarkside:


go find out how much they earn in america....

you wan blame nigerian politicians if they wan immitate american politicians....??

they will even tell you they dont earn that much sef in nigeria....

Oga dey fear God 🙏

Please answer me o.

Somebody riding okada in Nigeria, got elected and within a year he mysteriously gained so much wealth that he began acquiring properties all over Nigeria and around the world.

Does the above scenario also happen in the US?

tsdarkside:


you wan ask for more tax from nigerians....??

good night with that....
you will only end up taxin only the poor finish....

abdeefggh:
We have a long way to go

Catapault:


SHUT UP. IT IS NOT TRUE.

If we had enough money coming in, you will see the effect.

Do you think there is no corruption in Saudi, UAE and co?

There is HEAVY corruption there, but the fact that they have a tiny population means that the govt can easily fix the country even with the corruption.

So having a lot of money coming in, will always negate the effects of corruption.

You notice corruption because we don’t have enough money coming in.

Babangidapikin:
And we are almost fainting here over the 33BN because we don't see the value like we wish .. this light issue has made more men impregnate their wives ... I am sure those other countries with low population and heavy budget have constant power.