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Nigeria Not Among Top 15 Richest African Countries (picture) - Politics (8) - Nairaland

Nairaland ForumNairaland GeneralPoliticsNigeria Not Among Top 15 Richest African Countries (picture) (35960 Views)

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Re: Nigeria Not Among Top 15 Richest African Countries (picture) by VeeVeeMyLuv(f): 12:20pm On Nov 09, 2024
CommonSense1967:
Ode, mumu, the point of contention is why are they low. No one is disputing that they are low.
Your retar@ded friend is trying to blame Tinubu for something that is generational.
Dumb ass retar@ded idiot like yoy trying to change rhe narrative and point of contention.
Try another gimmick.
Pls shut up and get lost.
But why did it reach the highest in the history of Nigeria during GEJ PDP regime and began to rapidly decline immediately APC violently seize power through the ballot under the supervision of INEC since 2015 to this moment as we speak? What changed?
Re: Nigeria Not Among Top 15 Richest African Countries (picture) by CommonSense1967: 12:24pm On Nov 09, 2024
VeeVeeMyLuv:
But why did it reach the highest in the history of Nigeria during GEJ PDP regime and began to rapidly decline immediately APC violently seize power through INEC since 2015 to this moment as we speak? What changed?
Go and calculate Nigeria's percipita under JOnna, they will be about the same as right now.

You are mixing GDP with per capita, 2 different things.
Re: Nigeria Not Among Top 15 Richest African Countries (picture) by CaptainFM1: 12:39pm On Nov 09, 2024
Believeintruth:
It is better we tell ourselves the truth and stop lying to ourselves. Why are we not in the Top 5 if we are the giant of Africa.
We are giant of Africa in terms of population.
Re: Nigeria Not Among Top 15 Richest African Countries (picture) by Believeintruth: 12:57pm On Nov 09, 2024
EMIOMOADEOYE:
IGR is not an indicator of wealth but GDP is?


You try
But it is the truth bros. Show me a globally acclaimed economic literature that shows IGR as a measure of wealth.
Re: Nigeria Not Among Top 15 Richest African Countries (picture) by Believeintruth: 12:58pm On Nov 09, 2024
CommonSense1967:
Ode, mumu, the point of contention is why are they low. No one is disputing that they are low.
Your retar@ded friend is trying to blame Tinubu for something generational.
Dumb-ass retar@ded idiot like you trying to change the narrative and point of contention.
Make sure that you understand what people are arguing about before poking your dumbass nose inside next time.
Try another gimmick.
Pls shut up and get lost.
Oga can you see how hollow and disjointed your response is. It shows how much of a daft you are. You have nothing in your skulls to use to even disprove what i said.

Oga try and have sense abeg.
Re: Nigeria Not Among Top 15 Richest African Countries (picture) by Exceed15:
If you really dwell on GDP pet capital Nigeria should not even make first 50. An average Nigerian earn below 100k coupled with the current T_pain administration
Re: Nigeria Not Among Top 15 Richest African Countries (picture) by FireUpNow(m): 1:34pm On Nov 09, 2024
Giant of Africa for mouth. Bad leadership and corruption has destroyed Naija
Re: Nigeria Not Among Top 15 Richest African Countries (picture) by Love800(m): 2:04pm On Nov 09, 2024
So you saying that china does not have a good GDP per-capita?
CommonSense1967:
You can say that about China because they produce products that are sold worldwide. But their population is still used when calculating their percapita.
Nigerians don't produce much, so what do you expect.

To calculate per capita, you divide a value or figure by the population size. For example, to calculate per capita income, you divide a country's total income by its population.
Re: Nigeria Not Among Top 15 Richest African Countries (picture) by Donake: 2:08pm On Nov 09, 2024
More strong men,the less humans live. A case of the colonial era.
Re: Nigeria Not Among Top 15 Richest African Countries (picture) by CommonSense1967: 2:15pm On Nov 09, 2024
Love800:
So you saying that china does not have a good GDP per-capita?
China has good GDP because they produce a lot of things.
Nigeria on the other hand has a high population with lo production. Oil is the only thing coming out of Nigeria
Re: Nigeria Not Among Top 15 Richest African Countries (picture) by Zetty177x: 3:16pm On Nov 09, 2024
SonOfDSoil01:
🤣🤣🤣 dem don Dey deny there ancestors 🤣🤣🤣 if I were you too I will deny being ibo🤣🤣🤣

No one want to be associated with losers and failures 🤣🤣🤣
If start to call u Hausa or Uhrobo, e go pain u? It's a senseless curse.

I'm proudly Niger deltan...the ones surviving Nigeria.. South South. U de curse Igbo wen nor do u anything. Ozuor.

But u guys can never rule Nigeria. It's the last time. U nor see when Jonathan rule? A man from my region?

The only people who give u tension are the igbos, them fine pass una, clever pass,rich pass..get swag pass una...just watch how u respond again insulting igbos. I de wait oya insult igbos ..e nor concern me
Re: Nigeria Not Among Top 15 Richest African Countries (picture) by princemaths: 4:00pm On Nov 09, 2024
Putinofrussia:
True to per capita which deals with population.
There are a lot of countries richer than USA using GDP per capita but if it is real GDP,USA leads followed by China.
USA is rich but bot the richest country in the world. Those countries with greater GDP per capita are richer. Gdp is like income without considering profits. Gdp per capita is profits. So UK is richer than china despite having lower GDP. Mind you you must not be rich to enjoy a good standard of life. China being poor still have high of living.
Re: Nigeria Not Among Top 15 Richest African Countries (picture) by princemaths: 4:03pm On Nov 09, 2024
drstranged:
One drawback of the GDP is that it's dependent on a country's population. So the higher a country's population the likely lower the GDP per capita and vice versa. That's what plays out in Seychelles and other smaller countries over there in the list which have populations in only hundreds of thousands compared to Nigeria which has over 200million population
but the higher the population the higher the overall gdp. Population is correlated with Gdp. That's why gdp per capita is the best way of measuring wealth. It measures how much each person is entitled to either from earnings or govt benefits. And In Nigeria case it's too low. Less than $100 per month for each person. What a stinking poor country!
Re: Nigeria Not Among Top 15 Richest African Countries (picture) by princemaths: 4:08pm On Nov 09, 2024
CommonSense1967:
Go and calculate Nigeria's percipita under JOnna, they will be about the same as right now.

You are mixing GDP with per capita, 2 different things.
lies Nigeria gdp per capita was highest in 2014 at almost $4k now it's less than $1000. And now we're ranked below Ethiopia, Ghana, Angola.
Re: Nigeria Not Among Top 15 Richest African Countries (picture) by vivaciousvivi(f): 4:55pm On Nov 09, 2024
XerXers:
This is nominal GDP. If you covert it to GDP per Capita Imo will be second and Anambra will be third
GDP per capita will worsen the data for us due to our over population o.
Re: Nigeria Not Among Top 15 Richest African Countries (picture) by coputa(m): 6:14pm On Nov 09, 2024
shonepa:
Oga copy and paste, simple question is their GDP more than ours? Secondly how many be their population compared to Naija.

Cos na wetin GDP/C is a all about!
GDP is not about population,it's the monetary value of goods produced in a particular period, usually a year,your country ain't producing anything
Re: Nigeria Not Among Top 15 Richest African Countries (picture) by InvertedHammer: 8:29pm On Nov 09, 2024
princemaths:
this is not about kids . Most of you here are just too dull. Gdp measures productivity. It shows there is less money flowing in the economy. South Africa with 50million has doubles your overall GDP.
/
Go back to school and start from kindergarten.

/
Re: Nigeria Not Among Top 15 Richest African Countries (picture) by davidif: 9:38pm On Nov 09, 2024
Believeintruth:
Has Tinubu's academic qualification been verified. We keep talking about the coup while deliberately forgetting all the rubbish politicians did that precipitated the crisis that brought the coup.
Dude, I will take the lesser of two evils any day any time bro.
Re: Nigeria Not Among Top 15 Richest African Countries (picture) by Believeintruth: 10:17pm On Nov 09, 2024
davidif:
Dude, I will take the lesser of two evils any day any time bro.
And who is the lesser? If Tinubu is the lesser to you ,then you are morally bankrupt at best.
Re: Nigeria Not Among Top 15 Richest African Countries (picture) by Litmus:
Wow, so shitty looking Gabon is wealthier than South Africa and Egypt. This must mean South Africa is ramshackled. Why do Nigerians act like South Africa resembles Europe?
Re: Nigeria Not Among Top 15 Richest African Countries (picture) by davidif: 3:16am On Nov 10, 2024
Believeintruth:
And who is the lesser? If Tinubu is the lesser to you ,then you are morally bankrupt at best.
I will take Tinubu over Aguiyi-Ironsi and his ilk any day, any time.
Re: Nigeria Not Among Top 15 Richest African Countries (picture) by Believeintruth: 6:52am On Nov 10, 2024
davidif:
I will take Tinubu over Aguiyi-Ironsi and his ilk any day, any time.
What is Aguiyi Ironsi in this? Why are you being evasive is Peter Obi related to Ironsi? No. You barely only blinded by ethnic hatred. From the economic missteps of Tinubu it is clear he is the worst of the evils.
Re: Nigeria Not Among Top 15 Richest African Countries (picture) by Love800(m): 10:28am On Nov 10, 2024
That shows you that our government are lazy. There are alot of resources we can leverage on, which will bring profits for us.
You are trying to blame it on the population instead of blaming our useless government!
CommonSense1967:
China has good GDP because they produce a lot of things.
Nigeria on the other hand has a high population with lo production. Oil is the only thing coming out of Nigeria
Re: Nigeria Not Among Top 15 Richest African Countries (picture) by CommonSense1967: 12:56pm On Nov 10, 2024
Love800:
That shows you that our government are lazy. There are alot of resources we can leverage on, which will bring profits for us.
You are trying to blame it on the population instead of blaming our useless government!
"Your government "? Don't you know that your government is a representation of your population?
You talk about your government as if they are imported from another land.
Is your government not made up of people from your village, towns and cities in Nigeria?
I bet you know one or two people in the government.
Government is not just thr federal government, government is made up of local, state and federal government.
It's made up of police, clerks, civil servants judges, and so on.
So when you talk about your government, you are also talking about yourself.
Your government is a microcosm of what you are.

Have a good day.
Re: Nigeria Not Among Top 15 Richest African Countries (picture) by Love800(m): 1:10pm On Nov 10, 2024
You are right and at the same time, not right too.

I appreciate.
CommonSense1967:
"Your government "? Don't you know that your government is a representation of your population?
You talk about your government as if they are imported from another land.
Is your government not made up of people from your village, towns and cities in Nigeria?
I bet you know one or two people in the government.
Government is not just thr federal government, government is made up of local, state and federal government.
It's made up of police, clerks, civil servants judges, and so on.
So when you talk about your government, you are also talking about yourself.
Your government is a microcosm of what you are.

Have a good day.
Re: Nigeria Not Among Top 15 Richest African Countries (picture) by Kingbuhari(m): 12:53am On Nov 11, 2024
Earthquakes:
Nigeria is a zoo, exactly why both of you deserves to be there, in a country where people like you abuse the truth, the suffering is well deserved..
do you think everyone here live in the zoo
Re: Nigeria Not Among Top 15 Richest African Countries (picture) by davidif: 3:53am On Nov 11, 2024
Believeintruth:
What is Aguiyi Ironsi in this? Why are you being evasive is Peter Obi related to Ironsi? No. You barely only blinded by ethnic hatred. From the economic missteps of Tinubu it is clear he is the worst of the evils.
Aguiyi-Ironsi is the first military leader of the country and he is the one who fundamentally shaped the country in ways that altered the trajectory of the country.
I am not blaming him for the coup but I am blaming him for what happened after.
After the coup plotters had overthrown a democratically elected govt, he could have done the next best thing and immediately returned control of the govt (or what was left of it) back to parliament and followed the chain of command after arresting the coup plotters but he decided to take charge of the country and become head of state.
After he became the de facto leader he could have called for elections but he didn't. He decided to remain in office and fundamentally change the country by making it a unitary state instead of leaving it the way it was; a decentralized state where region's had a lot of power and where everyone was allowed to sort of develop at their own pace. The major reason why Nigeria has failed to develop.
What was even worse about that military intervention or military rule is the chain of events it set off like the counter coups and the country being dominated by military leaders for the next decades. The decisions this leaders made was considerably worse than what the current President is making. For example, like the decision to get rid of the missionaries and since those mission schools - some thing Nigeria's education has not recovered from till today or the crude indigenization of the economy that precipitated capital flight from the economy or one of the big issues of our economy today, subsidies.
Subsidies was started by the military govt. It was supposed to be temporary but they made it a main stay of the Nigerian economy even though it made no economic sense and it was wrecking our balance sheet to the point that we were spending more money on it than health on education.
Smart countries with natural resources leave the exploration and refining to the private sector. They can allow foreign companies to come extract the resources but they make sure those countries REFINE in their country so as to create jobs. But guess what the military regime did? they decided to keep feeding the child ice cream until the child became unhealthy and now that the child has grown up to become an unhealthy adult, they decided to stop feeding the adult anymore ice cream. Now imagine the tantrums the adult whose system is already too used to ice cream would start throwing? That's what is happening right now to the Nigerian economy. This is a country that has been blowing money on wrong economic policies like subsidies and artificially propping up its currency: a process that requires you to blow through your reserves. Another horrendous economic policy that was popular with the masses but was woefully short sighted and not sound economically. Now that we have a President who has the guts to do the right thing no matter how painful, I recognize that because that's what leadership is. Its about making the tough choices that others have refused to make even if you know it's going to cost you votes. Anyone can make decisions that are popular with the masses but it takes a REAL leader to make decisions that others are afraid to make but is right for the country but very unpopular thats what courage and toughness is. Afterall the popular choice is not always the best choice. So I give Tinubu the credit for focussing of the long run.
Re: Nigeria Not Among Top 15 Richest African Countries (picture) by BluntCrazeMan: 4:29am On Nov 11, 2024
XerXers:
No be by IGR or federal allocation or having richest people or skyscrapers or the so called "infrastructure". Rich countries or Rich State is measured by GDP per Capita
Is there any way we can get the GDP-PER-CAPITA of the 36-States and the FCT too.??
Re: Nigeria Not Among Top 15 Richest African Countries (picture) by electromide05(m): 6:05am On Nov 11, 2024
Believeintruth:
Bros cool down with the lie Ondo is not there. Anambra is there before Delta. Anambra's GDP is higher than Ogun, Ondo, Oyo, Osun and Ekiti.
Bros cool down with the lie, Anambra is NOT in first ten when we are talking about GDP per CAPITAL. Anambra state is around 13 or below. Before the Monday sit at home they are no way near the top 10 in Nigeria. Abia state is even ahead of Anambra state. Don't overrate that state please just check the available statistics. GDP PER CAPITAL INCOME OF STATES IN NIGERIA
Re: Nigeria Not Among Top 15 Richest African Countries (picture) by Believeintruth: 10:43am On Nov 11, 2024
electromide05:
Bros cool down with the lie, Anambra is NOT in first ten when we are talking about GDP per CAPITAL. Anambra state is around 13 or below. Before the Monday sit at home they are no way near the top 10 in Nigeria. Abia state is even ahead of Anambra state. Don't overrate that state please just check the available statistics. GDP PER CAPITAL INCOME OF STATES IN NIGERIA
Oga go and check and stop being stupid. The Latest GDP shows Anambra and Imo among the Top 10. Ondo is not even in the top 10, as Anambra's GDP is higher than Ondo, Ogun, Oyo, Osun and Ekiti. Fear God and stop lying here.

https://www.legit.ng/nigeria/1590877-lagos-rivers-lead-full-list-top-nigerian-states-largest-gdp-emerges/

Top States in Nigeria by GDP

1. Lagos: N41.17trn
2. Rivers: N7.96trn
3. Akwa Ibom: N7.77trn
4. Imo: N7.68trn
5. Delta: N6.19trn
6. Anambra: N5.14trn
7. Ondo: N5.10trn
8. Ogun: N5.03trn
9. Bayelsa: N4.63trn
10. Niger: N4.58trn
Re: Nigeria Not Among Top 15 Richest African Countries (picture) by electromide05(m): 7:54pm On Nov 11, 2024
Believeintruth:
Oga go and check and stop being stupid. The Latest GDP shows Anambra and Imo among the Top 10. Ondo is not even in the top 10, as Anambra's GDP is higher than Ondo, Ogun, Oyo, Osun and Ekiti. Fear God and stop lying here.

https://www.legit.ng/nigeria/1590877-lagos-rivers-lead-full-list-top-nigerian-states-largest-gdp-emerges/

Top States in Nigeria by GDP

1. Lagos: N41.17trn
2. Rivers: N7.96trn
3. Akwa Ibom: N7.77trn
4. Imo: N7.68trn
5. Delta: N6.19trn
6. Anambra: N5.14trn
7. Ondo: N5.10trn
8. Ogun: N5.03trn
9. Bayelsa: N4.63trn
10. Niger: N4.58trn
Ignorance is very bad. As in you would think you are making sense without knowing that the opposite is the case. Now let me explain something's to you. GDP of state is the total output of that state but if you want to know how wealthy the state is, you divide the GDP by the estimated population of that state. That is called GDP PER CAPITAL.

For instance, Case1: 10 people produce 50,000 naira; Case2: another 5 people produce 50,000 naira. Case2 is reacher than case1 because only 5 of them produce what 10 people produce in case1.

If you look at GDP in Nigeria, it is in first 5 in Africa but we are one of the poorest because the money cannot cater for the available population.

There are many statistics online. Check GDP PER CAPITAL INCOME OF STATES IN NIGERIA. Anambra state is NOT in first 10. Make sure you check the column for GDP PER CAPITAL. It is
1. Lagos state
2. Bayelsa state
And so on......
Re: Nigeria Not Among Top 15 Richest African Countries (picture) by Believeintruth: 8:31pm On Nov 11, 2024
electromide05:
Ignorance is very bad. As in you would think you are making sense without knowing that the opposite is the case. Now let me explain something's to you. GDP of state is the total output of that state but if you want to know how wealthy the state is, you divide the GDP by the estimated population of that state. That is called GDP PER CAPITAL.

For instance, Case1: 10 people produce 50,000 naira; Case2: another 5 people produce 50,000 naira. Case2 is reacher than case1 because only 5 of them produce what 10 people produce in case1.

If you look at GDP in Nigeria, it is in first 5 in Africa but we are one of the poorest because the money cannot cater for the available population.

There are many statistics online. Check GDP PER CAPITAL INCOME OF STATES IN NIGERIA. Anambra state is NOT in first 10. Make sure you check the column for GDP PER CAPITAL. It is
1. Lagos state
2. Bayelsa state
And so on......
Oga stop trying to console yourself. ANAMBRA GDP is higher than Ondo, Ogun, Oyo, Osun and Ekiti. If it is too much open you tube and watch 1000ways to die. GDP is an indicator of productivity and the effectiveness of wealth distribution.
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