Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 - Politics (7) - Nairaland
Nairaland Forum › Nairaland General › Politics › Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 (14531 Views)
| Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by Blazetrailer: 4:36am On Feb 09, 2025 |
Lol....this eejjiiet is still posting gibberish here after being found out several times to lack the basic knowledge of Economics. The mumu that stated GDP-PPP and also said the best way to measure GDP is through local currency only, devoid of normalisation and international baselining....should be sitting at the back of his village square reading from superior thinkers and never have to dabble into this topic again. Go back to your paymasters and inform them you have been found out. Olodo!! casualobserver: |
| Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by Dshocker(m): 5:09am On Feb 09, 2025*. Modified: 9:35am On Feb 09, 2025 |
Hope this animal @helinues can see this |
| Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by SalamRushdie: 5:55am On Feb 09, 2025 |
Quelme:Mumu person |
| Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by SalamRushdie: 5:57am On Feb 09, 2025 |
SmartPolician:No international finance institute will fall for any fake rebase |
| Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by SalamRushdie: 5:58am On Feb 09, 2025 |
casualobserver:You are either a senseless person or you are diabolically wicked with zero honor in U |
| Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by OredoPikin2: 6:07am On Feb 09, 2025 |
casualobserver:🤣 Nawa The rebasing happening this year will use 2024 as the base year. Do u even understand the meanng of rebasing? I done tire for una. The 2019 rebasing happened and same 2019 was used as the based year 2014 rebasing happened and 2010 was choosen as the based year. The one Tinubu is doing this year will use 2024 as the base year. |
| Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by Quelme: 9:36am On Feb 09, 2025 |
SalamRushdie:thunderball fall on your head |
| Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by DeOTR: 9:56am On Feb 09, 2025 |
tctrills:That's why $800 in 2025 is more in naira value than $2700 in 2014. Do you now know the implications of floating our currency? |
| Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by Sheuns(m): 10:02am On Feb 09, 2025 |
casualobserver:My comparison is Obj with Buhari. If you cannot answer that, forget it. |
| Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by Image123(m): 10:23am On Feb 09, 2025 |
casualobserver: Politics really messed up their thinking. |
| Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by Blazetrailer: 6:31pm On Feb 09, 2025 |
Lol.....bros, this guy called casualobserver knows nothing, I repeat, NOTHING, about GDP calculations. You are right. GDPs are not calculated every year. There is usually a base year and the reforecasts on it every year. Besides, even when figures are provided by national sources, ICP(a world independent body)revalidates for exchange rate differences,PPP and bias/ error before anybody touches it. Be sure that all the plans to put in 419 numbers by the Nigerian government through rebaselining will be picked up easily and will be removed. OredoPikin2: |
| Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by Blazetrailer: 6:33pm On Feb 09, 2025 |
Spot on. They will pick it up easily.....through ICP SalamRushdie: |
| Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by Image123(m): 6:36pm On Feb 09, 2025 |
Ojuntana:A needless and headless digression if i may say. Patience Jonathan made a wrong political move out of desperation, seeing that the North didn't like her or her husband and she was been made jest of over Chibok and other blunders(especially grammar). You and your husband have been president for about 6years and you are complaining about born throway at the last minute when you know they are going to vote en masse against you. Such naivety. What did they do about education? Where was national orientation? Where was ministry of education? Don't you know basic economics and politics that poor and uneducated people breed in larger numbers? You did nothing about their poverty and education but allowed the vices to fester, and you're talking of some rubbish almajiri school. In what developed nation did you see such a model to employ? The North needs holistic educational solution, not special schools and special cut offs. I'm glad, you're taking up this argument of infrastructure all over again. But unfortunately for you, you're wide off the mark. Where's ECA today. APC have spent 10 years now. Where's the $8bn rails they've built or the $20bn mall they are building? They are even building $2bn rail to the desert from loans!!You're making a boast about saving billions of dollars, and i am asking why you did not invest those billions in foundational infrastructure. That is the point. All the twisting and turning about APC or ECA is meaningless. If you had enough vision to build infrastructure instead of saving in the bank like Obi and looting away in the name of subsidies, the next government would not have to borrow to build the critical and needed infrastructure that should have been built decades earlier. You had EXCESS, you named it excess, you had tens of billions of dollars saved. Why did you save it? Did you not see the world building? Were you blind to see the dearth of infrastructures? Where was the vision? The only vision was amassing private wealth, building private farms, libraries and universities for themselves. Where was the billions of dollars to build roads, give electricity to the nation, and other basic amenities? Nothing. You left the country sitting on a keg of gun powder that blew up in Buhari's face, and you expect me to face Buhari like i was born yesterday? What infrastructure did you build when naira was so close to dollar and we had enough to subsidise it? Let's even look at the modest infrastructure that APC have built since 2015, that is Lagos-Ibadan rail and some roads. Can you quantify how much they have helped to improve the economy?You need basic study of secondary school economics or business study. You would not be asking me such silly questions. Which of the countries that you mention lack basic infrastructure? Which one is struggling with electricity, or water, or roads, or data? Not to mention basic call network or internet, world class education, and health. You think they became secure and robust by subsidizing to ease cost of business? What ignorance is this? |
| Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by Ojuntana: 10:40am On Feb 10, 2025 |
Image123:Everyone can see the hypocrisy of you agbado clowns live on this thread. Everything is politics and political expediency to you. You started this by claiming PDP allowed Nigerians to breed like rat. After your attention is called to the fact that the then First lady called out the practice of breeding children without giving them adequate care, you delved into the political expediency of such a move close to election. This shows that you don't really care for the children in such horrible situation. You only want to use it as a reference for cheap politics. What is even more amusing about you is that you're asking for which developed nation employed almajiri school model. Oga, which developed nation has almajiri? Abi you're not thinking well before you type ni? Since your APC has taken over for 10 years now, why have they not curbed almajiri and implemented your holistic education solution? What is more funny is that it is this same almajiris that have been keeping your party in power since 2015. Yet you turn around to call them rats and accuse PDP of doing nothing to curb them. What has your party done to better the lot of your core electorate since 2015? Instead, you have subjected them to worse hunger and deprivation! You're making a boast about saving billions of dollars, and i am asking why you did not invest those billions in foundational infrastructure. That is the point. All the twisting and turning about APC or ECA is meaningless. If you had enough vision to build infrastructure instead of saving in the bank like Obi and looting away in the name of subsidies, the next government would not have to borrow to build the critical and needed infrastructure that should have been built decades earlier. You had EXCESS, you named it excess, you had tens of billions of dollars saved. Why did you save it? Did you not see the world building? Were you blind to see the dearth of infrastructures? Where was the vision? The only vision was amassing private wealth, building private farms, libraries and universities for themselves. Where was the billions of dollars to build roads, give electricity to the nation, and other basic amenities? Nothing. You left the country sitting on a keg of gun powder that blew up in Buhari's face, and you expect me to face Buhari like i was born yesterday? What infrastructure did you build when naira was so close to dollar and we had enough to subsidise it?You ned to know that there is absolutely nothing wrong with saving money. One of the major issues with Nigerian economy is the lack of planning and saving for the rainy days. What most of you agbadorian skunks do not know is that in 2008 during the global financial meltdown, Nigeria was not affected because of the savings you keep deriding. While other economies where in recession, Nigeria grew at 8% even with slump in oil price because of the bountiful savings in the ECA and our reserves. Again, APC have been having surplus from budget estimates since 2018. Where is their own savings? Instead they have taxed Nigerians more than any govt in history with nothing to show for it. All the infrastructure they built are from loans which are yet to be fully liquidated till now. Just last week, they introduced toll gates on our roads!! So what exactly is APC using all the money they are getting from taxing Nigerians and excess crude from since Nigeria has remained broke since they took office. Buhari met $2.1bn in ECA. He met NLNG dividend of $2.1bn as well. He increased VAT from 5% which PDP never increased all 16 years to 7.5%. Where is the massive infrastructure from all those revenue? OBJ built ten power plants without borrowing a dime. He even paid off debts instead of borrowing. APC borrowed like no tomorrow yet they can't build just a single power plant in ten years. The upgrade OBJ performed on our transmission infrastructure is what is still in use till today. He upgraded the switches and breakers from the 1970s model without borrowing a dime. Where is the upgrade to 21st century model from APC without borrowing. Nothing. Just looting and looting. An AGF looted over 100bn and is walking free today. You need basic study of secondary school economics or business study. You would not be asking me such silly questions. Which of the countries that you mention lack basic infrastructure? Which one is struggling with electricity, or water, or roads, or data? Not to mention basic call network or internet, world class education, and health. You think they became secure and robust by subsidizing to ease cost of business? What ignorance is this?You seem to be very low on education. China and Japan in the 50s, 60s and lacked infrastructure. They did not go about building infrastructure. Instead, they empowered their populace to become productive, invested in sovereign bonds all over the world (that's the savings you deride. Today China is USA's biggest creditor) and opened up their country for investments by having ease of business that's second to none. No one can doubt infrastructure plays a role in ease of doing business but the most critical infrastructure is power not roads. OBJ did well with power. APC has been failing and still fails were power is concerned. Only an ignoramus will think countries develop by building infrastructure when the populace are broke and can hardly feed. |
| Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by Ojuntana: 12:47pm On Feb 10, 2025 |
casualobserver:What amuses me about you daft agbadorians is the need to make stupid and senseless excuses for failures. Same excuses you wouldn't even look at when politicians you did not like were in office. Let me quickly debunk your claim of oil steadily rising throughout OBJ's tenure. Look at the pic below. From 2001-2003, oil price fluctuated. It did not just rise and keep rising as you falsely claimed. Oil opened 2001 at $24 and closed at $15. It started 2002 at $15 and closed at $25. It opened 2003 at 28 had a brief rise peaking at $31, then a steady decline to $25 and closed at $28. What am I pointing out to you? Oil price fluctuates. No government in Nigeria has ever had a steady rise without declines embedded in between. Claiming that as the reason for the good economic management of those years is a pathological lie that only conflicted individuals like yourself can sell and expect everyone to buy. Instead, between 2016 to 2019, oil price can even be said to experience a more steady rise than OBJ ever had. Most importantly, since 2023 that this present guy took office, oil price has been stable at over $70 yet he has presided over the worst economy Nigerian have ever experienced. One wonders why his economy is not better than that of Buhari and OBJ who had far lower oil prices to contend with at the beginning of their tenure. So to claim that "Buhari tried" because he was collecting loans and printing money to buoy his failed economy is as harebrained as anyone can be. Throughout the PDP years, VAT never left 5% they met it. APC has increased VAT to 7.5% and they are even planning further increases. Those are the people you worship as good managers. That's a daft way to reason dude. Rest! sheuns https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=f000000__3&f=m
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| Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by Image123(m): 4:06pm On Feb 10, 2025 |
Ojuntana:Use some reasoning please. PDP allowed Nigerians to breed uncontrollably for 16years. That's what poverty and underdevelopment does. Calling it out 16years later on the verge of election loss doesn't absolve you. What did you and your husband do about it for over 6 years? Or you think they have nothing to do? Every party and president that wins election in Nigeria does it with the cooperation of the numbers in the North and the South. That you are too naive to know that is not my fault or APC's. It doesn't remove the fact that our early years that should have been used for foundation building was wasted and looted away. You ned to know that there is absolutely nothing wrong with saving money. One of the major issues with Nigerian economy is the lack of planning and saving for the rainy days. What most of you agbadorian skunks do not know is that in 2008 during the global financial meltdown, Nigeria was not affected because of the savings you keep deriding. While other economies where in recession, Nigeria grew at 8% even with slump in oil price because of the bountiful savings in the ECA and our reserves. Again, APC have been having surplus from budget estimates since 2018. Where is their own savings? Instead they have taxed Nigerians more than any govt in history with nothing to show for it. All the infrastructure they built are from loans which are yet to be fully liquidated till now. Just last week, they introduced toll gates on our roads!! So what exactly is APC using all the money they are getting from taxing Nigerians and excess crude from since Nigeria has remained broke since they took office. Buhari met $2.1bn in ECA. He met NLNG dividend of $2.1bn as well. He increased VAT from 5% which PDP never increased all 16 years to 7.5%. Where is the massive infrastructure from all those revenue? OBJ built ten power plants without borrowing a dime. He even paid off debts instead of borrowing. APC borrowed like no tomorrow yet they can't build just a single power plant in ten years. The upgrade OBJ performed on our transmission infrastructure is what is still in use till today. He upgraded the switches and breakers from the 1970s model without borrowing a dime. Where is the upgrade to 21st century model from APC without borrowing. Nothing. Just looting and looting. An AGF looted over 100bn and is walking free today.There's absolutely nothing wrong with saving money but not at the detriment of vision. Would you have preferred your father to save money instead of educating you or taking care of your family and future? How do you boast of saving money when the world was building and investing? We needed and still need critical infrastructure, you refused to provide. Obasanjo collected $16 billion with the stated intention to increase the nation’s power supply to 10,000MW. Where is it? He was still in court last month over looted $6billion project. We're still in problem with one Sunrise company. It was expected to generate 3,050MW from a hydropower station situated at the Manbilla Plateau, Taraba State, where is it? What was power generation and transmission under him and what is it now?Do you have numbers and facts? Where was the liberational Power Act that should have been foundational but just done 2years ago? What did he do with the foundational PIB? What was access to electricity like under him? What was the population then and now? Where was the vision? https://data.worldbank.org/indicator/EG.ELC.ACCS.ZS?end=2022&locations=NG&start=1998&view=chart You seem to be very low on education. China and Japan in the 50s, 60s and lacked infrastructure. They did not go about building infrastructure. Instead, they empowered their populace to become productive, invested in sovereign bonds all over the world (that's the savings you deride. Today China is USA's biggest creditor) and opened up their country for investments by having ease of business that's second to none. No one can doubt infrastructure plays a role in ease of doing business but the most critical infrastructure is power not roads. OBJ did well with power. APC has been failing and still fails were power is concerned. Only an ignoramus will think countries develop by building infrastructure when the populace are broke and can hardly feed.i wanted to say you were lying blatantly but i clearly saw that you are absolutely ignorant but the internet can help you since your education failed you. Infrastructure is not limited to roads. Examples of infrastructure include transportation systems, communication networks, sewage, water, and school systems. Think of public and private physical structures such as roads, railways, bridges, airports, public transit systems, tunnels, water supply, sewers, electrical grids, and telecommunications, not just roads. Think of modern reforms like the PIB, electricity bill that was just signed in 2023 to allow private and state generate electricity, think of the ongoing tax reforms. These are what should have been laid down for the so called rainy days, not just money that GEJ blew away. What was the top electricity demand in the OBJ years and what is it today? https://www.statista.com/statistics/1306955/electricity-demand-in-nigeria/ Did your economics teacher or even geography teacher not teach you simple steps to becoming a developed country? What's this alarming ignorance you are parading? Where's our tertiary sector, where's secondary sector? We've not even managed primary or agrarian sectors well? Where are the roads, electricity and machinery to manage these basics that you are here lamenting about how government didn't empower you. Anyway, it's not your fault, it's the quality of education that OBJ afforded and availed for you. |
| Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by Ojuntana: 5:04pm On Feb 10, 2025 |
Image123:Hold on... Are you by any means implying that PDP should have sterilized the men and women of Nigeria so that they don't "breed uncontrollably"? I thought you were talking about making plans for the increasing population of Nigeria! What is even the population you keep crying about? 200m which is not even confirmed. I for one don't even believe our population is up to that. How can you be crying about population as if Nigeria is among the top three populated countries in the world. Just because you want to defend failure. So why have your presidents since 2015 not done whatever you have in mind about the population of Nigeria.? Every political party has a base. APC is a northern political party. It has never won the south even when it had a southern candidate. So APC has more responsibility towards the north where you have the explosive population. Using that as an excuse is very weak and thuoghtless. There's absolutely nothing wrong with saving money but not at the detriment of vision. Would you have preferred your father to save money instead of educating you or taking care of your family and future? How do you boast of saving money when the world was building and investing? We needed and still need critical infrastructure, you refused to provide. Obasanjo collected $16 billion with the stated intention to increase the nation’s power supply to 10,000MW. Where is it? He was still in court last month over looted $6billion project. We're still in problem with one Sunrise company. It was expected to generate 3,050MW from a hydropower station situated at the Manbilla Plateau, Taraba State, where is it? What was power generation and transmission under him and what is it now?Do you have numbers and facts? Where was the liberational Power Act that should have been foundational but just done 2years ago? What did he do with the foundational PIB? What was access to electricity like under him? What was the population then and now? Where was the vision?What vision are you talking about? The vision 2020 was a vision promulgated under PDP. What vision has been promulgated under APC. You have refused to answer if UAE had humongous debt that was six times their reserves when they were building infrastructure. PDP inceased minimum wage from 700 to 3500. How is that not taking care of your family and future? They brought telcos to Nigeria, expanded the manufacturing and services sector and vitalised small businesses. How is that not taking care of the future. You only revel in inanities. PDP built 6 power plants while in office with another four they started completed after they left office without borrowing a dime. PDP met our power at less than 2000MW. They doubled operating capacity to 400MW and installed capacity 12000MW. APC is yet to add a megawat to the grid. The transmission infrastructure in use today is the one modernised by PDP. APC has not even moved a needle. Their siemens deal keep being stalled. What is APC using all the money it gets for? All the roads and rails are being built from loans. Yet APC keep printing money. And you are still repeating the lie of $16bn cause that is all you have. LIES!! You can't measure performance on facts. When will APC start and complete one single power plant or transmission modernisation? The Mambilla project was corrupted. Why have APC not corrected it in 10 years? APC is a party of blames and incompetence. No workings!! i wanted to say you were lying blatantly but i clearly saw that you are absolutely ignorant but the internet can help you since your education failed you. Infrastructure is not limited to roads. Examples of infrastructure include transportation systems, communication networks, sewage, water, and school systems. Think of public and private physical structures such as roads, railways, bridges, airports, public transit systems, tunnels, water supply, sewers, electrical grids, and telecommunications, not just roads. Think of modern reforms like the PIB, electricity bill that was just signed in 2023 to allow private and state generate electricity, think of the ongoing tax reforms. These are what should have been laid down for the so called rainy days, not just money that GEJ blew away.What is modern about PIB or Electricity bill? Do you know how many bills PDP signed? The NHIS bill, Pension reforms Act, Electricity act 2013 that privatised the discos and electricity Act 2007 that privatised the Gencos? All what you listed above, which has APC excelled at? The little they built is through loans which we are still paying for till today. They have even started tolling roads. Meanwhile, small businesses are dying, purchasing power is low and cost of doing business is high. Yet they still want to tax the people to death. APC is a rehoboamic party of locusts!! Countries that developed did so by having a virile manufacturing and industrial base with small businesses serving as technology incubators. APC's policies have been killing small businesses. |
| Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by MIKOLOWISKA: 2:42am On Feb 14, 2025 |
Bobloco:When did Boko start? Under who did suicide bombing start Who was in charge when girls were kidnapped? You think everyone is stupid or forgetful? |
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