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Comparing Argentina & Nigeria's Economic Reforms In The Last 2 Years - Foreign Affairs - Nairaland

Nairaland Forum › Nairaland General › Politics › Foreign Affairs › Comparing Argentina & Nigeria's Economic Reforms In The Last 2 Years (16554 Views)

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Comparing Argentina & Nigeria's Economic Reforms In The Last 2 Years by Racoon(op): 11:06am On Apr 23, 2025
Argentina & Nigeria GDP Value in 2 years

2023 GDP

🇦🇷Argentina — $645.51 billion
🇳🇬Nigeria — $363.82 billion

2025 GDP projected
🇦🇷Argentina — $683.53 billion
🇳🇬Nigeria — $188.27 billion

#Statisense
(IMF WEO Apr 2025)
GDP in 2023 — $363.82 billion
GDP in 2025* — $188.27 billion

Decline: -48.3%
Economic reforms wipe almost 50% of the Nigerian economy in 2 years.

#Statisense
(IMF WEO Apr 2025)

Nigeria's GDP per Capita projected at $806.84 by the end of 2025. 10 years ago, Nigeria's GDP per Capita was $2,728.91.
#Statisense
@StatiSense

Re: Comparing Argentina & Nigeria's Economic Reforms In The Last 2 Years by Racoon(op): 11:12am On Apr 23, 2025
Argentina had worst problems than ours at the same inception. Argentina added about 38 billion dollars. In contrast, Nigeria lost almost 50% of its GDP under the same 2 years period.

Nigeria was once the country with the largest economy in Africa and one of the fastest growing economy in the world in 2014. Hence it a leadership problem. To think that some dunceheads took it to the abyss today is really a sorry thing for this nation.

Re: Comparing Argentina & Nigeria's Economic Reforms In The Last 2 Years by Racoon(op):
"Widen the tax net, reduce their purchasing power and slow down the economy...... "
When you hear the likes of Reno Omokri and the swathes of activated govt lying machine talking, then you wonder why the distortion of facts is the most ingrained trait of anyone in the APC?

Lying with reckless abandon! No honesty or integrity whatsoever! Suddenly they started chopping statistics so as to do damage control
Re: Comparing Argentina & Nigeria's Economic Reforms In The Last 2 Years by Wizardslayer: 11:26am On Apr 23, 2025
APC and tinubu promise to continue from where buhari stopped, and he's truly committed to the promises.

My problem with APC, why are they complaining of inheriting a bad government.
Re: Comparing Argentina & Nigeria's Economic Reforms In The Last 2 Years by Ezekiel2122(m): 11:27am On Apr 23, 2025
FP
Re: Comparing Argentina & Nigeria's Economic Reforms In The Last 2 Years by okeyfx(m): 11:28am On Apr 23, 2025
Bad government does not favor anyone, including the the tribalist and nepotist. angry angry angry angry angry
Re: Comparing Argentina & Nigeria's Economic Reforms In The Last 2 Years by dynicks(m): 11:28am On Apr 23, 2025
You expect men who rode into power by having displayed characters of incompetency, evil,thuggery and looting to take your economy to greater heights?..........Where that one dey happen ......

What Tinubu has for you is to do little touches here and there, settle his cronies and those elites that supported him and finally syphon the much he can before retirement....!!
Re: Comparing Argentina & Nigeria's Economic Reforms In The Last 2 Years by gigfx: 11:29am On Apr 23, 2025
For one IMF staff to say he wish he had like Nigeria president in his con3, don't you know na sarcasm the guy dey use.
Re: Comparing Argentina & Nigeria's Economic Reforms In The Last 2 Years by Motisuc8:
True
Re: Comparing Argentina & Nigeria's Economic Reforms In The Last 2 Years by Darkhq:
All indexes points to mismanagement of Nigeria's economy since the past 10 year.
This is an Argentina that went through a more complicated economic problems yet their government were able to manage theirs and the economy is growing but here you'll see people defending incompetency.
Our government has been irresponsible and when Nigerians talk they'll say "Nigerians have been programmed to hate their country" or "you're the enemy of Nigeria" whereas, without them knowing, they who are supporting irresponsible leaders blindly are the true enemies of Nigeria.
May God help us....one day, Nigeria will get it right but until then let's continue to hope.
Re: Comparing Argentina & Nigeria's Economic Reforms In The Last 2 Years by michoim(m): 11:29am On Apr 23, 2025
I thought they said Tinubu inherited a very bad government, then why the drastic decline in GDP from the so called bad government by 48% in just 2 years of Tinubu so called good government grin grin grin... Nigerians always deceiving themselves...
Re: Comparing Argentina & Nigeria's Economic Reforms In The Last 2 Years by YoungBTCxchange: 11:29am On Apr 23, 2025
Messi vs Victor
Re: Comparing Argentina & Nigeria's Economic Reforms In The Last 2 Years by Tenplet(m): 11:30am On Apr 23, 2025
Omo like seriously this is very bad for the giant of Africa.... This government is really bad without mincing words

They keep blaming the past administration without adding to the GDP the past administration left, instead it keeps decreasing and they keep looking for who to put the blame on .. it's really a pity that we had to applaude Buhari administration....**sigh**
Re: Comparing Argentina & Nigeria's Economic Reforms In The Last 2 Years by PonzlHater(f):
It's a pity. What do you expect from an empty vessel. Made lots of promises to the west.

Re: Comparing Argentina & Nigeria's Economic Reforms In The Last 2 Years by Usmanovic95(m): 11:31am On Apr 23, 2025
Compare Nigeria and Zambia jare. Argentina is too big lol. Zambia just had a new president. The man actually met a mess but he has been busy transforming the country.
Re: Comparing Argentina & Nigeria's Economic Reforms In The Last 2 Years by chijiokecosmos: 11:31am On Apr 23, 2025
Racoon:
@StatiSense
Tinubu has never had any blueprint on how to govern Nigeria. The worst Nigeria ever had.
Re: Comparing Argentina & Nigeria's Economic Reforms In The Last 2 Years by 1Alex: 11:33am On Apr 23, 2025
Here's a simple explanation:

In 2023, Nigeria's economy (measured by GDP) was worth about $364 billion. But by 2025, it's expected to drop to about $188 billion — that's almost half gone in just 2 years. This sharp fall is linked to major changes (called economic reforms) the government is making.

Also, if you divide the country's total wealth by the number of people (GDP per capita), it shows how much wealth the average person could have. In 2015, it was around $2,729. By the end of 2025, it’s expected to fall to just $807. That means, on average, Nigerians are getting poorer, not richer.

So in simple terms: Nigeria's economy is shrinking fast, and the average Nigerian is earning much less than they did 10 years ago.
Re: Comparing Argentina & Nigeria's Economic Reforms In The Last 2 Years by Basicend:
Racoon:
Argentina had worst problems than ours at the same inception. Argentina added about 38 billion dollars. In contrast, Nigeria lost almost 50% of its GDP under the same 2 years period.

Nigeria was once the country with the largest economy in Africa and one of the fastest growing economy in the world in 2014. Hence it a leadership problem. To think that some dunceheads took it to the abyss today is really a sorry thing for this nation.
A huge chunk of the economic fall came via gross borrowings and subsequent diversions of d funds to miscellaneous accounts, white-elephant projects and wrong priorities such as oil search efforts in the northern axis by the Buhari regime.

Naira was so much weakened due to accumulated loans and unwillingness to diversify and expand exports.

Tinubu carried the debris of the collapse. He (Tinubu) has been able to stabilize the Naira relatively.

However, he has not been able to tackle corruption, accessible and affordable utilities such as electricity, efficient telecoms, water etc which are the variables for powering the economy.

Tinubu tried to bring Nigeria to reality. Argentina currently owes IMF more than any other country in the world.
Re: Comparing Argentina & Nigeria's Economic Reforms In The Last 2 Years by SmartPolician: 11:33am On Apr 23, 2025
Agbado Economics grin
Re: Comparing Argentina & Nigeria's Economic Reforms In The Last 2 Years by Babalegba(m): 11:34am On Apr 23, 2025
Tinubu is the worst disaster Nigeria has ever encountered. The bad thing is that he wants a second term to inflict more pains on Nigerians and build roads for ghosts of Nigerians who died of hunger and suffering.
Re: Comparing Argentina & Nigeria's Economic Reforms In The Last 2 Years by gratiaeo(m): 11:34am On Apr 23, 2025
I thought one IMF staff said Tinubu reform is the best in the world? Nigeria is experiencing something worse than civil war under APC government
Re: Comparing Argentina & Nigeria's Economic Reforms In The Last 2 Years by CondemnBattery(f): 11:35am On Apr 23, 2025
emilokan is a disaster.

Man twitted about popes death, but never the death of innocents in nigeria, been massacred in nigeria by killer herdsmen
Re: Comparing Argentina & Nigeria's Economic Reforms In The Last 2 Years by Image123(m): 11:35am On Apr 23, 2025
Ah, Argentina is the real Kasongo here. What this data doesn't tell you is how much Argentina has spent and borrowed to defend/subsidize their currency against the dollar in the period. The fake life they expect us to live and be raising our shoulders in the name of GDP. No be only GDP, na PDAPC.

Re: Comparing Argentina & Nigeria's Economic Reforms In The Last 2 Years by easytig(m): 11:35am On Apr 23, 2025
Everyone is aware that our economy is in a comatose state, including foreign and indigenous investors,nobody will sink funds into a drowning economy.

Tinubu himself ran abroad for ordinary medical checkup,dat should tell you how bad the health sector alone is.
Re: Comparing Argentina & Nigeria's Economic Reforms In The Last 2 Years by osuofia2(m): 11:36am On Apr 23, 2025
God why? the Angel wey direct me come Nigeria, weld one o
Re: Comparing Argentina & Nigeria's Economic Reforms In The Last 2 Years by Wealthoptulent(m): 11:38am On Apr 23, 2025
get ur VISA na

Re: Comparing Argentina & Nigeria's Economic Reforms In The Last 2 Years by Nobody: 11:39am On Apr 23, 2025
It’s leadership 💯


Racoon:
Argentina had worst problems than ours at the same inception. Argentina added about 38 billion dollars. In contrast, Nigeria lost almost 50% of its GDP under the same 2 years period.

Nigeria was once the country with the largest economy in Africa and one of the fastest growing economy in the world in 2014. Hence it a leadership problem. To think that some dunceheads took it to the abyss today is really a sorry thing for this nation.
Re: Comparing Argentina & Nigeria's Economic Reforms In The Last 2 Years by tobstarizhia(m): 11:39am On Apr 23, 2025
The Yoruba Ronus destroyed Nigeria completely
Re: Comparing Argentina & Nigeria's Economic Reforms In The Last 2 Years by BlackfireX: 11:39am On Apr 23, 2025
Gbas gbos





When he told you town hall different, what were you expecting



grin
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