₦airaland Forum

Nigerian gross domestic product vs Egypt gross domestic product trend.

Source: Google
Has the economy stabilise?

Infact APC has taken Nigeria back to 1980 resistant point

How much is Egypt current debt? Remember the projects they are spending the borrowed money for is not even up to 45% completed

Currently, as long as Nigeria is doing what is worth doing, we don't really send anybody's GDP. Thanks

Elon must is Richer than each of them


Elon money

gr8ofnnetwork:
Currently, as long as Nigeria is doing what is worth doing, we don't really send anybody's GDP. Thanks

Well said. Truth is our GDP has often been overstated in dollar terms because the dollar rate was a discounted rate not the real market rate.

For instance in May 2015 the official rate was 167. The market rate was 197 so our gdp in dollars was actually $484B not $572B

This GDP and inflation is one of the stark evidences of the incompetence of this demonic APC.
How can you take a country from single digit inflation to over 30% in 10 years?!! Even Mugabe was not that bad
How can you more than half the GDP of a country in 10 years when you're not a band of locust?
Actually they are!!

004gist:
Nigerian gross domestic product vs Egypt gross domestic product trend.

Has the economy stabilise?

All courtesy of President Tinubu,no other Nigerian President dead or alive,has ever done all of these...

Egypt is in debt with IMF.
Nigeria doesn't owe IMF shishi.

Nigeria has best tech city in the world 2025.
Egypt doesn't come close.


Nigeria Technical institutions are free.They live in school free.They eat free food.They even collect #22,500 every month.
Egypt doesn't come close.


Old pensioners get free medical treatment in Nigeria.
Egypt where art thou?


Nigeria spent about $2.01bn on external debt servicing between January and April 2025, marking a 50 per cent increase compared to the $1.33bn recorded during the same period in 2024.22



While Egypt paid approximately $13.4 billion in foreign debt service. This included $1.86 billion in interest payments and $11.49 billion in principal repayments. Egypt is also the largest African debtor to the International Monetary Fund (IMF), with outstanding credit totaling approximately SDR 8.63 billion as of March 31, 2025. This represents nearly one-third of the continent's top 10 IMF debts, according to Intelpoint.


Go figure the way Egypt is crawling in debt.
South Africa is owing 5 times the debt of Nigeria.

Economy don stabilize or not

Putinofrussia:
Egypt is in debt with IMF.
Nigeria doesn't owe IMF shishi.

Nigeria has best tech city in the world 2025.
Egypt doesn't come close.


Nigeria Technical institutions are free.They live in school free.They eat free food.They even collect #22,500 every month.
Egypt doesn't come close.


Old pensioners get free medical treatment in Nigeria.
Egypt where art thou?


Nigeria spent about $2.01bn on external debt servicing between January and April 2025, marking a 50 per cent increase compared to the $1.33bn recorded during the same period in 2024.22



While Egypt paid approximately $13.4 billion in foreign debt service. This included $1.86 billion in interest payments and $11.49 billion in principal repayments. Egypt is also the largest African debtor to the International Monetary Fund (IMF), with outstanding credit totaling approximately SDR 8.63 billion as of March 31, 2025. This represents nearly one-third of the continent's top 10 IMF debts, according to Intelpoint.


Go figure the way Egypt is crawling in debt.
South Africa is owing 5 times the debt of Nigeria.

Economy don stabilize or not

eep down you know that only the truth will set nizoorians free

helinues:
How much is Egypt current debt? Remember the projects they are spending the borrowed money for is not even up to 45% completed

From after 2014 our gross domestic product has been falling. This tells u so much about the leadership of Buhari n tinubu

Is Nigerian GDP really less than $200bn?

Nigeria over a period of 8 months imports goods and services worth $40bn. Over 12 months, that would amount to $60bn. How can the country'a GDP be $180bn with imports of $60bn.

Even if we choose to use a ratio of 1:5 export to GDP ratio, we would have $300bn, and that 1:5 is a conservative figure.

It is the devaluation of the Naira that has brought about the slash in GDP size. Let's say the Nigerian economy had a GDP valued in Naira at 250 trillion Naira and the exchange rate was $1-N500, that would give us $500bn. Devalue the Naira to 1,500 and the figure drops to $166bn. You can now see the problem.

This is what is causing the distortion.

Nigeria is better.

Nigeria so inconsistent

Nigeria is better than Egypt in all ramifications, forget GDP..

I’ve seen Egyptians talk on TikTok so I know what I’m saying..

Kukutente23:
This GDP and inflation is one of the stark evidences of the incompetence of this demonic APC.
How can you take a country from single digit inflation to over 30% in 10 years?!! Even Mugabe was not that bad
How can you more than half the GDP of a country in 10 years when you're not a band of locust?
Actually they are!!

When again did you say Nigeria inflation rate was in single digit

Pls state with fact and data for 10 years that show inflation rate was in single digit .

I don't want story just show data to back your claim.

How do you people do this nonsense so brazenly?

You pick out a variable out of context and start stupid comparisons.

Nigeria dey shame me

helinues:
How much is Egypt current debt? Remember the projects they are spending the borrowed money for is not even up to 45% completed

Money SW president has looted for election via bloated figures in the yeye projects like coastal highway of fraud, The renovation of lagos airport and 3rd mainland bridge. The conference centre etc

grandstar:
Is Nigerian GDP really less than $200bn?

Nigeria over a period of 8 months imports goods and services worth $40bn. Over 12 months, that would amount to $60bn. How can the country'a GDP be $180bn with imports of $60bn.

Even if we choose to use a ratio of 1:5 export to GDP ratio, we would have $300bn, and that 1:5 is a conservative figure.

It is the devaluation of the Naira that has brought about the slash in GDP size. Let's say the Nigerian economy had a GDP valued in Naira at 250 trillion Naira and the exchange rate was $1-N500, that would give us $500bn. Devalue the Naira to 1,500 and the figure drops to $166bn. You can now see the problem.

This is what is causing the distortion.

We import a lot but produces nothing. A lot of companies has folded and productivity decline. Farmers can't farm successfully in the north n south and remember agriculture is a largest employer of labor.
.

What time did Nigeria devalued the currency? Because before then GDP has been going down.

Its unfortunate that apc came and half the GDP

erad:
How do you people do this nonsense so brazenly?

You pick out a variable out of context and start stupid comparisons.

Egypt is doing well in all rounds.

From 2015 to 2023 Egypt added over 26kmw of electricity to their grid

https://countryeconomy.com/energy-and-environment/electricity-generation/egypt
While Nigeria just a little thousand

PulaPower:
Nigeria is better than Egypt in all ramifications, forget GDP..

I’ve seen Egyptians talk on TikTok so I know what I’m saying..

https://countryeconomy.com/energy-and-environment/electricity-generation/egypt
See their power generation here and how it grows since 2015 and check urs

Ttalk:
When again did you say Nigeria inflation rate was in single digit

Pls state with fact and data for 10 years that show inflation rate was in single digit .

I don't want story just show data to back your claim.

when hunger and frustration is dealing with someone you will know from their countenance…their messiah has tought them how to reel unverified and unguarded statements to steer up sentiments and sensations,he will tweet before noon.

The pictorial below the economic stability Tinubu is achieving. It is like sending your business from a profit of $572Billion to $187b. Simply put, someone burying himself in a hole and create a sitting room there and be shouting "I have stabilized as I am not being buried further".
To sound economists, Stability means digging yourself from the pit you fell into and stay where you were originally.

Putinofrussia:
Egypt is in debt with IMF.
Nigeria doesn't owe IMF shishi.

Nigeria has best tech city in the world 2025.
Egypt doesn't come close.


Nigeria Technical institutions are free.They live in school free.They eat free food.They even collect #22,500 every month.
Egypt doesn't come close.


Old pensioners get free medical treatment in Nigeria.
Egypt where art thou?


Nigeria spent about $2.01bn on external debt servicing between January and April 2025, marking a 50 per cent increase compared to the $1.33bn recorded during the same period in 2024.22



While Egypt paid approximately $13.4 billion in foreign debt service. This included $1.86 billion in interest payments and $11.49 billion in principal repayments. Egypt is also the largest African debtor to the International Monetary Fund (IMF), with outstanding credit totaling approximately SDR 8.63 billion as of March 31, 2025. This represents nearly one-third of the continent's top 10 IMF debts, according to Intelpoint.


Go figure the way Egypt is crawling in debt.
South Africa is owing 5 times the debt of Nigeria.

Economy don stabilize or not

Stop misleading people here

Egypt's inflation rate is 10% and is dropping. Nigeria's inflation rate is around 30%

There's 100% access to electricity in Egypt. Nigeria is about 60% which is even epileptic

Literacy rate in Egypt is 80%. In Nigeria it's 60%

Life expectancy is higher in Egypt than Nigeria

Childbirth mortality rate is better in Egypt than Nigeria.

Nigeria is far behind Egypt.

Ttalk:
When again did you say Nigeria inflation rate was in single digit

Pls state with fact and data for 10 years that show inflation rate was in single digit .

I don't want story just show data to back your claim.

https://www.nigerianstat.gov.ng/elibrary/read/308
Nigeria's inflation rate 10 years ago was single digit. 9.2%

Obaaderemi2:
https://www.nigerianstat.gov.ng/elibrary/read/308
Nigeria's inflation rate 10 years ago was single digit. 9.2%

Such a shame APC are like a cancer disease that should be cut off.

PulaPower:
Nigeria is better than Egypt in all ramifications, forget GDP..

I’ve seen Egyptians talk on TikTok so I know what I’m saying..

So if you see British talking about how bad their economy has fallen it means Nigeria is better than Britain?
How about Nigerians complaining everywhere?

Arda1000:
So if you see British talking about how bad their economy has fallen it means Nigeria is better than Britain?
How about Nigerians complaining everywhere?

I wanted to type this not long.

Even New Zealand are running away to UK and Australia saying their economy are bad.


Does it mean that Nigeria is better than New Zealand?

004gist:
I wanted to type this not long.

Even New Zealand are running away to UK and Australia saying their economy are bad.


Does it mean that Nigeria is better than New Zealand?

people will always complain but then some comparisons don’t make sense,Egypt is far better than Nigeria and it shouldn’t even be a debate.

004gist:
Nigerian gross domestic product vs Egypt gross domestic product trend.

Source: Google
Has the economy stabilise?

Infact APC has taken Nigeria back to 1980 resistant point

Our GDP is growing in Naira.

Show us gdp ppp trend. ....to adjust for exchange rate impact. Let's see something