₦airaland Forum

DeepSight:
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Very well and thoughtfully written I must say and I agree with much you have said.

However I will contest the idea that SA has more black dollar millionaires. I doubt it very much.

Lionessza6:
I have never come across any rankings of dollar millionaires that put Nigeria above South Africa, but most rankings put Nigeria above South Africa in dollar billionaires rankings. And in any South African ( which I think concerns most Nigerians, always go and find out what percentage of the SA list are black and pit that number against yours,SA will always be the winner in millionaire status but Nigeria will bear us merciless in the dollar billionaire status.

I think this will explain the reasons behind this phenomenon more clearly;

Nigeria produces more billionaires because wealth is concentrated at the top. South Africa produces more Black millionaires because wealth is more evenly spread across a larger segment of the population.

South Africa has a more visible and substantial Black middle class, which grows steadily into millionaires.

Nigeria, many entrepreneurs may have significant influence or success, but it’s either informal or tied to a few massive deals, creating billionaires but fewer formal millionaires.

South Africa has had a longer history of formalized wealth accumulation among Black South Africans post-apartheid, partly due to policies like Black Economic Empowerment (BEE), access to property, and developed financial institutions.

Nigeria’s history and politics, corruption, and instability have limited wealth accumulation to fewer individuals at the very top.

South Africa: More developed financial markets, property markets, and formal sectors where wealth can grow steadily. Investments in stocks, businesses, and real estate allow more people to become millionaires.

Nigeria: Informal economy is huge, and while some people strike it rich in oil, trade, or tech, many people’s wealth isn’t fully captured in formal “millionaire” stats.

nateevs:
What's funny is that we are not surprised. We could have told you for free that this is normal Trump, 100%.

You should embrace it actually.

DeepSight:
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The last words in bold give you the real answer. Records are not our strength in this matter but I can tell you for free that NG has FAR many more dollar millionaires than black SA.

Have you ever been to Nigeria?

budaatum:
Actually, First Registrars. But I'm not basing my opinion on her alone, nor is it my claim that everyone doesn't work hard in Nigeria.

I worked at my uncle's sawmill in my teens, and I and his own children slaved for our dinner. I also worked for myself and wouldn't say I was lazy. And Nigerians who worked for me in my early days in UK found the pace rather hard going.

I was home ten years ago and struggled to get workers for my farm despite paying double the going rate. People would rather go sit outside Kami, the state rep's, house and collect than come work for me.

Fact is, a nation where many go night vigils instead of resting at night can not be as productive as where most get a good nights sleep. And if we can't clean our streets or generate constant electricity, we are either not hardworking or unknowledgeable.

But all that's anecdotal. Check were we are on a productivity by country list and tell me we are as productive as some.

https://en.wikipedia.org/wiki/List_of_countries_by_labour_productivity

Even our Gross national income is not to boast about.

https://en.wikipedia.org/wiki/Gross_national_income

Lionessza6:
I guess ,I'll have to take your word for it then💁‍♀️.

No Sir. Why do you ask?

DeepSight:
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It's important to have participated in both economies to get a sense of these things. I have been to SA many times and also worked out of SA in terms of regional African work for multinationals.

DeepSight:
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Developing country, it's a process that will take time.

budaatum:
I'm avoiding the South African comparison, but the above rings true. My sister would leave Ikotun at 5am to get to Eric Moore by 7 or not get there till after 10, and that's not part of work but would definitely drain her considerably.

This is exactly how the Democrats and republicans once operated, they agreed on many aspects, and had no problem showing support across the isle, had different ideas on policies, and one seemed to be more geared toward a certain type of government and the other had a bit different take …, but now the democrats strayed from law and government into extreme evil wickedness that should never be in government…

Lionessza6:
Please stop broadcasting your ignorance about a country you claim you're a citizen of.Protests mean very different things in different countries.

In Nigeria, they rarely lead to lasting change, so many see them as high-risk with little reward.

In South Africa, it’s different. Protests, even when loud or disruptive, often lead to talks, policy changes, or legal action. They’re not chaos....they’re part of how our democracy works.
Why? Strong institutions
Powerful labor unions
Active student movements
Civic organizations that hold power accountable.

A legal system that allows court challenges after protests.Protests keep leaders on their toes. When governance fails, we mobilize quickly and demand action. That’s why delivering results isn’t just good politics....it’s survival.

Our histories shape how we see activism. What some call desperation, we call political participation that gets results.Protest here isn’t a threat....it’s how we make the system work.

2. Firstly, let me clarify something: Boers do not own 70% of South Africa’s landmass; that figure refers specifically to commercial agricultural land. This is a colonial residue, much like our old infrastructure and economic framework. Such systems are not undone impulsively; they are phased out deliberately and responsibly to avoid economic collapse.

Most of South Africa’s land remains under traditional authorities and is untitled, which is precisely why land reform was not the most urgent priority compared to housing, services, and economic transformation.

The land question has returned to the spotlight largely because of high urban unemployment and the recognition of agriculture as a potential large-scale employer. In addition, South Africa now has access to diversified global markets, including Asia, rather than being overwhelmingly dependent on European markets that historically had little incentive to support meaningful land reform.

Reform must therefore be strategic, economically sound, and sovereign. We are under no obligation to rush complex structural changes or to accept pressure framed as ‘African solidarity’ when it risks economic self-harm. We are not Zimbos. We don't seek to be validated by envious Pan-Africanists as " non cowards " and "lovers of blackness ". We accept that we were thrown into the deep end and we have so many structural reforms inherited from apartheid that we have to overcome. But we will never self-harm to please the continent that secretly and openly coverts our position. Or self-harm to spite white SA when we will end up being the biggest losers at the end because we have no Europe* to pick us up when we are down like they have. Just like Black Americans we are on our own in cases like this because our own cousins occupy even weaker positions than we on the global hierarchy of political and economic relevance unlike the white people in our respective countries who have a much more successful continental home to back them. Both whites are an extension of that and we are an extention of the weak positions of Africa. But that is too deep for a feeble mind like yours to comprehend .

bayelsaowei:
There is a reason MTG has withdrawn her support for Trump..

Once your principles do not match with the person you support you move on from that person.. you must not die supporting someone whose actions are rotten.

You just move on.. not dance around..

DeepSight:
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SHATTAP RAM

basilico:
I'm yet to hear any liberal here criticize any democrat.

bayelsaowei:
lies..

Many folks from both sides condemned Kirks killing.

Video clips are all over the place.

bayelsaowei:
There is a reason MTG has withdrawn her support for Trump..

Once your principles do not match with the person you support you move on from that person.. you must not die supporting someone whose actions are rotten.

You just move on.. not dance around..

raumdeuter:
MTG moved on because Trump will not support her Senate run

I dont know what is confusing for you? Because you support someone does that mean you support everything they do?

You support Democrats, do you also support men in women's bathroom or gender reassignment for minors?

I support the Republican party but I do not support their stand on abortion. I wonder why that is difficult for you to understand

bayelsaowei:
Reality check.

feedthenation:
---FBI Deputy Director Dan Bongino says that he plans to leave the job next month in January---

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