₦airaland Forum

Nigeria is about to deliver another blow to South African pride. Its statistics office will soon publish long-delayed revisions to its estimate of the size of the economy. As the score stands now, Nigeria is second to South Africa as the continent’s economic big shot. Its GDP at current prices was $292 billion last year, according to the IMF, compared with $354 billion for South Africa’s. But that will change. Bigwigs in Abuja, Nigeria’s capital, have dropped heavy hints that revised figures will put Nigeria comfortably into first place. Charlie Robertson, chief economist of Renaissance Capital, said that Nigeria’s GDP figure could be revised up by as much as 60%.

Why such a big upgrade? An economy’s growth rate in inflation-adjusted terms is typically measured by reference to prices in a base year. In Nigeria the reference year is 1990; real GDP for subsequent years is expressed as if prices had remained constant since then. To tot up an estimate of GDP growth, its number-crunchers add together growth estimates from each sector of the economy, ie, farming, manufacturing, construction and services. The weight they give to each part depends on its importance to the economy in the base year.

For those not following the news
This is happening under Jonathan
Reported by the " economist" for those who have heard about that magazine,it not ikebe super
Tomorrow someone will argue on it
This is April and people are already attributing this news that hit CNN to Buhari

http://www.economist.com/blogs/baobab/2014/01/nigerias-economy-will-soon-overtake-south-africas

babyosisi:
So this is the change?
Butt licking means change?
The dollar gained momentum when obama took office
It happens whenever a new admin comes in,no biggie
The nigerian stock market made a great leap during Jonathan's administration and Nigeria was said to even surpass South Africa as the leading African power nation .
Una no dey read news?

But he is yet to be sworn in.
*paper achievements do not put food on table! Even with all the Overhyped figures an average nigerian still lives in abject poverty!

Let's wait and see

Mtm5313:
Almighty God Will Assist Him.

i wish it is possible for him to still use his military character in restructuring of the country.

Chukwugekwu:
Buhari will be the worst

It is still same ilk of yours who quipped, 'can any good thing come out Jerusalem?' Any wonder then? Just as 'Judases' still abound today, we are equally not ignorant of a thousand 'Thomases' like you.

Point of understanding. Buhari cannot change Nigeria. Nigeria is the way it is and will be the way it will be by the aggregate collective wills of Nigerians.

It is Nigerians who put him there to do their bidding and he won't be able to operate outside their will. We often hear that, so and so leader was this and that but he surrounded himself with people of different opinions leading to his demise. Well no man, no leader can do it alone. He needs people to assist and these assistants need assistants and so forth. Along the line the aggregate complexion of leadership changes as authority spreads taking the form of generality.

In 1983 the vast majority could not accept Buhari's ideologies so he lasted a short while. This time either his position changes or the peoples'. The question we should be asking in line with the famous anti-corruption mantra is, are Nigerians ready for the change they voted for because just yesterday at the local ATM I saw everyday corruption and it didn't involve leaders, politicians or government but it affected me.

These are the realities society face. My greatest worry in a people who fail to come to terms with what they are but rather live in delusion that it is always somebody elses fault.

EggovinMma:
LIAR!!!!!!!!!!
YOU PEOPLE HAVE FAILED. IT MAY NOT BE EASY BUT IT HAS STARTED ALREADY, EVEN THOUGH HE IS YET TO BE SWORN IN.


Kindly double check this for me:
The fear of Buhari is the beginning of. Nigerian systems' sanitation.

1. Nigeria army finds Buhari's certificate;

2. Missing $20b found with Zenith bank;

3. NTA calling GMB masters degree holder;

4. Dezieni visits Abdulsalami;

5. Industrial training funds began payment of outstanding they have been owing students for more than 2yrs;

6. Nig stock market recorded a gain of # 906b , biggest gain in 50yrs;

7. Naira made a gain of #27 against the dollar

8. Numerous filling stations that were padlocked under
the pretext of fuel scarcity suddenly opened gates for business.

The war on corruption and indiscipline has already started....

U guys can be funny o.
He is d president Elect n not d incumbent President, these things r happening under Jonathan . he is trying to see things tru so after transition, the next govt won't go tru much stress, n there will b an easy take off of dev in d country.
But instead of we Nigerians to c how we can help encourage the govt, we sit back n castigate, talk up n down look for ways to transfer developments to d other party, smh.
N then u expect everybody to join hands n support d next govt.
Look if Nigeria much truly change, we d citizens must first change our mentality, that's our major problem .

Chang does not usually mean progress,

taharqa:
I pray that Buhari succeeds, cos Nigeria cannot afford to waste 4years in political or economic limbo.

I make this prayer inspite of Buhari and his very very USELESS party, as well as the gang up of the core North against GEJ. I make this prayer simply for the sake of Nigeria

EVERY LOVING DISCERNING NIGERIAN CAN NOTICE THE SHUNT ON OUR BELOVED LAND THE VERY DAY THEY STOLE OUR MANDATE BY EVIL GANG UP. IT'S OUR PRAYER THINGS MOVE FORWARD BUT IT WONT...NOT WITH BUHARI IN THAT PLACE.

babyosisi:
For those not following the news
This is happening under Jonathan
Reported by the " economist" for those who have heard about that magazine,it not ikebe super
Tomorrow someone will argue on it
This is April and people are already attributing this news that hit CNN to Buhari

http://www.economist.com/blogs/baobab/2014/01/nigerias-economy-will-soon-overtake-south-africas

Don't mind d stupid n senseless people. May all their efforts n results be attributed to someone else, so that they feel how sweet it is.

Zakkyoz:
i wish it is possible for him to still use his military character in restructuring of the country.

Exactly! but the nonsense in 'human rights' wouldn't allow.

Insurgency is not an economic problem but stew.pidity, callousness fueled by extreme religious ideology in the hope to creating an islamic caliphate. Creating a commission similar to Niger delta commission or ministry will amount to a scam on the collective reasoning of NIGERIANS.

Just read d title, no time to read d whole text
Those dreaming of a CHANGEd Nigeria will wake up to meet d same (if not worst) Nigeria.

God be with him

Very good analysis but not very sound.
in view you did use GEJ style of govt as a basis of you post.
when ask how GMB administration will survive despite low foreign reserve. Osinbajo reply that the problems is not foreign reserve but how much Nigeria is making daily and how much the present govt are using appropriately. that is one problem.

If GMB-PYO could make use of Nigeria resources well and as well taking the Yam far away from goat vise versa things will be easier.

Our cooperation is needed as well

EggovinMma:
But he is yet to be sworn in.
*paper achievements do not put food on table! Even with all the Overhyped figures an average nigerian still lives in abject poverty!

Same thing happened then
I wish Buhari is the savior you folks seek
I am afraid it's the same ten and ten pence
Amaechi spent rivers money to sponsor elections,his students in Europe haven't received stipend in 6 months
Have they felt your change
Where do you think he will recoup the money from or you think he wouldn't be rewarded by a juicy post?
You think all the crooks following him around will wave bye bye to their investments?


I remember when Fayemi won his drawn out court battle ,Ekiti people rejoiced that a savior had come,did he ever fulfill any promise?
Didn't he owe workers for months on end and bought an ordinary bed for hundreds of million of naira
Didn't he pay the lawyers and reward those who stood by him?

I don't have hope in any of these people
The fabric of Nigeria is rotten and Buhari won't do much
A rotten tree cannot bear good fruits no matter how determined the farmer is

ellechrystal:
U guys can be funny o.
He is d president Elect n not d incumbent President, these things r happening because of d live Jonathan has for us, he is trying to see things try so after transition, the next govt won't go tru much stress, n there will b an easy take off of dev in d country.
But instead of we Nigerians to c how we can help encourage the govt, we sit back n castigate, talk up n down look for ways to transfer developments to d other party, smh.
N then u expect everybody to join hands n support d next govt.
Look if Nigeria much truly change, we d citizens must first change our mentality, that's our major problem .

The point you were trying to make should be channelled to those who are already getting frustrated despite the fact buhari is yet to ascend the throne. What kind of topic is this? The man is yet to take up the mantle, and already people are calling him a failure.There are so many skeletons in Jonathan s cupboard.The progress he is recording now is to enable him land softly after the handover.And other people in Govt positions until recently, now knows their job descriptions . Now, they have to sit up or lose their jobs!

The real change nigeria needs is found in the implementation of the confab report of 2014,anything short of this is merely cosmetic or superficial which cannot endure

Taylor86:
some nigerians are very gullible and naive, what does Buhari hav to offer us, hw can a sane educated nigerian thinks he/she can

1. stabilize world oil price

2. make N1 = 1 dollar

3. pretend to be corrupt free but has tinubu, obj, shekau as close pals

even an angel of God hu hv not fasted for weeks cant do these things

as for me and my family we know d illiterate has nothing to offer take him serious at ur own peril

my name is taylor86 AKA quote me and die

Taylor mad man

I belive GMB will do his best. He's very much aware of the enormous challenges that lie ominous ahead.

However, the ONLY solution to our problems is a change of structure. The current one breeds laziness, waste and corruption. Till the system is restructured, we're are going nowhere.

princejenks:
The real change nigeria needs is found in the implementation of the confab report of 2014,anything short of this is merely cosmetic or superficial which cannot endure

I agree. The current system engenders corruption and waste. To continue with it is to postpone sufferings and underdevelopment!

We need a new system!

chase4esctercy:
Let him just start from some where, because I know it will be difficult for him

Lol,GMB will be just like Americans who venture out to change Africa,but it turns out that its Africa that changes them instead.

babyosisi:
Same thing happened then
I wish Buhari is the savior you folks seek
I am afraid it's the same ten and ten pence
Amaechi spent rivers money to sponsor elections,his students in Europe haven't received stipend in 6 months
Have they felt your change
Where do you think he will recoup the money from or you think he wouldn't be rewarded by a juicy post?
You think all the crooks following him around will wave bye bye to their investments?


I remember when Fayemi won his drawn out court battle ,Ekiti people rejoiced that a savior had come,did he ever fulfill any promise?
Didn't he owe workers for months on end and bought an ordinary bed for hundreds of million of naira
Didn't he pay the lawyers and reward those who stood by him?

I don't gave hope in any of these people
The fabric of Nigeria is rotten and Buhari won't do much
A rotten tree cannot bear good fruits no matter how determined the farmer is

Babyosisi, the system is bad, both the APC, PDP and nigerians.But it's not irreparable.Let's sit and watch.Castigating him when he is yet to be sworn in is like praying for headache when there's no money for panadol. Let's not allow hate rule over our sense of reasoning please.

just have a lytle faith.

The only way Buhari can change Nigeria is to make government unattractive to people except genuine people who can change Nigeria but he can't do it alone
The salary of any politician in office must not exceed an equivalent of $80k annually
We know that will never happen.
His own party will kick him out if he tries that
Secondly decentralize the government to real federalism.
Let the regions fend for themselves
You will be begging people to become politicians

omojeesu:
The CHANGE MUST START with YOU and I. BUHARI must be willing to make some decisions and take some actions that the powers that be won't like but that will favour Nigerians.

This is d main thing
Forget about individual yes we need to change ourself but if govt isn't during enough we will still continue to maneuver around a point

Hw will u tell d likes of tinubu,obj and others to goan sit after working day and night to get u dere
These power brokers are d main source of our problems

ellechrystal:
U guys can be funny o.
He is d president Elect n not d incumbent President, these things r happening under Jonathan has . he is trying to see things tru so after transition, the next govt won't go tru much stress, n there will b an easy take off of dev in d country.
But instead of we Nigerians to c how we can help encourage the govt, we sit back n castigate, talk up n down look for ways to transfer developments to d other party, smh.
N then u expect everybody to join hands n support d next govt.
Look if Nigeria much truly change, we d citizens must first change our mentality, that's our major problem .

Now, hear urself speak: "he is trying to see things through so after transition, the next govt won't go through much stress..."
I wonder why u have not thought it good to reason that:
1. Nigerians do not deserve the current stress they are passing through; therefore, it is not now that he should be 'trying to see things go through'
2. A leader must at all times give his best such that, immediately he is sworn in, he begins to give in his best so that the people's welfare (and not the in_coming gov't alone) can 'take off ' smoothly.

HzRF:
This is d main thing
Forget about individual yes we need to change ourself but if govt isn't during enough we will still continue to maneuver around a point

Hw will u tell d likes of tinubu,obj and others to goan sit after working day and night to get u dere
These power brokers are d main source of our problems

The same Tinubu that made him
It will never happen
If he tries it tinubu will mobilize his followers in government against him and make Nigeria ungovernable for him
They thought Jonathan was bad
Now they will see bad and not know what to call it
My hopes are not high at all
So I won't be shocked
I have seen them come and go ,no difference

A few million people like you thought we wont even be able to change our President, now we have a replacement

If you can clear your mind off the dizzy effect of election loss, like Uncle Jona has honourably done

Then you can join a larger number of Nigerians than all the votes counted combined

Who are eager to join hands & steer Nigeria beyond the Buhari Victory

To a place of pride & honour that even generations unborn will be proud of

May God guide us right

The Land is Green .............

I thought I was the only one that thought about this.Well,it might interest you to know that the said change means different things to different people.To some,they want change because they are use to PDP.Some want change because they don't like seeing GEJ and PEJ faces and some want change so that power will shift to another region.Most of these advocates of change know GEJ is doing his best,but they won't give him the chance to continue,not minding whether the change they advocate could be disastrous.Well,the change is here for them,we are watching how things will unfold.

Nobody said it was ever going to be easy to change the country after 54 years of gross mismanagement by successive administrations. It won't be shocking if oil prices go below 35USD PB this year due to the fact that there will soon be a glut once sanctions on Iran are lifted and they are allowed to pump crude into the market.
It will get worse before it becomes better. Buhari must be courageous and downsize our overbloated civil service cut excesses, address contract inflation etc. He should remember Nigerians put him there, not vested interests and political godfathers.Where there is a will, there is a way