₦airaland Forum

GERALD710:
He cannot. Because we do not allow Imports from Ethiopia from foreign companies.Ethiopia is not part of the East African Community.

kwametut:
EVERYTHING YOU SEE IN S.A. HAS A STRONG LINK WITH SOUTH AFRICANS FROM LABOUR TO ENGINEERING. WE LOOK DOWN ON CHINKOS. Even our own SA Chinese tease China its a banter not hate.

Behind that tower theres 3 BABIES UNDER CONSTRCUTION, WE ARE NOT SURE ABOUT THE FUTURE OF THOSE MANSIONS. Looks like in future they will BE BOUGHT OUT AND DEMOLISHED. THE ZULU KING MAKING SURE THE LAND IN HIS ZULULAND IS BEING USED FOR DEVELOPMENT. WE CAN SEE MAPUTO FROM HERE

samsobo24:
hi nairobiwalker

kwametut:

Our guys aren't into selling drugs they BUILD LIKE THEIR FOREFATHERS. LOOK THE LAZY SA MEN ARE BUILDING MALLS.

Danielnino00:
I'm curious about something tho.. If your budget is so much more than ours and its being implemented (according to some of ur folks here,your budget is being well implemented unlike ours), how come your country's economy isn't bigger than that of Lagos..

I mean for a country to spend so much, there must be positive results.. and the result mostly reflects in the economy.


Don't talk about the population difference pls. we all know Kenya population is twice that of Lagos and Lagos doesn't have oil

forgiveness:
This same foreigner with her husband are good friends of Nairobi mayor, Prime Minister and President.

How come your elites trusted them?

They know better.

Danfo is cool but you may live in Lagos for years without entering one because there are many means of transportation in Lagos.

NairobiWalker:
Why are you comparing the GDP of the richest part of Nigeria with the whole of Kenya? Please do a comparison of the GDP of Lagos to Nairobi and you'll see what I'm talking about.

NairobiWalker:
Why are you comparing the GDP of the richest part of Nigeria with the whole of Kenya? Please do a comparison of the GDP of Lagos to Nairobi and you'll see what I'm talking about.

NairobiWalker:
There's no Mayor or Prime Minister in Nairobi. You've burst your own bubble Mr. Liar.

shervydman:
God bless u. u're a learner, i'm a learner too.
annual budgets deals with income and expenditure of a year. it is truly dependent on revenues. don't forget that annual budgets for every year are planned the previous year, i.e 2017 budget has been budgeted since late 2016. every country on earth budget in their local currency because majority of the budgets are spent internally. u buy n sell in ur country with local currency.

GDP; as u've said earlier is the total value of goods and services provided in a country during one year. GDP deals in dollar cos it involves international trade, dollar is the accepted currency internationally. u trade with the world in dollar.
budget= local currency
GDP= dollar.

now that every currency around the world is different, price of commodities varies around the world. u may buy a 50cl bottle of cocacola in Ghana for approx. $1 and I buy mine in Nigeria for approx. $0.25. remember; a 50cl cocacola bottle is the same all over the world. Ghana's 2017 budget is 45b cedis approx. $11.2b cos dollar=4 cedis. Nigeria has a budget of 7.4t naira approx. $21b. so, u wanna tell me Nigeria's budget is only about $10b shy of Ghana's budget?? that's the case with Kenya too.

in order to make it simpler for learners like us, economist compare budgets by % of GDP. check the link below, u'll see what I mean. Nigeria's budget is -2.1% of our 2016 GDP. Kenya's budget is -7.8% of their 2016 budget. even lower than ours by faaaar in terms of %.
https://tradingeconomics.com/nigeria/government-budget Nigeria's budget
https://tradingeconomics.com/kenya/government-budget Kenya's budget.

if u get me, reply. if u don't, lemme know.

Muafrika2:
So if this Eko is being developed at the rate of two buildings per 20 years,

How long will it take for all its 1200 high rise buildings?


Formula: (1200 blgs/2) × 20 yrs = 1200 years ( )

No wonder its a MILLENNIUM development goal

NairobiWalker:
Why are you comparing the GDP of the richest part of Nigeria with the whole of Kenya? Please do a comparison of the GDP of Lagos to Nairobi and you'll see what I'm talking about.

samsobo24:
Don't get you,what do you mean,Explain
Lagos swallows East Africa as a whole

WIZGUY69:
The GDP of Lagos is twice that of Nairobi.
Lagos - $131
Nairobi - $65

kwametut:
Guys lets AGREE Uyo, Onitsha,Nnewi,Ibadan,Benin city etc..are TOWNSHIPS not cities. while some have strong VILLAGE TWANG...not URBAN.

NairobiWalker:
Hahaha!!!

Obi1kenobi:
The last time I did economics was in secondary school, so I'm certainly not an expert, but I don't see how that makes sense. GDP is simply the total value of goods produced and services provided in a country during one year. It has nothing to do with the government budget. The budget would normally be dependent on government revenue and loans may be taken to finance deficits. Nigeria has a very low government revenue due to most of the revenue being derived from crude sales and crude oil only accounts for about 15% of Nigeria's GDP, but well over 90% of our Forex earnings (since we export little else) and about 80% of government revenue.

Daverytimes:
Towns that consist of millions of people, towns that have economies a quarter that of the whole of Kenya's? What exactly is a city to you?

shervydman:
God bless u. u're a learner, i'm a learner too.
annual budgets deals with income and expenditure of a year. it is truly dependent on revenues. don't forget that annual budgets for every year are planned the previous year, i.e 2017 budget has been budgeted since late 2016. every country on earth budget in their local currency because majority of the budgets are spent internally. u buy n sell in ur country with local currency.

GDP; as u've said earlier is the total value of goods and services provided in a country during one year. GDP deals in dollar cos it involves international trade, dollar is the accepted currency internationally. u trade with the world in dollar.
budget= local currency
GDP= dollar.

now that every currency around the world is different, price of commodities varies around the world. u may buy a 50cl bottle of cocacola in Ghana for approx. $1 and I buy mine in Nigeria for approx. $0.25. remember; a 50cl cocacola bottle is the same all over the world. Ghana's 2017 budget is 45b cedis approx. $11.2b cos dollar=4 cedis. Nigeria has a budget of 7.4t naira approx. $21b. so, u wanna tell me Nigeria's budget is only about $10b shy of Ghana's budget?? that's the case with Kenya too.

in order to make it simpler for learners like us, economist compare budgets by % of GDP. check the link below, u'll see what I mean. Nigeria's budget is -2.1% of our 2016 GDP. Kenya's budget is -7.8% of their 2016 budget. even lower than ours by faaaar in terms of %.
https://tradingeconomics.com/nigeria/government-budget Nigeria's budget
https://tradingeconomics.com/kenya/government-budget Kenya's budget.

if u get me, reply. if u don't, lemme know.

Jidesam01:
u mean Kenya right?? Cos I don't think Nairobi has GDP.

obaaderemi:
Are you mad?GDP of Nairobi is far smaller than the GDP of Lagos.

samsobo24:
Don't get you,what do you mean,Explain
Lagos swallows East Africa as a whole

forgiveness:
Did you read Nairobi Prime Minister?

Besides, I meant Governor but if you think otherwise, sorry, you can't change the facts on ground.

Obi1kenobi:
Those negative figures from what I can see are only measuring the budget deficit. It has no reflection on the actual monetary size of the budget. Also, while I can see the sense in the question of measuring the dollar value of Kenya's currency and Nigeria's, I'd still say its application here is low. We're not comparing Nigeria to Norway here where the price of a beer might be almost 10 times higher than in Nigeria. It's Nigeria and Kenya: two African 3rd world nations. Many things are costlier in Nigeria than Kenya. Many analysts have pointed out Nigeria's road construction industry is one mega scam. Our costs per km of road are some of the highest in the world. The same applies to bridges, tunnels, flyovers etc. Just read the absurd figures that were quoted for Fashola's Ikoyi link bridge, Kwankwaso's Kano flyover and compare the cost of the rail project in Lagos with countries like Tanzania, Ethiopia and even Kenya. Nigeria has some of the highest cement prices in the world. So there's no fair metric to objectively measure what Kenya's budget can do compared to Nigeria's.

As I pointed out earlier, several analysts of our budgets have pointed out how abysmally low it is and how it can accomplish next to nothing. At a minimum, every country should be looking at at least 10% of its GDP as budget. Many countries are higher as 20% like Kenya. The US runs a $4 trillion budget from a GDP just over £18 trillion. We can't even hit 5%.

WIZGUY69:
The GDP of Lagos is twice that of Nairobi. Lagos - $131 Nairobi - $65

NairobiWalker:
Lagos GDP (The cooked one) = $91 B, Lagos population estimate = 17 - 21 billion

Nairobi GDP = $39 B, Nairobi population estimate 5 - 6 million.

With a population 4 times that of Nairobi, Lagos has a GDP only slightly above twice that of Nairobi. See? That's it now. You can't compare the richest part of Nigeria to the whole of Kenya. If you have to do comparisons compare the richest to the richest. Nairobi has a disproportionate higher GDP in comparison to other sections of Kenya just like Lagos to Nigeria. See, I can't use the fact that Nairobi GDP is almost as big as the entire Ghana's to claim Ghana is way poorer than Kenya.