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Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) - Foreign Affairs (1687) - Nairaland

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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by nwoke37: 7:46am On Apr 12, 2018
rvp2017:
Nairobi skyscrappers under development or those approved - are straggering. Don't even think Eko City or Lagos has any chance of getting to Nairobi. If already Nairobi has more skyscrappers - wait for another 5yrs - when we will have more than double that. Nairobi is destined to challenge Joburg and Cairo..for big city. Not mega slum metropolis like Lagos or Kinshasa.

Nairobi is building 70 floor 300m plus skyscraper that will be Africa tallest building by FAR. And that is not all...


They’re already plans for buildings taller than that in eko Atlantic and centenary city
U realize with Lagos having a bigger economy than ur country, there’s far more potential in Lagos than Nairobi(although I see Nairobi as a future hub). Lagos will catch up. Eko Atlantic alone(apart from the other cities in construction in Lagos) will house more than 1000 scrapers. As u saw eko Atlantic is virtually empty, let’s wait till Eko Atlantic grows(next 10 yrs). In 2030, Nigeria’s economy is expected to exceed 1 trillion. Kenyan and Nigerian comparisons wouldn’t make sense then(that’s if we solve some of our issues)

With the growth of Ethiopia, it poses some strong competition to Kenya in the future...
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by nwoke37: 8:03am On Apr 12, 2018
What happened to Kibera in Nairobi(one of the biggest slums in Africa).

Lagos has makoko.. slums are a natural phase worldwide when it comes to growing/ developing cities.

New York wasn’t as glamorous as it is today. People lived in horrific conditions with shabbily constructed tenements ...makes one cry(if you see the pictures).

London was a place of filth in its earlier days.

Urban renewal programs were essential in removing these slums along with massive investments in social housing...

The faster Lagos and Nairobi act on removing these slums, the better the image for these future global cities...
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp2017: 8:17am On Apr 12, 2018
Plans are just that. GDP is not "eaten". First plan to collect some taxes and you may have the muscle to execute those plans. How can Nigeria ran on 28B usd budget? and Lagos with 3B?Nigeria GDP don't make sense to me or anybody else. I understand South Africa & Egypt GDP - those are solid gdp figures backed by empirical data. Whatever Nigeria stats office cooks as GDP- is pure VOODOO!!! Nobody believe its - not Nigeria - not foreign investors - you don't see them flocking to Nigeria like they do to Kenya & Nairobi - they just come for Nigeria oil and nothing more.

Again speaks about now...and if you must go to the future..talk about stuff that are on ground...under construction. Otherwise 20 yrs ago Nigeria talked big about Eko City - and now it just one lonely skyscrapper.

Ethiopia - with Addis & Tanzania - with Dar - are definitely growing and will provide competition to Kenya & Nairobi. That I can't deny. But Kinshasa, Kampala, Lagos are dead as dodo.

Angola & Luanda can teach Nigeria how to use Oil money. Such a shame that country as barren as kenya with zero minerals can beat a giant like Nigeria.
nwoke37:


They’re already plans for buildings taller than that in eko Atlantic and centenary city
U realize with Lagos having a bigger economy than ur country, there’s far more potential in Lagos than Nairobi(although I see Nairobi as a future hub). Lagos will catch up. Eko Atlantic alone(apart from the other cities in construction in Lagos) will house more than 1000 scrapers. As u saw eko Atlantic is virtually empty, let’s wait till Eko Atlantic grows(next 10 yrs). In 2030, Nigeria’s economy is expected to exceed 1 trillion. Kenyan and Nigerian comparisons wouldn’t make sense then(that’s if we solve some of our issues)

With the growth of Ethiopia, it poses some strong competition to Kenya in the future...

2 Likes

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp2017: 8:23am On Apr 12, 2018
The same way GDP is not "eaten" - having say 10,000 MW of power while the real GWH - gigawatts hours that power is actually available is less than 2,000MWS - is the fallacy that is Nigeria. Now the talk is to add 3,000MW to Lagos - how will that help - when nobody pays for power - the power companies go bankrupt - the power producers turn off the turbines & generators - and people grow thinking regular supply of electricity is something to be dream about. Kenya has about 2,500mw of power - and nearly the whole country is on stable 24hrs power supply -the GWH is impressive.

3 Likes

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by samsobo24(m): 8:40am On Apr 12, 2018
nwoke37:


They’re already plans for buildings taller than that in eko Atlantic and centenary city
U realize with Lagos having a bigger economy than ur country, there’s far more potential in Lagos than Nairobi(although I see Nairobi as a future hub). Lagos will catch up. Eko Atlantic alone(apart from the other cities in construction in Lagos) will house more than 1000 scrapers. As u saw eko Atlantic is virtually empty, let’s wait till Eko Atlantic grows(next 10 yrs). In 2030, Nigeria’s economy is expected to exceed 1 trillion. Kenyan and Nigerian comparisons wouldn’t make sense then(that’s if we solve some of our issues)

With the growth of Ethiopia, it poses some strong competition to Kenya in the future...
This guy isn't worth discussing with. Imagine him ranting about the eko Atlantic. He is ignorant and pained about how gigantic the project is and the recognition it has received globally.

The water system for the city is now working
The Energy Estate for the city now produces electricity

Roads and bridges already planned


Die of hatred because of the EAC,you haters

4 Likes

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp2017: 8:44am On Apr 12, 2018
There is big difference btw Lagos or Nigeria slums with say kenya/Nairobi slums. Nairobi slums - people have regular supply of power - water - internet - TVs- and emerge out of it mostly smartly dressed. They are just slums because the land is owned by gov and people cannot invest in building anything but iron sheet sharks. Nigeria slum cities is something else..

And slums ocuppy 5% of Nairobi land - the other 95% is okay.

FACT:Nairobi people living in slums generally lead better qualify of life than average Lagosian



nwoke37:
What happened to Kibera in Nairobi(one of the biggest slums in Africa).

Lagos has makoko.. slums are a natural phase worldwide when it comes to growing/ developing cities.

New York wasn’t as glamorous as it is today. People lived in horrific conditions with shabbily constructed tenements ...makes one cry(if you see the pictures).

London was a place of filth in its earlier days.

Urban renewal programs were essential in removing these slums along with massive investments in social housing...

The faster Lagos and Nairobi act on removing these slums, the better the image for these future global cities...

1 Like 1 Share

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp2017: 8:57am On Apr 12, 2018
There is nothing to hate here - just pity. One skyscrapper every decade.
samsobo24:
This guy isn't worth discussing with. Imagine him ranting about the eko Atlantic. He is ignorant and pained about how gigantic the project is and the recognition it has received globally.

The water system for the city is now working
The Energy Estate for the city now produces electricity

Roads and bridges already planned


Die of hatred because of the EAC,you haters
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by nwoke37: 9:09am On Apr 12, 2018
rvp2017:
Plans are just that. GDP is not "eaten". First plan to collect some taxes and you may have the muscle to execute those plans. How can Nigeria ran on 28B usd budget? and Lagos with 3B?Nigeria GDP don't make sense to me or anybody else. I understand South Africa & Egypt GDP - those are solid gdp figures backed by empirical data. Whatever Nigeria stats office cooks as GDP- is pure VOODOO!!! Nobody believe its - not Nigeria - not foreign investors - you don't see them flocking to Nigeria like they do to Kenya & Nairobi - they just come for Nigeria oil and nothing more.

Again speaks about now...and if you must go to the future..talk about stuff that are on ground...under construction. Otherwise 20 yrs ago Nigeria talked big about Eko City - and now it just one lonely skyscrapper.

Ethiopia - with Addis & Tanzania - with Dar - are definitely growing and will provide competition to Kenya & Nairobi. That I can't deny. But Kinshasa, Kampala, Lagos are dead as dodo.

Angola & Luanda can teach Nigeria how to use Oil money. Such a shame that country as barren as kenya with zero minerals can beat a giant like Nigeria.

Lots of foreign investors come to Nigeria. Just look how South African companies were flooding to come to Nigeria. Nissan,Kellogg’s,Porche, SAB Miller, Nestle, Unilever, La Farge, Samsung and many more are in Nigeria. Recently Microsoft opened a customer care location. Mark Zuckerburg invested 24 million dollars in Andela(local tech company). Nigeria received the highest foreign investment in the tech sector in Africa in 2017 with Kenya and South Africa close behind. Mind you, Lagos’ economy doesn’t revolve around oil in no way- yet investors from all around the world are flocking to Lagos.i don’t understand how Lagos can be dead if it’s just starting to realize it’s potenial. There are lots of multinational companies in Nigeria even before Kenya started getting the spotlight
Have you heard of Jumia(first tech billion dollar startup company in Africa)?It was founded in Nigeria..


Nigeria is a huge consumer market, largest in Africa. Naturally companies will be tripping over themselves to get a share of this market.
When u talk about consumer goods, Nigeria’s the place to be...

And most of the projects we’re talking about are not funded by the government but by private investors with deep pockets who see the potential of Nigeria and investing rightly so. Even the Lekki deep sea port was initiated by private investors. Eko Atlantic has nothing to do with Government.Private Companies are funding these projects. Hence these projects are more likely to succeed because the government doesn’t have a hand in it. The projects are purely profit driven.

Angola had major issues with corruption related with oil. I mean just look at the richest female there and you’ll understand.
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by nwoke37: 9:21am On Apr 12, 2018
rvp2017:
There is big difference btw Lagos or Nigeria slums with say kenya/Nairobi slums. Nairobi slums - people have regular supply of power - water - internet - TVs- and emerge out of it mostly smartly dressed. They are just slums because the land is owned by gov and people cannot invest in building anything but iron sheet sharks. Nigeria slum cities is something else..

And slums ocuppy 5% of Nairobi land - the other 95% is okay.

FACT:Nairobi people living in slums generally lead better qualify of life than average Lagosian




Really doubt that.Average (middle class)lagosians if electricity is non frquent and water supply is sporadic have the purchasing power to buy generators and build boreholes. They live in better houses as well. C’mon why are you comparing the poor to middle class. Now maybe if you compare the poor of Lagos and Nairobi you might have a point.

I’ve watched documentaries on Kibera, it’s nothing to write home about. Some of the houses were made of clay.. I was crying...
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp2017: 9:25am On Apr 12, 2018
South African companies flocking to Nigeria and yet officially you have bigger GDP than them. You don't see the irony there. In kenya they came and found the competition too stiff for them and bailed out for Nigeria. Okay the FDI investment that I see listed there is countable - for a country or city like Lagos that is a pity. Nearly all those companies are in kenya and have been there some for decades.Kenya and Nairobi - the FDI source for east africa countries - and Nigeria if indeed they were 500B GDP would be all over Africa - like South Africa with 300B GDP. See you GDP is fake.

As for Nairobi - it competing with Joburg for HQ of multinational interested in Africa.

Someone here has been trying to keep count of companies that have choosen Nairobi as their Africa base and list is endless
http://www.skyscrapercity.com/showthread.php?t=1559138

nwoke37:


Lots of foreign investors come to Nigeria. Just look how South African companies were flooding to come to Nigeria. Nissan,Kellogg’s,Porche, SAB Miller, Nestle, Unilever, La Farge, Samsung and many more are in Nigeria. Recently Microsoft opened a customer care location. Mark Zuckerburg invested 24 million dollars in Andela(local tech company). Nigeria received the highest foreign investment in the tech sector in Africa in 2017 with Kenya and South Africa close behind. Mind you, Lagos’ economy doesn’t revolve around oil in no way- yet investors from all around the world are flocking to Lagos.i don’t understand how Lagos can be dead if it’s just starting to realize it’s potenial. There are lots of multinational companies in Nigeria even before Kenya started getting the spotlight
Have you heard of Jumia(first tech billion dollar startup company in Africa)?It was founded in Nigeria..


Nigeria is a huge consumer market, largest in Africa. Naturally companies will be tripping over themselves to get a share of this market.
When u talk about consumer goods, Nigeria’s the place to be...

And most of the projects we’re talking about are not funded by the government but by private investors with deep pockets who see the potential of Nigeria and investing rightly so. Even the Lekki deep sea port was initiated by private investors. Eko Atlantic has nothing to do with Government.Private Companies are funding these projects. Hence these projects are more likely to succeed because the government doesn’t have a hand in it. The projects are purely profit driven.

Angola had major issues with corruption related with oil. I mean just look at the richest female there and you’ll understand.

1 Like

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp2017: 9:27am On Apr 12, 2018
The house can be made of clay or tin - but average Nairobi slum house - has 1) 24hrs of electricity 2) 24hrs of water 3) TV & even internet 4) sofa sets and are few minutes to CBD - they generally led better than life than average lagosians - who have to ran a generator a few hours a day and drink borehole water. And there is ongoing slum upgrading.
nwoke37:


Really doubt that.Average (middle class)lagosians if electricity is non frquent and water supply is sporadic have the purchasing power to buy generators and build boreholes. They live in better houses as well. C’mon why are you comparing the poor to middle class. Now maybe if you compare the poor of Lagos and Nairobi you might have a point.

I’ve watched documentaries on Kibera, it’s nothing to write home about. Some of the houses were made of clay.. I was crying...
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by nwoke37: 9:28am On Apr 12, 2018
rvp2017:
The same way GDP is not "eaten" - having say 10,000 MW of power while the real GWH - gigawatts hours that power is actually available is less than 2,000MWS - is the fallacy that is Nigeria. Now the talk is to add 3,000MW to Lagos - how will that help - when nobody pays for power - the power companies go bankrupt - the power producers turn off the turbines & generators - and people grow thinking regular supply of electricity is something to be dream about. Kenya has about 2,500mw of power - and nearly the whole country is on stable 24hrs power supply -the GWH is impressive.

Ur figures are wrong.Nigeria transmits 5,000mw having 7,000mw available thus the 2,000mw shortfall
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp2017: 9:30am On Apr 12, 2018
Give me realiable GWH and we can argue about that. Theoretically capacity of power producers is nothing to shout about. I want to know what get supplied every hour.
nwoke37:


Ur figures are wrong.Nigeria transmits 5,000mw having 7,000mw available thus the 2,000mw shortfall

1 Like

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by nwoke37: 9:33am On Apr 12, 2018
rvp2017:
The house can be made of clay or tin - but average Nairobi slum house - has 1) 24hrs of electricity 2) 24hrs of water 3) TV & even internet 4) sofa sets and are few minutes to CBD - they generally led better than life than average lagosians - who have to ran a generator a few hours a day and drink borehole water. And there is ongoing slum upgrading.

I’d rather be a middle class Lagosian with money to buy the latest smartphone, afford a car, be able to travel. Be able to invest as well. I mean think about it. I’d rather be middle class in Somalia or any other poor country than to be poor and live in a nasty slum in Kenya.

Hope the slums get renovated. The ones in Lagos too

1 Like

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by nwoke37: 9:39am On Apr 12, 2018
rvp2017:
Give me realiable GWH and we can argue about that. Theoretically capacity of power producers is nothing to shout about. I want to know what get supplied every hour.

Nigeria produces and transmits more electricity than Kenya but it’s not enough. We have a way bigger population- that’s y electricity is unstable . The amount we currently produce is too small for Nigeria.

You would be surprised to hear that Nigeria exports electricity.. it does
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp2017: 9:41am On Apr 12, 2018
Who told you Nairobi doesn't have larger lower - middle - and upper class. Kenya I think has more dollar millionaire than lagos. Last I checked Nariobi had 10,000 usd dollar millionaires..

If I am not wrong it's Joburg, Cairo, Capetown, Nairobi, Lagos and Luanda in that order..who has Africa richest.

nwoke37:


I’d rather be a middle class Lagosian with money to buy the latest smartphone, afford a car, be able to travel. Be able to invest as well. I mean think about it. I’d rather be middle class in Somalia or any other poor country than to be poor and live in a nasty slum in Kenya.

Hope the slums get renovated. The ones in Lagos too
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by nwoke37: 9:45am On Apr 12, 2018
rvp2017:
South African companies flocking to Nigeria and yet officially you have bigger GDP than them. You don't see the irony there. In kenya they came and found the competition too stiff for them and bailed out for Nigeria. Okay the FDI investment that I see listed there is countable - for a country or city like Lagos that is a pity. Nearly all those companies are in kenya and have been there some for decades.Kenya and Nairobi - the FDI source for east africa countries - and Nigeria if indeed they were 500B GDP would be all over Africa - like South Africa with 300B GDP. See you GDP is fake.

As for Nairobi - it competing with Joburg for HQ of multinational interested in Africa.

Someone here has been trying to keep count of companies that have choosen Nairobi as their Africa base and list is endless
http://www.skyscrapercity.com/showthread.php?t=1559138


The Fdi count is uncountable like urs. Most countries are. I listed a few on the top of my head

Why do American companies flock to Kenya if they have a bigger gdp. Guess America is cooking its fake gdp.

I don’t believe Nigeria’s gdp is fake. It kinda makes sense. It has the largest population in Africa by far, 7th largest population in the world... plus Nigeria has oil. I mean look at India, they have a huge gdp but the country’s gdp per capita is less than Nigeria’s


And Nigeria companies are all over the continent. Jumia is in Kenya and other countries in Africa . Our banks are all over the continent. Dangote cement factories are all over the continent.

1 Like

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by nwoke37: 9:52am On Apr 12, 2018
rvp2017:
South African companies flocking to Nigeria and yet officially you have bigger GDP than them. You don't see the irony there. In kenya they came and found the competition too stiff for them and bailed out for Nigeria. Okay the FDI investment that I see listed there is countable - for a country or city like Lagos that is a pity. Nearly all those companies are in kenya and have been there some for decades.Kenya and Nairobi - the FDI source for east africa countries - and Nigeria if indeed they were 500B GDP would be all over Africa - like South Africa with 300B GDP. See you GDP is fake.

As for Nairobi - it competing with Joburg for HQ of multinational interested in Africa.

Someone here has been trying to keep count of companies that have choosen Nairobi as their Africa base and list is endless
http://www.skyscrapercity.com/showthread.php?t=1559138


Already saw that thread. I’m on skyscrapercity. If you noticed there was the mention of Lagos and Johannesburg as continental hubs for investors and maybe Nairobi may catch up...
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp2017: 9:54am On Apr 12, 2018
You have problem with English comprehension. America flocking to Kenya is normal just as Kenyan companies will expand to inferior east africa countries. It going to be hard for kenyan company to invest and compete with South Africa. Now officially according to Nigeria stats office - you GDP is larger than South Africa - yet I don't see any FDI flowing out of Nigeria to rest of Africa - outside the banks and dangote? Or well you're sending fdi in terms of third rate movies and music grin

If you seriously believe your GDP is larger than EGypt or South Africa - then you're truly deluded.

nwoke37:


The Fdi count is uncountable like urs. Most countries are. I listed a few on the top of my head

Why do American companies flock to Kenya if they have a bigger gdp. Guess America is cooking its fake gdp.

I don’t believe Nigeria’s gdp is fake. It kinda makes sense. It has the largest population in Africa by far, 7th largest population in the world... plus Nigeria has oil. I mean look at India, they have a huge gdp but the country’s gdp per capita is less than Nigeria’s


And Nigeria companies are all over the continent. Jumia is in Kenya and other countries in Africa . Our banks are all over the continent. Dangote cement factories are all over the continent.

1 Like

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by nwoke37: 9:59am On Apr 12, 2018
rvp2017:
Who told you Nairobi doesn't have larger lower - middle - and upper class. Kenya I think has more dollar millionaire than lagos. Last I checked Nariobi had 10,000 usd dollar millionaires..

If I am not wrong it's Joburg, Cairo, Capetown, Nairobi, Lagos and Luanda in that order..who has Africa richest.


Off course Nairobi has lower class, middle class,and upper class, not my point.

And it’s Johannesburg, Cairo, Lagos, Cape Town, and then Nairobi according to CNN
https://www.cnn.com/2015/09/18/africa/gallery/africa-top-10-cities-millionaires/index.html
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by nwoke37: 10:09am On Apr 12, 2018
rvp2017:
You have problem with English comprehension. America flocking to Kenya is normal just as Kenyan companies will expand to inferior east africa countries. It going to be hard for kenyan company to invest and compete with South Africa. Now officially according to Nigeria stats office - you GDP is larger than South Africa - yet I don't see any FDI flowing out of Nigeria to rest of Africa - outside the banks and dangote? Or well you're sending fdi in terms of third rate movies and music grin

If you seriously believe your GDP is larger than EGypt or South Africa - then you're truly deluded.


Yes Nigeria has a bigger gdp, it’s kinda obvious (200 million people!!) lots of oil being produced. Gdp isn’t even a very good measure of a country’s development. Look at gdp per capita and HDI,
Nigeria could have the largest gdp and have the poorest citizens. India is a 2 trillion dollar economy yet its citizens a large percentage of them are poor. Their gdp figures are upheld by their huge population(2nd in the world)

There’s a big correlation between population and gdp..

South Africa has a higher gdp per capita than Nigeria. It’s people are ,statistically ,richer
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp2017: 10:16am On Apr 12, 2018
Even when I factor population - I still have hard time accepting that GDP.I'd like it cross-referenced with say consumption and expenditure data from somewhere. It simply is mindle-boggling. All that GDP - and total taxes collected if you remove oil revenues - is nearly zero? How NOW? South Africa which theoritically accorind to Nigeria Stats Office has smaller GDP - has 120B usd federal budget - while Nigeria has 28B - less than kenya proposed 29B for 2018? How does that even make sense?

nwoke37:


Yes Nigeria has a bigger gdp, it’s kinda obvious (200 million people!!) lots of oil being produced. Gdp isn’t even a very good measure of a country’s development. Look at gdp per capita and HDI,
Nigeria could have the largest gdp and have the poorest citizens. India is a 2 trillion dollar economy yet its citizens a large percentage of them are poor. Their gdp figures are upheld by their huge population(2nd in the world)

There’s a big correlation between population and gdp..

South Africa has a higher gdp per capita than Nigeria. It’s people are ,statistically ,richer
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp2017: 10:18am On Apr 12, 2018
It depend on the data source - but I see consistently Joburg, Cairo, Capetown - then either Nairobi or Lagos - for the fourth position - and with nigeria recession and naira devaluation - I now see consistently Nairobi being on top - with latest data.
nwoke37:


Off course Nairobi has lower class, middle class,and upper class, not my point.

And it’s Johannesburg, Cairo, Lagos, Cape Town, and then Nairobi according to CNN
https://www.cnn.com/2015/09/18/africa/gallery/africa-top-10-cities-millionaires/index.html
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by samsobo24(m): 11:05am On Apr 12, 2018
When Lagos generates its only electricity, it will start competing with Shanghai,NY,London,Moscow,Berlin etc.
It will soon dwarf Johannesburg as CNBC africa has said
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by samsobo24(m): 11:14am On Apr 12, 2018
And when I search for top companies in Africa,all I see is

South Africa
Nigeria
Egipt
Morocco
Tunisia

1 Like 1 Share

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp2017: 11:14am On Apr 12, 2018
If oil rally to more than 100 dollars a barrel - maybe Lagos and Nigeria can start dreaming again!
samsobo24:
When Lagos generates its only electricity, it will start competing with Shanghai,NY,London,Moscow,Berlin etc.
It will soon dwarf Johannesburg as CNBC africa has said

2 Likes

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp2017: 11:17am On Apr 12, 2018
top in what
samsobo24:
And when I search for top companies in Africa,all I see is

South Africa
Nigeria
Egipt
Morocco
Tunisia
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by samsobo24(m): 11:29am On Apr 12, 2018
rvp2017:
Plans are just that. GDP is not "eaten". First plan to collect some taxes and you may have the muscle to execute those plans. How can Nigeria ran on 28B usd budget? and Lagos with 3B?Nigeria GDP don't make sense to me or anybody else. I understand South Africa & Egypt GDP - those are solid gdp figures backed by empirical data. Whatever Nigeria stats office cooks as GDP- is pure VOODOO!!! Nobody believe its - not Nigeria - not foreign investors - you don't see them flocking to Nigeria like they do to Kenya & Nairobi - they just come for Nigeria oil and nothing more.

Again speaks about now...and if you must go to the future..talk about stuff that are on ground...under construction. Otherwise 20 yrs ago Nigeria talked big about Eko City - and now it just one lonely skyscrapper.

Ethiopia - with Addis & Tanzania - with Dar - are definitely growing and will provide competition to Kenya & Nairobi. That I can't deny. But Kinshasa, Kampala, Lagos are dead as dodo.

Angola & Luanda can teach Nigeria how to use Oil money. Such a shame that country as barren as kenya with zero minerals can beat a giant like Nigeria.
keep quiet,the project is funded by big Nigerian banks that are among the top ten in the continent.

What has happened to your dream city and that tiny Monza not even worthy to compare with orange island lekki
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by samsobo24(m): 11:29am On Apr 12, 2018
rvp2017:
Plans are just that. GDP is not "eaten". First plan to collect some taxes and you may have the muscle to execute those plans. How can Nigeria ran on 28B usd budget? and Lagos with 3B?Nigeria GDP don't make sense to me or anybody else. I understand South Africa & Egypt GDP - those are solid gdp figures backed by empirical data. Whatever Nigeria stats office cooks as GDP- is pure VOODOO!!! Nobody believe its - not Nigeria - not foreign investors - you don't see them flocking to Nigeria like they do to Kenya & Nairobi - they just come for Nigeria oil and nothing more.

Again speaks about now...and if you must go to the future..talk about stuff that are on ground...under construction. Otherwise 20 yrs ago Nigeria talked big about Eko City - and now it just one lonely skyscrapper.

Ethiopia - with Addis & Tanzania - with Dar - are definitely growing and will provide competition to Kenya & Nairobi. That I can't deny. But Kinshasa, Kampala, Lagos are dead as dodo.

Angola & Luanda can teach Nigeria how to use Oil money. Such a shame that country as barren as kenya with zero minerals can beat a giant like Nigeria.
keep quiet,the project is funded by big Nigerian banks that are among the top ten in the continent.

What has happened to your dream city and that tiny konza not even worthy to compare with orange island lekki
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by samsobo24(m): 11:30am On Apr 12, 2018
rvp2017:
top in what
top companies on the continent
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp2017: 11:40am On Apr 12, 2018
Top in capitalization or Revenue or Profit or what...coz according to this reputable McKinsey report.Nigeria has 18 and Kenya 16 companies with revenues more than 500M usd? Where is the giant here - South Africa has 93 such companies - South Africa without any doubt is on another level.

https://www.mckinsey.com/~/media/McKinsey/Global%20Themes/Middle%20East%20and%20Africa/Realizing%20the%20potential%20of%20Africas%20economies/MGI-Lions-on-the-Move-2-Full-report-September-2016v2.ashx
samsobo24:
top companies on the continent

3 Likes

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp2017: 11:42am On Apr 12, 2018
If kenya merged it 45 banks to 18 banks like Nigeria did in 2010 or like South Africa's 4 - then we would have similarly have mega banks. Not that we don't have - some of the most profitable banks in Africa are in Kenya - Equity & KCB for one.

Nigeria merged banks is deluding you otherwise Kenya can ran so many circles around Nigeria in the financial and intermediation sectors - let not even talk about SACCOS where kenya led Africa or M-pesa (mobile payments). Or how do you think Kenya has grown without OIL smiley or Diamond or Gold - like most African countries.

Obviously Kenyan banks are not collapsing and there is no need to merge them.

samsobo24:
keep quiet,the project is funded by big Nigerian banks that are among the top ten in the continent.

What has happened to your dream city and that tiny konza not even worthy to compare with orange island lekki

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