obaaderemi:
A Nigerian bank is already the 19th biggest bank in Kenya out of your 43 miserable mom and pop banks. But don't worry, we are in Kenya for the long haul. In the next ten years Gtbank will be among your top 5 banks in Kenya.

254tobby:


Hahaha

68816419:


well, we keep repeating to you fools that Nigeria budgeting system damn different from that of any country in Africa, Nigeria is no Kenya's mate in Most aspects.
Twenty states (OUT OF 37 STATES) that have so far presented their 2018 budgets are proposing to spend a total sum of N6.1 trillion (around 20B$) + Federal government Budgets
Twenty states that have so far presented their 2018 budgets are proposing to spend a total sum of N6.1 trillion.

When the remaining 16 states present theirs, the proposed total expenditure by all the states would definitely be higher than the Federal Government’s N8.6 trillion budget.

The budgets of Cross River and Lagos states account for 38 percent of this N6.1 trillion, as they are the first states in the country’s history to hit a trillion threshold in the annual budget.

The concern in this seeming competition among the states to present higher budget is how they will get the money to fully implement their budgets, knowing their revenues either come from federation account allocation or internally generated revenue (IGR).

As of October, the combined total allocation to all the states from the federation account was N1.4 trillion, higher than the N1.3 trillion of 2016. The average allocation to a state this year is N38 billion while last year’s was N36 billion.

NOTE: The funding for this budgets usually comes from Internal generated Revenue or from international lenders
N14. 91 billion
Here is the breakdown of 2017 IGR across the states
Adamawa N6.20 billion

Akwa Ibom 15. 95 billion

Anambra 17. 36 billion

Bauchi N4. 36 billion

Bayelsa N12.52 billion

Benue N12. 39 billion

Borno N4.98 billion

Cross Rover N18.10 billion

Delta N51.88 billion

Ebonyi N5.10 billion

Edo N25.34 billion

Ekiti N4.96 billion

Enugu N22.03 billion

Gombe N5.27 billion

Jigawa N6.65 billion

Imo N6.85 billion

Kaduna N26.53 billion

Kano N42.41 billion

Katsina N6.02 billion

Kebbi N4.39 billion

Kogi N11.24 billion

Kwara N19.63 billion

Lagos N333.96 billion

Nasarawa N6.17 billion

Niger N6.51 billion

Ogun 74.83 billion

Ondo N10.92 billion

Osun N6.48 billion

Oyo N22.44 billion

Plateau N10.78 billion

Rivers N89.48 billion

Sokoto N9.01 billion

Taraba N5.76 billion

Yobe N3.59 billion

Zamfara N6.02 billion

you better understand it by going to this link below
http://yourbudgit.com/data/state/
Now do the calculation your self
9.6Trillion Naira (25,000,002,000.00 US Dollar) + Federal Government = ?

68816419:

HERE IS THE MAGICS
Guy u are damn sick , how could u compare Kenya a country that produces just 360K metric tonnes of rice(worth 200M usd) with Nigeria a country that produces 3.7 million tons of rice(N684 billion ($1.9 billion)? guy are you running mad or something
Nigeria among 16 top rice producers=Index Mundi (Mind you , this was December 2017 data)
https://newtelegraphonline.com/2018/02/nigeria-among-16-top-rice-producers/
Nigeria is currently second 2nd highest ranked Country behind USA in Sorghum, 4th in the world in Millet, Number one (1) in the world in cassava production ,Number 2 in the world in Ginger production , also number 2 in the world in Sweet potato and Okra production,Number 4th in the world in Goat production,Number 2 In the world in Cashew nut production, Number one in the world in Sheanut production, number 4 in the world in Peanut production .4th in Cocoa,

http://www.fao.org/faostat/en/#data/QC/visualize
http://www.fao.org/faostat/en/#data/QL/visualize
http://faostat3.fao.org/browse/rankings/countries_by_commodity/E
http://faostat3.fao.org/browse/Q/QL/E

obaaderemi:
Stop lying boy. ATMs are still popular in Kenya and Inter switch a Nigerian company is raking in money from you Kenyans. In fact, as at last year 12 of your biggest banks signed on with inter switch. Here is KCB your biggest bank boasting of it's ATMs

https://ke.kcbgroup.com/deposit-cash-at-an-atm

rvp20182:
I guess we can't blame you. Poor education mean you can't even do the basic mathematics.

Let try Total Nigeria budget = Total federal budget + Internal Generated Revenue (excl federal allocation) in 36 states ( or You can also try federal budget+state budget - federal allocation).

Total federal budget = $29B
Total state allocation (N9.5 trillion Naira - remove the federal allocation - otherwise you'll be double counting) - I think you get left with 8-9B dollars
Total =29+8=$37B

Kenya = Total budget for 2018/2019 (30B with 3B being county allocation +1-2B which counties will generate) =$32B

It either basic maths is the problem or the valueless Naira is deluding you. The thing is worth 4 Kshs.

Mr. Onyekpere criticised the entire budget outlay, arguing that although the total N8.612 trillion “appears high in Naira terms,” it actually amounted to a “paltry $28.24 billion.”

Nigeria economy is supposed to be the biggest in Africa. But, we are the lowest, both in per capita budget figures and in absolute terms. Nigeria is in the middle among South Africa, Algeria, Egypt and Angola.

“This year, South Africa is budgeting about $116 billion, against Nigeria’s $23 billion, despite being the highest appropriation ever. Angola is doing $124 billion; Algeria $53 billion and Egypt $40 billion.

The question to ask - is WHY IS ANGOLA spending 124B dollars - while Nigeria who are top 10 petrol oil sellers in the world are doing 28B - What is WRONG WITH YOU GUYS. You mean all that oil is just siphoned off? You let shell steal the whole of it? I mean you guys don't even know the offshore oil where it goes

WHAT IS WRONG WITH NIGERIA?

https://www.premiumtimesng.com/news/top-news/249059-2018-nigerias-biggest-budget-yet-meagre-compared-angola-south-africas.html

68816419:

Nigga, sates budgets 9.6Trillion Naira (25,000,002,000.00 US Dollar) + Federal Government 8.612 trillion naira ($28.16 billion) = Total budgets $59Billions ...get it now !

rvp20182:
I'd love you to add them up to 100-150B dollars. Your biggest rice - there goes for 2B dollars. You have more than 100B dollars. Just give us the market price of Sorghum, Millet and all that.

68816419:


Are you saying Kenya is ahead of Nigeria in Rice production, or even in most agricultural produces ?

rvp20182:
I can help you with simple google - here is credible data,

wheat, rice, corn and sorghum is set at about --16.3 million tons! - from USDA - US Agri dept who knows their stuff.
https://oryza.com/tags/nigeria-rice-production-11

I think that pretty much your agriculture don't you agree!

I am going to give a best guestimate of 200-300 dollars per tonne for that (It should be 150dollars ) but let me double it.
250*16.3 million tonnes =4 B dollars!!!!!!!!!

Your cereal production GDP is mere 4 B dollars!!!!!!!!!!!!!!!!!!

What else do you have tubers...cassava, yam, sweat potato & ?

And we can add ground nuts, cashew nuts, cocoa, kola nuts...and we should be pretty much done.

OKay we will add some few fulani beef and milk


I doubt you'll even reach 20B dollars like Kenya. It's obvious your AGRI sector is crap compared to Kenya.

You inflated your GDP 10 times!!!!!!!!!!!!!!!!!!!!

rvp20182:
Jollof rice - I haven checked - so I am going to first give you the benefit of doubt. I am just saying even US with all it's agriculture and it's productivity (MONSANTO & GMOS), BRAZIL and RUSSIA - all the big boys - don not claim to make 150-200B dollars from agriculture.

So yeah let's say you produce 2B dollars worth of rice - next - I know maize is about twice ours ( so I give you another 2B dollars) - You're now about 4B dollars.....I want you to get the tonnes produced for millet, sorguhm , name them and the market prices - all in dollars.

And we can have an intellectual argument here. Our agriculture is 20B dollars...I laid down the figures. Do the same. Let see Nigeria the agricultural giant nobody knew about shine

freshest4live:

The question is.. Are you saying Kenya is ahead of Nigeria in agricultural production, pls do not tell me you actually believe that.
Nigeria is first in Africas farm output and sixth largest in the world with cocoa being the second largest source of revenue after oil. Even your google and wikepedia should have told you so. Dragging NIgeria to your level on this is an insult, I Would rather you compete with only Taraba state on this, not even Benue.

freshest4live:

The question is.. Are you saying Kenya is ahead of Nigeria in agricultural production, pls do not tell me you actually believe that.
Nigeria is first in Africas farm output and sixth largest in the world with cocoa being the second largest source of revenue after oil. Even your google and wikepedia should have told you so. Dragging NIgeria to your level on this is an insult, I Would rather you compete with only Taraba state on this, not even Benue.

rvp20182:
Nigeria agricluture collapsed the same day Oil was discovered. Yeah Nigeria is about twice Kenya in land size and has about 40% of it's land arable compared to 10% of kenya ( Israel has very little land) but I just don't see how Nigeria agriculture is bigger than Kenya.

Lets do the maths.

freshest4live:

The problem is that you take every criticism you read on Nigeria to be hundred percent. When Nigerians criticize the Government saying agriculture died completely the moment oil was discovered, it does not translate to a zero agricultural activity. In the last era, Akinwumi Adesina led a revival in the agricultural sector and is now doing same for Africa as president of the AFDB.
I do not have time to dig out facts for you, but since you love to googlr, you can spend the whole day educating yourself on agriculture in Nigeria, you can even start from wikepedia if you want. I used to think Brazillians should be the ones trying to belittle Nigeria on this, not Kenya for godsake.

rvp20182:
Agri - farming, fishing, livestock+forestry.

Okay let's try South Africa. Example of GDP that is not cooked. GDP 350B - Agri is 2.5% - that less than 10B dollars for Agri.

US 18 trillion - Agri is mere 180B.

Nigeria (400B now - sometimes 500 plus billion ) - share of agri 25%(seen 40% too) - it's agri is worth 100B - at worst - and 150B - at best - Just slightly bellow the UNITED STATE OF AMERICA

Kenya - a well known agri giant - GDP (88B) - Agri - 20B (23% share).

Now shows us this 100B dollars....even put you all your cereal production 10 times --- what it is - and you'll still not get to 50B dollars

rvp20182:
Yeah I was mistaken. Your agriculture is truly admirable. You shouldn't change nothing. I mean if you can produce 150 billion dollars worth of agriculture - the whole world just don't realize how GREAT your agriculture is. JESUS chrsit...you guys are really thick!

freshest4live:

How is a Kenya a well known agri giant, all through my searches online I have never seen Kenya listed as a dominant producer of anything on any agricultural list in the world.

freshest4live:

It is not admirable, it is 18 percent of a 400 billion dollar gdp, so not more than 80billion dollars probably, but the problem I have is you comparing it to that of small kenya.

rvp20182:
Maybe something is wrong with your eyes! Have an ophthalmologist check them out

jason14:
u don't have sense I swear

freshest4live:

How is Kenya a well known agri giant, all through my searches online I have never seen Kenya listed as a dominant producer of anything on any agricultural list in the world.

rvp20182:
I am sure you'll now be happier if your GDP was 320B (when the real exchange is used). Trust me but there is no way Nigeria Agri is bigger than Kenya or South Africa - I'd put you total agri GDP at less than 10B dollars. Just proof me wrong by bringing the quantities of all the agri produces and we can get international prices easily.

It insane to even imagine it can be compared to Brazil. Or that at you apex - your had nearly same Agri with US of A

You guys are basically NET IMPORTER OF FOOD - you import tonnes of wheat, rice, sugar, tomato paste, milk powder, name it.

You economy is simple. Sell OIL. Import Food. And that is why to get out of it you guys are thinking of re-starting your long collapsed agriculture.

obaaderemi:
Kenya that can't produce enough corn despite being a GREAT agricultural country. And to think corn is their number one staple.
https://www.nation.co.ke/business/Outcry-as-Uganda-maize-floods-local-market-/996-4254214-lge1op/index.html