nemesis8u:


That's a Mahindra Scorpio , previously somebody had said they r not available in Kenya

There are quite a few. Pick up trucks are more numerous.

TayserMahiri:


First of all, it doesnt make sense why you would go for Chad as an example of a low income country when we have one right in this thread by the name of Tanzania.
Secondly, your army of small scale farmers produces all that agricultural output using hoez to the extent of competing with nations that use revolutionary modern farming techniques Someone pointed that out. Maybe you use juju to match machines from Brazil and USA.
Thirdly, do you know S.A also has one of the largest slums in Africa? Do you still believe you are richer than SA like your fellow Nigerians?
Lastly, what do you mean by the suits we wear? Do you make suits or you import them? Is it that you visited Kenya and noticed everyone in a suit? Do you even wear suits? You are known for traditional Agbada so the last thing you should mention is suits.

I have nothing wrong with Kenya if it was richer than Nigeria. It costs me nothing. Truth is Nigeria's per capita income is higher.

Nigeria's agric sector is 20% of GDP and not 40%

Also, as earlier said, the farmers are subsistence farmers and consume a lot of whatb they produce.

Also, large amounts of food is produced not because of high productivity like you have in Brazil but rather due to the large number of subsistence farmers. This food is mostly consumed locally but large amounts are exported to neighbouring countries due to the weak state of the Naira vs the CFA which always maintains its value due to the fact that it is tied like a rock to the Euro by France at 500CFA to a Euro.

As earlier said, Nigeria's prime advantage is because of the oil sector.

If Tanzania had oil despite it was ran aground by Nyerere, it would be richer than Kenya.

Look at Angola or even Congo Brazzaville? They have benefited from liquid gold.

All Russia really has is it's massive oil production and look what is has done for the country? You keep discounting the role oil has played in the Nigerian economy and therefore keep getting it wrong

The argument falls flat because brazil has 10 times your land..so even if Brazil was to deploy nigeria high tech hoe subsistence farming..its gdp from agri would ten times nigreria.Of course we know brazil are kicking arse in tropics agri wise..make common wisdom that agri can only thrive in temperate countries a joke.Your gdp is not cooked.its an overcooked joke on nigerians.You should be complaining on why your gov is doing this to you...cooking growth on books while on reality youre suffering.You deserve way more global aid to combat poverty

grandstar:


I have nothing wrong with Kenya if it was richer than Nigeria. It costs me nothing. Truth is Nigeria's per capita income is hihjer.

Nigeria's agric sector is 20% of GDP and not 40%

Also, as earlier said, the farmers are subsistence farmers and consume a lot of whatb they produce.

Also, large amounts of food is produced not because of high productivity like you have in Brazil but rather due to the large number of subsistence farmers. This food is mostly consumed locally but large amounts are exported to neighbouring countries due to the weak state of the Naira vs the CFA which always maintains its value due to the fact that it is tied like a rock to the Euro by France at 500CFA to a Euro.

As earlier said, Nigeria's prime advantage is because of the oil sector.

If Tanzania had oil despite it was ran aground by Nyerere, it would be richer than Kenya.

Look at Angola or even Congo Brazzaville? They have benefited from liquid gold.

All Russia really has is it's massive oil production and look what is has done for the country? You keep discounting the role oil has been in the Nigerian economy and therefore keep getting it wrong

rvp2018:
The argument falls flat because brazil has 10 times your land..so even if Brazil was to deploy nigeria high tech hoe subsistence farming..its gdp from agri would ten times nigreria.Of course we know brazil are kicking arse in tropics agri wise..make common wisdom that agri can only thrive in temperate countries a joke.Your gdp is not cooked.its an overcooked joke on nigerians.You should be complaining on why your gov is doing this to you...cooking growth on books while on reality youre suffering.You deserve way more global aid to combat poverty

You're personalising this issue.

Nigeria does not need huge foriegn aid to combat poverty.

Nigeria barely collects 5% of GDP as tax. This is one of the poorest rates in the word.

If the Federal government could increase taz receipts by an extra 3% of GDP, it will have enough funds to carry out a lot of work.

Simply increasing VAT participation rates from 25 to 50% will increase government revenue by at least 0.5%. Ending wasteful fuel subsidies will free at least a trillion naira (about $3billion yearly)

Ending protectionist policies (There's a ban on importation of second cloths dating back to the 1970's) an d taxing it lightly will probably earn the government about $100m yearly.

There's so many avenues for government to raise cash.

Most importantly, the quality of spending needs to improve greatly and lending rates need to crash to single digits.

Were lending rates to crash to single digits, the economy will boom

I understand the fuel subsidy but vat of 50%..if you are 25%..then no wonder nothing work.our vat rate is 16%..Nigeria need to formalize its economy and it will start getting taxes.

grandstar:


You're personalising this issue.

Nigeria does not need huge foriegn aid to combat poverty.

Nigeria barely collects 5% of GDP as tax. This is one of the poorest rates in the word.

If the Federal government could increase taz receipts by an extra 3% of GDP, it will have enough funds to carry out a lot of work.

Simply increasing VAT participation rates from 25 to 50% will increase government revenue by at least 0.5%. Ending wasteful fuel subsidies will free at least a trillion naira (about $3billion yearly)

Ending protectionist policies (There's a ban on importation of second cloths dating back to the 1970's) an d taxing it lightly will probably earn the government about $100m yearly.

There's so many avenues for government to raise cash.

Most importantly, the quality of spending needs to improve greatly and lending rates need to crash to single digits.

Were lending rates to crash to single digits, the economy will boom

It appear you vat is 5% federal and 5% state..10%..which below kenya 16% or South Africa 15%...but with nearly no formal private sector..you aint going to collect nothing.

Illegal immigrants will go through hell this time...
0745-660-151

TayserMahiri:


Lolz! The easy meats. Everyone wants to be grouped with Tanzania and Nigeria because they cant beat anybody.

Never seen a lazier bunch than Tanzanians. Folks cant beat anybody in sports. At least the Nigerians kick in football and some other sports but these neighbors cant win a single match. Im sure they will go back to dar without a single win.

Just to point out, they lost to Zanzibar. It's pathetic!

rvp2018:
I understand the fuel subsidy but vat of 50%..if you are 25%..then no wonder nothing work.our vat rate is 16%..Nigeria need to formalize its economy and it will start getting taxes.

V.A.T rate is 5% but only 25% of the potential revenue is collected. If the rate of collection increases to 50%, then there'll be an increase in government revenue by 0.5% of the GDP at the very least. That's what I meant

grandstar:


I have nothing wrong with Kenya if it was richer than Nigeria. It costs me nothing. Truth is Nigeria's per capita income is higher.

Nigeria's agric sector is 20% of GDP and not 40%

Also, as earlier said, the farmers are subsistence farmers and consume a lot of whatb they produce.

Also, large amounts of food is produced not because of high productivity like you have in Brazil but rather due to the large number of subsistence farmers. This food is mostly consumed locally but large amounts are exported to neighbouring countries due to the weak state of the Naira vs the CFA which always maintains its value due to the fact that it is tied like a rock to the Euro by France at 500CFA to a Euro.

As earlier said, Nigeria's prime advantage is because of the oil sector.

If Tanzania had oil despite it was ran aground by Nyerere, it would be richer than Kenya.

Look at Angola or even Congo Brazzaville? They have benefited from liquid gold.

All Russia really has is it's massive oil production and look what is has done for the country? You keep discounting the role oil has played in the Nigerian economy and therefore keep getting it wrong

What they are trying to tell you is that your per capita is based on cooked GDP. Personally I have always held that Nigeria should never have rebased. This rebasing has caused you a lot of embarrassment because the figures dont match anything on the ground. You erred on the Oil in Tz part. Its impossible even with oil for them to be richer than Kenya.

gallivant:


Just to point out, they lost to Zanzibar. It's pathetic!

They lost to themselves !!! Cant get worse

EMPHASIS

grandstar:




If Tanzania had oil despite it was ran aground by Nyerere,

TayserMahiri:


What they are trying to tell you is that your per capita is based on cooked GDP. Personally I have always held that Nigeria should never have rebased. This rebasing has caused you a lot of embarrassment because the figures dont match anything on the ground. You erred on the Oil in Tz part. Its impossible even with oil for them to be richer than Kenya.

Check again, almost all oil producing nations in Africa( no matter their problems) have a bigger economy than Kenya, so why should Tanzania be different.
Just recently Nigerian vice president Osibanjo quoted some figures Nigeria realized from oil between 1999-2009, and it was a whooping 401Billion dollars, that is approximately 40 BILLION DOLLARS YEARLY, and this increased to more than 70 Billion dollars yearly in the following 5 years. Maybe you underestimate the role of the oil and gas sector in an economy.
Even then, Nigeria is more diversified than many think, just that the economy is way too informal.

TayserMahiri:


What they are trying to tell you is that your per capita is based on cooked GDP. Personally I have always held that Nigeria should never have rebased. This rebasing has caused you a lot of embarrassment because the figures dont match anything on the ground. You erred on the Oil in Tz part. Its impossible even with oil for them to be richer than Kenya.

Is this not kenya?

Daejoyoung:

Check again, almost all oil producing nations in Africa( no matter their problems) have a bigger economy than Kenya, so why should Tanzania be different.
Just recently Nigerian vice president Osibanjo quoted some figures Nigeria realized from oil between 1999-2009, and it was a whooping 401Billion dollars, that is approximately 40 BILLION DOLLARS YEARLY, and this increased to more than 70 Billion dollars yearly in the following 5 years. Maybe you underestimate the role of the oil and gas sector in an economy.
Even then, Nigeria is more diversified than many think, just that the economy is way too informal.

Tanzania should be different because they are Tanzania. If you notice your statement, ALMOST ALL, NOT ALL, oil producing nations in Africa have big GDP and Tanzania would fall in the category of those with smaller GDP. Tanzanians would still find a way to be poor despite their natural wealth

Actually your informal economy is as high as it is in Tanzania at around 65 % according to this study

https://www.imf.org/en/Publications/WP/Issues/2017/07/10/The-Informal-Economy-in-Sub-Saharan-Africa-Size-and-Determinants-45017

Kazikazi:
Is this not kenya?

How is that relevant? None of those pics you have stored in your phone as your all-time armor states that Tanzania is richer than Kenya.

Funny interaction between delegations of President Kinyarra and President Trump


https://www.youtube.com/watch?v=piimuW2nECY

The Bobi Wine of Tanzania is a woman, because the men are too terrified of the dictator to talk.


https://www.youtube.com/watch?v=zsVadse7LmU

Kazikazi:
Is this not kenya?

Shut up, you can't even beat Zanzibar in a volleyball game. What happened this time?

Daejoyoung:

Check again, almost all oil producing nations in Africa( no matter their problems) have a bigger economy than Kenya, so why should Tanzania be different.

Simple, it's fucking Tanzania. They are not good in anything.

rvp2018:
It appear you vat is 5% federal and 5% state..10%..which below kenya 16% or South Africa 15%...but with nearly no formal private sector..you aint going to collect nothing.

Wait, so u believe there's hardly a formal private sector in Nigeria? I believe around 60 percent of Nigeria's economy is informal... And Nigeria's economy is much bigger than Kenya's... So there's a substantial Nigerian formal sector to compete with Kenya and sometimes South Africa.. And again there are several formal companies(including foreign companies) in Nigeria that don't pay tax...

Nigeria just has to get serious about tax and it could easily have a budget in excess of $100 billion

Kazikazi:
Is this not kenya?

In Kenya, we often say Tanzania is 10 years behind us.
The more accurate number of years is twelve to thirteen years apparently.
How the Bleep do you quote stories from 2005 and 2006, when we had a different president, in his first term!,when I was in lower Primary school in 2018??
Or are stories about Kenya from 2005 and 2006 reaching Tanzania now??
And you wonder why we think you guys have sub par intelligence, shared culture notwithstanding

grandstar:
Kenya maybe better managed does not make it richer than Nigeria though.

Cameroon may have light 24/7 does not make it richer than Nigeria.

Rwanda may have a National carrier does not make it richer than Nigeria

Statistics still show that Nigeria's per capita income is still higher than Kenya.

Nigeria's case is like that of Malaysia and Taiwan.

Taiwan is much richer than Malaysia but not well run. They say in Asia if you want to sack a lazy employee and don't know how to go about it, simply say he is transferred to Taipei and he will quit immediately.

Despite all that, Taiwan is still much richer than Malaysia.

Lagos state on it's own has a GDP greater than that of the whole of Kenya.

I had a friend who spent 3 years in Kenya and admitted the place is more better organised that Nigeria. He still says Nigeria is richer

I also met a Kenyan lady (well cultured) who was in town for 2 weeks. Unfortunately, she did not go round

She had a few complaints about Nigeria especially the unfriendliness of Nigerians who were impatient because of her accent

We had to bail her out

Nigeria's per capita is inflated by oil.
A spot check shows that.
1.Nigerian civil servants are not even regularly paid.Is it not why Nigerians pay rent on a yearly basis while in Kenya it is monthly??
2.Kenyan civil servants and private sector workers are by far better paid than any Nigerian civil servant or private sector worker.
Case example, in 2018, an entry level Nigerian doctor is paid 170,000 Naira or 47 ,000 kenya shillings while mid level doctors are paid 250,000 Naira .
https://www.mysalaryscale.com/blog/medical-doctors-salaries-in-nigeria/
In Kenya,as of 2018, after a strike that lasted months, entry level doctors earn 260,000 shillings or 926,000 Naira. This excludes the emergency call allowance of between 60,000 to 80,000 shillings which is equivalent to what a mid level doctor in Nigeria earns.
https://www.businessdailyafrica.com/economy/Medical-interns-earn-Sh206-000-salary-deal/3946234-4003916-3q7nhoz/index.html
Kenya has a minimum wage much higher than Nigeria's and is enforced in all sectors except domestic work
Nigeria has a minimum wage of 18,000 Naira
Kenya's is 48,000 Naira or 13,572.
It actually varies though with Nairobi,Mombasa and Kisumu having a different and drastically higher minimum wage from the rest of the country and by profession.
https://africapay.org/kenya/salary/minimum-wages/
So, No.
While Kenyans are underpaid in some cases, the scale cannot be compared to Nigeria.Especially when you factor that Kenyan civil servants HAVE NOT been underpaid since 2003 while in Nigeria both the public and private sector grossly underpay workers.

Lionessza6:


LOL, don't be fooled. Malema is a paid actor . Many of the things he says are genuine concerns but the way he wants thing to go down are what should tell you he has funds to weaken the ANC, from where? And why ?. Malema is paid to district this process not help move us foward. Ask yourself why he would he be tornting the Zulu king knowing very much What that might lead to ?. Why is he telling his young followers to ignore the process we are in and the constitution and continue invading lands , knowing again that this could lead to worse bloodshed than the zim story. Malema reminds me of those idiots called Desmond Tutu, that house negro is owned by imperialists, he is no peace maker but a coon who is controlled to outside of south africa. And that idiot of cope, Lekota. I said I support land redistribution, but I don't support the land invasions encouraged by malema. Most South Africans agree that we should amend section 25 of the constitution, instead of doing things illegally and killing these Afrikaaners , I support the public engagements that are on going.


She has already lost some of her sponsorships , don't know about black coffee though. What pissed people off was their arrogance after the blacklash. Ofcourse she has visited Israel a lot of times with her Sandton jew Johns. The part she forgot was that she stayed in all the nice places in Tel Aviv not where Palestinians are found. For instance if you had visited central Johannesburg in the 70s in South Africa, you would have thought, all was well. The non whites were peaceful , because that was not their turf , they went there to work , and in the evening back to reality. That is why it took a long time for any outsiders to know what was up in South Africa, the visitors were carefully escorted to all the nice places and they saw nothing wrong. Now that she visited the other side and saw the reality of that place, she is singing a new tune, but is still careful not to piss off her Jewish friends . She said " I'm not against any Jewish people, but we really need to get the palestinian story out there " . Jews got her like...

Wow, I didn't look at it like that. I often wonder why malema has so many followers on the news yet he can't even win one city or municipality during voting time. Do you think he pays the followers ?? . I think the land issue is being handled maturely , I've been following the community engagements and it's impressive, to be honest I expected the zim reaction since you guys can be overly patriotic most times . I'm surprised that even the farmers have humbled themselves even with malemas threats .


Lol but I think it was not intentional, they made a mistake and should be forgiven. The death threats were unnecessary. Perhaps ,it was an opportunity for them to learn and teach other clueless South Africans about jews and Israel. Is she still welcome in the Indian community ? I would be scared to go there after that if I were her . I hear blacks aren't going to black coffee gigs . ? . Really?

blackboys:
as much as i agree that s.a is way ahead of other african nations still u guyz have one of the largest wealth gap in the world plus i dont know if its true that there are 50 murders a day way larger than china which has over a billion people.now thats real killings.no pun intended

I don't see much of this gap in reality , but perhaps I don't know South Africa that well since am a visitor myself. But from what I get from it on the news, it's more about the CEOs and the minimum wage earners , there is way bigger space inbetween. Lol, do you really believe that South Africa would have that many murders than China, come on don't be gullible now. Remember China is not a democratic country and wouldn't go around publishing rubbish about themselves, South Africa on the other hand is the America of Africa. I know my compatriots will curse for saying this , but which other African country is as attractive as South Africa to African immigrants and those from South Asia in the continent?. . Like in America you will have local gangs defending their turf to foreign ones , and you will have foreigners killing each other, like Zimbabweans/Congolese and their hate for Nigerians, or pakistanians and their hate for Nigerians etc. And you will have Nigerians killing each other , and I've been telling people back home that it's not South Africans killing us daily , we are doing that ourselves, even our ambassador to South Africa reported this to the fg, that's why our government does absolutely nothing when one of our own dies here , they know that there is a 99% chance that it's nigerian against nigerian crime. Ever wonder why tourists choose SA over any country in the continent even with all the crimes ? I think they read that most of the crimes here are occur between people that know each other , there is no random killing of people. Like in America, if you are not gang affiliated or involved in any crime , you will live in peace , but if you are into shady deals , your days are numbered lol.

From the data I have seen - Nigeria informal economy is around 64/65/70%(charterhouse,imf, nbs-yemi kale) OF GDP - which is nearly twice the sub-saharan africa average of around 30% - or what is expected of a developing nation (around 40%) or country in transition around 35% like Kenya(34%).

The likes of south africa,mauritus, botswana and namibia which are middle class countries have informal sector of 10-20%. South Africa informal sector is 8% of GDP and it employs 27% of her labour. Kenya's 34% of GDP and it employ 75% of our labour. Nigeria's 65% of GDP possibly employing 95%?? of her labour.

Now if you take 65% of 320B (let's take Yemi Kale cooked GDP at it' very highest) - you're talking 200B dollar economy that is informal and hard to tax. What remains is 120B economy with half of it oil (oil industry is already over-taxed!!) - leaving a nigeria formal sector of around 60B dollars - now slice that 60B into public formal (federal+state) and private formal - and you're talking PRIVATE FORMAL ECONOMY OF 30B dollars - which explain why you taxes you collect are about the same as Kenya. I bet that formal private sector is probably telcoms MTN & your banks : & insurances) and few companies in between owned by Dangote.

In conclusion there is very little wriggle room for Nigeria to grow it's revenue when it has a weirdly large (read GDP is cooked or economy is messed up like TZ - a former communist state with very tiny private sector) informal sector. Normally you'd expect informal sector of around 30-40% for developing economy at Nigeria stage but employing at least 70% (like in Kenya). Informal sector in Kenya is the main employer but it's contribution to GDP is 34% (from lows of 20% in 90s)...and we are working on formalizing our economy....with great help from M-pesa(mobile money). In retail & wholesaling - we are already second to south africa in formal trade (through super-markets & malls) at around 30% of people shopping in supermarkets rather than small corner shops - we are also formalizing transport sector - turning our dafno/matatus into co-operatives. The same is through for many small holder farming - I can go on and on - but we are making tremendous progress to move our informal sector from 34% to something like 20%.

Tax wise - you need to do lots of stuff - but first I'd say let mobile banking thrive - and you can be able to tax it. VAT/Sale tax - where are the ETR (electronic registers) that are complusory in Kenya for example.

IN SHORT NIGERIA IS SIMPLY TANZANIA OR DRC - MINERALS, SMALL PRIVATE SECTOR AND REST OF THE COUNTRY JUST GROWING TUBERS.

nwoke37:

Wait, so u believe there's hardly a formal private sector in Nigeria? I believe around 60 percent of Nigeria's economy is informal... And Nigeria's economy is much bigger than Kenya's... So there's a substantial Nigerian formal sector to compete with Kenya and sometimes South Africa.. And again there are several formal companies(including foreign companies) in Nigeria that don't pay tax...

Nigeria just has to get serious about tax and it could easily have a budget in excess of $100 billion

nwoke37:


Wait, so u believe there's hardly a formal private sector in Nigeria? I believe around 60 percent of Nigeria's economy is informal... And Nigeria's economy is much bigger than Kenya's... So there's a substantial Nigerian formal sector to compete with Kenya and sometimes South Africa.. And again there are several formal companies(including foreign companies) in Nigeria that don't pay tax...

Nigeria just has to get serious about tax and it could easily have a budget in excess of $100 billion

Sincerely speaking from an open mind, Nigeria has a very huge potential. Imagine if the Tax regime was formalized and actively used as a source of domestic revenue channel, the results are just mind boggling and a game changer to the ailing Nigerian economy. Over dependency on direct oil revenue is the reason why the Nigerian GDP has stagnated, if oil was to loose its commercial viability then traditional revenue sources and alternatives would have to be adopted. The Kenyan economy deeply depends on tax avenues that can sustain it without over dependence on natural resources but viable commodity resource collection. Imagine a population of 180m in Nigeria and a tax regime of 16% is implied on all commodities, that would be the turning point for Nigerian economy.

Easier said. Here is Nigeria tax regime. VAT is already 10% - so moving it 16% - will probably add a billions dollars. PAYE is already 7%- 24%(max) - very little headroom there - and Corporate tax is already 24-30%. And there is a lot of double taxation - with federal and state allowed to levy taxes.

PAYE - which account for nearly 60% of kenyan taxes - look like this.

Kenya Monthly Bands of Taxable Income (KES) Tax Rate
0 – 12,298 10%
On the next 11,587 15%
On the next 11,587 20%
On the next 11,587 25%
Over 47,059 30%
Personal Relief: KES 1,408.00 per month
Minimum Taxable Income: KES 13,486.00 per month

And Nigeria (annual - divided by 12 and convert to Kshs - you'll see kenya tax regime is even lower)

Taxable Income Cumulative Taxable Income New Tax Rates
Up to 300,000.00 300,000.00 7%
300,000.00 600,000.00 11%
500,000.00 1,100,000.00 15%
500,000.00 1,600,000.00 19%
1,600,000.00 3,200,000.00 21%
Over 1,600,000.00 24%


In Nigeria you start paying taxes if you're earning 70 dollars per month - while in Kenya - it starts around 135 dollars per month- give and take the reliefs offered.

Kenyanstar:

Sincerely speaking from an open mind, Nigeria has a very huge potential. Imagine if the Tax regime was formalized and actively used as a source of domestic revenue channel, the results are just mind boggling and a game changer to the ailing Nigerian economy. Over dependency on direct oil revenue is the reason why the Nigerian GDP has stagnated, if oil was to loose its commercial viability then traditional revenue sources and alternatives would have to be adopted. The Kenyan economy deeply depends on tax avenues that can sustain it without over dependence on natural resources but viable commodity resource collection. Imagine a population of 180m in Nigeria and a tax regime of 16% is implied on all commodities, that would be the turning point for Nigerian economy.

After describing Nigeria Bubu's as lifeless - Trump invited Kenyan president Uhuru to White house

https://www.youtube.com/watch?v=c6sYgykXQio

obaaderemi:
Your government is corrupt,Kofi.No African country is free of that menace. What killed your airline?; D.On health aid, The donors manage their money well.That makes it hard for anyone to steal it.And yes,polio has been curtailed in Nigeria.

USAID GIVES NIGERIA $26.5 MILLION TO SUPPORT GOOD GOVERNANCE
https://dotunroy.com/2018/08/28/usaid-gives-nigeria-26-5-million-to-support-good-governance/

You're a disgrace to ur parents for wasting their money on your education

Nairobi's six AVIC (one of china biggest companies) towers already 40 floors -Nairobi Global Centers.