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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) (6261425 Views)
Am I The Only One Whos Tired Of This Kenya Is Ahead Thread / Femi Adesina: "I Don't Lie, No Matter What"; Nigerians React / Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode (2) (3) (4)
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 1:05pm On Sep 05, 2018 |
NairobiWalker: Most nigerian women are illiterate even the ones in the university. Another think with nigerian women Their mouths are too loud. And also their kids have no discipline |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Kur17: 1:24pm On Sep 05, 2018 |
K. 2 Likes 1 Share
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by obaaderemi: 1:25pm On Sep 05, 2018 |
Yandl:https://www.reuters.com/article/brazil-agriculture/brazil-agriculture-agribusiness-contributed-23-5-pct-to-gdp-in-2017-cna-idUSE6N1ND008 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Kur17: 1:28pm On Sep 05, 2018 |
Nai
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Kur17: 1:44pm On Sep 05, 2018 |
Kazikazi: Your new port and railway will be ready after 90years ...meanwhile Lamu Port(LAPSSET) phase one will be ready by Jan 2019
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 2:06pm On Sep 05, 2018 |
kikuyu1: I have told you that nigeria does not have the economy there is no economy in the country. A lot of nigerians money is kept outside the country so how can nigeria have the economy On the Path to Sustainable Economic Growth Experts say there is urgent need for comprehensive and coherent policies to address vulnerabilities in the Nigerian economy, report Ndubuisi Francis, Obinna Chima and Nume Ekeghe Despite Nigeria’s exit from the economic recession it went into about two years ago, the country still faces a major challenge about how to engender inclusive and sustainable growth. The country’s exit from recession was driven mainly by an increase in crude oil prices as well its production capacity. Nigeria’s foreign exchange (FX) reserves have risen to $47.3 billion as of April 5. The last time the country recorded FX reserves at this level was in July 2013. Accretion of the country’s reserves in recent months have been driven by its successful Eurobond offerings, coupled with higher oil production and prices ‘Resource Curse’ But recent disclosure by the National Population Commission that the country’s population currently stands at 198 million, with a large number of its citizens living below the poverty line, calls for concern. With crude oil production capacity of about 2.5 million barrels per day, Nigeria ranks as Africa’s largest producer of oil and the sixth largest oil producing country in the world. The country is also the largest economy in Africa. However, regardless of its abundant resources, the country continues to face a myriad of problems. Nigeria has also found it difficult to convert its unique advantages into economic and social benefits for majority of its citizens. In fact, Nigeria has been described as a prime example of resource curse, a situation where wealth from natural resources leads to poor economic growth and development and an increased likelihood of civil and ethnic tension. Even though almost 90 per cent of Nigeria’s earnings are tied to oil, a recent report by the World Poverty Clock revealed that Nigeria had overtaken India as the poverty capital of the world. That is, the country has the greatest number of persons who live in extreme poverty, which is to say those that live on less than the equivalent $1.90 (N600) per day. According to the African Development Bank, 152 million Nigerians, in an overall population of about 190 million, meet the criteria of absolute poverty. In addition, youth unemployment in the country is close to 80 per cent, which has resulted in increased levels of ethnic and religious unrest in the country. Poor Infrastructure More worrisome is the fact that power supply, which is a major growth enabler, has remained insufficient and continues to make efficient business operations in the country extremely difficult, thereby stifling economic growth. Although power generation capacity from the grid has peaked at about 7,000 megawatts (MW), distribution capacity is still around 5,000MW. The federal government currently estimates national energy demand at 22,230 MW. Just like the power sector, the situation in other sectors, such as education, health, and sports, is not different. These challenges have over the years prevented the country from achieving inclusive growth and experts have stressed that Nigeria can only achieve prosperity when government fashions out appropriate policies to address them. This was the main focus of experts at the just concluded 25th seminar for financial journalists, organised by the Central Bank of Nigeria (CBN). Vigilance According to CBN Governor Godwin Emefiele, there is need for policy makers to be more vigilant to ensure the country does not slip again into a recession. Represented by the new Deputy Governor, Corporate Services, Mr. Edward Adamu, Emefiele was optimistic that inflationary pressures would continue to ease, and might return to very low double digit or high single digit levels during the year. He stressed the need for the intensification of the strong policy coordination, collaboration and cooperation that flourished during the very difficult times. According to him, to sustain economic recovery and ensure inclusive growth, there is need for robust policy coordination between the key aspects of the economic policymaking space. “This would include fiscal, monetary, exchange, and trade policies, which must be targeted at protecting farmers to boost agricultural output, support local companies and enhance manufacturing and industrial capacities, with a view to diversifying the economy away from oil and fossil fuels,†Emefiele stated. “Those of us who have been entrusted with leadership and policymaking responsibilities must neither become complacent nor over-confident. We must strive to improve and sustain the same policies that have gotten us this far.†Emefiele reiterated that the CBN had been able to ensure exchange rate stability from over N525 to a dollar in February 2017, to about N360 to the dollar. Foreign exchange supply has also improved since the establishment of the Investors’ and Exporters’ Window, with autonomous inflows of over $20 billion through this window alone from April 2017 to date, he said. According to the CBN governor, “As sentiments improve on the macro economy and supported by proactive monetary, trade, industrial and fiscal policies, we expect a continued uptick in GDP growth with a positive spill over to improved employment rate. “As policies to strengthen the agriculture and industrial sectors become more emergent, growth in these sectors will rise, further bolstering overall economy. As we entrench and sustain the transparency in the FX market, as FX reserves accretion continues, and market confidence and improved sentiments remain, we expect that the exchange rate will not only be stable but would begin to appreciate against major currencies. “The adverse competitiveness outcome, which such appreciation may entail, would be adequately mitigated by proactive policies to ensure that our balance of payments position is not undermined. “For one, our import bill may have fallen but our manufacturing and agriculture sectors still have a long way to go if we must attain self-sufficiency in those sectors. “We must not be quick to discard the restrictive measures which aided our recovery simply because the metrics have improved. “At the CBN, we will continue to fine-tune our policies and strategies based on our understanding of evolving developments and supported by in-house technical analysis and simulations. We will remain proactive in ensuring that the welfare of Nigerians is optimised at any point in time.†Emefiele pointed out that at the last Monetary Policy Committee (MPC) meeting, the CBN had “signalled that we will sustain the tight policies that have helped rein-in inflationary pressuresâ€. This, according to him, was the reason members of the committee decided to keep the Monetary Policy Rate (MPR) at 14 per cent. “We will also continue the transparency that has attracted inflows of FX into the country while keeping FX supply to the market adequate,†he said. Sustainable Growth Director, Monetary Policy Department, CBN, Mr. Moses Tule, said the apex bank had undertaken several development finance initiatives as part of its drive towards ensuring sustainable growth. Tule said a key project here was the Anchor Borrowers’ Programme (ABP), which financed rice production. He explained that rice importation was one of the key foreign exchange drainers that the CBN identified. “So, we financed the domestic production of rice in order to lower the cost of importing rice, create employment for domestic agents locally and to reduce the price you and I purchase in the market,†Tule, who was represented by a Principal Economist in the Monetary Policy Department, CBN, Dr. Godfrey Uzowanne, said. He stressed the need for the government to embrace a savings culture. “We need, as a matter of fact, to save today, so that we can always have something to fall back on to reverse that downward trend to avoid revert back to recession.†Tule said there was need for the federal government to ensure that it fully implemented the Economic Recovery and Growth Plan (ERGP) to drive sustainable growth. “Monetary policy is an important tool of macro-economic management. It, however, has some limitations because it depends on fiscal policies, business confidence, and public expectation to manifest as expected,†he explained. On his part, Acting Director, Infrastructure Concession Regulatory Commission (ICRC), Engr. Chidi Izuwah, stressed the importance of Public Private Partnership (PPP) to drive sustainable growth in any economy. Izuwah, who was represented by Director, Planning and Research Department at the ICRC, Dr. Chiedu Ndubisi, said, “PPPs are not the only solution to addressing infrastructure in Nigeria, but they become relevant because the government does not have money. “If you compare Nigeria’s budget and the portion of it that is related to infrastructure and our infrastructure needs, it only comes to about two per cent. So, what it means we have to look at the growth of PPPs.†He noted that despite its potential and endowments, the Nigerian economy had not been able to climb out of its dependence on oil. According to Izuwah, “We have been trying but we still haven’t gotten there. The poor infrastructure has restricted the economy and also reduced our competitiveness. “PPPs have a lot of advantages. If you get the private sector to bring out its money, it would ensure that it finishes its projects in good time to earn money. That characteristic of PPP makes it ideal for infrastructure development, especially, in developing countries. “Any government that is keen on efficiency would adopt PPP. In Nigeria, there is already a framework for the development of PPPs.†In his own contribution, Head of Banking and Finance Department Nasarawa State University, Keffi, Professor Uche Uwaleke, said fiscal discipline was essential for Nigeria. “The summary is that we have exited recession, technically speaking, but vulnerabilities till remain in most areas,†Uwaleke said. “Yes, we have higher oil prices and outputs and new foreign exchange ventures, in particular, the I and E window of the CBN, tight monetary policy and the CBN intervention in agriculture has contributed to stability in the forex market, improved capital inflow, increased forex reserves, which has gone beyond $47 billion and higher stocks prices relating to where we were in 2016.†He added, “However, in spite of all these positive macroeconomic indicators, we have not been able to reduce unemployment. Unemployment is as high as 28 per cent. If you combine 18 per cent unemployment and underemployment rate it is as high as 40 per cent. That is why we need to have fiscal discipline.†Directors of the International Monetary Fund (IMF) recently emphasised the need for the Nigerian government to pursue growth‑friendly fiscal adjustment, saying it would help frontload non-oil revenue mobilisation and rationalise current expenditure in the country. According to them, this is necessary to reduce Nigeria’s ratio of interest payments to revenue to a more sustainable level and create space for priority social and infrastructure spending. The fund’s directors had proffered the advice in its latest Article IV Consultation with Nigeria. “The implementation of an automatic fuel price‑setting mechanism, sound cash and debt management, improved transparency in the oil sector, increased monitoring of the fiscal position of state and local governments, and substantially scaled-up social safety nets should support the adjustment,†the IMF stated. The IMF directors welcomed Nigeria’s exit from recession and the strong recovery in foreign exchange reserves, helped by rising oil prices and new foreign exchange measures. The preponderance of opinion is that Nigeria needs to articulate broad policies that would stimulate productivity, create employment, increase incomes, and facilitate growth. Time would tell how far the current economic policies can go in this regard.  https://www.thisdaylive.com/index.php/2018/04/15/on-the-path-to-sustainable-economic-growth/?amp&nonamp=1 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by jaycent(m): 2:08pm On Sep 05, 2018 |
TayserMahiri:Tahsha I told you Nigerians has no chill. Just look hahahahahaha
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by jaycent(m): 2:12pm On Sep 05, 2018 |
TayserMahiri:Hahahahahahahaha don't fvck with Nigerians, they have no chill. Just look again hehehehe. 1 Like
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 2:21pm On Sep 05, 2018 |
rvp2018: Nigeria does not have an economy |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by jaycent(m): 2:25pm On Sep 05, 2018 |
TayserMahiri:Tasha you're sick. Kenyans can't even stand Ghanaians in e war is Nigerians hahahaha.come and save your people oh. 1 Like
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 2:31pm On Sep 05, 2018 |
Nowenuse: Empty vessel
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by jaycent(m): 2:38pm On Sep 05, 2018 |
Hahahahaha Nigerians has no chill please. 1 Like
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by jaycent(m): 2:40pm On Sep 05, 2018 |
Naija please oooo. 1 Like
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by 68816419: 2:43pm On Sep 05, 2018 |
Kur17: Aint Kenya tired of recycling same angels of CBD Pictures? Lagos pictures (Main land ) IKEJA Ikeja distance from Victoria island 51 min (31.5 km) via Expressway/E1 2 Likes
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 2:43pm On Sep 05, 2018 |
Leroy19: What do you expect from illiterate they do not think about developing a country. The only thing they can do is fight other african countries while they are in poverty |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by jaycent(m): 2:46pm On Sep 05, 2018 |
Naijas please mercy for them hahahahaha. lemme come and be going. More coming later 1 Like
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by gallivant: 3:04pm On Sep 05, 2018 |
Kazikazi: Is this how you promote Tanzania? Will this reduce poverty and malnutrition in Tanzania? Can't you see you have lost psychologically. It must be sad to be a Tanzanian. |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 3:04pm On Sep 05, 2018 |
Yandl: You are stupid .nigeria is 130 country in the world investment. So where are the companies or industries is it the which packed up to ghana. Nigeria is 89 country in the world to live in. Keep on telling yourself big lies. There is zero investment in nigeria.3 weeks ago sunday punch the head of manufacturing council of nigeria say 71% of nigerians opening factories opening it in other countries. nigerians are running to other african countries to do prostitution and crime. So keep on fooling yourself. 2 Likes 1 Share |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by gallivant: 3:06pm On Sep 05, 2018 |
jaycent: Facebook is keeping you going, morsels... |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 3:11pm On Sep 05, 2018 |
jaycent: You are sick ghanaians will never support nigeria 1 Like
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Kur17: 3:20pm On Sep 05, 2018 |
68816419:You rarely want to show your CBD for reasons only Nigerians know... Thika Rd 50km, 12lanes
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 3:28pm On Sep 05, 2018 |
TayserMahiri: please how can idiot be useful because here in nigeria there are a lot of idiots |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 3:33pm On Sep 05, 2018 |
TayserMahiri: He is not the only zimbabwe that nigerians believe that he is a kenya. There are also some on this thread. I know there shona accent |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp2018: 4:02pm On Sep 05, 2018 |
Yemi Kael poodle, I know you're obtuse and like a typical nigeria proudly so. Yes I think you're nearly there - I am gald you know ISIC - so what is Brazil GDP contribution from Agriculture - is it 5% or 23%. Let me help break it down for you. Nigeria produce a lot of sorghum (agricluture) - that is used to produces hectolitres of beer (food processing - manufacturing ). So when measuring GDP - We count the first part of Sorghum as Agricluture and 2nd part as Manufacturing. The entire sorghum value chain can still be proudly classified as AGRICULTURE (all though there is a lot of manufacturing & related value chain). Brazil agriculture is 5% of it's GDP using whichever ISIC you like. When the industry is considered (value chain) then it grows to 20% (approximately). Nigeria if we take yemi kale stew is anything around 20% - and industry wise (including say food processing) is 40% of it's GDP. Brazil GDP from Agri has never been 20% the last 60yrs!!! I think in 60s - it was around 15%. The precise figure for 2017 is 4.6% of its's GDP. Yandl: 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by comfortmusa: 4:05pm On Sep 05, 2018 |
We are lagging behind the rest of Africa on every issues and i am not surprised because we have an achieve less leader. He is frequently ill and unfit to rule. Let's invest our energy on the bigger picture here which is the 2019 election instead of insulting each other on social media. TonyeBarcanista: |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp2018: 4:09pm On Sep 05, 2018 |
Read the article - Agri-business - Brazil with it;s world class agricluture - still managed to add incredible value chain - processing or agri-business.For example - Brazil produces nearly 700M metric tonnes of raw Sugar [AGRICULTURE] - it's then processed (MANUFACTURING) into 38M metric tonnes of sugar - and lot more into ETHANOL (ENERGY) - which like you natural oil - is used to power cars & other industries. There is a lot of logistics involved to ship all that sugar worldwide (Transport). THAT IS WHAT THE ARTICLE IS TALKING ABOUT. What hell is wrong with Nigeria EDUCATION. Is it as bad as Tanzania? obaaderemi: 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Kur17: 4:13pm On Sep 05, 2018 |
CAPITAL NEWS SIMON NDONGA On September 4, 2018 Five Nigerians arrested for being in Kenya illegally NAIROBI, Kenya, Sept 2 – Five Nigerian nationals were on Saturday night arrested in a house in Lucky Summer area for being the in the country illegally. According to police, the men were nabbed following a complaint from locals that they were engaged in illegal activities. They said that they are likely to be deported after being charged in court. This increases to more than 200 the number of the foreigners who have so far been arrested and deported for being in the country illegally. Twenty-eight immigration officers were sacked after they were found to have wrongly issued the work permits to the foreigners. The arrests come even as South Sudanese Nationals who had been detained for lack of proper documentation finding freedom following an agreement between Kenya and Sudan. Foreign Affairs Ministry said they have agreed with the Sudan Embassy on a solution that will ensure their release. The government has expressed its commitment to deport all illegal immigrants who have no papers. The war on illegal immigrants gained momentum after a hotline mobile telephone number(Hotline for reporting Illegal Immigrants in the country; 0745-660-151) was set up for members of the public to report suspicious foreigners. Also,September 5, 2018. Police raided China Global Television Network offices in Nairobi on Wednesday in search of immigrants working in the country illegally. The Inspector-General of Police Joseph Boinnet told Nation that his team made the raid after his office got information that some staff members at the TV station did not have valid work permits. The IG said 13 Chinese nationals were arrested and immediately released after their work documents were verified. The Chinese Embassy issued a statement condemning the arrest of their citizens by Kenya police. |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp2018: 4:13pm On Sep 05, 2018 |
And this Ikeja-victoria is suppose to be rich neighberhood of Lagos. It very shitty looking. 68816419: |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Daejoyoung: 4:25pm On Sep 05, 2018 |
rvp2018:Oga he was talking about the whole industry of agriculture in Brazil which is 20% and about 584 Billion dollars ( already bigger than the entire Nigerian gdp), he wasn't talking about % value added tax of agriculture in Brazil which is 5%, you are the one bringing that here because you 've been cornered and you are a professional when it comes to straw man arguements. Simply admit you were wrong about Nigerian agriculture competing with that of Brazil and give it up. 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by 68816419: 4:40pm On Sep 05, 2018 |
Kur17:An advanced city shouldn't only develop its "CBD" but other areas alike, and this what Nairobi and other Kenya cities lacks, all development are concentrated around the tiny CBD while the rest of places are left to rot , Lagos alone have more than two CBD,Victoria Island and Lagos Marina aside ikeja and new Eko Atlantic city. First Lagos CBD (Marina)
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by 68816419: 4:42pm On Sep 05, 2018 |
Marina Cnt....
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp2018: 4:43pm On Sep 05, 2018 |
We can only compare apples to apples. Oranges to oranges. Agricultural activities with Agricultural activities. Agricultural Industry with Agricultural industry. Brazil Agriculture (according ISIC) has been approximately 5% - roughly worth 80B - Nigeria OVER COOKED GDP agriculture is aproximately 20% - about the same 80B (73B last year). THIS TELLS YOU IT"S OVER-COOKED. Brazil Agriculture as an industry is 20% - roughly 400B - Nigeria tells us their is worth 40% - roughly 160B. At it apex - when Yemi Kale re-based Nigeria GDP was worth 100B (more than Brazil) and Industry roughly worth 200B. You can google and find some many links This statistic shows the share of economic sectors in the gross domestic product (GDP) in Brazil from 2007 to 2017. In 2017, the share of agriculture in Brazil's gross domestic product was 4.57 percent, industry contributed approximately 18.48 percent and the services sector contributed approximately 63.07 percen I don't know why you Nigeria find this hard to understand. Is your education that bad. I thought you were better than Tanzanians who are truly very obtuse. Daejoyoung: 1 Like |
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