vaxx:

For better assessment of standard of living in a country, GDP is not a sufficient measure. Human Development Index, Gini coefficient, are some of other measures to do that. Each index constitutes different information. One single index is never advised. and in this category, Ghana is ahead of both Nigeria and Kenya.

GDP assumes too much, it assumes all growth is good growth.for example, the pollution of the water in Nigeria due to oil exploration, the clean up will be added to GDP, as is the health care cost. But clearly that is a negative for society, even as it is a positive for GDP.

i agree that no one number could possibly serve as a good measure of an economic system. Any statistic involves choices about what to measure, what to include, how to weight those inputs, and what to exclude. For a Nigeria system of 180 million people and billions of dollars, no number could possibly capture the variety of experiences and vagaries of output and growth. GDP is a usual measure, but we rely on it far too much, that it to tell us things it cannot.

Sir, nobody is saying GDP is the sole determinant of the economic and social state of a country. That's the reason we have always brought here other indices like HDI, Life expectancy, literacy, hunger index etc whenever our Nigerian brothers try to claim superiority based on GDP alone. However, someone posted the GDPs of those selected countries just for us to see what to expect this year. Please, let's focus on discussing that.

Kenya GDP is now nearly 100B - by 2022/23 - it will be 150B. Nigeria cooked GDP stick out.

Ibrahimanis:
2019 GDP forecast - IMF

Ethiopia overtaking Kenya as the largest economy by GDP in East Africa was only a short lived minute euphoria like chicken sex!

tylann:

So Kenya reclaims largest east africa economy again beating ethiopia

IMF are at loggerheads with us.With Rotich being an ex-Imf,I don't trust him much holding the docket of the finance minister!

rvp2018:
Kenya GDP is now nearly 100B - by 2022/23 - it will be 150B. Nigeria cooked GDP stick out.

They never really overtook kenya - they were estimated to overtake kenya last year - then they devalued the birr. They are still fastest growing at 8% - but kenya is edging towards 7% - and Kenya strength is ever strong kshs.

Jonraid:
Ethiopia overtaking Kenya as the largest economy by GDP in East Africa was only a short lived minute euphoria like chicken sex!

Fin Minster power in current constitutional dispensation is really limited. He doesn't make the budget. Parliament makes it. He doesn't control the budget - the budget controller does that. All Rotich does is the donkey work of financing the budget.

Jonraid:
IMF are at loggerheads with us.With Rotich being an ex-Imf,I don't trust him much holding the docket of the finance minister!

NairobiWalker:


That's awesome. We have Accra Road in Nairobi and Nkrumah Hall at the University of Nairobi. At independence, all roads in Nairobi were named after African cities and African heroes. It's hard to find a Road with a European name in Nairobi at the moment.

Thats the Pan African spirit

vaxx:
Ghana inward foreign direct investment is growing and May soon become west Africa sub region power house. particularly the service sector. many investors are begining to find interest in Ghana, the peaceful and buisness friendly environment is the contributing factor.

More to come

abbeg:
Again with the little sister!!
Stop denying the truth just30!!
Nigeria>Ghana (at least in influence)

influence where ?

cause even Obasanjo came to plead with Ghana
so that we can help talk to the Americans on behalf of Nigerian
Obasanjo wanted the Americans to allow Nigeria to build nuclear reactors for electricity generation in Nigeria.

Just30:
influence where ?

cause even Obasanjo came to plead with Ghana
so that we can help talk to the Americans on behalf of Nigerian
Obasanjo wanted the Americans to allow Nigeria to build nuclear reactors for electricity generation in Nigeria.

We are still slaves indeed
You mean an african country has to act for permission to build a nuclear reactor for electricity generation

vaxx:
Ghana inward foreign direct investment is growing and May soon become west Africa sub region power house. particularly the service sector. many investors are begining to find interest in Ghana, the peaceful and buisness friendly environment is the contributing factor.

Yeah sure

tylann:

We are still slaves indeed
You mean an african country has to act for permission to build a nuclear reactor for electricity generation

Tell him to show you where Nigeria asked for US permission to build a nuclear plant

tylann:

We are still slaves indeed
You mean an african country has to act for permission to build a nuclear reactor for electricity generation

Nigeria is a fluid case

its quite unstable

And yes that is not strange because
the UN itself is concern when it comes to the proliferation of Nuclear tech

Ibrahimanis:

Tell him to show you where Nigeria asked for US permission to build a nuclear plant

Go and read Obasanjo biography or what ever that book was called.

NairobiWalker:


Sir, nobody is saying GDP is the sole determinant of the economic and social state of a country. That's the reason we have always brought here other indices like HDI, Life expectancy, literacy, hunger index etc whenever our Nigerian brothers try to claim superiority based on GDP alone. However, someone posted the GDPs of those selected countries just for us to see what to expect this year. Please, let's focus on discussing that.

so going by this Imf GDP economical projection, which country is likely to be called a developed african county soon.

Ibrahimanis:

True

But Nigeria's problem is not only generation, it's the whole value chain. Generation, transmission, distribution.

Installed capacity: more than 10,000mw

Average gen capacity: 3500-4000mw (we need to make sure all our plants are working at optimum capacity first)

Transmission capacity: about 5000mw (there was a time when generating companies (Gencos) manage to generate about 7000mw but 2000mw was stranded because it cannot be transmitted)

Distribution capacity: 6000mw plus.

So you see. It doesn't matter if we build 100 mega plants, the transmission company can't transmit to distribution companies (DisCos) and even if they manage to transmit all of it, discos can't distribute all of it.

Which is why government is more focused on overhauling existing plants and building more substations than building new plants.

And Nigeria's grid is too centralized. We need to break it up into more efficient mini grids.

now i understand...its the transmission stupid (like Clinton would say )

Just30:
More to come

Then if this must come quicker, then i advise government shouild be serious in sanitizing the buisness enviroment, not when it is too late. menzgold create a lot of mess in the country, there alot of ponzi schemes growing everyday which need immediate crack down. in my, opinion, Npp government is sleeping, and there is the recent news of kidnapping, what is going on?

tylann:

You can own a solar panel instead of buying generators which pollute the environment

I dont why nigerians prefer generators to solar panels

i think oil (petrol an diesel)is cheaper in their place

vaxx:
so going by this Imf GDP economical projection, which country is likely to be called a developed african county soon.

South Africa
Egypt
Algeria
Morocco
they have good stats

samsobo24:
mtisthequibit man up to the challenge and come out of the gutters from your hiding place.
You are a Nigerian.
Be bold enough to be objective

Mobius isnt Kenyan,its owned by British

When we talk indigenous brands owned by real blacks

Kenya is found wanting
SA is found under the hole


I can see that that impoverished black SA white man ass licker is back
SA dare not toil with NG
We dominate their business chain,take over their shops in Jo'burg and lastly take their ladies

Black south Africans have less than 10% feasible business on the stock exchange

Kenya and SA are ornithological specimens who variably conglomerate to their various proximity. They suffer modern colonial rule.Whites decide and command too much in their country



Watch as they come to attack me

which part gave me up .

vaxx:
Then if this must come quicker, then i advise government shouild be serious in sanitizing the buisness enviroment, not when it is too late. menzgold create a lot of mess in the country, there alot of ponzi schemes growing everyday which need immediate crack down. in my, opinion, Npp government is sleeping, and there is the recent news of kidnapping, what is going on?

Menzgold was supposed to be regularised since it had become too big

It was the plan, but with every new government comes new interest and those who felt threathen by it operation decided there was no way they could allow it to operate.

State institutions are sleeping on their jobs

sufferNsmiling:


I think the best alternative is generating electricity from water example oxygen or hydrogen like hydrolysis I think that will be the best option. You pass direct current through water and you get out hydrogen I know there are cars which run on water only

problem with that is you end up using electricity to create electricity...to get hydrogen from water you use electricity which is then converted back to electricity when mixed with oxygen again...in then process we end up using more power than we gain back

Just30:
South Africa
Egypt
Algeria
Morocco
they have good stats

Not so bad, this country are diversifying their economy, moving away from one focus industry like oil or simple gold. Any mono focus industry, no matter how big the indusrty may be , it will be slower to development. we are in the era of technology aand md service production.. thinking forward nations are moving toward this area.

vaxx:
Then if this must come quicker, then i advise government shouild be serious in sanitizing the buisness enviroment, not when it is too late. menzgold create a lot of mess in the country, there alot of ponzi schemes growing everyday which need immediate crack down. in my, opinion, Npp government is sleeping, and there is the recent news of kidnapping, what is going on?

ask for the kiddnappings

they are new
the police needs to wake up


THEY'VE BEEN MAKING HEADWAYS with most of the cases that make headlines

Iamleefact:
KQ is flying to GENEVA

Awesome

mtisTheQubit:

now i understand...its the transmission stupid (like Clinton would say )

Nigeria has a long way to go when it comes to electricity

case it multifacited problems in that sector

UyiIredia:


I know Nigeria makes its patrol and gun boats. It's one reason why I said Nigeria's navy is the uncontested giant in Sub-Saharan Africa. Kenyans can't argue that.

But if we make this things it's good but obviously more needs to be done. Much much more. I wonder if the military keeps quiet about these things for tactical reasons as I can understand that.

tahh...nigeria is not scared of other black nations....nigeria is more worried about those international moroons that can use proxies to wage war on you....

tylann:

African countries are still giving foreign contracts to build roads instead of priotizing african construction companies

truth be told i like the Chinese constructors than the local guys

Just30:
Nigeria has a long way to go when it comes to electricity

case it multifacited problems in that sector

having a 10,000mw capacity then still experience blackoutd now an then..crazy ehh

Dar es salaam

sufferNsmiling:
Please all african here can we take a minute of silence and bow our heads to one of africa's greatest musicians oliver mtukudzi which passed away today this is one of the best songs from him. Why I liked the songs very much he sang about reality of life hiv poverty and unemployment. I know him personally because I need to fix his vehicles also his trucks.



https://www.youtube.com/watch?v=bUegP24Z_gQ

sad indeed ...the guy had a clear message

mtisTheQubit:

truth be told i like the Chinese constructors than the local guys

Because you lack a tech know how.That's why you imported 5,000 Chinese laboures just for constructing a diesel powered SGR.Brainless folks!