Some things Kenyans do not know about Lagos Lagos economy is very multi-dimensional. With core sectors in negative growth. Anybody can wake up and put a business at the side of the road
I asked you where you linked this from. It seems suspiciously familiar:the Naij English,verbal flatulence, pretend cleverness,lack of logic and hate look like a typical JAMB graduate who paid for his certificate!
Well, it's good you keep admitting the treatise looks so professional to you @ bolded.
Now,the Naij English you disparage is the same that won Nigeria a Nobel Prize in Literature (Soyinka in 1986) and a Booker Prize( Okri in 1990) while Kenyans with their poor English have not won anything.
And there is nothing like Jamb graduate, you idiot.
Your reaction to my write up is similar to that of your dumb brother, rvp, when I did a similar writeup to analyse your stupid $60bn economy. He started hurling insults like you are doing now. He couldn't counter anything.
Hahaha! You black mofos are hilarious! Was with a Lagos based niece a few hours ago. In the middle class areas it's common for single and multi home properties to make do with a well since water is literally a pipe dream. Thing is that part of Naij is firmly within the arsenic belt and they slowly poison themselves unknowingly. Also every so often people fall in and drown! She mentioned visiting 2 Rivers with a couple of Naijjans last year and they nearly wet themselves in astonishment pointing openmouthed groaning at everything like they'd just been abducted by aliens! On recovery the cleverest gasped,"there's nothing like this in Naij."
You will do well in fictional stories(literature), the only thing you have to do is polish your English a bit ..it is very bad...
The world-class roads in Lagos remind me of does mono trains in Japan with one real. I have not seen a country in the world with so much beauty in fact Lagos is the next Dubai of Africa. Surprising the second picture Nigerian flag in front of yellow bus
I keep complaining about your cbd road and how the whole place look aesthetically shabby.....
Who did you guys offend that you have been made to suffer this bad....
At least this video is 20 times better than what I saw in my own country at least the streets are very clean and there is a bit of Law and Order which does not exist in my country. My father's land is just like mad Max nation
obaaderemi: Reasons Why Kenya Would Remain Underdeveloped (3)SMALL SIZE OF ECONOMY The Kenya economy is too small in comparison to its population. At just $60bn the country lacks the financial muscle to embark on big projects that can lift the country up. The sgr is the largest project since independence in 1963. And the sgr has proven to be a pit of expense. Unlike Nigeria where the dangote oil refinery is the largest in Africa and is going to be a gamechanger in West Africa. Kenya needs to grow its small economy to lift the country out of its present quagmire. Ethiopia, its neighbor has already powered past Kenya GDP wise and Kenyans are not taking this well at all--- just like when the Ethiopian runner Gebrehaille Selassie went past the controversial and envious Little Indian runner, Machuka at the 1992 Olympics. Machuka was so mad and envious he hit the Ethiopian as he went past him. I think envy is a Kenyan thing. Ladies(Kenyans) and gentlemen(Nigerians,Tanzanians and Ghanaians), I leave you with the hilarious and embarrassing video of Kenyan shame here as I log out for the year.
Oba you always make laugh with every post you display.....
You described the true nature of Kenyans and it is undoubtedly visible in the likes of rvp, kikuyu and the rest lunatics that have graced here with their constant foolishness,envy, hate....
You are right they always want to be in the league's if big guys, and will do anything to get there even though they are not mature for it..... Once they don't have something they resort to hate and demonizing it.... Free advice to the Kenyans . "cut your cloth according to your size".... When it is your time, it is your time...learn to celebrate other people's progress and watch your own progress locate you....don't go about trying to do things that are bigger than you, like your failed over priced Chinese, cargo-less sgr....
Just30: Africa’s biggest borrowers from China in the last 10 yrs.
Angola -$42.8 B
Ethiopia -$13.7 B
Kenya -$9.8 billion
Republic of Congo- $7.4B
Sudan- $6.5B
Zambia $6.4B
Cameroon $5.5B
Nigeria $4.8B
South Africa $3.8B
Ghana $3.5B
But wait oooo, is Angola crazy?....aren't they the size of Ghana's population and they are taking up all this debt....
As for Kenya they need Devine intervention...I believe in the end Angola with settle their way out since they are rich blessed in oil but what of kenya, ?"the soon to be neocolonized colony" who will save them?
But wait oooo, is Angola crazy?....aren't they the size of Ghana's population and they are taking up all this debt....
As for Kenya they need Devine intervention...I believe in the end Angola with settle their way out since they are rich blessed in oil but what of kenya, ?"the soon to be neocolonized colony" who will save them?
Oba you always make laugh with every post you display.....
You described the true nature of Kenyans and it is undoubtedly visible in the likes of rvp, kikuyu and the rest lunatics that have graced here with their constant foolishness,envy, hate....
You are right they always want to be in the league's if big guys, and will do anything to get there even though they are not mature for it..... Once they don't have something they resort to hate and demonizing it.... Free advice to the Kenyans . "cut your cloth according to your size".... When it is your time, it is your time...learn to celebrate other people's progress and watch your own progress locate you....don't go about trying to do things that are bigger than you, like your failed over priced Chinese, cargo-less sgr....
Happy new year once again..
Happy new year,brother.
The envy that lives in Little Indians no get Part2. That's why they are here fighting everybody. Even yesterday January 1 they were here gidigba.When the rest of us dey where we dey jolly. I was surprised when I logged in today and read their posts from yesterday. Is that how hard and boring life is in Kenya?
rvp20182: Smart countries like Kenya & Ethiopia leverage from Chinese very competitive loans (nearly the same concessional terms (i.e zero interest rate) like IMF/WB/IDB loans -with long maturity) BUT without conditionalities.
IMF colonies like Ghana under the york of IMF have to literally hand over their "GOLDEN STOOL" to Brettonwood - WashingtonDC who then prescribes very rough chemo and radio therapies on their economies - including cutting down on social spending & camping in Accra - with their pink noses- running the economy.
The worst like Nigeria borrow very EXPENSIVE SHORT TERM domestic loan - and have to spend - believe it or not - 75% of all their revenues paying debts - and then borrow - believe it or not - to pay salaries and pension.
Shut up rvp and cease your lies, remember this is a new year.. Nigeria does not take on short term loans... Everyone knows that Kenya is a deadwood...I personally will want Kenyatta to keep that office for the next 8 year so he can borrow and loot the same loan leaving Kenyan future hopeless with no infastructures on ground to show for it.... Who knows your debt should be approaching $68bn by now....
No other way to say this but you live In a Kenyatta's controlled cesspool..... What a banana republic
The envy that lives in Little Indians no get Part2. That's why they are here fighting everybody. Even yesterday January 1 they were here gidigba.When the rest of us dey where we dey jolly. I was surprised when I logged in today and read their posts from yesterday. Is that how hard and boring life is in Kenya?
You are talking of yesterday when witches like of tayermshri and rvp waited until 12am 2020 to lay curse on Nigeria....
Shut up rvp and cease your lies, remember this is a new year.. Nigeria does not take on short term loans... Everyone knows that Kenya is a deadwood...I personally will want Kenyatta to keep that office for the next 8 year so he can borrow and loot the same loan leaving Kenyan future hopeless with no infastructures on ground to show for it.... Who knows your debt should be approaching $68bn by now....
No other way to say this but you live In a Kenyatta's controlled cesspool..... What a banana republic
Look at your people suffering in poverty and you are here like an empty vessel
How can a GDP growth rate be slower than population growth but still per capita is expanding, how does it work like that??
You are asking a stupid question my friend...you should be asking yourself prudent questions like
How can you be supposedly growing by 6% and the following is happening..
A decrease in middle class A lesser purchasing power than Ghana a country of 28m A mall bubble burst.. Constant job loss Extremely high unemployment rate. No infastructure to support growth....
rvp20182: SGR will double it's revenue this year after carrying 5m tonnes plus cargo...so keep you Nigeria lethargic public sector in Naija..our SGR will pay for itself
Even with all the free lectures and analysis you've gotten from the likes of Sammy and just 30 here concerning your failed sgr, you are still talking like this. Read this and counter it with facts:
The standard gauge railway, Uhuru's cost flagship project, has been losing money, so the government decided to order most transporters to use it to haul cargo and increase income. Last Thursday, Mombasa Governor Hassan Joho, who has been silent on compulsory cargo haulage via the SGR, said he will not join street demonstrations against the orders as he has direct access to the President.
You are asking a stupid question my friend...you should be asking yourself prudent questions like
How can we be supposedly growing by 6% and the following is happening..
A decrease in middle class A lesser purchasing power than Ghana a country of 28m A mall bubble burst.. Constant job loss Extremely high unemployment rate. No infastructure to support growth....
Let me stop here
Little India is the only country in the world where the economy is growing and millions are starving and losing their jobs.
Just30: [s] Basically what you have written is trash
did this fool say his country borrow from China without conditionalities ? They will do exactly what everyone has done to Kenya, seize lands since it is the only thing of value in Kenya. This is what China is doing to you fools
During colonial times, European powers exploited Africa for the vast resources that it possesses. But what China is doing today is actually much worse. Yes, the Chinese greatly desire African resources, but ultimately what they want is Africa itself. But instead of conquering Africa using military force, China is using economics instead. Today, more than 10,000 Chinese-owned firms are operating in Africa, and virtually every major road, bridge, railway and skyscraper is being built by the Chinese. As a result, most African nations are very deeply indebted to China at this point. And as you will see below, when those debts go bad that gives the Chinese a tremendous amount of leverage.
Many people believe that the endgame for China is to make a whole lot more money and to gain control over a whole lot more resources. And China is undoubtedly pursuing those goals, but as Forbes has noted, ultimately what this is about is turning Africa “into another Chinese continent”…
How Are U.S.-China Trade Talks Affecting E-Commerce Giants? The reason Chinese corporations are in Africa is simple; to exploit the people and take their resources. It’s the same thing European colonists did during mercantile times, except worse. The Chinese corporations are trying to turn Africa into another Chinese continent. They are squeezing Africa for everything it is worth.
Right now, approximately two million Chinese citizens already live in Africa, and that number is steadily rising with each passing month.
These days, it is difficult to find a major construction project on the continent that is not being handled by the Chinese, and this has enabled them to put their imprint on some of the largest African cities. For example, just check out what is happening in Nairobi, Kenya…
On the outskirts of Nairobi, Kenya, a small sign points to “Beijing Road,” where a new housing development called the Great Wall Apartments looks like the concrete towers you’d find in a Chinese city.
Across Africa, Chinese developers are building highways, light rail systems, apartment buildings, and entire cities.
Most of the “cities” that China is building are known as “special economic zones”. These “special economic zones” are essentially enormous self-sustaining Chinese cities that have been dropped right into some of the most strategic parts of Africa. For example, one of the biggest has been built right next to Lagos, Nigeria…
Next to Lagos, Nigeria, Chinese developers have built a walled-off “special economic zone”–basically a separate city, with separate rules designed to attract investors–based on a model they’ve used inside China for the last 30 years. After Shenzhen became a special economic zone in the 1980s, it went from a small town of 20,000 to, by some counts, 15 million today.
In these “special economic zones”, you will find Chinese factories staffed with Chinese managers that are supervising Chinese workers that are using Chinese equipment to make their products.
And the size of some of these projects is absolutely staggering. Just check out what has been planned for an area along the coast of Tanzania…
Bagamoyo, if the project goes ahead as planned, will be transformed into the largest port in Africa. That is looking ever more likely: after years of delay, the Tanzanian government says it is in the final stages of talks with state-run China Merchants Holdings International.
The lagoon will be dredged, to allow access to the vast cargo ships that will queue many miles out to sea. As for the special economic zone, the original masterplan shows factories in a fenced-off industrial area, and apartment blocks to accommodate the estimated future population of 75,000. There is even talk of an international airport. Many of the villagers have already accepted compensation for the loss of their homes.
Of course Chinese development is definitely not limited to these “special economic zones”. In Ethiopia, the capital city of the entire nation is literally becoming known as “the city that China built”…
Cars chug through the city on smooth Chinese roads, Chinese cranes lift the skyline, sewing machines hum in Chinese factories in Chinese-owned industrial parks, tourists arrive at the Chinese-upgraded airport and commuters ride modern Chinese trains to work.
Simply put, Addis Ababa is becoming the city that China built — but at what diplomatic and economic cost?
Are you starting to get the picture?
As the western world sleeps, the Chinese are literally taking over an entire continent.
And as they increasingly dominate the landscape economically, they are bringing their culture with them as well…
Chinese influence also goes beyond physical infrastructure. Now it’s possible to pick up a copy of China Daily, China’s state-run newspaper, in some African cities, and watch CCTV, China’s state-run news channel. Some cities have Chinese language schools, and some African students are given grants to go study in China.
Apologists for China could point out that all of this development has pulled millions of Africans out of poverty.
And that is true.
But all of this development also carries with it a very hefty price tag…
China is now Africa’s biggest trade partner, with Sino-African trade topping $200 billion per year. According to McKinsey, over 10,000 Chinese-owned firms are currently operating throughout the African continent, and the value of Chinese business there since 2005 amounts to more than $2 trillion, with $300 billion in investment currently on the table. Africa has also eclipsed Asia as the largest market for China’s overseas construction contracts. To keep this momentum building, Beijing recently announced a $1 billion Belt and Road Africa infrastructure development fund and, in 2018, a whopping $60 billion African aid package, so expect Africa to continuing swaying to the east as economic ties with China become more numerous and robust.
Needless to say, the Chinese are not doing all of this out of the goodness of their hearts. African governments are going very deep into debt in order to afford all of this infrastructure, and several of them are now in way over their heads…
There have already been warning signs: the $4 Addis Ababa-Djibouti Railway ended up costing Ethiopia nearly a quarter of it’s total 2016 budget, Nigeria had to renegotiate a deal with their Chinese contractor due to their failure to pay, and Kenya’s 80% Chinese-financed railway from Mombasa to Nairobi has already gone four times over budget, costing the country upwards of 6% of it’s GDP.
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Your email... This is the sort of predatory lending that western powers once did so well, but now China has taken things to an entirely new level.
And once China has an African government by the throat, they can be absolutely ruthless…
There have been credible reports of talks between the Zambian government and China on handing over the country’s national electricity company, ZESCO to the Chinese due to the inability of Zambia to meet its loan repayment promises. This is expected as China is already in control of the country’s broadcasting company, ZNBC. There are also fears the main airport in Lusaka could be the next target.
Obliviously, Zambia is in trouble. And for other African beneficiaries of Chinese loans, they should prepare for the same possibility in the eventuality that they aren’t able to repay China.
Basically, Zambia is in the process of becoming totally owned by China.
And this is going to happen in country after country until someone stops them.
But who is going to stop them?
After all, the U.S. is about a trillion dollars in debt to the Chinese at this point.
When it comes to foreign policy, China is playing chess while most of the western powers are playing checkers.
They are literally running circles around us, and we are so clueless that we don’t even understand what is happening.
The bolded is rvp's speciality...he lies and think we all have no access to the web ..
You are talking of yesterday when witches like of tayermshri and rvp waited until 12am 2020 to lay curse on Nigeria....
That is pure hate fuelled by jealousy..
Please do you have electricity now or are you using a power bank or generator. When I visited Lagos I was only getting 3 hours of electricity every 24 hours which could not charge my tablet. Before you make noise just look at your own people how they are in man suffering
obaaderemi: Reasons why Kenya Would Remain Underdeveloped (4)DEBT "He who goes a borrowing goes a sorrowing."....(proverb)
To drive home the point of the proverb above, we might have to consider as an illustration Kenya's failed SGR which was Chinese funded, built and is being managed by the Chinese. This has driven up the cost of doing business and is affecting ordinary Little Indians who already are very poor. The importers are crying but the government's hands are tied by the deal with the Chinese. And what's worse, if Kenya fails in its bid to settle the loan it risks losing its Mombasa port to China. Kenya is already overburdened with debts which are routinely stolen and mismanaged by the ruling Kenyatta clan and their acolytes. Kenya unlike Ghana, Nigeria and South Africa is not blessed with vast deposits of mineral wealth and with such a dwarf economy, paying the loans back is impossible. It has to keep borrowing to pay back old loans. Kenya today is like the ectothermic frog which is unaware that it is being cooked until it dies.
Kenya is forcing herself to compete with the aforementioned nation whilst digging their own grave unknowingly....it boils down to what I previously said....Kenyan should learn to cut their cloth according to their size and stop doing things because they see others doing it even though it clearly shows they are not yet capable enough to do so..
rvp20182: SGR will double it's revenue this year after carrying 5m tonnes plus cargo...so keep you Nigeria lethargic public sector in Naija..our SGR will pay for itself
Did i just sense an uncertain but mere imagination "future tense"....rvp be done with the imaginations and hallucinations this year's, let's stick to reality....infact i'de say you embrace it..
to Brettonwood - WashingtonDC who then prescribes very rough chemo and radio therapies on their economies - including cutting down on social spending & camping in Accra - with their pink noses- running the economy.
