nameo:


Do you know that this is nothing to celebrate here, and infact that this indicts this Govt??

Clue: In 2014, Nigeria became the largest economy in Africa and valued at $509.9bn whilst South Africa was $370.3bn.

Today, Nigerian economy has according to your report in the OP declined to $472/402bn i.e a decline of about $38bn( it would even be more if you take into account inflation rate between then and now).

The only reason SA overtook us was that our growth since then has been very sluggish with us entering into a recession(successive "negative" growth). The reason why you just overtook SA again is that they just entered their 2nd recession within the period.

In real terms, none of the countries grew.

So quit that Buhari worship. On the economy, as with almost everything else, he has failed.

NkemjikaX:
The question is, with South Africa sliding to second position, healthcare and education are still free. Power supply is constant which is essential for industrialization.
However, in Nigeria the sort is different, even a thing as simple as given birth in the hospital requires that the family provide blood before the child will be delivered. Where have we gone wrong.

saaron:
If Biafra were independent nation from 1966 to date, the country will be dragging economic might with Asian tigers like China, South Korea, Singapore, Malaysia etc, not South Africa. Biafra would have launch Africa positively on the world map as a black economy powerhouse. A people that could organized themselves to manufacture Amoured tanks and spectacular weapons from scratch to hold Nigeria for 3 good years to the amazement of America and Europe shows the ability and ingenuity of Biafrans. Biafra would have join the like of America and Russia as major arms suppliers in the world!
Now imagine them channeling that same energy and spirit to develop their country economically? The black race would have gain more respect today. But because of the virus of One Nigeria, that reality was dashed - (but not forever, Biafra will raise again).
Nigeria is nothing but a glorified village. A country cursed with mediocrity, terrorism, quota system, and the ''Put them down Syndrome.''
Nigeria can't even boast of a world class city. Countries like Ivory Coast have better and well developed cities than Nigeria.
The fact that the God forsaken country is even struggling economically with South Africa is a big shame because Nigeria's economy was on the same level with South Korea in 1960. Today South Korea is not only competing with China, the country has world class companies competing with the likes of Apple and General Mottors of America! And we here celebrating mediocrity. What's the benefit of being Africa's largest economy when we can't even manufacture pencils? Does Nigeria have a functional steel company? How can Nigeria become an industrial manufacturing hub when common Abeokuta steel complex is in shambles? Nigeria is nothing but a failed state!
South Africa's economy, as it is even in recession is still by far more robust and developed in manufacturing, service industry, commerce, power, infrastructure than Nigeria. Remove crude oil from the country's economy and Nigeria will disappear from the world map!
Total division of Nigeria is the only way out of this perennial economic calamity that is Nigeria.
ONE NIGERIA IS DEAD!

jaxxy:


Bt we are still in a fucking recession

Jaqenhghar:

Nigger. No one needs to wish evil on anything. That shithole is evil already. You can call it the best economy in the world but the reality on ground is different.

saaron:
If Biafra were independent nation from 1966 to date, the country will be dragging economic might with Asian tigers like China, South Korea, Singapore, Malaysia etc, not South Africa. Biafra would have launch Africa positively on the world map as a black economy powerhouse. A people that could organized themselves to manufacture Amoured tanks and spectacular weapons from scratch to hold Nigeria for 3 good years to the amazement of America and Europe shows the ability and ingenuity of Biafrans. Biafra would have join the like of America and Russia as major arms suppliers in the world!
Now imagine them channeling that same energy and spirit to develop their country economically? The black race would have gain more respect today. But because of the virus of One Nigeria, that reality was dashed - (but not forever, Biafra will raise again).
Nigeria is nothing but a glorified village. A country cursed with mediocrity, terrorism, quota system, and the ''Put them down Syndrome.''
Nigeria can't even boast of a world class city. Countries like Ivory Coast have better and well developed cities than Nigeria.
The fact that the God forsaken country is even struggling economically with South Africa is a big shame because Nigeria's economy was on the same level with South Korea in 1960. Today South Korea is not only competing with China, the country has world class companies competing with the likes of Apple and General Mottors of America! And we here celebrating mediocrity. What's the benefit of being Africa's largest economy when we can't even manufacture pencils? Does Nigeria have a functional steel company? How can Nigeria become an industrial manufacturing hub when common Abeokuta steel complex is in shambles? Nigeria is nothing but a failed state!
South Africa's economy, as it is even in recession is still by far more robust and developed in manufacturing, service industry, commerce, power, infrastructure than Nigeria. Remove crude oil from the country's economy and Nigeria will disappear from the world map!
Total division of Nigeria is the only way out of this perennial economic calamity that is Nigeria.
ONE NIGERIA IS DEAD!

Rossinnki:


Mehn, but we carry weight for this continent sha..

Dammit.

In fact, looking at the above statement, one might as well say that without Nigeria, there is nothing like Africa.

Yet some idiots want to split up this country into little, inconsequential Liberias. When you sneeze nobody will notice.

Rubbish.

NkemjikaX:
The question is, with South Africa sliding to second position, healthcare and education are still free. Power supply is constant which is essential for industrialization.
However, in Nigeria the sort is different, even a thing as simple as given birth in the hospital requires that the family provide blood before the child will be delivered. Where have we gone wrong.

quote author=Officialgarri post=87144836]I thought they said Buhari is a disaster, so where's all these good news coming from. ?


We wailers can't stop crying after hearing good news.

Another will still join you with "audio economy" even if the source is Bloomberg.

Area4Area:
I'm sure if it was Nigeria that was said to have gone into recession again you'd have been happy and cursing Buhari, Tinubu and APC.
Abeg go siddon abeg, Nigeria's economy is the largest on the continent and economic growth is getting faster, deal with that for now.

nameo:


Do you know that this is nothing to celebrate here, and infact that this indicts this Govt??

Clue: In 2014, Nigeria became the largest economy in Africa and valued at $509.9bn whilst South Africa was $370.3bn.

Today, Nigerian economy has according to your report in the OP declined to $472/402bn i.e a decline of about $38bn( it would even be more if you take into account inflation rate between then and now).

The only reason SA overtook us was that our growth since then has been very sluggish with us entering into a recession(successive "negative" growth). The reason why you just overtook SA again is that they just entered their 2nd recession within the period.

In real terms, none of the countries grew.

So quit that Buhari worship. On the economy, as with almost everything else, he has failed.

Rossinnki:


Mehn, but we carry weight for this continent sha..

Dammit.

In fact, looking at the above statement, one might as well say that without Nigeria, there is nothing like Africa.

Yet some idiots want to split up this country into little, inconsequential Liberias. When you sneeze nobody will notice.

Rubbish.

nanauju:



Please school Area4Area very well. We teach Economics in our schools for reasons like this so that ignorant people like him will not come out in public to discuss beer parlor economic policies and end up disgracing themselves

Ezmans:
if your leg touch South Africa you won't return to this shit hole again, 54,000 megawatts electricity #24 hours light , good house, good road, good security, good food, 24 hours water tap , Nigeria is a dust bin compare to sa

9jaRealist:


Oil and gas is just about 7-8% of Nigeria's GDP...
Accordingly, Nigeria's GDP growth is NOT driven by oil.

However, Nigeria's economy is unduly affected by oil prices...
Because over 90% of forex and about 70% of FG revenue comes from oil.

Reality is that even diaspora remittances are more than oil earnings...
If Nigeria invests in its huge domestic market (infrastructure, etc.), it can build a great economy without oil.
>

nameo:


Do you know that this is nothing to celebrate here, and infact that this indicts this Govt??

Clue: In 2014, Nigeria became the largest economy in Africa and valued at $509.9bn whilst South Africa was $370.3bn.

Today, Nigerian economy has according to your report in the OP declined to $472/402bn i.e a decline of about $38bn( it would even be more if you take into account inflation rate between then and now).

The only reason SA overtook us was that our growth since then has been very sluggish with us entering into a recession(successive "negative" growth). The reason why you just overtook SA again is that they just entered their 2nd recession within the period.

In real terms, none of the countries grew.

So quit that Buhari worship. On the economy, as with almost everything else, he has failed.

Rossinnki:


Mehn, but we carry weight for this continent sha..

Dammit.

In fact, looking at the above statement, one might as well say that without Nigeria, there is nothing like Africa.

Yet some idiots want to split up this country into little, inconsequential Liberias. When you sneeze nobody will notice.

Rubbish.

Rossinnki:


Mehn, but we carry weight for this continent sha..

Dammit.

In fact, looking at the above statement, one might as well say that without Nigeria, there is nothing like Africa.

Yet some idiots want to split up this country into little, inconsequential Liberias. When you sneeze nobody will notice.

Rubbish.

9jaRealist:


Bro, that's NOT how it works...
The Yen is about Y110 to 1USD, but Japan is a bigger (and richer) economy than South Africa.

However, a bigger economy is NOT synonymous with a richer one...
China has a bigger economy than Japan, but is much poorer measured by GDP per capita.
>

Area4Area:
You won't see wailers in threads like this, people who wake up and wishing evil on their country as if if anything bad happens, they won't be affected.

Nigeria went into a recession years back,
Naira was on a free fall etc and they were all happy

Fast forward and the reverse became the case and they became angry.

South Africa entered another recession and they were wishing it was Nigeria that was mentioned.

Area4Area:
That is the crux of the matter and this is why a plus or minus in that sector matters a lot because it determines FG's expenditure and the average growth of the GDP

Officialgarri:
I thought they said Buhari is a disaster, so where's all these good news coming from. ?


We wailers can't stop crying after hearing good news.

Another will still join you with "audio economy" even if the source is Bloomberg.

Rossinnki:


Mehn, but we carry weight for this continent sha..

Dammit.

In fact, looking at the above statement, one might as well say that without Nigeria, there is nothing like Africa.

Yet some idiots want to split up this country into little, inconsequential Liberias. When you sneeze nobody will notice.

Rubbish.