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Nairaland Forum / Nairaland / General / Politics / Nigeria Now Tops South Africa As The Continent's Biggest Economy (40772 Views)
Africa Day 2020: President Buhari Preaches Peace Across The Continent / Nigeria Re-emergence As Africa’s Biggest Economy, An Economic Scorecard Of PMB / Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC (2) (3) (4)
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Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by SoNature(m): 10:03am On Mar 04, 2020 |
Rossinnki: Most times, countries that got independence by fighting wars tend to have better leaders than those that did not. Well, the reason is that the people who died in the war for independence will always compel the leaders to do well. If you read Achebe's books on how they started fashioning out modalities to fix Biafra, there was no way Biafra would not have been better than the Nigeria of today. Besides, many Nigerians, not just the Igbos, have given up on this country. No country works if her people don't believe in her |
Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by BadBradley: 10:09am On Mar 04, 2020 |
frosbel2:same useless Bloomberg that put out a fake story in 2015 that south Africa was Africa's largest economy in 2015 and letter retrieved it!!! Do the maths, in April 2020 Nigeria's economy was over .5 trillion dollar GDP. And south Africa was merely 3 hundred-and-something billion dollars same period. Now how did South Africa economy gained over over 100 billion dollars in GDP evrvv it had been under recession must of the time and never seeing growth over 1% from 2014? Mind you, mathematically, so South Africa to leapfrog Nigeria's GDP, it has to grow its economy over 5% for years! Because a larger GDP doing 2% growth is still performing better than a smaller GDP doing 3%. So how did South Africa perform the GDP miracle to over take Nigeria when it's economy has been crawling since 2014? Only Bloomberg has the answer! |
Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by Odinaka00(m): 10:13am On Mar 04, 2020 |
lloyds: Lol so you 're boldly saying that Black Africans can't rule themselves? Who did this to us? Lol But judging by what Mandela achieved when he was the President, Judging by what Thabo Mbeki achieved when he was ruling, you would agree with me that they did great as black presidents. Zuma was the one who put South Africa in this current situation which the current President Ramaphosa is struggling to solve. My point is even with the blacks in South African Government, they 're still doing great things. Maintaining their roads, clean water, government hospitals, service delivery and so on. I'm a Nigerian and I love Nigeria with all my heart. But untill you travel outside Naija, you nor go know how bleeped up Nigerian politicians are.. All the past presidents and current one are all useless 2 Likes 1 Share |
Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by Suspect33(m): 10:19am On Mar 04, 2020 |
Rossinnki:no mind them, I'm from that region but still advocate for one Nigeria, I only want restructuring |
Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by Cchuks27(m): 10:22am On Mar 04, 2020 |
myobjective: You have a strong argument, however, you quickly forget countries like Saudi Arabia, Kuwait, UAE, Russia, etc. who have all changed the fortune of their countries and made them top economies solely from the proceeds of oil. I still maintain my argument that Nigeria ought to be miles ahead of South Africa. |
Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by Dextre(m): 10:28am On Mar 04, 2020 |
Commentor: More than enough,my mere existence alone provides for ur economy. For you to ask me that kinda jamb question baffles me, which makes me think you must be one of the jobless ones 1 Like |
Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by myobjective: 10:28am On Mar 04, 2020 |
Cchuks27: No sir, the last time I checked, Saudi Arabia has a population of 27m people with 12m barrel of crude oil production since the 1947. UAE has a population of less than 10m people with with over 1m barrel of crude. These two countries can't be compared to Nigeria |
Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by Juventus4life: 10:38am On Mar 04, 2020 |
saaron:90% of weapons used by Biafran soldiers were supplied by France and Angola. you can confirm that from your ancestors. |
Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by myobjective: 10:49am On Mar 04, 2020 |
Odinaka00: It is more complex than that. The apartheid South Africa really messed up the country, living the majority of the population poorly educated and unable to contribute to the modern economy. Apartheid South Africa was only built for 10m white and to some extend Indian immigrant why the majority of black South Africans who were the majority lives in abject poverty. It requires more effort to bring these poor, uneducated, unproductive majority out of poverty. Reasons why it very hard for the government to continuously maintained the poformerce recorded by the apartheid gov't. Corruption is a also a factor. Government bureaucracies are corrupt all over the world and it is worst in developing countries without the institution to check and balance. Finally, South Africa major problem is lack of educated manpower than can propel her into the next face. 1 Like |
Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by myobjective: 10:50am On Mar 04, 2020 |
frosbel2: The two are not mutually exclusive. China is the second-largest economy in the world and her people are much poorer than say Japanese. |
Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by sulaak(m): 11:04am On Mar 04, 2020 |
Call me when Nigeria has the ability to generate, transmit and distribute 50,000 MW of electricity capacity. GDP is just theory, the reality on the ground is that Nigeria is a very poor and underdeveloped country. 1 Like |
Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by kannymoore(m): 11:06am On Mar 04, 2020 |
Odinaka00: Erm..... Gained independence in 1994 from which country exactly? |
Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by AreaFada2: 11:08am On Mar 04, 2020 |
Rossinnki:Which weight? Nigeria should be about 5 times South Africa's economy. What is the development index: poverty rate, average income, life expectancy at birth, child and maternal mortality, literacy rate etc? Randomly pick 1,000 Nigerians and ask make them choose between staying in Nigeria and living in the Tiny countries of Monaco, Luxembourg, Andora, Iceland, etc. These countries are living the good life with visa free to all countries that matters. Who sneezing help? Such irrelevant archaic chest beating does not help the millions of almajiri kids, tens of millions in poverty nationwide and those underage girls with VVF in the North. |
Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by Anyunyu: 11:13am On Mar 04, 2020 |
[s] Commentor:[/s] |
Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by sulaak(m): 11:14am On Mar 04, 2020 |
myobjective: Apartheid is long gone, blacks have been in power for close to 25 years, how long did it take Japan, China, South Korea, Russia and Germany to rebuild their country after the destruction of the second world war. Let's stop making excuses for bad and greedy leadership. Millions of Blacks are still living in shanty towns and shacks, what is the government policies on rural-urban development, if not that they are busy hosting the FIFA world cup, buying expensive military weapons and building power plants that don't work. 2 Likes |
Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by IronGalaxy: 11:20am On Mar 04, 2020 |
Rossinnki:was waiting for the usual bragging, it came fast enough 3 Likes |
Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by jhubril(m): 11:23am On Mar 04, 2020 |
I’m not an economist but I can only make assessments based on global statistics. I think maybe there a case for economic growth. However, an economy can still be good, while it people are suffering. Maybe i’m wrong. I think if you want to understand the nature of economics you might want to find the most relevant economist, atleast still living today. I think there are different ways an economy can be successful ,different models. I know singapore is free capital and has a good economy. However, since i’m a laymen I would gravitate to a more eurocentric view since from the surface view that i know that makes sense. |
Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by alizma: 11:27am On Mar 04, 2020 |
In their usual voice, Blomberg yaf join BMC |
Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by IronGalaxy: 11:32am On Mar 04, 2020 |
lloyds:I was waiting for this usual type of comment. South Africa is simply experiencing tough economic times, it happens..a white country like Greece experienced the same thing not long ago, don't bring race and your inferiority complex in to this, mind you South Africa's best economic performance was under Thabo Mbeki, a black president. This Nigerian mentality of always looking down on blackness and elevating whiteness annoys me asf! 4 Likes |
Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by justtoodark: 11:32am On Mar 04, 2020 |
enemybulldozer: who gave una the title great....?? remember people that called themselves great....?? who are they today....?? hubris.... |
Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by Missionaire: 11:34am On Mar 04, 2020 |
Officialgarri: Nothing to celebrate about though. Nigeria topped South Africa not because we performed better than them but because they performed worst than us. |
Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by IronGalaxy: 11:36am On Mar 04, 2020 |
Cchuks27:Er...South Africa an abundance of resources too 3 Likes |
Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by IronGalaxy: 11:39am On Mar 04, 2020 |
lloyds:You Nigerians though, why do you guys love white people so much? It really really baffles me! 4 Likes |
Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by IronGalaxy: 11:40am On Mar 04, 2020 |
9jaRealist:Good observation 1 Like |
Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by IceeSeth: 11:46am On Mar 04, 2020 |
If this news is really true, then Africa as a continent is doing really bad. A country that has an oil based economy, saddled with different kinds of internal issues, haba! Does it mean that no other African country is even doing really well apart from Southie and Naija? We don't deserve such honour, some other country should take it |
Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by IronGalaxy: 11:51am On Mar 04, 2020 |
[quote author=Area4Area post=87150361]Countries around the world go through recessions at different points and you and I know that not all South Africans are living the good life. Do you expect us to get there when we having negative or positive growth? If SA continues with its negative growth, [b]it would definitely become another Zimbabwe[/[/b]quote]You say all countries go through recessions, rightly so but why then will our recession lead us to the Zim situation? Why is our recession different? Methinks it's what y'all wish 1 Like |
Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by IronGalaxy: 11:54am On Mar 04, 2020 |
PARACLETOS:smh. Should have saved your data my guy 3 Likes |
Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by Nobody: 11:56am On Mar 04, 2020 |
sulaak:Exactly even if it is 13trillion dollars and we can't even boast of four hours of electricity in a day what is the use. |
Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by eguarojeona: 11:56am On Mar 04, 2020 |
Rossinnki:SA economy is in recession.Yes o.Lets split.The south is tired of carrying the parasitic, backward and fundamentalist north everytime.And they always bring their illiterate and nepotistic politicians to lord it over everyone.Dragging the country backwards. |
Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by IronGalaxy: 11:58am On Mar 04, 2020 |
sims001:How are we lazy but then build roads, ports , build new hospitals, power plants etc? Your people hop to South Africa daily to enjoy these fruits of labour of the very same "lazy people". And what does Xenophobia got to do with this? 2 Likes |
Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by eguarojeona: 11:59am On Mar 04, 2020 |
Officialgarri:Buharist are poverty merchants.SA economy is in recession,lol.See achievement.Someone has 10F, you have 25F you are celebrating.Buharist sha no too wise.Celebrate failure while he enrich his family and his northern brothers.lol |
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