Rossinnki:


Abeg make we hear word. How many cities are in Ivory coast? One or two maximum. Please spare us that rubbish. As for Biafra, she made weapons out of desperation cos no one else would sell her weapons. This ''ingenuity'' nonsense smacks of racial inferiority complex. We take Asian and European manufacturing for granted, but when Africans do it it shows ''ingenuity''? What's that about?

And there is really nothing to suggest that Biafra would have been especially productive, given the huge oil wealth that would have accrued to the govt and relatively small population. Necessity is the mother of invention. Huge oil wealth removes the 'necessity' for 'invention' when you can just import everything, like Saudi Arabia or UAE.

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

frosbel2:


Actually, you are right but also wrong. Yes, Nigeria in 2018 was the largest economy before ceding to SA. SA has now fallen behind. The news article in link below is actually as recent as yesterday !!

https://www.bloomberg.com/news/articles/2020-03-03/nigeria-now-tops-south-africa-as-the-continent-s-biggest-economy

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!

lloyds:


Don't mention gaining Independence please. If South Africa is still being ruled by the white, they would be experiencing this backward situation now.

If whites have continued ruling Nigeria side 1960. . We would have galloped into advancements....

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

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.

no mind them, I'm from that region but still advocate for one Nigeria, I only want restructuring

myobjective:


I will take it that you have so little knowledge about South Africa!

South Africa has a 100 years head start over Nigeria. She has a very developed mining industry which was developed by the British in the early 19th century, bigger landmass, well-developed manufacturing sectors for over 100 years. So, how is Nigeria richer than South Africa?

Nigerians are living in fool paradise, unaware of the enormous task they need to carry out to position their country on the part of growth. Filled with an entitlement mentality that they don't plan, work hard enough, pay tax, want all the subsidy in this world and wail endlessly when things are not going well.

The line of thinking that 2million barrel of crude oil will automatically turn Nigeria into a powerhouse is laughable

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.

Commentor:


How much do you generate for the economy?

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

Cchuks27:


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.

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

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!

90% of weapons used by Biafran soldiers were supplied by France and Angola.
you can confirm that from your ancestors.

Odinaka00:


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

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.

frosbel2:


Lol, the biggest economy with the largest number of broke people, oh please.....

The two are not mutually exclusive. China is the second-largest economy in the world and her people are much poorer than say Japanese.

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.

Odinaka00:
A country that has over 200mill is dragging with a Country that has only 50million? Shame.

A country that gained her indepence in 1960 vs a Country that gained her indepence in 1994? Big shame

Erm..... Gained independence in 1994 from which country exactly?

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.

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.

[s]

Commentor:


Say something that proves you are capable of critical thinking.

[/s]

myobjective:


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.

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.

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.

was waiting for the usual bragging, it came fast enough

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.

In their usual voice, Blomberg yaf join BMC

lloyds:
Despite border shutdown. . Nigeria still flying. Welldone Nigeria.

South Africa is gradually experiencing what Zimbabwe experienced. When economic leadership is returned back to the blacks, corruption takes over.

An average black man is greedy and evil by default. Don't be surprise where they will be in 10 Years. .

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!

enemybulldozer:
The same way we don't see you on fulani terrorism related threads. Meaning you like and support what they are doing the way buhari and his cabal do.

Nigeria is not our country, how can a British experiment be a country to a great tribe like Igbos??

You and your likes are free to love and hold on to the zoo but don't force us to do the same with you.

who gave una the title great....??
remember people that called themselves great....??
who are they today....??
hubris....

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.

Nothing to celebrate about though. Nigeria topped South Africa not because we performed better than them but because they performed worst than us.

Cchuks27:
This does not even make any sense. Considering the resources, Nigeria shouldn't even be dragging with south Africa. While the report might be true, however, does it really capture the reality in the country? Currently, Nigeria is saddled with terrorism, banditry, unemployment, etc.
In essence, Nigeria is facing way too many challenges which has negatively affected the development of the country. We should normally be miles ahead of South Africa.

Er...South Africa an abundance of resources too

lloyds:


Don't mention gaining Independence please. If South Africa is still being ruled by the white, they would be experiencing this backward situation now.

If whites have continued ruling Nigeria side 1960. . We would have galloped into advancements....

You Nigerians though, why do you guys love white people so much? It really really baffles me!

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.
>

Good observation

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

[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

PARACLETOS:
South Africa hates Nigeria and they spark xenophobia. Many Nigerians left and now there is Recessionophobia��

smh. Should have saved your data my guy

sulaak:
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.

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.

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.

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.

sims001:
Effects of xenophobia. Most investors have been chased out but it's an irony that an average South African is lazy with little or no idea. This is just the beginning of their Waterloo.

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?

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.

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