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IMF: Nigeria Remains Largest Economy In Africa, 26th In The World - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / IMF: Nigeria Remains Largest Economy In Africa, 26th In The World (24630 Views)

Nigeria To Become Africa’s Fourth Largest Economy In 2024 – IMF / GDP: IMF Ranks Nigeria 1st In Africa, 26th In The World / IMF: Nigeria To Lose Over $26 Billion From Oil Exports (2) (3) (4)

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Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by 0taPiaPia(m): 8:04pm On Dec 29, 2020
BigSarah:
Ok, thanks to buhari and osibanjo all Nigerians are living large. If you're not living large it's probably cause you're not a Nigerian...
IMF has given paid agents something to juggle at our faces, next year imf will declare the economy a failed economy like the financial times!

Don't mind the modafuckas..

1 Like

Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by CSTRR: 8:04pm On Dec 29, 2020
favor914:
How, Is Buhari Nigeria? Rhetorical talk, what have you done to add value to your life, Buhari will be gone in 2 and a half years time, we will see who you will blame for your deplorable life then?
How is buhari Nigeria?
This is one of the most stupid questions I have seen on this forum.

With or without Buhari, my future is secured.
I have divested assets away from the Nigerian economy.

He is not going to wreck my future the way he has wrecked yours and millions of people.

1 Like

Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by nameo: 8:05pm On Dec 29, 2020
Afamed:
Long Live Federal Republic of Nigeria

Long Live PMB

Long live PYO

Look at this Zoombie, lolz

They are all coming out grin
Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by authority2006(m): 8:05pm On Dec 29, 2020
Losers will not celebrate this, it doesn't represent what they stand for. They are always looking for negative news just to vent their frustration

1 Like

Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by descarado: 8:06pm On Dec 29, 2020
As long as they are coming to borrow from you, entice them with sweet words to take home with grin

Somebody gat to borrow that money. Some countries gat to remain subdued. Politics

1 Like

Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by Sponsor222(m): 8:06pm On Dec 29, 2020
U Dey whine me
Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by 35824L: 8:06pm On Dec 29, 2020
Some people wish that this were not true. They will not excalate this because it doesn't fuel their hate for PMB.

6 Likes 4 Shares

Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by favor914: 8:06pm On Dec 29, 2020
nameo:


This has nothing to do with this Govt i.e that we are still the largest economy in Africa.

The current Nigerian GDP size is $422.9billion while it was $510billion in 2014.
That is actually a decrease of almost $90billion under Buhari.

The only reason we are still the biggest is cos other close African countries no try.

So stop praising Buhari. It makes you look very ignorant

The $90 billion dollars decrease, has to do with the devaluation of the Naira.

2 Likes

Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by jaxxy(m): 8:06pm On Dec 29, 2020
Fat lie. Unless Ure talking about population? Largest and poorest at same time. undecided

4 Likes

Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by INTEGRITYA1(m): 8:07pm On Dec 29, 2020
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Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by authority2006(m): 8:08pm On Dec 29, 2020
nameo:


This has nothing to do with this Govt i.e that we are still the largest economy in Africa.

The current Nigerian GDP size is $422.9billion while it was $510billion in 2014.
That is actually a decrease of almost $90billion under Buhari.

The only reason we are still the biggest is cos other close African countries no try.

So stop praising Buhari. It makes you look very ignorant


What was the price of crude oil in 2014 and now? The fact that we're still on top amidst plummeted oil price means that Buhari economic policy had a positive impact on our GDP.

6 Likes 3 Shares

Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by descarado: 8:08pm On Dec 29, 2020
authority2006:
Losers will not celebrate this, it doesn't represent what they stand for. They are always looking for negative news just to vent their frustration
If u did simple economics, u shouldn't be rejoicing at all.

There is nothing to rejoice in when those that held you in bondage are praising you.
Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by Praxis758: 8:09pm On Dec 29, 2020
They use productivity to calculate GDP. Not national revenue


Pls educate us.
Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by Heffalump(m): 8:10pm On Dec 29, 2020
Freestainworld:
That is how they keep deceiving that dullard in Ao rock, he will now think he is working.

Does the Dullard know anything about GDP? He may think it's grasses for feeding cows undecided
Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by CSTRR: 8:11pm On Dec 29, 2020
authority2006:
Losers will not celebrate this, it doesn't represent what they stand for. They are always looking for negative news just to vent their frustration
https://www.afdb.org/en/news-and-events/nigeria-becomes-largest-economy-in-africa-with-509-9-billion-gdp-12981

That was as far back as 2014 when buhari was still an aspiring president.

You are like a clown in the midst of sane people.

1 Like

Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by nnamdico82: 8:11pm On Dec 29, 2020
Nkwa! Just negodu
Where is Mr righteousness self?kwana biu
uptimumOne23:
Nigeria going places...this is not an easy feat.

No 1 is the target

God bless Baba Buhari and Osinbajo
Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by Afamed: 8:11pm On Dec 29, 2020
nameo:


Look at this Zoombie, lolz

They are all coming out grin
We barely trade banters with Nulii Secundus fellow

1 Like 1 Share

Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by authority2006(m): 8:11pm On Dec 29, 2020
descarado:

If u did simple economics, u shouldn't be rejoicing at all.

There is nothing to rejoice in when those that held you in bondage are praising you.

Who's rejoicing here? All I said was that it doesn't look like what makes guys infest Nairaland threads, simple

1 Like

Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by Rebelutionary: 8:12pm On Dec 29, 2020
greatsly:
Nigeria is a country with great potentials. There is no country in the World that is so richly bless with infinite opportunities for greatness like Nigeria. This Nation has got all it take to be the best in the world.


Nigerian's especially the Young should take time to study their country, look inward and tap into the numerous potentials that this Nation offers for their own greatness. If foreigners from Asia, middle east and other countries can be trooping in to make success for themselves how much more the citizens.

Do not listen to the negative comments and opinions of people about Nigeria. That is their mindset. Create your own dream and work towards it.

This is the easiest country to be Rich, let no one decieve you. There are several challenges that needs solutions, just solve one and you are made. The developed economics are already saturated with solutions, so there is nothing new.
Any youth who does not key into this mindset in 2021 is in serious trouble I must say... God bless you for this insightful comment.

You can jump from one thread to the other feeding the negativity that abounds or you can choose different in the new year and make a difference while other nationals come in and hit gold!

2 Likes

Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by favor914: 8:13pm On Dec 29, 2020
Heffalump:


Does the Dullard know anything about GDP? He may think it's grasses for feeding cows undecided
And you at the bottom of the ladder knows what GDP is? Anyway the best graduating student of your university works for the Federal Government, he has enough advisers.

1 Like 1 Share

Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by nameo: 8:13pm On Dec 29, 2020
favor914:
The $90 billion dollars decrease, has to do with the devaluation of the Naira.

That is not fully true.

There are 2 recessions i.e at least 4 consecutive negative growth in the economy( that is a CONTRACTION in the economy). Coupled with the fact that even those months when we witnessed growth, they were low growth(in fact, growths that was lower than the population rate). In such situations, you are bound to see a decrease in the effective GDP size.

Even the devaluation, which contributed, is actually a symptom of the poor state/growth of the economy in the last few years.
Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by uptimumOne23(m): 8:14pm On Dec 29, 2020
nameo:


This has nothing to do with this Govt i.e that we are still the largest economy in Africa.

The current Nigerian GDP size is $422.9billion while it was $510billion in 2014.
That is actually a decrease of almost $90billion under Buhari.

The only reason we are still the biggest is cos other close African countries no try.

So stop praising Buhari. It makes you look very ignorant



Then it's safe to say those African countries are also suffering from the drop in crude oil price and again with the covid-19 lockdown like we are.

Buhari and Osinbajo had done well in managing and growing our economy

2 Likes 2 Shares

Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by Akuruoulo(m): 8:14pm On Dec 29, 2020
This is no news . Nigeria have been the biggest economy in Africa
Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by Etinosa1234: 8:15pm On Dec 29, 2020
Igbos didn't like this

2 Likes 1 Share

Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by nameo: 8:16pm On Dec 29, 2020
authority2006:


What was the price of crude oil in 2014 and now? The fact that we're still on top amidst plummeted oil price means that Buhari economic policy had a positive impact on our GDP.

Lolz.... Ignoramus

What is the link of crude oil price and GDP size?
Do you even know the percentage of Oil and Gas to the GDP of Nigeria?

Shift joor

And plzz, do not ever talk of "Buhari economic policy" except you wanna get your finger really burnt

2 Likes

Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by Afamed: 8:18pm On Dec 29, 2020
Too many witchcraft children. Any positive news about Nigeria, it becomes an headache to pathetic bitter children of luciver
Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by Rubicon67(m): 8:19pm On Dec 29, 2020
Unfortunately, that doesn't reflect on the wider socio-economic security and wellbeing of her citizen.
Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by faste: 8:20pm On Dec 29, 2020
As usual,fake ranking.Largest economy without job...Unemployment everywhere,let them keep deceiving the zoo!
Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by nameo: 8:20pm On Dec 29, 2020
uptimumOne23:


Then it's safe to say those African countries are also suffering from the drop in crude oil price and again with the covid-19 lockdown like we are.

Buhari and that's done well in managing and growing our economy

Crude Oil prices...their greatest refrain!!!

Most African countries do not produce oil, Bros.

Buhari could not have managed the economy better when EVERY (i mean All) economic index under him(GDP size, growth rate, Inflation rate, Poverty rate, Employment rate, Foreign Exchange, Flow of Investment, Balance of Payment, Value of import and Export, stock etc etc etc) have gone SOUTH under him.

There are just certain arguments you guys should never make aloud

1 Like

Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by authority2006(m): 8:21pm On Dec 29, 2020
CSTRR:

https://www.afdb.org/en/news-and-events/nigeria-becomes-largest-economy-in-africa-with-509-9-billion-gdp-12981

That was as far back as 2014 when buhari was still an aspiring president.

You are like a clown in the midst of sane people.
nameo:


Lolz.... Ignoramus

What is the link of crude oil price and GDP size?
Do you even know the percentage of Oil and Gas to the GDP of Nigeria?

Shift joor

And plzz, do not ever talk of "Buhari economic policy" except you wanna get your finger really burnt

The real clown and ignoramus here are both of you. Tell me the price of crude oil back then and now. That GDP didn't represent real manufacturing and production, just oil boom. Today, the price of crude oil is nothing to write home about but we're still on top. The question you should have asked yourself is, why? Because Buhari's economic policy restricted excessive importation and tried to make Nigerians look inward and produce as much as they could.
Now, if you are really interested in this, let's dig up the contributions from crude oil for both 2014 and 2020. Then take a look at GDP from other sectors excluding oil for both 2014 and 2020. Only then you will realise that you don't know anything about economy

1 Like

Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by Etinosa1234: 8:22pm On Dec 29, 2020
descarado:

If u did simple economics, u shouldn't be rejoicing at all.

There is nothing to rejoice in when those that held you in bondage are praising you.

The truth is, if it was a negative report they have, u would have taken it at face value...

Just rejoice for once

2 Likes 1 Share

Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by kendocom: 8:24pm On Dec 29, 2020
Being number one GDP in Africa does not translate to the standard of living as most nigerians lack the necessary basic amenities

3 Likes

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