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Nairaland Forum / Nairaland / General / Politics / IMF: Nigeria Remains Largest Economy In Africa, 26th In The World (24639 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 obama30: 4:10am On Dec 30, 2020 |
ijustdey: Yes best economy in Africa because of oil and population, not because politicians create it. Nigeria still among one of the worst place to live in Africa. What does it profit a man to die like a replaceble property without government doing anything for security. |
Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by Nobody: 6:00am On Dec 30, 2020 |
Simplyleo:
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Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by Urstinho(m): 6:28am On Dec 30, 2020 |
But the GDP still doesn't reflect on the per capita(which is among the lowest in the world). It beats my imagination that we have the largest economy in the continent yet labeled the poverty capital of the world. well, maybe economist can explain better. |
Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by okunwaye(m): 6:36am On Dec 30, 2020 |
U |
Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by Rosskivvyy: 7:01am On Dec 30, 2020 |
Urstinho: Nobody labeled you 'poverty capital of the world'. That was a phrase invented ENTIRELY by Nigerians. All the stats claimed was that Nigeria (largely due to her high population in a developing country) was home to more poor people than any other country on earth. 1 Like |
Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by nameo: 7:35am On Dec 30, 2020 |
uptimumOne23: Whats your point biko. We are still number one cos the diferrence between us.and the 2nd and 3rd placed countries (SA and Egypt) after the rebasing was almost $200billion. Even with a decrease of almost $90billion dollars now(under Buhar, those countries could not have been able to surpass us except they growth exceptionally during those years Come on, i really didnt have to explain this. It should be self-evident 1 Like |
Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by Runtown07: 7:45am On Dec 30, 2020 |
prekumohtim:we are in zoo my brother., almighty God will help us out. |
Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by lexy2014: 8:41am On Dec 30, 2020 |
gtown: Pls what is d enabling environment that u say enables eriokanmi to export his cassava? U say people want d president to fail. D question is has d president succeeded? |
Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by uptimumOne23(m): 8:47am On Dec 30, 2020 |
gtown: They're confused people |
Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by lexy2014: 8:49am On Dec 30, 2020 |
Buccalcavity2: Based on what u said, d question is how was GDP measured in this case? If u can answer that, then u will see where d population of nigeria plays a very important role in making it's economy d largest in Africa |
Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by Jasperado: 9:04am On Dec 30, 2020 |
Yet, the Nigerian masses are getting poor and poorer on daily basis.
Yet, Nigerian maitain the poverty of the world..
Hmmm.... I guess this an is irony. We are just been mocked |
Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by marylandcakes: 9:07am On Dec 30, 2020 |
Who compiles these reports? Were they high on something? |
Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by Eriokanmi: 11:14am On Dec 30, 2020 |
lexy2014:Do don't mind that ignoramus of a being called gtown. I simply ignored him because we know their type. Sycophantic sense doesn't take one anywhere and that's exactly what his likes exhibit. In simple terms, what a business-oriented being means by enabling environment among others are... 1-Peaceful and secure atmosphere. Buhari has failed in this. You and I know how volatile Nigeria is today, security wise. America is even warning their citizens of traveling to some areas in Nigeria as we speak. Life means nothing under this regime with scores being killed and kidnapped by islamist terrorists everyday. 2-Stable electricity ...which they even promised would happen within 2 years in 2015 when campaigning, which made someone like me fell for their lies and voted them. You and I know buhari has also failed in this, 6 years after. The last time I checked, instead of improving electricity supply to businesses and homes, they increased tariff by 90%. Just ask if the sycophant has constant electricity in his home today, if only he wouldn't dodge the question. 3-Loans to SMEs. Buhari has also failed in this. I recollected what he said in a town hall meeting in lagos ahead of the presidential election in 2015, that loan would be provided to SMEs to grow their business via bank of industries and other government economic policies. From the list I had, not up to 200 SMEs had successfully got BOI loan in 6 years in a country of iver 200m population. Those successful applicants were either children of serving or retired politicians. This government is a joke. Can we call the 30k N-power money or 10k trader moni, either of which is less than 100usd as SMEs empowering loan? Common! Ask gtown how much is 1usd today and he would deviate from the discussion or blame Jonathan admin who had left power over 6 years ago during which 1usd was exchanged for 160 naira for the Buhari's economic policy failure . You see... being sycophantic is injurious...to both those practising it and the country they live in because they also share in the pain. 4-Healthcare In 2015 still during lagos Town Hall meeting which I attended, buhari told us he will improve our Healthcare system and stop political office holders from travelling overseas to seek medical treatment. The last time I checked, baba go slow had travelled abroad more than any sitting president in Nigeria history to treat ordinary ear infection . A good leader would always walk his talk and lead by example. His wife too had run a couple of trips overseas on medical tourism. His daughter even gave birth overseas. What a government...what a leader...! Covid-19 came and began to kill them one after the other while the poor they've failed to protect keep waxing strong. God isn't man you know. In 2017 aisha buhari cried that there was nothing in state House clinic, the facility which occupied less than one acre of land but allocated a whopping 13.5billion in budget prior to that year. This is a facility that's supposed to take care of president, the vice and their family members only. It was under management of the Presidency attached to late Abba kyari who was killed by Covid-19. You see life? If they could fail in putting such a small facility in shape after spending such huge sums which they eventually embezzled, how much more public hospitals where SMEs and their staff could go for medical treatment. None of my staff uses a public hospital. We have a robust health insurance package for them. You depend on this government at your own risk. I benefit nothing from Buhari or the federal government in exporting my products rather they eat my money in tax. I just became lucky for the angel investors whom my business partners introduced to me. Oyinbos are nice people if they find you to be trustworthy. This government is a joke. I can go on and on to highlight what creation of enabling environment by government is all about. @gtown doesn't simply know what he's talking about. He's one of the lazy youths on nairaland 1 Like |
Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by winterfell007(m): 3:49pm On Dec 30, 2020 |
nameo: I wonder why you keep educating that zombie. Allow him to wallow in his ignorance. He's forgotten that when the GDP of the economy was revised in 2014, oil even contributed far less to our GDP when compared with our manufacturing, telecommunications, entertainment that contributed hugely to our GDP. He doesn't even know that our GDP even witnessed a contraction under that buffon 2 Likes |
Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by favor914: 5:00pm On Dec 30, 2020 |
Eriokanmi:Long rubbish, Nigeria is made up of 3 tiers of Government, The Federal, States, & Local Government, all you mentioned in your baseless epistle is The Federal Government, what of the States, & Local Government as enshrined the constitution of 1999 as amended? Don’t they make up a substantial part of the Gross Domestic Product? Stop been prejudice in your assertions, has the Governor that you voted for achieved his pre electoral promises? |
Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by MPSA(m): 8:27pm On Dec 30, 2020 |
My Favorite topic on nairaland, The Giant Talk |
Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by Urstinho(m): 6:27am On Jan 01, 2021 |
Rosskivvyy: You're right. but the government can do better in poverty alleviation with all the resources at our disposal. |
Re: IMF: Nigeria Remains Largest Economy In Africa, 26th In The World by Nobody: 8:21pm On Jan 18, 2021 |
Buccalcavity2:If only we can have like 5 states like Lagos in Nigeria, then we will be heading to a trillion dollar economy 1 Like |
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