₦airaland Forum

Maybe? Until then it's still flying unlike Nigerian Airways

Shaytun:
KQ should be sold, it’s never made profit, while it’s operating revenues keeps increasing year in year out.

It’s a dead airline, the only reason it’s still floating around is because your government keeps pumping money into it.

It’s a lost cause

I don't. Link.

Shaytun:


You do know Nigerians have the highest number of private jet and helicopters in Africa......right??

rvp2018:
Giant of 200M per capita is with Niger and Chad.

Cry me a river rvp.

Truth of the matter is we beat you in the airline industry without even trying.

Cos here in Nigeria we consider the airline industry as moribound, it just started reviving in the last 2 years ...but we’ve already left you in the dust.

rvp2018:
I don't. Link.

My pleasure..


“Nigerians have spent $6.5bn on private jets, making it the largest market in Africa for luxury aircraft and one of the fastest growing in the world.”

https://www.bbc.com/news/av/business-26385687

And keep in mind this was 2014.....and it has been increasing ever since.

rvp2018:
RSA nominal GDP ten years ago was 420B - and now is just well over 330B. It very bad
Kenya nominal GDP has risen from 40 to nearly 100B - we are even due for re-basing. It very excellent.
I am am NOT an economist - I am software engineer.

Ok let me try and dumb it down for you..... I never said the SAn economy was doing well......... All I pointed out us that you don't know anything about GDP and economics in general and thus should never attempt to calculate GDP.... Ever!!!!

gallivant:
Actually he whooped your butt as usual you are just too busy patting your own back to see it.

why you always looking for my attention gallivant

rvp2018:
Maybe? Until then it's still flying unlike Nigerian Airways

Nigerian Airways is the past, we’ve moved from that and learnt from it.

You should too.

AU sorry oo, but you don’t mess with Nigeria.

Congrats Okonjo iweala.

Safaricom approaches 15B dollars in valuation. Should now be comfortably in the top 5 in Africa in market cap. And yet they are only in the kenya market.

Now only Nasper, First Rand, Anglo America plantinum and Absa Bank above them.

https://www.businessdailyafrica.com/bd/corporate/companies/safaricom-share-nse-to-a-12-month-high-3291304

jln115:
Ok let me try and dumb it down for you..... I never said the SAn economy was doing well......... All I pointed out us that you don't know anything about GDP and economics in general and thus should never attempt to calculate GDP.... Ever!!!!

As a student who once did macroeconomics as a unit, I can confidently tell that rvp2018 has just demolished you in that debate ..

Your point was that GDP is calculated in dollars and rvp's point was GDP is calculated in local currency, all of you were right. the local currency can be converted to dollars (which is the universal currency) If countries comparison is something to go by.
Furthermore, the international monitory organization like IMF, WB etc will not use local currency to determine the exact normal gdp of a country therefore, they will also convert it to dollars.
on your side which you were also right, gdp is also defined as dollar amount of all the final goods and services produced, it all depends with your point of view.

For instance, Kenya gdp value is always in trillions, that's the figure which our government uses when determining our economy strength.


On your second point, rvp told you that SA economy is shrinking which is true going by the statistical trend, on the other hand, Kenya economy has been in hyperactive state since 2014 and no point where kenya stagnated hence when he tells you kenya will one day catch up, He basically mean it going by statistical trend .

This is another smart city in interior rural kenya.

Butere village is transforming into European state.

This project is being run by a kenyan.

Mwale city in Butere village.

This city will greatly transform the local communities.

A mini supermarket and mwale hospital.

rvp2018:
RSA nominal GDP ten years ago was 420B - and now is just well over 330B. It very bad
Kenya nominal GDP has risen from 40 to nearly 100B - we are even due for re-basing. It very excellent.
I am am NOT an economist - I am software engineer.

We're overdue for rebasing. Last one was 2014 finding us 25% bigger. Since then there have been some structural changes.
Agriculture particularly fishfarming and horticulture have grown TREMENDOUSLY as has IT and mobile based app biz.
Imo, another minimum 20% of GDP judging from certain robust domestic stats eg,local tourism is being undercounted.

rvp2018:
Safaricom approaches 15B dollars in valuation. Should now be comfortably in the top 5 in Africa in market cap. And yet they are only in the kenya market.

Now only Nasper, First Rand, Anglo America plantinum and Absa Bank above them.

https://www.businessdailyafrica.com/bd/corporate/companies/safaricom-share-nse-to-a-12-month-high-3291304

Rmbr when they first floated shares in '08? Maina of Equity warned against taking loans and was ignored. IIRC price stayed at 5-7 shs for almost 5 yrs!?

Everyone, doctors, teachers, Okada guys, mortuary attendants, poachers, roadside vulcanizers, EVERYONE bought!

Shma2020:
As a student who once did macroeconomics as a unit, I can confidently tell that rvp2018 has just demolished you in that debate ..

Your point was that GDP is calculated in dollars and rvp's point was GDP is calculated in local currency, all of you were right. the local currency can be converted to dollars (which is the universal currency) If countries comparison is something to go by, furthermore, the international monitory organization like IMF, WB etc will not use local currency to determine the exact normal gdp of a country therefore, they will also convert it to dollars.
on your side which you were also right, gdp is also defined as dollar amount of all the final goods and services produced, it all depends with your point of view.

For instance, Kenya gdp value is always in trillions, that's the figure which our government uses when determining our economy strength.


On your second point, rvp told you that SA economy is shrinking which is true going by the statistical trend, on the other hand, Kenya economy has been in hyperactive state since 2014 and no point where kenya stagnated hence when he tells you kenya will one day catch up, He basically mean it going by statistical trend .

uhm no dickhead.......... I said GDP Nominal is calculated on a base price of goods in dollars(which it is) ......and Real GDP is calculated by using a GDP deflator or in other words to put it very simply it's calculated in local currency(technically prices adjusted for local inflation)

Your id0it friend said nominal gdp= Real GDP / exchange rate.

Also I wasn't arguing about the SAn economy doing good or bad.....simply stated that RVP shouldnt try and calculate something he knows nothing about.

jln115:
uhm no dickhead.......... I said GDP Nominal is calculated on a base price of goods in dollars(which it is) ......and Real GDP is calculated by using a GDP deflator or in other words to put it very simply it's calculated in local currency(technically prices adjusted for local inflation)

Your id0it friend said nominal gdp= Real GDP / exchange rate.

Also I wasn't arguing about the SAn economy doing good or bad.....simply stated that RVP shouldnt try and calculate something he knows nothing about.

Okay dingwad
.. As far as you're trying to deflect from what you previously stated , you won't escape the hook of this student here.

The GDP deflator is a measure of price inflation and It is calculated by dividing Nominal GDP by Real GDP and then multiplying by 100.. In other words
It is calculated using nominal GDP and real GDP and not the vise versa as you're putting it.

And mind you, nominal GDP is just the same as real gdp as rvp had stated only that in one, services produced are adjusted for inflation and the other one is not.

Incase there are no changes after adjustment for inflation, then the values will still tally and won't reflect on the final output. So rvp was still right.

Shma2020:
Okay dingwad
.. As far as you're trying to deflect from what you previously stated , you won't escape the hook of this student here.

The GDP deflator is a measure of price inflation and It is calculated by dividing Nominal GDP by Real GDP and then multiplying by 100.. In other words
It is calculated using nominal GDP and real GDP and not the vise versa as you're putting it.

And mind you, nominal GDP is just the same as real gdp as rvp had stated only that in one, services produced are adjusted for inflation and the other one is not.

Incase there are no changes after adjustment for inflation, then the values will still tally and won't reflect on the final output. So rvp was still right.

I know how its calculated bro no need to post it simply to try and sound smart

My argument was that GDP Nominal and GDP real are different and in fact I stated this several times!! .... Your boy said they were exactly the same but GDP Nominal is simply GDP real / exchange rate.....

rvp2018:
I don't. Link.

Know this and know peace.

Obtuse,
Nominal GDP = Quantity A * CurrentPrice
Real GDP= Quantity A* BasePrice
All in local currency.

jln115:
uhm no dickhead.......... I said GDP Nominal is calculated on a base price of goods in dollars(which it is) ......and Real GDP is calculated by using a GDP deflator or in other words to put it very simply it's calculated in local currency(technically prices adjusted for local inflation)

Your id0it friend said nominal gdp= Real GDP / exchange rate.

Also I wasn't arguing about the SAn economy doing good or bad.....simply stated that RVP shouldnt try and calculate something he knows nothing about.

For gov to continue borrowing they have to rebase and hope the GDP is underestimated - otherwise we are hitting dangerous gdp to debt level.

kikuyu1:
We're overdue for rebasing. Last one was 2014 finding us 25% bigger. Since then there have been some structural changes.
Agriculture particularly fishfarming and horticulture have grown TREMENDOUSLY as has IT and mobile based app biz.
Imo, another minimum 20% of GDP judging from certain robust domestic stats eg,local tourism is being undercounted.

rvp2018:
Obtuse,
Nominal GDP = Quantity A * CurrentPrice
Real GDP= Quantity A* BasePrice
All in local currency.

Thats not what you said

rvp2018:
Obtuse,
Nominal GDP = Quantity A * CurrentPrice
Real GDP= Quantity A* BasePrice
All in local currency.

also you are wrong btw wrt the above

jln115:
why you always looking for my attention gallivant

I was just looking out for a friend.

gallivant:
I was just looking out for a friend.

ahhh!!! So nice of you to look out for your special needs friend

jln115:
ahhh!!! So nice of you to look out for your special needs friend

Nigerians Now Head AFDB, OPEC, WTO And Other International Organizations
OPEC
- AFDB
- UN
- ICC

and now:

- WTO

His Excellency Mohammad Sanusi Barkindo of Nigeria assumed office today in his role as Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) at the OPEC Secretariat in Vienna, Austria.



Dr Akinwumi "Akin" Adesina is the President of the African Development Bank. He previously served as Nigeria's Minister of Agriculture and Rural Development.


Amina J Mohammed is a Nigerian diplomat and politician who is serving as the fifth Deputy Secretary-General of the United Nations. Previously, she was Nigerian Minister of Environment from 2015



Chile Eboe-Osuji (born 1962) is a judge of the International Criminal Court, The Hague since March 2012 and was elected as President on 11 March 2018. His election into the Presidency of the International Criminal Court is for a three-year term.



The World Trade Organization (WTO) has appointed former Nigeria's finance minister Ngozi Okonjo-Iweala as the new director-general. Ngozi now becomes the first woman and also African to lead the Switzerland-based institution.