Rvp2017's Posts
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First understand what GDP is and we can proceed. Population has NO bearing. It only comes into play during Per Capita calculation. What is measured is good and services produced/consumed. Our Kenyan tea is measured based on quantity produced and prices it fetches - and the same case with service sectors. I'd love to hear how Nigeria telcom sector contribute 10% of the 500B USD! This Nigeria GDP is intriguing. It's audacious in the way it's overcooked. Sadly for you - nobody believe it. 1) NO lender believes it - so you're not getting any loan soon.Kenya when it's issued it Euro-bond (now 4B dollars) it was oversubscribed by 8000%. Chinese have pumped loans worth more than 10B dollars. Because we have revenue (taxes) that can repay the loan. Nigeria with measly 36B budget - cannot even pay decent wages to teacher or army. 2) NO Investor believes it- so no FDI for you. You have to wait for sole man Dangote to try his monopolistic and corrupt ways.SO your GDP is basically useless...except for lying Nigeria politician to cheat you that "Nigeria is Africa GIANT". Really - when did South Africa and Egypt die ![]() Daejoyoung: |
This is exactly what is wrong with Nigeria. The NCC is quoting figures from NBS . In the rest of the world - it would be NBS quoting NCC. NCC would be collecting data every Quarter and that will be what NBS can use to cross-reference.Daejoyoung: |
There is nothing black or white about stats or facts. These are COLD HARD EMPIRICAL DATA. Daejoyoung: |
Thanks dude - at least one Prof - who has taken the time to understand the whole Nigeria GDP charade kikuyu1: |
You don't make much sense. That is probably because you attended one of Nigeria bad universities. GDP doesn't measure or factor population. It suppose to measure goods and service produced.All this from empirical data that is cross-referenced/checked for accuracy. For instance Telcom - you can have 140M mobile customers - but what are earnings of all Nigeria telcom sector? The fake Nigeria GDP claims your telcom sector is 10% of the economy - that is whopping 50B dollars created annually - can you show me where that 50B worth of TELCOM services in Nigeria annually? What data did Kale Yemi use to cook that? To help you and Yemi Kale -- here is what South African think their telcom sector is worth (2.7% of their GDP) Excluding broadcasting and postal services, the telecommunications industry was worth R148.8bn in 2016, with its value increasing by 1% year-on-year. The sector contributed 2.7% to GDP and employed 26,669 people, according to the Independent Communications Authority of South Africa And Kenya 2012--The value of Kenya's ICT sector is estimated at US$ 500 million and is expected to grow to US$ 1 billion by 2017. ▻ The sector contributed 2.9% to Kenya's GDP in 2012. Now I think i'ts about 2B dollars worth of services. All this from Communication Authority of Kenya that rigorously collect and analyse data - and have it validated by the very best economist & researchers - NOT COOKED DATA. And the Nigeria con-statistician - out of the blues - Nigeria telcom sector created $50B annually and 10% of GDP. And yet it struggling to raise 3B taxes.. And trust me Nigeria telcom is crap when compared to South Africa & Kenya. You just have 150m or more doing very little beyond making calls & texting!! Daejoyoung: |
That would be so unfortunate. Your country is hopeless. Daejoyoung: |
Kikuyu1 Please help me understand Nigeria revenue BUDGET 2018 Revenue N'trillion Oil revenue 2.44 Non oil revenue 1.33 (3.6BUSD) -------------------this is about the total taxes collected in 500B giant economy ! seriously niga?Independent sources (+others) 2.84 Deficit 2.00 Aggregate revenue + borrowing 8.61 |
Sorry when I meant Kenya one was at infancy - I didn't mean to compare with Nigeria stillborn one. Kenya social program has been active since 2012 - and it has actively & regularly & monthly - without miss - remitted about 0.5B dollars to disable, orphans, vulnerable and the old (anybody above 7oyrs).It also remit monthly money to those dealing with hunger & drought in northern arid kenya. I think when you factor the contribution from donors...the total spending is about 1B USD. South Africa are on 13B usd...but soon we will catch up. Kenya also has long running National Health Insurance and National Social Pension (NSSF) - since I think 1980s - Nigeria one is at it's infancy - started around 2000s - and now in kenya the focus is UNIVERSAL HEALTH INSURANCE - meaning everyone will be covered by health insurance. nwoke37: |
Or maybe Yemi Kale cooked the GDP and it doesn't make sense anymore. I mean naturally in every country including Kenya - the bulk of taxes - will come from income tax - that is salaries - so I don't know how Nigeria formal employees manage to avoid paying taxes. If you remove the oil revenue from the taxes - basically GDP (Yemi Kale concoction) to tax ratio is nothing. My question 1) How do nigeria employees avoiding paying taxes 2) How do Nigeria companies some listed in Nigeria stock exchange including those 20 big banks avoiding paying taxes? -MTN Nigeria alone should be paying more than 1B USD per year. In kenya - top 10 companies - contribute about 2B USD AS TAXES? As for kenya - we are not doing so well - we are just at I think 20% - GDP to tax ratio - while likes of South Africa are 25-30% with Scandinavian countries doing 50%.But still projection for 2018/2019 is that we will collect 17B USD! In short Nigeria or LAGOS so called GDP DO NOT MAKE ANY ECONOMIC SENSE. Totally COOKED. OVERCOOKED. In my own estimation...Nigeria GDP should be around 150-200B USD! - about twice - at worse thrice kenya! - But DEFINITELY WAY LESS THAN SOUTH AFIRCA AND EGYPT. nwoke37: |
Or maybe Yemi Kale cooked the GDP and it doesn't make sense anymore. I mean naturally in every country including Kenya - the bulk of taxes - will come from income tax - that is salaries - so I don't know how Nigeria formal employees manage to avoid paying taxes. If you remove the oil revenue from the taxes - basically GDP (Yemi Kale concoction) to tax ratio is nothing. My question 1) How do nigeria employees avoiding paying taxes 2) How do Nigeria companies some listed in Nigeria stock exchange including those 20 big banks avoiding paying taxes? As for kenya - we are not doing so well - we are just at I think 20% - GDP to tax ratio - while likes of South Africa are 25-30% with Scandinavian countries doing 50%. But still projection for 2018/2019 is that we will collect 17B USD! nwoke37: |
IVY League in Kenya Suffice to say two kenyan initiative are sending more poor kids to IVY league every yr - and paying for their school fees or arranging scholarship - while Nigeria kids are probably on their own - despite all the billion of dollars from oil. Equity Bank foundation http://equitygroupfoundation.com/equity-group-airlift-to-global-universities-reaches-329-scholars-at-a-scholarship-value-of-kshs-8-225-billion/ Now spends 100M usd every year paying for kids in IVY league - with 400 plus currently admitted or studying in top universities. Kensap http://kensap.org/ KenSAP has placed students at: Harvard (18) Yale (11) Princeton (10) Brown ( ![]() Amherst (7) Cornell (7) Middlebury (7) Penn (7) Williams (6) Hamilton (5) Lehigh (5) Wesleyan (5) Colby (4) Dartmouth (4) Stanford (4) Tufts (4) Bowdoin (3) Brandeis (3) Columbia (3) Duke (3) MIT (3) Smith (3) U of Toronto (3) Barnard (2) Bates (2) Bryn Mawr (2) Kenyon (2) Mount Holyoke (2) Northwestern (2) Swarthmore (2) St. Lawrence (2) Carleton (1) Connecticut College (1) Davidson (1) Gettysburg (1) McGill (1) Michigan State (1) Oberlin (1) Pomona (1) Vassar (1) Wellesley (1) Wooster (1) |
Classic definition of a slum city Danielnino00: |
I really don't have time to go through all IVY league schools so will wait for some aggregated stats somewhere but suffice to say - it's Nigeria that need to fix it's education - not kenya - which the last decade has really fixed it's own. The number of Nigerian students in America has been on a general upward trend since the 1990s as a result of recurring crises in Nigerian higher education. According to statistics from the Institute of International Education, or IIE, in 2008 Nigeria replaced Kenya as the only African country in the top 20 places of origin and it remains in that position. “In the 2012-13 academic year, 7,316 students from Nigeria were studying in the United States, up 4% from the previous year,” noted an IIE fact sheet flowing from its latest Open Doors survey on student mobility in and out of America. Obi1kenobi: |
Kenya lead Africa in admission to IVY league schools https://www.capitalfm.co.ke/campus/kenyans-bag-top-admissions-ivy-league-universities-u-s/ ale Director for Africa “Kenyans continue to hold the largest share of admissions to Yale from Africa, which shows the premium the country puts on quality education.” Data from Yale University provided information on the admission rates of African students with Kenyans taking the biggest slice of the pie with 24 admissions. Nigerian followed closely in admissions with 23 students, Zimbabwe secured the third spot with 18 admissions and South Africa were in last with 16 admissions. |
Compare Prof Terry Ryan(St Trinity College & MIT Allumni - with lots of years in academia) with the conman Yemi Kale - Nigeria GDP main cook - Yemi Kale - Alumni of Adis Ababa university . GDP of 500B - that cannot raise even 10B of taxes? With total budget including states at mere 36BUSD?https://en.wikipedia.org/wiki/Yemi_Kale |
Here is Prof Terry Ryan (Chairman of Kenya National Bureau of statistics) - who head our statistics and monitary policy - making sure - for decades now- we don't cook our GDP like we over-cook our ugali or fufu ![]() https://kenyanewsagency.go.ke/en/wp-content/uploads/2016/10/DSC_9967-300x198.jpg No cooking GDP - naija style https://kenyanewsagency.go.ke/en/wp-content/uploads/2014/04/Prof.-Ryan.jpg Hear him explaining how improbable Naija GDP -500B of cowdung maybe ![]() https://www.coastweek.com/3807-housing.JPG Prof. Ryan is a Kenyan born economist who studied in Trinity College, Dublin and the Massachusetts Institute of Technology. He lectured in the University of Nairobi until 1983 when he was appointed Director of Planning in the Ministry of Planning and National Development of the Kenya Government. In 1988 he became the first Economic Secretary in the Ministry of Finance of the Kenya Government. |
One last lesson for the night for Naija fellows - KAA (Gov parastalal) who ran all our airports hires the best global talent - here is the nowergian running things now. https://i.ytimg.com/vi/qk2_FLGkH7U/hqdefault.jpg KQ Airways MD (Sebastian Mikosz -Polish) and Chairman (AmeriKenyan) are "onyibo" - Michael Joseph is now a Kenyan citizen and the guy behind M-PESA/SAFARICOM now KQ charmain https://www.capitalfm.co.ke/business/files/2017/09/MIKOSZ-JOSEPH-KQ.jpg And today - they sacked all Nigeria staff -https://www.nation.co.ke/business/KQ-sacks-Nigeria-staff--appoints-sales-agent/996-4396840-1vg664z/index.html JamboJet MD - https://i2.wp.com/aptantech.com/wp-content/uploads/2016/01/IMG_8537.jpg That is how you avoid 150 airlines collapsing and the largest Naija ariline Airik is now insolvent and is under Naija management. |
Why would you want to count aircrafts without valid insurance? for what purpose? or to INFLATE YOUR GDP ![]() Kenya airways has 9-10 dreamliners...at today prices you're talking 2B DOLLARS worth of dreamliners alone. [img]https://worldairlinenews.files./2014/04/kenya-airways-787-8-5y-kza-arrives-in-nairobi-on-4-5-14-kenyalr.jpg[/img] shervydman: |
The whole of Nigeria has few air crafts than one airline in Kenya - and all of them are small range one. When will you afford to buy a dream-liner.And you cannot buy with Naira - so quiting thinking purchasing power parity will help you (stupid argument if your think Naija is more developed than kenya). One dreamliner will cost you 200M dollars plus. That is probably the total cost of all rickety 44 aircrafts in Nigeria. https://cdn.airplane-pictures.net/images/uploaded-images/2014/10/29/477879.jpg https://i.pinimg.com/originals/c6/c2/6f/c6c26f5def98dd3944bdaac4ff4f5666.jpg shervydman: |
Only 44 aircrafts in the entire Nairaland as of 2017!!!!!!!!!!!!!!!!! - nothing like dreamliner of course - in Nigeria - and their stats office will claim - airline contribute 10B dollars to their GDP ![]() President of Aviation Roundtable (ART), an industry think-tank group, said Nigeria has eight domestic carriers - Arik Air, Aero Contractors, Air Peace, Med-View, Dana Air, Overland, Azman Air and First Nation. All the carriers put together have 44 aircraft with valid insurance cover. |
Bla bla bla -- I am not wasting time - but just helping you realize you're NOTHING in Africa leave alone the world. Nigeria is only a giant in fake GDP. That is all. shervydman: |
Just did a quick google search of cheapest prices from Abuja to Lagos and the top results was 300 dollars - yeah I have seen AirArik does have some great offers - about 45-50 dollars one way - that is not as bad as I thought. I hope AirArik is not some rickety airline though. There are airlines in Kenya that carry khat to Somali - and let hope AirArik is not those ones. Obi1kenobi: |
In terms of sports - I think kenya perform better than Nigeria in - Althetics, Rugby, Cricket, Volleyball,Swimming,Motor sports, Shooting/Archery, Golf,Cycling...etc Kenya conquers the world - where Nigeria would be happy to be African champions Chris Froome - was born and brought up in kenya - and raced for kenya before deciding to race for Britain. https://nairobiwire.com/wp-content/uploads/2015/07/fro.jpg https://nairobiwire.com/wp-content/uploads/2015/07/froome1.jpg Jason Dunford - reached finals at Olympics, World Championships and Short Course World Championships. He also held African, Universiade and Olympic records. [img]https://alusainc.files./2010/05/jason-dunford.jpg[/img] Julius Yego - Javelin Olympic record holder who throw 92m https://upload.wikimedia.org/wikipedia/commons/e/ea/Julius_Yego_Beijing_2015.jpg Kenya Rugby 7s is undoubtedly one of best team in the world. https://www.telegraph.co.uk/content/dam/rugby-sevens/2016/04/17/95694275_Rugby_Union_-_HSBC_Singapore_Sevens_-_HSBC_Sevens_World_Series_-_National_Stadium_Singapore_trans_NvBQzQNjv4Bq0quQUhCPHdUHY_XWT5Ck771GAkljK7RmFE9TOMhdS_o.jpg?imwidth=1400 Kenya cricket - reached world semi-finals against the likes of India & Pakistani https://st3.cricketcountry.com/wp-content/uploads/2016/02/kenyagi.jpg Kenya volleyball - women has been Africa best team for long time and has played in world cup https://www.nation.co.ke/image/view/-/2847396/highRes/1103139/-/maxw/600/-/k80vj4/-/ATUKA_PIX.jpg WRC - Safari rally - for a long time was held in Kenya but there still a vibrant motor sport in Kenya https://www.ebru.co.ke/wp-content/uploads/2018/02/saf.jpg https://www.standardmedia.co.ke/images/thursday/jezyhjupwv5jmbsxkvez58caeafa60dec.jpg Golf - Kenya open - European-based Challenge Tour event - with price money of 100K USD- and has been won by some top world golfers https://www.kbc.co.ke/wp-content/uploads/2018/03/golf.jpg Kenya shooting and archery - compete in world events https://www.the-star.co.ke/sites/default/files/styles/new_full_content/public/1739747.jpg?itok=4u_qzslJ |
Nigeria with their measly U$36B (everything included) budget cannot dream of doing that. Kenya welfare is at it infancy but Nigeria are yet to even start. Next big time is the Universal Health Insurance - already I think about 9M household are covered - about 2m plus in formal sector and another from informal sector - now the race is to cover everyone - Uhuru recently announced all high schools kids will be covered. kikuyu1: |
They should focus on first getting some domestic airline. You know JamboJet allows one to fly to any destination in kenya for 30dollars or less. Flying from Lagos to Abuja will cost you 10 times that. And JamboJet 3yrs later has flow 2M passengers. And now you can fly to Uganda for 110-150 dollars! As for next few months - they are offering 22 dollar flights to anyway in kenya and 77 dollars to Entebbe, Uganda. https://cdn.jetphotos.com/full/6/29320_1495298736.jpg https://businesstoday.co.ke/wp-content/uploads/2018/01/jambojet.jpg kikuyu1: |
Kenya can also teach Nigeria about Welfare. Kenya National Safety Program transfer money via M-PESA to more than 1M kenyans every month through four Cash Transfer programmes including, 1) Persons With Severe Disabilities Cash Transfer - anyone with disability is paid monthly 2) Older Persons Cash Transfer - anybody above 70yrs in kenya gets monthly cash transfer, 3) Cash Transfer for Orphans and Vulnerable Children Cash(CT- OVC) 4) The Hunger Safety Net Cash Transfer. This program started in 2013 and Kenya Gov allocated about 300M usd every year with donors also contributing. Prior to this Only South Africa and Namibia in Africa had something similar through the SOCIAL PENSION. Namibia pays anybody above 60 yrs about N160 every month. All these beneficiary will also be enrolled in National Health Insurance - something that has been existence for long time (nigeria started their recently) and we are set for universal health insurance coverage! |
ohoo boy!!! - just using wikipedia as comparison - Nigeria malls are countable in one hand no pun intended. Lagos the mega slum city has 13 malls!!https://en.wikipedia.org/wiki/List_of_shopping_malls_in_Nigeria While kenya has tonnes of them - Nairobi and it's metro are going to 60-70 malls - including some huge ones like Two Rivers - which should be second biggest after Joburg's the Mall of Africa. https://en.wikipedia.org/wiki/List_of_shopping_malls_in_Kenya
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This picture does injustice to Westgate - I was there recently - and it got even more beautiful frer8: |
Kenya has 5 cities..Nairobi, Mombasa, Kisumu,Nakuru and Eldoret...and lot more nicer smaller towns than Nigeria. Nairobi is not a small city by any imagination and so is Mombasa [5 skyscrappers if I am not wrong]. Mombasa like Lagos sits on the ocean but of course is 10 times better than Lagos. If you think Nairobi is nicer - wait until you visit Mombasa. Nairobi is center of business - while Mombasa is the tourist & port city. https://www.kenyatraveltips.com/wp-content/uploads/2015/07/cities-in-kenya.jpg https://www.standardmedia.co.ke/images/wednesday/thumb_jotfqly8chax3fm0o5a7b477e2c29e.jpg https://pbs.twimg.com/media/CZM1bGLW0AApwgE.jpg https://a630bbb17ae9d1222021-2afb368a5169e2c14e6c1f3083d913b8.ssl.cf3.rackcdn.com/2013/07/Image1.jpg https://www.travelmombasa.com/wp-content/uploads/2015/09/City-view.jpg https://i0.wp.com/www.travelmombasa.com/wp-content/uploads/2015/07/mombasa-beach.jpg?w=1024 https://www.travelmombasa.com/wp-content/uploads/2015/09/nyali-bridge4.jpg samsobo24: |
Of course. But Andela now is HQed at NewYork - and it's Nairobi office is gonna be eating Lagos lunch. It doesn't matter the nationality of the co-founder - if Andela cannot find top talent in Lagos - they will go elsewhere - like Nairobi and Kampala. darfay: |
Admittedly Nigeria has woken up from slumber the last 2 yrs - 2016 and 2017 - in Tech scene - but can they sustain it. Joburg and Nairobi have pretty much been the scene of action before then. I see you've increase the tech hubs from 20 to 50s in Lagos - while Nairobi is stuck at 30. Not bad. At least that is positive news. nwoke37: |
If you don't care about comparing Kenya and Nigeria - skip this thread oga! Obviously I am hoping you can learn from Kenya and we can learn from Nigeria. Unfortunately there is very very little for us to learn from you. Unless we were to learn bad manners. I think what Dangote has done on Cement Industry is commendable. I salute him. I think what Nigeria has done in film & music is also commendable. I am struggling elsewhere though...initially I was impressed by your banks...but the more I have dug into this...I have realized our banks are just eating your lunch now or soon. So in short - indeed - this is more of us giving your lessons - of how to ran a country without OIL - Angola or Middle east or Norway can teach you how to do it with OIL. Why is Nigeria so cursed? Is it the curse of OIL? the dutch disease? I am intrigued. samsobo24: |
to try his monopolistic and corrupt ways.
. In the rest of the world - it would be NBS quoting NCC. NCC would be collecting data every Quarter and that will be what NBS can use to cross-reference.


