₦airaland Forum

Kenya remittance is approaching 5B.
Kenya total export including services (tourism, etc) is 11B.
Kenya companies are all over east and central africa - they repatriate foreign currency.

Kenya can never be compared to unsophisticated TZ.
Not even with our smaller land; and little arable land.

What we have that many Africa countries dont is simple - HIGHEST STANDARD OF EDUCATION.

Education is SINGLE MOST IMPORTANT DENOMINATOR for development.

Until Africans invest in education - I mean high quality education - going NOWHERE.

2nd most important thing - REDUCE FERTILITY RATE - to below 2.8 - kids per women.
3rd - Electricity - you nail cheap reliable electricity access - and magic start to happen

The rest will happen via magic. People develop countries - not gov

Kazikazi:
To understand more of Kenya's problems,let's check these stuff. ..

Kenya's export was 6bn vs import of over 15bn

Manufacturing was almost too low. (A total export of 2bn) And what make it bad is,most of these manufactured items are actually imported stuff and shipped to kenya for repackaging.

The value of Schilling was overvalued. This encouraged alot of importation from Tanzania and Uganda. Simply speaking it was unprofitable to grow basic stuff in kenya.it is cheaper to import simple stuff like cabbages,onions,etc from TZ

Agriculture was overlooked for too long.imagine a country has only 9% of arable land under irrigation.

Borrowing from John to pay Peter was or is the order of a day.In simple logic,that was economic red flags.

The GDP story was fake. Anyway,the war in Ukraine will give them their true size of GDP.

Ethiopia are broke and out. Their birr has depreciated. The economy has 1 week of forex.

Angola is ahead of kenya - but not for long. All Oil economies have enjoyed the boom - soon they will go back to burst - this is why most African countries cannot develop - it cycles of Booming and Depression - because ANGOLA economy is OIL.

Kenya will nail Angola and Morroco very soon.

Tanzania can NEVER get near kenya - we are now almost double your economy.

TZ economy is not even 70B - kenya is 120B.

Kazikazi:
Angola,Ethiopia overtaking kenya?

That is not something surprising. Angola was ahead of Kenya,just few years back they had currency depreciation, now the kwanza is up,they are back where they were.

Ethiopia too was ahead of Kenya few years back.They devalued their currency, kenya went ahead of them, but Ethiopians are now back where they were.

Same to Tanzania. The currency have been undervalued I think more than what it should. Few years from now,it won't be a big news for TZ to be ahead in terms of GDP

Ruto has been in power for exactly six months and has achieved alot
Remember he inherited an economy that was struggling because of Uhuru mismanagment.
And also remember your support is not relevant.

68816419:
I supported Ruto to emerge as Kenya’s President, but right now, I may be forced to withdraw my supports

As Nigeria replace 75yr old with 75yr olds - here is 37 yr old Nairobi governor (he was already a senator - then before that an MP)

55yr old President
37yr old Nairobi governor

Both are clocking 15hours daily in real work done - Buhari and Tinubu can hardly stay awake for 4hours a day

Officially opened the Pre-Bidders conference for our Urban Renewal Affordable housing program. We are redeveloping 9 County Estates (Bahati, Maringo, Jericho, Lumumba, Ziwani, Bondeni, Kariobangi, Embakasi and Woodley that will create > 40,000 housing units for our people

Affordable housing countrywide - getting the momentum it needed.

All over Nairobi are high density project coming up - that are dirty cheap - less than 30K usd for 3 bedroom

Kenya racing to build a million houses in 5 yrs.

Some of the estates - 6,700 units - Starehe Point in Nairobi - will be one of Africa biggest estates launched yesterday

Nigeria economy the last decade has been either under recession or growing by 1 - that amount to zero work done by Buhari.
South Africa is undergoing the same mess.

Economy just doesn't grow on it's on. You got to work on it.

Bloodofthelambo:
lol... GDP excites Kenyans,
So you believe Nigeria is still in 400-500B dollar range,
While your country keeps dishing out fake GDP data.

Dey play, jus dey play🤣🤣🤣.

When real datas are released all y'all will say is 'cooked and fake bla bla'

Dey play

Brilliant move - how is Buhari holding on?

GeneralDae:
Kenya is seeking a credit facility from a group of banks as it nationalizes the importing of fuel to enable it to defer payments and conserve its depleting forex reserves.

Dollar Shortage Spurs Kenya to Seek $4.8 Billion Oil-Supply Cover.

-KCB Bank, Standard Bank, others to issue letters of credit

-Government plans to defer fuel payments by at least six months

Bloomberg Africa

Self-deprecating humor is a good coping strategy in times of economic meltdown. I will seriously talk about Ghana when it emerges from bankruptcy. 2037.

Just30:
Fortunately my country is not Bank nor poor hence the significance of it and the interest it gathers all around the world.
Real soft power that your country will never have 😂🤣

My economy remains bigger than yours with a huge productive capacity that is 5 times yours ... That is a real economy and not the phantom bankrupt Kenyan economy running on bubble.


Ruto and your treasury are busy waiting for 2036 when your debt repayment is expected to come back into sustainable levels. That's a gone country 😂

Such a Fool*

Ghana the IMF poster kid of bankruptcy

Kenya GDP is now 120B - almost double Ghana now

Just30:
Steve is not interested in poor insignificant countries like Kenya

Nobody has the time nor the interest on your bankrupt economy. You cant even pay debt. Why would I calculate a bankrupt economy expected to recover in 2037? I.diiot.

Just30:
GDP 870 billion Cedis
Debt 575 billion cedis

When did your math teacher die again?

Crazy desperate child.


Kenya debt is 84 billion dollars while you're GDP is 108 billion

For a poor country like Kenya to amass that much debt is crazy

Steve on the zoo is more scathing

#NigeriaWatch: In 2021, Nigeria scored -0.9 in
@WorldBank
's Regulatory Quality index, a catastrophic 11% decline since 2011. Nigeria remains a FAILED STATE.

Ghana - steve 20 hrs ago. I am too lenient.

In #Ghana, the #cedi is rubbish. By my measure, the cedi has depreciated ~50.92% against the USD since Jan. 1, 2022. Thanks to Pres. Akufo-Addo, Ghana's economy is in shambles.

https://twitter.com/steve_hanke/status/1632129790265409536

Latest from Steve Hanke

#Ghana's economic death spiral just continues to spin. Today, I measure #inflation in Ghana at a stunning 94.24%/yr, ~1.76x the Ghana Statistical Services' phony official rate. The GSS is producing RUBBISH.

https://twitter.com/steve_hanke/status/1632150426220122112?s=20

Madcow you really have the energy!

Ghana debt to gdp is now 98 percent

Kenya last I checked was 62.5 percent

Just30:
Desperate as usual ..... My Central Bank, The World Bank and IMF all says that my debt is 40 billion dollars but this dwarf is still making noise here with the usual lies.

This 48 billion dollars has since decreased to around 40 billion because of exchange rate changes, payments made and etc

Do you even read the the you're posting ?

Some done good comparison btw Nigeria and Kenya

You didnt learn basic equation?
Dangote will buy 600K barrels of Crude using Naira.
The owners of crude will forgo 600K barrels of USD per day...to sell to Dangote

Nigeria OPEC limits are 1.8-2.2M

Nigeria has not been able to meet it.

For Nigeria to benefit from Dangote - it needs to ramp up production to 2.6-2.8M barrels per day

Then it will earn 1.8- 2.2M from export of crude - and save 12B its would have used to import refined oil.

Right now Nigeria is struggling to hit 1.5m - Dangote comes - takes 0.6m - Nigeria will export 0.9m.

Can Nigeria improve production by that much.

Yes and No. It need to fix insecurity, crude theft and invest in oil production.

Short term - Zero IMPACT from Dangote.

QuietMynd:
U ve started saying rubbish again, reason I don't like to engage u sometimes.
At least get ur fact right so that u don't appear like a foolish specimen of human.
The refinery is generating more than that amount u wrote, even if the refinery is to generate $200k, it will still save the country 12b dollars every year which is spend on refined oil nd its derivative.
That means additional $12b to spend on something else.

They didnt have it? Kenya higher education loans been there since 1995.

Recently they added all tivet colleges too

vaxx:
I just read it now that there will soon be education loan in Nigeria . What we have been saying since . Bola you are welcome .


Ghana has introduce this policy way back . I think it is kufuour legacy .


Nigeria is fully back

What is net forex inflows with Dangote refinery. Nigeria will forego half it's crude revenues in forex- 600K barrels per day - that will be diverted to Dangote. Nigeria has been unable to meet it OPEC ratio. The net flow is the value added.

The excitement about refining oil in Nigeria is misplaced.

Dangote will save Nigeria very little forex - maybe 1 billion dollars max.

Until Nigeria increase oil production to first meet their quota and also give Dangote 600K barrels per day. Then it will save Nigeria about 10B dollars it now use to buy refined oil.

QuietMynd:
He won't instantly free float the forex window,
Even buhari is waiting 4 the refineries to start working first b4 he start doing that, so the pain will be minimal unlike in this present situation.
The country will definitely collapse, buhari knows this also

He will continue Buhari forex control

Nevertheless, it is safe he will rather sustain the current model whereby the government controls the official forex market known as the I&E Forex Window or spot market.

“The exchange rate influences the costs of imports, competitiveness of exports, and net capital flows among other things. It cannot be ignored nor left to the vagaries of an unrestrained market,” Mr Tinubu’s manifesto says without stating the direction his government will take on this.

Reading this - he seems to have good handle of the issues
https://www.vanguardngr.com/2023/01/tinubu-presents-economic-plans-to-stakeholders-at-nesg-presidential-dialogue/

“It is based on this idea that I believe we must remove the PMS subsidy immediately. It has outlived its shelf life as a public good. We will neither subsidize neighbouring countries’ fuel consumption nor allow a select few to reap windfall profits and hoard products.

“And the subsidy money will not be ‘saved’ because that means elimination from the economy. Instead, we will redirect the funds into public infrastructure, transportation, affordable housing, education, and health, and strengthen the social safety net for the poorest of the poor, thus averting increased security challenges.

Very nice. Nigerians should support him. Yes, he once did its Lagos. He just needs to dump almost every Buhari policy. He needs to avoid being hostage to Northern business cartels led by Dangote.

Nigeria should have one economic system for everyone. Not one for few rich elite - and rest for Nigerians.

Obaaderemi2:
Fuel subsidy is gone, universities will be autonomous, he said the opaque forex issues will go.

He doesn't support import substitution because he believes in making industry competitive. He started Nigeria's first independent power project.

His vice is the former governor of Borno, a state that was besieged by Boko Haram, so I expect them to Know how to handle terrorism.

He is very different from Buhari. He has an international mind. He knows that revenue generation is paramount and he showed this in Lagos.

Obi was on them; I didnt have time for Tinubu; now that he is president; we are all ears.

GeneralDae:
These are the questions you didn't bother to ask during the campaign because social media was focussed on just Obi.
Even Atiku had plans too.

Tatu City industrial park taking off

https://www.youtube.com/watch?v=CiLlZNvxa48&t=81s

What is his plan? manifesto? regarding electricity, naira forex controls, education, insecurity, fuiel subsidy, import substitution? Any change from Buhari or continuation?

Obaaderemi2:
Congratulations, Nigerians.
God just gave you one of the most astute and deft administrators alive. This is the time for us to band together and support the president elect. Great things are going to happen to Nigeria.

Some of us may not be happy it went this way but it's time to move on and build a great society together. Good morning.

It's over. Old sickly Tinubu replace sleepy Buhari. Poor Nigeria.

GeneralDae:
Result from 662 LGAs out of 774 LGA's across Nigeria.

APC : 5,949,401
PDP : 4,404,000
LP: 2,490,592 NNPP:1,428,607

But he led in Lagos - so 3 states for Samrobo; I dont know from where?

GeneralDae:
Peter Obi has 25% in the 12 Southern States

He needs an additional 12 states from the North to meet 2/3 states with 25%

He can possibly get 25% in Plateau, Nassarawa, Niger, Benue, Taraba, Kaduna, Adamawa and FCT. Hopefully he gets another 4 states, but not looking likely.

Total = 20 States

Nigeria is already doing badly without your Ghanian imported excessive tribalism. Morons.

vaxx:
Yes acceptance of diversity is not the same as being gullible of your own self and identity, you must not throw away yours on the plater of liberalism . You have a value and culture to protect .

Check some instance in Nigeria , hardly will you hear such any negative news in the north like end sars or some sort of rubbished that happen freely in yorubaland why? More than 90% of the police personnel in the north are native to the north; but come to Yoruba land, more than 50% personnel are non Yoruba !!
Ask anybody who have been to the uk .Do you see a Scottish policing over England ? Neither can you see a northern Irish policing in Scotland.

Nigeria will be making waves if each region have police / army that are indigenous to the region, that the only solution and that is absolute Regional government not this barbaric unitary system of stealing wealth from Yoruba land to fund another region in the name of one Nigeria.

That is how federalism is operated . Unitary system can't work in Nigeria , it is too big with many cultures and ethnicity.


We are lucky in Ghana not to be too big

Can someone list who was won where?

Tinubu took Ekiti, Ondo and Kwara

Abubakar Osun (Tinubu stronghold), Katsina (Buhari homeground)

Obi Lagos (Tinubu)

Kwakwanaso - Kano (Buhari led there)

Look likely PDP win is loading.

You dont have a mind.

vaxx:
you are More deluded. Even in uk it is impossible . A Scottish police will never be posted to england nor will an england police be posted to Scotland . All of of them are bound to their jurisdiction . Maybe you will have to called them primitive too.

I have my own mind idiot unless you can logically give me fact not some aimless comeback