₦airaland Forum

Abohboy:
Why did it not die before when it went below 20 dollars our economy is not solely oil we are diversifying we will start exporting steel all other Africa do not be surprised when you see a Skyscraper in Nairobi being built with steel made in ajaokuta or when you go to a restaurant do not be surprised if the Chillies in yiru food were grown in Nigeria or your cereal the corn grown in Nigeria or the wheat in your bread made in Nigeria we are greatly diversifying but no one is seeing it we will just come up overnight in 2022 boom 5% or 7% just like that

Dream on.Kenya company is already producing steel billets..only RSA does it.I know a Kenya company that export chilli to Nigeria.You wet dreams won't happen...when you cannot fix basic like electricity

Abohboy:
Clearly you are the one who understands nothing dangote doesn't produce oil his business is off of cement and agricultural produce like tomatoes and rice it is only know that he has moved into oil refining and the dangote company is only worth 20 billion dollars if I can do math I know that 20 billion dollars is not half of 400 billion dollars but what do I know

Tomato factory how goes that? Last I heard it run out of tomatos.From a country that claim to top 3 tomato producer in the world and still import shiploads of tomato paste.Please stop lying to yourselves.

Abohboy:
We never said we were self sufficient will you actually read for once we will be self sufficient by 2020 and we are slowly cutting the deficit with locally produced rice I do not know where you keep on getting this news of 100 billion dollar agricultural produce or that we are self sufficient but anyway here is an image of a rice mill company in kano getting ready to export their produce after they experienced a bumper harvest which is bringing down the price of rice

20% of 500B dollars GDP is 100B.That is your famed non existent agriculture that uses about the same fertilizer as Kenya.Your rice story if it true will cause a dent in Thailand..we will hear it there because their data is credible.There is no rice success story.Just scammed Buhari who loaned out money to phantom farmers and miller's.Benin almost immediately filled the gap.. importing the same quantity of parboiled rice they don't cook...get that through your bone headed skull.

Abohboy:
No it won't you don't even have any dollar billionaires you think too highly of your country and do not use facts or proper information you simply guess and believe any single source that says something good about Kenya regardless of who wrote it

Lagos is going to build a lot of dollar millionaires with lekki let me tell you this Lagos is going to expand into the rest of it's landmass but this time they have made a rigorous masterplan for this area with another port which will be more efficient and much better, a railway, good roads and finally real estate will be making a lot of jobs for people with all the vast land someone has to own it eh and sell it once the price goes up due to the port and free trade zone they will quickly become millionaires and live the good life

Please compare yourself to your own friends not Nigeria we are going to progress on unprecedented levels and we are not going to be on level with Africa we will not continue saying largest economy in the Africa but rather one of the largest economies in the world and the only African country in the top 15 place

Just so you know with all forecasts even when Nigeria was in it's recession people predicted that by 2050 Nigeria would be the world's 13th largest economy with Ethiopia next at 14th then south Africa at 20, Egypt at 22nd and DRC at 25 there was no Kenya so please do not think way too highly of yourself because frankly we are not your mate

AfroAsia have crunched the numbers and so as NewWealth..and all wealth trackers.Yes Kenya may not have dollar billionaire but will have more millionaires.An average house in Nairobi is approaching 1M dollars.Land in Nairobi go as high as 6m dollars an acre.

Abohboy:
But Nigeria isn't their biggest market is it and Benin can continue Importing all of that rice it will simply have it there to rot or they will try and go through the forest instead

We have stopped using 20 billion dollars it is now 14 billion dollars by 2023 the government says it would reach about 5 billion dollars and that will be for things like apples, fish and products you cannot produce in Nigeria

Benin don't eat parboiled rice..if they continue importing it means they are still finding ways to beat your border closure and that I bet is what will happen.Your food import bill is dropping because you refuse to sell dollars to food importers who import thro smuggling route..next will be Chad and Niger...re exporting to Nigeria

samorobo:
Common will you erase that nonsense you wrote...That nonsense report is definitely wrong....Aside leaopard tower which is africa tallest building joburg has like 10 towers under construction as we speak this is even outside the high rises that is under construction..Cape town has 6 towers under construction with the lowest out of that six being 28 floor and the highest being 48 floor...Durban has a 47 , 32 and 28 floor building under construction and this is outside the numerous high rise under construction...just visit skyscraper city and cure yourself from all this ignorance....


Look at you think your zoo is expanding better that other African nation..compete with Adissa abba if you can

I think Nairobi has 20 skyscrapers under construction..100m tall..the high-rise are not countable.The malls are so many we are closing the gap with South Africa.We are also spending nearly 2b in road infrastructure.We soon modernize our commuter rail.We are building 0.5m Housing units..mass housing

Abohboy:
North East Nigeria makes no oil from any east place look at this boy talking of things you do not understand you sound like a two year old trying to do Pythagoras

Lagos got the 10th highest Federal allocation now all oil money just goes to Lagos most of the money Lagos uses is money made in Lagos from things over than oil which you Kenyans so blindly think the whole of Nigeria depends on I will say it again if we completely depended on oil than when the recession came our economy would have gone down to 20 billion dollars did it NOO

Global vOil prices recovered and you got out of recession..if oil drops back to 20-40 dollars a barrel your economy dies.

MiddleDimension:
oil became a great mineral wealth in the 70s. lagos was already having cutting edge infrastructure you think oil have always been lucrative all through its history with man?apart from the 3rd mainland bridge, which other infrastructure in Lagos was built by oil?

Lagos was Nigeria capital until 90s when southern forces tried to overthrow Abacha.So you can say from 1960s till 1995 or around..most oil money ended in Lagos..hence the grievances of the south east that generate most of the oil.

MiddleDimension:
same old arguement for arguement sake

I knew you won't last a few hits.Facts are stubborn things.

MiddleDimension:
you can keep dreaming with overtaking Lagos. you can reject Nigeria's data all you want, it is your choice and i will leave it to you, just as i will leave it to you if you decide to reject it that you are a human being.

I reject with good reasons which I have stated here.You are not a poverty capital for nothing.Data is easy to cross check.See you rice story... officially you claim to be self sufficient with great rice production...but look at Benin and Cameron almost immediately importing your usual share of rice in Asia.So you inflated your agriculture to mind boggling 100B and yet nobody has ever met a Nigerian ship exporting food..You will equally inflate manufacturing...food processing by claiming phantom factories mill phantom rice from phantom farms.

Carmit:
I was about to point that out.
Heck! Lagos just struck oil some 4years back.

Oil wealth built Lagos before the northern generals decided to go to Abuja with oil money..still Lagos like every state get a small bite of the oil money after corrupt barons have stashed enough abroad.Read the chronicle of your oil holding corporation and shed some tears if you can

MiddleDimension:
also the Olam Rice in Nassarrawa state. i have friends working there. it is still a very big rice mill

How many rice mills in Asia have close shop because their biggest export market Nigeria is now self sufficient.Some nonsense only a Nigerian can believe in.Zero intelligence.Not much difference with a bonobo.When Asia ships carrying rice stop heading Nigeria or wheat from Europe or Sugar from Brazil or corn from US...come and talk about your agriculture.Otherwise you're using 20B officially to import food without factoring the smuggled ones.When Benin stop importing parboiled rice from Thailand and India...rice they don't like or consume.. come and we shall celebrate this feat.

MiddleDimension:
you should take a course in Pax Nigeriana to know more about Nigeria

This thread could earn me a PhD in Nigeria affairs and why it's underperforming.

Abohboy:
The wealth of all of the Nigerian billionaires does not even reach 30 billion dollars it is 28 billion dollars now who is dense

Same difference...I am estimating..I don't have to be precise to make my point. The point is next year Nairobi will have more dollar millionaires than Lagos.

MiddleDimension:
lagos HAS NEVER BEEN AN OIL ECONOMY, KNOW THAT TODAY.

and your stuck market cannot be as huge as ours. you really take this patriotism too far!

Nigeria oil from North East makes it way to Lagos and Abuja... everyone knows that

MiddleDimension:
lagos HAS NEVER BEEN AN OIL ECONOMY, KNOW THAT TODAY.

and your stuck market cannot be as huge as ours. you really take this patriotism too far!

JSE is huge.. Nigeria stock exchange is about twice Nairobi and Dangote companies are responsible for nearly half of the market cap

Abohboy:
What do you mean nothing is happening on ground I bought some Nigerian rice myself lake rice made in Nigeria and grown in Nigeria I went to the plantation in kebbi state and saw the process I know Nigerian rice is growing and we are going to become self sufficient the government never made any report that we were self sufficient do not lie

As for fertilizer the government made a contract with Morocco to use our massive phosphate reserves to start producing fertilizer and we are planning 20 more fertilizer processing companies so we can start exporting and start Importing I know what I am saying when I say we will be self sufficient I am sure of it or when I say a project is ongoing it is definitely ongoing

When Benin and Cameron stop importing rice they cannot possibly consume from Asia I will believe it

Abohboy:
Did you not see that map I do not care about your estimates Lagos is 108,joburg is 154 and Nairobi is 54 there caoe town was bigger than Nairobi s well I think also Durban Cairo was 140

We have small problem of bear run in our stock market...it will soon recover because we don't depend on oil or minerals...we will certainly overtake Lagos in number of USD millionaires next year..but you know Dangote and 2 other dollar billionaire are responsible for maybe 30b out of the 108B..or you are also that dense

MiddleDimension:
so what's your take?

My take Nairobi like AfroAsia says will next year overtake Lagos in wealth score and like JLC says is no 6 world fastest growing city in real estate will soon overtake Joburg.I don't have my own data...I use reputable data that is cross verifiable.I refuse Nigeria GDP data because it's overcooked.Its easy to know if data is cooked because they don't add up.Ask VW group who sold 20 cars in entire Nigeria hahaha..these are entry level cars..when they sell half a million in South Africa and 200 in Rwanda

MiddleDimension:
why do you like lieing to yourselves?

so much respect to you guys but stop compating your country to Nigeria or SA. apart from those in N Africa, these two countries Nigeria aand SA do not have rivals in the whole of Africa.

i understand you have to be patriotic and defend your people. but the TRUTH still is that you really are not match for those two countries.

the Lagos economy is bigger than yours. and any other African Economy apart from SA, Egypt, and maybe one other one.

Read this thread backward..we have covered all that..so many times.

Abohboy:
As I said we are becoming self sufficient and the price is still going down can you not read the price of RICE IS GOING DOWN TO 9000N FOR A 75KG BAG hopefully you can read this one better

On ground things are different..but Abuja can claim anything.They use to claim self sufficiency when everyone saw Benin rise to become 2nd world biggest rice importer...yet it's country of 10m.When Benin and Cameron stop buying Thailand rice come and tell us your rice success story.Look at you fertilizer consumption and don't buy Abuja lies...on ground... nothing is happening...just some folks taking huge rice loans and squandering...just like rest have squandered 600B dollars earned from oil.

Austine1212:
Almost every multinational is here in south africa.

In south Africa there are over 10 cities like Johannesburg, and many others medium cities. Johannesburg wealth is bigger than Kenya as a country.

Nairobi still have a long way to go.

I think only Joburg, Capetown and maybe Durban are bigger than Nairobi.Joburg GDP is possibly 80B dollars..I estimate Nairobi to be about 50B.Yes Nairobi has some way but it growing so fast...and will catch up sooner than you think..15yrs max.Nairobi was voted no 6 most dynamic ( read fastest growing) city in the world..in a list dominated by Indian and China cities.Nearly half of all skyscrapers under construction in Africa are in Nairobi...soon Nairobi will have tallest or biggest anything.Multinational are choosing Nairobi as their HQ for their Africa operations outside of South Africa.

Abohboy:
But there is no inflation or shortage of rice the price of rice is going down and it will reach 9000 for 75kg when foreign rice was selling 22 000 for 50kg we are going to be self sufficient in rice by next year and our inflation is going down massively as well

You live in alternate world.Even the dubious Yemi Kale has clearly captured the food inflation thanks to rice shortage the last month

68816419:
We think global not local

Nigerian SME Digital Lender Lidya Expands to Europe

In an increasing trend where African technology companies are finding a global audience, Nigerian digital SME lending platform Lidya has expanded to Poland and the Czech Republic.
Having opened an office in New York, Lidya now has operations in Warsaw and Prague, it says, which is part of its aim to create 100-million jobs globally.

Lidya’s fintech platform lets small and medium-sized businesses (SMEs) register online for loans from $500 and get that credit within 24 hours. This process helps SMEs build a credit history for the first time.

The Nigerian lender had dispersed more than 10,000 loans to 2,000 businesses in its home market, as of July 2019. In its first year, Lidya issued $2 million of loans growing to $10 million in year two. It is on track to become the biggest digital lender in Nigeria by the end of the year, it says.
Today In: Innovation

Lidya was founded by Tunde Kehinde, also the co-founder Jumia Nigeria, and Ercin Eksin, former CEO of Jumia Nigeria and COO of Jumia Africa . It has raised nearly to $10 million from Accion Venture Lab, Flourish, Bamboo Capital Partners, Alitheia Capital, Goodwell Investments, and Newid Capital.

“We have built a world-class business that is helping SMEs to access the credit they need to grow, often for the first time," says Eksin. "Our technology is proven in Nigeria where we have helped thousands of businesses to create wealth and employment. Improving access to credit for SMEs is a global problem and we have ambitious international expansion plans to meet this challenge.
PROMOTED

“Through Lidya, we have the opportunity to empower the growth of SMEs in Africa, Europe and around the world. SMEs create the most number of jobs and significantly contribute to GDP. We are on a mission to support the creation of 100 million jobs in fast-growing economies.”

Lidya believes that the Central and Eastern European region is home to some of the fastest growing economies in the world, with the region being a key global trading partner and a hub for financial services. Lidya’s launch in the region is led by Tomasz Sekalski, the former CEO of Idea Money, one of the largest lenders in Poland, and Libor Vanicek, the former head of retail banking for ING Bank Czech Republic. Tomasz and Libor join as country directors for Poland and the Czech Republic, respectively.
Tunde Kehinde is the CEO of Nigerian digital lender Lidya.

Tunde Kehinde is the CEO of Nigerian digital lender Lidya.Lidya

Kehinde says of this European launch: “We see a big opportunity to expand into the region given our technology, history of execution and uniquely talented team. We plan to disburse 1 billion euros to small businesses in Poland and the Czech Republic and over the next five years and are excited to have Tomasz and Libor, two seasoned executives with deep experience in the market lead our expansion into the region.”

Kenyan tech startups M-Pesa and Ushahidi have expanded around the world, while the South Africa-based ShowMax streaming service launched a pure-play service in Poland.

Read the last part before you praise a small potato with 10m loan portfolio

68816419:
EKO ATLANTIC
Marina UPDATES

Two lonely desolate unoccupied towers..poor Eko 2yrs late.Not a sign of live in the picture.

Abohboy:
What do you mean consumers are asking where is Nigeria rice you know nothing people have been talking of so many brands langbasa, adaminna, ebonyi, kano, lake, kebbi, bauchi there are so many different brands of local rice you just do not know of the news so you speak of what you hunk and nkw what you know which is a fatal mistake indeed

There is inflation due to shortage of rice..in Nigeria

Abohboy:
Our economy is diversifying with more and more indigenous companies growing like innoson and proforce our agricultural sector is growing massively we are going to become the largest producer of all grain and most forms of tropical fruit in Africa

all dreams are valid.where is Nigeria rice...consumers are asking now after blockade of the border

samorobo:
Hahaha no longer 10 years

I think around 2034 but seeing how Nigeria diaspora are drugging them, Zuma/ANC stealing 35b dollars, racial tensions being incited by Malemas, minning woes, etc,the prognosis for South Africa is bad...they are expected to grow 0_2% the next decade..so 10yrs is possible.South Africa are caught in middle income trap and their education is completely messed up so they can't escape it.

samorobo:
They have finally overtaken nairobi and this fact, you know it

Well AfroAsia bank of Mauritus plus all the data crunchers don think so..you certainly think highly of your puny brain

Abohboy:
Read the whole story we are putting down things so that we can have a high economic growth I forecast for 2022 READ you all have the same diagnosis lack of patience and inability to read the full story

pray for oil... otherwise be prepared for a decade of 1-2% growth rate or recession

Shma:
Good. Your brother is just throwing tantrum for a presumption. Now, don't say we can't overtake you, the rate at which kenya is progressing is quite tremendous. I guess Naijeria too has her own projects but trust me it depends on the speed at which those projects are being conducted. Don't say we can't overtake you when your projects are stalled, don't Say we can't overtake you when your projects run out of Cash., don't Say we can't overtake you when your leaders are looting project money! We are now at position five in terms of GDP in Africa after overtaking Angola now relate that scenario bro. But waking up and say Niger will overtake Naijeria is a joke right.?

Position 6..morroco we might overtake in 5yrs.Algeria and Nigeria fate depend on oil fate.Egypt and South Africa are strong diversification economies we should try aim for in 15yrs

samorobo:
Adisa ABBA is not far from joburg level and if they continue at that pace they will be at Shenzhen or Osaka's level in 2035

Well they will certainly overtake lagos