₦airaland Forum

300M dollars -KCB made 240M dollars. Equity made 200M dollars profit.
https://businesstoday.co.ke/kcb-full-year-profit-up-sh24-billion/

You're puny pretending to be a giant. If you need to see 350B dollar economy - try South Africa or Egyptian banks.

obaaderemi:
Are you mad? This chart has been used here for many times by Nigerians and little Indians for about two years. This is the profit of Nigeria's biggest bank last financial year.
Bring the profit of your biggest bank and let me shame you.
Mind you 95bn naira is over $300million.

Like their GDP - it's about 1/2 Kenya. Uganda should be about 10B now. Rwanda 3B. Burundi maybe 1B. Their combined still less than Kenya.

Jonraid:
Tanzania have a budget of about 14.5 billion US dollars!

You jumped from Nigeria Agriculture like an exposed frog. Now you're into finance. We did this too last year. Nigeria had 100B dollars worth of banking sector assets. Kenya had 41B dollars worth of banking sector assets. South Africa had something like 300B dollars.

In short you economy if you look at most sector data is about twice or 2.5 (highest) kenya - I'd say 200-250B dollars now.

Your banks only became big because they were forced to merge by former Igbo finance lady - forget her name - kenya had 45 banks - and now at least 4 banks - are in world top 1000 banks. KCB, Equity, Coop and CBA-NIC. CBA & Equity are firmly in Africa top 25 big banks. And we haven't forced any to merge.

obaaderemi:
Despite fall in oil prices and a "cooked economy" as one bitter angry frustrated soul keeps bleating:

Access Bank Nigeria is the biggest bank in Africa by customer base.

It's assets alone in dollar terms is bigger than Kenya's four biggest banks put together. (cooked economy)

Heck,even Zenith Bank Nigeria assets is bigger than Kenya's first three banks put together.

Yemi Kale already did that. What I am questioning is why 100B dollar economy has never sent one ship of excess food apart from cocoa beans & shrimps. Why all big food exporters are sending ships when you produce crazy amount of FOOD.Why are you spending more than 10B dollars to import food. Why are you malnourished? Why is poverty so rampant? Why are you a net food importer?

Once you answer all those conflicting questions - you'll only draw one conclusion.

You production figures are cooked. Your GDP is therefore cooked. Any body buying it will be an idiot. They need to learn from VW Group who sold 14 cars after producing 32 cars a year in 500B dollar economy.

obaaderemi:
Go ahead and do the calculation like I have done yours. Stop clawing at straws. Your GDP is cooked,Oga.

I don't know pidgin,so we will have to keep trying PLAIN ENGLISH. We are asking you how do you know how much rice or maize you planted and harvested?

Once you cook data - you can become anything. Nigeria are dying from poverty and malnutrition - and they have 100B agriculture. Bigger than Indonesia,Brazil - whose have about double and maybe 5 times their landmass - and really serious agricluture.

You say you produce 8M tonnes of rice - yet if you ask anybody in Thailand - Nigeria is their biggest market.

Kenya Finance Minister is about to read the budget - It's 31B dollar budget. You cannot read 31B budget if your GDP is 40B as your alleged. Some Jokes I am just entertaining. Nigeria will get there in 2023 if Oil prices hold

Stop wasting our time - explain to us how you collect and collate crop production figures.That will be genesis of how your GDP is cooked

obaaderemi:
And yet you are here more than anyone else. You are indeed short of time. Excuses make you look silly.

Are you afraid of us bringing up Kenya's woeful economic data and exposing it further? I smell fear. Don't poo in your pants.I am not interested in tearing apart your economy today.Relax. But don't push.


I don't understand. Write when you are not angry.

You keep forgetting one basic fact. The Nigerian market is the biggest single market in Africa. Based on the fact that agriculture in Africa is still at a backward stage, is it any wonder that Nigeria does not export much food.
Nigeria leads Africa in production of eggs and only second to South Africa in chicken.
Goats---- Nigeria
Rice-- Nigeria
Onions---Nigeria
Cashew---Nigeria
Groundnut.. Nigeria or Senegal
Cassava...... Nigeria
Yam.----------Nigeria
Sorghum----Nigeria
Palm Oil------Nigeria or Ghana.
Maize........Nigeria or South Africa
Citrus.......... Nigeria
And many more I don't have the energy for right now.
And don't forget: Chicken Shit---- Nigeria

So,I mean it when I said you would collapse from the effort. Where do you want to start from?
I am glad you didn't fault me on the figures I used for calculating your GDP since they are verifiable like you said. Thank you.

I have worked for and with UN for many years. The same with IMF and WB. They don't produce any data. They collate data. Basically the source of this information can only be Ministry of Agriculture of Nigeria or Crop Boards like you have in Kenya. A kenya minister of agricluture cannot quote FAO or IndexiMulli. It's the data he needs to know - and the methodology ought to be out there.

Jonraid:
That part! Would have understood if he quoted FAO

You just need to use common sense -- actually eyes ONLY - see Nigeria pictures - to know it's not 400 or 500B dollar economy.

I mean you can look at 300B dollar economies like Egypt (100M people - not small country) or South Africa or Algeria (one world largest countries - maybe 3 times Nigeria) with incredible resources - and just 270B dollars. Just look at their pictures....and then look at Nigeria pictures.

Don't even look at poverty data or whatever.

And tell me how that can be 400-500B dollar economy would look like, how the cities looks like, infrastructure, name it.

I mean Nigerians when they look at Kenya pictures - their envy is so much- they shout whites & indians because they cannot believe it's african country by Africans - I mean their first reaction in Nairobi Thread by Gavillant was no way kenya was 40B economy (That thread IS older than this).

You cannot fake to be rich - at least not for long.

tylann:
No rvp is a genius
He backs all his claims with evidence and links

You guys have refused to tell us how your 100b agriculture adds up
Rvp did it for kenya agriculture with facts and figures


And it seems you forgot the rule rvp is never wrong

What cheap talk. You know when I saw Nigeria GDP figures - I was doubtful - because everything else was OFF- then I took my time - and I figured out I will start with biggest elephant in the room. Agricluture is nearly 1/4 of Nigeria GDP - about 100B dollars (Incredulously one of world HIGHEST) - and so it easy to focus on it - it very simple production figures * prices.

Oil figures are easy - Algeria and Angola produce around the same barrels per day - 2m - and we know it's exported commodity - so easy to verify.

Cocoa - also is easy to verify - you export all the beans.

Now our problem is where do you get the figures for yams, cassava, maize, rice, sorghum, millet, plantains? The figures I have seen are all estimates...not a single precise figure..just WILD ESTIMATES.

Just direct us to where - and then help us with verification.

That is what we do in Kenya - KNBS - does cross-verification. They get data from ministry or agency or board - and they cross-verify.

I am convinced once we "solve" the crop & livestock production figures - we would have discovered the cooking that Yemi Kale does at Nigerian Stats office.

theenchanter:
u're just full of cheap talk.

I am only short of time - because every time we ask about your nigeria data - you'll bring up kenya data. I mean GDP of 50B cannot possibly be launching 31B dollar national budget in the next 20 mins

Your GDP cooking start from the startling agricultural data.

Again I will ask you to help us with methodology here; the source of data; and then we can begin doing the computation.

You food imports is dead give away that your productions figures are faked. You cannot fake that because other countries are reporting what they export to Nigeria.

You lack of food exports - outside cocoa and shrimps - maybe rubber, timber & lumber - is also a dead give away. You cannot cook that because the importers have to declare in their countries what they imported.

You can heckle, try to evade the questions but WE WILL BE HERE FOR LONG HAUL.THe questions is simple. WHAT THE SOURCE OF YOUR AGRICULTURE DATA. Pick any crop.

obaaderemi:
Of course all the details are there. They made my work easy in calculating your GDP. You even supplied some of the details. And I ended up throwing you an extra billion to cover for adjustment. You still came up short.

I am sure by now most Kenyans here hate their government as the scale fall from their eyes.

I don't think Uganda or Rwanda will agree - but we shall see. Somalia wanted in but they were refused. But we need to admit DRC Congo without much thought.

tylann:
Good one 80 million market
Now we need Ethiopia to join the league

You're darting around the issues. Kenya agriculture and it's entire GDP is verifiable.

The issues for example is how do you know how much cassava you produce.

You GDP will not make sense. This is an academic pursuit to help you understand what your Gov is doing to you.

It's not money in the bank. Your revenues are very shameful. Outside Oil - you got nothing.

So help us understand how you come up with production figures for crop production.

That is where we start. In kenya we have crop production boards. We also have verifiable export data. We also have verifiable formally marketed products. For example Maize - our gov buys 1-2m bags every year and stores them in strategic reserve. We have formally processed milk. We know how many flowers get flown daily to Europe. The same for nearly every crops.

You tell us that you do farm and market surveys? or how do you know how much cassava, or rice, or name it where produced - when nearly all of it is produced, consumed by the farmers and little sold in markets.

obaaderemi:
Oga, I can sense a white flag when I see one. What I have done I have done. Your GDP has been dissected. You should thank us.

Those are just Nigerian diaspora come for summer holidays.There is no international visitors of such numbers coming to your slumpolis. That is just a fact.

obaaderemi:
Another crazy data from MasterCard.

https://mediacraft.ng/big-cities-big-business-lagos-leads-sub-saharan-africa-in-mastercards-2018-global-destination-cities-index/

Yes EAC is not international. JamboJet goes as far as Somalia. They need to fly across one of the oceans or seas.

gallivant:
No Kigali not International.

Multiplying Q*P is no effort. Trusting the source of the figures is where your minister of agriculture collapsed. Last when he was asked about rice production figures that didn't make sense - he quoted indeximulli.

I mean let look at rice for example. You're still biggest world importer of rice - and yet you claim to produce what 7-8M metric tonnes of rice.

The questions is when you entire agriculture is informal - how do you come up with production data - if not guesstimate and cooking.

In fact once we unravel where you get your agricluture data - we will have unravel the cooked nigeria GDP.

obaaderemi:
I knew you would collapse from the effort.

First how would I know the quanties and prices when all the cassava your produce - you allegedly eat - after buying from informal buyers market - and yet when we examine malnutrition(a scientific process involving weighing and measuring Nigerians) - you're malnourished.

You agriculture data is cooked. Your ministry of agriculture doesn't have the data. Nobody knows where the data comes from.

For instance you claim to produce and eat about 35M metric tonnes of cassava. You export nothing. Even Congo export cassava. How much Cassava is that per Nigerian.

The same crazy figures are alleged in rice, yams, sorghum,millet,maize and name it. How much food do you guys eat and why is there so much malnutrition - 2nd worst in the world.

And that is GENESIS OF YOUR COOKED GDP that generate zero taxes.

Kenya you've got RELIABLE & CREDIBLE data - of formerly marketed goods - and exported - our agriculture contribute about 20% of tax revenues.

I mean in Kenya we eat Ugali (maize meal) every day as our staple food - and use it to feed cows - and we are fine with 3.5M metric tonnes - you don't eat ugali - but you claim to produce 11m metric tonnes - you claim to eat like 10M metric tonnes of rice (we do with 0.7M metric tonnes) - you claim to eat lots of wheat, yams (crazy), sorghum, plantain, name it.

obaaderemi:
They still earn more money than your tea leaves and coffee. Do the maths if you are up to it.

Useless low value low nutrient crops. The problem with your crop data - nobody can verify shiet. There is little that get exported. There is little that is marketed formally.

Nearly all your agriculture is informal aka COOKED.

obaaderemi:
By the time he does casava and yam alone,he is going to collapse from the effort.

You call us little indians - Obaboon - why not try follow you advice and have civil exchange - without resorting to name-calling.

obaaderemi:
When you fall to the level of throwing insults and name-calling in a civil exchange, it shows a high degree of anger,frustration and alarm at your own lack of capability

Can we borrow some money from TZ. I mean your entire budget is 13B dollars - about 3 times less than Kenya. We have infrastructure deficit that is huge. So we have to prioritize. The By-pass to the South Coast will free up Likoni ferry - and we are spending nearly 300M dollars for 10kms of road. Can you spend that much.

Your Kigamboni bridge cost 130M dollars (680M) That is pocket change for us.

Jinja suspended bridge cost 120M dollars (525M long)

Wait for Mwache 2Km bridge...then another one 680M long like Kigamboni...as we build the Dongo-Kundu by-pass phase 2.

Kazikazi:
Don't say that is a dumb move. Just agree with me you have no cash for such complex stuff. The bridge there should be erected so high and u can't afford that.You even had some renders.But cash is your biggest enemy

I think problem really is having credible data to track manure or anything that is of some economic value. So if we have more organic fertilizer factories - we would be able to know the value of manure to the GDP of any country.

theenchanter:
no, nigga... an integral of planting preparation which you don't know that many african countries actually have cows, and of course cow dungs. How many tonnes are bought daily from other African countries, including Nigeria?

Obviously they are bewildered - when we began this thread - Kenya economy was around there - but now we are solidly at 100B - and in 2023 - we should be around 150B - with budget of 60B dollars - by then KRA will be collecting 30B dollars.

Now Kindly look at their historic budget - their federal budget is stuck at 25B dollars - and everything is dependent on oil prices - which Trump doesn't want to rise.

kikuyu1:
I wonder if these geniuses will continue with that bogus claim? Even if they PRETEND to believe it,the obvious implications defeat their own case!

Likoni channel leads to Kilindini harbour. That would be dumb move. There is proposal to have cable cars over there.....and we will build another bridge over Nyali.

We are build 250M dollars road to South Coast(Likoni) including 680M & 2KM bridge.

https://www.constructionkenya.com/5372/dongo-kundu-bypass-project/

The 8.96-kilometre dual carriageway project, expected to cost Sh25 billion, will involve construction of an interchange at the Likoni-Lunga Lunga highway and installation of two bridges: one at Mwache – spanning 680 metres, and a second one at Mteza straddling more than two kilometres.

https://i0.wp.com/www.constructionkenya.com/wp-content/uploads/2018/06/Dongo-Kundu-bypass-map.png?w=488&ssl=1

Kazikazi:
Start in Mombasa.likoni

The mere fact that we are on nearly 5000 pages in this Nigeria vs Kenya "fight" is enough evidence that your giant is a big phony.

I mean Algeria, Egypt and South Africa don't need more than 3 pages to TKO kenya.

The fact that you derive pride in accidental natural resources such oil and other minerals clearly demonstrate you're yet to emerge from stone age.

I mean there are things you can take pride in - not oil - not gold - but what have you done with 1 trillion dollars that you have earned from oil.

Your infrastructure deficit is as worse than any country I can think of. You don't enjoy basic 24hrs of electricity. You do not have running water in your taps. You don't have working sewage system in your urban centers. Your road infrastructure is nearly completely broken down.Your social services nearly non-existent. You have largest number of Kids out of school than any country. You lead in open defecation. You lead in malnutrition in the world. You probably lead in number of internally displaced person. Pick any indicator of progress - you're always in bottom 5-10 with Niger, Chad, Burundi, Central Africa and South Sudan. Pick any indicator of regression - you're either top 1 or 2.

And yet you're not war ravaged.

You take pride in mostly infantile stuff like music, fashion and movies - rather than in progress in infrastructure,technology, industrialization, trade and commerce.

You claim to have the richest black man Dangote - one man - while you lead the entire planet in the number of poor people. There are 89M extremely poor Nigerians! They are at least 140m just poor Nigerians.

I don't want to waste more time with someone who already acknowledge NIGERIA IS DOOMED.Actually NigeriaIsDOOMED, despite your endless cyclic rants; you know you're just engaging us in the irrational, infantile and empty headed rants and silly jibes that wont change the fact that Nigeria is now without doubt the world CAPITAL OF POVERTY, DARKNESS,CRIME, GRAFT and is indeed very doomed.

Kenya has it's own issues....so does Ghana...but you'd have to be blind and deaf not see or hear the kind of progress that they are making annually and their relentless push towards progress and development.

NigeriaIsDoomed:
You don't hate Nigeria but you resorted to all these circumlocutory jiggery-pokery and a vicious attempt to polish your bloated ego. What a self-indicting admittal of an habitual envy and hate for the Giant of Africa!

Dude! You have the liberty to weep from now till thy kingdom come, it changes nothing.
Incontrovertible fact is that, Kenya can only phantasize about attaining Nigeria's height in the next life.
Label us whatever interests you, it is your headache.
Nigerians citizens are more progressive and intelligent naturally than Kenyans who are delusional.

We have never failed to acknowledge the challenges plaquing country unlike you retrogressive and deluded creatures.
Truly, leadership challenge has always been the bane of our development, however we are making progress and will continue to shape the continent whether Kenya and others accept it or not.

I want to break your heart once again with facts.
Nigeria is not in the same league with your poor country and will never be, not even in the next life. Fact!

Nigeria as one of the leading oil producing countries in the world (Africa's largest and 6th overall) has a towering might that other countries on the continent including your country can only dream about. (Assignment; google Opec's report on the potential impact of Dangote's Refinery on Africa and the world)

Apart from oil, do you know that we have a solid mineral sector with numerous resources spread across our country remaining untapped unlike Kenya, an arid, famine ravished land? (Una too small for Naija I swear)

With over 200million citizens and still growing rapidly, do you know that Nigeria has an advantage in various spheres of human resources that tiny countries like Kenya and co will always envy?

Nigeria military might is ranked 41st & 4th in the world and Afrika respectively.
We have made a significant statement in peace-keeping mission continent wide and regionally. Where is Kenya?

Culturally, we are in the league of nations that actively export culture through our music, movies, religion, arts, literature while Kenya deliberately and foolishly ditches her culture for the whiteman's own.(Kenyas, I must break your empty heads and put something by force )


On the claim of Dangote's monopoly.
I think it reeks of ignorance to assert that Dangote, the richest black man in the world, has Nigeria in his pocket, beacause old fashioned protectionism is the only way to build Afrika's industries.
A sensible government must protect her local industries, it must grant incentives to push an entrepreneur to risk his capital. Even Donald Trump has adopted a similar stance for American manufacturers. ( Kenyans! Kenyans!! kenyans.....you need to learn very fast from us)

The foregoing rubbishes your puerile ratiocinations that Nigeria is engaging in false hope.

Even Uganda have suspension bridge. Where do you propose we build such a bridge?

Kazikazi:
The day u reach this levels,tag me

They are talking when their airline long became bankrupt and is now being revived - and but as we know - they cannot hack it.

During the 1990s, the airline's acronym ATC was humorously referred to as "Any Time Cancellation" due to its unpredictable flight schedule

tylann:
Failed project that is expanding to new international routes

Air tz is not even IATA approved

Private and Public sectors are starting to match the likes of South Africa, Botswana and Namibia in formal sector. Things are looking up.

Jonraid:
https://www.businessdailyafrica.com/markets/marketnews/Bank-salaries-hit-Sh25-9bn-in-3-months/3815534-5154944-yqdqaoz/index.html

250 Million US dollars plus as the cumulative bank salaries in 3 months!

That a potentially 1 billion US dollars paid to bank stufff annually as salaries!

Today Kenya 40-50B dollar economy present it's National Budget of 30.2B dollars budget. KRA will be expected to collect 1.9 trillion(19B dollars) from the puny economy - and with A-I-D(fees,fines, levies,user charges- (3b) - Total revenues of 21B dollars - & grants - adding another 3-4B dollars - and then borrowing of 6B dollars.

Meanwhile Nigeria with a fake 500B dollar economy will present a federal budget of 25B dollars - their highest ever

As always kenya budget will be bigger than EAST Africa combined (Tanzania, Uganda, Rwanda and Burundi)

July is kenya's coldest month.

Thika road..

Kilimanjaro is what not even 10kms from border...and that border basically meanders around it - because its our donation to Tanzania - and we will milk it because the best views are from Amboselli.

You're blessed with witches...that is all we see in Kenya. I mean nearly every watchman maasai in Nairobi is from Tanzania. All beggars from Tanzania. All witches and witch doctors from Tanzania. And most petty traders again from TZ.

Kazikazi:
I know its hard to fight with a blessed man and win. Tanzania is truly blessed. You desires to have our mountain, you lie,you try portraying as if Kilimanjaro is in the borderline, but the truth is Kilimanjaro is wholly seated in Tanzania's soil.Try whatever u can,but the truth will remain...Tanzania is blessed

Random

Lamu & Mombasa

KaziKazi - Here is our border Mountain of Kilimanjaro from Amboselli. When are you going to fence it off. We donated the mountain to Prince of Germany - but technically it's on kenya border (small meander of boundary)

But if you complain we have our mount Kenya & elgon - and many more.