₦airaland Forum

samsobo24:
I swear,uyo city has better quality, evenly distributed infrastructure than Nairobi.I am not joking,I will proof it later on with facts and pictures.

The city's development beats Nairobi hands down.

I will mention world class infrastructure that the city gas 10* over Nairobi.


Note,I am not joking at all.


Nairobi wouldn't be compared to Lagos


Rvp20183
Taysermahiri
tylan

No wonder there is an epidemic of madness in Nigeria.

Kazikazi:
In this era of renewables it have been much easier. We had much difficulties providing power on hundreds of small islands,but thanks to today's solar power technologies.We will reach 100% on 2020/2021 financial year.

I am surprised at your Kenya.With no small islands,with smaller population,and smaller area than Tanzania, you should have reached 100% long ago! I think you are lagards

We have faster electrification and don't have power blackouts like you do.We are adding more power every few months.

68816419:
who needs national Carrier when private airlines can do same ?
what happened during asaba games?

Like you don't know.Athletes slept for days in your doggy airports waiting for some contraption to fly them to Asaba.Dont talk aviation.We didn't even go to cargo business.

TMKsouth:
Are u seriously saying nothing else has been built or good achieved since 1994? Dude, even those things built during apartheid times have been properly maintained or even upgraded to world class status (by a black govt). Our airports & roads being the case in point. Plz plz plz Google OR Tambo International Airport & weep.

You need to end White-Worship. It's bad for the brain.

10 Things the ANC Got Right in South Africa
https://businesstech.co.za/news/general/122723/10-things-the-anc-got-right-in-south-africa/

1. Approximately 12 million households have access to electricity, seven million more than in 1994.

2. South Africa has seen strong growth in the black middle class, believed to have surpassed that of white South Africans several years ago already.

3. Nearly 500 informal settlements have been replaced with quality housing and basic services. Three million free houses have been built, benefiting more than 16 million people.

Interesting.Seem ANC has done a very good job.

Kazikazi:
Partly true. Tanzania is a vast nation,with hundreds of islands in our waters which makes electrification more harder than your tiny nation

But Nyerere villagization means it easier than Kenya.Most settlement in TZ are centralized.If you were not the usual laggards it would be easy to provide water or electricity than Kenya.

Kazikazi:
Do the math

Kenya was 15% in 2007 and as of now trending towards 80%.Not bad for the laggards but still Kenya has world fastest electrification.

14:
Most companies can be white controlled but not white owned. South african economy is owned by pension funds, e.g PIC, Alexander forbes, and others, thats why they call it the most sofisticated economy in the World. Hence there is fewer billionares, but thousands of millionares, wealth of companies is shared amongst the pensioners, the more company grows, the more our pension goes up, thats the name of the game. Almost all big businesses are owned by pension funders, PIC alone has an assets of roughly $170bn(1.3m government workers pension, 85% of them are blacks). The total pension fund in SA is close to $400bn, bigger than SA GDP.

ALL WHITES can leave today, SA wont be bankrupt the next day, it can only collapse due to braindrain, where people remaining, cant run or have the knowledge or the know how to run such businesses.

We need PIC like pension fund in kenya that would similarly drive private investment.Pensions, Insurances and Savings if mobilized well can led to real sustainable development and many countries should learn from South Africa.

sufferNsmiling:
After I was banned for 5 days I am back. That south african guy is not the only south africa here

Sorry that is what the losers are doing to many.Arm yourself with 3 or more accounts.

darfay:
Hausa? slave trade?

Hausa people that had never seen the Atlantic before colonialism

At your age you still say rubbish you know nothing about

Please stick to lying about being rich and having children

British colonized Nigeria mainly to save your people from being shipped to America as slaves.Hausa were notable slave traders.

68816419:
they should first fix your dead airports we don't need them here we build most thing you see here ourselves, we ain't little Indians that can't build any planned city from scratch.

14m passengers per annum in a country of 200m and you have no national carrier.Nigeria should not talk anything aviation.We saw it all during the Asaba games...duct tapped flying contraptions is what you call airline.

sacramento1212:
Le Grand Maitre Franco Luambo aka OK Jazz. The king of Rhumba that reigned for years but his albums are still very much alive even though he's late. For the lovers of Congolese music, you can never go wrong with Franco Luambo. My love for his music is something i cannot even explain but just saw myself making research on series of his Albums. Call me old skool, i don't care but the new generational music doesn't make any sense to me.

Madilu, Papa Noel, Sam magwuana, etc were all under the band Et le Ok Jazz. Even on an individual capacity, they still made/make good music. Congolese sure have it when it comes to good music whether it's their men or women.

Artist such as Jean Baron of Et le groupe LOKETO, Aurlus mabele, Alain kounkou, Alain makaba, yondo sister, Mbilia Bell, Pierette Adams, Tshala muana, Diblo dibala(the great guitarist aka machine gun), etc are all fantastic

If you haven't heard of them, just try to do so and you'll thank me.

Precisely.nigerian afrobeat crap have nothing on congolese music.I also love Rhumba.

forgiveness:
That's right. But I think the Ashantis defeated the British in the Battle of Nsamankow, the same way the Zulus defeated the British in the Battle of Isandlwana although both were later defeated by the same British.

Even Kosoko defeated the British in the first naval battle war called the reduction of Lagos before he was defeated in the second battle.

Just one or two battles.The most notable resistance against the attempt to impose colonial rule were mounted of course by Ethiopeans.They were the only country to defeat European powers and avoid colonial rule.Somalis also fought a long resistance.The kenya nandis fought the British for 10yrs.The nandis tenacity and fighting spirit is why they dominate middle & long distance globally winning the hardest sport Marathon in every city in the world like it was nothing. The next of PHASE of struggle was the fight against colonoliasm around mid 1950s..and Kenya MauMau with nothing but courage took the Brits on for nearly 10yrs and inspired many other armed resistances in Africa including ANC.Nigeria barely resisted in 1880s and Brits left their country without a fight in 1960s.And looking back they were right..the zoo was not worth it.The most farcical resistance were waged by the lazy cowards TZ called Maji Maji or water water where they attempted Juju and were felled like trees by the Germans.

Kazikazi:
Do you see what Al shabaab does to your kdf? You loud mouth? Should I post more terrible photos? If you don't stop your lies I will post more bad photos for you

What for.. terrorist are like that..they don't occupy territory but attack and disappear.TZ was owned and you need to thank Obasanjo.

Kazikazi:
We won in Uganda.But your army is facing these things...
Al shabaab captured Kenyan weapons,destroyed Kenyan army base,and now they are sitting on top of captured armoury

You recaptured Kagera with help of the world and mostly Uganda rebels.If Amin had not listenedto Obasanjo...he would have annexed most of Tz.Kenya has never been occupied..At Au and UN..nyerere was always crying and pleading for help.You need to talk to you friends at Nigerian who sweated Biafra.Kenya...nobody has taken an inch.

gallivant:
Stories. It's in the public domain your military is garbage and underpaid. You got whipped by Amins army before begging the world for help. Lazy cowards.

It took Obasanjo to convince Amin to let go of TZ.Tz were crying all over as the cowards retreated from Amin.

Runalong333:
Bwahahahaha they were so scared of you that they got payed to give kenyetta some land? . You must be a drunkard like his son . So you idiots see no problem having a traitor and his friends owning what belongs to you ? .

The Brits we're running to South Africa and other countries.Mau Mau were merciless.They would kill the whites, rape their children and their women, kill their animals in worst form imaginable.They were Savage.Majority didn't even wait for independence they bailed out.Kenyatta just slept as he was being shown his land and woke up hundred kilometers and had to take the whole of it.Brits similarly did a scrotch earth revenge against Kikuyus..that military strategy has been studied and used in modern insurgency.

Kazikazi:
You can't lie here,Everything have been documented.We fought a war.We went to uganda,we overthrown IDD Amin,we colonized Uganda for months!
Now,go and try to do the same in Somalia if you are a man!

Start by saying Amin occupied TZ province the size of Rwanda and Burundi...and you only got it back years later with help Uganda rebels like Museveni.Imagine you had to release dangerous criminals from all jails so they could help in the war.The cries at UN are documnted.It took Isreal,Britain and US lots of work to dismantle Amin.Amin was asked to withdrew his Governor of Kagera region...and then you ambushed him.

Ibrahimanees:
I've made my research and it shows that the number of Nigerian students in US alone almost triple that of Kenya, which is why I am asking for your source, maybe it's different from mine.

Do more research.One source hardly enough.

obaaderemi:
Your fathers were conned by that great con artist, Kenyatta, to shed their blood in the maumau uprisings so he and his family and few white friends could take over your country. That's why everything in Little India is owned by Kenyatta family and their white settler pals. You little Indians are left holding the baby.

Kenyatta was jailed for 7yrs and deserve the land he got from the scared Brits.Uhuru our president was conceived in jail.

Ibrahimanees:
You made the claim, provide the source!

By now you should know I don't lie so take that as prima facie evidence and start the Google research.

Runalong333:
Kikikiki, my friend you don't even know my tribe so quit your nonsense. What resistance did your lazy asses put up against colonizers? . Why did you pay settlers for your papa land instead of defeating them ? . Liberate yourself from lies and stupidity , you are too old for this .

We fought British when they came in 1900s for 10yrs and by 1950s we were fighting them.Read about Nandi resistance that lasted 10yrs and the Mau Mau that also last 10yrs.Nobody dared the Brits and we fought them so much after independence they all ran..and had to beg a few to stay behind.Its funny when you say they are white men in Kenya owning anything serious..those that remained..we begged to stay.We told them we forgive you..and few stayed otherwise majority bailed out.

Ibrahimanees:
Britain did not give up without a fight, it's just not a physical one. While some African countries were busy "fighting" for independence, Nigeria was using diplomatic means to secure independence, showing maturity right from the onset. Do not try to rewrite history. You can read more on the matter of you want.

What was there to fight for..they came to Nigeria to stop slave trade otherwise they found the place too humid and with too much malaria.

Go to KQ and see if you can fly from Lagos to Kisumu or Eldoret. Yes no passenger plane take off directly internationally off them - but they are internationally. Eldoret has international cargo planes take on and off - latest being Ethiopean Airlines
https://www.nation.co.ke/business/Ethiopian-Airlines-starts-cargo-exports-from-Eldoret-Airport/996-4891374-16br15/index.html

forgiveness:
Kisumu and Eldoret airports are local airports. Stop lying.

Yes the housing fund is brilliant. Will deal with housing sector woes. But the funded civil service pension fund will be a game changer. IMF & WB just don't understand how resilient kenyan economy really is.

Jonraid:
If the housing levy can collect 500 million US dollars annually,then housing is pretty much done. In a decade,that means that Kenya's housing levy would have poured 5 billion US dollars into the market. The pension pool is one that should be considered much just like the way you've said.What is Rotich doing? Lastly,the IMF team have been here and gave some promising outlooks of the economy,I thought they didn't want any business with us after their recent bursts and rants about the shilling and our economy!

Based on what - Nigeria buying PayNet from the Zimbwabwean who are running lose making ATM services. I think Kenya banks are far more sophisticated than any in SSA outside South Africa. Our banks are very innovative, very nimble, and very profitable despite the interest capping now.

You know for many decades Barclays and StanChart were kenya biggest bank - but right now - they are on their way out of the top 10 biggest banks - because kenyan local banks are so innovative and competitive.

Nigerian banks in Kenya are making losses - and have no chance in hell - while Kenya banks are kicking arse all the way to Congo.

The biggest innovation right now revolves around Agent and Mobile banking - and Nigeria JUST CANT hack it - while Kenya are on steroids on both counts.

Daejoyoung:
Kenya's financial sector isn't more sophisticated than that of Nigeria. Trust me on this one, you don't wanna go there.

I think insurance is pretty maxed out already. What is needed and treasury has not had the balls to do is a FUNDED Civil Service Pension Fund. We continue to have unfunded civil service pension that depend on tax payers. If we were to force all public servants to belong to Civil Service Pension fund - we would be talking billions of dollars - worth of money - that can be invested.

You need to look at South Africa pension - ours is 10B - Nigeria 20B - South Africa's is 370B!!!!!!!! And the solution is for treasury to move civil servants from unfunded to funded pension - like private sector - and create a huge fund - that would make NSSF look like a joke.

The civil servants would be forced to contribute % with gov meeting 50% of it - and nobody would be entitled to pension from tax-payers moving forward.

Jonraid:
That's a good one.There are many policies that need to be put into place.The insurance industry literally sits on a goldmine,they command huge financial muscles.There has been talks of them being brought in to fund big money projects.Then we have the remittances that can yet fund cash intensive projects,this one would soon be realised.Bright things ahead! We are talking of Sukuk and green bonds right now. The state plan of a the mortgage corporation which should be able to collect 500 million US dollars just for housing is something that should be backed by all stakeholders. Intresting things are happening in Kenya's financial sphere!

Of course. Maybe some countries GDP are basically one resource like Oil. Now tell us where Nigeria GDP is coming from. You claim to have 81B dollars worth of agriculture which we know is TOTAL BOLLOX. Now that you admit you banking sector is very tiny compared to South Africa - can you tell us where the Nigeria GDP emanates from? Nollywood?

Ibrahimanis:
What I am saying is that just because you have a bigger GDP does not equate to a bigger banking sector like he insinuated.

Again we are not looking at one indicator - but the aggregate of many indicators. I can imagine a banking island like Mauritus or Swiss would be top-heavy banking compared to other services - I also imagine some small countries will have some skewed sector data - but overally I don't expect wild swings - or difference - btw economies of same size - in so many indicators - like we see btw Nigeria and South Africa. We don't see those huge disparities btw Egypt and South Africa - sectorwise.

Ibrahimanis:
So US GDP is cooked too , because despite it's bigger economy, it's banking assets is smaller than Japan's.

Bank assets to GDP does not mean anything. It just shows that there are other sector bigger than banking. Lebanon's Bank assets to GDP is higher than Japan's or China's does that mean it's banking sector is bigger?

I am ambivalent. I think we need small innovative like Equity or say Unitas sacco - but we also need well capitilized banks. Small banks are big risk - they can collapse any time - like Imperial or Chase bank.

So I'd say CBK should continue to raise the capital requirement - and hopefully we will have big enough banks to be able to fund big ticket projects.

Jonraid:
Are mergers the next big thing? There has been a lot of talk about NIC and CBA merger if I'm not wrong. Should we embrace merging of Kenya's small banks and even look to enforce it through policy laws?

Of course I strongly believe you GDP is OVER-STATED. And there is enough evidence I have adduced. One such evidence is your total banking assets - compared to say South Africa or Egypt.

Banking is part of Financial sector of Economy. That is part of GDP. Yemi Kale will tell you your banking/finance sector is worth what clearly it is not worth.

Imagine you got very good banking - and yet your bank asset to GDP is - right there with Niger.
146. Nigeria 20%
147. Niger 20%

https://www.theglobaleconomy.com/rankings/bank_assets_GDP/

We have seen just how crazy your agriculture GDP figures are - that one alone is totally baked.

Ibrahimanis:
This again? You still believe that nigeria"s GDP is cooked

I've never said Nigeria's banking is bigger than SA.

And again their is no correlation between size of GDP and Size of a country's Bank assets.

See you're a small boy with conjured images of rich men. Wine is something westernized people drink after dinner. It's not something people go to a club or sit at their house to enjoy. I normally see many wannabe africans go to a club and order for wine. I'd excuse a woman for doing that - but you'd have to be a sissy man if you cannot handle alcohol. Drink beer or Whisky or Vodka or anything except if you're having a meal - then take the wines.

TayserMahiri:
Most millionaires I know do expensive wine. You might be the exception

Online experience nice one.

Okay let clear this some basics first.
1) Banking assets - we are looking at in-country data has compiled by Nigeria and Kenya central banks. GT Bank Kenya bank assets will be under Kenya - not under Nigeria.

You need to ask Central Bankers why they analyze banking sector assets amongst other metrics.

2) Pretty good indicator - doesn't mean the only indicator - but trust me - the bank strength or arsenal is it's assets. Even if you banks had the best intentions, everyone had a bank account, and name all the other indicators - all that will come to cropper without strong balance sheet to lend or invest the money.

3) You're only arguing because Nigeria banking assets clearly exposes your over-cooked economy. You see South Africa has 370B banking assets. Nigeria which claim to be bigger has 100B. Kenya has 40B. That is all the argument is all about.

4) Population is factored everywhere we are talking about human activities. How would we not factor that?

Long story short - Kenya beat Nigeria in banking sector - you look for any other indicators - including Financial Access - and you'll not argue.

And this is one of the sector Nigeria is doing good after the reforms(forced mergers & acquisition) of 2000s.

Ibrahimanis:
It's not a pretty good indicator because there are loopholes in it.

1. If it's a good indicator, why is it not use by economists around the world, because this is the first time I am hearing of it.

2. Not all Bank Assets are in a single country. For example, GT Bank is present in Kenya, Uganda, Rwanda, Gambia, Ghana e.t.c UBA in 20 African countries including Kenya, Ghana, e.t.c. Firstbank, Access Bank all have their assets spread across many countries. How do their assets in those countries serve Nigeria?

3. (I might be wrong on this though because I couldn't find the total Bank assets of Indonesia) but from indications, Indonesia has a superior Bank assets than SA, but SA leads in ratio to population. Will you say SA banking is superior to Indonesia's?

4. Going by your logic, we also have to factor in the number of customers (population) of a particular Bank (country) to determine how superior they are because banks only invest in (lend to) their customers.

5. Your argument is simplistic because it does not matter how big the assets of a banks in a country is if the masses can not access the money. And to determine how masses can access the money, you factor in borrowing power of customers, lending power of banks e.t.c.

6. And to determine the borrowing power of customers, you factor in minimum wage, income, expenses e.t.c at the end of the you have a very skewed result.

7. Banking depth, Banking transparency and regulation, Capacity of local investors, Macroeconomic opportunity and Enforceability e.t.c are the metrics mostly considered when measuring which banking sector is better while Bank assets is the only metric use to determine which banking sector is bigger/larger.

7. I genuinely enjoy our arguments, if you are no longer interested in this discussion, just say so, we'll go our separate ways, no need for the insults.