Rvp2018's Posts
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Kenya send lots of students to USA,UK, Australia and South Africa.In fact at some point we had more students in the US than Nigeria. 68816419: |
He is dimwitted Yobeezy: |
That million dollar question. Other revenues are like 3 trillion - less than 10b - total gov revenues Oil+Non-Oil is about 30B - add deficit financing of 3-4 billion dollars - and you've their total budget max of 35B. Jonraid: |
peanut compared to 7.3 trillion naira from Oil. forgiveness: |
Easy with triple counting. How is this FAAC - budgetted or accounted for - does Federal Gov's min of finance budget the entire amount - and then share to States or Counties - or each entity sort of assume what their share will be and budget for that. And beside it really easy - how much money does you gov makes from oil - your budget is really mainly oil. The answer from 2017 - your gov made 7 trillion Naira from oil- which is just about 20B dollars - how you turn that around to 60B - is the art of TRIPLE COUNTING. darfay: |
Nigeria states budget are truly hilarious - Cross Rivers When a state’s budget rises from N301 billion in 2017 to N1.35 trillion in 2018, it is not just a sign of fanciful accounting but of fiscal delusion; it is a poor man’s dream masquerading as a rich man’s fantasy. An increasing number of analysts have noted that the Cross Rivers State government’s spanking new budget for the year 2018 is a dangerous bridge between wishful thinking and irrational expectations |
They need to apply 3months before arriving in that TZ. Those lazy dullards are something. Jonraid: |
Even if we double counted - you still cannot get past 35B. darfay: |
What is being shared? Oil windfalls. Therefore I can help you find x (expected oil revenue) and expected IGR (Y = this is very very minimal because you just don't pay or collect taxes). Let find x. 2.?M barrels per day * price per barrel*365 days - and you've got your federal, state & local gov budget - at least 80-95% of your budget. We can give a ballpark estimate that this year your 90% budget will be around 30B - aka OIL MONEY- you see we get the same answer ![]() darfay: |
English comprehension is a problem for most of Nigeria because you've got the ugly pidgin messing your up. Although just based on this thread..it obvious the young generation of Nigerian are as dumb as Tanzania. It obvious your education that was strong in 60s and 70s...has gone to the dogs!!!!!!! Nigeria total budget is 28B - I think about 10B is federal allocation to states - meaning that money Abuja will wire to each of those states. Each state will do their budget....with estimate of what Abuja will wire to them...in addition to what they can generate and maybe borrow (they are very indebted). Kenya is a devolved gov. Our gov allocated counties money...about 3-4B dollars -- we cannot double count that. In short your total budget is 31B. ours is 31B. darfay: |
Whatever rank you choose - Nairobi will always be top 5 africa city - and easily the 3rd important city - after Joburg & Egypt - sometimes Lagos & Cape town are slightly better - but overal Nairobi is hot on the heels of Joburg - and the South African is not happy. darfay: |
Google - I think anything close to 3B dollars - with about 1/3 from Lagos city. So 28B+3B=31. In Kenya it's 30B+1B=31. So officially this year tiny kenya with 90B economy has the same money in gov coffers with mighty Nigeria. forgiveness: |
Double counting. Federal budget contains federal allocation to 36 states.Each State budget contain the same share of federal allocation. The total budget for Nigeria therefore is federal budget+IGR of the 36 states..which is about nothing except for 3 states (Lagos, River State and one more I forget). I do the same for Kenya. Total national budget +IGR for 47 counties. darfay: |
They are valuable thanks to shortage - it sign of un-development and unmet demand. If you go to south sudan or somali - you'll find very valuable tent hotels. For an economy that want to rival South Africa - you need 10 times your hotels - you bed capacity of 7,000 branded hotels - pale in comparison to their 60,000 or Kenya's 20,000. forgiveness: |
NJoro turn off? Kenyanstar: |
The internet I did this - I added 36 state +federal budget - and removed the federal allocation.Federal Gov Budget (USD) 1999:$13.6bn 2000:$8.2bn 2001:$8.3bn 2002:$9.5bn 2003:$11.4bn 2004:$9.8bn 2005:$12.4bn 2006:$14.7bn 2007:$18.8bn 2008:$21.1bn 2009:$25.8bn 2010:$29.3bn 2011:$31.8bn 2012:$31.4bn 2013:$31.2bn 2014:$31.1bn 2015: $26.7bn 2016: $31.9bn 2017: $23.6bn 2018: $28.2bn — BudgIT Nigeria (@BudgITng) November 10, 2017 Add up state budget and remove the federal allocation - so you don't double count. Or just add federal allocation (28B) PLUS IGR from the 36 states (only Lagos seem to generate some serious money -1B dollars) forgiveness: |
You're starting from a very low base of 7,000 beds in branded hotels - I think - so to reach kenya level in 20,000 you have to really work hard. South Africa have 60,000 branded hotels - that is a huge mountain. forgiveness: |
Uhuru will leave us when will be around 140-150B dollars (15 trillion Kshs) in 2023. That is Treasury projection based on 6% average growth rate. I think we might re-base again around there and realize the economy is larger - Ghana are aggressively doing this - their base year is recommended 5yrs - ours is 10yrs and I don't see that changing - because for re-basing you need lots of data that you can only get from census - the developed world have 5yr census circle - we can't afford to do that. Anyway IMF/WB think we will be around 130B in 2022. 10 yrs from now - we should be comfortably around 270-300B - not far from where South Africa & Egypt are currently - and by then I am betting we would be 3rd biggest economy after Egypt & South Africa - I think Egypt will certainly overtake South Africa soon. Nigeria GDP is over-inflated and everyone with a pair of eyes can see that. Their budget at 30B - combined state+federal - tells you there is nothing there to see. Jonraid: |
I hope Nigerians are seeing what 350B economy is really suppose to look like. They claim to have larger economy than South Africa - and yet Tanzania look even better than them. Kenya has to grow it's economy 4 times to reach South Africa current level. And that is doable in a decade. |
Precisely. Their earning data is cooked. Unless you were to imagine their tourist spend twice what they spend in Kenya and South Africa or other such countries. [quote author=kevomtaani post=72899279][/quote] |
In short their tourism earning figures don't make sense. It's nigeria type of cooking. Last year we received I think 1.2M tourists - our earning as we computed was 1.2B dollars. Tanzania received 1.3M tourist - their earnings as they self-reported - 2.5B dollars. You should know it just in the period of Alshabab and their wars that they caught Kenya - otherwise generally we use to receive twice the number of their visitors - and they use to claim they earn the same as us. These are kenya tourism data. [img]https://www.businessdailyafrica.com/image/view/-/4306272/medRes/1885785/-/maxw/1272/-/ksmrc/-/tourism+data.jpg[/img] Jonraid:
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It called cooked data - which is why the gap keep widening - kenya as of today has GDP of 90B (9 trillion kshs) - Tanzania is struggling to get to 55B - the gap is not closing! That is why they are passing the laws to prevent anybody from questioning their stats. tlann: |
It called cooked data - which is why the gap keep widening - kenya as of today has GDP of 90B (9 trillion kshs) - Tanzania is struggling to get to 55B - the gap is not closing! tlann: |
Just check number of tourist they receive - and compare with Kenya, South Africa, Zim, Zambia, Uganda, name them - and see how cooked their data are - they claim to make 2 times more from the same tourist we get!!!!!!!!!! Jonraid: |
Your figures are dodgy - they don't correlate with number of tourist you receive. South Africa receives 10m tourists - they make 8.8B from them. Kenya receives about 1M - we make about 1B dollars. Tanzania receive normally less than 1M - and claim to make 2.5B of them. The profile of the tourist you receive is the same that we and south africa receives - they should spend roughly 1000 dollars - not 2,500 dollars!!!. That I tell you is Nigeria style data cooking. I do hope this kind of cooking doesn't extend to your GDP figures. Kazikazi: |
TZ figures are doggy - for a long time they claim to make from the same set of tourist - twice the dollars we make. I think that just a case of cooked figures. Kenya has always almost received more tourist than TZ except during Alshabab terror. Jonraid: |
You do your research again..and when you're ready we can discuss railways network..in route & track terms if you fancy that. Kenya has a functional meter gauge railway that rans from Mombasa to Kampala - with kenya section about 1,000kms. That railways has branches - Athi river to Magadi is roughly 150km of functional rail. There is kisumu section that is also functional. We also have about 600kms of railway all way to Nanyuki & Nyahururu that is disused..and a section to TZ border of Taveta is not functional. The is light rail network in Nairobi city that is functional.Our SGR is greenfield...that is brand new rail....running parrallel to old functional rail. Yours is an upgrade of the existing MGR. Kazikazi: |
Your total rail network is 2,600kms (narrow gauge) - with only 950km Tazara network functional. A gift from Chinese people for wrecking your economy by teaching you Ujamaa. The SGR is an up-grade of the existing narrow/meter-gauge rail...not a greenfield..so generally your total network is stuck at 2,600 save for few sections..give and take 3,000kms after completion of SGR - if it ever come to it - considering your lethargy and brokeness. Kenya Narrow gauge network is 2,778ksm - and our greenfield SGR is 485Km completed (NBO-Mombasa) & 150Kms (80% completion) to be ready early next year - we will soon add another 250kms to Kisumu from Naivasha - and then another 150kms to Malaba. So in total our railway network is soon going to be 5,000kms - double yours - and our country is half your size. Your only greenfield SGR is small section from Isaka to Rwanda border I think. We won't add LAPSET proposed network - which would add another 2,000 plus kms to our railway network when it get implemented. Your railway network for near future will be stuck at 3,000kms..ours will be slowly climing to 10,000kms. South Africa has about 22,000kms (route network) - which is our target somewhere in 2030. Kazikazi: |
Oracle Nairobi is a regional office that serves more than 20 countries - Kenya, Tanzania, Uganda, Sudan, Ethiopia, Eritrea, Djibouti, Rwanda, Burundi, Namibia, Botswana, Zimbabwe, Zambia, Mozambique, Angola, Malawi and Swaziland. Others are Madagascar, Re-Union, Seychelles and Mauritius. Nairobi has established itself as HQ of multinationals interested in Africa - hence the pipeline of Grade A offices. Jonraid: |
When you're running on empty, what do you expect? They are scrapping the bottom of the barrel knowing very well that Kenya is so far ahead of them. Its like us trying to compete with South Africa - it simply not possible for Kenya to compare itself with South Africa now - with a straight face. We still need at least 15yrs to take on South Africa...but if we continue making progress...we can do it in 10yrs. Jonraid: |
African countries ranked most innovative; rankings per innovation indicator 1(best)-137(worst) https://www.tralac.org/images/Discussions/Viljoen_GCI_Fig_1_October_2017.jpg For African countries Kenya (ranked 37th) and South Africa (39th) outperformed the rest of Arica. Kenya shows the highest incidence of available scientists and engineers, while South Africa fares best in the areas of the application for patents, company spending on research and development and quality scientific research institutions. |
Tanzania will look for one obscure report or two that shows them ahead of Kenya in anything and ran away with that. Kenya ranking in whatever sector are solid. Here are some few example: Investment. Africa Investment Index - Kenya improve from no 15 in Africa to no 9. http://quantumglobalgroup.com/commodities_cat/africa-investment-index-2018/ South Africa RMB: Kenya is consistently on top 10.. And we are not talking of investment in natural resource extraction like you'd find in typical africa country but high end stuff. When it come to infrastructure...there is simply no comparison btw us & nigeria & TZ. tlann: |
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I did this - I added 36 state +federal budget - and removed the federal allocation.