₦airaland Forum

They need to ask themselves where all the petro-dollars went -Algeria, Angola & Dubai - name them - have stuff to show for it. Nigeria basically ate all their money.

Upper hill - before it welcome the tallest building in Africa - at 70 floors!
https://pbs.twimg.com/media/CzOSMsKWIAAoXvv.jpg

The City Center - the Old CBD
https://pbs.twimg.com/media/CnU8JrSXYAAsgGh.jpg

The Green City in the Sun
https://pbs.twimg.com/media/DDoc45CUIAAerCM.jpg

Kur17:
Very true, they'll deny it but it's obvious they know that, same reasons why they avoid posting pics here

Kenya famous matatus (not ugly dafno - built and designed by creative Kenyans from truck chasis
https://pbs.twimg.com/media/DEch9yqV0AMwTKR.jpg

Nairobi's answer to Joburg's Sandton - Upperhill new CBD.
https://pbs.twimg.com/media/DTBVQ61X4AI1JP6.jpg
Nairobi new year eve - this is not photoshop
https://pbs.twimg.com/media/DSeWLIlWAAEBcpl.jpg
https://pbs.twimg.com/media/DRupUAVWsAAZLGl.jpg
https://pbs.twimg.com/media/C1E4D2eW8AAd-eP.jpg
Nairobi Street level - trees planted right inside cbd.
https://c2.staticflickr.com/4/3692/33279464440_d643f021bf_h.jpg
https://c2.staticflickr.com/4/3715/32850188103_16ff802799_h.jpg
https://i.imgur.com/GAOm9in.png

Nairobi simply cannot compete with any shitty looking Nigeria city - Nairobi is looking at South African cities for comparison.
https://www.nationalgeographic.com/content/dam/travel/Guide-Pages/africa/skyline-nairobi-kenya.jpg
https://pbs.twimg.com/media/DfjujwOXcAcn3jC.jpg
https://scontent-iad3-1.cdninstagram.com/vp/c70d0171ac380616a258d7ea6b6c1d89/5BA4BEE0/t51.2885-15/e35/28428812_173922053401117_8022514088724660224_n.jpg
https://farm2.staticflickr.com/1886/42362974330_d2d2141bcb_b.jpg
https://farm2.staticflickr.com/1817/30304385908_2605904297_b.jpg
https://farm2.staticflickr.com/1834/30304385348_caa72459d4_b.jpg
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https://farm2.staticflickr.com/1835/42362975980_e48a386328_b.jpg
https://farm2.staticflickr.com/1859/30304385668_7fa38d2a9a_b.jpg
https://scontent-iad3-1.cdninstagram.com/vp/0c6f9d1946e41a74daf4ea0ad5b52db5/5BA4A6BF/t51.2885-15/e35/33226289_209420573187694_4096624211622100992_n.jpg
https://scontent-iad3-1.cdninstagram.com/vp/accc2ee4b9c216c5444c18d4d9abef80/5BB613A8/t51.2885-15/e35/19985571_670866819769639_646496816904273920_n.jpg
https://scontent-iad3-1.cdninstagram.com/vp/c5993b1c48a1a46d10a0ee1e55c65bd0/5BB69428/t51.2885-15/e35/20065246_476893392663705_101690982889684992_n.jpg
https://scontent-iad3-1.cdninstagram.com/vp/954a4f021418ebb482e3e0cfb21f92d1/5BB6E322/t51.2885-15/e35/19986028_104544520212557_4894951635723223040_n.jpg
https://scontent-iad3-1.cdninstagram.com/vp/20f74433aa1cf1148e0ce513bc8f166b/5BB382E4/t51.2885-15/e35/19985184_665393796999855_3013224706980446208_n.jpg
https://pbs.twimg.com/media/DYmEQbRW0AcMQSW.jpg
https://pbs.twimg.com/media/DYmEslGWAAA1SJZ.jpg
https://c1.staticflickr.com/1/958/28145969328_7ec835034d_b.jpg
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https://pbs.twimg.com/media/DdM2sGBXkAAttEn.jpg
https://pbs.twimg.com/media/DWqJwzFW0AAe7oZ.jpg
https://i.imgur.com/2FWJR0G.png

Thanks for taking the trouble to explain to them. I think apart from Sorghum that is used to produce cheap beer in Nigerian - everything else in Nigeria is eaten nearly raw - from raw tubes (cassava, yams) that are cooked directly or milled at home - there is very little processing/manufacturing/value-addition that happens. The first part is strictly agriculture - while the second part (agro-processing/value-addition) is split btw Manufacturing & Service but can also called Agriculture as opposed to Industry & Services.

For the purpose of calculating GDP (coming up with National Accounts) - UN Stats Division - has come up with way to classify this -

https://unstats.un.org/unsd/publication/seriesm/seriesm_4rev4e.pdf

For Example

Agriculture, forestry and fishing
This section includes the exploitation of vegetal and animal natural resources, comprising the
activities of growing of crops, raising and breeding of animals, harvesting of timber and other
plants, animals or animal products from a farm or their natural habitats.
01 Crop and animal production, hunting and related service activities
This division includes two basic activities, namely the production of crop products and
production of animal products, covering also the forms of organic agriculture, the growing
of genetically modified crops and the raising of genetically modified animals.
This division also includes service activities incidental to agriculture, as well as hunting,
trapping and related activities.
Group 015 (Mixed farming) breaks with the usual principles for identifying main activity.
It accepts that many agricultural holdings have reasonably balanced crop and animal production
and that it would be arbitrary to classify them in one category or the other.
Agricultural activities exclude any subsequent processing of the agricultural products
(classified under divisions 10 and 11 (Manufacture of food products and beverages) and
division 12 (Manufacture of tobacco products)), beyond that needed to prepare them
for the primary markets. However, the preparation of products for the primary markets
is included here.
The division excludes field construction (e.g. agricultural land terracing, drainage, preparing
rice paddies etc.) classified in section F (Construction) and buyers and cooperative
associations engaged in the marketing of farm products classified in section G.

sufferNsmiling:
When you talk about the gdp of agriculture it is very difficult because agriculture can fall into manufacturing or production . If you grow soya beans and then to process it into cooking oil and chicken feed it falls into manufacturing not agriculture. If you grow maize and millet process it into corn flakes it falls into manufacturing not agriculture. Once a product is finished goods it is no more classified as agriculture but it is classified as manufacturing a process goods. That is what happens in south africa, brazil and a lot of countries so most of the manufactured products but the bas products are agricultural products. It's like where I am working now we do a lot of jatropha for biodiesel it is not classified as agriculture but it is put under manufacturing. In nigeria the agricultural products to gdp is very high because there is no manufacturing going on the products are just sold raw. In kenya ,south africa and a lot of other african countries the agricultural percentage of the gdp is very low because the products are manufactured example grapes I made into wines. Sweet beans I made it to bake beans. Fruits are made into drinks and jams. So that is why other african countries their agriculture gdp is very low because they process a lot of the products e to finish goods so most of these products go as manufacturing.

It's been an eye opener. You see how these guys reason (or don't) and you start to understand why they are in a mess. You can imagine the guy thinks opening a WTO office makes them a world trading center .

Here is somebody who produce stats that says 150M out 180M live below international poverty line (2USD) & VW despite opening a plant managed to sell less than new 30 cars the whole of 2017 (read Private consumption is NILL) - their exports exclusively oil is worth 50B - their imports now down to measly 30B (mostly rice+wheat+tomato paste+milk powder - their gov expenditure combined 35B - and still claim their GDP is 400B. It shocking. Well until you interract with average nigerian and realize that like our southern neighbouers TZ - they can't possibly be helped - not even GOD gesture of billions barrels of oil and gazillion cubic meters of natural gas - can help Nigerians.

Yes Ghana and Ghanians have always been as progressive as Kenyans. I see a bright future for Ghana.

kikuyu1:
I long ago concluded many if not most Dangotelanders will forever ride the 'Sort Bus.' Keep the truth coming anyway-those who see will learn! Noticed Ghana news? They're srsly thinking a massive infrastructure upgrade in growth enablers via a 50bn$ mega project bond.


http://shipsandports.com.ng/infrastructure-development-ghana-mulls-50bn-century-bond/

Our options as Africans are limited-being poor even if we do capture say 30 to 35% of GDP as revenues its not much if your GDP PER CAPITA is below 4000$. What to do? Stumble on for another century of poverty? Plan,pray,take the loan and trust in your plan? While I do get the nay sayers imo,the latter is the only viable option.

Precisely.No wonder their country is such a mess.Hosting small office of WTO now makes Maputo or shitty looking Lagos a world trade center.Shocking nonsense[quote.quote author=gallivant post=70939175]Like I thought, daft as a rock. I won't even bother explaining the obvious.[/quote]

What is the population of london and joburg compared to their gdp.GDP has got nothing to do with population.Lagos generate only 1b dollars and has to beg Abuja for 2b dollars from Oil industry.That tell you the city is crap.Nairobi is multinational HQ of Africa and generate half of kenya taxes

nwoke37:
Wait, hold up. You believe Nairobi and and Lagos have the same GDP? Just looking at population numbers alone... It's just preposterous.

Yeah bigger than Kenya GDP and only generates about 1B dollars in revenue - despite being a state . You've got jokes. I am going to hazard a guess that when real GDP of LAGOS is finally computed - it's will be about the same as Nairobi or slightly higher. Nairobi is definitely better than lagos is so many matrix - the pictures says a thousand words.

Danielnino00:
Seems like the Kenyans don't have better pictures of Nairobi other than their CBD..
Just like 68816419 said,most Nigerians don't really take pictures of their environment to brag about on social media... but try Lagos..

Ikeja, Yaba,Lekki,Victoria island,Lagos island,banana island, ikoyi,eko Atlantic, ajah.

. Those aren't just high class but very industrialised area.
Lagos GDP being bigger than that of Kenya isn't a myth,its a reality. but some dunce here is hell bent on using Yemi Kale to drag ur GDP down to their level

That rich coming from you.

GDP can be broken down into BIG SECTORS. Agriculture, Industry and Services.

GDP Agriculture that we are comparing is ISIC A - that define agricultural activites - and Brazil share has never been 20% the last nearly 80yrs!!

Right now Brazil's Agriculture(SMALL) it's 4.5%. Agriculture (BIG) including agri-business & value addition is 20%.

obaaderemi:
You are embarrassing Kenyan educational system here.Why are you fighting tooth and nail like a lion in order to embarrass yourself?Raw Soybeans export alone from Brazil is worth over $20bn in a year!That's like 10% of total export. Now factor in other grains, meat,fish,etc and you will see that Brazil's agric share of GDP is more than 5%.If you still want to argue,you can do that with your fellow little Indians.These argument is stale.

Only 15% of Ethiopia is arable - mostly in Ethiopia highlands - maybe 2 provinces - the rest of the six province are mostly arid. What else would you like to know?

obaaderemi:
Coming from the same uninformed man who thought 100 million Ethiopians live in deserts. Point out any part of the article which supports your claim. Why are you always in the habit of forming your own erroneous conclusions?

You repay debt - not with GDP - but with gov revenues. Our total revenues (taxes+AIA) - is projected to be around 20B annually this year - so yes we can repay 50B -considering majority of loans - are not commercial - but concessional long term maturity loans.We have never defaulted before and cannot start now. Of 50B loans - the biggest item is SGR - which looks to repay itself.

Daejoyoung:
The clown who calls himself rvp2018 believes Kenya can easily pay the 50 Billion dollar debt back, because they have a GDP of 80Billion dollars

You're obtuse. Brazil share of agriculture is 4.5-4.6% - as per ISIC definition - Get that. Nigeria is 18-20%. Before we go for value addition - you're telling us that Nigeria agriculture is equal to Brazil.

Here is WORD BANK ranking for 2017. NIGERIA 20.8%. Brazil 4.6%. WHY ARE YOU GUYS SO stubbornly obtuse. We need to move on with this conversation - to agriculture industry.

https://data.worldbank.org/indicator/nv.agr.totl.zs

Brazil of course has incredible value chain - for example ethanol production - that raises it's industry contribution to 20%.

Again you're so frustrating thick headed. There is no way that your dead agriculture can be anywhere near Brazil - whichever parameter we look at.

Daejoyoung:
Oga Brazil's agriculture is about 500 Billion dollars and that of Nigeria at it's apex was nothing more than 180Billion dollars if you say 40%, Brazil's agriculture at 23% in 2017 is already bigger than Nigeria's GDP, so what the hell are you ranting about? At the moment agriculture in Nigeria is 18%( value added % gdp only) and is 50-60Billion dollars( using your value added percent gdp) and that of Brazil is slightly higher at 5%( using value added %) this doesn't make Nigerian agriculture close to that of Brazil, because the total% GDP of agriculture in Brazil is already at least 3-4 times that of Nigeria and even bigger than the Nigerian GDP as a whole presently.

That looks a lot better.With cheap smartphones - why is there dearth of good pictures? All I have seen from day one is GIDITRAFFIC.

68816419:
Most Nigerians hardly take pictures of their environments and that is why you hardly find many pictures of Ikeja online, aside that, most of these pictures are old,new Ikeja city has expanded beyond your imagination
Ikeja is the capital of Lagos State. a well planned, clean and quiet residential and commercial town with shopping malls, pharmacies and government reservation areas. The Murtala Mohammed International Airport is located in Ikeja. Ikeja is also home to the Femi Kuti's Africa Shrine both venues for live music, Ikeja City Mall, which is the largest mall in the Mainland of Lagos State and also has a cinema.

Second Lagos CBD ,Victoria Island (VI) (Mighty apple)
Victoria Island (VI) is an affluent area that encompasses a former island of the same name that sits between Lagos Island and the Lekki Peninsula in the Lagos Lagoon. It is the main business and financial center of Lagos in Lagos State, Nigeria. Victoria Island is one of the most exclusive and expensive areas to reside in Lagos

We can only compare apples to apples. Oranges to oranges. Agricultural activities with Agricultural activities. Agricultural Industry with Agricultural industry.

Brazil Agriculture (according ISIC) has been approximately 5% - roughly worth 80B - Nigeria OVER COOKED GDP agriculture is aproximately 20% - about the same 80B (73B last year). THIS TELLS YOU IT"S OVER-COOKED.

Brazil Agriculture as an industry is 20% - roughly 400B - Nigeria tells us their is worth 40% - roughly 160B.

At it apex - when Yemi Kale re-based Nigeria GDP was worth 100B (more than Brazil) and Industry roughly worth 200B.

You can google and find some many links

This statistic shows the share of economic sectors in the gross domestic product (GDP) in Brazil from 2007 to 2017. In 2017, the share of agriculture in Brazil's gross domestic product was 4.57 percent, industry contributed approximately 18.48 percent and the services sector contributed approximately 63.07 percen


I don't know why you Nigeria find this hard to understand. Is your education that bad. I thought you were better than Tanzanians who are truly very obtuse.

Daejoyoung:
Oga he was talking about the whole industry of agriculture in Brazil which is 20% and about 584 Billion dollars ( already bigger than the entire Nigerian gdp), he wasn't talking about % value added tax of agriculture in Brazil which is 5%, you are the one bringing that here because you 've been cornered and you are a professional when it comes to straw man arguements.
Simply admit you were wrong about Nigerian agriculture competing with that of Brazil and give it up.

And this Ikeja-victoria is suppose to be rich neighberhood of Lagos. It very shitty looking.

68816419:
Aint Kenya tired of recycling same angels of CBD Pictures?

Lagos pictures (Main land )
IKEJA
Ikeja distance from Victoria island 51 min (31.5 km) via Expressway/E1

Read the article - Agri-business - Brazil with it;s world class agricluture - still managed to add incredible value chain - processing or agri-business.For example - Brazil produces nearly 700M metric tonnes of raw Sugar [AGRICULTURE] - it's then processed (MANUFACTURING) into 38M metric tonnes of sugar - and lot more into ETHANOL (ENERGY) - which like you natural oil - is used to power cars & other industries. There is a lot of logistics involved to ship all that sugar worldwide (Transport). THAT IS WHAT THE ARTICLE IS TALKING ABOUT.

What hell is wrong with Nigeria EDUCATION. Is it as bad as Tanzania?

obaaderemi:
https://www.reuters.com/article/brazil-agriculture/brazil-agriculture-agribusiness-contributed-23-5-pct-to-gdp-in-2017-cna-idUSE6N1ND008

Yemi Kael poodle, I know you're obtuse and like a typical nigeria proudly so. Yes I think you're nearly there - I am gald you know ISIC - so what is Brazil GDP contribution from Agriculture - is it 5% or 23%. Let me help break it down for you. Nigeria produce a lot of sorghum (agricluture) - that is used to produces hectolitres of beer (food processing - manufacturing ). So when measuring GDP - We count the first part of Sorghum as Agricluture and 2nd part as Manufacturing. The entire sorghum value chain can still be proudly classified as AGRICULTURE (all though there is a lot of manufacturing & related value chain).

Brazil agriculture is 5% of it's GDP using whichever ISIC you like. When the industry is considered (value chain) then it grows to 20% (approximately). Nigeria if we take yemi kale stew is anything around 20% - and industry wise (including say food processing) is 40% of it's GDP.

Brazil GDP from Agri has never been 20% the last 60yrs!!! I think in 60s - it was around 15%.

The precise figure for 2017 is 4.6% of its's GDP.

Yandl:
learn National accounting then comeback dude. NIGERIA uses the most updated Systen of national accounts and the latest ISIC rev 4. What you quoted is old one but I’m not suprised Kenya is behind. Backward and outdated in everything. As far as Brazil and NIGERIA Agric gdp is concerned I believe I’ve already shown you are clueless about the fact. Google is your friend. Use it rather than mess yourself up here. Dumbass.

Yandl,

Before you respond - I think you need to realize just how "BIG" Brazil agriculture. It GIGANTIC. Brazil is world leading producer of SUGAR, COFFEE, BEEF, CHICKEN and name it. It also one biggest produce of forestry products !!!!!!

Sugar production alone is 700M metric tonnes!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Nigeria last year produced 80,000 metric tonnes !!! Kenya normally does anything 350-600K tonnes.

Just think about 650 (crushed - 38M metric tonnes) Million metric tonnes of Sugar that Brazil produces - and then ask Yemi Kale to go for his refund from University of Adis Ababa.

Yemi Kale poodle!

it's hard reading your prose - kindly try use paragraphs. One more manifestation of your poor Nigeria cum Adis Ababa university education.

Agricluture strictly speaking as per UN classification accounts for roughly 20% of Nigeria GDP - and 40% of GDP when whole industry is factored ( I am talking agro-processing and entire value chain). Those are the data that I got from Yemi Kale of Adis Ababa university. Brazil is 5% and whole industry (agri-business value chain) is factored (20%).

Yemi Kale should have looked at Brazil's agriculture GDP and stopped there! Brazil is world re-known agricultural giant!!! - that is why IMF ought to have helped Yemi Kale validate his numbers.

So let us go slowly - let's compare Nigeria and Brazil GDP - on agriculture - strictly - as per UN Classification - A - Agriculture, hunting and forestry 1 - Agriculture, Hunting, Forestry and Fishing.

Brazil share of agriculture GDP is roughly 5% . Nigeria share is 20%. Roughly they come to around 80B. According to Yemi Kale - Nigeria is world six biggest agricultural power-horse - better than likes of France.

I don't want to go further than this for now. Let settle that first - what is share of Nigeria and Brazil GDP (classification A - Agriculture).: Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production.

Yandl:
hahahaha���� the ignorant and intellectually deficient ostrich buries his head��. Didn’t you say Agric was 200bn before? Now you say 100 before and now 80? How to spot lairs� and how to spot intellect deficiency. Their stories change when confronted with irrefutable facts. Then they shy away from facing the facts they are confronted and try displacement and attempt to shift focus away from the dog whipping they have just been given. So your response is to throw insults at a London school of economics superstar which your obvious dumb ass cant clean his ass? That your response to my points? Pathetic!! Weren’t you for days showing us your “intellect” for days. You met your match and want to run off throwing poorly articulated insults and logical drivel? ��. Dumb ass. Now let me show u how it’s done in intellectual debates by taking u on re Agric and brazil since that’s all u have left to hold on to as d others have been torn to pieces u can’t respond. Brazil had 65.3mn ha of cultivated land of which 31% of land area is crop land. NIGERIA has about 45 mn ha farmed of Its 82 mn arable land. Agric gdp for Brazil is 26.4% of gdp which is $2.1tn in nominal terms and $3.3tn in PPP. Since you are also maths deficient 26% of that gdp is about $546bn or $858bn in ppp. Nigeria’s gdp in 2017 was $492 billion with a high of $584bilion in 2014 in nominal terms and 1.11trn in ppp. This means ignorant fool that in nominal terms Brazil agric is even bigger than the whole NIGERIA gdp in nominal terms. Where did you get your lie that NIGERIA has a bigger Agric than Brazil? Dumb ass or maths deficient or both?� I vote vote. In Kenya I guess 80 amd 100 is bigger than 492. ���. Kenya has a population of about 44mn of which 42% are poor while NIGERIA has 87 mn poor representing about the 43%. This means NIGERIA has over 100 mn people that is twice the population Kenya outside poverty. Try and keep us. I know it’s hard. So non poor In Kenya is 18.4mn and NIGERIA is 80.4mn. Four times more than Kenyan poor and twice the whole population of Kenya. And u want to suggest trade can be more than NIGERIA in gdp. Even if each NIGERIA spends half of what each Kenya spends which isn’t even possible NIGERIA total trade will still out perform Kenya by a mile. Let’s assume each Kenyan non poor spends $2k and each Nigerians spends $1k them total Kenyan expenditure is about 36mn and NIGERIA is about 80mn. You got jokes dude and not intelligent ones. NIGERIA poverty rate and Kenya is about the same but Kenya just has fewer people. But I guess you don’t understand how absolute nos and percentages work do u? Dumb ass��. Please try me again. I’m hungry and desperate to deal with u intellectually. By d time I’m done with you intellectually u won’t come in this platform again. Let’s do this... please ��

YOU SOUND AS THICK HEADED AS YEMI KALE .Kindly demonstrate how nigeria agriculuture was 100b recently and now at 80b..that bigger than Brazil.I am all ears.As for shoprite and manufacturing you got jokes.You cannot beat kenya in both formal trade and in manufacturing..roughly 90b economy.Nigeria GDP is anything btw 150 to 180b.And KINDLY TRY READ MOST OF THE PAGES HERE BEFORE ASKING KINDERGATEN QUESTIONS HERE.

Yandl:
lets start with agriculture. I’ve floored you there. I’ve proven you have no point whatsoever on Brazil. Then let’s look at crude and telecoms and real estate all over her world and arts entertainment and recreation. Which of these can Kenya match up to? Let’s look at capital Importation and FDI. Compare nigerian stock exchange to Kenya. You need to stop making emotional statements devoid of intellect making you sound bitter and retarded. You talk of manufacturing that is still only 9% of gdp but yet the biggest manufacturing plants are being set up in NIGERIA. You look at Forbes and almost all the richest people and mostly from NIGERIA. I don’t remeber seeing any Kenyan listed. This poverty stricken NIGERIA that is weaker than Kenya has more consumption of luxury items. You also don’t even know gdp can be calculated by expenditure which shows 79% of gdp is consumption expenditure. If you understand gdp you will shut up here.

He is best of the worst.Brain drain.Kenya stats and econometric has for long time been under Prof Terry Ryan an onyimbo kenyan who knows his shiet.Not Adis Ababa idiot like Yemi Kale.You need to get someone of Prof Terry Ryan calipher to help you with credible figures

Daejoyoung:
. Yemi Kale is the Statistician General of the National Bureau of Statistics of Nigeria.[1]

Under his tenure, the GDP of Nigeria was recalculated, and following the recalculation, declared the largest GDP in Africa.[2]

Kale assumed office in 2011,[3] and was reappointed in 2016 making him the first chief executive in the Agency's history to serve two terms as statistician general. Kale is also a member of the boards of Skye Bank and SFS Capital Nigeria Limited. Before assuming office Kale acted as a special adviser to the Nigerian Minister of Finance and Minister of National Planning as well as group head of research and strategy at Investment Banking and Trust Company, now Stanbic IBTC Bank[4] In addition, Kale is a member of the World Economics Association, UK Royal Economic Society, and a fellow of the UK Royal Statistical Society.[4] He is also a fellow of the Nigerian Statistical Association and a fellow of the Institute of Chartered Administrators and Researchers of Nigeria among others. At The National Bureau of the Statistics he has been applauded by both Nigerian and foreign observers from his reforms in the data process which many believe has restored sanity to the data production process in Nigeria. Kale is commended for introducing methodology updates, some decades old, using modern technology such as Computer Assisted Personal Interview Devices to gather data and improving platforms for data dissemination including a data portal, upgraded website and App and the use of infographics to make data easily understandable by users. Under him timeliness of data, data quantity and quality has been greatly enhanced and data credibility improved significantly. He is highly regarded for his fierce refusal to tamper with data or rejection of the politicization of data which has gained him recognition from both pro and anti governments stakeholders as well as the international community. In August 2016 he declared that Nigeria"a economy had entered into a recession, the first time in 25 years. Kale was awarded the National Productivity Order of Merit for outstanding performance, professionalism and diligence in February 2017 by the Nigerian President Muhammad Buhari.

SORRY BUT YOU HAVE NO DEBT PROBLEM.Investors and creditors cannot lend to a broke country however much they cook their gdp.Your total debt seem to be less than kenya...now at 50b dollars.Kenya has never defaulted and can repay its debt so we leverage.Nigeria can cook the books but the money in the bank vault cant be cooked..esp if debt has to be repaid in hard cold dollar bills.Of course if oil rises to 100 dollars a barrel...Nigeria can start the party and when it drops to 20..teeth gnashing begins

sufferNsmiling:
[b]rvp2018 nigeria debts is more them it economy . The trick with nigeria's gdp is once the debts is reaching the gdp the gdp is increase. Nigeria debts has overtaking it gdp so the government keeps on increasing the gdp. Just look here nigeria says its own china 15 billion us dollar reality nigeria is owing more than 60 billion us dollar in 2016. In nigeria once a new government is coming in all the papers how much did they borrow they burn them up so you do not know how much the country is owen in reality. But what we know is local debt is 38%. International debt is not known.are oil is going to pay debt. Look at article below.[/b
]

http://www.citypeopleonline.com/see-much-nigeria-owing-china-according-national-bureau-statistics/

https://www.premiumtimesng.com/news/headlines/243644-nigerias-foreign-debt-40-buhari-nbs.html

YEMI KALE OF ETHIOPIA UNIVERSITY HAHAHA RESPECTED BY WHO.With bsc and msc from lowly ranked Adis Ababa university.You got jokes.The university is ranked 12k places..probably worse than any kenya university and that your number guy.

Algeria’s installed electricity generation capacity stood at 19,006 MW, of which 97 per cent was based on thermal energy sources, mainly gas.

Nigeria theoretically can generate 10,000mw - but hardly are able to generate 2,000mw.

Without power - there is very little manufacturing and mining going on in Nigeria.

Comparing financial sector

Total banking asset in Algeria is 100B usd. Nigeria is around the same 90-100B. Kenya is around 40-45B.

So as you can see Nigeria is closely tracking Algeria - 180B - with kenya about half of that - 90B economy - whatever the metric or indicator we pick

In conclusion - Nigeria=Algeria - GDP wise - with Algeria having huge edge in formal sector - that compensate for useless informal sector of Nigeria consisting of cattle herding Northern Nigeria and hoe-powered farming in the south.

The next sector is Agricluture. Nigeria fake agriculture is worth 80B - Brazil has nothing on them - neither does Indonesia ---- Algeria is a solid realistic 25-30B.

Nigeria produces about 6M tonnes of grain - that about Kenya's - which has about 20B of GDP from Agri - so you can see their data is credible.
https://www.agriculture.com/markets/newswire/algeria-s-grain-harvest-rises-by-74-pct-minister

3 ways to compute GDP - Income, Production and Expenditure.You cannot export what you didn't produce. Expenditure approach is preffered and more reliable - and that factors exports.

It obvious that biggest sector in both Algeria and Nigeria is the oil & gas industry. On that basis alone - Algeria beat Nigeria.

And so the next - item we will look at is Agricluture. Nollywood is just 1.2% of your GDP - so don't come crying on that.

You'd be amazed to know Algeria is kicking .ar.se big time in agricluture the last few years.

When it come to manufacturing - algeria is on another level.'

When it come to banking and telcom - we shall soon see if Nigeria can catch up.

Maybe services and trade - informal traders can give Nigeria some edge

Ultimately it appears to me Algeria is ahead off Nigeria.

Daejoyoung:
So export now determines GDP, for two countries with a huge difference in consumption, demand and population, guy go and sleep , don't bother quoting me anymore because you are a clear ignoramus, worst case is that you even think you are knowledgeable. You made it clear in your previous post, no one would investigate Nigeria because it's Nigeria afterall, it means no one cares about Africa then because Nigeria is the biggest economy in Africa.
l have told you, believe want as you have a right to your opinion. The stats on the ground do not agree with you, when they do then we talk.

Comparing Algeria (Solid 180B economy versus Nigeria (fake 400B economy).

1) Start with Energy sector - both countries most important sectors.
Oil production - Nigeria (2M) verus Algeria(1M) - barrels per day.
Gas Production - Nigeria (3.7) versus Algeria( -billion standard cubic feet per day

So give and take - Algeria has slight edge in Oil & Gas sector - on the account of superior gas production.

Oil & gas generates - 60-70% of Algeria revenue - which about the same as Nigeria (use to be high of 95%).

Algeria export nearly 80B worth of goods - Nigeria is struggling around 50-60B - both countries exports 97% consist of Oil & Gas.

Algeria import nearly 50B worth of goods - Nigeria is struggling around 30-50B

Algeria budget is 133B - while Nigeria total budget (federal+state) is 35B

You've earned the reputation for cooking anything - both at private and gov level - I doubt any research would get grants to conduct validation of your GDP or Population figures. It's Nigeria. Folks can spend more valuable time examining cooking in North Korea or Russia or China...than obvious case of Nigeria.

As far as you being Africa largest economy - you can take it - together with being World HQ of POVERTY - You recently won that title from India - and at the rate at which more nigerian are falling into poverty - it look likely you'll be the permanent HQ of poverty!

The irony of being 1trillion(ppp) economy with nearly 100M people living in absolute poverty is not lost on any sane person.

You GDP is easy to dismantle. No way your agricluture is equal to Brazil. The next big sector is Oil (we have solid data for that). We can top it up with banking (financial & intermediation) where data is available - and we are about half way through your fake economy.

I still insist that Algeria has a bigger economy than Nigeria.

Daejoyoung:
.
ok then, the debate is meaningless, since no one takes your strange views seriously, until you can forward your illogical claims to the bodies that matter, it's just your belief which you are entitled to and which is irrelevant, so arguing this is pointless.
However l can state officially anywhere about Nigeria being Africa's largest economy and no team of Economic experts anywhere would challenge me, but for you, you can't present your views beyond the pages of Nairaland and the walls of your bedroom. So yours for now is mere beer parlour talk.
No sane Economist would believe that Nigeria's Economy is the size of Algeria( and it defies common logic even), so why should your opinion matter? that you believe such tells me l'm wasting my time here.

I am ever ready for you

Okay let stick to facts - we are not debating Lagos - but Nigeria - and if you explanation for the prevalent endemic poverty in Nigeria (despite officially a whopping 400B econom) is that Nigeria growth is unequal there is simply no data to support that. The data I gave you are 2017 - Kenya (10K dollar millionaires), Nigeria(15K with 4 B) and South Africa(45K with 6B). Therefore your argument is BASELESS.

As for Nigeria GDP being larger than Algeria now (lets not talk about Nigeria historic problematic cooking of data) - I think I am willing to debate that.

My theory is Nigeria GDP is about the size of Algeria now. It's CERTAINLY IS NOT AT LEVEL OF SOUTH AFRICA OR EGYPT.

Daejoyoung:
2003-2013, we had more than 4 dollar Billionaire,( about 6, because of the higher exchange rate then) and Lagos have 9100 dollar multi millionares to Cairo's 10200 and Johannesburg's 18000( according to the 2017 data). My point is that it was a period of Economic growth, but draconian capitalism based on corruption and a neglect of infrastructure, and about all the dollar Billionaires came from that era. Before this economic growth and the eventual rebasing, we were at 170Billion dollars already in the Abacha era( the GDP of current Algeria, a country less diversified in terms of trading and services and less populated than we are, with an even less developed oil sector than Nigeria). So it doesn't make sense that with all the capitalist reforms of Obasanjo ( though unequal) and with the opening up of the economy and the privatisation that occurred from 2001, that we would remain at 170 Billion dollars, we actually grew at an average of 6-7% down to 2014 in addition to the oil and agricultural boom.
So tell me what else do you know about Nigeria? oga Minister of lnformation, l ready for you today.

Which billionaires - you ony have 4 dollar billionaires? - and you have 15K dollar millionnaires compared to 10k in Kenya. South Africa and Egypt have 30-50K dollar millionaires. You see even if we assume your economic growth is somewhat unequal - it appears at beat your GDP is about twice kenya -180B dollars - or about 3 times less than South Africa.

Daejoyoung:
We all know Nigeria grew at a rate of 6-7% from 2003- 2013 on the average, but the growth was non inclusive, there were more Billionaires from this period but great inequality from the high rate of capitalism at the Obasanjo era increasing the level of poverty, so there's nothing special about this data. You don't even know what you're quoting, the statistic there, is no evidence of fake GDP figure but evidence of inequality and a surprise at the level of corruption.
Try as much as possible to understand your links and the points they are passing across.