₦airaland Forum

obaaderemi:
How will he not sound sane to you when you are both insane. He tells you your agriculture is more advanced than Brazil's and you say he is sane.

obaaderemi:
Your madness has not left you.

Danielnino00:
For argument sake, mention the cash crops where Kenya is a leading world producer/exporter.. or at least among the top 10 in the world..

nwoke37:
Nigeria has just commissioned the second largest brewery factory in Africa


https://www.youtube.com/watch?v=YL2QHHrMOkg

Daejoyoung:
Again use your brain man, small scale trading or trading belongs to the class of self employment, nollywood as a firm is the second largest employer of Labour besides the Government. Try to think, understand the point before typing like a house on fire. Nollywood is 1% of GDP, it is tiny and not 50 Billion dollars, but it employs heavily as a firm besides the Government.

Leroy19:
Generating more than Brazil that sits on one of the most fertile places on earth laddened with lots of rain bearing clouds because of the Amazon!

Daejoyoung:
l have no interest in this dick measurement with you, since you are so much interested in Nigeria, you know where to get the data of the Labour force from, why not get it and post it here, or give me something to dispute my claim that nollywood as a firm employs more people besides Government wages. Others are into other private services, Construction etc which may be larger than nollywood, but nollywood as a single form employs over a million people involved in acting, video work, editing, etc etc. Can you disprove my claim, l have no time for all these.
Also stop quoting figures irresponsibly without facts, it doesn't tell well of you, good day.

darfay:
You keep Nigeria is a crazy place this and that, but yet you have been @ this over two years on Nairaland which is a Nigerian site in case you forgot. Are you guys that obsessed, don't you ever get tired

Daejoyoung:
First l asked you, can you give me the source of your claim that nollywood is worth 50Billion dollars?? lf you can't, then admit you goofed, no need dribbling around that
Nollywood employs over a million people both directly and indirectly ( not 100 million people). They are the second largest employers of Labour aside the Government, and as a firm, they are the second besides Agriculture which employs most of the North Central, the core North and a large proportion of the South ( to a smaller extent).
ls there anything else you would like to know?

Daejoyoung:
Can you quote any data that says Nollywood is worth 50Billion dollars Why do you pull nonsense off your arse all the time? And yes nollywood is the second biggest employer of Labour in Nigeria.

obaaderemi:
I have said the same thing many times @the bolded. But you know what people say about the ostrich burying its head in sand.The man who came up with that metaphor had our Little Indian friends in mind.

Nokio1:
Thread closed

TayserMahiri:
Is it on riparian land?

Kenyanstar:
Sincerely speaking from an open mind, Nigeria has a very huge potential. Imagine if the Tax regime was formalized and actively used as a source of domestic revenue channel, the results are just mind boggling and a game changer to the ailing Nigerian economy. Over dependency on direct oil revenue is the reason why the Nigerian GDP has stagnated, if oil was to loose its commercial viability then traditional revenue sources and alternatives would have to be adopted. The Kenyan economy deeply depends on tax avenues that can sustain it without over dependence on natural resources but viable commodity resource collection. Imagine a population of 180m in Nigeria and a tax regime of 16% is implied on all commodities, that would be the turning point for Nigerian economy.

nwoke37:
Wait, so u believe there's hardly a formal private sector in Nigeria? I believe around 60 percent of Nigeria's economy is informal... And Nigeria's economy is much bigger than Kenya's... So there's a substantial Nigerian formal sector to compete with Kenya and sometimes South Africa.. And again there are several formal companies(including foreign companies) in Nigeria that don't pay tax...

Nigeria just has to get serious about tax and it could easily have a budget in excess of $100 billion

grandstar:
You're personalising this issue.

Nigeria does not need huge foriegn aid to combat poverty.

Nigeria barely collects 5% of GDP as tax. This is one of the poorest rates in the word.

If the Federal government could increase taz receipts by an extra 3% of GDP, it will have enough funds to carry out a lot of work.

Simply increasing VAT participation rates from 25 to 50% will increase government revenue by at least 0.5%. Ending wasteful fuel subsidies will free at least a trillion naira (about $3billion yearly)

Ending protectionist policies (There's a ban on importation of second cloths dating back to the 1970's) an d taxing it lightly will probably earn the government about $100m yearly.

There's so many avenues for government to raise cash.

Most importantly, the quality of spending needs to improve greatly and lending rates need to crash to single digits.

Were lending rates to crash to single digits, the economy will boom

grandstar:
I have nothing wrong with Kenya if it was richer than Nigeria. It costs me nothing. Truth is Nigeria's per capita income is hihjer.

Nigeria's agric sector is 20% of GDP and not 40%

Also, as earlier said, the farmers are subsistence farmers and consume a lot of whatb they produce.

Also, large amounts of food is produced not because of high productivity like you have in Brazil but rather due to the large number of subsistence farmers. This food is mostly consumed locally but large amounts are exported to neighbouring countries due to the weak state of the Naira vs the CFA which always maintains its value due to the fact that it is tied like a rock to the Euro by France at 500CFA to a Euro.

As earlier said, Nigeria's prime advantage is because of the oil sector.

If Tanzania had oil despite it was ran aground by Nyerere, it would be richer than Kenya.

Look at Angola or even Congo Brazzaville? They have benefited from liquid gold.

All Russia really has is it's massive oil production and look what is has done for the country? You keep discounting the role oil has been in the Nigerian economy and therefore keep getting it wrong

Daejoyoung:
Agriculture in Nigeria is largely non commercial.

Daejoyoung:
Who cares about a so called Yemi Kale? Yes the Nigerian GDP was 550 Billion dollars after rebasing and there have been a recession and currency devaluation putting it around 300 Billion dollars, so l don't know where you get your 200Billion dollars from?
Stop viewing Nigeria through the lens of Kenya, Nigeria cannot be compared to Kenya whether in Agriculture or exports, this is expected with the land we have for agriculture, the huge population of subsistence farmers, and of course the oil sector. Nigeria is far richer and bigger than Kenya or anything Kenya can bring forward. The Strength of Kenya is that she seems to be better managed, but again she is highly corrupt and in huge debt. Exporting tea and flowers doesn't do much for an economy, especially a small one of just about 50-70 Billion dollars.
Your GDP figures also do not align with reality, it should be about 50-60 Billion dollars. The Nigerian data is even more trustworthy internationally than that of Kenya. So yes our Agriculture in 2014 was at it's peak and about 80-100 Billion dollars, now it is about 60 Billion dollars and has problems with Herdsmen Crises.
Check well, agriculture grew rapidly under the then minister Adesina between 2012 and 2014, he is now the head of the Afdb and doing well, so yes our Agriculture was on the verge of competing with that of Brazil at the time.

Daejoyoung:
Nigerian Agricultural Sector has always been about 18-20%( together with the service sector) of Nigerian GDP, if for the sake of arguement, Nigerian GDP is 320 Billion dollars( using a 360 naira to 1 dollar rate) then the agricultural sector is just about 60 Billion dollars, so where do you get your 200 bn farm sector from? Even agriculture has been contributing less to the Nigerian GDP in the past two years compared to 2014 ,probably due to an increase in Herdsmen Crises (which would also be a thing of the past soon enough ).
lf you look at the new stats of the Nigerian GDP, you'll see that oil and Agriculture have been going down by each quarter, the oil sector for instance had a large negative growth and other sectors grew meagerly, but Nigeria recorded a 1.5% growth in this second quarter. This is very small, but it was largely driven by the non oil sector, the oil and gas sector was down, and other sectors like Transportation,Construction, Services and Broadcasting Sectors led the growth. Non oil sector up by 2.05%, strongest since 2015.

Obviously this is over-cooked fufu that Yemi Kale and you are trying to pass as GDP .

obaaderemi:
I don't know where he gets his figure of 40% from. Agriculture contributes about 20%to Nigeria's GDP. Meanwhile in Kenya, agriculture is recorded to contribute 36% of their inflated GDP of $75bn.That's more like $25bn.By contrast, Argentina, a big economy with advanced agricultural sectors makes just $32 bn or thereabout from agriculture. Something does not add up there.How can Kenya, a country that can't grow enough crops to feed its people make something so close to Argentina in terms of dollar value?

Obi1kenobi:
Yes, we might be a special kind of stupid. But believe it or not, coming across sudden oil wealth often makes countries stupid. The resource curse is real. Nigeria would have been a far better country than we are now if we never experienced the "oil boom". We were a successful agrarian economy where each region catered to itself. You might be like us now had you experienced the same oil boom.

kikuyu1:
I told you serious people say he has mental problems. I believe them! The truth will always out.