Rvp2018's Posts
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East Africa 2018/2019 Budgets 1. #Kenya�� - 3 Trillion (31B usd) 2. #Tanzania�� - 1 Trillion (10B usd) 3. #Uganda�� - Approx.800 Billion (8B usd) 4. #Rwanda��- Approx.281 Billion (2.8B usd) So combined TZ & UG & RW - are 2/3 kenya budget - Nigeria budget should be somewhere around 25B dollars (with federal allocation to 46 states of around 5B (compared to 4B for kenya countes) - with IGR of around 2.5B). Officially I think combined Nigeria budget (states+federal) is less than Kenya. ![]() |
Absolutely. Just30: |
Thanks for the complement. You're also quite a joy to read..I get a sense you studied economics unlike the geek here. I was listening to one Olesegun's former Minister finance or energy responding to Buhari questioning where 12B dollars investment in power had gone to....and you know what guy said....that during their time they had highest ever peak power at ...something like 3,000MWs....and now he said....Nigeria cannot even hit 2,000MW peak available power....and yet installed capacity is 12,000MW. These dangolanders & their leaders default mode is throw more money....add more MWs....so dangoteland is allegedly building maybe another 10,000MW - but then the situation will remain the same - 3,000MW of power in use (GWHs) - against installed capacity of 20,000MW. This can only happen in Nigeria. The problem with Nigeria is either nobody want to fix anything - their country has been broken for such a long time - they got used to it. They got used to black outs (it been decades since they enjoyed 24-7 power), boko-haram (been there for ages!), corruption ( from 1970s!), name anything....it entrenched, stage 4 malignant cancer that has spread all over the system & cannot be TREATED. But they are plenty of witchdoctors, pastors & dangotes in Nigeria - who give them hope! false hope. Nigeria got Oil with Indonesia about the same time - 1970s . They are about the same size/population. Indonesia had Suharto looting more billions of dollars than Nigeria goons. But Indonensia have turned around their country. Jakarta is not comparable at all to Lagos. The closely you'll come to delusional people like Nigerians are Somalis. You talk to say Ethiopeans - very proud people but they know they are country is one hell hole - and they want fix it. Somalis just like Nigerians seem overwhelmed by the kind of mess their country is in - so they engage in grand delusions bordering on madness - both are deeply convinced they cannot untangle the clan (for somalis) or the religious-tribal difference (Nigeria) -- so the rational thing really for them is to flee and invest elsewhere. Once in a while a patriotic somali or nigeria will emigrate back to Lagos or Mogadishu - and try to fix things - only to ran back because the scale of the problem is just HUGE - basically nothing works - not water, not electricity, not security, name it - you're constantly turning your generator on if not evading kidnappers. kikuyu1: |
Nigeria & many africa countries - are obsessed with GRANDIOSE stadiums that probably only filled up once or twice a year - I like what Gov Joho is doing in Mombasa building small stadiums that operate 24hrs - thanks to lighting. Kenya mini-stadiums... Mombasa Mini-stadiums : Uwanja wa Mbuzi (3,000 Capacity) https://images.hivisasa.com/420/LbgzZUBkc6FB_IMG_1519239709547.jpg Bomu Stadium [img]https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcT6lJSpcMu7dhUKecNCPA0C0aUIvOuSwgyZ2MiUBkoY0HKXbrx8bA[/img] Narok Stadium https://www.soka.co.ke/content/photos/narok-main-pavillion-1.jpg Kericho Stadium [img]http://x254.co/wp-content/uploads/2017/02/Kericho-Green-Stadium.jpg[/img] |
Tough luck making that idiot understand that. If kenya enrolls 24 student a year in Yale - Nigeria ought to have about 100! just to match Kenya per Capita! They should be competing with likes of Indonesia & Russia & the likes - Population wise they are 7 or 9th most populous country. Jonraid: |
Less we forget Nigerians are to be pitied not hated.They have really got a bad deal from their political and military class.But they are too blame mostly.rather than face their problems..bad governance..they simply ship out or try to.They like congolese have the natural resources to make poverty history in single generation...but like chinese in the opium era they are too codeined to crawl out |
You're talking about Stanbic PMI - That index is not absolute (but with you poor Nigerian education, you won't know) - yeah big boys like Dangote who build their own power stations - thermal/coal & are connected with Central Bank - are still manufacturing and selling expensive cement to you. The bulk of manufactures who depend on NEPA or whatever to get reliable power & banks to get forex - if we believe SuffernSMilling - are moving in droves outside Nigeria. I personally would do the same. You have worst logistics & your banking is crap - can't even float NAIRA freely. Daejoyoung: |
I got no time to waste. I am learning here how fortunate I am not be a Nigerian or to live in Nigeria. I hope you're also learning that you live in a shit hole. jaycent: |
That makes sense. I mean if it was about re-packaging - corrupt Nigeria already do that - so yes why would you manufacture in Nigeria without 1) 24-7 reliable power - generator bill - wil kill you. 2) Forex that you need to buy machinery or raw materials is so hard to get - you resort to black market & they charge you 500 naira for 1 dollar! I really doubt there is any manufacturing going on in such enviroment. It's cheaper to relocate to Ghana - manufacture goods there - and have it trucked to Nigeria. sufferNsmiling: |
Igbo & related. I was right - there is nothing remarkable you can post here about the related tribes of Igbo. darfay: |
E-commerce in Nigeria & Kenya is really small - Jumia is a like the tallest pigmy - I know Safaricom has masoko - not heard much of it - but we have likes of Kilimall - still total sales Jumia make in Kenya - is less than sales one Mall in Nairobi makes per annum. Carrefour Karen - sells like 20M dollars plus a year - just one location (Ihub) - while Jumia Nigeria is probably struggling to do those kind of sales per annum. https://www.businessdailyafrica.com/corporate/companies/Carrefour-Karen-outlet-hits-Sh1-5bn-in-revenue/4003102-4273076-82vn1yz/index.html darfay: |
Okay tell us more about your great tribe of the South-South. I am all ears. What do you do apart from kidnapping & sabotaging oil pipelines. Ken Sariwa - remember them in those days of Abacha ( which tribe was Abacha - those tribal marks on his face are scarry) darfay: |
Jumia was long sold to Rocket Internet ( a Germany Company). We have our own home-grown e-commerce sites. Daejoyoung: |
You're really trying to sell your insignificant tribe in an international section. darfay: |
Who cares? Maasai are well-know tribe because they are proud majestic people. Nobody cares about you tribe mate. Igbos are well known. Yorubas too. Fulani & Hausa of course. [img]https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRVOocFf6ad1Q36bN-YyRLkYZDU4d8pW2xxHq9plhtU74nV6CGk[/img] darfay: |
I think you still don't get it. What HACO does is not re-packaging. They do not import already made palmer and print haco on it. They have a deal with owner of the brand - they manufacture Palmer - and stick the word Palmer on it. Where exactly does re-packaging come in. Daejoyoung: |
What make you think I am interested in knowing the fine details of NIgeria - one huge uniform zoo. I'll continue to classify you with Igbos...igbo & related. Then yoruba & related. Then hause & related. You are in the related retard. And it works for me - Igbo & related are endowed with oil but bitter because an alliance of yoruba & hausa controls the federal gov of Nigeria (which relies entirely on OIL). Deal with that. Start another Biafra if you want. darfay: |
Our manufacturing is just sophisticated. And you don't have any - outside Nestle & Unilver - whatever you have - is doggy chinese finished goods. It reason you only export one item - oil. We export so many finished manufactured goods. Please try compete with Benin -otherwise we are competing with Egypt & South Africa in East & Southern Africa. Online shopping - the total revenue Jumia make in Nigeria is how much . Trust me in E-COMMERCE we beat Nigerian 10-nil.Please you guys need to be taken back to schools outside Nigeria and taught to critically analyse things. Nowenuse: |
We already did this - use the search function. Nowenuse: |
Kenya FMCG have their own brands and also manufacture brands of leading companies - on contract - they don't go to china - get counterfeit substandard products & re-package it - and claim to manufacture them like most of Nigerian conmen "industrialist" do. Haco Industries is a manufacturer of consumer products. The company has a strong product portfolio of international and local brands, including Societe Bic, (Ballpoint pens, shaving instruments, high profile pens), Alberto-Culver, USA (TCB, Motions, St. Ives), Imperial Dax, USA (Dax Pomade, Lanolin, Kocatah), E.T Browne Inc., USA (Palmers) and Jeyes, UK. Haco industries was bought recently by Tiger Brands of South Africa --- and it's very likely whenever rich Nigerians buy from Shoprite - they are buying made in Kenya goods. The nigerian "middle class" apparently shop in their kiosk buying re-packed sub-standard counter-feit chinese goods. Nowenuse: |
Listen to fellow Nigerian - INNOSON doesn't ASSEMBLE SHIET Let us not be patriotic to the point of foolishness. A discerning mind will surely know that Innoson is a coupling plant and no where near an assembly plant talk less a manufacturing plant. It is the same concept we have with motor bikes. The components are made, packaged and brought to Nigeria for coupling. Simple. It is no where near the VWON and PAN we had in the 80's. However, this does not negate the economic derivatives like employment and technological knowledge that come with this venture. It is also necessary to compare the cost of importing fully built units of these vehicles to the coupled ones so that we dont cheat ourselves. https://www.nairaland.com/1893524/inside-innoson-auto-factory/3 Daejoyoung: |
After pulling "made in Nigeria" re-badged counterfeit chinese car - clearly he is now a remarkable con-man. [quot e author=mtis post=68436206] Innoson Lied: Admits to spreading false information about GTBank and court judgment ![]() Innoson has today admitted that there was no Supreme Court Judgement Against GTBank. After falsely claiming a victory at the Supreme Court of Nigeria, Chairman of Innoson Motors, Dr. Innocent Chukwuma has admitted to completely distorting the directive of the Supreme Court and publicly apologised for spreading fake and malicious news. Innoson had earlier deleted his declaration on social media that the apex court has ordered GTBank to pay him N14bn within 14 days. This was followed by a statement by his spokesman Cornelius Osigwe in which Innoson walked back from his false declaration stating instead that “There have been a lot of misinterpretations on the Press Release published by Innoson Group on the decision of the Supreme Court”. This retraction, judicial analysts believe, was advised by Innoson’s lawyers who fear that contempt of court charges on defaming the Supreme Court may be brought against the embattled businessman. Fake guys all the way https://nairametrics.com/innoson-lied-admits-to-spreading-false-information-about-gtbank-and-court-judgment/[/quote] |
You claim he manufacture 70% of those car - please kindly show me ONE SINGLE PATENT he has filled. Nigeria you know has ZERO patent filled at WTO ![]() And if you don't like hearing from a Kenyan - here are fellow Nigerians on nairaland tearing it apart https://www.nairaland.com/1893524/inside-innoson-auto-factory/3 Kindly learn to manufacture a bolt - before you go for high tech manufacturing - that China is not even there yet. Daejoyoung: |
Sounds complicated.Basically all those regions you describe exist "nowhere" - officially Nigeria is divided into 36 states.. It's more accurate to divide Nigeria first by religion - muslim north & christian south. Then by 3 tribes - Igbo & related (christian - South East -Biafra- Oil), Yoruba & related (mixed -muslims & christian - South West - Lagos), Hausa & related (muslim -north - Abuja-KANO - Boko-haram - fulani cattle herders). Nowenuse: |
This is beyond your paygrade. You won't even know what manufacturing is if it hits your face. Daejoyoung: |
250B - would mean they are 3 times Kenya's GDP - which isn't far off - but in many indicators - I see they are way off - so yes I betting a low of 150B - and high of 250B - that averages around $200B economy. It of course hard to believe that Nigeria economy tops Algeria economy. Their population like their GDP is cooked. I think anything btw 150-200M - or around 175B. So on average I'd wager a 200B dollar economy divided by 175M - about $1,140 per capita - just at the very tip of Least Develop Country - that explain why 60% of them are poor - with more than 80M absolutely poor. kikuyu1: |
Now that we are ready to discuss Automotive Industry in Africa (specifically SUB-SAHARAN) - definitely South Africa - has Africa most advanced car industry - producing I think more than half a million M cars annually - mostly Toyotas & BMWs & VWs. I am not sure btw Kenya & Nigeria (ignore Innoson) who comes second after RSA - my bet is kenya - with production capacity of around 15,000 cars....a far cry from South Africa. Outside sub-sahara - Morocco & Algeria - trail South Africa & produces lots of cars mainly for Europe Market. I am sure desperate Nigerians on leaky drowning boats across the Mediterranean can attest to seeing Moroccoan made cars happily swimming to Europe ![]() |
Facts are stubborn things. You don't need a crowd like this is some political rally. Facts can defend themselves. Innosson & Kantarack (sp) - are shitty pieces of crap - who do not manufacture anything. 1) They import COUNTERFEIT cars from shitty chinese manufacturers - which is illegal in many countries - because those cars are bad copies of popular models of Toyotas or Fords. 2) They re-badge those cars and fraudelent passes them as "Made in Ghana or Nigeria" - another serious illegality activity. 3) They re-export re-badged counterfeit cars to other unsuspecting banana republics of west africa - another serious violation of international trade laws. Now dial back to AFCT in Rwanda - Nigeria refused to sign - and the main reason they said - their experience in ECOWAS has been so bad because of this kind of dishonesty - where West Africans - import finished chinese goods, re-packaged them as Made in Togo or Ghana or Benin - get DUTY FREE market access to Nigeria - and end up unfairly competing with their industries - forcing many of them to close. That kind of nonsense doesn't happen in COMESA or EAC - because the issuance of "Certificate of Origin" & the determination of local content is RIGOROUS. It's not okay to import 1) counterfeit substandard finished goods from Chinese that flout all WTO/IP rules and 2) it not okay to damage the reputation of entire manufacturing industry by promoting such cheats. Now fool - go get a crowd (you have 2M nigerians here including bots) to support you. Daejoyoung: |
now scrapping the bottom of the barrel - my wife also manufacture biscuits at home.Daejoyoung: |
You must be an incorrigble idiot if you believe Innosen can manufacture even a bolt or a nut. I understand the pride & patriotic thing...but please if you want to talk about car manufacturing in Africa - start from South Africa, Morocco,Algeria, Egypt and land in Kenya.....not those idiots re-badging chinese cars and making you the butt of jokes. I mean if you issues that conman the certificate of origin you'd be damaging your country reputation - because other countries will demand to inspect it and it will never trust "Made in Nigeria". Okay what I am thinking...there is NO MADE IN NIGERIA thing anywhere.nwoke39: |
hahaha - baby steps - you mean you didn't have such - kenya have had all that for a very long time. Yes we inherited a very good industrial base from British. You got nothing. I see you even sell rubber but don't make tires.nwoke39: |
When did a conman stop being a conman.If he initially claimed it was 100% local - what make you believe his 70% local. What was incentive for buying locally - with your logistics and without any car industry - what can you source locally. Chinese can sell him those knock off cars completely made for 2,000usd - why would he trouble himself with sourcing 70% of content? Please I know there is very little to be proud off in Nigeria - it one hell-hole of a country - but you'll have to work for it. nwoke39: |
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- the total revenue Jumia make in Nigeria is how much