₦airaland Forum

So it just 20% foreign aid Population wise it estimation; Rwand should 12M; Lagos depending on who count; anything.
Point is Lagos receives lots of Oil money from federal gov.
So stop the dicing
And realize Kagame running half of Lagos is a hero...managing large land...with army and embassies with 3billion dollars.
And stop arguing with facts.
You can't win.
They are stubborn

obaaderemi:
Can you see how foolish you are? Rwanda has 14m and a budget of $4b, 20% of which is foreign aid. Is that the kind of country to be taken seriously? Anyway, what did I expect from a little Indian?

https://bti-project.org/en/reports/country-report/RWA


Meanwhile, Lagos is a state in Nigeria with a lot of federal government investment apart from its own budget! Out of Nigeria's federal budget, a sizeable chunk goes to Lagos. So Lagos doing an extra $4bn on its own is something.

Wo, go and face the Ghanaian flogging your ass and leave Lagos matter alone.

I love you mum - and i could be your father or his age mate - I want the best for her - nigeria gov to move there - and help her. Her lifetime investment should not be completely written off. You're already a write off in Lagos working for the useless governor to lie to suffering and smilling Nigeirans.

samorobo:
Lol you must be deeply pained,for you to have involved my mum unprovoked. I must have really struck your nerve within your own reality. It’s so delightful to watch man.

Anyway I don’t live in anambra and I ain’t affected by no flood. Say something else pained soul.


18m Kenyans are starving to death,do something about it abd stop disgracing africa with your dirty begging bowl.

We have leg room - we are in IMF programme - and we are doing well - nobody is expecting kenya to collapse - gov is thinking of doing great stuff - ambitious stuff - not ghana crisis

Keep talking - by Dec - you'll be offline.

Just40:
unfortunately the fundamentals don't look great on your finances hence the default and not even China wants to loan you money at the moment.

Your country has no room to pay the debt it currently holds because wage bill and debt servicing is already 125% of revenue. And unlike Ghana that has raining day funds, you guys even cutting down on expenditure will still not be enough.

Lagos is 20 million country - twice bigger than Rwanda.
What is 4 billion - when you can only do 70 percent - 3 billion. That is what 10M Rwanda does. And you deride kagame. And he isnt 100% urban almost like Lagos.
Nigeria states are reeling in debt because of ambitious and unrealistic budgetting.
Zero budgetting require very serious discipline - something alien in your country.
What point in issueing tenders and contracts - then revenue come - and fall short.
Pending bills rise - you kill people who supply you state govs- and their dreams.
The economy suffers - nobody trust trading with gov - and everything become a Nigeria zoo joke

Solution - gov should never get it more than 5% wrong - 23% wrong is criminally wrong- guesswork.

How do you estimate you will collect 4 billion dollars - then collect 3 billion The 1 billion budgeted expenditure will come from where and who will pay?

Large pending bills, unpaid salaries lasting months, unpaid pension lasting years. Gov with zero credibility

Dead economy.

obaaderemi:
Worry about Kenya. Lagos budget Last year was even bigger than this. So what's more ambitious about this?
There may be a deficit as expected but that can be tackled with the issuance of bonds, loans, FG allocation, more tax collection, etc.

If Kenya is just moving towards zero based budgeting, it is a confirmation of what I said earlier that Nigeria leads Kenya follows. The method was tried and discarded in Nigeria. Bushman from a bush country.

I'd love to see you mother canoe in anambra state as she tries to pick her floating cooking pans. You have already lost 600 people. Focus on flooding in nigeria before you see drought in horn africa...too much water is as bad as lack of water.

samorobo:
This is were we get the 18m from.
For forty years you’ve folded your arms and done absolutely nothing about it. What happened to advanced technology,irrigation,dams and the likes. You have no excuse,you are a failure.
Your govt failed you and that shouldn’t be excused. Say something else.

https://www.youtube.com/watch?v=hugq01VEaoA

Focus on Ghana
Kenya we are very okay. One thing we have never lacked - BRAINS - ask Tanzanian how many times they close their borders for fear of kenya brains.
FUNDAMENTALS ARE AS USUAL GREAT - underlying inflation 5%, base or policy interest rate 8%, headline inflation 9%, currency deprecation 8%,

Our little problems ended when we elected Ruto

Ruto's Chief economist advisor says

https://twitter.com/DavidNdii/status/1585663898371383299
Zero chance. Eurobond Markets are closed but banks are open . We are on course to raise this years $900m external commercial financing target at below 8% and there is no shortage of appetite for more.

Just40:
Eurobond is not responsible for Ghana liquidity problems.

Kenya debt servicing ratio is 70% of revenue and Ghana will be at 55% by year end 2023.
Kenya wage bill already takes 55% of revenue.
The country is not allowed to take on anymore debt due to IMF sanctions and creditors fear of your inability to repay.
Your sorry country does not have any sovereign wealth fund to fall unto.

So you're left hanging

Do you have degree in economics and teach in John Hopkins if you dont; madcow; only Nana take you seriously.

I rather listen to :
Steve Hanke
@steve_hanke
Professor of Applied Economics
@JohnsHopkins
| Senior Fellow
@IndependentInst
|
@NRO
| FX & Commodity Trader | Reagan White House | Views are my own

Just40:
Ghana inflation is 37% which is mostly driven by transportation, fuel and utilities.
With all of that, Ghana manage to have lower food prices in various markets than Kenya... So while A Ghanaian with a higher standard of living is paying less for food, Kenyans with lower standard of living have to spend 1.5 times on food than a Ghanaian will.

These figures I'm comparing are from the retail prices of basic commodities in both countries. Those are the realities on the ground that ordinary Kenyans face.

This explains why a lot of Kenyans go hungry daily

Usual excuses. Last few months it was about getting mobile money tax - came and went. The problem is whatever you do - Eurobond is sinking you. I think IMF is delaying this because soverign default is inevitable and required. They have been playing games for a year now.

Ghana eurobond are now at 41 percent yield rate

Yield Ghana, Republic of 7,75% 21/29
Yield in % (last price) 41.0088
Yield in % (ask) 39.3577
Yield in % (bid) 41.0088
Flat notation n.a.
Accrued interest in % 0.4521

Just40:
Ghana is in a better position than Kenya.

At least we haven't defaulted on any of our debt and neither have we restructured any of them yet... That shows we have enough room to avoid the Kenya situation.

While Mahama is recommending cutting expenditure on key govt policies, the govt will prefer using Sinking Fund inflows for debt servicing. This will be difficult for the govt to have access to because they don't have the numbers in parliament to get it approved.

Kenya food inflation is 9%
That mean if incomes havent risen - people are suffering 9% more.
Ghana is 120%
These figures are from experts - not from you googling around and trying to compare.

Just40:
Yet hyperinflation has dealth a bitter blow to Kenyans than Ghanaians effectively driving more Kenyans into poverty than last year.

Why are food prices more expensive in Kenya than in Ghana?

Do the 45 million poor Kenyans all live in turkana? Or the 18 million starving ones all live in turkana?
Are turkana people not Kenyans?

You've continuously had foolish leaders since independence who have worked hard to make sure Kenyans are poor, instead of giving your issues, you're busy making excuses yearly
Why are Soo many Kenyans starving in this 21st century?

Stupidity as always. Countries including kenya are moving towards ZERO based budgetting - and here is Nigeria with as usual ambitious budget that will never be met.

Last year - Lagos achieved 77 percent of revenues- but now has set even more audacious target -

“Looking at the total Internally Generated Revenue, we have N346bn compared to N451bn, achieving 77 per cent performance; total budget out of an expectation of N880bn, we have spent about N675bn, achieving 77 per cent performance.

obaaderemi:
Lagos is on steroids.
But it can do better....

This is a budget of $4bn(official rate)

Your pedestrian calculation won't help Ghana 120 percent inflation.
You dont compare countries cost of living that way.
Focus on NANA the Big Fool who has sunk your economy
100% plus dollar depreciation.
1 dollar - 14 cedis - The world worst currency tracked by Bloomerg
Shops closed last week
Now they have removed prizes from supermarket;
Meaning hyperinflation setting in.

You indeed can only compare yourself to someone living in semi arid battling drought.

Just40:
even with Ghana 37% inflation, food prices in Ghana are far lower than in Kenya. Make that make sense

What's wrong with your shit hole?


You can't grow much in Ghana without irrigation so your argument does not even hold water.


Nana Addo is far better than your current and past presidents combined. He will never run his economy down for this number of Ghanaians to start starving

Focus Ghana 120% inflation.
Where did you get this 18 million kenyans.
18 million people across horn of Africa - that mean Kenya, Somalia, Ethiopia, etc
Are facing a serious drought.
There is nothing one can do about such a NATURAL disaster...if rain fails for 5yrs...what will Ghana do? - in first year half the country will run to Nigeria - in the 2nd year - the whole country will empty out

Ghana is facing a human disaster called NANA THE BIG FOOL who sunk Ghana economy.

The people facing worst drought in 40yrs in horn of africa - deserve all the help they can get. Just as well as those getting swept by floods in Nigeria. Or Hurricanes. or Tsunamis. Or Earthquakes. THESE ARE NATURAL DISASTERS THAT SWEEP PEOPLE INVESTMENT completely.

How do you compare yourselves with people facing natural disasters?

otherwise many areas of kenya that are not affected by drought are doing fine.

My folks are exporting 20 percent more tea this year.

Just40:
Accra is expensive for it real estate,hotel, restaurant,clubs and other costs of living but not it food
Kenya is starving because you guys basically grow nothing and food is super expensive.
18 million Kenyans do not live in the desert.

Ghana is the topic.
Accra is always on most expensive cities in the world.
Inflation is killing you.

Do you see Kenya here?

1. Dakar, Senegal: Has a cost of living index score of 50.87.

2. Addis Ababa, Ethiopia: Has a cost of living index score of 50.49

3. Abidjan, Ivory Coast: Has a cost of living index score of 47.06.

4. Harare, Zimbabwe: Has a cost of living index score of 45.69.

5. Johannesburg, South Africa: Has a cost of living index score of 44.87.

6. Pretoria, South Africa: Has a cost of living index score of 42.76.

7. Gaborone, Botswana: Has a cost of living index score of 42.7.

8. Cape Town, South Africa: Has a cost of living index score of 40.98.

9. Durban, South Africa: Has a cost of living index score of 40.33.

10. Marrakech, Morocco: Has a cost of living index score of 39.94.

11. Accra, Ghana: Has a cost of living index score of 38.74.

12. Lagos, Nigeria: Has a cost of living index score of 37.33.

13. Tangier, Morocco: Has a cost of living index score of 36.85.

14. Casablanca, Morocco: Has a cost of living index score of 36.59.

15. Kampala, Uganda: Has a cost of living index score of 35.98.

Folks suffering in kenya are those living in arid areas facing 5yr drought cycle - this year is worst - almost zero rain for a year.

Wild animals are dying in numbers.
https://www.reuters.com/world/africa/drought-is-killing-kenyas-endangered-wildlife-2022-09-27/

Answer your world leading inflation questions without bring in folks in horn of Africa dealing with worse drought in 40yrs - those people deserve all the help they can get - just like those in Nigeria being carried away by floods.

One failed rain season in Ghana saw all of you run to Nigeria

These folks have faced 5yrs of very low rainfall - sometimes it has gone for months - without a single drop.

Just40:
something is just wrong with you... Get you head checked.

Did you even read what I wrote ?

In Kenya, you won't be able to afford rice because the cheapest 5kg will cost you 7 dollars.
You think their citizens are starving for nothing?

Yes he is Nana boy.

POKUASI2:
don't mind the mumu man who's a paid propagandist of ruling party of his country.
I know every part of their industrial area.
I interact with unskilled and skilled workers alike and know that the average driver of big corporations like fan milk, duraplast etc..take home 900 cedis a month with no bonuses.

So he leaves his work to go construction sites?
It's already been done by John Hopkins economic lecturer - it's 120% as we speak
And definitely the income of people have not been increased this year by even 10%.
And this not just food inflation - it seem to be core/underlying inflation - everything is inflated.
In kenya at least it's most food inflation at 9% - underlying core inflation stuck 5% forever amen -

Just40:
Go to construction sites and ask how much labourers are paid... Go and ask gardeners and cleaners

I hire a few, once a while and know how much I am charged.

I frequent industrial areas too and know that most unskilled workers there are earning between 1500 to 2,000 monthly which is paid weekly

Desperately trying to pull a strawman argument. Kenya is not part of your problem. The problem starts with short man called Nana who speaks and sometimes dress like a witch. He has completely failed.

And surely there was only one way out for such empty-headed cross-dresser

Just40:
that expense is less than 10% of what most Ghanaians earn daily so a lot of people are okay though it has eaten into their pocket a bit...

They will rather be in Ghana where they earn between $200 to $400 dollars as peasants and spend less than 10% of it on food than Kenyan peasants who are currently waiting for food aid because of starvation.

I am more CS guy than Stats guy; you need someone who knows ANOVA/MANOVA/Regression/Random numbers; Most of the stats I know I was taught on the job by Oxford dude as we were build lots of data analysis - and that was last in 2012.

Shma2022:
Leave that one. His IQ is below recognition.

I have a question, my guy. I'm stuck somewhere.

*Research project*
*Diagnostic test*

Tell me When to use homoscedasticity? Is it applicable with primary data?

I'm working on research and a certain professor is just disturbing.

A detailed explanation will help.

Now repeat without crying.

samorobo:
Same thing with economy. Whenever he try’s so hard to debunk the obvious just hop abd the net and fetch those links that says Nigeria is the largest economy in Africa,don’t make the mistake of trying to join him in ironing things out for the sake of diplomacy and clarity. Just stone him the fact and leave him hanging.
I mean you are not in the business of arguing economy with him,Atleast not when his economy is worth less than a common $150bn.
He should just know his place and stick to it abeg.

IMF gives Egypt 3B with tough conditions - float your currency.Egypt's pound down 13% to a record low because of a $3b IMF deal with condition to a 'durably flexible rate regime'

IMF chemo & radiotherapy is still better than dying. Ghana prepare yourselves...3B if it comes....will come with very tough conditions...you might as well give IMF your gok to run. Kenya famously did this in 1990s - we simply let IMF appoint their cabinet and do their politically unpalatable stuff.

IMF promtly appointed a white kenyan as head of civil service and secretary to cabinet - and appointed 10 permanent secretaries - and several head of key parastals. . The new team proceeded to retrench almost half the gov employees - in gut wrenching move.

Moi had given up - or IMF thought. Immediately the dream team was done with IMF chemotherapy - he fired them - and blamed them for firing civil servants .Moi was political genius - who had managed to lie to IMF for 5 times in 10 years.

"Towards the tail end of President Daniel Arap Moi’s rule, the Fimbo wielding ruler was deeply isolated by the West.

Bretton Woods institutions turned off loans and grants taps.Moi panicked.

To hoodwink his tormentors that he was a reformist, Moi sacked Phares Kuindwa and replaced him with Richard Leakey.

Leakey came with his own conditions and baggage. He brought in Martin Oduor Otieno, John Munge, and Titus Naikuni.

Other members of the dream team were PSs Professor Migot Adhola, Wilfred Mwangi and Investment Secretary Mwangazi Mwachofi.

This created excitement and a buzz in the then moribund and dysfunctional civil service.

Leakey gave the civil service a shot in the arm and Moi some breathing space."
https://uzalendonews.co.ke/how-moi-deployed-leakey-to-deceive-imf-world-bank/

Steve Hanke
@steve_hanke
In #Ghana, the official inflation rate has surged to a 21-year high of 37.2%/yr. That's WRONG. Today, I accurately measure inflation in Ghana at 113.56%/yr, a rate more than 3x the phony official rate. To rein in inflation, Ghana must install a currency board, NOW!

POKUASI2:
there's history to this.
Ghanaians are naturally greedy and pray for times like these so they can sell their wares anyway they like.
60 percent of the hyperinflation is economic and 40 percent is greed.
This is basically the reason they wanted Nigerians out of the business space.
We know what the realities are no matter how they try cooking the data.
A loaf � of bread is now 18 cedis from from 8 cedis early this year and they say inflation is 37 percent.

30M people - 50M - you receive more AID despite being largest gold producer in africa - and of course oil/bauxite/aluminum/rivers/lakes

Just40:
still not comparable

You shouldn't be this much dependent on aid

You cant stop diarhoea by sealing the anus. The shiet will hit the fan soon. I never trusted their president - talk too much - does nothing.

POKUASI2:
early this year, you could buy 2 cedis rice without meat but now, you need 5 cedis yet they claim inflation is 37.
A ball of banku early this year was 0.50 cedis..
Now it's 2 cedis yet inflation is 37 percent.
One egg early this year was 0.50 cedis.. now is 2.50 cedis yet inflation is 37 percent.
How do you lie to your own citizens going through difficult moments.
Their women can't even buy sanitary napkins anymore cos it's 15 cedis now from 6 cedis early this year.

Unless IMF deal comes; the panic and the profiteering will lead to economic collapse. Ghana badly need IMF bailout.

POKUASI2:
I hate to admit this right here but sadly, it's nothing but the truth.
The new trend now is, they're hoarding household essentials so they'll increase the price – late next month or early December.
Ghana internally has collapsed.

Why would I re-calculate - read the chart. Ghana Total Net reciepts 2.9 Billion dollars. Kenya 4.4B. I know you're looking for moral support from the Baboon from the Big Zoo. I am always ready to have adult sane conservation. Not madness.

Just40:
and when you calculated this, your dumb maths knowledge got you 2.9 billion?

Again, small things like those excite you. Typical of a zoogerian.

obaaderemi:
Big things start from small things. For example, one of those Nigerian boys you mock is the one fucking your president's daughter as we speak. You probably don't know this.

You can be everywhere doing small usual stuff - that is none of business. We are taking impactful stuff....not coming to kenya to buy the 45th smallest bank...then declaring your own kenya.

Or coming 10 guys to rent a small room in a slum scrapper and as typical declaring Nigeria own kenya

obaaderemi:
Paga is there already. Feel free to follow the Nigerians' lead as usual.Just like in DRC.

Obaboon, why would be desperate? I dont know own Kenya or Nigeira or Ghana. These are countries.

obaaderemi:
He's always desperate.

I put the link there. Are you obtuse or what?

Just40:
I like the way you enjoy Inflating numbers just to try and equalize

Ghana
2019- 936 million
2020- 525 million

Where did you get 2.9 billion from ? You don't always have to be desperate

https://public.tableau.com/views/OECDDACAidataglancebyrecipient_new/Recipients?:embed=y&:display_count=yes&:showTabs=y&:toolbar=no?&:showVizHome=no

Ghana 2.9B dollars versus kenya 4.5B dollars - per capita wise - same?

Just40:
I know you like to dispute facts

Is IEA Kenya an intern ?

You don't like to read, if you did, you would have seen the 24%..

Those aid are govt to govt funding and not NGOs funds so they come exclusive of the fundings NGOs sort after considering the fact that Kenya has the largest number of NGOs on the continent

Last year you received 4 billion dollars in direct funding to govt programs

I dont see OECD - I see an intern who wrote 3B dollar of Aid. I'd love to see 24% from OECD. I dont dispute that Kenya as country receives a lot of AID- but Aid that goes into gov budget in kenya is almost 0.001%. The Aid that goes into NGOs - yes that is a lot. The UN by mere presence in Nairobi alone contribute 1B dollars.

Just40:
https://ieakenya.or.ke/blog/foreign-aid-and-the-challenges-in-kenya/

Crazy child
I like the way you don't know much about how broken Kenya is.

Madcow - put the link - and reduce school yard pranks

Just40:
I know things like this surprises you as a Kenyan who is crazy because you usually know nothing about Kenya.

The OECD saids so for Kenya 2022

Ruto is first serious president in Kenya history - and the journey to transform kenya just began.

Amongst the first business will be building of 800 dams & planting 5 billion trees to deal with incessant drought, increasing saving & pensions by almost 5 times, ensuring everyone in kenya has primary health insurances, increase gov revenue by 30% to 30B dollars, reducing borrowing to bare minimum & balancing the budget, turning Kibera slum into Kenya biggest real estate with total of 2 million houses to be built in five years all over kenya, transforming agriculture by investing in input subsidies and allowing GMOs, expanding trade by opening up to EAC & africa free trade area.