₦airaland Forum

Just40:
questions that will only yeild you rhetoric

obaaderemi:
You are hurting hence the insults. How much of your budget is aid? Not to talk of borrowing.

obaaderemi:
You are a monkey. You finance your budget with borrowing. We've pointed this out severally.

Wuoche:
I accepted Ruto's Presidency long time ago. But please, don't try to give him credit on someone's else effort. When Uhuru and Safaricom was negotiating Ethiopia's entry, Ruto was more of an opposition than the government. The guy opposed everything Uhuru tried to do just to make himself relevant. There was a point his allies (Mudavadi) said that Uhuru should stop building roads cause people can't eat roads. I'm sure the day that road will be launched you will be here again praising Ruto.

My humble request to you is this. Just wait for Ruto to launch his own projects and start praising him, infact I'll join you all in praising him.

Wuoche:
I accepted Ruto's Presidency long time ago. But please, don't try to give him credit on someone's else effort. When Uhuru and Safaricom was negotiating Ethiopia's entry, Ruto was more of an opposition than the government. The guy opposed everything Uhuru tried to do just to make himself relevant. There was a point his allies (Mudavadi) said that Uhuru should stop building roads cause people can't eat roads. I'm sure the day that road will be launched you will be here again praising Ruto.

My humble request to you is this. Just wait for Ruto to launch his own projects and start praising him, infact I'll join you all in praising him.

Fourpockets:
Exactly, although we import refined products not oil directly.
Immediately we have refineries that can meet demand, we'll ban importation of refined products soonest. That's why I have hope of what dangote refinery would do

obaaderemi:
Your revenue is less than $20bn. Nigeria's own is approaching$40bn.

. Stop lying. Your slum is going nowhere.

Fourpockets:
You could make your points without insults... Moving on

A country like Nigeria needs import restrictions else our currency would free fall a thousand fold. Like why were we importing toothpick? Makes no sense when we have plenty of wood. Even in China, it was restrictions like these that helped their economy in the long run

samorobo:
But now KQ is not making profit and that’s all that matters.

We figured Nigeria air would go the BBC shameful route like KW abd we decided to dissolve it to avoid the Shane but instead went the American way that doesn’t have a national carrier but has numerous profit making private carrier they holds the stitches of their aviation sector . KQ is a mess, bring something else up- we trashed this already.

Fourpockets:
Unrelated, but what do you guys think about what Peter Obi said:



I personally don't like that Idea also it contradicts what he said about consumption to production, if he does this, he could set back the gains Buhari made in agriculture by years. Its not good at all.

GeneralDae:
Some experts were proposing to Lagos Government how to tax market behemoths like Balogun market and computer village just few days ago using technology. I pray the Government comes through with it. Formally taxing computer village in Ikeja properly mehn. Imagine what that that would do for Lagos revenue. Not to talk of Balogun market and the other larger markets across Lagos.
Some of these markets even pay taxes informally to non state actors at the moment.
Kano also have some of the largest textile markets in West Africa and other markets there, then there is Onitsha and Nnewi in Anambra.
They say Anambra has one of the lowest unemployment in Nigeria. I served in Anambra and I tell you this is true. I tell you there are very few private firms there, it's littered with sme's manufacturing all sorts of things, small scale and medium scale. Government in Anambra must find a way to use the BVN, NIN and other forms of technology to bring all of these guys into the data base.

Wuoche:
Why do you guys like giving Ruto credits which are not his? The guy is barely a month since he became the president and with that frame time, he can't negotiate any deal that it's results can be seen within 24 days. Just to be honest with you, right now Ruto is still enjoying the fruits of UHURU.

Shma2022:
Had underrated this guy, Ruto. But as things are, he's a strategist. A performer.


Safaricom has officially penetrated the Ethiopian market. That is a great move!!

https://www.reuters.com/business/media-telecom/kenyas-safaricom-launches-network-ethiopia-first-private-operator-2022-10-06/

tylann:
The problem is not tax collection its expenditure 50% of all tax revenues is lost through corruption

obaaderemi:
Nigeria needs to collect more tax from its non oil sector. It's not about increasing tax but but widening the tax net for more capture.
It's already happening but not fast enough. For example, 2021 non oil revenue is double that of previous year at $10bn. Oil revenue was $20bn. That's a total of$30bn.
It's still almost double what Kenya makes. Kenyas total revenue is $17bn.

Just40:
Those who don't make profit hit bankruptcy.... KQ I'd no different

obaaderemi:
This confirms what we've been saying for long. The Nigerian economy is more diverse than many believe. Because of oil, people usually disregard the contribution of the non- oil sector.

68816419:
How can an aviation industry that hasn't produced any gain or profits since 2012 be named among the finest in Africa? Man, KQ is just a hoax and a way for the politicians to launder cash and drugs . surely, We all know that your major supermarkets have been producing false data to make them appear positive, thus the truth regarding KQ will undoubtedly be revealed shortly.

GeneralDae2:
13 billion dollars is not big at all. I don't blame you because of how small the Kenyan e commerce shopping is. Your man said Kenyan shopping is worth 4 billion dollars, if that is true, then even 13 billion dollars is underperformance for Nigeria. We want to get to 75 billion dollars.

GeneralDae2:
What in the world are you smoking man? . U.S did 811.6 billion dollars as at 2020.

In 2021, total US ecommerce sales reached $959.9 billion, an 18.3 percent year-over-year increase from $811.6 billion in 2020. It's significantly less than the US ecommerce growth rate of 2020, during which total sales increased by 42.4 percent year-over-year from 2019.

https://www.oberlo.com/statistics/us-ecommerce-sales#:~:text=US%20Ecommerce%20Sales%20(2012%E2%80%932022)&text=In%202021%2C%20total%20US%20ecommerce,%2Dover%2Dyear%20from%202019.

GeneralDae2:
76.7 million people who shop online is over 1.5 times Kenyan population. They can also transfer and do e-payments effortlessly due to the advanced fintech payment sector in Nigeria.

GeneralDae2:
The current e-commerce spending in Nigeria is estimated at about $13 billion per annum, and is projected to rise to about $75 billion in revenues per annum by 2025. The market outlook for Nigeria’s e-commerce shows that the number of online shoppers in the country, which was at 76.7 million in 2021, is expected to hit 122.5 million by 2025. The figures from the Nigeria Inter-Bank Settlement System (NIBSS), also shows that Nigeria’s e-payment transactions increased by 85.5 per cent year-on-year to N171.99 trillion in August 2021,” he further stated.

https://www.vanguardngr.com/2022/08/nigeria-to-redress-poor-investment-in-e-commerce-to-meet-75bn-revenue-target-2/#:~:text=Recently%2C%20the%20sector%20has%20grown,revenues%20per%20annum%20by%202025.

You would agree with me that 76.7 million customers is already bigger than the population of Kenya.

obaaderemi:
So how come South African, Egyptian and Nigerian banks are bigger than yours? Since Egypt has 48% and Nigeria has 51%. That means Kenyan accounts are mostly empty.

Wuoche:
Bank yourselves first. An entire 51% of the adult population is are banked yet your are talking about banking.

Wuoche:
Their banking system is very weak.

obaaderemi:
You are not smart. How can Kenya be the trailblazer in banking the unbanked when we showed Kenya the way to DRC?

Wuoche:
Share of population above 15 yrs doing online shopping.

Wuoche:
Only 51% of Nigerian adult population has bank accounts. This is much lesser than 88% of Kenya and 82% of South Africa.

obaaderemi:
The Kikuyu1 guy is a crackhead. Don't mind him. There's nothing Kenya can teach Nigeria about banking. They're actually learning from us. The DRC he is braying about had Nigerian banks before Kenyan banks. The Kenyan banks followed a path beaten by Nigerian banks to DRC.

Out of the 16 banks in DRC three are owned by Nigerian banks. Kenya has only one.