₦airaland Forum

You need to learn from Kenya.
Kenya oil industry runs an open tender system - gov basically issues the import tender to one of fuel downstream company.
That single company is given say 250M dollars tender to import fuel for the entire month - months in advance.
The fuel once it arrived in Mombasa port is kept by Kenya Gov pipeline.
And is released to different oil companies.
You cannot have NIgeria kind of mess where everyone imports or fail to import on time.
Kenya people dont even know what fuel shortage is....maybe one petrol station lacks fuel....for few hours...but entire town or city.
It's never happened before...people dont even know that fuel will ever run out of petrol stations.
Such pics we see in Nigeria are crazy.
https://kepsa.or.ke/why-open-tender-system-is-the-best-model-for-petroleum-sector-in-kenya/

Kenya Oil Open Tender System (OTS)

Kenya imports refined petroleum products through the OTS. The importation of petroleum products through the OTS allows Oil Marketing Companies(OMCs) to access petroleum products at the same price and therefore ensure competition in the petroleum market. He noted the OTS is run through monthly tenders, it entails sourcing of petroleum predominantly from the spot market whereby petroleum is sourced from the open market without any prior contracts. PS Kamau added that the industry recognizes that OTS is an effective supply system that creates a competitive and transparent means of availing the product to Kenyans, through the economics of scale. He concluded by giving the various formula they use to calculate the final pump price of petroleum products

PROVERBZ:
some times u need to ignore that fool. The issue has been resolved after other ships containing petrol reached our shores. It's not that there was scarcityz the one which was bought got contaminated and had to be removed from circulation.

Nigeria has crude, Nigeria does not refine crude in the quantity that would be enough for now. So like every other country we import it even tho that would change by 4quater of this year.

The most widely spoken languages of Africa:
Kiswahili (100 million)
Yoruba (20 million)
Igbo (21 million)
Fula (13 million) all belong to the Niger-Congo family.

AU accepted and signed for Kiswahili as an official language.

PROVERBZ:
I really don't understand u. U claim appolonia is the fastes developing. Post pictures of the developments or at least name companies that have laid roots at appolonia. U keep on posting renders as if the other projects don't have them also.

Appolonia is by same company with Tatu n Nigeria one in Lagos... Appolonia is dead on arrival.. only cheap housing with iron tin roofing have been completed

jl115:
English is already the lingua franca in most African countries(including Kenya) .... Why do we need Swahili?

Because English is a colonial unafrican nose language.Kiswahili is Africa n natural tonal language that is already spoken by most African..Bantu language that can easily be taught from Nigeria to South Africa.The few non Bantu speakers in Africa will also easily learn it..Arabs in the north will find many Arabic loan words.. leaving the Boers and their Afrikaan language...as last adopters..we would care less..you will never be an African bloody colonizer.You cannot enslave n colonize us then demand we speak your language between ourselves.We should speak Swahili locally and English-French internationally

10B dollars that look like 100m

vankelvin:
These are the few pics I got from my search about the project..

Long overdue.. kiswahili adopted as one of the AU official languages.. Africa need to agree to use Swahili as the lingua franca.. Southern,Central and East Africa.. already huge acceptances.. considering lots of Arabic p
Loan words should not be problem in northern Africa...so next is for west Africa to adopt it.

Just40:
The 10 billion dollars African Business Hub city project in Accra which began last year already has more project construction than Konza in Kenya and all the other scams.



https://www.youtube.com/watch?v=Uqu06XO4-4c

mad cow 10 billion is a lot of money..try 100m dollar

You can bet it's gotten even more hellish

vankelvin:
2017 Clown

The WORST countries in Africa by maternal mortality ratio (World Bank modeled estimate per 100,000 live births 2017):

South Sudan 1,150
Chad 1,140
Sierra Leone 1,120
Nigeria 917
Central African Republic & Somalia both 829

ABSOLUTE HELL.

LOL I am not suprised. When you have central bank dishing out money and state inflating figures; that is what happens.

SUFFERInSMILIIN:
Listen to me you are a total illiterate and you cannot calculate Nigeria produce 1 million bags of rice this one million bags of rice is not even enough for the Nigerian people for one week. 1 million bag of rice is 50 million kg. A bag of rice is about 50 US dollar which is about 50 US dollar. 1 US Dollar package. Here we could only produce 50 million u.s. dollar of rice. 50 million kgs of rice divided by the population. The rights cannot Feed Us for one week. I love it when illiterate make noise. Ghana export 300 million u.s. dollar of pineapples compared to 50 million u.s. dollar of rice

I am sure if I dig deeper into it - it probably a scheme to eat Central Bank money - rice anchor program. Where is the electricity to process the rice

68816419:
@RVP: Here is the 11th mill Rice been built across Nigeria in spate of 6 years, Mind u, the 3rd largest rice Mill in the world located in Lagos hasn't even begin productions . Buhari will commission one the largest rice mill in Nigeria this year in Katsina to produce 2.8 million bags of 50kg rice annually. Over 10,000 farmers will be engaged to supply rice paddy from Katsina and neighbouring communities outside the state.

In Kenya we have many formal agricultural institutions with very extensive agricultural extension services.
Gov knows how much is planted formally - and do estimate the informal sector - and validate it against pseudo-data.

dreamxhaser:
Do will do that by making their research like the way a Kenyan like you claim to have done.

But the only difference is theirs is carried out by professionals not some individuals with quack knowledge of economics living somewhere in Nairobi

GDP in it's simplest form is production and prices.
It's upon Nigeria gov to collect or estimate production of say rice.
And their prices.
Now tell me how would you go about estimating total rice production in Nigeria?
Maybe ask each state for their rice production?
Maybe ask the rice millers for how much rice paddies they received from farms
Maybe you get satellite imagery of the farms and estimate their yields?
Maybe do random survey of farms and market places?
Maybe just do wild guess like Nigeira

Cooking GDP is not a new thing - USSR/China/ communist states use to do this - while it was obvious the rosy figures were not reflecting on the ground - as people were dying from hunger.

dreamxhaser:
How can they offer technical assistance without doing a research of what's on ground themselves?

If you claim to produce 10 million tonnes of Yam selling at 1000 naira - how will IMF or WB dispute that?

dreamxhaser:
Yes but easy maths are easy to debunk when the solution used to derive an answer isn't right because it is an easy problem after all.

So do you think World Bank and other legit bodies haven't done their homework on a very easy maths like GDP?

Do you know better than than the hundreds of economics and math professionals working there?

IMF/WB just offer technical assistance - but doesn't supervise what you collect or how you collect. WB for example funded me to go to Rwanda and help them design their household economic survey forms - my colleague was in west africa helping wb roll out microdata - wb tool - otherwise it your own National Stats Office in Abuja that decide how estimate your own economy. I believe their estimation is overcooked.

dreamxhaser:
You have (if true), but you no longer as more competent people than you do

GDP is easiest of maths out there. Done by anyone who can count and multiply. It simply getting production figures of all economic activities times the prevailing market price. VERY EASY

dreamxhaser:
Sorry I ain't trying anything with you.

You know why? Well, it's because you don't know better than the Phd holders from around the world working at IMF and World Bank.

But I can change my mind on the condition that you disapprove any world statistics in favour of your country both economic and infrastructure wise.

I have worked for World Bank.

dreamxhaser:
No little Indian

IMF and the world bank will surely do their homework to debunk countries running on fake states.

So do you know better than those Organisations that approved Nigerian GDP to be legit?

Yes or No

IMF or WB doesnt have anything to do with GDP calculation. That is unilateral activity by Nigeria Stats Office. If you were to become broke like Ghana - then they will come and probably ask you to redo it. But look like nobody is willing to lend to Nigeria - so it very unluckly Nigeria will come to IMF class of hard knocks soon

dreamxhaser:
Rigged GDP huh?

A GDP known bodies like IMF and world bank approves?

Now, let me ask you, do you know better than big bodies like World Bank and IMF?

Yes or No?

Taxes are short but the insults are long.
Nigeria is not unique - it should trend at least with other poor African countries like Burundi or Somali or South Sudan.
At least do 10 percent tax to gdp.
But six percent...it huge outlier.
Meaning GDP is over-estimated.

dreamxhaser:
Stop saying nonsense; major bodies know that Nigerian GDP is undervalued you fool.

Regarding the banking sector you are trying to hide behind, only about 40% of Nigerians use banks. Must of my tribesmen in the north don't. In fact I know of a whole LGA that doesn't have a bank.

Now imagine If at least 70% of our population should be active in banking

It's not a desire to trade.
It's a desire to live or perish.
This true in almost every africa or poor country.
People have to EKE A LIVING.
Informal sector is huge -but it get measured - to large extent -
Maybe the food you grow and consume in your farm is hard to measure but pretty much everything else you have to buy with money.

GeneralDae:
But our informal sector is bigger than most African countries because of our population and desire to trade, and even those who are working formally with good pay may do trading by the side. So it's like comparing apples with oranges.

I have done my homework for years. Your agriculture data is guesswork from Abuja's Stats office.

GeneralDae:
Go do your homework bro, in Agriculture, no African country comes close to Nigeria.
We are now even the largest producers of rice in Africa and 14th in the world. The question of Benin republic smuggling rice into Nigeria is now totally becoming a thing of the past and all we are working on now is reducing the price of rice. These are the top 4 nations in Africa in terms of Agricultural sectors:

Nigeria
Egypt
Ethiopia
South Africa

In FDI we are also top there behind Egypt and in PPP (not GDP nominal) we are second behind Egypt as well. So I believe the Data is accurate or slightly under reported.

GeneralDae:
Nigeria's GDP is actually underreported because 50% of people employed are in the informal sector (services) which are the small scale medium enterprises. This is why tax to GDP ratio is low and Government is working on that and even the world bank acknowledges that. This is why you'll see people doing a formal job that pays say 50,000 naira monthly but they live in a house where they pay 500,000 naira yearly or their monthly expenses are way more than 50,000 naira because they run other informal sectors that are not taxed.

For example, 7 years ago when I was teaching in a High school that pays 15000 naira to 20,000 naira monthly, I knew none of us who fully depended on our salaries (which wasn't even taxed). Almost everyone had fish ponds, or was in snail business, poultry business, or stuff like that which they did by the side. The ones who where not involved in such big businesses either had shops in their homes or did extra home lessons, so none of us then lived a life of 15000 naira monthly.

It is estimated that there are about 40 million small scale medium enterprises which Government should make formal and if you bring in our big Telecommunications market where over a 100 million people use a cell phone, we are more than what you have there or just about accurate. Kenya doesn't even come close.

Common story in every developing country where people have to eke a living.. hustling informally is captured in formal or pseudo data. Nigeria economy is not just over estimated..it's grossly overstimated starting with agriculture

Tax to GDP - the overcooked Nigeria GDP stick out like a sore thumb

World Top Lenders by Brand Value
https://brandfinance.com/wp-content/uploads/2022/02/Picture3-1.jpg

Among the 20 African banks from five countries on the list, Equity and KCB were ranked ninth and 11th respectively.

South Africa dominates with seven lenders —including the top six— led by Standard Bank which has a brand value of $1.583 billion (Sh179.8 billion).

Nigeria has five lenders on the list, but each ranks lower than Equity and only one is ahead of KCB. Egypt and Morocco each have three lenders on the list.

Globally, Chinese and US lenders dominate the brand ranking, with the Asian economy producing the top four led by ICBC with a brand value of $75.1 billion (Sh8.53 trillion). The US accounts for the next five lenders, with Bank of America its top entry at $36.7 billion (Sh4.2 trillion) in brand value.

When you factor per capita (simple fact that Kenya is at 50m -nigeria 200m) - you're nowhere. Let start from banking - Kenya total banking assets is now close to 55B - Nigeria 110B. If your GDP was not fake - you wont have 20 percent total bank assets to gdp - while Kenya is close to 50 percent.

Name anything - Nigeria at best is twice as big - despite population being four times bigger and country being twice as large- so in reality you're half as rich as kenya or Kenya is twice more developed.

GeneralDae:
Are you really asking this? Banking, ICT, Agriculture, Services, Military, Education, manufacturing, Entertainment industry, almost everything man.

Do you honestly see any Nigeria city getting near here in your lifetime I dont

https://www.youtube.com/watch?v=W3NIgWNh1Vs


https://www.youtube.com/watch?v=TP_-IuyK9SE

obaaderemi:
Is this why 8 million Nairobi residents live in slums?

He cant understand because he come from Ibandan - which is just a glorified slum. Slums in west africa are integrated - rich man neighbours is a poor guy - so works for them. So they don't understand how slums works in countries that strictly enforce building codes and zoning. In kenya or South Africa - slums provide cheap labor for the rich, the industrial area and the business districts. Daily commute is big issue for them than living in a shack. They leave their rural homes for tiny shacks so they can find a job near their place of residence.

NTSA:
Slums tend to organically develop near industrial areas or near high income areas for a reason...that's the point you can't understand.

Just40:
on whose land ?

Kenya land is owned by individuals..not kings and their surrogates like west Africa.Such weak land rights is responsible for your under investment.

Kenya a title deed makes you the absolute and conclusive owner of land.

Kenya has about 12 million households - gov has issued now over 11 million title deeds. This current gov did very well issuing 5 million title deeds.

" 5.1 million Title Deeds issued to Kenyans under the National Government’s National Titling Programme(Jubilee Gov't), compared to 6 million Title Deeds that had been issued within 50 years since Kenya’s independence to 2013."

Best example of a brain drain...brain surgeon from ghana treating brain tumours of Americans...meanwhile Ghanians are dying hopelessly.

Just40:
Dr. Nduom a Ghanaian Neurosurgical Oncologist, scientist, and patient advocate. Who cut out brain and spine tumors and try to cure them with the immune system (gene therapy and gene editing) has been tapped the Joe Biden to lead the Moonshot project to reduce cancer death ..

Top notch practitioner

We are doing that. Now tell me when are you demolishing your entire city that looks like a slum and building a proper city starting with a modern sewage system? You cannot call slumization - urbanization. You have created a huge mess that will be impossible to solve except by demolishing it.

Just40:
No one should be a degrading slum dweller .... Create more opportunities for your people so they can rise above slum living and your urbanization rate will increase when you invest in their communities

Housing is small part of living in urban area. Transport to and from work is even more important. All kenya slums sit near industrial area or business district or rich estates. They work as factory workers, watchmen, maids, drivers and such jobs that earn you minimum salary - in kenya that is 110USD month. Most people in Nairobi even those living in slums have bought plots. But It not practical to live 50kms away from city - commute daily.

This is why Ghana is going NOWHERE without apartments and skyscrappers.

It's like the slum dog from south africa - white dude made sure they live 30kms from Joburg - now how do you commute daily from Soweto to Joburg

Just40:
people live in slums because they can't afford anything else ....

I don't have time for your long nonsense writing

You're ignorant.
People live in slums because they do not want to commute for long time from their workplaces.
If you live 30kms away - it going to cost at least 2 dollars per day - for transport - that is already 60 dollars a month for one person
If you're 4 people in that houses - that is 240 dollars a month.
It's why for poor people they prefer living close to business districts or mostly industrial area or upper class residence.
Majority walk to and from work - they cannot afford to use bus - with daily earning of 5 dollars.

As for plots - and people building their house - GHANA GOT NOTHING.

Nairobi metro is former white owned ranches running into thousands of acres.

Endless expanse of land - that have been cut and sold into plots.

Almost everyone in Nairobi - eventually buys a plot.

Two things you will see in Kenya - MPESA sign for mobile money - and a PLOT FOR SALE advert.

There is a plot for any price - depending on the distance - some for as low as 500 dollars - if they are 50-60kms from Nairobi

Like these ones..

https://www.youtube.com/watch?v=LEypdlGI4qU

Just40:
again you've not gotten it ..

You don't have to be dense all the time..... 8 million Nairobians live in slums... If they were getting out of slums as you claim, more people will make it to the other side.

Kenyans can't even afford lands to buy yet you are here claiming land buying