TayserMahiri:


That was excellent, until you reached at "It's not the Nos of banks but how much are in it's vaults". Kenya has 36.4 % of its money in its vaults, while Nigeria only has 17.9 %. Don't tell me this is why you put the thing as a link? Apart from the absolute terms, which we agree Nigeria has its oil and population going for it, in actual stocks relative to what the economy makes, kenya has double percentage-wise. That actually tells you there is something really wrong with Nigeria, because where is the rest of the money? There aren't many, if any, mega projects we can say the money is going to. Which tells you that the GDP figures are very suspect. Could be the reason you guys are devaluing the naira that much? Because the naira is being forced to do something.

@TayserMahiri
GDP
Nigeria: 570B USD (2014), where bank deposits is 92.5B USD i.e 17.9% of Nigeria's GDP
Kenya: 61B USD (2014), where bank deposits are 22.2B USD i.e 36.4% of Kenya's GDP

Nigeria's depositors funds is greater than the GDP of Kenya. 1.5 times more

That actually tells you there is something really wrong with Nigeria, because where is the rest of the money?

Were talking about GDP here Gross Domestic Product (GDP) is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly).

There aren't many, if any, mega projects we can say the money is going to.

https://www.thisdaylive.com/index.php/2017/03/09/1-2bn-debt-three-nigerian-banks-move-to-take-over-etisalat/
$1.2bn Debt: Three Nigerian Banks Move to Take over Etisalat

Could be the reason you guys are devaluing the naira that much?

Naira has not been devalued. .

I wont talk to you again. Your not on my level intellectually !

The thing dey spoil motor... figured it out since secondary and university days... Your motor go dey get small small foolish problems!

Olasco93:

Akoko Edo LGA to be precise... It shares boundry with ONDO and KOGI state, and it's dominated by yoruba speaking settlers since time immemorial.

You're correct. Does not make them less Edo... just dont share the same dialect with other tribes in Edo Land, who can actually understand each other to some extent.

TayserMahiri:


Please correct me where am wrong.

I notice you are quite good in coding. But where are the calculations?

updated @ https://www.nairaland.com/3327789/kenya-ahead-nigeria-all-aspect/317#55366226

TayserMahiri:



Once again I used your favorite WB statistics, if I provided others you would give up on Nigeria.

http://data.worldbank.org/indicator/FB.CBK.BRCH.P5

Here you go
Commercial bank branches (per 100,000 adults)

You are wrong. It's one thing to cite a statistic and another to understand it and apply it with the least bias possible.

@TayserMahiri Please follow these calculations for future reference

Total population Nigeria: 182,201,962
Total population Kenya: 46,050,302

Total Nos of banks(thousands) Nigeria: 5.5
Total Nos of banks(thousands) Kenya: 5.7

Total nos of banks is calculated as follows : (number of institutions + number of branches)*100,000/adult population

Now for reality, not statistical misappropriations.

Nigeria: 182,201,962/100,000 = 1822 i.e 1822 groups of 100,000 Nigerian's
Kenya: 46,050,302/100,000 = 460 i.e 460 groups of 100,000 Kenyan's

Total Number of banks:
Nigeria = 22
Kenya = 42 (3 Nigerian)

Bank deposit as % of GDP
Nigeria = 17.9(2014)
Kenya = 36.4 (2014)

GDP
Nigeria: 570B USD (2014), where bank deposits is 92.5B USD i.e 17.9% of Nigeria's GDP
Kenya: 61B USD (2014), where bank deposits are 22.2B USD i.e 36.4% of Kenya's GDP

GDP per capita
Nigeria: 1,098 USD
Kenya: 658.7 USD

It's not the Nos of banks but how much are in it's vaults, how much profit it can generate, thereby returning taxes, how much it can borrow out to investors and finance and how much flows through it's books, thereby increasing service fees.

Kenya has more bank branches but its banking halls are empty , Nigeria is vice versa. Increasing the nos of branches only increases cost of operation and also increase cost of business to customers as they have to bear the cost.