Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,740,543 members, 6,499,430 topics. Date: Tuesday, 21 September 2021 at 05:34 AM

Waspy's Posts

Nairaland Forum / Waspy's Profile / Waspy's Posts

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (of 90 pages)

Pets / Re: Meet My Indoor Rottweiler - Khal Drogo by Waspy(m): 4:12pm On Sep 30, 2020
Opor Opor
Car Talk / Re: FRSC Begins Nationwide Ember Month Campaign by Waspy(m): 10:55am On Aug 31, 2020
Business as usual

1 Like

Car Talk / Re: Who's The Best Rapper In Africa by Waspy(m): 7:02am On Jul 08, 2020

Then MI is somewhere around the top 7
Politics / Re: Jare Adebisi Is Dead by Waspy(m): 4:50pm On Jun 13, 2020
Person die, you still dey drag am. Nigerians
Health / Re: Jigawa Records First Case Of Coronavirus by Waspy(m): 9:10pm On Apr 17, 2020
Lagos is supposedly on lockdown and hundreds are moving in and out every day.
there is a lot of politics and free money in this whole brouhaha
Car Talk / Re: Automatic Or Manual by Waspy(m): 12:49pm On Apr 05, 2020
Want to drive a car..... Manual

Want a car to drive you..... Automatic


Politics / Re: Presidency, Defence Headquarters Under Pressure To Hire Military Contractors by Waspy(m): 5:13pm On Feb 23, 2020
grin grin
Had anyone seen this movie...White House Down

If Yes, then you shld understand how Buhari and his goons are about to milk the Naija cow dry


Health / Re: As A Surgeon, What Is The Most Dangerous Thing You Have Found Inside A Patient? by Waspy(m): 10:24am On Feb 23, 2020
In one of my shifts as a resident a woman once gave birth through CS and after discharge and she was supposed to be healing, her abdominal cavity was swelling up and painful and the area in the abdomen that was stitched was bleeding and pus was coming out. She was rushed in when her hubby felt something was not right and a CT scan was ordered. There in the abdominal cavity were some unusual foreign bodies which in a normal human viscera shouldn't be there. She was put into the theatre for an operation and immediately she was opened up there in the abdominal cavity were two gauze sponges used to soak up the bleeding but retained after the CS with massive antibody-antigen reaction taking place there. It was horrible but thank God she lived she was lucky enough sepsis did not occur
This is quite common. At least I've seen exactly the same issh. The reparation surgery occured in SDA hosp. Ife
Sports / Re: Barcelona And Real Madrid Knocked Out Of Copa del Rey by Waspy(m): 9:24am On Feb 07, 2020
Ronaldo left and the entire La liga went berserk. undecided undecided undecided undecided

1 Like 1 Share

Politics / Re: Community Policing: FG Constables Won’t Get Salary, It’s Voluntary – Police by Waspy(m): 11:35am On Feb 04, 2020
Our senators and HOR members shld be the ones doing voluntary service, not anyone risking his/her own lives
Politics / Re: Junaid Mohammed: Igbo Political Leaders Haven’t Learnt Any Lesson From Civil War by Waspy(m): 11:01am On Jan 27, 2020
I have no blame for these obnoxious people...It is the press and media that keep giving them undeserved attention that I blame.

Sooner than later, this country shall be better off


Politics / Re: FG Plans N97 Per Litre Fuel For Common Man by Waspy(m): 9:38am On Jan 17, 2020
Pls i haven't read the news, is it from Lai muhamed?

No....but it's from his distant relative.

1 Like

Politics / Re: DSS Spent N164.5m Feeding El-zakzaky by Waspy(m): 8:37am On Jan 06, 2020
Money that should have be spent sensibly and judiciously..

Buhari is a wasteful failure. His legislooter colleagues are Waiting for the release of #37B for another wasting spree


Business / Re: Is Nigeria A Truly Wealthy Nation? See What Economic Facts Say by Waspy(m): 11:14pm On Jan 05, 2020
In 2003, Dangote set out to build his first cement plant with a budget of about $480 million. On completion of the project in 2007, he had borrowed an extra $175 million, built a dam, a gas pipeline (92km long) and more than 400 new houses. But guess what? No Nigerian bank was big enough to fund this project. In fact, the capital in more than 90% of the banks in Nigeria that year was just a little over $20 million. He had to look elsewhere.

Simple economic terms
GDP — in straightforward terms, the GDP or Gross Domestic Product is the monetary value of all finished goods and services in a country within a specific period. It is used to estimate the size of an economy and growth rate.
GDP per capita — If all the money Nigeria made in a year was split evenly amongst every single Nigerian, what each person gets is called the GDP per capita.
National Budget — The government gets money from taxes and fees and spends it on things like healthcare, infrastructure, education and general expenditures.

Nigeria’s economy

Poverty level by State in Nigeria (image 1)
Nigeria has the largest economy in Africa with a GDP of $398 billion compared to its closest competitor; South Africa, which has a GDP of $368 billion. However, the real wealth of a nation is calculated by its GDP per capita, and Nigeria ranked 140 out of 186 in GDP per capita global ranking.
Nigeria’s GDP per capita stands at $1,963 compared to South Africa’s $6,100 and Egypt’s $12,000. (Luxembourg ranks the highest in the world with GDP per capita of $144,000).
Nigeria is one of only 8 ‘World Bank red zones’. These are the only countries on the planet where GDP per capita (an indicator of individual share of wealth) has fallen steadily over the past 20 years.
Nigeria’s budget for the health sector in 2018 was $938 million for a population of over 190 million people compared to South Africa’s $17.6 billion for a population of just 56 million people. This means that as an average Nigerian, the government’s health budget for you for a whole year was just $4.5. Don’t forget the UK which set aside over $250 billion for the healthcare of its citizens in the same year (more than 10x Nigeria’s entire 2018 budget). That means each citizen was entitled to health funds of $4,000.

How did others do it?
You see, money is a coward; when money goes somewhere, and there’s trouble, money runs away. But when it goes to a place, and there is peace, it stays there. You don’t see money go to Iraq or Syria or Afghanistan, but you see it go to the UK, Singapore, London, China, etc. If you scare money, it runs away.

China Poverty Decline from 1981–2005 (image 2)
In a single generation, China has had over 600 million people move out of poverty. Three hundred million people (about the population of the US) move from rural to urban areas every ten years. This is because China is still experiencing its economic take-off phase; this describes a situation where the majority of the working population move from agricultural jobs to tech and industry and move from the country-side to cities.
The level of urbanisation that took place in China in 22 years is equivalent to the UK’s level that took 120 years and USA that took 80 years. So maybe there is hope for Nigeria.

Other Indicators

Number of Billionaires in China — 2015 (image 3)
According to BBC, China produces two (2) new billionaires every week and one million (1,000,000) millionaires every year.
I wanna be a billionaire, billionaire yeah yeah, I wanna be a billionaire, billionaire yeah yeah
(Verse 2)
I wanna wake up in a Lamborghini, I wan chop life on Santorini, oh yeah.
-Teni the entertainer, Billionaire

Meanwhile, according to the NDIC, 98% of Nigerians don’t have up to N500,000 ($1,250) in their accounts. According to Mckinsey & Co, only 2m people in Nigeria have purchasing power and annual incomes over $10,000.

2. In India, the city of Mumbai alone has almost 60,000 millionaires; meanwhile, in Nigeria, there are just 12,300 millionaires in the entire country.

3. One of the measures for the economy and middle class of a society is the records of airport passengers compared to its population. In one year, Nigeria had 15.2 million airport passengers compared to Singapore Changi Airport, which served over 65 million passengers. (Singapore population — 5.6 million). The metropolis of Shenzen alone in China had over 400 million airport passengers in a single year. (Shenzen population — 12.5 million)

4. South Africa’s fourth-largest bank — Nedbank has a market cap of $72 billion. This is bigger than the market cap of all the banks in Nigeria put together, including GTB, Zenith, FirstBank and Ecobank.

So what do we do?
The real wealth of a nation is in its people and like Dangote would say, “Nobody will fix Nigeria for us until we take the lead”. One of the greatest assets that have helped China and India grow is its population.
So is Nigeria a truly wealthy nation? The answer is No. However, it can be so. If an average Nigerian produces half the GDP per capita of the average UK citizen, our GDP will not be $398 billion but $3.9 trillion.

The growth of businesses drives the economy, and therefore, the government must put in place suitable policies to promote business growth. We must increase our productivity as a nation. And it begins with you. Do better, work smarter and grow bigger.
Please comment and share if you find this useful. I am Klein Udumaga.

This article was originally posted on my medium page. Please follow as I shed more light on the Nigerian economy and how to sell to Nigerians.
@MBuhari @ProfOsinbajo
Car Talk / Re: Urgent!!! Best Coolant For Nissan Quest by Waspy(m): 7:16pm On Jan 04, 2020
[quote author=Crixie post=46567508][/quote]
Hi, pls do you still have this?

The Nissan coolant in the embedded pic
Religion / Re: MURIC: 'Christians Enjoy More Holidays Than Muslims In Nigeria' by Waspy(m): 7:03pm On Jan 04, 2020
Which kain okoto meow be this....Na only Muric members dey stay for house on those holidays?
Car Talk / Re: Where To Find This In Ibadan? by Waspy(m): 4:34pm On Jan 03, 2020

Where kind I find this genuine coolant in any walk-in store in Ibadan Metropolis?

You're prompt response is appreciated.
Pls have you got this? If Yes, where and how much?
Politics / Re: Fulani Herders Sue Oyo Govt Over Anti-open Grazing Law by Waspy(m): 5:26pm On Jan 02, 2020
Their fundamental what?
We joke too much in this country

1 Like

Politics / Re: President Buhari Frees 19 Inmates Including A 75 Year Old Man & His Son by Waspy(m): 1:46pm On Dec 25, 2019

All the freed inmates were not identified ke.

Why not make them known to the public if not for sinister motives.

This guy has released another batch of his nefarious actor brothers.


Politics / Re: Photos From Senator Ajimobi's 70th Birthday In Ibadan by Waspy(m): 3:43pm On Dec 17, 2019
I don't understand oo... So Baba Buhari is only 7yrs older than Ajimobi??
Politics / Re: Ganduje: Court Dismisses Bribery Case Against Governor by Waspy(m): 8:11pm On Dec 16, 2019
The Judge dismissed the case for lack of substantial evidence.


Guess the technology behind those videos made the videos non-substantial as evidences tenable in a 21st century Federal High Court in Nigeria


Crime / Re: My Whatsapp Has Been Hacked by Waspy(m): 3:28pm On Dec 12, 2019
Contact your mobile network provider...you can go to any of their offices nearest to you.

Explain your situation, and ask them to deactivate your line/number, then do a welcome back/reactivation.

Maybe it will help


Politics / Re: Bob Menendez Condemns Sowore's Rearrest by Waspy(m): 12:41pm On Dec 07, 2019
What does that short fake pastor, fake prof, fake SAN, fake lawyer, zombie V.P has to say about this?
Celebrities / Re: Cardi B: Nigeria Has No Light, Looks Like Dominican Republic by Waspy(m): 6:56pm On Dec 06, 2019
Fashola and Buhari.... Una see Una life?
Politics / Re: ‘Why We Picked Daura For University Of Transportation’ - Mohammed Babakobi by Waspy(m): 4:30pm On Dec 02, 2019
Arselicking Arselickers
Education / Re: IPPIS: ASUU Asks FG Why Staff Of CBN, NDIC, FIRS Are Not On The Payment System by Waspy(m): 11:21am On Dec 02, 2019
The Nigerian senators should also be on the fvcking IPPIS

1 Like

Business / Re: Petrol subsidy increases by 2,000% in one year by Waspy(m): 6:10pm On Dec 01, 2019
Sai Bóôhari grin angry grin


Politics / Re: Finance Bill: New Tax Regime To Take Effect From Jan 2 – FG by Waspy(m): 7:19pm On Nov 28, 2019
grin Chai Baba Chai Buhari

1 Like

Business / Re: Why Onyema Was Flagged By The US - Advice From A US Based Business Man. by Waspy(m): 8:03am On Nov 24, 2019
This thread reeks of Sentiments, Biases and Delusions, all rolled up into one.

Why bring up tribal jingoism into an economically, internationally and politically significant discuss?

1 Like

Politics / Re: Miyetti Allah Congratulates Yahaya Bello On Election Victory by Waspy(m): 5:07am On Nov 22, 2019
grin The end is near


(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (of 90 pages)

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2021 Oluwaseun Osewa. All rights reserved. See How To Advertise. 108
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.