₦airaland Forum

SUPERPACK:
404.

Opor Opor

Business as usual

NASTY C




Then MI is somewhere around the top 7

juman:
Okola.

Person die, you still dey drag am. Nigerians

Xisnin:
Lagos is supposedly on lockdown and hundreds are moving in and out every day.

Sadly,
there is a lot of politics and free money in this whole brouhaha

Want to drive a car..... Manual

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

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

proclinician:
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

Our senators and HOR members shld be the ones doing voluntary service, not anyone risking his/her own lives

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

realstars:
Pls i haven't read the news, is it from Lai muhamed?

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

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

Speak2klein:
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.
https://medium.com/@kleinuduh/is-nigeria-a-truly-wealthy-nation-7f839d838a6c

@MBuhari @ProfOsinbajo

[quote author=Crixie post=46567508][/quote]Hi, pls do you still have this?

The Nissan coolant in the embedded pic

Which kain okoto meow be this....Na only Muric members dey stay for house on those holidays?

jaey:
Greetings.

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?

Their fundamental what?
We joke too much in this country

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.

I don't understand oo... So Baba Buhari is only 7yrs older than Ajimobi??

The Judge dismissed the case for lack of substantial evidence.

fergie001:
https://www.vanguardngr.com/2019/12/court-dismisses-bribery-charges-against-ganduje/

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

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

What does that short fake pastor, fake prof, fake SAN, fake lawyer, zombie V.P has to say about this?

Fashola and Buhari.... Una see Una life?

Arselicking Arselickers

The Nigerian senators should also be on the fvcking IPPIS

Sai Bóôhari

Chai Baba Chai Buhari

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?

The end is near