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Nigeria the largest economy? Really?
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murchr
#61 Posted : Tuesday, April 08, 2014 10:30:55 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Did they calculate GNP? That will be more given that Nigerians own so much property out of Nigeria. Even the majority shareholder of Gatwick Airport UK is Nigerian...
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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mv_ufanisi
#62 Posted : Wednesday, April 09, 2014 12:43:08 PM
Rank: Member

Joined: 1/15/2010
Posts: 625
Ericsson wrote:
@mv_ufanisi;
The point am raising is that GDP is a wrong metric value as a tool of measurement;HDI is better.


It doesn't matter. Even for HDI, South Africa has high averages for the overall population but for the black population all the metrics are below average. It's like living in a palace as a waiter and laughing at someone who owns a bungalow. I think South Africa will be in the rough for a long time while the rest of Africa grows zooms by. You only need to check the education statistics to see how bad things are for the Africans there. For some reason, in all areas where Africans have been dominated, e.g. Brazil, USA and South Africa you get the same results - high averages that mask the plight of the Africans and the attendant results ghettos, violence & poor results.
Real economic progress for Africans will have to come from Nigeria, Kenya and the rest of SSA apart from SA.
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Ericsson
#63 Posted : Wednesday, April 09, 2014 12:55:54 PM
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Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
@mv_ufanisi;
The black population in South Africa is coming up.
South Africa is celebrating 20 years next month and the first blacks who went to school after black majority rule are now joining university.
If u look at some of their big companies they are now beginning to have black CEOs and senior managers case in point Standard Bank of South Africa parent company of CFCStanbic,Telkom SA.
And the black empowerment plan which is much better than what we had in Zimbabwe ensures empowering the natives without distorting the economy
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Lolest!
#64 Posted : Wednesday, April 09, 2014 2:09:38 PM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Ericsson wrote:
@mv_ufanisi;
The black population in South Africa is coming up.
South Africa is celebrating 20 years next month and the first blacks who went to school after black majority rule are now joining university.
If u look at some of their big companies they are now beginning to have black CEOs and senior managers case in point Standard Bank of South Africa parent company of CFCStanbic,Telkom SA.
And the black empowerment plan which is much better than what we had in Zimbabwe ensures empowering the natives without distorting the economy

Their black empowerment programme is similar to our much maligned Africanisation policy of the Jomo Kenyatta era..

Few blacks will get rich
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mv_ufanisi
#65 Posted : Wednesday, April 09, 2014 3:40:15 PM
Rank: Member

Joined: 1/15/2010
Posts: 625
Lolest! wrote:
Ericsson wrote:
@mv_ufanisi;
The black population in South Africa is coming up.
South Africa is celebrating 20 years next month and the first blacks who went to school after black majority rule are now joining university.
If u look at some of their big companies they are now beginning to have black CEOs and senior managers case in point Standard Bank of South Africa parent company of CFCStanbic,Telkom SA.
And the black empowerment plan which is much better than what we had in Zimbabwe ensures empowering the natives without distorting the economy

Their black empowerment programme is similar to our much maligned Africanisation policy of the Jomo Kenyatta era..

Few blacks will get rich


Southern Africa got the "extreme colonization" experience - Zimbabwe, Namibia and South Africa. It's going to take a lot for them to get over it and start focusing on building their countries. Their best bet is a huge investment in education which isn't happening. African growth is mostly going to come from East, West and Central Africa for the next three decades.
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Alba
#66 Posted : Wednesday, April 09, 2014 10:03:01 PM
Rank: Elder

Joined: 12/27/2012
Posts: 2,256
Location: Bandalungwa
One thing about Nigeria is that they haven't let their tribalism permeate politics the way Kenya has.

In Kenya, tribalism is toxic to development. We have had three presidents who have enjoyed solid support from their ethnic bases regardless of how incompetent, corrupt or neglectful they were.

So while Nigeria has been rushing ahead at break-neck speed, Kenyans are too busy frolicking in their tribal elements.

Nigerians don't obsess over elections as Kenyans do. Kenya virtually comes to a standstill for one year prior to elections as idlers wait to be addressed by their tribal chiefs.
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Ali Baba
#67 Posted : Wednesday, April 09, 2014 10:34:49 PM
Rank: Member

Joined: 8/29/2008
Posts: 573
Alba wrote:
One thing about Nigeria is that they haven't let their tribalism permeate politics the way Kenya has.

In Kenya, tribalism is toxic to development. We have had three presidents who have enjoyed solid support from their ethnic bases regardless of how incompetent, corrupt or neglectful they were.

So while Nigeria has been rushing ahead at break-neck speed, Kenyans are too busy frolicking in their tribal elements.

Nigerians don't obsess over elections as Kenyans do. Kenya virtually comes to a standstill for one year prior to elections as idlers wait to be addressed by their tribal chiefs.

Dont worry so much as to what "WE" as a country can do,worry about what you as a person can do.If all of us did the right thing,we can surge ahead...
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Apple Bees
#68 Posted : Thursday, April 10, 2014 1:59:30 AM
Rank: Member

Joined: 7/5/2008
Posts: 390
Alba wrote:
One thing about Nigeria is that they haven't let their tribalism permeate politics the way Kenya has.

In Kenya, tribalism is toxic to development. We have had three presidents who have enjoyed solid support from their ethnic bases regardless of how incompetent, corrupt or neglectful they were.

So while Nigeria has been rushing ahead at break-neck speed, Kenyans are too busy frolicking in their tribal elements.

Nigerians don't obsess over elections as Kenyans do. Kenya virtually comes to a standstill for one year prior to elections as idlers wait to be addressed by their tribal chiefs.

Ha ha ha. No Tribalism in Nigeria? You are dead wrong! Why was Yar Adua sneaked into the country dead? Why is BokoHaram mostly in the North? Why did some folks in South-East protest when Wole Soyinka (a Yoruba) won a Nobel Price, rather than the much fancied Chinua Achebe (an Igbo)? What wsa the genesis of the Biafran War? What about the last year's policy of relocating Igbos from Lagos to Onitsha? Why is the APC likely to win next elections and not PDP?
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Fyatu
#69 Posted : Thursday, April 10, 2014 8:35:16 AM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
Apple Bees wrote:
Alba wrote:
One thing about Nigeria is that they haven't let their tribalism permeate politics the way Kenya has.

In Kenya, tribalism is toxic to development. We have had three presidents who have enjoyed solid support from their ethnic bases regardless of how incompetent, corrupt or neglectful they were.

So while Nigeria has been rushing ahead at break-neck speed, Kenyans are too busy frolicking in their tribal elements.

Nigerians don't obsess over elections as Kenyans do. Kenya virtually comes to a standstill for one year prior to elections as idlers wait to be addressed by their tribal chiefs.

Ha ha ha. No Tribalism in Nigeria? You are dead wrong! Why was Yar Adua sneaked into the country dead? Why is BokoHaram mostly in the North? Why did some folks in South-East protest when Wole Soyinka (a Yoruba) won a Nobel Price, rather than the much fancied Chinua Achebe (an Igbo)? What wsa the genesis of the Biafran War? What about the last year's policy of relocating Igbos from Lagos to Onitsha? Why is the APC likely to win next elections and not PDP?


Just to add to @Apple beez questions....why did they set up the Federal capital or Federal state of Abuja?? They set it up so that no tribe will have a claim to it..

Kenya needs to cultivate the spirit of entrepreneurship especially in schools.
Dumb money becomes dumb only when it listens to smart money
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dunkang
#70 Posted : Thursday, April 10, 2014 8:55:07 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Alba wrote:
One thing about Nigeria is that they haven't let their tribalism permeate politics the way Kenya has.

In Kenya, tribalism is toxic to development. We have had three presidents who have enjoyed solid support from their ethnic bases regardless of how incompetent, corrupt or neglectful they were.

So while Nigeria has been rushing ahead at break-neck speed, Kenyans are too busy frolicking in their tribal elements.

Nigerians don't obsess over elections as Kenyans do. Kenya virtually comes to a standstill for one year prior to elections as idlers wait to be addressed by their tribal chiefs.

Boss, stop hating your country that much to the extent of calling Nigeria a non-tribal politics country. THAT MY FRIEND, IS A LIE!

Nigerians MUST be the most tribalistic IDIOTS on the African Continent by far, maybe followed by Kenyans or South Sudanese!
Receive with simplicity everything that happens to you.” ― Rashi

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