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Post by Honorebu on Jun 30, 2016 15:02:22 GMT
Sales Managers’ Index suggests Nigerian GDP growth will be negative again in Q2 Official GDP growth data for Q1 reported contraction by -0.4% year-on-year Job levels decline for 4th successive month reflecting falling economic activity The World Economics SMI reports that the Nigerian economy will continue to contract in June, rounding off Q2 with a quarterly average Sales Index of 43.6. This level is indicative of economic contraction and the second consecutive quarter which represents a technical recession. Prices charged for goods and services in June continued to rise quickly suggesting year-on-year inflation will continue to be very high. The June SMI shows that despite a slight easing in the rate of growth during May, inflation is likely to continue growing from the official figure of 15.6% reported. The upward trend has continued and levels for June are expected to accelerate further. Overall, the latest SMI data suggests that growth is likely to weaken further during the third quarter and the weakness is set to continue.  Speed Direction SMI- Strong Increasing Business Confidence Very fast Increasing Market Growth Slow Declining Sales Output Faster Declining Prices Charged Fast Increasing Staffing Levels Faster Declining www.worldeconomics.com/SMI/Nigeria-SalesManagersIndex.efp |
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Post by Honorebu on Jun 30, 2016 15:03:19 GMT
Meanwhile...
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Post by Honorebu on Jun 30, 2016 15:08:03 GMT
Fam, nothing is working in that country and nothing will work as long there are people ready to sabotage the efforts of the government Bread don cost. I heard it's now 350. I don't really understand this since there are different sizes of bread But I know say Agege loaf don cost  |
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Post by Short_Biscuit on Jun 30, 2016 16:14:48 GMT
Bro, visiting and going round Kenya gave me a vision of the potentials of an independent Yoruba country. On the list you referenced, Kenya is BY FAR the most developed coz I have also been to Addis Ababa and can therefore make the comparison. It's certainly not heaven on Earth of course but a relatively ideal model of how an African country without Oil can be successfully and efficiently managed -- and they are not even as homogeneous as we Yorubas who certainly outnumber them. That country's population is a little over 40-million, with no oil but a very very efficiently run economy that keeps attracting investors like Akara. It's not the largest nor the most endowed country in East Africa be it in population or landmass (in fact, its neighboring Tanzania has better tourism potential, landmass and population, yet Kenya still outshines them all). So much so that its neighbors, including Ethiopia, look up to her in awe and are always sending down delegations there for lessons on how to better manage their economy. I just can't come to terms with the fact that some Yorubas fail to realize that we can actually do much better on our own. If it's because of Dangote investments they are afraid to detach themselves from Nigeria, Dangote has investments in other countries outside Nigeria for goodness sakes. |
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Post by Honorebu on Jun 30, 2016 17:02:06 GMT
Bro, visiting and going round Kenya gave me a vision of the potentials of an independent Yoruba country. On the list you referenced, Kenya is BY FAR the most developed coz I have also been to Addis Ababa and can therefore make the comparison. It's certainly not heaven on Earth of course but a relatively ideal model of how an African country without Oil can be successfully and efficiently managed -- and they are not even as homogeneous as we Yorubas who certainly outnumber them. That country's population is a little over 40-million, with no oil but a very very efficiently run economy that keeps attracting investors like Akara. It's not the largest nor the most endowed country in East Africa be it in population or landmass (in fact, its neighboring Tanzania has better tourism potential, landmass and population, yet Kenya still outshines them all). So much so that its neighbors, including Ethiopia, look up to her in awe and are always sending down delegations there for lessons on how to better manage their economy. I just can't come to terms with the fact that some Yorubas fail to realize that we can actually do much better on our own. If it's because of Dangote investments they are afraid to detach themselves from Nigeria, Dangote has investments in other countries outside Nigeria for goodness sakes. Breh, speaking of Kenya, I follow the tech industry in Africa and I can authoritatively tell you that the distance between Kenya and the rest is like 100-76 Those guys are probably the smartest Africans forget garbage Naija chest-beating. For me, smartness reflects on the economy |
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Post by Short_Biscuit on Jun 30, 2016 17:56:12 GMT
Bro, visiting and going round Kenya gave me a vision of the potentials of an independent Yoruba country. On the list you referenced, Kenya is BY FAR the most developed coz I have also been to Addis Ababa and can therefore make the comparison. It's certainly not heaven on Earth of course but a relatively ideal model of how an African country without Oil can be successfully and efficiently managed -- and they are not even as homogeneous as we Yorubas who certainly outnumber them. That country's population is a little over 40-million, with no oil but a very very efficiently run economy that keeps attracting investors like Akara. It's not the largest nor the most endowed country in East Africa be it in population or landmass (in fact, its neighboring Tanzania has better tourism potential, landmass and population, yet Kenya still outshines them all). So much so that its neighbors, including Ethiopia, look up to her in awe and are always sending down delegations there for lessons on how to better manage their economy. I just can't come to terms with the fact that some Yorubas fail to realize that we can actually do much better on our own. If it's because of Dangote investments they are afraid to detach themselves from Nigeria, Dangote has investments in other countries outside Nigeria for goodness sakes. Breh, speaking of Kenya, I follow the tech industry in Africa and I can authoritatively tell you that the distance between Kenya and the rest is like 100-76 Those guys are probably the smartest Africans forget garbage Naija chest-beating. For me, smartness reflects on the economy Spot on. You are talking about Tech? Agric nko? They export more fresh flowers to Europe daily than any other African country and are making billions from just that alone, even our FG recently had to run to them for solutions to the 'Tomato Ebola' attack, not to mention their real/nain cash-cow -- Tourism. Ww need to drop our fixation on Oil for real. |
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Post by Honorebu on Jun 30, 2016 18:11:55 GMT
Breh, speaking of Kenya, I follow the tech industry in Africa and I can authoritatively tell you that the distance between Kenya and the rest is like 100-76 Those guys are probably the smartest Africans forget garbage Naija chest-beating. For me, smartness reflects on the economy Spot on. You are talking about Tech? Agric nko? They export more fresh flowers to Europe daily than any other African country and are making billions from just that alone, even our FG recently had to run to them for solutions to the 'Tomato Ebola' attack, not to mention their real/nain cash-cow -- Tourism. Ww need to drop our fixation on Oil for real. It's like the flower thing is a money spinner eh? Ethiopia is also making lots of money from flowers. Lol Nigeria dropping her fixation on oil? Baba, you gaan gats try comedy  Buhari gaan don beg . The country is like Nite of a thousand laughs |
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