blueto:


And zombies said GEJ was Clueless

Now that Nigerian Economy is in an infuscated adversity under Buhari, what do you have to say?.

blueto:


And zombies said GEJ was Clueless

Now that Nigerian Economy is in an infuscated adversity under Buhari, what do you have to say?.

DropShot:
[s][/s]
Forget paper growth!

Muafrika2:
CAR That list is obviously rigged.

Deen77:


Very clueless.

GoodSonOfGod:
Having enjoyed blissful growth over the past decade, Nigeria was one of the fastest growing economies in the world, but it is not one of the 15 fastest growing economies in Africa for 2016.

In 2014 and early 2015, Nigeria was named the third fastest growing economy in the world by CNNMoney, with China and Qatar, taking the lead at 7.3 percent, 7.1 percent gross domestic product (GDP) growth.

Following the 2015 election uncertainty, crash in crude oil price, and prolonged revelation of policy direction by the newly-inaugurated Muhammadu Buhari-led government, Nigeria’s GDP for 2015 crashed to 2.8 percent.

For 2016, however, the coast is cloudy, and Nigeria is nowhere near the fastest growing economies in Africa.

According to the International Monetary Funds (IMF) World Economic Outlook for 2016, as revised in April, the fastest growing economy in Africa for 2016 is Cote d’Ivoire and the slowest is Chad, which is expected to record negative growth.

Cote d’Ivoire is expected to experience an 8.5 percent rise in GDP, while Nigeria’s neighbour, Chad, would see a -0.4 percent growth.
Africa’s Fastest
Country Projected Growth Rank
Cote d’Ivore 8.5% 1
Tanzania 6.9% 2
Senegal 6.6% 3
Djibouti 6.5% 4
Rwanda 6.3% 5
Kenya 6.3% 6
Mozambique 6.0% 7
CAR 5.7% 8
Sierra Leone 5.3% 9
Uganda 5.3% 10
Source: IMF

Cote D’Ivoire (8.5%), Tanzania (6.9%), Senegal (6.6%), Djibouti (6.5%), Rwanda (6.3%), Kenya (6.0%), Mozambique (6.0%),

Central African Republic (5.7%), Sierra Leone (5.3%) Uganda (5.3%).

Madagascar, Zambia and Chad are expected to see a growth of 4.1 percent, 3.4 percent, 3.2 percent respectively.

The fastest growing economies in Africa by GDP growth rate, as projected by IMF for 2016, are: Cote D’Ivoire (8.5%), Tanzania (6.9%), Senegal (6.6%), Djibouti (6.5%), Rwanda (6.3%), Kenya (6.0%), Mozambique (6.0%), Central African Republic (5.7%), Sierra Leone (5.3%) and Uganda (5.3%).

DR Congo expects a GDP growth of 4.9 percent, Cameroon; 4.9 percent, Ethiopia; 4.5 percent, Ghana; 4.5 percent and Republic of Congo; 4.4 percent.

Madagascar, Zambia and Chad are expected to see a growth of 4.1 percent, 3.4 percent, 3.2 percent respectively.

Major oil exporters, Angola and Nigeria, hard hit by the slump in crude oil prices, are projected to see a growth 2.5 and 2.3 percent.

At 2.3 percent, Nigeria is expected to see its poorest GDP growth since the return of Democracy in 1999.

This development has become a point of concern for the IMF, and the World Economic Forum (WEF), which would be having its meeting on Africa later in May.

“It is important to recognize the challenges that many African economies face – the commodities slump, currency devaluations and geo-security risks all threaten growth,” WEF explained.

The Forum says its May meeting will highlight the need for diversification in order to ensure inclusive economic growth, tapping into the fourth industrial revolution’s potential to create new industries and help reduce inequality across the continent.

The World Economic Forum on Africa 2016 will take place in Kigali, Rwanda from 11-13 May.

https://www.thecable.ng/15-fastest-growing-economies-africa-nigeria-not-one?_e_pi_=7%2CPAGE_ID10%2C6920219177

Splinz:
It is bound to happen when idiots are at the helms of affair in a country fulled of intellectuals. Change indeed- from positive to negative.

EmekaBlue:
at this junction i shout SIA BABA....

Failure...F9 specialist

Juxtified:


Our politics especially as youths has to go beyond Buhari vs GEJ, APC vs PDP, north vs south, etc. it is one of the shackles dragging us back as a nation.

On the issue of the IMF list, I still maintain it smells fishy. We all know the IMF a strong political tool of the US, and along with the World Bank, a major way it (the US) controls its puppet nations. Only few would fail to note the stark coincidence between the timing of this list and the refusal of the present administration to dance to their tunes just a few months ago.
As in, do you really mean to tell me that you believe Nigeria is not one of the top 5 fastest growing economies in Africa at present, not to talk of a Top 15 list?

Oma307:
Since there is not crime for overtaking, they should give us one year more

deebsman1:
this IMF sha wan make nija lend money by fire by force.......even if we go borrow, it won't b from them, let them keep their list

obainojazz:
The only countries in Africa... SouthAfrica, egypt and Nigeria.....as them no dey, that list no concern me....Djibouti...is that a country or name of street.... Naija will rise again....and continue competing with southafrica and egypt with the rest of the world not all this countries wey if you bring ten of them, them go price them #20

Juxtified:


Our politics especially as youths has to go beyond Buhari vs GEJ, APC vs PDP, north vs south, etc. it is one of the shackles dragging us back as a nation.

On the issue of the IMF list, I still maintain it smells fishy. We all know the IMF a strong political tool of the US, and along with the World Bank, a major way it (the US) controls its puppet nations. Only few would fail to note the stark coincidence between the timing of this list and the refusal of the present administration to dance to their tunes just a few months ago.
As in, do you really mean to tell me that you believe Nigeria is not one of the top 5 fastest growing economies in Africa at present, not to talk of a Top 15 list?

blueto:


And zombies said GEJ was Clueless

Now that Nigerian Economy is in an infuscated adversity under Buhari, what do you have to say?.

Juxtified:
This list was compiled by IMF? Then it all makes sense.
Suddenly our growth that has been projected to be among the fastest in the world is now no where near the fastest even in Africa?

Maybe if we had accepted the so called IMF advice and loan, we'll be right at the top of their list.

Btruth:
A bi? I seriously like that faith of yours brother. Nigeria will survive.

blueto:


And zombies said GEJ was Clueless

Now that Nigerian Economy is in an infuscated adversity under Buhari, what do you have to say?.