Check this out and let's have this conversation without bias...

Nigeria has only 4 Billionaires...

South Africa has 5 Billionaires

Nigeria has 9,800 Millionaires . This figure was once above 15,000 but significantly dropped due to the devaluation of the Naira.

South Africa has 37,800 Millionaires and the number is increasing because of economic stability.

The above figures are in USD....

Please do not argue these facts sentimentally... Do your own research.

The 9800 Millionaires in Nigeria are just louder than the massive 37,800 Millionaires in South Africa.

Like I said, these are facts....

Sometimes, a people may never EVOLVE until they are confronted with some painful truths...

Here's the difference between both countries...

Almost all the millionaires in South Africa do not own their houses and cars. Those big houses and cars are mostly owned by the bank.

But the millionaires in Nigeria own everything 100% and thus have free cash to spend without thinking about how to pay off the banks.

Again, financial data is not readily available in Nigeria. Most Nigerians do not have a proper calculation of their networth. While financial data is readily available in South Africa. Most banking applications have features of customer's networth.

In Nigeria, it's difficult to accurately track accurate value of property. Properties are over priced - and sometimes underpriced.
But in South Africa, it's easier to track value of Properties.

From the above, what do you conclude?

Share your honest and unbiased opinion.
Check this out and let's have this conversation without bias... Nigeria has only 4 Billionaires... South Africa has 5 Billionaires Nigeria has 9,800 Millionaires . This figure was once above 15,000 but significantly dropped due to the devaluation of the Naira. South Africa has 37,800 Millionaires and the number is increasing because of economic stability. The above figures are in USD.... Please do not argue these facts sentimentally... Do your own research. The 9800 Millionaires in Nigeria are just louder than the massive 37,800 Millionaires in South Africa. Like I said, these are facts.... Sometimes, a people may never EVOLVE until they are confronted with some painful truths... Here's the difference between both countries... Almost all the millionaires in South Africa do not own their houses and cars. Those big houses and cars are mostly owned by the bank. But the millionaires in Nigeria own everything 100% and thus have free cash to spend without thinking about how to pay off the banks. Again, financial data is not readily available in Nigeria. Most Nigerians do not have a proper calculation of their networth. While financial data is readily available in South Africa. Most banking applications have features of customer's networth. In Nigeria, it's difficult to accurately track accurate value of property. Properties are over priced - and sometimes underpriced. But in South Africa, it's easier to track value of Properties. From the above, what do you conclude? Share your honest and unbiased opinion.
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