AnakinSkywalker:


I don't mind...

What machinery do you think of using?

Where do you intend to source leather from?

What name do you want to name the brand.

Thanks alot for showing interest...a small brief, am a programmer with lots of ideas which am already working on, besides i have lots of ideas about producing stuffs, one of the stuffs i believe i strongly believe we can do for ourselves is going into manufacturing thereby creating jobs. One of the industry i know can create lots of employment is the leather industry, my aim is to harness the opportunity available in the industry thereby motivating other Nigerians into thinking within.

What machinery do you think of using?

Back to your questions, i've been researching online about shoe making industry, checking up the machinery that's been used in italy and other shoe producing regions in the world, i found out there are small size machinery and tools there are been used in the manufacturing of these stuffs. So i intend to bring in these tools and machinery

Where do you intend to source leather from?

This is a dicey one, i have two options, the first been sourcing the leather locally, using the available leather in the country, though this may not serve as much as i would love but its one of the options, and you never can know how available leather is in the country until you try, i know for sure there are different leather manufacturing ventures in the country who can improve on the quality and capacity of their production if the market is encouraging.

the second option is producing our own leather for our need, that is sourcing for animal herd and turning it into finished leather of the quality required. Sourcing for animal skin isn't going to be a challenge, the process of turning it into leather is the challenge, leather manufacturing is a long process. If need be, we'll have no option than to go into leather production. This is going to be a plus to us because other shoe producers will spring and they'll need these leathers. Doing this is going to put a chunk of the leather value chain in our hand.

What name do you want to name the brand

I think the name is not the most important at this stage... working things out and see how successful its going to be is the ultimate.

Lastly....i quite understand very much that the journey is not going be a easy one, just like my programming career, it took me over 7years before getting where i am today, but the most important thing is, i always keep my eye on the goal and that keep me going. This venture is surely not as difficult as my present venture, so its very much doable. Sourcing leather is the only difficult task as far as i've researched, producing the shoes, coming up with designs, sewing etc aint the challenge at all. Moreover, i'll say i grew up close to shoe manufacturers as a kid, My father was at a time in the shoe business, provide money for the artisan, they produce shoes, which he usually supplied to Bata and Lennards (indomie generation wouldn't know these brands) and also stalls in lagos island then and took others abroad. This was then in the nineties where there were no sophisticated machinery. Looking at the present situation or market, There are lots of experienced cobblers who produce beautiful leather slippers, but their lack of exposure and better business understanding made them stay at the level they are. I think my long preaching gives some clue.

SLIDEwaxie:
if a Chinese company folded up for making carpets that full ground for kano and litters our market, then u shld understand that it lacked the visibility study to begin in the first place.


do u think things are not supposed to be cheaper if not for diesel costs added to production costs?


so, what I am saying is dt, the ones who survived are already used to powering with diesel.


now, let me educate you over this: things produced in Nigeria are far more durable than those imported from China. that is why the Chinese ones are cheaper. u have a choice.


the the thickness are not as the one produced locally. I will give u a few instances based on experience...


a steel stanchion from China measures 11.4m whole the indigenous measured 12m.


a thickness gauge of 0.5mm roofing sheets from China is actually 0.45mm.


a neon bulb from China will last for an average time of two months, while the others lasts for at least, a yr.


things being cheaper is not the case, what abt the durability.

who knows, someone already started the design of a generator that uses water...who knows... it may actually be a saviour!

necessity produces genuis!!!

if you want quality, the Chinese will give you quality, iPhone is made in China, Samsung phones are made in China, almost all electronics are made in China, machineries are made in China, so the issue of quality is non existent, it's what you want that they will give you. I shop online a lot, and I buy wares from river island u.k, their shoes and clothing are made in china but it's not of low quality. It's the Nigerian market demanding low quality items because of the reduced price

JuanDeDios:

Not necessarily. Some manufacturers are folding up because they can't import raw materials. Then there's still the problem of access to credit. Of course the CBN can intervene directly on behalf of these manufacturers but will they?

I wish you well in your shoe biz though since you can source your materials locally.

Thanks alot bro, as i usually tell people, its high time we stop focusing on problems and challenges, but opportunities and solutions, i've tried several business ventures, farming, trading, producing stuffs including decorations and others. I've come to the realisation that no single venture exist without its numerous challenges, the venture without its peculiar challenges doesn't exist, so many people become best at what they do, not because what they do not have terrible challenges, but because they could swim against the tide. With this outlook, there's alot of opportunities available in the country but the question is, are we ready to go through the hard way and reap its immense benefits? That's the only way out our numerous challenges as people.

The pattern I see is traders buying luxury goods.......textile, bags, shoes. Jewelleries....... Gosh!!!are they essential commodities?

We dont need all this junks, as it is we have enough stock to last two years....


Is import the only business

Try exports you nitwits..

tuale4u:
Local production and local goods are getting boost

Yes o, good for the economy. Importers, think local now and begin importing those capital goods as opposed to finished goods.

Good news for Nestle, Dangote, Cadbury and the rest and bad news for those lazy importers.

Do you know that the likes of Nestle and the rest get their forex needs at much lower rates probably N210 because they deal with banks directly and banks are willing to give them preferential treatment.

Those importers if banned goods would go to the black market because no bank would give forex to do that.

Nigerians, be patient; things will stabilise and our economy will better off in the long term.

grandstar:


Also, 52% of the imputs of the manufacturers are imported. So a scarcity will strike a devastating blow. to their operations.Visit abokifx.com and read articles about the currency

The forex needed to import the 52% input will be provided at N200 or thereabout because the CBN is willing to give it to them at that (N197) rate.

walexy30:

The forex needed to import the 52% input will be provided at N200 or thereabout because the CBN is willing to give it to them at that (N197) rate.

The same manufacturers who are finding it difficult to get enough forex!

These policies can't work. Experts will tell you.

George Soros made a $1billion betting against the British pound in 1992. He knew a British monetary policy of the government was not sustainable and bet heavily against it. He is a forex trader.

A lot of people know rubbish when they see it even when uttered by governments

ratiken:


That guy is right. You are thinking like Buhari who believes the economy is only about crude oil dollars. Communication, automobile, ICT, finance sectors have key investors whose forex were domiciled in Nigerian banks. Those monies are all gone as nobody is furthering investments.

You see, people do not know the complexity of the economy.

Let's take Cuba. Cuba has no money to import. And embargo is just being lifted.

Now, Cuba has had to improvise, aside plenty of health care professionals churned out cheaply & high literacy rate, has isolation & so-called looking inwards helped Cuba? NO.

Nigerian economic boom since 1999 has been based on FDI. Foreign money came aplenty.

We have a market economy. With infrastructure, especially electricity & good roads/trains, local industry will rise again.

Right now, locally produced goods are more expensive than imported due to adverse environment in 9ja.

India & China once practiced protectionism, it did not help their economy.

walexy30:

The forex needed to import the 52% input will be provided at N200 or thereabout because the CBN is willing to give it to them at that (N197) rate.

I don't k now where you guys are getting this info from, the bloody CBN sells forex to their thieving friends in power, Just $18K request has been sitting on their table for 2 months.Has anyone here manage to get forex from CBN on here? or do we know of anybody who has?

DeAfricana:
i think the writers a trying to make us believe that dolar scarcity, is good for our
economy but, the truth of matter is, the other way round.first
we dont have the factories, that can service ordinary
one tenth of our needs,and to solve that we needs more dolars for equipments
and other things.many of all this people you see going to other city to buy goods,
is not that those citys, are industrialized,the are just going to people who still have old stocks,
and when that finishes, the will have no choice than to start importing .and inflation we be the order
of the day

Would I be right if I say you are too persimistic for my liking Sir' ?....thank you.

AreaFada2:


You see, people do not know the complexity of the economy.

Let's take Cuba. Cuba has no money to import. And Embargo is just being lifted.

Now, Cuba has had to improvise, aside plenty of health care professionals churned out cheaply & high literacy rate, has isolation & so-called looking inwards help Cuba? NO.

Nigerian economic boom since 1999 has be based on FDI. Foreign money came aplenty.

We have a market economy. With infrastructure, especially electricity & good roads/trains, local industry will rise again.

Right now, locally produced goods are more expensive than imported due to adverse environment in 9ja.

India & China once practiced protectionism, it did not help their economy.

Correct, it never works

SLIDEwaxie:
u shld increase ur sinking capacity and think wider.

1. it is impossible for every trader to still have the goods of almost 3 months on ground...unless u're a petty trader.

2. if it finishes...people will improvise. only the super rich will be able to afford the average things by then.

if a fake razor blade (Nigerian made) is sold for 5 naira, and imported tiger blade is sold for 20naira (current price), who wld buy the 20naira own unless they are rich enough?

in a nut she'll, the average Nigerian is more then the rich ones, those who prefer to import will be left at the mercy of the rich ones while the larger masses goes for the indigenous.

sooner or later, some average trader will stop importing because they will be unable to sell as quickly as they shld.

then the company in China will loose customers and decides to open a company here where the original blade will be sold for 10naira. then someone with the will of adenuga of GLo mobile will open a razor blade company and sell at 6naira...

that is where it all starts...

I like the way u paint the picture of an industrial el dorado. No nation without sustainable power generating capacity can embark on an industrial revolution. Look at the power situation, does it look like we have an energy plan on ground?

erico2k2:

Do not stretch it.it was made cos of this new Govt. They had no clear cut economy olives. The economy was trending on the speculative markets. We lost investment confidence.The delayed budget did not help matters. We now ha e a pay as yoy go economy no long term plans.I had two friends who wanted to open a software development company in Nigeria geared 2wards cc tv. Guess what they said they will wait and see what happens after the budget. Now they said thier capital will lose its value cos of the crash of the Naira. And these where meant to be loans and remortgage.

You just took a bunch of factors and put them all together. Dude there's no need to argue or lie about this JP Morgan thing, it didn't start with the new government. This is not an argument for the sake of it, it's a fact whether it goes with your narrative or not.

FYI
http://venturesafrica.com/jp-morgan-delisting-nigeria-from-emerging-market-government-bond-index-interpreted/
http://bizwatchnigeria.ng/jp-morgan-threatens-nigeria-with-delisting-from-major-bond-index/

mrmetoo1:


You just took a bunch of factors and put them all together. Dude there's no need to argue or lie about this JP Morgan thing, it didn't start with the new government. This is not an argument for the sake of it, it's a fact whether it goes with your narrative or not.

FYI
http://venturesafrica.com/jp-morgan-delisting-nigeria-from-emerging-market-government-bond-index-interpreted/

I will pass your link to a classmate of mine who works for their London branch and see what he says, I shall get back to you.

ZeroTolerance:

Do they agree?

That is not your problem,face your own issue.

swtdrms:
This is good news for the indigenous manufacturers, its high time everyone think of what he can produce and create employment. Am already thinking in the direction of high quality shoe production. Who's going to be my business partners.

Someone here

ozor1:
exactly, the government ought to have made favourable policies for intending investors. this alone will bring enough foreign exchange

You people can't differentiate between theory and reality. Which investor is bringing their money to Nigeria? Abi it was Nigerians round tripping money stolen from the people? Abi all the fake data madam world bank Iweala was producing?

tuale4u:
Local production and local goods are getting boost

Local production without NEPA...

I wonder o.

AreaFada2:


You see, people do not know the complexity of the economy.

Let's take Cuba. Cuba has no money to import. And embargo is just being lifted.

Now, Cuba has had to improvise, aside plenty of health care professionals churned out cheaply & high literacy rate, has isolation & so-called looking inwards helped Cuba? NO.

Nigerian economic boom since 1999 has been based on FDI. Foreign money came aplenty.

We have a market economy. With infrastructure, especially electricity & good roads/trains, local industry will rise again.

Right now, locally produced goods are more expensive than imported due to adverse environment in 9ja.

India & China once practiced protectionism, it did not help their economy.

Nigerian economy has NOT been based on FDI and money did not come aplenty that is vague and nebulous fantasy.

How much FDI exactly ? Can you put a number on it? How much was in the non oil sector?
The obvious one is Telecomm which was basically a technology whose time had come and was not peculiar to Nigeria beyond that please tell us ONE just one other sector that benefitted from this "Money aplenty" and to what tune

Protectionism,Isolationism those are just words. Cuba is an extreme example that is not relevant in our case. Every one practices isolationism and protectionism. It is a matter of degree every situation is unique. India certainly developed technologies that are relevant to their peculiar situation as did China. They STILL practice protectionism to a large extent and so we need to find the right blend that works FOR US. Even when we had a lot of oil money it was stiil expensive to manufacture the problem is not just infrastructure. We have a deficit of entrepreneurs and that is why Indians are selling Fish in Nigeria and making juice why we have foreigners running Shoprite and DSTV and MTN. That is why every year millions of fruit and vegetables rot away Let us face it Nigerians do not have a clue about business. We have a skill and knowledge deficit in our workforce ad that is why we have welders from the Philippines in our oil industry
Not every thing is infrastructure,a lot is about the quality of our people and we do not invest in that
There are a lot of opportunities in our country that can be developed by a skilled and knowledgeable workforce.This is nothing to do with government or infrastructure but KNOWLEDGE.

The knowledge state in our population is abysmal. Our people are ignorant ,over-religiose and superstitious and generally very backward. Government cannot do everything. Our people still believe all the nonsense coming out of pentecostal churches.Such a population cannot make progress. Why are Lebanese and Indians running restaurants in Nigeria even at the airports . We need to focus on our knowledge deficit which is huge

SLIDEwaxie:
u shld increase ur sinking capacity and think wider.

1. it is impossible for every trader to still have the goods of almost 3 months on ground...unless u're a petty trader.

2. if it finishes...people will improvise. only the super rich will be able to afford the average things by then.

if a fake razor blade (Nigerian made) is sold for 5 naira, and imported tiger blade is sold for 20naira (current price), who wld buy the 20naira own unless they are rich enough?

in a nut she'll, the average Nigerian is more then the rich ones, those who prefer to import will be left at the mercy of the rich ones while the larger masses goes for the indigenous.

sooner or later, some average trader will stop importing because they will be unable to sell as quickly as they shld.

then the company in China will loose customers and decides to open a company here where the original blade will be sold for 10naira. then someone with the will of adenuga of GLo mobile will open a razor blade company and sell at 6naira...

that is where it all starts...

how I wish ur analysis will be fruitful

tuale4u:
Local production and local goods are getting boost

Until the old stocks finish, then all our eyes go open.

The ones they buy from the local markets are also imported.

tuale4u:
Local production and local goods are getting boost

omonnakoda:
Nigerian economy has NOT been based on FDI and money did not come aplenty that is vague and nebulous fantasy.

How much FDI exactly ? Can you put a number on it? How much was in the non oil sector?
The obvious one is Telecomm which was basically a technology whose time had come and was not peculiar to Nigeria beyond that please tell us ONE just one other sector that benefitted from this "Money aplenty" and to what tune

Protectionism,Isolationism those are just words. Cuba is an extreme example that is not relevant in our case. Every one practices isolationism and protectionism. It is a matter of degree every situation is unique. India certainly developed technologies that are relevant to their peculiar situation as did China. They STILL practice protectionism to a large extent and so we need to find the right blend that works FOR US. Even when we had a lot of oil money it was stiil expensive to manufacture[b] the problem is not just infrastructure.[/b] We have a deficit of entrepreneurs and that is why Indians are selling Fish in Nigeria and making juice why we have foreigners running Shoprite and DSTV and MTN. That is why every year millions of fruit and vegetables rot away Let us face it Nigerians do not have a clue about business. We have a skill and knowledge deficit in our workforce ad that is why we have welders from the Philippines in our oil industry
Not every thing is infrastructure,a lot is about the quality of our people and we do not invest in that
There are a lot of opportunities in our country that can be developed by a skilled and knowledgeable workforce.This is nothing to do with government or infrastructure but KNOWLEDGE.

The knowledge state in our population is abysmal. Our people are ignorant ,over-religiose and superstitious and generally very backward. Government cannot do everything. Our people still believe all the nonsense coming out of pentecostal churches.Such a population cannot make progress. Why are Lebanese and Indians running restaurants in Nigeria even at the airports . We need to focus on our knowledge deficit which is huge

I don't know how old you're but I guess you didn't grow up to meet the period we had almost constant light, steady water, good roads etc.
We had Michelin, Dunlop, VW and others producing or assembling in 9ja. PAN of course too. Cost of production became too high, that producing abroad and importing made more sense. You will still see remnants at Ojo.

What you don't realise is how many million people died of poverty in India & China during that period of protectionism.

Protectionism has to be reasonable. Nobody is saying we should import amala or ewedu.

Provide a conducive environment first.

Pentecostalism took so much hold because of poverty & fear of poverty (by those relatively well off).

I saw people (able-bodied, young) thronging a Pentecostal church in Mushin area one Tuesday morning. How many gainfully employed people in Toronto, Sydney or New York will have time for that? God seems their last hope. Government in 9ja has no time for them.

Now, for Lebanese and others, some have experience investing elsewhere like Kenya, Uganda beforehand. Some just open a branch in 9ja. We also generally give favourable terms to foreigners than ourselves when granting licences, etc. Especially if those foreigners know how to help govt officials launder money.

Dangote has tomato plants in Kaduna & kano I learnt. Hopefully it will get better.

Take even cement, we have limestone in abundance but cement is VERY expensive compared to most developing countries. Cost of production partly responsible.

If you have ever run a business in 9ja, you will appreciate this cost aspect.

Sure we need more entrepreneurs. To do good business, you need money, which banks prefer to lend to oil & gas sector instead of a an adventurous beginner.
In those countries where people are more entrepreneurial, they get incentives from government, whether it is tax rebate, low corporation tax, etc.
Where do you think money has been coming from if not FDI?
FDI in my opinion includes investment in stock market, state govts borrowing internationally to invest, our banks having easy access to cheap international money that they lend locally at cut-throat rate etc. Usually to oil & Gas & big businesses. Not just one Paris based company setting up shop in Okitipupa.

Oil boom had only one major impact: we were able to increase foreign reserve that boosted FG credit worthiness, helped maintain Naira value, so that borrowing from abroad was easier and FDI flowed into a country not likely to go bankrupt.

Oil money by FG and state allocations went 70% into recurrent expenditure

AreaFada2:


I don't know how old you're but I guess you didn't grow up to meet the period we had almost constant light, steady water, good roads etc.
We had Michelin, Dunlop, VW and others producing or assembling in 9ja. PAN of course too. Cost of production became too high, that producing abroad and importing made more sense. You will still see remnants at Ojo.

What you don't realise is how many million people died of poverty in India & China during that period of protectionism.

Protectionism has to be reasonable. Nobody is saying we should import amala or ewedu.

Provide a conducive environment first.

Pentecostalism took so much hold because of poverty & fear of poverty (by those relatively well off).

I saw people (able-bodied, young) thronging a Pentecostal church in Mushin area one Tuesday morning. How many gainfully employed people in Toronto, Sydney or New York will have time for that? God seems their last hope. Government in 9ja has no time for them.

Now, for Lebanese and others, some have experience investing elsewhere like Kenya, Uganda beforehand. Some just open a branch in 9ja. We also generally give favourable terms to foreigners than ourselves when granting licences, etc. Especially if those foreigners know how to help govt officials launder money.

Dangote has tomato plants in Kaduna & kano I learnt. Hopefully it will get better.

Take even cement, we have limestone in abundance but cement is VERY expensive compared to most developing countries. Cost of production partly responsible.

If you have ever run a business in 9ja, you will appreciate this cost aspect.

Sure we need more entrepreneurs. To do good business, you need money, which banks prefer to lend to oil & gas sector instead of a an adventurous beginner.
In those countries where people are more entrepreneurial, they get incentives from government, whether it is tax rebate, low corporation tax, etc.
Where do you think money has been coming from if not FDI?
FDI in my opinion includes investment in stock market, state govts borrowing internationally to invest, our banks having easy access to cheap international money that they lend locally at cut-throat rate etc. Usually to oil & Gas & big businesses. Not just one Paris based company setting up shop in Okitipupa.

Oil boom had only one major impact: we were able to increase foreign reserve that boosted FG credit worthiness, helped maintain Naira value, so that borrowing from abroad was easier and FDI flowed into a country not likely to go bankrupt.

Oil money by FG and state allocations went 70% into recurrent expenditure

How old I am is irrelevant. I called you out on the nonsense you wrote about FDI since 1999> We certainly are old enough to remember everything about Obasanjo. It is irrelevant but we are old enough to remember standing on roads while the likes of Gowon rode by. Your childish and stupid resort to the hominem device of "how old you are has absolutely nothing to do with anything, We never had constant light or water across most of Nigeria in fact most of Nigeria was not even on the National grid. The thermal station at Egbin in Lagos stated was built i 1981. In that area there was no electricity. Arcross the whole of Lagos Island u till 1984 and even 85 Human faeces was carried by night soil men in buckets on their heads and it was so across much of the state. So which water are you talking about?
I called you out on your claims on FDI answer that and quit muddying the water of discussion by writing a Phd on Nonsense

How much FDI entered since 1999 in the non-oil sector simple question.
Again you talk of Cuba and India what does any of that have to do with when I or when your father was born?

omonnakoda:
How old I am is irrelevant. I called you out on the nonsense you wrote about FDI since 1999> We certainly are old enough to remember everything about Obasanjo. It is irrelevant but we are old enough to remember standing on roads while the likes of Gowon rode by. Your childish and stupid resort to the hominem device of "how old you are has absolutely nothing to do with anything, We never had constant light or water across most of Nigeria in fact most of Nigeria was not even on the National grid. The thermal station at Egbin in Lagos stated was built i 1981. In that area there was no electricity. Arcross the whole of Lagos Island u till 1984 and even 85 Human faeces was carried by night soil men in buckets on their heads and it was so across much of the state. So which water are you talking about?
I called you out on your claims on FDI answer that and quit muddying the water of discussion by writing a Phd on Nonsense

How much FDI entered since 1999 in the non-oil sector simple question.
Again you talk of Cuba and India what does any of that have to do with when I or when your father was born?

Your abusive nature doesn't speak good of you. And you will describe yourself as coming from a sophisticated and respectful people? I always knew all that is eye service before the back-biting.

Yes, many of you jambites spew trash here. You only get to see them when jamb results are released. Because they completely misinterpret the little they glean from google.

What was the population of Nigeria/Lagos in 1981?
Has Nigeria developed at the same rate it did from 1970 to 1983 compared to 1983 to now?

Since you know it all, tell us the figures of all the investments.

AreaFada2:


Your abusive nature doesn't speak good of you. And you will describe yourself as coming from a sophisticated and respectful people? I always knew all that is eye service before the back-biting.

What was the population of Nigeria/Lagos in 1981?
Has Nigeria developed at the same rate it did from 1970 to 1983 compared to 1983 to now?

Since you know it all, tell us the figures.

What a stuupid thing to say .You don't know me but start talking rubbish about my age and wwhen I was born and then make your own assumptions.What has it got to do with anything?

What has population or development in 1981 got to do with your claim on FDI from 1999? That is what I am talking about address that claim that you made
Those things you mention do not reinforce your argument or claims
You are just adding all kinds of distractions and extraneous ideas.Not relevant!
You come here making assertions about your opinions and try to give them a pseudo-factual mien when it is all nonsense

omonnakoda:
What a stuupid thing to say .You don't know me but start talking rubbish about my age and wwhen I was born and then make your own assumptions.What has it got to do with anything?

What has population or development in 1981 got to do with your claim on FDI from 1999? That is what I am talking about address that claim that you made
Those things you mention do not reinforce your argument or claims
You are just adding all kinds of distractions and extraneous ideas.Not relevant!
You come here making assertions about your opinions and try to give them a pseudo-factual mien when it is all nonsense

Are you ok? You're very angry. Not good I tell you.

You mentioned Egbin & 1981 in ur post? Can you string thoughts, answer & reply together?
What population does Egbin has to supply now? Development is not just about doing, but adequacy of what is done.

Well, FDI has gone into agriculture. A German company Vicampro has a massive potato farm in Bokkos, Plateau. South Africans have also set up cattle farms in Nassarawa and other places in the Middle Belt/North. Then power sector to fund small power plants. The Chinese govt via their development bank has invested in railway too.

These are non-oil & gas. People in a hurry to totally condemn GEJ's government like to forget these investments over the last few years.

AreaFada2:


Are you ok? You're very angry. Not good I tell you.

You mentioned Egbin & 1981 in ur post? Can you string thoughts, answer & reply together?
What population does Egbin has to supply now? Development is not just about doing, but adequacy of what is done.

Well, FDI has gone into agriculture. A German company Vicampro has a massive potato farm in Bokkos, Plateau. South Africans have also set up cattle farms in Nassarawa and other places in the Middle Belt/North. Then power sector to fund small power plants. The Chinese govt via their development bank has invested in railway too.

These are non-oil & gas. People in a hurry to totally condemn GEJ's government like to forget these investments over the last few years.

According to you the economic boom since 1999 has been due to FDI as we can see in a potato farm in Plateau and Cattle farms in
Nassarawa.
You are the one who told us that I am too young to remember a Nigeria where there was light and water every where and I informed you that the biggest yes biggest generating plant in the whole country was built in 1981. This was in Egbin in Lagos state. This was a place that had no electricity and no water in fact Most of Lagos State territory had no Electricity. If that could be the case in Lagos state how much less Otuoke?
In Lagos the were carrying excrement on their head in buckets. NO there was no such Nigeria as you would have us believe. So please



Go back and read all the ridiculous nonsense you wrote about FDI creating a BOOM and all you can come up with is potato farm but here you are contradicting yourself and cannot even make up your mind what point you are trying to make .First you say investors are fleeing. What is it?

Get out of my face , you are a charlatan

omonnakoda:

According to you the economic boom since 1999 has been due to FDI as we can see in a potato farm in Plateau and Cattle farms in
Nassarawa.
You are the one who told us that I am too young to remember a Nigeria where there was light and water every where and I informed you that the biggest yes biggest generating plant in the whole country was built in 1981. This was in Egbin in Lagos state. This was a place that had no electricity and no water in fact Most of Lagos State territory had no Electricity. If that could be the case in Lagos state how much less Otuoke?
In Lagos the were carrying excrement on their head in buckets. NO there was no such Nigeria as you would have us believe. So please



Go back and read all the ridiculous nonsense you wrote about FDI creating a BOOM and all you can come up with is potato farm but here you are contradicting yourself and cannot even make up your mind what point you are trying to make .First you say investors are fleeing. What is it?

Get out of my face , you are a charlatan

Hahahahaha! Excrement & bucket. You heard stories. If only I didn't know Lagos then, I might believe it was like that all over Lagos. As if people don't poo in gutters and Lagoon in parts of Lagos now

You're too angry to put your thoughts together.

Until others follow Truworths physically leaving 9ja, you won't admit. He doesn't even know that most investments are not in brick & mortar. Hahaha.

Mr Guru, well done. As you travel wider and educate yourself better, you will realise you currently know nothing.

It is allowed, enjoy your youthful exuberance. Good luck omniscient guy.

mrmetoo1:


Ah!! 60%?? Lmao!! Where are you getting your information? Abeg what were they investing in that all of a sudden they pulled all that 60% back. What are the policies that caused that much panic that investors pulled 60% of our forex earnings?? Who are the investors? Bros no need to just be mischievous oil makes up 80% of our forex earnings, oil prices has gone to the toilet, forex now scarce... simple. What we need to focus on now is how we create more forex earner avenues.

Don't mind that id--iot!

Sincerely, this is making sense! Let there be no gab btw foreign and local manufactures. This system should have been introduced for long... this is helpful!

Nigeria, this is your time arise and let's see that great in you?

God bless our local manufacturers
God our economy
God bless the brains behind it
God bless Nigerians
God bless our Presidrnt
God bless Naija!!!

DeAfricana:
i think the writers a trying to make us believe that dolar scarcity, is good for our
economy but, the truth of matter is, the other way round.first
we dont have the factories, that can service ordinary
one tenth of our needs,and to solve that we needs more dolars for equipments
and other things.many of all this people you see going to other city to buy goods,
is not that those citys, are industrialized,the are just going to people who still have old stocks,
and when that finishes, the will have no choice than to start importing .and inflation we be the order
of the day

what better way to force the factories back online