kossyablaze:
Body Odour everywhere!....I regret voting this brainless dullard!Pls forgive me wailers! I was naïve and brainwashed.My eyes don clear now

remmydada:


a day is coming that you will eat your words

247notire:
See eh, ask anyone around you how to get to medina estate. It's like the most popular estate in gbagada phase 1. Look for one of my obscure posts and quote me with ur phone number let's talk. It's a cool night to hang out...

Chukazu:


guy. true federalism has got nothing to do with FDI.
so what happened in the years that WE were top Of FDI and still had no true federalism?

what happened to countries like Egypt that you mentioned, who had state of emergency in it constitution and still made billions from FDI?
THE issue of economic fundamentals and less of constitutional matter like true federalism

flokii:


you sir.. should be ashamed of ursef

so your prayer is for this country to degenerate.. all cos of ur "tribal bias" and hatred towards Buhari..

better sit down and think... Nigeria will move forward regardless of what any pessimist feels

wristbangle:
The reason why ivory coast displayed Nigeria is because of stability in government, full power supply, zero tolerance for corruption and focus on agriculture.

This is not about buhari affairs alone. It's about the failed system of government from the 80's.

I hope Nigeria diversify quickly to other non sectors hence provide employment for youths and fix epileptic power supply to encourage investors.

Nobody wants to be spending on diesel for power generation. It's far expensive when compare to hydroelectric source of electricity.

sunkieisland:


i like it when i see people that objectively analyze a situation, no Nlanders that put the blame of everything ominous on d president.


You have a sleepless night.... Na Buhari cause am


You are unable to poo, ....




Nigerians should grow up and embrace the real virtues of nationhood.




Americans didn't blame their leaders like we do here, during d great depression


#NaijaisGreat....let's live accordingly

Idrico:
Let them go there if the country have the market.Nigeria will still remain No1 in Africa.

aloeman15:


She's actually right.
And buhari did promise true federalism.
Whether he knew the meaning is another matter.
You can't grow an industry on gen.
You can't grow crops with marauders.
You can't attract investment without a budget.
You can't convince Investors with a fraudulent budget.
You can't assure stability without rule of law.
You can't raise morale with a long suffering people (go ask the israelites of egypt).
You can't even retrieve stolen assets without records.
But most of all, you can't join the league of developed nations without educating and enlightening every man, woman and child.
You want a great nation?
Solve the last problem.

Dragonking:
But you were blaming GEJ abi? Hypocrite!!!

Chukazu:


but seriously, what you posited doesnt tally with the topic of discussion

aloeman15:

The very reason why we haven't been able to diversify is because we're not practising federalism. States had no reason to develop their assets because of oil money. All diversified economies have withstood the downturn much better than we have. More importantly, osun state would have more than 6m for february- because her assets would have been generating revenue, long before the oil slump and would use the slump to showcase it's current and future exports for potential investors, both local and foreign.
Do you see the connection between fdi and federalism?

And i was referring to israel's slavery under egypt. Moses, remember?

criminalmindz:

Nigeria was no1 investors heaven in africa cus Goodluck was there

Dragonking:
Diversify to where? Is it not the same dullard that said North east will soon start oil exploration? Better wake up, APC na scam...Hope ur name came out in the coded apc- CBN employment list?

Idrico:
What happened when PDP rigged for Wike?

kolokolobi:
I had posted something related to this in answer to a question by a nairalander. It's here below and hope it helps on this topic.
Firms make foreign direct investment decisions based on certain factors. These could be firm specific factors ranging from revenue drive, following a competitor to a new market in another country, the strain of the liability of foreigness which includes distance language culture and country specific advantages, identification of a viable and vibrant market in terms of size and economy of the target demographics.
There are certain factors that make a country attractive to FDI. These include legal issues, investment laws that bother on allowed ownership structures, tax holidays if any, are it's laws similar in style from country of origin of the FDI etc. Security is another consideration. Infrastructure.... Power roads transport Internet ports banking etc. Then institutions...... Police judiciary arbitration panels customs immigration etc... Are they operating at best practice levels. Furthermore the foreign exchange regime.... Can I get my profit out without stress. Another consideration is polilitical... Is it a democracy? Is there a possibility that the government and governance is unstable and so will translate to unstable policies.
All the issues raised above are major considerations for FDI and no one wants to take their funds to invest in a country where the outlook for these factors are either vague or unhealthy. As I type this Nigeria does not look good. There's a competition out there for this FDI and countries that know the implications are doing all that they can to put these issues which form country specific advantages in the right position. Any one of these not put in place is a risk and nobody likes taking risks or at least let the risk be minimal. For Nigeria to attract FDI I've identified 3 areas that must be tackled.... Security, infrastructure and institutions.
If I may discuss further.
Security: It's a no brainer what the book haram issue has meant to the business climate. The firm I work with had a couple of opportunities in the outgoing year in the north east of Nigeria. We turned them down. How do you feel foreigners who have security alerts from their various countries and embassies will feel. I've seen expertriates riding with armed guards all over the place and I tell you non is happy about it. Some firms even pay special hazards allowances for staff deployed to Nigeria. This adds to the cost of doing business generally and it's not attractive. This is not to say that security is perfect even at the countries of origin of FDI but it should be minimal and seen as controllable and manageable. Can we recall the spate of kidnappings for ransom etc. I can see why the current zero tolerance for any uprising is quashed with albeit in overkill I must admit. Business and I dare FDI thrives in an atmosphere of peace and tranquility.
INSTITUTIONS: We must be quite familiar with some unwholesome acts going on at the ports. Under hand deals, blatant request for bribes from all quarters even for people to carry out their paid jobs. Scandals from the judiciary, customs, immigration police. All operating below part in terms of ethics. The civil service filled with tin gods that see your legitimate request on their table as am opportunity to shake you down not minding the effects of this behaviour on the long run. The culture of nothing moves unless someone's palm is greased has to stop. There has to be an integrity in the system to promote trust that if we bring our business to Nigeria things will be done properly in good time without any hassles. I'll add here that a lot of people did not understand what the South African govt was doing when they decided to broadcast live the high profile case involving the blade runner Oscar Pistorious murder trial to the whole world. They wanted to show the world that our judiciary can be trusted to fair and firm. That we are transparent and even prompt. On that back drop imagine the rigmarole and opaque system in Nigeria. The world is watching. The people that are in a position to know these things behave like children unfortunately.
INFRASTRUCTURE : have you wondered that the largest economy in Africa is operating on about 5000 watts of power. Even smaller SA is operating on four times that amount. It is laughable really. So generating your own power is a consideration to be made by an FDI aspirant. It cost loads to generate private power. Weak transport outlay is not beneficial to consideration too as the movement of people goods and services is a key factor in ensuring success.

Finally you may say but other foreign companies are still operating in Nigeria. Yes they are... The high population is so so attractive but you may also be aware that they are outsourcing some of the aspects of their businesses to Benin and Ghana for ease.

Dollyak:

Unfortunately, it wouldn't to an average you. That is one of many chains of problems.

kossyablaze:
Body Odour everywhere!....I regret voting this brainless dullard!Pls forgive me wailers! I was naïve and brainwashed.My eyes don clear now

Pavarottii:

Don't fool urself, we were number one because of GEJ managed the country well and created a business friendly environment. If u mismanage d saame country. U can never be number 1 again. Stop thinking like a zombie. Be logic, intelligent and rational in ur thoughts.

aloeman15:

Neighbour,
Have you blamed gej today?
2015 budget was passed in may. Have you asked buhari what he did with the money?
Don't hold you servants to account, eh? Be like israelites of old, wailing about the past.
Abi na pdp and ipod produce report?
*Modified-
Ah! Sori oh, bros.
You were asking about allocation?
I bin no see dat pat o!
What state do you reside in?
What have your party's governors done with their allocations since 1999?!
Abeg, boast giv us, make we hear beta gist!

fairheven:
I

Your problem is comprehension... A dose of it can be a "chain"

kossyablaze:
Body Odour everywhere!....I regret voting this brainless dullard!Pls forgive me wailers! I was naïve and brainwashed.My eyes don clear now

wristbangle:

Intelligent comment. The best in this thread. I hope y'll will read this talented view.
God bless u sir.

neolboy:
Chai, Baba destroying the economy GEJ and co fought so hard to make

wristbangle:


Sir, na because oil peak ni oo! Forget zombie/wailer ish, GEJ siphon money too much abeg.

kossyablaze:
Body Odour everywhere!....I regret voting this brainless dullard!Pls forgive me wailers! I was naïve and brainwashed.My eyes don clear now