Justcash:

@9ijaganga: What is the symbol of development?

tensor777:

Yet the federal budget is even under the 25 billion dollars you quoted. I would like a rough breakdown as to how you propose to spend such funds to build the eldorado of your dreams, without neglecting Education Healthcare and Defence and Security.

9jaganja:

If we can have Calabar and Abuja that beautiful, I think same can be done for the entire nation but food and education first. People always take development as sky scrappers blah blah blah  that is absolute nonsense. More businesses doesn't symbolize development either. Greedy elitist chumps

tensor777:

You think development in nigeria will come about by building ajaokuta -style industrial parks all over the place. What exactly are you on about.

Development should start with empowering the citizens through eradication of illiteracy and provision of primary health care.
That will foster self-reliance

tensor777:

An entrepreneur looks for business opportunities in whatever environment he finds himself. You can't keep whining and expect manna to fall from heaven.

tensor777:

Development should start with empowering the citizens through eradication of illiteracy and provision of primary health care.
That will foster self-reliance

tensor777:

What is amazing is that he is even talking about using federal funds to prop up  inefficient businesses

Kobojunkie:

We have millions of entrepreneurs already. I would go as far as to claim that Nigeria has 10 times more entrepreneurs than a country like great britain can boast of.  Why is the country still underdeveloped? I mean from the gala seller to the tailor next door  --- why is that formulae not doing the trick? Why is the country still underdeveloped if all that is needed is more people taking advantage of opportunities as you claim, to better their personal lots.

@Justcash

I don't know whether you are actually trained in economics or finance. But some knowledge of that would make you understand that development is a very complex issue.

It is not a matter of the FGN waving the magic wand of pumping more money into the system. You think any country with Nigeria' s demographics can develop by the FGN using its limited funds to prop up ailling local businesses?
Then what about Education, Healthcare, Defence and Security ?

Kobojunkie:

We have millions of entrepreneurs already. I would go as far as to claim that Nigeria has 10 times more entrepreneurs than a country like great britain can boast of.  Why is the country still underdeveloped? I mean from the gala seller to the tailor next door  --- why is that formulae not doing the trick? Why is the country still underdeveloped if all that is needed is more people taking advantage of opportunities as you claim, to better their personal lots.

Justcash:

Go and look at the definition of entrepreneurship. It is different from small business ventures. Anyway, the poor gala sellers don't grow because they are barely surviving. Most of them are in subsistent trade. They make 100 naira profit and spend it on food. They do it merely to survive in the harsh environment.
When I mean Entrepreneurs, I am talking about people that have substantial capital and collateral for loans, with big and innovative ideas that can generate more money and create jobs. Entrepreneurial ventures are more risky than small business ventures. It is one of the few entrepreneurs in Nigeria that makes the gala that are being sold. The factory that makes that gala is helping to employ alot of Nigerians. Imagine what will happen if such factories are many.

Kobojunkie:

Can we please stick with the dictionary definition instead?


[b]entrepreneur
noun

a person who organizes and manages a business undertaking, assuming the risk for the sake of the profit[/b]
Man if you didn't know, I am teaching you, An entrepreneur is different from a small business owner. There are lot of scholarly and business professional articles on the  difference of the two terms. It is left for you to learn or keep looking at the dictionary definition.  I aint here to teach you anyway.

Justcash:

Man if you didn't know, I am teaching you, An entrepreneur is different from a small business owner. There are lot of scholarly and business professional articles on the difference of the two terms. It is left for you to learn or keep looking at the dictionary definition. I aint here to teach you anyway.

tensor777:

Yet most of the world wide brands you hear about started as small  subsistence businesses. You on the other hand are talking about the FGN building Ajaokuta style  parks all over the place.subsidizing these entities, and expecting somehow that small businesses would survive such lopsided competition.

You really need to come up with a much more coherent model for national development.

Justcash:

Man, what are you talking about.
LISTEN! I SAID THAT THE NIGERIAN GOVERNMENT SHOULD CREATE AN ENABLING ENVIRONMENT FOR ENTREPRENEURIAL VENTURES TO FLOURISH BECAUSE THEY ARE VERY IMPORTANT TO THE DEVELOPMENT OF NIGERIA!
THEY SHOULD PROVIDE BASIC AMENITIES AND PROVIDE LOANS OR ENHANCE GOVERNMENT EXPENDITURE TO REDUCE INTEREST RATE AND ENCOURAGE INVESTMENT, WHICH WILL CREATE JOBS AND REDUCE UNEMPLOYMENT RATE. THIS WILL STIMULATE DEVELOPMENT.
Did you see anything about governmnent building businesses for people?
d

Kobojunkie:

Can we please stop this practise of trying to redefine already defined and understood terms in order that we may make some moot point? When you do that, it throws whatever point you were making out the window. Entrepreneurs are of all kinds -- big and small. We already have so many of them in Nigeria. That has yet to grow change the situation, simple!!

Kobojunkie:

And this is what we have been PAYING the government TRILLIONS OF NAIRA each year for so so long to do.

Justcash:

Man, what are you talking about.
LISTEN! I SAID THAT THE NIGERIAN GOVERNMENT SHOULD CREATE AN ENABLING ENVIRONMENT FOR ENTREPRENEURIAL VENTURES TO FLOURISH BECAUSE THEY ARE VERY IMPORTANT TO THE DEVELOPMENT OF NIGERIA!
THEY SHOULD PROVIDE BASIC AMENITIES AND PROVIDE LOANS OR ENHANCE GOVERNMENT EXPENDITURE TO REDUCE INTEREST RATE AND ENCOURAGE INVESTMENT, WHICH WILL CREATE JOBS AND REDUCE UNEMPLOYMENT RATE. THIS WILL STIMULATE DEVELOPMENT.
Did you see anything about governmnent building businesses for people?
d

tensor777:

He has not made any point whatsoever. He is just talking about the FGN spending non-existent money on industrial parks.

Kobojunkie:

And this is what we have been PAYING the government TRILLIONS OF NAIRA each year for so so long to do.

tensor777:

Your argument is stil lvery incoherent and shows a poor grasp of basic macroeconomics. In the fist place the FGN already spends more than it earns with a budget deficit of  about 15% of GDP. Hece increasing government expenditure will just increase the deficit or borrowing which would impact iadversely on interest rates.

tensor777:

I am getting very bored with this topic. None of the ideas you have come up with are sustainable which goes to buttress the point early posters made when they told you development is complex. Too complex in fact to discuss without advanced training in economics or finance

tensor777:

Lets be honest here. You don't pay taxes or live in Nigeria as far as I can decipher. I also notice that you favour spending  and tax cuts for government in America where you live and pay taxes, but surpisingly advocate tax and spend policies for government in Nigeria where you neither live nor pay taxes. Where is the consistency?

ode remo:

the problem with an over educated Nigerian is from my point of view, we know macro come micro economics, we give lectures day in day out , symposium iyen nko, but when it comes to the nitty gritty of putting bread and butter on the table for average fellow citizen we score Nil , zero. from Independence, we have failed to better the ordinary citizen.
do you guys recon all the above points our so called politicians do not know?

Justcash:

@9ijaganga: What is the symbol of development?