nextstep:
Secretary Patel raises some valid points, which should be addressed, but I can't believe this article was written with good intentions, and I would not be entirely surprised if she has some pecuniary interest in this company. This article reads as a thinly veiled attempt to threaten FG.

1. She talks about investing and FDI in Nigeria as if it's a charity operation. How much more money do they stand to make from Nigeria? Africa might be seen as the more risky part of an overall balanced portfolio, but it is their most profitable (risk vs reward).

2. She mentions ONE company's experience, without expounding on how the company got the deal (was it openly bidded for, or did money exchange hands; did the company overpromise, overcharge, as is their wont), and uses that as a basis to make investors wary. Could we also be educated on the many many success stories of UK companies in Nigeria? Purely from a statistical perspective, most ventures are doomed to fail (for a multitude of reasons), so I don't think one failure is enough to damn an entire process.

3. Nigeria currently imports petrol, but not for long. Any investor would know about the oncoming refinery in Lekki, and can imagine what that will do for purchasing power and GDP once dollars are no longer diverted for imports of fuel.

4. I'm not a big fan of PMB nor of his anti-corruption drive (and it's obvious selectiveness), but even I have to admit that the rampant bold-faced stealing has reduced (it may now be covert, but at least, people are taking notice, especially in the opposition parties :-).

5. Buhari has made the Naira stable for over 1 year in both parallel and official markets... something I don't remember ever happening in any other administration, which is actually an indication of a sensible policy that should encourage investors. I don't like many things about this administration, but we cannot deny this fact.

6. She talked about corruption in Nigeria's public sector... she should also give recommendations for reducing corruption in the UK private sector, that is all too happy to take ill-gotten monies and invest it in their economy.

"Buhari has made our naira stable for over one year"


Joker!


the central bank has burnt over $11b this year to keep the naira stable this year alone.

money gotten via increase in oil prices


Let the oil price tank again, and let's see how the CBN and this satanic government will continue to run this scam

We now have international wailers against PMB.
They are free to join the chorus.. ..

None-sense...

When they do their backyard deals and get unwholesome agreements signed they expect fools to follow up

Let them release outstanding Nigeria funds first or go to hell...
This is not about going to court, the court should first investigate the situation and conditions leading to signing such useless deals.

Who else has noticed that they are careful not to mention who signed the agreement and under whose government.

Africans are smart, say we stupid most times na just our birthright ..lol

this is so sad to read
our image has been tarnished and trampled upon

Ugosample:


"Buhari has made our naira stable for over one year"

Joker!

the central bank has burnt over $11b this year to keep the naira stable this year alone.

money gotten via increase in oil prices

Let the oil price tank again, and let's see how the CBN and this satanic government will continue to run this scam

But is it not a fact that the Naira has remained stable for 1 year? I'm not a fanboy, but you have to admit this is true. Even when oil was rising in previous administrations, Naira fell in value. How they do it is another question, but it has been stable, unlike any other time - and that helps investor confidence. Seeing that your investments won't just lose value in six months because of depreciating currency.

2extremes:
Making Nigeria great is in the hands of Nigerians. We can make it with or without them.

How, bro? Cos many nigerians are definitely going to vote for the wrong person come 2019. Wr simply need God's intervention.

nextstep:


But is it not a fact that the Naira has remained stable for 1 year? I'm not a fanboy, but you have to admit this is true. Even when oil was rising in previous administrations, Naira fell in value. How they do it is another question, but it has been stable, unlike any other time - and that helps investor confidence. Seeing that your investments won't just lose value in six months because of depreciating currency.

My son used to be between 5th and 9th position in a class of about 60 pupils then he started sliding term-by-term gradually to 12th, 16th, 21st. . . till he got to 35th!

Then he got to 45th and maintained that position for 1 whole year and his teacher told me to commend my son because he's been able to maintain being worse academically than about 75% of the class because, it could have been worse.

It's even embarrassing to be typing this. Gosh!

maestroferddi:
Who be this one?

The last time I checked, this country cannot be called a powerful nation ...

You don't make out as a maverick when you need to attract foreign direct investment to jump-start your comatose economy.

You are giving a thoughtless justification for the government"s display of lack of tact and finesse...

Who will lose by this de-marketing of the nation?

It will make no difference.
No country gets rich from foreign investment.
That is a myth.
Wealth and development must be home grown.

The Chinese are investing more in Africa than the West and are not hung up on all that nonsense you read in textbooks.
Those are the investors we need not hypocrisy from the West most of which are broke with negligible economic growth

0monnak0da:

It will make no difference.
No country gets rich from foreign investment.
That is a myth.
Wealth and development must be home grown.

The Chinese are investing more in Africa than the West and are not hung up on all that nonsense you read in textbooks.
Those are the investors we need not hypocrisy from the West most of which are broke with negligible economic growth

And your empty head tells you that there would no consequences from Buhari 's misguided decision to trade Nigeria off to China?

The day APC took over power in this country will remain the darkest day in our history...

maestroferddi:
And your empty head tells you that there would no consequences from Buhari 's misguided decision to trade Nigeria off to China?

The day APC took over power in this country will remain the darkest day in our history...

Your father's head is empty

0monnak0da:

Your father's head is empty

Awon omode satani...

nextstep:


But is it not a fact that the Naira has remained stable for 1 year? I'm not a fanboy, but you have to admit this is true. Even when oil was rising in previous administrations, Naira fell in value. How they do it is another question, but it has been stable, unlike any other time - and that helps investor confidence. Seeing that your investments won't just lose value in six months because of depreciating currency.

the dollar has been stable because of the reason I put up there

The naira was even more stable in the last admin, up to the tail end of the admin.

So it's nothing really special because the CBN as usual is burning our reserves to keep the price stable, And when oil price shakes, there will be less dollars to defend the naira with, and the currency sinks

That has been the game

0monnak0da:

It will make no difference.
No country gets rich from foreign investment.
That is a myth.
Wealth and development must be home grown.

The Chinese are investing more in Africa than the West and are not hung up on all that nonsense you read in textbooks.
Those are the investors we need not hypocrisy from the West most of which are broke with negligible economic growth

you are a BIG JOKER

Don't you know that most of the Asian tigers were fuelled by foreign DIRECT investment?

Especially Japan and China

And FYI, China has far more investments in the USA alone than the combined GDP of Africa put together

China invested more than a trillion USD on U.S. securities ALONE
not to talk of the businesses they are buying up there, and in Europe

Western countries are "broke" you say



wetin man no go see for nairaland

Ugosample:


you are a BIG JOKER

Don't you know that most of the Asian tigers were fuelled by foreign DIRECT investment?

Especially Japan and China

And FYI, China has far more investments in the USA alone than the combined GDP of Africa put together

China invested more than a trillion USD on U.S. securities ALONE
not to talk of the businesses they are buying up there, and in Europe

Western countries are "broke" you say



wetin man no go see for nairaland

You are s cretin
China is a CREDITOR of the USA
Has China succumbed to all the externally imposed Western mantras of
Rule of law
Arbitration in foreign courts and other nonsense western agendas aimed to limit sovereignty
The fundamental is human capital .
Japan and Germany were superpowers before WW2
both were devastated by war and fuelled by a Marshall plan which was Political investment.
Those economies had a different human capital profile.
Without quality people money means nothing and that is why Saudi Arabia and other oil economies have trillions invested outside their country


The idea of Asian economies fuelled by FDI is a myth. Textbooks stuff.
So if we pay this bogus $9 billion investment will flow in?
You are funny.
Our human capital profile is the reason we do not get investment.
The same reason why a devastated Germany is the top economy in Europe today with German companies
Siemens
BMW
Bayer
Mercedes
Volkswagen etc
Those are not products of Foreign investment

Sony
Matsui
Toyota
Nissan
Honda
Mitsubishi

Are not products of Foreign investment

Without your own multinationals your country will be a B league player

India is more open to all that the West has been preaching, why is India less successful than China?


Human capital

0monnak0da:

You are s cretin
China is a CREDITOR of the USA
Has China succumbed to all the externally imposed Western mantras of
Rule of law
Arbitration in foreign courts and other nonsense western agendas aimed to limit sovereignty
The fundamental is human capital .
Japan and Germany were superpowers before WW2
both were devastated by war and fuelled by a Marshall plan which was Political investment.
Those economies had a different human capital profile.
Without quality people money means nothing and that is why Saudi Arabia and other oil economies have trillions invested outside their country


The idea of Asian economies fuelled by FDI is a myth. Textbooks stuff.
So if we pay this bogus $9 billion investment will flow in?
You are funny.
Our human capital profile is the reason we do not get investment.
The same reason why a devastated Germany is the top economy in Europe today with German companies
Siemens
BMW
Bayer
Mercedes
Volkswagen etc
Those are not products of Foreign investment

Sony
Matsui
Toyota
Nissan
Honda
Mitsubishi

Are not products of Foreign investment

Without your own multinationals your country will be a B league player

India is more open to all that the West has been preaching, why is India less successful than China?


Human capital

China buying US securities (which most are debt anyway ) make them an investor in the U.S.

don't you know that if you buy Nigerian equity and debt instruments, you are an investor?

AND YES!

Asia was powered by foreign capital.

When they had that crisis in the mid to late 1990s and the Western investors pulled out their investment, what became of them

They were all in big shit, and had to run to the IMF

Especially south Korea, and Malay and Singapore


Even Germany that you are talking, do you know that it's a Chinese consortium that owns the largest individual stake in Mercedes?


All these Nissan and the rest are powered by foreign capital,

even though they were started by people from the country

Without that foreign injection, these companies would not have expanded the way they did

it's not textbook stuff, I've seen it with my eyes.


And yes, India has done very well, and the foreign capital has helped them a whole lot, that they now run the IT and Health sectors
China does not come close to India in that respect

Their Shenzen is just coming up, Bangalore has been there long before


it's just that China is not a democracy and thus can pursue people out of theur villages, confiscate land and build a shiny city

You can t do that in India or Nigeria

And Both China and India are too
6 economies in the world, so it's not bad


I'm not saying Nigeria should pay up the money just like that, they should investigate the things and reach an amicable solution


my annoyance is the general hostile behaviour of the Nigerian govt to foreign investment


Nigeria will remain a $hithole for a long time if they continue like this

But youare right on one thing tho

Human capital is KEY

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Good to invest here