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Here Are 6 Ways You Can Develop Nigeria's Economy - Politics - Nairaland

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Nigeria's Economy Is In Danger - Okonjo-Iweala / Why Did Military Not Develop Nigeria Like Their Counterparts In Other Countries? / The Only Way To Develop Nigeria. (1) (2) (3) (4)

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Here Are 6 Ways You Can Develop Nigeria's Economy by igbo2011(m): 9:17am On Mar 04, 2012
I have an idea that will develop Nigeria's economy. Check out this site that I created www.nigerianedp.com

If millions of Nigerians inside and out of Nigeria can follow these rules then Nigeria's economy can get better. This will create thousands of jobs and it will make Nigeria safer. When people have jobs then there will be fewer crimes. Here are 6 simple things that Nigerians can do to make Nigeria's economy better.

1. Buy Nigerian clothes
2. Go to tourism in Nigeria.
3. Watch Nigerian sports leagues
4. Invest in Nigeria
5. Buy Nigerian products
6. Buy Nigerian art

Like us on Facebook: http://www.facebook.com/#!/pages/Nigerian-Economic-Development-Plan/278164788911610

Follow us on twitter: @nigerianedp

Ever since the beginning of this year, I have only bought Nigerian clothes and products. I plan on doing all 6 of these things once I get more money.
I am sick of seeing Nigerians spending millions of dollars on European and American clothes. If we spend this same money on Nigerian clothes then more people will become tailors and this will create jobs. I see many Nigerians going to tourism in outside of Africa and they spend thousands abroad. If they did tourism in Nigeria (or at least Africa) then this will put a lot of money into the economies. We need to buy Innoson cars instead of Ford. Toyota didn’t become great out of nowhere, many Asians supported them and they finally got big. Nigerians need to support Innoson so it can become as big as Toyota. We import too many cars and this make forex leave Nigeria we need to be producing our cars and exporting the, If you don’t do these things in Nigeria then do it for Africa.

If you know any companies that PRODUCE in Nigeria then let me know so I can add them. Also give me ideas to make the site better. Email me at info@nigerianedp.com

This is just the beginning, I plan on creating a site for other African countries so all Africans can buy each other’s products. This will reduce poverty in Africa through economics. We need more trade not aid!!

Please post this on your facebook or twitter page so more people can know about it. I am not making any money off this site, I am actually losing money but I love Nigeria so much I am willing to lose money to develop Nigeria.

Thank You!!

1 Like

Re: Here Are 6 Ways You Can Develop Nigeria's Economy by igbo2011(m): 7:30pm On Mar 04, 2012
This is very important, why isn't anybody responding?

1 Like

Re: Here Are 6 Ways You Can Develop Nigeria's Economy by AfroBlue(m): 8:02pm On Mar 04, 2012
@Dr. Igbo2011


Great info with titanium solid ideas. I saw the thread yesterday but neglected to post a bump up thread or pay an complement to this important lucid thinking.

1. Buy Nigerian clothes
2. Go to tourism in Nigeria.
3. Watch Nigerian sports leagues
4. Invest in Nigeria
5. Buy Nigerian products
6. Buy Nigerian art


___________________________________________________________

Supplement (Authors fail to mention looted assets parked offshore)



Nigeria: A Marshall Plan for Nigeria, By Nigeria

By Witney Schneidman and Mwangi Kimenyi, 29 February 2012

guest column

Will President Goodluck Jonathan be successful in managing Nigeria's myriad challenges and achieve his goal of transforming the country into a modern and prosperous nation?

Jonathan made a positive first impression. Plucked from relative obscurity to be vice president to an enigmatic and ailing President Umaru Yar'Adua, Jonathan moved deftly to seize the reins of power.

Once he became president following Yar'Adua's death, he acted decisively to install his own cabinet. Jonathan was subsequently elected president with a clear mandate in elections that observers described as among the most successful in the country's 50 years of independence. He has overseen an amnesty program that has significantly diminished the insurgency in the oil-producing Niger Delta. He appointed some very talented and experienced individuals to office. Economic growth was 7.4 percent in the third quarter of 2011, according to the World Bank.

Over the last several months, however, Jonathan has appeared to falter.

With deadly attacks on the United Nations headquarters in Abuja, Christian churches and targets throughout the north attributed to Boko Haram, a radical Islamist sect, the Nigerian government initially seemed incapable of responding effectively. The recent shake-up of the army high command was overdue.

However, the perception of Jonathan's ineptness deepened last month when his government announced the removal of a popular but expensive fuel subsidy that led to violence and work stoppages throughout the country.

While the government and labor unions ultimately struck a deal to reduce the subsidy, Jonathan's administration was put on the defensive.

Underlying the security threat posed by Boko Haram in the north and the bungled handling of the oil subsidy is a vast deficit of trust between the Nigerian government and people. There is little confidence among average Nigerians that any decisions made by the political elite will be independent of rent-seeking and corruption.

Observers question whether Jonathan can tackle the economic, ethnic, social and religious problems in the north while moving forward on economic reforms.

However, Goodluck Jonathan is not the first leader to face challenges of seemingly overwhelming proportions. One can look at the history of the United States to find similar parallels.

During his first term, President Franklin Roosevelt inherited the Great Depression in which one in four adults were out of work, an equal number were underemployed and nearly 50 percent of America's children did not have adequate food, shelter or medical care. Roosevelt responded with the New Deal which sought to provide relief for the unemployed and poor, recovery of the economy and reform of the financial system to prevent another depression.

More recently, in the late 1980s, as Harvard's Ezra Vogel writes in Deng Xiaoping and the Transformation of China, the Beijing government nearly collapsed under the pressures of high inflation and the failure of martial law following the Tiananmen Square tragedy. The Chinese government's sense of desperation was further heightened by the fall of the Soviet Union and Eastern Europe and the demise there of Communist rule.

Deng responded in early 1992 by setting out on his "Southern Journey" in which he challenged the provinces in the south to catch up with the "four dragons" of Hong Kong, Singapore, South Korea and Taiwan within 20 years. His commitment to rapid reform and opening up China to the global economy in a time of national uncertainty set China on its path of unprecedented economic growth and modernization.

Nigeria does not face an existential threat from within but like Roosevelt and Deng, Jonathan faces some very difficult choices.

Two years ago, the respected American diplomat and former ambassador to Nigeria, Princeton Lyman, warned that Nigeria faced "irrelevance" in Africa and as a strategic partner due to its poor track record on governance, transparency and inclusive economic development.

Since then President Jonathan has raised the possibility that Nigeria's future can be different. The government, however, needs to respond convincingly in key areas, especially in the north where more than 75 percent of the people live below the poverty line.

Therefore, the Jonathan administration should consider initiating a development program for the north reflective of the Marshall Plan that led to the reconstruction of Europe after World War II.

Officially known as the European Recovery Program, the Marshall Plan re-imagined governance and reconstruction in war-ravaged Europe. It was designed by the U.S. together with European governments to remove obstacles to create jobs, rebuild industries and return prosperity to the region.

Northern Nigeria needs a transformative development initiative specifically tailored to the region's circumstances.

A well-crafted program that has the support of Abuja and the northern state governments should be a national priority. The program's success would be dependent on the participation of all Nigerians, including the public and private sectors, education institutions and civil society, especially religious and cultural leaders. Nigeria's key partners, the United States, the European Union and China, would also have a stake in the program's success.

Despite these challenges, Nigeria will continue to move forward. Morgan Stanley projects that the country's economy will overtake South Africa's by 2025, making it the largest on the continent second only to Egypt.

The more pressing question is whether the government will be able to create an equality of opportunity for all Nigerians and a deeper sense of national unity and patriotism.

The late President Yar'Adua, a northerner, helped to resolve a security and economic quagmire in the southern Niger Delta. President Jonathan, from the southern state of Bayelsa, has an opportunity to initiate a similar process in the north. For Nigeria, the stakes are high but with Jonathan's leadership the prospects for genuine progress are encouraging.

Witney Schneidman, a former Deputy Assistant Secretary of State for African Affairs in the U.S. government, is now special adviser at the Africa Growth Initiative at the Brookings Institution in Washington, D.C. Mwangi Kimenyi is the director of the Africa Growth Initiative.
Re: Here Are 6 Ways You Can Develop Nigeria's Economy by manowar1: 8:28pm On Mar 04, 2012
No body will reply because Nigerians are really suffering right now and sorry no hope from anybody to buy nothing you mention above.
Re: Here Are 6 Ways You Can Develop Nigeria's Economy by aljharem(m): 8:54pm On Mar 04, 2012
Interesting

Nigeria is developing but at a very very veryyyyy slow rate. Take for example within 10 years aka a decade in Nigeria, we have developed the following

1. Multinational banking sector, Grantee trust bank, Oceanic etc

2. Multinational telecommunication, Globacom etc

3. Mulitnational digital tv- Hitv

4. Mulitnational stations - Ait, Silverbird

5. top 10 tallest buildings in Africa of which Nigeria would hold 4-5

6. An indigenous car manufacturing company- Innoson cars

7. The largest market in West africa - Onitsha

8. The largest oil company and indeed mulitnational indigenous oil company - Onado

9. Movie and cinema centre of africa and 2nd largest in the world - Nollywood

@OP my brother, we are getting there, slowly but surely

The FG just approved Innoson cars and plan to patronize them. Lets give Innoson another 8-15 years, I believe it should be at par with ford etc maybe not toyota but we would get their wink

1 Like

Re: Here Are 6 Ways You Can Develop Nigeria's Economy by aljharem(m): 9:07pm On Mar 04, 2012
BTW my brother, have you realised the once Eko Atlantic is finished Insha Allah, Nigeria might just be a tourism stop for people. with Calabar, Lagos and Abuja being at the top couple with Owerri, Kaduna, sokoto and Osun being the history centre.

Then we go to indigenous owned national carrier. for example Bellview etc would do.

Things are working in Nigeria but it is sad that our myopic leaders and people are too selfish to realise the profit they can also get from these things.

Very sad
Re: Here Are 6 Ways You Can Develop Nigeria's Economy by igbo2011(m): 10:02pm On Mar 04, 2012
@alj harem
Yes billions of dollar sin forex can come to Nigeria with tourism, Boko Haram and kidnapping need to stop and Nigeria will be a haven for Tourism in Afriaca. We can compete with Kenya we have safaris plus, history. There is going to be an African Heritage City that is coming, it will be a African history theme park.

@man-o-war
Nigerians spend alot of their money on foreign clothing. If we spent it on NIgerian clothing then this will be better for the economy.

@Afro+blue
Thanks I appreciate it. I am trying to make Nigeria a better place. The government can't do everything, the people's mindset need to change. We must love ourselvs and learn about our great history so we can be proud of where we came from.
Re: Here Are 6 Ways You Can Develop Nigeria's Economy by Nobody: 12:11am On Mar 05, 2012
@Igbo2011

Economics 101.

You may have good intentions, but I am sorry to say that you are fighting an already lost battle. The ship is sinking and you are still asking of what music to play. Good intentions alone doesn't solve matters of such magnitude facing Nigeria.

Here is a food for thought;

A nation without a philosophy is like a ship without rudder.

The Nigeria project is fundamentally flawed. If it were to be corrected, a new manifesto has to be written enshrined in the psyche of every Nigerian.

There is no value consensus amongst the citizenry, hence, the lack of will. 

The Bani m Mbaka or Nwaboy Economy which includes the shallow service economy still holds sway. Thus, the stagnation and very slow growth.

Nigerian/Nigerians are still yet to redeem themselves before they move ahead into the 21century. The question is; who has the patience and when will it happen? 

We are not even talking of the politicians and other shisms. Jah rastafaria. I can go on and on cool.

Just being pragmatic cheesy. Shalom.
Re: Here Are 6 Ways You Can Develop Nigeria's Economy by ektbear: 12:51am On Mar 05, 2012
Fix electricity, and I will invest in Nigeria
Re: Here Are 6 Ways You Can Develop Nigeria's Economy by aljharem(m): 1:03am On Mar 05, 2012
igbo2011:

@alj harem
Yes billions of dollar sin forex can come to Nigeria with tourism, Boko Haram and kidnapping need to stop and Nigeria will be a haven for Tourism in Afriaca. We can compete with Kenya we have safaris plus, history. There is going to be an African Heritage City that is coming, it will be a African history theme park.

Yes you are right, BTW, I forgot Dangote wink
Re: Here Are 6 Ways You Can Develop Nigeria's Economy by AfroBlue(m): 6:24pm On Mar 05, 2012
Re: Here Are 6 Ways You Can Develop Nigeria's Economy by aljharem(m): 10:03pm On Mar 05, 2012
.
Re: Here Are 6 Ways You Can Develop Nigeria's Economy by aljharem(m): 10:05pm On Mar 05, 2012
.
Re: Here Are 6 Ways You Can Develop Nigeria's Economy by AfroBlue(m): 3:31am On Mar 06, 2012
Knowledge already supplied


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Re: Here Are 6 Ways You Can Develop Nigeria's Economy by AfroBlue(m): 3:36am On Mar 06, 2012
An guaranteed learning classic!


The Richest Man in Babylon by George S. Clason. TABLE OF CONTENTS. First Published in 1926.


http://www.ccsales.com/the_richest_man_in_babylon.pdf


The Richest Man in Babylon (book)

http://en.wikipedia.org/wiki/The_Richest_Man_in_Babylon_%28book%29
Re: Here Are 6 Ways You Can Develop Nigeria's Economy by AfroBlue(m): 3:39am On Mar 06, 2012
Another one.

Teaches you how to use your subconscious mind to achieve goals

Think and Grow Rich

http://en.wikipedia.org/wiki/Think_and_Grow_Rich





http://soilandhealth.org/03sov/0304spiritpsych/030413.Hill.Think.and.Grow.Rich.pdf
Re: Here Are 6 Ways You Can Develop Nigeria's Economy by igbo2011(m): 7:28pm On Mar 06, 2012
Iti s crazy how this is not on the front page and it has the opportunity to make Nigeria a better place but other posts are that aren't as important :/
Re: Here Are 6 Ways You Can Develop Nigeria's Economy by AfroBlue(m): 3:53am On Mar 07, 2012
I read several of these classics. Nothing beats trying to learn the economic strategies of the top global players.


The Smartest Books We Know
FORTUNE offers the ultimate reading list: 75 books that teach you everything you really need to know about business.

By JERRY USEEM
March 21, 2005

(FORTUNE Magazine) – In a perfect world, we'd each have our own consigliere. You know, a Robert Duvall, an oracle of Delphi--someone to follow us around 24/7 and whisper wise words. Paper, not plastic. Google, not Infoseek. No, your boss will not enjoy your Mr. Burns impression.

But wait. You do have a wise counselor at your disposal--one that will sit patiently until called upon and even fit in your bag. It's called a book. During the Cuban missile crisis of 1962, John F. Kennedy took counsel from Barbara Tuchman's The Guns of August and its account of Europe's stumble into World War I. "I am not going to follow a course," the President told his brother, "which will allow anyone to write a comparable book about this time, The Missiles of October."

You can't always have the perfect book at the ready. But you can have the perfect reading list on hand. Which is why FORTUNE called upon its staffers to select 75 books that will stir your brain--and maybe even stir you to action.

This isn't some dusty business-book Hall of Fame. For one, some of these "business books" aren't really about business. Barnes & Noble might shelve Michael Lewis's Moneyball in the sports section, but it has more to say about investing (and hiring) than any consultant's text. Also, it's not boring. My Years at General Motors is boring--even if it is a classic.

Some classics we love. Reminiscences of a Stock Operator was penned in 1923, but it still holds its own next to Barbarians at the Gate. Neither of those is a how-to book--and in general, we've avoided titles that self-consciously dispense wisdom in favor of those that embed it in a great read. And there's nothing better than the source. Because why read about Warren Buffett when you can read Warren Buffett himself?

It would, of course, take about 75 years to read everything here. But here's our own piece of advice: Don't resist starting a book just because you don't have time to finish it. Open the cover. Read the intro. Skip to Chapter 9. Or simply save this list and put it in a drawer. Because there's gold in them thar books. And they're just waiting for you to mine it.

Booms and Busts

THE GREAT CRASH 1929 by John Kenneth Galbraith (1955). This concise, insightful history has never been out of print since it was first published. Why? "Every time it has been about to pass from print," Galbraith himself wrote in 1997, "another speculative bubble ,  has stirred interest in the history of this, the great modern case of boom and collapse."

EXTRAORDINARY POPULAR DELUSIONS AND THE MADNESS OF CROWDS
[/b]by Charles Mackay (1841). This chronicle of Holland's tulip mania of 1634 and the South Sea Bubble of 1720, among other irrational crazes, is an engaging, perceptive account of humanity's urge to plunge itself into speculative frenzies.

FUNNY MONEY by Mark Singer (1985). For sheer entertainment value, Singer's tale of the fall of the Penn Square Bank in Oklahoma--one of the first of the inside-a-scandal books--has never been topped.

THE GO-GO YEARS: THE DRAMA AND CRASHING FINALE OF WALL STREET'S BULLISH '60S by John Brooks (1973). Brooks, the late New Yorker writer, dissects the 1960s mutual fund boom with a panache that business writing hasn't seen before or since.

The Corporation

BARBARIANS AT THE GATE: THE FALL OF RJR NABISCO by Bryan Burrough and John Helyar (1990). This story of an iconic deal, the $25 billion leveraged buyout of RJR Nabisco (co-written by a FORTUNE senior writer), has all the stuff of great business journalism--skullduggery, cigars, trophy wives, and enough greed to sink Wall Street. Wretched excess has never read so well.

BUILT TO LAST: SUCCESSFUL HABITS OF VISIONARY COMPANIES by Jim Collins and Jerry I. Porras (1994). Begin with the simplest of questions: What makes great companies great? Then research the heck out of it. It's a big, hairy, audacious goal--but then, this book coined the phrase.

CHAINSAW: THE NOTORIOUS CAREER OF AL DUNLAP IN THE ERA OF PROFIT-AT-ANY-PRICE by John Byrne (1999). When Dunlap took his enthusiasm for mass firings from Scott Paper to Sunbeam, he left broken pieces and a stock price in free fall. Byrne takes the reader through the debacle in detail, an account that is spiced with the vinegar of a writer who truly loathes his subject.

WHO SAYS ELEPHANTS CAN'T DANCE? by Louis V. Gerstner (2002). Gerstner's account of how he turned around IBM after taking over as CEO in 1993 contains valuable lessons for those who think "corporate culture" is consultant gobbledygook.

Decision-Making

ANNAPURNA: A WOMAN'S PLACE by Arlene Blum (1980). Triumph mixes with disaster in this nail- biting account of the first all-woman attempt on an 8,000-meter peak--an expedition the author led.

THE BEST AND THE BRIGHTEST by David Halberstam (1972). Halberstam's masterful explanation of how the application of raw candlepower--in this case Robert McNamara's whiz kids trying to apply what they learned at Ford Motor Co. to the Vietnam war--isn't always enough.

IN THE HEART OF THE SEA: THE TRAGEDY OF THE WHALESHIP ESSEX by Nathaniel Philbrick (2000). Back when the "oil industry" involved harpoons, a Nantucket whaling ship sinks in the Pacific--rammed by a whale that would inspire Melville's Moby Dick. The harrowing odyssey that follows is a study in bad decision-making.

THE KILLER ANGELS by Michael Shaara (1974). A Pulitzer-winning historical novel that places you at the Battle of Gettysburg in the shoes of the soldiers themselves--including Robert E. Lee as he contemplates one last, desperate charge.

THIRTEEN DAYS: A MEMOIR OF THE CUBAN MISSILE CRISIS by Robert F. Kennedy (1969). R.F.K.'s spellbinding first-person account reads like a Tom Clancy novel and delivers powerful lessons about delegation and plain old good judgment.

Economics

CAPITALISM, SOCIALISM, AND DEMOCRACY by Joseph A. Schumpeter (1942). Ignore the title and skip straight to Chapter 7, "The Process of Creative Destruction." Look around, and you'll see it happening everywhere.

EVERYTHING FOR SALE: THE VIRTUES AND LIMITS OF MARKETS by Robert Kuttner (1996). Free markets unleash entrepreneurial drive. They also produce the Asian financial crisis. Kuttner gets you thinking about why the invisible hand works and why it sometimes doesn't.

[b]THE GENERAL THEORY OF EMPLOYMENT, INTEREST, AND MONEY
, CHAPTER 12 by John Maynard Keynes (1936). For all his fame as a wordsmith, too much of Keynes's work is dense and dated. The amazing Chapter 12 is something else: a timeless, witty, crystalline account of why financial markets confound and bewitch us.

POP INTERNATIONALISM by Paul Krugman (1996). Most of what's said about international trade is bunk, the economist argues in a series of contentious and entertaining essays. Targeting the lazy thinking of politicians, journalists, and even fellow economists, Krugman instructs even as he attacks.

THE WEALTH OF NATIONS by Adam Smith (1776).
Smith is often caricatured as a laissez-faire zealot. He wasn't. The Wealth of Nations is an eloquent argument in favor of liberty, enlightened government, and the intrinsic worth of the individual. No one has ever made a better case for the morality of capitalism.

Ethics

DEN OF THIEVES by James Stewart (1991). In this morality tale, good (a crew of dogged government lawyers and detectives) triumphs over evil (Michael Milken, Ivan Boesky, Martin Siegel, and Dennis Levine). But evil gives it a rollicking run for its money.

THE INFORMANT by Kurt Eichenwald (2000). With its deadpan prose, startling plot, and you-are-there dialogue, Eichenwald's book about a twisted informant at Archer Daniels Midland ranks with anything by le Carré for sheer suspense.

LEADING QUIETLY: AN UNORTHODOX GUIDE TO DOING THE RIGHT THING by Joseph L. Badaracco (2002). Finally, an ethics book for people who live in the real world. Recommended for people who want to keep their job and "do the right thing."

THE SMARTEST GUYS IN THE ROOM by Bethany McLean and Peter Elkind (2003). This riveting account of the Enron debacle (by two FORTUNE senior writers) is unsparing in laying the blame at the feet of all the guilty parties. It explains not just how Enron lost its way, but how all of Wall Street did as well.

THE WAY WE LIVE NOW by Anthony Trollope (1875). Trollope's classic satire about Victorian London, where speculators and trust-fund fops "had but a confused idea of any difference between commerce and fraud," feels eerily familiar to observers of modern corporate miscreants.

Globalization

BEIJING JEEP: THE SHORT, UNHAPPY ROMANCE OF AMERICAN BUSINESS IN CHINA by Jim Mann (1989). The story of how AMC's 1979 joint venture to produce Jeeps in Beijing ended in tears is perhaps the closest thing to a classic work on doing business in post-Mao China. It's required reading for anyone venturing to the world's most populous nation.

DEVELOPMENT AS FREEDOM by Amartya Sen (1999). Dictators around the world argue that a strong hand is needed for economic development; freedom can come later. Sen, a 1998 Nobel Prize winner, says they are dead wrong. Freedom is a foundation stone for development--democracies, he points out, don't have famines.

THE MYSTERY OF CAPITAL: WHY CAPITALISM TRIUMPHS IN THE WEST AND FAILS EVERYWHERE ELSE by Hernando de Soto (2000). For liberal types who are vaguely uncomfortable with property rights (unless the property is in, say, Aspen), Peruvian economist de Soto explains why they matter.

NONZERO: THE LOGIC OF HUMAN DESTINY by Robert Wright (2000). A dazzling mix of history, theology, economics, game theory, and evolutionary biology that paints the world's increasing entwinement as a positive and possibly inevitable development.

THE PRIZE: THE EPIC QUEST FOR OIL, MONEY, AND POWER by Daniel Yergin (1991). Oil is the most important commodity on earth, the fuel of modern civilization. Yergin's great achievement is to give readers a thorough grounding in why the world--and especially the Middle East--works the way it does, while all along appearing to simply spin an engrossing yarn.

WORKERS: AN ARCHAEOLOGY OF THE INDUSTRIAL AGE by Sebastio Salgado (1993). A Bangladeshi shipbreaker's raised sledge. A Sicilian fisherman's anxious gaze. A technician glistening in Kuwaiti oil. This stunning set of images--the work of an economist-turned-photographer--brings us deep into the world economy's engine room.

Investing

THE ESSAYS OF WARREN BUFFETT: LESSONS FOR CORPORATE AMERICA compiled by Lawrence Cunningham (1997). Buffett never wrote a book. Instead he poured his thinking about investments, managing, and corporate excesses into his annual letters to Berkshire Hathaway shareholders. Cunningham sifted through the 1979--96 bunch to create this best-of-Buffett anthology.

FOOLED BY RANDOMNESS: THE HIDDEN ROLE OF CHANCE IN THE MARKETS AND IN LIFE by Nassim Nicholas Taleb (2001). Taleb, a hedge fund manager, is equally disdainful of Wall Streeters and academics who claim to understand markets: They see patterns that don't really exist. Almost everything, he argues, comes down to Lady Fortuna.

THE INTELLIGENT INVESTOR: A BOOK OF PRACTICAL COUNSEL by Benjamin Graham (1949). Warren Buffett has called this classic guide to value investing--recently updated by Money magazine senior writer Jason Zweig--"by far the best book about investing ever written." What more do you need to know?

MONEYBALL: THE ART OF WINNING AN UNFAIR GAME by Michael Lewis (2003). Billy Beane, the Oakland A's general manager profiled here, isn't just a smart baseball guy with new ideas. He's an exemplar of how to succeed by zigging when everyone else is zagging--which of course is also how great investors make money.

Leadership

NEVER GIVE IN: THE BEST OF WINSTON CHURCHILL'S SPEECHES edited by grandson Winston S. Churchill (2003). "Never give in--never, never, never, never, in nothing great or small, large or petty,  Never yield to force; never yield to the apparently overwhelming might of the enemy."

ON LEADERSHIP by John Gardner (1990). Gardner sees leadership as an ever-evolving learned skill separate from status or power, and he carefully dissects its many elements--without resorting to cute language or strained metaphors.

PARTING THE WATERS: AMERICA IN THE KING YEARS 1954--63 by Taylor Branch (1988). This spellbinding tale of how Martin Luther King Jr. and others built the civil rights movement shows creative, disruptive leadership in action. King and his comrades possessed none of the conventional tools of power but found ways to wield it nonetheless.

PERSONAL HISTORY by Katharine Graham (1997). The late Graham grew up shy and insecure and stayed that way till her glamorous husband shot himself. Then she found the strength to take over Washington Post Co., which hit new financial and journalistic highs during her tenure. Her defense of the First Amendment made her a hero; her dinner parties made her a legend.

TITAN: THE LIFE OF JOHN D. ROCKEFELLER SR. by Ron Chernow (1998). If 75 books were burning and you could save just one, this might be it: a biography as powerful and detail-minded as its subject.  <---the truth!

The Rockefellers (Full)

http://www.youtube.com/watch?v=xz0ODZiKavs


Negotiating and Managing

A CIVIL ACTION by Jonathan Harr (1995). Harr's story --an attorney fights polluters over carcinogenic toxic waste they left in a town's groundwater--reads like a thriller. It shows how one dogged individual can take on the formidable resources of two corporate giants.

THE EFFECTIVE EXECUTIVE by Peter Drucker (1966). Before you can manage anyone else, you've got to learn to manage yourself. In this slim volume, Drucker tells you how.

REMEMBER EVERY NAME EVERY TIME by Benjamin Levy (2002). Here's a book that delivers on its promise. Read it, and you'll never stare blankly at an employee or a client again.

TAKEN FOR A RIDE: HOW DAIMLER-BENZ DROVE OFF WITH CHRYSLER by Bill Vlasic and Bradley A. Stertz (2000). A tale of how the merger unfolded--and how Daimler's Jürgen Schrempp always managed to stay two moves ahead of Chrysler's Bob Eaton.

WOMEN DON'T ASK: NEGOTIATION AND THE GENDER DIVIDE by Linda Babcock and Sara Laschever (2003). The first book to adequately explain the dramatic differences in how men and women negotiate and why women so often fail to ask for what they want at work (starting with equal pay). Every male manager in America should read it.

Office Politics

LIVE FROM NEW YORK: AN UNCENSORED HISTORY OF SATURDAY NIGHT LIVE by Tom Shales and James Andrew Miller (2003). Given the behind-the-scenes sex, drugs, and screaming matches, the most amazing thing about Saturday Night Live is that it ever managed to get on the air, let alone stay there for 30 seasons. Consider this oral history a handbook for managing the highly creative and the borderline deranged.

THE PRICE OF LOYALTY: GEORGE W. BUSH, THE WHITE HOUSE, AND THE EDUCATION OF PAUL O'NEILL by Ron Suskind (2004). No, George W. Bush ("a blind man in a roomful of deaf people"wink does not come off well. But whatever your politics, you'll be fascinated by the dishy descriptions of how Bush, Karl Rove, and Dick Cheney operate around the office.

THE PRINCE by Niccolò Machiavelli (1513). Machiavelli wasn't as Machiavellian as he is made out to be. Today we'd probably call him "pragmatic." But his treatise--penned after losing his political job in Florence--was shockingly frank. Power and idealism, he said, don't really mix.

SOMETHING HAPPENED by Joseph Heller (1974). This novel--Heller's follow-up to Catch-22--portrays one man struggling with the American dream and a Kafkaesque office where perseverance is the key to promotion.

Power

FATHER SON & CO: MY LIFE AT IBM AND BEYOND by Thomas Watson Jr. and Peter Petre (1990). A son's-eye view (co-written by a FORTUNE senior editor at large) of how Watson Senior started and ran IBM and how Junior took it over. Told in an intensely personal voice, by turns shrewd, grudging, exasperated, and kind, it is the operatic story of power passing between generations.

THE 48 LAWS OF POWER by Robert Keister (1998). The overarching thesis--deceive others lest they deceive you--is appallingly cynical. The wealth of observations ("The longer I keep quiet, the sooner others move their lips"wink is eminently useful.

INDECENT EXPOSURE: A TRUE STORY OF HOLLYWOOD AND WALL STREET by David McClintick (1982). McClintick turns the federal case against Columbia Pictures and David Begelman into a drama of power--East Coast moneymen like Herb Allen vs. West Coast production honchos--and lets you watch, in intimate boardroom detail, as they tear at one another's throats.

INFLUENCE: THE PSYCHOLOGY OF PERSUASION by Robert Cialdini (1993). How do you get people to say yes? To answer that question, psychologist Cialdini mines nuggets as diverse as mother turkeys, pickup situations, Hare Krishnas, and the unlikely power of the word "because"--and identifies six principles that entice people to buy your stuff.

THE POWER BROKER: ROBERT MOSES AND THE FALL OF NEW YORK by Robert Caro (1974). Moses, the legendary city builder, defied mayors, governors, and even a President, constructing a political machine that lasted for decades. Caro's classic biography is one of the most exhaustive--and exhausting--studies of American power ever written.

Project Management

AMERICAN STEEL: HOT METAL MEN AND THE RESURRECTION OF THE RUST BELT by Richard Preston (1991). If Nucor employees can get molten metal flowing in one unbroken strip, they'll revolutionize the steel industry. If something goes wrong, their new plant can blow up. The author of The Hot Zone makes the tale truly riveting.

THE BILLION-DOLLAR MOLECULE: ONE COMPANY'S QUEST FOR THE PERFECT DRUG by Barry Werth (1994). No writer has ever gotten as deeply inside a company as Werth got inside biotech Vertex. He offers deep insight into the difficulties of drug discovery, the trials and tribulations of startups, and the conflict between great science and good business.

CADILLAC DESERT: THE AMERICAN WEST AND ITS DISAPPEARING WATER by Marc Reisner (1990). The West was not won by gunslingers and whores with hearts of gold. It was won by people who gave it water. This is the best book ever on how politics, business, ambition, and most of the seven deadly sins can work to literally shape the landscape of America.

THE MAKING OF THE ATOMIC BOMB by Richard Rhodes (1986). Reaching far beyond Los Alamos and the Manhattan Project, this hefty tome meticulously pieces together one of the most important and terrifying scientific projects in history.

Strategy

THE ART OF WAR by Sun Tzu (circa 500 B.C.). [/b]What may be the greatest book on war ever written contains such aphorisms as "All warfare is based on deception" and "When the army engages in protracted campaigns, the resources of the state will not suffice." It's time-tested poetry for the strategic mind.

BLACK HAWK DOWN: A STORY OF MODERN WAR by Mark Bowden (1999). No one--not the Pentagon, not the spooks, and certainly not the soldiers rappelling from helicopters into the middle of Mogadishu--had any idea of the hell they were getting into. Bowden's history of the humiliating U.S. incursion into Somalia is an eloquent treatise on how not to plan an operation.

INFORMATION RULES: A STRATEGIC GUIDE TO THE NETWORK ECONOMY by Carl Shapiro and Hal Varian (1997). If most writing from the dot-com era reads like 17th-century medicine (give the patient mercury?), here's a book that that holds up. No, the laws of economics haven't changed. Shapiro and Varian show how they apply to the world of information.

ONLY THE PARANOID SURVIVE by Andrew S. Grove (1996). Think of this as a Special Forces handbook for corporate managers. Grove, a co-founder of Intel and its current chairman, shows you squarely how to thrive in the most feared of business environments: one where competition, technology, or the very rules of engagement have suddenly changed.

THE TIPPING POINT: HOW LITTLE THINGS CAN MAKE A BIG DIFFERENCE by Malcolm Gladwell (2000). What do bestselling novels, crime waves, and yawning have in common? They're all examples of how ideas and group behaviors can "tip" from fad into epidemic. Gladwell's book is filled with examples of eclectic freethinkers using the phenomenon to their advantage.

Technology and Innovation

THE LAST LONE INVENTOR: A TALE OF GENIUS, DECEIT, AND THE BIRTH OF TELEVISION by Evan I. Schwartz (2002). This is a cautionary tale of the brilliant visionary (Philo T. Farnsworth) up against Big, Determined Business. You can guess who wins.

NEW AND IMPROVED: THE STORY OF MASS MARKETING IN AMERICA by Richard Tedlow (1990). Who invented the shopping cart? What become of Coke-Ola, Co Kola, and Koke? When did consumers first appear on the American continent? An eminent business historian answers questions you wish you'd thought to ask.

THEY MADE AMERICA: TWO CENTURIES OF INNOVATION FROM THE STEAM ENGINE TO THE SEARCH ENGINE by Harold Evans (2004). Evans takes us from the steam engine to the search engine, profiling 53 of the top innovators in U.S. history. The trait they share isn't greed or the lust for fame, but the drive to democratize--the often shocking desire to bring to the many products previously enjoyed only by the few.

[b]SAM WALTON: MADE IN AMERICA by Sam Walton with John Huey (1992)
. Most great ideas really aren't that complicated, and Wal-Mart is a perfect example. To wit: Put discount stores in towns that the other retailers thought were too small to support them. Walton's words (written with the editorial director of Time Inc., FORTUNE's parent) still resonate with simple wisdom.

THE VICTORIAN INTERNET: THE REMARKABLE STORY OF THE TELEGRAPH AND THE 19TH CENTURY'S ON-LINE PIONEERS by Tom Standage (1998). A new technology will connect everyone! It's making investors rich! It's the Internet boom--except Samuel Morse is there!

Wall Street

AGAINST THE GODS: THE REMARKABLE STORY OF RISK by Peter L. Bernstein (1996). Life has always been chancy, but putting that truism into a mathematical model is a relatively recent achievement. The effects of that insight have been stunning: Probability theory has played a role in everything from bridge building to derivatives and hedge funds.

MORGAN: AMERICAN FINANCIER by Jean Strouse (1999). The man with the bulbous nose was not so much a robber baron himself as the man who gave the robbers their financial tools. J.P. Morgan's biographer sees his flaws but credits him with doing much to create the modern U.S. economy. It was on his watch that Wall Street became a powerhouse.

REMINISCENCES OF A STOCK OPERATOR by Edwin Lefevre (1923). The fictionalized biography of Jesse Livermore, who might be considered the original day trader, gives a hugely entertaining insider's view of the market in its wild, unregulated days of the late 1800s and early 1900s.

WHEN GENIUS FAILED: THE RISE AND FALL OF LONG-TERM CAPITAL MANAGEMENT by Roger Lowenstein (2000). Lowenstein's book offers a rare look inside the secretive world of hedge funds. It is also a story of greed and power gone awry, and that makes it a modern classic.

WHERE ARE THE CUSTOMERS' YACHTS? by Fred Schwed Jr. (1940).
In this mordantly funny critique, a former stock trader reveals that most stock market pros are greedy fonts of self-serving nonsense and most customers are greedy fools. (No, not much has changed since 1940.)

Work and Life

NICKEL AND DIMED: ON (NOT) GETTING BY IN AMERICA by Barbara Ehrenreich (2001). This journalist spent months toiling as a waitress, hotel maid, Wal-Mart clerk--and trying to live on what she earned. Her funny and wrenching account shows why it's so hard for the nation's working poor to get ahead.

RECLAIMING THE FIRE: HOW SUCCESSFUL PEOPLE OVERCOME BURNOUT by Steven Berglass (2001). If you haven't hit that wall, you will someday. At that point, you can head for Hawaii--or you can try to understand what burnout is. Written by a shrink who counsels entrepreneurs and executives, this book is a fine place to start.

THE TIME BIND: WHEN WORK BECOMES HOME AND HOME BECOMES WORK by Arlie Russell Hochschild (1997). We're starved for time. We want balance. So a sociologist interviews everyone at a FORTUNE 500 company--executive suite to factory floor--and guess what? We're not using "flextime," paternity leave, or even all the vacation time offered. Are we the problem?

WORKING: PEOPLE TALK ABOUT WHAT THEY DO ALL DAY AND HOW THEY FEEL ABOUT WHAT THEY DO by Studs Terkel (1974). It would take a callous reader to flip through these interviews of dozens of working Americans, from dentists to gravediggers to housewives, and not come away with the impression of how difficult many lives are--and how gracefully so many people cope. Terkel, a questioner of brilliance and empathy, got it down on paper.

http://money.cnn.com/magazines/fortune/fortune_archive/2005/03/21/8254826/index.htm
Re: Here Are 6 Ways You Can Develop Nigeria's Economy by Nobody: 4:44am On Mar 07, 2012
igbo2011:

Iti s crazy how this is not on the front page and it has the opportunity to make Nigeria a better place but other posts are that aren't as important :/

Nigerians don't appreciate good efforts. 

Dedicate your knowledge in developing the East.
Re: Here Are 6 Ways You Can Develop Nigeria's Economy by AfroBlue(m): 5:03am On Mar 07, 2012
The Smartest Books We Know

FORTUNE offers the ultimate reading list: 75 books that teach you everything you really need to know about business.

http://money.cnn.com/magazines/fortune/fortune_archive/2005/03/21/8254826/index.htm

TITAN: THE LIFE OF JOHN D. ROCKEFELLER SR. by Ron Chernow (1998). If 75 books were burning and you could save just one, this might be it: a biography as powerful and detail-minded as its subject.
Re: Here Are 6 Ways You Can Develop Nigeria's Economy by igbo2011(m): 6:46am On Mar 07, 2012
Olodostein:

Nigerians don't appreciate good efforts. 

Dedicate your knowledge in developing the East.
Yes, hopefully Enugu, Anambra or Onitsha!!! We need economic movements to end poverty and reduce crime. I am sick of these kidnappers, we need them to stop. They need jobs!!
Re: Here Are 6 Ways You Can Develop Nigeria's Economy by ojogbontomoye: 6:52am On Mar 07, 2012
Dont eat your fellow Nigerians
Dont kidnap your fellow Nigerians
Get educated in good universities, preferably those in the SW
Stay in school and dont deal in fake medicine
Dont do drugs. They make you lazy and dull
Dont whine about marginalization; Do what Yorubas do, bend down and get to work
Respect Awolowo and don't desecrate his good name and legacy.
Re: Here Are 6 Ways You Can Develop Nigeria's Economy by igbo2011(m): 7:49am On Mar 08, 2012
ojogbontomoye:

Dont eat your fellow Nigerians
Dont kidnap your fellow Nigerians
Get educated in good universities, preferably those in the SW
Stay in school and dont deal in fake medicine
Dont do drugs. They make you lazy and dull
Dont whine about marginalization; Do what Yorubas do, bend down and get to work
Respect Awolowo and don't desecrate his good name and legacy.

Stop with your tribalism. We all have common enemies, let's unite under panafricanism
Re: Here Are 6 Ways You Can Develop Nigeria's Economy by Rgp92: 8:25am On Mar 08, 2012
ekt_bear:

Fix electricity, and I will invest in Nigeria

ekt_bear, Who is going to fix the electricity, if not for you and me?
Re: Here Are 6 Ways You Can Develop Nigeria's Economy by ektbear: 8:29am On Mar 08, 2012
How will I, a guy with much less than $500 million in net worth fix electricity in Nigeria?

Even if I had that much money, the current regulation makes it very unfavorable to invest.

I can probably raise enough funds to start a small factory of some sort. But not enough for a (big enough) power plant.
Re: Here Are 6 Ways You Can Develop Nigeria's Economy by Rgp92: 8:44am On Mar 08, 2012
ekt_bear:

How will I, a guy with much less than $500 million in net worth fix electricity in Nigeria?

Even if I had that much money, the current regulation makes it very unfavorable to invest.

I can probably raise enough funds to start a small factory of some sort. But not enough for a (big enough) power plant.

Well, a Journey of a thousand mile, start with a single step wink
Re: Here Are 6 Ways You Can Develop Nigeria's Economy by otokx(m): 10:07am On Mar 08, 2012
The fastest way is to use a GLO line instead of MTN, AIRTEL or ETISALAT.
Re: Here Are 6 Ways You Can Develop Nigeria's Economy by igbo2011(m): 9:55pm On Mar 08, 2012
otokx:

The fastest way is to use a GLO line instead of MTN, AIRTEL or ETISALAT.
What are you talking about?
Re: Here Are 6 Ways You Can Develop Nigeria's Economy by AfroBlue(m): 9:36pm On Mar 10, 2012
Re: Here Are 6 Ways You Can Develop Nigeria's Economy by achi4u(m): 10:10pm On Mar 10, 2012
sports is very important too which can bring unity among the populance and even create jobs.

we can make football watchable in naija instead of dieing for europian football clubs.
Re: Here Are 6 Ways You Can Develop Nigeria's Economy by AfroBlue(m): 6:43am On Mar 11, 2012
Starting - The First Step Toward Success
By John C. Maxwell

Salespersons are coached in the power of a first impression. Orators devote hours to opening statements. Journalists are admonished never to bury the lead. Sprinters practice racing out of the starting blocks. Interviewees are taught the importance of their initial handshake with a potential employer.

In leadership, as in many other areas of life, the beginning often determines the end. False starts and weak foundations can be ruinous. Here are five insights to help you start successfully.

HOW TO START SUCCESSFULLY

1. Start With Yourself

As Gandhi famously said, "Be the change you want to be in the world." By starting with yourself, you build the self-confidence needed to attract and inspire others. Leading yourself well is a precursor to accomplishment, and accomplishment earns respect. In order to make deposits in the lives of followers, you have to have a beginning balance in your leadership account. Start leading by proving your mettle - to yourself and to prospective followers.


2. Start early

Sadly, many leaders squander their early years and spend the rest of their careers trying to make up for lost time. In leadership, as with finances, decisions made early in life accrue the most interest. When we choose poorly or establish bad habits, we put ourselves in debt. Then, we must not only repay our loans, but the interest on them as well. On the flip side, when we invest our time and talent wisely from a young age, we reap the benefits of compounding interest on our leadership.

Specifically, where should leaders start? What areas should take precedence at the beginning? From my experience there are 10 things you should do as a leader prior to reaching age 40:

1. Know yourself
2. Settle your family life
3. Determine your priorities
4. Develop your philosophy of life
5. Get physically fit
6. Learn your trade
7. Pay the price
8. Develop solid relationships
9. Prepare for the future
10. Find purpose for your life

If you're over 40, it's never to late to make improvements. Unfortunately, an old dog doesn't easily learn new tricks. Undoing years of misplaced priorities and poor self-management will take extra effort.

3. Start Small

Don't expect to understand what it takes to get to the top, just take the next step. Think big, but start small. Doing so encourages you to get started, and keeps you from being frozen by the magnitude of the vision in front of you. When you accomplish a small step, you gain confidence that you can accomplish the next step.

The success found in starting small comes when you diligently apply the lessons you learn. As my friend, Dick Biggs, has said, "The greatest gap is between knowing and doing." Commit to mastering the details under your control, and follow through when experience has given you instruction.

4. Start with the end in view

"Most people spend more time planning their grocery shopping than designing their future."
~ Tom James, Personal Development Coach

To start with the end in view, you need energy and direction. Let your passion pull you forward, and let your planning give you guidance. In order for passion to be a driving force in your life, you must identify a purpose for you life. To locate your purpose, consider your strengths, interests, and past successes. What roles do you find most enjoyable? What brings you the greatest sense of satisfaction? Examine the areas that make you feel strong and angle your career toward them. Also, find people who have been successful in the area of your interest. Listen to them and watch their lives.

For planning to give you direction, you need to write down goals. Goals lend structure to your purpose, and they keep you leading "within the lines." They focus your action and move you toward your overall vision.

5. Start Now

We exaggerate yesterday, overestimate tomorrow, and underestimate today. Embrace action daily. Don't wait until it's too late before you begin to pursue the visions implanted in your heart. Make each day your masterpiece; you'll be surprised where you end up after stringing together a few months of superb days.

I'll leave you with one final thought:

"How wonderful it is that we need not wait a single minute before starting to improve ourselves and our world." ~ Anne Frank

Review - Five Steps to Starting Successfully

1. Start Early
2. Start with Yourself
3. Start Small
4. Start with the End in View
5. Start Now
Re: Here Are 6 Ways You Can Develop Nigeria's Economy by aljharem(m): 2:48pm On Mar 11, 2012
igbo2011:
What are you talking about?

Igbo2011, he is absolutely right

We have indigenous companies in Nigeria such as Innoson, Globacom, Hitv etc but we see some Ideeiotic Nigerian patronise MTN, Dstv etc

About the cars, I would understand if the populise have not patronise them yet, But out ideeiotic government should be leaders and by from them rather than import toyota etc

That is one ways we can fast track our development

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