What is happening to Nigeria economy. Do we have a President?

Why wont he sack 50% of staff when it is difficult to access foreign currency needed for his operations?

Why wont they sack when government refuse to buy their product

No news article. No source. This is hearsay and most likely a lie. I'm out of this thread.

Nigeria should learn from Thailand that produce rice. Must we produce motor? why not face our cassava that does not require any raw material importation. nonsenses

Toosure70:

Nigeria should learn from Thailand that produce rice. Must we produce motor? why not face our cassava that does not require any raw material importation. nonsenses

Why not learn from China that produces 65% of goods on international waters? China equally imports tons of raw materials from all over the world to keep their factories running.

There's absolutely nothing wrong in importing raw materials. We should be worried more about importing finished goods. Now to diversify your economy, you do not substitute dependence on one product (oil) for another (cassava). Rather, you grow all sectors and maximise your potentials.

Some sectors that we have not thought deeply about include:
1. Tourism
2. Medical tourism (esp for West Africa. Liberia for instance has less than 150 medical doctors)
3. Education (Up to late 70s' /early 80s' Nigerian Universities were providing education for people all over Africa. We can once more become net producer of this highly sought after service)
4. Religion (Have you ever wondered how much money Saudi Arabia, Israel, Italy, Jordan make from religion?)
5. ICT (India has become synonymous with affordable ICT services. We can be the hub for West Africa)
6. Sports (Ever thought about how many people can be gainfully employed in sports and sports business?)
7. Aviation
8. Maritime services ( We can be the ports of choice for landlocked West African countries e.g Niger)
9. Food processing
10. Manufacturing
11. Hospitality ( top quality and affordable hotels, Disneyland of West Africa, Conference Center of choice in Africa)
12. Real estate.
13. Financial services (banking , insurance, etc)
14. Retail distribution
15. Others.

Na so e dey start. Later, we go hear privatization.

GlitzG:
Na so e dey start. Later, we go hear privatization.

Oga u go dull from small oo..

Is innoson a govt establishment that it would privatize.

Maybe private companies privatizing will make them Parastatals abii

Primegold:


Why not learn from China that produces 65% of goods on international waters? China equally imports tons of raw materials from all over the world to keep their factories running.

There's absolutely nothing wrong in importing raw materials. We should be worried more about importing finished goods. Now to diversify your economy, you do not substitute dependence on one product (oil) for another (cassava). Rather, you grow all sectors and maximise your potentials.

Some sectors that we have not thought deeply about include:
1. Tourism
2. Medical tourism (esp for West Africa. Liberia for instance has less than 150 medical doctors)
3. Education (Up to late 70s' /early 80s' Nigerian Universities were providing education for people all over Africa. We can once more become net producer of this highly sought after service)
4. Religion (Have you ever wondered how much money Saudi Arabia, Israel, Italy, Jordan make from religion?)
5. ICT (India has become synonymous with affordable ICT services. We can be the hub for West Africa)
6. Sports (Ever thought about how many people can be gainfully employed in sports and sports business?)
7. Aviation
8. Maritime services ( We can be the ports of choice for landlocked West African countries e.g Niger)
9. Food processing
10. Manufacturing
11. Hospitality ( top quality and affordable hotels, Disneyland of West Africa, Conference Center of choice in Africa)
12. Real estate.
13. Financial services (banking , insurance, etc)
14. Retail distribution
15. Others.

at last a kindred spirit
I thought all nairaland youth were doomed
but now I know that plan b will work soon as we get somebody to bell the cat.

Toosure70:
Nigeria should learn from Thailand that produce rice. Must we produce motor? why not face our cassava that does not require any raw material importation. nonsenses

also making sense