Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,993,631 members, 7,294,119 topics. Date: Tuesday, 07 February 2023 at 12:10 PM

Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! (17679 Views)

Dangote Pledges To Help FG Turn Around Nigeria’s Economy / Banks Deliberately Sabotaging Nigeria’s Economy - Former Minister, Kenneth Gbagi / Dangote Pledges To Assist FG To Turnaround Nigeria’s Economy (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! by investnow2013: 6:37pm On Feb 16, 2016
Adekoya Boladale – Nigeria’s economy: Awakening the snoring giant

On January 28th, 2016 Channels Television aired a community programme where a man in Benin, Edo State with little education and has never left the shores of Nigeria was able to build an operational unmanned aerial vehicle (UAV), commonly known as drone, without any special training using everyday tools and parts within his environment. This is just one in the tones of unsung stories of innovations and creativity Nigerians have been producing for decades. While these talents go to waste, we spend billions of dollars yearly procuring the same innovations produced by foreign firms.

A friend said to me over the weekend “If Mark Zuckerberg were a Nigerian and he created Facebook in a garage somewhere in Lagos or Ogun state, the innovation would not pass the four walls of his house.” And he is right; Nigerians would still not have used ‘Whatsapp’ if it was developed by a Nigerian, we prefer ‘Uber’ to ‘Easy Taxi’ ‘Amazon’ to ‘Konga’, unfortunately for us, days such as these are over.
Nigeria is dying and it is only a matter of months before our economy collapse, saying we are in austere times is merely playing it mildly, when a country of over 160 million people produce nothing but depend on the production of other countries to meet daily needs, it does not only portray such country as unserious and lazy but also as incapable of self-sufficiency and independence.

The narrative of ‘Nigerians should embrace made in Nigeria products’ is a cliché that will never work. It is high time government at all levels declare a state of emergency on importation. Nigerians should not be persuaded to buy made in Nigeria products, Nigerians should be forced to buy made in Nigeria products. We are way passed seeking for patriotism, what we should be seeking for now is survival.


There is no other way out of this, it is either we patronize local products or Nigeria dies.
The recent Central Bank of Nigeria’s list of banned items is a right step in the right direction but rather too little. Our condition requires a radical approach and as such, the list deserves expansion to all imported goods, products and services with exception to raw materials, machinery and industrial equipment.

The days of medical tourism should stop. Yes, our hospitals may not be one of the best in world but they are not doing badly either. The unnecessarily gallivanting of Nigerians abroad for medical checkups makes mockery of our status. This is not to say banks should not make forex available for specialized operations or severe medical conditions, those are different ball game entirely. But if you live in Nigeria, eat our local foods, breath our air and cannot trust any of the A-list hospitals with ordinary medical checkups then you have over stayed your welcome, please relocate.

I think it is time we ban importation of mobile phones, computers, cars, electronics and related gadgets. If truly Nigeria is a huge market for Toyota, Samsung, Tecno, LG and likes, then it is high time they invest in our economy; it is high time we have Samsung Nigeria, Toyota Nigeria, Tecno Nigeria and co. International brands and companies must move beyond opening sales outlets in Nigeria or signing sales contract with Nigerian companies, they must start building manufacturing –not mere assembling- plants in Nigeria. We can no longer continue wasting our hard-earned money (apologies to looters) to improve foreign economy while ours wreck. You want to sell to Nigerians? Come to Nigeria!


The importance of our Technical colleges cannot be overemphasized. Government must draw up a workable template for Nigeria industrial revolution. Our country has a huge volume of an untapped innovative brains wasting away in banking halls and government parastatals as a result of desperation to make ends meet. Our Polytechnics and Technical Colleges should not be a face saving haven for people who could not get admission into universities but an institution where innovative and creative minds are trained and pushed to take over the world. Nigeria needs to model the frame works of Polytechnics and Technical Colleges into something more sophisticated than the Massachusetts Institute of Technology (MIT).


It is time for a Nigeria identity, brands forged in the fires of Ladipo, Aba, Nnewi, Owode-Onirin, Agbara. We need brands that will compete side by side with the Louis Vuitton, Adidas, Nike and others. All these can only be possible when we develop our local talents, train, motivate and encourage the dreams and madness of our countrymen and women; for it is out of madness that the greatest innovations in the world are made.

But all these will be useless if government policies do not encourage such. The federal government must create an enabling environment for investors to come into the country. The days of unnecessary bureaucracy and bottleneck approach it is known for must come to an end. While it is important that every investor pay a premium for certification before commencing business operations, it won’t cost us anything to overlook such fees in exchange for a more beneficial future. Lands and tax waivers are also essential to encourage companies investing in an unknown terrain all for the greater good.

Finally, we will be wasting our time talking about economy, the survival of Nigeria and development of local productions if we do not have a sensible and well implementable Labour law. Currently, Nigeria has one of the cheapest labour in the world. While we may want to run a capitalist economy it should not interpret to erasing common sense and natural justice.

The corporate slavery re-christened ‘contract staff’ should be looked into as a matter of urgency. There is nothing cool in being a slave in one’s country all in the pursuit of happiness. Most acclaimed employed Nigerians today are contract staff earning way less than the effort and energy they put in to work.

The National Assembly must enact a labour law that represents and protect Nigerian workers first before any other. Companies must be made to sign an undertaking to not only ensure that 80% of their workforces are Nigerians but also draw up a training blueprint that will enable Nigerians possess the right skills to take over from expatriates in the next three to five years.
Boladale is on twitter @adekoyabee


http://dailypost.ng/2016/02/15/adekoya-boladale-nigerias-economy-awakening-the-snoring-giant/

33 Likes 11 Shares

Re: Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! by investnow2013: 6:40pm On Feb 16, 2016
A Country is run by People with Vision & not by Tribal or Religious consideration!...... When are we going to put on our thinking Cap?

25 Likes 1 Share

Re: Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! by oduastates: 6:42pm On Feb 16, 2016
Starting from the leaders.
This is tomatoes rotting away in the north .
Below it is a small time shoemaker who makes about 400 shoes a year in akure .Yet unpatriotic quacks like Okonjo Iweala opened the flood gates to the importation of foreign subsidised tomato paste , thereby sending local growers and processors into penury.
She opened the flood gates to vegetable oil importation as well .

25 Likes 4 Shares

Re: Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! by investnow2013: 7:04pm On Feb 16, 2016
Lalasticlala!!! OAM4J!!! MYN44!!!! Come & See Newsooooo!!!!

4 Likes

Re: Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! by investnow2013: 7:09pm On Feb 16, 2016
Amichi Anambra State Locally Produced Rice!

12 Likes

Re: Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! by Flyoruboy(m): 7:11pm On Feb 16, 2016
investnow2013:
Amichi Anambra State Locally Produced Rice!

Guy, must you turn all your threads into an Anambra-centric one? You didnt have to suck us in with the deceptive headline. A more specific Anambra heading would have sufficed. Nigeria is bigger than your state alone abeg. I know you get paid to do this but try and show some versilitilty for once.

17 Likes 2 Shares

Re: Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! by investnow2013: 7:12pm On Feb 16, 2016
Sorghum Farm @ Igbariam Anambra State!.... These are the raw materials used by Onitsha based Sabmillar & other companies arround Anambra State!

16 Likes 1 Share

Re: Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! by investnow2013: 7:17pm On Feb 16, 2016
Hectares of Rice Farm @ Omogho Orumba North Lga of Anambra State!

10 Likes 1 Share

Re: Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! by investnow2013: 7:42pm On Feb 16, 2016
Flyoruboy:


Guy, must you turn all your threads into an Anambra-centric one? You didnt have to suck us in with the deceptive headline. A more specific Anambra heading would have sufficed. Nigeria is bigger than your state alone abeg. I know you get paid to do this but try and show some versilitilty for once.
Must You comment?..... Is Anambra State not part of Nigeria anymore?..... What type of foolish comment is this!.This is why Nigeria is going backward everyday inspite of the huge Manpower & resources given to her by God Almighty but sacrificed on altar of Tribalism & Nepotism!.

64 Likes 4 Shares

Re: Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! by Flyoruboy(m): 7:49pm On Feb 16, 2016
investnow2013:
Must You comment?..... Is Anambra State not part of Nigeria anymore?..... What type of foolish comment is this!.This is why Nigeria is going backward everyday inspite of the huge Manpower & resources given to her by God Almighty but sacrificed on altar of Tribalism & Nepotism!.

Erh.. Save your lecture for your fan-base and not me because I can see through your bullshyt. It's like you know people are already getting tired of your same old recycled b.s so you had to use a deceptive headline to suck folks in. Yeah, you bet I'll comment coz no be your papa forum even though na you open the thread. I have as much right as you or anybody to comment and speak my mind on this thread and you cannot gag me. I don talk my own, now you can do your worst.

7 Likes 4 Shares

Re: Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! by iokpebholo: 8:07pm On Feb 16, 2016
Flyoruboy:


Guy, must you turn all your threads into an Anambra-centric one? You didnt have to suck us in with the deceptive headline. A more specific Anambra heading would have sufficed. Nigeria is bigger than your state alone abeg. I know you get paid to do this but try and show some versilitilty for once.
bros calm down na,Anambra is stil part of Nigeria.

26 Likes

Re: Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! by Ucheosefoh(m): 8:16pm On Feb 16, 2016
Flyoruboy:


Guy, must you turn all your threads into an Anambra-centric one? You didnt have to suck us in with the deceptive headline. A more specific Anambra heading would have sufficed. Nigeria is bigger than your state alone abeg. I know you get paid to do this but try and show some versilitilty for once.
how is that your business? when he open it did he mention you? abi na hatred de disturb you. If you don't like what you are seeing open another thread or check other threads. Showcase your own state nobody is preventing you.

34 Likes 3 Shares

Re: Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! by pulsa(m): 8:17pm On Feb 16, 2016
lalasticlala pls do the needful; a very informative article.

1 Like

Re: Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! by Viktor1983(m): 9:08pm On Feb 16, 2016
It is well.
Re: Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! by Sealeddeal(m): 9:52pm On Feb 16, 2016
oduastates:
Starting from the leaders.
This is tomatoes rotting away in the north .
Below it is a small time shoemaker who makes about 400 shoes a year in akure .Yet unpatriotic quacks like Okonjo Iweala opened the flood gates to the importation of foreign subsidised tomato paste , thereby sending local growers and processors into penury.
She opened the flood gates to vegetable oil importation as well .


Comments like yours derails any important thread on this site. are you okay?
why singling out Okonjo Iweala?

22 Likes 1 Share

Re: Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! by Sealeddeal(m): 9:56pm On Feb 16, 2016
OP, you have to make your pictures reflect the content of your Topic. Don't inundate people with your Obiano's sponsored propaganda.

3 Likes 1 Share

Re: Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! by eleojo23: 10:21pm On Feb 16, 2016
Nigeria produces what it does not consume and consumes what it does not produce.

9 Likes 1 Share

Re: Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! by sotall(m): 10:22pm On Feb 16, 2016
k
Re: Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! by emmyreb(f): 10:26pm On Feb 16, 2016
Alright
Re: Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! by ikbnice(m): 10:29pm On Feb 16, 2016
Nigeria is not a country...It is a business venture for politician...Prison for the poor masses...Heaven for the rich...Hell for the poor...Fairyland/Dreamsland to the young...Arid land to the old...Labour camp to the workers......and it goes on and on.


If hell is real, God should just grant Nigerians going to hell a celestial pardon because most have served their hellish term in a country called Nigeria.

#GodBlessNigeria

9 Likes 2 Shares

Re: Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! by Bugatie(m): 10:29pm On Feb 16, 2016
pulsa:
lalasticlala pls do the needful; a very informative article.

Allow the dude groove his bday

1 Like

Re: Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! by sirade(m): 10:30pm On Feb 16, 2016
oduastates:
Starting from the leaders.
This is tomatoes rotting away in the north .
Below it is a small time shoemaker who makes about 400 shoes a year in akure.Yet unpatriotic quacks like Okonjo Iweala opened the flood gates to the importation of foreign subsidised tomato paste , thereby sending local growers and processors into penury.
She opened the flood gates to vegetable oil importation as well .



Are you kidding me?
That guy needs to change his profession if only what he can churn out in a year is 400 pairs .

Come to Shoe site Onitsha or Bakassi Aba and see what is called mass production of foot wears of assorted grade.

14 Likes

Re: Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! by eaglechild: 10:32pm On Feb 16, 2016
Anambra is still part of Nigeria.
Everyone is free to showcase his state.

Why the unnecessary bitterness?

7 Likes 1 Share

Re: Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! by ASHAKA1(m): 10:34pm On Feb 16, 2016
I can't read that long epistle, in my own opinion, i think the federal government should invest more in local business instead of bubu junketing around the world with nothing to show for it...#teamwailers

2 Likes

Re: Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! by Btruth: 10:38pm On Feb 16, 2016
We got frustrated with our local rice supply from Kogi state to Lagos, when customers were complaining that it should be a lot cheaper to the foreign rice. We made them to realize that it's not the cost of production, but the cost of transportation and the produces charges in each states as you are coming to Lagos.

7 Likes 1 Share

Re: Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! by rozayx5(m): 10:44pm On Feb 16, 2016
oduastates:
Starting from the leaders.
This is tomatoes rotting away in the north .
Below it is a small time shoemaker who makes about 400 shoes a year in akure .Yet unpatriotic quacks like Okonjo Iweala opened the flood gates to the importation of foreign subsidised tomato paste , thereby sending local growers and processors into penury.
She opened the flood gates to vegetable oil importation as well .



and buhari lifted the rice ban i guess and uses london doctors since you were not born. the plan was if you fail . blame gej and iweala cheesy grin grin grin una neva suffer it will reach 500 # to a dollar before june. shey una vote olodo put for aso rock.

24 Likes 1 Share

Re: Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! by lezz(m): 10:46pm On Feb 16, 2016
Without power how can foreign firms set up manufacturing in Nigeria?

Most of the foreign firms are opting for ghana while targeting the huge market in nigeria. angry

Cost of production and manufacturing is way too high. Local talents and budding firms find it hard to start from scratch as a lot of capital has to go for power generation. So government should put our infrastructure in place before placing a ban on foreign products.

Op got it wrong on banning electronics and mobile phones. A high tax and tariff should be imposed. Foreign electronics are found in all the countries even developed ones.



Without good roads for goods and finished product conveyance and stable power, cost of local production and goods will end up being sold higher than foreign goods.

12 Likes 1 Share

Re: Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! by investnow2013: 10:46pm On Feb 16, 2016
Sealeddeal:
OP, you have to make your pictures reflect the content of your Topic.
Don't inundate people with your Obiano's sponsored propaganda.
This is not propaganda but goodnews!..... If you like goodnews, you will rejoice,but if not you will continue to wallow in pain & bitterness!.It is something worthy to celebrate people with vision instead of praising Polithiefians & Charlatans!.

7 Likes

Re: Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! by Nobody: 10:53pm On Feb 16, 2016
You won't see them on this thread. Back to topic, op has said it all. The country is bleeding profusely, the present administration lack ideas, economic plan to pull us thru. They were only interested in seizing power now they are confused.

Until we start producing to meet our needs, the country might bleed till it dies a natural death. The prediction that Nigeria will disintegrate from 2015 might jus be true afterall...

2 Likes 1 Share

Re: Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! by oromidas231(m): 10:57pm On Feb 16, 2016
9ja made has never been appealing to Nigerians.....not the so called imported are better than our indigenous products in terms of quality. I hope other notable Nigerians take a cue from #senatorBBM.

1 Like

Re: Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! by erico2k2(m): 11:03pm On Feb 16, 2016
Flyoruboy:


Guy, must you turn all your threads into an Anambra-centric one? You didnt have to suck us in with the deceptive headline. A more specific Anambra heading would have sufficed. Nigeria is bigger than your state alone abeg. I know you get paid to do this but try and show some versilitilty for once.
Guy I'm not from Igbo land but to you I will say If E pain you post what your state produces and stop criticizing others that are proud to show what their states are producing simple.

15 Likes 2 Shares

Re: Adekoya Boladale: Nigeria Economy - Awakening The Snoring Giant! by Nobody: 11:03pm On Feb 16, 2016
lezz:
Without power how can foreign firms set up manufacturing in Nigeria?

Most of the foreign firms are opting for ghana while targeting the huge market in nigeria. angry

Cost of production and manufacturing is way too high. Local talents and budding firms find it hard to start from scratch as a lot of capital has to go for power generation. So government should put our infrastructure in place before placing a ban on foreign products.

Op got it wrong on banning electronics and mobile phones. A high tax and tariff should be imposed. Foreign electronics are found in all the countries even developed ones.



Without good roads for goods and finished product conveyance and stable power, cost of local production and goods will end up being sold higher than foreign goods.


Nigeria is part of an international world trade treaty that frowns at imposing levy on products from other countries especially the developed ones. Even at that, our habits for foreign products has eaten into every fabric of our social life.

(1) (2) (3) (Reply)

What Super Traders Don't Want You To Know / Have You Ever Been Scammed Before? / Chinese Auto Company Shaanxi To Assemble Trucks In Enugu:buys ANAMMCO

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2023 Oluwaseun Osewa. All rights reserved. See How To Advertise. 194
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.