HighKing01:
Okay zombie hope u stick 2 corrections

Ode bro I sight your foolishness. Grow up and get sense.. it will cost you nothing.

dason4life:
Nice move but it won't solve the problem for those in the Technology World.
INNOSON don't produce computer chips

What is their involvement in the entire value chain of the company?

great this is another opportunity for jobless graduates to make fortune just get into your grandfather's abandoned farmland and start cultivating

modath:
The possibillity of a country that is solely & wholly import dependent to ever aspire to be a great nation is between zero & zilch......


Convulsing, cursing, crying..etc won't stop this present administration from weaning Nigerians off that state of mind, sooner people get with the programme , adjust accordingly & take the hard times in their stride the better...


*caveat*.. everyone can feel the heat but one's attitude will make one see things either half empty or half full!!

Brilliant!!! I love you

obailala:
Just like importing raw materials for local manufacture, there is nothing wrong in importing hybrid seedlings/grass/legumes for planting in Nigeria to boost animal production.

By the way, why do I sense a feeling both of you are sad about this supposedly good news?

Dude I'm the happiest to get that news.

It's one of the uncertainties of buhari Naira crash

Every disappointment is a blessing, I trust that God will direct our steps in this "hard" times. Things will fall in place very soon.

dason4life:
Nice move but it won't solve the problem for those in the Technology World.
INNOSON don't produce computer chips

If you apply through your bank to show that what your factory or business needs to further add to the nation's economic growth cannot the sourced locally, you will get an exemption and can do business at the official exchange rate.
Daz all!

ziccoit:
So these people knew about local sources of raw materials yet engaged in importations.

Chain.. See question.
D best and strongest question. So who has d answer?

HighKing01:
Okay zombie hope i stick 2 corrections

Good! u Berra and start having sense

restricting the currency has not helped the dollar banks still charge 300 to 325 naira per dollar which is actually the devaluation target of the naira. that would have put more money in government hands to execute projects pay salaries than resort to borrowing money to survive and pay interest with the same meagre income. think

Kennisch:


If you apply through your bank to show that what your factory or business needs to further add to the nation's economic growth cannot the sourced locally, you will get an exemption and can do business at the official exchange rate.
Daz all!

This isn't Europe!
Official Exchange Rate got nothing to do with this.
This is Nigeria where you pay between 30% - 45% for any loan you apply for. (With Appreciating Asset for Collateral)
No bank manager will give a damn even if you will be involve in mass production of drugs fo HIV/AIDS

I'm sure your comment was based on assumption.
Face the real world

tonyfrenzy:

Innoson isn't a computer manufacturer...and we have the manpower, the resources, the finances to produce and research into more powerful

"chips" only that we always treasure *made NOT in Nigeria goods*

How is South Korea better than Nigeria? But they snuffed corruption out, imported technology, developed and empower themselves AND ever since they've producing a lot, including automobiles (kia, hyundai etc), electronics (samsung, LG, daewood, etc).

The same with India...

Good policies, enabling environment, reorientations, iron hand, initial sufferness among others is what we need. Most of those products are not rocket science, even if it is, Nigerians are present/involved in every groundbreaking (albeit negative) researches/companies/pursuits all over the world.

INNOSON isn't a Computer manufacturing company?
But they produce Automatic vehicles? . . . Think beyond the boundary and get my point

sosilly4b:


This is an opportunity for you to start something locally. Why don't you figure how you can produce this computer chips in Nigeria for local use?

You must be a Motivational Speaker.
Computer chips aren't work of Art and Craft. Even if you have the brain and huge investment, you need other things
which can only be provided by the government

dason4life:


You must be a Motivational Speaker.
Computer chips aren't work of Art and Craft. Even if you have the brain and huge investment, you need other things
which can only be provided by the government

Things like?

sosilly4b:


Things like?

Enabling Legislation to back up production process.
Among them is the greatest:- NCC license.
It isn't easy to get, ask DSS

mercyville:



http://www.punchng.com/dollar-scarcity-manufacturers-turn-to-local-raw-materials/

At the start of the 19th Century, Ilorin was a border town North-East of the Oyo Empire with mainly Yoruba population and an immigrant population described as comprised of “Hausa-Fulani or slaves” (Wikipedia). The town was the headquarters of a powerful Oyo general, Afonja who rebelled against the Alafin of Oyo and helped to bring about the collapse of the Oyo Empire. Afonja was assisted by Salih Janta (aka Alimi) a Fulani immigrant and Islamic scholar who settled in Ilorin under Afonja’s auspices. In 1824, Afonja was assassinated and Alimi’s son, Abdusalami became Emir of Ilorin. Under the Emir, Ilorin continued to seek Southward expansion as a de facto part of the Sokoto Caliphate but was halted by the growing power of Ibadan.

An article in Vanguard of October 22, 2000 (and online on www.ilorin.info) and numerous history books provide more detail. Afonja was Are Ona Kakanfo (generalissimo) to the Alafin of Oyo Empire and Ilorin was a military outpost from where the Oyo army carried out expeditions on behalf of Alafin. It was Oyo (indeed perhaps Yoruba) tradition to keep its military on the frontiers both to defend the mainland and to prevent a coup against the King. Alimi travelled to Ilorin as a nomad and became a spiritual/political adviser to Afonja (and later teacher to Afonja’s children!) and encouraged his rebellion against Oyo leading to Afonja’s betrayal of, and secession from Oyo to form what he hoped would be his independent kingdom!

Afonja may have acted differently if he had studied and applied insights from recent history! He might have deduced useful learnings from the destruction of the Hausa kingdoms!!! As Professor Larry Diamond of Stanford University wrote in “Class, Ethnicity and Democracy in Nigeria: The Failure of the First Republic”, “…the Fulani, as they conquered the Hausa, (first gradually through infiltration over centuries, then decisively in an Islamic holy war (jihad) beginning in 1804)…closely related to the Hausa-Fulani are the Nupe, whom the Fulani also conquered…” H. A. S Johnston in “The Fulani Empire of Sokoto” wrote in Chapter 13 on “The Jihad in Nupe and Ilorin” that “there are many similarities between the processes by which the Fulani established their power in Nupe and those which led to the creation of the Ilorin Emirate. The only important difference is that the Nupes, being much less numerous than the Yorubas were completely absorbed into the Empire whereas in Ilorin the Fulanis succeeded in detaching and assimilating only one of the many states of Yorubaland”. If Afonja was familiar with Fulani political and military strategy, perhaps he may not have been doomed to become a victim thereof!

Upon Afonja’s assassination, Alimi’s son Abdusalami became Emir of Ilorin with military support from his Fulani kinsmen thus commencing since 1824 Fulani ruler-ship of Ilorin. By 1895, the Ilorin Yoruba indigenes had had enough-they revolted, rose against the incumbent Emir burnt his palace and killed him. The Fulani dynasty in Ilorin was in trouble, but was rescued by the British colonial administration (while the British were our imperial masters at that time, the global overlord today is America!!!) which re-instated de facto Fulani colonization of the town.

The elements of this tragedy are familiar! A powerful Yoruba “general” impelled by large ambitions turns his back on the collective and looks Northward to realise personal designs for power and territory; his Macbethian instincts are exploited by cunning Fulani political/religious expansionists who come as ally, but turn out to be the general’s nemesis-at the point the ambitious general hopes to celebrate his new kingdom, he loses his life and his ally’s descendants inherit the throne. Religion and piety are in the mix as Alimi clothed his strategy of infiltration and conquest in the garb of Islamic spiritual counsellor and political adviser. It was too late before Afonja and his court realized their foolishness! Having handed his “household” and “children” over to Alimi and later his son Abdusalami to teach, his descendants are brainwashed and dominated and they become a new underclass while erstwhile immigrants became their overlords. The excessive ambitions of the “clever” general result in a calamity of generational proportions for his people!

There must have been some intelligent people in Afonja’s Ilorin-friends, co-generals, chiefs, relatives, family members or the town’s intelligentsia-who may have wondered about the risks involved in Afonja’s strategy, but they kept quiet hoping their leader knew what he was doing! Some may have kept quiet out of ignorance, fear, naivety, greed or expediency; others may have hoped to become “ministers” in Afonja’s new “government”; while some just wanted to keep the privileges and patronage they enjoyed; some were mere sycophants typically found in any powerful man’s court; others may have been taken in by Alimi’s disguise; several may have been traders or businessmen who traded with Afonja or Alimi and wished to preserve their commercial license; most simply didn’t read the history books!!! Some just did not want to be unpopular in the anti-Oyo distemper of the times! Whatever their motivations, as his tragic death and the contemporary condition of the Ilorin people vividly illustrates, Afonja was blinded by power and ambition and did not know what he was doing!!!

Afonja’s rebellion at Oyo Empire’s northern frontier contributed to the collapse of that great and flourishing ancient empire, but unlike its 19th century equivalent, contemporary Yorubaland’s power and riches resides on the Southern coast!


https://www.thecable.ng/afonja-syndrome

THE PROBLEMS OF RAW MATERIAL IN PAINT INDUSTRIES
http://www.bravoprojecthelp.com/business-administration/the-problems-of-raw-material-in-paint-industry-in-zumba-and-macos-paint-onitsha/