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American Economist Predicts Economic Doom For Nigeria If Igbos Go - Politics - Nairaland

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American Economist Predicts Economic Doom For Nigeria If Igbos Go by Nobody: 12:18pm On Jul 05, 2017
Nigeria should beg Igbos not to go, because it has been forecast by a Stanford University economist Tony Seba that in the next 8 years, manufacture of petrol-powered cars will be phased out worldwide in place of electric cars. According to him, all the major oil producing countries in the world like Nigeria would be seriously hit by this industrial revolution. What has that got to do with the Igbos? 2 Major things.

1. Urgent Need To Create Level Playing Ground For The Industious Igbos To Build Startup Industries. Igbos Have The Capacity To Create Industries That Would Replace Petroleum As Major Foreign Exchange Earners. The Igbos have been known to create billion dollar industries from scratch, like Nollywood, Chinedu Echeruo’s Hotstop app, and other world beating products/services/industries. Rather than marginalize the Igbos, Nigeria should give them what they have always asked for, a level playing ground, so that they can create many things we can sell for foreign exchange.

I know the day our current recession really started. That day, we were browsing and saw where it was announced that Obama has dropped the ban on the US exploiting its crude oil. I immediately realized that recession may soon come, because the US was then buying 10% of its oil from Nigeria. I know some months when Nigeria couldnt find buyers for its barrels of oil, and the barrels remained unsold.

Even with that, most of Nigeria’s income still comes from crude oil sales. But let me tell you: if we don’t begin to seriously diversify, we may enter a much more serious recession in 8 years time. Just because the United States stopped buying crude oil from us and started producing its own oil, we have been shaking. Imagine what could happen when the world itself stops buying crude oil.

So, those artisans at Aba should be fully supported to build up their products, not just to supply the Nigerian market, but also to export to earn Nigeria more foreign exchange. We should take this Stanford professor seriously. Remember the biblical story of how the Egyptians avoided famine that came 7 years later. After Joseph interpreted Pharaoh’s dream about 7 fat and 7 lean years, the Egyptians seriously began to prepare for the 7 lean years. And when that time came, the nations around that were consumed by famine even had to go to Egypt to import food.

This Stanford University Economist has told us what is likely to happen in 8 years time. Let us take him seriously and begin to prepare for our ‘lean’ years, when the world would dump petrol-powered cars and fully embrace electric-powered cars.

2. Urgent Need For Nigeria To Embrace Enugu’s Coal: Gas for electricity is always scarce. This has led to frequent electricity shortages in Nigeria – now that we are just using electricity to power our houses and factories. What would then happen in 8 years time when we begin to use electricity to power new transport vehicles, when petrol powered cars are phased out?

This is the time for the government to begin to build coal-fired power plants to prepare for that period. I end by sharing portions of the prediction as The Sun published it. Let Nigeria throw away any ill feelings against Ndigbo and ask, no even plead with Ndigbo not to leave.

"Nigeria may likely be in deeper economic trouble with the recent verdict by Standford University economist Tony Seba that leading automobile manufacturers in Asia, Europe and the United States, will discontinue the manufacture of petrol-powered cars, buses and trucks in the next eight years.

"After eight years, he said that the entire market for land transport will switch to electronic powered transport system. According to him, this will lead to the collapse of oil prices and the demise of the petroleum industry, Nigeria’s key foreign exchange earner.

"In a futuristic forecast by Standford University economist, Tony Seba, people will switch en masse to self-drive electric vehicles (EVs) that are 10 times cheaper to run than fossil-based cars, with a near-zero marginal cost of fuel and an expected lifespan of 1 million miles (1.6 million kilometres).

"Seba, however, said that only nostalgics will cling to the old habit of car ownership whereas the rest will adapt to vehicles on demand.

"He observed that it will become harder to find a petrol station, spares, or anybody to fix the 2000 moving parts that bedevil the internal combustion engine and dealers will disappear by2024.

"He said, 'Cities will ban human drivers once the data confirms how dangerous they can be behind a wheel. This will spread to suburbs, and then beyond. There will be a “mass stranding of existing vehicles”. The value of second-hand cars will plunge. You will have to pay to dispose of your old vehicle. It is a twin “death spiral” for big oil and big autos, with ugly implications for some big companies on the London Stock Exchange unless they adapt in time'”.

"According to him, the long-term price of crude will fall to $US25 a barrel while most forms of shale and deep-water drilling will no longer be viable."

'Assets will be stranded. Scotland will forfeit any North Sea bonanza. Russia, Saudi Arabia, Nigeria, and Venezuela will be in trouble. It is an existential threat to Ford, General Motors, and the German car industry.'

Source: http://zikistmovement.igbodefender.com/2017/07/05/american-economist-predicts-economic-doom-for-nigeria-if-igbos-go/#more-3191

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Re: American Economist Predicts Economic Doom For Nigeria If Igbos Go by whitebeard(m): 12:18pm On Jul 05, 2017
Shite everywhere. angry people stop being deceived..

2 Likes

Re: American Economist Predicts Economic Doom For Nigeria If Igbos Go by Nobody: 12:43pm On Jul 05, 2017
whitebeard:
Shite everywhere. angry people stop being deceived..
Accept the truth.

2 Likes 1 Share

Re: American Economist Predicts Economic Doom For Nigeria If Igbos Go by Nobody: 12:45pm On Jul 05, 2017
You are right. But would they ever listen to your wise views?

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Re: American Economist Predicts Economic Doom For Nigeria If Igbos Go by EvilMetahuman: 1:20pm On Jul 05, 2017
Another concorted nonsense just to feel important.

Its known fact that igbos are the biggest parasite as shown by 2016 igr.

Leaving will only mean more resources and money for the rest of us. Nonsense.

3 Likes

Re: American Economist Predicts Economic Doom For Nigeria If Igbos Go by whitebeard(m): 1:24pm On Jul 05, 2017
igbodefender:
Accept the truth.
angry why because it in support of Igbo's, u are a tribalist, it it was in support of Igbo's u would have said otherwise, face all of them in a battle u are sure to win, stop being a tribalist and being manipulated from one leader to another.
Re: American Economist Predicts Economic Doom For Nigeria If Igbos Go by Lushore1: 1:31pm On Jul 05, 2017
So this trash is written by an economist?
Re: American Economist Predicts Economic Doom For Nigeria If Igbos Go by Deedeedee3: 1:32pm On Jul 05, 2017
Funny enough this is one of the reason why the northerners want to chase you out of their land so to prove to you that all these your noise are just lies. They want you to know that they are surviving not because of you. When you get biafra, you will have no one to blame.

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Re: American Economist Predicts Economic Doom For Nigeria If Igbos Go by Nobody: 1:39pm On Jul 05, 2017
Deedeedee3:
Funny enough this is one of the reason why the northerners want to chase you out of their land so to prove to you that all these your noise are just lies. They want you to know that they are surviving not because of you. When you get biafra, you will have no one to blame.
Don't say Northerners. there are so many good Northerners. Say Anti-Igboists like you (doesn't matter your tribe).

No one needs to commit genocide to prove anything, ok? You, Deedeedee3 do not need to commit genocide that would bring ICC to your doorstep to prove anything to anyone. Get it.

The Igbo race is a great and humble race.

2 Likes

Re: American Economist Predicts Economic Doom For Nigeria If Igbos Go by Nobody: 1:46pm On Jul 05, 2017
venai:
You are right. But would they ever listen to your wise views?
Thank you, Wise One. We must shout it from the rooftops. The Chosen Ones will hear and understand. The Unchosen, no matter how many times they listen, will will not understand.

They will scoff and say 'mchew'. So it was even in the days of Noah.

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Re: American Economist Predicts Economic Doom For Nigeria If Igbos Go by GMBuhari: 1:48pm On Jul 05, 2017
The same way Trump Promised Biafraudians Biafra Yesterday July 4th ?

The same way ArabLeague warned Buhari not to let them go /??

The same way Biafraudian Referendum has passed 2nd reading in UN ?


The american economists have no name , or group , there's no excerpt , quote or reference to the original writings of the group



Nothing we no go hear
Re: American Economist Predicts Economic Doom For Nigeria If Igbos Go by Nobody: 1:51pm On Jul 05, 2017
GMBuhari:
The same way Trump Promised Biafraudians Biafra Yesterday July 4th ?

The same way ArabLeague warned Buhari not to let them go /??

The same way Biafraudian Referendum has passed 2nd reading in UN ?


The american economists have no name , or group , there's no excerpt , quote or reference to the original writings of the group



Nothing we no go hear
You, Sir are wrong on all counts. Please go back and read the article, and this time read it s l o w l y. In fact, very very slowly.
Re: American Economist Predicts Economic Doom For Nigeria If Igbos Go by GMBuhari: 2:04pm On Jul 05, 2017
Well, I did not bother to read because posts from you and your types are full of lies


And again, Tony Seba did not mention anything about Enugu coal , as your write up indicated, he even discouraged coal and favored electricity
and other forms of energy instead , shame you had to include that lie


It's status quo for you people

igbodefender:
You, Sir are wrong on all counts. Please go back and read the article, and this time read it s l o w l y. In fact, very very slowly.
Re: American Economist Predicts Economic Doom For Nigeria If Igbos Go by naijaguy123456(m): 2:05pm On Jul 05, 2017
Who is behind this biafra*d fake news, who cares if you go or not. Earlier you go the better.

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Re: American Economist Predicts Economic Doom For Nigeria If Igbos Go by Deedeedee3: 2:06pm On Jul 05, 2017
igbodefender:
Don't say Northerners. there are so many good Northerners. Say Anti-Igboists like you (doesn't matter your tribe).

No one needs to commit genocide to prove anything, ok? You, Deedeedee3 do not need to commit genocide that would bring ICC to your doorstep to prove anything to anyone. Get it.

The Igbo race is a great and humble race.
Where in my comment did you hear me write genocide? So you mean the North sending you out of their land automatically means they want to perpetrate genocide against your people?
See my man, all this your ego is one of the reason why everybody want your dirty ass out. You claim people wont survive without you and the people want you out so to prove to see if your claim is true.
And for you calling me an anti-igboist. Yes i hate Igbos a lot. This is why i support the country disintegrated. At least i dont pretend. Your people stink me
Re: American Economist Predicts Economic Doom For Nigeria If Igbos Go by GMBuhari: 2:06pm On Jul 05, 2017
And your title is misleading , he did not predit any doom for Nigeria if Yeebos go , in fact , Tony seba concluded that by 2020-2030 , the " awa Oyel" that you've been using to blackmail Nigeria all these while will become useless , it'll sell for $20 per barrel by then and that whole world would stop consuming carbon based fuel


http://www.vanguardngr.com/2017/07/petrol-cars-will-vanish-8-years-nigeria-trouble/

https://tonyseba.com/


And that Petrol cars will vanish after 8 years , maybe not in Nigeria but world wide

http://www.nan.ng/opinion/petrol-cars-will-vanish-in-8-years-nigeria-in-more-trouble/

Stop lying because not everybody is brain dead
Re: American Economist Predicts Economic Doom For Nigeria If Igbos Go by profhezekiah: 2:12pm On Jul 05, 2017
We say NO, we need them no more.
Re: American Economist Predicts Economic Doom For Nigeria If Igbos Go by Nobody: 2:19pm On Jul 05, 2017
profhezekiah:
We say NO, we need them no more.
Remember Noah's Ark. Remember Joseph's dream.
Re: American Economist Predicts Economic Doom For Nigeria If Igbos Go by nototribalist: 2:55pm On Jul 05, 2017
I can see Afonjas coming, oh they're here already. They fear anything biafra

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