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$600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta - Politics (7) - Nairaland

Nairaland Forum / Nairaland / General / Politics / $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta (29542 Views)

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Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by lexy2014: 8:55am On Dec 26, 2019
Olominira:


I don't know your age but seems you don't comprehend easily. Let me point it out numerically;

1. Nearly all the sectors of their economies are well developed and at their peaks on the other hand, Nigeria has largely undeveloped sectors

2. They have old population while Nigeria on the other has young population.

3. They have big debts in trillions dollars despite their smaller and old population compare to Nigeria case; less than $100bn debt, 200 million and mostly young.

4. Size of Population and available resources.

I think I make this clear enough. You can read my comments again to get detail explanation.

I am 12years old. That being said, I am certain that u are an adult. As an adult, I have put forward a few questions to u twice now, but u couldn't answer d questions. D questions of a 12year old. Let me repeat them for u again, making it d third time.:


What has been d youth population of Nigeria since 1960 compared to Japan, Germany & Norway that u are mentioning? Y is nigeria still not better than them? What has been Nigerias debt since 1960 compared to Japan, Norway and Germany? Y is Nigeria not yet better? Since 1960, Nigeria has always done better than Japan, Norway and Germany in terms of debt, natural resources and youth population. Y is Nigeria not more developed than them?

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Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by Mandesz(m): 9:21am On Dec 26, 2019
hakeemhakeem:
And you think foreign investors we sites their firm in kd based on sentiment without looking at pros and cons
hahaha. u people will just not read well b4 qoute. who talk of foreign investors or locations of industries? I simply talk of the extent nepotism, favoritism,ethnic and tribalism by our past leaders have worsen our development in Nigeria
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by Okoroawusa: 1:25pm On Dec 26, 2019
Biodun556:


Not only that. Ajaokuta is between Russian and Nigerian government. And it seems there are areas of disagreement delaying the project completion and take off. That should be the reason why they construct similar one in Kaduna.

The president is his last visit to Russia reached agreement with Russian president to complete the remaining 2 % of the project.
ok

thanks for the clarification
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by God1stson(m): 2:25pm On Dec 26, 2019
Rossikk:


You're right.
What u refered to as "Development" is not it in the real sense. Real Development starts from our "world view". Civilization begins from mindset. Any country not built on social justice, equity and respect for the rule of law is not developing no matter the number of skyscrapers or industry. Strong institutions are better than industrialization under a failed state. Because, issues or conflict could arise and level the whole infrastructure. Exactly the case of Libya, Iraq that were previously doing well, with no strong institutions. Today, these countries are in retrogression despite their initial giant strides.
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by googi: 3:16pm On Dec 26, 2019
It is these types of argument that make many people sour on foreign investments. Total dependency on foreign investments or investors is a mirage.

Only Europe has benefited from such Marshall Plan. But note that Americans saw themselves as an extension of Europe.

The Japanese adapted American technology the same way American stole European technology. Japanese worked on it and perfected their technology to be innovative.

The Chinese became member of World Trade Organization to spite Russia. The rest is history.

The Russians can afford to build nuclear and Space technology cheaper than Americans because they localized the technology.

Compare all these to Africans that never adapt, train locally and buy technology at international retail prices. BTW padded with more going back to foreigners.

Can't you guys see that this is why Africans are getting poorer and poverty map has shifted from Asia to Africa?

Look, if we were crawling without and out of reach or outrageous price of international technology, we would have been better off.

America itself became rich out of free labor and they have not stopped. Indeed, China, Russia apart from Europe have joined the scrabbling for Africa.

They have traitors from within preaching that Africa can only develop by selling both human and natural resources out, through Devaluations.

You guys were the ones preaching the benefits of liberal market and Devaluations to us. Now you are selling prospects that had never been achieved and will not be achieved in your lifetime.

STOP and develop from within for a change. If you cannot invent, steal like America from Europe, steal like Japan and China from America. Buy one plane or tractor, dismantle them and build your own.
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by Legendguru: 3:36pm On Dec 26, 2019
Oh
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by Lush100(m): 7:41pm On Dec 26, 2019
Thank God,
I have finally seen a brain nay I mean someone who understands what development is.
your last sentence summarizes what development is even a 5 year old boy will understand.
and someone a whole adult mentioned on this thread that our backwardness is due to the West.
I just laugh,
pls does Chinese or Japanese have 2 or 3 head per person.
this thing this people are doing here is not development. this is simply business.
the ajaokuta steel has rotten for how many years but you know what. it's because the Russian are the ones that developed that technology of steel, they can fix it anytime.
pls kindly tell.me what we are producing in Nigeria? my answer nothing. why because we haven't developed any real sector to the point that when we look 10 year back we see that we have brought new workable idea into a sector by ourselves and can sell it to other countries putting premium on the added value from such development.
see if these people whether indians or whoever tomorrow decide to stop production for whatever reason can we take that company to greater heights that in 10 years time the technology they are using today will be termed outdated? my answer is no.
so what exactly are we developing.





googi:
It is these types of argument that make many people sour on foreign investments. Total dependency on foreign investments or investors is a mirage.

Only Europe has benefited from such Marshall Plan. But note that Americans saw themselves as an extension of Europe.

The Japanese adapted American technology the same way American stole European technology. Japanese worked on it and perfected their technology to be innovative.

The Chinese became member of World Trade Organization to spite Russia. The rest is history.

The Russians can afford to build nuclear and Space technology cheaper than Americans because they localized the technology.

Compare all these to Africans that never adapt, train locally and buy technology at international retail prices. BTW padded with more going back to foreigners.

Can't you guys see that this is why Africans are getting poorer and poverty map has shifted from Asia to Africa?

Look, if we were crawling without and out of reach or outrageous price of international technology, we would have been better off.

America itself became rich out of free labor and they have not stopped. Indeed, China, Russia apart from Europe have joined the scrabbling for Africa.

They have traitors from within preaching that Africa can only develop by selling both human and natural resources out, through Devaluations.

You guys were the ones preaching the benefits of liberal market and Devaluations to us. Now you are selling prospects that had never been achieved and will not be achieved in your lifetime.

STOP and develop from within for a change. If you cannot invent, steal like America from Europe, steal like Japan and China from America. Buy one plane or tractor, dismantle them and build your own.
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by Kinikini: 10:21pm On Dec 26, 2019
Exactly.

quote author=lexy2014 post=85218716]

Brother I was thinking of this point u raised earlier in d day. If these are investing $600m, then there's massive concessions they will b getting from d govt same way they did in SA[/quote]
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by Babacele: 10:46am On Dec 27, 2019
Wao! this is huge and a big step to industrialization that Ajaokuta never brought as most companies depend on steel for one project or the other. God please help us see this through. Best Xmas gift. God bless Nigeria.
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by tck2000(m): 11:55pm On Dec 27, 2019
Super Story
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by spendoon: 9:47am On Jan 29, 2020
I just came across this thread today and to know we have patriotic citizens like the ones in this thread in Nigeria gives me hope and joy, for all those people who wants Nigeria to disintegrate well i want you all to know no region can be more developed than one Nigeria, the north should ask their brothers in niger republic,west should ask their brothers in benin republic east should also ask their brothers in Cameroon. Nigeria is the key and hope the black race has.
GOD bless north ,south,east,west and every other place in NIGERIA as a whole we shall get there together

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