One of the issues that held Nigeria back has been the lack of visionary leadership, the failure to develop a petrochemical industry value chain to the oil and gas industry is a shocking failure, that has failed to diversified Nigeria's industrial development.

The video below is how the Taiwanese government developed the semiconductor industry by changing their education from basic science to applied science research, focused on the development CMOS technology, and provided loans and security to major indigenous entrepreneurs, similar to the support given to Dangote, but lacking in the support for Innosson Motors

https://www.youtube.com/watch?v=9fVrWDdll0g&list=TLPQMjYwMzIwMjEjJjbKPJO3Gw&index=1&ab_channel=asianometry


It is a question that every developing country in the world wants to know: How can we upscale our economy? How can we make more competitive, technologically advanced product that everyone else wants?

The early 1970s gave the people of Taiwan such a challenge. Times were changing. The island needed to adapt in order to survive in a new world full of challenges. Its economy then was made up mostly of agricultural products and simple electronic assembly - exports of low value and would be easily replaced.

In this video, I want to briefly review how the government created a world-class next-generation manufacturer, the plan they followed, and what lessons we can take away as a result.