2muchlogic:

Exactly! They should go and read up on CAP, the Europeans produce so much food they have to burn it! Since WW2 they have made food security a top priority.  North Koreans are starving and they think South Koreans can boost their Agriculture? If it was electronics or microchips maybe but Agriculture?  What comparative advantage do Africans have apart form mineral resources and land?

aribisala0:

gully erosion might not make that area very attractive

2muchlogic:

I think you meant "seize to amaze", if so can you please tell me what they will be handing over?


Great can you tell me where and how much tax they will pay?

aribisala0:

oil ompanies/julius berger and others have been in nigeria for years .if they left tomorrow who can do what they do

emmatok:

Corrected Mr Teacher.

Have you ever heard of BOT b4?

You are talking as if they will ship the land and the equipment away to their country when they are leaving.

Weather they like it or not they are going to pay TAX on that investment, it is left to government to determine how much they pay.

I will like you to tell me which in Nigerian bank as at today will borrow any state govt $400milla.

And at what interest rate% if they(Nigerian banks ) will.

Any way you look at it, it is a WIN WIN for EKITI people.

2muchlogic:

Naw! I did not say that lol! BOT? Yes that stands for Bank Of Tanzania lol! and why can't a Nigerian bank lend a state $400 million for development? Every time i switch on CNN I see adverts for Nigerian banks and they don't come cheap

emmatok:

No Nigerian Bank can do that, in these Sanusi era.

fyneguy:

He added that the investors would hand over the project to the Ekiti State Government after three years of managing it, explaining further that the scheme is also expected to provide free construction materials as well as tools for rural farmers.

Is it me or some people did not read this in the article?

For your information, not all agri-biz investors are interested in land ownership. From what I could infer from the article, the investor is more interested in the farm produce. They have offered the government what we call guaranteed purchase- I buy anything you produce- this may be 100% or less over a definite period of time, which may be extended with right of first refusal.

The company is bringing money, managerial and technical expertise which will be transferred to the employees within 3 years of operation.

I don't see anything sinister in this offer. If anything, the company could have cleverly structured their offer to Ekiti government, with little or nothing
going to Ekiti.

jmaine:

Investment in the buried but highly profitable agricultural minefield is being considered for resuscitation in an inland state and people are being overtly and in-considerably pessimistic . . . The same lands that has remained idle for years

jmaine:

It's like saying the likes of SHELL, and the other major players in oil and gas downstream sectors should have been prevented from coming to the develop that sector simply because they would recolonize all of us . . .

jmaine:


Hope we will also have interest in mining potential of Ekiti state cos they are some useful minerals underground that could spring out good industries nearby . , .

jmaine:

Foreign investment with good governing oversight will yield good results any day . . .

2muchlogic:

Why has it remained idle for so long? maybe those who love the place so much on NL can tell us why 

They have re-colonized Nigeria, are you unaware of their exploits? The pollution? Now large areas of land are USELESS.

Typical, 'let foreigners do it for us' - whats all of the education in Nigeria for? Where are the companies?

How often dose that happen in Nigeria? Do you think it will start in Ekiti lol! 

jmaine:

It's like saying the likes of SHELL, and the other major players in oil and gas downstream sectors should have been prevented from coming to develop that sector simply because they would recolonize all of us . . .

It's a pity that we allowed our glaring tribal and ethnic lines dating pre independence(which provided an immense breeding ground for corruption and nepotism) to divert our attention from what we would have gained from the likes of Shell and co . .

jmaine:

Foreign investment with good governing responsibility will yield good results any day . . .

Bishopking:

The push towards grabbing of arable lands for agriculture tells me something. That is the world need food. The world is hungry. As reasonable person, if I should be in charge of the land, I would be involved directly in agriculture (upstream and downstream) I would not sell what I have as leverage.

I am surprised that some of our posters have been saying some ludicrous things as this is the development that they were hoping for. They reasoned along the line of job creation. This, for me is lame. If we develop our agriculture, would we not employ our graduates? Will we not be able to process the crops, hence creating more employments and at the same time earn revenues by exportation of processed foods, drinks and beverages? why are we always 'short-circuit' thinkers?

My African brothers and sisters, please remember how we sold our people to slavery. Please remember how oil companies took over Niger-Delta and turned the place to environmental disaster. Please remember that we also can compete with these Asians. Think about the future. Remember Esau in the bible. God bless us. Amen

jmaine:

Investment in the buried but highly profitable agricultural minefield is being considered for resuscitation in an inland state and [size=18pt]people are being overtly and in-considerably pessimistic[/size] . . . The same lands that has remained idle for years and intelligent minds keep asking us why are we crying about food scarcity when our lands are so fertile . . . It's like saying the likes of SHELL, and the other major players in oil and gas downstream sectors should have been prevented from coming to develop that sector simply because they would recolonize all of us . . .

It's a pity that we allowed our glaring tribal and ethnic lines dating pre independence(which provided an immense breeding ground for corruption and nepotism) to divert our attention from what we would have gained from the likes of Shell and co . . Wish there will also be an interest in mining potential of Ekiti state cos they are some useful minerals underground that could spring out good industries nearby . .  [size=18pt]Foreign investment with good governing oversight will yield good results any day[/size] . . .

jmaine:


And the moment the emboldened part below is handled efficiently [/b]due to our evolving democratic experiment . .then i see no reason why we should chose to remain stubbornly stagnant than accept little assistance wherever possible while we learn and become [b]challenged . . . GLO is making a statement to that effect . . . We still have some good people in Government . . and hope you believe that ?

2muchlogic:

Well I think you are contradicting yourself, on the one hand you accuse people of being pessimistic then you claim:

2muchlogic:


When will that moment be? There has never been good over-sight due to the absence of strong institutions therefore the skepticism is justified. GLO Babangidas stolen loot invested is a good NIGERIAN company, a good example of buying and implementing technology rather than inventing it.  However, contrary to its name it has NOT gone global I wonder why? maybe its due to the presence of stringent telecommunication regulations.  

jmaine:


We still have some good people in Government . . and hope you believe that ?