Osaremwantaelvi:
ATTENTION TO ALL OUR PRESIDENTIAL AND GOVERNORSHIP ASPIRANTS.

In case you don't know the root cause of our problems today, please take time out and read below:

As of 29/03/2022, the exchange rates were:

£1 = ₦783
$1 = ₦560
€1 = ₦670

42 years ago, precisely on 01/03/1980 the exchange rate was:
$1 = 0.78k

Are you surprised?

Well, we were far more productive in 1980 than we are today.

In 1980 the key reasons for economic growth were as follows:

1. We were a net exporter of refined petroleum products. Today we import all our refined petroleum products.

2. We rode in locally assembled cars, buses and trucks. Peugeot cars in Kaduna and Volkswagen cars in Lagos.

3. Leyland produced trucks/buses in Ibadan and ANAMCO in Enugu also produced buses and trucks.

4. Steyr in Bauchi produced our Agricultural tractors. And it was not just Assembly, we were producing many of the components:

5. Vono products in Lagos produced the vehicle seats.

6. Exide in Ibadan produced the batteries, not just for Nigeria but for the entire West Africa.

7. IsoGlass and TSG in Ibadan produced the windshields.

8. Ferrodo in Ibadan produced the brake pads and discs

9. Dunlop produced Tyres in Lagos and Mitchelin Tyres were produced in Port Harcourt. And I mean tyres produced from rubber plantations located in Ogun, Bendel and Rivers State.

10. We were listening to Radio and watching television sets assembled in Ibadan by Sanyo.

11. We were using refrigerators, freezers and Airconditioners produced by Thermocool and Debo.

12. We were putting on clothes produced from the UNTL Textile Mills in Kaduna and Chellarams in Lagos. They were Not from imported cotton but from cotton grown in Nigeria.

13. Our water was running through pipes produced by Kwalipipe in Kano and Duraplast in Lagos .

14. Our toilets were fitted with WC produced in Kano and Abeokuta.

15 We were cooking with LPG gas stored inside gas cylinders produced at the NGC factory in Ibadan.

16. Our electricity was flowing through cables produced by the Nigerian Wire and Cable, Ibadan; NOCACO in Kaduna and Kablemetal in Lagos and Port Harcourt.

17. We had Bata and Lennards Stores producing the shoes we were putting on. The shoes were not from imported leather but from locally tanned leather in Kaduna.

18. We were mainly flying our Airways, (the Nigeria Airways), to most places in the world. The Nigeria Airways was about the biggest in Africa at the time.

19. Most of the foods we ate were grown or produced in Nigeria.

We were producing all of the above and many more in 1980

Today, we import almost everything. Isn't that alarming?

There lies the source of the terrible exchange rate we are experiencing today and everyone reading this has a critical role to play in reversing this very UGLY trend.

We have been talking about these problems and more for ages.

It is not enough for us to complain about the exchange rate or point out what others are not doing or are failing to do. The key questions are:

1. What are we producing now?
2. What role are our so- called Leaders/ Politicians of today playing?

We are forever shying away from responsibility whereas it is a stack reality and if we don't deal with it, it won't go away. In fact it will get worse.

To our dear Politician, if you don't have the capacity to RESET Nigeria to what it was at least back in 1980 then please stay in your house and don't waste our time.

ENOUGH IS ENOUGH !!!

princemillla:
Good old days!!!! Doubt any of this can be achieved in 40 years to come

yesloaded:


It can be achieved within 10years but our politicians are not ready for that because the present system is their money making machine

Nosayer:
As a matter of fact, the politicians were the only ones who singlehandedly killed those companies.

Some of our parents who headed those companies at some point became so greedy so much that in the case of Wire and Cable in Ibadan for example, you'll hear stories of MDs who looted the company till they folded up.

Politicians started the trend of pulling affluent lifestyle into the faces of ordinary citizens, ordinary citizens began to steal and all those companies started dying. Now, even bureaucrats are stealing pensions and gratuities from one another. Many of them would tell you that they're expecting pittance after retirement so they steal as much as they wanted to before they retire.


Our value system is down, really down and sincerely, it will take some very strong consistent iron hands at several levels of government to set it right again. This generation of politicians we have presently don't look fit for the task.

Okoroawusa:

I liked your comment

mrvitalis:
Firstly those industries u mentioned were artificially shielded from competition and they never really matured

When awolowo nationalised companies the foreign brains left ....

Nigeria production have been on the decline since Igbos left in 1966 check it n find out it only held on to the 80s before the failures became obvious

Same airlines Nigerians failed to make work is the same airlines business airpeace is growing and expanding in

Same car manufacturering is what innoson is doing

Wire curtax is doing that in Anambra

When you depend on foreign direct investment when they investors are not staying ..trust me u would never grow

jude79:




Your submissions are accurate, my father was with uac before the war, he was training many newly employed south westerners before the war started, and the igboes left, when he came back, the whites wanted him back because of his expertise, but same south westerners he was training fought against him heading them, he resigned and came down to the east and learnt trading from a man who later became his father in law, he was able to build his own business and moved on, after some years uac Nigeria packed up.

jude79:




Your submissions are accurate, my father was with uac before the war, he was training many newly employed south westerners before the war started, and the igboes left, when he came back, the whites wanted him back because of his expertise, but same south westerners he was training fought against him heading them, he resigned and came down to the east and learnt trading from a man who later became his father in law, he was able to build his own business and moved on, after some years uac Nigeria packed up.

jude79:




Your submissions are accurate, my father was with uac before the war, he was training many newly employed south westerners before the war started, and the igboes left, when he came back, the whites wanted him back because of his expertise, but same south westerners he was training fought against him heading them, he resigned and came down to the east and learnt trading from a man who later became his father in law, he was able to build his own business and moved on, after some years uac Nigeria packed up.

JAMO84:
So UAC packed up because your father left?

Your father must be Albert Einstein

Osaremwantaelvi:
ATTENTION TO ALL OUR PRESIDENTIAL AND GOVERNORSHIP ASPIRANTS.

In case you don't know the root cause of our problems today, please take time out and read below:

As of 29/03/2022, the exchange rates were:

£1 = ₦783
$1 = ₦560
€1 = ₦670

42 years ago, precisely on 01/03/1980 the exchange rate was:
$1 = 0.78k

Are you surprised?

Well, we were far more productive in 1980 than we are today.

In 1980 the key reasons for economic growth were as follows:

1. We were a net exporter of refined petroleum products. Today we import all our refined petroleum products.

2. We rode in locally assembled cars, buses and trucks. Peugeot cars in Kaduna and Volkswagen cars in Lagos.

3. Leyland produced trucks/buses in Ibadan and ANAMCO in Enugu also produced buses and trucks.

4. Steyr in Bauchi produced our Agricultural tractors. And it was not just Assembly, we were producing many of the components:

5. Vono products in Lagos produced the vehicle seats.

6. Exide in Ibadan produced the batteries, not just for Nigeria but for the entire West Africa.

7. IsoGlass and TSG in Ibadan produced the windshields.

8. Ferrodo in Ibadan produced the brake pads and discs

9. Dunlop produced Tyres in Lagos and Mitchelin Tyres were produced in Port Harcourt. And I mean tyres produced from rubber plantations located in Ogun, Bendel and Rivers State.

10. We were listening to Radio and watching television sets assembled in Ibadan by Sanyo.

11. We were using refrigerators, freezers and Airconditioners produced by Thermocool and Debo.

12. We were putting on clothes produced from the UNTL Textile Mills in Kaduna and Chellarams in Lagos. They were Not from imported cotton but from cotton grown in Nigeria.

13. Our water was running through pipes produced by Kwalipipe in Kano and Duraplast in Lagos .

14. Our toilets were fitted with WC produced in Kano and Abeokuta.

15 We were cooking with LPG gas stored inside gas cylinders produced at the NGC factory in Ibadan.

16. Our electricity was flowing through cables produced by the Nigerian Wire and Cable, Ibadan; NOCACO in Kaduna and Kablemetal in Lagos and Port Harcourt.

17. We had Bata and Lennards Stores producing the shoes we were putting on. The shoes were not from imported leather but from locally tanned leather in Kaduna.

18. We were mainly flying our Airways, (the Nigeria Airways), to most places in the world. The Nigeria Airways was about the biggest in Africa at the time.

19. Most of the foods we ate were grown or produced in Nigeria.

We were producing all of the above and many more in 1980

Today, we import almost everything. Isn't that alarming?

There lies the source of the terrible exchange rate we are experiencing today and everyone reading this has a critical role to play in reversing this very UGLY trend.

We have been talking about these problems and more for ages.

It is not enough for us to complain about the exchange rate or point out what others are not doing or are failing to do. The key questions are:

1. What are we producing now?
2. What role are our so- called Leaders/ Politicians of today playing?

We are forever shying away from responsibility whereas it is a stack reality and if we don't deal with it, it won't go away. In fact it will get worse.

To our dear Politician, if you don't have the capacity to RESET Nigeria to what it was at least back in 1980 then please stay in your house and don't waste our time.

ENOUGH IS ENOUGH !!!

OFFICIAL336:
Most of these were produced locally in Aba before the war, earning the city the name "Japan of Africa"

During the war, most of the industries were destroyed, while others left, leaving the burdent of serving the entire nation on the industries in West and North.

To bridge the gap, Igbos moved into heavy importation, bringing better goods at more affordable prices.

The proceed were used to rebuild the cities Yoruba and Hausa ancestors totally destroyed, today SE has leveled up as if they didn't even fight any war, with villages more beautiful than Yoruba villages that didnt fight any war.

By fighting Ndi Igbo, they destroyed their economy and they are now online on Nairaland crying.

When Igbo, Yoruba, Northern Industried were operational, Nigeria was a net exporter, with a currency stronger than dollar.

But hatred destroyed everything.

Yoruba ancestors gave Igbos 20 pounds to start afresh and today, the descendants of those who fought war now live in better houses than the descendants of the invaders, who cling onto Lagos, a former capital to have something to brag about.


Hatred doesn't pay.

JAMO84:
So UAC packed up because your father left?

Your father must be Albert Einstein

Transcriber:
who is this one decieving?

Osaremwantaelvi:
ATTENTION TO ALL OUR PRESIDENTIAL AND GOVERNORSHIP ASPIRANTS.

In case you don't know the root cause of our problems today, please take time out and read below:

As of 29/03/2022, the exchange rates were:

£1 = ₦783
$1 = ₦560
€1 = ₦670

42 years ago, precisely on 01/03/1980 the exchange rate was:
$1 = 0.78k

Are you surprised?

Well, we were far more productive in 1980 than we are today.

In 1980 the key reasons for economic growth were as follows:

1. We were a net exporter of refined petroleum products. Today we import all our refined petroleum products.

2. We rode in locally assembled cars, buses and trucks. Peugeot cars in Kaduna and Volkswagen cars in Lagos.

3. Leyland produced trucks/buses in Ibadan and ANAMCO in Enugu also produced buses and trucks.

4. Steyr in Bauchi produced our Agricultural tractors. And it was not just Assembly, we were producing many of the components:

5. Vono products in Lagos produced the vehicle seats.

6. Exide in Ibadan produced the batteries, not just for Nigeria but for the entire West Africa.

7. IsoGlass and TSG in Ibadan produced the windshields.

8. Ferrodo in Ibadan produced the brake pads and discs

9. Dunlop produced Tyres in Lagos and Mitchelin Tyres were produced in Port Harcourt. And I mean tyres produced from rubber plantations located in Ogun, Bendel and Rivers State.

10. We were listening to Radio and watching television sets assembled in Ibadan by Sanyo.

11. We were using refrigerators, freezers and Airconditioners produced by Thermocool and Debo.

12. We were putting on clothes produced from the UNTL Textile Mills in Kaduna and Chellarams in Lagos. They were Not from imported cotton but from cotton grown in Nigeria.

13. Our water was running through pipes produced by Kwalipipe in Kano and Duraplast in Lagos .

14. Our toilets were fitted with WC produced in Kano and Abeokuta.

15 We were cooking with LPG gas stored inside gas cylinders produced at the NGC factory in Ibadan.

16. Our electricity was flowing through cables produced by the Nigerian Wire and Cable, Ibadan; NOCACO in Kaduna and Kablemetal in Lagos and Port Harcourt.

17. We had Bata and Lennards Stores producing the shoes we were putting on. The shoes were not from imported leather but from locally tanned leather in Kaduna.

18. We were mainly flying our Airways, (the Nigeria Airways), to most places in the world. The Nigeria Airways was about the biggest in Africa at the time.

19. Most of the foods we ate were grown or produced in Nigeria.

We were producing all of the above and many more in 1980

Today, we import almost everything. Isn't that alarming?

There lies the source of the terrible exchange rate we are experiencing today and everyone reading this has a critical role to play in reversing this very UGLY trend.

We have been talking about these problems and more for ages.

It is not enough for us to complain about the exchange rate or point out what others are not doing or are failing to do. The key questions are:

1. What are we producing now?
2. What role are our so- called Leaders/ Politicians of today playing?

We are forever shying away from responsibility whereas it is a stack reality and if we don't deal with it, it won't go away. In fact it will get worse.

To our dear Politician, if you don't have the capacity to RESET Nigeria to what it was at least back in 1980 then please stay in your house and don't waste our time.

ENOUGH IS ENOUGH !!!

Nosayer:
As a matter of fact, the politicians were the only ones who singlehandedly killed those companies.

Some of our parents who headed those companies at some point became so greedy so much that in the case of Wire and Cable in Ibadan for example, you'll hear stories of MDs who looted the company till they folded up.

Politicians started the trend of pulling affluent lifestyle into the faces of ordinary citizens, ordinary citizens began to steal and all those companies started dying. Now, even bureaucrats are stealing pensions and gratuities from one another. Many of them would tell you that they're expecting pittance after retirement so they steal as much as they wanted to before they retire.


Our value system is down, really down and sincerely, it will take some very strong consistent iron hands at several levels of government to set it right again. This generation of politicians we have presently don't look fit for the task.