₦airaland Forum

gallivant:
Only in Tanzania...

https://pbs.twimg.com/media/E0o7-fNWQAw6eTk.jpg

Read the whole story here..

https://twitter.com/tanzaniadaily/status/1389989776250609669

ProblemChild1:
A poultry farmer in the North West Province of South Africa says he is planning to put in a 1.5 million rand (40.5 million naira) claim against the electricity provider Eskom after power disruptions at his farm killed an estimated 40 000 to 50 000 of his flock.

Herman du Preez, owner of the Frangipani Boerdery in Lichtenburg, told News24 on Thursday that it was difficult to know the exact death toll, as chickens were still dying.

Problems began in mid-December when problems with a transformer prompted Eskom to connect the area to another line, he said, but there had been variations in the voltage that damaged equipment such as pumps and motors.

Problems came to a head on Monday night, when insufficient voltage resulted in the air conditioning at one of the farm's chicken houses to shut down, he said. The farm has about 550 000 chickens.

"I'm busy with my homework. I'm waiting for reports from my electrician," said Du Preez. Eskom technicians had visited the farm on Wednesday in order to turn up the voltage, said Du Preez, but he added that he was now concerned about a surge if Eskom ultimately restores the area's transformer.

"So that's the next disaster that's going to happen," he said.

The continuation of Stage 6 load shedding (planned powercuts) in 2023 has sparked fears that disruptions in the agricultural supply chain could push up already elevated food prices and even result in shortages. 🔚

https://www.google.com/amp/s/www.news24.com/amp/fin24/economy/see-farmer-to-put-r15m-claim-to-eskom-after-tens-of-thousands-of-chickens-killed-20230119

IfnobeGod20:
Where are they doing it? All refineries owned by government are moribund till date, aside Dangote that is building one in Lagos, which cannot carter for 20% of our daily consumption. Where they are taking the crude oil to, if their own refineries are moribund would they have the opportunity of taking the crude oil there. Common sense should have told them to fix theirs but no way.
Even if they cannot fix the existing ones, they should at least encourage modular refineries and empower private individuals to do so under the control of government. This will go along way to soften this perennial problem of subsidy regime that is crippling our economy.

IfnobeGod20:
But why is the government refusing doing the right thing? What stops the government revamping the moribund refineries and even build new ones. With the new refineries and revamping the existing ones, the subsidy regime will fizzle out automatically but those benefiting from the subsidy regime doesn't want the right thing to be done. Until we fix the refineries and build the new one, we will continue to suffer unabated and the government will always transfer the burden to the citizens.
Funnily, none of the presidential candidate is talking about building refineries or revamping the existing ones to work optimally.
We have a bigger problem as a country because we like chasing shadows, instead of facing issues squarely and roundly.

But why is the government refusing doing the right thing? What stops the government revamping the moribund refineries and even build new ones.

Obaaderemi2:
First of all, establishing an industry is different from building factories.

When Morroco was going to start pulling itself out of poverty, the king and his cabinet focused on certain industries, real estate and textiles were among. Same goes for Bangladesh especially. Nigeria can do same. Not building factories but stimulating capacity in certain industries. The government can create a hub, invite major international players in such industries such as clothing and shoes mass production, and take stakes in such companies through investments arranged through commercial banks or through such sweetness as tax exemptions for a certain period of years. To put up basic facilities for such hubs would cost money but not as high as building a bridge we could ill afford, thereby digging ourselves into debts and still failing to create jobs or grow the economy. With time you'll see how well developed the economy and society would be when such industries take on a life of their own.

Even if you create an enabling environment in a place like Nigeria the private sector would still move slowly because of paucity of funds unless the government stimulate certain industries it has picked with funds.

Let me give you the example of South Korea. The chaebols which later became the big multinationals you see today were all tiny family businesses beforer the Korean war. With American aid and grants after the war the government invested in those companies. Some went into electronics, others into car manufacturing. Samsung was a playing card business until then I think.
The government gave Hyundai money and pushed its owner into building ships which it had never done until then, today it's one of the biggest in that industry.

Or is it the Chinese phone and electronics companies we want to talk about? It is heavily government influenced. Why can't we do similar things in Africa?

I go to places like Osun state and I see shiny new roads and structures that would soon become descrepit with billions wasted while their people are hungry and jobless. Seyi Makinde spent #28bn naira providing street lights in Oyo State powered with diesel. One year after it's hardly functioning. Now imagine if he had spent#14bn creating a food processing and packaging hub in Oyo State. YNorth is a small shoemaking business in Ibadan. The guy's shoes and shirt rival what we import from Italy. Why not create a hub for such people and invest heavily in their businesses. Now the governor has started work on a 110km Ibadan Circular Road.
And we keep complaining about lack of jobs. All the roads Aregberascal built in Osun, how have they stimulated growth of Osun?

Or should I give you the example of Volkswagen which is today Europe's biggest carmaker and how Hitler started it by deducting workers salaries? (Hitler madman)

We don't have the luxury of the American model to follow in Africa. America has a rich private investment culture that Africa and Asia lack. That's why China and Korea didn't follow such models at the initial stage. If Africa is going to rise the government has to be involved in industries, not just trying to create enabling environments and then sitting on their dicks waiting for investors to come. The government's business must be business.

AfriqueDuZuid:
Egypt bubble may be first to burst.

Their currency went from $1:12 to $1:28 Egyptian pounds.
Dept repayment a struggle.
Inflation
Etc

Warnings of economic collapse have been issued by imf, worldbank

Obaaderemi2:
Roads are important, I agree.
But digging ourselves into so much debt to China to put up sgr services that are not adding much to the economy.

Lee Kwan Yew told the story of a factory he visited in China in the 70s before China became prosperous. The road to the factory was bad, but the factory was doing good production.
When he asked why the government didn't build the road first, the manager told him they had two options: build a road or build a factory. They built the factory knowing fully well that the factory would generate employment, develop the local economy which in turn would be able to produce the Money to build the road. And that's what happened when he returned there years later. Chinese are very smart people and less corrupt than us.

Most of the infrastructure you see in Africa are just showoffs. They're not adding much to the economies. Nigeria at this point should focus more on food production and electricity supply than that sgr project or things like 2nd Niger Bridge. Lagos should be more concerned about clean water supply, cheap housing and the state of the environment than talking about spending billions of borrowed money on a 4th mainland bridge. And what's wrong with Lagos establishing a clothing industry to tap into the USA AGOA opportunity? This is something that can create employment and increase igr.

Shaytun:
But we can’t stimulate the economy now without building infrastructure now can we?

Infrastructure is important, without good roads , we can’t open up our economy for expansion.

popizaino:
Not to drag this further. Honestly, every country has owned up to the ills facing their country except for the Ghanaians and it's why I am deep neck in their case. To them they are just so perfect and better than every other country here in all ramifications. How deluded can be be ? They should stop painting a false rosy picture of an utopian Ghana that does not exist anywhere except in the figment of their own stupid imagination.

Obaaderemi2:
Africa is not doing well at all. North Africa is an exception of some sort because of their proximity to Europe. The Sahara desert that cut subsaharan Africa off from the developed world of the middle ages did Africa a lot of harm.

This year 2023 might even be tougher for Africa if we don't put great energy into planning and action concerning our economies. We are saddled with debt with little production, Kenya for example.

We spent massively on shiny infrastructure just to look good without paying attention to the economy. We forget that as important as infrastructure is, compared to the real economy infrastructure is just the window shop item while the economy is the real weapon behind the counter.

Education, environment and economic growth are three areas we need to seriously focus on if we want to dig Africa out of the whole it has put itself into.

chrisooblog:
It's all about facts no beef for anyone except Kenya

In all seriousness each African country has unique qualities and achievements they should be proud of.

On the flip side apart from the entertainment value and banter we should all be sober cus for the most part our countries aren't shiitt.

Nigeria giant of Africa but despite crude oil no refinery is working. No constant power. poverty rampant

Ghana economy in crisis borrowing from IMF for the upteenth time.

Kenya IMF issues as well. lack food security and poverty issues as well.

SA battling load shedding inequality and poverty not as rampant but still an issue.

And these 4 aforementioned countries are supposed to be the pillars of the continent.

Was reading somewhere that except for Libya all the North African countries provide the most consistent power supply in Africa men we have a long way to go.

pol23:
Atiku has my vote.
Obi winning isn’t a bad .
I'm not a fan of Tinubu's ideology.
Whatever you do.
Vote not fight.
I'm a Yoruba man voting for Atiku just because I'm in love with his privatisation gospel.... Let's private sector take over and you will see things flourish.

Lots of Yoruba will be voting for Obi, they're doing it because they believe in his ideology, but some igbos here on nairaland abuse anyone that's not voting for him.... It's not that hard.... Obi market don already sell... Make una no use mouth spoil am.
Even the shutdown show for Obi is filled with 3 Yoruba artist out of 4.... This same guys won't campaign for Tinubu even if paid.

I'm just preaching peace.
Vote and not fight.
I hope the best man for the job wins.

agadez007:
Tinubu said he will continue where buahri stop
That should be the number one red flag

chrisooblog:
Has it been confirmed that it is completed? cos I haven't seen any official statement from Dangote just news that Buhari is coming to commission the refinery next week Tuesday?

Mkenya2019:
After eight dismal years, Nigeria prepares to replace President Buhari

vaxx:
why are you guys like this . Davido also blows on his own account . But how much of nigerian musicians are already self made millionaire before coming to the industry.

It is like you like to choose the kind of argument that never agree with your reason without trying to read everything

theenchanter:
Vaxx is just saying rubbish......

Shma2023:
Stop being a wuss. Ghanaian boldly posted that sh*t here, I was bamboozled. Now you're debunking my surprise instead of the actual message, smh! The HELL!

Shma2023:
That is great. I didn't know you're the king of entertainment in your region. This is powerful.
With Nigerian population; you could be far.

Fall was a banger in Kenya; sometime then. I didn't knoGhanianan produced it.

QuietMynd:
Wat do u mean like world class, stop commenting like kenyattas

Just30:
What you don't know is, Afrobeat is Ghanaian

Fela Kuti basically came to Ghana to learn it and coin the name

Just30:
president daughter what ?

Obaaderemi2:
Rubbish from a pained hater. So all those banks doing well are not paying tax?

Mkenya2019:
I beat my friend for the job...why do you need a love letter to buy dollars..if dollars freely flow in flow out..you don't reason to bring them out or in..you're just a Zòooooooo.Remove forex controls.Relax.Dollars will flow in out..You'll be surprised at how it balance out

Mkenya2019:
I didn't ask around..in 2015 my Nigerian friend told me how surprised he was to walk to Kenya bank..exchange naira and dollars into kshs..I now know you go to the bank..apply for dollars like you apply for a job.In Kenya forex are no big deal...you buy in the bank anytime..you only negotiate the rate