₦airaland Forum

LordAdam16:
China's largest export destination is not the US or the EU anymore. It is the South East Asian (ASEN) bloc of 10 countries.
Last year, China got cracking on the Regional Comprehensive Economic Partnership, and this year Chinese exports to ASEAN crossed $600B every month.

But but but wE hAvE tO cOnTaIn CHINA!

China is expanding the Singapore model to the entire ASEAN zone. And in time the rest of the population will grow rich enough and be closer to Singapore's level and ultimately become a lucrative market in its own right. A textbook example of a win-win.

As an aside, the G20 accepted AU as its newest permanent member. Many thanks to China's doggedness and India formally putting stakeholders on the spot.

If only Africa had its sh*t together. Billions to be made and we're slacking!

-Lord

I thought the AU acceptance was the West trying to appease Africans. So na India and China do am?

About the bold, I won't lie, one of the reasons I opted for Japan instead of the West for grad studies and eventual residence is because the world's economy is shifting east. I recall an American investor, Jim Rogers, saying in the 19th Century, one had to be in London. In the 20th Century, one had to be in New York. In the 21st Century, one has to be in either China and/or India.

East and Southern Africa stand the most to benefit due to geography. We just have to be pragmatic. My fear is the US egging on some countries to either be overly belligerent towards China or instigate a war in the region. A war would set the region backwards and reduce their populations. Their leaders, especially those in South East Asia, Japan and South Korea, have to be very pragmatic. They have more to lose than China.

Raalsalghul:
I will disagree with you on the bold sir.

It takes intelligence to discover your weaknesses as an entity and take steps to correct them.

At least the Arabs and Chinese know they they are not creative and prefer to outsource and copy.

The fact that we cannot confidently outsource our sector to capable hand due to selfishness is sheer unintelligence to me. I've seen the benefits of outsourcing with my koro eyes: was fortunate to work at Apapa Port and saw vast improvement when the Dutch company handled it compared to NPA. Now imagine same strategy for other key sectors of our economy. And why are we not doing so?

In my opinion, that's a trait of low IQ.

I agree with you and Emmaodet.

Unfortunately, the most vocal people against such a plan are blacks, both Africans and African-Americans, based abroad. They will never return to Africa to make things work as they are supposed to, but are at the forefront of discouraging such a plan in the name of racism and whatnot. Unless enacted by African governments, most White countries won't involve themselves in such. The Chinese who are doing the same are being accused of racism, whereas no be dem trade black people in slavery.

We are too emotional. I and Tensa20 have discussed the same outsourcing and agreed that certain parts of the economy should be outsourced to people who know it better than us. If the ills of slave trade and colonialism would prevent us from working with the White man, let's do with the Japanese, South Koreans and Chinese. Hand construction and maintenance of key sectors to them. Let them run it as they do in their countries. Pay them good money, and ensure our people get trained.

arantess:
You don't even know the background story, you are concluding they are not law abiding.

Nigerians already have a bad reputation in that part of the world. Then, the next thing is challenging the police to shoot? It does not make sense. I am a strong advocate for respecting a country's laws as a foreigner. If the place tire person, move back to Nigeria. But challenging the authority and claiming right? It makes no sense.

Asian countries don't give a damn about human rights, even the rich ones like China and South Korea, especially when it comes to black African countries. Then na Pakistan? People that would maltreat a Hindu who they have similarities with. Then na black man?

Let's choose our battles and battlegrounds wisely. Anyone who wants to claim rights should do it in his country/region. I doubt a Singaporean would claim right in Pakistan sef.

OAFMods:
They will soon come to tell you how Pakistanis are lazy.

God, please forgive me for laughing.

ednut1:
She is not black . Her ethnic group came from the dark skinned original australians

One area I have little knowledge about - is the prevalence of black looking people in places with no slave trade involvement, like those in East Indonesia and Papua.

tosinhtml:
Okay with you have written here, the only winner is NYSE.

Investing in Business requires attention because you cannot risk being passive as you need to be involved in your business in Nigeria for anything to move forward & to avoid been defrauded. Especially for OP since software development is time consuming on it's own.

At the end, keeping your money stashed in savings in not such a terrible idea, there aren't a lot of great options for investment.

It is good to save, but amassing savings of 100 million has translated to him working for money, rather than money working for him. At a stage in life, that is not financially sensible to continue.

The line between anti-japa person and residing in the abroad has never been curved. It has always been straight. Almost all, if not all, Nigerian elites have their families based abroad, and they have second citizenship such that living in Nigeria is a second option, not an only option.

I have outlined here: https://www.nairaland.com/7650379/points-consider-before-after-japa that intending japa folks should lower their expectations and plan accordingly. All countries are not equal. Some are better off than others. As black people, the US remains the best place to japa, whether as a hustler or skilled person.

While informing people about the ills and disadvantages is good, it is also essential to understand why they want to relocate. This japa thing sef, we don't relocate as much as the Indians, Chinese (yes, rich and middle class Chinese are relocating) and Filipinos. It is because we are exposed to Nigerian media and content which makes us think na only us dey emigrate, but those nationals emigrate way more than we do. They face greater challenges but are still migrating. With the news about India's growing economic clout, it is standard tradition for graduates of Indian elite IITs to emigrate to the US. To you, it is bad. But to them, it is the best thing to do.

As for the "racism" aspect, that is a humdrum statement and very hypocritical coming from a Nigerian. As I say, it is better to live with racists in a prosperous land than reside with tribalists in the world's poverty capital.

Economics over emotions.

tosinhtml:
I have heard this multiple times from people. Speaking in Nigerian terms, keeping that money in foreign exchange currency & leaving it alone is enough because the Naira will keep falling. But let's say we want to actually invest it.

The question is, invest it in what exactly?! I examined the options: Stock Market, Real Estate, Fixed Income, Mutual Funds & Cryptocurrencies.

1. Stock Market: ETFs & compound interests.

The best and must be the NYSE. Anything else is a loss.

2. Real Estate: Used to be a good investment in Nigeria but preserving your money in dollars is better due to constant Naira inflation, your asset will also depreciate in value as Naira depreciates.

Unless I look at the numbers, merely buying lands and selling them or building houses for rents with dollar makes no financial sense because returns are in naira - which is weak. The cases where such make financial sense is if the person is based in Nigeria or a diasporan who plans to relocate to Nigeria for good. In the former, it is very OK as the person uses his/her dollars to invest, but hopes of breaking even or generating profits should be reduced since they are generated in naira.

That is why I cannot buy lands in Nigeria while in the abroad using dollars. I would lose. If Nigeria were a major tourist destination throng with foreigners, I would invest in a hotel with dollars because the returns, although in naira, revenues would be very high and consistent.

3. Fixed Income: less-risk but very low rewards. Government bonds, corporate bonds, or fixed deposits with banks.

No difference between this and savings. The returns are too low to warrant cracking one's head to know how much potential returns can be generated.

4. Mutual Funds: I don't have deep knowledge about this.

Ditto here.

5. Cryptocurrencies: Too Risky.

The same here, plus I don't understand it, and I don't bother to.

The only thing that makes sense on this list is Stock Market & stocks can also fall as well.

There is also business, especially export driven. That is the option Nigerians, whether in Nigeria or abroad, should aim at. How do we take advantage of the low naira to sell products to the global market? Even as a dollar earner residing in Nigeria, going into business is also appropriate.

Making money comes with risk. This is why investors should conduct due diligence at the prospects of making it.

sslcrypt:
You are in Japan? Please I need some information. My sister owns this nairaland account, just a heads up tho. She's married to an european and I had many opportunities to relocate to europe but didn't because I really want to visit my dream place which is Japan. So how do I go about visiting or even studying? What are the processes involved? I studied japanese on my own 9 years ago, but didn't get to use it except one occasion when I ran into a japanese tourist in Plymouth, England. Looking forward to hearing from you, arigato.

いらっしゃいませ

If you are in Nigeria and want to visit Japan for tourism, this is the embassy's address and website: https://www.ng.emb-japan.go.jp/itpr_en/00_000092.html

For study: you apply to Japanese universities by first seeking interest via the professor's website: https://www.studyinjapan.go.jp/ja/; https://www.nairaland.com/2655545/japanese-visa-travelling-japan/21#87001614 (travelling to Japan NL thread; the post there motivated me to send my application).

どうも

tosinhtml:
Lol, please never run to 3 years time, I get some questions abeg. I know we should be investing but that's different from savings & since they have different purposes. So why does it not make financial sense especially when it is saved in dollar equivalent?

I invest & I also save, my savings account is where I deep my hands when something crucial comes up.

I said three years because I don't have it at the moment. So, I don't want to make up figures. About the bold, it is still the same thing - having so much saved, whether in dollars or any currency equivalent, does not make financial sense. There is a place for emergency savings, but to have 100 million naira as savings? Nah. Money should work for humans at a point, not the other way round.

Princemanuel58:
I plan applying as well, I just need contact person to help me fill the LOI form.. can you help me out?

I can't access the email behind my moniker, could you ask your question here?

I will come back to this thread in three years time.

---

That said, it doesn't make financial sense to save 100 million naira (dollar equivalent or naira itself). Even in Nigeria, it doesn't make financial sense. Your money should work for you, rather than you working for money. On the other hand, those who sell off their properties know why they do so, even though it's not necessarily a wise thing to do.

The braggadocio is annoying and ridiculous!

SuperOnyi:
Is there hope for people like me with no college degree (21 years old)? God, I see why my German friend keeps persuading me to work harder and leave "that hellhole" as he calls it. 🤲

Tech is the way. The hard aspect of it - fullstack or backend. But you have to be very good at it - top 5%. That is the area Africans, or specifically young Nigerians, can use to convince employers in any part of the world to employ them. It is country-neutral compared to medicine or law. You don't need country-specific training to hit the ground running. However, in the long run, the lack of degree would affect you, even at the nascent stage of being employed by foreign firms. The scrutiny applied to folks with no degree supersedes those with bachelor's degrees, even after accounting for years of experience and their quality. For instance, the immigration authority in Japan would not grant working visa authorisation to a firm to employ someone a foreigner without a bachelor degree or the equivalent of ten years cognate working experience (this has to be proven in recommendation letters by previous employers, salaries, taxes paid etc).

In summary, get that degree in a relevant field, and be good at what you do.

englishmart:
Feminism in Nigeria is a bandwagon movement centred around benefits without work.
How many women are in battlefields, fighting to defend their country? 99% of military casualties are men. 90% of plumbers, bricklayers, carpenters, cabinetmakers, and every tough artisan job are men's.

Let's say you're traveling with your man and you had a flat tyre. Would you expect the man to fix the tyre? Yes. Thats the natural inclination. The man will have to fix it. If someone disrespects you, he will defend you with his life. He puts his life on the line for your safety. Talking about politics, power isn't gifted. Countries where women are presidents or prime ministers didn't have them sit and whine daily about how men are the reason they're not making progress. They took responsibility, showed active participation, shrewdness and the capacity to lead. [/b]

If women won't come out enmasse to vote their fellow women, why blame men for their seeming marginalisation?
Everybody should function accordingly to their anatomy. You can't cheat nature. If you do the tough jobs, spend more time at work, give the same output, you're not going to be paid less than any man that puts in the same effort. There's this lady at my workplace who always complains that I earn higher than her. You're just a secretary. You barely do anything arduous or significantly productive, and you want to earn higher than a civil engineer who works 10 hours daily as opposed to your 4 hours of acute lethargy? Make it make sense.

No job is a man's job. It's either you can do the job or you can't. More than 90% of risky jobs are men's job. How many women firefighters are there? The female ones stay in the office, while the male ones face excruciating pains fighting to put out a fire, while some die in the process. Do the tough jobs, don't leave them to men and then cry about how men are getting all the jobs. Men are born to take responsibility. They don't have a plan b. Most lazy women's plan B is marriage (food and shelter) [/b]
Take up diving jobs, not just hairdressing or tailoring.

Na wetin make me no do feminism again.

Before 2015/6, I was a staunch defender of feminism on Nairaland. E get one post like that I defended feminism, dem nearly chew me raw. I stood gidigba. Until Donald Trump's ascendancy to the White House and the #MeToo events that made me change my stance. The logic wasn't logicing again. You cannot ask for equal pay but shun jobs that are characterised by long hours, which pay more. You cannot demand privileges and preferential treatment whereas your male contemporaries are mandated to serve the country, thereby putting them on the back foot in terms of career and education (Singapore and South Korea). Now, both countries have low birth rates. OK, born so that the country's population fit grow. Una say no even after all the economic opportunities the men have set in place and orderly society they have built. You say men are paid more, but you focus on niche sectors. How about demand for parity in welding and firefighting? Why focus on tech and corporate jobs? To put off fire no be work? Rather than focus on equality of opportunities, you focus on equality of outcomes. Na that one dey vex me pass.

englishmart:
The Nigerian version is backed up by ignorance. Here in USA, most women are ready to split bills, pay rents, and show great level of financial responsibility. That's why guys don't mind doing domestic chores. What you bring to the table, she brings as well. There are some isolated cases of women in the West who hide their misandry under feminism, no doubt, but our version is largely bandwagon-sponsored with a sprinkle of ignorance and stupidity

LOL!

Women are hypergamous. At the end of the day, you as the man is expected to earn more than she does. In situations where she brings something close to 50% (it is never exactly 50%), she will become more assertive which many of our African men cannot stand with. To be fair, this is expected because when someone contributes a significant amount of money into a venture, that person seeks for more control/power.

Lastly, Nigerian feminism dey learn work for where Western feminism dey. The new wave of feminism is one of the major reasons why marriage rates have plummeted. The cost of living, especially housing, is another major factor.

Money and our cultural exports (Nollywood and music). Recently, I was in an African-themed event and in the company of other Nigerian guys, we came across ladies (and men, too) from other African countries. The ladies we interacted with had a liking for Nigerian men largely due to the two reasons I listed above. There is this belief that Nigerian men spend a lot on their women and ensure they are well taken care of. The cultural exports cement the predilection.

budaatum:
Why wont Democracy take us anywhere?

What would you replace democracy with and where would it take us?

Of all the countries that have developed rapidly, they had one thing in common: one-party systems or years of brutal dictatorship but characterised with economic development. Cultural traits of the racial or ethnic groups play a significant role. Still, for any country to rapidly move from poverty to at least middle-income status, she needs to embrace capitalism and have a party that enacts policies for the betterment of everyone. For these policies to stand the test of time and show results, the party needs to be in power for a long time.

The West had centuries to fine-tune things. That time no dey again.

pansophist:
I think before nigeria gets better, it needs to dump democracy. Democracy won't take us anywhere.

Two days ago, I was analysing the rapid development of Asian countries in my head. I concluded that for the same to be replicated in Africa, we need to have countries with homogenous populations either by ethnicity or race with a somewhat benevolent dictatorship or one party dominating the scene enacting policies for the benefit of everyone. I then thought about Ghana and how terrible the economy has become. Obviously, neocolonialism can be said to be one of the factors, but if Ghana cannot use its homogeneity to benefit herself economically, then it says something about sub-Saharan African countries.

Nbv1:
That’s the truth. They are single and miserable and filled with ego even with their 18 cad per hour job they are financing cars worth 30,000 cad just to live fake life thinking that a mugu will sight them one day. This is a capitalist country and men are wise here . If a regular nigeria guy ask them out, they will embarrass him. They are only looking for already established men. You will see them on social media complaining bitterly that their is no husband in canada . They are praying unto God for problems they created. They are over 40years of age still hopeful and stay hopeful.

This man! E be like say Canadian women don show you pepper

Well, that is female hypergamy for you sha. One of the reasons I don't lampoon men who decide to engage in extramarital affairs. When they had nothing, women no show dem face. When they do, why restrict their right to choose? But let's gist small, are there truly black African women aged 35+ looking for established men in Canada? To be fair though, abroad does not pity people who don't plan their lives financially and it is best suited for both couples to work except the man is very rich. One of the reasons marriage rates have fallen since salaries aren't keeping with inflation. This is a phenomenon across all developed countries. So for black African women in Canada to be careful about who they want to marry, I can understand their decision.

pansophist:
I get you. Canada is one hell of a depressive place. Something is just not right with that country.

I actually planned to migrate there before. I come visit am make I get a feel of the place before deciding, but just a week for Toronto, I changed my flight ticket and left earlier.

I see why they need people there, to come share with the depression. SO expensive, isolated, and so boring. Mehn me I cant to. But the nature is beautiful sha. Canada can easily pass as the most beautiful nature on earth. Too fine.

In my opinion, for a black person with a superior passport, I see Canada as a downgrade to migrate to. If it is not the United States, I remain wey I dey. Well, I am a capitalist. Anything for capitalism.

emmaodet:
Hmmmmmmmm

I really fear for the future bro.
Also your reasons for not criticizing married men with concubines is true. Reason why I don't even reply those throwing jabs at married men with concubines.
If he easy, go do am now. I mean, if not for having concubines, what exactly is the incentive for been a man? Please just tell me because I don't see.
It is a life filled with hardship, struggling, lonely and boring because you don't have resources for dating and most women won't even look at your side including the so called wife, no one will give you gifts on your birthday unless you have struggled to be a man to be recognized, no one will invite you to occasions or events or parties because you are struggling, all your life you are worried with bills and more bills to tell me what are the incentives of been a man?
Of none, then I will rather be a woman. Who no like better thing.
Who come this world just to come surfer?

Even when they say it is a man's world, it is strictly for men with money o. There is really no benefit. Even the children sef, majority will align to the mothers forgetting that their fathers toiled to pay school fees. Na why my japa is strictly for myself, not anything children's future. If I ever have one, they will take it from there.

cyntobless:
Am looking at exporting our food stuffs

You have to go through the Nigerian Export Commission.

Google search showed me this regarding exports from Nigeria to Morocco: https://www.moroccoworldnews.com/2022/06/349663/nigerian-products-have-big-market-appeal-in-morocco

There can be potentials, but you need partners from the Moroccoan side. First try that commission.

cyntobless:
I need help, how is the market for Nigerians in Morocco ,I want to explore and I need travelers to assist with their wealth of ideas.

What kind of market do you want to explore in Morocco as a black African woman with just the Nigerian passport?

emmaodet:
Kai ....... This statement really touch me.
This is a painful reality.
Sometimes, I feel like been irresponsible too. I mean, it's cheap and free. No worrying about tomorrow, no cracking my brain, no hustling to be better etc. Just get little money, smoke, bang, eat, sleep, rinse and repeat again.
I mean, is this not what we want after all?

The life of a man is tough. It is why I am not too hard on men who have concubines. If that is what eases the stress after toiling hard to be who they are, let them have it. The world is unfair to men. I feel it, too. Na why I dey fear marriage because that is another work entirely. It is like studying through school, experiencing strikes and all, graduating with a good grade, do NYSC only to start facing Dragnet and their wicked aptitude tests, all in a bid to get a 150K job.

Argggh I don see reasons why young South Korean men dey shun marriage.

Vinnie2000:
How about those that went Further to vote Druggie Tinubu?😕😒

How do you see them?🤔🤨

The majority, if not all, of Tinubu's voters campaigned and voted for Buhari in 2015. I rate based on voting Buhari, not Tinubu. That is, I will view a person in a distasteful light if the person voted for Buhari in 2015 rather than Tinubu in 2023.

Buhari should have never been elected for whatsoever reason.

LordAdam16:
Per your comment on decoupling.

Is it possible that the West is pushing climate change, sustainability, and cutting energy use/emissions; specifically to get their population accustomed to a lower standard of living? A la "you will own nothing and be happy".

Precisely because decoupling from China and the budding BRICS+ bloc will be the worst self-own in Western history. I think the elites see the handwriting on the wall and know the era where the rest of the world sends them tangible goods and they repatriate worthless fiat then force everyone to accept their "international rules-based order" under the threat of sanctions, regime changes, aircraft carriers, and nukes will go tits up.

And whenever SHTF in the West and QoL drops drastically, it's "Guillotine Season". To get ahead of it, they're deliberately lowering living standards and making their pliable populace eat it up as "for the environment and our children". Netherlands closing farms to "cut Nitrogen emissions by 80%". France closing some short-flight routes. Asking people to cut electric usage while simultaneously pushing EVs.
-Lord

That is an interesting point of view you have there. Because to be honest, I never grasped the rationale behind closing farms because of some infinitesimal quantities of GHGS. BTW, this environmental woke movement is only prevalent in the West. Across rich Asia, it does not exist. People use resources as they like.

But chai, apart from the West and her Asian allies, the rest of the world poor o

LordAdam16:
SMIC will need to reroute ASML machinery through friendly nations to keep up. I have some degree of familiarity with these lithography machines and they're engineering marvels, taking up entire rooms. ASML has R& D offices in only the US and NL. None in the UK, Germany, Israel, or Japan, because the Americans want complete control.

Israel and Singapore are notable examples that come to mind. The former works with China for some favour I can't comprehend. The latter is majority Chinese, with a significant proportion leaning to the motherland. Japan is also there as many Chinese are in the corporate industry, and China penetrates her systems how she likes. If the Saudis/other rich Arab nations invest in chipmaking companies as planned, that is another route.

There are no more than a few thousand experts in the entire planet with the know how to produce these machines. And modern Western high-value product design guidelines mandate compartmentalization. So the development teams for each major component are siloed. While the team that puts it all together have no expertise in the exact proprietary methods used to develop the components.

This is why when the likes of Apple and co buy companies in the space, they buy the entire organogram. Then poach star talents from rival companies with the lure of working with the creme de la creme in their ultra specific advanced field.

So you could secure the schematics for the latest machine through an hack and be unable to do anything with it. Poach a handful of employees and you run into a related problem because they have only specialized knowledge about a few components. This explains why Apple has been unable to design a high-performing 5G modem chip for years even though they bought Intel's entire modem chip division and poached talents from Qualcomm, Samsung, and Huawei. This is just design, they'll still have to use the Japanese and Taiwanese to pack and manufacture the modem chips.

Thanks for the explanation. It brought me back to reality.

China is keen to do everything within the mainland, so yea, saying it'd be tough is an understatement. They have their work cut out for them.

That said, there is only one direction they can go: UP. I'm in awe of their machining talent and if anyone can do it, it's China.

Yes, only China can do it for the factors I outlined earlier.

Lastly, the West is erecting roadblocks because they know when China hacks these advanced tech, the race is over.

Look at battery technology. The West can't catch up. The rapid reiteration in China has everyone in a doozy. Tesla started out with Panasonic, now they're deepening partnership with CATL. And the Biden Administration had to mandate that components be made in the US to qualify for EV credit. This is a subtle attempt to onboard Chinese proprietary battery tech.

That is a sealed deal. China dominates that space. Anyone who tries to enter either work with the Chinese or gets priced out of the market. Ford also uses the technology by CATL, so does Volkswagen.

Article: https://archive.md/fRKsf (free-to-read). The article suggests trade barriers to counter China's dominance. Man, these dudes cannot compete on a level playing field.

Besides, when China figure these tech out, they'll become the preferred destination for talent and it'll kickstart a snowball effect. Now the US offers full scholarship for STEM PhDs and median wage stipend. Then, it'd becom full scholarship from masters level, citizenship immediately a program is completed, and six-figure starting stipend.

That is the good thing about the Chinese: they ensure the tech is free for all. Come and get your own. In fact, we can produce it bespoke for you. I believe they will make it ubiquitous and cheap. I expect hawkers in Ikot Ekpene to sell EUV equipment when the Chinese make them available.

The secret to America's success is poaching talents. The moment a new bloc emerges with comparable draws and without silly sh*t like dozens of genders, all the innovation and creativity they showboat with will diminish.

With the H1B backlog, racial attacks on East Asians, Asia's growing economic power, many will steer clear of the US either of the education or the desire to stay back. The H1B system cannot be changed because doing so will alter the US' demographic makeup. Indians and Chinese will dominate everywhere. Birth rates by White women have plummeted to very low levels. The die-hard academic spirit is not there. I saw a picture of the US Olympiad team (forgotten the subject), only one White dude. The rest were Chinese.

At the bold, the US poached German and Eastern European engineers and scientists. Stole tech from Britain and Germany. So, when the rabble-rousing of IP theft is peddled around, it makes me laugh.

This is one of the stellar reasons why I'm a proponent of multipolarism. It'd change the dynamics of a lot of things for our progenies.

-Lord

It seems the multipolarism would come faster than I expected. Na true Panso talk, if we don't fully enjoy the benefits due to old age, our children will.

SSpeter:
I naturally will not contribute but I where you said "We focus on marriage and let a lot around us rot" got my attention. Hence I would like to ask what should people channel this essence or energy that we are channeling on marriage on? We like to use the Western world as a yardstick, I have lived in both the USA and Northern UK, and one thing infact the only thing the average white man values about Africans is our marriage and our sense of family. Forget about the white you see on TV, everyone should get married, marriage is important, because after 45 it begins to get lonely. My wife was a financial expert but she switched to clinical psychology cos we saw the huge market for it. The statistics for people depressed, and miserable with mental health issues alarming. We are currently seeking licensing to open a full mental health home in England and Scotland. The more egalitarian we become should not mean that the fundamentals of society (marriage and family) should be jettisoned. As Africans we do not understand what we are doing, we don't have the supporting structures the whites have yet we are looking at their family disorientation as a form of emancipation. It will end badly.

Interesting comment you have there.

However, at the bold, the cost of living has ballooned such that many young adults are not interested in marrying. This has resulted in low birth rates across many countries, especially in the developed world. The UK where you reside, has witnessed birth rates plummet drastically. So, while marriage is good, the costs involved are too high to bear. In return, some see the need to be single while others opt for DINK status (Dual Income, No Kids).

Before, I thought young Oyibos were just stoopid or overpampered, but having witnessed/read how the cost of living affects people's lives, I understand why many are putting off marriage - which affects childbirth rates.

If young people in Canada, the Netherlands, South Korea, Singapore etc., are putting off marriage, I understand their plight. E no easy.

The axiom that says to understand the future is to look at the past. History always repeats itself. Now, Western journalists lament that China enjoys high surpluses due to increased exports and the Renminbi is undervalued. However, from the screenshot below, the Yen is actually undervalued when compared to the dollar. Thus, Japanese exporters enjoy more because their goods are cheaper to buyers outside Japan. But no complaints about that from Washington. Another whine is that the Chinese don't purchase goods from the outside world. That is a bare-faced lie, as I stated in my comment (screenshot attached). The solution they proffer? China has to rein in on exports and do some kini kan to the Yuan aka something something Plaza Accord

Article (free-to-read): https://archive.md/u3Drq

When I saw the headline, I wondered wetin concern Britain's second biggest city's fiscal issues with ordinary Nigerians. Then, my instincts kicked in to say the thread was created by an Agbadorian.

As I thought, so was it: an Agbadorian doing his work.

pansophist:
The irony that SMIC started operation in just two decades. And is now a peer competitor for western chip industry.

This will make Taiwan completely irrelevant to Washington if their chip industry is taken over by the mainland's SMIC.

Just as HongKong fell into the hand of the mainland in 1997 with no single shot fired, Taiwan will have the same fate.

The evidence can be seen with Hong Kong. HK was the financial hub of Asia for decades, until the mainland developed so fast, that HongKong is no longer the gem it used to be.

Yeah, Shenzen and Shanghai have taken over. Hong Kong is "just" there. Singapore is better placed, with the majority being Chinese. Hong Kong now depends on China rather than the world, aka the West, for investments and growth.

When Taiwan looses it's edge on the chip industry, it will become so broke, that the people will rebel to join the mainland by force.

I can't see this playing out another way. China is definitely bidding their time, and waiting down the perfect wind to blow.

She would. It was only a matter of time. China is the biggest single market for TSMC, Nvidia, Samsung, Intel, ASML, Tokyo Electron etc. Those CEOs lamented that blocking off the Chinese would force them to produce chips on their own, thereby cutting off Western and allied companies. Now, it is happening.

As we all know, once the Chinese have perfected the technology, e go become pure water. We fit see replica for Onitsha sef.

LordAdam16:
Believe me it is impossible to overemphasize the significance of this development.

Besides a potential price war, the flexibility and policy maneuverability this offers China is immense. It is a geopolitical uppercut.

It is a hooge development, and I am only impressed by how fast they perfected it, not by its reality. I knew the Chinese would retaliate by producing the chips by themselves. They got the talent, die-hard spirit, capital, long-term thinking. Honestly, unless they succumb to threats or war, I don't see them failing in their quest to achieve what they want.

There are still a couple of pertinent questions about their capability. Did they sidestep sanctions by re-routing Western machines through other countries or did they develop the machines domestically. What process did they use? How efficient is the manufacturing process and more (i.e how many usable chips are they getting per wafer)?

From what I have read, mainly by Westerners who come across as defeated, they are yet to produce the EUV machines. One aptly stated that it is done for once the Chinese begin to produce those machines. I have forgotten the specific terms, but the Chinese are only one generation away from the Taiwanese and Americans. Without the machines of ASML, it gets tough to get to that point, which is why the export restrictions came into place. However, because Japan and the Netherlands lodge their intentions of restricting supplies of those equipment at the WTO, the Chinese purchased a record quantities of those equipment before the restrictions came into effect (link attached: free-to-read).

So, now is the time for reverse engineering, paying high salaries to lure foreigners working in ASML, Tokyo Electron, and TSMC to work for Chinese chipmakers. Then, we also have Chinese-Americans who are maltreated because of their origin, racial attacks here and there moving back to the motherland.

It is only a matter of time.

https://archive.md/H3r3G

Yet another vindication. I wonder where the rabble-rouser called Gbawe is located.

Sponsoring a campaign of calumny against Jonathan only to ensure he's removed to have a feudal terrorist as Buhari in power is one thing I will never forget and forgive. It's why I will continue to loathe people who campaigned and voted for Buhari in 2015. That grudge isn't going anywhere.

Anyone who voted for Buhari in 2015 is a cruel and despicable person, no ifs or buts!