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Nigeria 1980s Vs Nigeria 2022 by Osaremwantaelvi(m): 6:57am On Apr 22, 2022 |
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 !!! 10 Likes 2 Shares |
Re: Nigeria 1980s Vs Nigeria 2022 by qekng40(f): 7:12am On Apr 22, 2022 |
Change is inevitable 1 Like |
Re: Nigeria 1980s Vs Nigeria 2022 by Opeolami(m): 7:13am On Apr 22, 2022 |
[quote author=Osaremwantaelvi post=112165331]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 !!![/quote The state of the Nation is worrisome for people who are futuristic. Let us be optimistic, may be, may be we can start getting it right from 2023 2 Likes 1 Share |
Re: Nigeria 1980s Vs Nigeria 2022 by Shyboyk(m): 7:15am On Apr 22, 2022 |
Osaremwantaelvi: FTC dedicated to my birthday today .. It would take the grace of God for my dear country to return back to normal 1 Like |
Re: Nigeria 1980s Vs Nigeria 2022 by princemillla(m): 7:21am On Apr 22, 2022 |
Good old days!!!! Doubt any of this can be achieved in 40 years to come |
Re: Nigeria 1980s Vs Nigeria 2022 by Bluntguy: 7:28am On Apr 22, 2022 |
.... until incompetence, impunity, corruption, religion and ethnicity were introduced into the economic system everything changed. Can we ever return to those days? Let's look for someone who can return our country to the glory days and vote for in 2023. That is my take. |
Re: Nigeria 1980s Vs Nigeria 2022 by infohenry(m): 7:32am On Apr 22, 2022 |
We have responsible citizens then which in turn reflected in the type of leadership the country produced. This topic will go more than 2 pages because is not talking about politics tribe and religion, it saddens me that in this century youths are consigned about ethnicity and religion when other country are breaking away from it. |
Re: Nigeria 1980s Vs Nigeria 2022 by yesloaded: 7:35am On Apr 22, 2022 |
princemillla: It can be achieved within 10years but our politicians are not ready for that because the present system is their money making machine 1 Like |
Re: Nigeria 1980s Vs Nigeria 2022 by Nosayer: 7:43am On Apr 22, 2022 |
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. 2 Likes |
Re: Nigeria 1980s Vs Nigeria 2022 by Transcriber: 7:45am On Apr 22, 2022 |
You guys up there. Must you quote everything? 1 Like |
Re: Nigeria 1980s Vs Nigeria 2022 by princemillla(m): 7:57am On Apr 22, 2022 |
yesloaded: Still can't be achieved None of this power block want anything good from Nigeria. Even the outside world effect will pressure us down. Libya comes to mind 1 Like |
Re: Nigeria 1980s Vs Nigeria 2022 by Okoroawusa: 8:06am On Apr 22, 2022 |
If you are old enough you will know that we are still suffering from the maladministration of Ibrahim Babangida and some useless IMF supporting economists like Olu False. 1 Like |
Re: Nigeria 1980s Vs Nigeria 2022 by Okoroawusa: 8:08am On Apr 22, 2022 |
Nosayer:I liked your comment |
Re: Nigeria 1980s Vs Nigeria 2022 by tollyboy5(m): 8:43am On Apr 22, 2022 |
Okoroawusa:Corruption in company are not the reason. Lack of infrastructure is the main reason. When cost of production increases, any little embezzlement company will die out. From 1960 till date. No light in Nigeria and want companies to stay ? Alot of abandoned factory in Nigeria. The buhari you voted for and forgotten ASUU and Electricity. Train to Niger was the priority in this government. |
Re: Nigeria 1980s Vs Nigeria 2022 by mrvitalis(m): 8:44am On Apr 22, 2022 |
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 |
Re: Nigeria 1980s Vs Nigeria 2022 by jude79(m): 9:24am On Apr 22, 2022 |
mrvitalis: 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. |
Re: Nigeria 1980s Vs Nigeria 2022 by JAMO84: 9:26am On Apr 22, 2022 |
Back to Democracy in 1999, we were supposed to start getting it right but the Poverty Development Party happened.
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Re: Nigeria 1980s Vs Nigeria 2022 by JAMO84: 9:28am On Apr 22, 2022 |
jude79:So UAC packed up because your father left? Your father must be Albert Einstein 1 Like |
Re: Nigeria 1980s Vs Nigeria 2022 by mrvitalis(m): 9:31am On Apr 22, 2022 |
jude79:So may similar stories abound all of them |
Re: Nigeria 1980s Vs Nigeria 2022 by OFFICIAL336: 9:52am On Apr 22, 2022 |
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. |
Re: Nigeria 1980s Vs Nigeria 2022 by Cholls(m): 9:55am On Apr 22, 2022 |
jude79:
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Re: Nigeria 1980s Vs Nigeria 2022 by Cholls(m): 9:56am On Apr 22, 2022 |
JAMO84:
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Re: Nigeria 1980s Vs Nigeria 2022 by Iwalk: 10:54am On Apr 22, 2022 |
Osaremwantaelvi:Hmmmmm Walahi Ibadan don Suffer,i remember we have family friends that works in some of those companies you mention,Ledland at along Olodo,Sanyo,Wire and Cable and also Exile them b big big people then,everybody now rush to Lagos,PH,Abuja to find End meet......God punish our Politican 2 Likes |
Re: Nigeria 1980s Vs Nigeria 2022 by AfahaAbia(m): 10:58am On Apr 22, 2022 |
Lalasticlala needs to send this to front page. I never knew we had such companies in Nigeria over 40 years ago. This shows us how backward we have gone. The strangest fact about all this is that most of the politicians we have today benefited from all this in their youth but prefer us the present day youth to suffer. |
Re: Nigeria 1980s Vs Nigeria 2022 by Transcriber: 11:00am On Apr 22, 2022 |
OFFICIAL336:who is this one decieving? |
Re: Nigeria 1980s Vs Nigeria 2022 by jude79(m): 11:20am On Apr 22, 2022 |
JAMO84:. Drips of water makes an ocean, so many similar situations in many of those companies, coupled with the awolowo hasty indiginization policy, decoupled all those companies, because it wasn't a gradual takeover, most of the expertise are lost, Nigeria neglected human resources, the greatest of all resource, and paid dearly for it 1 Like |
Re: Nigeria 1980s Vs Nigeria 2022 by CrownOfClay724: 1:19pm On Apr 22, 2022 |
Transcriber: Deceiving? As outlandish as his claims might be, thing is that there is a degree of truth to what he is saying. Nigeria's productive industry went comatose with and after the civil war. We've not fully recovered, 50years after. |
Re: Nigeria 1980s Vs Nigeria 2022 by demmie1: 12:27pm On Jun 19, 2023 |
Osaremwantaelvi:Although I sympathize with your post, but you the not give the accurate reasons why we are not producing. The reason is the presidential/feudalist system we are running now. You see, in the 60's after independence, every region was competing to develop at it's own pace with its own resources and the only economic factor joining us together was the currency and that only a percentage of each region earnings was given to the federal. And what do you do with your resources? You try to grow it, which was what each region earnestly did by bringing in investment in technology productions. But after the federal government took over every one's resources both natural and technical, for example, the so called nationalisation policy enacted by obasanjo late 70's, the inevitable is the regression of our industries and the rest is history. The only question is that how do we revive those forms and industries you mentioned as they are dead now. How? We go back to the way we were. Regionalism, that's how because everybody will face his holdings instead of looking for what to steal from someone else |
Re: Nigeria 1980s Vs Nigeria 2022 by Ogene001: 1:35pm On Jun 19, 2023 |
Nosayer:During the war, everything was handed over to yorubas since the North lacked human development. Yorubas destroyed everything with their incompetence and craving for a life of ease and enjoyment. Igbos have taken over almost all the sectors and now that Tinubu favors a capitalist free market economy Igbos will overrun more territories. Failure of political leaders is business opportunities for Igbos. Let them ruin all sectors let private business take over |
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