₦airaland Forum

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.

Obaaderemi2:
Something is wrong somewhere, my friend.
I give up.
Shaytun and the rest, good luck to you.

Obaaderemi2:
Something is wrong somewhere, my friend.
I give up.
Shaytun and the rest, good luck to you.

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.

Just30:
Ain't they repeating the same nonsense you've plastered all around the internet?

Even Ghanaians don't claim TV station ZOY was the first in Africa in 1935 because we presume there may have been others around that time

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.

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.

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.

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.

Shaytun:


I give up, you can continue believing whatever version of history suit you

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.

Shaytun:
What documented history?

Post the link here let me read.

Obaaderemi2:

Just30:
Repeating the same nonsense won't make you sound smart.

You do realize that Ghanaians are smarter than you Nigerians right?
No wonder making making factories have festered in Nigeria for so long.. And you wonder how you guys are so ill nurtured and become so poor by the mass.
I'm not sure you know your father.

Obaaderemi2:

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.

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.

GeneralDae:
It depends on the type of infrastructure though. Certain kinds of infrastructure have direct correlation to the economy. In this order, these are the infrastructures that should be focussed on.

Constant Electricity
Broadband Connectivity
Refineries/Gaspipelines
Railways and Roads

I have no problem with Government doing any of these for the economy (in that order only) but a country like Egypt for instance borrowed almost their existence to build a new city and now despite the fact that they have taken 5 Billion dollars from the IMF, it still doesn't help their situation.

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

POKUASI2:
How can you be smart and your existence as a nation is tied to IMF or there's another definition of "SMART"..
isn't critical thinking and problem solving abilities part of the required qualities for being "smart" and your citizens lack these two critical components of "SMART".
You're "smart" and you country would have become an archeological site had the IMF not existed

Shaytun:
Try and follow the convo and stop behaving like an hungry dog.

GeneralDae:
Egypt has one of the biggest debt crises in Africa in my opinion. The only reason I think people are not paying much attention is that they have the Arab nations to fall back to eventually for sustenance.

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:
The issue of building factory’s and stimulating the production economy should be left to the private sector.

Government have no business building factories.

Government role is to create an enabling environment, when you have an enabling environment, private sector will blossom , it’s the law of the universe.

Government need to build those roads, they need to build that rail, they need to solve the electricity issue and ensure security of lives.

They need to do away with contradicting policies.

AfriqueDuZuid:
Correct

Shaytun:
The problem with most African countries is that the government are not people oriented.

The government are there to keep the elite in power and make sure they don’t go poor.

That’s why they keep making disastrous policy

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.

AfriqueDuZuid:
In terms of private sector it does not matter where the investment comes from as long as citizens benefits n economy grows.

Whether black, white, purble green, European, African, asian etc as long as it benefits the country.

Im not for loan for infrastructure like roads, rail.... All countries have capacity to build on their own

chrisooblog:
Everything is about priorities and what will bring the most value for money spent.

Take OBJ for instance in 2007 he spent $16bn or thereabouts to pay for power generating stations without first figuring out the more important element of how to power these stations not forgetting the more important elements of transmission and distribution but hey he spent money to fix electricity
For Lagos you make solid points but I have a few questions. how much will it cost to modernize and revamp our water treatment plants and pipe network to supply 20 million plus customers vis-a-vis building a bridge that will solve gridlock issues in the state and encourage more economic activity? For clothing is there a high demand for Nigerian made clothing internationally? Even within Africa apart from the local population how many people from other African countries wear adire for example to say it will be a profitable venture. The only benefit I see is us becoming self sufficient so we can save FX.

Shaytun:
Loan is not necessarily a bad thing, all the developed country are heavily indebted, there’s no use shying away from loan while your people languish in poverty

Shaytun:
The issue of building factory’s and stimulating the production economy should be left to the private sector.

Government have no business building factories.

Government role is to create an enabling environment, when you have an enabling environment, private sector will blossom , it’s the law of the universe.

Government need to build those roads, they need to build that rail, they need to solve the electricity issue and ensure security of lives.

They need to do away with contradicting policies.

The rest will fall into place, the revolution in the telecommunications and banking sector was not because the government invested into it, it was because they made the right policies and everything else follows. The private sector will pick up the slack, Nigeria 200 million population is a huge market be it for production or consumption, let the government create an enabling environment and watch a renaissance happen to the economy.