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Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode - Politics (2031) - Nairaland

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Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Goel: 5:39pm On Mar 16, 2023
Subsaharan:
Nigerians want to get to this level without putting in the work.

Na for here we go sleep.
Both Indian and Nigerian citizens are hardworking and put in work. We are at different stages of industrialisation and economic development, and geographical realities.

Solution of Indian problems never lied in west, solution of Nigerian problems don't lie in Indian methods. Nigeria's problems are Nigeria specific and should be solved in Nigerian way.

In my opinion, Nigeria first should cap it's population and try to pull out tribal populations into mainstreams. And then should stream into stepped industrialisation just like all major economies today which followed all 4 industrial revolutions at different timings.
rvp2018:
India was not about robing people to deal with inflation (funny concept)
It was hastening what has been happening in kenya for example.
Remove Notes and Coins - replace them with electronic movement - for crime, corruption, money laundering - tracking and faster trade.

Nigeria aim should have been to receive all the genuine naira back and return back all new notes.
No, the rise of Indian economy was about shifting from agriculture to industries and services and boost overall income. There is no comparison of India outside Asia.

Payments digitisation was a lubricant in that growth engine and not engine itself. Formalisation is a requirement for a soon to be upper middle country like India which wants to be a developed country in 2047.
QuietMynd:
U have no idea wat u re talking about boy.
Rather than throwing one liners on that person, you should prove that you are having an idea by explaining first to him
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by QuietMynd: 5:40pm On Mar 16, 2023
Shaytun:
They will tell you Nigerian youth are behind him.

As if Adamu from zamfara or Musa from jigawa are not Nigerian youth also.
😄😄😄😄😄
This cracks me up badly
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by QuietMynd: 5:49pm On Mar 16, 2023
rvp2018:
Yes if he is healthy - he is actually fine - been reading most of his stuff - he has depth - deeper understanding of economcy. The cow in aso rock now was big mistake. That fulani cow should be herding goats.

Nigeria in my view need to fix
1) Import substitution policies are benefitting a few Dangote's and creating endemic poverty.

2) Naira multiple windows policies - freely float it - it will sink a bit then rise back up - let dollars flow in and out - Nigeria has oil for crying out loud. The windows are benefiting Dangotes elites - through arbitrage - forex controls hurting investment - airline unable to send back 750M dollars for example.

3) Electricity - give each state power to generate and manage their power. NEPA and it's grand children going nowhere.

4) Fuel subsidy is beyond stupid - get that 12B dollars and invest in security, education (esp in the north), healthcare and electricity.

5) Revamp armed forces - increase funding even 5 fold. Improve soldier welfare, salaries, training and motivation. Proffesionalize the force. Dont waste money buying expensive weapons. Focus on human resources. Kenya has 25K armed force with almost same budget with Nigeria 300K force.

6) North Nigeria is dragging the country down - invest human capital there - free complusory education - funded by federal gov.
Lol, import substitution is bad, isn't of recent when someone post the terrible state of Kenya economy here. Where yall import bill is $25billion while export is $5billion.
You re a joker
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by QuietMynd: 6:02pm On Mar 16, 2023
GeneralDae:
You are right, even Tinubu's speech while receiving his certificate hinted that his supporters must be magnanimous in victory given the keen contest and the nature of the election whereby he won with only 36% of the votes. It would have been foolish to go around celebrating. That's like calling for more disunity and resentment.

One small correction however, PDP ruled for 16 years before the APC organised themselves by coming together as a strong unit to pull them out. Before then, Buhari was the Peter Obi of the North with millions of votes in every election but he continually lost in every election from 2003 to 2011 until he aligned with the other opposition parties in the South. Only then could they take out the very strong PDP.

In those days, just like the Peter Obi supporters of today, northerners used to wonder why their favourite man Buhari (given how popular he was in their eyes) continually lost, until they realized he could never win without aligning properly with the South (any of South-East or South-West was just okay). To take out the PDP in 2015, APC was then a combination of 4 major sects.

..Buhari's CPC (With the large northern following )

..Tinubu's ACN (the strongest Southern Block)

...Rochas Okorocha's APGA (the South-Eastern block)

....Old PDP ( consisting of former PDP Politicians, which was always going to be the weakest link going forward).
This is gold, this is how to wrestle power not by insulting people while at the same time creating enemies.
I know allot of northerners who supported tinubu jst to revenge the insult they ve been receiving from the south easterners all this years.
Those obi supporter don't think they will need those northerners vote b4 now, they now want them to support their candidates. Who does that
I can assure you they won't learn a lesson from this election, come next election, they will also do thesame thing.
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by QuietMynd: 6:16pm On Mar 16, 2023
ProblemChild1:
Tinubu did not win any local government in Rivers state, I swear to God, go and verify very well. But they gave it to him. Tinubu did not win any south south state and south east. Even in Osun state, which is his own state, Tinubu did not win. Ekiti state Tinubu did not win Ekiti state, but inec declared him winner in Ekiti. Ekiti people came out and protest and chanting and shouting 'Tinubu ole, criminal, we did not vote for you'? You see, this is to tell you that the election was rigged. They have bribed that useless inec Chairman. And thunder will fire all of them
😄😄😄😄😄😄
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by QuietMynd: 6:25pm On Mar 16, 2023
Emmyjay007:
Good day friends,
I feel ashamed doing this but I have no choice.
I have lost my wife my job for over 2yrs now and have been grinding hard to provide for my 2 kids (boy and girl) 9yrs and 6yrs respectively but the problem now is I am I'll , have been battling with hbp for some time now and it's taking a toll on me which is affecting my kids as well. I had to send this message from my sick bed.
Please we need your financial support to at least provide food cos the present situation of the country is bitting us and killing us.

UBA. 2123868468
Efcc go grab u sooner or later
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by QuietMynd: 6:31pm On Mar 16, 2023
Goel:
Both Indian and Nigerian citizens are hardworking and put in work. We are at different stages of industrialisation and economic development, and geographical realities.

Solution of Indian problems never lied in west, solution of Nigerian problems don't lie in Indian methods. Nigeria's problems are Nigeria specific and should be solved in Nigerian way.

In my opinion, Nigeria first should cap it's population and try to pull out tribal populations into mainstreams. And then should stream into stepped industrialisation just like all major economies today which followed all 4 industrial revolutions at different timings.

No, the rise of Indian economy was about shifting from agriculture to industries and services and boost overall income. There is no comparison of India outside Asia.

Payments digitisation was a lubricant in that growth engine and not engine itself. Formalisation is a requirement for a soon to be upper middle country like India which wants to be a developed country in 2047.

Rather than throwing one liners on that person, you should prove that you are having an idea by explaining first to him
We ve discussed extensively on that, he jst won't accept the superior side of the debate and he knows wat he is doing.
I don't feed trolls
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Mkenya2019: 9:04pm On Mar 16, 2023
I agree with most of your arguments.
Indian is now at economic takeoff stage - this where economy accelerate and transform rapidly from agri to industrial proper middle class
So are Bangladesh and Veitnam.
Kenya will likely get there in 2030..it going to be one few SSA countries to take off early.
Nigeria and rest will take off in 2050.
Ghana almost tick all the boxes except for their stupid gov that keeps mismanaging the macro-economics.
And I agree first thing a country should do is to control population.
Kenya is great example of an africa country who turned hopeless demography story into one that is 5yrs from tfr of less than 3.
Kenya had world highest pop growth most of 70s and 80s - with tfr of 8 - and now it's 3.1
Nigeria south is generally okay - the north is the problem.
The south need electricity - and it will take off with kenya - they are generally well educated from private initiative.
The thing with development or anything - it appears very hard - until you finally tick all the boxes and fly.
There is always that one or two missing things - before kabooom!
India for most people was paradox - it had everything - democracy, cheap labour, education, name it - but something was missing.
Finally, India have found the missing thing - and they are cruising.
Nigeria has to understand their stage of development - the north is basically a mess and it's very populated.
They should avoid copying or hoping to skips many years of hardwork.
No way Nigeria can develop with TFR of 5-6. No way.

A country is like a plane taking off - before take off - you burn lots of fuel - nothing seem to move - until you vrooooooooom and fly to 40,000 feet and put autopilot - and cruise.

Goel:
Both Indian and Nigerian citizens are hardworking and put in work. We are at different stages of industrialisation and economic development, and geographical realities.

Solution of Indian problems never lied in west, solution of Nigerian problems don't lie in Indian methods. Nigeria's problems are Nigeria specific and should be solved in Nigerian way.

In my opinion, Nigeria first should cap it's population and try to pull out tribal populations into mainstreams. And then should stream into stepped industrialisation just like all major economies today which followed all 4 industrial revolutions at different timings.

No, the rise of Indian economy was about shifting from agriculture to industries and services and boost overall income. There is no comparison of India outside Asia.

Payments digitisation was a lubricant in that growth engine and not engine itself. Formalisation is a requirement for a soon to be upper middle country like India which wants to be a developed country in 2047.

Rather than throwing one liners on that person, you should prove that you are having an idea by explaining first to him
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Mkenya2019: 9:14pm On Mar 16, 2023
Import substitution has failed almost everywhere it been tried.
It's better to import cheap things - and find where you are competitive in - and focus there.

South Asian became developed by doing opposite of import substitution - they did export led manufacturing.

If your country is poor - even if you manufacture things - will poor Nigerian afford manufactured goods?

Okay so you say - let manufacture what they already import (import substitution) - you build factories that are inefficient, and they build shitty things that are expensive. You save forex - you injure the economy.

For example - you can block cars from coming to Nigeria - manufacture 1,000 shitty cars selling very expensively - and they soon breakdown - end results economy crushes.

Economy is about productivity and efficiency.

Import substitution failed in Africa and Latin America.

Where it worked - the gov had to be very strict - you're protected for 5yrs or less - and international competition introduced. Perpetual protectionism will kill your economy.

Import substitution can never work in a corrupt enviroment. It can work maybe in Rwanda or Ethiopia. Not Nigeria or Kenya or Ghana.

QuietMynd:
Lol, import substitution is bad, isn't of recent when someone post the terrible state of Kenya economy here. Where yall import bill is $25billion while export is $5billion.
You re a joker
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just30: 11:32pm On Mar 16, 2023
Mkenya2019:
Import substitution has failed almost everywhere it been tried.
It's better to import cheap things - and find where you are competitive in - and focus there.

South Asian became developed by doing opposite of import substitution - they did export led manufacturing.

If your country is poor - even if you manufacture things - will poor Nigerian afford manufactured goods?

Okay so you say - let manufacture what they already import (import substitution) - you build factories that are inefficient, and they build shitty things that are expensive. You save forex - you injure the economy.

For example - you can block cars from coming to Nigeria - manufacture 1,000 shitty cars selling very expensively - and they soon breakdown - end results economy crushes.

Economy is about productivity and efficiency.

Import substitution failed in Africa and Latin America.

Where it worked - the gov had to be very strict - you're protected for 5yrs or less - and international competition introduced. Perpetual protectionism will kill your economy.

Import substitution can never work in a corrupt enviroment. It can work maybe in Rwanda or Ethiopia. Not Nigeria or Kenya or Ghana.
Import substitution has worked in Ghana to a large extent and it is going to work in Ethiopia as well..

I don't know much about current Nigeria import bill but from what I'm seeing, it will work there too.

Globalization only favoured those whom WTO was created for and now that it is no longer favoring them because the game is stacked against them... They are crying wolf and forcing the world into self dependence.

Reason why Russia, China and Indian economies will do well while the likes of the UK and co will enter a recession
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by ProblemChild1: 12:13am On Mar 17, 2023
Wuye Another Neighborhood in Abuja. Abuja is truly the Washington DC of Africa cool grin



https://www.youtube.com/watch?v=7bI2KSO9f0Y
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Subsaharan: 7:56am On Mar 17, 2023
Goel:
Both Indian and Nigerian citizens are hardworking and put in work. We are at different stages of industrialization and economic development, and geographical realities.

The solution to Indian problems never lies in the west, the solution to Nigerian problems doesn't lie in Indian methods. Nigeria's problems are Nigeria-specific and should be solved in the Nigerian way.

In my opinion, Nigeria first should cap its population and try to pull out tribal populations into the mainstream. And then should stream into stepped industrialization just like all major economies today which followed all 4 industrial revolutions at different timings.
If you see a model that could be applicable in your context then there's no reason why it can't be modified to fit your peculiarities, a lot of countries adopted China's FTZ model and are better for it today

upNo, the rise of the Indian economy was about shifting from agriculture to industries and services and boosting overall income. There is no comparison of India outside Asia.
Nigeria has the largest population and economy on the African continent with a very high level of unemployment, the implementation Of this policy would create millions of service sector jobs, formalize the economy, and provide the CBN the ability to be able to implement fiscal and monetary policy more efficiently. It ensures MSMEs have access to credit giving them the ability to create even more jobs.


Payments digitization was a lubricant in that growth engine and not the engine itself. Formalization is a requirement for a soon-to-be upper-middle country like India which wants to be a developed country in 2047.
Every informal economy needs to be formalized as a matter of necessity as the fiscal deficit continues to expand. Payment digitization would expand the tax net ensuring more revenue for the state without having to increase taxes on the already overtaxed minority.
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Subsaharan: 8:11am On Mar 17, 2023
QuietMynd:
Nd na everybody go school like you na
It is not to sit somewhere and whine about the policy saying it was a disaster and is impossible to implement.

People made it about politics which shaped the narrative making people expect Emefiele to provide cash after the elections when it wasn't about that in the first place.

Did they do enough to make people understand? IMO no.

The politicians were the loudest unfortunately so i don't really blame anybody
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Subsaharan: 8:18am On Mar 17, 2023
Mkenya2019:
I agree with most of your arguments.
Indian is now at economic takeoff stage - this where economy accelerate and transform rapidly from agri to industrial proper middle class
So are Bangladesh and Veitnam.
Kenya will likely get there in 2030..it going to be one few SSA countries to take off early.
Nigeria and rest will take off in 2050.
Ghana almost tick all the boxes except for their stupid gov that keeps mismanaging the macro-economics.
And I agree first thing a country should do is to control population.
Kenya is great example of an africa country who turned hopeless demography story into one that is 5yrs from tfr of less than 3.
Kenya had world highest pop growth most of 70s and 80s - with tfr of 8 - and now it's 3.1
Nigeria south is generally okay - the north is the problem.
The south need electricity - and it will take off with kenya - they are generally well educated from private initiative.
The thing with development or anything - it appears very hard - until you finally tick all the boxes and fly.
There is always that one or two missing things - before kabooom!
India for most people was paradox - it had everything - democracy, cheap labour, education, name it - but something was missing.
Finally, India have found the missing thing - and they are cruising.
Nigeria has to understand their stage of development - the north is basically a mess and it's very populated.
They should avoid copying or hoping to skips many years of hardwork.
No way Nigeria can develop with TFR of 5-6. No way.

A country is like a plane taking off - before take off - you burn lots of fuel - nothing seem to move - until you vrooooooooom and fly to 40,000 feet and put autopilot - and cruise.
You want your economy to take off without a dose of protectionism, keeping dreaming dreamer.

Maybe you should figure out how to pay for food and fuel first before fuel 2030.
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Subsaharan: 8:25am On Mar 17, 2023
Mkenya2019:
I agree with most of your arguments.
Indian is now at economic takeoff stage - this where economy accelerate and transform rapidly from agri to industrial proper middle class
So are Bangladesh and Veitnam.
Kenya will likely get there in 2030..it going to be one few SSA countries to take off early.
Nigeria and rest will take off in 2050.
Ghana almost tick all the boxes except for their stupid gov that keeps mismanaging the macro-economics.
And I agree first thing a country should do is to control population.
Kenya is great example of an africa country who turned hopeless demography story into one that is 5yrs from tfr of less than 3.
Kenya had world highest pop growth most of 70s and 80s - with tfr of 8 - and now it's 3.1
Nigeria south is generally okay - the north is the problem.
The south need electricity - and it will take off with kenya - they are generally well educated from private initiative.
The thing with development or anything - it appears very hard - until you finally tick all the boxes and fly.
There is always that one or two missing things - before kabooom!
India for most people was paradox - it had everything - democracy, cheap labour, education, name it - but something was missing.
Finally, India have found the missing thing - and they are cruising.
Nigeria has to understand their stage of development - the north is basically a mess and it's very populated.
They should avoid copying or hoping to skips many years of hardwork.
No way Nigeria can develop with TFR of 5-6. No way.

A country is like a plane taking off - before take off - you burn lots of fuel - nothing seem to move - until you vrooooooooom and fly to 40,000 feet and put autopilot - and cruise.
I don't know why you guys keep pushing this agenda that population growth is a bad thing. Why are you scared?
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Mkenya2019: 9:14am On Mar 17, 2023
Any import substitution by default hurts the economy.
You must always remember when you're protecting local industries - it's coming at cost.
Import substitution must therefore be timed - with local companies expected to compete - in say 5yrs.
Infant industries must be nurtured and quickly - left to compete.
Initially they will struggle but they will figure it out - compete - and even start exporting.

Countries should find where they are very competitive in. The comparative advantages...focus on exporting...including even extra labour force.

Ghana has cocoa industry - chocolate industry is worth billions more than manufacturing - woth 250B - and two main producers are

Focus on building cocoa value - focus on building dairy sector (import cows and breeds from Netherlands) - start to build chocolate - and restrict export of raw beans.

"In 2022, the global chocolate market was worth an estimated $205.6 billion and is expected to grow to $262.5 billion by 2030, at a compound annual growth rate (CAGR) of 3.1%."

Just30:
Import substitution has worked in Ghana to a large extent and it is going to work in Ethiopia as well..

I don't know much about current Nigeria import bill but from what I'm seeing, it will work there too.

Globalization only favoured those whom WTO was created for and now that it is no longer favoring them because the game is stacked against them... They are crying wolf and forcing the world into self dependence.

Reason why Russia, China and Indian economies will do well while the likes of the UK and co will enter a recession
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Mkenya2019: 9:20am On Mar 17, 2023
You build export - you don't worry about imports.
Reduce external debt - to bare minimum - so you're not forced to protect Naira or go bankrupt like Ghana.
Allow Naira/KES to collapse - it will fix imports. 1 dollar is equal to 23,000 veitname dong.
Exports will grow.

As principle import substitution has to be well thought and deliberate...and most important timed to expire.
It can never work in corrupt enviroment - where Dangote buys Aso rock - it requires very strong leadership that cares for nation.
You cannot protect like Nigeria almost 40 list of banned imports - perpetually - you're killing your economy.
Just see the poverty data.

Subsaharan:
You want your economy to take off without a dose of protectionism, keeping dreaming dreamer.

Maybe you should figure out how to pay for food and fuel first before fuel 2030.
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Mkenya2019: 9:25am On Mar 17, 2023
The structure of that population is important.
Africa has 30% adult; 70% children; more dependants; more working pop; more money spent in education, healthcare, and all child rearing
Asia has 70% adults: 30% children; less depandants; more working pop; more money to spend on development.

China rose sharply because of the 1 child policy - you can imagine 4 people taking care of one kid - while in Northern Nigeria a person has 4 wives - and 20 kids.

Subsaharan:
I don't know why you guys keep pushing this agenda that population growth is a bad thing. Why are you scared?
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just30: 10:05am On Mar 17, 2023
Mkenya2019:
Any import substitution by default hurts the economy.
You must always remember when you're protecting local industries - it's coming at cost.
Import substitution must therefore be timed - with local companies expected to compete - in say 5yrs.
Infant industries must be nurtured and quickly - left to compete.
Initially they will struggle but they will figure it out - compete - and even start exporting.

Countries should find where they are very competitive in. The comparative advantages...focus on exporting...including even extra labour force.

Ghana has cocoa industry - chocolate industry is worth billions more than manufacturing - woth 250B - and two main producers are

Focus on building cocoa value - focus on building dairy sector (import cows and breeds from Netherlands) - start to build chocolate - and restrict export of raw beans.

"In 2022, the global chocolate market was worth an estimated $205.6 billion and is expected to grow to $262.5 billion by 2030, at a compound annual growth rate (CAGR) of 3.1%."
Again you have no basis understanding of economics... There are no negative effect to import substitution that outweighs it benefits.
Infact the basis of every good economic policy is protectionism.

What did the Russians do to make Western sanctions ineffective.
Putin in 2008 or so created a fund for investment into Agric modernization and Pharmaceutical production. 7 years afterwards, Russia was producing all the medicines it needed, including making almost all the essential drugs it would need. And the same went for Agriculture hence cutting it dependence on the west. Today, some of the best Agriculture machinery you can bug are Russian made if you choose not to buy German.
All thanks to their huge scientific community, research and development firms and metallurgical industries.
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just30: 10:18am On Mar 17, 2023
Mkenya2019:
The structure of that population is important.
Africa has 30% adult; 70% children; more dependants; more working pop; more money spent in education, healthcare, and all child rearing
Asia has 70% adults: 30% children; less depandants; more working pop; more money to spend on development.

China rose sharply because of the 1 child policy - you can imagine 4 people taking care of one kid - while in Northern Nigeria a person has 4 wives - and 20 kids.
And guess what, it was a terrible policy for China because it is currently leading to a population decline that is putting their economy at risk .... They've increased it to 2 and people are still not having babies.
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Mkenya2019: 10:29am On Mar 17, 2023
Of course. They went to extreme. Ideally 2-3 kids is sustainable. 1 Kid is a mess - no other country has done it. China thanks to that 1 child policy also rose the fastest any country has done economically in history.

Now that 1 child is causing serious problems that might not be easy to solve. Even if they remove child limit - chinese are not marrying or staying - chinese were raised by four parents - grand parents and parents - all pampering one kid - they are too spoilt to survive in marriages- they dont know what it mean to share or compromise.

Just30:
And guess what, it was a terrible policy for China because it is currently leading to a population decline that is putting their economy at risk .... They've increased it to 2 and people are still not having babies.
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by QuietMynd: 10:35am On Mar 17, 2023
Mkenya2019:
Import substitution has failed almost everywhere it been tried.
It's better to import cheap things - and find where you are competitive in - and focus there.

South Asian became developed by doing opposite of import substitution - they did export led manufacturing.

If your country is poor - even if you manufacture things - will poor Nigerian afford manufactured goods?

Okay so you say - let manufacture what they already import (import substitution) - you build factories that are inefficient, and they build shitty things that are expensive. You save forex - you injure the economy.

For example - you can block cars from coming to Nigeria - manufacture 1,000 shitty cars selling very expensively - and they soon breakdown - end results economy crushes.

Economy is about productivity and efficiency.

Import substitution failed in Africa and Latin America.

Where it worked - the gov had to be very strict - you're protected for 5yrs or less - and international competition introduced. Perpetual protectionism will kill your economy.

Import substitution can never work in a corrupt enviroment. It can work maybe in Rwanda or Ethiopia. Not Nigeria or Kenya or Ghana.
Ur reply is so unsophisticated.
How is Kenya fairing now due to excess importation.
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Mkenya2019: 10:36am On Mar 17, 2023
Read why import substitution failed in Latin America - then in Africa.
You're protecting manufacturers and hurting consumers.
If manufacturers cannot compete with cheaper international ones - you're denying people the chance to buy cheaper and better quality stuff.

I'll ignore the russia stuff.

Just30:
Again you have no basis understanding of economics... There are no negative effect to import substitution that outweighs it benefits.
Infact the basis of every good economic policy is protectionism.

What did the Russians do to make Western sanctions ineffective.
Putin in 2008 or so created a fund for investment into Agric modernization and Pharmaceutical production. 7 years afterwards, Russia was producing all the medicines it needed, including making almost all the essential drugs it would need. And the same went for Agriculture hence cutting it dependence on the west. Today, some of the best Agriculture machinery you can bug are Russian made if you choose not to buy German.
All thanks to their huge scientific community, research and development firms and metallurgical industries.
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Mkenya2019: 10:39am On Mar 17, 2023
Kenya is doing way better than Nigeria. In 20yrs It has grown from GDP of almost 12B to 120B. That is pretty amazing. Considering no mineral or oil bonanza was discovered.
Nigeria - big oil producer - has generated poverty - and more poverty with it's import substition.

In fact, when it had abandoned import substitution like many in Africa in 1990s (SAP) - Nigeria recovered - until 2010s - when it went back to import substition.

Import substitution is not new in Africa - it was tried before - and failed. 1960s- 1990s

For example ->
Dangote makes cement in Nigeria but sell it more than you would if you imported.
Dangote total employees is not even 20K in his manufacturing plant.
Dangote has become richer - Nigerians poorer.

Maybe Nigeria should forget about manufacturing until it fixes electricity - try to import rice/cement/name it - many cheap stuff out there - why are you trying to produce them expensively in Nigeria?

Reduce external debt - you dont have a lot.
Let naira fix import/export balance.

QuietMynd:
Ur reply is so unsophisticated.
How is Kenya fairing now due to excess importation.
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by QuietMynd: 10:51am On Mar 17, 2023
Mkenya2019:
You build export - you don't worry about imports.
Reduce external debt - to bare minimum - so you're not forced to protect Naira or go bankrupt like Ghana.
Allow Naira/KES to collapse - it will fix imports. 1 dollar is equal to 23,000 veitname dong.
Exports will grow.

As principle import substitution has to be well thought and deliberate...and most important timed to expire.
It can never work in corrupt enviroment - where Dangote buys Aso rock - it requires very strong leadership that cares for nation.
You cannot protect like Nigeria almost 40 list of banned imports - perpetually - you're killing your economy.
Just see the poverty data.
U have a short memory.
Nigeria only banned items he already produces in moderate quantity, so wats the fuss.
Should we allow everybody to import useless things into the country like Kenya does.
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Mkenya2019: 10:54am On Mar 17, 2023
Economic freedom.
Let people decide what is useless and what is not.
Why should a poor person buy your expensive rice when he can eat cheaper imported rice.
You're hurting majority poor - to protect a few elites. That is why poverty is increasing at industrial scale.
Let nigeria companies, farmers, name it compete with other farmers, manufactures, worlwide.
If they cannot - let them find something they are good at.

Nigerians definitely will find something they are good at.

QuietMynd:
U have a short memory.
Nigeria only banned items he already produces in moderate quantity, so wats the fuss.
Should we allow everybody to import useless things into the country like Kenya does.
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just30: 10:54am On Mar 17, 2023
Mkenya2019:
Of course. They went to extreme. Ideally 2-3 kids is sustainable. 1 Kid is a mess - no other country has done it. China thanks to that 1 child policy also rose the fastest any country has done economically in history.

Now that 1 child is causing serious problems that might not be easy to solve. Even if they remove child limit - chinese are not marrying or staying - chinese were raised by four parents - grand parents and parents - all pampering one kid - they are too spoilt to survive in marriages- they dont know what it mean to share or compromise.
The one child policy wasnt the cause of their economic rise .... Of the many things that contributed to their economic rise, the one child policy had the least effect.
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Mkenya2019: 10:55am On Mar 17, 2023
Mad cow smiley back to his element.
Just30:
The one child policy wasnt the cause of their economic rise .... Of the many things that contributed to their economic rise, the one child policy had the least effect.
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just30: 10:59am On Mar 17, 2023
Mkenya2019:
Read why import substitution failed in Latin America - then in Africa.
You're protecting manufacturers and hurting consumers.
If manufacturers cannot compete with cheaper international ones - you're denying people the chance to buy cheaper and better quality stuff.

I'll ignore the russia stuff.
Bunch of nonsense... It failed in Latin America because they choosed to be subservient to America and Europe. Plus being disobedient to the US will just lead to a coup in your country.

To Latin America, it was easier to just depend on import rather than innovating and it is no wonder they are all stuck in the middle income circle loop
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just30: 11:00am On Mar 17, 2023
Mkenya2019:
Mad cow smiley back to his element.
I know you have little view and have no knowledge of what led to China economic miracle because most Kenyans don't love to read .

That's why you've resulted to not commenting on Russia because you have no knowledge of why they are so self dependent and needing absolutely nothing from anyone.

Turkey was on similar path
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by vaxx: 11:28am On Mar 17, 2023
Do you know Ghana has consistently ranked higher than 90% of Western countries on the Global Peace Index.

Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by vaxx: 11:35am On Mar 17, 2023
A Kenyan video blogger showing Ghana nightlife ...



https://www.youtube.com/watch?v=OW0cTFfO-u4
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