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Nigeria's Economy Is Growing Hot!! Watch Mckinsey's CEO Speech At Stanford Univ. - Politics (2) - Nairaland

Nairaland ForumNairaland GeneralPoliticsNigeria's Economy Is Growing Hot!! Watch Mckinsey's CEO Speech At Stanford Univ. (2698 Views)

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Re: Nigeria's Economy Is Growing Hot!! Watch Mckinsey's CEO Speech At Stanford Univ. by EKONGKING: 9:16pm On Jun 03, 2013
Good job GEJ .Whether PDP OR ACN, which ever party is in power in states or nation. Nigeria is progressing .
If we maintain the same growth we will join china and india at top of the developing countries.


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Re: Nigeria's Economy Is Growing Hot!! Watch Mckinsey's CEO Speech At Stanford Univ. by Gerrard59(m): 6:14am On Jul 31, 2024
EKONGKING:
Good job GEJ .Whether PDP OR ACN, which ever party is in power in states or nation. Nigeria is progressing .
If we maintain the same growth we will join china and india at top of the developing countries.

cool cool cool cool cool cool cool cool cool cool cool cool cool cool cool cool cool cool cool cool
grin grin grin grin

Eleven years on. Tensa20, my oga, has won again. 😂
Re: Nigeria's Economy Is Growing Hot!! Watch Mckinsey's CEO Speech At Stanford Univ. by EKONGKING: 7:50pm On Jul 31, 2024
Gerrard59:
grin grin grin grin

Eleven years on. Tensa20, my oga, has won again. 😂
Its a sad pity , 11 years back Nigeria is 80 % to 90 % of India in development . Now India has pulled far ahead of Nigeria .

Comparing Nigeria to India is like comparing India to China .

Buhari is the sole person responsible for this sh@t .
Re: Nigeria's Economy Is Growing Hot!! Watch Mckinsey's CEO Speech At Stanford Univ. by EKONGKING: 8:09pm On Jul 31, 2024
PapaBrowne:
Totally agree. Except maybe for Harvard.
Stanford's location as in Bay area and Silicon valley helps make it the leading institution for entrepreneurship and start up companies.

Topic:
The Mckinsey CEO says, : If you want to succeed in tommorow's business world, you must know a Chinese , A brazilian, an Indonesian and a Nigeria Business Executive. He puts Nigeria at the top of the league.

Some of the highlights of the speech:
There is a tectonic shift in global economics with power shifting from the traditional west to the global south.
3 Billion new middle class would be created from Emerging markets.

Nigeria would have more newborns this year than all of Europe combined.
Implication:
Make toys, Start a baby clothing line, Ecommerce in baby products, Open a creche,Make Napkin, Wipes and Diapers and you'll make a hell of money.

Nigerians are starting some of the most amazing companies in the globe.
Implications:
Serve as a consultant. Provide services for companies in accounting, logistics& distribution, Human Resource, Digital arts, Media/Communications, Outsourcing. IT. And a whole lot more.
One Example: E commerce is gaining tremendous grounds in Nigeria. But there is no organized distribution channel to get products across the country. Huge opportunity for a company that would engage in nationwide door to door delivery..

I tell my new executive directors, in the first 2 months of operations, they must have either met a Chinese, Brazilian or Nigerian executive.
Implication:
Companies are seeking to come to Nigeria in droves. Those Stanford students are going to leave that hall thinking, I got to do some more research about Nigeria. The opportunities there must be crazy! They are gonna want to start up new companies here. Its already happening. Procter and Gamble is opening a new manufacturing plant in Nigeria focusing on Diaper production. 350 million dollars investment. And it is happening on the strength of the number of middle class newborns that would enter the market.
Opportunities would exist for individuals who can partner with all these companies looking to set foot in Nigeria.


Immense opportunities. A positive outlook is the first step to taking advantage of these opportunities. In the next 15 years, the world is going to need 76 new Procter and Gambles to cater for the 3 billion new middle class. Procter and gamble sold $84 Billion in 2012. You could actually be the owner of one of them instead of one of those Stanford grads! Lets take advantage!
Nigeria and Indonesia loss is gain for India and Vietnam . They are seriously benefiting as western companies are shifting production from China .

Every month Vietnam is announcing a billion dollars plant by western companies ,ditto India .
Re: Nigeria's Economy Is Growing Hot!! Watch Mckinsey's CEO Speech At Stanford Univ. by Gerrard59(m): 1:45am On Aug 01, 2024
EKONGKING:
Nigeria and Indonesia loss is gain for India and Vietnam . They are seriously benefiting as western companies are shifting production from China .
Every month Vietnam is announcing a billion dollars plant by western companies ,ditto India .
Vietnam is benefitting because it is culturally similar and geographically closer to China. Indonesia, OTOH, has liberalised its visa policies to attract investors and tourists. I think only Kenya and maybe Tanzania are doing something in that direction. The rest of the continent thinks somehow regarding foreign investments. I really don't know why.
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