Belgium-nigeria Relations Have Intensified - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › Belgium-nigeria Relations Have Intensified (921 Views)
| Belgium-nigeria Relations Have Intensified by Blue3k(op): 7:05pm On Nov 28, 2017 |
Stephane De Loecker, Ambassador, Embassy of the Kingdom of BelgiumSource: https://www.vanguardngr.com/2017/11/belgium-nigeria-relations-intensified-2/ Front Page: lalasticlala |
| Re: Belgium-nigeria Relations Have Intensified by Blue3k(op): 7:23pm On Nov 28, 2017*. Modified: 8:30pm On Nov 28, 2017 |
I wish Nigeria would follow their example on free trade instead of doing all this protectionist nonsense. The ban list and forex restrictions are harmful. Then they dont address fundamental issues of productivity. Im not sure if the EU treaty the Ambassador advocating for is a good idea since i havent read it. Ninety per cent of Belgium’s trade relations with Nigeria is petroleum based. The Port of Antwerp imports low value Nigerian crude oil, and in return, we export various types of gasoline and gasoil to Nigeria, of a much higher value. In financial terms, this means that Belgium is gaining 20 times more foreign exchange than Nigeria.Refining and economic diversification is a must. |
| Re: Belgium-nigeria Relations Have Intensified by omohayek: 9:18pm On Nov 28, 2017*. Modified: 9:49pm On Nov 28, 2017 |
Blue3k:Unfortunately it will fall on deaf ears, as the economic sophistication of most of Nigeria's political elite is so lacking that they think "self sufficiency" is the answer to all ills. Why else would empty barrels like Lai Mohammed keep talking up nonsense like "Nigeria will become self-sufficient in rice by 2019", as if such a thing were intrinsically desirable even if it were true (which it never is)? |
| Re: Belgium-nigeria Relations Have Intensified by MasterChen: 9:23pm On Nov 28, 2017*. Modified: 12:19am On Nov 29, 2017 |
Blue3k:Breh, Belgium is too far sef. We have our Botswanan neighbours we can learn a lot from. But delusion of "giant of Africa" won't let us borrow sense Just few days ago, I was reading about Seretse Khama, the former President of Botswana. You need to read how this guy transformed Botswana through mining and smart economic policies from one of the poorest countries in the world to the fastest growing economy in the world within 20 years. I tell you bro, fixing Nigeria is no rocket science. We are just cursed with stupid people as leaders. Stupid citizens too are already pushing Buhari and Atiku for 2019. |
| Re: Belgium-nigeria Relations Have Intensified by kn23h(m): 9:57pm On Nov 28, 2017 |
MasterChen:Sensei Chen, do they really want to fix Nigeria? That's the first and most important question. If yes..... do they have the brainbox to fix Nigeria? If yes..... does Nigeria have the resources to fix Nigeria? If yes..... why aren't we fixing Nigeria? |
| Re: Belgium-nigeria Relations Have Intensified by MasterChen: 10:05pm On Nov 28, 2017 |
kn23h:Mehn...there are two words that answer all your questions. Incompetence and selfishness. Like I said on another thread, you can't give what you don't have. Most Nigerian leaders are dumb |
| Re: Belgium-nigeria Relations Have Intensified by EVarn(m): 10:24pm On Nov 28, 2017 |
Blue3k:Nigeria's protectionist policies are not unfounded, our manufacturing sector is still very nascent, we cannot afford to flood our local market sphere with sophisticated imported European goods, leaving our own local industries with no way to compete. It has to be a multiple approach; we improve our ease of doing business, empower startups and SMEs with necessary funding and tax exemptions, and build enabling infrastructures such as power,good roads,rail,steel plants and refineries that would propel our own industrial revolution. Only after developing our own local manufacturing capacity to an extent, can we then fully open our borders and operate an open economy. |
| Re: Belgium-nigeria Relations Have Intensified by Justiceleague1: 10:47pm On Nov 28, 2017 |
Op,this is all bulcht MasterChen:chattap ua maut dia,luk whos talkn? Y wont stupid leaders rule ur arsse wen all u ewedus do is search for rats and cockroaches on ever igbo thread.. Kunlau_mental ![]() |
| Re: Belgium-nigeria Relations Have Intensified by omohayek: 12:19am On Nov 29, 2017 |
EVarn:You're just recycling the old "infant industry" nonsense that has failed over and over again. The trouble with "infant industries" is that they never seem to grow up: can you name a single industry in Nigeria that has flourished because of all the protectionist measures adopted since 1960? And when I say "flourished", I mean grown to the point where it was able to stand on its own feet after losing protection, to the extent of even becoming an exporter. I mean seriously, just think about it for a second: if you were a businessman lucky or cunning enough to get special protection for your industry, why would you ever want to open yourself up to foreign competition, no matter how big or successful your company becomes? This is exactly how Nigeria got lumped with Dangote's cement monopoly that causes each and every Nigerian who builds a house to pay more than 2x the international price for cement when building a house (and even renters can't escape the tax because their landlords pass it on in their rates). Dangote has $12 billion in the bank, and yet his "infant industry" is still sucking millions of poor Nigerians dry to this day. Nigeria's trade to GDP ratio is already among the lowest in the world. What the country needs now is much more openness to both capital and trade, not less in the name of some stale "infant industry" argument that's already been tried unsuccessfully for nearly 60 years. |
| Re: Belgium-nigeria Relations Have Intensified by EVarn(m): 5:10pm On Nov 29, 2017 |
omohayek:So your idea is to go ahead and flood the market with imported goods anyway? See, the reason why the protectionist policies aren't working for us is because the government is not providing the enabling environment,incentives(SME funding and subsidies) and infrastructures(like power,roads and rail) for the policies to have maximum effect. When a country puts protectionist policies in place(i.e decides to operate a close system), it must also put in place measures; social programmes,infrastructures,loans to ensure that the policies translates into adequate industrial growth. But Nigeria isn't doing any of that. So the problem isn't the protectionist policies, but the lack of economic planning by the government. Nigeria, or even Africa is not America, we cannot just open our markets to international trade without a firm local industrial base. We cannot continue to consume, it has a long term effect of stifling our own start ups and further lowering balance of trade with other countries. |
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