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Nairaland Forum / Science/Technology / Programming / Could Lagos, Nigeria Be The Next Silicon Valley? - American Media (25361 Views)
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Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by slapandfall(m): 7:45am On May 06, 2018 |
Proud of Andela 1 Like |
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Doerstech(m): 8:06am On May 06, 2018 |
Something is happening in Aba with LearnFactory Nigeria.... 1 Like
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Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by omohayek: 8:10am On May 06, 2018 |
This is the kind of story that illustrates most vividly how clueless and worthless Nigeria's leaders are. While Buhari is busy obsessing over the same old exportation of unrefined crude oil that Nigeria has depended on since 1970, in the western world new tech companies have sprung up from nothing but the imaginations of a few private individuals, to now be worth far, far more than all of Nigeria's oil exports in the last 48 years combined! We are now in a world where individual software developers working out of Lagos or Ibadan can take on contracts that can easily earn them $200/day or more, without even having to leave their houses, so why aren't more of them out there? Because the Nigerian environment does so much to frustrate them - from the lack of constant, reliable power, to the absence of fast and cheap internet access, to an unwieldy and opaque foreign-exchange policy that makes it difficult for Nigerians to do business with foreign counterparties. If Buhari had a clue, or at least was willing to bring in advisors who could lend him one, he'd be spending what energy he does have trying to smooth the way for Nigeria's tech sector, through measures like helping the telecoms companies obtain the rights of way to plant fibre-optic cables across the country, introducing a single, freely exchangeable forex rate so foreign investors can be sure they can repatriate their earnings, and chopping up the national grid so places like Lagos can guarantee 24/7 power to local businesses instead of seeing the power they generate being stranded on a decrepit NEPA grid. The sad thing is that not a single one of the alternatives to Buhari seems any more clued in than he is: not any of the old thieves in the PDP, and certainly not the economic illiterate Sowore, who comes up with sillier and sillier proposals everyday. Just about the only active politician who stands a chance of knowing what to do is, ironically enough, Osinbajo, who is stuck playing apologist for a decrepit, half-educated old man out of loyalty, even as he is fully aware of the unfitness of his boss for the office he clings on to. We know Osinbajo has what it takes because we've seen him in action in the past, when in a few weeks he did more than Buhari had accomplished in a year, and we've also seen him say all the right things when sent to do roadshows for foreign investors. Unfortunately, Nigeria is a sh*thole country full of sh*thole voters who are ruled by tribal and religious sentiments, so even though Osinbajo would clearly be a far better president than any of the alternatives on offer, the best the country can hope for is 4 more years of drift under the incompetent and senile Buhari, 4 wasted years simply so "the north" can say it has had its "turn", even though said "turn" will have impoverished the northern masses even more than their southern counterparts. If Nigeria weren't run on the basis of tribalism, those northern masses would realize that having large numbers of young, successful programmers in the south bringing in lots of hard US$ would be good for them as well, as it would mean more tax revenues for the Nigerian state to fund development in the north, as well as more demand for the agricultural products the north has a comparative advantage in. They would appreciate that a competent southerner who fostered such a development would be far better for them than a useless old man of "integrity" who refuses to even tell them what illness he spent so many months away in London being treated for, and under whom the everyday corruption that they must deal with has not declined even one iota. But most Nigerians are tribalistic fo.ols, so none of these obvious ideas will register, and the country is doomed to 4 more years of declining GDP per-capita as Buhari continues his fruitless chase for oil in the north. 9 Likes 6 Shares |
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by abdulkayus(m): 8:33am On May 06, 2018 |
shine12: And to even surprise you , there are more tech hubs in the north than in the south. I was shocked when I learnt that also. |
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Ups01(m): 8:37am On May 06, 2018 |
@omohayek Double Twale! That was outstanding! |
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Nobody: 8:38am On May 06, 2018 |
- 4 Likes |
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Iammercy2018: 8:42am On May 06, 2018 |
dadavivo:name one of the tech companies |
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Ups01(m): 8:42am On May 06, 2018 |
TheCrazyDon: One of the lazy Nigerian youths ! 2 Likes |
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Nobody: 8:45am On May 06, 2018 |
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Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Ups01(m): 8:46am On May 06, 2018 |
Iammercy2018: When etisalat couldn't pay it's debt due to skyrocketing dollar they had to be sold. Under Buhariconomics - Konga was sold - So many foreign tech companies shutdown omohayek summarized everything above, read it! 1 Like |
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Bahddo(m): 8:50am On May 06, 2018 |
TheCrazyDon:do not tell non-programmers to 'Keep It Simple Stupid'. They would think you are insulting them. 1 Like |
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by soflygerian(m): 8:51am On May 06, 2018 |
Exactly my point, leave this country and comebk in 10years... |
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Ejiod(m): 8:54am On May 06, 2018 |
Bahddo:Lol! I tell u, dey won't understand |
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Ugosample(m): 8:59am On May 06, 2018 |
TheCrazyDon: LMAO baba why you dey vex na? Cool down |
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by codemaniacs: 9:15am On May 06, 2018 |
zz |
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by dadavivo: 9:42am On May 06, 2018 |
Iammercy2018:One company ke? I go give you more than one, see dis one o. Showroom.ng The showroom platform started with the lofty goal of making millionaires of up to 100,000 Nigerian carpenters. Carpenters were to display their works and get connected to customers also shut down. But after 12 years of trying without success to scale its operations, CEO, Sheriff Shittu, announced in 2016 that it was shutting down. Easy Taxi Easy Taxi began in Brazil but was one of the first Rocket Internet companies to launch in Africa in 2013. Despite an additional funding of over $10million from Rocket International for its expansion into Asia and Africa, the news of its exit from the African market still shocked many. The company packed up when its Nigerian co-founder, Bankole Cardoso, stepped down in April 2016. GoMyWay It wasn’t up to 2 years into its operations, when this ridesharing platform announced that it would be bowing out of the business. Investors came to a conclusion to shut down operations because of lack of resources to run the business. But perhaps, the real reason would have been that the platform was reduced to a place for introductions as users tend to take transactions off the platform after contact. Camplus The startup which was founded by David Edet in 2016, was aimed at connecting students and student entrepreneurs across Africa through e-commerce. It had a promising start and made more than N4 million in sales revenue in just a month after launch. But according to its founder, Camplus’s shut down was due to recession prices and the high cost of running a business in Nigeria. Efritin.com The classified ads platform recently shut down its operations, barely 16 months after it was founded. The founder and CEO of Saltside Technologies, Nils Hammar disclosed that it was due to the platform’s inability to generate the desired returns on investment (ROI). Hammar added that the high cost of Internet and data and internet also informed the platform's decision to scale back on its investments in Nigeria. PASS.NG Samson Abioye was CEO of Pass.ng until his death on July 28, 2017. He was 25. The LAUTECH Alumni was using his work at Pass.ng to push his dreams to help young Nigerians perform better in their WAEC, JAMB, and Common Entrance Examinations. meanwhile under the terrorist Buhari 271 firm shut down in one year - MAN Manufacturers and other private sector operators on Tuesday painted a gloomy picture of how the foreign exchange restriction placed on 41 items by the Central Bank of Nigeria had affected operations in the business sector. They said that since the restriction order was placed last year, about 272 firms had been forced out of business, 50 of which were manufacturing companies. While some of the affected manufacturers have relocated to neighboring countries, according to Manufacturers Association of Nigeria, at least 222 small-scale businesses have closed shops, leading to 180,000 job losses. http://www.punchng.com/272-firms-shut-one-year-man/ |
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by omohayek: 10:04am On May 06, 2018 |
TheCrazyDon:What you mean to say is that stupid people like you don't have the patience or the intelligence to read anything more than a few words long. Don't worry, I didn't aim my post at imbe.ciles like you: in fact, you and your lazy, low-IQ ilk are the ones I blame for the fact that the intelligent Nigerians have to go abroad to do what their sh*tty government doesn't allow them to do at home. 3 Likes |
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Nobody: 10:05am On May 06, 2018 |
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Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by omohayek: 10:07am On May 06, 2018 |
codemaniacs:The ignorant one here is YOU, so stupid that you talk about Buhari "investing in tech" even though I noted that the wealth created by tech companies in the west was through private individuals. You think the US government invested in Microsoft, Apple, Google, Facebook or Amazon? You are symptomatic of everything that is wrong with this wasteland of a country, quick to spout insults from your sh*thole of a mouth despite lacking even a rudimentary understanding of the issue under discussion. 3 Likes |
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by omohayek: 10:09am On May 06, 2018 |
TheCrazyDon:We didn't need to know the sordid details of your family life, but you can keep talking to yourself like the dimwitted nutjob you are. 2 Likes |
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Iammercy2018: 10:19am On May 06, 2018 |
dadavivo:did you even read what you posted above at all SMH |
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Iammercy2018: 10:23am On May 06, 2018 |
Ups01:etisalat was sold to who? Where's it being operated is it not in Nigeria still? The person that bought it the Buhari administration didn't affect him/her/them? SMH 1 Like 1 Share |
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Revolva(m): 10:28am On May 06, 2018 |
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by codemaniacs: 10:40am On May 06, 2018 |
zz |
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Originalsly: 10:59am On May 06, 2018 |
nwoke37: Silicon Valley is about innovation. .... not sleek desks nor training. The guy is running a training centre....how is that related to Silicon Valley? 3 Likes |
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by dadavivo: 12:16pm On May 06, 2018 |
Iammercy2018:No I didn't, that's why I put it there for you to read. |
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Moorish: 1:17pm On May 06, 2018 |
omohayek: Reading your post gives me slight hope. That we have cerebral people left in this place Ethiopia is the fastest growing economy on the continent of africa. They produce coffee. No, not oil, COFFEE! Buhari should be enlightened. We, the south west should boycott buhari if we are wise oh Forget his "integrity" image, it is clear the man is confused! I supported him because of the bandwagon effect, and I knew Jonathan was lacking some leadership qualities. But I think Jonathan had a better economic team! Anyway, I believe it is time for buhari to go. And I was once a fan. Its sad |
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Iammercy2018: 4:41pm On May 06, 2018 |
dadavivo:bno wonder, cos If u do u wouldn't have posted it |
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by dadavivo: 6:01pm On May 06, 2018 |
Iammercy2018:go suck more balls |
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by ebenholer(m): 6:47pm On May 06, 2018 |
Lagos not becoming any silicon valley...the govt move is far from yielding the expected result as at now cos all is yet to be back up with sincerity and truthfulness. |
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by dfrost: 7:24pm On May 06, 2018 |
Bahddo: techies in the building. |
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