tactius:


Michellin left Nigeria by the early 1990's. Dunlop left around 2002.

Nigeria Airways was on its last legs by the time Obasanjo came around...and there was nothing he could have done.(Infact, OBJ, in fairness to him was pissed that NA, which he left in 1979 with over 30 aircraft was down to one by 1999 when he came around).

NITEL...simple problem was that they did not prep well enough for the GSM revolution, like most of their state run counterparts elsewhere.Otherwise, they were doing well till around 2009....

As for Delta Steel....so long as Ajaokuta was not working, Delta Steel, and the other steel plants set up elsewhere COULD NOT WORK. And Ajokuta failing had more to do with the incompetence of the army rule, and the PDP's messing up of the privatization of the complex.

9jaRealist:


Thank you!

They started collapsing in the mid-1980s, before some of us were even born, following the introduction of SAP. But why will the textile (or any other manufacturing) industry not collapse when this country is bragging about 5000 MW of electricity (energy being a significant cost in textile production) or when smugglers pour in through the open Northern borders (the same borders allegedly used by many Next Level voters ).

OkunrinOloro:
Emefiele said the companies collapsed "in recent times" and not in the nineties.

9jaRealist:


Emefiele is trying to keep his job, but even Emefiele would not be that clueless...
That part of the news report is not a quote from Emefiele, but merely the reporter's ill-informed editorialization.

iammo:


your points are duly noted, lets say the cuasative factors is Military miss rule, shouldnt the fixation factor come from PDP?.. for instance politicians at all level never made investment toward power generation however the little on our national grid they are expanding it uses through rural electrification show off project while generation remain stagnant. Look at what Ameachi is trying to do in just 2.5 years (even if he inflated figures) connecting three states Ogun , Oyo , Lagos on standard guage.. if we had start such at 1999 we would had covered half of nigerian states in 16 years

tactius:

2.You Nigerians refuse to pay your power bills, your government agencies refuse to pay your power bills, you want power companies to accept bills that are below the production cost for power, some of you chase away DISCO officals doing their job....and you insist on subsidy for fuel...preventing petroleum companies from making a sufficient profit to invest in new refineries, new gas plants, you vote for the people in PDP who robbed our country for 16 years, and some of you vote for APC with people like Grasscutter, Gandollars, Lion cub of ubima, and Bourdillion Jagaban, and you expect light 24/7?

9jaRealist:
Nigerians stealing electricity since 1960...

In a country of supposedly almost 200 million citizens (of course we don’t really know how many we really are), there are only about 6 million registered electricity consumers, and even then the military and the government MDAs steadfastly refuse to settle their bills. There are actually entire estates in Nigeria with illegal connections to the public grid. Anyway, it’s perhaps poetic justice for those insiders who rushed to grab the privatized DISCOs based on a misguided notion that it will be like GSM telephony.

Meanwhile, why beat up innocent foot soldiers at the bottom of the corporate pyramid who are merely doing their job rather than the suits in the corporate suites who set policies, send the bills and make enforcement (including disconnection) decisions? This is pretty much the same reason that violent protests are usually confined to the Mainland in Lagos and virtually never in the elite districts of Ikoyi or VI. SMH

9jaRealist:


Dude, you are preaching to the wrong person...
https://www.nairaland.com/4995124/family-members-fighting-nepa-officials/3#75326285


.

Sirjamo:
Which early nineties? PDP killed them all.

tactius:

Well, inasmuch as I don't like the PDP (or the APC even), many of the textile companies were in soup as far back as the 1990's.

As for power, while I blame politicians, I also blame Nigerians.

As far back as 1990...NEPA was crying that many people did not pay their bills and did 'illegal connections' .Some places even got light for 'free' (at one point the university where my parents worked was on free power ....technically some money was being paid). The same problem persists today under the DISCOS....and quite frankly (and I really hate making this argument, but after reading up more about this issue since 2014...when PDP took the 'insane' decision to sell power...and after NO Nigerian came forward to the panel set up to discuss the problem to oppose it..and learning a lot of stuff.)....we are not paying the DISCOS enough cash to allow them make investment in improving power...the same way we did for GSM over 10 years ago...when we were paying 20000 and above for a SIM, and for service so bad that at one point we could not make calls in between networks..but they took the money and invested it in better equipment

The truth is, Nigeria is a country where we like to share money. If PDP wanted to improve power...they would have sold the whole thing to foreign power companies, who would have raised prices, and made profits well well, while we groan....but eventually would have used the money plus the profit to make things better...in five years.(my estimate). But they did not because such decisions are not poltically popular.

So they sold the DISCOS to local investors (cronies), made them charge less than the cost of prdouction, while government buys electricity via Nigieria Bulk electricity trading company, and sells to them at lower prices,,,meanwhile GENCOS are forced to sell power at lower prices under the rules...lower than their production cost. No wonder power aint improving.

All the off grid solutions of this government are just temporary....either we take a long term loan to improve generation and transmission, or we tighten our seatbelts.

grandstar:
Best government open the border by slashing import duty on textile fabrics to 0% while that for garments to a maximum of 10%.

0% import duty on garments will lead to massive imports of fabrics. Since fabrics can't be worn until sown into garments, it will create lots of jobs.

10% import duty in garments will also create lots of employment especially self employment.

In addition, the ban on the importation of okrika should be lifted and replaced with a 10% tariff. This will fill government coffers with import duties

Emefiele hatred of the invisible hand and his unwillingness to allow creative destruction to take place is typical of him. He and Buhari share a lot together.

Sirjamo:
Which early nineties? PDP killed them all.

grandstar:
Best government open the border by slashing import duty on textile fabrics to 0% while that for garments to a maximum of 10%.

0% import duty on garments will lead to massive imports of fabrics. Since fabrics can't be worn until sown into garments, it will create lots of jobs.

10% import duty in garments will also create lots of employment especially self employment.

In addition, the ban on the importation of okrika should be lifted and replaced with a 10% tariff. This will fill government coffers with import duties

Emefiele hatred of the invisible hand and his unwillingness to allow creative destruction to take place is typical of him. He and Buhari share a lot together.

Sirjamo:
Which early nineties? PDP killed them all.

iammo:



Thanks to PDP, even Michelin ran away that year, Goverment Owned Business couldnt even survive their harsh corrupt economy with NITEL, Nigerian Airways and Delta steel all liquidating and assets sold cheaply, Nigerian Rail way become moribound so that their trailers can crush people.

Their Favourite Slogan was Goverment dont have business running bussiness just to scam and sell our asset to private pockets. while Other Goverment in UAE, Qatar, Ethopia were massively investing, in Porse automobile shares, Etisalat, Burj al arab hotels, Qatar airways Emirate Airways, Ethopian Airways etc they milked and cashed us out.

Thier Piglets would never have sober reflection on our past, they think politics and governance is like Barca vs Liverpool, where if PDP wins or APC there are no real life consiquences

Bitterleafsoup:
Abacha and Babangida are thieving bastards....

grandstar:
Best government open the border by slashing import duty on textile fabrics to 0% while that for garments to a maximum of 10%.

0% import duty on garments will lead to massive imports of fabrics. Since fabrics can't be worn until sown into garments, it will create lots of jobs.

10% import duty in garments will also create lots of employment especially self employment.

In addition, the ban on the importation of okrika should be lifted and replaced with a 10% tariff. This will fill government coffers with import duties

Emefiele hatred of the invisible hand and his unwillingness to allow creative destruction to take place is typical of him. He and Buhari share a lot together.

tayour917i:
God will restore all Nigeria's lost glory

Salebo:


This is economic suicide..

Don't be a dull.ard...

GeorgeTheCoder:



They are both beneficiaries of market manipulation. They can never promote the invisible hand.

tactius:


Well, inasmuch as I don't like the PDP (or the APC even), many of the textile companies were in soup as far back as the 1990's.

As for power, while I blame politicians, I also blame Nigerians.

As far back as 1990...NEPA was crying that many people did not pay their bills and did 'illegal connections' .Some places even got light for 'free' (at one point the university where my parents worked was on free power ....technically some money was being paid). The same problem persists today under the DISCOS....and quite frankly (and I really hate making this argument, but after reading up more about this issue since 2014...when PDP took the 'insane' decision to sell power...and after NO Nigerian came forward to the panel set up to discuss the problem to oppose it..and learning a lot of stuff.)....we are not paying the DISCOS enough cash to allow them make investment in improving power...the same way we did for GSM over 10 years ago...when we were paying 20000 and above for a SIM, and for service so bad that at one point we could not make calls in between networks..but they took the money and invested it in better equipment

The truth is, Nigeria is a country where we like to share money. If PDP wanted to improve power...they would have sold the whole thing to foreign power companies, who would have raised prices, and made profits well well, while we groan....but eventually would have used the money plus the profit to make things better...in five years.(my estimate). But they did not because such decisions are not poltically popular.

So they sold the DISCOS to local investors (cronies), made them charge less than the cost of prdouction, while government buys electricity via Nigieria Bulk electricity trading company, and sells to them at lower prices,,,meanwhile GENCOS are forced to sell power at lower prices under the rules...lower than their production cost. No wonder power aint improving.

All the off grid solutions of this government are just temporary....either we take a long term loan to improve generation and transmission, or we tighten our seatbelts.

Jaqenhghar:

Was there any glory in the first place? You cant lose what you never had

tayour917i:

Yes there was.... please read and reply https://thenerveafrica.com/10455/photos-the-sad-state-of-nigerias-once-glorious-textile-industry/


and


https://leadership.ng/2019/01/08/assessing-efforts-to-revive-nigerias-textile-industry/

tayour917i:
God will restore all Nigeria's lost glory

grandstar:
Best government open the border by slashing import duty on textile fabrics to 0% while that for garments to a maximum of 10%.

0% import duty on garments will lead to massive imports of fabrics. Since fabrics can't be worn until sown into garments, it will create lots of jobs.

10% import duty in garments will also create lots of employment especially self employment.

In addition, the ban on the importation of okrika should be lifted and replaced with a 10% tariff. This will fill government coffers with import duties

Emefiele hatred of the invisible hand and his unwillingness to allow creative destruction to take place is typical of him. He and Buhari share a lot together.

tkaofee:
BUHARI ���

buharitill2023:
you need to be in psychiatric,

they said importation collapsed 130 textile industries, and idiotic pigs still want 100％ importation,

tkaofee:
BUHARI ���

buharitill2023:
you need to be in psychiatric,

they said importation collapsed 130 textile industries, and idiotic pigs still want 100％ importation,