I saw an article posted about how The south East got the lowest FDI in the Nation. Then I also read the comments and couldn't stand the level of ignorance I saw.

Let me put this straight; If the south East had ever depended on FDI to run and grow its economy, then Igbos would be worse than Almajiri beggars.

The Igbos I know have never ever depended on Foriegn direct investments to grow their economy. Instead what happens in the south East is that local investors are the major players.

We compete with foreigners when they come to Nigeria with their investments and We copy their investments. Example is when Shoprite came to Nigeria.

If the Nigerian Government that keeps track of Foreign investments coming into the country also starts counting local investments including the ones done by Igbos in the Diaspora, then you will understand where the South East truly stands

Lastly the majority of the profit from foreign investments goes to foreigners while the profit by local investors stays and circulates in the local economy.

My second point,

Thanks to Obasanjo administratin, Gas from Imo state and other Niger delta regions is supplied to lagos and Ogun. This gives ogun state a comparative advantage. This advantage will diminish once Nestoil, shell, septlat and others can complete their gas projects in the East. It will lead to manufacturing boom and reduce the cost of production in the south East.

But even with that you will not still see much FDI in the south east, rather local investors and entrepreneurs will go for the gold rush.

cc Maduawuchukwu Rdokoye Nedu666 Gwafaeziokwu Rgade

pride is killing you. even China want more fdi

gnykelly:
pride is killing you. even China want more fdi

Has nothing to do with pride. We get our foreign investments from the massive Igbo diaspora all over the world. Trust me if we are desperate for foreign investments like the types you have in Ogun and lagos, we will do everything in our power to get it.

But thank God Igbos are investing back home and our economy is in our hands not in the hands of foreigners

Brilliant analysis bros!

PROUDIGBO:
Brilliant analysis bros!

Thanks, I cant stand when these folks try to lie and misinform against the SE and Igbos in general with bogus or incomplete stats.

We saw how corona pandemic exposed yemi's cooked up statistics.

Guy, stop chest beating.
Today the East remains the most backward region in this Country. Everything is not just working well in the EAst. I'm an Igbo man from Aba but I had to relocate to Benin, in search of greener pasture. Cause the East is no longer viable for Business. Hundreds of youths leave the East daily to other regions, to make ends meet.

We lack good infrastructures, good Roads and the economy of the East is worst. That's why the East contributes zero to the Economy of Nigeria. We refused to accommodate others who wish to do business in our region, NA we dey suffer am now.

Lol, one thing is killing you guys.
You think the world revolves around you, that you're the only tribe that has this or that.

You talked about shoprite, lol so you're the only tribe that has malls in Nigeria?

gnykelly:
pride is killing you. even China want more fdi

He should read about US maybe there is no FDI

Bighead9:
Guy, stop chest beating.
Today the East remains the most backward region in this Country. Everything is not just working well in the EAst. I'm an Igbo man from Aba but I had to relocate to Benin, in search of greener pasture. Cause the East is no longer viable for Business. Hundreds of youths leave the East daily to other regions, to make ends meet.

We lack good infrastructures, good Roads and the economy of the East is worst. That's why the East contributes zero to the Economy of Nigeria. We refused to accommodate others who wish to do business in our region, NA we dey suffer am now.

If you are igbo then I am Chinese. plus una no dey tire with this 2005 picture of Onitsha. I am sure in the year 2030 you will still be posting the same pictures.

The first picture is not even Onitsha. Its actually lagos

horsepower102:


If you are igbo then I am Chinese. plus una no dey tire with this 2005 picture of Onitsha. I am sure in the year 2030 you will still be posting the same pictures.

I'm Igbo and I say it as it is.
Onitsha is one backward town, filled with Slums.

perfect analysis... l came across that thread with ppl from a section of the country almost skipping about the thread in gloat that the igbos have once more suffered most in the country...

I keep hearing that igbos are subdued and are 5th class citizens ,but what I see on ground greatly negates all that.. For one I hardly come across Igbo beggars and touts..


well we will all do well by shunning hate and efforts at pulling each other down..letsstop celebrating nepotic unimpressive leaders just because they dumbly try to marginslise some sections..let's use the energy to emulate the Hardy and industrious amongst us,so that good things can flow unhindered towards every quarter..

shalom

I can see that some people are boasting with this Lagos! If they truly know how this same commercial capital of the nation is depriving their home states vital FDI, they'll weep. Osun indigenes una dey hear?

Now, all the SE needs to do is push for massive industrialization. I dislike the idea of flaunting real estates in Igboland. I see no reason why we should be wasting scare lands to luxury homes that doesn't feed anyone. As a matter of fact, if I have my way I'll call for the demolition of estates that encroach into areas mapped out for industrialization. And insist on the halt of careless land grab to show off wealth.

It's quit alarming that virtually all the industrial estates built by the likes of MI Okpara, Sam Mbakwe, Jim Nwobodo etc are are now filled with lush homes. If our people can turn their attention (especially those in the diaspora) to setting up, even custard, toothpick, pharmaceutical or biscuit companies it will go a long way in improving the economic status of the SE. Rather than encourage our people to build mansions, we should begin to tap into industrial and agro wealth.

mightyhazell:
perfect analysis... l came across that thread with ppl from a section of the country almost skipping around the thread in gloat that the igbos have once more suffered most in the country...

I keep hearing that igbos are subdued and are 5th class citizens ,but what I see on ground greatly negates all that.. For one I hardly come across Igbo beggars and touts..


well we will all do well by shunning hate and efforts at pulling each other down..letsstop celebrating nepotic unimpressive leaders just because they marginslise some sections..let's use the energy to emulate the Hardy and industrious amongst us,so that good things can flow unhindered towards every quarter..

My brother, IF you gave me a choice between Foreign investors vs Local (incluiding diaspora) investors, I will always pick Local.

The main reason is that local investors tend to be more loyal especially during the times of crisis or bad economy which foreign investors will pack up and run away.

The other day, the governor of Bornu state was thanking Igbos for not abandoning his state as others did in times of crisis. They stayed and continued to create Jobs in the local economy.

Bighead9:
Guy, stop chest beating.
Today the East remains the most backward region in this Country. Everything is not just working well in the EAst. I'm an Igbo man from Aba but I had to relocate to Benin, in search of greener pasture. Cause the East is no longer viable for Business. Hundreds of youths leave the East daily to other regions, to make ends meet.

We lack good infrastructures, good Roads and the economy of the East is worst. That's why the East contributes zero to the Economy of Nigeria. We refused to accommodate others who wish to do business in our region, NA we dey suffer am now.

I can feel you pain. Sorry.

UdechiHD:
I can see that some people are boasting with this Lagos! If they truly know how this same commercial capital of the nation is depriving their home states vital FDI, they'll weep.

All the SE needs to do is push for massive industrialization. I dislike the idea of flaunting real estates in Igboland. I see no reason why we should be wasting scare lands to luxury homes that doesn't feed anyone. As a matter of fact, if Inhave my way I'll call for the demolition of estate that encroach into areas mapped out for industrialization. Virtually all the industrial estates built by the likes of MI Okpara, Sam Mbakwe, Jim Nwobodo etc are are now filled with lush homes. If our people can turn their attention especially those in the diaspora to setting up, even custard, pharmaceutical or biscuit companies it will go a long way in improving the economic status of the SE.

Dont worry you will see the level of investments that will pour into manufacturing once the Gas pipelines come to the south East. lots of things are happening behind the scene.

horsepower102:


Dont worry you will see the level of investments that will pour into manufacturing once the Gas pipelines come to the south East. lots of things are happening behind the scene.

I understand the idea of gas pipeline. But pipeline without industrial orientation would end as a waste of time. Our people must begin to understand the importance of setting up agro or industrial companies. No matter how small it is. Yes, we've got issues concerning transportation, railways and seaport. However, there is nothing a people cannot accomplish if we put heads together. We must begin to industrialize the east, whether bad road or less federal presence. Doing this will stop the foolish rush of our youth running to foreign countries and our dependence on other zones to carryout our trading activities.

The likes of Sam Mbakwe had a vision, and we must not allow it to die. For instance, if I use my plot of land to set up a custard company, and you use your 2 plot to set up a bottle water company and Emeka uses his 4 plot to set up a pharmaceutical company, a lot will change for the better. As a matter of fact, every part of Nigeria would be our export areas. But rather than do this, our people would rather or even greedily focus on China importation, and use Lagos port as an excuse to achieve their selfish ambitions.

horsepower102:


My brother, IF you gave me a choice between Foreign investors vs Local (incluiding diaspora) investors, I will always pick Local.

The main reason is that local investors tend to be more loyal especially during the times of crisis or bad economy which foreign investors will pack up and run away.

The other day, the governor of Bornu state was thanking Igbos for not abandoning his state as others did in times of crisis. They stayed and continued to create Jobs in the local economy.

ofcourse ours will always be ours.. u don't abandon your own even when he becomes a corpse and putrefying.. Local investments/investors should be what we should try to focus on and improve

Foreigners are not fools,they can't love you more than they love themselves (that is if they love you at all).. They will explore all legal means to shortchange you as much as possible.. It really isn't/shdnt be sth to sit snug and brag about

UdechiHD:
I understand the idea if the gas pipeline. But pipeline without industrial orientation would end in a waste of time. Our people must begin to understand the importance of setting up agro or industrial companies. No matter how small. Yes, we've got issues concerning transportation, railways and seaport. However, there is nothing a people cannot accomplish if we put heads together. We must begin to industrialize the east, whether bad road or less federal presence. Doing this will stop the foolish rush of our youth to go into foreign countries and our dependence on other zones to carryout trading.

The lines of Sam Mbakwe had a vision, and we must not allow it to die. For instance, if I use my plot if land to set up a custard company, and you use your 2 plot to set up a bottle water company and Emeka uses his 4 plot to set up a pharmaceutical company, cure-all every part if Nigeria would be our export areas.

I really see your vision. But what if I told you that these things are already happening but you don't know about them because of those small cottage industries unfortunately do not have strong online presence.

If you notice, there is a reason always goes around Onitsha and its environs and showing us all the various locally manufactured goods. You will never know that serious manufacturing is happening until you go to the markets and start looking at the addressees of many package products.

To be honest and fair, our people are making the most of what they have so far. A reliable gas supply will be a massive boost to manufacturing.

Sammy07:
He should read about US maybe there is no FDI

why do you think they want more immigrant

Sammy07:
He should read about US maybe there is no FDI

why do you think they want more immigrant

gnykelly:


why do you think they want more immigrant

check this

Ability to attract FDI is a measure of economic development in all countries of the world.

Frenchkiss564:
Ability to attract FDI is a measure of economic development in all countries of the world.

Yes you are correct to some degree BUT Majority of Developed countries today developed their lands not with FDI but with local investments in manufacturing, local consumption and exports of finished goods to other markets.

horsepower102:


Yes you are correct to some degree BUT Majority of Developed countries today developed their lands not with FDI but with local investments in manufacturing, local consumption and exports of finished goods to other markets.

While that may be true, FDI trumps local investment because it allows for the much needed technology transfer from a developed country to a developing one.

igbos don't need investment, I was told baby factory, trafficking, drugs, ritualism, scam, swindling etc can generate more IGR than the entire US Treasury

Frenchkiss564:


While that may be true, FDI trumps local investment because it allows for the much needed technology transfer from a developed country to a developing one.

Not always the case but china has been able to pull that off because of their political leverage but lots of weaker countries will find it difficult to convince investors to transfer technology. Some foreign investors do a very limited transfer technology while critically preserving their intellectual properties and trade secrets. Without those, the little technology or skill transfers become useless if they leave or divest.

Bighead9:
Guy, stop chest beating.
Today the East remains the most backward region in this Country. Everything is not just working well in the EAst. I'm an Igbo man from Aba but I had to relocate to Benin, in search of greener pasture. Cause the East is no longer viable for Business. Hundreds of youths leave the East daily to other regions, to make ends meet.

We lack good infrastructures, good Roads and the economy of the East is worst. That's why the East contributes zero to the Economy of Nigeria. We refused to accommodate others who wish to do business in our region, NA we dey suffer am now.

Oga you are not informed about Igbos, I doubt if you have ever stayed in ABA , how many Yorubas, Hausas and Tiv people were denied owning landed properties in the East? that State you relocated to, did they send you an invitation letter to come and live with them or you went there to attach yourself? have you asked yourself why Chinese, Lebanese and whites are coming into NIGERIA in spite of insecurity and lack of infrastructure? they come here because they are looking for markets for their goods and services, that is how Igbos go to other states to sale their goods and services because those natives are not into such businesses. A Yoruba man will not want to acquire landed properties in the East because they come to the East as Military, Para milliary or senior Civil servants on transfers so their stay is usually temporary unlike an Igbo man that travels to Borno State to establish his business that he wants to grow, expand and hand it down to his children. At Borno State he has little or no competitors but in ABA there are millions of fellow Igbos in the same line of business.

Bighead9:
Guy, stop chest beating.
Today the East remains the most backward region in this Country. Everything is not just working well in the EAst. I'm an Igbo man from Aba but I had to relocate to Benin, in search of greener pasture. Cause the East is no longer viable for Business. Hundreds of youths leave the East daily to other regions, to make ends meet.

We lack good infrastructures, good Roads and the economy of the East is worst. That's why the East contributes zero to the Economy of Nigeria. We refused to accommodate others who wish to do business in our region, NA we dey suffer am now.

Good for you.... But hope you have become Dangote at the place you left the East for.