kilonshele101:
Make reading an habit.

Google search 'Asian tigers'


Ordinary rice production, you people failed woefully, you made look as if pmb was knowingly punishing Nigeria. Now you're here asking silly question.

Brooklynsouth:
when will you start making use of this brain what the Bleep gosh what type of person is this

laiperi:
Walayi, African leaders and those that voted and keep them in place are not only greedy, they are stupid.

They got most of their population to believe development can only come from foreigners.

Is that how USA, China and Russia feed their population, develop and became nuclear power?

Africans want to be recolonized.

tplayer:
yes we can't borrow like the US because our macroeconomic outlook is not strong.

On the other hand, the US has a better economy plus, what for this, it has the number one reserve currency, the Dollar. The dollar ensure it will continue to receive investments, creditors are willing to lender. etc. This shows in its financial and capital account .

rossoki:


China used brutal suppression to force self reliance. They banned virtually all imports, including food. Millions starved. And their middle classes had to use bicycles for transport, right up till the early 2000s, as all vehicle importation was banned.

There was mass opposition to these draconian policies for which countless millions of people were killed, tortured, and jailed, and many are still incarcerated till today.

Plus there are no civil rights. No freedom of speech or assembly, and one-party rule by the Chinese Communist party is the law.

Are you ready to go through the 30 years of HELL the Chinese people went through to be self-sufficient? If not - and I know you're not - then kindly STFU and accept the use of development loans and foreign capital.

laiperi:


True tok my buroda.

How did they become world currency? They abandoned Gold Standard Reserve.

Have you ever wondered why they did and why GHANA that had most of the GOLD in the British, France and American Reserves never had the number one currency?

Zimbabwe with all its Diamond lost it Economic Power just, I mean just because land changed from white hands to original owners after long promises, many British honors and Awards to Mugabe. When Mugabe faced threats from his people that could no longer live on promises:

By mean spirited POLITICAL FIAT they turned Zimbabwe money to toilet paper!

Please do not tell our Western educated economists that defended Structural Adjustments and Devaluations with " educated" FIAT that never bear their promised fruits as opined.

You know say me nor know book na de mumu sabi.

laiperi:
Clap for yourself.

So the Chinese went through 30 years of hell imposed by their leaders to become self sufficient and world power, eeh!

You went through how many years of slavery, how many years of colonial rule, how many years of Independece, how many years of military rule, how many years of Oddi, Zaki Biam, Beroni and Boko Haram massacre?

Las las you were one of the richest to attain the Poverty capital of the world.

These is what you got from comparing lack of freedom in China?

Buroda, think a bit nah.

JAHHHHHH:
Not only Nigeria... Africa needs to be recolonized.

Aconomist:
How is that any worse than Nigeria's current situation?

ostechno:

Lol, you don't Kno how money borrowed by these countries work
For your information, China owes about CN¥ 39 trillion which is equivalent to about US$ 5.48 trillion which is about 40 percent of their gdp

And the United States owes the highest amount of money, they owe about $23.4 trillion which has almost reached their total gdp, infact, USA owe China about $1.1 trillion USD.

It's not like these countries would be forced to pay their debt, is more like an investment, when you profit from the money you borrow, you'll be paying the person you borrowed the money from little by little.

The total Nation debt of Nigeria as of 2020 is about $80 billion USD, it's little, but the issue is can the investments in Nigeria pay back little by little.


USA owes the highest money, they

Igbochief001:

With what seeds ? Seeds that can't produce 1 ton per hectare when others are producing 12

Did government force people to go into fish farming or poultry or cassava ?

Smh

rossoki:


What ignorant rubbish.

Do you have to ride bicycles to work in Nigeria, because there no cars available to purchase?

Do you lack freedom of speech?

Do you lack freedom of association?

Is there a ban on politics?

Is there a ban on all imports meaning you must wear okrika?

Is there a ban on all food imports?

Are there millions of political prisoners, and people tortured and killed for dissenting with the government?

Mumu asking stupid questions. If they place you in communist China, you couldn't survive there for 2 days without crying for your mummy.

Aconomist:
You don't fully understand China. China isn't successful because of communism. Growth really started in the 90s after the economy was liberalized (to remove some state control) and then it started soaring in the early 2000 when China was added to the World Trade Organization.

rossoki:


The Chinese economy was liberalized in the 90s AFTER China had developed the indigenous capacity for mass production, developed large scale manufacturing capabilities which allowed her companies to compete favourably with new entrants in the form of foreign companies.

This economic independence was what communism helped her achieve in the years prior to liberalization. It forced them to build indigenous capacity such that when trade was liberalized in the 90s, their economy wasn't crowded out by foreign capital and interests.

Aconomist:
Sounds like we agree on something. Where would you say Africa went wrong during this same time period?

Simplyleo:
Keep asking stupid questions.

You were encouraged to start producing ordinary rice for yourself, yet it appeared as if Buhari has ended the world.

rossoki:


What period?

rossoki:


The Chinese economy was liberalized in the 90s AFTER China had developed the indigenous capacity for mass production, developed large scale manufacturing capabilities which allowed her companies to compete favourably with new entrants in the form of foreign companies.

This economic independence was what communism helped her achieve in the years prior to liberalization. It forced them to build indigenous capacity such that when trade was liberalized in the 90s, their economy wasn't crowded out by foreign capital and interests, or dependent on foreign capital to fund capital projects.

Aconomist:
1960 - 2020.

tplayer:


Liberalisation started in the 80s, or more accurately December 1979.

Help2020:
Who will China pay the money to?or who gave them the loan?

laiperi:
Clap for yourself.

So the Chinese went through 30 years of hell imposed by their leaders to become self sufficient and world power, eeh!

You went through how many years of slavery, how many years of colonial rule, how many years of Independece, how many years of military rule, how many years of Oddi, Zaki Biam, Beroni and Boko Haram massacre?

Las las you were one of the richest to attain the Poverty capital of the world.

These is what you got from comparing lack of freedom in China?

Buroda, think a bit nah.

clockwisereport:


China is not an Asian tiger

juman:
Good question.

We have bad leaders in africa.

Simplyleo:
Keep asking stupid questions.

You were encouraged to start producing ordinary rice for yourself, yet it appeared as if Buhari has ended the world.