₦airaland Forum

dalass:
There are many farming but herders, kidnappers, terrorists have made life for farmers tough.....

Feeder roads to farms in the rainy season is not helping matters as many are simply terrible for transportation of farm produce. I pity poultry farmers, they can barely feed themselves not to speak of their birds...

Buhari should take decisive steps and plan for the future instead of the usual shock and other expressions he displays... This is the time for action Mr President

simplesearch:
The border closure has achieved no purpose as it were, I was against the closure ab initio. The multiplier effect will be such that since we are unable to attain self sufficiency in food production we'll be at the mercy of the forces of supply. Let the border be open but with stringent regulatory measure that will only allow importation of items for which we are comparatively at disadvantage. Let the govt not fear a backlash, since only God is omniscient. They can start with a commodity at a time.

Senatoraku:
they (Nigeria Government) always knows the right thing to do to better the life of the Citizens but they will rather die than do it. Evil people

oyeb15:
there will be no election in 2023.
An unexpected regime change will take over in 2022.

Rossinky:
Thanks bro.

Very impressed by contributions to the thread. Some highly insightful analyses all round. Well done guys.

Goke7:
tales by moonlight you try sha

Tianamen1:
Rossinky,

I totally agree with you with regards to Nigeria being poorer than it is perceived to be. However, INDUSTRIALIZATION rather than Economic Diversification is our main issue. The difference between the two may seem little but the prescribed solutions for each differ significantly.

The oil and gas industry represents less than 10 percent of Nigeria's GDP. what is not diversified is government's revenues as Nigeria has one of the lowest Tax to GDP ratios on Earth.

Nigeria also has the paradox of having the richest black people on earth at the same time having the highest number of people living in extreme poverty on Earth.

SLS once made a comment that 90 percent of the funds in banks are owned by only 10 percent of Nigerian citizens.

INCREASING THE GOVERNMENT'S REVENUE

When we hear the word taxation, we all think about taxing businesses and we know that this is counter productive.

Other resource rich nations such as Norway, UAE, and states in The US such as Alaska and Texas, have low business taxes and little to no income taxes.
Income generation is mainly from property taxes, vehicle taxes, estate taxes and sales taxes. This is necessary because resource rich societies usually have high levels of inequality. Our leaders/looters would never agree to this as the burden of taxes would fall squarely on them, the 10 percent that control the 90 percent of bank deposits.

THE PATH TO INDUSTRIALIZATION.

You rightly noted that our infrastructural deficit is not responsible for our poverty. You also rightly noted that foreigners are excelling in businesses in Nigeria. You gave an excellent example of a Nigerian, Innoson, who is making all of us proud with his accomplishments.

- The Secret Sauce

1. Quality basic education: a child of a carpenter who attends a good school with children of bankers and lawyers is more likely to start an IKEA or a Home Depot than an accountants child. In The US, immigrants contribute vastly to increased productivity, not because they are necessarily smarter or naturally harder working, but for the fact that they have so little and their mates have so much more so they hustle harder.

Most countries realize that quality basic public education accomplishes two important goals towards industrialization
- increased competition
- reduced birth rate.

2. Quality health care.

Health is wealth so a healthy nation is a wealthy one as people will waste fewer resources on their personal health so they will have more time to focus on productive ventures.


These two factors of Industrialization are also the core components that make up the Human Development Index. Our leaders know these things but are not interested.

Sorry for any typos.


Don’t forget security bros. Without security, no investor will feel like coming to invest or sell products