SIRTee15's Posts
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olaric:I want to assume u guyz are suffering Stockholm syndrome.... Abacha pulled nigerian super eagles out of the African nations cup in 1996 because it was held in South africa.... So what happened next.... We couldn't defend our title, we were banned from the 1998 edition n that greatly affected our performance at the 1998 world cup since the team had been uncompetitive for a long time.... On the other hand, south Africa went ahead to win the 1996 edition in the absence of Nigeria.... Abacha gave 2 fingers to western nations when nigeria was sanctioned for his atrocious activities...... Yet he was busy looting nigerian money n saving in Swiss n uk banks.... Western oil companies completely dominated the nigerian oil industry selling oil wells to abacha cronies.... And to u guys, he's a great no nonsense leaders..... Do u know who suffered the sanctions heavily imposed on nigeria... The masses.....the middle class was wiped off n public institution crumbled....ask your elders what's called abacha stove.... I'm not surprised today's youths can praise abacha.... If the youths in Uganda believe idi amin is the best Ugandan President ever.... It's a reflection of the mental weakness of African youths n their inability to create the change they desire... |
China designed and executed a policy that shrank the industrialization process in a mere 25 years — something that many economies took at least a century to do. That redesign has brought immense dislocation in global commerce and industry, enabling China to become one of the world’s leading economies. China’s success has led many African capitals to pursue the country’s same industrialization trajectory. Over the last few years, African leaders have been pursuing policies designed to mimic the path China took. Some of these policies include creating special economic zones after China’s Shenzhen and positioning the manufacturing sector as a fulcrum to attract investments and create new jobs. Despite these efforts, Africa has yet to advance in its industrialization at the same speed China did. Put simply, the things that worked for China will not work for Africa. China had already won sizable global manufacturing, accounting for more than 32% of the world’s industrial production as of May 2019. It became the world’s manufacturing capital through a combination of factors, including optimal infrastructure and price-competitive local manufacturing talent. In doing so, China created a well-differentiated comparative advantage that made companies from the U.S. and Europe — and later, other parts of the world — outsource manufacturing activities to China. For more than three dozen years, a virtuous circle was created: The availability of demand from the U.S. and Europe provided China the opportunity to invest to meet its needs. And over time, China moved from basic manufacturing into advanced manufacturing domains, where state-of-the-art technologies are used to improve processes and many lower-skill processes are automated. Consequently, China has improved its capabilities in robotics and broad emerging technologies like virtual reality, augmented reality, and artificial intelligence. Today China is recognized as a leading AI player. It is in these technological advancements that China can continue to dominate while Africa may struggle. AI is expected to distort the equilibrium of the global labor market, eliminating many factory jobs. Most Western companies will use AI to do most of the manufacturing jobs that they are currently outsourcing to China. Indeed, AI will create a massive shift in how products and services of the 21st century are developed, manufactured, and distributed. If the manufacturing jobs by global entities like Dell, HP, and Siemens do not need to be outsourced, the expected opportunity Africa is banking on may not materialize. African leaders have expected that as China rises further, its wage levels will create disincentives for global manufacturers to continue sending work there. As that happens, they hope countries like Ethiopia, Rwanda, and Kenya can be seen as reliable alternatives that provide affordable labor with enough infrastructures for basic manufacturing. But with AI advancements decreasing outsourcing, the availability of cheap wage becomes irrelevant. China understands that, and is investing heavily to win the race of advanced manufacturing, tapping into the capabilities it acquired by making things for the world. If any outsourced manufacturing will remain, it is the advanced manufacturing. Based on available reports, Africa is not preparing for that level yet, as it continues to struggle with basic enablers like electricity, challenges that many countries solved many decades ago. Africa can find the paths to industrialization, but in ways that do not mimic China’s. Here are some of the paths for the continent; some are already in progress and need to be deepened: Encourage internal consumption and intra-trade. Africa should build processes to improve internal consumption, rather than focusing on using cheap labor as a comparative advantage for global manufacturing. If Africa expands internal consumption by trading more among member states, decoupling from old colonial trade routes, it can industrialize, as it has sizable markets to support the growth of companies. Today, the share of intra-African exports as a percentage of total African exports is about 17%, well below the 69% recorded for Europe and 59% for Asia. Improving intra-African commerce will advance the continent. Push forward the Free Trade Agreement. The African Continental Free Trade Agreement, which entered its operational phase on July 7, will remove some inherent barriers for intra-continental trade that have caused most African countries to favor trade with European countries and other global counterparts, rather than with African nations. The agreement has been designed to make goods produced in Africa move within the continent at negligible tariffs. The expectation is that manufacturers will be incentivized to invest in Africa in order to have access to the integrated market. If it works as planned, the trade agreement will be a catalyst to African industrialization. Create a single African currency. The planned currency got a boost when a regional economy, the Economic Community of West African States, announced plans to launch the ECO as a regional currency in 2020. The expectation is that once regional economies have monetary union convergence, a continental-level monetary union will be formed. A single currency will reduce barriers in trade by eliminating multiple exchanges, wherein currencies have to be converted to one of the leading global currencies, like the U.S. dollar, euro, or British pound sterling, before trading in Africa. This drastic reduction on trade frictions will boost industrialization. There are risks to these structural redesigns, however, which must be managed. A union arising out of the single currency will require a supranational bank to coordinate monetary policies, depriving member countries of individual flexibility on areas of monetary policies. The implication is that some bigger economies will have undue influence on the performance of the union. Without careful management, the smaller economies affected could experience welfare losses, making them worse off than before the integration. Improve infrastructure. In its 2019 African Economic Outlook, the African Development Bank wrote that “trade costs due to poorly functioning logistics markets may be a greater barrier to trade than tariffs and nontariff barriers.” Africa needs more deep seaports, railway lines, airports, and other critical enablers of modern commerce in order to advance. It remains more expensive for an operating factory in Accra, Ghana, to import coffee from Rwanda than from a Paris-based company, for instance. And most exports outside Africa are unprocessed raw materials that, because of supply chains and the disparate natures of the markets, have not stimulated local processing. Investment in infrastructures will close the gaps. Invest in education. Africa also needs to invest in education to compete and advance its citizens so that it can boost internal consumption. The continent must make primary and secondary education compulsory — and free — while boosting quality by committing more resources to education. Unless Africa can educate its citizens to compete with the best in the world, it will struggle to rise. As robotics and AI advance, most countries will keep their production processes at home, eliminating the need for cheaper labor abroad. In this redesign, Africa’s competitor is not China; robots and AI are the real competitors. Africa can no longer depend on global manufacturing to become industrialized, nor can it simply mimic China’s policies. But if Africa educates its citizens, integrates effectively on trade and currency, and improves intra-African trade, its industries can compete at least to serve its local markets. Where that happens, Africa can attain industrialization faster by scaling indigenous innovations and utilizing AI as enablers. https://hbr.org/2019/09/why-africas-industrialization-wont-look-like-chinas |
plaindealer:Oga softly.... Ifbtheres any credit I'll give ambode... It's the IT skill centres he established in Lagos.... That was a good one... I hope this new governor continue that project... It's the future n the more people we have acquiring software skills.... The better for Lagos.... |
Amudeneogu:Pls mention.... |
MetaPhysical:[code][/code] Ok fine... I agree with u.... Africans are fiercely territorial and can kill when it comes to issues of land or territory.... Even in Nigeria, people get murdered over a plot of land.... The culture clash in Lagos is a good example of host v foreigner land domination issues despite Yoruba's claim to tolerance.... So we don't expect otherwise in South africa.... Moreso, they accusing Nigerians of drug trafficking, prostituting their young girls, taking their jobs and stealing their women.... But the question remain.... Can't their govt protect the border, limit immigration, round up illegals and deport them. Get police to arrest these foreign criminals, get them jailed and later deported.... We all know crime thrive when there's lawlessness.... No criminal wants to end in jail, if he knows the reward of his illicit activity is jail time, he will think twice.... That's the solution to this problem and not burning people or looting shops.... Posts on south African social media space shows that these attacks has the populace support and appeal.... The govt should listen to the people and act accordingly.... This thing has been going on too long... Talks like we helped black SA during apartheid or we are all africans are inconsequential now..... Every country has every right to protect its borders.... Even uk is kicking fellow white Europeans away.... A.U and other African leaders should put pressure on the SA govt to come up with pragmatic solutions to end this xenophobic once and for all.... It's becoming embarrassing...... |
Iamgrey5:I can't remember any country caving in to abacha during his regime... Instead, nigeria was sanctioned, heavily sanctioned... And people suffered.... If u are of the indomie generation, ask people around u who grew up in the 90s..... They will tell u what they went through... The hardship destroyed the soul of Nigerians and forever made Nigerians develop a defeated mentality to issues of life.... And u indomie generation want a repeat... Whether u like it or not... It's the white man's world.... They designed and own the global economy we currently operate.... So, they can pin u down as they so wish.... U really have to be strong, very strong to resist them... A quality our leaders never had and don't desire to have.... Even almighty China is beginning to feel the bully coming from America... Why do u think they can they look helpless on the face of Hong Kong protest.... because they know one single mistake and hong kong becomes an albatross on their neck.... If our leaders acts recklessly... It's Nigerians that will suffer again.... Just like Bubu attempted at the beginning of his first tenure |
Iamgrey5:This one has gone to Google wikipedia without understanding concept of application...... I'm talking about indigenous nationalisation policy like in 70s when foreign companies were made to sell shares to Nigerians so they can become major shareholders.... We already did that, Nigerians has huge stakes in these foreign companies operating here.... Seizing or taking over private assets without adequate compensation or agreement is illegal whether foreign ownership or not.... And if its a foreign asset, the govt will be sanctioned... Such reckless behaviour is what brought about this PI&'D debacle in the first place..... Let nigerian govt do more harm by seizing British assets and see how far.... Bunch of thieves... And it's not like they will manage it better if they take over..... |
komodapson:50000 pounds earners is not a rarity in uk... That's the starting salary of doctors in NHS and there are over 200 thousand of them.... Most IT guys earn that amount within 1-3 years of working and there over a million IT work force in the uk..... Guys in the professional finance sector earn beyond that either as starters or as bonuses- over 2 million workforce.... Professionals in real estate earn such with commissions inclusive... Skilled artisans hit that easily within a year.... Most of the above will hit 60 thousand pound at one point in their careers as they progress..... So what's the big deal about this 60 thousand margin.... I know doctors that got 60 thousand pound offer right from naija as a middle grade doctor in NHS, not even consultant.... If u guyz are talking about tax, then I'll listen.... But uk like other European countries is a socialist economy.... So income tax will always be high... |
salford1:I noticed.... There's a woman from uk now living in gambia talking thrash on you tube... Saying uk is a shit hole n poverty stricken... Encouraging diasporans to come back home, that she's living like a queen in gambia.... That Gambia is heaven..bla...bla... I'm sure she has her British passport kept safe somewhere in case of emergency... And she forgot to tell us she's surrounded by poverty in gambia with people living on less than 1 dollar a day.... Of course, she's making her money in pounds (or collecting benefits in pounds) n spending in a depreciated currency.... Who wouldn't enjoy in such scenarios.... Try making money in naira and spend in pounds... Then u go know how far.... |
Iamgrey5:Nationalisation policy is about forcing a foreign company to sell shares to local citizens so that they can become major shareholders in the company.... Nigeria already did that with shell nigeria and other multinationals operating in nigeria.... Nothing to nationalize again.... Forcibly taking over operations of a foreign company in your territory is robbery and the consequence is international sanction n seizure of the country's foreign assets.... Ask Cuba.... |
Is it modelling age we go call this one now ..... Or wetin... |
Wickedfacts:U guys are funny sha.... The heavy sanction imposed on nigeria during abacha atrocious regime led to total wipe out of the middle class..... Nigeria economy crumbled, industries collapsed and people really suffered.... Now u daring them to sanction again.... Comparing yourself to Iran..... Iran has been under western sanction since time immemorial..... Their oil and financial industry have been under western embargo for decades now, yet the industries are waxing strong.... Iran produce 60% of their industrial equipment including turbines, pumps, oil tankers and refineries..... They produce drones and counter-drones.... Iran has what it takes to resist western bullies and survive sanction because it's leaders think Iran first..... Unlike your useless n hopeless leaders..... Ordinary America refusing to buy your oil, the whole nation was weeping..... And Nigerians that can't do without the dollar...anytime there's dollar scarcity, Nigerians develop intractable seizures...... Try behave foolish n incur western wrath.... Thank God crazy guys like trump n Boris are the ones in charge now..... Indomie kids that don't know how to suffer wants to challenge western authority.... |
Nbote:Energy must come from somewhere.... What those guys did was turn a generator into an inverter which already exist.... Look here, don't let emotional nationalism becloud your sense of judgement... Western people also had their own generous dose of academic n scientific fraudsters who were exposed n shamed, some even went to jail.... |
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adonainana:Everywhere.... Tell me the name of your GP... Sounds indian or Pakistan.. Visit boots pharmacy and ask to see the pharmacist.... Looks Asian right... Google, Microsoft, Amazon, huawei are all packed with indians.... |
adonainana:Exactly what I suspected.... Pls go and read about h1b visa.... This is a visa that brings in over 150 thousand professional immigrants into the usa every year.... Taking up jobs with salary up to 100 thousand dollars.... Tier 2 visa in the UK brings in professionals to work in NHS, IT and high end manufacturing.... Most jobs in that category are over 50 thousand pounds...... Most European countries also have respective high skilled visa for skilled professionals.... I'm really surprised how ignorant u are about these things because I know a lot of naija IT guys who left for Germany using the highly skilled route.... I know like 10 to 15 naija IT guys who were initially in uk but later left for Germany.... Guy leave story.... Knowledge is power.... Without knowledge, u can't go far... Also mixing with the right group n friends is a plus.... They help u change the way u think.... |
adonainana:My young cousin working as HCA just came back from Portugal on a weekend holiday... I'm currently responsible for my wife's masters tuition fee in university... She will be going to law school next year in uk.... We aunt's will be attending a private secondary school next session...school fees is 18000 pounds per year.... My family friend has 2 of his kids in the same school... Another of my cousin is planning sending his 2nd kid to grammar school....check the school fees of grammar school in uk.... And these are normal middle class Nigerians in uk doing stuffs.... Roll with the right guys n your narrative will change.... |
ahiboilandgas:Is that the entry level for graduate trainee/fresh starters... Thats my question... |
wirinet:Dollar millionaires... |
ahiboilandgas:Ok u've reduced it to 5.4m So is that the entry salary.... I mean the band 7 or band 4 |
ahiboilandgas:Ok I've reduced it to 5.4m So is that the entry salary.... I mean the band 7 or band 4 |
adonainana:And yes u can travel overseas n get good paying job... IT n healthcare professions are paying good money to fresh immigrant professionals.... And recently, these jobs are in hot demand both in Europe and America.... Guys are picking 100 thousand dollars job in silicon valley straight from abroad.... As I said, u properly lived among working class while in uk...thus your myopic view of the UK system... And abroad in general.... |
adonainana:There are only 15 thousand millionaires in nigeria.... Don't give us some imaginary statistics.... And I'm sure 90 percent are politician n their cronies anyway.... |
ahiboilandgas:Please come again... Starting salary in British council is 13 million.... Same British council or another one.... |
adonainana:The argument should be between nigerian immigrants working class in uk v nigerian middle class in nigeria.... Thats a fair balance.... As I said earlier, Tesco cashiers go on holiday overseas almost every year.... A very rare occurrence for naija middle class..... |
timesup234:I'm 100 percent sure u not making sales of 10000 daily in any business, if at all u have a business.... It's either u paid by seun to counter abroad thread so as to increase internet traffic for nairaland or u just a troll.... The rate u reply to post simply shows u jobless... There's no other way to explain your aberrant social behaviour.... |
adonainana:Maybe I joined your argument in the middle... But a lot of things u saying don't add up..... Every country has the wealthy upper class....[sup] Even Djibouti and Somalia has got it's wealthy who definitely are far richer than developed countries middle class.... Property in banana island is over 5 million dollars.... No middle class anywhere in can afford that..... Even with mortgage.... What we should be talking about is the strength of the middle class.... Someone earning 1.5 million naira per month in naira is not middle class.... Thats less than 1% of the workforce.... 1.5 million naira after tax is good money anywhere in the world.... That's 4000 dollars..... If middle class earn that in naija, that country will be flooded with immigrants looking for jobs.... Nobody is a novice here, we know what obtains in naija.... All your talk about enugu, aba, owerri is just playing to the gallery.... Nigerian hinterland states are the definition of absolute poverty.... I attended a wedding in owerri 2 years ago.... What i saw made me conclude Nigeria is in big trouble.... I really wonder how political elites sleep at night in that country.... Nigeria is a man made disaster waiting to happen... The saving grace right now is the travelling overseas escape route n remittance from abroad... Then maybe this yahoo yahoo business.... If those avenues are closed for whatever reason.... That country will explode.... Thats the truth.... |
adonainana:Maybe I joined your argument in the middle... But a lot of things u saying don't add up..... Every country has the wealthy upper class.... Even Djibouti and Somalia has got it's wealthy who definitely are far richer than developed countries middle class.... Property in banana island is over 5 million dollars.... No middle class anywhere in can afford that..... Even with mortgage.... What we should be talking about is the strength of the middle class.... Someone earning 1.5 million naira per month in naira is not middle class.... Thats less than 1% of the workforce.... 1.5 million naira after tax is good money anywhere in the world.... That's 4000 dollars..... If middle class earn that in naija, that country will be flooded with immigrants looking for jobs.... Nobody is a novice here, we know what obtains in naija.... All your talk about enugu, aba, owerri is just playing to the gallery.... Nigerian hinterland states are the definition of absolute poverty.... I attended a wedding in owerri 2 years ago.... What i saw made me conclude Nigeria is in big trouble.... I really wonder how political elites sleep at night in that country.... Nigeria is a man made disaster waiting to happen... The saving grace right now is the travelling overseas escape route n remittance from abroad... Then maybe this yahoo yahoo business.... If those avenues are closed for whatever reason.... That country will explode.... Thats the truth.... |
wirinet:U know London is only town in uk... Isn't it... How did u even quote it... I thought I deleted it... I'll appreciate if people stop making reference to that post... U can believe whatever u want... Thanks... |
CanadaOrBust:Any westerner praising naija are the likes of P&ID fraudsters who are here to collude with our corrupt politicians to steal us blind.... The humidity alone is a huge turn off..... Most westerners who visit Lagos are always disappointed....the infrastructure is an issue.... Me I like uk.... I don't know what people complain about..... I like that the small towns are developed and u can get virtually anything u want from within your area.... I like the multiculturalism...even though I'm beginning to have second thought about that.... And uk is cheap, at least compared to other developed countries....well let's hope brexit doesn't make a mess of things..... I love the education system and the opportunity it offers... And the fact that home is just 6 hours away.... I'll be glad to make it my 2nd home...if wife agrees... She's presently discouraging me to buy a house.... She wants us to move to Canada...a place I don't really fancy.... Well that's me....other opinion may differ.... That doesn't mean I'm not concerned about some issues.... I feel the British are becoming laid back...they are not productive as b4 and amazingly not bothered.... British are very intelligent n resourceful... They can rule the world again, if they set their mind on it.... But they simply not interested.... Rather, they focusing their energy on the wrong things, picking wrong fights, choosing wrong friends and beginning to think short term.... Immigration is also a big issue... The cultural enrichment never really happened... And what we have now is clash of cultures... Only God can safe Britain... All in all.... To each it's own... Peace.... |
HBB1:My guy who earn 800 thousand naira per month was complaining bitterly about his daughter's school fees to nursery school... 250 thousand per term.... He lives in surulere area... I told him to send her to public nursery school if him no wan pay big man money... Abi wetin u wan make I talk.... That guy will soon come and tell me he can afford to shop in Harold, fly first class and even buy a new car... |
adonainana:I'm talking about an Indian immigrant like u who came to uk with just a nylon bag, buying up a whole street.... Am not talking of an Indian millionaire investor ... Virtually all the houses on the street where my church in London is located is owned by an Indian dentist and his wife.... They entered this country with nothing.... Seriously, I think it's high time we blacks really challenge ourself.... We complain too much..... UK is not good, USA is not good, south Africa hate us, naija is hell fire.... We make feeble attempt to change our narratives and give up easily.... We always looking for already ploughed n developed vineyard.... Indian immigrants are the highest earners among all ethnic groups in the UK.... They now have their own upper class neighbourhood.... Their kids dominate grammar schools (like naija unity schools) n private schools.... They've taken over the pharmaceutical sector.... These people came like us - immigrants... Yet naija people will keep saying uk is bad, uk is bad.... Let's learn from these people and change the way we think.... It will help us.... There's no perfect country anywhere, it's what u make of it.... Thats why naija is a shithole.... |
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