₦airaland Forum

Racoon:
Simply because of free oil money they abandon former well thriving economic ventures.Now oil have no value but they refused to diversify the economy instead continue searching for the same oil in BH enclaves.SMH!

azmanaty02:
Industries abi groundnut

THE industrial edge of the North is long gone! It’s like an earthquake struck and wiped away all the blossoming industries that used to dot the length and breadth of the region and produced enormous wealth for the natives.

From footwears industries to fabrics manufacturing and essential goods-producing entities, the North is now bereft of going industrial concerns, leaving many in wanton poverty, prolonged joblessness and underemployment in a region that once boasted of all the robust and high-paying jobs anywhere one turned. The North took its pre-eminent industrial position apparently because the Premier of defunct Northern Nigeria, Sir Ahmadu Bello, ensured that Kaduna, its capital then, was patterned like a mini Manchester, an industrial hub in England. His ambitious industrial plan for the North worked out well because before his death, Northern Nigeria was not only the envy of the other regions in Nigeria in terms of agro-allied industries but was also a source of attraction and model of development to some independent countries within the British Commonwealth of nations.For instance, Malaysia, Saudi Arabia and many African countries benefited from the North during their early post-independence years before some of them pushed on to economic growth and prosperity.

Sardauna’s Kaduna, for example, according to history, had textile mills that were second to the Northern Nigeria Civil Service in providing employment to the citizens. Agriculture was so robust that very few Northerners found migration to the major towns and cities for the proverbial white-collar job, attractive. As it were, every province in the region was encouraged and empowered to fully utilise the benefits of its comparative advantage in production. For that reason, Northern farmers were prosperous because they were allowed to enjoy the price their agricultural products deserved in the markets. Consequently, multi-national corporations were in all major cities in the North and their wholesale and retail outlets such as Leventis, Kingsway, UAC, Bhojsons, Chelarams, UTC, Peugeot, Mandilas, Steyr, Tate & Lyle, Yamaco, NASCO, etc., flourished immensely.

What went wrong? Economists and immediate past Emir of Kano, Malam Sanusi Lamido Sanusi, believes that unfavourable competition arising from the World Trade Organisation Treaty was responsible for the collapse of industries in Nigeria. Sanusi contends that: “No country in the world can survive industrially with such an unfavourable competition and I have been having this argument with the World Bank and IMF in New York and we cannot accept such unfavourable competition”.

Although that was in a lecture he delivered some time ago at a dinner in Kaduna, Sanusi has also suggested that concrete steps must be taken to protect local industries from such hostile competitions from foreign products if the dream of reviving local industries and creating employment opportunities were to be realised. He premised his argument on the fact that the British had previously protected their markets with gunboats. “Today, everybody, including the World Bank and IMF, is using Malaysia as a model, but their leader was vilified when he refused to accept such conditions in those days. No economy has ever developed through dependence on primary products. There is no way primary and manufactured products can compete on equal terms under the existing terms. Nigeria must learn to pay more attention to agriculture as a way of developing the economy because, while agriculture contributes about 46 per cent of the country’s GDP, it attracts only one per cent of bank lending.

“The nation’s industries, particularly the agricultural sector cannot attain the desired growth until genuine efforts are made to go beyond primary production and subsistence levels and there must be urgent actions on value chain production strategy whereby considerable income and employment are generated at every stage which will result in sustainable growth,” he said.

As at now, agriculture in the North is under threat. From Borno, Yobe, Bauchi, Adamawa and other adjoining states are known for their contributions to animal production that supplied meat, milk, hides and skin for many leather and shoe factories across the globe, the story is no longer the same. The incessant criminal activities by rustlers and conflicts worsened by terrorist attacks have made farming and animal husbandry unattractive. Within the central region and in the Northwest cities of Kano, Kaduna, Zaria, Gusau, etc, textile mills are now a sorry sight. They are as silent as a graveyard. According to a Kaduna based titleholder who grew up in the Kakuri industrial area in Kaduna, Alhaji Sabiu Danmaliki Sabon Garin Kakuri, the first textile industry in Northern Nigeria was established by the then Premier of the region, Sir Ahmadu Bello, Sardauna Sokoto in 1957.

The World Business Angels Investment Forum (WBAF), an affiliated partner of the G20 Global Partnership for Financial Inclusion (GPFI), has appointed Dr. Freeman Osonuga, Chief Executive Officer of Adloyalty Business Network (AdloyaltyBN) as Senator representing Nigeria.

Statement by Dr. Osonuga’s publicist said “As an affiliated partner of the GPFI, the WBAF is committed to collaborating globally to empower the economic development of the world by fostering innovative financial instruments for startups, scale ups, innovators, entrepreneurs and SMEs and to promoting gender equality and women’s participation in all sectors of the world economy.

“As announced by Baybars Altuntas, the chairman of the World Business Angels Investment Forum, Dr. Freeman will represent Nigeria at the Grand Assembly of the World Business Angels Investment Forum. The Inclusion of Nigeria in WBAF provides a wide range of opportunities for Nigerian startups, scale ups, and high growth businesses, and opens doors for economic development.”

In response to Dr. Freeman’s appointment as Senator, Baybars Altuntas said; “Dr. Freeman who currently leads over 20,000 real estate consultants in Nigeria has made significant contributions to driving financial inclusion across the country and has helped secure market-based funding for several real estate developers and firms and we believe beyond all reasonable doubt that he would function perfectly in this position.”

Baybars Altuntas, further stated; “As an affiliated partner of the G20 Global Partnerships for Financial Inclusion (GPFI), the WBAF supports startups, develops entrepreneurial ecosystems, and helps venture capital and companies connect with international companies, FinTechs, and other relevant institutions. We are confident about our choice of contribution to the economic development of the country by facilitating connections with entrepreneurial ecosystems. We strongly believe that Nigeria will soon become a country that can foster the development of its economy in a more entrepreneurial atmosphere.’’

Dr. Freeman, humbled by this appointment, reassured WBAF of his continuous commitments to connect more with the global investor’s markets which will open up splendid opportunities for the country.

He stated; “I appreciate The World Business Angels Investment Forum (WBAF) for this opportunity, now local Nigerian angel investors, incubation centers, accelerators, private equity funds, co-investment funds, technology parks, corporate ventures, and aspiring entrepreneurs will have more opportunity to connect with global leaders in the same field.”

I am more than happy to collaborate with the High Commissioner for Nigeria, Hauwa Yabani, and fellow senators to drive financial inclusion in Nigeria and across the world. Dr. Freeman Said.

LaboPolitics:
A partisan election happened, it was meant to produce 2 winners and a loser. The two winners would decided among them who would be president and prime minister as they form government.
Balewa and Zik got the highest 'electoral' votes and formed government. Zik as president, Balewa as Prime minister

I'm done school your cantankerous coconut head. Those who are here to learn have learnt and will pass their current affairs and social studies exam when the question comes up.

If they tick MKO as a former elected president during WAEC exam, they will fail. Won ma gba Odo! Your sentiments no fit change that one.

LaboPolitics:
[s]
Zik's party (NCNC), Tafawa Balewa (NPC), Awo (AG) all went through the elections, NPC won most parliament seats, NCNC (Zik) came second and Awo lost. NCNC (Zik) and NPC (NPC)- the two winners came together to form government (President and Prime minister) after winning most seats. Awo went home to lick his wounds. The rest is history.

So yes, an election happened and Zik was one the winners and became your president. His plaque is still hanging in Buhari's office as a FORMER PRESIDENT. Die if you will.
You are not talking with your fellow ragamuffins and lowly I.Qed riff-raffs herein. [/s]

LaboPolitics:
Zik...

LaboPolitics:
Mention the other yorubaman that was succesfully ELECTED and sat in Aso rock to preside over the affair of Nigerians apart from OBJ. Keywords here- elected, presided.


Olodo rabata! Na to chop fish head na him you sabi.

LaboPolitics:
Only one yorubaman been SUCCESSFULLY elected as President. That was OBJ.
History also has it that he was elected by other regions WITHOUT yoruba useless votes. Hit your history books my friend.

South Africa’s supermarket group, Shoprite Holdings, has announced plans to sell or close its remaining two stores in Kenya by the end of December.

The supermarket group said it will be leaving the East African country two years after it began operations in the country.

On Tuesday, the company said its Kenyan business had underperformed.

“Kenya has continued to underperform relative to our return requirements,” the company said after posting a 16.6 per cent rise in annual group earnings. The South African firm has renegotiated 48 rental agreements by either reducing rent payments or converting them to local currency, Chief Executive, Pieter Engelbrecht, said.

The group has also restricted capital allocations to its supermarkets outside South Africa, as part of an ongoing review of its operations in Africa.

Shoprite, while declaring final dividend of 227 cents per share, said it had traded ahead of expectations since the beginning of July.

The company said the decision to exit Kenya was influenced by the ripple effects of the COVID-19 pandemic on its operations and earnings.

TheVultureGrill:
Brown roofians!

LaboPolitics:
Same thing applies when we tell ewedugerians like you that yoruba will never smell Aso till Igbos take their turn in the zonal arrangement.

You have lost 87% of every presidential election you've voted in since 1959 till date and you yorubas have never been united at the polls, always splitting your votes and dribbling yourselves with 'we don't put all our eggs in one basket' self-deceit, when we all that yoruba problem is lack of unity. While yoruba muslims are singing soprano, yoru-christians are throwing shekere.

Tinubu's greatest adversaries are yorubas who are gathering to share his meat like they did to MKO and Awolowo.

proeast:
You can continue going in circles, but I will only take you serious when you show me video or pictures of their production facility.

Nord can only decieve gullible ones like you.

proeast:
You can be gullible for all I care, that's your business.
It is common sense to know that these guys won't be showing us an empty warehouse with pallets and five guys sitting on CKD parts as well as a container with parts if they truly have something tangible on ground.

proeast:
I'm sorry, but there is nothing impressive here.
Mercedes never had a plant in Nigeria. How does working in a Mercedes showroom give him the requisite expertise to run a car manufacturing firm?

I was even thinking you meant he actually worked in Mercedes car production facility somewhere.

Lolz, funny people

proeast:
All na wash.
If these guys have an already existing plant in equipment in place, would they be showing us an empty warehouse with pallets and five guys sitting on CKD parts?

proeast:
I agree with you it would end in premium tears for Nord, considering they're in this as a front to import CKD and market. However, as for Innoson, I see the company going places even in the near future.

1. They're already grounded with factories in place and also operates in a city that has clusters of auto parts manufacturing companies.

2. Innoson is not only getting massive patronage by Eastern states governments as well as some others in Nigeria, but foriegn countries are already placing orders while lots of reputable brands like Shell are ordering too. Likewise, it may interest you to know that Innoson vehicles are already a common sight in the East, particularly here in Owerri.

3. Innoson is already expanding and because they're struggling to meet demand and they now have an academy that will ensure that their technological advancement is localized.

4. Innoson are already operating in highly technical and specialized fields like aircraft repairs and the likes, which means their expertise is top notch.

proeast:
[s]A company that Nigerian military is now relying on is a scam?

A company that put Nigeria on the global map of car manufacturing countries is a scam?

A company that is exporting locally manufactured cars while earning forex for Nigeria is a scam?

But look at a supposed educated person like you giving me a Wikipedia link, A WIKIPEDIA PAGE ANYONE CAN MANIPULATE??

Getaway from my mention with your useless Wikipedia link!!
[/s]

proeast:
So, it is at the Lekki showroom that this ones were coupled?

A company that is yet to open fully, or even establish its first plant is now already talking about expansion?

Dude this guys are just into full time importation, let's not decieve ourselves.

ProfAmaben:
Completely unnecessary to repost the pictures. Abi na una dey buy MB for people?

Go to Nnewi and see for yourself and stop being a nuisance on NL. Most of you insulting innoson are still eating mama thank you.

Iegendhero:
1.
Innoson IVM Granite

https://www.innosonvehicles.com/wp-content/uploads/2018/06/MG_7019-1000x667.jpg

Chinese ZX Auto Max Terralord

https://www.chinapev.com/wp-content/uploads/2019/06/2019-Zhongxing-Terralord-2.jpg

2.
Innoson IVM G80

https://file.naijauto.com/2019/08/21/jxIDw0uA/frontview-of-baic-bj80-vs-innoson-ivm-g80-3e0a.jpg

Chinese BAIC BJ80

https://file.naijauto.com/2019/08/21/jxIDw0uA/frontview-of-baic-bj80-vs-innoson-ivm-g80-3e0a.jpg

Interior of Innoson IVM G80:

https://file.naijauto.com/2019/08/21/jxIDw0uA/front-fascia-of-baic-bj80-vs-innoson-ivm-g80-c62e.jpg

Interior of Chinese BAIC BJ80

https://file.naijauto.com/2019/08/21/jxIDw0uA/front-fascia-of-baic-bj80-vs-innoson-ivm-g80-c62e.jpg

Iegendhero:
Innoson rebagge ALL his cars. Every car Inooson sells is a rebagged chinese car.

Below is a Chinese forum where they always discuss about Chinese rebagged Nigerian cars.

https://www.chinacarforums.com/forum/archive/index.php/t-19440.html

https://www.chinacarforums.com/forum/showthread.php?t=19440

www.nairaland.com/attachments/12170846_a4_png11a9c6a3355cda7e5ad61323551a6189

www.nairaland.com/attachments/12170819_a1_png22181209a0562a4129b2dd2dce49e5e3

www.nairaland.com/attachments/12170825_a2_png93dd1e06e1769cae48862d2069f3e19b

www.nairaland.com/attachments/12170832_a3_pngc2c87510e14c17629134ae4ea811df05

www.nairaland.com/attachments/12171007_a1_png22181209a0562a4129b2dd2dce49e5e3

www.nairaland.com/attachments/12171019_a2_png93dd1e06e1769cae48862d2069f3e19b

ludoliu:
thanks a lot for sharing these videos we made. I am deeply touched by the amount of likes
i wish one day these videos could be on the nairaland main forum, on the top, to allow every Nigerian to see how beautiful our city is.

crackhaus:
Bro it's not just about aerial photos and videos, they will usually look good.
This is about the nakëd eye and also about perception, these are not strange areas to me.

If it's neatness that wants to be hyped, then I will gladly hype. But neatness is not a yardstick for development, we can not kid ourselves.

Even the white elephant project that is called Eko Atlantic is just what it is, a white elephant project.

These things only serve as make-up to cover the rot that is in Nigerian society in terms of overall development.