₦airaland Forum

forgiveness:
Dey cry dere.

,

lol,

grandstar:
I laugh in Pakistani. Even oil rich Saudi Arabia has ended fuel subsidies.

lol, subsides sometimes are not working.

forgiveness:
Nigeria also is controlling West Africa economy and has even moved to East Africa currently.

In what way can South Africa help Nigeria? Tell me.

hahaha, how can you say Nigeria control west Africa, you are funny.
In each and every sector Nigerian market is dominated by South African companies.
how do you control Ghana, does Ghana people use Naira. their currency is even better than yours.
Accra is better than Lagos.
Nigeria has no multinational corporates.
Be serious, nigeria is no where near controlling other countries, it must start by learning to control Nigeria first.
Also in all west african countries south african companies are dominating.
East Africa is already under south african rule.

forgiveness:
Zenith Bank, First Bank, FCMB, Union Bank, Main one, Septraco, Dangote etc are operating in South Africa.

Only dangote cement is there in South Africa, those banks that you are talking about are not there in South Africa.

grandstar:
Interesting. I suspect it's because they wanted to make sure that the long marginalized majority had electricity. It did work but with hiccups now

There was a time South Africa suffered from blackouts. Rumour has it that South Africa still does. I suspect the government lacks the cash to invest in it.

It is best it's privatised rather than government pouring in more money especially now that it has competitive needs. I'm sure this will raise efficiency and ensure 24hour supply.

Big problem is that the biggest buyers of ESKOM stock will be white South Africans and this is taboo to the black majority

they will never privatize it. Eskom was unable to buy coal and diesel, that's what caused load shedding. money problems are caused by ruling party because when they campaign they promised people free electricity, and now some people are refusing to pay for electricity.

[quote author=grandstar post=77252884][/quote]before 1994 there was different companies that provide electricity to people such as lebowa electricity in limpopo, eskom came in and started to be sole provider of electricity. eskom is a good example.

Nigerian economy is controlled by European, american and Asian companies, south africa is not happy with this. south africa want to use free trade deal so that it can control nigerian economy like it does in other African countries. Nigerian must sign free deal so that our brotherly country south africa can control our econony than our economy been controlled by countriesthat are not african.

grandstar:
The search for an excuse is always successful.

Just start! The constraints would force the government to act.

Many countries in the EU have huge handicaps that can just be as bad as the poor power supply that plagues the country.

In Germany for instance, power is very expensive. In France, the rigid labour market is a serious headache, making employing workers quite expensive and sacking them difficult.

Despite these challenges, Germany is not only the industrial giant in Europe and it's biggest economy but also it's largest exporter. Exports make up 50% of it's economy.

Why I chose the EU is that it is the largest single market in the world. Products from France or Germany will go to other member states duty free and the reverse as well

The funny thing is that the biggest challenge Nigerian companies face isn't poor power supply but very costly credit. Borrowing cost of 20% or more is a massive disincentive to investment.

Industrial parks with 24 hour electricity can be built. It isn't far-fetched. They are planning to make the Lagos Free Trade Zone have 24hour power.with similar arrangements.

good information

IronGalaxy:
aren't you Nigerian?

am hard core Nigerians.

Am just disappointed by Nigerians because they fight each other like cattles in the kraal e.g bokoharam. in south africa there is no such fights.

forgiveness:
Why worry about us? We give them our blessings.

SA wanted to help Nigeria.

Mind you south africa is already controlling the economy of southern african countries which has the population of more than nigeria.

forgiveness:
There are Nigerian banks and oil companies in South Africa and Southern African countries. You can take that to the bank.

Even in East Africa.

Which nigerian banks is in South Africa?. oil is not controlled by Nigeria, is controlled by opec countries. Nigerians do not have a say in oil sector. why do you think dstv, mtn and shoprite are nigerians companies?

forgiveness:
Let other African countries proceed with the free trade agreement. They can do it without Nigeria.

surely they can do it, and Nigeria will not feel a pain, hence it is not exporting anything to other african countries.

forgiveness:
It seems you are ignorant. There are many Nigerian companies in all over Africa, Europe and Asia.

Even in your country. South Africa can never be a big brother to a bigger brother Nigeria.

other people are too ignorant, why are you listing south african companies on your list. 5 of those companies you listed are south african. do not lie, only dangote cement is there in south africa, is the only nigerian company in southern african countries.

forgiveness:
State does not have power to sell energy. I don't know how you missed that.


Most companies are relocating to Ghana or opening in Ghana because of epilepsy power supply here and constant power supply there.

Those Chinese companies set up here because their target is the NIGERIAN market hence can't operate outside Nigeria due to trade restrictions. Think

Once the free trade agreement is signed, it's very easy for them to close their business here and open outside NIGERIA if power supply is not resolved.

The point is, power supply should be resolved first before we start talking about free trade agreement.

As long as NIgerians still thinks that they are inferior to Chinese, Nigeria is not going anywhere. why are Nigerians afraid of Chinese like that. if china opens company in Ghana is fine, Chinese company will pay tariffs in Ghana and those tariffs they will cause chinese company products to be expensive compared to products from other African companies.

grandstar:
So to nationalise the mines and the banks are good policies? Nationalisation makes countries poorer a d discourages much needed foreign investments.

South Africa needs a flexible labour. Only 5,000,000 South Africans pay tax,out of like 50m people

poor south Africans believe that foreign investments is not benefiting them, especially in the mining sector. Mines could be nationalized like energy nationalized through eskom.

Intellectual201:
Zhike I don't get you.

what I was just trying to say is that skill by itself it won't work, you need a good platform of where to use your skill. e.g Nigeria has many skilled IT people, but because there is no good platform they moved to South Africa.
But if the platform could be created, most of the people will learn the skill and work at nigeria.

wirinet:
The understatement of the millenia. Skill is everything.
Skill aka manpower is the most important and I say most expensive of the factors for production, industrialization and development. Countries like Japan and Switzerland has only manpower as their most important resource. In many climes, it is a crime not to send your child to school.

The reason Africa is poor is not because it lacks natural resources, but because it lacks skilled manpower. The earlier we take education serious and invest massively in skills and education, the earlier we get out of poverty.

what I was just trying to say is that skill by itself it won't work, you need a good platform of where to use your skill. e.g Nigeria has many skilled IT people, but because there is no good platform they moved to South Africa.
But if the platform could be created, most of the people will learn the skill and work at nigeria.

reality1010:
Lol,u asked a very good question.Why did US pull out of PTT&UK out of EU.The basic truth is that countries take decisions base on interest.US did enclosure for yrs to enable her develop internally.After it had massively built her industries and producing more than internal consumption,they started preaching free trade and liaize fair to flood other countries with their guds,even changing govts in countries for their selfish aims.Aftr enjoyn these benefits,US has reached a point where the curve is heading downward.High labour cost,labor law,high interest rate,employees right etc,Investors left US for her neighbor like Mexico and now China.The big cities companies in US r shadow of themselves same wt UK.So to bring back these companies into production US must pull out of some agreement.Once d companies start working American will be employed,d ppl will open more bank acct,health insurance,mortgage,eduction etc.US wants to start producing more useable cars.Once everytin starts workn fine,US will be d one 2 preach&enforce free trade.Under Abacha we had better deal because Nigeria was suspended from many global bodies which gave us opportunities 2 enclose&produce for Africa use.China did enclosure on Mao,after internally developing it self,she change policies and began going out.Nigeria must look imward,develop her local industries,feed her niegbors with guds before thinking of going out.International politics is local first before being international,that s its interest at home that matters.If Nigeria has rejected d agreement,then what r we doing to improve our production capacity.

good information. Nigeria must just improve production, it makes sense.

Lionhearted:
We? When you are not a Nigerian but South African...

hahahaha

grandstar:
Nigeria is a democracy. What's the revolution for.

the problem is that even the elections are not fair in Nigeria.

grandstar:
Zuma rise to power in a country as rich as South Africa in the first place shouldn't have arisen. It was the black South Africans that put him there.

If the black population reflected the $7,000 per capita income of that country, he would never have smelt power.

This is therefore testament to huge disparity of income in South Africa and how the under developed black population is holding the country back.

South Africa urgently needs reforms and I doubt whether the rich dude at the helms of affairs is ready to take it on.

He already sees reasons for labor reforms( he controls many companies) and can see first hand how rigid labour laws are holding back investment and productivity.

It was shocking during the commodity supercycle that no new mines were opened by the big foreign. mining companies despite it's massive mineral deposits. Completely a surd.

zuma raised to power because of the promise he made to south african. his ideas were really good. he was promising to nationalize the mines and banks, that's why people voted for him.he failed to keep his promise and they chased him. about mines south African people no longer wants foreign investors in the mines.

grandstar:
If I was to place a bet on the country that would do far better in the future, it is Nigeria.

Money covers a thousand imperfections", say the Chinese.

South Africa has a high unemployment rate, high crime rate, powerful trade unions which affects productivity, bloated civil service, many state owned companies and has been plagued with poor economic growth.for sometime now.

It's living off old glory. The greatest evidence of this is that it has the worst income distribution in the world.

It will be very difficult for South Africa to overcome it's challenges as the interest groups benefitting from them will fight tooth and nail to hold on to them

Also, some reforms will mean enriching the white minority such as privatisation and ending affirmative action. Reforms here are basically off the table.

Nigeria's basic problem now is down to one man:Buhari. Get rid of him today and any newcomer will bring about policies that will create growth of at least 6% or more per annum

south has strong institutions that govern the country. unions are good because they defend the workers. all failing state owned enterprises are going under proper commissions that review their performances. all private companies that got tenders illegally from govt were penalized, e.g kpmg, bosasa, guptas. all city mayors that did maladministration were removed. some state owned enterprises are doing well like transnet.

grandstar:
If I was to place a bet on the country that would do far better in the future, it is Nigeria.

Money covers a thousand imperfections", say the Chinese.

South Africa has a high unemployment rate, high crime rate, powerful trade unions which affects productivity, bloated civil service, many state owned companies and has been plagued with poor economic growth.for sometime now.

It's living off old glory. The greatest evidence of this is that it has the worst income distribution in the world.

It will be very difficult for South Africa to overcome it's challenges as the interest groups benefitting from them will fight tooth and nail to hold on to them

Also, some reforms will mean enriching the white minority such as privatisation and ending affirmative action. Reforms here are basically off the table.

Nigeria's basic problem now is down to one man:Buhari. Get rid of him today and any newcomer will bring about policies that will create growth of at least 6% or more per annum

south has strong institutions that govern the country. unions are good because they defend the workers. all failing state owned enterprises are going under proper commissions that review their performances. all private companies that got tenders illegally from govt were penalized, e.g kpmg, bosasa, gupts. all city mayors that did maladministration were removed. some state owned enterprises are doing well like transnet.

grandstar:
Learn from the Arab Spring: Most revolutions either keep things the same or they may get worse. Why it's so is that the revolutionaries either don't have the answers or that the citizenry are not ready to accept the bitter truths.

In Egypt, are the revolutionaries ready to downsize the bloated civil service and eliminate food and energy subsidies? Are the Gulf rich Arab citizens ready to pay taxes and lose juicy government jobs?

Libya, Syria and Yemen are in worse shape and are now shitholes. The Gulf Monarchies remain in power. Egypt is back to being a dictatorship. Tunisia is now filled with terrorist. The more things change. the more they seem to stay the same.

change is needed. it depend how you make it, you could get either good or bad result.

IronGalaxy:
just out of curiosity. why do Nigerians worship white people so much?

am also surprised.

Tianamen1:
Was it the white man that made us sell our brothers and sisters into slavery in exchange for mirrors?

Is it the white man that has made Nigeria the only oil producing nation without working refineries

Is it the white man that created so many government agencies that do nothing and consume all the funds necessary to educate our people and improve our productivity.

Is it the white man that has prevented us from providing pipe borne water to our communities.

Is it the white man who has made our government invest so much money in training doctors and engineers yet provides no enabling environment so they all move out of the country to greener pastures.

All my friends have left Nigeria. I am the only one left. I have left this miserable country twice, but some devil keeps drawing me back.

This is 2019. Nigeria has had 20 years of democracy and we have not improved in any significant way. Some may rightly say things are getting worse. PDP has had its try and APC is also having its try. If you see light at the end of this tunnel, I am happy for you. As far as I am concerned, our people remain the most ignorant people on earth and we totally lack the ability to govern ourselves. No need to blame any white man. We understand book, but that is where it ends.

Please may you suggest what should be done to help Nigeria?

omohayek:
This is rank ignorance of the worst kind: those white people you give so much credit to are the very ones responsible for black South Africans lagging so far behind educationally, thanks to the Bantu Education policy introduced by Verwoerd in 1953.

This tendency to credit everything good in Africa to white people is reaching ridiculous proportions: many of the continent's problems were deliberately caused by them, from fostering "tribal" tensions in the name of "divide and rule", to discouraging African electoral participation in favor of "indirect rule" through "chiefs", to drawing borders with absolutely no consideration for pre-existing ethnic and political realities.

thanks very much for this response

Tianamen1:
Without the white people, do you think their government would have focused on primary and secondary school education?

am so shocked with your comments, whites are not involved in government operations. is Africans who are running that country.

[quote author=mbos post=77204297][/quote]indeed, nigeria is too behind of south africa.

orisa37:
It is like the Yorubas, the Ibos, the Ijaws, the Tivs, the Ibibios, the Idomas, the Kanuris, the Hausas etc are deaf and dumb to hearing all the cries that the Fulanis are selling you to the Sahel Region.

lol

Lionhearted:
So South Africa is now Africa's big brother?

Continue on your ego trip. Nigeria is not joining the trade deal, at least for now.

of course south africa is a big brother to all african states, it runs all subsahara african countries. if you are in nigeria just look outside am sure you will see south african brand.

Lionhearted:
50:50 when we are talking of Africa's largest market? That don't cut it.

We will sign it when it is 80:20 in our favour.

Not something like BELIEVING Nigeria will benefit but that Nigeria will DEFINITELY benefit. And with the present state of infrastructural development in Nigeria...

you must have a positive believe alws my frnd.