ALL TALK BUT NO WORK
If theory that 85% of statistics put on twitter are contrived, then it follows also that 85% of us always talk about the work 15% are doing and how it ought to have been done. We are all talking about politics. Only a few are doing what's growing the economy.
If theory that 85% of statistics put on twitter are contrived, then it follows also that 85% of us always talk about the work 15% are doing and how it ought to have been done. We are all talking about politics. Only a few are doing what's growing the economy.
Manufacturing is shrinking in Nigeria with a population growing at 2.5%! Other data sources believe our population is actually growing at 3.7% yearly. Nigeria seems to be a place where people believe they can grow rich by fighting online, over politics and arguing about poverty.
Its oil money that's doing us this devastation. As we all eagerly blame the dying industries on dearth of electricity and other infrastructure, how come the "erection" industry is thriving? There's hardly anytime Four Points and Radisson Blu arent fully booked, at ~75k per night.
Manufacturing industries are dying at the current diesel price but night clubs are running profitably on.500KVa generators. Some burn up to three drums of diesel every weekend so that drunk men can grind their penis at the butt-crack of women who cant bend down for Jesus.
There's a lot of half truth about the reasons thrown around on why Nigeria is not working. Politicians are only one-tenth of the problem. Many of our issues will be fixed if we fix ourselves, and our collective lack of creativity. Productivity grows a nation; not politics.
I funded a vehicle anti-collision AI development that makes a car decelerate, when it senses another car within a fixed radius. The programmer i partnered with made us sell at a partial development stage to an entity in the UK, so that he can pick up a job as PA to a politician.
Why are we all chasing after politicians? We need to get back to applying ourselves. Fayemi's Ikun Diary idea with Promasidor holds a promising future, if Ekiti isnt unfortunate again with a governor like Fayose, who will kill the Jersey Cows for Xmas, to gain political appeal.
I laughed when somebody here, who claimed he is banker, was arguing that banks are the bedrock of Nigeria's economic growth because they are declaring unexplainable profits. Truth is, real sector of an economy is the bedrock, as activities of this sector persuade economic output.
The thing is, the real sector will generate better outcomes if accompanied with a healthy banking system; but Nigerian banks are "turning oninown." The contradiction doesn't end there. You will see more petrol stations than poultry farms or feedmills in agrarian Nigerian states.
Some Nigerian farmers now plant sweetcorn. Bulk of their produce perish at Mile 12, while begging buyers at highly discounted price to cut their losses. In the same country, I know a Lebanese importer at Ilupeju who raises thousands of dollars in Forex to import canned sweetcorn.
Till today, most juice industries in Nigeria import concentrate from South Africa; yet an estimated 10,000tons of oranges & mangoes decay yearly in Benue. In terms of debt-to-revenue, Benue is bankrupt in spite of about N5Billion yearly decaying industrial juice making potential.
To put my ranting in context, I was at So-Fresh with some expatriates and we happily paid 4K each for a very refreshing 50cl blend of tropical fruits made into smoothie. If scaled by linear programming, the drink would have attracted ~28% profit if sold at N960 and made in Benue.
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