|
Post by Honorebu on Dec 7, 2017 13:53:43 GMT
|
|
|
Post by Short_Biscuit on Dec 7, 2017 18:17:51 GMT
|
|
|
Post by Honorebu on Dec 8, 2017 12:58:55 GMT
|
|
|
Post by Honorebu on Dec 8, 2017 13:02:58 GMT
|
|
|
Post by Short_Biscuit on Dec 8, 2017 17:03:03 GMT
At this rate, some manufacturing companies may soon start spilling into Oyo sef after Ogun has had its turn like Lagos.
|
|
|
Post by Her Highness on Dec 8, 2017 17:34:15 GMT
I didn't know they already began building. Nice!!
|
|
|
Post by Honorebu on Dec 8, 2017 21:13:44 GMT
At this rate, some manufacturing companies may soon start spilling into Oyo sef after Ogun has had its turn like Lagos. But the common factor I see here is that all these states are relying on that Lagos proximity which is all about market size. Isn't that unhealthy? What happens if Nigeria divides and people from other ethnic groups decide to go back to their lands or the LASG decides to decongest Lagos. I wish they would create their own niches instead of waiting for that spill over What I've observed in this part of the world is that foreign and local investments are not market size induced, it's by spending power and ease of doing business - 24+7 electricity, seamless land acquisition, good transportation, security etc etc. The latter i.e ease of doing business = more local investments and then foreign investments or both at the same time which = more jobs which = higher spending power Toronto generates more revenue than Lagos x5 and it's not even up to half of Lagos population Do you get my point?
|
|
|
Post by Honorebu on Dec 8, 2017 23:08:09 GMT
Damn! I never knew Honda had an assembly plant in Ogun. Sango precisely
|
|
|
Post by Short_Biscuit on Dec 8, 2017 23:36:49 GMT
At this rate, some manufacturing companies may soon start spilling into Oyo sef after Ogun has had its turn like Lagos. But the common factor I see here is that all these states are relying on that Lagos proximity which is all about market size. Isn't that unhealthy? What happens if Nigeria divides and people from other ethnic groups decide to go back to their lands or the LASG decides to decongest Lagos. I wish they would create their own niches instead of waiting for that spill over What I've observed in this part of the world is that foreign and local investments are not market size induced, it's by spending power and ease of doing business - 24+7 electricity, seamless land acquisition, good transportation, security etc etc. The latter i.e ease of doing business = more local investments and then foreign investments or both at the same time which = more jobs which = higher spending power Toronto generates more revenue than Lagos x5 and it's not even up to half of Lagos population Do you get my point? I get your point. But I think that the current model (which is hinged on the 'Lagos-factor') is all we've got to work with under the circumstance. Ogun is currently pulling in some very impressive IGR thanks to the industries springing up in its domain -- even moreso than the Oil rich Niger-Delta states. Apparently the only other alternative left for our less fortunate states is increased taxation, which our people are generally not so receptive towards right now. The combo of a sizable industrial sector and a healthy service sector made Lagos what it is today. Most other states can't seem to generate 'good' money from much else (even the much hyped Aba and Onitsha are just glorified market cities with little/negligible IGR value). As it stands, industrialization/manufacturing seems to be the most practical path to prosperity for our region, i think. I wish it wasn't so but I have had to come to terms with that reality. Nigeria's economy is just too underdeveloped compared to the Western countries. The likes of Canada and the U.S are now in the 'post-industrial' phase or stage where the service sector now generates more wealth than the manufacturing sector. Industrialization enabled them to raise the standard of living of their populace (they were manufacturing, consuming, and exporting so much stuff that their standard of living shot through the roof, and left them with trade surpluses that further spurred infrastructural and economic growth), until they later reached a point of outsourcing most of their manufacturing needs to the likes of China and India thanks to the cheaper labour those countries offer. China apparently learned from the U.S in particular and replicated that model. But even China is also already showing signs of being tired of its posterboy reputation as the capital of cheaply manufactured goods, and consequently is now showing less focus on manufacturing while attempting to restructure towards a more service-based economy to raise its status and standard of living. Outside Lagos, the rest of the country's service sectors are grossly underperforming. It remains to be seen whether Ogun's increasing population (which is the result of a combination of a spillover from Lagos and its growing industrial sector), at the rate it is growing, will at some point be able to develop a big enough/sustainable middle-class that would make the state's industrial sector less dependent on the Lagos market. If that happens, the state's service sector would also naturally crystalize and develop with its own distinct character.
|
|
|
Post by Honorebu on Dec 9, 2017 8:28:18 GMT
I love the fact that the refinery is being built in Ijebu Ode and not the border areas
It means Ijebu indigenes would benefit from it the most. We've always talked about how Yorubas are investing too much in Lagos and leaving other states undeveloped. I hope this move would spur a trend of folks investing in their hometowns. To the best of my knowledge, the Nnewi folks are the only ones doing that
|
|
|
Post by Honorebu on Dec 10, 2017 9:13:49 GMT
|
|
|
Post by AgbongboAkala on Dec 10, 2017 20:58:11 GMT
At this rate, some manufacturing companies may soon start spilling into Oyo sef after Ogun has had its turn like Lagos. Spilling kwa! Ladugbo wa, ti a o tii yo. Abeg we never belleful. Our land still bokwu well well. When we don belleful, we go remember our brothers. Just watched this event on Ogun Weekly on Channels TV.
|
|
|
Post by Honorebu on Dec 11, 2017 13:01:30 GMT
These nigxxx mean business
|
|
|
Post by Honorebu on Dec 18, 2017 18:28:38 GMT
|
|
|
Post by Honorebu on Dec 18, 2017 20:00:22 GMT
Her Highness , see am. Canaancity is in Ota, RCCG Auditorium is in Simawa
|
|