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Post by Honorebu on Dec 22, 2015 14:17:25 GMT
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Post by Shymmex on Dec 22, 2015 14:31:19 GMT
Heritage Place - Ikoyi Rendition/Design Name: Heritage Place City: Lagos Status: Proposed Architects/Structural Engineers/MEP Engineers/Space Planner: Capita Symonds Size (square metres): 18,000 Development Manager: Laurus/PDC Local Architect: ECAD Architects Local Structural Engineers: Morgan Omonitan & Abe Limited, Lagos Local MEP Engineers: CA Consultants, Lagos Environmental Consultants: Capita Symonds, UK Quantity Surveyors: Tillyard Nigeria Limited ImplementationCompletion
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Post by Honorebu on Dec 22, 2015 14:31:47 GMT
OmoOba and omohayek , I'm looking at these goods here and one thing I'm sure of is the fact that they're not coming from Nigeria and I begin to wonder Is there any of the goods we can't provide here in Nigeria ?
Let's even leave the other stuffs like Charcoal and blah blah.What of food?. There's none of these foods we can't produce here in the South-west and I'd expect states like Osun and Oyo to take advantage of this. I remeber Aregbe talking about this during his first term, I have no idea how far with that
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Post by omohayek on Dec 22, 2015 14:42:29 GMT
OmoOba and omohayek , I'm looking at these goods here and one thing I'm sure of is the fact that they're not coming from Nigeria and I begin to wonder Is there any of the goods we can't provide here in Nigeria ?
Let's even leave the other stuffs like Charcoal and blah blah.What of food?. There's none of these foods we can't produce here in the South-west and I'd expect states like Osun and Oyo to take advantage of this. I remeber Aregbe talking about this during his first term, I have no idea how far with that I guess it would depend on the quality of the goods and their intended consumers: for example, France imports Californian wines despite being the biggest wine producer in the world, and Japan imports German and American cars despite Toyota and Honda being native companies. I think we should stop worrying about import substitution and think more about where our competitive advantages lie in the world market. The advantages we currently have are a highly literate, young population which can beat any of the East Asian countries in labor costs, and we need to build on that by attracting more labor-intensive industries from the far east.
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Post by Honorebu on Dec 22, 2015 14:48:50 GMT
OmoOba and omohayek , I'm looking at these goods here and one thing I'm sure of is the fact that they're not coming from Nigeria and I begin to wonder Is there any of the goods we can't provide in Nigeria here?
Let's even leave the other stuffs like Charcoal and blah blah.What of food?. There's none of these foods we can't produce here in the South-west and I'd expect states like Osun and Oyo to take advantage of this. I remeber Aregbe talking about this during his first term, I have no idea how far with that I guess it would depend on the quality of the goods and their intended consumers: for example, France imports Californian wines despite being the biggest wine producer in the world, and Japan imports German and American cars despite Toyota and Honda being native companies. I think we should stop worrying about import substitution and think more about where our competitive advantages lie in the world market. The advantages we currently have are a highly literate, young population which can beat any of the East Asian countries in labor costs, and we need to build on that by attracting more labor-intensive industries from the far east. That France does it still doesn't make it right tho? and besides, these are developed countries.They have options
it's appalling for us to be importing these foods into the South-west when we can easily provide them here.I refuse to believe we can't come up with something better than we're currently importing in the South-west
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Post by omohayek on Dec 22, 2015 15:00:42 GMT
I guess it would depend on the quality of the goods and their intended consumers: for example, France imports Californian wines despite being the biggest wine producer in the world, and Japan imports German and American cars despite Toyota and Honda being native companies. I think we should stop worrying about import substitution and think more about where our competitive advantages lie in the world market. The advantages we currently have are a highly literate, young population which can beat any of the East Asian countries in labor costs, and we need to build on that by attracting more labor-intensive industries from the far east. That France does it still doesn't make it right tho? and besides, these are developed countries.They have options
it's appalling for us to be importing these foods into the South-west when we can easily provide them here.I refuse to believe we can't come up with something better than we're currently importing in the South-westI didn't quote those examples because I think France doing it makes it right, but because this is what standard economic theory predicts should happen in a properly functioning economy. It's not just theory, either, as there is overwhelming empirical evidence to back this. Import substitution simply does not work: it is less efficient than free trade, and produces more opportunities for corruption that we simply don't need. It is the equivalent of saying Kobe Bryant should have taken more time away from playing basketball to clean his own house because he could do a better job of it than his Mexican maids. Our comparative advantage isn't necessarily in farming, especially with an English-speaking youth which is 95% literate.
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Post by OmoOba on Dec 22, 2015 15:09:34 GMT
That France does it still doesn't make it right tho? and besides, these are developed countries.They have options
it's appalling for us to be importing these foods into the South-west when we can easily provide them here.I refuse to believe we can't come up with something better than we're currently importing in the South-west I didn't quote those examples because I think France doing it makes it right, but because this is what standard economic theory predicts should happen in a properly functioning economy. It's not just theory, either, as there is overwhelming empirical evidence to back this. Import substitution simply does not work: it is less efficient than free trade, and produces more opportunities for corruption that we simply don't need. It is the equivalent of saying Kobe Bryant should have taken more time away from playing basketball to clean his own house because he could do a better job of it than his Mexican maids. Our comparative advantage isn't necessarily in farming, especially with an English-speaking youth which is 95% literate. Sir, I think the problem here is we import every SINGLE thing even matches. Surely, you can see a problem with that.
We can't expect to grow if we don't patronise local. There is nothing wrong with importation but not on Nigeria's scale.
I think this is something that needs to be addressed with appropriate policies.
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Post by Honorebu on Dec 22, 2015 15:12:38 GMT
That France does it still doesn't make it right tho? and besides, these are developed countries.They have options
it's appalling for us to be importing these foods into the South-west when we can easily provide them here.I refuse to believe we can't come up with something better than we're currently importing in the South-west I didn't quote those examples because I think France doing it makes it right, but because this is what standard economic theory predicts should happen in a properly functioning economy. It's not just theory, either, as there is overwhelming empirical evidence to back this. Import substitution simply does not work: it is less efficient than free trade, and produces more opportunities for corruption that we simply don't need. It is the equivalent of saying Kobe Bryant should have taken more time away from playing basketball to clean his own house because he could do a better job of it than his Mexican maids. Our comparative advantage isn't necessarily in farming, especially with an English-speaking youth which is 95% literate. What exactly is our comparative advantage If not agriculture?
That's the only thing that has ever worked for us. That's our biggest potential
If it worked for us in the past, who says we can't resuscitate it
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Post by Honorebu on Dec 22, 2015 17:01:41 GMT
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Post by omohayek on Dec 24, 2015 9:45:29 GMT
I didn't quote those examples because I think France doing it makes it right, but because this is what standard economic theory predicts should happen in a properly functioning economy. It's not just theory, either, as there is overwhelming empirical evidence to back this. Import substitution simply does not work: it is less efficient than free trade, and produces more opportunities for corruption that we simply don't need. It is the equivalent of saying Kobe Bryant should have taken more time away from playing basketball to clean his own house because he could do a better job of it than his Mexican maids. Our comparative advantage isn't necessarily in farming, especially with an English-speaking youth which is 95% literate. What exactly is our comparative advantage If not agriculture?
That's the only thing that has ever worked for us. That's our biggest potential
If it worked for us in the past, who says we can't resuscitate itI think our comparative advantage lies in a young, literate, English-speaking workforce, and our closer access to the Eastern US and Europe than the East Asian countries. Agriculture may have been what worked for us in the past, but I don't think it can be the future for all but a small number of highly efficient farmers, who will have to be able to compete with the vast, mechanized farms of the Americans, and the highly subsidized. highly mechanized farmers of the European Union. Instead of setting up trade barriers to imports and making the cost of food more expensive for millions of poor people (most of whom dislike farming so much they would rather move to slums in the cities), or wasting money on farming subsidies instead of lowering the infant mortality rate, improving the quality of primary/secondary education and building more roads, we should be concentrating on an export-oriented policy by drawing FDI to set up manufacturing and IT-related businesses like the ones that have set up shop in China, India and South-East Asia. Such investment soaked up hundreds of millions of workers in China alone in the space of 30 years, and it is a fact that many such investors are now looking hard at Africa, but are being frustrated by stupid government policies like the CBN's forex controls and Buhari's aversion to deregulation. I myself have discussed with others the possibility of setting up IT outsourcing in Nigeria, but the power, forex and policing issues have always been the killers for us, not the absence of the workers. Given the choice, most young people would rather work on manufacturing assembly lines and in IT outsourcing centers than break their backs working in the fields out in the hot sun, and the former types of work are not just easier on the body but also better paid: there is not a single country on earth where people have ever gone for agriculture when presented with such a choice. A country where the average person earns $12,000 per year and all food is imported would still be much better off than one in which there are no food imports and the average wage is $3,000.
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Post by omohayek on Dec 24, 2015 9:56:20 GMT
I've read through the thread, and I found it quite unconvincing. Most of the people commenting on there have no idea of the financial realities of the international rice business, and just how difficult it would be to compete with the East Asians on a cost basis - rice is the very basis of East Asian civilization, something they have been growing for 3,000 years, and it has a literally holy status in some parts of the region (e.g. Japan, where there are rice festivals and one of the Emperor's duties is to pray for a good harvest). There is simply no chance of us competing with these people in growing quality rice without permanent, high trade barriers. For Nigeria to be able to avoid importing rice would require enormous tariffs that would encourage smuggling and the attendant corruption of our border police, or the sorts of corrupt import restriction schemes that Umaru Dikko and Aliko Dangote have profited so much from in the past, all the while making food more costly for millions of poor people. It's ironic that Nigerians should be advocating for more expensive food when the British masses spent so much effort fighting for the opposite cause during the 19th century.
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Post by Honorebu on Dec 24, 2015 16:05:55 GMT
omohayek but at the same time, we can't compete with the East Asians either.These days communication is no more an edge when it comes to trade.The only edge we have over them is geography.They have the manpower and they've been doing this for so long.For us, we'll have to start from the scratch.Well...I still believe agriculture is the way since we have the blueprint already. We just need to follow it.I buy into your idea as well but it looks more like a long-term idea to me.Competition with the east asians in IT? huuh! no be beans ooo Agriculture in Nigeria is regaining it's glory especially among young Yoruba entrepreneurs.Trust me I'm a witness. Corruption is the only challenge
This part of your post is exactly what I'm saying
The African market is a very good starting point and I think we should focus on that.Technology isn't our fort for now, it's long term. We just need to provide incentives for our youths to get back into agriculture
Oyo/Osun state can do more in terms of Agri-business.Food Processing Canning/ processing factories for key crops should be established
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Post by Honorebu on Dec 24, 2015 19:35:05 GMT
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Post by Shymmex on Dec 27, 2015 12:47:52 GMT
Oba Akiolu Appears in Court over Land DisputeOba of Lagos, Rilwan Akiolu, has blamed some officials of the Lagos State Government as well as traditional rulers of the Ibeju-Lekki area of responsibility for the crises besetting the community, especially the deadly conflicts over disputed land. Oba Akiolu spoke earlier today when he appeared at a coroner’s inquest at the Lagos State High Court in Ikeja. The inquest is mandated to investigate the causes of crises in the Ibeju-Lekki community culminating in several deaths. One of the more recent deaths was of Tajudeen Disu, chairman of the Lekki Free Zone that oversees development in the disputed land area. Giving testimony at the inquest, Oba Akiolu criticized state government officials, saying their greed had fueled the crises. He declared that some state government officials were insincere and blinded by their greed, leading to actions that were against both good conscience and the interests of the residents of the community. In addition, Oba Akiolu stated that some traditional rulers in the Ibeju-Lekki area were only concerned with their selfish financial interests. He accused them of cutting deals over land rather than focusing on planning for the larger community along and seeking the interests of their people. The Oba’s testimony suggested that some staff of the Lagos State Ministry of Lands and Survey were engaged in rackets to issue certificates of land ownership. He praised inhabitants of the community for resisting the hijack of their communal land by greedy officials who have sold most of the land without helping to resettle the displaced residents. Even so, Oba Akiolu criticized the inhabitants for using the wrong methods in their fight, noting that they lacked exposure and were therefore easy to manipulate. “The land belongs to the dead, the living and the unborn,” Oba Akiolu stated in his testimony to the coroner, Justice Adesuyi Olateru-Olagbegi. He added that the selling off the communal land had indigenous members of the community into strangers on their own land. He dared any of the local rulers to oppose his position on the issue, stating that they were too preoccupied with cutting deals in order to obtain cash largesse from business owners interested in acquiring land in the area, but with no concern for peace with the inhabitants Source
Interloper,OmoOba,dansoye1,Belmot,Her Highness,IrekeOnibudo,Honorebu,ilaje2015,omohayek,AgbongboAkala,
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Post by Shymmex on Dec 27, 2015 12:50:53 GMT
I just like this king.
He's the people's champion - salute!
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