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Nairaland Forum / Nairaland / General / Politics / Nigeria Need To Slow Down Infrastructural Investment To Grow Our Economy (4027 Views)
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Re: Nigeria Need To Slow Down Infrastructural Investment To Grow Our Economy by Perfectbeing(m): 12:39pm On Dec 26, 2023 |
Obaaderemi2:You're wrong. Imagine Obj invested that $16bn in the AKK gas PMB started. Nigeria would have been able to competing with Russia today on gas and we would have been making mad revenue. |
Re: Nigeria Need To Slow Down Infrastructural Investment To Grow Our Economy by Perfectbeing(m): 12:40pm On Dec 26, 2023 |
mrvitalis:You mean Dangote is transporting his cement through the air and not through roads and bridges? |
Re: Nigeria Need To Slow Down Infrastructural Investment To Grow Our Economy by Perfectbeing(m): 12:47pm On Dec 26, 2023 |
mrvitalis:Obi did well in HDI, Fashola did well in infrastructures. Today which of the states attracts the most investments? |
Re: Nigeria Need To Slow Down Infrastructural Investment To Grow Our Economy by Perfectbeing(m): 12:49pm On Dec 26, 2023 |
mrvitalis:Yes, you give Innoson $2bn for his car production and then he produces enough cheaper cars and sell them to Nigerians. And Nigerians buys the cheap cars and will drive the cars on which roads? |
Re: Nigeria Need To Slow Down Infrastructural Investment To Grow Our Economy by mrvitalis(m): 12:50pm On Dec 26, 2023 |
Perfectbeing:Same roads they drive the imported cars sir 2 Likes |
Re: Nigeria Need To Slow Down Infrastructural Investment To Grow Our Economy by mrvitalis(m): 12:51pm On Dec 26, 2023 |
Perfectbeing:Lagos had a massive head start in infrastructure na |
Re: Nigeria Need To Slow Down Infrastructural Investment To Grow Our Economy by Perfectbeing(m): 12:52pm On Dec 26, 2023 |
mrvitalis:So if $15bn is given to you now, you'll share the money to Nigerians as credits and when the manufacture their goods they'd transport it on the air? |
Re: Nigeria Need To Slow Down Infrastructural Investment To Grow Our Economy by mrvitalis(m): 12:54pm On Dec 26, 2023 |
Perfectbeing:No give it to banks at 3% interest to give to people they think meet the needed criteria |
Re: Nigeria Need To Slow Down Infrastructural Investment To Grow Our Economy by Perfectbeing(m): 12:57pm On Dec 26, 2023 |
mrvitalis:Yes. Use Lagos as the best case scenario in Nigeria. No not Lagos, use Ogun State. Ogun States invests more in infrastructures than Anambra and it makes the 3rd most IGR after Lagos and FCT |
Re: Nigeria Need To Slow Down Infrastructural Investment To Grow Our Economy by Perfectbeing(m): 1:02pm On Dec 26, 2023 |
mrvitalis:Let me ask you something. Why is Alex Otti borrowing of 400bn to invest in capital projects which is infrastructures? |
Re: Nigeria Need To Slow Down Infrastructural Investment To Grow Our Economy by Perfectbeing(m): 1:08pm On Dec 26, 2023 |
mrvitalis:Those money will go off the drain if there's no infrastructures and security. |
Re: Nigeria Need To Slow Down Infrastructural Investment To Grow Our Economy by Perfectbeing(m): 1:09pm On Dec 26, 2023 |
mrvitalis:Ok why haven't Anambra passed Ogun State? |
Re: Nigeria Need To Slow Down Infrastructural Investment To Grow Our Economy by mrvitalis(m): 1:12pm On Dec 26, 2023 |
Perfectbeing:Anambra has bigger GDP than Ogun |
Re: Nigeria Need To Slow Down Infrastructural Investment To Grow Our Economy by mrvitalis(m): 1:12pm On Dec 26, 2023 |
Perfectbeing:Abia has al already developed human capital |
Re: Nigeria Need To Slow Down Infrastructural Investment To Grow Our Economy by Perfectbeing(m): 1:31pm On Dec 26, 2023 |
Kukutenla:Even today as Egypt (that Obi went to study) is trying to kick start their economy it's infrastructures they're investing in on of which most of it is from loans. Egypt is currently in over $150bn debt and most of it is on infrastructures. |
Re: Nigeria Need To Slow Down Infrastructural Investment To Grow Our Economy by ABBkelvin(m): 1:38pm On Dec 26, 2023 |
Perfectbeing:I am going to barge in here.... you know AKK gas won't be classified as infrastructure right? Thats purely an industry with capital gains that would have helped our economy massively. It is better to borrow money to either fund HDI or build industries rather than gigantic infrastructure that has no immediate impact on our economy with loans. Let's be realistic with his point on this particular matter "it is stupid to borrow morning for large infrastructure without immediate impact in the profit and revenue sector of our economy", thats exactly why we fell off in the 90's and we are still where we are till today. This is a deep topic and we must look beyond the surface to provide meaningful solution to it or else in the next 100 years we will still face the same problem. The emergence of current China does not revolve around borrowing to finance capital infrastructure it was based on the designation of draconian effective HDI method to yield maximum economic output overtime, so therefore Europe Marshall plan is not the only viable way to achieve resurgence economy plan when everything is stalled or regressing. Look further into my point up here and see what other solution manual can be rendered to our failing economy without borrowing to sustain infrastructure that won't bring immediate profit. I will like you to discuss further from a possible solution perspective thanks 1 Like |
Re: Nigeria Need To Slow Down Infrastructural Investment To Grow Our Economy by ABBkelvin(m): 1:43pm On Dec 26, 2023 |
Perfectbeing:Sorry, but Obi didn't do well in HDI during is tenure, he later gain knowledge and intelligence about it very recently that I can assure you. No Nigeria past leader has effectively focus on utilizing our HDI in our history except maybe Awolowo policy for the western region which was done partially. Nigeria has never for once focus on its citizen and thats why we are where we are today. 1 Like |
Re: Nigeria Need To Slow Down Infrastructural Investment To Grow Our Economy by Perfectbeing(m): 1:51pm On Dec 26, 2023 |
mrvitalis:Meaning Ikpeazu wasn't as useless as y'all made him |
Re: Nigeria Need To Slow Down Infrastructural Investment To Grow Our Economy by Perfectbeing(m): 1:56pm On Dec 26, 2023 |
ABBkelvin:At least the Marshall plan was one way for Europe to stand on their feet even though it's not the only way. Also countries like Egypt is another example that's investing heavily on infrastructures to stand on their feet and most is done with loans. Egypt is in over a debt of $120bn |
Re: Nigeria Need To Slow Down Infrastructural Investment To Grow Our Economy by mrvitalis(m): 2:01pm On Dec 26, 2023 |
Perfectbeing:Abia human capital predates PDP even w There is a reason akwa ibom, cross river, rivers, bayelsa Delta, Cameroon, Gabon go to aba even with the bad road |
Re: Nigeria Need To Slow Down Infrastructural Investment To Grow Our Economy by Perfectbeing(m): 2:11pm On Dec 26, 2023 |
mrvitalis:Ok. |
Re: Nigeria Need To Slow Down Infrastructural Investment To Grow Our Economy by ABBkelvin(m): 2:14pm On Dec 26, 2023 |
Perfectbeing:My brother debt is not the problem here, this is our future as a nation we are talking about here; do you want us to grow or remain empty? International loan is different from internal loan they serve different purpose from an economic perspective. The main question I am going to ask once again is what should we use our International loan for if we are hellbent on borrowing more and more instead of looking for solution from within? Capital infrastructure or Human development index? 1 Like |
Re: Nigeria Need To Slow Down Infrastructural Investment To Grow Our Economy by ABBkelvin(m): 2:17pm On Dec 26, 2023 |
mrvitalis: The solution to Nigeria problem is on this particular topic believe me tho only from economic and policy perspective. Seun should launch this thread to Frontpage for more input and view from more nlanders CC Mynd44 1 Like |
Re: Nigeria Need To Slow Down Infrastructural Investment To Grow Our Economy by Perfectbeing(m): 2:26pm On Dec 26, 2023 |
ABBkelvin:Egypt had a total external debt of over $160bn and most are used for infrastructures. |
Re: Nigeria Need To Slow Down Infrastructural Investment To Grow Our Economy by Perfectbeing(m): 2:37pm On Dec 26, 2023 |
ABBkelvin:Egypt had a total external debt of over $160bn and most are used for infrastructures. |
Re: Nigeria Need To Slow Down Infrastructural Investment To Grow Our Economy by laiperi: 3:51pm On Dec 26, 2023 |
I am glad more and more people are seeing through this fake economist MrVitalis propaganda of foreign salvation, imports, devaluation and Structural Adjustment. All the loans given to empower individuals, foreign companies, Zimbabwe farmers, money launderers, political cronies and other connected people to power: How much of it has grown the economy? If anything, they all stifle infrastructure and economy. Just examine the costs of big and small projects in neighboring countries compared to Nigeria. Even roads, find out the cost of one kilometer, as if they are paved with gold, compared to anywhere in the world. Their reason for inflated cost: they have to import what can be produced as finished goods in Nigeria. Yet, they are willing to export raw materials. |
Re: Nigeria Need To Slow Down Infrastructural Investment To Grow Our Economy by PHAYOL81: 4:42pm On Dec 26, 2023 |
Every single day, Prof. Wole Soyinka is just being confirmed a genius for his pronouncement that “internet in NIGERIAN's space has only raised a legion of educated illiterate” those who can't relate the education they got at school with the reality in their immediate and remote environment. So sad. Imagine the rubbish this little dvllard had the effontery to put on the internet. I shudder to think of what the future holds for the leaders of tomorrow we're raising today with this kind of mindset, poor IQ, and intolerance for the acquisition of hidden knowledge. |
Re: Nigeria Need To Slow Down Infrastructural Investment To Grow Our Economy by NewDea4: 11:45pm On Dec 26, 2023 |
PHAYOL81: Soyinka is a doddering, half-senile goat You can súck his shriveled cock all you want it's not gonna bring him back to his prime |
Re: Nigeria Need To Slow Down Infrastructural Investment To Grow Our Economy by PHAYOL81: 9:09am On Dec 27, 2023 |
NewDea4: LOL. But then, he rightfully sits at that height all educated IGBOS (dead or alive)dream(t) everyday to attain. I understand your frustration though |
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