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Nairaland Forum / Nairaland / General / Politics / $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta (34280 Views)
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Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by lexy2014: 1:13am On Dec 26, 2019 |
samorobo: Insulting others without provocation is definitely a sign of frustration. It's also sign that u have run out of things to say. In most of posts, ur comments haven't even been about d topic cos u have little or nothing to say about d topic yet every opportunity u get, u say "ignorant" as if u just learnt d word. U just brought up d issue of Rwanda here but u couldn't debunk my points I made about d country. With each post u make filled with personal attacks, u just corroborate my point that u have strictly run out of things to say |
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by samorobo: 1:16am On Dec 26, 2019 |
lexy2014: Now you've resorted to silly reverse psychology...what i said does not in any way conform to the nonsense you said...This is how we know we've silenced empty noise makers... When I asked a full grown man like you how Rwanda is perceived to be greater than Nigeria by you, below is what a full grown adult like you wrote Rwanda is much more organised than Nigeria with better accountability from govt institutions. Rwanda is a country with less corruption than Nigeria. Nigeria may have a higher GDP than Rwanda but this is obviously because of oil. Take oil out of Nigeria, what else does Nigeria have? Do you even know a more corrupt nation can be by far better than a far less corrupt nation in every manner of ramifications..some countries can naturally thrive on the back of corruption by putting forward great economic reforms and yet they still hold the tittle of one of the world most corrupt countries.... Nigeria is one of those countries.. On the global corruption index Kenya is more corrupt than Nigeria but I tell you Kenya is by far more developed than Rwanda even you check so many economic stats... South Africa is also another country that is more corrupt than Rwanda but I tell you there is no room for comparism between both countries...one is an upper middle income economy while the other is still a very backward village Lying to the rest of the world that it has gotten better and should be envied across the continent when infact it is not even among the lower middle income economies of the african continent...and according to United Nations it is still regarded as an LDC(Least developing countries) and will stay that way even up untill 2025.. 2 Likes |
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by samorobo: 1:21am On Dec 26, 2019 |
lexy2014: Irrational witticism is what you use in sweeping salient point under the carpet to mask your ignorance...yes I said ignorance and I am saying it again cos that is what you are...it is not a personal attack but the mere truth... Since i started hitting you with salient points, you started running in circles to save your face..... If you must speak on NL atleast do so with sense and be ready to back it up anytime you are called upon to do so.. 1 Like |
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by lexy2014: 1:39am On Dec 26, 2019 |
samorobo: Where's d reverse psychology? Did u debunk what I said in d post u are referring? No u didn't. U were just going round in circles thinking u were insulting me but u were in actual fact corroborating my points. Bros, Kenya isn't more corrupt than Nigeria. Pls get ur facts right. With regards to corruption in Rwanda and d fact that there's more corruption in SA and Nigeria and they are still richer than Rwanda still takes u back to d resources and wealth of d nations. When I said something about oil being d reason y Nigeria is richer than Rwanda, u were giving lecture but in d end u shot urself in d foot. Nigeria and SA have more resources than Rwanda hence despite their higher level of corruption, they are still richer. That's y I said "take oil out of Nigeria and see what happens". I thought that as an economics guru, u would understand this more. |
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by lexy2014: 1:42am On Dec 26, 2019 |
samorobo: I am yet to see d "salient points". There are no salient points that u made. U have done more of engaging in personal attacks than engaging in d topic. Mind u, my face doesn't need saving |
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by samorobo: 1:52am On Dec 26, 2019 |
lexy2014: I see you are not ready to learn Kenya is more corrupt than Nigeria and it has always been that way...check the global corruption index to confirm.. Being resources_less doesn't mean a country should perform less...Japan, Singapore, South Korea are also resources-less countries, look where that are today and see where Nigeria and the rest of the super resource rich endowed continent of Africa is .. That is why I earlier mentioned strategic economic reform"...This Asian countries grew on the back of this seeing that there were not privileged enough to be resource rich and trade in this resources..after world war 2 Japan was completely devastated and had nothing to fall back on..there were time Nigeria was far better than China, Saudi Arabia, Singapore but can the same be said today...Not having resources is not an excuse... Being run rich to me is just an added advantage and a perfect way to be lazy and Skip all the hard work it takes toward becoming great and still become great if put into good use,.... 3 Likes |
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by samorobo: 1:53am On Dec 26, 2019 |
lexy2014: I won't pull them out for you...if you chose to dodge and ignore them as usual then there is so little I can do to save you from ignorance... 1 Like |
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by lexy2014: 2:04am On Dec 26, 2019 |
samorobo: U don't even no and u want to teach. Y don't u begin by teaching urself first? D last time Kenya was said to be more corrupt than Nigeria was 2016. Since then, its been Nigeria all d way. According to u: "Not having resources is not an excuse... " If this is so, then y is what d west did to Africa now an excuse? What did Japan and Singapore that u mentioned do that Nigeria isn't doing? Part of it is what Rwanda is doing hence my previous quote which u despised: "Rwanda is much more organised than Nigeria with better accountability from govt institutions. Rwanda is a country with less corruption than Nigeria. Take oil out of Nigeria, what else does Nigeria have?" |
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by lexy2014: 2:08am On Dec 26, 2019 |
samorobo: There's nothing to dodge cos I can't dodge what wasn't fired at me. If I didn't dodge ur insults and ur foul language, then where is d "salient point" u made that was dodged? Dude u didn't say anything of significant importance |
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by samorobo: 2:32am On Dec 26, 2019 |
lexy2014: Kenya has always been more corrupt than Nigeria or of recent ranked on the same position.. What the west did to Africa and his currently still doing to Africa is highly appalling...To me it is a out racism, paranoia of black race rise, global dominance..... I think between the 19th century and 20th century it was the EU controlling the world hence the global colonization that was perpetuated by countries like Germany, France ,UK....After the world war America took over by forcefully instilling fear In The minds of so many countries around the world with their nuclear power, warheads which they used in devastating a certain country (I can't remember the name)...out of this fear most countries succumb to the US like puppets..even the great EU...They used their demonic organisation IMF/world bank to penetrate global politics and economies and have a sit at top global discussions by preying on the fears they've instilled in this countries.. and that is why they remain the world super today which is now getting precarious and will soon be returned to China as she is catching up so fast.... Wonder no more why US and China has been on a trade war over dominance on the continent of Africa...there has to be some special attached, that would make the world two biggest economy enter an economic wars despite the massive negative effect it has on their Economy...America is expected to go into a very deep recession in 2020 because of this war and yet she still insist on this economic war...surely there is something in it for them . I won't go further explained that of Japan and Singapore..if you can understand the normal Basic economic conversation we have been having how much more this one that is a little bit more complex than the former.. "Rwanda is much more organised than Nigeria with better accountability from govt institutions. Rwanda is a country with less corruption than Nigeria. Take oil out of Nigeria, what else does Nigeria have And to answer the bolded again I would say you are still trying to hide your face by running in circles..when I asked you why you perceived Rwanda a greater nation than Nigeria you replied me with three sentences and each sentence you ended with a full stop which means that was the end of you point..Don't try tie-ing your second sentence to the last one...there is a clear boundary which you drew, and that is the full stop which you included exist there... And even if I dumb down to your level and take your reply as a joint one you are still wrong cos I will refer you to what I said earlier which being "resources-less is not an excuse.. 4 Likes |
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by samorobo: 2:37am On Dec 26, 2019 |
lexy2014: Okay let me help you this time around cos I can see you are too slow to grasp....take out the part where I called you ignorant and barbaric and tell me what eelse you could make out of my.post...tell me my majorly emphasize point......this is how we test good reading and comprehensive skills.. Lexy is simply ignorant and barbaric...There is nothing upstairs....Abuja had phase 1 of her light rail completed last year and the second just got completed or almost completed...how many Nigerians have you seen praise this even if it is in their minds...but if they travel to a neighbouring African country to see the same infastructure and it is absent in Nigeria , they still be the first people to criticize the govt for not putting such infastructures in places whilst a small African country have such.... Funny enough in sub Saharan Africa only three African countries has a light rail which is Nigeria, south Africa, Ethiopia and aside thus countries no other African country is even dreaming of building one... 1 Like |
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by NGpatriot: 2:42am On Dec 26, 2019 |
This is the next best project after Dangote refinery complex in Lagos, I'm particularly excited about this project because of it's potential to revolutionize industrialization in Nigeria, This is big. 1 Like |
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by NGpatriot: 2:46am On Dec 26, 2019 |
Rossikk: This totally flew under the radar. 1 Like |
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by Olominira(m): 3:10am On Dec 26, 2019 |
lexy2014: I don't have time to response to some of your arguments. Just to make this straight to you. No one says we are waiting for downfall of any nations. It's a simple economic principle. Ford Motors, an American company shut down some of its plants in the United States and moved to China. Then, exports it cars back to US. Apple moved some of its productions to China then rẹ-export back to the US. Microsoft currently outsourcing part of its R& in China etc. It's a simple process of north/south - south/north magnetic principle. Something is pushing them out why something somewhere is attracting them in. All these decisions are made to make profits and you should take your time and read more to understand our points. The other man explains my point of view very well, yet you still misinterpreted it to downfall of other nations. 2 Likes |
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by Nobody: 3:18am On Dec 26, 2019 |
GenBuhari:I swear! Unlike that rotten meat seller claiming patriot 2 Likes 1 Share |
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by Biodun556(m): 3:27am On Dec 26, 2019 |
Lisaint: Lots of legal issues. Fayemi said |
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by Biodun556(m): 3:38am On Dec 26, 2019 |
Okoroawusa: Not only that. Ajaokuta is between Russian and Nigerian government. And it seems there are areas of disagreement delaying the project completion and take off. That should be the reason why they construct similar one in Kaduna. The president is his last visit to Russia reached agreement with Russian president to complete the remaining 2 % of the project. |
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by googi: 3:50am On Dec 26, 2019 |
You guys are making good points but I think most of you are too bullish on Nigeria's prospects. Some of us have been hearing these since Independence. The fact is all the Asian countries that were poorer than Nigeria, even without resources, are better off today. The same people that were painting rosy and El Dorado budgets have run Nigeria into the Poverty capital of the world. Some of you are preaching the same prospects. We are not holding our breath waiting for Nigeria to become fourth world. Nothing written here demonstrate Nigeria success. Those children waiting since Independence now have their own children. You want their children children to wait for empty prospects too? |
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by MondayOsunbor(m): 3:55am On Dec 26, 2019 |
Rossikk: zombie insipidus |
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by Rossikk(m): 4:47am On Dec 26, 2019 |
MD4PeaceIcon: Absolutely. Especially steel. Look, if we become self-sufficient in steel, especially flat sheet steel, that's our industrial revolution right there. Numerous companies will emerge to manufacture all sorts of products, from fridges to cars, ships, and airplanes. 1 Like |
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by Rossikk(m): 5:01am On Dec 26, 2019 |
samorobo: He's like these guys that go to Accra and then declare ''Ghana is better than Nigeria'', with none of them having ventured beyond the capital. They are like the baby in the Igbo proverb who, when asked to bathe himself, washes just his belly. |
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by otokx(m): 6:08am On Dec 26, 2019 |
Lisaint: What happened to Aladja? |
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by lexy2014: 7:25am On Dec 26, 2019 |
Olominira: Its not that u don't have time to answer. U do. All these u have said, which time did u use? There are questions I asked based on ur postulation about ageing population and debt. These are d questions: "What has been d youth population of Nigeria since 1960 compared to Japan, Germany & Norway that u are mentioning? Y is nigeria still not better than them? What has been Nigerias debt since 1960 compared to Japan, Norway and Germany? Y is Nigeria not yet better?" I thought u will use ur "economic principles" to answer these questions. U are talking about. Ford, Microsoft and Apple have moved to China. Its d same way several fashion companies have factories in Bangladesh. Of course, profit is d main motivating factor. So u still doesn't say why Nigeria will be better than Japan, Germany and Norway in d future |
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by hakeemhakeem(m): 7:31am On Dec 26, 2019 |
lonelydora: This is a private firm(fdi)do we stop them not to invest since we have ajaokuta |
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by lexy2014: 7:40am On Dec 26, 2019 |
samorobo: Let me take out a piece of your post and show u how little u made urself. That's y I said u didn't say anything of significant importance: "Abuja had phase 1 of her light rail completed last year and the second just got completed or almost completed...how many Nigerians have you seen praise this even if it is in their minds" How did u determine that Nigerians didnt praise d govt for completing this project? Why should people "praise" govt for doing its job? U talked about "not seeing Nigerians praising..." . how do u "see" Nigerians praising govt? How is it done? Do u have access to d minds of 200m nigerians that u no that they didnt "praise govt" for d light rail? Where does d praise take place? D light rails in SA and Ethiopia, did u "see" them praising their govts because of light rail? Also: "but if they travel to a neighbouring African country to see the same infastructure and it is absent in Nigeria , they still be the first people to criticize the govt for not putting such infastructures in places whilst a small African country have such...." But if Nigeria doesn't have such infrastructure that u talking about, how do u now want Nigeria to overcome d west? U talking about not having anything upstairs and with each post u make, u seem to give a good description of urself with insults. U have a weird way of personally demonstrating d characteristics of d insults u throw my way. What's wrong with criticism? If Nigeria lacks certain things and d people complain about it, what crime have they committed? Is d govt not meant to serve d people or do u think govt is there for itself? What's ur complain? I don't get it |
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by hakeemhakeem(m): 7:40am On Dec 26, 2019 |
Gee64: You don't tell investors where to put his capital when he didn't consults you as agent they might have done their business survey moreover may be Kaduna govt brings them in |
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by hakeemhakeem(m): 8:03am On Dec 26, 2019 |
And you think foreign investors we sites their firm in kd based on sentiment without looking at pros and cons Mandesz: |
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by lexy2014: 8:04am On Dec 26, 2019 |
samorobo: Was it after second world war that America devastated "a certain country" or was it during d second world war? I don't no where u got ur information from that d US was threatening countries with nuclear weapons after d second world war. If u want to give history lessons, stick to what u no. Don't start making things up. Look at this let's see how u are making excuses for underdevelopment and contradicting urself: "Japan, Singapore, South Korea are also resources-less countries, look where that are today and see where Nigeria and the rest of the super resource rich endowed continent of Africa is ..." Now if d countries u mentioned didn't use a lack of resources as an excuse, then why are u using d west as an excuse to justify d failings of Africa and then u say u want Africa to overtake d west? D only way ur theory will work is when d west falls which is what u are anticipating. As a guru textbook economist, its funny that u can't even imagine Africa being prosperous with d existence of a prosperous west. With such a mindset, how do u think Africa will make progress? And u say am ignorant. Seems my ignorance far outweighs all ur knowledge put together. According to u: "Wonder no more why US and China has been on a trade war over dominance on the continent of Africa..." Which "trade war over dominance on d continent of africa?" Which year be that? Is it with this Donald trump abi d one u read in a text book? What has their trade war got to do with Africa? How did d US threaten d EU after d second world war? Like i said b4, u have run out of things to say. Fullstop is now ur problem. Oga, debunk what I said about Rwanda and leave fullstop alone. So we can see that if your worry is about fullstop, it shows that u have actually "dumbed down" beyond my level on ur own without me needing to influence u. It comes natural for u |
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by hakeemhakeem(m): 8:10am On Dec 26, 2019 |
[quote author=Okoroawusa post=85215948] This is a private venture with government support. Ajaokuta is a government enterprise n way larger than this[/quot You reason well |
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by Olominira(m): 8:17am On Dec 26, 2019 |
lexy2014: I don't know your age but seems you don't comprehend easily. Let me point it out numerically; 1. Nearly all the sectors of their economies are well developed and at their peaks on the other hand, Nigeria has largely undeveloped sectors 2. They have old population while Nigeria on the other has young population. 3. They have big debts in trillions dollars despite their smaller and old population compare to Nigeria case; less than $100bn debt, 200 million and mostly young. 4. Size of Population and available resources. I think I make this clear enough. You can read my comments again to get detail explanation. |
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