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Nairaland Forum / Nairaland / General / Politics / How South East Lost Out In $93b Foreign Investments (30187 Views)
South-East Lost N4trn In 2 Years To Sit-At-Home Order - Deputy Speaker, Ben Kalu / Rivers, Kano, Abia… 27 States Attracted Zero Foreign Investments In 2022 / APC Crisis: How Anti-Oshiomhole Governors Lost Out (2) (3) (4)
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Re: How South East Lost Out In $93b Foreign Investments by Simplyleo: 5:07pm On Aug 12, 2020 |
Chimookigwe: 10 Likes
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Re: How South East Lost Out In $93b Foreign Investments by TheSparrow: 5:08pm On Aug 12, 2020 |
There are several businesses you can start and run profitably in Nigeria. Below are four that readily comes to mind: 1. Rice Milling: One of the best businesses one can venture into in Nigeria today is parboiled rice production (Rice Milling). Nigerians currently consume over 5 million metric tons, which is equivalent to over 100 million 50Kg bags of rice annually. With the current population growth rate of Nigeria, the consumption of rice is estimated to reach about 35 million metric tons (700 million 50Kg bags) by the year 2050. There is high demand for rice in Nigeria. With a population of over 180 million people and an estimated national population growth rate of 5.7% per annum ,an average economic growth rate of 3.5% per annum in the past five {5} years, Nigeria has a large and growing market for rice. As it stands, the current producers of good quality rice in the country cannot even meet up to 50% of the current demand. This is the reason why the market is flooded with poorly produced and low quality rice. New entrants into the rice milling industry that can produce good quality parboiled rice will have an evergreen market waiting to be sold to. 2. Drinking Water Production: Another good business that does very well in Nigeria is drinking water production (Bottled water and Sachet Water). The growth of the middle class in Africa in general, and Nigeria to be specific, has led to a need for hygienically produced and well packaged food products like bottled water. The market for packaged water is high and cut across all parts of the country. With a population of over one hundred and eighty million (180,000,000) people, and an estimated national population growth is 5.7% per annum, Nigeria has a large and sustainable market for packaged water. 3. Poultry Farming: Poultry farming is yet another business that gives good returns on investment. Poultry farming has risen to become one of the most lucrative businesses in Nigeria today. This aspect of livestock farming, if set-up and managed properly, provides legitimate continuous income for entrepreneurs within a short period of time. There are over 160 million consumers in Nigeria and over one billion in Africa. This provides a large, growing and sustainable market for poultry farmers in Nigeria, and Africa in general. 4. Pounded Yam Flour Production: Pounded yam flour is another product that you can chose the invest in its production. Pounded yam is a popular delicacy produced from boiled yam tubers, and is consumed by many people across Africa. However, a lot of people, especially the middle class find it difficult to prepare pounded yam the traditional way which involves boiling yam, pounding it in a mortar using a piston, until it becomes a succulent dough. The growth of the middle class in Africa in general, and Nigeria to be specific, has led to a need for hygienically processed, easy to prepare and well packaged food products like yam flour. You can read more about these businesses via the links below: 1. Rice Milling Business In Nigeria 2. Bottled Water Production In Nigeria 3. Starting A Poultry Farming Business In Nigeria 4. Pounded Yam flour production in nigeria Wishing you all the best in your quest. 5 Likes 3 Shares |
Re: How South East Lost Out In $93b Foreign Investments by okpukpu(m): 5:11pm On Aug 12, 2020 |
How can South East perform well in FDI when federal government itself is so harsh to the region. Theres nothing that brings other Nigerian to the east. The only federal presence in the east is Prison. Still on still, i blame our leaders. 5 Likes 1 Share |
Re: How South East Lost Out In $93b Foreign Investments by QuotaSystem: 5:12pm On Aug 12, 2020 |
Omoluabi16: ![]() You guys really need to lower your expectations from these chest drumming people. 10 Likes |
Re: How South East Lost Out In $93b Foreign Investments by Olatomiwami(m): 5:12pm On Aug 12, 2020 |
BlowYourMind: Yeeeeee, they are coming for u, chanting Afonja, as if we are the one that looted their region dry, or we are ikpeazu that exchange their destiny with kerosene. 6 Likes |
Re: How South East Lost Out In $93b Foreign Investments by SmartPolician: 5:15pm On Aug 12, 2020 |
Sammy07: Akuko While all Igbos are not IPOB members, we Igbos understand that they fight for overall good of the tribe. 1 Like |
Re: How South East Lost Out In $93b Foreign Investments by obyrich(m): 5:19pm On Aug 12, 2020 |
Maduawuchukwu:Don't mind them. Ask anybody who is into diesel supply to telecom base stations in Nigeria, you must make extra provision for Omonile/area boys charges for each site you visit else no show. But no where in the South East do you have such nuisance. All investment coming to Nigeria lands in Lagos first before trickling down 5 Likes 1 Share |
Re: How South East Lost Out In $93b Foreign Investments by Sammy07: 5:19pm On Aug 12, 2020 |
SmartPolician: Obuko While Igbos are minding their business all over Nigeria no time for biafra or Death ![]() 8 Likes |
Re: How South East Lost Out In $93b Foreign Investments by Kestolove(m): 5:21pm On Aug 12, 2020 |
See wetin nnamdi kanu ND ipob cause |
Re: How South East Lost Out In $93b Foreign Investments by Angelfrost(m): 5:23pm On Aug 12, 2020 |
I honestly don't get what the fuss of our Eastern people here is all about... Who doesn't know South East is behind in terms of foreign investments??! Is that supposed to be hidden knowledge??!... When your region continues to condole poor leadership for so many years, what did you all expect??! When good roads, and simple basic infrastructure continue to be rocket science, how exactly do you expect to attract top businesses. Come to even think of it, how many Easterners are actually willing to invest in their home states??!... There are far more Igbo big business owners setting up businesses far from the East than there are Westerners and Northerners doing such far from home!!! I have said before, will keep saying it... IPOB, Ohaneze, APGA, etc, have got to call a conference, sit their 'wandering' asses down at a round table, and have a word with themselves! Other regions have left you people behind, and it isn't merely because you don't have one of your people in Aso Rock. As the Good Book clearly states: "His lord said unto him, Well done, good and faithful servant; thou hast been faithful over a few things, I will make thee ruler over many things: enter thou into the joy of thy lord." (Matt. 25:23) The entire Igbo nation has what it takes to transform their states and communities into the classic developmental hub that will be envied by all, and pull nations down there in droves to do business... They should join hands and start, instead of constantly pointing fingers, sharing blames, while ironically and paradoxically developing other regions. 8 Likes |
Re: How South East Lost Out In $93b Foreign Investments by nnamdi640: 5:25pm On Aug 12, 2020 |
BeLookingIDIOT:You are first yet your fellow Omoluabis are walking from busstop to busstop shouting 'Owo mi da' as if they gave someone their money to keep for them.... Again in education we are never the last. |
Re: How South East Lost Out In $93b Foreign Investments by maestroferddi: 5:26pm On Aug 12, 2020 |
kettykin:The NBS under Yemi Kale has one singular goal: to paint everything Igbo/South East in a negative light. Pata pata na 3 more years.... 1 Like |
Re: How South East Lost Out In $93b Foreign Investments by jurgyvideos: 5:27pm On Aug 12, 2020 |
Okay |
Re: How South East Lost Out In $93b Foreign Investments by Iceberg3: 5:28pm On Aug 12, 2020 |
IvarTheBoneless:What a HotoroMENTAL BAAAHAHAHAHAHAAAHAHAA. ![]() |
Re: How South East Lost Out In $93b Foreign Investments by Chimookigwe: 5:31pm On Aug 12, 2020 |
PigTormentor: It is very true. 4 Likes
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Re: How South East Lost Out In $93b Foreign Investments by maestroferddi: 5:31pm On Aug 12, 2020 |
Angelfrost:How will you know what is happening elsewhere when your world begins with Ogbomosho and ends at Agege? Go to Onitsha, Owerri and Abakaliki and see industrialization springing up like kilode despite the satanic marginalization of the region... No right-thinking Igboman takes lazy Nigerian journalism seriously. 1 Like |
Re: How South East Lost Out In $93b Foreign Investments by YADNUS11: 5:31pm On Aug 12, 2020 |
This is how Southeast will achieve Biafra. Igbos are the problem of themselves |
Re: How South East Lost Out In $93b Foreign Investments by OROSUNBOLB(m): 5:33pm On Aug 12, 2020 |
gwafaeziokwu: You have taken it personal already ! The report was not intended to ridicule or embarrass any region or people rather,to highlight some of the obstacles to FDI with a view to addressing it. So why taking it so personal ? Come to think of it,what makes you think that S E or Igbo will lead if local investments report is generated and published ? Aliko Dangote is not an Igbo man after all so what's the noise about ? Chill man and stop seeing everything as competition through your myopic tribal lens; it's petty ! 3 Likes |
Re: How South East Lost Out In $93b Foreign Investments by Jman24(m): 5:35pm On Aug 12, 2020 |
Omoluabi16: So can we safely say it is the powers that be that let the status quo remain? Anytime I find a reason to doubt marginalization of South east region, some funny article give me another reason to rethink. Blacks are their own problem! |
Re: How South East Lost Out In $93b Foreign Investments by rdokoye: 5:38pm On Aug 12, 2020 |
totit: I said in the other 5 Yoruba states. Show me the equivalent. Everyone invests in Lagos, how big is Dangote's investment? Billions. 1 Like |
Re: How South East Lost Out In $93b Foreign Investments by rdokoye: 5:39pm On Aug 12, 2020 |
PigTormentor: The study isn't on investments, it's on FOREIGN investments. Non-Nigerians investing in Nigeria. |
Re: How South East Lost Out In $93b Foreign Investments by sparko1(m): 5:41pm On Aug 12, 2020 |
nedu666: Growth! How hard is that? Growth over the specified years. |
Re: How South East Lost Out In $93b Foreign Investments by Nobody: 5:41pm On Aug 12, 2020 |
All the efforts of M.I Okpara and Sam Mbakwe were destroyed by successive South East Politicians. Aba was the most industrialized in the region, companies like IEA, Unilever, Aba textile Mills, International Glass Industry, Nigerian Breweries had either left before temporarily or permanently shut down. Guineas and Paterson Zochonis (PZ Cussons) are on the brink of leaving. No access road to take out their products. Fools have been in power since and one is already campaigning for Presidency. Chineke ga ata ha nile mekashiri Aba ezigbo ahuhu. 7 Likes |
Re: How South East Lost Out In $93b Foreign Investments by NaMeAboki: 5:43pm On Aug 12, 2020 |
Let's see if they can blame Buhari for this. Anyway, who would to risk his investment in a region that thrives on hate? 1 Like |
Re: How South East Lost Out In $93b Foreign Investments by Jman24(m): 5:44pm On Aug 12, 2020 |
South east poor South east need help , south east small in land mass, south east big but the big part is a jungle, south east kidnappers, same southeast not utilizing the peace in the region Who did this to black people? |
Re: How South East Lost Out In $93b Foreign Investments by rdokoye: 5:46pm On Aug 12, 2020 |
kristmalachy: [b]Anambra Attracts $4 Billion Investments in Two Years The Governor Willie Obiano-led administration in Anambra State, says it has attracted over $4 billion investments into the State in two years. That was in 2015 to 2016. |
Re: How South East Lost Out In $93b Foreign Investments by mmsen: 5:47pm On Aug 12, 2020 |
Coldie: Are the eastern leaders any different from the eastern youth? 1 Like |
Re: How South East Lost Out In $93b Foreign Investments by totit: 5:48pm On Aug 12, 2020 |
rdokoye: I guess you didn't understand the words ' local investor ' lool ![]() You may as well check the real estate built by Oyedepo....its almost the size of the whole abakaliki ![]() 8 Likes |
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