Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,169,767 members, 7,875,928 topics. Date: Sunday, 30 June 2024 at 02:31 AM

How South East Lost Out In $93b Foreign Investments - Politics (6) - Nairaland

Nairaland Forum / Nairaland / General / Politics / How South East Lost Out In $93b Foreign Investments (29133 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)

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (Reply) (Go Down)

Re: How South East Lost Out In $93b Foreign Investments by ehinmowo: 6:43pm On Aug 12, 2020
tribalmall:
E no concern me if alaigbo rotten finish since it citizen are more concerned about Yorubaland than the own states.


Omoluabi ni e! You can't afford to condescend to the level some people are operating in.

That been said, The SW need more work done. The DAWN commission is a great initiative. And Àmòtékùn is a strong signal to investors that SW is a safer place to put their money.

However, we need to work more on developing the per Capital GDP of the region. Let's not begin to feel puffed up because of these statistics. We are far from where we need to be. The government of Ondo state needs to take advantage of the Atlantic and create a seaport. Osun and Ekiti needs to be more proactive. Isé l'ògùn ìsé!

5 Likes

Re: How South East Lost Out In $93b Foreign Investments by plaindealer: 6:46pm On Aug 12, 2020
rdokoye:


I know it's Yorubaland, that's why I said OUTSIDE LAGOS. Another obtuse individual.

Using Lagos, defeats the entire purpose of my argument. The vast majority of Yoruba people, live in those other 5 Yoruba states. That's what I'm trying to draw attention to. There's no infrastructure projects going on in Osogbo, for example.


Where majority Yoruba people live in the SW doesn't change the fact that Lagos is part of the SW and Yorubaland is home to Yoruba people from every corner of Yorubaland.

I don't know why ibo people love to throw Osun or Osogbo into every discussion to disparage Yoruba people when in fact the same Osogbo produced more infrastructures and is actually doing better than your entire region, even poverty is many times higher in the whole of your region than Osogbo. Ignorance is really a disease.

6 Likes

Re: How South East Lost Out In $93b Foreign Investments by BabaRamota1980: 6:47pm On Aug 12, 2020
rdokoye:


I know it's Yorubaland, that's why I said OUTSIDE LAGOS. Another obtuse individual.

Using Lagos, defeats the entire purpose of my argument. The vast majority of Yoruba people, live in those other 5 Yoruba states. That's what I'm trying to draw attention to. There's no infrastructure projects going on in Osogbo, for example.

What im telling you is Yoruba of Oshogbo is no different from Yoruba of Lagos.

5 Likes

Re: How South East Lost Out In $93b Foreign Investments by BabaRamota1980: 6:51pm On Aug 12, 2020
plaindealer:



Where majority Yoruba people live in the SW doesn't change the fact that Lagos is part of the SW and Yorubaland is home to Yoruba people from every corner of Yorubaland.

I don't know why ibo people love to throw Osun or Osogbo into every discussion to disparage Yoruba people when in fact the same Osogbo produced more infrastructures and is actually doing better than your entire region, even poverty is many times higher in the whole of your region than Osogbo. Ignorance is really a disease.



Our "Yoruba First" mindset gives them covid19.

1 Like

Re: How South East Lost Out In $93b Foreign Investments by Chimookigwe: 6:54pm On Aug 12, 2020
[s]
PROUDIGBO:


See this fool trying to give advice to a people better than him and his entire lineage! Ndigbo might just as well take advice from a deranged lunatic!

You lot have this sad obsession of comparing yourselves economically with Ndigbo, and once you feel ‘one Nigeria’ and its lopsided political-economy has yet again given you a edge over the ‘okoros’, you can go to bed and sleep soundly...safe in the knowledge that all is well, and your ethnicity is making the necessary socio-economic advances expected of it!

You need redemption mate, and it will start from you having the balls to identify with your true ethnicity instead of being a two-faced and shameless impostor!

‘One Nigeria’ is covering up a lot of inadequacies in this country! Imagine using its political-economy (that’s disproportionately favoured you from 1970 to date) to grab advantages for yourself over and above that available to Ndigbo, and then not having the shame to compare yourself with them....a region/group that’s that’s been brought into this ‘competition’ with one arm tied behind its back, while you have the freedom to use both arms!

If you had any sense of fair-play, you’d hang your head in shame!
[/s]

Even Shuna Ashebe did not type up to this before he started crying for a Nobel Prize.
When you are tired of typing worthless stories, you would go and carry headpan to pack the refuse at Aba and stop waiting for the others to clean your surroundings.
You are crying of marginalisation but tomorrow, you start making noise that you developed the whole world. Why don't you pick up a story and stick to it instead of showing diverse stupidity.

3 Likes

Re: How South East Lost Out In $93b Foreign Investments by salt1: 6:54pm On Aug 12, 2020
Chimookigwe:


Is that why Abia government can't clean an ordinary market in Abia?
While others have progress to show their children, it is only excuses and outdated pako furniture you are packaging for yours.

Exactly my feelings! What are the Igbo leaders doing with allocations and internally generated revenue?
Bunch of clowns! This is why I don't like politics and politicians
Re: How South East Lost Out In $93b Foreign Investments by Chimookigwe: 6:56pm On Aug 12, 2020
chibede:
with the funds from gala sales they buy your land and pay owo chairman

Why won't you pay Owo chairman? You wan die?
Your fathers paid owo Chairman, you are paying owo chairman and your children would pay owo Chairman.

The only time you would be free is when you are dead and we would kick out your corpse to Igboland for burial since that is the only thing your land is used for.

2 Likes

Re: How South East Lost Out In $93b Foreign Investments by totit: 6:57pm On Aug 12, 2020
Chimookigwe:
[s][/s]

Even Shuna Ashebe did not type up to this before he started crying for a Nobel Prize.
When you are tired of typing worthless stories, you would go and carry headpan to pack the refuse at Aba and stop waiting for the others to clean your surroundings.
You are crying of marginalisation but tomorrow, you start making noise that you developed the whole world. Why don't you pick up a story and stick to it instead of showing diverse stupidity.

OGM!!! cheesy
Re: How South East Lost Out In $93b Foreign Investments by blakkydikky(m): 7:00pm On Aug 12, 2020
totit:
Why investors shun region
• Low returns, poor infrastructure trigger apathy
• Investors attack governors
• We’re doing our best, govs’ forum insists




https://guardian.ng/news/how-south-east-lost-out-in-93b-foreign-investments/
oooookay! I can now see why these cursed tribe hate us.
Re: How South East Lost Out In $93b Foreign Investments by Nobody: 7:09pm On Aug 12, 2020
Omoluabi16:

Lagos is COMMERCIAL CAPITAL.. yet has no 'enabling environment'
Lagos attract investment because of her status ......And ogun state is a beneficiary because of close proximity



You ended up saying nothing but contradicting yourself.
E ma da yen loun. He was just contradicting himself allover the place. He even managed to garner 115 likes! That tells you how delusional those guys are. The question is how did Lagos (and the Yoruba's) build that status.

1 Like

Re: How South East Lost Out In $93b Foreign Investments by Sagay212: 7:10pm On Aug 12, 2020
Tinubu is the cause of all this. He is the one blocking foreign investors from going down to alaigbo to set up businesses. He is the one telling their governors not to build infrastructures and create enabling environment for investors.

But wait ooo...on a second thought shouldn't investors go to a land where 99% of the people are billionaires? Or maybe the billionaires already invested so much billions and then decide to run down SW to develop it as well.

Or maybe the investors are not going to the ipob fc republic because the poverty level is extreme and they know they ain't gonna make profit. Even ipob fc are running away from their region to the SW to do their business. cheesy cheesy
Empty bragging always ends up in shame and premium wailing

5 Likes

Re: How South East Lost Out In $93b Foreign Investments by RTSC: 7:10pm On Aug 12, 2020
PigTormentor:
Ok

All these analysis missed the real reason for lack of investment in the SE. Most Igbos with means to purchase these goods don't even live in the SE hence low return on investment. They mostly live in the SW and the North hence money will always go to where their is a good ROI. End of story.
This is also a factor.

It's s a vicious cycle.

At the same time it's not an excuse.

The east is dense enough as a viable market. There is enough money there especially when you consider its close proximity with the South South market.
The problem is that the investments are just not going there due to highly degraded infrastructure and poor economic planning.

Abia state is highly dense, highly commercial, but poorly structured.
A state like abia If organised infrastructurally has everything to compete with Lagos for investments.

Look at states like akwa ibom, a border state with abia, attracting serious investments.
They are not a very populous state, but they have done the basics and they are reaping the benefits.

5 Likes 1 Share

Re: How South East Lost Out In $93b Foreign Investments by RTSC: 7:16pm On Aug 12, 2020
When the next election cycle comes on, you will see the reason for the poor development in the East.

Catholic -Anglican politics will come in.

Party politics will come in.

Local govt politics will come in.

Even town politics will come in.

You cannot develop this way.

Lagos for all its faults follows the vision of one man who picks governors based on if they suit his vision, regardless of his/her local govt or even state of origin in yorubaland.

I don't like tinubu but his selection process is far advanced to what you have in the East.

2 Likes

Re: How South East Lost Out In $93b Foreign Investments by Omoluabi16(m): 7:16pm On Aug 12, 2020
Omoluabi9:
E ma da yen loun. He was just contradicting himself allover the place. He even managed to gather 115 likes! That tells you how delusional those guys are. The question is how did Lagos (and the Yoruba's) built that status.
Brother. I just tire. I wasn't even seeing it from the tribal angle. Its common sense that every mega city thrives because of an enabling environment,Else here won't be a top destination. Had to reread, and I could'nt figure what he was on about.

1 Like

Re: How South East Lost Out In $93b Foreign Investments by RTSC: 7:25pm On Aug 12, 2020
Akwa ibom is gradually becoming a southern powerhouse.

Does akwa ibom have better human capital than igbo?
No.

The difference is the selection process.

An Alex otti should not be losing to an ikpeazu in any election if the people in abia state care about devt.
Re: How South East Lost Out In $93b Foreign Investments by hisgrace090: 7:34pm On Aug 12, 2020
softeeg:
The local investment there is also investment


No man is an island to himself.
Re: How South East Lost Out In $93b Foreign Investments by iamjavadem(m): 7:46pm On Aug 12, 2020
So because Gokada business collapsed means Lagos is not a conducive environment for business? You are very funny, what about all the other successful businesses? The Gokada business was dead on arrival. No to business school and stop talking trash.
Maduawuchukwu:
From this article, even the North west attracted lesser investments than the Soutj East. Most of the investments coming into Nigeria ends up in the Lagos/Ogun axis. This is because of the Status of Lagos as Nigera's commercial capital and not as a result of any enabling environment put in place by the state governments. Lagos does not have an enabling environment for business. Look at how the LASG destroyed Gokada's business and is on track to hamper the operations of Uber and Bolt. Did the actions of the state Governement reflect one that consciously puts in place good government policies? Do all the harassment from touts and endless gridlocks reflect a government that is serious about promoting investments? Lagos attracts investment because of their status and not because of any State government policy. Ogun state is merely a beneficiary of proximity to Lagos.

2 Likes

Re: How South East Lost Out In $93b Foreign Investments by Nobody: 8:02pm On Aug 12, 2020
TheSparrow:
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.

1 Like

Re: How South East Lost Out In $93b Foreign Investments by OBJlive: 8:03pm On Aug 12, 2020
You are just economical with the truth.Your figures are incorrect and to be more specific this write-up is fake and your just an ethnic jingoist.Try another tactics

1 Like

Re: How South East Lost Out In $93b Foreign Investments by plaindealer: 8:08pm On Aug 12, 2020
nku5:
How can investors be attracted to the South East when you deliberately fail to build Federal Government infrastructure in the South East for four decades. Its not rocket science.



The usual blame game, how do you recognize your errors, take responsibility and draw up a plan to move forward and do better while you are you are handicapping yourself with the usual self pity, blaming other people and victim mentality.

Your leaders are part of the FG, they are also members of the Federal Executive Council (FEC) where they approve projects and money for projects, so going by your rant, your leaders in the SE deliberately fail to build Federal Government infrastructure in the South East for four decades.

BTW, what was ZIK doing in the Easter region when Awolowo was designing and building industrial estates in the Western region?

3 Likes

Re: How South East Lost Out In $93b Foreign Investments by superboyspecial: 8:08pm On Aug 12, 2020
Maduawuchukwu:
From this article, even the North west attracted lesser investments than the Soutj East. Most of the investments coming into Nigeria ends up in the Lagos/Ogun axis. This is because of the Status of Lagos as Nigera's commercial capital and not as a result of any enabling environment put in place by the state governments. Lagos does not have an enabling environment for business. Look at how the LASG destroyed Gokada's business and is on track to hamper the operations of Uber and Bolt. Did the actions of the state Governement reflect one that consciously puts in place good government policies? Do all the harassment from touts and endless gridlocks reflect a government that is serious about promoting investments? Lagos attracts investment because of their status and not because of any State government policy. Ogun state is merely a beneficiary of proximity to Lagos.

Reminds me about Causuality in Statistics... Lol
Re: How South East Lost Out In $93b Foreign Investments by Kingspin(m): 8:25pm On Aug 12, 2020
omazus:
This is eye opening. It is a pointer to the type of politics we play in SE, that is, the type of leaders we elect. SE believes so much that they can do everything for themselves and pay little attention to what can be gained from others. Unfortunately lazy leaders like this approach. It gives them opportunity to steal and live the people wallow in their self conceived omnipotence.
We elect? Who elected them? Go ask INEC first.
Re: How South East Lost Out In $93b Foreign Investments by LukasPodolski: 8:43pm On Aug 12, 2020
rdokoye:


I know it's Yorubaland, that's why I said OUTSIDE LAGOS. Another obtuse individual.

Using Lagos, defeats the entire purpose of my argument. The vast majority of Yoruba people, live in those other 5 Yoruba states. That's what I'm trying to draw attention to. There's no infrastructure projects going on in Osogbo, for example.

No state in SE can boost of 20-23hours power supply + Good Roads like Osun state.

not to mention of model schools.

all these are what makes a city livable.


the above was why the state went bankrupt, Aregbesola didn't cut his cloth According to his size.

there are lots of great companies/Establishments that went bankrupt, so the case of Osun state isn't new...

I can bet you haven't been to Osun state, but you were to quit to talk trash with filthy mouths.

"there is no infrastructure project going on in Osun" kill you there, how did you know this?

can any of your SE states boost of 10 universities ? go to Osun states and see People from 36states studying?

despite the predicament of the state, Osun still ranks better in Poverty index not only with NBS (you guys said it's Yemi kale stats) but with oxford.

2 Likes

Re: How South East Lost Out In $93b Foreign Investments by Kennydoc(m): 8:47pm On Aug 12, 2020
cocolacec:


Gokada biz,Uber and Bolt can move to other cities in Nigeria like Kano,Kaduna,Onitsha.Lagos is not the only city in Nigeria

Lagos has a population of nearly 20 million people trapped within less than 4000km² area. Any investor that wants to make money from his business will first consider Lagos or somewhere very close to it (Ogun).

My dear, you guys should stop making noise about this. Lagos has got the population so it will attract the investments. People make investments for profit. Even an Igbo man will first consider siting his investment in Lagos before Anambra for the same reason.

2 Likes

Re: How South East Lost Out In $93b Foreign Investments by Kingspin(m): 8:50pm On Aug 12, 2020
Chimookigwe:
Looking at the comments on this thread, I see why the South East has nothing to show.

25% of Igbos are blaming others, 20% are living in denial, 5% are sensible enough to shut up and the remaining 50% are busy hawking gala at Ojuelegba. They would be back in the evening to insult "Tilumbu".
Why I agree with some of the issues on the other hand many of them occur elsewhere not just the South East.

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (Reply)

Peter Obi Explains Why He Was Mentioned In Pandora Papers / LAGOS To Introduce Public Utility Levy (PUL) / Housing: Sanwo-Olu Flags Off Development Of Falomo Towers In Ikoyi

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 64
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.