Aconomist:
What does a tomato paste factory desperately need FOREX for? If ERISCO was a serious company, he would be sourcing his raw materials in country to avoid that problem or do like Dangote is doing and vertically integrate -- IE cultivate his own tomato farm. ERISCO was not serious. He wanted that FOREX to continue brainless importation.

Let them be making excuses


Let me mark out tomato production. First he Farms and. Cultivates the 1000 acres and sell. The first year's produce and use the profit to buy imports. Tomato paste production doesn't require much. I'm an industrial chemist thank God



They need machines to bleach..... Mixing machines and chemicals for mixing and additive preservatives, extracting seeds, package. Nitrogen and the likes added for preservatives


WHY did EPISCOPI not hire experts? They are not as smart as they clamied


Bua group wanted to establish refinery in akwa I on, they went to French engineering group to design everything start to finish pay for it and they get their production outfit simple.

BastardWike:


I have already explained the reason why Igbos as capitalists would rather import than produce when it is far more profitable to do the former.

Buying lands is never a brainless thing to do, that's coming from a position of ignorance. In today's Nigeria, buying lands as a way of hedging funds is arguebly the most profitable and guaranteed way of keeping your money above inflation.

Go and ask those billionaires that kept their money in banks or invested in some areas only to have their fingers burnt. However, lands never depreciate but keeps appreciating against inflationary pressures.

If the Igbo's only business strategy is to brainlessly import and plough funds into real estate, they will stagnate Nigeria. What if Dangote thought the way you are thinking? Would he be the richest man in Africa?

Importation is just fast money and land is just lazy money. Real wealth comes from value-added manufacturing.

Importation equates fast money

Land buying and development is aimless and ambition less investment


Real value is manufacturing. Simple


Not brainless importation. If Nigeria knew how easy it is to produce many machines we import, I swear we would never import.


Simple Google up on Fridge Production will reveal how easy making a refrigerator is and can be done.

RedPanthar:





Lol. Madam. I'm setting up 300 acres o. Calm yourself down. I know you're an engineer. You may not know me but I changed my. Moniker and know you.


Mind you. I was JETS level chemistry and physics expert at my last academia level
I stand by my verdict


On paper I have 200 industries and have started with the first 3. I nor announce am. It's slow by funds but I'm not making excuses. Stop making excuses.

Don't misunderstand my point.

Setting up industries go beyond buildings and starting production.

There are other political dimensions such as tax break, import, waivers, subvention, Legislative supports and a lot more.

If you want to survive, the political aspect of manufacturing is non avoidable.

MadamExcellency:


Don't misunderstand my point.

Setting up industries go beyond buildings and starting production.

There are other political dimensions such as tax break, import weivers, subvention, Legislative supports and a lot more.

If you want to survive, the political aspect of manufacturing is non avoidable.

I'm also a versed Macro economist. It goes down to business model and blueprint which I've been talking about. Let me share one of my secret business models


I want to setup yoghurt, milk, cheese, ice cream production outfit. To get the right amount of cows I know I need to have like 5000 cows in intensive breeding system. Rather than cry over forex, I'm going into 200 acres maize production first for some years produce the feed Base of the industry and then cut down production costs and build up from there up to milk production. You understand yourself as an engineer that all of these involves skillfully management of value chain system and then build up the industry.



Episcopi and the likes ought to within available productive ability produce what it can, and from its profit expand.


Simple


If it's productive economics I'm a by God's grace a person with some level of understanding. Whatever bottle necks that exists can be out maneuvered with careful. Planning


If you think say na like come and let me gist you of bottle necks I face in my outfit setup. Does it mean we whine and cry. No!


Excessive cry for forex still goes back to what we're talking about. The spirit of excessive importation.


We must do what we can within the resources we have. And from the proceeds we can buy all the things we need to fully get established. Simple

Igbochief001:

Yes igbo man likes to do his things alone and not involve politics

Nigeria is the only country where it's easy to import finished products that raw materials

The only country where it's far easier to import that export ...

This are the main things fueling the Biafra dream

What will be different in Biafra? Importing brings poverty, unemployment, and failure. A nation of importers will never grow. Over-investing in real estate makes the problem even worse because it drives up the cost of living, which drives up the cost of labor, which drives up the cost of production.

Aconomist:
What will be different in Biafra? Importing brings poverty, unemployment, and failure. A nation of importers will never grow. Over-investing in real estate makes the problem even worse because it drives up the cost of living, which drives up the cost of labor, which drives up the cost of production.

You are an economist and u think importing created poverty ?

Lmao

First it depends on what u import , biafra would allow complete important of raw materials and smooth export of goods we have comparative advantage of

Rice should not be more than 12k ...but today I are buying it's 40k

Igbos are not scared of global producers ...not at all to no protection policy would be in place at least not like Nigeria

The Federal government is not stopping Ibeto from manufacturing cement, he simply doesn't want to do it because importing is easier. No Igbo business man is participating in Nigeria's sugar master plan either. So next sugar will be monopolized by Fulani. 20 years from now Fulani will control every industry in Nigeria.

RedPanthar:




I'm also a versed Macro economist. It goes down to business model and blueprint which I've been talking about. Let me share one of my secret business models


I want to setup yoghurt, milk, cheese, ice cream production outfit. To get the right amount of cows I know I need to have like 5000 cows in intensive breeding system. Rather than cry over forex, I'm going into 200 acres maize production first for some years produce the feed Base of the industry and then cut down production costs and build up from there up to milk production. You understand yourself as an engineer that all of these involves skillfully management of value chain system and then build up the industry.



Episcopi and the likes ought to within available productive ability produce what it can, and from its profit expand.


Simple

I am talking about politics as it affects siting of manufacturing industries in Nigeria with over 20 years experience and you're here talking about academic paper and research works.

Whatever. I am done.

For now the system is not favourable.

Igbochief001:

You are an economist and u think importing created poverty ?

Lmao

First it depends on what u import , biafra would allow complete important of raw materials and smooth export of goods we have comparative advantage of

Rice should not be more than 12k ...but today I are buying it's 40k

Igbos are not scared of global producers ...not at all to no protection policy would be in place at least not like Nigeria

Okay. Stop passing wrong information abeg you


I was an importer and imported atleast 1000 shipments into the country before I left the market due to Chinese. I know mega boys then top that Chinese chased out of the marker.


Germany is crying against China. US is crying too whom are you? China is killing fair trade and everyone is affected. If you like keep deluding your self



When you're producing rice at 15k per bag. How much will you sell. Now because of innovation, China uses extremely high tech innovation to produce more and faster, Uses improved varieties that even mature faster. Processes faster and cheaper thanks to its steady electricity and you want to beat it by wishing. Continue dreaming

Biafra must be ready to have


Steady nuclear electricity. Distribute it freely. Offer companies no tax productivity, not charged for transportation and even at this and using Biotechnology, you won't beat your global competitors because you can't control the entire vertical and horizontal of global trade


Calm. Down on the Biafra greatness abeg you

Do you know that Aba made products made by Igbo Abia people are indigenous made products and are exported to African countries and even to Europe?
Innoson cars are 70 percent indigenous spare parts from nnewi is used to manufacture it,and us an indigenous manufacturing firm,you should remember Ben Murray Bruce saying they should buy from him and not throwing money to buy only foreign cars,so that they could invest in the Nigerian economy?

Danzysb:
Do you know that Aba made products made by Igbo Abia people are indigenous made products and are exported to African countries and even to Europe?
Innoson cars are 70 percent indigenous spare parts from nnewi is used to manufacture it,and us an indigenous manufacturing firm,you should remember Ben Murray Bruce saying they should buy from him and not throwing money to buy only foreign cars,so that they could invest in the Nigerian economy?

Na so. Tell us popular abandoned brands that have their icons branded on their products. Until it's this way, that productivity is assumed

MadamExcellency:


I am talking about politics as it affects siting of manufacturing industries in Nigeria with over 20 years experience and you're here talking about academic paper and research works.

Whatever. I am done.

For now the system is not favourable.

You don't get. Do you? Chai


No worry. I go capture two commodities next year. Na my dream 2021/2022 to fully capture two commodities market. I go find you. I've told you this last year. Or earlier this year, I'm repeating it again now.



All cabalistic policies can be outwitted. All

Aconomist:
What does a tomato paste factory desperately need FOREX for? If ERISCO was a serious company, he would be sourcing his raw materials in Nigeria to avoid that problem or do like Dangote is doing and vertically integrate by cultivating his own tomato farm.

ERISCO was not serious. He wanted that FOREX to continue brainless importation.

Do you know how difficult it is to run a production firm in Nigeria? Dangote would get as much forex as he needs the very minute he needs it, it's just a phone call away! Yet he tried his hands in running tomato paste production facility and it closed down before he even started!

Dangote is not a super businessman and neither is he doing anything extraordinary. The North is using Dangote to corner a chunk of Nigeria's economy and that is why the government will always go out of its way to support them.

If you can't source forex from CBN to import raw materials and equipment, how would you be able to stay in business? Or you expect them to source from roadside abo.ki, then who would touch their finished goods that would end up three times the price of a Chinese imported equivalent?

Igbochief001:

You are an economist and u think importing created poverty ?

Lmao

First it depends on what u import , biafra would allow complete important of raw materials and smooth export of goods we have comparative advantage of

Rice should not be more than 12k ...but today I are buying it's 40k

Igbos are not scared of global producers ...not at all to no protection policy would be in place at least not like Nigeria

I support the Federal Government's import substitution policy 100%. Importing products that can be produced in Nigeria is creating poverty. We have the same climate as brazil and India, so why should be buying rice from them instead of growing it ourselves? It's brainless.

Rice is not a raw material -- it is a finished good.

BastardWike:


Do you know how difficult it is to run a production firm in Nigeria? Dangote would get as much forex as he needs the very minute he needs it, it's just a phone call away! Yet he tried his hands in running tomato paste production facility and it closed down before he even started!

Dangote is not a super businessman and neither is he doing anything extraordinary. The North is using Dangote to corner a chunk of Nigeria's economy and that is why the government will always go out of its way to support them.

If you can't source forex from CBN to import raw materials and equipment, how would you be able to stay in business? Or you expect them to source from roadside abo.ki, then who would touch their finished goods that would end up three times the price of a Chinese imported equivalent?

You are making some good points here. Nigeria's multiple exchange rate policy is criminal. Buhari is dooming this country.

RedPanthar:




Okay. Stop passing wrong information abeg you


I was an importer and imported atleast 1000 shipments into the country before I left the market due to Chinese. I know mega boys then top that Chinese chased out of the marker.


Germany is crying against China. US is crying too whom are you? China is killing fair trade and everyone is affected. If you like keep deluding your self



When you're producing rice at 15k per bag. How much will you sell. Now because of innovation, China uses extremely high tech innovation to produce more and faster, Uses improved varieties that even mature faster. Processes faster and cheaper thanks to its steady electricity and you want to beat it by wishing. Continue dreaminh

China doesn't really have access to high tech they only have cheap labor and average tech

Today companies are leaving china for vietnam and thailand because china is getting developed and labour is becoming expensive coupled with china's under population issues

Rice can he 12k even if we produce at world average ....Nigeria farms gets 2 tons of rice per hectare while world average is around 6 ... thailand is around 10 and they farm 3 times a year we farm once

So once hectare gives u 300 bags of rice or 500 bags of rice if we have the right seeds ...if we farm twice that's 1000 bags from A football field in one year ...it can go for 5000 and they would still make mad profit

BastardWike:


Do you know how difficult it is to run a production firm in Nigeria? Dangote would get as much forex as he needs the very minute he needs it, it's just a phone call away! Yet he tried his hands in running tomato paste production facility and it closed down before he even started!

Dangote is not a super businessman and neither is he doing anything extraordinary. The North is using Dangote to corner a chunk of Nigeria's economy and that is why the government will always go out of its way to support them.

If you can't source forex from CBN to import raw materials and equipment, how would you be able to stay in business? Or you expect them to source from roadside abo.ki, then who would touch their finished goods that would end up three times the price of a Chinese imported equivalent?

Story for the gods. Lies



Forex can be gotten even if one needs 1 Billion dollars. The issue is the price the aboki in the north gets it is different from the man from the south. Hedge the cost of forex surplus against post-production products and do what needs to be done. Simple

RedPanthar:





Story for the gods. Lies



Forex can be gotten even if one needs 1 Billion dollars. The issue is the price the aboki in the north gets it is different from the man from the south. Hedge the cost of forex surplus against post-production products and do what needs to be done. Simple

Are you saying the Abokis have access to dollars at the CBN rate? If that is the case, it's time for civil war 2 in Nigeria.

Igbochief001:

China doesn't really have access to high tech they only have cheap labor and average tech

Today companies are leaving china for vietnam and thailand because china is getting developed and labour is becoming expensive coupled with china's under population issues

Rice can he 12k even if we produce at world average ....Nigeria farms gets 2 tons of rice per hectare while world average is around 6 ... thailand is around 10 and they farm 3 times a year we farm once

So once hectare gives u 300 bags of rice or 500 bags of rice if we have the right seeds ...if we farm twice that's 1000 bags from A football field in one year ...it can go for 5000 and they would still make mad profit

Lol. You try but nah. As average as Chinese tech is you can't beat it using crude Nigerian method. Example. I bought a Chinese equipment that will take 10 Laborers 2 months to do. With the equipment and just one person I can have it done in 6 weeks.


If it's tech for productive advantage, abeg China isn't Nigerians mate abeg you. Nor be hoe una dey take dig yams.?


Should I show you videos of Chinese fabricated equipments that can uproot and harvest 100,000 yams perfectly?

RedPanthar:




Lol. You try but nah. As average as Chinese tech is you can't beat it using crude Nigerian method. Example. I bought a Chinese equipment that will take 10 Laborers 2 months to do. With the equipment and just one person I can have it done in 6 weeks.


If it's tech for productive advantage, abeg China isn't Nigerians mate abeg you. Nor be hoe una dey take dig yams.?


Should I show you videos of Chinese fabricated equipments that can uproot and harvest 100,000 yams perfectly?

The majority of Chinese farms are still very primitive. They are a major food importer.

Aconomist:
Are you saying the Abokis have access to dollars at the CBN rate? If that is the case, it's time for civil war 2 in Nigeria.

Northern have back doors to everything. What civil war. Yoruba don't listen



70% of the oil. Importers at a time who would get special contracts were usually from where?


What educated people don't have access to, they get the right. Bring in a southern expert on 80/20 or 70/30. That's how the entire country is wired. Yoruba don't listen. Yoruba are the reason Nigeria is the way it is. Let me not open this book here abeg. My prayer is one day they will have sense

RedPanthar:



Na so. Tell us popular abandoned brands that have their icons branded on their products. Until it's this way, that productivity is assumed

I believe you mean innoson,well I don't know why they allowed that brand on innoson motors,but what I know(I can prove by links) is that innoson motors parts are 70% indigenous the other 30% is probably from China,Japan etc...
Plus go Nnewi and see products upon products produced indigenous,this Nnewi has so many billionaires too.

Aconomist:
I support the Federal Government's import substitution policy 100%. Importing products that can be produced in Nigeria is creating poverty. We have the same climate as brazil and India, so why should be buying rice from them instead of growing it ourselves? It's brainless.

Rice is not a raw material -- it is a finished good.

U can produce rice but do u have the comparative advantage to produce rice ? ...I'm not saying the government is wrong but they haven't put the right facility in place to make it work

A rice farmer in Nigeria plants once and gets 2 tons of rice from one hectare if all goes well

In china they can produce 10 tons per hectare and plant 3 times a year due to irrigation facility and improved seeds

It cost us $300 to get 2 tons
While ur cost say china $500 to get 10 tons

So until we get the right seeds we should not ban import .. developing seeds is expensive

1) we can allow rice import and 50% tax ...that would crash rice price to around 18k ....the extra 6k would be used to develop seeds

2) within 5 years we can produce 6 tons to 8 tons a hectare. .if we give this to our farmers ...they would naturally be able to sale below 10k and still make loads of profit ... importation would die natural death


Now that's why import substitution is made sir

Aconomist:
The majority of Chinese farms are still very primitive. They are a major food importer.

Lol. You think?


I have 70,000 pages researched documents on productivity on variety of things. Nigeria isn't China's mate I dare to say. China's primitiveness far outclasses whatever Nigeria is capable off for now


More than Half of the tokunbo of machine imports of Nigeria machine markets is from Asia. This are the people you say we're better than. If Chinese technol isn't backing Dangote up, Dangote go fold up. I swear down. He can never afford Western produced trucks and remain in comfortable play

RedPanthar:




You don't get. Do you? Chai


No worry. I go capture two commodities next year. Na my dream 2021/2022 to fully capture two commodities market. I go find you. I've told you this last year. Or earlier this year, I'm repeating it again now.



All cabalistic policies can be outwitted. All

This is not about Small and Medium Scale Enterprises. We are talking of companies that can attract experienced brains and expatriates.

Danzysb:

I believe you mean innoson,well I don't know why they allowed that brand on innoson motors,but what I know(I can prove by links) is that innoson motors parts are 70% indigenous the other 30% is probably from China,Japan etc...
Plus go Nnewi and see products upon products produced indigenous,this Nnewi has so many billionaires too.

Lol my dear let's leave story. There's no automobile manufacturer in the world. That doesn't import it's parts

Even makers like chrysler imports up to 70% of it'd components. Innoson has done well and should be celebrated abeg

RedPanthar:




Lol. You try but nah. As average as Chinese tech is you can't beat it using crude Nigerian method. Example. I bought a Chinese equipment that will take 10 Laborers 2 months to do. With the equipment and just one person I can have it done in 6 weeks.


If it's tech for productive advantage, abeg China isn't Nigerians mate abeg you. Nor be hoe una dey take dig yams.?


Should I show you videos of Chinese fabricated equipments that can uproot and harvest 100,000 yams perfectly?

Tech is easy to develop today simple backwards engineering can do that that's not the issue

Our issues is mostly focusing on areas we don't have comparative advantage

If biafra was independent ...we would be supplying africa guns n bullet that's a multi billion dollars industry and no matter water we import our difference would be positive , same can go for cloths , and electrical and metal works

China is the world largest steel producer yet imports iron ore

RedPanthar:

Lol. You think?


I have 70,000 pages researched documents on productivity on variety of things. Nigeria isn't China's mate I dare to say. China's primitiveness far outclasses whatever Nigeria is capable off for now


More than Half of the tokunbo of machine imports of Nigeria machine markets is from Asia. This are the people you say we're better than. If Chinese technol isn't backing Dangote up, Dangote go fold up. I swear down. He can never afford Western produced trucks and remain in comfortable play

Chinese agriculture is primitive compared to the west. Europe can average 400 tons per hectare in tomatoes, China can get maybe 40 while we get 4.

MadamExcellency:


This is not about Small and Medium Scale Enterprises. We are talking of companies that can attract experienced brains and expertraits.

Madam. Check what I said up. I have 70,000 research work. I can produce virtually 100 commodities and in agricultural ventures atleast 40 products. I can expand it and produce on pretty much industrial scale. It's my dream. I'm building it phase by phase. Let's us all do the same and stop making excuses. The bigger the better




Do you know that if ERISCO had farmed it's 1000 acres of tomato land, it could have made 500 Million if an acres produce sells for just 50,000 Naira


Tell me anything I'll give you a road map of how to produce it on massive scale and impact the society. Africa keeps making excuses let's leave all these tales abeg


I repeat I dey build my brand. You go hear without knowing me in person


I rather die than leave milk. Industry to the few companies the FG is giving it's dodgy license to monopolise. God gave us brains, let's use it

I don't want to hear excuses today. It is very alarming that, among the Nigerian billionaires, none are Igbo

This is page 2 and how come no one addressed this fallacy? is Orji Uzor Kalu not a Billionaire in US dollars which I assume is what you are referring to

Aconomist:
That's true. I've seen it. But, there are very few Igbo businessmen manufacturing on an industrial scale like Dangote and BUA Group are doing.

I don't know how old you are when Obj was playing politics with these cement guys. It caused a lot of bad blood then. The result is that dangote has an edge and enjoys a near Monopoly.

If you were a teenager in the 80s, you would have heard a lot about "Igbo made" this and that.

The Igbo ingenuity was killed by bad leadership. The environment is very hostile. The ones still manufacturing didn't have adequate government funding. This killed the manufacturing industry and eradicated class of middlemen in the society. You are either rich or poor.

However, today, go to Aba, Onitsha and Nnewi and see industrial activities going on.

Igbos own a lot of factories in Lagos, Ogun, kano, kebbi, kaduna.
It's on record that Nigeria made cable wires are better than the imported. They are made in Nnewi!!

I won't bother you any further seeing you posted from the point of wilful ignorance.