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Nairaland Forum / Nairaland / General / Politics / Why Do The Igbos Refuse To Go Into Manufacturing? (6557 Views)
ICT: Umahi Urges Igbo Technologists To Go Into Manufacturing, Invest At Home. / Ict:gov Umahi Urges Igbo Technologist To Go Into Manufacturing, Invest At Home / "Nigeria Is Better Without The Igbos" - Alaba Ajibola, Babcock University Staff (2) (3) (4)
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Re: Why Do The Igbos Refuse To Go Into Manufacturing? by RedPanthar: 4:05pm On Dec 03, 2020 |
Aconomist: 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. 2 Likes |
Re: Why Do The Igbos Refuse To Go Into Manufacturing? by Aconomist: 4:06pm On Dec 03, 2020 |
BastardWike: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. 8 Likes 1 Share |
Re: Why Do The Igbos Refuse To Go Into Manufacturing? by RedPanthar: 4:08pm On Dec 03, 2020 |
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. 5 Likes |
Re: Why Do The Igbos Refuse To Go Into Manufacturing? by MadamExcellency: 4:08pm On Dec 03, 2020 |
RedPanthar: 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. 9 Likes |
Re: Why Do The Igbos Refuse To Go Into Manufacturing? by RedPanthar: 4:09pm On Dec 03, 2020 |
MadamExcellency: 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 5 Likes |
Re: Why Do The Igbos Refuse To Go Into Manufacturing? by Aconomist: 4:10pm On Dec 03, 2020 |
Igbochief001: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. 7 Likes |
Re: Why Do The Igbos Refuse To Go Into Manufacturing? by Nobody: 4:14pm On Dec 03, 2020 |
Aconomist: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 1 Like |
Re: Why Do The Igbos Refuse To Go Into Manufacturing? by Aconomist: 4:15pm On Dec 03, 2020 |
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. |
Re: Why Do The Igbos Refuse To Go Into Manufacturing? by MadamExcellency: 4:16pm On Dec 03, 2020 |
RedPanthar: 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. |
Re: Why Do The Igbos Refuse To Go Into Manufacturing? by RedPanthar: 4:16pm On Dec 03, 2020 |
Igbochief001: 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 4 Likes |
Re: Why Do The Igbos Refuse To Go Into Manufacturing? by Danzysb(m): 4:18pm On Dec 03, 2020 |
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? |
Re: Why Do The Igbos Refuse To Go Into Manufacturing? by RedPanthar: 4:20pm On Dec 03, 2020 |
Danzysb: Na so. Tell us popular abandoned brands that have their icons branded on their products. Until it's this way, that productivity is assumed |
Re: Why Do The Igbos Refuse To Go Into Manufacturing? by RedPanthar: 4:20pm On Dec 03, 2020 |
MadamExcellency: 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 |
Re: Why Do The Igbos Refuse To Go Into Manufacturing? by BastardWike: 4:21pm On Dec 03, 2020 |
Aconomist: 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? 4 Likes |
Re: Why Do The Igbos Refuse To Go Into Manufacturing? by Aconomist: 4:21pm On Dec 03, 2020 |
Igbochief001: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. |
Re: Why Do The Igbos Refuse To Go Into Manufacturing? by Aconomist: 4:22pm On Dec 03, 2020 |
BastardWike:You are making some good points here. Nigeria's multiple exchange rate policy is criminal. Buhari is dooming this country. |
Re: Why Do The Igbos Refuse To Go Into Manufacturing? by Nobody: 4:23pm On Dec 03, 2020 |
RedPanthar: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 1 Like |
Re: Why Do The Igbos Refuse To Go Into Manufacturing? by RedPanthar: 4:23pm On Dec 03, 2020 |
BastardWike: 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 2 Likes 1 Share |
Re: Why Do The Igbos Refuse To Go Into Manufacturing? by Aconomist: 4:25pm On Dec 03, 2020 |
RedPanthar: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. |
Re: Why Do The Igbos Refuse To Go Into Manufacturing? by RedPanthar: 4:26pm On Dec 03, 2020 |
Igbochief001: 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? |
Re: Why Do The Igbos Refuse To Go Into Manufacturing? by Aconomist: 4:27pm On Dec 03, 2020 |
RedPanthar:The majority of Chinese farms are still very primitive. They are a major food importer. |
Re: Why Do The Igbos Refuse To Go Into Manufacturing? by RedPanthar: 4:28pm On Dec 03, 2020 |
Aconomist: 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 2 Likes |
Re: Why Do The Igbos Refuse To Go Into Manufacturing? by Danzysb(m): 4:28pm On Dec 03, 2020 |
RedPanthar: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. |
Re: Why Do The Igbos Refuse To Go Into Manufacturing? by Nobody: 4:30pm On Dec 03, 2020 |
Aconomist: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 6 Likes |
Re: Why Do The Igbos Refuse To Go Into Manufacturing? by RedPanthar: 4:30pm On Dec 03, 2020 |
Aconomist: 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 1 Like |
Re: Why Do The Igbos Refuse To Go Into Manufacturing? by MadamExcellency: 4:31pm On Dec 03, 2020 |
RedPanthar: This is not about Small and Medium Scale Enterprises. We are talking of companies that can attract experienced brains and expatriates. |
Re: Why Do The Igbos Refuse To Go Into Manufacturing? by RedPanthar: 4:32pm On Dec 03, 2020 |
Danzysb: 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 3 Likes 1 Share |
Re: Why Do The Igbos Refuse To Go Into Manufacturing? by Nobody: 4:33pm On Dec 03, 2020 |
RedPanthar: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 1 Like |
Re: Why Do The Igbos Refuse To Go Into Manufacturing? by Aconomist: 4:33pm On Dec 03, 2020 |
RedPanthar: 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. 1 Like |
Re: Why Do The Igbos Refuse To Go Into Manufacturing? by RedPanthar: 4:36pm On Dec 03, 2020 |
MadamExcellency: 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 4 Likes 1 Share |
Re: Why Do The Igbos Refuse To Go Into Manufacturing? by cktheluckyman: 4:36pm On Dec 03, 2020 |
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 |
Re: Why Do The Igbos Refuse To Go Into Manufacturing? by ChoCho54(f): 4:37pm On Dec 03, 2020 |
Aconomist: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. 1 Like |
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