ebufa:


You obviously do not know Nigeria well..................have you been to Aba,Nnewi or even kano....let us not talk of Lagos, Nigerians can build,assemble or fabricate stuff...........problem has always been Capital formation and financing,that is even on the production side of things............how about effective demand and consumption.........have we bothered to develop a truly robust National Identification system or a credit history system? This is the under development we talk about...not just the lack of infrastructure!

LikeAking:
This is pure capitalism, not industrialization.

True industrialization is when the masses can easily build or play a very important role in the industrialization process and also benefit financially.

In summary, true industrialization will enable the masses make real man money directly.

This project will only make the rich richer.

No be today govt don dey promise refinery.

lexy2014:


Meaning that you can't negate a single thing he said

Kobonaire4:


1.I doubt you would say this if you were the one financing and constructing the project.

2.No businessman goes into business with the aim of benefitting the masses financially...they go into the business with the aim of benefitting themselves, their shareholders, their families and themselves, and themselves. (Yes, I said it three times). Even their workers...they are paid to bring in more profit for themselves.

3.What you are asking for has been tried before...in most Communist countries...and at the end, the projects failed. There is no such thing as masses taking part in building a project that can benefit them. At the end of the day, the masses would want to buy stuff from the same industries fior cheap...and this leads to crap products which lead to more mess...because the masses won't pay the prices needed for any'people's company' to function profitably....and this leads to point no 4...

4.Capitaliism works because it guarantees a profit....which is used to pay for new improvements and new investments. Most of the consumer stuff we use...computers, phones, etc....were made possible by capitalist profits. Yes, we use computers that work better than the ones we had five years ago because greedy capitalists paid for more improvements to improve their profits.

That's why by the 1970's capitalist countries were far ahead of the communist countries...to a point where many communist countries could not catch up.

5.But you can still benefit from capitalsim...when the company starts sellingshares....BUY THEM.



At the end of the day, your ideas can never work because, unfortunately....people are greedy, and people love to be paid. If we built a masses company to build cars....you think the masses would be willing to pay N10 million for a car like the RAV 4 from that factory...no they will insist on paying N100000, for a people's car, and the company would end up making crap cars, for the masses, or lose so much money that it would close down, then we can blame the 'imperialists'.

Reference:


You have a serious point, a critical one that most Nigerians have never heard of and our leaders know next to zero about.
A nation does not become wealthy by contracting big budget 'infrastructure'.
All the roads, bridges and rail lines by themselves create nothing, but are mere tools to enhance an already productive people.

Even the so called mythical saying in these parts that 'providing 24 hours electricity will guarantee development' is just that because power in development is a factor of production. Power on its own does not produce anything and to an unproductive nation it then becomes an expensive burden.

LikeAking:
This is pure capitalism, not industrialization.

True industrialization is when the masses can easily build or play a very important role in the industrialization process and also benefit financially.

In summary, true industrialization will enable the masses make real man money directly.

This project will only make the rich richer.

No be today govt don dey promise refinery.

LikeAking:
This is pure capitalism, not industrialization.

True industrialization is when the masses can easily build or play a very important role in the industrialization process and also benefit financially.

In summary, true industrialization will enable the masses make real man money directly.

This project will only make the rich richer.

No be today govt don dey promise refinery.

rolexino:
At least he build one. For how many years now...

Has your Nigeria government been able to built one?

maxzzo1:
From d pic all i see is a drilling rig(land rig) all d same good luck

Parachoko:
Lovely




I wander why lovely projects like this were not done under the PDP between 1999 and 2015.

The people of the South South will reward the APC and Asiwaju with massive votes in the Presidential Election.

Hunchogee:
Ibom Petrochemical, refinery, and exploration yard ongoing at 70% completed at the Atabrikang Island .. Eastern Obolo LGA , Akwa Ibom state.
Dey play 🚶Eastern Obolo will soon get your attention...
This place is amazing.
May God bless Udom Emmanuel…

https://twitter.com/davidmosesekpe2/status/1624754181419433985?s=46&t=YrSf3LArodKvzZlbslDrPw

Mightymanna:
With BUA refinery coming in place, Akwa Ibom is poised for Industrialization

9jahotblog:
Udom Emmanuel is a goal. Udom Emmanuel will surely win in landslide victories for Atiku Abubakar in the election. Atiku Abubakar wins February 25th presidential poll

rolexino:
At least he build one. For how many years now...

Has your Nigeria government been able to built one?

LikeAking:
This is pure capitalism, not industrialization.

True industrialization is when the masses can easily build or play a very important role in the industrialization process and also benefit financially.

In summary, true industrialization will enable the masses make real man money directly.

This project will only make the rich richer.

No be today govt don dey promise refinery.

Parachoko:
Lovely




I wander why lovely projects like this were not done under the PDP between 1999 and 2015.

The people of the South South will reward the APC and Asiwaju with massive votes in the Presidential Election.

Kobonaire4:


1.I doubt you would say this if you were the one financing and constructing the project.

2.No businessman goes into business with the aim of benefitting the masses financially...they go into the business with the aim of benefitting themselves, their shareholders, their families and themselves, and themselves. (Yes, I said it three times). Even their workers...they are paid to bring in more profit for themselves.

3.What you are asking for has been tried before...in most Communist countries...and at the end, the projects failed. There is no such thing as masses taking part in building a project that can benefit them. At the end of the day, the masses would want to buy stuff from the same industries fior cheap...and this leads to crap products which lead to more mess...because the masses won't pay the prices needed for any'people's company' to function profitably....and this leads to point no 4...

4.Capitaliism works because it guarantees a profit....which is used to pay for new improvements and new investments. Most of the consumer stuff we use...computers, phones, etc....were made possible by capitalist profits. Yes, we use computers that work better than the ones we had five years ago because greedy capitalists paid for more improvements to improve their profits.

That's why by the 1970's capitalist countries were far ahead of the communist countries...to a point where many communist countries could not catch up.

5.But you can still benefit from capitalsim...when the company starts sellingshares....BUY THEM.



At the end of the day, your ideas can never work because, unfortunately....people are greedy, and people love to be paid. If we built a masses company to build cars....you think the masses would be willing to pay N10 million for a car like the RAV 4 from that factory...no they will insist on paying N100000, for a people's car, and the company would end up making crap cars, for the masses, or lose so much money that it would close down, then we can blame the 'imperialists'.

LikeAking:



They have made you feel when they employ people and give pay peanuts they are doing them a favour.

They steal from millions of people, in return the employ 1k-5k people. Is that progress?

How come the poverty rate is so high despite the presence of capitalist businesses?

As you can see not that am praising the politicians.

But,At your own capacity what are the beneficial things you done in your community ?
When pple like you get opportunity they usually become worst.

9jahotblog:
Governor Udom Emmanuel is doing well.

ebufa:




You obviously do not know Nigeria well..................have you been to Aba,Nnewi or even kano....let us not talk of Lagos, Nigerians can build,assemble or fabricate stuff...........problem has always been Capital formation and financing,that is even on the production side of things............how about effective demand and consumption.........have we bothered to develop a truly robust National Identification system or a credit history system? This is the under development we talk about...not just the lack of infrastructure!

LikeAking:
This is pure capitalism, not industrialization.

True industrialization is when the masses can easily build or play a very important role in the industrialization process and also benefit financially.

In summary, true industrialization will enable the masses make real man money directly.

This project will only make the rich richer.

No be today govt don dey promise refinery.

Kobonaire4:


1.I doubt you would say this if you were the one financing and constructing the project.

2.No businessman goes into business with the aim of benefitting the masses financially...they go into the business with the aim of benefitting themselves, their shareholders, their families and themselves, and themselves. (Yes, I said it three times). Even their workers...they are paid to bring in more profit for themselves.

3.What you are asking for has been tried before...in most Communist countries...and at the end, the projects failed. There is no such thing as masses taking part in building a project that can benefit them. At the end of the day, the masses would want to buy stuff from the same industries fior cheap...and this leads to crap products which lead to more mess...because the masses won't pay the prices needed for any'people's company' to function profitably....and this leads to point no 4...

4.Capitaliism works because it guarantees a profit....which is used to pay for new improvements and new investments. Most of the consumer stuff we use...computers, phones, etc....were made possible by capitalist profits. Yes, we use computers that work better than the ones we had five years ago because greedy capitalists paid for more improvements to improve their profits.

That's why by the 1970's capitalist countries were far ahead of the communist countries...to a point where many communist countries could not catch up.

5.But you can still benefit from capitalsim...when the company starts sellingshares....BUY THEM.



At the end of the day, your ideas can never work because, unfortunately....people are greedy, and people love to be paid. If we built a masses company to build cars....you think the masses would be willing to pay N10 million for a car like the RAV 4 from that factory...no they will insist on paying N100000, for a people's car, and the company would end up making crap cars, for the masses, or lose so much money that it would close down, then we can blame the 'imperialists'.

LikeAking:
This is pure capitalism, not industrialization.

True industrialization is when the masses can easily build or play a very important role in the industrialization process and also benefit financially.

In summary, true industrialization will enable the masses make real man money directly.

This project will only make the rich richer.

No be today govt don dey promise refinery.

Bigchristo:
You could not even comprehend what I said: I am not kicking against what he said I understand him very well but in Nigeria such things does not put into play, politicians do share contracts among themselves including the employment opportunities