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Why Are Nigerians Not Really Into Export Business? - Education - Nairaland

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Why Are Nigerians Not Really Into Export Business? by Ningishzida: 6:39pm On Feb 07
Cardoso said, “In 1980, our import expenditure stood at $16.65bn, while our exports amounted to $25.97bn, resulting in a surplus of $9.32bn. Thus, during that year, we managed to fulfil the demand for dollars from our existing supply and still had over $9bn in surplus. In such a situation, the exchange rate (the value of the US Dollar) would not increase because, similar to any commodity, its supply surpassed its demand.

This was probably JUST BEFORE NIGERIA DISCOVERED OIL and it’s wahala started

I have said it again and again on this platform

DIVERSIFY THE ECONOMY

DIVERSIFY THE ECONOMY

CRUDE OIL IS A BLESSING A CURSE

THE CURSE IS MUCH MORE BRUTAL THAN THE BLESSING

...

Convert all NYSC CAMPS into cash crops processing mega centres

Instead of corpers shouting corper wee wee up and down employ them to run these mega farms and produce Made in Nigeria cash crops

DO you know much land Nigeria has in the south

Till today I have never seen a crop in my life THAT CANNOT GROW IN NIGERIA.

Made in Nigeria bananas
Made in Nigeria mangoes
Made in Nigeria pineapples

Made in Nigeria cocoa

Even if it’s just one made in Nigeria something that is flooded European markets with

Then that’s all you need TO MAKE THE DOLLAR almost as strong as the naira .

The first paragraph just told you there was a time in Nigeria in 1980 where naira was stronger than dollar and that time Nigeria exported more than it imported and thus the favourable balance of trade even made it have 9 billion dollars extra

THIS IS NOT SOME ECONOMIC THEORY OR SOME TRIAL AND ERROR

DIVERSIFY THIS ECONOMY FOR GODS SAKE

LEAVE CRUDE OIL ALONE , humans eat and humans eat most crops , even cocoa that cannot be eaten directly
It is needed for making chocolates coffee

THE NIGERIAN EXPORT SHOULD BE MERGED INTO NYSC , and nysc camps should be converted to these mega farms and tons and tons of crops should be processed to be shipped out

FG should go to European countries and lobby each country to buy even if it’s made in Nigeria bananas, that are being processed and prepared in advance from the NYSC camps .

Any embassy or country that doesn’t want these MADE IN NIGERIA products should be closed down

Any country that doesn’t mind buying Nigerian oil but when it comes to made in Nigeria products it’s reluctant is an enemy of Nigeria .

This is the only way NIGERIA CAN escape poverty

PLEASE IF ANYONE CAN READ THIS

PLS I BEG YOU IN THE NAME OF GOD I AM FROM THE FUTURE . NIGERIA BECAME WORSE THAN WHAT IT CURRENTLY IS RIGHT NOW

NIGERIA pls diversify this company all oil licenses of any oil company should be revoked and tax free concessions given to AGRICULTURAL companies

Nigeria please leave crude oil alone

Sunshine is free
Rainfall is free
Photosynthesis is free

These are the 3 things you need to grow any cash crop in the whole world and feed the whole world if you are serious with it

YOU CAN SELL ANYTHING TO EARN FOREX IN THE INTERNATIONAL MARKET , it’s not only refined oil you sell there

Please convert all Nysc camps into these mega farms and start churning out tons of materials to earn good money outside

NIGERIA PLS LEAVE CRUDE OIL ALONE

THE UK import bananas all the way from Panama and South Africa

Please which country is closer to the uk.

How big is Panama and how much land does South Africa that tescos stores in the uk import all the way down South Africa for bananas

Why can’t there be made in Nigeria bananas

Why this oil curse for Gods sake

How much green land do we have in the south of Nigeria that bananas fresh good ones can’t be planted to be exported in tons

Convert all nysc camps to farms now , double allawee to corpers that want to work leave the ones who don’t want to go and be looking for thier oil corporate jobs

After converting the nysc camps into mega farms Merge nysc and the Nigerian export council and EXPORT all your wahala and earn cool forex

Find a country and export good fresh foods to this country

No one can tell me this is impossible
If elections materials can get to every nook and cranny of this country

You can’t tell me state sponsored Mega farms are impossible

ALL THE TRILLIONS SAVED FROM FUEL SUBSIDY. Invest it in agriculture and become a sole supplier of foreign countries different types of food

Tomatoes
Peepers
Cashews
Bananas
Carrots

Do you know how much crops you can grow for free and make FREE DOLLARS FOR free

Who told these guys oil is the only thing you can sell

Once again scroll back up and check the first paragraph soemthing used to happen to Nigeria before 1980

After 1980 it got carried away and chased something which is crude oil

And 50 years later Nigeria life has never remained the same

Please diversify this economy now

Besides carrots takes 3 months to grow
Cucumbers etc

There are some crops that if Nigerian becomes a sole exporter to selected foreign countries growing them would be light work

Infact self nnpc should be forced to buy shares in this new mega farms

Leave oil alone


The above is a comment on one of the threads I found on the frontpage today.

Unfortunately, the author thinks that the problem is with Nigerians because they either have no product to export or they are unwilling to go into export business. I believe a lot of Nigerians hold this same opinion as well but the problem is political and I will try to explain in layman's terms.

I reside in Germany as a foreigner but I visit Nigeria at least once every year. When I'm in Germany, I order lots of personal products from ecommerce websites, ranging from wears, tech gadgets, electronics and other accessories. A lot of these items are manufactured and shipped from Asia. And when they arrive Germany, DHL or Hermes delivers it to my doorstep without me having to pay any extra dime besides what I have payed to the seller for shipping.

Now, when it comes to ordering items from Nigeria, the story is entirely different. On two occasions in the past when I ordered custom sewn wears from Tailors in Nigeria, I had to pay almost twice the amount of the clothing as custom charges to German customs because the package was coming from Nigeria.
The first time, I thought it was the packaging, therefore, on the second occasion, I asked the Tailors to package it same way the Chinese package the wears I order from them. But it changed nothing. I still had to pay the same custom charges because the item was coming from Nigeria. For this reason, I no longer order items from Nigeria when I'm in Germany. But I still order items from China and other Asian countries on almost a weekly basis because I don't have to pay custom fees for items originating from Asia.

The above is just an example of how Europe uses custom fees to discourage their citizens from buying any processed item from Africa.
If it were an edible processed item, a state-sponsored fake research will be carried out immediately to "scientifically" discover that the processed goods coming from Africa contain insecticides and other unsafe chemicals, then they will use the research as a guise to ban it in Europe indefinitely.

Europe would rather stay hungry than to allow any goods processed in an African country enter their market. They know by doing so, they are creating jobs for Africans in Africa and therefore allowing Africa'seconomy to grow. If Africans are allowed to develop their economy;
* where will the cheap African labor and resources that Europe built their economy upon come from?
* How will THE FOUNDATIONAL NARRATIVE (that Africans are uncivilized slaves that needs the benevolence of they the civilized Europeans in order to survive) continue to be subconsciously programmed into the world?

I will explain the term I coined as "THE FOUNDATIONAL NARRATIVE" in one of my future posts. But for now, just know that it is the narrative that led to the current world where every non-Negro race tries to be "whites" and tries as much to erase "blacks" away from their families. The Bible, Quran were the original tools used to lay down the narrative but at the moment, it is the mainstream media AKA Rothschild family-owned medias that are now the primary proponents.


A country's citizen can only become exporters if the international market are not hindering the countrh from exporting their processed items.
The world as it stands today are controlled by the Caucasians followed by the Arabs, and then the Asians. All these three groups of people are united because they managed to single out the Negro race as being the greatest threat to their survival. They might disagree on any other matter but when it comes to suppressing all the countries where the Negroes exist on earth, they will always unite to suppress the Negroes.

Unless our leaders start signing trade deals that will enable citizens of Nigeria export processed items to Europe or even Asia, Nigeria will continue to be import dependent and any private citizen that decide to venture into the business of exporting processed items will find themselves fighting an uphill battle that they can never survive on their own.

7 Likes 3 Shares

Re: Why Are Nigerians Not Really Into Export Business? by babasolution: 6:48pm On Feb 07
By linking the prosperity of Africa to exports to Europe,it also means that Africa will still depend on Europe for their ECONOMIC growth.

Therefore in a situation like this internal management is very key,the Nigerian government must stop being wasteful and be very strong on careful planning.

They must be prudent and cut cost
They must be brutal with those causing insecurities.

Agriculture should be boosted for internal supply.

Nigeria can survive on export of raw materials

But the government are not serious

You majority tribes blackmen are not serious
Re: Why Are Nigerians Not Really Into Export Business? by Ningishzida: 7:40pm On Feb 07
babasolution:
By linking the prosperity of Africa to exports to Europe,it also means that Africa will still depend on Europe for their ECONOMIC growth.

Therefore in a situation like this internal management is very key,the Nigerian government must stop being wasteful and be very strong on careful planning.

They must be prudent and cut cost
They must be brutal with those causing insecurities.

Agriculture should be boosted for internal supply.

Nigeria can survive on export of raw materials

But the government are not serious

You majority tribes blackmen are not serious
A government of a country - signing trade deals with a foreign country in order to ensure its citizens who are into exportation of a particular line of product can get a fair market in the foreign country - doesn't mean the country is dependent on the foreign country.

1 Like

Re: Why Are Nigerians Not Really Into Export Business? by mighty5050(m): 9:25pm On Feb 07
There are people in Nigeria who still thrive on export.
Front page material though.
Re: Why Are Nigerians Not Really Into Export Business? by Nicepoker(m): 10:30pm On Feb 07
Exporting raw materials will take you nowhere. You export cocoa and import beverages grin Man you are way behind. We have to start production. We buy and sell and resale a lot.

2 Likes

Re: Why Are Nigerians Not Really Into Export Business? by bnanny: 12:57am On Feb 08
Nicepoker:
Exporting raw materials will take you nowhere. You export cocoa and import beverages grin Man you are way behind. We have to start production. We buy and sell and resale a lot.
True bro
Re: Why Are Nigerians Not Really Into Export Business? by aycorporat(m): 5:40am On Feb 08
Ningishzida:


The above is a comment on one of the threads I found on the frontpage today.

Unfortunately, the author thinks that the problem is with Nigerians because they either have no product to export or they are unwilling to go into export business. I believe a lot of Nigerians hold this same opinion as well but the problem is political and I will try to explain in layman's terms.

I reside in Germany as a foreigner but I visit Nigeria at least once every year. When I'm in Germany, I order lots of personal products from ecommerce websites, ranging from wears, tech gadgets, electronics and other accessories. A lot of these items are manufactured and shipped from Asia. And when they arrive Germany, DHL or Hermes delivers it to my doorstep without me having to pay any extra dime besides what I have payed to the seller for shipping.

Now, when it comes to ordering items from Nigeria, the story is entirely different. On two occasions in the past when I ordered custom sewn wears from Tailors in Nigeria, I had to pay almost twice the amount of the clothing as custom charges to German customs because the package was coming from Nigeria.
The first time, I thought it was the packaging, therefore, on the second occasion, I asked the Tailors to package it same way the Chinese package the wears I order from them. But it changed nothing. I still had to pay the same custom charges because the item was coming from Nigeria. For this reason, I no longer order items from Nigeria when I'm in Germany. But I still order items from China and other Asian countries on almost a weekly basis because I don't have to pay custom fees for items originating from Asia.

The above is just an example of how Europe uses custom fees to discourage their citizens from buying any processed item from Africa.
If it were an edible processed item, a state-sponsored fake research will be carried out immediately to "scientifically" discover that the processed goods coming from Africa contain insecticides and other unsafe chemicals, then they will use the research as a guise to ban it in Europe indefinitely.

Europe would rather stay hungry than to allow any goods processed in an African country enter their market. They know by doing so, they are creating jobs for Africans in Africa and therefore allowing Africa'seconomy to grow. If Africans are allowed to develop their economy;
* where will the cheap African labor and resources that Europe built their economy upon come from?
* How will THE FOUNDATIONAL NARRATIVE (that Africans are uncivilized slaves that needs the benevolence of they the civilized Europeans in order to survive) continue to be subconsciously programmed into the world?

I will explain the term I coined as "THE FOUNDATIONAL NARRATIVE" in one of my future posts. But for now, just know that it is the narrative that led to the current world where every non-Negro race tries to be "whites" and tries as much to erase "blacks" away from their families. The Bible, Quran were the original tools used to lay down the narrative but at the moment, it is the mainstream media AKA Rothschild family-owned medias that are now the primary proponents.


A country's citizen can only become exporters if the international market are not hindering the countrh from exporting their processed items.
The world as it stands today are controlled by the Caucasians followed by the Arabs, and then the Asians. All these three groups of people are united because they managed to single out the Negro race as being the greatest threat to their survival. They might disagree on any other matter but when it comes to suppressing all the countries where the Negroes exist on earth, they will always unite to suppress the Negroes.

Unless our leaders start signing trade deals that will enable citizens of Nigeria export processed items to Europe or even Asia, Nigeria will continue to be import dependent and any private citizen that decide to venture into the business of exporting processed items will find themselves fighting an uphill battle that they can never survive on their own.




Oga mi well done
Permission to share

1 Like

Re: Why Are Nigerians Not Really Into Export Business? by Cassandraloius: 9:03am On Feb 08
cheesy
Re: Why Are Nigerians Not Really Into Export Business? by BennyDGreat: 10:20am On Feb 08
Ningishzida:


The above is a comment on one of the threads I found on the frontpage today.

Unfortunately, the author thinks that the problem is with Nigerians because they either have no product to export or they are unwilling to go into export business. I believe a lot of Nigerians hold this same opinion as well but the problem is political and I will try to explain in layman's terms.

I reside in Germany as a foreigner but I visit Nigeria at least once every year. When I'm in Germany, I order lots of personal products from ecommerce websites, ranging from wears, tech gadgets, electronics and other accessories. A lot of these items are manufactured and shipped from Asia. And when they arrive Germany, DHL or Hermes delivers it to my doorstep without me having to pay any extra dime besides what I have payed to the seller for shipping.

Now, when it comes to ordering items from Nigeria, the story is entirely different. On two occasions in the past when I ordered custom sewn wears from Tailors in Nigeria, I had to pay almost twice the amount of the clothing as custom charges to German customs because the package was coming from Nigeria.
The first time, I thought it was the packaging, therefore, on the second occasion, I asked the Tailors to package it same way the Chinese package the wears I order from them. But it changed nothing. I still had to pay the same custom charges because the item was coming from Nigeria. For this reason, I no longer order items from Nigeria when I'm in Germany. But I still order items from China and other Asian countries on almost a weekly basis because I don't have to pay custom fees for items originating from Asia.

The above is just an example of how Europe uses custom fees to discourage their citizens from buying any processed item from Africa.
If it were an edible processed item, a state-sponsored fake research will be carried out immediately to "scientifically" discover that the processed goods coming from Africa contain insecticides and other unsafe chemicals, then they will use the research as a guise to ban it in Europe indefinitely.

Europe would rather stay hungry than to allow any goods processed in an African country enter their market. They know by doing so, they are creating jobs for Africans in Africa and therefore allowing Africa'seconomy to grow. If Africans are allowed to develop their economy;
* where will the cheap African labor and resources that Europe built their economy upon come from?
* How will THE FOUNDATIONAL NARRATIVE (that Africans are uncivilized slaves that needs the benevolence of they the civilized Europeans in order to survive) continue to be subconsciously programmed into the world?

I will explain the term I coined as "THE FOUNDATIONAL NARRATIVE" in one of my future posts. But for now, just know that it is the narrative that led to the current world where every non-Negro race tries to be "whites" and tries as much to erase "blacks" away from their families. The Bible, Quran were the original tools used to lay down the narrative but at the moment, it is the mainstream media AKA Rothschild family-owned medias that are now the primary proponents.


A country's citizen can only become exporters if the international market are not hindering the countrh from exporting their processed items.
The world as it stands today are controlled by the Caucasians followed by the Arabs, and then the Asians. All these three groups of people are united because they managed to single out the Negro race as being the greatest threat to their survival. They might disagree on any other matter but when it comes to suppressing all the countries where the Negroes exist on earth, they will always unite to suppress the Negroes.

Unless our leaders start signing trade deals that will enable citizens of Nigeria export processed items to Europe or even Asia, Nigeria will continue to be import dependent and any private citizen that decide to venture into the business of exporting processed items will find themselves fighting an uphill battle that they can never survive on their own.




If Cotedivoire and Ghana for example decide that only a particular percentage of cocoa goes and establish chocolate factories and also invite companies to do same, what will happen?

As much as there's an agenda to suppress Africa, we must note that Africans too support this agenda when they connive with the outsiders for quick personal gains.
Re: Why Are Nigerians Not Really Into Export Business? by WantsandMore: 12:22pm On Feb 08
Agreed the European Factor hinders economic growth for the negro, why then doesn't the negro unite within its borders to foster prosperity? Imagine Africans self reliant for Africans.
Re: Why Are Nigerians Not Really Into Export Business? by spinna: 1:24pm On Feb 08
Excessive red tape, corruption and complexity
Re: Why Are Nigerians Not Really Into Export Business? by Ningishzida: 7:19pm On Feb 08
aycorporat:


Oga mi well done
Permission to share
Permission granted.

1 Like

Re: Why Are Nigerians Not Really Into Export Business? by Ningishzida: 9:34pm On Feb 10
mighty5050:
There are people in Nigeria who still thrive on export.
Front page material though.
By export, do you mean sustenance export whereby people send things to people they know abroad?
I am actually referring to exports where you find the exported products in the shelves of big supermarkets in the foreign country. Commercially viable exports that can be scaled.
Never found a product made in Africa in the shelves of either Kaufland, Edeka, Netto, Penny, Aldi or Lidl.

1 Like

Re: Why Are Nigerians Not Really Into Export Business? by IbeOkehie: 3:05am On Mar 01
aycorporat:


Oga mi well done
Permission to share

But why share a lie?

If Africans can't export to Europe why can't they trade with each other? I'm getting tired of having to explain things in minute detail. Anyhow, take it or leave it - the basic problem of Black Africa is socialism. Lack of property rights, fixed and rigged currency values, regulated pricing, too much government ownership of resources and commercial entities. That's all there is to it.

Good Luck to Nigerians.
Re: Why Are Nigerians Not Really Into Export Business? by Gerrard59(m): 6:24pm On Mar 01
Ningishzida:


I will explain the term I coined as "THE FOUNDATIONAL NARRATIVE" in one of my future posts. But for now, just know that it is the narrative that led to the current world where every non-Negro race tries to be "whites" and tries as much to erase "blacks" away from their families. The Bible, Quran were the original tools used to lay down the narrative but at the moment, it is the mainstream media AKA Rothschild family-owned medias that are now the primary proponents.

A country's citizen can only become exporters if the international market are not hindering the countrh from exporting their processed items. They might disagree on any other matter but when it comes to suppressing all the countries where the Negroes exist on earth, they will always unite to suppress the Negroes.

That is true. China was not a major exporter until the West led by the US approved her membership into the WTO. The solution is to target other markets, notably China, Southeast Asia, Brazil/South America and India. Also, could it be that those charges are aimed at products from Nigeria rather than the entire African continent? I ask, because it could be different from Tanzania, South Africa, Namibia, Kenya, Egypt etc. Also to be fair, the US does not charge duty on goods from selected African countries under the AGOA agreement. The same applies to China for agricultural products (processed or raw) from the continent.

The world as it stands today are controlled by the Caucasians followed by the Arabs, and then the Asians. All these three groups of people are united because they managed to single out the Negro race as being the greatest threat to their survival.

I beg to disagree with Arabs coming in as second. Obviously, the white man is number one, but the number two has to be East Asians. Note: I am specific as South Asians, Central Asians and Southeast Asians are different. East Asians here are Chinese, South Koreans and Japanese. However, I wonder how we constitute the greatest threat to their survival.

Unless our leaders start signing trade deals that will enable citizens of Nigeria export processed items to Europe or even Asia, Nigeria will continue to be import dependent and any private citizen that decide to venture into the business of exporting processed items will find themselves fighting an uphill battle that they can never survive on their own.

Good thing you mentioned our political elites. The ball is in their court. Alternatively, we trade amongst ourselves even though poor people trading amongst themselves does not translate to wealth. The aim should be to provide a safe environment for foreign investors to set up factories and export to major regions. An example was when Ethiopia revamped trade rules attracting investors who produced and exported to the US under AGOA rules. However, due to the civil unrest and clampdown on dissidents, the US removed Ethiopia from the revised list and investors fled.

1 Like

Re: Why Are Nigerians Not Really Into Export Business? by Gerrard59(m): 6:41pm On Mar 01
babasolution:
By linking the prosperity of Africa to exports to Europe,it also means that Africa will still depend on Europe for their ECONOMIC growth.

They must be prudent and cut cost
They must be brutal with those causing insecurities.


It is actually the right thing to do. Japan enjoyed unfettered access to Western markets after the World War, ditto Korea, Malaysia, Singapore, Taiwan and then China. Now, India is poised to enjoy the same. A country cannot become rich by selling to the poor. Teacher A who teaches at Grange Schools would become financially comfortable quickly and solidly than Teacher B who etaches at Atutupoyoyo Secondary School. This is simply because the former caters to a wealthy clientele while the latter does not.

Africa being almost abut to Europe should be the base for its manufacturers who want to tap into cheap labour, but where did they go? Southeast Asia. Think am, why should German manufacturers go to Malaysia to produce a product meant for the EU market when Senegal is closer? Why Vietnam, not Kenya? What about South Africa? When labour costs increased in Japan and South Korea, manufacterurss went to neighbouring Southeast Asia to cite factories - notably Thailand and Malaysia and then export to their home countries. Along the way, these countries rose up the manufacturing value chain and their workers gained relevant skills. Imagine Japanese and Korean manufacturers going to cite factories in Africa then export to East Asia? It does not make sense. But that is what Europe is doing by going to produce in Southeast Asia then export to Europe when Africa is closer with massive resources and abundant labour.

So, based on geographical reasons and accompanying resources (natural and demographic), it makes sense to depend on Europe for economic growth.

Agriculture should be boosted for internal supply. Nigeria can survive on export of raw materials

To be fair, even if Fulani herdsmen did not exist and there were continuous agricultural activities, we cannot feed ourselves. We would have to import food. On the other hand, Nigeria is too big and populated to depend on export of raw materials. None of the non-oil exports on its own, not as an associated group, generated a billion dollars. So, where do we get much needed foreign earner? That is where oil comes in, but it too is unsustainable.

But the government are not serious

You majority tribes blackmen are not serious

Agreed. Our elites are terrible people and very unintelligent at that.

2 Likes

Re: Why Are Nigerians Not Really Into Export Business? by Gerrard59(m): 6:45pm On Mar 01
Ningishzida:

By export, do you mean sustenance export whereby people send things to people they know abroad?
I am actually referring to exports where you find the exported products in the shelves of big supermarkets in the foreign country. Commercially viable exports that can be scaled.
Never found a product made in Africa in the shelves of either Kaufland, Edeka, Netto, Penny, Aldi or Lidl.

The other poster is correct. People export to the EU, but maybe not branded goods. On the other hand, people export to the US as well. The bold is what important - commercially, scalable and sustainable exports across the value chains in major sectors, not just agriculture or mining.

As for your last line, not even chocolate or biscuits that is made in an African country? shocked I do see Made in Ghana chocolates here. So, I am surprised none of such exists in those stores in nearby Germany. You have to search harder.

1 Like

Re: Why Are Nigerians Not Really Into Export Business? by Gerrard59(m): 7:06pm On Mar 01
BennyDGreat:


If Cotedivoire and Ghana for example decide that only a particular percentage of cocoa goes and establish chocolate factories and also invite companies to do same, what will happen?

As much as there's an agenda to suppress Africa, we must note that Africans too support this agenda when they connive with the outsiders for quick personal gains.


Well, it cannot happen as the Ivorian government is a mere appendage of France, which is a major power bloc in the EU. The Ghanaian president visited the EU many months ago, clamouring for the same thing you mentioned. Unfortunately, due to his mismanagement (appointed over 1000 PAs and built one massive church), the country plunged into a recession as a result of the loans the country took because of anticipated oil sales. Today, Ghana has obtained her 17th IMF bailout. Besides, the sales of cocoa are heavily regulated in both countries compared to Nigeria, Cameroon, Ecuador and Indonesia. Regulation tend to lead to lower prices if the cartel is not the only bloc producing those products.

I must say, it is not easy to usurp the chocolate companies in the EU - which is the major consumer and has many companies that process cocoa. The solution, as I have mentioned once here, is to hope/wish/work on Asians to love chocolates. Once that is achieved, you can then invite Asian companies to set up bases or start your companies in Africa and export to Asia. Europeans would not let go of that industry to outsiders, especially as they are the major consumers.

A similar thing is brewing in so-called green minerals - lithium, cobalt, bauxite etc. Indonesia is home to many of these minerals needed for wind blades and electric vehicle production. The country's president signed into law mandating extracting companies to process the minerals in Indonesia before export. What happened? The EU sued Indonesia in the WTO court and won. Indonesia has appealed the case. However, while the EU sued, Chinese manufacturers swooped in and set up factories in the country. Korean manufacturers, seeing that the Chinese had gained the upper hand, also did the same. Other countries elsewhere with the same abundance of minerals enacted the same law as Indonesia. Chile, where the citizens are basically descendants from Europe, did the same law, and the EU criticised it. How much more black folks in Ghana? Few weeks ago, Indonesians voted for a new president who is an ally to the outgoing one (who enacted the law), but The Economist Magazine, the mouthpiece of the West, criticised him and supported someone else. However, the koko be say they did not want the president's favourite because of the laws he made ensuring those minerals are processed in Indonesia.

This is why I support a strong China. There have to be alternatives. In fact, as I write, US lawmakers are criticising Mexico for accepting investments from China to set up factories in the country with the aim of exporting to the US. The US also criticised Peru and Ecuador for accepting Chinese investments into their ports and bridges.

More can be read here: https://www.nairaland.com/7801886/multipolarism-versus-hegemonism-great-power

5 Likes

Re: Why Are Nigerians Not Really Into Export Business? by Gerrard59(m): 8:36am On Mar 02
Just to add;

- China has waived off 99% tariffs on agricultural products exported to the country from Africa. I did not see Nigeria being listed as one of such, but quite a handful of East and Southern African countries were mentioned as beneficiaries. So, as we can see, that is a market to cater to since the Europeans have closed theirs to African producers. They even do the same to their cousins in South America. Then, na we go gain access? Brazil eclipsed the US as the biggest soybean exporter to the US. South Africa exports a lot of wine and avocados to China.

- It behooves on Africans, especially those in developed countries to put their money where their mouth is by moving to the continent to start businesses, which will transform the continent. Expecting foreigners, especially those who aren't blacks, to develop the continent is foolhardy. No one will develop your place, even when theirs is developed. It is the moral and economic duty of Africans to develop Africa. So, no point sitting in the abroad lamenting kini kon. An instance is cashew nuts: the major exporters in the raw form are African countries. However, the major exporters of the processed form are India and Vietnam. Who dominates the field of exporting cashew in its raw form from Africa? Indians and Vietnamese. Do you expect them to process those jobs in Ivory Coast while their people need those jobs in Hanoi and Mumbai? No. Question is: why cannot native Ivoriens in France and Belgium use the knowledge obtained while working in Paris and Ghent to start businesses to source and process these nuts before exporting them to richer countries?

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