I like the good cop, bad cop double act, Feyi á ṣe bad cop pẹ̀lú gbas gbos with Alhaji Putin, Tobi á fi economic data back e up without mentioning names. Welldone guys
On the money as per usual. We Africans ought to more closely examine our financial elites. Too many of us fawn over them and just gawp at their latest playthings.
Weldone for the article. My question would be, does the nature of the goods and services produced by these firms factor in industrializing Nigeria? What role would the nature of goods produced play in the kind of learned capabilities and productive knowledge developed in promoting industrialization and development? I ask because I wonder if producing, as an example noodles on a large scale versus say cement, help in developing productive capabilities that can drive national development.
Yes, what you make matters. The more complex products a firm can make, the more it climbs the capability ladder (and the economy too). But we all have to start somewhere. No one remembers that Hyundai used to make cement anymore - even more recent example is that Xiaomi today is known for EVs than phones. The point is that the strategic imperative of policy should be that firms always have the incentive to keep learning and acquiring the capability to upgrade, regardless of where they start.
I like the good cop, bad cop double act, Feyi á ṣe bad cop pẹ̀lú gbas gbos with Alhaji Putin, Tobi á fi economic data back e up without mentioning names. Welldone guys
On the money as per usual. We Africans ought to more closely examine our financial elites. Too many of us fawn over them and just gawp at their latest playthings.
Weldone for the article. My question would be, does the nature of the goods and services produced by these firms factor in industrializing Nigeria? What role would the nature of goods produced play in the kind of learned capabilities and productive knowledge developed in promoting industrialization and development? I ask because I wonder if producing, as an example noodles on a large scale versus say cement, help in developing productive capabilities that can drive national development.
Yes, what you make matters. The more complex products a firm can make, the more it climbs the capability ladder (and the economy too). But we all have to start somewhere. No one remembers that Hyundai used to make cement anymore - even more recent example is that Xiaomi today is known for EVs than phones. The point is that the strategic imperative of policy should be that firms always have the incentive to keep learning and acquiring the capability to upgrade, regardless of where they start.
Very well said indeed. Nothing more to add.