This is a "luku and lafu" situation......the most obvious reason why these Nija companies are non-performing is IMHO, (1) None of these people that got the licenses ever had the capacity, capability, knowhow, integrity nor even the requisite ability to own/operate these platforms. All they were doing was just "man know man", and once the licenses were acquired, then used agbero principles to source for partners (incompetently) I might add...and once they collect some upfront monies from said partners, throw a few parties and destination weddings wherever or buy shitty real estate out here in the west, the partners (who are usually just are obviously rapacious bizmen themselves) can tell/know Nigerians are full of it. Why else would these investors go to other African countries to make money??? Money is money, is money afterall and I guess this leads me to the (2nd) thing, which is that we would never succeed using our reserve/backup team. I just saw a pix where some Nigerians went to a meeting in China(no idea what it was for, but my guess is, they went to beg China for some more money, shameless idiots).....the Chinese side of the table was 3 deep (about 18 or so people) and they all had their ipads and laptops opened.....the Nija side was about 6 people, all in their immaculately starched guinea brocade(that was probably made with Nigerian/African cotton but ginned in China/Bangladesh and re-exported back to Nija as a finished product) with 2 or 3 cellphones(also made in China) each all on the table beside them, (probably lol)wondering when they were taking the next break to go eat....SMH
Unfortunately people don't seem to understand this. It's a weird fantasy we have. Even the US with it's industrial might doesn't manufacture everything but some how people here think it's possible. They outsource manufacturing to Asia because of it's cheap to make it there.
This is a "luku and lafu" situation......the most obvious reason why these Nija companies are non-performing is IMHO, (1) None of these people that got the licenses ever had the capacity, capability, knowhow, integrity nor even the requisite ability to own/operate these platforms. All they were doing was just "man know man", and once the licenses were acquired, then used agbero principles to source for partners (incompetently) I might add...and once they collect some upfront monies from said partners, throw a few parties and destination weddings wherever or buy shitty real estate out here in the west, the partners (who are usually just are obviously rapacious bizmen themselves) can tell/know Nigerians are full of it. Why else would these investors go to other African countries to make money??? Money is money, is money afterall and I guess this leads me to the (2nd) thing, which is that we would never succeed using our reserve/backup team. I just saw a pix where some Nigerians went to a meeting in China(no idea what it was for, but my guess is, they went to beg China for some more money, shameless idiots).....the Chinese side of the table was 3 deep (about 18 or so people) and they all had their ipads and laptops opened.....the Nija side was about 6 people, all in their immaculately starched guinea brocade(that was probably made with Nigerian/African cotton but ginned in China/Bangladesh and re-exported back to Nija as a finished product) with 2 or 3 cellphones(also made in China) each all on the table beside them, (probably lol)wondering when they were taking the next break to go eat....SMH
Unfortunately people don't seem to understand this. It's a weird fantasy we have. Even the US with it's industrial might doesn't manufacture everything but some how people here think it's possible. They outsource manufacturing to Asia because of it's cheap to make it there.
Bruh. We manufacture literally nothing.
We have to move up the value chain. That's how we industrialise.
Like Peter Obi says, we need to move from consumption to production.