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Nigeria: Thrown into Chaos and a State of Civil War: The Role of the IMF
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murchr
#11 Posted : Thursday, May 17, 2012 6:23:42 PM
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Joined: 2/26/2012
Posts: 15,980
The "eating" mentality in Nigeria is just too much, i understand they import rice etc from Britain.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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Sufficiently Philanga....thropic
#12 Posted : Thursday, May 17, 2012 6:27:51 PM
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Joined: 9/23/2010
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Location: Sundowner,Amboseli
a4architect.com wrote:


Why cant a refinery be built in Nigeria?

@SufficientlyP
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a4architect.com
#13 Posted : Thursday, May 17, 2012 6:38:28 PM
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Joined: 1/4/2010
Posts: 1,668
Location: nairobi
murchr wrote:
The "eating" mentality in Nigeria is just too much, i understand they import rice etc from Britain.


rice importation is understandable since they dont produce it but producing 2 million barrels of oil per day then importing EXPENSIVE petrol & Diesel is simply unacceptable..

@young...explain this phenomenon please since you come from Nigeria
As Iron Sharpens Iron, So one Man Sharpens Another.
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digitek1
#14 Posted : Thursday, May 17, 2012 6:49:15 PM
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Joined: 2/3/2010
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Location: Kenya
why do we produce the best quality coffee then drink nescafe
how much of our tourism dollars remain in our economy
who is the biggest beneficiary of the oh so Kenyan Mpesa
this is replicated all over the third world
I may be wrong..but then I could be right
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a4architect.com
#15 Posted : Thursday, May 17, 2012 6:51:20 PM
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Location: nairobi
^^^^^true...
As Iron Sharpens Iron, So one Man Sharpens Another.
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murchr
#16 Posted : Thursday, May 17, 2012 6:55:57 PM
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Joined: 2/26/2012
Posts: 15,980
a4architect.com wrote:
murchr wrote:
The "eating" mentality in Nigeria is just too much, i understand they import rice etc from Britain.


rice importation is understandable since they dont produce it but producing 2 million barrels of oil per day then importing EXPENSIVE petrol & Diesel is simply unacceptable..

@young...explain this phenomenon please since you come from Nigeria


My point is, Nigeria has enough marsh lands where they can plant rice but they prefer to import. So i guess its in their culture, maybe they value a Made in Britain tag hence their chronic importing behavior including what is theirs.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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murchr
#17 Posted : Thursday, May 17, 2012 7:05:42 PM
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Joined: 2/26/2012
Posts: 15,980
digitek1 wrote:
why do we produce the best quality coffee then drink nescafe
how much of our tourism dollars remain in our economy
who is the biggest beneficiary of the oh so Kenyan Mpesa
this is replicated all over the third world



But atleast that is changing here a tea factory in the slopes of mt. kenya is now packaging tea and selling straight to supermarkets in UK. Again, we can decide not to buy nescafe and take kahawa no.1.

Nigerias case is chronic, Kenya doesnt produce oil but has a refinery, why should Nigeria not have one?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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a4architect.com
#18 Posted : Thursday, May 17, 2012 7:15:33 PM
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Joined: 1/4/2010
Posts: 1,668
Location: nairobi
@murchr..have you ever studied the circumstances which Worldbank was formed? After 2nd World war, Europe's economy was in tatters. USA agreed to finance it by encouraging Africans to produce cash crops/minerals which will then be transported to Europe for finishing then exported to USA for consuming. This triangle effect is what we are seeing in Kenya's coffee and Nigeria's oil. Latin America and Asia have removed themselves/liberated themselves from this triangle..Middle east is in the process of doing this too. Africa still hasnt gotten whats cutting..
As Iron Sharpens Iron, So one Man Sharpens Another.
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murchr
#19 Posted : Thursday, May 17, 2012 7:43:10 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
a4architect.com wrote:
@murchr..have you ever studied the circumstances which Worldbank was formed? After 2nd World war, Europe's economy was in tatters. USA agreed to finance it by encouraging Africans to produce cash crops/minerals which will then be transported to Europe for finishing then exported to USA for consuming. This triangle effect is what we are seeing in Kenya's coffee and Nigeria's oil. Latin America and Asia have removed themselves/liberated themselves from this triangle..Middle east is in the process of doing this too. Africa still hasnt gotten whats cutting..


I know that...but its also true that the tea sector has started packaging tea and selling to supermarkets in the UK ama hio si ukweli. We can only liberate ourselves if we get accustomed to buying locally manufactured products and getting a market for the same. My point is Nigerias case is different from Kenyas case. In as much as we sell raw coffee only to buy nescafe, we also have kahawa no. 1 or dormans which can compete with nescafe.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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bkismat
#20 Posted : Thursday, May 17, 2012 9:53:43 PM
Rank: Elder

Joined: 10/23/2009
Posts: 2,375

Nigeria produces oil but since it has no refineries, import expensive petroleum.

[color=red]Why cant a refinery be built in Nigeria?[/[/color]quote]
That is the big Question. Please answer it @Young.
It is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt...
-Mark Twain
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