The President of the African Development Bank Group, Akinwumi Adesina, has said Nigeria's industries will always remain noncompetitive, until it decisively tackles energy deficiency and reliability. “Today, no business can survive in Nigeria without generators. Consequently, the abnormal has become normal.
Adesina noted that the country had failed to position itself for economic growth and achievements, the type attained by developing countries like Vietnam and Malaysia. “The performance of the manufacturing sector in the past five years has been poor. Between 2015-2017, the sector declined by -1.5%, -4.3% and -0.2%. This is in sharp contrast to the dynamic and rapid performance of manufacturing in Asian countries, such as Singapore, Malaysia and China.
“Import substitution, while important, is a very restrictive vision. It looks towards survival, instead of looking to create wealth through greater export market and value diversification. The end result is a manufacturing sector that cannot develop nor compete globally, but limits itself to “survival mode, not a “global manufacturing growth mode”.
Don't invest in Nigeria,Nigeria government will send their law enforcement agency to kidnap you if you want to pay the masses the correct salary because Nigeria government does not want their masses to progress because Nigeria government believes the masses will come against them
Nigeria is already expired and anyone or countries investing in Nigeria is risking his business and future. End Nigeria now and save lives. Free mazi Nnamdi Kanu now.
How about Climate Change, Mr. President? Please help get the generators out of Nigeria & replace with sustainable energy. There’s enough to go round in Nigeria!!
Point of correction sir, bandit and kidnapping business is surviving without generators, and is very lucrative for the practitioners! Ask Govs Matawalle, Prof Zulum, Chief El Rufai, Aliyu and the baba of them all Sheik Gumi.
And what are you doing about it.
If NEPA office is using generator. What do expect of common man
You see why MoghaluKingsley 7POINT agenda looks EMPTY. If you can't make it A 1 POINT AGENDA to fix POWER first,,then forget it, I pray you don't win!!!
Nigeria is Hell on Earth
Man said the fact sha...
The contraption CALLED NIGERIA was not meant to work, DIVISION IS THE ONLY SOLUTION
What happened to electricity
He isn't thinking about electricity, that's how we grew up to accept nonsense as normal.
Its no news to Nigerians