My Presentation on Channels TV…..May, 2021
Nigeria’s Economic Development – The Need for Industrialization.
Total Export 2019.
Population: 5.7 Million, Land-Size: 728.6 Sq.km.
Note: Lekki Peninsula, Lagos, Nigeria is 755Sq.km
Sub-Saharan Africa……..US$428.2 Billion
Countries: 46 Population: 1.1 Billion Land-Size: 23.85 million Sq.km.
Population: 200.96 Million Land-Size: 923,768 Sq.km
There is a critical need to Industrialize, but a greater need to understand the strategies of your competitors and those trying to put you out of business. To understand the present state of the Nigerian Economy we must go to the past and understand the roles of the Industrial Revolutions, the roles played by the most industrialized nations and how they have used Innovations, Efficiency, and Globalization to create a massive competitive advantage and take over most economies and that of Nigeria.
To understand the decline of the Naira against the US Dollar you must understand the roles and strategies of the Industrial Revolutions, only 10 countries of the world accounted for 65% of the total global GDP of US$87.7 Trillion, they are the most industrialized countries. There is no country that has attained greatness without industrialization, all industrialized countries boast of military might.
To become rich you must create value, these nations create value through manufacturing, they invest heavily in the critical success factors of Industrialization, Nigeria must industrialize to strengthen the naira, but to do that we must understand the strategies of the Western World and the most industrialized nations and how they took over our economy without firing a single bullet.
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