Sampson Onwuka
There is a lot emphasis on foreign investment in Africa and how African can take advantage of the new deals in available labor --- possibly the only useful market available to Africa and by Africans due to gaps in exchange closed by Nigerians and Africans abroad who send money back home. CBN as a collective financial entity can look to hold U.S real estate as a posse to its currency, an attachment to exchange rate and to bifurcate U.S dollars Nigerian Naira rim deviated from crude oil.
It is important we understand that a credible market is measured through unit of exchange and through its buying power. When Nigeria for instance is not looking to penetrate U.S market even in real estate to start, it suffers from deficit. In this new year, I inspire Nigeria and Africa to look at foreign market and bring the game down here. Investment in U.S is one way African can stabilize their respective currency.
Nigeria and African for the record have nothing to profit from foreign investment than the fact they provide industrialized alternative to hard labor and create cheap products for the market. When this is not obtainable there is no point calling for these foreign or local investment for that matter.
In essence, cheaper product is not what we find in Nigeria and African markets, what we have is more direct investment from oversea but higher product cost. In essence, despite the population drive-in for long term investment comfortable with labor market in Africa and Nigeria, products are still very expensive.
I want to state that the dragnet cannot continue, that Nigeria and Africa need to look at what is happening in Europe, U.S, and Asia, and enter these markets through collective bargaining and financial cabal. For one thing, foreign investors are not acting in any body’s interest but theirs and having an interest in Nigeria is because they have little competition. Another way of making this argument is that some of the companies in Africa are not fortune 500 with money for large scale industrialized estates capable of flooding the market and stop the murder of Nigeria and African market through over-the-top prices.
In equal measure, when these companies experience no competition from the local companies, they set their own price. Mean while, the currencies of African countries especially Nigeria, is falling by the second and there are banks ready to reap the dividends when CBN claw back on the Nigeria in dollar term. One of the ways to counter this conundrum is through government tier 3 corporation or Internationals, and when Nigeria is not building new factories and shifting State owned companies to private ownership, it should seek a penetration of U.S market with staying power in real estate and land ownership.
There is a lot emphasis on foreign investment in Africa and how African can take advantage of the new deals in available labor --- possibly the only useful market available to Africa and by Africans due to gaps in exchange closed by Nigerians and Africans abroad who send money back home. CBN as a collective financial entity can look to hold U.S real estate as a posse to its currency, an attachment to exchange rate and to bifurcate U.S dollars Nigerian Naira rim deviated from crude oil.
It is important we understand that a credible market is measured through unit of exchange and through its buying power. When Nigeria for instance is not looking to penetrate U.S market even in real estate to start, it suffers from deficit. In this new year, I inspire Nigeria and Africa to look at foreign market and bring the game down here. Investment in U.S is one way African can stabilize their respective currency.
Nigeria and African for the record have nothing to profit from foreign investment than the fact they provide industrialized alternative to hard labor and create cheap products for the market. When this is not obtainable there is no point calling for these foreign or local investment for that matter.
In essence, cheaper product is not what we find in Nigeria and African markets, what we have is more direct investment from oversea but higher product cost. In essence, despite the population drive-in for long term investment comfortable with labor market in Africa and Nigeria, products are still very expensive.
I want to state that the dragnet cannot continue, that Nigeria and Africa need to look at what is happening in Europe, U.S, and Asia, and enter these markets through collective bargaining and financial cabal. For one thing, foreign investors are not acting in any body’s interest but theirs and having an interest in Nigeria is because they have little competition. Another way of making this argument is that some of the companies in Africa are not fortune 500 with money for large scale industrialized estates capable of flooding the market and stop the murder of Nigeria and African market through over-the-top prices.
In equal measure, when these companies experience no competition from the local companies, they set their own price. Mean while, the currencies of African countries especially Nigeria, is falling by the second and there are banks ready to reap the dividends when CBN claw back on the Nigeria in dollar term. One of the ways to counter this conundrum is through government tier 3 corporation or Internationals, and when Nigeria is not building new factories and shifting State owned companies to private ownership, it should seek a penetration of U.S market with staying power in real estate and land ownership.
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