Lesson on how we can conquer Western startups

What’s doxing?

@dataguru has chosen to publish her name. Her LinkedIn profile is public, and I referenced it in context because she is educated in one of England’s fine universities, which is a big plus in Nigeria, and fits in with the profile of technocrats in the government. Or put in another way, it’s a bloody compliment mate.

Padi - watch yaself o :smile:

Doxing would be if the reference was made with malicious intent. Like digging up a past sex scandal or something to discredit their reputation and by extension, their argument by altering the focus. @savar

@techscorpion

“Trouble sleep, yanga go wake am…”

What is private about her profile both on Radar and LinkedIn?

Back to the topic fellas, lets not derail the thread just yet.

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My apologies. I thought it was a compliment. You should have said something. Nonetheless, I’ve removed the link.

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am not arguing or all over d place. whai say is simple n is this.

  1. Africa is not china or any other industrailzed world. the means to produce does not come cheap.
  2. due to above stated, we must support ourselves to grow our own local firms. we do not want foreign firms to control the means of production and survival in any populace.
  3. skills esp from the young population is what drives industralization.
  4. in the concept of wealth creation, labourers [jobs] own nothing, n the gainers r those who control the means t0 produce n access the costs cheaply.
  5. even if we have a million foreign investors and still have no control over our means of production, we r still not growing.
  6. nigerians cannot afford cheaply the means of production, therefore pay highly for it. Therefore the reference to china, i am afraid may not be too relevant in Nigeria. In china pple can do business without worrying about the cost of fuel, light, or the simple basic amenities.
  7. The govt policies as it stands downplays local SMEs esp average Nigerians trying to do something good. You have to take all these things as little as they maybe into consideration and put things in context when comparing economies.
  8. For this reason, the scale are tipped against us, so we need support. Local SMEs should not be made to compete this way. It is simply unfair. Granted we too need a lot of work, but we r not going to get there by ignoring the threads of what makes up an industralized nation.
    This will force local businesses to deliver quality products and ensure that our cooperate capital in generated in a national context not private context.

finally, this is my final point. why is there no competition in cement production or invites to sugar production companies to come and “invest”? they expect us at the middle n lower class of society to struggle so hard. these rules exist u know. just that it is not implemented at certain classes of society.
the elites basically monopolize their business markets in nigeria we r here singing “globalization”. maybe i would av agreed with @techscorpion if i saw invites to cement, sugar, etc investors to nigeria. they wont even allow them in.

:slight_smile: How’s it @xolubi?

And I doubt if Uber China will stop loosing soon.

Uber’s Travis Kalanick admitted the company is losing $1 billion a year in China

Didi Kuaidi slaps down Uber, claims 83% of China’s private car-hailing market

Just had to rush in because you got me in from my inbox! Keeping an eye on #PayStack. Cafe Neo next week, saved the date. Have a nice time.

There are industries where you have to be large to compete. Banking, auto manufacturing, cement production, etc. In those cases, FGN policy seems to favour your stance i.e. it leans to protectionism where credible local substitutes are present.

I think your main thrust is that there are little or no protectionist policies for smaller businesses and they are in need of the leverage. Fair enough, but what about the billions in agro allied subsidies that the FG gives hundreds of thousands of farmers, and agro entreprenuers. What about the democratization of choice that the Internet has provided where local companies can sell their software and BPO services unimpeded to foreign companies, as long as their quality standards are up to par. What about the YouWin grants and all the other freebies they give local SMEs.

The government can do better but honestly, there’s a limit to what you can reasonably expect from a government of an emerging country with dwindling revenues. The rest of the journey to economic prosperity, as the Indians have shown, is up to you.

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U are making some really interesting points here. But these actions do not address the problem.

The problem is the conditions of the market and the little trails that lead up to sales and quality of final goods and services.

As it stands Nigerian SMEs are forced to compete in a market where prices are set by unfavorable and harsh economic conditions, competition favors foreign firms and private elitists: therefore they cannot compete effectively and they are unable to deter new entrants. You need one or more of these three factors to be a profitable business. Asking firms to accept globalization and work harder when the means and resources to support is not even available is a bit unfair dont u think?
Simply put, Nigerian companies should be allowed and supported to grow. Competition should be created and promoted within to drive creativity and innovation and there should be standards for quality and service in locally produced goods.

It is not that Nigerians are lazy or cant do better, it is simply that we cannot compete. U cannot run a business on a loss. To compete efficiently with these foreign firms and deliver such quality at such prices would mean running at a loss.

The national assembly last month passed a bill basically forcing all ministries to buy their cars from Innosan and beverages from Dangote and click. [this was not what the bill read but basically what it meant]. So why cant local firms be protected in the same way? Or why r u not screaming at them for not accepting globalization?

we dont need govt money. Nigerians are better than that. we need an enabling environment. which the govt has not created.

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America is what it is because its govt supports its co-oporate markets both externally and internally. The men who built america did so with ruthless monopolistic competition that practically killed any and all competition. GE, Standard oil, Steel etc. But most importantly, the govt supported it. What was good for them was good for america. And that was how they grew.

China became china today by operating a 50-year long closed economy and a labour + capital intensive approach to development. They are there now becoz chinese firms control the 21st century capital and means of production [Technology and machinery] around d world. Chinese goods are favorable in the market globally because the govt ensures a low cost of production for home firms.

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Your “final point”, ma’am?

And I agree with this, because without competition (foreign inclusive), you end up with Nigerians paying twice the world average for a bag of cement.

No no no. The government broke up Standard Oil for the exact reason you are assuming they supported it.

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This stance is not backed by reality, sorry.

Nope. That’s just one of the divides. :smile:

I feel like you’re reciting a movie script? Much as I’m not a supporter, it would be foolhardy & out of touch with reality to deny their existence.

Sorry, you just became a honourary citizen of Oyo state.
Now, back to lurking… :door: :walking:

Nigerian manufacturing industry is the perfect poster child, me thinks.

So far, this is the most abused post on Radar and we have @dataguru to thank for it. You cannot go ahead to withdraw almost all replies here, thereby leaving other replies floating.

This wasn’t a monologue between @techscorpion and himself. It was a debate, and a superior argument carried the day. Instead of being civil and acknowledging a superior argument or at least bowing out gracefully while maintaining your stand, you decided to strip the topic of your replies.

I’ve painstakingly flagged ALL your withdrawn replies with hope that the mods will restore them. I’ll also go ahead to draw their attention to this thread: @lordbanks @seyitaylor @OoTheNigerian.

I think this case should be added to the community guidelines so that new members such as @dataguru will be guided accordingly.

Thank you.

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