This op is a big empty-headed fish. I guess this foolish theory of yours is the same your buhari had when he banned importation of rice under the guise of promoting local product and today shortly afterwards we started buying a bag of poorly produced rice for 38k as against the 8k well produced imported ones.


Op thinks he is making sense. But in fairness to him he is completely daft. Even more senseless that away current president.

From what the OP is saying it is even useless the government inviting foreign investors to Nigeria since we have local companies already on ground. Let me hear when they say foreign investors are needed in the oil and gas sector since we already have NNPC and indigenous refineries

Abokey economic theory.

USA has Ford, GMC etc, yet there are Japanese & German car manufacturing plants there producing Toyota, Honda. Volks etc.

Senseless abokey feeling funky. If Toyota has agreed to stay, the monkey would have counted it as one of bomhari's achievements..

Rissamenti:


But when Ford, Chevrolet, Chrysler etc were first starting out in America a hundred odd years ago, there was no competition from established foreign brands to crowd out those firms.

Only AFTER the local firms became able to compete on a level footing with anyone on earth did we start to see foreign carmakers in the US.

Same as China. China banned ALL VEHICLE IMPORTS for over 30 years up till the late 1980s or so, and forced their people to ride in bicycles till they learnt how to build their own cars. Today, China is self sufficient in vehicle production, and has an advanced manufacturing sector, and so has permitted foreign brands to come in and compete.

So you must build up capacity first, to match theirs, or they will just come in and destroy your industries, keeping you dependent.

The two scenarios you cited are different.
Toyota didn't go to Ghana because of government policy.
The government have been looking for foreign investors to bring in their dollar to strengthen the economy and the Naira.
The reason toyota went to Ghana is because of Nigeria unfavorable business climate.
A government that is exporting crude oil and importing finished products and wasting foreign exchange can not be said to be building capacity.

Rissamenti:
Nigeria has Africa's fastest growing indigenous vehicle manufacturing sector.

It was the likely reason Toyota stayed away, and chose Ghana instead.

Many Nigerians are so daft that they see a foreign car maker building a plant in Ghana as a sign of good things happening in Ghana.

And they are so deluded that they think the carmaker not coming to Nigeria amounts to their 'snubbing' Nigeria.

HOW DELUDED.

The LESS number of foreign car makers we have in Nigeria THE BETTER.

WHY THE HELL do we want foreign competitors for INNOSON, Nord, ANAAMCO, PRO-FORCE, and other vehicle manufacturers we have in Nigeria?

Why are you crying for TOYOTA to come into Nigeria?

WHAT IS WRONG WITH YOU PEOPLE?

China and India don't do that. They discourage foreign car manufacturers and impose all sorts of regulations and taxes on them, while promoting LOCAL vehicle brands.

This is EXACTLY what Buhari is doing, with INNOSON and others. He has given INNOSON contracts to supply the FG with vehicles, and contracts to supply the Airforce with parts for its fighter jets.

But Toyota went looking around Africa for which country it could exploit the most, and chose Ghana, and Nigerians are in arms, saying ''You should have chosen us! Here! Come and fck us!''

Who made you people so thoughtless?

WHEN TOYOTA MANUFACTURE IN GHANA ON THE CHEAP, AND TAKE THEIR PROFITS HOME, WHO BENEFITS?

Not Ghana.

JAPAN DOES, while suppressing local, indigenous vehicle manufacturing capacity and efforts.

The MORE foreign car manufacturers stay away from Nigeria, THE BETTER for our local vehicle manufacturing industries, and the BETTER for our industrialisation.

Kindly get this simple fact into your heads.

Toyota plants not being in Nigeria is actually a big miss! The reason for establishing regional car assemblies is to take the product closer to the buyers. This means, orders from African countries for Toyota cars and parts will be processed in Ghana and shipped to those countries, including Nigeria.

Every car company or plant in Nigeria has its customers. Not everyone in Nigeria will afford a brand new Toyota car so its not like they are crushing the market for Innoson or the local competition.

Toyota will employ Ghanians and pay sales and corporate taxes to Ghana as well

socialmediaman:


Toyota plants not being in Nigeria is actually a big miss! The reason for establishing regional car assemblies is to take the product closer to the buyers. This means, orders from African countries for Toyota cars and parts will be processed in Ghana and shipped to those countries, including Nigeria.

Every car company or plant in Nigeria has its customers. Not everyone in Nigeria will afford a brand new Toyota car so its not like they are crushing the market for Innoson or the local competition.

Toyota will employ Ghanians and pay sales and corporate taxes to Ghana as well

Op is too deluded to know how things work out in a sane country

I'm surprised to see people willing to even educate this piece of shit. Definitely not me. I wish there was a block list on nairaland, at least I won't be seeing uneducated, silly and ridiculous posts like this that can pose a threat to your IQ level *spits

HitRun:
If N30,000 fit give person this kind energy to try spin the embarrassing snub wey toyota give 9ja, imagine wetin N100,000 fit do for the same person if he hustle legit hustle.

I feel only pity for the original poster. Poverty issa bastard!

I am glad y'all are seeing the privation induced person OP happens to be.

Op why?