To balance my opinion, please note that the location of Porsche in Nigeria is not out-rightly wrong. After all, if we have visionary and economic-oriented government, it could also have the tendency of creating ancillary SMEs with the capacity to further produce fittings and parts that support the industry.
Ken
Quote
Very true, No doubt i agree with you to some extent however,you have to note that this gesture signals investor confidence and sends a message to other multinationals that there is market for their products. Of course Porsche must have done market research before setting up shop in Nigeria. Their findings did lead them to the choice of opening up the dealership otherwise they would have gone to Ghana or some other country. More money pouring into Nigeria means lessening strict government policies which means favourable business climate which ultimate means a growing economy and creation of jobs in other industries. ---Phillip
UnQuote
Ken and Phillip:
Thanks for sharing your opinions and telling the flip side of the story.
My only concern is that Nigeria should be creating more tangible jobs
from these kinds of investments beyond those that will be created in the sales,
parts and service departments of the dealerships.
Nigeria used to assemble the parts for Volkswagen and Volvo cars that were
sold in the Nigerian and West African market in the mid 1970s. Those jobs have now
disappeared, not so much because the products were sub par--but because of the
lack of reliable electrical energy.
As Ken wrote there must be a balance in every government policy. Nigeria cannot continue to spend
96 trillion Naira on the importation of food (mainly rice) and hundreds of billions on luxury products
without developing our own industries starting with Agriculture, Garments etc.
What would Nigerians do when the oil wells finally finally dry up and we still remain dependent on the rest of the world
for the bulk of our food and our thirst for luxury products remain unabated?
Bye,
Ola
Ken and Phillip:
Thanks for sharing your opinions and telling the flip side of the story.
My only concern is that Nigeria should be creating more tangible jobs
from these kinds of investments beyond those that will be created in the sales,
parts and service departments of the dealerships.
Nigeria used to assemble the parts for Volkswagen and Volvo cars that were
sold in the Nigerian and West African market in the mid 1970s. Those jobs have now
disappeared, not so much because the products were sub par--but because of the
lack of reliable electrical energy.
As Ken wrote there must be a balance in every government policy. Nigeria cannot continue to spend
96 trillion Naira on the importation of food (mainly rice) and hundreds of billions on luxury products
without developing our own industries starting with Agriculture, Garments etc.
What would Nigerians do when the oil wells finally finally dry up and we still remain dependent on the rest of the world
for the bulk of our food and our thirst for luxury products remain unabated?
Bye,
Ola
-----Original Message-----
From: ukaoha ken <kennants@yahoo.com>
To: NaijaPolitics@yahoogroups.com <NaijaPolitics@yahoogroups.com>; philipphilipus@yahoo.com <philipphilipus@yahoo.com>; NigerianID@yahoogroups.com <NigerianID@yahoogroups.com>; USAAfricaDialogue@googlegroups.com <USAAfricaDialogue@googlegroups.com>; NIgerianWorldForum@yahoogroups.com <NIgerianWorldForum@yahoogroups.com>; omoodua@yahoogroups.com <omoodua@yahoogroups.com>; nigerianscanada@yahoogroups.com <nigerianscanada@yahoogroups.com>
Sent: Mon, Sep 5, 2011 5:22 am
Subject: Re: [NaijaPolitics] Porsche Opens Dealership In Nigeria
Ken
From: "OlaKassimMD@aol.com" <OlaKassimMD@aol.com>
To: philipphilipus@yahoo.com; NigerianID@yahoogroups.com; USAAfricaDialogue@googlegroups.com; NaijaPolitics@yahoogroups.com; NIgerianWorldForum@yahoogroups.com; omoodua@yahoogroups.com; philipphilipus@yahoo.com; omoodua@yahoogroups.com; nigerianscanada@yahoogroups.com
Sent: Monday, September 5, 2011 3:50 AM
Subject: [NaijaPolitics] Porsche Opens Dealership In Nigeria
From: ukaoha ken <kennants@yahoo.com>
To: NaijaPolitics@yahoogroups.com <NaijaPolitics@yahoogroups.com>; philipphilipus@yahoo.com <philipphilipus@yahoo.com>; NigerianID@yahoogroups.com <NigerianID@yahoogroups.com>; USAAfricaDialogue@googlegroups.com <USAAfricaDialogue@googlegroups.com>; NIgerianWorldForum@yahoogroups.com <NIgerianWorldForum@yahoogroups.com>; omoodua@yahoogroups.com <omoodua@yahoogroups.com>; nigerianscanada@yahoogroups.com <nigerianscanada@yahoogroups.com>
Sent: Mon, Sep 5, 2011 5:22 am
Subject: Re: [NaijaPolitics] Porsche Opens Dealership In Nigeria
Thank you Ola,
The question is: although this can create some level of employment, but we must analyse the overall impact especially looking at the extent/capacity to which this would reduce poverty. If we calculate how much the owners of the company shall be raking back to their country given that this is 'luxury' consumption, then, we may be doing some good economic rethinks and industrial/investment prioritization.
For the records, Nigeria spent about N98trn on the importation of food into this country between 2007 - 2010. What this summarizes is the measure of hunger pervading the economy/population. However, if the same country is spending close to US400bn annually on importation of cars/vehicles, and yet, almost about 70% of the population are under the poverty bracket. Then, my conclusion is that "we are more than all men most miserable"!!!
Perhaps we need some touch on our policies to ensure that we set the priority right so that our industrialization or investment pursuit would tilt towards food production and processing in order to reduce the hunger, poverty and insecurity results while also creating jobs in the process!
To balance my opinion, please note that the location of Porsche in Nigeria is not out-rightly wrong. After all, if we have visionary and economic-oriented government, it could also have the tendency of creating ancillary SMEs with the capacity to further produce fittings and parts that support the industry.
President
NATIONAL ASSOCIATION OF NIGERIAN TRADERS (NANTS)
Plot 19, Dan Suleman Street, Behind Utako Ultra-mordern Market
Utako District, FCT - Abuja, Nigeria
Tel: 234-9-6719963, www.nants.org
Mobile: 234-08033002001, 08056007788, 07083556633
From: "OlaKassimMD@aol.com" <OlaKassimMD@aol.com>
To: philipphilipus@yahoo.com; NigerianID@yahoogroups.com; USAAfricaDialogue@googlegroups.com; NaijaPolitics@yahoogroups.com; NIgerianWorldForum@yahoogroups.com; omoodua@yahoogroups.com; philipphilipus@yahoo.com; omoodua@yahoogroups.com; nigerianscanada@yahoogroups.com
Sent: Monday, September 5, 2011 3:50 AM
Subject: [NaijaPolitics] Porsche Opens Dealership In Nigeria
Luxury car manufacturer Porsche has opened a dealership in Nigeria reaffirming the country's status as the top economy of the world. This is great news for the Nigerian economy, however,it remains to be seen how successful the company will be.
http://on.fb.me/nAD1OM
Phillip:
Really!!!!
Is the existence of luxury car dealerships is now a legitimate measure of a nations economic status in the world?
How many good roads can the Porsche owners `race`their cars on outside of Abuja and the GRAs of the major cities
in Nigeria without running into potholes some large enough to swallow five to ten cars, even in the dry season not to
mention the huge ponds on the roads in the wet season?
Nigerians--not just the Yoruba need to Ronu (need to think deeply / engage in a deep reflection
Is the existence of luxury car dealerships is now a legitimate measure of a nations economic status in the world?
How many good roads can the Porsche owners `race`their cars on outside of Abuja and the GRAs of the major cities
in Nigeria without running into potholes some large enough to swallow five to ten cars, even in the dry season not to
mention the huge ponds on the roads in the wet season?
Nigerians--not just the Yoruba need to Ronu (need to think deeply / engage in a deep reflection
(abi na meditate sef) about the mess we are in and the relentless
retrogressive direction of the wheels of economic``progress`` in our motherland.
Apart from the 0.001% of the Nigerian population
who exist in a different cocoon of their own, the kinds that can afford to pay cash for luxury automobiles
such as for a Porsche or the most expensive Mercedes,
Audi, BMW etc, I doubt if the opening of a Porsche dealership in Nigeria would bring any
tangible economic benefit for our people
To the contrary the importation of expensive automobiles and other luxury items has a huge negative impact on the Nigerian economy
due to its negative effect on the balance of trade account of the nation which in turn has the potential to lower her credit rating
and the value of the Naira.
Have you ever imagined how many barrels of crude oil Nigeria (essentially a mono economy) has to pump and sell to the rest of the world in order to pay for each imported Porsche automobile from Germany?
The thieving and incompetent politicians are not solely responsible for the mess in Nigeria.
All citizens are responsible, either by acts of commission or omission--the rich by their selfish me only attitude and their inordinate greed and the rest of the population including the
educated struggling middle class whose numbers are dwindling rapidly and the rest of the population (sans the newborns and those of who are not yet of age)
both for their docility and their apparent nonchalance about the mess and all the corrupt practices that pervade official and private lives in the country.
Unfortunately for Nigeria and Nigerians the political leaders have no moral authority to proclaim a ban on the importation
of luxury products --considering they are the most addicted to these luxury items!
Bye,
Ola
retrogressive direction of the wheels of economic``progress`` in our motherland.
Apart from the 0.001% of the Nigerian population
who exist in a different cocoon of their own, the kinds that can afford to pay cash for luxury automobiles
such as for a Porsche or the most expensive Mercedes,
Audi, BMW etc, I doubt if the opening of a Porsche dealership in Nigeria would bring any
tangible economic benefit for our people
To the contrary the importation of expensive automobiles and other luxury items has a huge negative impact on the Nigerian economy
due to its negative effect on the balance of trade account of the nation which in turn has the potential to lower her credit rating
and the value of the Naira.
Have you ever imagined how many barrels of crude oil Nigeria (essentially a mono economy) has to pump and sell to the rest of the world in order to pay for each imported Porsche automobile from Germany?
The thieving and incompetent politicians are not solely responsible for the mess in Nigeria.
All citizens are responsible, either by acts of commission or omission--the rich by their selfish me only attitude and their inordinate greed and the rest of the population including the
educated struggling middle class whose numbers are dwindling rapidly and the rest of the population (sans the newborns and those of who are not yet of age)
both for their docility and their apparent nonchalance about the mess and all the corrupt practices that pervade official and private lives in the country.
Unfortunately for Nigeria and Nigerians the political leaders have no moral authority to proclaim a ban on the importation
of luxury products --considering they are the most addicted to these luxury items!
Bye,
Ola
-----Original Message-----
From: philipphilipus <philipphilipus@yahoo.com>
To: NigerianID@yahoogroups.com
Sent: Sun, Sep 4, 2011 4:14 am
Subject: NigerianID | Porsche Opens Dealership In Nigeria
From: philipphilipus <philipphilipus@yahoo.com>
To: NigerianID@yahoogroups.com
Sent: Sun, Sep 4, 2011 4:14 am
Subject: NigerianID | Porsche Opens Dealership In Nigeria
Luxury car manufacturer Porsche has opened a delearship in Nigeria reaffirming the country's status as the top economy of the world. This is great news for the Nigerian economy, however,it remains to be seen how successful the company will be.
http://on.fb.me/nAD1OM
http://on.fb.me/nAD1OM
__._,_.___
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Latest Version of Disclaimer released (December 15, 2005)
Forum members are reminded that NaijaPolitics is established to be a moderated forum for gavel-to-gavel discussion of political developments in Nigeria, Africa's largest democracy. Freedom of opinion/expression is inherent in NaijaPolitics. Views and opposing views expressed in NaijaPolitics forum are the rights of individual contributors. Mutual respect for people's views is the corner stone of our forum. Freedom of speech applied responsibly within the guiding parameters of Yahoo! Inc (our hosts) and NaijaPolitics Rules and Guidelines (broadcast monthly and accessible to all subscribers in our archives) is our guiding principle. Everyone posting to this Forum bears the sole responsibility for any legal consequences of his or her postings, and hence statements and facts must be presented responsibly. Your continued membership signifies that you agree to this disclaimer and pledge to abide by our Rules and Guidelines.
NaijaPolitics is division of Afrik Network Groups.
Latest Version of Disclaimer released (December 15, 2005)
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