Why Are We Backward Economically

Forwarded as written :

£1 = N635

$1 = N480


*IN 1980 NIGERIA EXCHANGED 80kobo to 1$*



*We should not be shocked.*

*We had been much more productive in 1980 than we’re at this time*

*In 1980 the important thing causes for financial development had been are as follows:*

*1) We had been a web exporter of refined petroleum merchandise. Today we import all our refined petroleum merchandise.*

*2) We rode in regionally assembled automobiles, buses and vehicles. Peugeot automobiles in Kaduna and Volkswagen automobiles in Lagos.*

*Leyland in Ibadan and ANAMCO in Enugu produced our buses and vehicles.*

*Steyr at Bauchi producing our Agricultural tractors.*

*And it was not simply Assembly, we had been producing most of the elements.*

*Vono merchandise in Lagos producing the seats.*

*Exide in Ibadan producing the batteries, not only for Nigeria however for your complete West Africa.*

*Isoglass and TSG in Ibadan producing the windshields.*

*Ferodo in Ibadan producing the brake pads and discs*

*Tyres produced by Dunlop in Lagos and Mitchelin in Portharcourt.*

*And I imply tyres produced from rubber plantations positioned in Ogun and Rivers State.*

*3) We had been listening to Radio and watching tv units assembled in Ibadan by Sanyo.*

*4) We had been utilizing fridges, freezers and Airconditioners produced by Thermocool and Debo.*

*5) We had been placing on garments produced from the UNTL textile mills in Kaduna and Chellarams in Lagos.*

*Not from imported cotton however from cotton grown in Nigeria.*

*6) Our water was operating by means of pipes produced by Kwalipipe in Kano and Duraplast in Lagos .*

*7) Our bathrooms had been fitted with WC produced at Kano and Abeokuta.*

* We had been cooking with LPG fuel saved inside fuel cylinders produced on the NGC manufacturing unit in Ibadan.*

*9) Our electrical energy was flowing by means of cables produced by the Nigerian wire and Cable, Ibadan and Kablemetal in Lagos and Portharcourt.*

*10) We had Bata and Lennards producing the footwear we had been placing on*

*Not from imported leather-based however from regionally tanned leather-based at Kaduna.*

*11) We had been primarily flying our airways, the Nigeria Airways, to most locations on this planet.*

*The Airways was concerning the greatest in Africa at the moment.*

*12) Most of the meals we ate had been being grown or produced in Nigeria*.

*We had been producing the entire above and extra in 1980*

*Today, we import virtually every thing.*

*There lies the supply of the horrible change price we’re experiencing at this time and all people studying this has a essential position to play in reversing this very UGLY development.*

*We have been speaking about these issues and extra for ages…*

*It just isn’t sufficient for us to complain concerning the change price or level out what others aren’t doing or are failing to do, the important thing query is what are we producing or what are we planning to provide?*

*Going ahead, it is time to ponder and think of the way ahead progressivesly earlier than it is TOO LATE.*

*What options do you take into consideration*.

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