Building 1 million diversified factories in Nigeria, could generate on the order of ₦760 trillion in annual revenues, and contribute ₦342 trillion of economic activity annually. Over 10–20 years, a cumulative impact would reach about ₦6.9 quadrillion. In addition to that, an added 60 million direct manufacturing jobs and another wave of jobs in supporting sectors. This level of industrialization would fundamentally transform Nigeria’s economy. It would only cost about ₦760 trillion to build these 1 million factories, which means the investment would yield it’s return in just about 1-2 years. References available.
Building one million diverse factories across agriculture, energy, and manufacturing would potentially halve Nigeria’s import-driven FX outflows (saving an estimated ₦32 trillion to about ₦49 trillion. After 20 years of building, operating and maintaining these one million factories, Nigeria would have reached 90% self sufficiency. Becoming Africa’s factory would be the next phase after year 20.
Story for the dead, official vehicles for the heads of all Nigerian parastatals is still Toyota. In a second those cars can be ditched for Nigerian made cars but government officials love their Toyotas. From now to the end of 2025 Nigerian government will still buy Toyotas. Only cooperations try to patronize local products.
Let President Tinubu start by driving a made in Nigeria car…jokers. Do they eat grown in Nigeria food in Aso villa. We don’t eat that here in Aso villa. Never 😂😂
Bukola is asking a silly question and questions that could put Innoson in trouble with the government. The question is meant for people in government. It’s everytime you ask people difficult questions.
For me bro sometimes please ignore all this nonsense Chanel in nigeria look at the kind of question his asking you so that when you say something they will use it against you there not here to help you is set up business there doing
I find the Lady Anchor really annoying. Why ask the seller of a product why the Government has not been buying his cars? The question should be directed at those in government.
The import waiver was delayed and was reponsible for the crash of rice since December
Building 1 million diversified factories in Nigeria, could generate on the order of ₦760 trillion in annual revenues, and contribute ₦342 trillion of economic activity annually. Over 10–20 years, a cumulative impact would reach about ₦6.9 quadrillion. In addition to that, an added 60 million direct manufacturing jobs and another wave of jobs in supporting sectors. This level of industrialization would fundamentally transform Nigeria’s economy. It would only cost about ₦760 trillion to build these 1 million factories, which means the investment would yield it’s return in just about 1-2 years. References available.
Building one million diverse factories across agriculture, energy, and manufacturing would potentially halve Nigeria’s import-driven FX outflows (saving an estimated ₦32 trillion to about ₦49 trillion. After 20 years of building, operating and maintaining these one million factories, Nigeria would have reached 90% self sufficiency. Becoming Africa’s factory would be the next phase after year 20.
Without steady cheap electricity, no meaningful industrialisation can be achieved.
Story for the dead, official vehicles for the heads of all Nigerian parastatals is still Toyota. In a second those cars can be ditched for Nigerian made cars but government officials love their Toyotas. From now to the end of 2025 Nigerian government will still buy Toyotas. Only cooperations try to patronize local products.
Let President Tinubu start by driving a made in Nigeria car…jokers. Do they eat grown in Nigeria food in Aso villa. We don’t eat that here in Aso villa. Never 😂😂
Bukola is asking a silly question and questions that could put Innoson in trouble with the government. The question is meant for people in government. It’s everytime you ask people difficult questions.
For me bro sometimes please ignore all this nonsense Chanel in nigeria look at the kind of question his asking you so that when you say something they will use it against you there not here to help you is set up business there doing
Sir Chukwuma answers some questions like a politician and am not comfortable with that
I find the Lady Anchor really annoying. Why ask the seller of a product why the Government has not been buying his cars? The question should be directed at those in government.