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Showing posts from February, 2021

Latecomer Development Can Be More Sustainable

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Having now experienced life on both fast and slow lanes, cooking on both fast and slow cookers, my preference is for the slow and steady options in life. When I see speedy 'arrivals', I am more careful to consider its processes and procedures, than thrilled by the euphoria of success. The early industrializers and their technologies wrought tremendous damages to the planet. Also, the spirit of capitalism and greed for profit tends to erode our humanity and concern for goodwill and peaceful coexistence. Latecomers and laggards in development, otherwise known as developing countries, can leverage cleaner technologies, innovation and knowledge to industrialize sustainably. Development should not be another rat race. Slowly, steadily and sustainably, we can build circular economies, save the planet and revive our humanity. Yes we can. #sustainable development #savetheplanet #circulareconomy #people #industrialization #transformation

Nigeria: The Ultimate Footprint in Africa

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For those who know already and for others who may care to be informed, Africa is the next global engine of growth. The next civilization that will make the achievements of the West pale into insignificance is emerging from the hitherto 'third world'. You can safely engrave these words in gold. Africa and its national policy environments are becoming most favourable to foreign direct investments (FDIs) as against portfolio investments, because FDIs tend to be more value- and employment- creating than portfolio investments. Development literature also attest to the knowledge spillover and demonstration effects from the presence of foreign firms in domestic economies. Moreover, the launch of the Africa Continental Free Trade Area  signals a new trajectory for the Continent's contribution to global trade and value-chains. All these are signals to smart investors who may seek to gain a first-mover advantage in specified areas of goods and services delivery on the Continent.  It