Oluyomi Ola-David Insights

Observe chocolates We like them crunchy And many times chewy Belgium’s closet tends to pack them best   Observe top fashions We like them classy And many times tailored Italy’s closet tends to craft them best   Observe watches We like them ticking And many times blinging Switzerland’s closet tends to trade them best   Observe citrus fruits We like them juicy And many times fresh Israel’s closet tends to prune them best   Observe software We like them proprietary And many times rated USA’s closet tends to code them best   Observe vegetables We like them green And many times organic Mexico’s closet tends to grow them best   Observe cars We like them fast And many times functional Japan’s closet tends to assemble them best   Observe cuisines We like them continental And many times local France’s closet tends to serve them best   Observe manufactures We like them sundry And many times cheap China’s closet

Deep within Nigeria's and Africa's inundating socio-economic problems lay streams of opportunities and potential for socio-economic strengthening. However, more often than not, a considerable majority of indigenous populations, who may be without visionary perspectives, merely bemoan the numerous challenges. Thankfully, the inflow of human capital and financial capital from oversea territories increasingly serve to jolt local sleeping giants to action. For instance, soon after a stream of foreign-owned firms expanded the output of the Nigerian telecommunications sector at the turn of the century, an indigenous telecommunications firm emerged to claim part of the market share. Moreover, several cases of knowledge spillovers from 'foreign presence' in various industries are apparent in the recent development history of Rwanda, Madagascar, and Kenya amongst others. In the light of these, foreign direct investment as well as portfolio inflows to Africa's largely untappe

Once upon a time, electronic and auto products made in Asian countries were tagged 'inferior' to their Western alternatives, perhaps they were. For instance, during my early childhood years, I learnt to associate anything marked by a 'Made in Taiwan' label with something less than the 'acceptable' standard. Many Asian firms started and grew mostly through reverse engineering processes, by which they sought to imitate and replicate technology standards created by industrialised countries. Their processes rode on cheaper location costs, enabling policy environments and change vanguards in local industry, to birth some of the most competitive and adaptive products in the global market. Today, it is needless to say that China and neighbouring Asia are a go-to for skilled labour and manufacturing solutions. Apparently, there may be lessons in economic and business history for latecomer African manufacturing.    With sheer enterprise and human rights-based initiative,