In this videocast, I make a case why Nigeria must look beyond the center as it works to develop a homegrown manufacturing plan. Manufacturing is critical for job creation but using the Smiling Curves, there are many other elements in commerce that must be enabled for a strong economic system. If you neglect those elements, you just keep being busy while other countries get all the values. We use cases of banking and publishing to support our thesis for a new plan that is wholistic, beyond the ability to make just pencils and toothpicks in Nigeria. We need to build brands and create original ideas.
The images in the video are very poor; I have updated them with clearer ones below. I made the original ones while in an airport; drew them and took photos with my phone.
I see why ISPs like MTN and Airtel keep making the money while vendors like Ericsson, Huawei would crawl. Same goes for oil and gas, Shell, Chevron, ExxonMobil make the money while NNPC just sits their giving archaic regulations.
Internet, obviously, has crushed the industrial era. But our government will never learn.
Recycled leadership kills us by the second. Youths are not even ready. Too bad. Too bad.
Very good insight. The value is shifting and nations must plan strategically to align. It is a huge factor and we must invest in new areas to be competitive.
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Values will always keep changing with each generation due to tastes, preferences and perception and the only way to stay relevant is to be strategic. Strategic in the sense that we must understand that adaptability is the ultimate strategy.
As a nation, we cannot be competitive if all we do is react to change, that is, adapting after the change has occurred, which is what is prevalent in Africa and most developing nations instead of before the change (or worse case – during the change).
It is high time we invest in finding new ways and new areas to influence and induce change. We must learn to read the waves and predict when and where the tide is going.
Great insights that values will change and we have to be strategic to be competitive.
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