Taking One slum at a time through Child Education, Women Empowerment and Social Entrepreneurship.
One Touch...Many Lives.
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Investment naturally flows to places where the environment is conducive, much like a bee and honey relationship.
Though I have never—and will not—compare the United States of America, with its over $28 trillion GDP, to our country, Nigeria, with a GDP of about $250 billion, less than 1% of the USA GDP, I want to simply observe, and note where investment flows and why: to places with an inevitable, favourable environment.
A typical example, the $1.1 trillion investment in-flow into the USA this month, was because of desirable environments and intangible assets.
This was achieved without the President jetting around the world to attract such investments.
I have always maintained that with the right Leadership, prioritizing intangible assets, security, rule of law and resources allocated to productive sectors appropriately, that will unleash a productive society and allow entrepreneurship to thrive.
This, in turn, will attract investments comparable to those in other developing nations with large populations, just like ours.
For example, Indonesia, with a similar population of around 265 million—just 10-15% more than Nigeria’s 230 million—has invested in critical areas like healthcare, education, and poverty alleviation. This focus has enabled them to achieve significant development and attract foreign investments.
Countries like Indonesia, with a nominal GDP of approximately $165 billion in the year 2000, now have a GDP of about $1.39 trillion in the year 2024—an increase of over 8 times.
Countries like India, with a nominal GDP of approximately $476 billion in the year 2000, now have a GDP of about $3.73 trillion in the year 2024—an increase of nearly 8 times.
Countries like Vietnam, with a nominal GDP of approximately $31 billion in the year 2000, now have a GDP of about $506 billion in the year 2024—an increase of over 16 times.
Our country Nigeria, with a nominal GDP of approximately $70 billion in the year 2000, now has a GDP of about $210 billion in the year 2024—an increase of over 3 times.
What we require at this stage is to learn from these comparable countries what they have done to achieve such growth and religiously apply those strategies.
Indonesia now attracting about 10 times the foreign direct investment than we do.
This is the kind of economic shift we should aim for by replicating the strategies of nations that have succeeded in similar circumstances.
For us in Nigeria, all hope is not as a new productive remains POssible. -PO
Tayo (2009 set) visited the Makoko Dream Foundation School (founded by Emmanuel Agunze from 2013 set) to upskill students on bead making
@makokodream is run by Emmanuel Agunze (2013 set)
Visit 🔗 https://t.co/iXJCF7gXUK to find more volunteering opportunities near you
On Tuesday, October 31st 2023, Trashusers was at the @makokodream foundation to engage the kids.
The enthusiastic children were taught Upcycling and also indulged in an SDG game to get acquainted with the 17 goals.
Good News!
Public Affairs Officer, PAO, @USConsulateLagos Mr. Joseph Kruzich visits the @Makokodream School, a tuition free school for children in The Makoko slum community.
He was pleased and amazed at the works done in the school.
@WashFellowship@USEmbassyAbuja#Makokodream
@OfficialBuy9ja@larryhyle@pbtips_@LouieDi13@nickibillz@vineoflagos This is a big lie. We returned your product ( a drone) within one day cos it was not functional. This is over 2 weeks and no refund. You people also said you won't refund, that I have to take the fake drone like that. It will never be well with you @OfficialBuy9ja.
@OfficialBuy9ja Refund our money for drone that you supplied which is not working. The drone has long been returned, but you are yet to refund us. Don't be unfortunate. Refund our money now.
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Good News! Over 60 Makoko Dream School children received free bags courtesy DOLLTRX.
The excitement was amazing.
The Makoko Dream... One touch... Many Lives.
#Makoko#Makokodream https://t.co/fxAGupOOcX