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How Nigeria could develop

This is the direct link to the Harvard article on how Africa (and indeed Nigeria ) can develop. The covid-19 pandemic just made me look like a seer: labour would be unbounded by geography, and comparative advantages based on cost would diminish, as you move upstream in the labour capability pyramid.

"Africa can no longer depend on global manufacturing to become industrialized, nor can it simply mimic China’s policies. But if Africa educates its citizens, integrates effectively on trade and currency, and improves intra-African trade, its industries can compete at least to serve its local markets. Where that happens, Africa can attain industrialization faster by scaling indigenous innovations and utilizing AI as enablers"

 

The problem is we are too traditional and backward in our thinking, when it comes to development. Even among the so called educated class, once it gets to generating ideas and executing, we quickly revert to traditional methods.

When we liberalized telecom industry, we didn't go back to lay copper cables and wired telephones, rather we took off with what was the present and future: GSM and optic fibres. Did we apply same when we borrowed money for railway? No, rather than investing in trains and railway lines of the future; we revert to locomotives!

What is the future of energy generation and distribution? Rather than investing massively there to be ahead of most nations, we are still looking at maintaining and expanding moribund grid systems, including energy sources that will become irrelevant few decades from now.

How do we view education and healthcare of the future? Instead of setting the pace, we are bent on doing what some nations did centuries ago, and by the time we are done, everything has become obsolete!

I can go on and on, but this tells you a lot about how we think and act. Those who haven't built infrastructures have the opportunity to do what big nations are still debating on, but we want to go back first.