«Home

Is Development All About Personal Wealth?

One thing keeps ringing in the words of those foolishly condemning Nigerians in the diaspora; it would seem that to them, that development simply means acquiring personal wealth and comfort. One of Nigeria's major problems is greed, with Farida Waziri even believing it to be a mental health issue.

The majority of us, however believe that development is a collective thing. Everyone benefits, everyone contributes, the government must lead and empower.

It is a failure for government to blame its citizens, instead, it must be at the forefront, sacrificing to create an enabling environment to spur growth and development. This includes power supply, rule of law, reduction of bureaucratic processes, investment in transportation, communications, health, education and IT.

There should also be tax breaks and other juicy incentives for Nigerians only, to encourage transfer of technology or innovation.

Above all, there must be investment in people. This includes caring for citizens both home and abroad, as well as, setting up means to harness individual talents for the benefit of all.

When the govt cares for the people, they will respond by caring for each other.

The scene in the image below is not in the least possible in Nigeria; it shows the Toyota Motorsport Chairman and Team Principal Tadashi Yamashina weeping when asked about the future of their young Formula 1 drivers at a news conference to announce their withdrawal from the sport (mainly due to cost in the current global downturn) . The interview took place at the company's headquarters in Tokyo November 4, 2009. Can an employer ever weep for their employees in Nigeria? Can our govt ever weep for an individual Nigerian?

Avatar
Newbie
48 answers

What the @Poster is asking, or my interpretation of the question, is when considering development in a COUNTRY, does the wealth obtained by individuals, even selfish ones, what counts? Take for instance, you take a poll on here on what people see as signs of development in NIgeria, and you are bound to read some people talk of how people like Dangote, Otedola have been able to make billions in the current environment and how that is sign of COUNTRY-WIDE development. Some will give examples of their so-called peers being more money and living better lives as signs that the country as a whole is moving in the right direction.

0
Avatar
Newbie

@beaf

i beg to disagree with u,,we are talking about private citizens here.,citing a well to do nigerian as an example,the only thing that he cares about is himself and his nuclear family.,he doesnt care about his extended family talkless of his environs.People care less about the society nowadays even the government is not excluded.

0
Avatar
Newbie

Can the society develop without the individuals that make up the society being developed? I don't think so.

Is it possible to see a prosperous nation without prosperous people? I don't think so.

In the final analysis even government boils down to the individuals who are either selected or elected to take charge of the affairs of the people.

So, we may need to rephrase the title for us to appreciate the facts of the matter.

0
Avatar
Newbie

And how is a woman's achievement measured?

Where does society come in, if development is all about the individual achievements of males?

0
Avatar
Newbie

Let's call a spade a spade!! Monopoly is partly key to success in a Business jungle like that.

You can say that again!

0
Avatar
Newbie

@topic

Yes, that's d meaning of the word in Naija.

0
Avatar
Newbie

I think so because these days a man's achievement is measured by his money and other valuables he possesses.,whether you develop yourself or not doesnt ring a bell even to you,,i mean you poster

0
Avatar
Newbie

i don't believe our constitution is that weak on corruption, its the enforcement of what is even there that is the major issue, the law enforcement agencies and the courts?

0
Avatar
Newbie

I think a fundamental question is why it is so easy to be corrupt in Nigeria. My answer is that the constitution has way too many loopholes (deliberate?), we need to push to block them.

0
Avatar
Newbie

Guys, i do not see monopoly here, I only see a businessman who keeps succeeding in anything he lays his hands on. Any businessman will do what it takes to succeed and remain at the top. The problem with some Nigerian businessman is that they fear risk and chicken out at any slightest attempt to compete with them. We should not blame Dangote for courageous to hold the reins of his business and remaining on top despite the hash business environment we are in. He is a good strategist; and no businessman can survive without this.

0
Avatar
Newbie

my take on this, is that we have to fight corruption in all its facets, that is the only way we can general development in the country,

0
Avatar
Newbie

Monopoly kills innovation.

Monopoly even destroys the business because its growth will remain stunted.

Anybody can make money if he/she is running a business that is based on monopoly.

There is nothing good about monopoly.

Unfortunately, most (if not all) of our business men and women that enjoy such may not be able to survive in an atmosphere of competition.

0
Avatar
Newbie

No matter what; MONOPOLY is not good for any economy.

0
Avatar
Newbie

That is UNFAIR judgement there. The man is like most every other business man in the jungle. He does all he can to ensure His business continues to experience growth at most all cost. Even small business owners tend to do the same thing. He is no different from the man that believes when He provides for SELF first, people around him will benefit in one way or another and that means Nigeria development for the country.

That could not be far from the truth. What I call the age of SELF RELIANCE has been around for almost 25 years in Nigeria. It started right about the time when Babangida took office back in 1985; people started preaching that self reliance was probably the way to go( Don't expect Government to do for you, do it for self). Well, 25 years later, we have significant figures to work with in understanding how effective that whole exercise has been in building the nation as a whole. What are we going to do with that knowledge? Continue to believe that the status quo is ok? or figure out it might be time to try a different approach to solving our problems? And maybe that HELPING SELF FIRST is not really as good as it sounds.

0
Avatar
Newbie

YOU ARE WRONG. A good business man does NOT monopolize markets, he allows for competition and knows that his business ideas can survive. Actually NOT monopolizing markets will allow the competition to create jobs for citizens.

DANGOTE IS A GREEDY slowpoke.

0
Avatar
Newbie

@ Getiso. You might be wrong there. Dangote has greatly helped in the economic development of this nation. He has really been commited to Nigeria in many ways. Beside creating jobs, he generates tax for the government, he takes care of the community where he has his factories and he is an advocate of good governance.

0
Avatar
Newbie

seriously one of the major issues we have in this country is corruption,

how do we tackle corruption when the machinery that put our leaders their in the first place is intrinsically corrupt.

the shame going on at the Under 17 world cup is just one of the examples. How do you buy second hand machinery for 8.billion,

whilst South Africa buys brand new of that same machinery for 6 Billion.

at this point i'm tired of all the talk on the ills of Nigeria, things are not getting any better.

what do we do, what is the way out that is what i want to hear.

action, action, action.

0
Avatar
Newbie

Dangote is a very greedy man. He can never weep fr any of his staff he would rather see them go hungry or die. He has virtually monopolise the Nigerian Market. and at the same time created barriers so that others will not gain entry into his business areas. Those already there he looks for means to ursup them and get them out.

0
Avatar
Newbie

I believe personal development is the key that will save this our great nation from falling total .We are not fighting against flesh and blood at all .Ignorance many destiny in Nigeria than any thing I encourage all to know that love is great weapon to help us win this war we are facing now.

0
Avatar
Newbie

Our greediness is our problem

0
Avatar
Newbie

how many people can use their own money to build their community? i see beautiful houses all around, but the roads leading to these houses are all messed up?

0
Avatar
Newbie

I think it is hard to discount the positive part that faith / religion plays in the life of the Japanese. These people have maintained their traditional belief of Shinto and Buddhism despite attack from Christianity. They believe.

Honour and integrity play such a big part in their culture, hence some of them Will commit 'harikiri' when failure strikes.

In truth, i don't see any chief exec in UK or USA crying because they have to make people redundant - Cultural thing.

In Nigeria's case if this was true, we for don cry river. Religion for our politicians is schizophrenic, Islam or Christianity by day, evil ritualism by night. Jekyll and Hyde.

0
Avatar
Newbie

Talking. Talking. Talking. Talking. Talking. Talking.

0
Avatar
Newbie

I think we should start by asking IBB who still has $12b oil windfall in his pocket. how about Alams, Joshua Dariye just to mention a few

0
Avatar
Newbie

I'm simply not a fan of talking about it, but doing it. We can talk from now till thy kingdom come, nothing will happen until action is taken.

0
Avatar
Newbie

For sake of this thread, development is a process of growth. And the process is a series of events to produce a result in a given system or set of procedures used to produce result.

Let us examine Nigeria in the lights of development. The issue of process is paramount to growth, hence developments. There are factors and variables that will combine to represent events within a process that will manifest into a good or bad result. It is the strength of dynamic cohesion during the process that will fuse the factors and variables together to produce the desired results.

Nigeria is an entity that is required to grow. The factors and variables included the people, form of education, land, climatic conditions, culture and method of government.

Until the inhabitants of the geographical expression known as Nigeria take critical look at the factors and variables that are lodged into a process in the country, the development we all envisaged for the nation would remains as elusive as a mirage. However, if the personal wealth is a resultant of a process that saw any bit of growth, then it is a form of development.

0
Avatar
Newbie

There will be no tangible development in NIgeria until we practice a free and fair election.

0
Avatar
Newbie

The answer to our national development is connected with the level of our social capital. That promotes trust, accountability, values, patriotism and makes business easier.

0
Avatar
Newbie

There is obviously something the FG is missing (matter of fact, it is several things) that could make an individual so committed to both his country, company and fellow humans: he is a completely balanced individual.

http://www.nytimes.com/2009/11/05/sports/autoracing/05prix.html

What a guy! What a guy!

Tadashi Yamashina is not a spirit, neither is he made off special stuff, it is just a coincidence that he was born in a country with the right circumstances for him to very rightly rise to the top. It is certain that a man of his fibre would be to "weak" to make it in the brutish environment Nigeria currently offers. Needless to say, he is at the top in one of the most successful companies to grace the Earth; the area he was involved in (Formula 1) is so advanced, that it hooks into national defense, space, aeronautical, automobile and other cutting edge technologies.

If the FG can get it right, there will be no end to citizens willing to sacrifice their all, both for the country and for their comrades. Development is not mechanical, it is more a societal / community thing,  more to do with cooperation to build to higher heights. If citizens gain a feeling of belonging and are respected, they will push for their collective benefit and drive development.

We can change things if we try, positive ways forward (without the corrupt FG) need to be identified. We too can get there.

0
Avatar
Newbie

No chance, and I dont think that's debatable. There is a huge difference betwen individual wealth and the

general development of a country. I dont even think that should come up for discussion.

Nope. And I don't think an employee can weep when a company goes bust

The government must lead and empower for a country to develop. . . But for individual development

and wealth, it is up to the individual

0
Avatar
Newbie

Personal wealth is only measured in terms of per capita income. In countries that are underdeveloped including Nigeria, per capita income figures are "nothing to write home about".

0
Avatar
Newbie

While generation of jobs/taxes are a solid measure of economic wellbeing that can't be washed away, they are in no way a measure of development. For instance, a country might generate stupendous wealth from minerals, but remain undeveloped (e.g. Gabon).

These are unemployment rate figures for various countries, in various states of development:

[list]

[li]Thailand - 1.40%[/li]

[li]Cuba - 1.60%[/li]

[li]Russia - 6.40%[/li]

[li]United States - 7.20[/li]

[li]South Africa - 22.90%[/li]

[/list]

Source: https://www.cia.gov/library/publications/the-world-factbook/rankorder/2129rank.html

In no way are, Thailand, Cuba, Russia more developed than the US. Also, South Africa is much more developed than Cuba.

0
Avatar
Newbie

Its what you call passion for excellence. Some people are like that. They hurt so much when they cant meet their targets and expectations.

I sometimes wonder if the businesses run in Nigeria arent just exercises to boost people ego and make them feel just busy.

I have read about the world 1000 brands. Nothing from Nigeria has made it there. The same with universities. Its a big pleasure to know this.

It gives me a great opportunity to be the first Nigerian to make it to that list. I dont care about Forbes.

There are enough people there with ill-gotten wealth. Excellence isnt about money. Its not about beating the competition, its about overcoming your own dreams and expectations.

0
Avatar
Newbie

Its not miniscule; it the fastest metrics to measuring and documenting growth and development.

0
Avatar
Newbie

Clearly business and wealth should act as catalysts for development and government does their bit by creating an enabling environment (infrastructure, regulatory framework and security).

The problem we have is that we don't have enough large scale industries, we haven't reached critical mass, so the dangote's are conspicous by their presence.

I think the synergy between wealth and development is undeniable but those who can in Nigeria refuse to use wealth for development ends. We really need to be identifying those who can.

0
Avatar
Newbie

Beaf has raised some salient points but most of us look at development as being wealthy. A society that celebrates opulence without questioning the source can be a good definition of Nigeria. The end justifies the means and its all about the money but i beg to differ.

0
Avatar
Newbie

It encompasses all definitions of development. See http://en.wikipedia.org/wiki/Developed_country (the real deal). How, when and what can we do to measure up?

Creating jobs/generating taxes is a miniscule portion of development. It is more about completeness; the condition of the national psyche for one, how we approach and tackle issues, investment in intellectual knowledge as a resource etc.

0
Avatar
Newbie

Aliko Dangote is the richest man in Africa. If the above holds true, why are the states where he has business interests not developed? If he has created job opportunities, why are they so stunted that so few can key in (contrast with Silicon Valley or Las Vegas)? What is missing?

0
Avatar
Newbie

^^^^^^^^^^

to looter invisible system??

0
Avatar
Newbie

Yes indeed but at the same time paying taxes.

0
Avatar
Newbie

what form of development do u speak of ? its about much more but an essential part of economic development is about creating jobs/generating taxes for the government.

0
Avatar
Newbie

Here on Nairaland, a large majority of folks on here who profess to be the PATRIOTIC Nigerians seem to think so. Apparently, that their peers are able to run their PERSONAL businesses and make PROFITS for themselves in Nigeria translates to DEVELOPMENT.

0
Avatar
Newbie

^

You are bang on the money there about citizens not knowing their rights.

For each citizen to play their full part in national development, it is essential that each a individual knows both, knows their rights and what their nation demands of them.

Precisely, because no one knows what goes where, national development lacks definition and is governed by, stupidity, fuzziness, fits and starts, corrupt loopholes and the sickening displays of government "very busy doing nothing" that we see everyday.

The reason most Nigerians do not know their rights is primarily due to illiteracy.

However, there is a much more frightening manifestation, were the "educated" choose to either ignore or forego their rights as shortcuts to a full belly (one that eventually shoots down both the nation and the individual). This sort of behaviour is caused by poverty, the lack of opportunity and frustration from the absence of an enabling environment. The spillover effects of this behaviour are so serious and destructive that it is in Nigeria's interest to raise as high level National security issues; education, poverty eradication, creation of opportunities and an enabling environment.

It is only when we get it right in that way, that we will be able to imagine how a man rated by Forbes, could weep for the sake of his employees welfare. To the Nigerian, such an event is a very wild impossibility; but it happened. http://people.forbes.com/profile/tadashi-yamashina/80512

0
Avatar
Newbie

Maybe, for the wrong reasons sha. Maybe when they cannot cheat them at will without any consequences.

One good thing that will come out of difficult times is innovation.

When there is no free money to spend (from the government to the individual) then we begin to question our spending habits, the quality of products and services, projects that may not be viable etc.

I can understand difficulty due to things outside our control but for corruption induced difficulties only execution would do to help in that regard.

Development cannot be about personal wealth because a rich man in the midst of poor people is inherently poor because the problems of the poor by extension becomes your problems too when they have to come to you for help.

Security nko? You get to build a house that looks like a prison yard, spend money installing security gadgets and hiring armed body guards and police men.

So, in my opinion collective development is 100% better than personal wealth.

0
Avatar
Newbie

@@@@@@@@@@@

james ibori

what do u think

0
Avatar
Newbie
Your answer
Add image

By posting your answer, you agree to the privacy policy and terms of service.