Video: When Will Africa Benefit from Its Vast Mineral Wealth?

theworldismine13

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lol.... Nigeria doesnt import most of its gasoline...... the reason why gasoline was being imported was that the it was cheaper for the oil barons to import rather than refine locally because they were receiving a big subsidy from the government .......people were making millions of dollars a week from the scam

apparently you are in some kind of denial

http://en.wikipedia.org/wiki/Petroleum_industry_in_Nigeria

Though Nigeria is a major oil exporter, it imports most of its gasoline, and when fuel subsidies were lifted in January 2012, fuel increased from roughly $1.70 per gallon to $3.50.

aside from the corruption im suggesting nigeria doesnt have have the capacity to refine fuel because of the low number of educated oil engineers

To say education is not accessible in Nigeria is false and stupid...... there are schools everywhere but unlike in the west attending school is not compulsory so for a myriad of reasons people do not get educated....

:snoop:

that is what i just said, people arent being educated

in other words the education system does not function

higher education in nigeria is as accessible as it is in america every state has at least two universities so I dont know where you got that nonsense from.......the biggest barrier to higher education is financial as there are no student loans

:snoop: thanks for explaining that higher education is hard to get and repeating what i just said

lol @ you making up excuses for everything, making excuses for something doesnt disprove my point

my point is that the education system or lack of education is the fundamental problem, apparently you think its a side issue

you think resources will make nigeria wealthy, and you dont get that nigeria wont be wealthy until the education system works
 

OsO

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when african countries start doing business with other african countries (as opposed to europeans, americans, and asians) there will be prosperity amongst african nations.

the europeans, americans, and asians are not even technically doing business in africa, they are exploiting africa to their benefit.

africa's biggest problems have always been foreign influence and foreign invasion.... goin back thousands of years.
 

Matt504

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when african countries start doing business with other african countries (as opposed to europeans, americans, and asians) there will be prosperity amongst african nations.

the europeans, americans, and asians are not even technically doing business in africa, they are exploiting africa to their benefit.

africa's biggest problems have always been foreign influence and foreign invasion.... goin back thousands of years.

someone gets it.

:salute:
 

NZA

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how about we give these relatively new nations some time to sort this shyt out? america was pretty much a shythole for millions of people from the time of george washington up till around LBJ

africa is like a teenage girl and the rest of the world is like r kelly's house. when she grows up, she might actually achieve quite a bit, but she is not going to make it out of that house without getting pissed on and fukked
 

Blackking

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When they start shooting cacs :yeshrug:
and bombing..

I was just clowning the congos GDP in another thread... but them muthafackers are at least sitting on like 30 Trill in resources untaped.... them + surrounding nations.... over 200 Trillion..


They need to fukking stop it slime.. with all this passive shyt. :stopitslime:
 

Blackking

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how about we give these relatively new nations some time to sort this shyt out? america was pretty much a shythole for millions of people from the time of george washington up till around LBJ

africa is like a teenage girl and the rest of the world is like r kelly's house. when she grows up, she might actually achieve quite a bit, but she is not going to make it out of that house without getting pissed on and fukked
:ohhh:

beautiful poetry?
 
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Kritic

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how about we give these relatively new nations some time to sort this shyt out? america was pretty much a shythole for millions of people from the time of george washington up till around LBJ

africa is like a teenage girl and the rest of the world is like r kelly's house. when she grows up, she might actually achieve quite a bit, but she is not going to make it out of that house without getting pissed on and fukked
:whoo:
 
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TTT

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Poor terms of trade, how many commodity producing countries can enjoy a lot of windfall money if they are in low margin commodities. The excessive focus on commodities where African countries are price takers is very problematic, Zambia relied on copper and when the price collapsed they faced decades long problems. It was the emergence of China and its demand for those resources that helped in commodities like copper,iron ore , chrome and so on. Most mining activities are also very capital intensive that even when the sectors are booming many people do not benefit, in some of the biggest mining countries more people actually rely on agriculture than they do on these resources given that they are accounted for by big companies and the Government. The absence of manufacturing or the lack of sufficient supporting infrastructure for such activities is far more problematic especially in the bigger countries. Power generation is very low and South Africa accounts for much of the generation in Sub-Saharan Africa and that is one reason why many countries do not manufacture much. The biggest problem IMO is that many Governments have never taken kindly to the contribution of educated Africans who are not affiliated with them in some ways. Other countries like Malaysia and Brazil seem to have developed useful and comprehensive development plans that go beyond the "we need to move one step further in the value chain" that is very popular. Palm oil is one such industry that did not exist in Malaysia, there are accounts that they actually imported it from West Africa in the 60s, and yet they are now the number one producer. They have been creating new industries as well in addition to whatever old ones they had.
 

Everythingg

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Foreign influence. Through and through. Once thats removed (or at least altered to where they are partners) they can become self sufficient.
 

CASHAPP

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there's many lvls to the way africa is kept backward and confused.

1. first and foremost the west encourages corruption in africa. western corporations will only look out for its interests and favor politicians who can look out for their interests. the top africans work for or do business these companies already anyway. so when they get on they just do business with these foreign companies anyway which empowers them even further and weakening their own country in the long term.

2. western corporations get each other all the time and fight it out in court. africans tend to keep their guards down dealing with western corporations exposing themselvves to get taken.

3. like someone pointed out corruption is probably so deep in africa that they can't get out of it.

4. lets take it that the nigerian business is right that nigerians got their sh1t together... now they have to face a higher level of difficulty like the cia and military industrial complex. cause western corporations can change world perception using the western media and destroy any african country regardless of how well it's doing eg. libya. bombing it back to the stone age in less than a week.

5. taht lady in that vid talkin about south africa is in a better situation than the rest of africa. when she really should be talkin about how south africa should be a better country than most european countries.

6. that white nicca sitting with them is a plant to confuse them with stupid policies designed to benefit the west in the long run. shoot.. one of them africans is probably getting paid for his own benefit to sell out africa.

the different tribes and internal conflicts holds them back. religion holds them back.

Out of everything in your post this rings the truest. People would say that America is the "exception" to the rule but even the idea that America is a "Christian" nation is a false belief and a myth that has been going on for a long time. These countries like China, Japan, improved drastically over the past decades after they stopped predominantly believing in invisible Sky Gods and deities....we don't like to talk about it but it really impedes progress.

The thing though is that although we are not elite now we need to invest in what is currently our best skill....

In the case of the minerals we are known for our focus needs to be investing into that and having Full ownership of African owned gas stations ...just invest with your neighbors and not the europeans and asians...

its sad for Black americans that Golden Krust is the only Black owned adn Black operated Black business in the country(on a mainstream level)...that is absolutely pathetic.
 

Kritic

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there's many lvls to the way africa is kept backward and confused.

1. first and foremost the west encourages corruption in africa. western corporations will only look out for its interests and favor politicians who can look out for their interests. the top africans work for or do business these companies already anyway. so when they get on they just do business with these foreign companies anyway which empowers them even further and weakening their own country in the long term.
 
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Hawaiian Punch

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:pachaha:

Lol @ everyone here referring to Africa as one united continent. Therein lies the problem friends. Each city state has their own rulers with their own agendas. Ask yourself why everytime one of these rulers makes a push to unite Africa with a common goal and currency they are labeled a terrorist and overthrown.
 

Blackking

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Out of everything in your post this rings the truest. People would say that America is the "exception" to the rule but even the idea that America is a "Christian" nation is a false belief and a myth that has been going on for a long time. These countries like China, Japan, improved drastically over the past decades after they stopped predominantly believing in invisible Sky Gods and deities....we don't like to talk about it but it really impedes progress.

The thing though is that although we are not elite now we need to invest in what is currently our best skill....

In the case of the minerals we are known for our focus needs to be investing into that and having Full ownership of African owned gas stations ...just invest with your neighbors and not the europeans and asians...

its sad for Black americans that Golden Krust is the only Black owned adn Black operated Black business in the country(on a mainstream level)...that is absolutely pathetic.
I used to think this until I did some research.

Apparently, they've always had religion longer than anyone else and most religions trace back to Africa.

Also, apparently there are colonizations and other events that have caused conflict and confusion and Africa. That plus 'others' refining and controlling their resources was an issue.

I'm not 100% convinced that the issue = some people believe in a form or spirit or animal or God, so in turn they have no reason to control their resources or lives. All these Christian and Muslim Billionaire and Millionaires... might not have been held back by religion.




The African Diaspora has nothing to offer the motherland because we have 0 understanding of the real issues and history.
 
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