Nigeria Thu Hub of A Developing Africa

Hello.
Here on my blog, we will discuss business, economy, stocks and leisure. Nigeria and West Africa with slight insight on South Africa will be our area of focus.
Why Nigeria, you would say?
Nigeria is corrupt, I hear someone else say. Unstable, politically volatile, No electricity, and more but in all, Nigeria has what China had before it woke up to take advantage of their strengths. China used to be underdeveloped, China used to be under the mercy of the government (communist), China used to have their brilliant men and women develop technology and more for the then world powers; USA, UK, Europe. They woke up with a new leader and realized that the same creativity and productivity they deliver in USA and UK can be done in China at lower costs. They used their relationship with the rich men in USA and UK to influence the business men in USA and UK to think. Move production to China, produce same quality for less, sell at the same price and gain more profit. The business men in USA liked profit and Chinese in USA wanted to go home, become bosses and develop their economy.
Now, anything produced in China has a ready market already; The Chinese. The cost of production is rockbottom and meets the buying power of the average Chinese. So there is never a waste.
Now to Nigeria. With a 150million people and opportunities to spill over into 6 West African countries, Nigeria has more than a ready market to absolve whatever is produced within.
How problems, greed, desperation and fear of the unknown.
The rich do not know how to turn over what they have and believe the only way to make more is to condition others into making them relevant.
Case Study
Prior to now, Mr Biggs(the largest chain) had outlets in major high brow less populated areas in Lagos. They ingonored densely populated low income area.
7 years ago, an ex staff of another major eatery opened a standard eatery in Ketu, a high density low income area in Lagos State, central to the outskirts. In less than a year, the mans turnover was grew to 300% and I tell you today, there are over 15 eateries in the whole of Ketu with Mr Biggs alone having 4 outlets.
What is my point? With the increase in average per capita income and spending power of todays young Nigerian, there is the China factor in ready market to absorb basic needs and everything produced in Nigeria. There is the power factor though, which makes locally made products more expensive that imported products or contract manufactured products.
The change should start from the top, outlaying economy friendly policies, creating investment friendly atmosphere and level playing field.
So here, we will share our thoughts on opportunities, ourselves and investments.

There are many areas to cover and together we will see through all.