China is where they are today simply because their government got it right with their own development program without copying from IMF. China produces virtually everything in this earth because the government provided all the facilities necessary for industries to thrive and thereby created employment for almost all their citizens. Most of the goods imported from China to Nigeria can be produced in Nigeria if the government provides 24 hours electricity as in other countries and good access roads with working railway system. In China getting access to credit facility for production is so easy unlike what obtains here in Nigeria where the banks are only interested in killing businesses with high interest rates / hidden charges.
Posted on: Sat, 17 Aug 2013 20:46:11 +0000
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