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Saved by @CodyyyGardner

When I say Nigeria’s cement policy has been a complete failure, this is exactly what I mean. The Goverment is tweeting this out without irony

 Cement is an input. You can’t eat or drink it. On its own it’s useless. So as a government, if you decide to have a cement policy, the biggest mistake you can make is to set your success benchmark simply as increasing the amount of cement produced. But this is what Nigeria did
If you’re going to have a policy supporting the production of an input, the only sensible way to measure the success of that policy is to measure the things that that input goes into.
So you say - we want to have a cement policy to support the construction of x number of houses over x number of years. Or to build x amount of infrastructure. That is how you measure the success of a cement policy
But what did Nigeria do? The only measure of success has been we were producing x amount of cement in 19xx and now we are producing xx amount of cement in 20xx. Clap for yourselves, everyone go home. We even have a cement billionaire!
Now *after* the comprehensive failure of the cement policy, the government is now congratulating itself for negotiating a discount with cement producers to - you won’t believe this - build houses.
Imagine visiting a country and you see 90% of the people trekking as their means of transport. But a tiny minority of people are going about in cars. You then ask who is the richest man in that country and they tell you it’s the guy selling car tyres
You don’t have anywhere near enough of the things for which cement is an input - housing, infrastructure - but the guy selling that input is a billionaire anyway.

Systems, systems, systems.
What is most painful about this Low Quality Billionaire is that he is no more than a technology middleman in all of this. ALL the technology used to manufacture cement in Nigeria is simply imported from China. This is all he’s done to become a multi billionaire
No local innovation or anything of the sort. No research or development. Nothing added to the body of cement knowledge that has been in existence for more than 2,000 years. Just manipulate the govt to shamelessly fleece his own countrymen. Disgusting

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Dr. Alexander Hamilton | Alter Ego: AHAM
Dr. Alexander Hamilton...
@DrAlexHamilton
KILLMONGER'S DIARY

Fuck Africa. I'm American. Any African mad at dem words, kick rocks. Don't like it, jump ship. Back 2 Africa. Need receipts. How much yall made off us? U think we didn't know? Mafucka, we the vibranium that made Africa pop. We werent stole. We were sold.

Yall sold us. Then yall hv the audacity 2 come here, pass as American niggas, lecture us about racism & white supremacy, police our emotion, critique our anger & then U have the bravado 2 lecture us about fighting when yall let Europeans come & take yall shit? Fuck out of here.

Immigrants by nature unpatriotic. When times got tough, you left your country. You abdicated the responsibility to make your country better. You didn't fight. You ran. We didn't leave. We stayed. We fighters. Yall runners. Ain't know runner can tell a fighter about a damn thing.

"Erik U dont understand. We wouldve been killed." So the fuck what. We died fo our shit, but yall weren't willing 2 die for yours & now U come here trying 2 cut the line & take our place & Bitch, dont be calling me by my 1st name. We aint cool like that. Thats Mr. Killmonger 2 U.

& we ain' family. I dont play crayola politics so I dont care we got da same skin color. I ain't got no Melanin infatuation like the rest of deese niggas. I's knows what yall done did to us. I gives as much afuck about Africans as George Jefferson gave about Archie Bunker.
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Defense News Nigeria
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1/OK, data mystery time.

This New York Times feature shows China with a Gini Index of less than 30, which would make it more equal than Canada, France, or the Netherlands. https://t.co/g3Sv6DZTDE

That's weird. Income inequality in China is legendary.

Let's check this number.

2/The New York Times cites the World Bank's recent report, "Fair Progress? Economic Mobility across Generations Around the World".

The report is available here:

3/The World Bank report has a graph in which it appears to show the same value for China's Gini - under 0.3.

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4/The World Development Indicators are available at the World Bank's website.

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5/A Gini of 42.2 would put China in the same neighborhood as the U.S., whose Gini was estimated at 41 in 2013.

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