CareersNG

Abi na me learn nonsense?

Was wondering how you would interprete the fact that Heathrow Airports "glorious" new 5th terminal which cost $8 billion would be used exclusively by British Airways! No other airline is allowed. Why is it that virtually all phone providers and ISPs in the UK have to rely on BT's (Bristish telecom) trunk lines as a matter of compulsion? To get Broadband internet in your home (regardless of your phone company or internet provider), you almost definitely need a BT landline. Rail transport is still controlled by NR (National Rail). British Gas supplies most home with gas for heating/cooking etc - it operates the national gas transmission system so even if you dont buy gas from British gas, who ever you buy from pays British gas to supply you thru British gas's pipes!

Talk about National "protectionism" (I dont even know whether that grammar correct sef). Yet it is the same west that preaches the gospel of liberalization/deregulation, privatisation and open competition etc. Democracy and free markets is what we should embrace - that was what they taught us. But should we swallow it hook line and sinker?


Rather than selling of State Assets like NITEL, Refineries, Nigerian Ports Authority, Unbundling NEPA an the others to foreigners and our cronnies (e.g Hilton to Transcorp, NICON to Jimoh Ibrahim), shouldnt we be setting them up to have some form of government protection/patronage that will guarantee their survival and renaissance? Is it not tantanmount to Economic recolonization when foreign firms take full control of our Economy? Is our privatisation drive motivated by corruption? Whas gwan?


I think privatisation has its place, but I am against "total" or corruption motivated privatisation.

Looking at the catastrophic sommersault of the Transcorp project, I am begining to wonder why we always find it impossible to implement the most beautiful of ideas.

Has anybody here listened to Eldee's "I go yarn"? What we have now is nonsense. What we need is common sense.

My people, how una see am?

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More twisted than dreadlocks

The real fact is that coruption has eaten deep into the fabrics of the nation called "NIGERIA". Those that evaluate our economy before privatization era must have seen the way people handle government work/properties wrongly and they decided to have it to private hand for better productivity.
But once it is Nigeria,it is still coruption driven.Privatization to some extent is a good thing in our economy now cos it seems we don't have the capacity to work the british way.Instead of proper implementation it is seen that government officials has started selling government properties to themselves and their associates without proper process and at the end of the day we are back to "square one". It is just "from fry pan to fire".

Its only God that can save us in Nigeria, most citizen and government officials are rotten.

Government worker will say -
I beg make i chop my own part of the national cake if i no chop my own people go call me mugun.

Government officials will say
Abeg na only 4 years i go use at most 8 years.Make i pack my own part before i commot for dis place becos na life time opportunity bu dis.if i no pack my own now na people go abuse u say "upon all our money u pack u no fit spend money"

i heard that Obasanjo regretted not packing enough money from government in his military days so he never let that happen this time around.
......hmm i wonder whether he don pack the one he go spend for graveyard

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Genius begins great works;
Labour alone finishes them

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Fowe.
Choices make or mar Chances ... add extra care to your choices today.

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More twisted than dreadlocks

NIGERIA....NIGERIA...wwat a country!!!
So favoured by God himself...but wat kinda leaders do we have? when d shares wateva came up then about Transcorp, i made my mind known about it...that its politically motivated....
I just hope we folks would learn and when/if we get there...we won't mess up....We have a way of criticizing others...(wen we r not there),and wen it gets to our turn,we fumble...big time...
More Later!!!1
Let me go compile them

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In Life's Pursuits, Never Outrun God [Prov. 19:21]
1luv...

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More twisted than dreadlocks

The issue I was interested in discussing really is why we dont see the need to give some National Assets givernment protection to ensure their viability and sustained operation: Is "selling-out" to foreigners the best option? Is it driven by good intentions or smacks off corrupt tendencies? Where does it leave our economic (in)dependence?.

See Nigerian Airways for instance - it is no more. Yet Gordon Brown shelled out billions of tax payers money to protect Northernrock (a UK bank) from going under, even at when there was desperate opposition to that from virtually everyone in the country. Sarkozy ( the French President) has already promised to bail out Societe General ( a la losses from rogue trader, Jerome K.). The Russian Goverment dismantled all opposition to Gazprom's gas monopoly in Russia. Today Gazprom if offering to invest billions in Nigeria! When will NNPC do the same in Cameroun, Sao Tome and Principe etc?

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More twisted than dreadlocks

Imagine all the Multinational oil companies (SHELL, CHEVRON, EXXON etc) pulling out of nigeria today ( I am not saying it will happen sha), what becomes of our economy?

For how long will foreigners be better managers of businesses in our country? Is it that they are better or we think they are or we havent yet tried to do better than them?

Oga ju! This one pass me. Abeg make una tell me where I miss the point.

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More twisted than dreadlocks

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Fowe.
Choices make or mar Chances ... add extra care to your choices today.

I hear you.

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More twisted than dreadlocks

I really love the presentation of this topic! That was a well calculated attempt at pointing towards a problem now open for brain thussle.

Guess my comments will be in bits here.

Transcorp.
I looked at the board of transcorp at the begining as a shares investor and said NO! Why? They contain all sorts of big names, trouble number one. They contain names who had no bissiness commonality, number two. They contain pple who have different ideas and varying visons, number three. The only common demoninator was that they were all economic power brokers. So if they fail in any venture or all their ventures, I am not surprised. Just burry hope for now when it comes to transcorp.

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Ideabroker(c)- Ideas that fuel positive change come from the Most High God.
Ibroker(c)

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Ideabroker(c)- Ideas that fuel positive change come from the Most High God.
Ibroker(c)

_________________
Ideabroker(c)- Ideas that fuel positive change come from the Most High God.
Ibroker(c)

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More twisted than dreadlocks

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More twisted than dreadlocks

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More twisted than dreadlocks

Capitalism doesnt favour masses.

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Ideabroker(c)- Ideas that fuel positive change come from the Most High God.
Ibroker(c)

Neither is it meant to impoverish and enslave the masses perpertually

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More twisted than dreadlocks

Check again.

_________________
Ideabroker(c)- Ideas that fuel positive change come from the Most High God.
Ibroker(c)

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More twisted than dreadlocks

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More twisted than dreadlocks

Privatization I dare to say has made life better for a good number of Nigerians. The privatization era brought a lot of market liberalization policies which enabled many new companies to enter the Nigerian market, create good jobs and stimulated the economy. For example, it much easier for a lot many graduates gain employment in the telecom and banking industry on the basis of merit compared with the era of the government owned monopoly of NITEL or the few major banks of the last decade where even the 1st class graduates find it difficult to get on the shortlist without an inside connection. From a general perspective, it has reduced the concentration of power in the hands of the few in government or affiliated with government.

If we have the opportunity to start a new world order, we’ll all probably agree that the Nigerian government should control major enterprises in the country on behalf of the citizen; however in today’s political, economical and technological environment that I don’t think is practical. I do agree that the privatization has been anything but transparent and a lot of the famous names from “Nigeria’s past” … of course for the country that one loves the changes seem too slow. About a decade ago, if you said something anti-government, you got arrested, jailed and sometimes worse; if you say something similar today you get mostly ignored maybe in a few cases arrested. With this progression, I can see the day that when someone says anti-government that the government listen. Already people owning petty businesses like hawking oranges sending their children to private elementary schools where they are better taught instead of the government owned ones. Paraphrasing a conversation I once overheard “If education is the way to success our kids would be there with “them”.

I don’t think I would include privatization in my top 5 lists of Nigeria’s problems. I believe the problem Nigeria faces is of amore fundamental nature. To start with, I dare to say that many Nigerians don’t really have strong feeling for the country called Nigeria (except during a football match) … Rev. Wight was caught on tape saying “God damn America” and the whole country was outraged, Michelle Obama said “…first time is proud of he country in her adult life…” and she was made to defend it. If a fellow Nigerian says God damn Nigeria, I wonder how many Nigerians would be outraged; on the other hand you say God damn ********* (mention any tribe in Nigeria) and you can be sure to have a lynching party out for you. My point is, if someone doesn’t love the country how can they be expected to have her best interest at heart if they are in a position of power. Nigerians are more likely to blame the federal government for their misery instead of blaming their state or local government (whereas a bulk of the responsibility lies with the state and local government who gets a substantial portion of the national revenue).

The emergence of a new generation of Nigerian leaders that understands that the prestige of the country and its leaders lies in the level of development of its ordinary citizen and not their personal wealth would be the turning point. When wealth is not measured by how much one has sitting in a bank account offshore but rather by how much investment one has in the country and how many people benefit from it through employment and other means, at that point it would not matter who owns the major enterprises in Nigeria because the owners would be in essence “custodians” of the organizations, the government would be a fair regulator and can better focus on other areas.

That generation of leaders are already in the mint

Capitalism is an economic idealogy while democracy is a governing idealogy, X-2-X. Dont miss that.

When we have sold all govt coy to private hands, they will want to make more money and the general mentality for this is capitalism. He who holds the capitals dictates the tune. Now it is partially in govt hands soon, it may be Dangote or some one person or d oda.

Dangote is a economic figure and Yar Adua is a political or govt figure, X-2-X, there is a difference in the realms in whuich they rule.

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Ideabroker(c)- Ideas that fuel positive change come from the Most High God.
Ibroker(c)

Better put, in these things Nigeria is trying to copy the US and

the system of Govt in US is Democracy while the economic system is Capitalism. Do you know that there are people living in abject poverty in the US. That the average or normal (over 90%,my statistics) person in the US is highly in debt? benefits of capitalism I guess. Just keep owing me is the idea, then I can govern you the way I want. That is where the govt latter is dragged in, odawise they are different systems.

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Ideabroker(c)- Ideas that fuel positive change come from the Most High God.
Ibroker(c)

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Ideabroker(c)- Ideas that fuel positive change come from the Most High God.
Ibroker(c)