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Nigeria Hungry For Infrastructure, NOT Iphones - Adeosun To World Bank - Politics (4) - Nairaland

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Re: Nigeria Hungry For Infrastructure, NOT Iphones - Adeosun To World Bank by Bluffly: 3:17pm On Oct 10, 2016
ojuolu:
Do you want a transformation like Singaporean economy? Do you want us to enjoy better lives with better, more efficient way of doing things? Research into how this third world economy transform into a first world economy where everything works. Let me give you instances. NIPOST (Govt own postal agency) in Nigeria use to be the only way we know how to courier parcel and letter before and the TAT when it was very efficient was like 3 day for a letter/parcel from one town to the other in Nigeria. Cost of doing business was minimal but time was not efficiently used. Then came private courier companies like EMS, UPS etc and you can get a parcel from Lagos to Sokoto in 24 hours with more cost but more efficiency. Businesses picked up, more hands were engage in these allied companies and other companies, translating into more jobs and more incomes (simply income redistribution). Everyone are better for it. Please read about Circular flow of income and Economy Efficiency.

While you have a valid point in busineess like aspects, government can yet not hands-off provisions of basic amenities unless if we want all our streets and roads to be concessioned and I am sure you won't be ready to pay for that.
Re: Nigeria Hungry For Infrastructure, NOT Iphones - Adeosun To World Bank by laudate: 1:37pm On Oct 11, 2016
wristbangle:
Well said kemi. Infrastructural development will no doubt increase revenue base for the country and attract more investors in the country. My worries is 100 percent capital implementation

Which kind of dirty "well said Kemi" talk, is this? shocked Our ministers and leaders are good when it comes to talk, but they fail woefully when it comes to execution! If I had one naira for all the excellent speeches that our ministers have delivered in the past one year, I would be a frigging multimillionaire! undecided

This Kemi woman failed to articulate a fiscal policy in the first 9 months of this regime and kept muttering inanities and blaming the past government for every real & imaginary failure! angry Till now, the direction in which the economy is headed remains unclear because of the daily freefall of the naira! angry

The sector that is worst hit is the health sector. Cost of essential drugs have gone through the roof, especially for patients with chronic conditions due to lack of forex. Pharmaceutical companies are unable to manufacture specialised drugs for critical medical care locally, at an affordable rate because resources needed to carry out this task are so few and practically non-existent!

And Kemi Adeosun is making big speeches everywhere! Chai!! May God deliver us all in this country... cry

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