seunmsg:
FFK and his cocaine induced ideas.

seunmsg:
FFK and his cocaine induced ideas.

Sunofgod:
Govt to take over the businesses?

They would all fail within a week!

seunmsg:
FFK and his cocaine induced ideas.

asuustrike1:
This option is better than destroying properties over here. However[b] who would manage them if I may ask?[/b]

byrron:


Nigerian politicians have proven to have answer's to questions like this.

They nationalize it first and then privatise it (undervalue it and sell it out for cheap) and then repurchase it through their front's and then run it well.

asuustrike1:

Hmmmm!

gabbasin:
FFK is behaving like an illiterate that thinks governance is about taking irrational decisions, and this guy is once a minister in Nigeria, chase out South Africans? And our armed forces should be called to war against SA? What happens to diplomacy first

Kanade21:
No, it should not happen for the following reasons

1.Governments past and present have a poor track record of managing businesses.

2.It drives away investors. Which investor is going to come and invest in a country where his or her business would be taken over by the government without so much as an 'if you please'

3.It's going to cost the government billions in legal fees. (See the recent government study on the billions it would cost just to buy back power distribution companies without ending in the courts.).

4.Massive job losses.

Sorry, but nationalization does not work these days. Maybe back in the 1970's when the economy was less global. Not now.

seunmsg:
FFK and his cocaine induced ideas.

nextstep:
So that Nigerian government will simply proceed to ruin all of the companies it nationalizes, abi. Refer to Nigerian Airways, Ajaokuta Steel, NEPA, and NITEL for examples of how well the government ruins, er, runs industry, and see if it makes any sense.

A government cannot provide for its own people, so they leave seeking greener pastures, subject to insults, and now death. Now the same government want to chuck hand into companies that provide employment and benefits to Nigerians. Mtchew. Then after wasting oil money and stealing contracts for a decade or so, they will sell the assets to their cronies at bargain prices.

solmusdesigns:



how did this fool became a lawyer and a minister sef

No wonder P &ID wants $9.6bn for gulibility of PDP greedy fools like Fani Kayode

..

Josephobaz1985:
It isn't a good idea because Nigerians also have companies in SA. Dangote, chief Igbinedion, Gen ty Danjuma, and many Igbo businessmen have companies and franchises in SA . They will also seize those companies.

LZAA:

Oga if u must mudsling do it well
The coy u are calling specifically blamed buhari for their move to go to court

Cameroonglass:
Nigeria, the world is watching.....if nothing is done others will follow same

seunmsg:
FFK and his cocaine induced ideas.

Wallade:


All that the Nigerian government would have to do upon nationalization of those assets is:

For companies (Multichoice) unlisted on Nigerian Stock Exchange, government can commence the process to list them on Stock Exchange.

For those listed like StanbicIBTC and MTN Nigeria, government can simply sell the shares, at Forced Sale Value, of South African interests in those companies to the Nigerian public and majority shares to any interested Nigerian organization with sound management track record and technical expertise.

That will sustain the companies sound management and ease the transition. The proceeds of the sale of shares can be paid to the initial owners.