we have good laws and regulations but to some extent but what we lack is implementation, dont be fooled by all these talks about good laws while some of them are archaic and outdated and some needs to be amended. apart from oil sector we have other mineral resources and hasn't it occured to you why they are not being exploited by investors, the laws are outdated and archaic. even the energy sector only favours the big men, their cronies and their companies.
we know everybody uses power and it is a big time investment, again haven't you asked yourself why people are not investing even the so called asians especially the indians and lebanese. there is no power but the indians and lebanese are producing. and how come most companies for about 2 years have started moving from nigeria to neighbouring countries, does that mean that they are foolish.think about this.

do you know that anything you achieve in nigeria is always a miracle and you give a testimony in church or mosque. before the economic meltdown,in US you can different choice of jobs to choose from. but in naija, for a vacancy for 5 people you will se 10,000 job seekers.
as far as government doesnt craete an enabling environment, nothing will work.
my friends abroad will say that there are business opportunities in naija and they want to come back. i always tell them the truth that if they come back, hunger will fire them because nothing is working.
do you think all this suggestions you are making that nigerians are not aware. governmen policies change like womens character. they create a policy that bans importation of goods but before 4 months elapses they will lift the ban on importation of such goods and you lose in the long run cos the goods imported are always cheaper.

the poster does not know what he's saying.the way things are done in nigeria is diferent how they are done in other counries. when we are saying enabling environment, we are talking about government policies that focus on creating and maintaining an overall macroeconomic environment.it focuses on regulatory frameworks and actions of the government to improving the economy as a whole.
just like others have said that since the central government controls the resources, then it must provide the infrastructure, utilities and facilities for the masses.
1. no country can ever develop without energy especially electricity. the power sector lies under the legislation of the central goverment. PHCN has been unbundled but nothing is happening because the conditions for operation are not favourable. the issue of petrol, diesel also lies in the hands of NNPC, nothing can be done concerning this issue because individuals cannot own oil blocks except you a crony of the goverment.
2.loans could be accessible abroad with little interest, but here you will never get a loan and even if u get, it will be at 30%interest.
3.communication;even though this has been privatised, still cost of making calls are still expensive due to the issue of energy, no electricity and diesel is very expensive and sometimes very scarce to get.
4.sometimes to allow investors come in on, there should be tax incentives but here every tier of government will collect different types of tax from signage to cars with company logos,tax for having a diesel tank in your company etc. infact the tax especially in lagos is too much.

before i entered higher institution, i had 3 friends in 3 different frats and they were all toasting me to join them. the 3 were , eiye and bucaneer. the eiye said if i should not join eiye, that i would not last, the bucaneer said that if i should join eiye, that i would be killed quickly and that if i should join that they fight a lot and it might  lead to my downfall. the axeman said that if i should join eiye, that i will be killed because they were liverless and they believe in crowd and the bucaneers were soft and not strong. but one question i kept asking them was, how come after you have done ur heatings/beatingd/killings u runaway from school or hide until it cools down instead of standing and fighting. that was y i never joined a cult group. but i will like to know which cult is the strongest.