Etranshub:
Although the statement seems from a selfish man point of view, our government have proven it to be correct. Nitel, Nigeria airways, nepa, nta, post office, pri and sec education, nipost, nrc etc... They are either dead, sold or a shadow of themselves

mmsen:


The problem is that governments are a reflection of people. Whether public or private owned many of these projects will continue to be a mess. Look at this Dangote refinery that is already long overdue and above budget - where is the promised efficiencies?

Eko Atlantic - private equity driven but as of yet nothing of note is happening there. Another overblown, overpriced, delayed project.

Take an honest look at many of the banks in Nigeria. Are they government run? Is that why they operate in such a disgraceful manner?

Do you not see the problem? It's not public or private it's competent and incompetent. Dishonest and honest.

mmsen:


China rose to become the second biggest economy in the world by way of public sector owned business.

European economic success was built upon state owned entities.

ajimo54:


Not at all. If you understand Marx, Descartes and Weber, u will discover that they are Socialists and Communists. But have u taken time to read Adam Smith on Free Market Economy? However, all these old theories do no work again in this modern era! Capitalist economy promotes competition and opens for affluence! Government has no business in doing business! Government shud regulate the economy. This is what is expected of any responsible government. infrastructure is driven by the private sector. Governance can be better in Nigeria if the economy is handed over to the private sector. Forget about that Nigerians are wicked, we shall get there!

LordIsaac:
A full gear capitalism is what these people are advocating for. The problem is actually wicked and unaccountable rulers. For example, how many times did Buhari visit Benue to see the level of destruction of lives? But he was present to commission refinery! Another example is that of the former Accountant General, who looted the commonwealth with reckless abandon; a loot his generation cannot finish spending to the third generation!

FireUpNow:
How many businesses are being runned by the govt Oga Otedola? As far asI know Electricity is now in the hands of private individuals, most hospitals, banks, industries. Though na abokis dey run govt businesses so they don't care. Businessmen like Otedola, and co don't pay taxes to the govt, they are part of the problems

IamANigerianMan:

Nonsense How many of these business own by Nigerians are affordable, these people are the one killing Nigerians not government, they don't pay tax , go and check tax waved to these so called DANGOTE and others, DANGOTE only is in billions in Nigeria, these companies pay their workers peanut... nonsense ..

sonature1:


That's FALSE. Every people and government has its peculiarities. Governments of China, Saudi Arabia, and India still control some of the most financed corporations in their countries. Some of those state-run institutions have even gone international with footprints spread across countries.

I maintain that what should work for Nigeria is PPP. Don't leave sensitive sectors in the hands of devilish Nigerians to avoid massive exploitation. Forget religion - Nigerians are evil by default. That's the mentality they carry everywhere they go - both public and private sectors.

SmartyPants:


No it is not false. It's rudimentary economics. Of course some governments may be more effective than others at running businesses, but as a rule, profit making is best left to the pivate sector. Especially in a democracy and by extension, a free market economy.

Taigaban:
Otedola is right. Government businesses in Nigeria never succeed. Government should be and exercise regulatory functions. Keep in check greedy business men who cheats the masses through monopolising basic consumer goods.

taylor89:
Very useless Government

Supported by children of the corn

Foolish slaves supporting their oppressors

ajimo54:


Not our own! Our Kings and Elders always allowed free Trade Zone owned by Individuals not Kings. America is a product of Capitalism.

Etranshub:
i agree with you totally although we have alot of private businesses that are doing well but the same can not be said about government run entities

BluntCrazeMan:
They don't even respond to questions on their social media handles.

Do they even drop updates on their handles??
(Only very few of them drop updates...
But then, NONE OF THEM respond to inquiries)

chatinent:
That apart, have you noticed no government online services work well? No customer rep? Always filled with bugs?

mmsen:


America is an anomaly built on the backs of African slaves and land stolen from native Americans. That's a bad example.

Nigeria is an example of how flawed capitalism is. The native rulers of this area were largely useless and self destructive and that behavior has continued until now.

LordIsaac:

Non of these theories are etched in marble and can be said to hold true for all societies and at all times. Capitalism has its limitations, and very serious ones at that (these debates are there already). All you can do is pick a side and argue for it...there's however no universalism to the concepts!

ajimo54:


America is not flawed in anyway! I am not talking about morality here. I am talking business! Economy! Growth! Development! And mind you, Nigeria has never practiced any full blown capitalism. Nigeria, like other African countries have practised mixed economy! A full blown capitalism will lead Nigeria out of poverty. Government should not involve in business rather it should moderate and regulate how business should be done!

BluntCrazeMan:
The Nigerian Government is the one leaking in tax collection...

NOT OTEDOLA..

chuose2:
They are taking resources from the SS to maintain the SW.

No wonder some people are scared of Nigeria breaking.