₦airaland Forum

I think it's wrong the way Nigerians always insist that government institutions needs to generate profit.

I think that policy and orientation is wrong,government institutions don't need to generate profit, what government establishments like electricity ,roads,public water, housing companies etc only need is to maintain positive cash flow and proper management.

People for example say NIGERIANS are not paying enough for electricity for the companies to generate profit and invest in the sector,
Or people are not paying tolls for newly built roads or paying enough for education.

What Nigeria needs is proper solid systemic management of these establishments.The funds they already have can run these establishments if properly run.

The corrupt Political system and its improper managers are forcing the government to privatise,this forces the constant need of foreign investors ,leading to profit seeking establishment that are making basic needs out of reach of the masses.Take for instance government refineries ran down by improper and corrupt management, now Nigeria as to depend on a private refinery which would seek profits above anything else.

Same with NEPA, Nigeria has to contract foreign infrastructure firms to build roads when government could have been building roads easily at less cost while employing a lot more people.Also the case of Nigerian airways,lots n lots of examples. Government inability to manage anything and wanton corruption is forcing excessive privatisation which is making basic social services out of reach for the common man.The government can't even build houses. Privates real estaste firms are in charge extorting the populace.

Nigerians cannot cope in an ultra capitalist country.It might be good in the long run if it succeeds( the thinking of the tinubus administration) but if it dares fail it's gonna be catastrophic. Tinubu is taking a big gamble here.

There are numerous leakages of government funds.Imagine what the Chinese are doing ,carting any minerals for dirt cheap without taxes.

Nigeria needs to go after the corrupt Political system and these drive for privatisation and profit seeking especially for basic social services and energy.

Nope. For the sole reason that the population rate is not stagnant.

You self, shey you go born pikin, abi your pikins too no go born their own?

Increasing demand mean socio and economic development mustn't stand still.

Government need to generate more. Even more than they need presently and manage it adequately too.

You wrote: "What Nigeria needs is proper solid systemic management of these establishments."

You were talking about increasing revenue generation.

EponObi:
Nope. For the sole reason that the population rate is not stagnant.

You self, shey you go born pikin, abi your pikins too no go born their own?

Increasing demand mean socio and economic development mustn't stand still.

Government need to generate more. Even more than they need presently and manage it adequately too.

You wrote: "What Nigeria needs is proper solid systemic management of these establishments."

You were talking about increasing revenue generation.

Proper management encompasses all sectors including birthrate,if adequate data is gotten about the birth rate,resources can be deployed adequately with proper management increasing demand can be met,revenue gotten from exports and taxes will be ENOUGH

babasolution:
Proper management encompasses all sectors including birthrate,if adequate data is gotten about the birth rate,resources can be deployed adequately with proper management increasing demand can be met,revenue gotten from exports and taxes will be ENOUGH

Corruption is why this thread is here in the first place.. corruption, corruption, corruption

.....you are providing all manner of services to the people and collecting money...., also imposing taxes...so technically it's business the government is running in addition to collecting free money(taxes) from the pple...

babasolution:
Proper management encompasses all sectors including birthrate,if adequate data is gotten about the birth rate,resources can be deployed adequately with proper management increasing demand can be met,revenue gotten from exports and taxes will be ENOUGH

What export? What's Nigeria producing?

To get the enough you wrote in capital letters, Nigeria needs to boost production across many sectors first. Leading us again to increment of revenue generation.

EponObi:
What export? What's Nigeria producing?

To get the enough you wrote in capital letters, Nigeria needs to boost production across many sectors first. Leading us again to increment of revenue generation.

Exports of crude oil ,minerals, agricultural products,with proper management and structures, these 3 things can generate enough revenue for NIGERIA.

But the controller's of Nigeria refuse to properly manage these sectors leading to losses and eventual need for private firms to take over