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Nairaland Forum / Nairaland / General / Politics / What Has Privatization Brought Nigeria Since 2000? (8525 Views)
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Re: What Has Privatization Brought Nigeria Since 2000? by trillville(m): 6:12am On Aug 18, 2014 |
This is quite an interesting topic. I personally feel nigeria's problem isn't a privatization vs keeping companies government owned. We are generally suffering from decades of military rule, hence in reality we still act as though we are in a dictatorship. First of all, who owns this resources that are being sold? The FG or the Nigerian populace? Under a democracy, resources belong to the citizens (private citizens) and the citizens elect officials (government) to manage their resources. Here's a good picture of what is going on in Nigeria as regards to privatization. You (Nigerian) inherit a vast portfolio of businesses and you employ your uncle(FG) to manage it for you. Ur uncle has the mental disease of kleptomania so he just can't help himself but to pilfer your businesses to the last kobo. He then turns around and convinces you to sell your broken businesses. Because you love him since he is your uncle, you agree to sell ur businesses. He turns around and sells ur businesses at deadbeat prices to himself and his friends. To further make your situation worse, he tells you, you're too broke and can't afford to pay for the services your former businesses render. We've all been turned into mugus by successive governments. Think about this fact. Government has sold off PHCN (our collective national asset). government claims to have capacity to produce 5000 megawatts of electricity, yet only produces about 2,500 megawatts because of lack of gas(another collective national asset). This same government sells gas to neighboring African countries and other nations on earth, so the problem is not scarcity, but that Nigerians are too poor to pay for gas hence we are still suffering from epileptic power supply. I can understand our paying for the labor cost it takes to extract the gas but I just can't phantom why we have to pay the FG for the material cost of gas production. Cheap electricity is a necessity and not a privilege for economic growth. The gas belongs to Nigerians so we should not be paying for what belongs to us to a federal government the works for us. Is the FG trying to tax Nigerians with style? Nigerians open eyes. |
Re: What Has Privatization Brought Nigeria Since 2000? by Nobody: 5:19pm On Oct 15, 2014 |
trillville: The problem is corruption then. Why can't we get it right and do what's right for the people? Privatization in a nation like Nigeria where we are only worth $500bil and 170mil people means some will starve. i don't believe in economic theories anymore as I have studied them kpali to kpali for the last 6 years and I'll tell you that economic theories are a mask on reality !!!! What's good is good and whats bad is bad. It's bad for a rich man to buy what belongs to poorer people only for him to sell it back to them !!!! Regardless of your religion, you have to admit this is true !!! We need money for social programs in Nigeria, we need our resources !! We are suppose to have management companies not selling them !! Do you know how much of nigerian economy Dangote can buy with his worth and credit worthiness? In a nation of 170mil, if we are a truly equal economically, no one should be richer than $50mil so that everyone can have healthcare, best education and a quality standard of living. Please don't try to counter my last statement with the example of the United States. 90% of America is owned by just the top 15%. This mean people are slaves (Their product is the wealth of another man). Nigeria need only give management to credible companies and keep our profit to enhance our nationals !!! |
Re: What Has Privatization Brought Nigeria Since 2000? by Nobody: 2:29pm On Jul 07, 2015 |
I want to continue this topic to also seek what is good for Nigeria in this present administration. I still believe for a nation like Nigeria, privatization is evil against the poor. No one has been able to convince me that privatization is good. Everyone is just using USA as an example forgetting that America's wealth is concentrated in the hands of a few folks! 1 Like 1 Share |
Re: What Has Privatization Brought Nigeria Since 2000? by Nobody: 4:01pm On Jul 07, 2015 |
I want intellectual Nigerians to debate privatization !!! These are the kind of topics that should be flooding NL not the stupid propaganda both parties are churning out !!! |
Re: What Has Privatization Brought Nigeria Since 2000? by Nltaliban(m): 1:52am On Oct 24, 2019 |
Akanbiedu: Please, who was nitel sold to? Thanks in advance for your reply |
Re: What Has Privatization Brought Nigeria Since 2000? by budaatum: 2:00am On Oct 24, 2019 |
And the atikulators want to obliterate NNPC and disappear it into their pockets! I swear to God come next election me too will not sai bubu anymore, and obliterate and atikulate. When we slay the goose that lays our golden oil finish you all can enjoy the bones we drop on the floor after we suck the marrow out of them too because some pdpeople mumu never start yet! |
Re: What Has Privatization Brought Nigeria Since 2000? by Akanbiedu(m): 1:24am On Nov 01, 2019 |
Nltaliban: I don't care. It doesn't matter to me. I am more than satisfied that I have access to Telecom service as against NITEL time, that the sector has created many more jobs and lifted many out of poverty than NITEL could ever. If all these does not matter to you, and you are more interested in who bought what, Go and find out. |
Re: What Has Privatization Brought Nigeria Since 2000? by justtoodark: 3:23am On Nov 01, 2019 |
privatization was the biggest mistake nigeria did when you add the civil war to it.... as you said,emergin market....!! how can somebody be so careless....?? nawa.... |
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