ivolt:

According to you, your knowledge comes from textbooks.

It is not a surprise that there is no single successful socialist country in existence.
Well, the good news is that everyone will end up equally poor, so no envy.

I think I might just have stumbled into another YouTube conspiracies believer.
Who are "they"?

Bro some in economics..they say the law of demand states that when prices go up the quantity demanded of goods and services will go down...it's tru..and very correct,......but what most people don't know is that you will fail the definition of law of demand if you write that in an exam

Reason is that the definition lacks a major ingredient..which is " all things being equal"...that alone has change the scope of the definition... Cuz in reality of the study of social science,all things are never equal.....

This is the same way, capitalist tell you that create the right policies... Investors will com and better your economy...this is very tru for a country that has other things being equal..like good financial system, good legal framework, attractive capital flight policies, etc.. But in Nigeria where these things are not in place....even if you keep tax rate at 0% ,they will still not com.....and domestic investors are too uneducated or poor to invest in such ventures.......so in that case,what does governmt do....wait forever?..…..

No they shld reach out and create those critical industries Needed to grow the economy..and thereafter they can privatize them.....

Akwa-ibom state government has established 8 productive firms....and employed their indegenes nd then solved a problem of unemployment in their state to an extend... The rest gov.are building road since 99'. Leme tell you,graduates prefer employment opportunity to good express road....

Guy don't always live on Norms and tradition cuz desperate times they say calks for desperate measures

bigpicture001:


Bro some in economics..they say the law of demand states that when prices go up the quantity demanded of goods and services will go down...it's tru..and very correct,......but what most people don't know is that you will fail the definition of law of demand if you write that in an exam

Reason is that the definition lacks a major ingredient..which is " all things being equal"...that alone has change the scope of the definition... Cuz in reality of the study of social science,all things are never equal.....

This is the same way, capitalist tell you that create the right policies... Investors will com and better your economy...this is very tru for a country that has other things being equal..like good financial system, good legal framework, attractive capital flight policies, etc.. But in Nigeria where these things are not in place....even if you keep tax rate at 0% ,they will still not com.....and domestic investors are too uneducated or poor to invest in such ventures.......so in that case,what does governmt do....wait forever?..…..

No they shld reach out and create those critical industries Needed to grow the economy..and thereafter they can privatize them.....

Akwa-ibom state government has established 8 productive firms....and employed their indegenes nd then solved a problem of unemployment in their state to an extend... The rest gov.are building road since 99'. Leme tell you,graduates prefer employment opportunity to good express road....

Guy don't always live on Norms and tradition cuz desperate times they say calks for desperate measures

I feel you.

Serious state governments can also learn one or two things from Nordic countries and Singapore

bigpicture001:


Bro some in economics..they say the law of demand states that when prices go up the quantity demanded of goods and services will go down...it's tru..and very correct,......but what most people don't know is that you will fail the definition of law of demand if you write that in an exam

You make absolute sense with your suggestions, unfortunately, those zombies your are talking to cannot think properly again.

Like you said, developed countries also tow this path (building industry) on their road to development. In the 60's - 70's, when Nigeria is said to be good, government establishment are the major employer of labour.

bigpicture001:


Bro some in economics..they say the law of demand states that when prices go up the quantity demanded of goods and services will go down...it's tru..and very correct,......but what most people don't know is that you will fail the definition of law of demand if you write that in an exam

Reason is that the definition lacks a major ingredient..which is " all things being equal"...that alone has change the scope of the definition... Cuz in reality of the study of social science,all things are never equal.....

What's all this?
It seems you have been so confined to classrooms that you cannot reason out of it.
I just saw your question about "cash crops", do you think this is an exam hall?

This is the same way, capitalist tell you that create the right policies... Investors will com and better your economy...this is very tru for a country that has other things being equal..like good financial system, good legal framework, attractive capital flight policies, etc.. But in Nigeria where these things are not in place....even if you keep tax rate at 0% ,they will still not com.....and domestic investors are too uneducated or poor to invest in such ventures.......so in that case,what does governmt do....wait forever?..…..

You just confirmed my suspicion. Everything you know comes from what people "tell you".
Parroting elementary and unoriginal viewpoints as if they are some divine creed does not portray you in a good light.

Now, let us leave the classroom and go to the real world.
If domestic investors are shunning real investment in certain sectors, it is either they are getting free money
(via government subsidies) elsewhere or they see problems that you can't understand.

Local investors are neither poor nor uneducated in any real sense.

Rather than trying to solve the real problems that are keeping investors away, you advocate
for flushing more money down the drain in doomed ventures that the government cannot manage.

No they shld reach out and create those critical industries Needed to grow the economy..and thereafter they can privatize them.....

Akwa-ibom state government has established 8 productive firms....and employed their indegenes nd then solved a problem of unemployment in their state to an extend... The rest gov.are building road since 99'. Leme tell you,graduates prefer employment opportunity to good express road....

Guy don't always live on Norms and tradition cuz desperate times they say calks for desperate measures

The "norms" are for countries primarily engaged in export of extractive commodities to subsidize the populace and
create failed industry they had no idea about managing.
What you get is largely entitled and unskilled populace.

Akwa-Ibom established subsidy-funded firms that rely entirely on the state's allocation.
How much was invested to start the firms?
Can the firms pay their own workers' salaries from the generated profits if any?
How much does the firms generate for the government?

Those "productive" firms will still get budgetary allocations to keep them afloat because they are mere vanity
projects.
It is possible that one becomes buoyant in the short term but that is a bug and not by design.

What Akwa-Ibom government did was to create a semblance of starting an industry in order to create employment.
People love such gestures and are happy that the government is "doing its job".
They didn't understand that it comes at a cost.

NNPC is running at a loss, year in year out despite private OCs turning profits for their shareholder.
That is in a sector that some countries are successfully managing.

Yet, you want a country that can't manage an oil company to start setting up industries.

What your so-called graduate wants are irrelevant.
Most of them shouldn't have been admitted in the first place as they had no business getting a tertiary
education.

But due to the myopic government thirst for subsidizing unproductive sectors, every Dick and Harry
can get admission and graduate with no useful skill nor experience for surviving in the real world.
Unfortunately for the government, it lacks the finance to place its undeserving graduates on lifetime subsidies
leading to an unprecedented unemployment rate.

We won't come out of this mess until the destructive subsidy policies are removed.

The only people that should get tertiary education are those who can afford it or merit a scholarship.

Now, let us revisit countries that have emerged from rots.
China didn't develop by mass graduating and mass employing graduates.
It did by enforcing meritocracy such that only students who deserve tertiary education get admitted.
This was accompanied by the rapid development of infrastructure that attracted investors.
We can all see the results today.

Does the government have other roles to play?
Of course.

China enrols about half of its post-secondary school students in vocational education.
Germany also has a similar policy where educationally challenged students are automatically
assigned to vocational schools.

Graduates are not the ones making iPhones in China, it is the less educated.

Also, the government should be a major player in the defense and health sector not because they can turn a profit
but for the sake of saving lives.

You talk about privatizing such firms. Who do you think will take over aside from government friends who will demand
more subsidies in order to keep it running.

If there is real money to be made in a sector, investors(local or foreign) will come in and outcompete the government in a short period.

Any country that always gets into trouble because of a drop in certain commodity prices is headed for trouble.
regardless of how sophisticated or impoverished they look to outsiders.

ivolt:

What's all this?
It seems you have been so confined to classrooms that you cannot reason out of it.
I just saw your question about "cash crops", do you think this is an exam hall?

All what you stated as excuses does not tally with common sense, all the failures you listed are functions of leadership, which someone like you supported.

That these present leadership cannot do it does not mean they are impossible and that their are not Nigerians that can do it.

What you lack is self-esteem and a belief system that has been ingrained in you by bad leadership, these oppressive class have stripped someone like you of their dignity to the extent that whatever they failed in, is almost impossible.

Wake up and free yourself.

StreetFight:
The OP is suffering from mental imbalance.

Below is a list of few of the projects that Buhari used the Chinese loans for;

Lagos-Ibadan Expressway
Lagos-Abeokuta-Ibadan Railway
Apapa-Oshodi-Iyana_Oworo Expressway
Oyo-Ogbomoso Expressway
2nd Niger Bridge
Kaduna-Abuja Railway
Ajaokuta-Itakpe-Warri Expressway
Remodelling of several International Airports


Please list what Goatluck Jonaddaft and the world bank fraudster Ngozi Iwealla used all the loans they collected for

U are too daft to comprehend my points.so buhari should always collect loans to build railways.are railway industries,companies etc.u are so daft and bigoted in reasoning that instead of you to read the post slowly and comprehend it,u are spewing trash.as the saying goes "never underrate the power of stupid people and illitertrates in a large group"that's the problem of this country.

ivolt:


It is not the government business to build manufacturing companies.

They will just be another group collecting salaries and subsidies from the government.
Borrowing to pay citizens isn't the same as taking people out of unemployment.

If you have a manufacturing business process, approach your bank or BOI for loans.

I get your point.at every country you have strategic companies that the government initiate. In order to accelerate national industralisation most govts initiate projects and companies e.g automobiles, electronics,softwares,millitaries etc manufacturing.before making them joint stock companies Isreal used this method after independence in 1949 and look at their level of progress same with India or russia.capitalism is no excuse for a serious govt to aid in industralisation of a country.since investors aren't foughtcoming there is nothing wrong for the government to step in and accelerate the industralisation of a country.

bigpicture001:


Now u ask the master;....bro, do u understand that Nigeria nd the US don't practise same democracy..? Even when the US wrote the nooks ng guideline of democracy....... Reason,the US is an homogeneous society while Nigeria is not....so if we don't rotate...it wouldn't even work at all

Now com to your ideology in economy...these books you read are written by greats for developed society..where they HV a lot of capital by the investing rich...there ,they see opportunity and take it..and this makes your policies of incentive to attract private exercise to work out...

But in Nigeria and Africa where there is less physical,financial and human capital...even if you say tax is zero percent...investors still don't com....this is not cuz the opportunity is not there, but cuz....there are other factors international investors consider: like your legal system,infrastructure, health, industrial policy , policies on capital flight etc.......

This means an undeveloped nation that goes by the established policies in the textbook written for advanced economy will continue to lagg behind in development......their government who are the holders of most if the capitals in such poor countries will HV to step in and create dox critical industries on whose base the economy can kickstart....

Thereafter,cuz of corruption,nepotism,ethnicity,favouritism... Etc..it can then privatize them and bring them back to private ownership....... There are many ways to kill a rat.... Not only by the trap......ifbu live in a perculuer society,peculiar solutions are required to achieve growth....

Hope u get it better now

You too much I don mark your moniker u too get sense bro.its so painful illiterates and fools outnumber the few of us with sense and a brainreasoning capacity!!!!!!

bigpicture001:


That is what they told you...its funny how you swallow all the pill without checking for a poisonous one......

it is a shame you lack the basic principle of economics. spewing ignorance all over the internet with confidence.
get this into your daft brain
1. it is for a reason that they say government has no business in business. business is not like a ministry where you appoint your party men. in business the best is appointed. nothing like quota system, tribalism or religious sentiments.
2. Government is all about welfare. business is all about profit. the two don't mix well. look at the refineries, are they working? in short point out one government company that is performing beyond expectation.

Enice:
it is a shame you lack the basic principle of economics. spewing ignorance all over the internet with confidence.
get this into your daft brain
1. it is for a reason that they say government has no business in business. business is not like a ministry where you appoint your party men. in business the best is appointed. nothing like quota system, tribalism or religious sentiments.
2. Government is all about welfare. business is all about profit. the two don't mix well. look at the refineries, are they working? in short point out one government company that is performing beyond expectation.

I like to get engaged by ppl who reason fine like you....however,you guyz like to stick solo much by norms and tradition....the phenomenon where free private enterprise dominate economic activities was introduced by Adams smith.....he is a classical economist...yes,his notion ruled the world of economic behaviour....where he promoted the concept of the "invisible" hand.....and the two sector model of national income........however after the great depression of 1938, economies worldwide failed to recover from it.....and this got one of his student to start thinking outside the box as he wondered why their laizze faire policies didn't work......the hound man broke out and realized that if govt do not get their hands in economic activities............economics wouldn't function properly....he adviced the US,France,UK on what to do and they did.and he rescued the world from the great depression.......this is an example of thinking outside the box.......now he is called the father of modern economics by name lord Maynard Keynes and his ideologies called the Keynesian economics...............

Bro have u ever thought abt starting a Biz, and u saved up for it in a very difficult ways...you will realize that when the time is ripe,u will start getting gitters because of the fear of losing your money.....investors both foreign and domestic are not that willing as you think to put money into ventures...they calculate risk...and to many of them; some countries are no go area even if tax rates are zero percent.......

Govt at this time com in and become investors at this critical sectors just to boost and start the economy....... Believe me I can not be telling you what am not sure about..............I am.neck deep into the study and practice involved in this economy................

bigpicture001:


I like to get engaged by ppl who reason fine like you....however,you guyz like to stick solo much by norms and tradition....the phenomenon where free private enterprise dominate economic activities was introduced by Adams smith.....he is a classical economist...yes,his notion ruled the world of economic behaviour....where he promoted the concept of the "invisible" hand.....and the two sector model of national income........however after the great depression of 1938, economies worldwide failed to recover from it.....and this got one of his student to start thinking outside the box as he wondered why their laizze faire policies didn't work......the hound man broke out and realized that if govt do not get their hands in economic activities............economics wouldn't function properly....he adviced the US,France,UK on what to do and they did.and he rescued the world from the great depression.......this is an example of thinking outside the box.......now he is called the father of modern economics by name lord Maynard Keynes and his ideologies called the Keynesian economics...............

Bro have u ever thought abt starting a Biz, and u saved up for it in a very difficult ways...you will realize that when the time is ripe,u will start getting gitters because of the fear of losing your money.....investors both foreign and domestic are not that willing as you think to put money into ventures...they calculate risk...and to many of them; some countries are no go area even if tax rates are zero percent.......


Govt at this time com in and become investors at this critical sectors just to boost and start the economy....... Believe me I can not be telling you what am not sure about..............I am.neck deep into the study and practice involved in this economy................

the bold statement is true but in Nigeria where our diversity is more than our unity, what happens when government sites an industry in the south and employs more northerners to work there? this will always be the case because we practice quota system and they have more States than us. given the fact that an average northerner is not well learned, how do you expect that industry to fare.
the best solution is for government to provide enabling environment for business to thrive. such as tax holidays, loans, utilities/ infrastructures, etc and laws backing them

rusher14:


Do you understand the concept of capitalism?

Do you understand why it is commonly said that government has no business in business?

From Amazon to Apple, from cocacola to Quaker oats, please tell us which of these organisations were set up using loans government sought on their behalf.

For those angry that government is building railways, you have really amazed me. Now please answer Rusher's questions bolded below.

Superjazz:

Research about Isreal Russia and india.lets take Isreal and Russia for example key industries aviation automobiles,electronics software millitary manufacturing industries are been runned by the government these are strategic industries.after creating them they became jointstock companies.but the government where the brain behind them been set up and they make money from it.can Nigeria be like that?

ivolt:

I don't need any textbook to know the role of a government.
States where people primarily depend on government jobs or help are ticking time bombs.

U are wrong, u blame ur bad govt for that sukoi is a joint stock company aircraft manufacturing company in Russia that produces both civilian and military aircrafts for Russia and the world.the remit huge revenues in billions for russia.do you know that the govt was behind the setup of this company?when you have a quota system government nothing works out if you doubt as buhari

Both of you have points only if you merge your views to arrive at an almagam.






Buhari can set aside #100Billion to transform 20 already existing companies in each of the six Geopolitical zones (#600 Billion in total) to triple their production,sophiscation and quality. These companies are to start paying back the 'bailouts intervention loans' after 3 years.

bigpicture001:


Wrong notion... Who told you that economics...?

Superjazz:

You too much I don mark your moniker u too get sense bro.its so painful illiterates and fools outnumber the few of us with sense and a brainreasoning capacity!!!!!!

He studied macro economics relating to third world country very well.
Kudos to him.

Enice:
the bold statement is true but in Nigeria where our diversity is more than our unity, what happens when government sites an industry in the south and employs more northerners to work there? this will always be the case because we practice quota system and they have more States than us. given the fact that an average northerner is not well learned, how do you expect that industry to fare.
the best solution is for government to provide enabling environment for business to thrive. such as tax holidays, loans, utilities/ infrastructures, etc and laws backing them

I once argued this with some people here when innoson sought federal government assistance in producing ventilators.
Lots of people said he should just do it.

Even in developed world, there are things u just don't venture into without govt backup.
Not to talk of fifth world like us.
Remove govt and dangote will crumple.

That is his backbone.

All companies that started without govt backing, where are they now?
These are part of all things being equal.
Foreign companies will first of all look at how govt treats indigenous companies before they will come in for negotiation.
So far, in "all things being equal",we aren't there yet.

Oil companies survived cos outside forces determine their market force. What am.i saying, some are closing up already.

Enice:
the bold statement is true but in Nigeria where our diversity is more than our unity, what happens when government sites an industry in the south and employs more northerners to work there? this will always be the case because we practice quota system and they have more States than us. given the fact that an average northerner is not well learned, how do you expect that industry to fare.
the best solution is for government to provide enabling environment for business to thrive. such as tax holidays, loans, utilities/ infrastructures, etc and laws backing them

NYSC gives 1milliin naira loan scheme with your discharge certificate as your only collateral...is that not enabling environment ...why don't people seize that opportunity...?

Meanwhile here is an update of the ongoing railway project in Lagos

https://www.youtube.com/watch?v=dBedfQ9mWik

Are you new in this Country sir?

What you are advocating was exactly what Government did between 1960-1987, it didn't work.
It just created Government owned firms where some privileged Nigerians were employed with undeserved salaries that drained public funds with resultant economic stagnation.

For instance,

1) In Electricity sector: NEPA

In Print Media: Daily Times, New Nigerian.
Several States had their own Newspapers e.g Sketch Newspapers owned by the S/West States.

2) In Electronic Media: NTA.

ALL States also set up their own Television e.g LTV (Lagos), ASBS (Anambra), OSBC (Osun)

3) Telecommunication- NITEL

4) Iron & Steel: Aluminum Smelting Company of Nigeria (ASCL), Ikot Ekpene.

Delta Steel Company, Aladja, Delta State.
Ajaokuta Steel Complex, Ajaokuta, Kogi State.

National Coal Corporation

Oluwa Glass Company, Ondo State.

5) Maritime: Nigeria National Shipping Line (NNSL).

Over Five seaports.

6) Aviation: Nigeria Airways

So many Airports

7) Defense and Security: Defense Industry Corporation of Nigeria (DICON)

So many Federal Universities and Polytechnics.

Over 100 Unity Schools.

9) Textiles: Odua Textiles, Ado-Ekiti

Kaduna Textiles, Kaduna States

10) Automobile:

Anambra Motor Company (Anamco), Enugu.
Peugeot Automobile of Nigeria (PAN), Kaduna.

Volkswagen of Nigeria, Ijanikin, Lagos.

Steyr Moyors, Kano.

Leyland Automobile Ltd, Ibadan.











And many more others.

Superjazz:

I get your point.at every country you have strategic companies that the government initiate. In order to accelerate national industralisation most govts initiate projects and companies e.g automobiles, electronics,softwares,millitaries etc manufacturing.before making them joint stock companies Isreal used this method after independence in 1949 and look at their level of progress same with India or russia.capitalism is no excuse for a serious govt to aid in industralisation of a country.since investors aren't foughtcoming there is nothing wrong for the government to step in and accelerate the industralisation of a country.

ivolt:

What's all this?
It seems you have been so confined to classrooms that you cannot reason out of it.
I just saw your question about "cash crops", do you think this is an exam hall?



You just confirmed my suspicion. Everything you know comes from what people "tell you".
Parroting elementary and unoriginal viewpoints as if they are some divine creed does not portray you in a good light.


What ppl tell me..?...am almost bringnman cuz of reading off,textbooks,magazine and internet....well,I read a lot especially on economy...that's why it will b almost impossible to know better than me in this field....av spent almost all my life in the study of economics....

Now back to your point....I asked the the question on cash crop...cuz we were taught they were crops which fetches us money if we grow them while food crops is for food...do you know the white to you that so you can do cuz more on cultivation of crops that are resource to their industries....psychology of self interest...


Now, let us leave the classroom and go to the real world.
If domestic investors are shunning real investment in certain sectors, it is either they are getting free money
(via government subsidies) elsewhere or they see problems that you can't understand.

Local investors are neither poor nor uneducated in any real sense.

To this..and looking at Nigeria...who are those with money..? Investors or politicians..? Remember all politicians in Nigeria were one form of professional or the other...politics became the highest paying job..making tinubu for instance dump accountancy for politics, Annie okonkwo dump business investment for politics,okowo an astute doc. Dump his profession for politics...and many more of them...now aside these people,the next sex of wealth holders are not literate and fear to do real productive Biz...and instead prefer importation, the next set below them build only houses as form of investment...so I asked, who will build the car companies,solar panel,t.v,fridge,tractor and lots of high tech company..if not foreigners......that's why I say our domestic investors are scared.........do you know what it took Jonathan to make dangote out his mony into that refinery project even when the sector is still regulated......................then bubu came with a strong policy reversal.....these are things that foreign investors envisage and would not com even if tax is zero percent.....in dt meeting BTW Jonathan and prospective oil biz ppl , there are over 20 foreign firm.......only dangote went ahead

Rather than trying to solve the real problems that are keeping investors away, you advocate
for flushing more money down the drain in doomed ventures that the government cannot manage


Solving the problems still does not guarantee that investors will com.......does Ghana HV political instability, power problem, multiple tax problem, exchange rate problem, unstable price problem, huge infrastructural problem, high corruption problem..? Why then have investors not flooded Ghana.....why are there critical sectors still left not invested on......?


The "norms" are for countries primarily engaged in export of extractive commodities to subsidize the populace and
create failed industry they had no idea about managing.
What you get is largely entitled and unskilled populace.

The norms are the private enterprise supremecy as you advocated.....but China is growing exponentially without this norm, CCECDE, Alibaba, weibo, hauwei and a whole lot more are Chinese govt enabled firms whom they project a private individual as its head to pacify the west where they seek to gain international acceptance ...even the BBC is not privately own,the British airways is not privately own....these are critical sectors govt came in and through which they boosted their economy....the govt of Dubai,.built the city and not privates,... But equity stakes can be divested to private hands..but never at the beginning.....

Akwa-Ibom established subsidy-funded firms that rely entirely on the state's allocation.
How much was invested to start the firms?
Can the firms pay their own workers' salaries from the generated profits if any?
How much does the firms generate for the government?

Those "productive" firms will still get budgetary allocations to keep them afloat because they are mere vanity
projects.
It is possible that one becomes buoyant in the short term but that is a bug and not by design.

What Akwa-Ibom government did was to create a semblance of starting an industry in order to create employment.
People love such gestures and are happy that the government is "doing its job".
They didn't understand that it comes at a cost.


You didn't go to akwa-iboms acctibg to know its subsidized....having you heard of private RU Ned govt establishment b4..? That's what they employed...it's time to start to tink up new ways of development aside the norms the Americans and Europeans HV instilled in you.....even america in a bid to save her industries in 2008 bailed them out of financial mess....

NNPC is running at a loss, year in year out despite private OCs turning profits for their shareholder.
That is in a sector that some countries are successfully managing.

Yet, you want a country that can't manage an oil company to start setting up industries.

What your so-called graduate wants are irrelevant.
Most of them shouldn't have been admitted in the first place as they had no business getting a tertiary
education.

But due to the myopic government thirst for subsidizing unproductive sectors, every Dick and Harry
can get admission and graduate with no useful skill nor experience for surviving in the real world.
Unfortunately for the government, it lacks the finance to place its undeserving graduates on lifetime subsidies
leading to an unprecedented unemployment rate.

We won't come out of this mess until the destructive subsidy policies are removed.

The only people that should get tertiary education are those who can afford it or merit a scholarship.

Now, let us revisit countries that have emerged from rots.
China didn't develop by mass graduating and mass employing graduates.
It did by enforcing meritocracy such that only students who deserve tertiary education get admitted.
This was accompanied by the rapid development of infrastructure that attracted investors.
We can all see the results today.

Does the government have other roles to play?
Of course.

China enrols about half of its post-secondary school students in vocational education.
Germany also has a similar policy where educationally challenged students are automatically
assigned to vocational schools.

China is on record to be the nation with the highest number of state sponsored students for tertiary education in the west...no. De should have waited for the people to save and pay for very expensive but vital education in the west in other to improve her technical knowhow as a nation.. To them,that is one of their critical sectors that need intervention

Graduates are not the ones making iPhones in China, it is the less educated.

You dontbhb to b a granduate to work in a factory....go to innoson, drop outs mk those big cars you see on the roads...so that's not special

Also, the government should be a major player in the defense and health sector not because they can turn a profit
but for the sake of saving lives.

That is a known funtion of govt....but as I say...you live by the norms and traditions.... Think outside the box man...think!

You talk about privatizing such firms. Who do you think will take over aside from government friends who will demand
more subsidies in order to keep it running..../whether its govt friends or not...the person paid for it ..and will b foolish to allow his investment rot away. So natural instinct will tell you the person will move to action..desist from the pull him down mentality you weild

If there is real money to be made in a sector, investors(local or foreign) will come in and outcompete the government in a short period.

Suppose they are too scared to come in like in our petroleum sector ,what do you do...? You wait forever..?

Any country that always gets into trouble because of a drop in certain commodity prices is headed for trouble.
regardless of how sophisticated or impoverished they look to outsiders.

That is because ,they have failed to take the bull by the norms and move away from the norms of economics promoted by developed nations,we don't have same demography ,terrain and culture as them,so we need different solutions......

Change norms and traditions!......tanks for engaging me

rusher14:


Enterprise is in the hands of me and you whilst government takes care of security and utilities.

Watch how Dangote would manage his refinery whilst NNPC would never.

Nothing stops you from seeking loans to set up a manufacturing company just as Dangote has a refinery.

Funny.
Is that man suppose to provide his own power supply as well? And other things.
You know very well how difficult it is for ordinary Nigerians to access big loans in a country like ours. Dangote is a special case, isn't he?

Superjazz:

Research about Isreal Russia and india.lets take Isreal and Russia for example key industries aviation automobiles,electronics software millitary manufacturing industries are been runned by the government these are strategic industries.after creating them they became jointstock companies.but the government where the brain behind them been set up and they make money from it.can Nigeria be like that?

Even Volkswagen was started by Hitler.

obaaderemi:
Funny.
Is that man suppose to provide his own power supply as well? And other things.
You know very well how difficult it is for ordinary Nigerians to access big loans in a country like ours. Dangote is a special case, isn't he?

It is difficult because Nigerians are difficult people.

Again, when would we think outside the box?

We have a peculiar problem when it comes to power supply but have individually and collectively sought solutions?

In the flat I lived in around 2011, I was spending 3k everyday powering my generator. Strangely, the occupants of the 9 other flats in the compound did about the same.

Think about it. 30k everyday from one compound on providing electricity for themselves.
900k a month.

If Nigerian entrepreneurs cannot find a margin on there, then they are slow.

Imagine the noise pollution, the breakdowns, the logistics necessary to have 10 generators working day and night.

Nigerians must find local but sustainable solutions.

Always waiting for Godot would mean waiting in vain.

Ventura1:

All what you stated as excuses does not tally with common sense, all the failures you listed are functions of leadership, which someone like you supported.

That these present leadership cannot do it does not mean they are impossible and that their are not Nigerians that can do it.

What you lack is self-esteem and a belief system that has been ingrained in you by bad leadership, these oppressive class have stripped someone like you of their dignity to the extent that whatever they failed in, is almost impossible.

Wake up and free yourself.

Don't mind them. What stops the government into going into joint ventures while creating industries which can lift Nigeria out of poverty. The day to day running of such ventures can be left in the hands of private corporations.

obaaderemi:
Even Volkswagen was started by Hitler.

No it wasnt.

Granted it was started by the Nazi party, it was at a time when socialism was still an acceptable practice, globalization was largely non-existent and of course, buoyed by the german zeal and work ethics.

We've been down this road before.

It's time for Nigerians to create and stop waiting for the lord to do it for us.

obaaderemi:
Don't mind them. What stops the government into going into joint ventures while creating industries which can lift Nigeria out of poverty. The day to day running of such ventures can be left in the hands of private corporations.

As someone asked you, are you new to the country?

A plethora of now moribund industries were kickstarted on this basis but they failed.

rusher14:


It is difficult because Nigerians are difficult people.

Again, when would we think outside the box?

We have a peculiar problem when it comes to power supply but have individually and collectively sought solutions?

In the flat I lived in around 2011, I was spending 3k everyday powering my generator. Strangely, the occupants of the 9 other flats in the compound did about the same.

Think about it. 30k everyday from one compound on providing electricity for themselves.
900k a month.

If Nigerian entrepreneurs cannot find a margin on there, then they are slow.

Imagine the noise pollution, the breakdowns, the logistics necessary to have 10 generators working day and night.

Nigerians must find local but sustainable solutions.

Always waiting for Godot would mean waiting in vain.

You are still not getting the point
NoTHING STOP A GOVERNMENT OF A DEVELOPING THIRD WORLD NATION TO START A GROUP OF COMPANIES AND PRIVATISE/OR MAKE IT A JOINTSTOCK COMPANY LATER so many successful countries today started it.
Sukoi IAI are some of the key govt initiated companies and industries that generates revenues in billions of dollars to the government of of Russia and Isreal.what you should be saying is that WE HAVE A BAD QUOTA SYSTEM AND CORRUPT GOVERNMENT.thats why Nigeria government can not initiate any meaniful industries and go about begging for investors.take a look at the NNPC corruption in that sector had gone from bad to worst after 5yrs of APC rule.APC/PDP are scam
"what are you defending?

Superjazz:

You are still not getting the point
NoTHING STOP A GOVERNMENT OF A DEVELOPING THIRD WORLD NATION TO START A GROUP OF COMPANIES AND PRIVATISE/OR MAKE IT A JOINTSTOCK COMPANY LATER so many successful countries today started it.
Sukoi IAI are some of the key govt initiated companies and industries that generates revenues in billions of dollars to the government of of Russia and Isreal.what you should be saying is that WE HAVE A BAD QUOTA SYSTEM AND CORRUPT GOVERNMENT.thats why Nigeria government can not initiate any meaniful industries and go about begging for investors.take a look at the NNPC corruption in that sector had gone from bad to worst after 5yrs of APC rule.APC/PDP are scam
"what are you defending?

You aren't getting the point.

This has been done before and it failed mightily.

Even when people point this out to you, you insist we must do it again.

bigpicture001:


NYSC gives 1milliin naira loan scheme with your discharge certificate as your only collateral...is that not enabling environment ...why don't people seize that opportunity...?

if that's the case, I know many graduates that would collect this loan instead of going to LAPO. 95% of graduating corpers don't think of working for the government. therefore, if it is possible to collect a loan from government, they would gladly take it. we for south south no dey pay government loan back.

rusher14:


No it wasnt.

Granted it was started by the Nazi party, it was at a time when socialism was still an acceptable practice, globalization was largely non-existent and of course, buoyed by the german zeal and work ethics.

We've been down this road before.

It's time for Nigerians to create and stop waiting for the lord to do it for us.

What are you then saying? Volkswagen was started by the Nazi party under Hitler.

Someone has to lead one way or the other. Nigerians are not lazy or stupid. There are a lot of bad eggs, but then there are many Nigerians doing great things, even right here in Nigeria. The missing link is leadership.

rusher14:


As someone asked you, are you new to the country?

I don't recall anyone asking me that question.

rusher14:

A plethora of now moribund industries were kickstarted on this basis but they failed.

Which ones? If we had such companies, then what stops them was poor leadership and nothing else.

rusher14:


It is difficult because Nigerians are difficult people.

Again, when would we think outside the box?

We have a peculiar problem when it comes to power supply but have individually and collectively sought solutions?

In the flat I lived in around 2011, I was spending 3k everyday powering my generator. Strangely, the occupants of the 9 other flats in the compound did about the same.

Think about it. 30k everyday from one compound on providing electricity for themselves.
900k a month.

If Nigerian entrepreneurs cannot find a margin on there, then they are slow.

Imagine the noise pollution, the breakdowns, the logistics necessary to have 10 generators working day and night.

Nigerians must find local but sustainable solutions.

Always waiting for Godot would mean waiting in vain.

Why are you relentlessly defending our inept government?

Power supply is something the government has to find a solution to. Successive regimes since obj have promised and failed to solve the problem.
Lagos state once tried to fix the problem for Lagos. Federal government red tape blocked it.
The same Lagos under lateef jakande tried to introduce metro system in the 80s. They were effectively stopped when Buhari took over in 83.

The biggest hindrance to Nigeria's development is not "Nigerians" themselves but the government.