A Market Advice for President Jonathan Goodluck (VII) by Iroabuchi Onwuka

Iroabuchi Onwuka

...such incentive is that necessary if we are to grasp with what happens with small businesses transitioning to mid management. In many ways, most third world economies grind themselves to a halt with false attention on foreign investor seeking to enhance the growth through special privileges. These special privileges create inflationary pressure which rest in peace of the buying power. In the name of economic growth, these third world economies when engaged forget the bullish market side of business and the power of self interest, making silly Tariffs that go the distance ruining the benefits of privatization.

The trouble begins when we have little or no success in privatization and when a country like Nigeria turn to foreign investors who for the fact of being outsiders need guarantees of return from their investment. The problem becomes worse when these foreign investors begin to look for repatriation in super currency for instance dollars. Repatriation in dollars from Nigeria Naira is such a market crash that the 1/150 rate of exchange is the only way to understand price appreciation through market Nigeria.

To say that Globacom and MTN are not very good companies in Nigeria is to raise all kinds of objection. Unqualified reports may be made about them but measured against Oando oil, a Nigerian oil company involved in merit search for newly coveted oil fields, the two companies above may actually rank lower. Many Nigerians may revile against the indictment but it is actually true. Going as far as US example of high rated companies in Thomas Register, Donnelly List, Standard and Pour on Industries, and the 9 US census bureau, these companies will be at the bottom of the list. But there are other more disaffecting list and ranking system. On the whole, these two companies ‘MTN and Globacom’ do not at least come up with any new product and soft ware for general use, as such they merely copy existing products, manufacture prototypes and much of their profit go into expansion and staff provision, mainly.