Monday, October 3, 2016

It is not impossible for Aliko Dangote & Co. to save Nigeria's economy or is it? by Taiwo Obe

Nigeria's tank is somewhat on reserve and racing towards empty.
You can get a fair idea of the precarious situation here.
Or, better still, watch Nigeria's Finance Minister, Mrs Kemi Adeosun, talk about what she calls "the worst possible time for (Nigeria)" and how Nigeria, until recently Africa's largest economy, had been headed in this direction "in the last six years."
Guess what? Nearly every Nigerian is now an economist. So, you have tons of divergent solutions on how Nigeria can regain its economic mojo. Trust late Afrobeat icon, Fela Anikulapo-Kuti: he had, long, long time ago, seen these "confusing times",Listen.
One of the "solutions" that seems to have drawn out a Mexican wave of the one-hands and the other-hands is that "Nigeria should sell some of its national assets" including its 49% stake in the world-class Nigeria LNG which plant on Bonny Island, located at the edge of the Atlantic Ocean, dazzles at night. (Pic, below, sourced from here).
It gained traction when Nigerian billionaire ranked by Forbes magazine as Africa's richest man, told CNBC that Nigeria was better off disposing off its assets than seeking help from the International Monetary Fund and the like.

Since then, the question has been To Sell or Not To Sell. The answers have been as varied as Nigeria's myriad of tribes and tongues. Go ahead and re-enact the scene in Genesis 11: 1-9. Go here if you need some props.
Nigeria's 36 States' governors are lining up behind the Sell proponents.
See: I'm also raising my hand.
What if Mr Dangote leads his fellow-billionaires in Nigeria, 600 of whom one young Nigerian can prove boasts of a combined net worth of over US$100 billion. I wrote about it here.
My submission is based on the fact that one American all on his own saved the United States from collapse twice in 1895 and 1907. That man: John Pierpont Morgan, better known as JP Morgan.
When, after a two year depression, the US Treasury becomes desperate, Morgan, a private individual guarantees them a $100m ($3bn today) and bails out the federal government, effectively bailing out the country from collapse. Morgan virtually single handily saves the US economy in both 1895 and 1907. - Extract from the biographyon J P Morgan
There you have it, Aliko Dangote. Your creed is: nothing is impossible. This shouldn't be.
One practical way. Let there be series of adoptions of all the critical infrastructure for revamping; which will mean, among others, jobs and more jobs, Adopt-A-Road. Adopt-A-Hospital. Adopt-An-Airport. Adopt-A-University. Adopt-A-PowerPlant. Adopt-A-Dam. Adopt-A-Brige. Adopt-A-State (Yes). Adopt-A-Local Government. Adopt-A-(Insert).

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