Tuesday, 28 February 2017

When death sentence is appropriate

While one was struggling to digest the shocking revelation that former state oil chief executive Andrew Yakubu callously and criminally hid $10 million (more than N3 billion) in a mud house in the slum of Kaduna, news of the recovery of 17 exotic cars and assorted vehicles from a premises belonging to former Customs Comptroller-General, Dikko Inde Abdullahi, created a backflow of stomach acid and juices into my oesophagus. The resultant metallic taste is sickening.

What is wrong with Nigerian leaders? How could a man, in his right senses and frame of mind, seize other people's vehicles, in the guise of fighting smuggling and lock up the merchandise in a remote location, gathering dust? The pervasive poverty mentality compels people to steal and store up what they will never need or use in their entire life.

Monday, 20 February 2017

Government must encourage, not destroy, private sector

Many in government carry on as if the private sector is a nuisance. They talk down on the private sector, criticize and do all within their powers to drag down private sector operators. This is one posture I find a bit confusing and incomprehensible.

The evidence is clear; the private sector is the engine of growth. Successful businesses drive growth, create jobs and pay the taxes that finance services and investment. In developing countries, the private sector generates 90 per cent of jobs, funds 60 per cent of all investments and provides more than 80 per cent of government revenues.