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Which Law In Nigeria Bars The State Governments From Owning Companies - Politics - Nairaland

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Which Law In Nigeria Bars The State Governments From Owning Companies by ojsmscom(m): 12:22pm On Sep 16, 2018
fellow Nairalanders and lawyers in the house let's get this straight and know what exactly is responsible for the Massive unemployment in the country.pls is there any law of the federation that barrs the state governments from establishment of companies or mining of natural resources pls may we know such.state it here
Re: Which Law In Nigeria Bars The State Governments From Owning Companies by dheerajverma321: 12:28pm On Sep 16, 2018
Re: Which Law In Nigeria Bars The State Governments From Owning Companies by fergie001: 12:29pm On Sep 16, 2018
There is no law...
But the truth is that..Government has no business in business...

The idea of Companies is:
-satisfy the yearning of the consumers
-make profits

As long as there tends to be government interference,its just going to be another Nigeria Textile Mill,another Golden Guinea....
So,because of the nature of politics we have here,its counter-productive,and not advisable at alll....

What the useless state Governors should do is create enabling environment,tax cuts,etc....so as to let them thrive...I will say Kudos to Amosun for that.....
Re: Which Law In Nigeria Bars The State Governments From Owning Companies by Lawalatm: 12:33pm On Sep 16, 2018
Law of Stupidity, Lack of Leadership Law, Law of Foolishness and Law of Insight wink wink wink wink wink wink wink wink

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