Wallie:

The government should not necessarily set up industries for themselves but that’s not stopping the government from implementing an enabling environment towards a strategic vision.

Can private sectors function when there’s no access to funding and state laws are working against them?

hbrednic:

Any governor that doesnt know what will benefit his people most,should just step now.
abi they all have senior special assistants+special assistants+ordinary asstitants and all the assistants have their own assistants.
why disturb nairalanders

Laalamed:

@alh-harem,what about governors with dead conscience.until system of government is changed to confederation or true federalism or nigeria is divided into small nations we cannot move forward.

kalokalo:

Nigerians are inward socialists. They prefer everything to be provided by the government. All the problems listed on this thread are investment opportunities for savvy entrepreneurs. Unfortunately we complain in frustration about it for decades e.g. telecoms until South Africans came to solve this problem and are carting billions back to their country.

Electricity supply, water supply, housing, healthcare, education,waste management, agriculture etc are all investment opportunities that private firms with long-term outlook will reap bountifully from considering that they are basic necessities with inelastic demand. The government only need to chip in with enabling laws and policies.

As far I'm concerned, the only thing our governments should focus on are (1) law and order (2) Enforcement of contracts. Every other things should be private sector / commercially driven albeit subject to regulatory oversight. Experience has taught us over 50 years of independence that the Nigerian state is too inept and corrupt to provide any goods and service well. They should leave it to the private sector.

kalokalo:

That's why i said the government needs to chip in with enabling laws and policies that points to a strategic vision. There are a lot of anti investment laws in our statute books that needs to be repealed.

An example is the Land Use Act which without being repealed will cause us to never have mass access to  mortgages/housing/properties.  Another example is the Railways Act of 1955 which bars private investment in railways (as an analogy, imagine if the only airline in Nigeria is Nigeria Airways).

On a final note, funding to do serious long term business in Nigeria cannot come from within Nigeria. Ask the IOCs, telcos, Dangote, Oando etc. Nigerian banks will only grant notes of short-term tenor at usurious interest rates. Serious investors will need to procure funds from outside Nigeria

First of all have the fear of GOD and the Governor should remember he will die one day plus whatever he do today will become history tomorrow. The things i think Nigerians will benefit most would be Power ( electricity ) , Good Roads, Education, and creation of employment.

THIS IS TRUE!
I ALSO BELIEVE POWER IS THE MOST IMPORTANT!
EMPLOYMENT SHOULD BE NEXT BUT THEY CAN ONLY ACHIEVE THIS BY WOOING INVESTORS WHO WILL CREATE AVENUES FOR EMPLOYMENT.
INVESTORS WILL ONLY GO TO PLACES WHERE THEY CAN DO THEIR BUSINESS IN PEACE AND HAVE THE FACILITIES TO REACH THEIR MARKET EASILY.
LET THE GOVERNOR MAKE THE STATE TO BE KNOWN FOR A CERTAIN GOOD AND HIGH-IN-DEMAND PRODUCT.
THE REST WILL BECOME ACCOLADES. NO GOVERNOR HAS YET ACHIEVED THIS. (though Fashola is trying he is far from achieving this).

Imagine Omegasavings & Loans (Mortgage Bankers) CliffTop Estate in Port Harcourt. What Brain could give this investment? Still selling for all to make money from as agents. Contact David-08035214480

THIS IS JOB CREATION BY A PRIVATE EMPLOYER. THESE BRAINS SHOULD BE IN GOVERNMENT.

POWER - It all begins with POWER. Fixing Nigeria's power supply alone will also (partly) fix the employment problem and
joblessness of our youths, will support existing businesses and create an acceptable working environment for foreign investment. It will also affect the crime rate as with more jobs, there will be fewer jobless youths in the streets,

EVERY STATE GOVERNOR IN THE COUNTRY INCLUDING THE PRESIDENT AND ALL MINISTERS SHOULD STOP EVERYTHING ELSE AND FOCUS ONLY ON FIXING NIGERIA'S POWER SUPPLY. Maybe such a combined effort will solve the problem, as they are not really solving any other problems anyway