I think the idea of the transcorp is fine. borrowing from the example of other recently developed nations llike Indonesia, India, Brazil, Singapore, etc, we find that the benefits of a large mega corporation to help boost the economy of a country is immence.

Consider the ability to compete in the international market place for instance against large and well established corporations. Consider the financial muscle they would possess to delve into new areas of endeavour hitherto the exclusive preserve of huge foreign firms. I think the benfits are simply enormous.

I only fear the usual nigerian factor  - corruption. I fear also the involvement of key govt and key public sector personnel. I wonder the source of their funds. I also wonder why they are venturing into fields that would not really move the country significantly forward such as heavy industries and IT rather than oil as they plan.

Many quesstions. Few answers. Time would tell.