On NIPOST
Not a popular opinion but I don’t believe that Govt. should run NIPOST. It should be sold (privatized as we call it here), with Fed retaining a minority stake in it; if at all. Same goes for a number of our govt. owned enterprises. The business of govt. is in helping businesses run, not in running businesses.
If acquired and led by an experienced logistics management team, with an injection of equity, NIPOST in 5yrs, can rival DHL, Fedex, GIG and any other major logistics company in Nigeria. And then expand to selected African countries where logistics services are in dire need, and then the rest of the world. In 10 years, Nigerians abroad will receive and send goods back & forth via NIPOST. After that, it can list on NGX for Nigerians to own a part of it.
I have many case studies of what small scale manufacturers go through to ship products out of Nigeria/African. For example example, as our African fashion started to gain attention globally, the cost of shipping them out of Nigeria/Africa became a huge burden for designers. Same with arts. But for global streaming platforms (not built by us), Afrobeats & Nollywood would have lacked export channels.
Unfortunately, no matter how smart an appointed person is, as long as government is involved and it’s primarily run by ma y people you can’t get fired for not meeting KPIs, it won’t achieve its full potential. I am hoping to be wrong in a few years.
Royal Mail carries the British crown 👑 as its logo, but doesn’t belong to the British government anymore. So many other govt. own logistics enterprises in the world have been taken private.
Again, I don’t expect to be agreed with, but NNPC is a classic example of why government, especially ours should not run businesses. My 2 kobo!
#KOnotes