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Nigeria’s most controversial present – Two Angry Men! – with James and Harry are indignant at Nigeria Business – do foreigners own all the companies within the nation?
“We’re Nigeria, the giant of Africa – we’re black and we’re proud but tell me – na Nigerians dey run Nigeria or Oyinbo people?” asks James.
(Nigeria Business) Two Angry Men – do foreigners own Nigeria?
Since the opening up of the Nigerian financial system to worldwide funding because the return to democracy in 1999 – lots of the new companies are owned by international corporations.
Foreign corporations and buyers see enormous potential in Nigeria’s untapped market and enormous inhabitants – however why are so few Nigerian corporations in a position to benefit from the alternatives of their own nation?
“Park & Shop na Indians, Shoprite and Game are South African… who get MTN? South Africans! who get Airtel? Indians!” says James. “Which one we get?”
“Starcomms!” says Harry.
“That’s the problem – we are a consuming nation,” replies James.
There are after all loads of examples of profitable Nigerian corporations – however they’re usually the minority; for instance – Fast Food:
“Mr Biggs be like Super Eagles – the more we dey lose, anytime Nigeria dey play stadium na full!” says Harry.
Mobile Telecoms, Shopping Malls, Construction, oil corporations and way more are closely invested in by international corporations. Of Nigeria’s quickest rising industries – banking is nearly wholly Nigerian-owned.
“Lebanese people dey collect all our Mama-Put from us!” says James “They get Mama-Put for Lagos now.”
“Let me ask you one question – see Lebanese mama put and oe under bridge – But which one you dey go?”
“Lebanese – they get packaging!” “We have to improve our enterprise!”
One of the issues is the stigma related to the “Made-in-Nigeria” label, usually derogatorily known as “Tokunbo” (or, second-hand)
“No body is willing to invest in am” says Harry “I agree foreign enterprise don take over.”
“We no sabi anything at all – it dey vex me” says James. “Even Porsche – we dey consume things!”
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