Find your path

Find your path

Begin the new month with the unbounded possibilities of the future. Be like the dragonfly which even though enjoying the mild water current defines its path. Do not allow the chatter of the paralysis of the Nigerian state to define your state of mind.

Find confidence in the resilience of the Nigerian people. Yes, “surviving” with $42 billion for 210 million citizens when South Africa uses $152 billion for 60 million people. Indeed, the nation would be unstoppable if more resources (and accountability) are possible.

Yes, never be fooled: the national budget of South Africa is controlled by the government, but in Nigeria, the citizens hold the ace. That is why your local government area headquarters may not afford a stamp pad, or the police station cannot afford an electric bulb, even in a place where men and women have all types of mansions.

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So, no matter what they have there as the national budget, understand one thing: Nigerians have multiples they control by themselves. Our yearly flows from consumers to businesses in Nigeria is close to $350 billion; that is a lot!

Nigeria runs the largest “national budget” in Africa even though the official numbers may not show so. Sure, South Africa has $152 billion while Nigeria has $42 billion. But do not be  fooled: the national budget of South Africa is controlled by the government, but in Nigeria, the citizens hold the ace. That is why your local government area headquarters may not afford a stamp pad in a place where men and women have all types of mansions, untaxed. In South Africa, they would have brought some of those private wealth into the public coffers.

Fixing Nigeria’s Lackluster Venture Capital Funding


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