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Start Today, Do Not Wait

Always remember: the business which is operating today is far better than the “greatest” one you plan to start in the future.  You can never be 100% perfect and there is nothing like that. Because tomorrow offers more promises, the greatest company ever has not been started. Find a way to get into the game and stop the fantasy that you would be so great and perfect that today’s operators will exit for you. The word PIVOT exists for a reason: if today’s ideas tank, you can update. But do not wait.

I expect within a decade for Nigeria to auction infrastructure development. We have tried since 1999. It is not working. New game would come with private capital. That choice is a certainty if you check NNPC revenue [decline in revenue even with relative peace on Niger Delta]. You have this oil but no one would be interested to buy it.

Now, it is a double-whammy. You have no money to build infrastructure and you have minimal interest from crude buyers. Because the federal recurrent expenditure is huge, government would focus on servicing it, ignoring capital projects. As that happens, the only strategy would be to auction infrastructure to bidders.

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People would riot but after some days, they would go home because there is no other option. Yet, in that chaos, Nigeria would experience massive wealth creation across all levels of its citizens. Yes, as government power diminishes, businesses would rise since inefficiency introduced through subsidies would go. Market forces will get winners through innovation. It would be great for Nigeria.

Just like in building designs, an iconic structure today suddenly becomes 'obsolete' in few years time. Same goes for waiting to perfect the ideas, by the time you introduce it, you only discover that it's now out of use; and you have closed without opening!

As for Nigeria, it cannot run on autopilot forever, so must at some point come to terms with reality that government cannot fund the kind of infrastructures deficit already prevailing the land. Reality has a way bringing even recalcitrant heads to their senses anyway.

The movement is such that as the government's financial powers diminish, the citizens' financial powers increase; and that's when Nigeria would attend a decent equilibrium.