Nigeria Will Have GREAT Private Companies Before Good Public Institutions

I wrote a piece on Paul Graham’s bold prediction on the Nigerian startup scene. Many responded on LinkedIn and noted largely that Nigeria must have electricity, great schools, etc before we could witness what Mr. Graham was predicting. I am not saying that we do not need those enabling environments. Yet, if you check human history, great private companies have typically preceded the strengthening of public institutions. Why? Governments use the taxes and fees on companies to build public institutions! In other words, you cannot expect good roads, great schools, etc if there are no companies with capacities to pay … Continue reading Nigeria Will Have GREAT Private Companies Before Good Public Institutions