As you close the week, in Nigeria, my desire is that the size of the opportunities, NOT the readiness of government policies, should drive you to take action. Nations are built by pioneers who typically go ahead of governments. The Carnegie wrote the ordinance in steel before the U.S. government, the Rockefeller created the oil sector before his government, the Mellon engineered banking in new ways. As they expanded, the government now came to regulate them, to avoid them destroying their companies and the nation!
While we hope for agility and efficiency from our government, always remember that only the private sector can improve the public sector because unless the government has resources, via taxes and fees paid by the private sector, nothing will change! The promises of governments are future fees and taxes from the private sector. Without those private sectors, governments cannot do anything.
Nigeria is not in a position to think in months because we do not have resources (yes, we hope we can do better with the little we have). But when our private sector expands, resources will come to governments, and great things will happen. It is ironic – the private sector must advance before the public sector could become efficient. Why? The wealth of nations passses through entrepreneurial capitalism which seeds better public institutions as it pursues the mission of fixing market frictions.
Think about it: your village local government area (LGA) may not be relevant because there is no major company in that LGA. But the day a big company begins to operate in that area, you will notice that the LGA will start bubbling with resources to do better for the citizens. Simply, the big company is now “funding” the LGA administration through fees and taxes the government is collecting from it. Interestingly, it is nearly impossible for the LGA to advance before a reasonable company begins operating therein. Until Nigeria has pioneers in markets, our local governments will not advance to serve our public needs!
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