Government investing right
There are always several ways to grow a country’s GDP but it has been overlooked. When I look at the advantages the government has as an entity I always feel they should do better. Consider the fact that the citizens are bent to their rules. That being said, the government owns everything. Hmmm, I am just imagining what a true entrepreneur would have done with such an opportunity.
It seems one of the most careless sets of investors are the government. Or so it seems in some parts of the world. A good government project is ALL about profitability, something they have really been lacking.
The African nation has so much trails of that; wondering where they copied it from. I talk about this in my recent article how what would have yielded profit seems overlooked and the Vice is prioritized.
How do you explain to someone a country that has abundant crude oil yet has no functioning refinery? It is not something I enjoyed writing about anyway. It is just a flaw that can be very irritating. I mean, why enjoy taking this crude here and there for refining? My question always bounces back to, ‘are there no economists making up the government board?
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What prompted this article was a newly designed 4 lanes Billboard that just got erected in our area. Ok, I am staying in the heart of the town, at least we have seen some level of environmental development.
Without doubt what was just erected still adds to the beauty of our roads but the fact remains, billboards are meant for advertising for revenue and when such is not met it returns a bad investment.
You have to first estimate how much it will cost to erect such a cross-road iron bar Sign post on a 4 lanes. I wouldn't doubt if the government spends up to N10 million naira (around $6,600) to fix that. How will they be able to get this money back? How much will an ads on that billboard be worth monthly? I thought this money was chicken change until I did a little research.
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These billboards are worth investing in if properly managed. From what I am seeing here, that newly erected billboard should charge up to N300K to N500K monthly. At least at N300k, we are sure of getting back the capital in 3 years. Not too bad anyway for a government project.
Or are they even interested in getting the money back? Most billboards have been for political purposes; it ends up living not up to expectations. This is where I was pointing to. There have been continuous flaws in public sector management. We had so much electrical issues until this sector was privatized.
All of a sudden, our national cement production factory shut down some years ago. Is it not the same product that Dangote is famous for? It boils down to mismanagement of public sector facilities, equipment and businesses.
To conclude, the public sector has been a flaw in many parts of the country. From here, it shows that entrepreneurs are best to lead a nation. Anyway, there are many things to put into consideration; the seat up there seems to always be very hot. So many double minded individuals making up the parliament remains one of those big setbacks. In the absence of visionaries a nation’s wealth goes into oblivion.
It has been one of those things we have seen in many African countries for instance, they have abundance of resources yet still get credited as poor and underdeveloped countries. It was one of such ideas to privatize everything in the country. Not bad anyway yet I don't know how long this would last or secondly if these private entities would turn out to be truly private.
All I am saying is that government bodies needs to sit up. The citizens are dependent on how they can stir the economy to fruition. At least we have seen some nations live up to this expectation. This is no trick, these results are open to copy and imitate to better the economy.
Posted Using INLEO