http://www.vanguardngr.com/2009/07/06/asset-valuation-transcorp-and-the-reprivatization-of-nitel-ii/ Latest news from Nigeria, business, politics, entertainment, lifestyle, fashion, health, technology Sat, 21 Nov 2009 09:13:59 +0100 http://wordpress.org/?v=2.8.6 hourly 1 http://www.vanguardngr.com/2009/07/06/asset-valuation-transcorp-and-the-reprivatization-of-nitel-ii/comment-page-1/#comment-11003 Cyril Harry Mon, 06 Jul 2009 13:02:23 +0000 http://www.vanguardngr.com/?p=7354#comment-11003 If the last administration were still in power would the current asset stripping of Transcorp be contemplated by BPE and NCP? When UK privatised public utilities what did they do? So what is so banal about government seeding a conglomerate such as Transcorp by delibrately making public assets available to members of the public through it? What I find saddening is the current government's penchant for mistaking retrogressive/destructive acts for 'due process enforcement'. I would expect that rather than destroy Transcorp in which ordinary Nigerians have invested so much, the government would have sought to enhance the concept and right whatever wrongs there might have been without destroying it. One comes off with the feeling that whatever does not give undue advantage to the Northern elites must be vilified and destroyed by this government - this is a government that feels no qualm in pumping N15Bn into a Petroleum Institute and spending N50Bn on a ring road in Abuja but considers N78Bn on Federal Universities too much and would rather have our wards out of school. We may not like it but the truth is the Transcorp ideal resonated very well with Nigerians - even those of the diaspora and they invested heavily in it. What Nigeria needs are people who would create not destroy, which is what this government appears very good at. If the last administration were still in power would the current asset stripping of Transcorp be contemplated by BPE and NCP?
When UK privatised public utilities what did they do? So what is so banal about government seeding a conglomerate such as Transcorp by delibrately making public assets available to members of the public through it?
What I find saddening is the current government’s penchant for mistaking retrogressive/destructive acts for ‘due process enforcement’. I would expect that rather than destroy Transcorp in which ordinary Nigerians have invested so much, the government would have sought to enhance the concept and right whatever wrongs there might have been without destroying it. One comes off with the feeling that whatever does not give undue advantage to the Northern elites must be vilified and destroyed by this government – this is a government that feels no qualm in pumping N15Bn into a Petroleum Institute and spending N50Bn on a ring road in Abuja but considers N78Bn on Federal Universities too much and would rather have our wards out of school.
We may not like it but the truth is the Transcorp ideal resonated very well with Nigerians – even those of the diaspora and they invested heavily in it. What Nigeria needs are people who would create not destroy, which is what this government appears very good at.

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