- A Tribute to My Namesake – Senator John Sidney McCain III. - August 26, 2018
- Opinion: How Bad Does Nigeria Have to Get? - July 3, 2018
When a business becomes unprofitable and insolvent, it is put through the bankruptcy courts where it undergoes financial ‘restructuring’. This can involve de-mergers, spin-offs and other activities that show that the original enterprise was flawed and is resulting in losses for its stakeholders.
How bad does Nigeria have to get before we embark on bankruptcy proceedings? How much more can we take before we ‘restructure’, de-merge, spin-off or do whatever it takes to stop this accelerating descent into medieval mediocrity that has been the case since 1966?
Another election is like attempting to change management for a Horse Carriage business in the hopes that the new team will somehow achieve results against the trend towards automobiles (circa 1940s).
With a situation like that, you don’t need a new management team filled with whizkids, or even a revamped business model or marketing strategy. Or even a team of moralists with high integrity.
You simply need to close the business! Spin off the horse racing SBUs, sell off the factories and buy shares in the new automobile companies.
That is reality, not wishful thinking.
All other major British colonies have de-merged. India, Pakistan, Bangladesh, Malaysia, Singapore etc.
De-merge Nigeria Now.
Or at least Restructure Her drastically.
. . . Or wait for our children to do what we lack the foresight and courage to do.
This post was written by Chimaobi Eluigwe.
The views expressed here belong to the author and do not necessarily reflect our views and opinions.
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