Our government claims to be broke, yet there are massive untapped opportunities that can yield both short and long term gains for Nigeria and Nigerians. I strongly believe that the Government have no business running a business; they should stick to Governance and regulation.

So i ask, what is stopping the FG from going public with her core revenue generation agencies by listing them on the Nigerian Stock Exchange (NGX)? FG can still retain 35% to 49% shares in these listed agencies and still make tons of money off them without them been burdened with their day-to-day operations?

It will also boost the market Capitalization of the NGX and the economy at large. It is a win-win situation. We will be competing and even overtake South Africa in terms of economic size. And with the public scrutiny that follows publicly quoted companies, the management of these companies will sit up.

Imagine the massive opportunities that will be created if FG lists the following agencies on the NGX:

1. Bank of Industries
2. Bank of Agriculture
3. NEXIM Bank
4. Nigerian Agricultural Insurance Corporation
5. Nigerian National Petroleum Corporation
6. Nigerian Postal Service (NIPOST)
7. Nigerian Railway Corporation (NRC)
8. Nigerian Television Authority (NTA)
9. Ajaokuta Steel
10. All GENCOs, TCN and DISCOs
And many more.....

In addition to the revenue generated from the sale of shares and dividends received from listing the above agencies, the FG will make more money by focusing on Core Regulatory Agencies like Customs, DPR, CAC, FIRS, CBN, SEC, JAMB, Road Safety, NAFDAC, NBC, Immigration, Nigerian Ports Authority, NCC, SON, etc.

You raised a good point, but it takes an organisation that is properly run to call for investors and people will invest. You cannot be buying the shares of agencies that they run like criminal organisations. For instance, look at NNPC, year in, year out, it keeps incurring huge losses. It can only take a foolish person to buy their shares.

The other day, I was wondering why buying shares in Nigeria doesn't make people billionaires. For instance, Warren Buffet became extremely wealthy by buying shares, but you cannot say the same for Nigerians because most Nigérian shares become worthless a few years later. If that could happen to private businesses, imagine what would happen to the shares of government agencies.

The federal government sells bonds. If Nigerians trust their government, that will be an avenue to raise crazy money for the government. We just don't have responsible people in government. If we did, they would announce how much they raised through bonds and how they intend to spend the money. Nobody entrusts their hard-earned money to a criminal.


PS: #10 are owned by individuals, not the government.

222Martins:
Our government claims to be broke, yet there are massive untapped opportunities that can yield both short and long term gains for Nigeria and Nigerians. I strongly believe that the Government have no business running a business; they should stick to Governance and regulation.

So i ask, what the stopping the FG from going public with her core revenue generation agencies by listing them on the Nigerian Stock Exchange (NGX)? FG can still retain 35% to 49% shares in these listed agencies and still make tons of money off them without them been burdened with their day-to-day operations?

It will also boost the market Capitalization of the NGX and the economy at large. It is a win-win situation. We will be competing and even overtake South Africa in terms of economic size. And with the public scrutiny that follows publicly quoted companies, the management of these companies will sit up.

Imagine the massive opportunities that will be created if FG lists the following agencies on the NGX:

1. Bank of Industries
2. Bank of Agriculture
3. NEXIM Bank
4. Nigerian Agricultural Insurance Corporation
5. Nigerian National Petroleum Corporation
6. Nigerian Postal Service (NIPOST)
7. Nigerian Railway Corporation (NRC)
8. Nigerian Television Authority (NTA)
9. Ajaokuta Steel
10. All GENCOs, TCN and DISCOs
And many more.....

In addition to the revenue generated from the sale of shares and dividends received from listing the above agencies, the FG will make more money by focusing on Core Regulatory Agencies like Customs, DPR, CAC, FIRS, CBN, SEC, JAMB, Road Safety, NAFDAC, NBC, Immigration, Nigerian Ports Authority, NCC, SON, etc.

The major problem in Tinubu's government is not lack of money, but corruption, even if you do all these, investors might end up losing money, Tinubu is running Nigeria like a drug cartel, Loyalty and his political structure are the most important things to him, anyone he appoints can do as he likes as long as it does not affect his political structure or loyalty to him, then you are good to go.

You think Tinubu is interested in solving Nigeria's problems? no, he is only interested in making sure his structure and loyalist are in place for 2027 re-election, then run propaganda to white wash him as good as possible....

We all know that NNNPC is a cash cow for politicians and the government. The reason it is declaring losses is because most of its revenue are not declared and diverted to God-knows who. But listing it on NGX will open the books for scrutiny. The public will now see where and how the money flows. The PH and Kaduna refineries will be forced to work or sold off. The management too will sit up or they will be booted out by shareholders if they don't perform.

SoNature:
You raised a good point, but it takes an organisation that is properly run to call for investors and people will invest. You cannot be buying the shares of agencies that they run like criminal organisations. For instance, look at NNPC, year in, year out, it keeps incurring huge losses. It can only take a foolish person to buy their shares.

The other day, I was wondering why buying shares in Nigeria doesn't make people billionaires. For instance, Warren Buffet became extremely wealthy by buying shares, but you cannot say the same for Nigerians because most Nigérian shares become worthless a few years later. If that could happen to private businesses, imagine what would happen to the shares of government agencies.

The federal government sells bonds. If Nigerians trust their government, that will be an avenue to raise crazy money for the government. We just don't have responsible people in government. If we did, they would announce how much they raised through bonds and how they intend to spend the money. Nobody entrusts their hard-earned money to a criminal.


PS: #10 are owned by individuals, not the government.