Nigeria's economic remix
Is privatization a solution to Nigeria’s economic growth?
Privatization in Nigeria aims to enhance efficiency and attract private investments in various sectors, including telecommunications and oil and gas. Companies like MTN and Airtel emerged following the privatization of Nigerian Telecommunications Limited (NITEL), while partial privatization of the Nigerian National Petroleum Corporation (NNPC) took place in the oil and gas industry. However, challenges related to transparency and social impact persist. Despite the privatization of the Nigerian Power Authority (NEPA) into the Power Holding Company of Nigeria (PHCN) in 2013, the provision of reliable electricity remains a major concern. Consequently, the impact of privatization on Nigeria's economy remains a topic of ongoing debate.
Join us tomorrow, Tuesday, the 27th of June, at Ventures Africa's LinkedIn audio event to discuss whether privatization can improve Nigeria's economy.
VA Poll
Recently, we conducted a survey asking our audience whether or not privatization can improve Nigeria's economy. The results show that a significant number of respondents (59%) believe that privatization can have a positive impact on Nigeria's economy if done effectively, with proper regulation and management. However, there were differing opinions, with 20% of participants remaining unsure and 22% expressing a negative outlook.
Meet our speakers!
Kelvin Emmanuel is the CEO of Dairy Hills Limited, a leading company in the dairy industry known for its high-quality products and innovative approach. In addition to its current offerings, the company is expanding its value chains in the B2B sector by incorporating industrial starch and animal feeds.
Alikor Victor is an Economist and Policy Analyst at Nextier, a trusted public sector advisory firm. Their mission is to provide practical solutions and become the go-to advisor for public sector organizations. Nextier adopts a fact-based problem-solving approach, focusing on projects that create a lasting impact and transform Nigeria and beyond.
Gbemisola Joel-Osoba is an economist specializing in global policy at the ONE Campaign, a non-profit organization focused on poverty eradication and disease prevention. Gbemisola works to influence policy decisions and advocates for poverty reduction and sustainable development.
Remember to stay safe!
