Competition drives innovation



Competition drives innovation

The FG can help create 20 or more Dangotes in Nigeria by granting those other Nigerians even 50% of what they grant Dangote in terms of waivers, concessions and access to forex at official rates and Nigerians will benefit more.

You have a lot of billionaires in the US because the system discourages monopoly and promotes healthy competition since they understand the long term damage monopoly will cause on the American people and economy.

The current situation whereby young Nigerian entrepreneurs cannot access as little as N100,000.00 to turn their ideas into realities and sustainable businesses is bad. Bad for the entrepreneur, bad for the economy and bad for the country.

Yet, a few privileged Nigerians have access to funds they may not really need at interest rates that are very friendly.

Competition drives innovations!!!

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You cannot carry out fundamental change without a certain amount of madness. In this case, it comes from nonconformity, the courage to turn your back on the old formulas, the courage to invent the future. It took the madmen of yesterday for us to be able to act with extreme clarity today. I want to be one of those madmen. [...] We must dare to invent the future....Thomas Sankara

 

 

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