Nigeria And Foreign Companies: Lesson From Harare

When Zimbabwe was still Rhodesia, Robert Mugabe was an activist who along with his more popular friend, Joshua Nkono ,"fought" for the independence of their country.
In 1980, Mr Mugabe manipulated his friend to the opposition. Nkono was like Mandela. Mugabe wanted to replace white people as masters of Zimbabwe.
Zimbabwe was attractive because the companies were all White owned. And there were no laws forbidding blacks from setting up farms.
Then, Mugabe, now very rich and Nkono, very dead, moved in on the whites. He wanted "Africa's" land back.
Image result for nigeria business
Everybody knows what happened after then.

Nigeria's current government is finding it difficult to shed its 1983 skin.

MTN and Stanbic IBTC are foreign companies. Today, there are international rules of engagements that were not in place in 1983. Both companies answer to shareholders. Unlike Nigeria.

The CBN goofed by asking it to open its books in a way that shows vengeance and envy.

Stabic IBTC is the only truly international bank in NigerIa. It is also the only investment bank.

With all the money Nigeria banks spend on International TV ads, they are very fragile.

All companies in Nigeria that do well are foreign owned.

Harassing them will not put them out of business. Rather, vice versa.

Perhaps, Nigeria should find out the parent company of Stanbic IBTC
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