Whatever a society consistently rewards will eventually become its culture. People naturally gravitate towards behaviours that are celebrated, tolerated and rewarded. If a society rewards excellence, discipline and integrity, those values will become part of its culture. But if it rewards corruption, mediocrity, dishonesty and criminality, those too will become deeply embedded in its social fabric. A societyβs culture is ultimately a reflection of what it chooses to reward and what it chooses to tolerate.
No one should expect progress in growing the power sector, reducing unemployment and raising Nigerians' real wages without first expunging the pervasive criminality and impunity in the society.
Vandalism of transformers and other key infrastructure, bypassing meters (aka power theft), establishments refusing to pay longstanding electricity debts, etc. are all rampant. And yet people are still hoping for stable electricity from utility companies?
Sorry. Can't have it both ways.
Your tweets focus on investments, capital markets, etc. So you know nothing large scale can be achieved without mobilization of adequate resources.
"Nigerians are hungry." Who will feed them? With which money? From where?
"Nigerians are homeless." Who will house them? With which money? From where?
People cry that government is spending a lot on convoys, VP house, yahcts, etc. Quantify those expenses. They pale in comparison to the volume of resources required to address the magnitude of challenges Nigeria faces. How much does FGN even earn, oil and taxes and all... There is absolutely zero chance the government can solve these problems on its own, no matter how prudent or efficent.
Populism and pandering to the masses won't change that. No president can fix this in eight years. There is no magic wand. There are only hard decisions and discipline, just like other countries have worked to build themselves up. It is sad our societal mindset lacks the seriousness required to increase productivity and stop living only for the moment.
What we need are regulations and systems that encourage both domestic and foreign investors to deploy their resources here. At scale. With assurances their capital will yield profitable results. That is what will move the needle.
This is not new. It's been said before. Nigerians will still vote based on sentiment and tribe and religion and several other irrelevant criteria. And they will refuse to hold their leaders accountable. And they will hope and pray for their own turn to come. And they will continue to condone sharp practices, stealing from employers, cutting corners, "I can't come and kill myself" mentality.
Common man is his own worst enemy.
It's a shame regulators are allowing this debacle to continue. Depriving investors of critical information since Q1 2026. A very unserious look.
Access H1 2026 result was similarly shamefully delayed for four months. When the results were finally published, it was revealed the board proposed no interim dividend. So why such a ridiculously long delay?
I hope 2027 will usher in tighter rules for reporting of financial statements, operations of registrars, and the several other infuriating aspects of being a retail investor on NGX.