Yes, the current administration is statist, but what we are witnessing here is state capture. It's a system where powerful private interests collude with politicians to influence policy. The aim is to destroy the competition. Let's call it the Gupta playbook
Aided by some of the biggest consultancies, this is the new play in Nigeria. Pay close attention to Agriculture, Media, Transport and Logistics, and Tech. Your faves are undermining this economy aided by their corrupt political allies.
One of my most important work is lobbying to get the NFIU Act passed. A major eye opener. Nigeria was suspended by the Egmont Group because folks at the anti-graft agency weaponized financial intelligence. Some companies 'used' the Commission to freeze competitors transactions.
The act that secured the NFIU was quite important to our client. Although they weren't the only beneficiaries, it was a great political strategy that reduced their risks and saved Nigeria's financial sector.
Bottomline is that every business that can afford a good monthly PR spend, should invest in policy/politics, government, and regulatory affairs. You can also refer to this @Gatefieldco article for some tips. http://gatefield.co/government-regulations-engage/
BTW, one thing I fail at doing all the time is explaining my work @Gatefieldco, but here's one way I can help your organization. We are trusted to do this in on the continent by one of the biggest companies in the world. Please RT. My next employer might be on the TL.
You can follow @eadewunmi.
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