

'DeRemi Atanda
3.2K posts

@DeRemi
Strategy | Tech | Payments | Patriot



ATTENTION!!! Dear @icpcnigeria We tracked the Construction of a Modern Motor Park at Uzea, Esan North East LGA, Edo State, a project facilitated by Hon. Prince Odi Okojie(@princeokojie16). It was budgeted at ₦25 million, domiciled under the Federal Ministry of Education, and executed by the National Institute for Construction Technology, Uromi. What we found on the ground is disappointing and deeply troubling. The project was poorly implemented. Despite the significant budget, the structure lacks landscaping, has visible construction flaws, and does not reflect quality work. This raises serious concerns about value for money. The execution does not meet the standard expected for a project of this nature and cost. Even more alarming is the choice of implementing agency. Why is a motor park project being executed by an educational institution under the Federal Ministry of Education? This shows a fundamental problem: projects are often assigned to agencies without the appropriate mandate or technical capacity, leading to substandard outcomes and wasted funds. The cost itself raises red flags. How does a poorly constructed motor park consume ₦25 million? Overpricing in public projects continues to be a major obstacle to development. Contractors benefit excessively while communities are left with half-done, unusable infrastructure. We must do better. Government projects should be assigned to competent agencies with relevant expertise. Until we address the root causes of misallocation and inflated contracts, communities like Uzea will keep bearing the brunt of poor governance and failed service delivery. #GetInvolved @NigEducation













If you read AO Lawal’s Economics textbook for secondary school students, you would not have seen “Knowledge” as a factor of production. It was not that Mr Lawal did not get the memo, what happened was that when he wrote his books, knowledge had not assumed a huge positioning in the market system. Fast-forward to this era, we are not just discussing knowledge within the context of factors of production, but as an economic anchor of itself; yes, knowledge-based economies where knowledge is supreme among all the other factors of production like land, capital, entrepreneur and workers. Fascinatingly, knowledge drives national competitiveness at scale. So, when Nigeria wanted to monetize “Knowledge” via the Expatriate Employment Levy, not via its application, but its transaction, I noted that it was a bad policy. Good enough, the government has flipped and muted that policy: “The Federal Government of Nigeria has opted to suspend the implementation of the Expatriate Employment Levy (EEL) following intense deliberations with key stakeholders…EEL is a mandatory annual levy targeting organizations employing expatriate workers. Under this new regulation, companies are required to pay $15,000 for directors and $10,000 for other expatriate employees.” Sure, I get it: you want to protect local jobs and also make money from these expatriates. But what happens if the companies cannot even afford them, considering that you are already taxing whatever they’re coming to do in Nigeria? I have argued here that Nigeria needs more knowledge and technology transfer, and we must invest efforts to make that happen. How would that happen? More Google Design Centers and Microsoft Labs instead of sales offices in Nigeria. If we decide to tax those knowledge workers, and not just their outputs, many of these firms will not make Nigeria a destination for its best. So, we must NOT just suspend EEL, we need to discard it. tekedia.com/nigeria-suspen…


