Have you noticed the practice of certain expatriates in Nigeria? They come to work in Nigeria, and bring along their cooks, gardeners, and in the worst case I discovered recently - barber. I mean, how can you 'import' your barber from India? Why? No Nigerian barber is good enough?
Salisu Suleiman has put together an excellent article on this topic:
"MTN is a major investor in Nigeria, but apart from the ‘savage survivalism’ of selling recharge cards, how many real jobs has it created, and at what cost in terms of capital flight? Is MTN listed on the Nigerian Stock Exchange? Most Foreign Direct Investment (FDI) in Nigeria goes to the oil sector. How many Nigerians are employed in the petroleum industry and how much real value has it added to the Nigerian economy?
Who regulates the activities of foreign investors? A cursory look clearly shows that many so-called foreign investors are taking advantage of lax regulators to carry out practices they cannot dare attempt elsewhere. A few examples would illustrate this point."
Read the complete article here.
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