"To avert this colossal loss on investment in machines, raw materials and finances"
It has to be possible to include a clause to "never destroy value" in Nigeria's constitution. Or some law to provide grounds for businesses to take govt. departments, agencies, and parastatals to court on destruction of value. Customs does this, the police do it, NAFDAC is also doing it. Heck, the executive arm of the FG did it on subsidy removal.
Can government borrow the sense for once to phase out things they consider negative externalities rather than outright ban? God when?!🤲
Especially on things that are not illegal in the first place. It's different for outrightly illegal economic activities. But for the legal ones, why are we so crude with little regard for value? Give people time to shift their resources to the new and acceptable mode of operations or business activity. Policy must not set out to ruin people and destroy value it took years to create. People can't create surplus when they can't build on existing infrastructure and always have to start from the scratch.
Government agencies should disabuse themselves of this notion of the grander the destruction, the harder we're working. Who exactly is this signal for and to what end?
"To avert this colossal loss on investment in machines, raw materials and finances"
It has to be possible to include a clause to "never destroy value" in Nigeria's constitution. Or some law to provide grounds for businesses to take govt. departments, agencies, and parastatals to court on destruction of value. Customs does this, the police do it, NAFDAC is also doing it. Heck, the executive arm of the FG did it on subsidy removal.
Can government borrow the sense for once to phase out things they consider negative externalities rather than outright ban? God when?!🤲
Especially on things that are not illegal in the first place. It's different for outrightly illegal economic activities. But for the legal ones, why are we so crude with little regard for value? Give people time to shift their resources to the new and acceptable mode of operations or business activity. Policy must not set out to ruin people and destroy value it took years to create. People can't create surplus when they can't build on existing infrastructure and always have to start from the scratch.
Government agencies should disabuse themselves of this notion of the grander the destruction, the harder we're working. Who exactly is this signal for and to what end?