Transcorps-Nigerians Fight Over Yes/No

Transcorps-Nigeria's No1 megacorporation has been a child of circumstance, controversial and dogged by rabid condemnation since its inception in 2006. As a firm beliver in the company, I have never ceased to keep on reserching on what people think about this investment opportunity window for Nigerians.

What I have been able to get will amaze you. Nigerians are yet to reach a consensus on whether to support it or not. While Nigerians at home feel it is an Obasanjo project, those in diaspora keep on staying confused about the conflicting reports from those living in Nigeria.

The story is about business, investment, personal finance, SME development, industrialization, financial freedom, positive attitude and in the words of the new Minister of communication-Prof. Dora Akunyili-Re-branding.

Some Nigerians are not happy that the company was formed at all. They believe it will fail. Others disagree vehemently accussing the pessimists of displaying 'bad belle'. For instance, in one of such discussion, a respondent have this to say 'thoe behind transcorps are successful business models in Nigeria. If you can't beat them, join them. We should stop saying bad things about those who do well among us'.

A lot of changes has taken place since the debut of transcorps but the coast is getting clearer by the day and the company concentrating on its mission.

As we try to dig out what Nigerians think about transcorps, we got Ashiwaju who expresses his views thus 'I have carefully studied transcorp and it is bound to fail. if Ndi Okereke can be made the chiarman of the transcorp, the same DG of NSE, the same woman who collided with Dangote and co to buy Terminal port of NPA. Then you must know that she is nothing but another instrument of obj to monitor Transcorp to suit his own personal desire, such as seeking funds and borrowing from Transcorp to run third term and dictate what happens in the economy.

We all should understand that for every good intention obj pretends to contribute to this economy has an Agenda, i mean hiding agenda. Transcorp is not the way neither is obj the way, its only going to cause more demoralization/unemployment like nwoke has said and it would make us live like slaves in our own country. I will urge reasonable nigerians presently living in Nigeria to make their Honest Contribution and not a naija from Abroad who reads and read and read

When it comes to Matters like this, you dont just feel or think, you need to pratically live it and see it and stop comparing how it happened in other countries. Its not about being pessimistic, its just the holy truth u know,

But others think differently. For example, an experienced insider who is a banker has this to say 'Very interesting comments here, from my little experience in the financial industry in Nigeria (I have worked with three banks in the last 5 years). I'll like to submit as follows:

1. That the idea of Transcorp is good for our economy. To create a world class, Nigerian company with a truly Nigerian brand as a major international player.
2. Check the list of the Directors- Dr. Ndi Okereke (Whether u like it or not, she has given Nigeria, a wonderful reputation abroad with her success at the NSE. Fola Adeola (This is one man that has given Nigeria, probably the best reputation in the banking industry-esp modern banking:Guarranty Trust Bank is probably the only bank in West Africa thats being studied as a model bank at the Harvard University. Tony Elumelu, this guy is probably the most aggresive banker in Nigeria-just see the way he took over UBA; UBA is now the largest bank in West Africa, its not a hype, 427 branches-No bank has beat that, atleast not 4 now. Odimegwu, ofcourse Guiness Nigeria is the most successful Guiness outlet in MEA (Middle-East, Europe and Africa) - Guiness is probably the highest profit-making company in Nigeria. Aliko Dangote is probably the most successful industrialist in Nigeria, no controversy! Ibru? Everybody knows that the Ibru group of companies is the largest group of company in Nigeria maybe after MA (Mike Adenuga group).
From the above, u 'll realise that from ab initio, this pple r already controlling our economy. What transcorp is only doing is to harness their synergies along with our 'excess crude oil' to give rise to a 'Mega monster' conglomerate of companies'.
The controversy is going to continue for quite some time until transcorps prove critics wrong through superlative performance. However, investment is still a risk to those who dare. The higher your risk, the greater your return. One of my mentors is wont to say that 'investment is a risk meant only for the rich'. I hope the 'poor' are listening?

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