Archive for nigeriang

Flying Eagles reach eighth Youth Championship final

Flying Eagles reach eighth Youth Championship final

Nigeria’s Flying Eagles are through to the final of the ongoing
African Youth Championship after a hard-fought 2-0 victory over the ‘Les
Aiglons’ of Mali at the Dobsonville Stadium, in Soweto yesterday.

Two-goal hero in the opening match against Ghana, Uche Nwofor,
put the Nigerians ahead in the 22nd minute of play before Stanley Okoro sealed
the win from the penalty spot in second-half stoppage time.

Nigerian coach John Obuh made no changes to the side which ran
out 2-0 winners over Gambia in Nigeria’s last Group B game.

And with the pitch at the Dobsonville Stadium looking much
better than it had previously been after a break from the incessant rains that
had plagued Johannesburg and rendered the surface almost unplayable. Both sides
began the game cautiously with the Nigerians more comfortable moving the ball
on the ground while the much taller Malians opted for aerial balls.

The tempo of the game, however, moved up a gear in the eighth
minute when Chidi Osuchukwu rose above his marker to head the ball towards goal
only to be denied by Malian goalkeeper Cheick Sy.

The Nigerians kept up the pressure and deservedly shot into the
lead in the 22nd minute through Nwofor who stabbed the ball into the back of
the net after the Malian goalkeeper failed to properly deal with Osuchukwu’s
cross.

It was the third goal of the tournament for the Enugu Rangers
forward and he joined South African player, Lucky Nguzana, on three goals to
top the scorers chart.

The Malians reacted by throwing more men forward and came close
to grabbing an equaliser three minutes after the restart but Adama Toure’s
shot, after the Nigerian defence failed to deal with a corner kick, came off
Danjuma Paul’s right upright.

But the greatest undoing of Diallo Sekou’s Malian side remained
their overdependence on long balls which the Nigerians easily dealt with
through well-laid offside traps by the backline marshalled by the duo of Gbenga
Arokoyo and Gani Ogungbe.

But with the half drawing to a close, Nwofor thought he had
increased Nigeria’s lead when he got on the end of Abdul Ajagun’s cross only to
see his goal bound header stopped from hitting the back of the net by an
incredible reflex save by Sy.

Nigerian grit

The Malians started the second half determined to pull level.
And five minutes into the half Adama Toure beat the Nigerian offside trap, but
goalkeeper Paul was quick off his line to deny the Malian forward.

A minute later Ogungbe was booked by referee Mario Bangoura for
a rash challenge. It was the second yellow card of the tournament for the
Gateway FC defender and ruled him out of Sunday’s final.

Around the hour mark, and against the run of play, Nigeria
almost went 2-0 up through Nwofor who somehow failed to get his head onto a
delightful cross by Ajagun with the goal at his mercy.

Then came a period of complete Malian domination but Paul was on
hand to save the day for the Flying Eagles. And even when the Nasarawa United
goalkeeper was beaten, as was the case in the 74th minute when Ibrahimma Diarra
latched onto a header, the post denied the Malians.

Shortly after the match referee indicated that there will be
five minutes added time, Olanrewaju Kayode was brought down in the Malian area.

The Guinean referee wasted little time in pointing to the spot
and Stanley Okoro, who had only been on the pitch for four minutes, calmly
slotted the ball into the net with Sy rooted to the spot.

The Flying Eagles will come up against Cameroon in the final
after the Young Pharaohs were defeated by Cameroon in the other semi-final
match on penalties.

It will be Nigeria’s eighth Africa Youth Championship final
appearance and they will be hoping to claim their sixth African title, while
the Cameroonians will be seeking a second title.

Both sides met earlier in the tournament with the Cameroonians running out
1-0 winners.

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Obuh targets historic World Cup win in Colombia

Obuh targets historic World Cup win in Colombia

Coach of Nigeria’s Flying Eagles, John Obuh has now set his
sights on achieving an unprecedented cup victory at the FIFA Under 20 World Cup
in Colombia following Thursday’s draws.

The Flying Eagles were pitched in Group D alongside Croatia,
Saudi Arabia and Guatemala in the tournament’s first round.

The Nigerians open their campaign on July 31 against Guatemala
before taking on Croatia on August 3. They will then wrap up their first round
group with a game against Saudi Arabia on August 6.

It will be Nigeria’s ninth appearance at the World Cup but their
best performances have been two second-place finishes at the 1989 tournament in
Saudi Arabia and the 2005 tournament in the Netherlands respectively.

Nigeria also finished third at the 1985 tournament in the old
Soviet Union but Obuh is out to do what the likes of Tunde Disu (1989) and
Samson Siasia (2005) could not achieve; and that is winning the U-20 World Cup.

“Our target is to make history for the country and ourselves. We
have ambitions,” said Obuh. “We have played two finals of this competition and
are yet to win it and so making history will now be to win it.”

Mixed reactions

On his reaction to the draw, Obuh seemed calm, especially as the
Flying Eagles could had found themselves in a tougher group.

“I wouldn’t say this is a tough or easy group. These days, I
don’t put a lot of importance on what group I find myself,” said Obuh who was in
charge of the Nigerian team to the 2009 U-17 World Cup.

He added: “This was after the Under-17 World Cup, where we were
supposed to be in the ‘group of death’. Also at the AYC, it was another
so-called ‘group of death’ that had Ghana and Cameroun.

“The best approach therefore is to face any team you come across
in any competition.”

He nevertheless insists his team will be focused on the
challenge awaiting them in Colombia.

“We still need to be focused on our group for the World Cup, put
in all we have got so as to go beyond this stage of the competition.”

Although Obuh knows next to nothing about most of his Group D
rivals, he does know a bit about the Saudis having played against them in a
recent friendly in the United Arab Emirates.

“We drew that game but we had everything going for us to win
it,” continued Obuh regarding the game which ended in a 1-1 draw.

“We outplayed them and now at least seven of the players who
played against them in Dubai are not here with us in South Africa for the AYC.
We have a better team now than we had in Dubai.

He added: “We will not underrate any of our opponents because there could be
surprises. Every game in our group will be like a cup final. We just have to be
prepared.”

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Nigeria begins WAFU Cup defence against Mali

Nigeria begins WAFU Cup defence against Mali

Nigeria’s Super Eagles will commence their defence of the WAFU
Cup of Nations with a game against the Eagles of Mali.

The draws ceremony on Thursday had the Super Eagles coming out
of the pot with the national teams of Niger and Liberia in Group A. Group B
consists of Senegal, Gambia, Togo and Ghana.

The ceremony took place under the supervision of the
secretary-general of the West Africa Football Union (WAFU), Aka Malan, in
Abeokuta and had in attendance football bigwigs, such as veteran Nigerian coach
Kashimawo Laloko and the sports commissioner of Ogun State, Bukola Olopade
amongst others.

The championship which will see eight countries competing for
the coveted trophy gets underway on May 5, 2011 at the 35,000 capacity Moshood
Abiola International Stadium, Abeokuta with the Nigerians taking on the
Malians.

It would be recalled that the WAFU Championship, which was
introduced in 1975, became moribund thereafter for nineteen years, but was
resuscitated by the Ogun State Government last year.

Nigeria won last year’s tournament after defeating Senegal in
the final.

In a related development, official draws of the 26th Edition of
the Eyadema Cup was also conducted yesterday with twelve clubs across West
Africa participating in the tournament scheduled to hold in Togo in December
2011.

The clubs include, Atletic De Coleah (Guinee), Horoya AC (Guinee), ASC Niary
Tally (Senegal), ASC Hlm (Senegal), Mighty Barrolle (Liberia), Watanga
(Liberia), Akonana FC d’ Arit (Niger), Dan Ka FC de Maradi (Niger), Aduana
Stars (Ghana), Kwara United (Nigeria) and Rangers International (Nigeria).

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Adefemi receives last respects

Adefemi receives last respects

The national stadium, Surulere was agog with fans and
well-wishers on Thursday as the body of the late Super Eagles and Skoda Xanthi
defender, Olubayo Adefemi was laid to rest.

On hand to pay their last respects were Super Eagles coach,
Samson Siasia; former Nigerian goalkeeper, Ike Shorunmu; Nigeria Football
Federation (NFF) technical director Chris Green, family members, journalists,
and fans.

The day, which began with a lying-in-state at the national
stadium saw representatives from the NFF, sportswriters and fans pouring
encomiums on the late Adefemi.

Speaking on the loss, Siasia exclaimed that it was sad to lose a
player that young, stating that a promising career had been cut short by fate.

For his part, Yomi Opakunle, a journalist described the defender
as somebody who was God-fearing.

“He did not speak two sentences without acknowledging God,”
Opakunle said. “He was so humble and respectful.”

From the stadium to the
grave

From the national stadium, all roads led to the Atan Cemetery
where a brief ceremony was held.

Speaking at the graveside, Adesanya Adewara of the Celestial
Church of Christ, while delivering a sermon, admonished the crowd to examine
their lives.

“There is time for everything and I tell you, one day, each and
every one of us is going to answer the call, but the only thing that would
speak for us is the impact we have had on people,” he said.

He added: “Though Adefemi’s life was short, it was a life well
spent because of what we have heard about him.” He thereafter enjoined his well
wishers not to forget him and the legacies he was trying to leave behind.

Teammates speak

Some of his teammates also expressed sorrow at his demise. Yinka
Adedeji, Adefemi’s long-time friend, who also played alongside the late player
in the Flying Eagles, as well as in the Olympic team, explained that Adefemi’s
demise would leave a gap in his heart.

“The extent of love, which we have for each other as a team and
as individuals is great and we are going to miss him,” he said.

“To me, Olubayo was more than a friend, he is a brother. We have
been very close; we are just like five and six.

“I have so many memories of him and one thing is that he would
be remembered forever. His memory would forever linger in my heart,” Adedeji
concluded.

Goalkeeper for the team that won silver in the U-20 World Cup in
2005, Ambrose Vanzekin, explained that it still unbelievable to him that his
former teammate is no more.

“For me, he is a brother, he is a friend and we have been
together in the national team for a long time,” said Vanzekin.

“The first time I heard about it, I could not believe my ears
because it was like a dream. I could not go to train that morning. The way I am
now, I have not been myself since I heard the news.

“I have not been able to play games; I told my coach that I was
not psychologically fit. He was a brother to us, we started the whole thing and
it is so sad when you see one of your numbers gone. I pray God would help his
family to be able to bear the loss.”

Vanzekin also spoke about the one recurring memory he has of the
late defender.

“Every time he scored a goal, he had a special way of
celebrating it. He would act like he was riding a boat and this is what I
continue to see when I think about him and that is one memory I would never
forget of him.”

Adefemi is survived by an aged mother, sisters, brother, nephews and nieces.

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United striker Berbatov fit to face Arsenal

United striker Berbatov fit to face Arsenal

Manchester United striker Dimitar Berbatov has recovered from a groin injury and will be fit for the Premier League leaders’ trip to Arsenal, manager Alex Ferguson said Friday.

Ferguson is planning to make changes for Sunday’s game at the Emirates and Wednesday’s Champions League semi-final second leg against Schalke 04 as he gears up for a potential title decider against Chelsea next weekend.

That could pave the way for Berbatov, the Premier League’s top scorer with 21 goals, to feature after often becoming a peripheral player with Mexican goal poacher Javier Hernandez preferred as a strike partner for Wayne Rooney.

“He’s trained all week … he’s available,” Ferguson told a news conference.

“I’ve got a strong squad, I can make a few changes if I want to Sunday, I can make changes Wednesday also.”

United, chasing a record 19th league title, were also boosted by news that midfielder Darren Fletcher has recovered from a virus that sidelined him for two months and could return against Schalke, where his team hold a 2-0 advantage in the tie.

“I’ll possibly include him in Wednesday’s game, maybe get 45 minutes out of him,” Ferguson said.

“He’s put the weight back on, he’s working hard in the gymnasium, he’s a great addition to the squad at this time of year having missed a couple of months.”

Six weeks ago, Sunday’s match looked like it would go a long way to deciding the title as Arsenal were three points behind United with a game in hand.

Since then, a series of draws stalled the London side’s campaign before last weekend’s 2-1 defeat by Bolton Wanderers marked the end of any realistic challenge, while Chelsea have launched a late bid to defend their title.

But by the time Chelsea visit Old Trafford next Sunday, United could be in a position to wrap up the title under the current champions’ noses.

With four matches to play, United lead the standings with 73 points, with second-placed Chelsea on 67 and Arsenal a further three points behind in third.

“I think that there is still drama ahead, the teams at the top will drop points, including Chelsea,” Ferguson said. “If we get to the last game needing to win (home game against Blackpool) to win the league I’ll be happy with that.”

REUTERS

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Siasia bids Olubayo farewell

Siasia bids Olubayo farewell

Super
Eagles coach, Samson Siasia could not hold back tears as he walked past
the casket of Adefemi Olubayo, who was yesterday buried at the Atan
Cemetery in Lagos.

Siasia, clad in all
black attire, just like the hundreds of football fans at the indoor
sports hall of the National Stadium; venue of the lying in state
ceremony for the former Super Eagles defender, was downcast and hardly
audible when he struggled to answer questions from journalists.

“He was my boy” he
said. “Olubayo was very close to me, he was very humble and also a
focused player, Nigeria will miss him greatly”

The Beijing
Olympics silver-winning coach said he will meet with other Super Eagles
players to fashion how they could best support the family of Adefemi,
who was the bread winner of his family before his tragic death in
Greece.

“As a team we
cannot force any of the players to do something special for the late
Olubayo Adefemi or to promise anything on their behalf, but we can
advise to that effect. What we will suggest and advise the players to
do, is to support the family of Adefemi in a way that it would have a
long, lasting and positive effect on his family,” said Siasia.

Siasia could best
be described as Olubayo’s mentor, nurturing him to stardom right from
the Africa Youth Championships in Benin Republic (2005) then to the
World Youth Championships (2005) in Holland and also to the Olympic
Football event in Beijing (2008).

Adefemi died on
April 18, 2011, in an automobile accident in Greece. Greek police said
the 25-year old defender, who played for Skoda Xanthi, lost control of
his car on the Egnatia motorway while driving from Xanthi to Salonika
in the Kavala region of the country. He was reportedly on his way to
Nigeria to finalise details of his wedding when the accident happened.

Already the Nigeria
Football Federation, through its technical director Chris Green, has
promised to immortalise Adefemi who was regarded has a patriotic
Nigerian.

“He is a shining example to other upcoming players; he puts in his
best each time he is called to serve his country on the pitch. We will
definitely immortalise him” he said.

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The online marketplace gets busy, but is it trustworthy?

The online marketplace gets busy, but is it trustworthy?

You’ve probably heard of the world’s
most popular classified site, Craigslist and UK’s Gumtree. Both sites offer
buyers and sellers an opportunity to engage in a free and open market.

With the success of these sites in
their respective countries and beyond, Nigerian entrepreneurs are keying into
the online classified market. Today there are probably more than 50
classified sites in Nigeria offering the same service, but with different
business models and technical functionality.

Some of the local classified sites
include Nairalist.com, Dealfish, Txtoweb.com, Chukslist.com, Gbogbo.com and WhoGoBuy.
Others are Kalahari, Flegz, Buyright, YesideFashionStore.com and Shopaholic. On the other hand, some other Nigerian sites offer online classified ad
listings in addition to their other products and services. Just like other
classified ads sites, they all have one thing in common: offer buyers and
sellers an opportunity to engage in a free and open market.

Some of these classified ads sites
were launched due to the success of the leading classified sites such as
Craigslist, Gumtree and Kijiji. Their success can be measured in terms of the
great value they provide to local businesses and individuals who wish to buy
and/or sell their items online from cars to phones.

In terms of revenue, we can say that
the online classified market has seen tremendous success. In 2007, reports
estimated Craigslist’s revenue at $150 million, with its sole source of
revenue from paid job ads in selected cities.

On the other hand, Craigslist has
witnessed a great deal of criticism, notable among which is an appeal in August
2007 by Atlanta’s Mayor, Shirley Franklin to take steps to avoid unwittingly
enabling child prostitution through its classified ads.

There have also been allegations by
several US states that the “Erotic services” ads on Craigslist were being used
for prostitution. On May 13, 2009, Craigslist announced that it will close the
‘Erotic services’ section, replacing it with an ‘adult services’ section where
the postings will be reviewed by Craigslist employees, while postings to the
new category cost $10 and can be renewed for $5.

In Nigeria, classified ads sites
have their own stories to tell. Some have packed up shop because of a lack of
the right business/marketing strategy and/or sustainable business models. Other
reasons have been due to a breach of trust from buyers and sellers as well as
third-party clients.

Others have had issues with using
the right programming languages and the right functionality, spam-resistance
and security features needed to sustain such sites. For example, WhoGoBuy
(launched in late 2005) built their site using ASP initially, then
migrated to ASP.net about a year later, and then moved over to PHP a few months
after.

In March 2010, the founder of Nairalist.com,
Seun Osewa asked some very interesting questions: Should Nairalist have
been packaged as a software product and not a new website? How many
Craigslist(s) can Nigeria (or the world) accommodate?

The Google Buzz topic generated a
lot of reactions which provided suggestions on how Nairalist can be improved.
One of the best suggestions was that Nairalist should be turned into a Facebook
application that allows people to put stuffs they want to sell and share it
with their friends and their friends can share it with their own friends too.

Despite these challenges, these
online classified sites still offer this service all for FREE, unlike some
Nigerian newspapers and WASEET, Nigeria’s first weekly classified ads
publication that charge a fee for posting classified ads.

Perhaps one of the biggest
challenges that the online marketplace faces is the issue of trust. According
to Fritz Ekwoge, founder of Kerawa.com, one of the leading
African classifieds site: “The Nigerian classifieds business is a business
of trust. And trust takes years.”

He also stated that when Craig
Newmark started Craigslist in 1995, it took him about five years to open in
another city. Being the first to market, he is benefiting from the fruits of
his labour. Ekwoge believes that the Nigerian classifieds market is growing and
will boom financially too as it has done in other developed countries.

But the question is: How trustworthy
can it get? Are there any trustworthy classified sites out there? Share your
experiences.

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Gold jumps 2% to set record high for third day

Gold jumps 2% to set record high for third day

Gold surged to a
record high on Friday for the third straight day, as investors kept up
a buying frenzy fuelled by the outlook for low U.S. interest rates that
has propelled bullion to its seventh consecutive weekly rise, its
longest winning streak since 2007.

Bullion jumped to
$1,569.30 an ounce as U.S. consumer spending rose for a ninth straight
month in March with inflation at its highest in nearly a year.

Platinum group metals also rose about 2 percent but silver fell 1 percent after soaring to record high in the previous session.

Option traders
reported strong buying of call options and call spreads, reflecting
bullish market expectations. A gauge of bullion market volatility also
spiked in response to a sharp price rally.

“What has been
driving gold is an abundance of liquidity of Fed policy that remains
exceedingly accommodative, which is going to work against the U.S.
dollar,” said Mark Luschini, chief investment strategist of
broker-dealer Janney Montgomery Scott, which manages $53 billion in
client assets.

“There is worry
that inflation, which is not a problem right now, could escalate to
become one. And once it does, it becomes very difficult to put the
genie back into the bottle,” he said.

The CBOE gold volatility index, which measures bullion investor anxiety, rose 6 percent to its highest level in five weeks.

Spot gold was last
up 1.8 percent at $1,563.30 an ounce by 5 p.m. EDT (2100 GMT), having
earlier hit an all-time high $1,569.30. The metal notched a 9 percent
monthly gain, its strongest since November. Bullion also posted its
seventh consecutive weekly rise, its longest winning streak since 2007.

U.S. June futures
settled up 1.7 percent at $1,556.40 an ounce, with trading volumes
about one-third below its 30-day average due to a public holiday in
London.

On the options
front, heavy buying of outright call options and bull call spreads of
June 2012 calls with strikes $1,800 and $2,000, said COMEX gold options
floor trader Jonathan Jossen.

Bull call spread is
an option play involving the buying of calls at one strike price while
selling them at a higher strike with the same expiration date.
Investors often expect prices to rise moderately with the strategy.

A slight drop in
the dollar also contributed to bullion’s gains. Earlier in the week,
expectations of further weakness in the dollar were the biggest drive
for gold and silver rallies to records.

Silver retreats from record

Silver retreated
from the record high it set Thursday, but was still by far the
best-performing commodity in April and so far in 2011. It posted a near
27 percent rise in April, its biggest monthly gain since April 1987.

Silver was last down 0.8 percent at $48.03 an ounce.

Silver gained 3
percent this week, although analysts say its robust performance against
the other precious metals may not be sustainable.

“If silver doesn’t
make a new high and sustain above that, it may go through a more
vicious correction here. So, gold in the short term could go down in
sympathy of that,” said James Dailey, portfolio manager of the TEAM
Asset Strategy Fund.

Speculators scaled
back their bullish bets in COMEX silver futures and options to the
lowest level since early February, even as prices neared the
psychological $50 an ounce, regulator data showed Friday.

The CME Group Inc,
parent of the Chicago Board of Trade, said on Thursday it would raise
maintenance margins for silver futures by 13.2 percent, its second time
this week, making it more expensive for silver speculators to trade in.

Reuters

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World leaders to discuss Africa’s development

World leaders to discuss Africa’s development

Some African and global leaders will be participating in the 21st World Economic Forum (WEF) in Cape Town, South Africa to chart a new course on Africa’s development.

The Forum, to be hosted by South Africa’s President, Jacob Zuma, between May 4 and 6, will feature more than 900 participants from over 60 countries, including Nigeria, deliberating on the theme: “From Vision to Action, Africa’s Next Chapter.”

Business leaders and government and civil society representatives would explore opportunities and risks facing the continent’s development, with primary focus on three thematic pillars: Shaping Africa’s Role in the New Reality; Fostering Africa’s New Champions of Growth; and Building Partnerships for Inclusive Development.

Apart from the formal launch of ‘The Africa Competitiveness Report’ by the World Bank to highlight the continent’s progress over the past year as well as identify major recommendations to African leaders and its international partners, participants will examine the region’s position in the new reality and identify opportunities to accelerate and sustain its transition to inclusive, investment-driven growth.

Others who have also confirmed their interest in the forum include, former Nigerian President, Olusegun Obasanjo; Faure Gnassingbé of Togo; Armando Emilio Guebuza (Mozambique); Jakaya Kikwete (Tanzania); Raila Amolo Odinga (Kenya); Ali Bongo Ondimba (Gabon) and Morgan Tsvangirai (Zimbabwe).

Those expected

Regional and international leaders expected to feature include former Secretary-General, United Nations, Kofi Annan; Deputy Prime Minister and Minister of Foreign Affairs of Ethiopia, Hailemariam Desalegn; Vice-President, Africa Region, World Bank, Obiageli Ezekwesili; President, African Development Bank (ADB), Donald Kaberuka, Central Bank of Nigeria (CBN) Governor, Sanusi Lamido Sanusi and Minister of Commerce and Industry of India, Anand Sharma.

“Africa is poised for take-off. Sub-Saharan Africa is already one of the top performing regions in the world. Having come through the economic global crisis with resilience, the international community is interested in its growth opportunities. The World Economic Forum on Africa will be an opportunity for key leaders from the region and beyond to discuss how this growing confidence in Africa’s potential can be translated into action and results,” Director, Head of Africa, WEF, Katherine Tweedie, said.

Seven young social activists from South Africa, Tanzania, Ethiopia, Kenya, Uganda, Switzerland, and the United Kingdom, under the aegis of the British Council’s Global Changemakers initiative are expected to join other in creating awareness among decision-makers’ on the key global agenda, to help spread best practices in youth-led development.

Global Changemakers is a network of young social entrepreneurs and community activists from 110 countries world-wide who come together to build their skills, share ideas, and work together on projects that directly impact the lives of those in their communities.

Managing Director, Nigeria Export-Import Bank, Robert Orya, said in Abuja at the weekend that the Nigerian contingent hopes to utilise the opportunity to build on the country’s rising investor rating on the heels of positive outcome of the recent elections by unleashing an aggressive drive for foreign investments in key sectors of the economy.

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FINANCIAL MATTERS: Redefining the public sector

FINANCIAL MATTERS: Redefining the public sector

Over the long
Easter weekend, I dwelt in the cusp of several dilemmas. There was the
undeniable challenge of the national political choice. But it was with
a lower order problem that I did the greater battle. Riven between, on
one hand, the modern day understanding of the role of the public sector
in an economy, and on the other, a vivid recollection of a
not-too-long-ago past, when all services were provided by the public
sector, I tried to imagine an agenda for the sector’s reform.

The first horn of
this particular dilemma is an argument in favour of a small state. Here
the private sector provides everything within a competitive market
economy. In this context, the state is allowed free rein only in those
areas where a natural monopoly exists, the positive externalities
arising from the provision are too vast to lure private providers, or a
market failure exists.

Otherwise, the
state is most efficient as a regulator of the market: ensuring free
entry and exit, and protecting consumers against price-fixing and
related collusive practices by industry.

The second horn
seemed nostalgic. Or, was it? Add the Tuesday break from work for the
governorship elections, and the whole Easter break was of five days
when electricity from the mains was noticeable by its absence. In the
teeth of the obvious incompetence of PHCN (the yet-to-be-privatised
public monopoly that provides electricity nationwide) it was kind of
difficult persuading my teen daughter that time was when NEPA (that’s
what the monopoly provider used to be called) announced power outages
days in advance; and when the light was turned off as announced and
turned on on cue. A lot less credible in the light of today’s
experiences, is the fact that it was our practice as teens to report
unannounced electricity outages to NEPA; and that having logged the
fault, the service operator would inform that a “fault vehicle” will be
“there” in 30 minutes. Invariably, the service vehicle arrived on
schedule. It was important, growing up, that we knew by heart the
number on the poles that brought light into our homes, and NEPA’s fault
complaints phone lines.

There was therefore
a time when the public sector “delivered”. Now, there may have been
issues with its balance sheet. In other words, the services we enjoyed
in those days may have been provided below the rate at which the market
would ordinarily have cleared the demand for and the supply of such
services (were these to have been left in the hands of private sector
providers). This difference between the rate at which the public sector
provided its services and the putative private sector rate (the
now-famous “subsidy”, which every public policy neophyte would want
removed in today’s thinking) was not without its uses. It would have
helped if all that time these costs were properly captured in the
national accounts and the choices we made happened because we’d
compared their implications for the budget with the intended gains.

Despite the current
narrative, the haemorrhage from such “subsidies” did not lead to the
subsequent incapacitation of the public sector as a service provider.
Indeed, the emergence of millionaire civil servants belies this
possibility. The services failed for less honourable reasons. The point
was reached where public investment in new capacity tailed off, even as
ill-focussed public policy choices drove a phenomenal growth in demand
for these services. As the debate in the US over how to keep public
spending within limits has shown, key parts of the services enjoyed
there is the result of public provision. To some extent, therefore, the
public sector is not as remiss as we want to depict it. Tony Blair,
writing on his tenure as prime minister of the UK, put it most
graphically: “The truth was that the whole distinction between public
and private sector was bogus at all points other than one: a service
you paid for; and one you got free. That point is obviously central –
it defines public service. But it doesn’t define how it is run, managed
and operated. In other words, that point is critical, but at all other
points, the same rules apply for public and private sector alike, and
those points matter enormously.”

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