S5 Ep. 285 Strong Nations Grow When Individuals Take Responsibility

SPEAKER_00: Hi, good morning, good afternoon, good evening, good everything. Wherever you are, this very instant on the surface of the earth, listening to me and seeing me. Mm-hmm. Super excited. I am, sincerely, I am. Um it gives me this freedom. Yep. Whenever I come into this space, because it's like I'm about to leave. It's not as if I'm dead, but I'm about to give something, I'm about to share, I'm about to uh reach out to you. Yes, you sitting out there. How are you doing? Super excited, I must tell you. What are we going to be doing today? Recently, I wrote a piece once, and the the the topic of what I talked about was the man, the state, or man and state, what comes first? You know the egg and chicken theory. You ask yourself this question: egg and chicken, what comes first? Is it the chicken or the egg, or is it the egg before the chicken? But you will agree with me, the relationship between the egg and the chicken brings about so many things. Yep, and that analogy has been with us forever. The United States of America is one place that a good number of us want to, we aspire to go to the US. We want to go to the US and all that. If you ask me, why do you want to go to the US? It's a land of dreams where dreams come alive. But if you really see that and you look at America, the spirit of America, if I want to use that word, you would see America that we know today is as a result of people, individuals who took on themselves the responsibility to grow. Like J.F. Kennedy will say, do not think of what America can do for you, but what you can do for America. That's that speech during his uh election period shot him so high there. What you can do for America, not what America can do for you. So, more or less giving you that responsibility. And that's one thing about the US people, individuals owning it and they grow with it. When I was processing this thought, you know, brooding over it, and I ran into a piece written by Professor Ndubisi Kekwe. He's been on the show before, a brilliant mind. I love reading his pieces, and each time I read it or I read them, I always take it with something, honestly. And I'm going to read that, then we'll go in and out of the conversation and all of that. So, in the narrative of Africa's development, there is a structural invasion. I love the way he puts it. We must accept private companies. There is a structural invasion we must accept. What's that? Private companies will lead the charge before public institutions become truly capable. To hope that the public institutions must be perfect before private enterprises can flourish is to misunderstand how nations have historically evolved. You get that? Let's go. Example, Rockefeller invented the US oil sector. Yes, that's the truth. John D. Rockefeller, he invented the US oil sector before the government came to the, you know, came to regulate it. If you read about it, we've talked about it here on the show before uh the Seven Sisters and all of that. It was something that Rockefeller built, but the way it was growing, it was becoming monstrous in nature. So the government had to come into it. Vanderbilt was writing the script on the railways as the government followed, and Carnegie seated still making well, sorry, and Carnegie seated still making well beyond the understanding of the bureaucrats. You can see the same in finance in the age of JP Morgan. Yeah. In Nigeria, moving entrepreneurs created living in bondage before the government put out any regulation for Hollywood. Sorry, I beg your pardon, Nollywood. For those of us who follow Nollywood very well, you know the movie Living in Bondage. Andy, you know the other. Let me not go there. Way back. Okay, simply when you look back at some economies, whether in Europe, North America, or East Asia, you will discover that robust private firms often preceded the full maturation of efficient public institutions. Why? Because governments rely on tax revenue, investment, and economic vibrancy to build functional institutions. Without thriving companies generating value, there is no fear for institutional evolution. This was why, okay, he's saying now. This was why my concern in a piece in Harvard, where I noted that Africa was urbanizing before industrialization, flipping centuries old script that you industrialize and then urbanize. Did you get that? As Lagos, both Hackett and Onicha urbanize, the industries are even fading, triggering massive loss of social welfare. So we cannot demand flawless everything before we build. And the logic is simple. The success of private firms create the resources and moral force with which states can upgrade institutions. Yes, governments are resource constrained. They cannot fix everything at once. In truth, public institutions offer language because there isn't a thriving private sector to pay the piper. In Nigeria, for instance, many critics say we must solve power, roads, or corruption before investing. Well, but who pays for those fixes? Of course, many think Nigeria has a big purse. Our national budget is about the size of the healthcare budget of South Africa. Did you hear that? Which spends close to 100 billion more in the national budget, even though it has about 30% of our population. Yes, I get it. How efficient are we with the little we have? That said, institutions matter. Yes, without them, firms face headwinds. But there is no global case where first they built perfect public institutions and then prosperous firms sprouted. Rather, industrious private sectors often spring, even amid institutional weakness, and provide the very impetus for institutional reform. Largely, he's now saying, my point is that public institutions are unimportant. Rather, their maturation is downstream of private sector dynamism. Simply, you must build and thrive to form the stronger and efficient governments you expect. So basically, this is a thought that I mean, I stayed with it for a while. Building the man. You know, a wise man once said, In vain do you build a city if you do not first build the man. I know I've said it before on this show, the man, the man. If you do not first build the man, in vain the city structures and everything will collapse at the end of the day. So even as a people, even as a nation, we're going through a phase. Nigeria just turned 65. Yeah. Half a century is gone for us in our existence as a collective, as an entity. So the question you ask yourself now is how do we uphold this development? People, a capacity, individuals. Just like we read, you know, from the piece, you look at the United States of America. I I don't know if I've mentioned it here before, but I know I had this conversation with my wife once, and I always do. Guys, before I come on this on the set, most of the things you see me share with you, my wife is the first person to listen to it. She's the first person to, you know, appreciate and maybe criticize in terms of all this or this or that, and all of that. You look at the food business in America, for example, you can't go without noticing and heinz, I beg your pardon. The heinz, the hospitality business in America, the Hilton, that's it. That's it. You see, so that's it's what we are supposed to encourage, we are supposed to uh embrace as a nation, building capacity, our individual capacity that comes together to form a collective and push our nation forward. So, guys, uh, don't throw the bathwater with the baby all away. A lot has been happening, I know, but you can't throw the bathwater at the baby all away. It's for us to sit down and uh ask ourselves some very important questions as a nation, as the people, even as we build our future, you know, even as we build the collective future as a people, truly, truly, we have to, we have to, and uh this is my little contribution, yes, to this body of thought, to this body of work as a nation, as a people, we must evolve. How do we evolve? Encourage individuals, build capacity because as you grow, the state grows. If the state is not growing, likely you're not growing. The growth of the state is a function of our individual growth, uh-huh, as a people, as a nation, and we must see that and hold ourselves accountable. Because if you look at those prosperous nations and all of them, they held themselves, themselves in this case, individuals who are breaking ground, coming up with ideas, changing the landscape of their country, they held themselves to high, high standards of practice that we all now want to subscribe to accounting practices, human resource practices, or I mean the energy sector practices and all that, what we now call the corporate governance. But first of all, in vain do you build a city without first building the man. I have to say this before I sign off. For those who are in that space, as in oil and gas, manufacturing, uh what do you call production? Name it. Reach out and help the smaller ones, let them also grow. Let it not be the crab mentality thing. There's this thing my wife told me once. She said, it's easier in a family when all of us are comfortable, it reduces pressure. But if only one person is, there's a limit to what that person can do. So, this is what we came to do on the show today. Yes, go ahead, don't give up. Your enlightenment, your betterment, your flourishing will eventually affect your environment. That's the total sum gain, if you want to call it that. That is it. So don't give up. All right then. Yes, before I go, we are available on all. I keep saying all, some, not all, the predominant ones, anyway. Facebook, uh, Instagram, X. We have a YouTube channel. Yeah, please follow us. We are also on Spotify. I keep forgetting that you can you know look us up, Spotify, download, and listen to uh this amazing conversations. And please, please, please, please, please go ahead and share. Yes, like, leave a comment, then most importantly, share because the more you share, the more we uh multiply this effect, and it becomes that collective that cannot be resisted. All right, then thank you. It gives me great joy knowing that you're always there listening until I come your way again. My name is Amakri. Amakri is away. unknown: Bye for now.