10 sectors in which Nigeria should be looking for cheap companies hit by Covid-19 to buy and then privatise with the government holding a stake of no more than 25%

Ayo Akinfe

(1) Airlines
(2) Steel plants
(3) Food processing plants
(4) Machine tool manufacturers
(5) Car assembly plants
(6) Railway carriage manufacturing
(7) Aircraft manufacturers
(8) Shipbuilding firms
(9) Mobile/laptop/iPad manufacturers
(10) Fashion labels

Just imagine the expertise that we will get by buying such companies. With their management staff, we will get technical know-how, discipline and global marketing expertise.

Our private sector should be encouraged to take up stakes in these companies so we produce a raft of experts who are equipped to take on the global market. Imagine how many jobs this will create in Nigeria and how much it will generate in revenue.

With the crude oil era over, we have to focus our attention elsewhere. This is a chance in a lifetime as multinational companies are available on the cheap like never before.

We may never get this opportunity again for the next 100 years. Nigeria should set aside a sum of $50bn to make these purchases