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thisdaylive.com/index.php/2016… Tax Evasion thru transfer pricing recorded its peak during Pdp years. Transfer pricing occurs when multinationals establish subsidiaries & use them to transfer profits from locations of operation to low tax jurisdictions. Denying host countries due tax.
saharareporters.com/2015/10/26/how…. Is an example of transfer pricing. Global trade has created mechanisms promoting predatory profiteering, widening economic|social|opportunity inequalities & sowing conflicts. France is presently embroiled in a 12th wknd of street protests rooted in these.
huffingtonpost.com/joseph-e-stigl…. Multinationals have rigged Trade Agreements allowing them profit & exploiting countries with weak governance structures even when they’re part of a dispute that stalls a projects progression. It’s a known corporate trick advancing predatory profiteering.
economicconfidential.com/2019/02/london…. Is a classic example of how multinationals under the guise of investment, commit countries with weak institutions into agreements they(perhaps) intend to renege, seek Arbitration in their Courts & profit hugely from the scare resources of other countries.
oxfam.org/en/pressroom/p…. Global Trade anchored on economic liberalisation has been rigged by profiteers. Rules of market forces written in the 70s have failed to improve the lives of millions. It only enriched a few. It widened social inequalities at the roots of social conflict.
@atiku told Nigerians he sold Alscon built at $3B for $150M & that it was a mistake. He failed to mention that the sale profited some & destituted employees & dependants. D created economic & opportunity inequalities as the sacked workers & dependants suffered economic exclusion.
Peter Obi told Nigerians he invested State funds in a company his father owned. Failing to mention that his family profited from d investment at expense of state development. Anambarains were denied tangible developments bcz it’s Gov diverted state funds for private investment.
These are how social|economic|opportunity inequalities are sowed. @atiku & Obi are evidentially predatory profiteers. Their economic agenda fine print exposes a return of predatory profiteering. Privatising NNPC even when there’s a PIGB being legislatively considered to unbundle
NNPC into 4 specialised companies exposes Atiku’s pursuit of profiteering. @atiku doesn’t have credibility from past privatisations to be Trusted with privatising NNPC. As Chair of Priv Council, Atiku’s sale of NITEL. Sugar Councils. Alscon are reference points.
Their common denominator is that some Profited. Others Lost. Nigeria has been struggling to reverse d social & economic effects of those rigged transactions. Nothing in @atiku Agenda shows he’s embraced a fresh economic paradigm. Nigeria cannot grow when policy makers rig policy
To profit a fraction of society whilst the remainder are socially & economically excluded. The basic tenant of democracy is: ALL shall be Involved in Progress! This under-pins the economic policy thrust of @MBuhari & @ProfOsinbajo. It Must be sustained to the #NextLevel.
Countries develop better & attain inclusive economic growth when its leaders impl policies targeting social inclusion. Sum total of the @MBuhari Economic polices are about Inclusion for All Nigerians; in-line with the democratic tenets of All being Included in Progress.
