MTN Group just released their 2014 results. For once I sincerely believe I’m sure I’m in the wrong business. First thing on Monday, I’m taking a flight to Abuja to get my own telecoms license. You think I’m wrong? How can those numbers be wrong?
Ok, time to face realities.
MTN Nigeria had a bumper time last year. Forget about the pessimistic outlook splashed out on the annual report. Making $2.6B profit in a year na beanz? I tried to calculate that in Naira but my calculator displayed this result “Are you on cheap weed?” If I got that from Mallams, I would have to bring along, or say, freight along N590,534,092,350. How many alabaru can carry that?
Don’t even start me up on all the things you could do with that amount of money. But let’s try some:
I could send SMS to all Nigerians, the whole 170M of us, 868 times. What would I even say to them? At 160 characters per SMS, I could send them a short book. Nigerian’s don’t read so by the time I’m done, I would be the biggest spammer in the world.
I could be magnanimous and get all Nigerians, still the whole 170M of us, 57 loaves of bread each. The bakers would be happy. But after the second loaf, everyone won’t be having that much fun.
Or maybe I could just buy phones? I could get 3,192,076 lucky guys iPhone 6. But trust me, we may get more! With that many number of phones, Jumia would be stupid not to cut a deal.
Let me do something more constructive though, let’s get everyone a home. Going by the going rate of new homes in my estate, I could buy terrace duplexes for 13, 122 families. With that many homes, we may simply start a new town. Yellow Town? It may be a cute name but a nightmare for interior decorators if we had to paint houses that color.
The traffic on Lekki Road is now so terrible so I’m actually more inclined to use the money for an alternative route from VI to God knows where. I would enjoy the sparring that Julius Berger, Hitech and PW Nigeria would have in my office but trust me, I won’t get less than 200KM of 10 lane NaijaBahn between Ahmadu Bello Way and beyond Epe. I could get to the office in 15 minutes. Wait, with that type of money, do I ever need to work again? I may just charter a Falcon 2000 and fly for 23 years non-stop.
Most people think that the Lekki-Ikoyi bridge had a lot of “pork” but let’s imagine that’s the real price, I may simply build 20 of such bridges. Ha ha ha, the folks in Ikoyi with their upturned noses would have to contend with Obalende and Ikate area boys who will then have more bridges to cross than ever.
We may really build 10 fourth mainland bridges and just move on.
You know the sad reality, we lose twice more than that every years to oil thieves. Today, bunkerers steal at least 400,000 barrels of oil today. Say they sell them at $30 per barrel, that’s some $4.3B going to someone in Nigeria today and not a simple SMS, bread, phones, cars, roads, bridges, for his community. Some people will simply roast in the toastier parts of hell!