Let us recap from my last post. We were examining how unlisted non-Nigerian businesses thrive for decades in our country while their Nigerian counterparts, which began operations at the same period, are long forgotten or remain runts with lack-luster performance. A friend who read the last post called me and said I trivialized it with the examples I gave. He then began his own catalogue of comparisons I should have used: DSTV and HiTV; Sumal Foods Ltd and Okin Biscuit Ltd; Dana Air and Air Nigeria etc. It must be said that each of the moribund companies have their peculiarities for closing down and would require a thorough investigation to unearth them.
One of the factors I believe to be responsible for the abiku syndrome is how early entrepreneurs lose their hunger for more.