[b][/b]The major cause of Nigeria economic woes is lack of a concrete foundation under which the structure of the nation's economic system is built. In order not to make the building fall, standard pillars that can hold the wall should be formed. This will aid the weak foundation that was formed. There should be transparent economic policy which will diversify the economic system through exploitation of our great human and natural resources to create business opportunities which will boost revenue generation. And also promote local and foreign Investment in the country. From my opinion, three pillars that can tackle the current economic problem and revive the economic system of this country are: 1. Innovation 2. Diversified Production 3. Infrastructure These pillars are suggested due to their potentials base on human and natural resources to harness the economic development of this country. In this century, there is need for any developing economy to focus on innovation. The youths form the largest of the age compositions in the nation. Investing human capital which involved the use of human ideas,talents and skills to initiate a strong economic strategy that can tackle the present situation and move the nation forward. At this junction it is pressing and important for the present administration to support and encourage investment in human ideas that will create job opportunities and self-improvement. Loans should be provided to encourage innovation. These loans could be provided through government social intervention programme to local traders,business women and small business enterprises. These loans will boost local production, I suggest loans should be directed to small scale businesses that are easy to establish. Supporting and providing these small scale businesses with necessary aid thereby boosting the local market which is the root of our economic foundation. There should be check measures in place to ensure that these loans get to those who really need them. Secondly, my proposition is that the production base of the nation should be diversified. The nation should grow or develop from being a mono-cultured economy (depending on one sector) to a diversified economy. The easiest and productive sector that can also drive the economy is Agriculture. Since there are vast fertile but uncultivated lands, government should therefore create awareness for greater participation in agricultural production. Government should ensure acquisition of not less than 1000 acres of land and make it available at affordable prices for farming activities. Grants and incentives should also be provided for farmers or youths interested in farming. I believe by doing this government will reduce the rush for white collar jobs, thereby creating employment opportunities. Feed its teeming population and not only that but also boost its export capacity thereby create another source of revenue generation. The third pillar which is Infrastructure which deals with projects that will make livelihood easy for members of the nation. Weak infrastructure has been one of the major problems facing the nation. This has resulted many firms moving away from the nation, lay off workers and add to the woes of the nation. The state of road, electricity and basic amenities have continue to increase cost of production over time. When cost of production is too high, it will difficult for such firm to realise profit. Small scale businesses are not left out from victims of this problem, setting up a small-scale business with consideration of weak infrastructure is a big problem. It is therefore important for the government to build only structures that can aid production or encourage local and foreign Investment. Infrastructures such as ; Roads, Market, Electricity, Water supply, Schools, Housing estates, Establishment of functioning hospitals and maintenance of existing ones. Focusing on these three suggestions ( Innovation, Diversified and Infrastructure ) will not only solve the current recession problem but provide lasting solution.

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