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Why Nigeria Needs to Protect Its Own: A Radical Plan for Our Future - Politics - Nairaland

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Why Nigeria Needs to Protect Its Own: A Radical Plan for Our Future by Wayan1: 1:10pm On Aug 04
The failure of successive governments in Nigeria has made me no longer aggressively criticize government policies and programs. Jonathan was bad, Buhari was worse, and Tinubu is the worst. I'm afraid we'll have to create a new word to describe the uselessness of the next administration, regardless of who or where the person is from. I must be frank: the Bretton Wood merchants are the most slippery, cunny and wicked people on the face of the planet. They sponsor academia to propound theories taught in Ivy League universities. We send our best minds to these universities to learn about theories that keep us in perpetual subterfuge. You wonder why our finest brains like Adewumi Adesina, Ngozi Okonjo-Iweala, Sanusi Lamido Sanusi, and others are proponents of subsidy removal and flexible exchange rate system? There's no developed economy in the world today that does not operate a subsidy system.

In the US, there are agricultural subsidies in the form of direct payments to the farmers and crop insurance. They have fossil fuel subsidies. In the UK, there are BPS and RHI subsidies. China even has export subsidies. But in Africa, they tell us subsidies do not encourage economic growth, hinders FDI, and make citizens lazy.

They sold globalization to us, killed our local economy through it, and now that globalization is not favouring their dealings with Asian countries like China and India, they're turning to protectionism. Nigeria and by extension, Africa must learn to start protecting her own. Impose 1000% VAT on imported electronics to encourage local patronage. For the next ten years, no car should be imported to Nigeria except tractors for farming purposes and military-required vehicles. Close borders to all imported foods; let us die if we cannot produce what we eat. No clothing materials should be imported; we have cotton in abundance to make different quality denim products. Recruit 10 million youths into the military on a 5-year contract to flush out the remnants of Boko Haram in our bushes. Then, use the sixth year to teach them a trade or craft. After they complete the contract, give each of them 10 million Naira in the form of goods, machines, and logistics to start a life. We are in dire times; we must be innovative and radical in our approach.
Re: Why Nigeria Needs to Protect Its Own: A Radical Plan for Our Future by Wayan1: 1:14pm On Aug 04
Cc: Fergie001

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