₦airaland Forum

Puntingnoob:
@eejo

Currently reading this

Why nations fail.

eejo:
Congratulations to Sandralight please send your account number

eejo:
Congratulations to Sandralight please send your account number

eejo:
Congratulations to Sandralight please send your account number

Sandralight:
I can't believe I won

Thank you so much Sir Thank you

Peterzoom20:
Congrats.

amazingspiderma:
There is nothing special about the Nigerian economy.
Bad policy anywhere will yield poor economy.
Good policy can also yield bad results if not properly implemented.

An economy that does not promote human capital development is bound to fail.

The baton of development is sustainable only if we train our people to be productive and creative, without which they will lavish the inheritance of their future children.

A man who refuse to train his children will end up with people who have negative effect on his wealth.
They will spend all his inheritance and then result to borrowing to maintain their lavished life style.

Whoever is asking this question, I know you are place highly in Nigeria.

Please get the right people in place regardless of tribe or religion.

Share with your vision and let them help you tune it with the current reality on ground.

We can build 10 factories in one year or in 10
years. It depends on planning within the available resources and it immediate and long term impact on Nigerians.

In construction, no building can grow faster than the concrete casted.Hence one cannot build on wet concrete.

Subsidy removal was important, but sudden removal was no ideal. The shock and financial implications to citizens was like asking a patient recovering from stroke to commence push up.

The vision must be broken down to do able steps for the people.
One must learn how to stand before walking.

Secondly the kind of politics over the past decade has been that of division in a multicultural and multi religious politics where dominance of people from different culture and religion is the order of the day.
Nigeria has been poorly managed based on instincts, sentiment, affiliation to group of person and access to few.
In Lagos people were asked not to vote or protest. I fear this trend might continue even when a more inclusive government comes in. Bad habits dies hard. If such reckless utterances are propagated by those in power then there policies in position will be nothing but a reflection of those values. If Nigeria belongs to everyone, then we have to proclaim it and live up to it testament.
People are saving money no longer to invest in Nigeria, but to leave the country.
Millions that would have been invested in the economy are channeled for traveling and escaping the country. An average Nigeria who leaves the country pays 5 million to external countries, agencies, aviation companies and future personal income taxes that is not including brain drain problem.

Feed is no longer affordable because we have refused to handle the current herders migration farmer crisis properly. Call a shovel a spade will not help anyone. People need food, they need it to be affordable. Tolerating the on going issue will only create more Internally Displaced Persons in the nation. People should not starve, we are not at war.

Lastly, what is the benefit of been a Nigerian.

eejo:
How did Nigeria economy growing at 11 percent in 2010 fell to 3.1 percent in 2024. In addition, debt to GDP ratio of 9.6 percent in 2010 but 49.5percent in 2024. Winner announce on 9th August 2024

Tk4all:
The answer to this question is lack/inadequate investment in human development and weak institutions

All over the world, societies are developed and stable through intensive investment in human development, all prosperous are built on ideas , this ideas will not materialize until full attention is giving to them. Here in Nigeria, good ideas are neglected by the government and those concerned for political gains or greed. For example, I you present an idea to government or individual concerned they will not listen or look into it unless it is something that can give them immediate gain. Sometimes, they will not care to to look or access your idea. For Nigeria to come out of this mess, we must collectively develope useful ideas which are productive and useful for the overall wellbeing of our society. C'mon Nigerians are known to be intelligent all over the world in almost every field.

Then the issue of weak institutions can hinder this development, no wonder our GDP is in a mess and getting messier, if our institutions are strong, there will be minimal level of corruption, let me chip in here that our problem is not corruption cos corruption is present in every society, it is the strong institutions that checkmate it and keep it low. For example if say our judiciary is working well and not cash and carry, every individual will think twice before doing or saying anything, but so far, everything goes.


In summary, I will liken the situation to placing a big jar on the ground, our government is supposed to be filling it, that is investing in human development, the content in the jar will now be our GDP, so the more the government or individuals concerned are filling it, the more the content(GDP) in the jar looks healthy, our institutions will be holes under the jar, so the more the holes are closed and tight, the more the content in the jar remains, while things like corruption will stand by the side, the level of leakage from the jar will then determine how much vices like corruption and insecurity etc will get the content from the jar.

In conclusion, the major reason for the economic Crisis is lack or inadequate investment in human development, while weak institutions are responsible for making the problem worse

Tk4all:
Abba09 how far?

See as you miss better money.

Sandralight:
I can't believe I won

Thank you so much Sir Thank you

Kuda bank
2064354307
Rukevwe

Gtb 01 2224 2718

Sandralight:
I can't believe I won
Thank you so much Sir Thank you
Kuda bank 2064354307 Rukevwe

Sandralight:
I can't believe I won

Thank you so much Sir Thank you

Kuda bank
2064354307
Rukevwe

eejo:
check your account

eejo:
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