₦airaland Forum

It is Crystal clear even to the blind that the government is confused in all strata of governance,as they keep churning out anti people policies.
let suggest, just two policies that will ginger up the economy,those in authority may see this and make amend.
Your take please

Constant power

LawLab247:
Constant power

Yes, that is a critical sector in the economy,it oils the wheel of economic development.
please add another one.

Human capacity building.

donbachi:
Human capacity building.

In what area of human capital development, you have to narrow it down, because Nigeria have the largest human capital in the world,we even export manpower to other countries.

1. POWER.
the only viable way to solve the power problem in Nigeria is for the government to totally unbundle the TCN in a privatization exercise just like they did with GSM and NITEL. businesses, individuals and state governments should be able to generate and sell power to their citizens while transmitting a % of it to the FG grid to maintain FGs business of selling power to other neighboring countries. In so doing competition will drive down costs and improve services while the TCN can be a monitoring body like NCC.
But will greed let them do it? The only people who enjoys this economy is the FG.

2. STIMULATE THE MICRO ECONOMY:
One thing that baffles me most in Nigeria is how the government at both federal and state level care less or pay lip service to industrialization and still expect to improve IGR. until government provide policies and practical partnership , incentives and tax reliefs not just as a policy document but implemented at all levels, the economy remains dud. U spend money to stimulate an economy, u inject cash flow, reduce tax so that businesses can grow, give special import considerations to manufacturing sectors and agric machinery so that they can further employ and create more taxable businesses for the government. But the government here at all levels is doing quite the opposite here.
If u don't use gains from the macro economy to simulate the micro economy, u will deplete ur resources and reserves, and kill the cash cow.
And that is a no brainer.

fykes:
1. POWER.
the only viable way to solve the power problem in Nigeria is for the government to totally unbundle the TCN in a privatization exercise just like they did with GSM and NITEL. businesses, individuals and state governments should be able to generate and sell power to their citizens while transmitting a % of it to the FG grid to maintain FGs business of selling power to other neighboring countries. In so doing competition will drive down costs and improve services while the TCN can be a monitoring body like NCC.
But will greed let them do it? The only people who enjoys this economy is the FG.

2. STIMULATE THE MICRO ECONOMY:
One thing that baffles me most in Nigeria is how the government at both federal and state level care less or pay lip service to industrialization and still expect to improve IGR. until government provide policies and practical partnership , incentives and tax reliefs not just as a policy document but implemented at all levels, the economy remains dud. U spend money to stimulate an economy, u inject cash flow, reduce tax so that businesses can grow, give special import considerations to manufacturing sectors and agric machinery so that they can further employ and create more taxable businesses for the government. But the government here at all levels is doing quite the opposite here.
If u don't use gains from the macro economy to simulate the micro economy, u will deplete ur resources and reserves, and kill the cash cow.
And that is a no brainer.

These two areas is a sine qua non to revamping the economy.