Post
Topic
Board Nigeria (Naija)
Re: Nigeria and the Current State of its Economy
by
Kliss
on 20/02/2024, 14:27:28 UTC
Nigeria in West Africa was once known to be the giant of Africa, lets start by its way of politics before going straith into the economy discussions in proper, it has been a country that has no prevailance of diversity until the political era set in after the independence and the leaders could not control themselves anymore than going after their personal agenders instead of the public interest, Its now a thing of freedom for any political candidate who betray the people and the government not to face the court of law, because immunity covers them, while an average citizen may steal a loaf of bread and landed into prison.

Now lets focus on the current economy situation in proper, am such a person that doest like much of politics because of the dirty games they play in it, but if we are to look back to the era of Goodluck Jonathan to this time, we can see that alot of things have gone wrong so badly with the economy and this has nothing than the influence of the selfish political parties and their interests, inflation is now the order of the day as the people could hardly or barely afford to make ends meets on a daily basis, we all know the implication of this at the long run, there will be increasing poverty and crime rate.

Going further into the economy crisis ongoing, the government could not help in any means to put a stop into this, instead, things keep getting worse and worse everyday, currently you can see the way things are very expensive in the market due to inflation because of exchange rate due to naira devaluation, currently as at today, you can exchange naira to dollar at $1 to be #1,700 and still increasing as we speak.

I will like us to discuss broadly on any of the possible highlights i will be dropping below and give our own opinions on the about the current state of the economy.

1. Will a massive and national protest not emerge soon like that of End SARS, as the people were getting to their elastic limit on economy hardship.

It has already begun in oyo state, and very soon it  to will spread across other states and nation wide. But we know the Government very well they can turn the civil rights of citizens to another entirely because their are some selfish citizens who are given peanuts and these set of people are being used as tools by the government to turn against there fellow citizens who are advocating for the betterment of all in the country. The Government doesn't care about the civil rights of its citizens.


2. There's no plan on increasing the employment rate and minimum wage, what will be the effect of these on the country leaders of tomorrow.

The impact of these effects is already in place, it's affecting workers and government civil servants because their earnings can't meet up with the immense hardship. The solution to this is for Government to make policies that will be favourable to bring the nation out from inflation and Economical instability by making our Agricultural sector, industrial sector, oil sector, electrical sector etc effective these can create jobs and make our local exportable.


3. Are we having an incompetent leader or the people around him are the ones causing the uproar for their own benefits,

Yes of course,  our leaders are incompetent and they are not rendering selfless service to our nation but rather they are running a selfish service. We all are seeing how a country that is going through economical crisis yet billions are spent on irrelevant stuffs and stolen by Government officials. The leaders we have both in the Executive, legislature and judiciary are not rendering selfless service rather selfish service.



4. If nothing is done, we should expect the economy to keep getting worst than ever, but i doubt if its not causing a lot of innocent people already as ransom.

lets discuss.

Already The Economy keep getting worse on daily basis because when people in administrative position can profound solution rather they think of personal gains they will make from the country. look at how the dollar keep on gaining strength over the Naira from when Muhammadu Buhari took Government  till date, a country that had the best economy in Africa but all diminished to hardship because leaders fail to put the country first above other interests.