Nigeria has about 17,500 public elected officials and political office holders at all levels (local, state and federal). These publicly elected oficials and political appointees are using more than 30% of the nation's annual budget for their own salaries and allowances alone. While 80% of Nigerians live in abject and chronic poverty by surviving on $1 to $2 (N160 to N320) a day budget. The unemployment rate amongst the millions of college educated youths at the moment stands at about 50%, while millions of the hardworking Nigerian workers in the private and public sectors are earning poverty wages. Nigeria does not have any significant, visible or and vibrant middle class jobs. Good paying professional jobs that require college education are limited to the few and the highly selective oil, gas, IT, banking, consultancy and telecommunication industries.
The nation's public infrastrutures, her national educational systems and the social services are all outdated, inadequate, old and falling apart. The national currency, the Naira remains very worthless in its purchasing power and in its exchange rate value when it is measured against the other international currencies of the other nations. The national economy remains stagnant for decades and oil-dependent. Tens of thousands of the highly educated Nigerian professionals are products of brain-drain to the western nations, the Middle East and to the economically vibrating African nations. The current democratic dispensation was built on electoral frauds since its inception in 1999.
This country continues to face massive unabated official corruption, mismanagement of our state resources, lawlessness of the highest order and the rule of brutalities everywhere. The successive governments in Nigeria have continued to use the nation's oil wealth for the benefit of the few elites in power and leaving behind the tens of millions of the ordinary Nigerians in abject poverty, hopelessness and miseries that make them vulnerable to religious bigotry and fanatism.
In my personal conclusion, the future of the Nigerian nation remains very bleak under the presidency of Jonathan Ebele Goodluck. What will happen next in Nigeria in the nearest future remais unknown and unpredictable, as we continue as a nation to face the future of political, social, religious and economic uncertainties that only time will determine the various outcomes
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