Saturday, September 14, 2013

"NIGERIA IN 2013:AN ECONOMY THAT WORKS FOR THE FEW NIGERIANS"

Nigeria as a country cannot be considered to be great with a prospering economy when only a handful of its citizens are the direct beneficiaries from such an economy or government policy. The economy future of any serious minded nation cannot be left in the hands of few dubious, shady and crafty businessmen to run freely without the proper federal oversights and regulations fully in place. President Jonathan Goodluck's economy is designed in all ramifications to directly benefit a handful of Nigerians, to enthrone the reign of monopoly of the Nigerian national economy by the few Nigerians, to kill any form of competition from other interested businesses, to limit the consumers' choices and to maximize profits for those few businessmen selected to run this economy. 

Below are the direct and practical questions that patriot Nigerians need to ask and demand answers for:(i).Has the economy policy of President Jonathan Goodluck that primarily benefitted the likes of Aliko Dangote, Mike Adenuga, Femi Otedola and the few oil markerters truly helped in the reduction of the huge national youth unemployment rate in Nigeria from its present 23%? (ii). Has Jonathan Goodluck's economy improved the wages of the average Nigerian workers in all reality and the standard of living of an average Nigerian in all truth and honesty? (iii). What are the visible positive impacts of the President Jonathan Goodluck's economy policy on the Nigeria's outdated educational system, inadequate social services, dilapidated health care and collapsing national infrastructures? 

The only indicators today that the economy policies of President Jonathan Goodluck point to as the positive economic growth are the yearly increasing GDP that now stands at about $273 billion, the national economic growth rate of about 7% annually, the foreign reserves that fluctuate and the privatization of the failing state parastatals that have made a handful of Nigerians like Aliko Dangote, Mike Adenuga, Femi Otedola and few other Nigerians government created dollar-rated billionaires. In conclusion, no nation in all reality can truly developed, be self-sufficient, becomes a global political force to be reckoned with and an economic engine in the 21st century when the majority of its citizens are helpless, hopeless, miserable and are languishing in chronic poverty due to the high unemployment rate, lack of economic opportunities and the poverty wages that are paid to the majority of the hardworking Nigerians.

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