Nigeria is trudging along, yes that's what it is doing. Real GDP growth will likely stay under 5 percent a year until after 2017 when Nigerian ingenuity would have kicked in sufficiently to start a perceptible diversification toward manufacturing and processing of the nationâ€™s natural resources. Indications are also suggesting that purchasing of internationally refined petroleum products may be stopping, thankfully by 2017 to 2018. It is indeed amazing how after a decade and a half of torrid economic growth where real GDP with Chinese type growth rates climbed near 12 percent in 2003 and approached double digits again in 2010, the nation failed to diversify into manufacturing of needed goods and services. If change has come, one of its critical elements must include community development and economic competitiveness. When we speak of diversification, we must realize it is done in cities and communities by private people supported by policy developed by well meaning government officials. Government officials working well with private entrepreneurs and community leaders is where the rubber meets the road. The inability to have efficacy in this relationship is why we have failed to create surviving companies that can generate jobs. The holistic connection among companies, communities and the government is missing. A terrible missing link that I have mentioning for a long shake now. You can not create jobs by announcing policies and intentions. Just create opportunities and strategies for people and communities to grow businesses and create jobs. It is not by making announcements. We must get to our communities and see about how they can create jobs. I think that the President and indeed all Governors need an office for economic opportunity to drive this process. There is no other way. I am Magnus Kpakol, and thatâ€™s my view.
Posted: Mar 22nd, 2016 @ 04:55:19 AM