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Are We Not Clueless? II.

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Written by   683
7 months ago

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I shared the first part of this post yesterday and you can catch up with it here: Are We Not Clueless?. It's not a rant but the state of the nation and how most underdeveloped countries found themselves where they are. It's not majorly about greed even though greed is one of the major causes but most people placed in leadership positions lack the foresight on what to do. Someone once said that "Civilization is in danger when those who have never learned to obey are given the rights to command."

Overreliance on oil is costing us as a nation. It's common sense that whatever we are getting from oil, we should use some part of it to develop other sectors. Imagine if you have only one pair of shoes and that's the only thing you wear, should you feel surprised when it suddenly packs up? It's about seeking alternatives and even though the shoe example doesn't cut it for a nation like Nigeria because the government have access to funds yet they choose to divert the money elsewhere. It's annoying, to say the least.

A country that continually borrows cannot attain development and that's the sad reality because whatever they are borrowing money for is not being used for the purpose they borrowed the money and that would always make them fall short, so they would always want to borrow more to patch things up. What they don't know is that the more they borrow, the more they are placing a strain on the economy and the generations to come even after they are gone. They are deferring problems for us and yet they think they are solving immediate problems.

I applied for an Agricultural grant for over 4 years now and they haven't even said anything about it. At a point they said where they kept the documents of our filing, the place caught fire and they can't see the documents again yet we have paid for the forms and the processing fees. If they are transparent, why didn't they refund us? That's for us to know that they have no intention of helping and it's just another rug pull where they dupe the populace.

There are so many things we are blessed with as a nation and they are not even developing those areas. It's as if they have cursed us to always be importing. How can we keep importing when the living conditions aren't right? Why not empower the citizens so that local consumption can be satisfied and whatever is being earned by the virtue of goods and services can stay within the economy? We keep importing which makes the money that is supposed to circulate go outside the country and these things don't come cheap especially when you calculate the import tax on these goods.

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As a producer, you have to factor in your cost of production which includes the import tax. This makes the price of goods or services higher than normal. The government encourage importation without understanding the problem it poses for the economy. Of course, we can import the things we are not producing but the sad part is, we are even importing the things we should be producing in the country. Isn't that madness?

We have timber, we have coal, we have bitumen, we have fertile ground that can be used for so many things which would make us compete with the best in the world what are we doing? We would rather borrow to do inflated projects and pocket the rest and they want the economy to grow? They are not reducing the unemployment rate which would ease up the strain on the living standard of people yet they are worried about seating allowances of senators. We have been cursed with leaders who don't have the foresight and we are all paying for it.

The youths are the most active and their focus should be on them rather the focus is on the ageing politicians that are past their productive years and would rather take the money they have earned in the system to lavish on foreign countries. How can the country develop or improve when we have so much but are underutilizing them. The ones we are using well, we are putting a strain on it and the proceeds from it are not being used to develop other sectors because they believe we have an abundance of that natural resource; Oil.

If we need to get out of this mess, they need to reduce the unemployment rate and cut the overinflated salaries of these so-called politicians which is why they would rather die to get a seat at the table because it's a get rich quick scheme. We need to diversify the economy by investing in other sectors. We have agriculture there that can give us so much more than we can imagine. Basic amenities should be fixed too because without good road networks, and access to water and electricity, how do you even entice foreign investors? And any investor that wants to come would charge higher since they are the ones providing these amenities for themselves and the citizens are the ones to suffer for it because what they have would no longer be enough and their purchasing power; spending power would reduce which would, in turn, affect the standard of living.

Okay, let me drop the Economist in me and embrace the love doctor for subsequent posts. It's just hard to overlook these things and people that know so much would never be allowed a seat at the table due to threats.

Thank you for your time.

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Written by   683
7 months ago
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Comments

Borrowing money to improve the country's situation has never been followed in some countries or should I say most countries because upto now they are are borrowing and it's citizens are the one who's suffering .. I really hope that when they borrow ..it will be put in good use ..to ease the burden of it's citizens..

$ 0.03
7 months ago

They don't put it to good use and that's the sad part.

$ 0.00
7 months ago

This sounds like my country, all the way down to the economy that is heavily dependent on the energy industry, the failure to diversify, failure to concentrate on the agricultural industry, the fact that we are net importers and the concentration of control lies in the hands of older politicians in an environment that is not necessarily friendly to youth and innovation. The irony here is that you are all the way over in Nigeria and I'm in the Caribbean. There needs to be a change in mindset if we are to ever improve as third world/ developing economies, but there is a long road ahead of us.

$ 0.05
7 months ago

I guess we have similar situation just like you rightly pointed out. Indeed, we need to have a change in mentality if we ever need to get anything done..

$ 0.00
7 months ago

About your application to the agriculture grant, I remember that sometimes, grants or job openings here are posted just for formality. They already have someone they have hired maybe referred by someone who works in that establishment.

$ 0.03
7 months ago

That's true and the thing is, they only used our form money and processing fees to enrich themselves. It was all a scam after all.

$ 0.00
7 months ago

Good thing you said the day before and the many lessons I learned from it

$ 0.00
7 months ago

Thank you.

$ 0.00
7 months ago

Talking about taxes, well since this is the lifeblood of the government so for sure they won't remove it. Besides this is where they get their projects whether a road or a establishment.

$ 0.02
7 months ago

All the ones they have deducted, there is nothing significant done with it and they still keep taking.

$ 0.00
7 months ago

I took that form then as well where I input 5 million then thinking I would go into pig, fish, and bird farming but I was automatically deceiving myself about that.

Nigeria is blessed and relying too much on just the oil sector is one of our biggest problems, if the youths can be empowered. I am certain we do be seeing a lot of differences in the country's economy.

$ 0.03
7 months ago

I was so expectant and had my business plan in place to follow it through. They didn't give us money and yet they took from millions of Nigerians and enriched themselves again. If they can focus on the youth, this country would excel. We only need the older ones for guidance. That's all.

$ 0.02
7 months ago

They just deceive people into enriching themselves which is very wrong.

$ 0.01
7 months ago

They have zero conscience since they have sold it to the devil.

$ 0.00
7 months ago

It is really frustrating to belong in a country where the government leaders aren't capable enough to think of the country's betterment. If the leaders are fixated on bettering themselves and acquiring more to get richer, the people and the country are doomed.

$ 0.03
7 months ago

That's the situation we are facing in this country and I have no hope to think of regarding this country.

$ 0.00
7 months ago

Lack of governance tactic and globalizaliton are the major problem nowadays. I like how you point the overreliance. It will the country and its economy.

$ 0.02
7 months ago

Thank you so much..deeply appreciate this.

$ 0.00
7 months ago

I agree, even in my place, those who just seat in conditioned room got the highest salary rather than those do fheir job well and sweat a lot by doing their job

$ 0.02
7 months ago

It's very sad and it shouldn't be this way. It's not fair at all.

$ 0.00
7 months ago

Over reliance on crude oil will cost Nigeria big problems in the nearest future that the oil might finish and I couldn’t imagine how a whole Nigeria with different natural resources will based on oil. It’s very true that when people that’s doesn’t work obey rule civilization is at danger.

$ 0.03
7 months ago

It's shameful because this is the time to diversify and they wouldn't. It's so painful that they claimed to be knowledgeable but they are clueless.

$ 0.00
7 months ago

As an Npower beneficiary, I haven't been paid for four months now ... It's obvious that they have squandered the oil money and they are now using the loans to pay salaries. And ofcourse a larger part of the loans would be embezzled too. I really can't say much about the future of this country o, it is just so bleak.

$ 0.03
7 months ago

It's bleak with burnt dreams. I cannot understand anything about this country anymore.

$ 0.00
7 months ago