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Author Topic: Creating the right environment for economic prosperity  (Read 1288 times)

Online Agbe

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Creating the right environment for economic prosperity
« on: March 02, 2025, 07:50:19 PM »
Nigeria as a country has been having challenges when it comes to her economy which has resulted in the increase of cost of living in the country with inflation rate at it highest peak ever.

Every day our politicians speak Big grammar about how they will make changes and make our economy work but every day that passes the situation is getting worst by the day,but looking critically at our Nigerian society I have come to the realization that we are not yet ready for economic prosperity or growth as a country, because there are factors that will determine if a country is to have economic prosperity such factors includes
Having a good security system because security is critical to the economy of any country

Good road network_ for any country to have economic prosperity then they need to create good roads for easy transportation

Political stability_ for any country to have a good economy then the political sector of that country must be stable because when ever there is crisis in the political sector of a country it will be hard for such a country to have economic prosperity, political stability also includes the level or kind of politics that is been played in a country wether the politicians are sincere about developing the country or is the Nigerian kind of politicians that are not concerned about how they will improve the economic situation of the country

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Creating the right environment for economic prosperity
« on: March 02, 2025, 07:50:19 PM »

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Re: Creating the right environment for economic prosperity
« Reply #1 on: March 08, 2025, 11:32:29 PM »
~
You're not wrong about the need for the government to really invest in the basic requirements for a good place to invest, and unfortunately our government has failed in that aspect. They've completely ignored these things and are busy embezzling or even investing in projects that are unrelated and unattractive to foreign investors who should come in and improve the economic activities of people around. This is a problem for our country and will always be a problem so long as we have corrupt leaders in power.
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Re: Creating the right environment for economic prosperity
« Reply #1 on: March 08, 2025, 11:32:29 PM »

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Re: Creating the right environment for economic prosperity
« Reply #2 on: March 11, 2025, 09:36:32 AM »
~
You're not wrong about the need for the government to really invest in the basic requirements for a good place to invest, and unfortunately our government has failed in that aspect. They've completely ignored these things and are busy embezzling or even investing in projects that are unrelated and unattractive to foreign investors who should come in and improve the economic activities of people around. This is a problem for our country and will always be a problem so long as we have corrupt leaders in power.
Corruption in the government is found to be one of the biggest challenges of development for any given nation. As such, where there is corruption, the spoilt funds that should have been used in the construction of new infrastructures or improving education and generally boosting up the economy are embezzled and thus directly affecting the people. Such factors also deter foreign investors from investing if they observe policy unsustainability and insufficiency regarding the clarity of the budgeting practises in those countries. Alas, this is rather discouraging; yet when one condition is attained, there is way to alter the situation. If the system has been broken and people are disillusioned, simple education on the need to be an active part of the process will help. It is high time to require wiser leaders and the political parties to fund the policies that bring change for the better, and therefore there is a chance to turn the wheels of the economy once again in a healthier and more equal manner.
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Offline Chidzosh99

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Re: Creating the right environment for economic prosperity
« Reply #3 on: March 11, 2025, 05:53:36 PM »
Nigeria as a country has been having challenges when it comes to her economy which has resulted in the increase of cost of living in the country with inflation rate at it highest peak ever.

Every day our politicians speak Big grammar about how they will make changes and make our economy work but every day that passes the situation is getting worst by the day,but looking critically at our Nigerian society I have come to the realization that we are not yet ready for economic prosperity or growth as a country, because there are factors that will determine if a country is to have economic prosperity such factors includes
Having a good security system because security is critical to the economy of any country

Good road network_ for any country to have economic prosperity then they need to create good roads for easy transportation

Political stability_ for any country to have a good economy then the political sector of that country must be stable because when ever there is crisis in the political sector of a country it will be hard for such a country to have economic prosperity, political stability also includes the level or kind of politics that is been played in a country wether the politicians are sincere about developing the country or is the Nigerian kind of politicians that are not concerned about how they will improve the economic situation of the country
The big fat truth is that the politicians don't care if we die of hunger or poverty, if they really did they wouldn't even be involved with the embezzlement of public funds, and all sort of corruption. Their interest is rather on enriching themselves and their family member notthing more. So as citizens in this kind of situation all we have to do is help ourselves by learning various valuable skills which will help us scale away from poverty. God help us all.

Offline Joshikinz

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Re: Creating the right environment for economic prosperity
« Reply #4 on: March 13, 2025, 06:52:44 PM »
Nigeria as a country has been having challenges when it comes to her economy which has resulted in the increase of cost of living in the country with inflation rate at it highest peak ever.

Every day our politicians speak Big grammar about how they will make changes and make our economy work but every day that passes the situation is getting worst by the day,but looking critically at our Nigerian society I have come to the realization that we are not yet ready for economic prosperity or growth as a country, because there are factors that will determine if a country is to have economic prosperity such factors includes
Having a good security system because security is critical to the economy of any country

Good road network_ for any country to have economic prosperity then they need to create good roads for easy transportation

Political stability_ for any country to have a good economy then the political sector of that country must be stable because when ever there is crisis in the political sector of a country it will be hard for such a country to have economic prosperity, political stability also includes the level or kind of politics that is been played in a country wether the politicians are sincere about developing the country or is the Nigerian kind of politicians that are not concerned about how they will improve the economic situation of the country
Nigeria just like any other country has the ability to achieve economic prosperity, but the problem we are facing is basically our leader, sorry to say this but they have failed us in every way possible, even though we are wealthy in diverse natural resources we are still in the shadows and not at the fore front of economic prosperity. First and foremost we have failed to achieve economic prosperity because our leader have failed in investing their time and money on the right things, imagine our leaders investing heavily, financially on themselves and their fellow politicians all in the name of them being our leaders, all this money if just a little portion is channeled towards rebuilding our oil refineries or helping the unemployed youth and so on , I personally believe that there would be a rapid boost in our economy. Am not saying that the leaders shouldn't be paid or given their allowances every month but the amount should be reduced and then channeled towards enriching the lives of citizens, if this is done I know that at least one of the problems  facing Nigeria as a country which may be robbery, kidnapping, theft, Internet fraudster, will be curbed.

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Re: Creating the right environment for economic prosperity
« Reply #5 on: March 13, 2025, 07:16:48 PM »

fixing the politics i think should be the priority first before dealing with those roads. when US started, they build the railroad from east to west as far as history says. they said the railroad is the backbone of the county.

but i think the politics should be the first to fix since Nigeria isn't starting. it has to be renewed. having a real true ruler that everyone would obey will be perfect. someone like Nayib Bukele.

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Re: Creating the right environment for economic prosperity
« Reply #6 on: March 13, 2025, 10:49:57 PM »
Nigeria as a country has been having challenges when it comes to her economy which has resulted in the increase of cost of living in the country with inflation rate at it highest peak ever.
Corruption is actually the very first thing that needs to be considered and curbed in order to reduce the rate of corruption in the country. There are a lot of happenings every now and then that are eating up resources and the things that should anchor economic stability but it seems no one is concerned.

The political office these days is like a struggle for greener pastures and self benefitting things instead of a thrive to building the economy.
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Re: Creating the right environment for economic prosperity
« Reply #6 on: March 13, 2025, 10:49:57 PM »


Offline Cantsay

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Re: Creating the right environment for economic prosperity
« Reply #7 on: March 13, 2025, 11:54:20 PM »

fixing the politics i think should be the priority first before dealing with those roads. when US started, they build the railroad from east to west as far as history says. they said the railroad is the backbone of the county.

but i think the politics should be the first to fix since Nigeria isn't starting. it has to be renewed. having a real true ruler that everyone would obey will be perfect. someone like Nayib Bukele.

Well, even if they present themselves as Nayib Bukele there’s still a high chance that they’ll change when they finally get into power - fixing the political section in Nigeria is going to take a whole lot. And now away universities politics have started adopting the same ideology of the Nigeria politics you’ll see leaders of tomorrow already manipulating school election results saying quotes like “politics is a dirty game” while you’re still in school.

It’s actually scary how these younger generations are being brought up - I feel they’d do more than we're currently experiencing if not properly addressed.
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Re: Creating the right environment for economic prosperity
« Reply #8 on: March 14, 2025, 07:20:44 PM »
It’s actually scary how these younger generations are being brought up - I feel they’d do more than we're currently experiencing if not properly addressed.
Corruption is  more of a general problem so assuming it as a problem of the leaders is quite bias since even if these younger generations like you said were to be put into those places they would likely still do the same thing these current leaders are doing.

Most people feel cheated by the system which is true though, however they also feel the need to cheat the system too if they eventually get such positions that's why the corruption is like an endless loop.
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Re: Creating the right environment for economic prosperity
« Reply #9 on: March 14, 2025, 07:58:17 PM »

fixing the politics i think should be the priority first before dealing with those roads. when US started, they build the railroad from east to west as far as history says. they said the railroad is the backbone of the county.

but i think the politics should be the first to fix since Nigeria isn't starting. it has to be renewed. having a real true ruler that everyone would obey will be perfect. someone like Nayib Bukele.

Well, even if they present themselves as Nayib Bukele there’s still a high chance that they’ll change when they finally get into power - fixing the political section in Nigeria is going to take a whole lot. And now away universities politics have started adopting the same ideology of the Nigeria politics you’ll see leaders of tomorrow already manipulating school election results saying quotes like “politics is a dirty game” while you’re still in school.

It’s actually scary how these younger generations are being brought up - I feel they’d do more than we're currently experiencing if not properly addressed.

if there is no populist that can unite a large land, it would be very hard to unite them for it will take a conqueror to do it. i should know my country been in political horror since even today. aren't there a personality like Mandela in the country? someone where everybody respects?

the country has improved as far as i know, i have seen movies out from Nigeria i see them on netflix. it shows that the country is showing off their culture to the world.

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Re: Creating the right environment for economic prosperity
« Reply #10 on: March 15, 2025, 12:17:20 AM »
Nigeria as a country has been having challenges when it comes to her economy which has resulted in the increase of cost of living in the country with inflation rate at it highest peak ever.
Corruption is actually the very first thing that needs to be considered and curbed in order to reduce the rate of corruption in the country. There are a lot of happenings every now and then that are eating up resources and the things that should anchor economic stability but it seems no one is concerned.

The political office these days is like a struggle for greener pastures and self benefitting things instead of a thrive to building the economy.
Very well said. Personally I don't think corruption can completely the eradicated from the country, it can only be reduced. Cause like a termite it has deeply eaten into the system, at every level of the country there is corruption coming from our leader down to the judiciary, the legislature etc. Basically I believe that if proper incorruptible disciplinary committee are set up to severely punished corrupt individuals or leaders irrespective of your status then I think corruption will be reduced

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Re: Creating the right environment for economic prosperity
« Reply #11 on: March 15, 2025, 06:50:44 PM »
I will say that the wrong people are the ones in power and the only solution is to get rid of them. If not the problem is continue. Can you imagine that the government are using it as a competition who will steal more than the other when in power. Tinubu government is the worst so far that has been in power.

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Re: Creating the right environment for economic prosperity
« Reply #12 on: March 18, 2025, 06:55:50 PM »
I will say that the wrong people are the ones in power and the only solution is to get rid of them. If not the problem is continue. Can you imagine that the government are using it as a competition who will steal more than the other when in power. Tinubu government is the worst so far that has been in power.
That is correct because stealing of public funds is the order of the day with government officials acquiring more wealth by collecting the funds ment for the development of the society that they are ment to develop the problem here is the it's not easy getting rid of them because the will to remove them from office is not in the power of the common man because wether you like it or not any one the political class has projected to be in power will definitely win because our votes doesn't really matter when it comes to deciding our future as a people

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Re: Creating the right environment for economic prosperity
« Reply #13 on: March 20, 2025, 04:16:34 AM »
I will say that the wrong people are the ones in power and the only solution is to get rid of them. If not the problem is continue. Can you imagine that the government are using it as a competition who will steal more than the other when in power. Tinubu government is the worst so far that has been in power.
That is correct because stealing of public funds is the order of the day with government officials acquiring more wealth by collecting the funds ment for the development of the society that they are ment to develop the problem here is the it's not easy getting rid of them because the will to remove them from office is not in the power of the common man because wether you like it or not any one the political class has projected to be in power will definitely win because our votes doesn't really matter when it comes to deciding our future as a people
Aswear you really know what going on for this country, votes of the citizens don’t really matter the government will surely do what so they wishes and whom so ever they want to be in the position. Omo things Dey really sup for this naija ooh may Almighty God see us through we pray we should have a better and honest leaders some day.
And the most important thing you can’t ever have issues with the government and be able to get away with it unless the government body really want you to be free. The government body really strong and na them be the head and the leaders wey Dey do bad governance pass.
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Re: Creating the right environment for economic prosperity
« Reply #14 on: March 20, 2025, 01:08:37 PM »
Nigeria as a country has been having challenges when it comes to her economy which has resulted in the increase of cost of living in the country with inflation rate at it highest peak ever.

People must learn to be independent on their own, they have to stop depending on their governments to help them through a sustainable living, because things are not like this from right from the start, but each day we keep on discovering that our economy is getting more worse than before, which inflation is one of the major reason why things keep going this way, therefore we must learn to understand about the reality of life, being self sustainable and being independent, this will then help us move forward in life.

 

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