Monday, February 13, 2012

Economic growth is not an end, but rather a means to an end.


         
Nigeria is a country with a magnus population of over 150 million,and have negativum to take advantage of it's population for economic development.
Other countries like China and India had used their magna -um poplution to the advantage of thier economical development.

We all know that economic growth is not an-finis, but rather a means to an-finis.Economic auctus is premised on the concept of increasing quantity,  it could be more productive to frame the issue in terms of economic development.It is certin that economic development looks at auctus as a means of unavailing a higher level of individual and societal well-being. Whilst economic growth is about quantity, economic development is about quality.

A well developed economy is one that meets people's needs and provides well-being for everyone. Where can we proudly say today that Nigeria fits in? You can only talk about Nigeria when it comes to Corruption by the leader's,ethnic hatred,Boko Haram Killing of innocent Nigerians, Religious fanatics,election promises unfullfiled,looting of public treasurery,maladministration and missapropriation of public funds etc.

There is no way Nigeria can achieve economic development without being based on the collective good which is ultimately about creating more value for every living soul in Nigeria.This present ledership must wake up to the reality on ground and make sure that the poor Masses of this country have a better living condition.

It is still very fresh in our mind that in 1990s agricultural sector was the focus of intense development,with food self-sufficiency the goal.
It was the subject of separate delvelopment plan involving the public and private spending concentrating on the family farmer.This program included price stablization and schemes to revitalize palm oil,cocoa and rubber sectors.

But what can we say today,the government has left agriculture and put all dependant on oil,which has created more problem for Nigerians and it's economical advancement. The oil which the government depend on, can not be said to be well managed.

The integrated petrochamical industry which was a priority in 1990s,using the output of the nations refineries,such as Benzene,Carbon black,and Polypropylene for more economic benefits has been a faluire.The development of liquid natural gas  was expected to lead to the production of methanol, fertilizer, and domestic gas to make Nigeria a better economy yet all this where faluires.

Even the  Nigeria's refineries are operating at less than optimal rates.
President Goodluck Jonathan should proof to Nigerians that he is capable of transforming Nigeria since he,made the word "tranform"a cardinal point towards effecting good governance to the people of Nigeria.

Nigeria must be better.

Comr.Evan Akahson.





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