Skip to main content

Things to correct as a nation





Let me point at the two (2) scenarios taking place in this country (Nigeria).
1)      The unemployed or underemployed graduate will not buy the same product made in Nigeria but will prefer to buy an imported version of the same product.
To such fellows, they keep themselves in the unemployment market, simple! For every one shirt you wear that is made in outside Nigeria, you are closing a shop down in Nigeria and reducing the number of job giving organization. So one of the easiest ways to reduce the high rate of unemployment and underemployment in Nigeria is for Nigerians to buy and sell made in Nigeria goods. Until we have this mindset shift we may not be numbered among the 20 world economies by 2020. The average Aba boy dealing in tailoring and bags, shoes, and belts etc needs encouragement. The leather bags, shoes and textile making Fulani boy in Kano needs to be encouraged. The rice farmer in Abakaliki, Minna, Makurdi etc also needs the same encouragement. Our continued preferences for foreign products have all discourage these ones. If I am to plot a graph of the production in Nigeria from 1960 to date, you will release that we have a downward slope which implies that many firms and organizations are closing up day by day in Nigeria due to discouragement.
Yes! We have power problem but the impact will have been less if we solely buy and use Nigerian products, the only difference is that it will be costly. Why naira will continue to depreciate against the dollar is because most of our transactions are in dollars, period! Until there is a reverse, there will be no appreciation of the naira against the dollar even with all CBN measures.
2)      One unpatriotic approach of importers is to actually frustrate small and medium scale industries in Nigeria. One of the ways they do this is by selling below (even there cost price while they make loss) local producers until there come a time when the local producers has been completely out of business, they then become market leaders in such areas and dictates the price of such goods. This indeed brings more profit to them but it is actually mortgaging the future of the next generation who will still come out and find jobs. It is the same thing government officials does when they go to foreign hospitals for treatment of less alarming ailment like malaria, typhoid and running stomach which we have developed expertise for in the country. The truth is that the importer can start producing the same product in the country the same way Chief Obi Ezeude did when importation of biscuit was banned in Nigeria.
Think Nigerians! Think! That’s one area I know we are mostly defaulting as a nation is in the aspect of thinking.    

Comments

Popular posts from this blog

Understand Priority!

It is important in life and especially business to prioritize ideas. Some questions that will help us as regard priority includes "when should this idea be implemented?" "Do I have all it takes to implement this idea now, if not, when will I have them?" "Won't it be late to implement this idea in so so and so time?" Etc. Many times, it's difficult to run/implement two or more ideas at a time but through priority we can still achieve them all though at different times. It also prevent tying up of capital and that may even affect both businesses. In priority, it's best to do the easiest first or one in which one has more expertise or one better research. In priority, a schedule is also important. When we ask the necessary questions, it would help us know how prepared we are for every idea we intend to implement less we start and encounter problem not anticipated. Some ideas are best implemented now than allowing them to wait while some are bet...

Prime movers of Agriculture!

It is good that the clamour for Nigerians to return to agriculture from the Olusegun Obasanjo’s administration of 1976 has been sustained by successive government. However, the problem with most of the call to return to agriculture is that those clamouring for such end with the thought of exporting the agricultural produce, this I disagree with. The question is ‘who are the farmers?’ because most times we want everybody to go back to the farm and if I understand what we are saying we are simply encouraging subsistence farming which from age past have never reduce unemployment or increase government revenue. What types of agriculture should we then do?

Be consistent!

Any prospective entrepreneur or business person must learn to be consistent. Consistency in this context is of two types 1) in terms of the service you are rendering, 2) To remain in business in the face of challenges