OPINION BY PETER OBI AND DATTI BABA-AHMED: Nigeria needs a new lease of life | TheCable
BY PETER OBI AND DATTI BABA-AHMED
Today, Nigeria sits on the lowest rungs of global development indices. Insecurity is at an all-time high. Our economy is in a bad shape. The Naira is in free fall. Prices of goods and services are skyrocketing. This is even as family incomes dwindle, and good-paying jobs evaporate. Our country is hugely indebted. Capital flight from Nigeria reportedly is at 82%. A significant portion of our revenue goes to debt servicing. Government can barely meet its statutory obligations.
It is time to urgently rescue Nigeria from implosion. People can certainly pursue personal, partisan and group interests. But in times of serious challenge, true patriots must rise above self-interest and sectional considerations to build a resilient society in the national interest. The primary mission, as we see it, is to secure, unite and make Nigeria productive once again. We must invest in our human capital development to match what we need in today’s technology-driven 21st-century economy.
Moving Nigeria forward requires essentially a twin-tracked approach. It requires self-sufficiency in food and an improved power supply. Beyond oil, Nigeria must turn her vast arable lands in the north into her new oil. We must get our industries running optimally again. We must progressively generate 4,000 megawatts of electricity annually for the next decade. When we have accomplished these goals, then we will have created employment opportunities that will translate to lowered criminality.
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