By Murtala Adogi Mohammed
Congratulations Nigeria, for having a smooth transition.
As we just witnessed the handing over of power from Muhammadu Buhari to Bola Ahmed Tinubu. On the occasion of yet another ‘May 29’ – a day set aside for transition to happen
Though we are not there yet! But for us to be there we need to have a rethink!
Some of the quick challenges to handle by the new President are subsidy removal, exchange rate, managing stagflation, managing unemployment rate, poor health and education indicators, and national cohesion
Debt is paid using revenue, and Nigeria’s revenues have been declining. Nigeria earns revenue now to service debt – not to grow.
Nigeria as a Nation, in addressing these challenges, we need to collectively address some questions.
– What paradigm do we need to shift?
– What is working and what is not working?
– Why is it working and why is it not working?
– What needs to be done to make it work…?
I’m advocating for the need to…
1. Have strong institutions -with a focus more on institutions than individuals
2. Better system that delivers efficient services to Nigerians
3. Systems that are well strengthened with a corruption mitigation strategy
4. Invest MORE in people at State and local government levels with a specific target for women, young people, and children…
5. A country’s ability to improve its standard of living over time depends almost entirely on its type and quality of leaders and the nation’s poverty reduction intervention strategy…
6. We need to do more for our people… some are in an inter-generational poverty cycle while some are in a multi-dimensional poverty cycle and all these are the bottom millions in Nigeria…
According to Akinwumi Adeshina a couple of days ago, during the inaugural lecture, emphasized,
“The best asset of Nigeria is not its natural resources; Nigeria’s best asset is its human capital. We must invest heavily in human capital to build up the skills Nigeria needs to be globally competitive, in a rapidly digitized global economy.”
Adeshina added, “Nigeria must create youth-based wealth. We must move away from the so-called “youth empowerment programs”. Youths do not need handouts. They need investments.”
For the sake of humanity, they need support, not just technical support but also financial support…
Let’s pause, reflect, rethink, and celebrate Nigeria…
No bird can fly if its wings are tied…And we need to carefully study the darkness before we carefully on the light
~ MAM… for the sake of humanity and the love of my country
Murtala Adogi Mohammed
Founder/CEO System Strategy & Policy Lab
May 29, 2023