I told the government and the Nigerian youths that free competition cannot flow smoothly in an economy where government policies are anchored on taxation and artificial monopoly.
I am a Nigerian youth with some knowledge of micro, macro and development economics and I must tell you that in an economy where microeconomic theories like production, consumption, firm, competition and so on did not correlate effectively with the macroeconomic theories like GDP, Taxation, Government policies and so on, such economy is bound to face challenges in the gross domestic output.
People are complaining on how Nigerians are not into manufacturing, massive production, entrepreneurship and increase export, you know we import even tooth-pick. Have you ever thought of checking the areas where we have comparative advantage, availability/ accessibilty of raw materials, inter-relation of industries, VAT rate, government policies on taxation, economic ideology and politico-economic template, and so on?
Did you know that the so-called government agenda to industrialize Nigeria will end like dreams if some independent variable remain constant? Did you know that the price for the registration of a business name with the government of Nigeria has risen from 4000 naira to 10,000 naira with a fee of 500 naira just to check name availability?
How many times have government attracted business schools just like they have in Dubai to teach Nigerians at a subsidized rate? Oh! You think China and South Korea grew by imagination and shady axioms? You really need to think twice.
Have you ever wondered why more Nigerians succeed more outside Nigeria even in UK a place known for her dependence on taxation than inside Nigeria?
Research first before you dance to the political rhythm.
I strongly argue that the Nigerian government in collaboration with some Nigerian elites intentionally want the nation to remain poor just for self benefits until Malemas can stand up to challenge the status quo...
An open debate!
By Nebo Obinna Collins
No comments:
Post a Comment