The central bank hopes that allowing the naira to find its true value will stimulate economic activity and attract foreign capital.
Private schools have been instrumental in providing education for many children, and keeping the population at the government schools moderate. However, if private schools respond to the tax policies with tuition fee increments, thousands of students would be chased away from schools. The consequence is overcrowded public schools and pupils who might be discouraged and drop out of school.
Many Nigerian youths trusted the government when introducing policies to lift people out of poverty. But a few years after the implementation, they have started feeling the adverse effects of government intervention in the economy.
In the last five years, Anambra state government has increased taxes levied on small scale businesses, causing discomfort to SME owners.
For decades, the Federal Government has monopolized the Power and Railways sector and limited state governments’ ability to provide stable electricity and efficient transportation systems to their citizens.
Our Gross Domestic Product cannot grow when people are using their productive time to queue for long hours in banks.
Although Nigeria’s decline is real, the country still has areas that can be exploited to boost overall productivity and development.
The development has shown that people in authority are undisturbed about the adverse effects of their policies on the masses.
The profit-driven orientation in privately-owned tertiary institutions makes studying there hyper-expensive. What if public universities fund themselves — and do not make profits?
When the government’s inappropriate economic policies turn perverted and the consequences spiral out of control, then you see the people demanding to tax the rich
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Get new insights on pro-freedom issues and current events. Subscribe to ‘Letters of Reasoning’ for weekly expert commentary and fresh perspectives.
