The prospects of cutting the cost of governance in Nigeria look promising. But will it propel the country’s journey to economic prosperity? Experts responded in affirmative.
Nigerians don’t necessarily need alms, they only need an environment that makes it possible for them to make money and create wealth.
…Singapore recognises cryptocurrency as a major economic booster; hence, it places no restrictions on its trade. Likewise, Switzerland, Germany, and the US. These countries recognise the advantages of cryptocurrency and prioritise it as one of their economic boosters.
It is pertinent for the Nigerian government to review policies that might be holding the country back. The leaders must be championing economic freedom, transparent governance, and a commitment to protect human rights
The series of attacks witnessed by Nigerians in various parts of the country is proof that Nigerians are far from enjoying complete personal freedom…. If human freedom is worse, economic investment will not improve, which rings back to underdevelopment.
It is unsurprising President Tinubu is requesting for the approval of $8.6 billion loan as the “Federal Government’s 2022-2024 external borrowing plan”. Since he assumed
Though Adekanbi residents are not aware, the accessible telecommunication services to their villages is part of the impact of the deregulation of the telecommunication sector that started as far back as 1992.
Government policies can both propel and impede economic growth. Unfortunately, in Nigeria, abrupt shifts in policy have been more of a hindrance than a help.
Few weeks ago, Nigerian media witnessed a buzz as Dangote Refinery finally launched its operation. Not many noticed it is the Dangote Group’s successful attempt to dominate the energy sector.
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.
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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.
