There are 4 sectors that can revive the Nigerian economy outside oil and gas, agriculture but because @NigeriaGov and state governments are too lazy to act.
1. Transport- The laziest government & most unproductive, I have seen in terms of solving transport issues is @followlasg
Lagos State has no business still using danfo buses. It is just the lazy approach of our politicians to muddle up things and politicize everything that makes a mega city like @followlasg to still think Danfo buses serve a purpose. Go to Abuja and see how much you suffer in lag.
The transportation overhaul of danfo buses in Lagos and the use of metroline and registered cabs like @AkinwunmiAmbode planned would have helped raise the revenue of the state. The reason why productive hours in Lagos State are spent on the road is danfo buses.
Danfo buses have outlived their usefulness like Molue buses and it is high time @followlasg and other states start thinking up a transportation model that is different from what obtains in Lagos. A proper planning of a state's transport can shore up revenue.
2. Sports and recreational activities. You don't need a soothsayer to tell you that @NigeriaGov is losing millions by the seconds ignoring sports. public and Private school alike always look forward to inter house sports. They know the reason they know financial rewards.
I know people who organize sporting shows at the local level, charge N100 and actually smile to the bank after such event. You have boxing, athletics, basketball and football, we have an energetic young population but we fail to monetize these energy. @NigeriaGov wake up!
3. Entertainment
The creative industry in Nigeria needs funding. It is painful that up till now we still don't have a film village in Nigeria or a govt subsidized studio in any part of the country. The prospect Nigeria has in terms of audio-visual is huge but we need support
We keep saying that our music industry is doing well, truth is, are we being sincere? We are buying the massive PR illusions of our artistes which isn't translating to sales or commercial success. $1billion streams but none of them has earned what Majek or Fela earned.
Our government needs to step in and create a structure which helps the Nigerian talent and creative sell his intellectual product without hassles. Making money from creativity in Nigeria is almost a task many perceive as impossible because intellectual products are not protected
You have an industry that the major players are more like gamblers. No continuity, no legacy. Why? Because investors in the creative industry are not protected. We have MGM and 21st century for over 30years, they are still waxing strong, what about EMI, DEF jams, Sony?
But tell me what has become of the Ojo ladipo theater group, Duro Ladipo? What has become of Kennis Music, Empire mates and even @eLDeeTheDon company? Nigeria happened to them. No sustainability because Intellectual products are not protected in any form.
And not just the fact that they are not protected, because we have a @NigeriaGov that just doesn't see the bigger picture as regards opening up markets for creatives and helping them monetize their intellectual products. The copyright agency in Nigeria gets budget but is inactive
4. Education-
Countries that are smart invest the bulk of their budget in education and monitor closely. We have moved from a mercantile world economy to the 'creating markets' economy. To create markets in this new world, you need to build human capacity. But @NigeriaGov ...
But @NigeriaGov doesn't know. How many Cuban doctors did Italy open up their doors to, during COVID 19? We spent the bulk of our budget in 2015 on CAPEX, how many foreigners did we pay based on their specialization? How many machineries did we import because we lack technology?
There is never enough money or time to pump towards education and human capacity development in a country like Nigeria. Of course, I agree that the bulk of our educational syllabus needs overhauling because most of what is taught is not productive.
In today's economy and the new world reality, why is tailoring and fashion designing not a course in our universities? Why is filmmaking not a course? We are investing on agric, how many agricultural universities do we have and what has been their contribution to the sector?
If we can ensure that these four sectors work, we will see a difference in the way our economy is presently. Yes, I know tourism is a good one but trust me, tourism can only come about when the basic amenities are provided.
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