Nigeria can create more jobs for its population by utilising available opportunities to increase its export revenue.
Nigerians should be able to see lots of opportunities that are close to them in the market. They should start thinking about how to export as well because the country used to be the largest producers of groundnut.
Today Cote d’Ivoire is the largest producers of cashew nuts, and cocoa in the world. Today Cote d’Ivoire is the fastest growing economy in Africa.
So Nigerians need to start thinking back and see what more they can do to employ large number of the population that are in the rural areas like creating linkages between what they can do in the rural areas to the market.
So that then it would not just be oil that is one of the ways of diversifying the economy.
Further than that, private sector participation as the solution to the Nigeria’s power and infrastructural challenges cannot be over-stressed, but the citizens must however be ready to pay to have good power supply and infrastructure.
If in Nigeria we want to have good power and infrastructure we need to be ready to support the government by being ready to pay. This can enable the private sector to participate in infrastructure creation. That participation would reduce the drain on government resources on infrastructure creation today.
In other countries, not only in advanced countries, private sectors participate in infrastructure creation. The government cannot spend all their money creating terminals in airports whereas the private sector can actually do that. So government need to spend money on basic primary education whereas the private sectors should be allowed to participate on those things they can participate in.
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