Connect with us

Opinion

Nigeria’s Brain Drain Conundrum: A Call To Action

Published

on

David Osadolor is the President, Nigerian Young Professionals’ Forum (NYPF)

By David Osadolor

As we deal with the multiplex of our minds and call to heart the things that should be in the most definite ways, it is indeed beyond the questions of hope and endeavors. People are losing faith in the country and their attitudes are showing that. When an institution can no longer provide the basic things needed by its citizens, people lose faith. It is therefore okay in an absolute manner to understand that when dealing with our temperamental stars, habits, and attitudinal behavioral conducts would always hold the pillars of societal balance in relative terms. People are battered, tattered, and torn, both from dealings within their societal circles and the cycle of the national polity, and there is just no way to keep the magic light and lead the way if the habits formed from the system are not reformed to lead a successful life.
Beyond this, at the other side of this long table will be questions; aching hearts and searching eyes, and the solemn ideas of what exactly they are trying to be or where they can get to lead a better life.  Amid these pains are people; hearts, and heads, and the numbers are constantly increasing as more questions are popping up from the distant shadows like silhouettes coming to life face to face with the cold realities of the entirely aching nation with no one willing to pick up the pieces. So here are the biggest catches; beyond the questions are questioners – people who have come along with a cumulative experience, adversity from childhood or something picked at adulthood. Most times, these people are often with value-laden and hurt-laden struggles which have shaped their current habits and the necessities of letting go are not so visible. This is the system. This has nothing to do with motivation or willpower, but the loss of faith in the institution and the necessity to find a better place to live and thrive.
Nigeria, Africa’s most populous nation and one of the continent’s largest economies, is often lauded for its abundant natural resources and rich cultural heritage. However, beneath this veneer lies a deeply troubling phenomenon – brain drain. The term “brain drain” refers to the emigration of highly skilled and educated individuals from one country to another in search of better opportunities. In Nigeria, this trend has reached alarming proportions, with thousands of professionals, particularly in the medical, academic, and technological sectors, leaving the country annually. This exodus has far-reaching consequences, not only for Nigeria’s economic development but also for its social stability and future growth prospects.
Let us remember therefore that in the past, our ancestors were forcibly taken to foreign lands in vast numbers, leaving behind only a few men, women, and children. This mass displacement, known as the trans-Atlantic slave trade, devastated our communities and stalled development, leaving our land barren. Many African scholars, such as Walter Rodney in his seminal work ‘How Europe Underdeveloped Africa’ (1972), argue that the slave trade significantly hindered the development of the continent, which was rich in both human and natural resources.
Unlike the forced migration of the past, this modern exodus is voluntary, driven by the search for better opportunities outside the shore of Nigeria. This migration manifests in two primary ways. First, there is the Brain Drain, where educated Nigerians leave the country to practice their skills elsewhere due to the lack of favourable conditions at home. Second, there is the broader migration of individuals seeking greener pastures, even when they may not have significant contributions to offer in their destination countries.
 
The lack of opportunities for many talented Nigerians has led to a significant diaspora across Europe and America. The country’s failure to provide an environment where its citizens can fully realise their potential has exacerbated the challenges of brain drain and migration, contributing to Nigeria’s ongoing development struggles. Our universities have suffered from poor government policies, leading to a decline in quality and prestige. Studying abroad, even in neighbouring countries like Ghana and Benin Republic, has become a status symbol. In the medical field, a significant number of Nigerian doctors and nurses now practice in the United Kingdom, while our political leaders, unable or unwilling to fix the healthcare system at home, seek medical treatment abroad.
As the country struggles to address its myriad challenges, the loss of its brightest minds creates a conundrum – a complex and persistent problem that seems almost impossible to solve.
 
The Root Causes of Brain Drain in Nigeria
One of the primary drivers of brain drain in Nigeria is the country’s deteriorating economic conditions. Despite being one of the largest oil producers in the world, Nigeria has been unable to translate its natural wealth into broad-based prosperity. High unemployment rates, inflation, and a volatile currency have created an environment where many professionals see no viable future for themselves and their families. For instance, a 2020 report by the World Bank indicated that nearly 40 per cent of Nigeria’s population lived below the poverty line, and this figure has likely worsened due to the impact of the COVID-19 pandemic. In such an environment, the allure of higher-paying jobs, better living conditions, and more stable economies abroad is irresistible.
A second major cause of brain drain is the inadequate state of infrastructure and public services in Nigeria. Healthcare, education, and power supply are critical sectors that have suffered from years of neglect, under-funding, and corruption. The healthcare sector, for example, is in a state of crisis, with many hospitals lacking basic equipment and supplies. This has prompted a mass exodus of medical professionals, particularly doctors and nurses, to countries where they can work in better conditions. According to the Nigerian Medical Association (NMA), as of 2021, about 10,000 Nigerian doctors were practicing in the United States alone, with thousands more in the United Kingdom, Canada, and other countries. The education sector is similarly beleaguered, with universities frequently shutting down due to strikes, poor funding, and inadequate facilities, driving academics to seek opportunities abroad.
A third factor contributing to brain drain is the pervasive insecurity in Nigeria. The country has been grappling with various forms of violence, including terrorism, banditry, and communal conflicts, for over a decade. The rise of Boko Haram in the northeast, the persistent clashes between herders and farmers in the middle belt, and the kidnappings for ransom that plague various parts of the country have made Nigeria an increasingly dangerous place to live and work. Many professionals, especially those with young families, feel compelled to leave the country for safer environments. The tragic abduction of over 270 schoolgirls in Chibok in 2014 and the regular reports of attacks on schools, churches, and villages, highlight the extent of the insecurity. In response, many Nigerians have sought asylum or emigrated to countries where they feel their safety is assured.
Lastly, the lack of good governance and political stability in Nigeria is a significant catalyst for brain drain. Corruption, nepotism, and a lack of accountability have eroded public trust in government institutions and stymied efforts to improve the country’s socio-economic conditions. The failure to hold credible elections, ensure the rule of law, and protect human rights has driven many Nigerians to seek a better life elsewhere. For example, the End SARS protests of 2020, which began as a call to end police brutality, quickly morphed into a broader movement against bad governance. The government’s heavy-handed response, including the infamous Lekki Toll Gate shooting, reinforced the perception that the Nigerian state is not only incapable of protecting its citizens but is also complicit in their suffering. This has further fueled the desire among many Nigerians, particularly the youth, to emigrate.
 
Consequences of Brain Drain on Nigeria’s Development
The mass exodus of skilled professionals from Nigeria has severe consequences for the country’s development. One of the most immediate and visible impacts is the decline in the quality of public services. In the healthcare sector, the departure of doctors, nurses, and other medical professionals has left many hospitals understaffed and unable to provide adequate care to patients. According to the World Health Organization (WHO), Nigeria has a doctor-to-patient ratio of 1:2,500, far below the recommended ratio of 1:600. This shortage has led to increased mortality rates, particularly for preventable and treatable conditions. Similarly, the loss of educators and researchers has diminished the quality of education in Nigeria, with many universities struggling to maintain academic standards. This has created a vicious cycle, as the decline in educational quality drives more students and academics to seek opportunities abroad, further exacerbating the brain drain.
Another consequence of brain drain is the loss of potential economic growth. Skilled professionals are critical to driving innovation, increasing productivity, and improving competitiveness in the global economy. When these individuals leave Nigeria, they take with them not only their skills and knowledge but also their potential to contribute to the country’s economic development. The technology sector, for example, has seen a significant outflow of talent, with many Nigerian tech entrepreneurs and engineers relocating to Silicon Valley, Europe, or Asia. This has deprived Nigeria of the opportunity to build a robust and dynamic technology industry that could create jobs, attract investment, and drive economic diversification. Instead, Nigeria remains heavily reliant on oil exports, which are subject to global price fluctuations and offer little in terms of sustainable development.
Brain drain also has significant social and cultural implications for Nigeria. The departure of educated and skilled individuals has created a vacuum in leadership and expertise within communities, weakening the social fabric and undermining efforts to address local challenges. For instance, in many rural areas, the absence of doctors and teachers has left entire communities without access to basic health care and education, perpetuating cycles of poverty and underdevelopment. Moreover, the loss of cultural and intellectual capital has led to a decline in the vibrancy of Nigeria’s cultural and academic institutions. Many Nigerian authors, artists, and intellectuals have relocated abroad, where they can find greater support and appreciation for their work. This has diminished Nigeria’s cultural influence on the global stage and reduced the diversity of voices contributing to the country’s national discourse.
Furthermore, brain drain exacerbates the inequality and social divisions that already plague Nigerian society. The professionals who emigrate are often those with the resources, connections, and education to do so, leaving behind a population that is increasingly divided along economic and social lines. This growing inequality fuels resentment and discontent, particularly among the youth, who see fewer opportunities for social mobility and personal advancement. The increasing gap between the “haves” who can afford to leave and the “have-nots” who are left behind, contributes to social tensions and undermines national unity. This division is further deepened by the remittances sent by those who have emigrated, which, while providing a vital source of income for many families, also create dependencies and distort local economies.
 
Real-Life Examples of Brain Drain and Its Impact

Several real-life examples illustrate the devastating impact of brain drain on Nigeria. One of the most poignant cases is that of the medical sector. In 2021, it was reported that over 80 per cent of the doctors who graduated from Nigerian medical schools in the last decade had left the country. This exodus has left many hospitals in Nigeria, particularly in rural areas, without enough qualified personnel to treat patients. The COVID-19 pandemic further exposed the vulnerabilities of Nigeria’s healthcare system, as the shortage of medical professionals hampered the country’s response to the crisis. In contrast, Nigerian doctors abroad have been making significant contributions to healthcare systems in the United States, the United Kingdom, and other countries, highlighting the loss to Nigeria’s own system.
In the academic sector, the story of Professor Olufunmilayo Olopade, a renowned Nigerian-born oncologist and geneticist, is a telling example. After completing her medical training in Nigeria, she moved to the United States, where she became a leading researcher in cancer genetics and personalized medicine. Her work has had a significant impact on the treatment of breast cancer, particularly in women of African descent. While her achievements are a source of pride for Nigeria, they also underscore the loss of talent that could have contributed to the development of medical research and education within the country.
The technology sector provides another striking example of brain drain. Iyinoluwa Aboyeji, a Nigerian entrepreneur, co-founded Andela, a company that trains software developers in Africa and connects them with global tech companies. Despite the success of Andela, Aboyeji eventually left Nigeria for Canada, citing the challenging business environment and the lack of support for entrepreneurs in Nigeria. His departure, along with that of many other tech innovators, highlights the obstacles that prevent Nigeria from fully capitalising on its talent pool.
 
Finally, the story of Chimamanda Ngozi Adichie, one of Nigeria’s most celebrated authors, reflects the cultural impact of brain drain. Although Adichie has gained international acclaim for her novels and essays, much of her work has been produced while living abroad. Her decision to leave Nigeria was driven in part by the limited opportunities for writers and intellectuals within the country. While she continues to engage with Nigerian issues through her writing, her physical absence from the country represents a loss of cultural and intellectual leadership that could have contributed to Nigeria’s literary and artistic development.
 
Potential Solutions and the Role of Policymakers
Addressing the issue of brain drain in Nigeria requires a multifaceted approach that tackles both the push and pull factors driving emigration. Policymakers must first focus on improving the economic conditions within the country. This involves creating an enabling environment for businesses, reducing unemployment, and ensuring that wages are competitive with those in other countries. Economic reforms should also include measures to stabilize the currency, control inflation, and attract foreign investment. By improving the economic prospects within Nigeria, the government can make staying in the country a more attractive option for professionals.
Investing in infrastructure and public services is another critical step. The government must prioritise the healthcare, education, and power sectors, ensuring that they are adequately funded and managed. This includes upgrading hospitals and schools, providing continuous training for professionals, and ensuring that essential services such as electricity and clean water are consistently available. By improving the quality of life in Nigeria, the government can reduce the incentive for skilled professionals to seek better conditions abroad.
Addressing insecurity is also paramount. The government must take decisive action to restore peace and stability in all parts of the country. This requires not only military interventions but also efforts to address the root causes of violence, such as poverty, inequality, and social exclusion. Additionally, the government should work to strengthen the rule of law, protect human rights, and ensure that all citizens feel safe and secure within the country. By creating a safer environment, the government can encourage professionals to stay in Nigeria rather than seeking refuge in other countries.
Finally, improving governance and political stability is essential to reversing brain drain. The government must demonstrate a commitment to transparency, accountability, and the rule of law. This includes holding credible elections, combating corruption, and ensuring that public officials are held accountable for their actions. By restoring public trust in government institutions, the government can create a sense of hope and confidence in the future of Nigeria, making it less likely that professionals will want to leave the country.
 
Conclusion
Nigeria’s brain drain crisis represents a formidable challenge, but it is not insurmountable. The country is blessed with an abundance of human talent, but unless it takes urgent action to address the factors driving emigration, it risks losing this valuable resource to other nations. The consequences of brain drain are already being felt across various sectors, from healthcare and education to technology and culture, and these impacts will only deepen if the trend is not reversed. Policymakers must recognise that addressing brain drain is not just about retaining talent; it is about creating a nation where professionals can thrive and contribute to the development of their country. It is about building a Nigeria that offers not just hope, but tangible opportunities for all its citizens.
The call to action is clear: Nigeria’s leaders must prioritize the welfare of their people by creating an environment that fosters growth, innovation, and security. They must invest in the country’s infrastructure, improve governance, and address the economic and social challenges that drive brain drain. By doing so, they can ensure that Nigeria’s best and brightest are not just celebrated abroad but are empowered to build a brighter future at home. The time for action is now; the future of Nigeria depends on it.

***Osadolor, the President,
Nigerian Young Professionals’ Forum (NYPF) writes from Abuja

END

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Opinion

Tax Reforms Bill: Addressing Legacy Laws, Streamlining Administration, and Balancing Derivation Concerns

Published

on

By

Yisa Usman

By Yisa Usman FCA, FCTI

The proposed tax reforms mark a transformative moment in Nigeria’s fiscal evolution, focusing on modernization and addressing challenges rooted in outdated pre-colonial tax laws and redundant systems that burden businesses and individuals. These reforms aim to streamline tax administration and improve Value Added Tax (VAT) processes, providing a pathway toward equitable revenue distribution and fiscal decentralization. However, while the potential benefits are substantial, addressing significant challenges and equity concerns is critical to ensuring the reforms achieve their objectives.

A comparative analysis of Nigeria’s tax system against those of countries like Kenya, the United States, and other nations with comparable political structures reveals stark disparities that emphasize the critical need for reform. These nations have leveraged robust tax frameworks to achieve significant economic growth, foster local economic activities, and ensure a more equitable distribution of national resources, outcomes that starkly contrast with Nigeria’s performance. In Nigeria, outdated legislation, inadequate tax assessment and recovery system, and systemic corruption have created inefficiencies and exacerbated inequalities. The lack of effective mechanisms to optimize tax revenue further hampers the nation’s fiscal sustainability and economic competitiveness, making comprehensive reform an urgent necessity.

Nigeria’s reliance on antiquated tax laws has long hindered administrative efficiency and equitable resource allocation. These reforms seek to modernize the tax framework, aligning it with global best practices to foster economic development and decentralization. Key objectives include streamlining administration to eliminate duplicative tax practices, centralizing data to enhance accuracy in tax derivation and remittance, and empowering states to take greater responsibility for revenue generation and allocation, in line with the principles of fiscal federalism.

The proposed increase in derivation weight from 20% to 60% introduces a dual-edged dynamic. On the one hand, it incentivizes states to boost local economic activities and align revenue allocation with consumption patterns. On the other hand, it raises concerns about exacerbating existing inequalities, with states like Lagos, Ogun, Rivers and Kano poised to benefit disproportionately due to their robust economic bases, while resource-poor states may face disadvantages.

The reforms are supported by compelling arguments, including their potential to decentralize economic development by motivating states to leverage local resources and attract investments. The allocation of a larger revenue share to states promises improved infrastructure and public services, particularly in states that prioritize economic growth. Additionally, by leveraging technology to track consumption patterns, the reforms should enhance transparency and fiscal responsibility.

Nonetheless, the reforms face significant challenges. A heavy reliance on derivation risks marginalizing less affluent states, deepening socio-economic disparities. The reforms’ implementation will require extensive data collection and systemic upgrades, posing logistical and financial challenges. Furthermore, the reduction in population-based allocations from 30% to 20% could generate social and political tensions in densely populated states struggling to meet citizens’ needs.

To balance these opportunities and risks, several recommendations are essential. First, the derivation weight increase should be phased in, starting with a modest adjustment from 20% to say 30%-40%, allowing states and corporations to adapt gradually. Second, a centralized, dynamically updated tax database is critical for accurate derivation tracking and dispute reduction. Third, a revenue equalization mechanism, such as a stabilization fund, can support economically weaker states during the transition. Fourth, capacity-building initiatives should equip state tax authorities with the necessary skills and resources to manage the new system effectively. Fifth, standardized procedures for VAT collection, derivation tracking, and dispute resolution should be established to ensure consistency across states. Finally, fostering public engagement with stakeholders, including state governments, businesses, and civil society, will promote transparency, address concerns, and build collective ownership of the reforms.

These reforms not only resolve immediate administrative inefficiencies but also lay the foundation for a more equitable and sustainable fiscal system. By addressing pre-independence legacy laws and fostering economic accountability, Nigeria has an opportunity to position itself for inclusive growth, ensuring all states contribute to and benefit from national development. However, achieving these outcomes requires a careful balance between incentivizing derivation-based revenue sharing and providing mechanisms to support resource-poor states. With a focus on equity and efficiency, the reforms can establish a tax system that empowers businesses, strengthens states, and improves the living standards of citizens across the federation.

Yisa Usman is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), a Fellow of the Chartered Institute of Taxation of Nigeria (CITN), and a doctoral candidate at the Nigerian Defence Academy, Kaduna

Continue Reading

Opinion

EFCC vs Bello: Trivialising corruption allegations

Published

on

By

By Ehichioya Ezomon

In my November 18, 2024, article entitled, “That ‘fake’ Sanwo-Olu vs EFCC suit: Whodunit it? Who sponsored it?” I held that snapets from the Economic and Financial Crimes Commission (EFCC) moves to investigate, arrest, detain and prosecute ex-governors “are telegraphed a few months or weeks before they bow out of office,” so giving them the jitters to “either begin to express being squeaky clean, alleging political witch-hunt or daring the EFCC to carry out its threat to make them account for their stewardship.” 
I however observed that lately, the anti-graft agency’s threat against former governors “has become mostly academic, and the norm rather than the exception,” adding that, “it appears some ex-governors now relish being dragged by the EFCC, at least, as a way to keeping themselves in the news after missing the years of free spotlighting.”
Former Governor Yahaya Bello of Kogi State has mostly proved these assertions right, even as he finally presented himself to the EFCC for “arrest and detention,” and arraignment and prosecution for alleged looting of Kogi’s resources during his eight-year tenure in office (2016-2024).
For months, Bello’s engaged in a hide-and-seek, only to suddenly show up at the EFCC headquarters in Abuja on September 18, and yet wasn’t booked, interrogated, or detained – as he’s on the wanted list of the agency and the courts – but with the commission reportedly asking him to leave and come back at a later date. Why?
EFCC’s intel reportedly indicated that Bello’s prepared for a showdown, having allegedly stormed the premises with armed details. Thus, the authorities tactically allowed him to while away for hours in one of the offices. Indeed, EFCC’s later efforts that night to arrest Bello at the Kogi State Government Lodge in Asokoro, Abuja, were allegedly thwarted by his armed guards.
Bello, facing a couple of EFCC’s alleged fraudulent cases in courts in Abuja, continued in his disappearing act, while the commission failed in its attempts to force his trial – in absentia – before Justice Emeka Nwite on October 30 at the Federal High Court in Abuja, where Bello’s facing a 19-count charge for alleged laundering of N84bn.  
But on November 26, Bello – billed for arraignment since April 2024 – reappeared at the EFCC headquarters in Abuja, and this time, the agency “detained” him overnight in the facility he’d avoided for months, as he shunned invitations and court summons to answer for his alleged looting of resources during his governorship of ‘The Confluence State’.
And on November 27, the EFCC arraigned Bello and two others – Shuaibu Oricha and Abdulsalam Hudu – before Justice Maryanne Anenih of the Federal Capital Territory (FCT) High Court in Maitama, Abuja, on a 16-count charge for conspiracy, criminal breach of trust and possession of unlawfully-obtained property, amounting to N110.4bn.
After some legal fireworks over bail for the three defendants between the lead counsel for the accused, Joseph Daudu (SAN) and the EFCC, Kemi Pinheiro (SAN), Justice Anenih adjourned ruling on the application to December 10, and directed that the defendants should remain in the EFCC custody.
This notwithstanding the EFCC administrative bail granted to Oricha and Hudu, which Pinheiro argued had expired in October, but with Daudu pointing to a fresh application of November 22, based on the fact that the defendants deserve their liberty on the presumption of innocence until they’re proven guilty, as alleged.
Meanwhile, Bello certainly was in a celebratory mood when – for the first time in over seven months of a cat-and-mouse game with the EFCC – he’s docked for the alleged N110.4bn theft of Kogi’s resources. Dressed in a pair of contact lenses, and a light sky-blue attire, Bello, amidst a throng of aides and political associates,  walked energetically through the expansive premises and into the courtroom of the FCT High Court.
As he covered the distance from the parking lot to the courtroom, Bello’s all smiles – as he turned right and waved with the right hand, and then turned left and waved with the left hand – to acknowledge greetings and cheers from his supporters, many of whom sandwiched him into the court, where he continued to return courtesies even while in the dock to plead not guilty to the charges preferred against him.
Perhaps to Bello, his arraignment was a moment to savour, and bask in the frenzy of journalists and EFCC’s operatives scrambling to capture and record his every posture and every gesture as evidence, and for prime-time broadcast and publication in the mainstream and online media.
A similar scenario played out on November 29, at the Federal High Court in Abuja, where Bello couldn’t take his plea, and had to “stand for himself” in the absence of his lead lawyer in the suit, Abdulwahab Mohammed (SAN).
With well-armed security operatives falling over themselves to dominate the court premises, Bello, with a more somber mien this time, and accompanied by aides, supporters and operatives of the EFCC, still walked briskly into the courtroom, with the door quickly closed behind him. 
Once inside, as reported by PUNCH ONLINE, Bello told trial Justice Emeka Nwite that he won’t take any plea, as he’s only made aware of his arraignment in the night of November 28, and couldn’t get across to his lawyer, Mohammed (SAN). This prompted the judge – in the interest of fair hearing – to order that Mohammed be put on notice for the adjourned date of December 13, and for Bello and his co-defendants to be reminded in the EFCC custody.
The EFCC lawyer, Pinheiro (SAN), attempted to convince Justice Nwite to commence the trial without Bello’s counsel, arguing that, “What the law requires is the presence of the defendant, not the presence of his lawyers.” 
This was reportedly a rehash of a similar argument at the sitting on October 30, when Pinheiro requested that the court proceed with the trial. Noting that two witnesses were present and ready to testify,” Pinheiro suggested that the “court enter a plea of not guilty on Bello’s behalf and commence the trial.”
But as in that prior instance, the judge turned down Pinheiro’s entreaty on November 29, citing Bello’s right to a fair hearing, and reminding the EFCC lawyer that, at the October court session, the matter was adjourned to January 21, 2025.
“The matter came up on the 30th of October 2024. It was adjourned to 21st January 2025. From the statement of the defendant, his lawyers are not aware of today’s (November 29) date. In the interest of fair hearing, I will not proceed for arraignment,” Justice Nwite said.
“This matter is peculiar in the sense that we have already agreed on a date, which is in January. It will be unfair if the matter is taken without the defendant’s counsel. It would be a different thing if the defendant had no counsel.
“Since the defendant has said his counsel is not aware of today’s proceeding, I am of the view that a bench warrant cannot be sacrificed on the altar of fair hearing. The defendant deserves to be represented by counsel,” the judge added.
After the court waited for 45 minutes, “but with no sign of the defence counsel,” Justice Nwite adjourned the matter, directed that Bello remain in the EFCC custody until the next hearing on December 13, and granted Pinheiro’s application for “new date hearing motions and possible arraignment to be served on the defendant’s counsel.”
As the clock ticks towards December 10 at the FCT High Court, and December 13 at the Federal High Court both in Abuja, will Bello and his co-defendants get a bail reprieve, or be further remanded in the EFCC custody, or sent behind bars at one of Nigeria’s capital city’s jail houses, to spend the Yuletide season there? Such would be a canny experience the ex-governor had fought strenuously for months to avoid!

Mr Ezomon, Journalist and Media Consultant, writes from Lagos, Nigeria. Can be reached on X, Threads, Facebook, Instagram and WhatsApp @EhichioyaEzomon. Tel: 08033078357

Continue Reading

Opinion

Nigeria’s Economic Paradox: A Growing GDP Amidst Widespread Suffering

Published

on

By

Peter Ameh

By Chief Ameh Peter

The National Bureau of Statistics (NBS) recently reported that Nigeria’s GDP grew by 3.46% in the third quarter of 2024. At first glance, this appears to be a promising sign of economic progress. However, the harsh realities on the ground paint a vastly different picture. Widespread hunger, inflation, unemployment, and deteriorating infrastructure reveal a nation grappling with severe economic distress.

The contrast between these glowing statistics and the lived experiences of Nigerians is stark. National grid collapses have become routine, and the condition of roads continues to worsen, with potholes increasing by 100%. Meanwhile, the naira’s value plummets, eroding the purchasing power of ordinary citizens. These realities starkly contradict the optimistic narrative suggested by the NBS figures.

As Benjamin Disraeli aptly put it, “There are three kinds of lies: lies, damned lies, and statistics.” This sentiment rings true in Nigeria’s case, where the government’s reliance on statistical data obscures the suffering of its people. The reported GDP growth is, in reality, a statistical mirage that conceals systemic failures.

At the heart of Nigeria’s economic challenges lies a deeply flawed political system. This system enables incompetent and dishonest individuals to manipulate the electoral process, ascend to power, and perpetuate a culture of corruption, cronyism, and mismanagement. These issues have stifled genuine economic progress and development.

To address these challenges, Nigeria must embark on comprehensive economic reforms focused on transparency, accountability, and good governance. Cost-cutting measures and investments in critical infrastructure—such as roads, electricity, and healthcare—are essential to creating an environment conducive to sustainable economic growth. No country can prosper without reliable power and infrastructure.

Nigeria’s economic paradox serves as a sobering reminder of the urgent need for reform. It is imperative to end the election of incompetent leaders and prioritize national interest over personal gain. The government must move beyond statistical manipulation and focus on fostering an economy that benefits all Nigerians. Only through such genuine efforts can the promise of economic growth become a reality for everyone.

Chief Ameh Peter is the
National Secretary, CUPP
Former National Chairman, IPAC and
Ex-Presidential Candidate

Continue Reading

Trending

Copyright © 2024 National Update