From the previous post,we made it abundantly clear that the problem is with us the citizens.We could make things happen irrespective of the person in power.The Dollar problem is an economic problem not political.Today,we are discussing the solutions Insha Allah.
What can We do About it???
The answer to the question is pretty simple.But,like I said in the previous post,it somewhat lengthy.However,I shall just be brushing through them.
There is a 3-steps solution to our economic problems.They are the DEFINITION,PLANNING AND EXECUTION steps.
Definition
This is the first step in every major project in life.We need to first of all get it right in terms of what we need,to what extent we want to go and when we want it done.In this case of ours - curtailing the fall of the Naira and adding value to it.
We want the Naira to stabilize against the Dollar,we would want to go as far as making the Naira equal to the Dollar (for now) and we want it done ASAP...latest,by the year 2020.
Planning
During the planning step,our line of action shall be guided by the definition we have made above.Stabilizing the Naira require us to reduce,drastically,our rate of importation to only those things we don't produce at all in the country.
For instance,the importation of staple foods like rice,beans,fish,chicken among other stuffs we produce in the country should be gradually discouraged.This can be done by US the citizens NOT the government.All we gotta do is to buy more of those products that are produced within the country DESPITE their flaws.
In that way,we would be putting more money into the hands of our local producers to produce more,it would also serve as an inducement to local investors to put more money into the Economy.It would also translate to employment generation for so many and a mass emigration back to farm to produce more food and raw materials for such industries as the textile industries!
This is why I'm so happy when the present regime promised to focus on the Agricultural sector as a savior of our economy.Let them meet you and I in the place,don't wait on the government...I personally believe more on the might of the citizenry than that of the government and that is because,the government,to me,is a mere reflection of the people of a country.If the people are good,the country would be,(we are good,aren't we?) and where the reverse is the case,please,don't expect Saints to rule in the city of Devils!
If we,the people would change our taste,place more value on what are made in Nigeria over those from foreign lands,the Government has no choice but to follow suit!After all,they'll need our votes to stay in power,won't they?If we make a strong statement with OUR ACTIONS AND CHANGE OF TASTE,they would listen and obey!
Another cool thing about the 'change' thing is that with less importation going on,less Naira would have to go abroad,therefore,gradually,less Naira would be available in the international market which means scarcity of the Naira.According to the Supply rule,the lower the Supply,the higher the price!
Nigerians must be encouraged to invest more in the local economy so that production can be increased and consequently,the Naira would gain value not only against the Dollar,but,other major currencies like the British Pound and the Euro!This encouragement comes ONLY from buying more of Naija.Now,the question is,how many of us are patriotic enough to 'change' our taste for the sake of improving our economy...how many???
Execution
Execution is pretty easy once we are able to scale through the planning stage successfully.Some might argue that execution is in fact the problem.We have been made to understand that there have been so many well planned and well articulated blueprints that have been made over the years,but,lack of political will to execute them has been the problem.
While I agree that this is true,I may also wanna argue that some of those blueprints were done without considering the 'Nigerian' factor.
Most of those that were involved in the making of blueprints hardly leave the comfort of their well furnished and air-conditioned offices to have direct contact with those they are making the plans for.Now,tell me,what do you expect of such think tanks...what type of plans do you think they can come up with???
This is the major reason why most of those that managed to come out for execution fail so woefully...the plans are alien to the Nigerian society and those blueprints that never left the planning stage,believe it or not,they were not actually needed,the organization and the whole process of making the blueprint were merely to serve as a 'dummy' to us...they were not meant to be implemented but to douse a possible revolt that was perceived that's all!Oh,how many times over have we fallen for this same old trick of our politicians!
This plans as proposed can only work if we as Nigerians are ready to move forward and stop wasting time on cheap political rantings.If we truly want to make this country work,we need to start working on the 'change' of our taste by buying more of Naija products so as to encourage local producers and manufacturers and at the same time,we would be putting more value on the Naira by making it stay back home!So,stop putting money on importation business,but, on exportation.I rest my case on this matter for now!Thanks for your time!
God Bless Nigeria and Nigerians!!
Ameen!!!
What can We do About it???
The answer to the question is pretty simple.But,like I said in the previous post,it somewhat lengthy.However,I shall just be brushing through them.
There is a 3-steps solution to our economic problems.They are the DEFINITION,PLANNING AND EXECUTION steps.
Definition
We want the Naira to stabilize against the Dollar,we would want to go as far as making the Naira equal to the Dollar (for now) and we want it done ASAP...latest,by the year 2020.
Planning
For instance,the importation of staple foods like rice,beans,fish,chicken among other stuffs we produce in the country should be gradually discouraged.This can be done by US the citizens NOT the government.All we gotta do is to buy more of those products that are produced within the country DESPITE their flaws.
In that way,we would be putting more money into the hands of our local producers to produce more,it would also serve as an inducement to local investors to put more money into the Economy.It would also translate to employment generation for so many and a mass emigration back to farm to produce more food and raw materials for such industries as the textile industries!
This is why I'm so happy when the present regime promised to focus on the Agricultural sector as a savior of our economy.Let them meet you and I in the place,don't wait on the government...I personally believe more on the might of the citizenry than that of the government and that is because,the government,to me,is a mere reflection of the people of a country.If the people are good,the country would be,(we are good,aren't we?) and where the reverse is the case,please,don't expect Saints to rule in the city of Devils!
If we,the people would change our taste,place more value on what are made in Nigeria over those from foreign lands,the Government has no choice but to follow suit!After all,they'll need our votes to stay in power,won't they?If we make a strong statement with OUR ACTIONS AND CHANGE OF TASTE,they would listen and obey!
Another cool thing about the 'change' thing is that with less importation going on,less Naira would have to go abroad,therefore,gradually,less Naira would be available in the international market which means scarcity of the Naira.According to the Supply rule,the lower the Supply,the higher the price!
Nigerians must be encouraged to invest more in the local economy so that production can be increased and consequently,the Naira would gain value not only against the Dollar,but,other major currencies like the British Pound and the Euro!This encouragement comes ONLY from buying more of Naija.Now,the question is,how many of us are patriotic enough to 'change' our taste for the sake of improving our economy...how many???
Execution
While I agree that this is true,I may also wanna argue that some of those blueprints were done without considering the 'Nigerian' factor.
Most of those that were involved in the making of blueprints hardly leave the comfort of their well furnished and air-conditioned offices to have direct contact with those they are making the plans for.Now,tell me,what do you expect of such think tanks...what type of plans do you think they can come up with???
This is the major reason why most of those that managed to come out for execution fail so woefully...the plans are alien to the Nigerian society and those blueprints that never left the planning stage,believe it or not,they were not actually needed,the organization and the whole process of making the blueprint were merely to serve as a 'dummy' to us...they were not meant to be implemented but to douse a possible revolt that was perceived that's all!Oh,how many times over have we fallen for this same old trick of our politicians!
This plans as proposed can only work if we as Nigerians are ready to move forward and stop wasting time on cheap political rantings.If we truly want to make this country work,we need to start working on the 'change' of our taste by buying more of Naija products so as to encourage local producers and manufacturers and at the same time,we would be putting more value on the Naira by making it stay back home!So,stop putting money on importation business,but, on exportation.I rest my case on this matter for now!Thanks for your time!
God Bless Nigeria and Nigerians!!
Ameen!!!
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