ADAMAWA: Wealth right under our feet (3)

For a long time domestic and international observers in politics and socio-economy have been offering analysis that will influence the handlers of our prosperity to diversify our Country’s economy. They have foreseen the widening tear in the mono-economy which relies heavily on oil; from a little tear it has become in shreds. Dwindling oil reserves, falling markets, oil theft and massive corruption seems to be some contending forces dragging the economy to doldrums.   


Ironically even with the World Bank consultants running the economy in Nigeria, they have woefully failed to be proactive in slowing down the ‘free negative sliding’ of the economy. For this, they have received a series of knocks on the head.   


Atiku Abubakar, a leading presidential aspirant in Nigeria criticised the recent austerity measures announced by the Central Bank of Nigeria (CBN), saying “We should no longer continue to build our castle in the air” referring to the proposed crude benchmark of $78.   


The former Vice President, an indigene of Adamawa State, almost shared our thought when he remarked that “Creating an export oriented agricultural market is the best way to improve productivity, strengthen farmers income, ease rural employment, reduce poverty and forestall rural-urban migration” this has really nailed the crux of the matter in the head.  


 The handlers of Nigeria’s economy have consistently chosen to copy a selective portion of what creates real growth in economies. Individual States in Nigeria must pursue robust opportunities in agriculture, IT and production.   


The Bureau for Economic Analysis, for instance, stated that New York was the largest Economy within the USA during the 17th, 18th, and 19th Centuries. It went further to say that “If New York were a nation, it would rank as the 16th largest economy in the world”   


I still insist that Adamawa State, North East Nigeria, must as a matter of urgency, reorganise herself in partnership with wealthy individuals, to bring up a road map for industrializing the structure of the State.    

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