Nigeria in the global economy

Nigeria in the global economy

“With each day in Africa, a gazelle wakes up knowing he must outrun the fastest lion or perish. At the same time, a lion stirs and stretches, knowing he must outrun the fastest gazelle or starve. It is no different for the human race. Whether you consider yourself a gazelle or a lion, you simply have to run faster then others to survive” – Mohammed bin Rashid Al Maktoum.

Globalisation has come to stay more so with the information technology lubricating it. Free trade economic policy in the international community has opened all nations into the field of competition. Nations of strength and weakness have been thrown into the same jungle in search of the ultimate: survival and prosperity. It is now a survival of the fittest.

Countries are now in competition with product and services. The best strategies to push excellent and cost efficient products in any available market are utilized to enhance national economic growth, profitable and safe business environment and good standard of living for the citizenry. Countries like the US, China, South Korea, India, Brazil and the United Arab Emirates keep growing all the muscles to survive and prosper in the competitive jungle of globalisation.

Nigeria has once been regarded as the giant of Africa. Some of what actually qualified the nation for the epithet are still existent which include the oil, solid mineral resources and arable land, while the likes of growing industry and human capital development via education are on rapid decline. Due to lack of maximum utilisation all available resources: mineral, human and capital among others, the nation continues to be a victim of consumption of the strong competitors in the global race for survival and prosperity.

The time is long due to wake up, have a clear vision that will be well communicated and understood by all Nigerians home and abroad, the government departments and institutions, civil servants, private sector, professional bodies and educational institutions will have all hands on deck to achieve the survival and prosperity of Nigeria and Nigerians.

Nigeria should never settle for the second place in anything. We should remember in the jungle of globalisation, the lion run very fast not starve but the gazelle run far faster to survive. In the new world, Nigeria has to wake up and take responsibility to grow all the muscles to survive and prosper.

Olusola Akinyemi Esq.

President

Joseph Initiative.