Opinion
Harnessing Economic Potentialities For Development
Every nation around the world has an economy which drives the decision of policy markers. At the same time, every government is driven by the desire to create a growing and more stable economy.
Economic growth being an increase in the amount of goods and services produced per head is conventionally measured by the percentage rate increase in the real Gross Domestic Product (GDP) usually in per capita terms or by an outward shift in the economy’s productive possibilities frontier (PPF). This can only be achieved through effective exploitation and processing of the country’s natural resources.
Nigeria’s portfolio of natural resources has at least 44 known mineral assets that include precious minerals, base metals, bulk minerals and what we presently call earth minerals. The most beneficial solid minerals are scattered all around the nation.
Before the advent of oil exploration and production in Nigeria, specifically, during the colonial era and up to a decade after independence, Nigeria carried out extensive geological surveys and had a good idea of the extent of her mineral reserves. The country had a plan of putting such assets to work alongside private enterprise. The proceeds of such ventures were put to good use and consequently used in the building of some of the public infrastructures in Nigeria. For instance, the agricultural proceeds from cocoa was used to finance education and infrastructures in western Nigeria.
After the Civil War in 1970, Nigerian government ignored the vast resources at her disposal and concentrated all attention on crude oil production. Worst is the fact that the country produced crude oil and sold it to other countries without processing it to extract other bi-products which could be harnessed from crude oil, thereby making Nigeria a handicapped farmer who harvest cassava, sells it in the market and in turn uses the money to buy garri. Yet, Nigeria made a lot of money accruing from the crude oil business.
Between 1973 and 1978, during the oil boom, oil revenue rose quickly to more than 90 per cent of Nigeria’s revenue. Good business I must say, but the mismanagement and embezzlement associated with past administrations, especially during the military junta put the country in unprecedented indebtedness in the early 1980s. Successive governments inherited this debt which led to the slow pace of economic growth and development in the country.
The price of crude oil dropped in 2008, thus putting the country in severe economic danger. But why should the drop in the price of crude oil affect the economy of country that is so naturally blessed like Nigeria? The answer is simple. It is because the country’s economy is one dimensional. Crude oil is the only mainstay which decides the country’s GDP, hence the economic recession we recently experienced.
Today, we are facing a future in which crude oil either ceases to be a strategic resource, or one in which our status as a producer of oil becomes irrelevant in our quest for economic advancement with the international economic environment.
The knowledge of this vicissitude of economic advancement made the immediate past and the present administration to roll out plans to diversify the economy especially to agriculture. This is a step in the right direction capable of rescuing Nigeria’s economy from peril.
However, agriculture alone cannot give Nigeria’s economy the sustainable resurrection it deserves. Other channels of economic progression need to be explored.
There abound a lot of economic potentials in Nigeria as stated above which have not been exploited. In fact, there exists geographical evidence that proves that every zone, region and state in Nigeria has something to bring to the table.
Individual state governments should, in their budgets, make it a priority to exploit the natural resources of their states and pay less attention to federal allocation from Abuja. There is a need for the state governments to look inwards and harness their resources for the growth and advancement of the economy. Mining asset, for instance, which has not been exploited, is a practical example.
Exploitation of natural resources by individual states can attract investors, create jobs and bring development to the state. But it must be stated that it is a capital project that cannot be completed in just one tenure. Therefore, Nigerian government should imbibe the culture of continuity. Government should be a continuum and not a laboratory for project experimentation.
Successive governments should start completing developmental projects started by previous administrations before rolling out new ones. By so doing, Nigeria will start making economic progress and stop running round circles without having infrastructural development direction.
In conclusion, the present administration in the country should take a bold step towards building infrastructures that will be instrumental in the processing and extraction of the numerous bi-products of crude oil. This will help us to fight poverty and economic dependence on other nations.
It is high time we stopped selling our pregnant mothers only to use the proceeds to buy children. National development is not a dream far-fetched or near impossible. Our leaders need to think towards identifying our individual state potentials and harnessing them to improve our GDP and create room for development. We are tired of paper promises and unfulfilled manifestoes. Posterity is watching and waiting.
Mgboh writes from Port Harcourt.
Goodluck Mgboh
Opinion
Empowering Youth Through Agriculture
Quote:”While job seeking youths should continuously acquire skills and explore opportunities within their immediate environment as well as in the global space through the use of digital platforms, government, corporate/ multinational organizations or the organised private sector should generate skills and provide the enabling environment for skills acquisition, through adequate funding and resettlement packages that will provide sustainable economic life for beneficiaries”.
The Governor of Rivers State, Sir Siminalayi Fubara, recently urged youths in the Rivers State to take advantage of the vast opportunities available to become employers of labour and contribute meaningfully to the growth and development of the State. Governor Fubara noted that global trends increasingly favour entrepreneurship and innovation, and said that youths in Rivers State must not be left behind in harnessing these opportunities. The Governor, represented by the Secretary to the State Government, Dr Benibo Anabraba, made this known while declaring open the 2026 Job Fair organised by the Rivers State Government in partnership with the Nigeria Employers’ Consultative Association (NECA) in Port Harcourt. The Governor acknowledged the responsibility of government to create jobs for its teeming youth population but noted that it is unrealistic to absorb all job seekers into the civil service.
“As a government, we recognise our duty to provide employment opportunities for our teeming youths. However, we also understand that not all youths can be accommodated within the civil service. This underscores the need to encourage entrepreneurship across diverse sectors and to partner with other stakeholders, including the youths themselves, so they can transition from being job seekers to employers of labour,” he said. It is necessary to State that Governor Fubara has not only stated the obvious but was committed to drive youth entrepreneurship towards their self-reliance and the economic development of the State It is not news that developed economies of the world are skilled driven economies. The private sector also remains the highest employer of labour in private sector driven or capitalist economy though it is also the responsibility of government to create job opportunities for the teeming unemployed youth population in Nigeria which has the highest youth unemployed population in the subSahara Africa.
The lack of job opportunities, caused partly by the Federal Government’s apathy to job creation, the lack of adequate supervision of job opportunities economic programmes, lack of employable skills by many youths in the country have conspired to heighten the attendant challenges of unemployment. The challenges which include, “Japa” syndrome (travelling abroad for greener pastures), that characterises the labour market and poses threat to the nation’s critical sector, especially the health and medical sector; astronomical increase in the crime rate and a loss of interest in education. While job seeking youths should continuously acquire skills and explore opportunities within their immediate environment as well as in the global space through the use of digital platforms, government, corporate/ multinational organizations or the organised private sector should generate skills and provide the enabling environment for skills acquisition, through adequate funding and resettlement packages that will provide sustainable economic life for beneficiaries.
While commending the Rivers State Government led by the People First Governor, Sir Siminilayi Fubara for initiating “various training and capacity-building programmes in areas such as ICT and artificial intelligence, oil and gas, maritime, and the blue economy, among others”, it is note-worthy that the labour market is dynamic and shaped by industry-specific demands, technological advancements, management practices and other emerging factors. So another sector the Federal, State and Local Governments should encourage youths to explore and harness the abounding potentials, in my considered view, is Agriculture. Agriculture remains a veritable solution to hunger, inflation, and food Insecurity that ravages the country. No doubt, the Nigeria’s arable landmass is grossly under-utilised and under-exploited.
In recent times, Nigerians have voiced their concerns about the persistent challenges of hunger, inflation, and the general increase in prices of goods and commodities. These issues not only affect the livelihoods of individuals and families but also pose significant threats to food security and economic stability in the country. The United Nations estimated that more than 25 million people in Nigeria could face food insecurity this year—a 47% increase from the 17 million people already at risk of going hungry, mainly due to ongoing insecurity, protracted conflicts, and rising food prices. An estimated two million children under five are likely to be pushed into acute malnutrition. (Reliefweb ,2023). In response, Nigeria declared a state of emergency on food insecurity, recognizing the urgent need to tackle food shortages, stabilize rising prices, and protect farmers facing violence from armed groups. However, without addressing the insecurity challenges, farmers will continue to struggle to feed their families and boost food production.
In addition, parts of northwest and northeast Nigeria have experienced changes in rainfall patterns making less water available for crop production. These climate change events have resulted in droughts and land degradations; presenting challenges for local communities and leading to significant impact on food security. In light of these daunting challenges, it is imperative to address the intricate interplay between insecurity and agricultural productivity. Nigeria can work toward ensuring food security, reducing poverty, and fostering sustainable economic growth in its vital agricultural sector. In this article, I suggest solutions that could enhance agricultural production and ensure that every state scales its agricultural production to a level where it can cater to 60% of the population.
This is feasible and achievable if government at all levels are intentional driving the development of the agricultural sector which was the major economic mainstay of the Country before the crude oil was struck in commercial quantity and consequently became the nation’s monolithic revenue source. Government should revive the moribund Graduate Farmers Scheme and the Rivers State School-to-Land agricultural programmes to operate concurrently with other skills acquisition and development programmes. There should be a consideration for investment in mechanized farming and arable land allocation. State and local governments should play a pivotal role in promoting mechanized farming and providing arable land for farming in communities. Additionally, allocating arable land enables small holder farmers to expand their operations and contribute to food security at the grassroots level.
Nigeria can unlock the potential of its agricultural sector to address the pressing needs of its population and achieve sustainable development. Policymakers and stakeholders must heed Akande’s recommendations and take decisive action to ensure a food-secure future for all Nigerians.
By: Igbiki Benibo
Opinion
Of Protests And Need For Dialogue
Quote:“.Across Abuja, Anambra, and Lagos, a common thread emerges: a disconnect between authority and empathy. Government actions may follow policy logic, but citizens respond from lived experience, fear, and frustration. When these realities collide without dialogue, the streets become the arena of engagement”
It was a turbulent week in the country, highlighting the widening gap between government intentions and public perception. From Abuja to Anambra and Lagos, citizens poured into the streets not just over specific grievances but in frustration with governance that often appears heavy-handed, confrontational, or insufficiently humane. While authorities may genuinely act in the public interest, their methods sometimes aggravate tensions rather than resolve them.
In Abuja, the strike by workers of the Federal Capital Territory Administration (FCTA) and the Federal Capital Development Authority (FCDA) under the Joint Union Action Committee (JUAC) brought the capital to a near standstill. Their demands included five months’ unpaid wages, hazard and rural allowances, promotion arrears, welfare packages, pension and National Housing Fund remittances, and training and career progression concerns. These are core labour issues that directly affect workers’ dignity and livelihoods. Efforts to dialogue with the FCT Minister reportedly failed. Even after a court ordered the strike to end, workers persisted, underscoring the depth of discontent. Threats and sanctions only hardened positions.
The FCT crisis shows that industrial peace cannot be enforced through coercion. Dialogue is not weakness; it is recognition that governance is about people. Meeting labour leaders, listening attentively, clarifying grey areas, and agreeing on timelines could restore trust. Honesty and negotiation are far more effective than threats.
In Anambra, protests by Onitsha Main Market traders followed the government’s closure of the market over continued observance of a Monday sit-at-home, linked to separatist agitation. Governor Chukwuma Soludo described compliance as economic sabotage, insisting Anambra cannot operate as a “four-day-a-week economy.” While the governor’s concern is understandable, threats to revoke ownership, seize, or demolish the market risk escalating tensions. Many traders comply out of fear, not ideology. Markets are social ecosystems of families, apprentices, and informal networks; heavy-handed enforcement may worsen resistance. A better approach combines persuasion, dialogue with market leaders, credible security assurances, and gradual confidence-building. Coordinated political engagement with federal authorities could also reduce regional tensions.
In Lagos, protests erupted over demolition of homes in low-income waterfront communities such as Makoko, Owode Onirin, and Oworonshoki. The state defended these actions as necessary for safety, environmental protection, and urban renewal. While objectives are legitimate, demolitions drew criticism for lack of notice, compensation, and humane resettlement. Urban development without regard for human consequences risks appearing elitist and anti-poor. Where demolitions are unavoidable, transparent engagement, fair compensation, and realistic relocation must precede action to maintain public trust and social stability.
Across Abuja, Anambra, and Lagos, a common thread emerges: a disconnect between authority and empathy. Government actions may follow policy logic, but citizens respond from lived experience, fear, and frustration. When these realities collide without dialogue, the streets become the arena of engagement.
Democracy cannot thrive on decrees, threats, or bulldozers alone. Leaders must listen as much as they command, persuade as much as they enforce. Minister Wike should see labour leaders as partners, Governor Soludo must balance firmness with sensitivity, and Lagos authorities should align urban renewal with compassion and justice. Protests are signals of communication failure. Dialogue, caution, and a human face in governance are not optional—they are necessities. Police and security agencies must respect peaceful protest as a constitutional right.
By: Calista Ezeaku
Opinion
Empowering Youth Through Agriculture
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