Opinion
Re-Inventing The Middle Class
It is acknowledged globally that every society has a division of classes that indicate the social and economic standing of the citizens particularly those who are in the productive class.
Society is divided into three major classes: upper, middle and lower classes. In some countries like the United States of America (USA), each class has sub-divisions. Others have more or less. Class stratification, to a very large extend, depends on the viability of the economy of a nation.
However, it is sad to note that Nigeria, which once had three district classes, can no longer talk about class distinction. Owing to the drastic decline in the standard of living in the country, what used to be known as the middle class has disappeared? We are now left with the upper and lower classes. The middle class is completely extinct. The lower class is also under the threat of being obliterated.
To what do we attribute the anomaly? For me, the entire problem is caused by the high level of corruption in the system. Corruption perpetrated by the corrupt upper class prevents the distribution of wealth to members in the other social classes. This leads to their strangulation and eventual death.
A nation that is without the middle class cannot pride itself as an economic giant. This is because the middle class is considered the productive class. The upper class, in my view, is simply the consuming class. While the lower class is where the artisans are found.
It, therefore, sounds ironical for any nation to pride itself an economic giant without the middle class. Nigeria clearly falls in this category. The Federal Government has always told Nigerians that the nation’s foreign reserve appreciates without commensurate effect on the citizens. It is indeed disheartening and even disgusting that our economy planners think it is how much the nation has in foreign reserve that determines its economic standing.
Nigeria is not a productive nation but a consuming one. We have an economy that consumes something as minute as toothpick which can be produced here. This results in the circulation of too much money in the system. And this money is particularly in the hands of the upper class. Financial control mechanism is almost non-existent. That might account for the extinction of the coin currency.
If our economy must return to its prosperous era, we need the re-introduction of the middle class. With the presence of the middle class, the so-called economic growth which the Federal Government touts about will impact on Nigerians. Without it, any form of economic growth will be a mere assertion on the paper.
It is sad that industries that once prospered and employed several labour in the country have relocated to neighbouring countries. Poor infrastructure and other factors that are not conductive to business are the factors responsible for the flight. Truly, the managers of our economy have failed to establish a nexus between this development and economic growth. Any industry that closes and re-locates to another country further obliterates the potential existence of the middle class. When there are no industries for the middle class to work, how would the economy grow?
That is why the middle class has to be re-established. One way of ensuring this is through the establishment of industries. We have to revive moribund industries and attract investors to the country. At this stage, planners of our economy have to do some studies on how some of the industries like the textile industry can be established and sustained. Bad roads and poor electricity are prevailing issues in the country that can no longer be ignored.
Also, the current effort at reviving agriculture has to be sustained. The reason is that agriculture is not only the largest employer of labour, it also generates wealth. If the sector is fully developed, it might re-establish the middle class, among other factors.
Any economic policy of the government at this point in our existence must be aimed at re-creating the middle class. Indeed, this class has been in extinction for too long. The earlier it is re-established, the better for our socio-economic growth.
Ogwuonuonu resides in Port Harcourt.
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