Monday 18 December 2017

Opinion: Mathias Tsado and the challenge to fix Nigeria’s economy - by Francis Onyema

 Recently Nigeria demanded an immediate restructuring and expansion of the UN Security Council (UNSC) permanent membership to correct the injustices meted out against Africa in the composition of the prestigious 15-member body.

Whereas this call may sound morally right, what we must realize is that like freedom, power is not given, it is fought for. The UNSC permanent members represent the five great powers considered to be the victors of World War II. China, France, Russia, United Kingdom and the US are States that had vigorously developed and diversified their economies to transcend the global power hierarchy. These are States whose economic policies typifies the advancement in technology and improvement in their armaments. They are States who realize that power is the ultimate determinant in human society and implies the ability to defend one's interests and if necessary to impose one's will by any means available.

Thus, we must realize that just as it is difficult for the Western capitalists to freely transfer technology to African States, a mere moral outcry for the restructuring of the UN Security Council permanent membership to accommodate an African State cannot be fruitful without “manoeuverability in bargaining”. The task of the present and emerging African leaders is to improve the African States “bargaining power” in the scheme of global politics. Mathias Tsado, 40, who's vying for presidency in the 2019 Nigerian General Elections, understands this.

Tsado opines that for Nigeria to become a world power, it must pursue a productive economy which shall be predicated upon the innovative and creative capacities of our people, to harness Nigeria's natural resources and transform them into finished products. The Niger State born entrepreneur canvasses for a “Make in Nigeria" economic policy that would displace the import based economic system in place in order to redress the economic vulnerability that has made our nation worse off.



Mathias Tsado’s economic policy is predicated on the need for every goods consumed by Nigerians to be produced in the country. His idea reflects that for Nigeria to develop industrially and tackle the rate of unemployment that has ravaged the nation, there's the need to strategically manoeuvre foreign companies to produce most of the Nigerian consumed goods within the country while encouraging local production and industrial growth.

Tsado believes just like China, Singapore and India, Nigeria must evolve it's economic policies around the population strength of the country by advocating a self determined policies such as the “Make in Nigeria” policy.

In evaluating Mathias Tsado’s economic policy, the “Make in Nigeria” dogma is capable to engineer Nigeria’s economic bearing by first redressing the consumerist plight that plagued the nation's industrial revolution. Other benefits would be the creation of jobs, improved GDP, balance of trade, improved standard of living and generally sophisticated economy. The gradual process of technological advancement starts with industrialization and it is only through technology Nigeria can favourably bargain its relevance in the committee of nations.

Mathias Tsado accepts this challenge.

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