For Nigeria to advance, we need fundamental reforms. Yes, I do think we need to push the nation through policies to redesign the architecture of our economy, out of the SAP mindset of the late 1980s, where we created finance houses and banks, over building and running factories. Under our current model, Nigeria has no chance because a finance-first strategy is an illusion because every financial engineering has an expiry date. We need a production-first economic blueprint because every great nation has advanced through that model.
If you combine the market capitalisations of the top ten American banks, Microsoft can buy all of them and still have a change. Yes, while we respect those big US banks like Goldman Sachs, JP Morgan, etc, what drives America is their industries. Yes, at the core of America is a production-first economic blueprint and not a finance-first.
Nigerian policymakers must return Nigeria to the 1957-1965 manufacturing era where we were recognized as one of the finest productive economies in the world.
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For Nigeria to advance, we need fundamental reforms. Yes, I do think we need to push the nation through policies to redesign the architecture of our economy, out of the SAP mindset of the late 1980s, where we created finance houses and banks, over building and running factories.… pic.twitter.com/CHPLGiunrV
— Ndubuisi Ekekwe (@ndekekwe) March 2, 2024
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