On Nov 21, 2019, I will be speaking in the National Assembly – the Nigerian parliament. You know in my speeches, I have been making a case that Nigeria MUST get to $3 trillion GDP by 2030 (from sub-$500 billion today) if we want to equilibrate on our population growth, and avert pockets of nano-conflicts. Behind the scenes, I have written roadmaps on how we can architect that redesign. This presentation is part of moving to the next phase as the committee I am working is bringing university vice chancellors, business leaders, public sector leaders, etc for a day to examine how to architect growth through industrial reforms.
My optimism in Nigeria is unbounded because we have a solid capability firmware to build an operating system of unconstrained growth which will be felt across industrial sectors! Just think about it: if you put liquidity velocity in all farmlands in Nigeria, you will reduce severe poverty by more than 29% overnight as assets which are dead will suddenly have value to serve the owners!
Yes, those poor people in villages holding large farmlands will become richer. Doing that requires a new roadmap with technology under a governance system which the National Assembly must design and empower by law.
There needs to be new ways to use legislative policies to unlock latent opportunities and unleash growth in this economy.