The history of money is not synonymous with the history of the economy and its nature. Man is one of two creations of God, and man made his own to make life easier and to order human lives. In conclusion, the historical summary of this nation’s knowledge from primary and secondary sources recounted by many elite and trained historians demonstrates that the table will undoubtedly be excrement from the other side, potentially leading to the undergrowth of her economy. The new president was elected, and the main focus of his public speech to the nation was to improve the economy.
Do you know that the previous administration constantly addressed the issue and even drafted a remedy for the country’s economic growth? The point is, why are all of these speeches that have been made into laws ineffective in improving the country’s economy? Is it a political manifesto from politicians to win the hearts of the people, even if the people come with the rationale of “We are not voting by party, we are voting in person who is capable of representing”? Still, the chosen one abandons the objective for which he or she was voted by the people, which is known as democracy.
The Nigerian election political campaign is always a smoke screen that is not worth embracing or discussing. The country’s democracy has been jeopardized by inept rulers from various geopolitical zones, including indigenous representatives from each of the 36 states (Governors). Is my country’s economy worth discussing?
I sincerely appreciate those who accept democracy in their government, especially those who view things from the opposite side and have benefited from it. Good day, Nigerians. Democracy in the country has been hijacked.
What exactly is democracy?
Yes, even in today’s modern educational system, basic or elementary school students are taught briefly and simply about the nature of democracy. This improves and enables the youngster to articulate and defend himself/herself in public, as is common in poor countries. At senior secondary level 1, I learn about the nature of democracy, which prepares me to exercise my first franchise in the country’s presidential, senatorial, and governorship elections in 2015. During this time, all Nigerians actively and purposefully vote out His Excellency’s government. Good luck, Jonathan, as the political system is changing. I voted for the APC government, and the candidate is His Excellency Mohammad Buhari, because I wanted to reform the country.
Nigerians joyously applauded the new administration in 2015, after purely democratic elections were held. This is when I began to believe in the nature of democracy. It is the government of the people, by the people, and for the people, according to Abraham Lincoln. Lincoln was the man who ended African slavery in the world today. Democracy, on the other hand, is defined as a form of governance in which citizens vote for their representatives from their constituencies during the election process.
Democracy means rule by the people. There are different ways this can be done: People meet to decide about new laws and changes to existing ones. This is usually called direct democracy. The practice of exercising your franchise alters the government structure to return what the citizens desire.
The character of the Nigerian economy from 2019 to 2023 is not worth discussing in public or in international forums. The mechanism adopted by the government for the growth of the country’s economy has a significant negative impact on economic growth. This caused her citizens to endure in misery, unable to glimpse the light of salvation. This is where the saying “Our vote doesn’t count” comes in. There is no need to vote because democracy has been hijacked by an unknown elite aiming to test political power without comprehending its roots and origins. As a result, I did not vote in the general election in 2023.
What is the relationship between democracy and the economy?
When an effective mentor (leader) guides the apprentice through the trading process, the financial standing of each apprentice varies by the learner by about 70%. Good administration elevates a nation’s economic standing to the highest degree, creating a wealth of employment opportunities for its citizens. Currently, you automatically become a public servant when you represent the people. A representative to develop and liberate the area and bring back good news. Money cannot alter a country’s standard of living; rather, a nation’s progress is fueled by the leader’s positive outlook. For the benefit of her people, this is the process where pragmatism, meritocracy, and governance are voted in to modify the system and promote fresh growth. The government and electoral processes serve the interests of the people. How many times has the Nigerian government actually listened to what you had to say or shown concern for the welfare of its citizens?
Democracy has a significant positive impact on a nation’s economic development since it causes the outside world to start paying attention to it, which may draw in international investors. Economic democracy growth statistics show that businesses in the nation don’t actually do well because there isn’t any genuine economic growth. The lack of democracy in the system of government causes the government to suffer, which has a negative impact on the expansion of the economy. The greedy rulers who don’t understand the history and purposes of democracy seized control of both democracy and economic development.
To win over its citizens’ hearts and minds, the new government proposes to alter and remain unchanged while adopting new laws, yet, to be honest, the Nigerian economy cannot be freed from the control of the current administration because those in charge and those in charge are made up of consumers. The percentages of consumers that steal and loot are entirely in the hands of the authorities. How do you want them to determine, in the end, what will spur the expansion of the national economy?
In conclusion, the Nigerian government is sympathetic to the plight of the populace.
