Wednesday 20 September 2017

The Nigerian Economy, not as it was.





 
Once open a time, Nigeria’s economy was sustained by Agriculture, long before the discovery of crude oil. The period between 1960 and 1969, the agricultural products generated an average of about 57.0% of GDP and 64.5% of export earnings. I call it THE GREEN PERIOD, the time when amongst the family of ten (10), all other children will sacrifice their privilege in order to send one person, a son to be specific to school, and few others went on scholarship, and upon graduation, companies will come calling for a job offer. A time of low income, when there was little or no competition, people ate natural foods and the environment and society was very fair and of course few businesses or companies were formed. When blood pressure was at the minimum because there were little or no expectations around family and friends, a time of fresh breath and longevity #AgroEra.
 
Generally, every family wants to have a graduate for they believe that it contributes to the growth of an economy, more so, of the family through acquisition of training and skills. Thus education became a price every family wants to pay at all cost. It (education) led the economy to embrace implementation of educational policies affecting primary school, secondary school and tertiary institutions in pursuit of growth and development

By and large, there were only two Universities; University of Ibadan and University of Nigeria Nsukka early 1960 admitting about 1400 candidates for studies across the sub-region.
Crude oil discovery in 1970s brought about the inclusion of seven (7) more tertiary institutions, established between 1970 and 1975 cutting across the sub-region. They (Government) believed education is the key and so they threw away other sectors, agriculture in particular, at this point in time the number of educated elites began to grow rapidly, young adult pulling out of agriculture to pursue the so called education.

In pursuit of education, they failed to realize that education is an aspect of development and not development in entirety, and so we were “educated” but not “developed” and the aim of the intended growth was defeated.
 
In about forty years down the line, the number of accredited universities increased to about 76 universities. Today the number of universities in Nigeria is about 93, excluding polytechnics and college of education. The government keeps accrediting tertiary institutions without creating a corresponding platform to maintain the trained ones (Graduates) because they failed to evaluate the intended impact of education. Finally it got to a point where education lost it values; when supply is greater than demand, the producer’s pocket shrink into a very bad shape, such is a perfect scenario of our education, a case study of the Nigerian economy.

Every year, thousands of Nigerian youth pass out of National Youth Service Corps (NYSC) and after two to three months  or there about of all day sleep at home, they wake up into the real examination of life that school/education did not prepare them for; a friend of mind calls it “REALITY 101”, the beginning of life.

The government shocked me at the NYSC camp when through SAED (Skill Acquisition and Entrepreneurship Development) program; they brought in Artisans (Skilled non-graduates) to teach the graduates skills. And I said oh! They just woke up, they finally realize that while the people where being taught, the graduates lack actual development

Gradually export earning began to decline and between 1970 and late 2000s, the agricultural sector contributed very low to the GDP because Nigeria shifted attention from agriculture and other natural resources to petroleum, exploiting natural resources to it fullness is not a problem, but it becomes an issue when a nation does that at the expense of other resources, other natural resources became orphaned because of crude oil.


The proceeds from crude oil investment should have been used to strengthen other sectors to create more jobs, upgrade the production and processing segments of the agricultural value chain in order to reduce unhealthy competitions from among Nigerians and to boost the GDP and Export earnings but on the contrary, it is evident that the proceeds are not well accounted for simply because, when the purpose of Education is not clearly understood, abuse they say is inevitable. The role of Agriculture in economic growth and development cannot be over emphasized, thus, we lost our green period, the AGRO ERA.

About the Author
Anthony Donatus Ogar is a social media specialist. He is keen on ideal social media activities and optimization. He is the Digital Media Engagement Strategist for Nirmala Chellarams Centre for Entrepreneurship Skills. He enjoys creating meaningful content  

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