The solution to the economic crisis is simple and at the same time complicated.Simple cos the examples of how economies have risen are there and complicated because of one major component called people and their motivational factors.
In technicality the simplicity lies in this "if you need jobs you need to create competition. Economies were founded on strategic skills not just things that are needed for export or import. Remember salve trade? it still exists only people aren't in visible chains. The complicated situation is that people don't want to do anything (most of the time its the natives of a given country) need a motivation, sorry sometimes to say a kick in the butt. How about the kick in the gut we are now experiencing?
We have grown into the habit of criticising the governments and systems and begging at the same time from the same governments and systems meanwhile we have abandoned developing strategic skills individually and connecting socially that transform dormant situations into dynamic opportunities. If there is no dynamics it means one needs to shake it up. Invite the foreigners so the natives smell some pain.
The level of interest has been dampened because we have lost trust and hence we don't seek alternatives which gives birth to innovation. We have turned into control freaks and not response teams. Old rules need to be dismantled and a new fuse injected to bring about transformation. Every old house can be made new, and needs to be made new ie reinforcing the foundations that can hold new heights.
Lets imagine Nigeria be shut down deliberately from the world, what would we need to tackle first? Looking at the structure given from the hierarchy of needs physiologically we need to develop Farming, Real estate, Clothing, Education industry areas
Step 2 followed by transportation, security and health and energy industries
I do realise that the energy sector would defend the position that we need energy first but to me the energy sector now as it is is struggling to sustain sales as there is very few areas that require its produce .
We have next to no industries, we don't even have quality specialists to work in those industries. Universities are detached from the business world, hence what ever they study there is irrelevant to the job market, except for the fact that if they at least know how to read and write that is a plus but what's bad is that they can't even communicate this days. I ask myself what in the first place would they be able to communicate through to a potential employer? Given the fact that what they are studying has no relevance to the commercial world.?
A student who aspires to work in the oil and gas yet goes to study agriculture "art of cultivation", what percentage of chance has he got? Maybe in some companies they are exploring something in the area of biology, then there is some luck for the lass but after if the project is over what next? If employers and teachers understood the transferable skills that come with studying agriculture not just from the scientific practice they would see that managerial skills develop in practising farming.
Hence the unemployment rates meaning no strategic skill-set and platforms.
Farming. Of what benefit is it to the economy apart from putting food on the table. This promotes creation of tools that help the farmers sow, maintain, harvest and store the produce and indirectly creates sales opportunities for the oil and gas a swell as other service areas such as the events and entertainment industries because these are channels for promoting the harvest and creates avenues for restaurants to exist.
If our Farmers don't diversify the distribution of their produce by inventing ways of consumption ie should yam be only consumed as pounded yam? or boiled or fried? How about for export it be packaged as chips? We all love yam chips, if the Japanese have made black man eat raw fish with plain white rice, what's there in giving the world an alternative to potatoes? Add to it plantain and there you have it "Iyinbo go chop fried banana". It's the easiest and less wasteful product we have simply because of its size and shape, machinery has already been made for that of potatoes, what's there to create one for yam? These are the type of research projects that the educational institutions should be handling in the engineering departments.
The clothing industry should be gathering the products that have been made by our guys in aba and finishing them to quality standards by sending projects to the students in the fashion departments and that is a direct sales platform; creating fashion week by the events, media and entertainment students.
In these few examples wouldn't it create the drive for the students to have experiential learning much needed when they leave the institutions? They will be able to communicate the vision for what next to do to the employer and command good pay.
Companies can now setup competitions in secondary schools for best academics and vocational projects and sponsoring the best students and each wearing the logos of the companies they represent in the higher institution and this should make them not to let them down not to talk of handling indirectly the safety of the students from our horny lecturers and sugar daddies.
My africa there are opportunities when one is willing and seeking.
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