NIGERIA AT 62: DEPENDENCE OR INDEPENDENCE

SUNDAY CHRISTIANAH ECONOMICS ECN/2019/124 200L NIGERIA AT 62: DEPENDENCE OR INDEPENDENCE Understanding the creation of the world with its continental components, entailing Africa; Nigeria, being a geographical country in the named continent made a clarion call as regards her liberty from the dominance of Great Britain, a foreign monarchical nation in the year 1960, which was made official the first day of the tenth month. Nigeria is an independent state in her relation to other countries. Six decades, ordinarily, should be enough to build an empire, provided the resources are held constant with the uncontrollable stumbling blocks to growth evaded. However, Nigeria has had a slow come up, and this vulnerability has forced her into a crippling dependency on foreign nations. It might come across as ironical that a supposedly independent country is still a dependant, but where the giant of Africa is concerned, it is mostly close to literal. Paying close attention to the exciting factors of a country, we can hypothetically test the well-being or her dependency level as a county. In the aspect of governance, the country runs a democratic system of government which has, for a long while, not been either free or fair. So, while on paper, Nigeria is a democratic state, the reality is that she runs down an oligarchical track where those who rule are often corrupt, negligent, aged, and sparsely accommodating to potentially redeeming innovation. Economically, one of the major problems a country should look to solve is the allocation of resources in the country, giving citizens a high standard of living. The poverty rate in the subject of study has not stopped increasing, inflation on consumable goods; the currency of the country, devaluating at an alarming rate. Agriculture, which takes a large part in her gross domestic productivity, has greatly been affected due to insecurity, insurgents, bandits, and mostly avoidable natural disasters such as flooding. The area of food scarcity would force the importation of consumables from foreign countries like Thailand and China to meet demands. While it is good policy to have her currency redesigned, forecasting that it will reduce money in circulation thereby curb inflation. We hope the monetary intervention helps her current state. It is widely believed amidst her citizens that nothing of high quality is produced, a good number of Nigerians have developed and were born into a dependent mentality, and the subconscious motto of the average consumer is, “if not from Nigeria, it is original.” Psychologically, the average Nigerian thinks they can’t optimize their full potential in the country unless they leave the country. And although we can see that education in Nigeria is substandard in comparison to more advanced countries like Britain and America. We feel dependent on the values of other countries to have a good standard of leaving, citizens have been infected with what has popularly been dubbed, “japa syndrome,” and are planning in every means to get out of the country, seeking for itinerate jobs over there. The country Nigeria is a 62-year-old independent state but still depends on other countries for its sustainability.