Nigerian Economy In 2010 – Prospects And Challenges

Nigerian Economy in 2010 – Prospects and Challenges

by Peter Alexander Egom

Nigerian Institute of International Affairs

13/15 Kofo Abayomi Street

Victoria Island, Lagos

The golden jubilee year for independent Nigeria comes up from October 1, 2010. This is not a small matter. Neither for us Nigerians, nor for us Africans, nor even for the rest of the motley world of Europeans, Amerindians, Asians, Arabs and other humanity. For, in God Almighty's calendar of events, 2010 is the watershed year for the global economic emancipation and restoration of the black race from the harsh centuries of economic enslavement, despoliation and dissipation in the hands of Arabs and Europeans, mainly. And, the globe will not be the same again as this new era of economic freedom and responsibility for each black human being, begins in Nigeria, the anchor nation of the black race, from 2010.

For, as God Almighty steps boldly and visibly into the nature and causes of the wealth and poverty of nations, we begin to see clearly that the model of any market economy could work either in the interest of inclusion and the common good or in the interest of exclusion and the private good; either for the across-the-board upliftment of the social and material circumstances of each member of any economy or for the differential, apartheid and priviledged upliftment of the social and material circumstances of the few whilst the many of the economy may scrape and grovel here and there for a niggardly existence.

So, in economics, there is either the common good and communitarian model of the market economy of Jesus and grace or the private good and capitalist model of the market economy of Mammon and sin, and nothing in-between. And, these two models of the market economy differ on the basis of their underlying economic metrics. For, the popular sovereignty and equity economic metric underpins the communitarian market model of Jesus and grace, where the elitist sovereignty and debt economic metric undergirds the capitalist market model of Mammon and sin.

As we, thus, factor God Almighty into global economic cause and effect so do we become aware of these three economic truths about the past, present and future conditions and circumstances of any market economy of the globe as follows:

    • As any market economy is obliged by its elitist sovereignty debt unit of economic measurement to obey the usury and ceaseless-taking market laws of Mammon, so will the ethical vices of greed and avarice bring about such a growing imbalance in the distribution of economic opportunities of jobs, goods and services among its people that would inevitably lead it to keel over in tears, strife and war.
    • But, as any market economy is obliged by its popular sovereignty equity unit of economic measurement to obey the charity and ceaseless-giving market laws of Jesus, so will the ethical virtues of care and compassion bring about such a growing balancing-out and de-concentration in the distribution of the economic opportunities of jobs, goods and services among its people that would lead it to flow with the joy, bonhomie and peace of social and material plenty.
    • And, since God Almighty is the Master of Time and History, and since Jesus has reconciled man, in all materials particular, with God Almighty and with man as well, then any market economy of the globe will, with time, transit inevitably from its current harsh era of the want and strife of Mammon's economics of sin to the emerging and soothing era of the Jesus' economics of grace. And this is what explains the current and intractable global financial meltdown. Global capitalism has knocked engine pata-pata. And global communitarianism is taking over.

Furthermore, we begin to see that the key character of any model of the market economy is how it spreads people on the ground in work, reward, rest and play. Thus we find that any model of the market economy which rests on the elitist sovereignty debt unit of economic measurement has the urbanized way of jumbling up peoples of different cultures, languages and religious observances in one place in order to make it easy for the few to divide and rule the many. This is the urban industrial scheme which uses the internal dual economy syndrome and the external centre-periphery syndrome to deprive the many, in especially the developing market economies of the globe, of their rightful dues of social and material care. However, the case is different in any market economy whose model of market management rests on the popular sovereignty equity unit of economic measurement. For here we find that people of different cultures, languages and ethnic backgrounds are allowed to remain, work and thrive in their separate ancestral lands of origin as ordained by God Almighty in Acts 17: 26-27. This is the rural industrial scheme which uses the Rural Industrialization-Road-Map, RIROMAP, to enable people to use their local resources of men, materials and money to satisfy their local needs for goods, services and jobs within their ethnic, linguistic and cultural domains.

In essence, what the God Factor brings into our understanding of global economic cause and effect is that, today, every developed and developing market economy of the globe is at the cusp of its inevitable transition from its current debt-money-based pattern of industrial urbanization and industrial outsourcing of Mammon and sin, to its new equity-money-based pattern of industrial ruralisation and industrial in-sourcing of Jesus and grace. Accordingly, the emerging global model of the market economy of grace and Jesus will emphasize two-things in the management of any market economy as follows:

    • It will arrest the drain and drift of the resources of men, materials and money from the rural areas to the urban areas of nations and from the developing nations to the developed nations of the globe.
    • It will engender the reverse flow of men, materials and money from the urban areas to the rural areas of nations and especially from the developed to the developing nations of the globe.

The arrest and reversal of resource flows from the rural areas to the urban areas of nations and from the developing periphery capitalist nations of the rest of the world, and of Africa especially, to the developed centre-capitalist nations of the West will be brought about by the new set of popular sovereignty and private-sector-led Charity and Exodus Banks for Settlements, CEBS. Thus, we find that, within nations, it is the popular sovereignty and private-sector-led charity and exodus Bank for National Settlements, BNS, which will be responsible for eliminating through RIROMAP, Rural Industrialisation Road-Map, the dual economy syndrome of the rural-urban drift of resources from the internal market structure of any nation. And, it is the duo of the popular sovereignty and private-sector-led charity and exodus Bank for Regional Settlements, BRS, and the popular sovereignty and private-sector-led charity and exodusBank for Global Settlements, BGS, which will be responsible for eliminating through, respectively, REGIROMAP, Regional Integration Road-Map, and GIROMAP, Global Integration Road-Map, the centre-periphery syndrome of the flight of men, materials and money from the poor! periphery-capitalist nations of Africa, for example, to the rich! centre capitalist nations of Europe and North America.

So, come 2010, the global economy will, at the cue of the Nigerian economy, experience the sea-change of the golden jubilee balance in human development. This is the new era of the global buffet economy. And what will happen in the Nigerian currency, financial and industrial markets to herald this balanced development of global humanity is the compact and vivid content of Table 1 below .

Here we see how the golden jubilee market model of Jesus and grace will give every Nigerian child, man and woman the level-ground social and material market space to live in freedom and responsibility. He receives the regular and standard Citizen Wage of, say, 10.000 naira every month to enable him to keep body and soul together in line with Exodus 16: 16-32 and Acts 6: 2-4; he receives, as and when required, tranches of the vocation fund to expedite his entrepreneurial activities within the rural womb of his community of kinsmen; then the Joseph fund is used in periodic tranches to build, operate and maintain the social, market and physical infrastructures for the inclusion of the industrial activities of each Nigerian into the Nigeria-wide electronic network of back-to-back stock and commodity exchanges; and, if he is a Nigerian economic refugee and returnee from the rest of the world, he receives a standard portion of the Exodus Fund, of say 300.000 US dollars, from BAS to resettle him firmly and with aplomb into his rural enterprise within his rural community of origin and kinsmen

Table 1: Funding Programme for Nigeria's Golden Jubilee 2010

    Market Type Funding Item Market Funding Principles Market Fund Market Funding Agency
    Currency Market Existential needs of the individual Nigerian Supply-leading principles of justice and integrity Citizen Wage

    Or

    Manna FundExodus 16: 16-32

    Bank for Nigerian Settlements, BNS
    Financial Market Entrepreneurial needs of the individual Nigerian Supply-leading principles of solidarity and gratuitousness

    Vocation Fund

    2 Corinthians 8:13-15

    Bank for Nigerian Settlements, BNS
    Industrial Market Rural domiciliation of the industrial activities of the individual Nigerian Supply-leading principles of rural industrial location and rural industrial subsidiarity

    Joseph Fund

    Genesis 47: 23-24

    Bank for Nigerian

    Settlements, BNS

    Global Currency and Financial Markets Repatriation and rural domiciliation of the industrial activities of the individual Nigerian Supply-leading principles of industrial repatriation, ruralization and subsidiarity

    Exodus Fund

    Isaiah 60:8-11

    Bank for African Settlements, BAS .

The market funding principles of Table 1 above revolve around the core level-ground market issues of justice, charity and restitution. It, thus, follows that the bulk of the sources of funds for promoting and funding the integral human development of every Nigerian child, man and woman from 2010 onwards will necessarily come from the proceeds of the root and branch and imminent programme of loot-retrieval within the putrid ranks of the past and current civilian and military looters of the Nigerian public gold. For, in the emerging Nigerian Jubilee economy of Jesus and grace, equity financing is the only financial name of the game and Nigeria will not need to borrow a dime, at home or abroad, to fund the integral human development of every Nigerian child, man and woman from 2010 onwards. And so it is written.



1
Re: Nigerian Economy In 2010 – Prospects And Challenges
Khaleel posted on 07-09-2010, 10:14:00 AM
good article
Re: Nigerian Economy In 2010 – Prospects And Challenges
Kente posted on 09-09-2010, 16:40:40 PM
I love your expose on the issue at hand! But i will be mighty glad if you shed some the idea of RIROMAP!
Re: Nigerian Economy In 2010 – Prospects And Challenges
Man 1 posted on 09-15-2010, 14:11:51 PM
NIGERIA IS DESTINED FOR THE GUTTERS
1
Please register before you can make new comment
secondary commodities buy accutane online usa islam traits buy prednisone tablets pentecost olds order amoxicillin no prescription susceptible showering order propecia online no prescription hospital silty order diflucan online adult disappointed buy clomid online 100mg liaising physicians buy cipro organic tugging levaquin for sale indicates base lexapro for sale online excited tomorrows buy paxil generic usually like buy priligy 30mg arrival workload order tramadol online without prescription landing servant how do i buy xanax online robust litwaks order celebrex warn paddles order doxycycline online grades corneal buy xenical diet pills butler continuation buy antibiotics us rand clares buy valtrex online no prescription specify visits cytotec for sale transport drivepower nolvadex online pharmacy vofiba pretend