Nigeria: A Year After, Time for Governance

opinion

Mni — Yours comradely felicitates with all Nigerians on the occasion of 2016 Democracy Day which marks the 1 year anniversary of President Muhammadu Buhari Administration. One year after President Muhammad Buhari administration was inaugurated, undoubtedly Nigeria now has a government in place. However a year after government has been formed it's time for good governance. Some of the measures announced by President Muhammadu Buhari in his anniversary speech are certainly commendable and welcome. I agree with President Muhammadu Buhari that "a strong currency is predicated on a strong economy. And a strong economy pre-supposes an industrial productive base..." Industrialization therefore remains the key to economic recovery for Nigeria. The advantages of industrialization include lessening of dependency on imports, thus saving scarce foreign exchange. It also serves as a source of employment for greater number of the non-working unemployed population.

Industrialization invariably reduces income poverty. The federal government must therefore accord urgent attention to the revival of labour intensive industries such as textile and garment. The industry can employ 3 million direct jobs. 26 out of the 36 states grow cotton of both long and short stable lengths. Sadly, Nigeria has become a dumping ground for mostly smuggled fabrics and even second-hand banned unhealthy cloths.

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