Africa's Economic Growth

Africa is experiencing significant economic growth, with several countries leading the way in development and innovation. Nigeria, in particular, is taking proactive steps to improve its economy and infrastructure to attract more investments and create new opportunities for its citizens but  more needs to be done.

What   Nigeria  can do is  to diversify in order  to improve its  economic  growth in 2025 

Africa  especially Nigeria, a   very populous  country has  always  been in a  trajectory economic growth. With the largest population in Africa, Nigeria  has always  experienced not  much significant economic growth as expected  from it, compared to several  other countries leading the way in development, innovation, cutting edge technologies and science. Nigeria's sole dependence on its natural gas and   oil products ,seems  to be  its  major problem  as  the country  seem  to have ignored  its  vast natural  resources  in agriculture , while looking at the oil wells  and crude oil,  which is the  major reason why  its  economy  has been on a downward spiralling  movement  since the  early  nineties. Nigeria has  been taking proactive steps to improve its economy and infrastructures in order  to attract more investments and create new opportunities for its citizens , but more  needs to be done according  to  Chatham house London to get  more positive results that  will  help  to  improve the lives of its  populace and  stem the waves  of  unemployment and poverty,  especially  among the younger people.Of recently  many Nigerians  have taken to   social media, to  cry out  with so  much  bitterness  about the  difficulties they   face daily  not being  able to  get good  jobs,feed their  families and they are  showing off  very  bad  roads on social  media.But the giant of  Africa  needs to show more  seriousness in addressing the  individual needs  of its  people  especially  when it comes to providing  the basic  amenities of life  such as food , medication, housing ,electricity ,good roads  and jobs  for the younger people. Graceful feels that Nigeria  over years  has not been able address these  issues properly  and  tap into  the  vast  intellectual  capabilities of its  people  while  creating better investments  and innovation opportunities  for the younger people.There are things that could be done by the country to create  jobs  and boost  its  economy  but its reliance  on  oil  product sales,  means that  the  country remains in the  same economic  situation over years,  while its  indigenes  are  left with  not much  help.There has not been  any good time framework  with proper stipulated  arrangements  made to  address  these  issues revolving around creating   enough jobs   among its  growing  population  of young people.This can only be done  by  investing more on agriculture, providing  rural  and urban  investment  hubs  with  focus  on innovation for its  people.Nigeria  needs  to up its  game, by creating    serious innovation hubs for its technicians and engineers  who  will help to produce  basic  daily products  for its people.Nigeria  needs  to be serious  about investing in agriculture  to be able   provide  enough  food  for its indigenes.Nigeria needs  to  make their roads  very motorable  even in the rural  areas  and create  better safe  environments for its people.I believe that  if  there  is  enough food in Nigeria,the wave of  troubles  and anger  being  expressed by its young people  on social  media will stem.Nigeria  should  be able  to  convince  the younger ones  to think  about farming, by  making them to know that  investing in food  and  agriculture pays  on the long run,not only for the farm owners  but for everyone.The  roads in some rural  areas  in the country  are so bad.Nigeria  needs to  improve the life of its  people  by  providing  good roads  for them.It also  needs  to  think  about increasing  the minimum wage of the  average working  Nigerians  and find ways  of boosting businesses. But Nigeria needs  to invest on  other things that  will  create export opportunities  rather than  just depending on crude oil money.If  Nigeria can have  more  industrial men  who are focused on innovation,food production and excellence like Alhaji Aliko  Dangote  and make its young ones to know that  they need to  create long term investments  for their families  , we  can see that there will be changes  in the  coming   years  for the country.Nigerians  also  need to be positive  and  work at  creating job opportunities for themselves.I  believe it is the duty of  the  country  to make sure  that  basic  amenities like  food  is provided for everyone  and the  country has to think  seriously  about supporting  everyone involved in  food  production. In a country  that  exports some of the  best brains  in  medicine, engineering, technology  and education, many people are still living in  squalor  because there  are not enough  infrastructures and financial  support to  provide the needed help to  its innovators  and to help  farmers to  provide excellent farming  and medium food  production  factories  for its people. Nigeria's  dependence on aids  has not helped it  to  grow economically .

To ensure a long-term economic stability, Nigeria has  to be  focusing more on diversifying its industries and reducing dependence on its oil exports. By encouraging growth in sectors such as agriculture, technology, mining  and manufacturing, the country will be creating a more resilient economy that can withstand global market fluctuations .Nigeria needs  to provide  more  security to  attract  the needed foreign investors who can expand  medium industries  and boost  productivity.

Nigeria  happens to  be one of the  places  where  its  indigenes  are  supposed to be very happy because of its good weather  and  vast  cultural  heritage  of music and  entertainment,  but  Nigeria is  ranking low  in  the world happiness index because of insecurity and poverty  among  its own.  According  to Chatham house  the  country  needs to stay competitive by securing long term  economic   growth for itself . This  could only be done  through  science  , innovation , providing  more investments  in innovations  and  new cutting edge  technologies and by looking seriously at  what others  are doing. It needs to position itself  to be able to  attract more foreign   investments  rather than relying on foreign aids. The  country's   problem has been that  it tends to  be thinking more  about immediate  solutions  to its   problems,  rather  than providing long term plans  of investments  for its people  and most Nigerians  do not have the patience  to invest  for the future,  rather they always tend to  invest  for now not  for the future. Nigeria  has done  well in providing its people  with  good  education,   to enable them to stay  competitive in the world  global  job markets,  but it must work more harder  at providing  food for its populace and  invest more on the future and innovations.Nigeria can build  an investment town  with heavy security in place  purely for its best   technicians, innovators   and  global  trade people  to make the town safe  in order to  attract  foreign  investors.They can also  build  hotels  for  investors  who come to the trade or invest  in the town  with  heavy security at the gates with  well  guarded annex  hotels  for only  foreign investors  on business trips  in the  country run by the  states. This  will  help  create  good  atmospheres  with less fear  for travelling  investors  who might be willing to open new opportunities  for the country.   

One of the key areas of focus for Nigeria's economic development must be on  investment  and  infrastructural projects. From building new roads and bridges to proving public transportation systems that are world class, there must be new initiatives to boost economic growth and create a more sustainable future for the country. And  experts  from Chatham  house London feels  that Nigeria  needs to  do more.

Image-A  Nigerian female saxonist on the beat

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