At her recent swearing in as Finance Minister for the next time around, Ngozi Okonjo-Iweala allegedly declared, «I am here to create jobs.» That's music to the ears of all Nigerians, for instance, reported and staggering 40 million job-seekers and those who know that lack of employment is a significant contributor to the high crime wave in most corners of our Motherland. Together with passage of indigene law, Nigeria will cultivate deeper home roots and policies capable of ameliorating sectarian crimes, such as the ones that often appear in Jos as well as other elements of our «One Nigeria».
I comprehended Mrs. Iweala's «I am here to create occupations» remark to mean that she will work hard to create an economic environment that is conducive to the private sector creating good paying jobs for Nigerian citizens and immigrants. I'll come back to why the «immigrants» part is critical to Nigeria's development and prosperity.
It will difficult!
President Goodluck Jonathan should be commended for the heightened emphasis he seems to be according to the advancement of the economy in Nigeria. I hope both Finance Minister and the President triumph for the good of Nigerians, until I find measurable results as we support just their worthy efforts, but like many Nigerians, I'll hold further compliments.
Nigerian Newspapers Sun history is full of false starts and wasted chances.
However, the Minister along with the President cannot and should not be likely to do everything by themselves. Nigerians give to worthy causes of any government and should get all hands on deck. The employed and both job seekers must have strong work ethics and offer superior services that produce their employers' companies stay in business for quite a long time and prosper so they can hire more people. Every employee should work it as if it were her or his daddy's company.
In the more efficient markets in the world's, the private sector is the motor of growth and job creation. Nigeria does not want more government or public sector occupations. It needs more sustainable private sector workers.
Every administration and this must be criticized when they pursue the plan that was wrong. That's good and constructive for all. Each government should be judged by how it improves the lives of individuals in the short and long run with the people asserting their duties across the way also.
For the first time I wrote to request him to set development of Nigeria's new housing industry on top of his economic program for the betterment of all. I said the potential externalities of the new home industry for the Nigerian market. For the reason that missive, I expressed my readiness to contribute pro bono to that particular effort. I made it clear that I neither seek any financial/political benefit nor do I desire to go back to Nigeria forever any time.
Being content in America doesn't preclude me (or others) from making excursions to Nigeria (at personal expense) to help coordinate seminars and tours for preparing Nigeria's budding homebuilders who wish to learn the American new housing methods. Certainly, I usually do not have all the replies but since this is my passionate profession (new homes) here in America, it is my wish to give back by giving the small I understand to new homes development in our beloved Nigeria.
I value Mrs. Iweala's choice to return to Nigeria to serve. I believe she'll perform well in her encore as Finance Minister. After being at the very best of one's vocation overseas for a long time, it might be demanding to uproot one's family. Returning home to work in Nigeria and leaving one's family abroad is a significant commitment also, regardless of how much one brings in there.
Nigerians inside and outside the nation should value those who go down this avenue to help, and not to loot the coffers. The leaders who ask these professionals to return to their own birthplace praised and should be acknowledged depending on favorable results, not lip services.
It had been reported that President Jonathan lately formed the National Economic Management Team (NEMT) to spearhead his economic program. The names and agencies which make up the team appear impressive. If egos are checked in the door, and bureaucratic inertia is just not allowed to engrain, monumental great can come from this team. Nigerians everywhere have been waiting for the «coming» to come.
It will be to the welcome credit of the Jonathan administration and all the NEMT members should they attain real success. Nigerians needs to be cautiously confident.
Contrary to what some at home may think about those of us in Diaspora, we need Nigeria to improve. We want to get the workable substitute for come back to Nigeria for good. We hunger to contribute our share to the development of our Motherland. We want to take our kids to Nigeria to show them how wonderful and free life can be there, not only to show them how good they have it here foreign. All of us adore Nigeria (also), possibly, more than Nigeria loves us!
True Nigerian professionals abroad weren't swung a couple of years back from the previous government's «Clarion Call» to return home, because that was perceived as a rudderless call. Nigeria has disappointed lots of its people so many times that the few who have found greener pastures overseas WOn't be easily lead into the lion's lair again. Footprints pointing inward without any footprints coming out are seen by them; and they know that the hungry lion in the lair consumed people who entered.
When loved ones in Nigeria firmly urge their people abroad not to return home due to the states there it's heartbreaking. It damages each time I remain in The Us: learn that warning, nor come back. Content Nigerians abroad don't see any glamour in riding about in armored vehicles at crazy rates with deafening sirens blaring, as are normally the cases when persons were graded by the lowest in the authorities move around town back home.
Insufficient security, secure electricity, adequate health care, and
poor roads impact all. Not being able to jog or ride your bike ten miles down the road without fear of being run over, kidnapped, bombed, or robbed are really unhappy states of affairs in Naija.
Some Nigerians in Diaspora do not find it enticing to have helpers for chores they are used to doing themselves. For the development of great jobs be sustained in Nigeria and to take off, both the people and also the leaders should look at the following:
1. Nurturing the Real Estate sector via public and private sectors venture.
2. Passing and enforcing the Indigene law, which makes state or any city where one resides for 6 or more consecutive months one's new home with full and equal rights.
3. Applying Federal, State, County, City, Property, and Sales Tax laws; no sacred cows. When governments are funded by taxes paid by the masses corruption and waste will be curtailed. Looters will be castigated in public squares should they embezzle citizens' hard earned cash. Snitching oil cash is one thing; snitching tax revenue is an entirely different matter.
4. Locally controlled schools must be reorganized and administered. Parents should be prepared to pay the real expense of preparing their kids. Schools should be rated every year as well as the scores made public, so failing schools are closed and teachers retrained.
5. Every Nigerian should turn into a stakeholder with power and full responsibility to be steward of the nation as well as the community. We mustn't allow foreign oil companies to pollute and ruin our environment with impunity.
6. Immigrants and citizens must be willing to pay for and defend the system or rule of law.
7. We ought to lay the basis for a network of radio, television, and print media to eventually become the people's vanguard.
8. We ought to commence the much discussed national identification plan to monitor and keep records of individual tasks as well as behaviors. This really is not a police state thing, but a foundation for commerce and liability, much like the American Social Security Number system.
9. Decentralize and privatize distribution and electric power generation.
10. Decentralize authorities and other law enforcement agencies as they can be whose system of government we aspire to emulate.
The Chief Executive Officer of DN Meyer Plc, Bola Olayinka, says that «Accessible data reveal that
Nigeria is bedeviled with a housing deficit of about 17 million, hence requiring 50 years to bridge the gap.» Exactly what a goldmine! Any state could not be sad to have the chance in housing that
Nigeria has. Single family housing should be made a top priority by nEMT.
For the reader who does not know much about the housing industry, let me take a few seconds and scratch the surface of this critically important economical power station; pun intended.
Some economists consider the American economy, and to a larger extent the global economy, will recover only after the U.S. Home market recovers. Home is that critical. In 2008, America's National Association of Home Builder (NAHB)
estimated that the economic impacts range from the following:
— 3.05 occupations and $89,216 in taxes (from assembling an average new single family home).
— 1.16 jobs and $33,494 in taxes (from building an average new multifamily rental unit).
— 1.11 jobs and $30,217 in taxes (from $100,000 spent on residential remodeling).
As used here, taxes are shorthand for government revenue from many sources, including building-related fees levied by local governments.
I realize that average American homes are more expensive than average Nigerian residences, yet, as a result of comforts, designs, automation, and technology constraints, more workers are essential to construct a home in Nigeria. For the sake of the argument, let's assume it will take exactly the same amount of workers to create the typical Nigeria house. Using the 17 million housing units shortage and 3.05 occupations per house figures, Nigeria could create 51 million jobs in a hurry and reach full employment.
The World Bank estimates there are 40 million unemployed Nigerians now. Single family home business alone is capable of treating the unemployment problems in Nigeria. I understand this a perspective that is simplistic but this is a realistic one. Housing may also create plenty of occupations that are indirect including:
1. Police Officers
2. Firemen
3. City inspectors to supervise construction codes compliance
4. Etc., water and waste water professionals
The economic externalities are endless, and so are the societal advantages.
After folks buy new houses, they go to buy fridges, curtains, stoves, and all of the house's furnishings. These spending sprees create more demand for services and goods, and even more jobs.
Immigrants ought to be motivated to dig in roots in Nigeria. When they do, they become givers instead of just takers. Immigrants have unique and empowering potential to boost society. When embraced, immigrants enrich the host country socially, culturally, financially, academically, along with other wise… Simply have a look at the state of immigrants called the United States of America.
You will find many more societal benefits to home ownership than meets the eye. In almost any society, you would be hard pressed to find homeowners causing difficulties that decrease their property values. Homeowners pay more in taxes and work more difficult to make money to cover their bills and maintain their areas. They fast end up being the middle class backbone where a stable and prosperous society is developed. Nigeria wants a middle class that is feasible as people oxygen and fish need water.
More people will soon be able to buy houses on payment terms that may spur more lending and banking activities in the event the mortgage company is enlarged in Nigeria. In the wake of these economic activities could be high paying jobs for everybody.
Nevertheless,
Nigerian home buyers must understand and be accountable for their side of the borrowing business. Should you miss as few as two payments, you'll be due for damaged credit history late payment fees and foreclosure and eviction: No alibis. Because you lost your house via foreclosure you do not shoot or kidnap the bank manager.
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