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Nairaland Forum / Nairaland / General / Politics / Nigeria's Ours, No One Is Left Out! (217 Views)
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Nigeria's Ours, No One Is Left Out! by BXpress(m): 7:19am On Feb 12, 2019 |
Nigeria has the largest population and economy in Africa but a capital market smaller than that of South Africa (about a quarter of our population). That is obviously a question mark. Over the years we have built a market economy that encourages everyone to save their surpluses in commercial banks who mostly give credits to a select few. A system where the market woman who wish to expand her business is not creditworthy enough to access loan from her bank. This is obviously a market failure but some free market ideologist said the government has to step aside and let the almighty Adams Smith's invisible hand take its course. Every progressive government knows when to come in and fix market failures and until our capital market is more inclusive, we will continue to do what is required for all of society to benefit. The kind of system that will give the widest range of people the greatest opportunity to make the most of themselves and their resources will be more sustainable for the long term. At this point in Nigeria, we'll not solve our problems by electing the right people into office. We'll only solve our problems by making it politically and socially profitable for the wrong people to do the right things. Nigeria is ours and no one deserves to be left out. We are all #MadeForNigeria. Join the movement @ www.facebook.com/madefornigeria www.twitter.com/made4nigeria Stand with the majority! Stand for Progress
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