Funnily enough, nobody seems to be exempted from the economic crisis. There have been massive responses from the globe as a result of this unkind credit crunch. Several online economic analysts and researchers have done a good job at proving this point. Consider, for instance, these words: “While there has been much discussion in the media on the state of the US economy, what about the rest of the world? From Greece to Guadeloupe, from Italy to Indonesia, from Chile to China, from Egypt to India, countries across the globe are feeling the heat of the recession that started over a year ago in the United States."
In Nigeria, the situation couldn't be worse. The economic crisis has reared it ugly head in the Stock Exchange. The Niger Delta has not helped matters a bit. It is during economic crises that fuel scarcity makes an epileptic return into the system. When asked for his view on the issue, Isidore Sonariwo, the Managing Director of Lekki Concession Company (a company with primary focus on infrastructure development and operations management), says, “As I have already indicated, Nigeria needs to devote effort to developing other sectors of the economy. We are blessed with plenty of arable land for agriculture; a range of untapped minerals that can be mined and sold in the global commodity markets; a vibrant culture, nice beaches and waterways for tourism; and resourceful, intelligent and resilient people; amongst other things. We need to understand, nevertheless, that we will not change Nigeria overnight. Accordingly, it will be important to establish clear long, medium and short term plans, and to stick to them. Although things appear to be changing for the better, I believe that it is fair to say that we have historically been too biased towards short term thinking at the expense of the long term.”
However, a lot of Nigerians are not losing courage. As hopeful as ever, we are going to fight the crisis till the end. Despite the Niger Delta situation, intermittent fuel scarcity, power instability, the reduced exchange value of the Nigerian Naira etc., Nigerian’s have persevered the economic meltdown well. In fact, in my own opinion, Nigeria has dealt the crisis a good blow!
At times like this, we youths must realize that we have a lot to contribute to remedial efforts. Whatever good our hands find to do, let's do it well! Let a formidable bunch form, reach out, consult and share ideas. Let’s work against the tide of the economy and persevere because, in due season, we'll overcome this meltdown and smile again!
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