Hello amazing reader on Hive 👋, how are you doing? I hope you’re having a great time.
On my view about this week’s theme: “How Easy (or Hard) Is It to Earn More in Your Country?”, I’ll be sharing my honest thoughts about my country, Nigeria.
Nigeria is truly blessed with different types of mineral resources such as gold, crude oil, limestone, and coal. We are also rich in raw materials like cocoa, rubber, and many others. With all these blessings, Nigeria should have been one of the best African countries where every citizen earns comfortably.
But Unfortunately, due to a high rate of corruption and lack of good governance, about 80% of things in the country seem to move in a zigzag form.
When it comes to unemployment, research shows that around 53% of Nigerian youths are jobless, including graduates. You can imagine spending years in school, from nursery to tertiary level, with all the expenses, only to end up without a job. It’s heartbreaking and totally unacceptable to see first-class graduates hustling on the streets just to survive.
In terms of security, Nigeria has one of the best security agencies in West Africa, yet some states still face serious challenges.
States like Benue and several rural areas suffer frequent attacks. Many farmers risk their lives to work on their farms, and clashes with Fulani herdsmen, they have destroyed countless farmlands. Imagine working so hard only to find your crops eaten up in a single day. Because of corruption, justice is often not served, and this discourages production. When farmers stops producing, there will be fewer goods available, which leads to rising costs of goods and services, and this is a major danger to the economy at large.
Focusing on our currency, the Naira (₦). it has sadly lost much of its value. During independence, the exchange rate of USD to Naira was $1.52 for ₦1, but now $1 is equal to about ₦1,430, while ₦1 is only equals to $0.00069.
The big question is: what happened to the Naira?
The simple answer lies again in corruption and poor leadership. Civil servants receive salaries that can no longer cover their needs, and the cost of living keeps rising while the Naira keeps falling.
Nigeria can become great again if the President leads well, the Governors govern wisely, and the Senators act responsibly. With good leadership, unity, and fairness, the economy can get recovered again, jobs can be created, and citizens will be able to earn a good and sustainable living.
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