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Author Topic: Nigeria's economic growth is in the hand of federal government.  (Read 17 times)
Jubilee58 (OP)
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January 26, 2026, 11:06:31 AM
 #1

No  country will ever grow  economically without the federal government creating the enabling environment for investors and business people to succeed. Is in the hand hand of the federal government to welcome both the foreign and local investors, make policies that will be compatible with them and as well cooperate with the investors in other to boost the economy of Nigeria.

There are times where government makes bad policies and these bad policies affects economic growth, chase away both local and foreign investors who are not comfortable with their policies, causing hardship, devaluation of currency and high cost of living (inflation).

Presently in Nigeria, we have not recoved from inflation which is affecting Nigeria's economic growth in a way, if only the the federal government of Nigeria can do things right, make good policies and cost of living is reduced effectively, our economic growth will be very rapid, making foreign and local investors to do their businesses
comfortably.

What is your take on this.

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Olatundespo
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January 26, 2026, 02:50:27 PM
 #2

Our country's government has surrendered to a wealthy class. To be precise, it makes decisions in favor of those wealthy businessmen, as a result of which the wages of ordinary workers do not increase. Visible activities for the poor class are decreasing. The amount of foreign aid is decreasing, which would have been used to improve the conditions of the poor and increase employment. The level of inflation has decreased in 2025, this is good for our country's economy, but to maintain this continuity, the government must give priority to job creation.

The bad policies that our government adopts in terms of monetary policy have a direct negative impact on the poor. In many cases, the government does it out of necessity because the amount of our country's resources is low, resulting in the need to print new money to pay bills, resulting in inflation. The shortage of foreign exchange reserves is more responsible for the sick state of our economy. The government needs to give importance to improving communication infrastructure to attract domestic and foreign investment in Nigeria. Necessary measures need to be taken to establish more economic zones so that employment is created in the country.











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