A trillion-dollar economy—a goal that many celebrate as the pinnacle of national success. It signifies a powerful, global economy that could elevate Nigeria’s position on the world stage. However, as ambitious as this target might seem, I find myself asking: What is the true value of a trillion-dollar economy when the citizens—the very foundation of that economy—are being milked to the bone?
As the conversation around Nigeria’s economic growth intensifies, one can’t help but notice the disconnect between economic indicators and the daily lives of the people. While the GDP is projected to soar, the ordinary Nigerian continues to grapple with skyrocketing prices, poor infrastructure, inadequate healthcare, and an unrelenting sense of insecurity. This raises a fundamental question: What good is economic growth if it does not improve the lives of the people?
The concept of a trillion-dollar economy is appealing, no doubt. It suggests that Nigeria will be able to attract more investment, expand its industries, and achieve global relevance. But this growth cannot be measured by numbers alone—it must be reflected in the tangible improvements in the lives of the people. Economic growth, when not shared equitably, becomes a hollow victory—a victory that only benefits the powerful few while leaving the majority to bear the brunt of rising costs and diminishing opportunities.
The unfortunate reality is that the poorest Nigerians continue to suffer under a heavy burden—paying more in taxes, enduring rising fuel prices, and struggling to make ends meet. They are trapped in a cycle of unaffordable living costs, while the elites thrive. Is this the kind of growth we should be striving for? Growth that burdens the common man while enriching a select few?
It is time for Nigeria’s leadership to reflect on what true prosperity really means. Economic success should not be an isolated triumph for the rich and powerful; it should lift the entire nation. We cannot continue to celebrate economic figures if they do not translate to better education, healthcare, job opportunities, and security for every Nigerian citizen.
To me, a trillion-dollar economy is of no value if it leaves the majority of Nigerians behind. True growth is inclusive growth, where everyone benefits. It is time we move beyond the numbers and look at the reality on the ground—because until Nigerians see the fruits of this economic growth reflected in their lives, the trillion-dollar dream remains just that: a dream.
By Dare ADELEKAN
Journalist and Government and Public Relations Advisor
No comments:
Post a Comment