How is Change Going to Happen?
All of these policies may seem challenging and near impossible to complete, but with a strong voice and initiative, Nigeria can limit its economic discrepancy. Pollical Action Committees and Interest groups can help raise funding and stir local leaders into raising involvement. These funds can be used to push for a new presidency, supporting a candidate who will take strong action into the betterment of Nigeria, such as current Nigerian Senate President Bukola Saraki who helped the
PIGB pass in the Senate. With a new more willing leader any number of the proposed policies in congress can finally be passed and strengthen Nigeria. This person may be from the north to advocate his or her troubles and despairs but may also originate from the south is appalled by the drastic conditions faced in the north. But how would this new presidency issue change? The
drive of this president would determine this, but in essence here are the basic steps: creating new businesses and enterprises from the funding produced by taxation to revitalize employment, reallocate resources into underdeveloped regions in education and health, and slowly transition the petroleum monopoly to privatization to increase tax revenue and economy through capitalistic competition.
Methods like this may be of remembrance with Russia’s Gorbachev releasing the enactments of perestroika and glasnost. However, such a drastic failure will not occur in Nigeria as democratic principles already exist. Initially, northern Nigeria may face failing businesses with a lack of previous entrepreneurial skills. If these start-ups do fail, the government can issue bailouts for any markets they see as investable, such as the United States did with General Motors in 2008. Despite this, the government can start business seminars from southern Nigerians who do have the appropriate experience to additionally teach new business owners. However, these would be the most extreme
scenarios for failure, idealistically, and, more likely, the new agricultural enterprises, educational services, and other industries will boost the communities’ economic gains and lessen the disparity with the south. Though no one likes taxation, with a level-based system that ranks
income and then applies tax varying fair tax rates, this new process can at least be tolerated by most Nigerians. These new policy enforcements can alleviate Nigeria’s economic disparity.