2015 Presidential Elections on my mind(2) Why I wont vote for President Jonathan Goodluck 3)Performance Indicators. I strongly affirm that every nation should field their best eleven possible ,as it is with sports your performances either increase your value or depreciates your worth . Leadership demands more .It requests for altruism even if the tone is reserved and conserved . You shouldnt ask to lead if u hadnt led when occasion availed the apparatus of trust . Lets compare using 3 indices ,with our contrasts exuding apparent statistical and empirical data. Power 1999- Power generation was 4000MW 2014-power generation oscillates between 3,700mw and 4000mw Investments since 1999-$20b. This is apparent and imagined failure Unemployment Nigeria Unemployment Rate 2006-2014 | Data | Chart | Calendar | Forecast Unemployment Rate in Nigeria increased to 23.90 percent in 2011 from 21.10 percent in 2010. Unemployment Rate in Nigeria averaged 14.60 Percent from 2006 until 2011, reaching an all time high of 23.90 Percent in 2011 and a record low of 5.30 Percent in 2006. Unemployment Rate in Nigeria is reported by the National Bureau of Statistics, Nigeria. Unemployment figures have doubled since the Advent of the President Good luck administration Further reports suggest worse In a report published by Financial Derivatives Company Limited (FDC), a Lagos-based financial advisory firm, Nigeria’s jobless rate is likely to approach 32 percent in the coming months as the economy fails to grow quickly enough to employ people rejoining the labor force. According to the report, the impact of unemployment is expected to manifest in the Consumer Price Index (CPI) which stood at 7.9 per cent as at November 2013. The figure is expected to increase to between 9.5 and 11 per cent by the end of the year. The country’s Foreign Direct Investment (FDI) is also expected to decline to $4.8 billion in 2014. As an aside,Osun state has the lowest unemployment rate in Nigeria averaging between 2.5% and 3%, this state is run with less revenue from the center and by an opposition party . This is a major economic indicator . A primordial assessment of a rebased economy which loud masqueraded macro economic indices whilst with a banal attempt hiding micro economic realities of high / gross unemployment ,poverty ,lack of basic amenities etc. This obfuscates the harsh realities of mis or non governance . Any basic learner of economics realizes that where an Economy grows in size yet lacks the fulcrum of development like power ,security,social amenities ,emerging manufacturing industries ,housing ,transportation etc .Its Farcical and ludicrous . To buttress this ,our poverty level is Aggravated whilst we luxuriously celebrate the lugubrious news of domiciling the richest in Africa. Basically monopoly is foisted and aided . 80% of Nigerians according to UNO live below a us$ a day . Naccima records At least 800 companies closed shop in Nigeria between 2009 and 2011, due to the harsh operating business environment, the Nigerian Chambers of Commerce has said. Furthermore ,its President in the same paper posited , Mr. Ajay said the current situation of the “surviving” industries poses a great threat to the survival of the manufacturing industry. He added that capacity utilisation in industries hovers around 30 per cent and 45 per cent on the average, with 100 per cent overhead costs. He blamed the continued decline in the manufacturing sectors on “political and economic factors’’, citing poor infrastructure and epileptic power supply as key impediments to the industry. These are basic indicators .All others are at best cosmetic . I wont be voting a bad manager of the economy back to continue its ineptness . I will be more specific on the economy in the next piece .. I will prime our minds by asking have our lives been better since 99,2007,2011? To be continued .
Posted on: Fri, 17 Oct 2014 16:45:35 +0000
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