By Adoga Michael Oyi
'...And there is no master-plan to make each one of the states an economic entity,” Duke said. “So, we have a country, where a blessing (exponential population growth) is turning into a curse, because in the next three years, our population will be 200 million, yet all the productive indices are going down. Lagos may be crowded out; every year, 750,000 new people come to Lagos to reside; the economy cannot support that. So if you don’t get the rest of the country working, Lagos itself will collapse.
“I had a meeting once with U.S. State Department, and they said to me, we have no conversion interest in Nigeria any longer; yes we have a few companies – ExxonMobil, Chevron – working here, but we don’t buy oil from Nigeria, and the export-import bill is not significant. But we have a lot of interest in Nigeria, and that is security. Nigeria, to them, is like a dam, and if it should burst, it would flood all of West and Central Africa. So their only interest in Nigeria is insecurity because the country can also be a base for terrorism – terrorists thrive in poor environments. They are not dealing with us on the basis of commerce, they are dealing with us on the threat that we pose to them.”
Duke also believes the Buhari government has no business patting itself on the back on the basis of improving the economy.
“Just because it is easier for goods to pass through the port – that’s no big deal,” he said. “The point is what does each one of us add to the general well- being of the country. Most folks in Nigeria are parasitic. You walk on the streets and people in the prime of their lives are hawking plantain chips if they are lucky to find something to hawk. We, the few privileged, sit in our cars, our windows wound up, and pretend to look at our phones because we don’t want to see the reality out there.
“This country, for instance, has to grow at about 15 percent annually, not in Lagos, but nationally, for the next ten years, to absorb the numbers that are out of the economy. We are self-deceptive. We say that unemployment is 15 percent.
In other words, out of every 100, only 15 have no jobs. I think it is the other way round; only 15 have jobs and the rest 85 are living off the 15; the question is how long can that go on?
“Then we sit down and say that inflation is 16 percent. How do you arrive at that? I know I’m broke. So if inflation is too much money in circulation, where is this money? The truth is too few people have too much money. If you re-circulate resources properly, and I am not being socialist here (all you need to do is to create jobs for people), then you’ll find that it will reflect on the economy.
“So what we are doing is to run a goodwill economy; 85 percent of the economy is depending on the goodwill of the 15 percent.”
To move the country forward, Mr. Duke advocated for a policy he described as SHIT (Skills, Health, Infrastructure, and Technology).
“I don’t use education any longer because education is beyond reading and writing. Education without the set skills that make you productive is hollow,” he said. “We are ridiculously spiritual because we live purely by the grace of God. Yes, we all do, but heaven helps those who help themselves. If you are afflicted here by a disease today, your chances of survival are 50:50. The drugs for common diseases are not even manufactured here. So we have a loss of productivity that we have not addressed at all.”
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