As if that's not reason enough for unbridled optimism, Nigeria's president also has got the sunniest name of any world leader: Goodluck Jonathan. They mustn't lay on the sidelines complaining about how exactly awful the overall game is and how incompetent the coach has been, but must see themselves as important players in the results of the overall game, starting a business offers a great challenge for those looking to improve things for the higher in Nigeria.
Nigerian youth have a peculiar problem to deal with in that, there's a steady growth in unemployment, bad leadership and an unfavorable business environment. My picture is of an increasing baobab tree, it can develop, in the backdrop are some young Nigerians playing soccer, there's hope but we will all have to put ourselves on the market and allow it to be work!
Reflecting on Hostede's classification of society to be either collectivist or individualist, one cannot help but consider Nigeria's position underneath the circumstance. It's hard to inform really, however, you can say, that much like a mixed economy, we may be embracing one or one other at different levels, or both complicated.
Businesses the world over, particularly in recent times, are trying harder to encourage team work, collaborative and therefore collective efforts toward actualizing set objectives, this system requires the cooperation of everybody on board. Africa is and is definitely a fundamentally collectivist society. If we could tap from this reserve of a great heritage in developing strong functional and ethical models upon which to perform our lives, enterprises and organisations, we would be taking the very best initiative towards achieving a significantly improved livelihood for our increasing amount of the needy and society as a whole. All hands must be on deck, harmonizing specialized skill from different, generations, backgrounds and cultures (which Nigeria is richly blessed with). This is a work for entrepreneurs, leaders.
The term needy is instructive here for most reasons. Nigeria and Africa at large is teaming with the needy. A need is just a requirement, and whatever degree of concern it's given, it is intended to be satisfied. Individual wants only encourage the generation of value which propels society. They are continually evolving; making the whole span of individual life, a trip toward the best satisfaction of an ultimate need.
I challenge say that to an enterprising mind, needs are as much an all-natural reference as fat, or even better, this being since without the necessity for any item or support, it stands to purpose that this product, or that company, is without price and thus useless, it creates no sense at all to supply it as something of value.
If an alternative supply of power where to be provided enough, the mega status of gas in the Nigerian economy will be relegated. This will encourage competitiveness, needed for a healthier economy, and superior to the mono gas economy we've however saddled ourselves with.
Initially glance, Nigeria doesn't seem like it's poised becoming a world player. Significantly more than 80 million Nigerians live on significantly less than $2 per day, 40 percent of the country never been to school, and 50% of Nigerian women are illiterate. Throw in the growing threat of terrorism in Africa, and the specific situation looks pretty grim.
That's, and soon you look deeper. Nigeria has two things opting for it: a sizable population (162 million) and lots of oil. Nigeria says it pumps out 2.53 million barrels of crude every day, which can be up there with heavyweights like Kuwait and Iraq. All of this oil is cycling cash into the Nigerian economy and minting new tycoons, which probably explains why more than 100 Nigerians have purchased private jets since 2007. Analysts from Pricewaterhouse-Coopers say that when Nigeria can beef up its schools and technology, it may balloon to the world's 13th largest economy by 2050, nestled between Turkey and Italy.
Naija Gist
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