Nigerian President Goodluck Jonathan, who is battling the insurgence, the Boko Haram, insurgence, may have 'started' by the support of AUST; African University of Science and Technology and the promise of the Nigerian to help the Film Industry with a 3 Billion Naira is supposed to be a welcome news. There is little or nothing anyone has said about this and many people seem to support this position by the Nigerian President and the Minister for Finance and Development Mrs Ngozi Okonji-Iwela.
It seems that the Nigerian economy is through the Central Banks of the new economic empowerment. The only purpose of removing the subsidy is to transition some of the money (resources) recovered from Oil Subsidy to other useful employment. This is a theme that is not far from Socialism yet it papers out as a Capitalist economy. What are Nigerians expected to do?
It must however be mentioned that the recent moves by the Federal Republic of Nigeria and its Central Banks to remove the subsidy will tactically tend to suggest that the Government is expanding, but the lean-in on Oil subsidy is a rude 20% tax awakening for Nigerians.
What is the opportunity cost of removing oil subsidy? It is somewhere between 15-25% inflation which is a form of taxes.
It does appear that the African Economies are attempting to fund their own investment on a level not quite seen before, perhaps, it is the entrance of China or Re-entrance of Russia into Africa that changed the focus, but perhaps it is the role of foreign interest in a country like Nigeria that makes the difference. It began to take place. But this funds are mainly driven by private
And the idea of Federal Government expansion is the opportunity cost of defraying its expenses to help its public crusade of privatisation. Since no incentives for such bold endeavors exist, we have to mention that the Nigeria need a new form of economic redemption or may be facing a present adverse effect with future consequences.
Removing oil Subsidy is a 'necessary evil' if there is anything like that. It is an extreme measure.
For the sake of money we must indicate that 'extreme measure' for the least good is not a necessary evil. It must also be said that no ends can justify any means that ignores public welfare, but against the heavy corruption of Nigerian Oil industry and heavy burden of debt on debt, the no subsidy economic policy is lesser of the two evils.
With all things considered, it may seem that the year will not end as it began. Nigeria is holding quite well, buying Naira, and wasting money.
How do we integrate the condition of African Economics with other economic communities of Carribean, North and Central America. The World may have seen it all, including the current stay of capitalism, American, Merchantilism like Japan, Neo-Communist China, Post-Communist Russia, but there is a local necessity for a probable struggling but finally evolving new form of economics - the Black economics. The economics of survival is the attempt to approach world market from behind, from the bottom. It has yielded the necessary attention but the rewards are not as encouraging.
Nigerian Oil Subsidy, ECOWAS; Economic community of West African States,
Government policies driving currencies, SAP; Structural adjustment programs, WAI; War against indiscipline, Better life Program, 1986 Austerity Measures, Privatization Scheme, Removal of Crude oil Subsidy and Redomination of the Nigerian Naira.; may be appropriate since the structure has not lasted,
The problem US is facing with 'rising cost' of Energy and natural resources such as grains, metals, lumber and Interference from International conflicts and growth of small sector,
The US debt is well of 50 trillion dollars as at 2012 and but the Nation somehow manages to hang in there as the number country in the world with 15 trillion dollars GDP, followed closely by the China with up to 8 trillion dollar GDP at 2012. But the facts that US is facing a stiff competition from the BRICS suggest that the world is expanding almost as simultaneously as the United States. If we compare China to US in terms of Debt to Earnings, China is perhaps a higher pedalstal.
Given the prevailing economic communities of BRIC Nations such as Brazil and China, and going from the spectacle of Leading Economic Indicators (LEI) of the world, it is easy to however break the ice that indicative national economic environment of these nations hardly anything justify the economic weights projected.
Yet China is quite an example and in so far as the BRICS, is as good they come. We are not to subtract the Community of hopefuls on China from real time economies of the world, but Chinese economic policies and degree transparency still disappoint. No country that pampers itself as a worthy challenge of major economies of the world should box itself to a corner or abitrarily operate in shadow.
We can assume that given the amount of industries available in the States versus the Chinese, should try out patience but there is an argument to be made about the return tof Shenshen.
India is worthy of consideration as any would expect, but it still wears the goggle of Third World Economy given the wider population to feed.
Then there is Russia. At some point in the more recent past, Russia was a major hope for he world but with new world theories and new innovation, the only empire is victim of its past and will likelyt struggle to prevail on the incubus of communist past.
In US, we are spectators of the dangling issue of Socail Security and the attempt at reforming Medicare and Medicaid with Obamacare. There is something of the relationship between these remedies and the growth of US market which in many areas are challenged by the BRIC nations. There is nothing to deny that even Americans are not aware of the huge responsbility that the future holds for their country or are they physically prepared to engage the rest of the developing nations of the world.
What remains of the Country is the instance its buying power which is a product of its market, where as market unlike price has a past and has a guarantee. Based on price participation of the United States economy is several economies of the world such as Nigeria, it is worthy of all consideration to indicate that Nigeria Market can give the rusty US Economy a growth handle for a decade or so, or at least allow the economy to reload. US like many other countries of the world can be broached through the redomination of Nigerian Naira.
Potentially Nigerian Economy is Base level on Crude Oil and without the Subsidy, it is no longer sponsor any of its 'closed end' lucrative economy but now open to local and foreign investment of all kinds. But whether this means that Nigeria Crude oil is can not be attached to foreign markets (has never been) is within the censorship but 'Closed end' with incentives is why there is a
There is lack of parallel markets in the world, but there is something that Nigerian economy (consumer perspective) can do towards widening the expansion rate of many Capital economy of the world, and we can speak for U.S since it has for many years appreciated a Return of Investment of the ROI in Nigeria. It may or may not should guarantee of investment of Turnkey American Industries.
If Nigeria is looking to force the calculus of trade to bear on its current market, it must move to position itself but abandoning the current buy back exercise of the Nigerian Naira. It needs to redominate its currency to accomodate any such future however dislocating.
The Nigerian stock market for instance is not insured by Britain or France, or by any of the European country or by the United States, or by any of the Asian economy. We need to emphasis the names of the specific Economic operating countries as proof that lasting relationship does exist between Nigeria and these countries but does not reast on it.
The Nigerian Stock Market is insured by the Central Bank and its bait is Nigerian Naira. The central Bank of Nigeria incures one of two things about its guarantees of the Nigerian Stock Market.
A redominated Nigerian Naira can transform the current economic life of most Nigerians.
A transition strategy
The strenght of any economy is measured by how quickly it transforms the life of citizens from poverty level to higher level. The rate (ratio) at which this happens in respect to other markets (demand and supply) forms the estimate of the nation's 'Transition Strategy' which is gradually a language of universal field theory.
The only short wave analysis of this sort of expression is Frege's mathematical 'continuum' as opposed to Pierce, is opposed to Riemann integral (integrable) within a fixed absolute value of a graph and closes 1%.
From negative perpective, a point must be reached in other to understand to a particular.... and therefore not applicable which is why other Integrable is considered useful in speculative economy
Rate of Transition Strategy can be defined as a 'function of a interval' (estimate of interval between ......