Lessons from Brazil and South Africa | adekkatv
By abiodun KOMOLAFE The best way to view the Nigerian nation is that it stands at a critical juncture. The central question is how to transform it from its current state into the country it ought to be: one of the world’s top 12 economies, with a low poverty rate and a growing, sustainable middle class. In this context, the actions and decisions of the current government are particularly significant. The present government has made a very good start. While this is a contentious statement, it is the stark and honest reality. Without a painful fiscal rebalancing of the economy, Nigeria would have been a basket case by today, seeking a bailout from the International Monetary Fund (IMF). Therefore, the Bola Tinubu-led government deserves credit for averting what could have been a humiliating disaster and betrayal of the high hopes of independence. In the span of just a few days, two events have occurred that helped to illuminate Nigeria’s current dilemma. The president’s state visit ...