Nigeria’s cheerless economic growth indicator

President Goodluck Jonathan

By Paul Arhewe

Economics is full of ambivalences; some would add it is a whole load of bullshit. Why? Economists talk from two sides of the mouth. A reality could be painted good and bad, all at the same time in the same way they could talk of growth without development. What sets me on the edge is the recent revelation that our dear Nigeria is the third fastest growing economy in the world. With annual growth rate of 7.68 percent, she trails behind Mongolia (14.9 percent) and China (8.4 percent). The above revelation, no doubt, should have been one that should have boosted the dampened spirit of the highly impoverished people of the country, especially from the ethereal level against a future expectation that things might turn better for them. I would rather such indexes came as in-dicators for the real economy situation on improved standard of living for Nigerians.

Of the US, North’s underdevelopment and Boko Haram

 By Paul Arhewe

A rural Nothern Nigerian houses



Can the United States of America afford to be indifferent to developments in Nigeria? The answer is a categorical no! Reason is that there is a strong trade relation between both coun-tries, mostly on oil. It is worth over $42 billion a year and growing. In 2010, the two countries entered into a Bi-national Commission Agreement, which is de-signed to deepen bilateral relations be-tween the two countries. The strategic interest of Nigeria to the US and indeed the West lies in the fact that she is Africa’s most populous nation, its largest contributor of peacekeepers, its largest producer of oil, and the largest recipient of direct investment by the American private sector in sub-Saharan Africa. It is therefore, natural that the American government cannot ignore the problems facing our dear Nigeria. I reason within the context of the recent statement credited to the US Assistant Secretary of State, Johnnie Carson linking the pervasive poverty in the North with the deadly attacks of the Islamist militant sect, Boko Haram.

Foreign policy to spur economic diplomacy

L-R: President Goodluck Jonathan and his US counterpart, Barack Obama. Photo: USAfricaonline.com

Paul Arhewe

(Published January 6, 2012)

Foreign policies adopted by any countries have some reflections of internal happenings on homefronts. Nigeria’s foreign policy over the years has nosedived after the many decades of concentration on Africa. The interventions to restore peace in Liberia, Sierra Leone and the fight against apartheid in South Africa, Zimbabwe, Angola amid other missions of mediating in conflict prone countries like Gambia , Mali, Burkina Faso among others signify the height in foreign interventions in the 1990s. Since the last few years the country’s foreign relations have been tamed, mainly due to internally overwhelming problems associated with finding footings for our nascent democracy amid pressing economic malaise.

Last year, government charted a new path for the country’s foreign policy thrust, with the concentration to be on policy that promotes growth and national development. In this new policy both private partnership and foreign missions would be utilised as new vanguards and foot-soldiers in economic diplomacy.

Nigerian Foreign Affairs Minister, Olugbenga Ashiru, while throwing more light on the new paradigm shift emphasised that “We will redress existing imbalances and forge a strong partnership with organised private sector, OPS to assist economic growth. Consequently, members of OPS would frequently constitute part of any bilateral discussions between our governments and other foreign delegations, so that Nigeria can benefit from visits to and from other countries.”