Nigeria’s Economic Problem: Population or Bad Leadership
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- เผยแพร่เมื่อ 4 มิ.ย. 2024
- ARISE Business Correspondent Rotus Oddiri spoke to the Morning show about Nigeria’s economic struggles between GDP growth and population size.
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This Rotus guy lives in a different world. He overlooks facts and chases shadow.
He was pushing for the removal of subsidies and the floating of the Naira. He has been bamboozled by the IMF/World hit team and cannot explain why the Naira is tanking.
What is the fact
@mikolowiskamikolowiska4993 oga, our leaders are too corrupt! That's why we are where we are today. Where was India in the past, and where are they today as per gdp and economic strength? Today their gdp per capital is not far from nigeria but their economy has become 5th largest in the world by good leadership and choices. They are 1.4 billion while Nigeria is 230 million. So gdp per capita is not a strong determiner. Have a strong and productive economy 1st.
Now population has become Rofus' argument? He is just a silly and confused economist, who can't accept that he was wrong and Rufai was right.
Our leaders make it look like Nigerians are making unnecessary noise, but when election comes they start to talk about renewed hope and mk baseless promises.
We need credible leaders that can manage our resources, end corruption, cut cost of governance, increase productivity, monitor, audit, visit and ensure execution of projects and policies. Not this wasteful APC and Jagabanist govt.
@@vok7584who is not corrupt? The followers? The average Nigerian is corrupt. The leadership is only a reflection of who we are as Nigerians - selfish, greedy, corrupt and indisciplined. If u remove these set of leaders and replace them with New set of Nigerians, they will be same or even worse. We better tell ourselves the truth. Nigeria's problem has gone beyond just leadership, it is now about mindset, lack of value, No patriotism etc.
@vok, fantastically said.
If Rufai was on that table there’s no how he will not fight Rotus once more
You can’t change the population, focus on productivity of the population.
So much delight listening to Dr Abatti all times, kudos Doc
Thanks Doctor Abati for the education provided to Rotus
It's a matter of views and perspective, don't make it look like Rotus doesn't knw wat he is saying
@@onimisimayaki8980he actually doesn't know what he's saying. This is not about views but facts and Dr. Abati laid the indisputable facts bare
May the love for "theory" not mislead Rotus. China grew to become a strong country despite her large population. Dr Abati thanks a lot.
How is inflation measured when prices of almost all commodities are over 100%.?
Take tough decision indeed. Only the unwise and wicked will give birth to kids they cannot provide for. Is it easy to raise a child in Nigeria now.
The current leader knew the population on Nigeria before contesting, so it's should not be a reason for failure.
The way Rotus celebrated subsidy removal and float of the Naira, I was thinking we would be in a better position by now.
Ask Rotus next month, he would not read the 3 books suggested
Population is not an issue, in fact it could be a blessing. People need to learn value added skills across many industries -> productivity.
You got that wrong. Nigeria doesn't produce enough food to feed the growing population.. Brazil has the same population as Nigeria and three million square miles
Thanks Doctor Abati
Is this even a serious question? America has over 300 million, India about 1.4 billion , China almost 2 billion, and these countries don't have half of our natural resources. So what are we saying
This is the level of misinformation we have in Nigeria. We don’t even produce more oil than USA talkleass of other resources
It's not about the resources but the market . Africa doesn't have a market it depends on foreign patronage
@@akintundefasuba9623And why should it be so??
Rotus operates on sugar high economic principle. First time Abatti make sense and I hope he continue to be objective.
If I remember well, Obi was taunted as being overly talking about numbers from Malaysia etc. Rotus who is an Agbado is now doing same 😂😂
That's good job
Obi was a governor for 8yrs
He disinterested increase anambra gdp
Rotus is bringing viewers to arise
What did òbí do
He was losing money on beer stocks
@@mikolowiskamikolowiska4993a brewery factories is an economic plus not minus mr. Man. He had 4bn federal location and managed it well. Go online and check all the projects he did with little resources.
Now, the question: is tinubu doing well o badly so far????
@mikolowiskamikolowiska4993 you are a very unfortunate bigot! TINUBU is your president not Peter Obi. Hold your EMILOKAN president accountable and leave Peter Obi out of our bigoted mouth!
@@mikolowiskamikolowiska4993but Tinubu was busy trafficking hard drugs. You are being paid crumbs to display stupidity on TH-cam for the drug trafficker and certificate forger. Ride on
una anylysis no dey ever make sense..was obi in charge of nigeria economy that made the stocks fall..@@mikolowiskamikolowiska4993
God bless you Dr. Abati
Bad leadership is a disease in Nigeria 😂😂😂😂
No country should need the currency of another country to trade and develop. A global reserve currency controlled by all countries equally is what the world needs for all countries to develop.
Thanks Ayo and Dr Abati for stating it clearly. Population is not a problem, it is what you do with it that matters @china, @ India, @Brazil. No wonder “developed” countries keep opening boarders. Their population control policy of yesteryears is impacting negatively on their Production
Population IS a problem
Innoson and other assembly plants are producing cars. We can encourage them by providing more capital for them to capture the West African car market!
Innosson is not producing cars, Innoson imports cars
@@sulaakshut up olodo!
That OpenAi sora is terrifyingly so dope. Food don done for content creators😂😂😂.
Omo while other countries are pushing the frontiers of innovation we in Nigeria are still using hoes and shovels for farming. 😂😂😂
Thank you dr abati for lecturing rotus. I was surprised when he said population was our problem. Rotus should stop being biased in presentation.
Rotus is right. How many times have you seen a poor gateman in Nigeria with 6 children but his boss who is rich has only 2. Population needs to be controlled too. As Nigerians, we don't like taking personal responsibility. We just l9ve to blame someone else for everything and in this case it's the bad leadership we have.
Biased???
You want to compare China's population or India's population to Nigeria? It's simply because our leaders are not thinking. Europe has been encouraging massive influx into their countries recently. U S has been giving massive scholarships to come in and study. People with even 2:2
@holywizful Europe and US are just taking advantage of cheap labour. Why train their citizens at cost of thousands of £ and Dollars when you can get Nigerian doctors, nurses, engineers for free
Well articulated my brother
Viewer from 🇿🇦
This is my take-many places in Abuja have steady power while some don’t even with the so-called subsidy on power. So there is no honesty on the part of the discos in terms of distribution, so what’s the guarantee that it will improve? We can take a lesson or two from the just removed subsidy on petroleum and notice how bad and poorly manage the aftermath has been. We don’t trust this government
I agree totally with the submission of Rotus on this...comparative analysis of GDP and population size.
Population is not a problem. It is really an asset especially for countries with young population like Nigeria. The younger population are the most productive if the government invest in them in terms of education and skill training.
This Rotus guy is just so unreal, is our population more than that of India and China?
Nigeria should really capitalize on its population dividend. A larger population size could be an asset.
Both!
Just like the way Abati keeps quiet while others are talking exhaustively
I personally believe much like our diversity, our population is our strength. This overpopulation talk is more from the West where they believe there are not enough resources, but in reality, they are fighting hard to control everything and in doing so, there is plenty plenty waste. We can increase productivity rather than adding another problem by trying to reduce population.
Ayo is in a different cloud...any objective person know we are overpopulated. That is why there are more clashes
If a central bank needs to use its forex to maintain a currency level continously then something is wrong...... interventions should be temporary and to achieve certain economic objectives
Rotus if you are seeing this know that there are no perfect solutions only trade offs. Make them wisely 🙏🏽
After covid killed so much, how are we sure of the estimated population in this countries?
Ok, if the population is the problems, what should we do about it? The only challenge Nigeria have is security, let farmers feel safe to go back to their farm, i cant listen for long, the guy sounds like motivational speakers, i don't understand too much grammar
Power is likely rocket science, my lady
Nigeria MUST tick these boxes FAST:
1. Production...
2. Cultivation...
3. Processing...
I hear some states are declaring fasting and prayers against hardship and poverty.
Jokers😅. As usual they just want to be in power by all means with zero Knowledge on how to solve the issues on ground.
He must have read "The Population Bomb"
Was this not what Rufai was trying to show you Rotus? You were busy putting him down then. Now you are forced to admit it
Don't mind him.
Population is a double edge d sword.....
I believe Nigeria s GDP is far higher than officially recognized due to high level of informal sector recordings
It is factored in.
Bad leadership period
Keep waiting for leader you hear. No go solve your problem
@@mikolowiskamikolowiska4993you are an animal. Why not tell people to carry arms and fight Fulani terrorists by themselves instead of the army. It will not be well with you.
Rotus is dodging the issue. Bad leadership is the reason why we are where we are.
There are leaders who are angry with what is going on in Nigeria, God have been preparaing them to lead Nigeria out of what we are in, but until the Nigerian people is angry enough and tired, these leaders will continue to grow in secrecy. remember even when moses wants to deliver the Isrealites they fought him and he went on exile, until he came back when the Isrealites themselves were ready for deliverance. With what I read online and on twitter, I think many Nigerians still think we don't need a radical emergency intervention. Till we are ready the people that can fix it will continue to be in hiding. However for now, it is good to have people keep saying what should be so that the children of today can know what is going on is not normal. Cheers!
Rotus go don collect money, nothing when you go tell m
Be a giant in agric and industry not entertainment
Rotus is way too unknowledgable to be a finance presenter.
See you how foolish this apc and Tinubu government look, he say nah satistics we go chop, but now he is talking about 1trillion economy in 2030. Countries in the same bracket with Nigeria have left them behind. 😢😢
A country where leaders and citizens are heading deffrent direction cannot move forward, apc politicians are ruling themselves
Nigeria GDP per capital is bigger in Africa but their population is too high. Its because the high population Nigeria is poor compare to Ghana
Wow since when did China reach 17Tn GDP😳😳
Nigeria problems are non production. Nigeria produces pastors instead of Doctors, we produce 419s instead of engineers.
We can still get it right if we go back to farm, this is only way out of food shortage.
We can not grow economically if we relied on importation, and having people like Emefiele in government
Bad leadership ofcourse.
I disagree with Ayo. We need to do both. The Average Nigerian should not give birth to more than 3 children. If you are poor, max should be 2 children. If you are very poor, max 1 child.
It is estimated that Nigerians foreign reserve will fall by 7billion usd by year end.......its not wise to use your forex to prop up a currency that you deliberately devalued .....it sounds dump
Probably created by AI, an agbado admirer, Rotus is always trying to push his insensitive views and bragging about anything
abeg make this Rotus guy dey anchor him own show, how is there always friction between these dual. Rotus is Arise TV economic analyst why bring him anyway
Not population related! But, president Bola Tinubu’s arbitrary fuel-subsidy removal without refurbishing to maximum capacities four moribund refineries, & throwing Naira into uncertainty, free floats markets that began depreciation of Naira. Those are two fiscal & economic policies errors by president Bola Tinubu.
CBN Cardoso must take full steady adequate management of Naira revaluations. US Federal Rserves can’t throw Dollar exchange rate to global winds.
Keep on playing. Your government is not in this planet 😊. Good governance is not impossible period
Nigeria GDP per capital is cost the problem they believe themselves they are richest country in Africa but to me Nigeria is poverty headquarters in Africa
China is cutting down on population growth...
Rotus shows very clearly that he doesn’t understand or have idea about solutions to the challenges facing Nigerians
It's a matter of views and perspective, don't make it look like rotus doesn't knw wat he is saying
We need to control birth rate aswell
After abusing Obi every body is now copying Obi’s use of statistics
No mind dem.
They are victims of the sunk cost fallacy. They have invested so much in excluding the Ibos that they have to continue with their failed policies in the face of indefensible facts on the ground. Why was power rotation discontinued when it became the turn of the Ibos? Will the charade stand?
Rotus I always skip arise news on your segment
Is Nigeria not battling terrorism?
This is a very misguided video. Firstly you should not be using GDP nominal to compare countries that are using different currencies, you must use PPP. Secondly reducing population should not even be your first thing to talk about, it’s increasing productivity, that’s the solution to all. The people need to be given the right economic and social environment to increase their economic output.
Rotus is living in a glass house on an island. That is the way business people think.
Rotus is right. How many times have you seen a poor gateman in Nigeria with 6 children but his boss who is rich has only 2. Population needs to be controlled too. As Nigerians, we don't like taking personal responsibility. We just l9ve to blame someone else for everything and in this case it's the bad leadership we have.
Is it not easy to ensure accountable leadership than control population? Countries with higher population are there. I know there are challenges with increasing population but the benefits outweigh the challenges. If we have good leadership that is creative to empower the young people in Nigeria with 21st century skills, you will see how Nigeria will conquer Africa and the world. But what we see is that leadership is in comatose and not creative in problem-solving.
Lol you used China that had a strict population control and has one party system...dey play Dr Abati
How many wife’s does Dr. Abati have, more wives, more children, of course he wouldn’t see anything wrong with have 10 children.
This Rotus need to receive lectures from Sowore , a supporter of fuel subsidy removal, he is wiggling his head as if he knew everything. Theory guy
Rotus, text book economist without practical experience.
Dr Abati should go to Brazil and go and see gang clashes and violence...and their police nko...you want to compare their brutality to Nigeria...we have too much academic argument not grounded in reality. In Dr Abati productive? Where is your farm or farms Sir?
Brazil >>>>>>>>>>> só much better than >>>>> Nigeria
@@italomatheus8615 Brazil has the highest number of intentional homicides in the world, with 57,358 in 2018. In recent years, the homicide rate in Brazil has begun to decline. The homicide rate was 20.64 per 100,000 in 2020 with 43,879 killings, similar to 2019, but down from 30.67 per 100,000 in 2017. Ignorance remains the world's number 1 problem...even with the drop in violence...Brazil remains one of the most violent ...so please do not pee on us and tell us it is raining.
@@touskinhouskin most homicides are by drug dealers who kill drug dealers from another gang.
@@touskinhouskin You came to me with data on violence, now tell me a terrorist group in Brazil? Boko? lol
@@touskinhouskin Besides the violence, tell me something you say about my country that is better in yours? anything. Nigeria will have the development of Brazil from 2023 to 2075 lol
This Rotus guy is just so unreal, is our population more than that of India and China?