Topic: Economical instability : Roles Of Citizens (Read 129 times)

Okay, let me use the scenario of a driver and passengers to explain the true situation we're facing in the country, so we can understand who needs to solve our problems as Nigerians. This will also show that the bulk of the responsibility lies with our leaders and not just the citizens. Imagine a scenario where you have a driver and passengers. The driver controls the steering, direction, and speed of the vehicle, while the passengers rely on the driver to transport them to their destinations.

Now, if the driver lacks adequate knowledge or chooses not to use the right knowledge to navigate the vehicle in the correct direction, how can the passengers reach their destination? This is the role of leadership in every society. Our leaders are like our drivers, they have the power, knowledge, and tools to drive our economy. If our leaders fail to take the necessary steps to address issues and stabilize the country, we cannot expect stability from the citizens alone. Most of the time, citizens are like passengers and they rely on the decisions and actions of their leaders.

Our leaders must take the right steps and decisions to solve our problems. For example, some public analysts have suggested price controls on commodities sold in the country. However, how can there be price control when the government fails to alleviate the effects of hardships and price hikes on imports and transportation? These issues are interconnected. When transportation costs increase, marketers or product owners have no choice but to raise their prices to make a profit, however small.

It's only the government that can address inflation and price hikes especially in fuels used for transportation and agricultural inputs needed by farmers for increased production. Unfortunately, we find ourselves in a country where leaders operate on a trial-and-error model, which hasn't yielded the desired results for our nation.

Op you see that your number 3 points wey you outline e get as e be, nah because you no go expect me sell my own product very cheap because na locally made products then come go buy another person own very high price because them call am foreign product. Imagine where I need to sell 4 gallons for locally made palm oil just the dey able to gather money to buy a n electric blender for fruit juice just because nah foreign product. The equation no match nah. So nah make even the local products the sell high so them fit meet up when them want also buy foreign made products too, the difference for amount no go much.

I am a strong proponent of fair competition so I am not moved by some of the points you mentioned. If I enter market to buy things, I will go for the best quality at reasonable prices. I will not take because I want to patronize locals and buy substandard items at high prices. The past government close borders and forced all of us to buy local rice, at the end what happened, the local rice price rose far above the foreign rice even when the quality of some of those local very bad and substandard. What then is the result of such policy? If the local products are competitive in quality, I am sure people will naturally go for them. Check our fashion and music industry and see how well they are doing because the quality is great. Now many people go with native wears to occasions and functions and even in official meetings. Even the current president and top government officials are most on local attires unlike before they were always on tie.

It’s better we support our own local product, but when the problem starts from is that, local products are not produced well, most people prefer to go for foreign product because you are going to get the quality which you need. Let me use the rice which is being produced in dis country as an example, you will notice that if you buy some locally produced rice in dis country, they are not properly processed, some you go see stone and other things inside, but if you buy foreign rice, you no go see all those things inside, na y most people prefer to go for foreign rice,  if no be for now wey rice don turn gold.

U don see reason why people dey prefer foreign products, if we self start to dey produce things, and we dey do am well, then definitely people wey dey go dey buy am, if they just know say Wetin u dey produce dey okay. But for dis country, we don dey use to make we dey manage always.

If their is increase in foreign products, then expect a increase in local products also, na Nigeria for u be that, but it’s not suppose to be like that, if local products are cheap, most people will end up going for it, but if both local and foreign products are competing in price, then most people will rather go for the foreign products instead of local ones.

Everything lies in the hands of the government,  if the government can turn the country from consumption to production country it will really help the countries economy.  The goverment can help to make to improve the economy,  if government can look into Nigeria made products and start making use of this product,  the common citizens will emulate and will also make plans of start using Nigeria proud too. If government can ban foreign products and go into local production it will help the countries economy.

All of these  is very correct, but what I will only add to this is that citizens can only dance to the tune of all stated proceeding or rules,  cutting down price if local product  and only if the product is sufficient in the market because what is playing out in the society and our Local market is the issue of demand and supply , as it stand now the demand is high and supply is very small there is no way you can cut down because the demand is very high the only thing citizens can do is to see how themselves will produce as little as they can as per most of the local product to avoid buying all which increases the demand that leads to the prize hike.

 Economic instability occurs when the economy is very weak , the high inflation and high rate of unemployment which leads to people that are living in the country to buying less goods which will inturn affect production of goods because of reduction of demand , which will lead to the decrease of the country's GDP .

   The citizens are to help to control inflation within the country by regulating market price of goods , make use of available products and engage in self employment ,by generating incomes for themselves and assist one another ,spend your local currency .

It is good to support ones nation and join in the building of a peace economic community because we are all going to benefits from the conditions thereof, but we need to be more practical in this, consider the time there was a ban on the importation of rice, then, the people thought that things will be more affordable if we all subscribe to the local products in their varieties, but its such a pity that this was the beginning of inflation on the amount to buy one, are we not producing cars in Nigeria, how many people are subscribing to that, my point will go back to the government role in support of all these, the economy is not been controlled, if the people are complying and the government is not encouraging, how could there be a balance on these. 

Even if these ideas might work, it's crucial to remember that it won't be that possible to eradicate for Nigeria's economic problems. The problem of inflation is complicated and has many underlying causes, therefore solving it will call for a diversified strategy. To ensure that people have the skills necessary to thrive in a changing economy, the government might also invest in education and skill-training programs in addition to fostering new industries like tourism or technology. It could stimulate innovation and lower operating costs.

For now the citizens has no fault if they can't go to their farms to cultivate and harvest products like they use to before the advent of herdsmen and this insecurities here and there. People no longer dey farm because of the kidnapping wey dey everywhere and that one self follow make price of goods skyrocket. Omo me I no see wetin the citizens go do oo, in fact dey are already doing something to dey try to survive for this hard times for the country wey no light, no food and insecurities everywhere. No be small effort to survive for Nigeria as we dey see the rate of jakpa dey increase daily. So na the other way round, the government suppose make the people dey enjoy natural resources for the country.

I believe Nigeria is dealing with a lack of confidence in one another. There is a great deal of distrust amongst people who have various nationalities and beliefs. And I believe that one of the most effective methods to build trust is to provide greater chances for people to gather and connect with one another. This could take the way of joint endeavors or other activities that bring people together and get to know one another. As a result, this can help to create compassion and understanding, both of which are necessary for building confidence. It is also extremely important to provide greater opportunities for conversation, where people can share their viewpoints and firsthand knowledge.

The country itself is not stable, because if you look from behind the government are trying to meet up, to the citizens demand, but they couldn't, like you said corruption, insecurities and lack of standard economic. Mean while the economy of the country, as of today, has no achievement to the citizens.
 People are starving, some even drink water and go to sleep without eating, and some eating three square meal are now backed down to one.
  So for me i rather chase what's meant for me, than keep myself down waiting for the government to do something, I will struggle to do something to me .

Nigeria is facing Economic instability and inflation. The government has failed in many ways in terms of policy making to bring the Nation out from these hardships, corruption has eaten deep in all sectors of the Government. Citizens are complaining all over the Nation because of hardship being felt. However my point of this topic, is that despite the government having the major role to play Citizens of this nation also have their part to contribute by

1.Buy local and Encourage others to buy and support local products.
2.citizens should not use the high price of foreign products to affect locally manufactured products
3.products manufactured locally should be sold at affordable prices e.g palm oil, Garri, local rice, fish, onions, tomatoes, corn cassava wheat etc.
4. Support others in learning what will be beneficial to and their family

What are your input on roles of citizens in this Economical situation