Mrs. Kemi Adesoun, said there are no quick solutions to the nation’s problems. Like she said here fixing the Nigeria's economy will not take a small amount of time, instead it will take a large amount of time. Fixing an economy in most cases is best when the economy fixes itself.
A former president of Nigeria, Olusegun Obasanjo has spoken up about the importance of borrowing in todays economy. "Enhancing revenue generation and obtaining best value for money expenditures," is what he called the speech he gave. It was explained that the nation can spend less on the goods the nation can do away with and borrow more to finance the economy.
Nigeria is facing so many problems such as ; corruption, Crime and terrorism, unemployment, education, the environment, infrastructure etc. But the main problem is corruption and the economy suffers because of this problem, because many of the corrupt officials are involved in the government.
These are 10 steps to fix the Nigeria's economy. These steps are wide various aspects of the economy and it could talk about from changing the value of Naira to increasing the number of countries we trade with and stabilizing the central bank of Nigeria.
The Nigerian economy is progressing slowly and this could be because of the growth of population. There are not enough resources in the economy to feed or satisfy the population. Therefore, growth is said to be one of the problems of Nigeria's economy.