Nigeria’s Economic Problems: The Drone Experience, By Johnson Babalola

The New Diplomat
Writer

Ad

Sad! Senator Dies in Abuja Hospital While Raising Funds for Treatment

By Abiola Olawale Former Senator Ibrahim Musa Kontagora, who represented Niger North Senatorial District of Niger State at the Senate from 2011 to 2015, has passed away in an Abuja hospital on Thursday. Reports indicate that Senator Kontagora passed away after a Hospital in Abuja allegedly delayed a critical surgery due to an unpaid $15,000…

Why Oil Prices May Be Stuck Below $72

Kuwait expects oil prices to remain below $72 per barrel in the near term, Tareq Al-Roumi, the Oil Minister of one of OPEC’s top producers, said on Thursday. Brent crude prices were trading at around $67 per barrel early on Thursday. Kuwait, as well as OPEC, are monitoring the market and all statements coming from…

The 20 Largest Cryptocurrencies by Market Cap

Bitcoin remains the largest cryptocurrency with a $2.36 trillion market capitalization, more than 5x larger than the next largest cryptocurrency, Ethereum. Layer 1 tokens and stablecoins dominate the rest of the top 10 largest cryptocurrencies, however, memecoin Dogecoin still ranks ninth with a $37 billion market cap. Cryptocurrencies are among the most volatile and innovative…

Ad

Nigerians are the best analysts of the nation’s problems. Leaders and others take to the media to speak about why the nation’s economy is stunted. The social media is awash with the big reasons like “we are not exporting enough”, “there is a lot of corruption in the system”, “we lack infrastructures” “our education system is nothing to write home about” etc. While all these are true and should be talked about and addressed, we often forget the little things that have huge impacts on the nation’s economy. I sum them up under a single word: selfishness. Sadly, and if the truth is to be told, majority (not all) of us are simply selfish. It is almost impossible for a selfish people to birth, grow and make a success of a nation. Everyone reading this might have already concluded “JB is not referring to me”. Really? In the next few weeks, we’ll go through some of the little things that impact the growth of our nation. We start with the drone experience.

Early this year, a client attended my office in Toronto to discuss business immigration. Then we got talking about why he wanted to leave Nigeria.

“Sir, as you know, I am a young Pilot though with 10 years international experience and business exposure. I am highly successful and I have a business head. I cater to private clients, obviously the rich”

“I know”

“So, I got this idea to start a drone manufacturing company in Nigeria. I registered the company, got the land, got my business plan done, got the finance and made my applications for approvals”

“Yes”

” Then I got stuck ”

“What happened?”

” One of the approving agencies refused to grant approval ”

“They must have good reasons”

“Well, so I thought until I had a meeting with the Board. At the meeting, I was asked why I flew a particular politician about 6 months earlier. I responded that I was hired to fly him like others. Then, they told me they would keep my approval on hold.”

“Seriously?”

“Seriously sir. I am now working on establishing the business in another African country. Within 3 months, I got all my approvals. As Nigerians, we must not allow personal vendetta to have a place in making decisions that will move the nation forward. We must change our attitudes and see beyond politics in building the economy of the country. How many people like me, have had their investment dreams in the country truncated for similar reasons? I bet there are many of us. May God help us to help our nation”

“Wow! We are our own enemies. It helps if every Nigerian does a soul search about the roles he or she had played one time or the other in truncating for selfish reasons, brilliant business ideas that would have moved the nation forward. I hope you return someday. Nigeria remains a nation with a lot of potentials”

“If the conditions change for the better, I will consider it

NB: Johnson Babalola is a Canadian immigration lawyer, writer, storyteller, and story-based management trainer. Follow him on IG @jbdlaw; FB: https://www.facebook.com/jbdlaw and www.johnsonbabalola.com

Ad

X whatsapp