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Nigerian Economy in 2010 – Prospects and
Challenges
By
Peter Alexander Egom
The golden jubilee year for independent Nigeria comes up from October 1, 2010. This
is not a small matter. Neither for us Nigerians, nor for us Africans, nor even for the rest
of the motley world of Europeans, Amerindians, Asians, Arabs and other humanity. For,
in God Almighty’s calendar of events, 2010 is the watershed year for the global
economic emancipation and restoration of the black race from the harsh centuries of
economic enslavement, despoliation and dissipation in the hands of Arabs and
Europeans, mainly. And, the globe will not be the same again as this new era of
economic freedom and responsibility for each black human being, begins in Nigeria, the
anchor nation of the black race, from 2010.
For, as God Almighty steps boldly and visibly into the nature and causes of the wealth
and poverty of nations, we begin to see clearly that the model of any market economy
could work either in the interest of inclusion and the common good or in the interest of
exclusion and the private good; either for the across-the-board upliftment of the social
and material circumstances of each member of any economy or for the differential,
apartheid and priviledged upliftment of the social and material circumstances of the few
whilst the many of the economy may scrape and grovel here and there for a niggardly
existence.
So, in economics, there is either the common good and communitarian model of the
market economy of Jesus and grace or the private good and capitalist model of the
market economy of Mammon and sin, and nothing in-between. And, these two models of
the market economy differ on the basis of their underlying economic metrics. For, the
popular sovereignty and equity economic metric underpins the communitarian market
model of Jesus and grace, where the elitist sovereignty and debt economic metric
undergirds the capitalist market model of Mammon and sin.
As we, thus, factor God Almighty into global economic cause and effect so do we
become aware of these three economic truths about the past, present and future
conditions and circumstances of any market economy of the globe as follows:
• As any market economy is obliged by its elitist sovereignty debt unit of economic
measurement to obey the usury and ceaseless-taking market laws of Mammon, so will
the ethical vices of greed and avarice bring about such a growing imbalance in the
distribution of economic opportunities of jobs, goods and services among its people that
would inevitably lead it to keel over in tears, strife and war.
• But, as any market economy is obliged by its popular sovereignty equity unit of
economic measurement to obey the charity and ceaseless-giving market laws of Jesus,
so will the ethical virtues of care and compassion bring about such a growing balancing-
out and de-concentration in the distribution of the economic opportunities of jobs, goods
and services among its people that would lead it to flow with the joy, bonhomie and
peace of social and material plenty.
• And, since God Almighty is the Master of Time and History, and since Jesus has
reconciled man, in all materials particular, with God Almighty and with man as well, then
any market economy of the globe will, with time, transit inevitably from its current harsh
era of the want and strife of Mammon’s economics of sin to the emerging and soothing
era of the Jesus’ economics of grace. And this is what explains the current and
intractable global financial meltdown. Global capitalism has knocked engine pata-pata.
And global communitarianism is taking over.
Furthermore, we begin to see that the key character of any model of the market
economy is how it spreads people on the ground in work, reward, rest and play. Thus we
find that any model of the market economy which rests on the elitist sovereignty debt
unit of economic measurement has the urbanized way of jumbling up peoples of different
cultures, languages and religious observances in one place in order to make it easy for
the few to divide and rule the many. This is the urban industrial scheme which uses the
internal dual economy syndrome and the external centre-periphery syndrome to deprive
the many, in especially the developing market economies of the globe, of their rightful
dues of social and material care. However, the case is different in any market economy
whose model of market management rests on the popular sovereignty equity unit of
economic measurement. For here we find that people of different cultures, languages
and ethnic backgrounds are allowed to remain, work and thrive in their separate
ancestral lands of origin as ordained by God Almighty in Acts 17: 26-27. This is the rural
industrial scheme which uses the Rural Industrialization-Road-Map, RIROMAP, to enable
people to use their local resources of men, materials and money to satisfy their local
needs for goods, services and jobs within their ethnic, linguistic and cultural domains.
In essence, what the God Factor brings into our understanding of global economic
cause and effect is that, today, every developed and developing market economy of the
globe is at the cusp of its inevitable transition from its current debt-money-based pattern
of industrial urbanization and industrial outsourcing of Mammon and sin, to its new
equity-money-based pattern of industrial ruralisation and industrial in-sourcing of Jesus
and grace. Accordingly, the emerging global model of the market economy of grace and
Jesus will emphasize two-things in the management of any market economy as follows:
• It will arrest the drain and drift of the resources of men, materials and money from
the rural areas to the urban areas of nations and from the developing nations to the
developed nations of the globe.
• It will engender the reverse flow of men, materials and money from the urban
areas to the rural areas of nations and especially from the developed to the developing
nations of the globe.
The arrest and reversal of resource flows from the rural areas to the urban areas of
nations and from the developing periphery capitalist nations of the rest of the world, and
of Africa especially, to the developed centre-capitalist nations of the West will be
brought about by the new set of popular sovereignty and private-sector-led Charity and
Exodus Banks for Settlements, CEBS. Thus, we find that, within nations, it is the popular
sovereignty and private-sector-led charity and exodus Bank for National Settlements,
BNS, which will be responsible for eliminating through RIROMAP, Rural Industrialisation
Road-Map, the dual economy syndrome of the rural-urban drift of resources from the
internal market structure of any nation. And, it is the duo of the popular sovereignty and
private-sector-led charity and exodus Bank for Regional Settlements, BRS, and the
popular sovereignty and private-sector-led charity and exodus Bank for Global
Settlements, BGS, which will be responsible for eliminating through, respectively,
REGIROMAP, Regional Integration Road-Map, and GIROMAP, Global Integration Road-
Map, the centre-periphery syndrome of the flight of men, materials and money from the
poor! periphery-capitalist nations of Africa, for example, to the rich! centre capitalist
nations of Europe and North America.
So, come 2010, the global economy will, at the cue of the Nigerian economy, experience
the sea-change of the golden jubilee balance in human development. This is the new
era of the global buffet economy. And what will happen in the Nigerian currency,
financial and industrial markets to herald this balanced development of global humanity
is the compact and vivid content of Table 1 below .
Here we see how the golden jubilee market model of Jesus and grace will give every
Nigerian child, man and woman the level-ground social and material market space to live
in freedom and responsibility. He receives the regular and standard Citizen Wage of,
say, 10.000 naira every month to enable him to keep body and soul together in line with
Exodus 16: 16-32 and Acts 6: 2-4; he receives, as and when required, tranches of the
vocation fund to expedite his entrepreneurial activities within the rural womb of his
community of kinsmen; then the Joseph fund is used in periodic tranches to build,
operate and maintain the social, market and physical infrastructures for the inclusion of
the industrial activities of each Nigerian into the Nigeria-wide electronic network of back-
to-back stock and commodity exchanges; and, if he is a Nigerian economic refugee and
returnee from the rest of the world, he receives a standard portion of the Exodus Fund,
of say 300.000 US dollars, from BAS to resettle him firmly and with aplomb into his rural
enterprise within his rural community of origin and kinsmen
The market funding principles of Table 1 above revolve around the core level-ground
market issues of justice, charity and restitution. It, thus, follows that the bulk of the
sources of funds for promoting and funding the integral human development of every
Nigerian child, man and woman from 2010 onwards will necessarily come from the
proceeds of the root and branch and imminent programme of loot-retrieval within the
putrid ranks of the past and current civilian and military looters of the Nigerian public
gold. For, in the emerging Nigerian Jubilee economy of Jesus and grace, equity
financing is the only financial name of the game and Nigeria will not need to borrow a
dime, at home or abroad, to fund the integral human development of every Nigerian
child, man and woman from 2010 onwards. And so it is written.
Challenges
By
Peter Alexander Egom
The golden jubilee year for independent Nigeria comes up from October 1, 2010. This
is not a small matter. Neither for us Nigerians, nor for us Africans, nor even for the rest
of the motley world of Europeans, Amerindians, Asians, Arabs and other humanity. For,
in God Almighty’s calendar of events, 2010 is the watershed year for the global
economic emancipation and restoration of the black race from the harsh centuries of
economic enslavement, despoliation and dissipation in the hands of Arabs and
Europeans, mainly. And, the globe will not be the same again as this new era of
economic freedom and responsibility for each black human being, begins in Nigeria, the
anchor nation of the black race, from 2010.
For, as God Almighty steps boldly and visibly into the nature and causes of the wealth
and poverty of nations, we begin to see clearly that the model of any market economy
could work either in the interest of inclusion and the common good or in the interest of
exclusion and the private good; either for the across-the-board upliftment of the social
and material circumstances of each member of any economy or for the differential,
apartheid and priviledged upliftment of the social and material circumstances of the few
whilst the many of the economy may scrape and grovel here and there for a niggardly
existence.
So, in economics, there is either the common good and communitarian model of the
market economy of Jesus and grace or the private good and capitalist model of the
market economy of Mammon and sin, and nothing in-between. And, these two models of
the market economy differ on the basis of their underlying economic metrics. For, the
popular sovereignty and equity economic metric underpins the communitarian market
model of Jesus and grace, where the elitist sovereignty and debt economic metric
undergirds the capitalist market model of Mammon and sin.
As we, thus, factor God Almighty into global economic cause and effect so do we
become aware of these three economic truths about the past, present and future
conditions and circumstances of any market economy of the globe as follows:
• As any market economy is obliged by its elitist sovereignty debt unit of economic
measurement to obey the usury and ceaseless-taking market laws of Mammon, so will
the ethical vices of greed and avarice bring about such a growing imbalance in the
distribution of economic opportunities of jobs, goods and services among its people that
would inevitably lead it to keel over in tears, strife and war.
• But, as any market economy is obliged by its popular sovereignty equity unit of
economic measurement to obey the charity and ceaseless-giving market laws of Jesus,
so will the ethical virtues of care and compassion bring about such a growing balancing-
out and de-concentration in the distribution of the economic opportunities of jobs, goods
and services among its people that would lead it to flow with the joy, bonhomie and
peace of social and material plenty.
• And, since God Almighty is the Master of Time and History, and since Jesus has
reconciled man, in all materials particular, with God Almighty and with man as well, then
any market economy of the globe will, with time, transit inevitably from its current harsh
era of the want and strife of Mammon’s economics of sin to the emerging and soothing
era of the Jesus’ economics of grace. And this is what explains the current and
intractable global financial meltdown. Global capitalism has knocked engine pata-pata.
And global communitarianism is taking over.
Furthermore, we begin to see that the key character of any model of the market
economy is how it spreads people on the ground in work, reward, rest and play. Thus we
find that any model of the market economy which rests on the elitist sovereignty debt
unit of economic measurement has the urbanized way of jumbling up peoples of different
cultures, languages and religious observances in one place in order to make it easy for
the few to divide and rule the many. This is the urban industrial scheme which uses the
internal dual economy syndrome and the external centre-periphery syndrome to deprive
the many, in especially the developing market economies of the globe, of their rightful
dues of social and material care. However, the case is different in any market economy
whose model of market management rests on the popular sovereignty equity unit of
economic measurement. For here we find that people of different cultures, languages
and ethnic backgrounds are allowed to remain, work and thrive in their separate
ancestral lands of origin as ordained by God Almighty in Acts 17: 26-27. This is the rural
industrial scheme which uses the Rural Industrialization-Road-Map, RIROMAP, to enable
people to use their local resources of men, materials and money to satisfy their local
needs for goods, services and jobs within their ethnic, linguistic and cultural domains.
In essence, what the God Factor brings into our understanding of global economic
cause and effect is that, today, every developed and developing market economy of the
globe is at the cusp of its inevitable transition from its current debt-money-based pattern
of industrial urbanization and industrial outsourcing of Mammon and sin, to its new
equity-money-based pattern of industrial ruralisation and industrial in-sourcing of Jesus
and grace. Accordingly, the emerging global model of the market economy of grace and
Jesus will emphasize two-things in the management of any market economy as follows:
• It will arrest the drain and drift of the resources of men, materials and money from
the rural areas to the urban areas of nations and from the developing nations to the
developed nations of the globe.
• It will engender the reverse flow of men, materials and money from the urban
areas to the rural areas of nations and especially from the developed to the developing
nations of the globe.
The arrest and reversal of resource flows from the rural areas to the urban areas of
nations and from the developing periphery capitalist nations of the rest of the world, and
of Africa especially, to the developed centre-capitalist nations of the West will be
brought about by the new set of popular sovereignty and private-sector-led Charity and
Exodus Banks for Settlements, CEBS. Thus, we find that, within nations, it is the popular
sovereignty and private-sector-led charity and exodus Bank for National Settlements,
BNS, which will be responsible for eliminating through RIROMAP, Rural Industrialisation
Road-Map, the dual economy syndrome of the rural-urban drift of resources from the
internal market structure of any nation. And, it is the duo of the popular sovereignty and
private-sector-led charity and exodus Bank for Regional Settlements, BRS, and the
popular sovereignty and private-sector-led charity and exodus Bank for Global
Settlements, BGS, which will be responsible for eliminating through, respectively,
REGIROMAP, Regional Integration Road-Map, and GIROMAP, Global Integration Road-
Map, the centre-periphery syndrome of the flight of men, materials and money from the
poor! periphery-capitalist nations of Africa, for example, to the rich! centre capitalist
nations of Europe and North America.
So, come 2010, the global economy will, at the cue of the Nigerian economy, experience
the sea-change of the golden jubilee balance in human development. This is the new
era of the global buffet economy. And what will happen in the Nigerian currency,
financial and industrial markets to herald this balanced development of global humanity
is the compact and vivid content of Table 1 below .
Here we see how the golden jubilee market model of Jesus and grace will give every
Nigerian child, man and woman the level-ground social and material market space to live
in freedom and responsibility. He receives the regular and standard Citizen Wage of,
say, 10.000 naira every month to enable him to keep body and soul together in line with
Exodus 16: 16-32 and Acts 6: 2-4; he receives, as and when required, tranches of the
vocation fund to expedite his entrepreneurial activities within the rural womb of his
community of kinsmen; then the Joseph fund is used in periodic tranches to build,
operate and maintain the social, market and physical infrastructures for the inclusion of
the industrial activities of each Nigerian into the Nigeria-wide electronic network of back-
to-back stock and commodity exchanges; and, if he is a Nigerian economic refugee and
returnee from the rest of the world, he receives a standard portion of the Exodus Fund,
of say 300.000 US dollars, from BAS to resettle him firmly and with aplomb into his rural
enterprise within his rural community of origin and kinsmen
The market funding principles of Table 1 above revolve around the core level-ground
market issues of justice, charity and restitution. It, thus, follows that the bulk of the
sources of funds for promoting and funding the integral human development of every
Nigerian child, man and woman from 2010 onwards will necessarily come from the
proceeds of the root and branch and imminent programme of loot-retrieval within the
putrid ranks of the past and current civilian and military looters of the Nigerian public
gold. For, in the emerging Nigerian Jubilee economy of Jesus and grace, equity
financing is the only financial name of the game and Nigeria will not need to borrow a
dime, at home or abroad, to fund the integral human development of every Nigerian
child, man and woman from 2010 onwards. And so it is written.