By Mogaji Wole Arisekola
Nigeria’s Economic Tragedy: A Nation That Produces Nothing and Relies on Ghost Parastatals!
By Mogaji Wole Arisekola
What exactly are Nigerians producing today? The honest answer: absolutely nothing.
While the rest of the world is building industries, innovating in technology, and exporting value, Nigeria is sinking deeper into a cycle of dependency and consumption. In advanced economies, governments don’t run businesses—they create policies, infrastructure, and incentives that allow private enterprises to thrive. Yet in Nigeria, we cling to the illusion that government-owned companies (most of which are bankrupt or corrupt) will somehow revive our economy.
Here’s the hard truth: the private sector drives prosperity, not bloated government parastatals. Until Nigeria empowers entrepreneurs, dismantles red tape, and ends this addiction to state-controlled enterprises, the dream of economic transformation will remain just that—a dream.
Mogaji Wole Arisekola writes from Ibadan.
