As Nigeria marks 25 years of democracy, the critical question is how this has positively impacted the lives of Nigerians. The saying, "na democracy we go chop?" highlights the need for tangible benefits from democratic governance. The country, once known for saying, "Money is not the problem, but how to spend it," is now struggling to survive. Many ask;’’ how did we get here?’. 

Implementing an improved national minimum wage is seen as a crucial step toward alleviating the suffering of Nigerians. Apart from providing salary workers with decent pay, it is expected to stimulate the economy by increasing people’s purchasing power, and workers’ productivity. Business owners would benefit through stimulated demand and the government would receive more taxes. Long-term benefits to the nation include a reduction in crime and insecurity.

If the proposed Executive Order on “Inflation Reduction and Price Stability (Fiscal Policy Measures) Order 2024” is signed by the President, it will bring relief to both citizens and businesses. The proposal includes suspending import duties and other tariffs for six months on staple food items, raw materials for manufacturing, agricultural inputs, pharmaceutical products, poultry feeds, flour, and grain. While the government will lose some revenue, there are questions about what will happen after the six months.

The government should intensify its efforts to improve infrastructure, particularly in areas of transportation and power. A significant challenge remains insecurity, which has gradually crippled the country. Agriculture and mining, crucial sectors for economic diversification, are most affected. Nigerians are looking for immediate impact in job creation. With high unemployment rates, particularly among the youth, the government’s economic reforms must prioritize creating job opportunities. Improving citizens’ access to quality healthcare and education is also essential for national development.

Corruption continues to be a major obstacle to Nigeria's development. The government needs to increase its efforts to combat corruption, ensuring that public funds are used efficiently and that individuals involved in corrupt activities are held responsible. Transparent and accountable governance will help to establish public confidence and garner support for the government's initiatives.

As Nigeria celebrates 25 years of democracy, speeches alone are not enough. Nigerians desire results and improvements in their lives. They want to see more concrete actions and outcomes from the promises made. While celebrating the journey, the government must deliver on its commitments and ensure that democratic governance translates into better living conditions for all citizens.

The journey of democracy is ongoing, and while celebrating milestones is important, the true measure of success lies in the improved living standards of the people. Nigerians are not just looking for assurances; but for results that will make a real difference in their daily lives. The government must rise to the challenge and deliver on its promises to build a better future for Nigeria.

Author: Kenechukwu Aguolu FCA, PMP, CBAP

Business Analyst | Project Manager | Chartered Accountant | Public Affairs Analyst

Abuja, Nigeria         This email address is being protected from spambots. You need JavaScript enabled to view it.