Local and international leaders refrain from referring to Nigeria as “this great nation” because it has fallen from its once promising position.
Historically, great nations have made significant contributions to humanity during their prime, but Nigeria never had the chance to embark on such a path.
Nevertheless, the potential for Nigeria to become a great nation still exists, and all the necessary resources are within reach. As Africa’s most populous country, it must strive to rise and earn the accolades it deserves, or else risk sinking further into mediocrity.
President Muhammadu Buhari appealed to Nigerians to join forces with him in the endeavor of realizing the envisioned Nigeria, and some citizens responded.
In an article titled ‘Paradigm shift imperative on corruption’ published by Mack Ogbamosa, Esq and myself in The Guardian on October 19, 2015, we urged President Buhari to abandon the ineffective approaches of the past and explore innovative strategies instead. We presented various options, but the president chose to adhere to the old methods, resulting in predictable outcomes.
As seen in the history of great nations, Nigeria cannot be an exception. Poverty dominates the country, fueling corruption, a weak economy, and insecurity. Addressing mass poverty is the key to Nigeria’s ascent, while escalating poverty exacerbates other issues.
During the process of consolidating the All Progressives Alliance (APC) in 2014, Prince Tony Momoh, a former minister of Information and Culture and a board member of the party, invited Alhaji Lai Mohammed to his office with the purpose of briefing him on empowering Nigerians and the nation, thereby unleashing dormant abilities and transforming Nigeria into its first global enterprise.
At the conclusion of the meeting, Mr. Mohammed expressed astonishment and satisfaction but acknowledged that the APC’s economic think tank was actively working on revitalizing Nigeria at a rapid pace. I emphasized that eradicating poverty is fundamental, regardless of other considerations.
In December 2018, Prince Momoh wrote to former Vice President Prof. Yemi Osinbajo, seeking support for the project. A response received in January 2019 indicated that it was under review. However, after twenty months, Prince Momoh wrote to the Vice President again, advising him to establish a small team to delve into the project details, but no response was received.
Each industrial revolution has been driven by specific factors. The First Industrial Revolution relied on commodity money and mechanization, the Second Industrial Revolution revolved around automation and the Gold standard, and the Third Industrial Revolution was propelled by computerization and Fiat money. Consequently, each era had its own tools and monetary systems.
The ongoing Fourth Industrial Revolution, fueled by Artificial Intelligence (AI), is reliant on Fiat money. The integration of old currency with new technology is akin to old wine in new wineskins! An AI-based economy necessitates artificial income. I dedicated over twelve years to developing the currency algorithm for this new economic system.
President Bola Ahmed Tinubu pledged to continue following the footsteps of his predecessor. However, President Buhari’s tenure exacerbated poverty, insecurity, economic challenges, currency issues, and corruption, making it clear that his approach is not one to be emulated.
President Tinubu should grant approval to establish the team recommended by Prince Momoh to assess the viability of the idea.
The team should consist of the president’s chief economist, a member of the APC, PDP, and LP, a representative from the National Economic Council, a technologically adept youth, and a female candidate (as per my suggestion). In total, seven Nigerians would form the team.
The citizens of a nation are its greatest assets, but if they are impoverished and helpless, they become liabilities. No nation can sustain, subsidize, or substitute poverty and expect to thrive.
The democratization of education, communication, and access to information has revolutionized the world by making essential resources available, accessible, affordable, and safe. Money is a necessary component, and therefore, it requires the same level of attention.
Nigeria’s contribution to humanity lies in the democratization of money, which serves as the ultimate game-changer.
Poverty, affecting over a billion people, does not discriminate based on race, age, education, religion, or gender. It yields only to money, making the problem and the solution synonymous: money!
During the one-day event, I will elaborate on the narrative, entertain questions, and unveil the algorithm behind the scientific creation of money—a remedy for poverty.
Transforming Nigeria from the world’s poverty capital into a global financial hub may seem impossible, but it is achievable. It entails embracing the currency of the new world economy: digital and inclusive.
Nigeria is currently in a critical state of illness. Similar to a dehydrated and anemic patient too weak to stand, urgent transfusion of water, glucose, and blood is required—not mere prayers, platitudes, and sympathy!
Within just one month of new leadership, the naira, poverty, and hardships have deepened. The Nigerian masses have already endured extensive suffering and now need assistance, not additional pain and stress.
During a recent conference in Paris, President Nana Akufo of Ghana stated that Western aid and assistance from developed economies have never worked and will never work. If Nigeria is serious about leading the black race, such a message should have originated from us. Nigeria’s salvation and progress lie within our own actions and will never come from external sources.
The key deliverables are to transform Nigeria’s trajectory and have a global impact. Just as regular blood flow sustains a healthy body, consistent empowerment of citizens will initiate healing within communities and eradicate beggary from the streets.
The participation of the PDP and LP is necessary. In serious matters, as Americans would say, bipartisanship is crucial, and in our case, we are three parties involved.
