|A Penny From My Thoughts - 9ja Explosion|
In October 1929, the stock markets in the Western world suddenly witnessed an unexpected shock and crash, sending the entire American economy several years backwards. The long term effect of this crash was the Great recession that lasted about a decade, until the advent of World War II.
It was during the period of this Great Depression that J. M. Keynes rose to the challenge as an Economist to propound a way forward from the depression and for the world. His theories and works later became what we now refer to as the Keynesian School of Thought…
Where is Nigeria currently?
Every Tom, Dick and Harry now claims that the nation is facing a period of recession, and as much as I know that they have little or no idea about what that even means, THEY ARE CORRECT. Nigeria just got served.
Where are the egghead economists of this great nation? What is our contributions to seeing that our nation comes out of the current recession stronger? How can we salvage the future of Nigeria from the crooked hands of recession, and ensure that our comeback is even way better than our position before we fell?
In the 1940’s after America’s industries kicked back into full production, there was a resounding overhaul of her manufacturing industry, such that her annual growth was almost triple of what it used to be before the crash of the stock market in October 1929.
Fellow economists of the order of the Niger (EON); let us rise to the challenge and answer the clarion call. Permit me to say that there is not a better time than now to create the “Nigerian Economic School of Thought” because any solutions we proffer right now gets to be on the records for life. And I can only imagine what the future would hold for the key proponents of this theories.ter time than now to create the “Nigerian Economic School of Thought” because any solutions we proffer right now gets to be on the records for life. And I can only imagine what the future would hold for the key proponents of this theories.