First, we must appreciate the fact that the Nigerian economy is not only to look back, but have brought untold hardship to the citizens of the country, even then, the economic situation of the country quickly prove insurmountable a number of the best economic heads of the country and even international organizations like IMF, World Bank and other equally.

Many ordinary Nigerians

wake up today and find nothing to eat, not as a result of laziness, but lack of jobs is another factor among many. A situation where students are willing to participate in lectures, but the funds have still rising tuition fees on an annual basis is nothing but terrible situations. Only the average Nigerians understandably can explain their bad situations, because we bite us. Even worse, in Nigeria have facilities not in compliance with the affordability of the people. Prices of goods rise, while the jobs are lacking.

Here is a country where the government observe their subjects forhard prepart times ahead. Dates are also on to start if such harsh measures is given. The government of Nigeria did this, if, if in spite of the poor purchasing power of the masses, it announced that it has been placed on increasing the price of petroleum products in the country. Reasons, had not taken note of the government concern of economic dependence on oil in Nigeria, relieve the suffering of the people and is the Nigerian government to prove his subjects that his thumb is thicker than her waist. With this development already in hand, Nigerians are set to return to suffer more.

Nigerians live in abject poverty, and it is so common that it is at worst a waste of time if this attribution shall amount to several countless statistics are based often used to justify the economic positions and situations of the country or their citizens. Nigeria is among the poorest nations of the world that so many people are doubtful of the country but the situation is far worse than they have. Some of these particular members of the international community that Nigeria is a bit rich hinge usually in their argument on the amount of money corrupt Nigerian officials have often think.

people of the world countries wonder if they read our newspapers that a certain official was found with a perhaps over 8 billion U.S. dollars in Nigeria, an amount that can be hardly found on a British official. The members of the international community to ask why most of these officials are no visible punishment imposed in order to go unpunished. “Nigeria is a rich country,” they conclude and a country like Nigeria, where anyone can create and realizes that his little boy neighbor suddenly has one million with a value of around one million N3 can not be said to be very poor.

But I think one of the points missing, these people, is that the funds are stolen from our treasury never find in our economy, as they are to invest in foreign banks stowed and invested in these countries never their way to see the country again. They are like slaves who made forcefully to travel their way from their places of origin and never return. This affected our economy further. Brains Trooping in mass in other countries and money hidden from our economies to invest abroad. What will happen to our economy?

the issue of investment projects of the Government of Nigeria wrong is. Such projects are for what are to be found in foreign countries but never as such, and in most cases, never the oppressed or so lavishly appointed compounding the already aggravated situation benefited the masses of the country managed. The governments of Nigeria to prove that it hard to cope with the economic affairs of the country. A process, as the Ajaokuta Steel Company is a failed state because in the first place it meant a white elephant project that can always remain with the total amount of the budget of the United States was unfinished. In 2006, Ajaokuta control company to $ 6,000,000,000 estimated but was later sold at $ 525,000,000 by Olusegun Obasanjo before he left as president of the country in a controversial circumstances. However, when the Ajaokuta Steel Company is certainly not arguing for a failed project can not survive it, the remaining argument, that a lot of money unnecessarily and inexplicably, was pushed into the project, which swallow the normal citizens of the country, the bitter pill. It cost us a lot, almost drained our economy and makes us suffer today.

We should remember that when Obasanjo decided to built the company in 1979, to revive again producing flat steel, the World Bank kicked angrily against him instead of advising the Nigerian government in order to convert it to a power plant, but the Obasanjo government went ahead and later consenssioning to Global Infrastructure Nigeria Limited, an Indian company located. What followed this development were the strikes of the Russian and Ukrainian experts not received their salaries paid for months.

Here almost everyone will remember to move the federal capital from Lagos to Abuja. There is no doubt however that nothing required the reasons for this idea, the haste with the Abuja built with the idea was to make it the best and the most visited city in the world today with our suffering than any single government existing structure in Lagos in Abuja was there for no reason at all. Today, our economy has become, because situations have drained quickly proved that Nigeria was not yet economically ready to shift his capital to non-existent town called Abuja. Government employees, staff, embassies and the rest of them were forced to hurriedly relocate to the city with Julius Berger and other companies for the most part from contracts to. What is the result of Nigeria on the economy?

that Nigeria is the only country in the world had their coins not in circulation is not only a blow to the government of the country, but also Africa as a whole, as their giant does not recognize the use of coins. Even the largest countries in the world like the U.S., Russia, Britain, France, Germany, etc. Countries with large economies use coins in their daily transactions and payments for goods and services, but the reason this is strange, Nigerians is indefinable. Nigeria have led some of the best minds in the world economy, which has taken on a date or other financial houses, budget policy and the financial sectors of the country has no serious prospect of coins, why in use in the country.

confuses me, if the text books and financial affairs on the Internet “Kobo” is displayed next to “Naira”. When have you heard one of our many Nigerians, was or ever seen, “Kobo” with his two eyes? Can a country that prohibits the use of coins ever grow large economically, just where all the coins had been stacked Obasanjo? Do our officials use coins when they travel to the country? Coins are too heavy to provide for Nigerians? Can our government ever recognized the importance of the coins? These are the questions waiting to be answered by the Nigerian officials.

I always say, as our government gives us the understanding that it is ready to restart the country among the top 20 economies in the world, this can never be achieved unless coins are in circulation in the nation be made. Because otherwise “Kobo” can not be made formally to display on computers in stock, while the coins are practically not in use.

items such as sweets, biscuits, sugar, etc., should therefore be bought cheaply is priceless. This will lead to nothing but continued success of inflation in the country. The significance of the coins, which have been used for centuries to promote the economic development of nations, a recognized fact among nations and international organizations, and Nigeria is no exception can be.

To ensure that the use of coin, the government should necessarily be achieved at least a specified percentage of withdrawals by customers in our banks to pay duty made to allow the spread of possible. I trust Nigerians and know that if we have it in abundance in our possession, but no one will reject it. Let our government do something today. Our economy needs to grow coins.