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Visualizing
critical data that informs Arewa leaders and organizations of the region's
unique characteristics.
WHAT DRIVES ECONOMIC GROWTH?
It is the economic development that helps create the
environment for growth
to occur. Simply put, economic growth is measured as an increase in Gross
Domestic Product (GDP), which is the total value of everything produced by
the people and the businesses in the region. The result is a Naira value
that represents the amount of money floating around the specific economic
ecosystem. Growth can be quick, but not always sustained.
The
Economic Development work in
the communities influence the GDP equation. Creating wealth
(which fuels consumer spending), growing businesses (which fuels
business investment spending), and boosting exports (which
influences both). Economic Development is still further
influenced by the work government does with regulation and
taxation strategies and infrastructure spending.
Economic development work is about
having a long-term vision, and staying focused on key
priorities: more jobs, more people working, and creating a more
attractive business environment. And everything must be done to
support these areas.
ICT is the convergence of communications, computing and
information technologies and has become the catalyst
that enhances development process of a nation...Read
On>>
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AREWA ECONOMIC DEVELOPMENT & BUSINESS GROWTH
AREWA Center
for Regional Development (ACRD) help to address key
economic challenges by
providing regionally-tailored programs, services, knowledge and expertise
that:
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Build
on regional and local economic assets
and strengths;
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Support business growth, productivity
and innovation;
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Help
small- and medium-sized businesses
effectively compete in Nigeria, Africa
and the global marketplace;
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Provide adjustment assistance in
response to economic
downturns and crises; and
Support communities.
Each ACRD
intervention brings a
regional policy perspective in support of the national
agenda through: regional economic
intelligence
to support national decision-making; contributing to federal regional
coordination and
cooperative
relationships with other levels of government, community, Universities and
research institutions, as well as other stakeholders; and supporting
national priorities in Arewa region.
By working collaboratively and in partnership, ACRD ensures national
coordination and maximized efficiencies that will benefit the entire Arewa
region. |
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Restructuring
may not be a bad idea for the North because
the North has so many Potentials of
Solid Mineral Exploration, so great
that by the time the northern
Governors realize it they will
almost forget about allocation funds
coming from Federal Government and
too much Taxes on its citizens to
generate more internally generated
revenue (IGR). The potential is
great and better than crude oil of
the south. Gold, Uranium, Iron Ore,
Gemstones, Columbite, Tantalite,
Kaolin, Goshenite and other precious
minerals are everywhere across the
north, but also High-Grade Lithium
ore in Brine Rocks,
lithium-bearing pegmatite and spodumene, a critical component for
making electric car batteries. By
2030, oil will no longer be that
important as electric cars will take
over, lithium batteries will also be
used for powerhouses and so much
more. The potentials for export of
these natural minerals and local use
in manufacturing from the north are
unparalleled.
The
northern demographic shifts will
fuel the growth of new sectors,
markets and service lines. They will
begin to innovate and with
creativity build viable businesses
in areas of the business supply
chain, and in agriculture, livestock
mainstreaming, no more transporting
live animals to the south but
slaughtered and freight in
refrigerated trucks, renewable
energy like solar farming, ICT,
Business Processing Outsourcing and
in healthcare, manufacturing and
revitalizing Kannywood
entertainment industry in
partnership with Indian Bollywood. The
unity of northern diversity is the
power that will propel the business
communities and consequently, the
northern upcoming industries into
new dimensions of performance. Soon
there will be on the horizon, more
northern banks, northern media and
corporations; and northern
intelligentsia that will meet every
contemporary challenge; build
capacity and human capital
knowledge-pool; and the end of
youths banditry, kidnappings,
communal crises, terrorism and
religious violence because everyone
will have work and meaningful things
to do under strong, compassionate
leadership, propelling the country
to a Greater Height as a whole. ICT-enabled
solutions in healthcare,
agriculture, education, financial
services and States-public services
will drive socio-economic inclusion
of everyone in the region and the
country faster, cheaper and more
efficient than traditional methods.
Indeed, the North; and Nigeria will
be Great Again...
READ THE WHOLE INTERVIEW |
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