By Abbati Bako
The close to 8.3b global population of the current generation and indeed the future generations of the world are critically facing population and economic crisis as a result of the negative side effects of the current global economic system. Different applications and theories of the former global scholars and intellectuals have been applied but yet to solve the economic problems of human people on this planet. Economy is as almost as oxygen or an imperative part of human life. Without a viable economy for life; sorry for human existence because the human person is a symbol of economic activities.
Had it been that Adam Smith or Karl Marx are alive this time this writing understands that they would have changed their minds and rethink their global economic theories. This is for the fact that during their times; global population was less than 2b. Today the global population may reach as high as 10b before the end of the current 21s Century and Nigeria will occupy number third global positions.
My country Nigeria today is amongst the top 10 most populous countries in the world (No6). Going back to the history of Nigeria’s amalgamation by the British Empire in 1914 the total population was projected to be around 20m. By around 1960th the population enlarged to be about “35m” (Lata Prime minister Sir. Abubakar Tafawabalewa in United Nations 1960).
The population of Nigeria today according to the UN’s meters is around 220m. This means that the population has increased to about 190m in 2024 compared to the early 1960th. Wherever there is no viable economy, insecurities will set in and life will be worried some.
The current economic hardship experience is not only in Nigeria but in most South South Nations of the world. This is probably as a result of poor economic management by the gladiators (professionals) and managers or International Public Policy (IPP) makers.
Human people are suffering economically especially in emerging nations of Africa, Asia and South American Continents. Although the 8.3b population mentioned above only 15% lives in the Northern part of the world and the remaining 85% are in the South Southern part of the globe.
*But why, what can be done to resolve the global economic misfortune and suffering? Should measures be taken similar to 1934 and that of the 2008 global economic meltdown or the COVID-19 year of global economic aridity?
*Northern Nigeria on my mind———
Abbati bako,Kentian/alumni,UK and Researcher in International Politics@ Skyline University,Nigeria
