If Nigeria is able to achieve these goals, it will be able to become a wealthy nation.
I am of the opinion that the following will be sufficient to greatly reduce or eradicate poverty in Nigeria, although it is likely that eradicating poverty totally would not be possible:
1. earning a college diploma The educational system in Nigeria needs to be rethought in order to provide students with a better foundation for the challenges they will face after they exit the protected environment of the school. In contrast to the current situation, in which some people who have completed secondary school can barely speak good English, which is Nigeria’s linguistic Franca, it should be set up in such a way that a person can live and exist with just a secondary school certificate. This should be done so that it can be contrasted with the current situation. The current deplorable state of education in Nigeria’s public primary, secondary, and postsecondary schools necessitates that the federal government allows a greater amount of funds to the rehabilitation of educational facilities. This is the case because the federal government has failed to adequately address the problem.
2. Skill development. It is essential to revive the skilled labor force as well as technical education programs that were common in the 1960s, 1970s, and 1980s. Training in fields such as plumbing, masonry, block making, construction, and electrical expertise ought to be taught professionally in order to enable persons who did not attend higher institutions with the option to attend and generate a wage that is commensurate with their education.
3. Promote entrepreneurship. The government ought to make a determined effort to stimulate entrepreneurialism among the younger population as well as in the private sector. This should be done in conjunction with private sector business. This can be accomplished through the creation of business parks and hubs for startup companies, the provision of microfinancing with the intention of assisting startup companies, the provision of grants for individuals interested in entering the agricultural industry, tax holidays for startups, and the financing of business and startup competitions. Young people, in general, ought to investigate the problems facing society, devise solutions to those problems, and then put those answers into enterprises that are successful.
4. Giving the economy a boost should be a top focus. The government should invest in the construction of essential infrastructures, such as highways leading from rural areas to urban centers, which will make the shipment of agricultural products more efficient. This will encourage economic growth and help the government meet its fiscal responsibilities. If the required amenities are built in rural areas, people will be motivated to remain there to farm, which will help the area’s economy. Because of this, fewer people will relocate to the city in the hope of finding jobs that do not currently exist there. Both railroads and inland waterways are forms of transportation that could profit from more government funding and support. This will result in the emergence of activities that, when applied to the economy, will have an effect analogous to that of ripples. It is possible for the government to do a better job if it assists farmers in the form of grants, loans, extension services, training, and the development of cooperatives in order to aid farmers in improving their farming system.
5. Increase the variety of economic systems. Exporting oil is Nigeria’s only means of generating revenue in currencies other than its own, given the current state of affairs. There is a tremendous amount of untapped potential in Nigeria; however, this potential won’t be fulfilled unless the government makes a deliberate effort to diversify the economy of the country. Because Nigeria is endowed with a wealth of resources, the nation has the potential to flourish in a wide variety of businesses. These industries include agriculture, mining, tourism, entertainment, and sports, to name a few.
6. Make investments in the more rural parts of the region. As a matter of policy, the government ought to make the expansion of infrastructure into rural areas a top priority.
Offering advice and direction to younger generations. Mentoring is necessary for the younger generation to influence their behavior, as well as for all individuals who are in need of some kind of direction. This is essential not just for the younger generation but also for those individuals who are in need of some kind of mentoring.
7. Take legal action against those who are dishonest. The problem of corruption will be the very last subject I discuss in this part of the article. The most significant source of trouble in Nigeria is rampant corruption at high levels of government, as well as a general decline in moral and ethical standards that has permeated the country as a whole. It is impossible for this not to have been done on purpose. If those in government are able to come to an agreement and make the decision to put an end to corruption, then the country will make development, and the resources of the nation will be utilized in a responsible manner to the benefit of the entire population. When a senator understands that the reason people in his or her local government and Nigeria as a whole are suffering is because of the mental poverty that comes with owning 50 homes in Abuja, then is when he or she will recognize that the reason people are suffering in Nigeria. The kind of change that we require will start to materialize when money that was supposed to be used to develop infrastructure and facilities is not stolen but rather used for the purpose they were meant for. This is the only way in which our requirements may be satisfied.
The issue of poverty in Nigeria can be addressed through a variety of approaches, some of which are presented here as examples.