PATRIOTISM VS KEYNISIAN MODEL
PATRIOTISM VS KEYNISIAN MODEL
By:
Nurudeen Dauda
September 24, 2016
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If we have patriotic "RICH" men in Nigeria, we can get out of economic recession in three months! How? Keynisian economic model proves to be the quickest and the most effective model of moving an economy out of Recession. The simple approach used under the model is injection of funds especially on capital spending.
The responsibility of growing an economy does not only lie with the government alone, but also the private individuals. If the Nigerian "RICH" men will "INVEST"their moneys in Massive Housing Estate constructions, it will stimulate economic growth with a " twinkle" of an eye. Money will circulate within the "value chain" of housing development. Millions of jobs will be created! Raw materials sellers will get money. Labourers will make a lot of money! Builders, painters, Cement companies and Wood sellers etc., will make money thereby making cash available.
If the RICH men will also engaged in private hospitals and Universities establishment it will also boost the economy. Virtually all the Nigerian "RICH" men go for medical tourism and Schooling abroad! The hospitals and Schools being patronized by the richest and their families abroad are not owned by the governments of those countries but rather are mostly own by private individuals. If they invest it will save our hard currency, create millions of jobs and even attract inflows of hard currency from our neighbour's.
I employ our "RICH"men to be patriotic and have their country at heart!
May God bless Nigeria!