Dangote’s activism and the need for government’s urgent intervention, By Ayodele Adio
By People& Politics Aliko Dangote’s activist stance on the need for lower interest rates to attract investments and create jobs is a rallying cry for urgent and pragmatic government intervention in Nigeria’s current dire economic situation. Although Dangote’s argument is rooted partly in Reaganomics – a supply-side theory favouring lower corporate taxes and interest rates, his youth unemployment prognosis meets the bull’s eye. Strangely, youth unemployment and widespread poverty, which has grown into a national crisis, continue to escape the priorities of the political elite. As Dangote alludes, a failure to address these critical macroeconomic conditions that stifle business growth,…
