Ajingi Economics Class

To take dollar down to ₦150 is better than to increase minimum wage. In fact even better than fuel subsidy. One thing that the government and other economist who advised on currency devaluation, failed to understand is that the theory works in emerging or developed nations that depends on export not in developing countries like Nigeria who depends on import. Now between the foreign investment we obtained or to obtain in 2023-2024 and the investment that we loose in same range, which one is higher?

A sauke dalar amurka zuwa ₦150 yafi akara mafi karancin albashi da dawo da tallafin mai.

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Barkanmu da safiya
Bayanin da zamuyi nan gaba Akan PRODUCTION POSSIBILITY CURVE ne wato PPC a takaice

https://youtu.be/9_pVU-tHRP4

Bayani Akan Scientific method

Ayi haquri da ba a jimu ba kwana biyu. Mundawo kuma in sha Allah zamu cigaba da karatu ta hanyar video.

Recession nake hangowa!
Durkushewar tattalin arziki ne yake tunkaro Nigeria saboda tsadar man inji (don bada wuta ga kamfanoni ko gidaje) da manyan motoci (domun safara) suke amfani dashi. Tsadar tafara janyo wasu kanan nan masana'antu rufewa saboda nunkuwar kudaden gudanarwa wato "running cost" a turance. Hakan nada illoli kamar haka:-
1. Karuwar rashin aikin yi daga(33%) kaso talatin da ukun da muke fama dashi.
2. Karuwar talauci asanadiyyar na 1.
3. Raguwar a lambobin da suke nuna darajar kudaden kayan da aka yi a kasa wato GDP a turance
4. Raguwar samun kudi ga wandanda suke saida kayan da kananan masana'antu sukeyi. Wanda hakan ze janyo nakasu ga jin dadin rayuwarsu da iyalansu.
5. Raguwar samun kudaden shiga daga bangaren gwamnati wato "revenue" ta hanyar haraji.
6. Karuwar shaye-shaye da aikata laifufukka da muke fama dasu yanzu.
7. Karuwar matsalar tsaro
8. Qara karyewar darajar Naira saboda za akara neman dalar Amurka dan siyo kayan da aka daina samarwa.
9. Karuwar tsadar kaya zatai ta tsagayawa a kasuwa.

Muna bukatar tallafi daga Allah.

COMMERCIALISATION OR PRIVATISATION
Nigeria has what is called a mixed economy: as many economic activities are carried out by private firms, others are carried out by the government. However, the government changes the behavior of the private sector through a multiple regulations, taxes and subsidies.
Why Government role in an economy?
Different views were expressed in terms of the role of the government. One of the foremost view emanated from the French economist, is the Mercantalist. They are in the view that government should operationally support trade and industry. This was a response to the view of Adam Smith for a partial role for government thereby allowing competition and the profit maximization to lead business in serving public interest. This is what he termed as laissez faire, that the government should allow private sector alone without control or regulation of their enterprises.
The Great Depression of the 1929 through 1930s, where unemployment rate get to 25% couple with a drastic fall in output was the genesis of changed in the view against government intervention, thereby pointing that lasses faire leads to market failure. This view was headed by the great English Economist, John Maynard Keynes.
During the 1970s and 1980s, the inability of various governments to save the economies against poverty and unemployment as well as underutilization of resources (government failure) gingered economist and political scientist to look into the government failure. As the population of an economy grows, so does the demand for goods and services as well as their supply. The rate at which the population grows and government bureaucracy has been making it necessary for the government to clear the way for private sector to undertake a lot of economic activities. But should it be any kind or sectors at random? No it shouldn’t be because there are some goods that should be supplied with the aim of welfare not profit making.
In the process of giving chance to private sector, government sold out their enterprises to private investor which is called Privatization. It is a situation whereby a government would sell out her enterprise completely (transferring ownership, control and management) to private individuals or firm. The aim of the enterprise would then be profit maximization instead of welfare. However, for enterprises that government has the problem of inefficiency, she commercialize instead of privatizing if the enterprise or sector is very vital to her. By commercializing we mean the government would still own and manage the enterprise but the control of the firm would be based on profit maximization principles like a private firm. The profit would then be as revenue to the government as the commercialized firm would be paying taxes and or royalties.
Bibliography
Stiglitz, J. E. (2000). Economics of the public sector 3rd ed. W.W. Norton & Company.

Except for Nigeria