Dreaming of Wakanda

  In the vast expanse of Nigeria, a nation brimming with potential, the quest for sustainable economic development has been an ongoing endeavour. Having fully implemented democracy since 1999 and consequently capitalism as an economic system, it has not fully translated to exponential economic development as envisaged. This may be due to a refusal to fully embrace an approach that holds the key to unlocking the country's prosperity - the concept of meritocracy. There is a growing body of evidence that suggests that meritocracy is essential for economic development. Countries that are more meritocratic tend to have higher levels of economic growth, innovation, and productivity. This is because meritocracy encourages people to develop their talents and abilities, which leads to more efficient allocation of resources and increased economic output. By establishing a society where merit is the primary determinant of opportunity and success, Nigeria can create an environment that nurture...

  Since the return to democratic governance in 1999, Nigeria has undergone significant economic reforms and policy changes. The middle class has played an active role in that process, advocating for good governance, accountability, and economic development. The rise of the telecommunications sector and the expansion of the banking & financial services, along with more recently the technology industry, created new opportunities for the middle class, including employment, entrepreneurship, and investment. However, the worsening economic situation in Nigeria has seen spending power curtailed and disposable income eroded, leading to a reduction in the size of the middle class. This has been exacerbated by an exodus largely to Canada, United States, United Kingdom and Australia in a term colloquially known as "japa". Japa (pronounced "jak-pa") is a Yoruba word that means to run away from danger and has popularly encapsulated the general sentiments of the youth in Nig...