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Colonialism failed Nigeria on wealth creation; Nigeria depended on oil – Strategist Chiakwelu

Colonialism failed Nigeria on wealth creation; Nigeria depended on oil –
Strategist Chiakwelu

United States based Nigerian economic strategist Emeka Chiakwelu and the
founder of public policy center AFRIPOL has blamed Nigeria dire dependence
on oil as a consequence of colonialism.

“Among the negative ramifications of colonialism is the inability to
impact a legacy of wealth creation to Nigerians and her entity,” Chiakwelu
the economic expert said.

Chiakwelu further emphasized, “Nigerian leaders tie and congregate the
price of oil with the rate of development in the country. Instead of
finding ways to create wealth, they are rather focusing their energy on
the depleting oil resource that its impact on the populace is quite
minimal. The thriving 21st century economies of United States, Japan and
China are product of human capital and innovations. The wealth of nation
in 21st century is not in ground but in the brain.”

The principal strategist at Africa Political and Economic Strategic Center
(AFRIPOL) has gone into partnership with University of Houston in Texas to
find solutions to alleviate the problems of poor wealth management and
lethargic capital intensification in order to empower our leaders to speak
the language of wealth creation and not squash in blame game.

“Nigerian leaders discussion on economy is devoid of economic
understanding because they are not equipped with tools to rationally
discuss on economy and wealth of a nation,” Chiakwelu registered as he
spoke on the issue.

“Nigerian schools and institutions must be impacted with 21st century
thinking on economy and wealth of a nation when it comes on how to
pragmatically dislodged from oil dependence and rely on human capital and
human resources to boost her economic standing.”

“Nigerian leaders are not trained to see the significance of her abundance
human capital which can be drastically consummated to create massive
wealth and lunch the nation as a center of innovation and research. But
instead our leaders are worried about the fluctuation price of oil,
unaware that the economy of oil is fast becoming antiquated without future
promise,” as Chiakwelu re-emphasized.

Therefore series of lectures on trade, e-commerce, telecommunications,
leadership and politics in Africa has been initiated by AFRIPOL and
University of Houston.

The Strategic Policy Lecture Series is a joint initiative by the African
Political & Economic Center (AFRIPOL) and the African American Studies
program at the University of Houston to provide University of Houston
students and Houston-area communities with high quality humanities
programming, discussions and symposia around contemporary issues of trade,
e-commerce, telecommunications, leadership and politics in Africa.
Through this initiative, AFRIPOL and African American Studies will provide
the following benefits to UH students, faculty, and community

• An introduction to the historic and regional nuances that impact trade,
commerce and politics in Africa.
• A platform to facilitate inter-economic dialogue between African and
African American communities.
• Exposure to first-hand narratives of the social, political and economic
challenges and opportunities that face African countries through
discussions with leading business persons and elected officials.
• A contemporary understanding and review of the role that trade and
commerce play in promoting interdependence among African and African
American communities.

AFRIPOL is foremost a public policy center whose fundamental objective is
to broaden the parameters of public policy debates in Africa, and to
advocate, promote and encourage free enterprise, democracy, sustainable
green environments, human rights, conflict resolutions, transparency and
probity in Africa.

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Posted by on Jul 8 2020. Filed under Emeka Chiakwelu, Headlines, Oil Politics. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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