After the change of guard, what next?

When people talk about Nigeria & USA and "diversity"; they forget to talk about America's "economic diversity", which is lacking here.

There's a geographical component to "economic diversity", if US was dependent on NY the way we depend on Lagos, it would be very unstable

Unlike Nigeria, US is a union of semi-autonomous entities. That is how you accomplish "economic diversification", by devolution of power.

When people say "FG should diversify Nigeria's economy", they need to explain how, exactly Abuja can diversify Kano's economy.

If you talk about Abuja being the main driver of economic diversification - you're talking about "central planning" & not liberalisation

Last century demonstrated that central planned economies do not stand the test of time - e.g. Soviet Union & Maoist China.

But Nigeria's unitary system & the burdensome "exclusive list" is worse than central planning; there are no plans & Abuja stifles creativity

We tried "central planning" during the 1970s - & we ended up with many any bad investment decisions based on politics, not economics.

Right now, we neither have the rigor of central planning nor the freedom to make economic decisions inherent in liberalization.

In other words, we have the worst of both words. We are stuck in a rut; tied to Abuja's dead hand that prevents us from soaring.

Devolution of power is the only way forward; but we are stubborn. This economy might have to implode before we see the light.