Nigeria is at the moment in a precarious position, teetering like a heavy toddler due to the instability of its monocrop economy. The country’s heavy dependence on crude (not even refined) petroleum exports exposes a cumulative effect of defective political economies and the complacency of the ruling elite “who have been trained as to how not to think”. It also reminds one of the stage-like observations of Robert Nester Marley, that “in the midst of water, the fool goes thirsty”.
Nigeria’s reliance on oil can be diversified, but the elite’s mindset stands in the way. A notable example is Mexico’s Acapulco, which transformed from an insignificant town to a luxurious tourist destination. In the 1940s, President Miguel Alemán Valdés spearheaded its transition into a world-class resort town, showcasing Mexico’s natural beauty and culture.
This earned Acapulco the nickname, ‘The Pearl of the Pacific’, and made it a popular destination for relaxation, culture and adventure. Today, Acapulco boasts stunning beaches, vibrant nightlife and rich history, making it a hotspot for millionaires from Canada, the USA, Latin America and Europe. Once upon a time in Mexico’s rich history, a visionary president adopted the role of the Chief Marketing Officer, transforming Acapulco into a thriving tourist destination and this has made it a major contributor to Mexico’s economy, with a notable impact on the country’s revenue.
Given adequate de.