Let us continue our analysis from another angle. Supposing you are planning to form a company. You have at your disposal a very big plot of land, all the necessary equipments, adequate and well trained workers to run it and $1 trillion dollars in the bank. In other words, you have ‘everything’ necessary to run your company. Now the $1 trillion dollars question for you to answer. If you are approached by a stranger who has practically no money, equipments, but only very badly trained workers to form a joint venture with him, will you accept his offer? Again, if we assume that you are a smart business man, who is rational in his thinking and decision making, then you will definitely turn down his offer simply because you not only already have all the resources needed to run your business, but such a joint venture will definitely make your business unprofitable. The proposal will just not add any value to your business venture! But has it ever occured to you that the south, in actual fact, has been compelled to enter exactly into this kind of loss making joint venture with the north since 1914 by the British.
As I have already written in one of my articles titled; “
The north did not buy this common sense economic argument, they though differently. The fact that
The civil war not only confirmed the fear of the north but prompted them to accelerate the relocation of the capital to the north. With an overwhelming majority in the army, compared to southerners, moving of the capital from
For a better understanding of this topic, let us assume for a moment that the north is a sovereign country – without the south. Would they have embarked on building a new capital which involves hundreds of billions of dollars from scratch? It is very unlikely. They won’t even dear it. And in case, they took the decision to implement such a white elephant project, where would they have got the money? Would they have used their own money – if at all they have it? That’s also very unlikely. Could they have borrowed hundreds of billions of dollars from IMF, World Bank and other international banks or lending organizations to finance
The political decision taken by the north to spend hundreds of billions of dollars of the oil revenues on building a new capital from scratch in
ONE
In order to get the ‘full’ economic implication of what the south lost building
The ONLY way to put a stop to this squandering of our resources is to break away from the north and concentrate all our resources exclusively on our own development. By doing so, we will be defending our economic interests with our ‘own’ resources, and not pursuing any selfish interest, as the north has been doing. This is not only the best option that will guarantee our rapid development, but as well ‘unavoidable’ for our survival as ethnic groups and nations respectively.
The south is endowed with large reserve of oil, gas and other mineral resources. However, as has already been mentioned, our most invaluable assets or resources are our highly skilled manpower. In terms of quantity and quality, the south surpasses the north by a significant ratio, except in the army where admission of southerners is purposely limited. The south is endowed with more than enough resources to build one of the strongest economies in the world. We couldn’t have asked God for more.
I am convinced beyond any reasonable doubts that if we, i.e. the south can harness or concentrate all our human and mineral resources on our own development, we will experience an ‘explosion’ in development that will accelerate the rate of our growth at least 10 times faster than the present rate. Breaking away from the north and concentrating our resources ‘exclusively’ on our own development is the optimal investment project that will maximise the value of our investment or resources. We need to understand that this is the only way to achieve project E with a return of 30% which was described above. We need to understand that any other option is a ‘compromise’ that not only deprives us the opportunity to get the maximum value for our resources, but is against our political, military and economic interests. Since 1914, through ‘hook and crook’ methods, we have been compelled to invest in the loss making project A called One Nigeria by the British and the north. There is no economic sense for the south to continue her unsubscribed membership in ‘One Nigeria.” One
TO BE CONTINUED….