Everything is stacked against production in Nigeria. Thousands of factories have shut down in the last few years due to an unfriendly operational environment. For real and sustainable production to thrive, affordable electricity, access to cheap funds, and a tax-friendly regime must be guaranteed.
Sadly, Nigeria favours a consumption-driven economy over a production-driven one—no thanks to mismanaged globalization. Even within globalization, every normal country strategically moderates its international trade to achieve favourable balance of payments. Alas, Nigeria’s political leadership appears abnormal in this regard. The country encourages importation while discouraging exportation—an economic contradiction that defies logic.
No nation survives when the bulk of its wealth creation is limited to mercantilism—mere buying and selling. This structural failure explains why millions of young graduates remain unemployed, with many resorting to internet fraud as a means of survival.
GGM Cooperative has stepped in to organize ordinary people—exactly what government ought to be doing—to optimize the factors of production and keep the circular flow of income active and inclusive.
At GGM Cooperative, we plant dreams and harvest success. We are building a sustainable food ecosystem to confront humanity’s most fundamental challenge: food insecurity.
Ndubuisi Anaenugwu
