small population countries need to stimulate their internal economy to make sure they consistently have something to export- cash crops, value added processing and if you are fortunate or unfortunate oil. Top it off with advanced offshore Banking innovations.

Large population countries like Nigeria need to make sure their social-economic policies and environment is steeped in business friendliness. You need to attract foreign direct investment that can use your large population for mutual benefit.

The country needs to make sure the cost of production of goods and services for both local and foreign investors is as low as possible and there is security and readily efficient human capital available. Paying out palliatives is not > than stimulating internal growth.

Better tax regimes for SME’s, security of persons and goods, easy repatriation of invested capital, ease of export, “some” protectionism to stimulate internal growth, good exchange rate policies and proper ease of doing business- less bureaucracy.

We are handing our palliatives instead of stimulating SME’s to give them people long term employment. We are taxing more and more instead of making it easy for SME’s to access capital. We are doing everything backwards.