Positioning the diversification process for optimal effect

The need to exercise caution in driving the proposed diversification program of the Buhari administration for better yield cannot be overemphasized especially now that the oil dependent economy being enjoyed for most of our lives is under recession.  As President Buhari himself mentioned, diversifying the economy to the non oil segment of our natural endowment […]

The need to exercise caution in driving the proposed diversification program of the Buhari administration for better yield cannot be overemphasized especially now that the oil dependent economy being enjoyed for most of our lives is under recession.  As President Buhari himself mentioned, diversifying the economy to the non oil segment of our natural endowment is the only realistic and non trivial solution capable of redeeming the nation from the dangers of a monolithic economy to one that is diversified for better. Unfortunately, defining accessible paths from one economic space to another requires specific knowledge of advanced linear and non linear operators together with that of operational research to which the couple is not a free lunch.
So, if the difficulty claim above holds well, it then implies the need to incorporate scientists in the current diversification plan to provide paths for best practice so that in the end, the overall plan will be achieved for the greater benefit of the country and the people. In this piece, we wish to communicate an aspect capable of making a difference in the diversification process. This aspect is the policy to which diversification servers are to be initiated into the non oil space for maximum yield.
Recently, we proved that if two diversification servers say agriculture and solid minerals are to be initiated, the combined utilization tendency depends largely on the probability law leading to their initiation. Additionally, we have shown that the knowledge of beneficiary traffic into the non oil space to rip out benefits for better is fundamental in attaining maximum likelihood utilization for servers exemplified above. Thus, in designing policies and rules of engagement for the current diversification proposal of the Buhari administration, the knowledge of beneficiary traffic onto the non oil space is a crucial factor that can increase or decrease the probability that initiated servers are utilized at maximum levels. More specifically, under this consideration, if  the beneficiary traffic is far from the combined service rate of Agriculture and Solid minerals for instance, then it is operationally better for the stability of the system  to initiated these servers in a flexibly way than fixing both servers at the same time. On the other hand, if the beneficiary traffic is approaching the combined service rate of the two servers, then fixing the servers in this case is more profitable for the non oil system in driving the diversification process. The above result entails that the understanding of time dynamics and processes, profitability regions and vital critical points that can create positive changes for the people is necessary for successful implementation of programs for better harvest.  At present, there is need to be more flexible in our quest to drive the diversification process better since both Agriculture and solid mineral tendencies are realistically constrained. More generally, applying fixed policies  on the diversification drive at present will not only retard the drive but ensures minimal utilization of the process which without doubt will undermine government’s effort in pursuing the right diversification path for the good of the country and her future. It is imperative to note that flexible means of initiating diversification servers will not only drive the process positively today but also ensures maximization of utilization for any beneficiary arrival rate into the non oil system.
More broadly, there is need to be more cautious in formulating policies relative to agriculture, transportation, importation of basic needs and solid mineral that are realistic tendencies for the country at present. This is sequel to the fact that currently, the beneficiary traffic is low as such; the present state favors flexibility in policies than fixed stands. There is a given arrival rate for which the non oil space will behave almost identical under flexibility and fixed policies. Consequently, those whose responsibility it is to monitor and develop healthy and optimally better paths for the diversification plan of the Buhari administration should watch out for such critical points in the future and re-direct policies that align positively to the plan for our collective benefits.
At present, the flexible Naira regime is a good step in the right direction now that the government has a clear picture of the financial system. There is need to see more of such flexibilities in vital areas of basic livelihoods for the majority of the country’s population, since one can choose to close his domain only if he has the minimum to exist with. At present, the need to be more flexible than rigid in policy formulation and adoption could be seen in price hikes of livelihood commodities such as food stuffs and similar necessary commodities. This will have a simplifying effect on the Buhari constituency (the constituency for an averaged Nigerian). At present, the fixed strategies employed in policy formulation for the non oil space are eating deep into the fabric of the people living in this constituency. Without doubt, this sad development is not without the knowledge of the peoples’ President.
May Allah continue to guide the peoples’ President in his quest to create a better Nigeria where security, sanctity, human rights, better life for all and corruption in all forms and might will be a thing of the past. 

This article is penned by Dr. Sani with additional inputs from Dr. Hamisu Musa & Hali Ibrahim Abba, Dept. of Maths and Computer Science, Umaru Musa Yar’Adua University, Katsina.