Just as the name Air Peace is bringing peace to Nigerians affected by the ongoing xenophobic attacks in South Africa by offering to return interested persons back to Nigeria for free. No doubt this gesture is both patriotic and heroic but it’s not without its potential effects on the economy.
For Air Peace the intent is clear; it’s just about preventing the loss of more lives, but it’s not that simple for the economy.
What this could mean for Nigeria’s economy
The recent crisis has seen so many Nigerians in South Africa lose their lives and means of livelihood, so the idea of bringing back those alive would only seem the best option. However, it’s vital to note that this move also bears some negative and positive effects.
- Nigeria’s population seats over 180 million and over 38 million are unemployed, bringing back 800,000 Nigerians, according to the Spokesman (Eneka Ezinteje), Nigeria Union of South Africa can increase the rate of unemployment.
- Seeing this in a positive light, Africa has always been viewed as a fertile soil for foreign investments and its huge human resources have been a major contributor, an increase in population would only mean increased human resources.
- A bigger picture of this move is the possibility of bring Nigerian business owners back home to establish businesses in Nigeria. If this becomes the case, the unemployment rate and the country’s income receive a much needed boost.