Coming from Indonesia, there are lots of similarities between Indonesia and Nigeria … in short term ensure macro-stability, whether it is the exchange rate or petrol subsidy removal… Nigeria does have a high number of kids that are not in school as well as what we call learning poverty…. Mari Pangestu
That lecture was captioned “Rethinking The Development Process in Nigeria: A Choice Between LAMBORGHINI AND AJAGBE-EJO”. It is like: why choose to shrink the size of your economy so as to have few people enjoying LAMBORGHINI luxury car instead of making available more AJAGBE-EJO type of vehicle to accommodate more people for the same purpose of getting to the same destination.
However, Indonesian operates effectively the Ajagbe-Ejo model as Saibu explains in the adoption of “follow the comparative advantage path to development which Lin and Rosenblait see as leaning mostly to natural endowment or endowment structure using the excessive labour in areas like light manufacturing and mining.
According to him, Ajagbe-Ejo translates to positive changes and growth trickling down to all the components of the system and remaining sustainable without inhibiting the survival of future generations.
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