Qatar 2022: Global, Political And Economic Advantages, By Abbati Bako
POLITICS DIGEST- There is politics in everything and there is everything in politics and the ultimate end of everything is individuals or government economic audacity based on economic interplay between individuals or nations of the world.
This year’s football world cup 2022 will be played in Qatar in November 20, 2022. FIFA World Cup football game is a global event that use to take place every 4 years. Already over 40m people applied for the tickets but only 3m were sold out. Spectators of football game will flood into Qatar to watch the game live.
Qatar spends $220bn in hosting world cup tournament. That’s N165 Trillions and Nigeria’s budget of 10 years is at N16.5 Trillions annually. Qatar is a rich Gulf nation with less than three millions population and their currency is more valuable than the $ currency.
“Qatar’s minister of finance said in 2017 the country was spending $500 million per week on infrastructure projects including roads, hotels, stadiums and airport upgrades to prepare the small Middle Eastern nation to host the world’s largest sporting event. It will be, by far, the most expensive World Cup in history. Qatar is estimated to have spent as much as $220 billion in the dozen years since being chosen as a World Cup host in late 2010, more than 15 times what Russia spent for the 2018 event”. The Minister was quoted telling press.
This means that life could only be better if each and every individual citizen in every nation of the globe has his economy (individual income) boosting/booming everyday and every year for the betterment of his family and his nation. Economy is the live wire of human family/societies.
Also, economy must be progressing, boosting, strengthening and enhancing among individual citizen of a nation. But the entire possibility depends upon the economic policy initiative, formulation and implementation by the nation’s political and economic policy makers of any country in the world. Without sound economy for the family, insecurity will set in. Insecurity is a serious issue in the world today especially in economic emerging nations like Nigeria. Southern region of the world sufferers most than the Northern region of the world. Why? The answer is simple. Due to global economic imbalance!
The meaning of global political economy is inter-economic relationship between the nations of the world. And it all depends upon what that country produces and manufacture or how the economic policy makers initiate an economic policy that will boost the economy of individual citizen and the government it self.
For example, in 2012, British government economic policy makers initiated the sponsoring of world Olympic game in the country and it will cost the government about 2Billion Pound Sterling. But it will result to profiting of about 10Billion Pound Sterling at the end of the Olympics game. How can these profits be realizable?
Remember that thousands of sports players, thousands of spectators will go in to London and the economic beneficiaries will be hotels, airlines, buses/tubes/trains companies, taxis, adverts in TV/Radios stations, news papers, manufacturers and producers of all classes of goods/items/employment and generally traders and so on. And the end result is that the government will benefit from taxes/economic income and so on. Tax is an important element of running the government in advanced nations of the world. Hence, bypassing tax is a serious crime which can lead to jail terms for many years.
So, is the same economic strategy will result to Qatar during the FIFA 2022 WORLD CUP. Over one and a half million spectators may visit Qatar with a view to watch FIFA WORLD CUP of 2022. The world cup 2022 has many economic advantages that will benefit not only Qatar but the entire world’s integrated economy. This is one of the advantages of globalization policy. The country Qatar is very lucky. Because of the fact that the issue of COVID-19 seems to be history or had gone into oblivion.
For the game to renew your DSTV/Gotv subscription you have to spend several hours; I can’t image the influx of DSTV subscribers that may go to renew their subscriptions because of Qatar world cup 2022. The same thing may happen around the world. Football game use to unite the world. This is an opportunity for the international public policy makers to use the Qatar 2022 world cup to resolve the war between Russia and Ukraine. This war has dwarf the global economy especially emerging nations and even advanced economies of Northern world. In every continent of the world stagflation seems to be gaining weight. So, Russia/Ukraine must stop for the sake of “YOU THE PEOPLES”.
Therefore, imagine how the businesses will be booming in Qatar markets and the boosting of individual economic audacity and the companies/hotels/airlines/buses/taxis/trains/trumps/tubes and government taxes etc.
When shall Nigerian leaders and economic policy makers initiate economic strategy for the benefits of the WE the people of Nigeria?
Conclusively, since the FIFA’s world cup of 2026 will hold in USA/CANADA/MEXICO, then why not the FIFA’s world cup 2030 will not hold in NIGERIA/NIGER/MALI? Over to you FIFA officials. Please try to be fair and just to African nations. Africa is the most resourceful and an economic emerging continent. Africa is 17% global population. Sorry for the Qatar’s team of being beaten 2-0 by Ecuador. Please try to have courage for the next play and all the best.
May God save Nigeria and Nigerians and this writing is dedicated to H/E Dr. Abdullahi Umar Ganduje the Governor of Kano State
Dr. Abbati Bako,psc,bsis,UK, is Special Adviser to the Governor of Kano State on Public Affairs