Economic Recession is the lead complaint in Nigeria today. Nobody talks about the debts behind the recession. That would be like opening a can of worms. Debt cancellation happened in this country in 2006 but in 10 short years, its like the debt demon went ahead to get 7 stronger colleagues to sit down on these state governors.
Listening to Former Governor Peter Obi’s speech and other speakers on The Platform, I agree that Nigeria is the prodigal son of a wealthy man whose parents are dead but he does not even know. He met everything ready and now he has spent the investments, the goodwill, the enterprise and the entire deposits starched away for him. Currently, he is spending loans and when he was asked the last time for repayments to meet up with his obligations, he moved out cap in hand looking for more bailout! He is currently on debts and bailout since he cashed out but during his routine beer parlor talks, he says he is enjoying handout and not bailout.
If he must come out of recession, he must stop deceiving himself. He must acknowledge that he is in debt and on some kind of bailout that 170m young people will pay back in 30 years or more even though his own son is not inclusive since he is well settled in the US, UK or Canada. The second truth is that he must leave the bar because anybody who pays for him before he leaves the bar is wasting time. Even when he is not drinking, he’s always buying drinks for people who have breweries.
For this country to survive economically there must be clarity between a profitable contract and a fraudulent one.
There is nothing in the world that cannot finish if you waste it well enough.
Listening to Former Governor Peter Obi’s speech and other speakers on The Platform, I agree that Nigeria is the prodigal son of a wealthy man whose parents are dead but he does not even know. He met everything ready and now he has spent the investments, the goodwill, the enterprise and the entire deposits starched away for him. Currently, he is spending loans and when he was asked the last time for repayments to meet up with his obligations, he moved out cap in hand looking for more bailout! He is currently on debts and bailout since he cashed out but during his routine beer parlor talks, he says he is enjoying handout and not bailout.
If he must come out of recession, he must stop deceiving himself. He must acknowledge that he is in debt and on some kind of bailout that 170m young people will pay back in 30 years or more even though his own son is not inclusive since he is well settled in the US, UK or Canada. The second truth is that he must leave the bar because anybody who pays for him before he leaves the bar is wasting time. Even when he is not drinking, he’s always buying drinks for people who have breweries.
For this country to survive economically there must be clarity between a profitable contract and a fraudulent one.
There is nothing in the world that cannot finish if you waste it well enough.
 |
| Economic recession |
No comments:
Post a Comment