…the holes that have to be plugged over the next one year are as much economic, as they are criminal. Unfortunately, the challenge that the incoming government faces will not be akin to that faced by the mischief of rats who felt a need to put a warning bell on the mouser. Rather it was always going to resemble the predicament posed by The Christ’s invitation to the scribes and Pharisees who dragged an adulteress before Him: “He that is without sin among you, let him cast a stone at her”.
If, indeed, the informal sector accounts for four-fifths of domestic employment, then one can only imagine what the impact of its disembowelment by the incumbent government has been on domestic living conditions across affected sectors of the economy. True, the sporadic rioting that at a point threatened to define popular response to the cash shortage served as a pointer to how badly people may have been affected by the policy.
…the larger part of what this economy must do in the next six months ― if it is not to succumb to the difficulty with paying its debts, rising unemployment rates, a cost of living crisis that is making life hell on earth, and productivity levels that are scraping the bottom of the economic barrel ― will be all about deprivations that will fall largely on the shoulders of the average ‘Tunde, Okoro, and Mohammed.
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