Hon. Minister of Finance, Budget & National Planning, Mrs. Zainab Shamsuna Ahmed. PHOTO: TWITTER/FINMINNIGERIA
This sorry state of affairs cuts across virtually every segment of the Nigerian society from the federal and state governments to the private sector and households generally. Inflation, job losses, unemployment and underemployment are increasing. There is misery in the land. People now find it very difficult to eke out a living for themselves and their families. There is a great need for decisive action to reverse this ugly trend.
However, the assertion that poor revenue is the problem has been challenged by many stakeholders across the country. While it is obvious that the dwindling state of the earnings from crude oil, the major source of Nigeria’s foreign exchange earnings is a major contributory factor to the economic challenges, there is also the unquenchable appetite of this administration for frivolous borrowings with its consequence of an overbearing burden of servicing humongous and ever growing public debt.
All the money way we get no reach grow the country ?
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