At current levels of over N25 trillion, it means that Nigeria has borrowed in three years more than it borrowed in 30 years previously, and the country to remain peaceful and get the economy working better, it must return to the basics of federalism, as the foundation of her national enterprise.
This showed that there is a fundamental dissonance between demography and the economy, he told guests, which included Nigeria’s former High Commissioner to the United Kingdom, Dr. Christopher Kolade, as chairman; Obi of Onitsha, Igwe Nnaemeka Alfred Achebe, among others. He said despite these, the normal metrics of economics continue southward, stressing that unemployment, inflation, productivity are not giving Nigerians any cheering news either.He pointed out that although the empanelling of an Economic Advisory Council is a step in the right direction, there is a need to face the gravity of the current situation.
According to him, the current social crisis is as frightening, given the economic crisis with tales of banditry, armed robbery, kidnapping, insurrection, militancy and the rampaging herdsmen.“As an aside, it is also important to observe that the campaign against corruption is an important issue on this matter in order to tackle the disease and not merely the symptom.”
Of course our deficit keeps on ballooning.
How many 12 is in 25? = 2 remainder 1. This means that the Buhari government has twice ran the economy aground on N1Trillion a month debt for two consecutive years! wasteful
Borrowed to share or attached to projects?. Check your propaganda source and clear your gullible a doubt.
But put to good use? You have to spend on critical sectors of the economy to reflate it, surely...
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