The recent warning signal raised over Nigeria’s ever escalating debt profile by the President of the African Development Bank, Dr. Akinwumi Adesina, should be food for thought for our policymakers and those who implement them. According to Adesina, Nigeria is currently using 50% of its revenue to service its debts, compared to the average of 17% for other African countries! This is unsustainable.
We surely do not need rocket science to understand that the country’s economic growth is undermined by the huge debt stock as well as other obvious factors including sheer profligacy in running government. Corruption in high places and the outlandish remuneration of political office holders, with that of our lawmakers ranking amongst the highest in the world, have contributed in making Nigeria the poverty capital of the world.
This rather scary economic situation throws up some salient questions, all begging for answers. Have we, as a country, not been making money from crude oil sales over the past few years? What about the huge revenues from other sources such as the multiple company taxes including VAT, inflows from the ports and the customs?
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AFCON 2019: Nigeria vs Algeria preview | The Guardian Nigeria News - Nigeria and World NewsThe semi-final clash between the Super Eagles of Nigeria and the Desert Foxes of Algeria is undoubtedly ‘The clash of titans’. The teams meet on Sunday night at the Cairo International Stadium in the ongoing 2019 Africa Cup of Nations (AFCON). Nigeria’s Super Eagles are on a mission to win their fourth AFCON trophy, while … No team is unbeatable! Algeriansmustfall
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‘Restructuring only solution to Nigeria’s challenges’ | The Guardian Nigeria News - Nigeria and World NewsBishops Oluwafemi Iroh of Christ Unity Ministry and Asuquo Inyang of Ahaban Evangelical Mission, Abuja, have called on Nigerian leaders to urgently consider the demand to restructure the country before the current challenges .... 'Chris'' What does this news has to do with the Hausa picture in the story ? you people are just useless. What exactly do you want to restructure beside the moral compass of Nigerians? There is ABSOLUTELY NOTHING WRONG WITH THE STRUCTURE OF NIGERIA but a whole lot wrong with Nigerians! Anywhere a people steal from themselves will only give rise to poverty and chaos. See?
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Nigeria vs Algeria: Odemwingie reveals player responsible for Super Eagles' defeat - Daily Post NigeriaFormer Super Eagles forward, Peter Osaze Odemwingie, has pointed out Algeria's Riyad Mahrez, as the man that caused Nigeria's defeat in their semi-final cl The coach Gernot Rohr should be sacked
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Nigeria's cup is full - Pastor Tunde Bakare reacts to Fasoranti daughter's murder - Daily Post NigeriaThe General Overseer of the Latter Rain Assembly in Lagos, Pastor Tunde Bakare, has said 'Nigeria's cup is full'. Bakare stated this while delivering his s Will get worse before it gets better ! Quote me. You suddenly lost your voice,where is you’re save Nigeria movement...hypocrisy It’s Yoruba peoples cup that is full and not Nigerians
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