to take hard decisions in the interest of the country was necessary, considering the unenviable economic state the nation was when he took office about a year ago, Vice President Kashim Shettima has said.
“Soon, Nigeria’s economy will experience significant growth once we’ve overcome these sacrifices. Positive changes will soon be evident across all economic indicators – inflation, per capita income, GDP numbers, poverty reduction, food security, and all aspects close to the hearts of our people. “The year before we took office, Nigeria’s debt-service-to-revenue ratio had gone to 111.18%. The anticipated debt crisis may sound like fancy economic jargon to the man on the street, but I promise to have a meaningful conversation with you. But you and I are in a better position to understand how such miscalculations have played out in other countries, it’s an economic death sentence.
He however lamented the level of sabotage that the nation’s economy had gone through in the hands of those he noted were only concerned with personal gains over national interest, particularly pointing at fuel subsidy beneficiaries and foreign currency speculators He cited the Argentine Solution suggested by the presidential candidate of the People’s Democratic Party in the last election, Alhaji Atiku Abubakar, noting that governance is not a photocopying machine.
According to him, Nigeria needs to get its acts together first for it to lead Africa into its projected growth revolution because the shape of things in Nigeria will have a lot to do with how the black continent achieves its destiny.
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