The leadership in Abuja and the rest of Africa cannot afford to be lethargic while the rest of the world is scrambling to save what they can of their economies.
In Nigeria, it is already clear that we must abandon the 2020 budget and come up with a more realistic budget. Our oil benchmark is way off the mark. And we are certainly no longer in a position to budget ₦100 billion plus for our legislatures and almost ₦50 billion for the Presidency . Other African nations must likewise re-budget and reassign and reduce expenditure. We can not spend on luxuries when our necessities have exploded.
We are at a crossroads, and we need to think and act our way into taking the right road. History will forgive us if we make the wrong decisions, but it certainly will not forgive us if we take no decisions in the misguided belief that others will save us. If Nigeria does not save herself in this season of a global emergency, we may find that a new world order will emerge and we will no longer be the Giant of Africa.
Atiku Abubakar is a former vice president of Nigeria and presidential candidate of the Peoples Democratic Party in the 2019 presidential election.
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