NIGERIA: A NATION LEAD BY GREEDY FOES.


I am never surprised that we are in the present economic verbose as a Nation. Not too big a word to qualify the present economic quagmire we are witnessing.
We ought to have experienced this in 2011 had pgej lost that election because as at then, the treasury was also emptied but because of the electoral sympathy of a shoeless person, he emerged victorious and the ever inevitable shame was covered in preparation for now.
As at March 2011, the then minister of works stated succinctly that the Nation was broke to embark on any capital project. The reserves from 52billion dollars then was left with 300million dollars less than a month to election but no one cares to listen.
Now in 2015, less than 3weeks to handing over, we have started experiencing the pain we escaped in 2011 due to bad spending. This attitude of bad spending without saving cum broke nation was the reason behind the subsidy removal in January 1st 2012 in order for the govt of the day to recoop wasted funds in order to cushion the effect of lack of fund on the civil servants and also to purnish the thieving oil marketers and also to escape their hammer on the economy. That is the hammer now on us all.
The marketers wont go back. its pay back time. All of a sudden we started hearing partial subsidy and finally the govt admitting that subsidy still continues and okonjo iweala has always been the spoke person in this economic aspect and reuben abati and doyin okupe are hell bent spreading the lies across board.
The truth is that economic theories, functions and application requires more practical than paper work theory but these people know nothing about it.
Presently any money borrowed will be bad debt except vital part of our national assets would stand in exchange for it but this wont be made known to us all. Where do we go from here as a Nation? Greed has brought us this far and low among committees of Nations.
May God help us as a Nation!!
Akande Akin Sanyaolu
Director, Boldan Agro Ventures.

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