A deep look into Nigeria's debt. But as wider as the topic, I was expecting more variables to further take the reader deeper, into more scenarios that also, can show otherwise. For example, A country of more than 200 million inhabitants, the vast natural resources, and most noticeably, the average workforce that represents 60% of it's total population, we will always assume Nigeria, with determined leadership can navigate through a long-term and ambitious plan that was laid, through the mechanism of an aggressive infrastructural development. Lest I forget, with infrastructure, growth is possible, and you can only dream of it happening where deteriorated infrastructure is tasked to provide such. So if every penny borrowed, is intended for infrastructure, it's worth appeasing the cost because, no cheap way to economic solutions for a country like Nigeria. I believe these borrowings are meant for a long-term goals. And I also believe, with a strong and determined leadership, this will be history. God bless Nigeria
Interesting analysis overall and what the government must do to at least stop this bleeding is clear.
Its also pretty clear, given the kind of politics and government we run in Nigeria sadly, the only way we know how to solve problems is either to throw money at it or ban it altogether. Being fiscally prudent, an high interest environment, a gradually decreasing confidence in the naira while the electorate bites the hard bullet of inflation for an extended period can't simply happen all at once.
Our best bet right now is to bring oil receipts closer to 2mmbd by putting a stop to "oil theft" that has stayed for far too long now. In my opinion, that is probably the only chance of achieving the fiscal discipline we seriously need, while also fanning hope of future investment inflow in the oil & gas space.
this was quite interesting to read. Policies have consequences!
A deep look into Nigeria's debt. But as wider as the topic, I was expecting more variables to further take the reader deeper, into more scenarios that also, can show otherwise. For example, A country of more than 200 million inhabitants, the vast natural resources, and most noticeably, the average workforce that represents 60% of it's total population, we will always assume Nigeria, with determined leadership can navigate through a long-term and ambitious plan that was laid, through the mechanism of an aggressive infrastructural development. Lest I forget, with infrastructure, growth is possible, and you can only dream of it happening where deteriorated infrastructure is tasked to provide such. So if every penny borrowed, is intended for infrastructure, it's worth appeasing the cost because, no cheap way to economic solutions for a country like Nigeria. I believe these borrowings are meant for a long-term goals. And I also believe, with a strong and determined leadership, this will be history. God bless Nigeria
Interesting analysis overall and what the government must do to at least stop this bleeding is clear.
Its also pretty clear, given the kind of politics and government we run in Nigeria sadly, the only way we know how to solve problems is either to throw money at it or ban it altogether. Being fiscally prudent, an high interest environment, a gradually decreasing confidence in the naira while the electorate bites the hard bullet of inflation for an extended period can't simply happen all at once.
Our best bet right now is to bring oil receipts closer to 2mmbd by putting a stop to "oil theft" that has stayed for far too long now. In my opinion, that is probably the only chance of achieving the fiscal discipline we seriously need, while also fanning hope of future investment inflow in the oil & gas space.