I wonder why the government keeps on borrowing money all in the name of funding projects and paying workers but yet have not proffered any means of paying back those funds they borrowed. Since I was little till now that I am grown up I have always been hearing about the government borrowing money from world Bank and China but I have never heard any day that they have made steps to repay back those funds and that is how different government have been engaging in this borrowing of money to fund projects and other things to keep the country running i begin to imagine what they are doing with the internally generated revenues across the country, it is a shame our government have failed.
Permit me to say that the Nigerian government has no reason whatsoever to run into trillions of naira borrowings they have incurred today because most of those loans cannot be justified and the repayment of those loans have always been affecting the stability of our economy till date
First and foremost, as a country endowed with much deposit of mineral resources in Gold, Lithium, Iron Ore and so many more, together with a blessed fertile land for faming activities, I wonder why Nigeria cannot yet feed itself but still go ahead to loan money for recurrent expenses. This can only happen in a country with a poor political leadership.
Many corrupt people and practices have stagnated our economy allowing us to run into shortfalls and debts amidst the ambitious projects and forecasting made towards the expectations of the government. Most of this ambitious forecasts do not come into reality simply because the leaders have left open gaps for corrupt practices such as Oil theft, fuel scarcity, banditary and other forms of terrorism.
We've talked about many of these things and suggested solutions towards them, but the reality still remains the same that the government should focus on their path towards sustainable development and anti-corruption