What we are now witnessing with Nigeria's financial crisis is the result of excessive borrowing for consumption and not for investment for several years now. https://t.co/EdrMgOS2Ke
Opening the record…
Opening the record…
Budgets, public debt, taxation, and the cost of living. Posts are grouped by their primary browsing category, separately from reviewed policy positions.
What we are now witnessing with Nigeria's financial crisis is the result of excessive borrowing for consumption and not for investment for several years now. https://t.co/EdrMgOS2Ke
We need to reposition Nigeria for a post-Covid Economy. https://t.co/M8A5lgoTHf via @YouTube
For Nigeria to pull itself out of this economic recession, the 2nd in the last 5 years, there's a compelling need to cut the pork out of the budget and expenditure at all levels of govt and redirect the economy from a wasteful consumption-based one to a productive economy. -PO
Taxation is an investment. We have 90m Nigerians who are not doing anything. The government first has to invest. How? By putting money in SMEs. In a bank, you cannot withdraw without paying in. Nigeria needs to invest in its people, after which they’d pay back (via taxes). -PO
I have always sued for the support of small businesses. They are the engine of economic growth. With well articulated fiscal and monetary policies, our small business sector will boom and catalyse the economy for more growth and development. https://t.co/Lc3VxLNEpw
Our past and continued mismanagement of borrowed funds and borrowing for consumption are the major contributors to the monumental economic challenges confronting Nigeria today.
Distortions in the economy and fiscal policies have triggered instability of the Naira, The plummeting exchange rate is worrisome.
As a matter of urgency, Nigeria must stop borrowing for consumption, but only borrow to invest in regenerative development projects and other productive ventures.
We will aggressively pursue increased contribution of ICT to overall economic growth & national development. -PO #POinToronto
We will pursue aggressively modalities for raising the national internet penetration, as well as increased contribution of ICT to overall economic growth aid national development. -PO #POinCalifornia
We will pursue aggressively modalities for raising the national internet penetration, as well as increased contribution of ICT to overall economic growth aid national development. -PO #POinHouston
We will pursue aggressively modalities for raising the national internet penetration, as well as increased contribution of ICT to overall economic growth aid national development. -PO #POinCharlotte