Sant1m:
Nigeria's economy is not on a downward spiral, i can liking what is happening on a micro economic level to a household where though a father gives his children their allowance, he leaves his briefcase carelessly in the house. With a false sense of ecomy the children kept embarking on spending spree buying all sorts of frivolity. Once this father realises his folly the children's economy returns to what we have now.
It is my belief that the prudence of PMB for now is what we are feeling, slush funds are no longer flying around looking for avenues to hide like real estate, hence the lull in that sector and most luxury market. All talk of a rebased economy before now was sham, Nigerians should be grateful that PMB came on board at a time like this to curb excesses, the economy would ve collapsed under Gej. Thank god we are not in recession, i believe that we would get through this. Even though the president may not be perfect, i can see he is sincere

Mr we are already in a technical recession and if nothing is done. very fast too, we will be in full recession next year. Prudence and austerity measures are life support in this sense not expansion of opportunities for active economic agents. We need to go full time borrowing to finance our budget irrespective of blocking leakages. We are not a rich country the way many like to believe.