Ask an average Nigerian today that, "What state is Nigeria presently?". He/She will reply that "Nigeria is in a state of financial backwardness, because there is no money everywhere". But the more enlightened ones like the Economists, they will say "Nigeria is in recession". What do all this grammar means?. All they simply say is that there is now less money in the economy than before. The production, distribution and consumption activities have been drastically declined. All this happen due to the major factor that the value of naira has now been valueless to the United State of America's Dollar.

Now, What baffles me the most is that these nigerians that keep complaining of economic backwardness, they are the ones that you will still see at the counters in the bank and even at the ATM machines. Please, What are they doing there?........ Are they going there to withdrawal paper or money?... Or they are going there to beg for money?... Because, I don't just understand what is going on.......

Or what is your point of view about what is presently happening?.

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source: Titiloye Timothy's Blog Team