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Travel / Re: Details Of The Calabar Fatal Accident & The Victims (Photos) by Coronavirus1: 11:47am On Aug 21 |
vanbonattel:You are correct I support you because I love enjoyment and people that enjoy life. The life is too short to be forming na me holly pass. |
Politics / Re: Oil Producers Reject Mandate To Supply Local Refineries Crude by Coronavirus1: 10:08pm On Aug 20 |
Federal government please revoked all oill producers linces any one who refuse to sale to local refinery. 14 Likes 1 Share |
Politics / Re: Appeal Court Orders Ex-kogi Governor Yahaya Bello To Appear For Trial by Coronavirus1: 5:48pm On Aug 20 |
He will run to another black market judge to appeal the judgement in another court |
Politics / Re: Kogi Gov Appoints 1,192 Additional Aides by Coronavirus1: 5:26pm On Aug 20 |
Don't waste your time appointing supreme court will sack him very soon. |
Politics / Re: NLC President, Ajaero Rejects Police Summon, Suggests August 29th by Coronavirus1: 5:25pm On Aug 20 |
yarimo:So is yahaya Bello above the law? 4 Likes |
Travel / Re: How Much Is Enough To Relocate From Nigeria To Ghana by Coronavirus1: 5:00pm On Aug 20 |
50 millón naira |
Properties / Re: Abia Government Begins Demolition Of Structures, Landlords Kick by Coronavirus1: 4:59pm On Aug 20 |
Ikaeniyan0:Why will somebody buy school Allocated land? 😈 minded |
Politics / Re: Sayyu Dantata Imports Fuel From Malta by Coronavirus1: 4:44pm On Aug 20 |
Where is your proof propaganda Apc Affiliation |
Foreign Affairs / Re: Crowd Chants "Lock Him Up " After Hillary Clinton Mentions Donald Trump At DNC by Coronavirus1: 4:33pm On Aug 20 |
CyrusVI:Concentrate on Nigeria politics get your pvc to vote bad government out leave America alone many great women are doing well in presidency in other countries. 2 Likes |
Politics / Re: Shaibu Remains The Deputy Governor - Appeal Court by Coronavirus1: 2:47pm On Aug 20 |
Judgement copies Apc are wonder party |
Travel / Re: 3 Girls Die In Tragic Car Accident On MCC Road In Calabar (Photos) by Coronavirus1: 2:45pm On Aug 20 |
Druking and driving that is the result. Rip to the dead. |
Crime / Re: Armed Robber Arrested After He Robbed A Nigerian Store In Netherlands (video) by Coronavirus1: 1:45pm On Aug 20 |
Spandau:Nigerians are not criminals abroad by caring gun to rob a shop. They can be 419 abroad not rubbing 1 Like |
Politics / Re: Shut The Economy If Ajaero Is Arrested, NLC Directs Workers by Coronavirus1: 1:04pm On Aug 20 |
Military even have small respect for the people Tinubu government is a failure to humanity IGp prosperity will judge you. |
Crime / Re: Armed Robber Arrested After He Robbed A Nigerian Store In Netherlands (video) by Coronavirus1: 12:08pm On Aug 20 |
ShogunNoName:Yes you are correct |
Politics / Re: Nigeria Owes NNPC $4.9 Billion Fuel Debt by Coronavirus1: 10:54am On Aug 20 |
God punish NNPCL for saying Nigeria is owing them they are the one owing Nigeria government the money federal government spend on our refinery where is the money you imported fake fuel to the country shame to NNPC and NNPCL |
Crime / Re: 3 Kingpins, 16 Other Convicts Bag 302 Years In Jail For Drug Trafficking (pics) by Coronavirus1: 9:59pm On Aug 19 |
Why are you giving options of fines this not sentence that's freedom. 22 Likes 1 Share |
Politics / Re: Presidency: I am Not Eyeing Tinubu’s Job in 2027 – Ganduje by Coronavirus1: 9:15pm On Aug 18 |
No smoke without fire 🔥 |
Politics / Re: FG Eyes $500m W’bank Loan To Boost Education, Health Sectors by Coronavirus1: 4:21pm On Aug 18 |
**Title: A Call for Responsible Governance: Managing Nigeria's Wealth Without Borrowing** Nigeria is a nation blessed with immense natural and human resources, yet it finds itself increasingly burdened by debt. The temptation to borrow in the face of economic challenges is understandable, but it is not sustainable. Our nation's future depends on our ability to manage our wealth wisely, harness our resources effectively, and build a self-reliant economy. It’s time for the Nigerian government to reconsider its approach to economic management and focus on maximizing the potential of the resources at its disposal. ### The Burden of Borrowing Nigeria's debt profile has been on the rise, with loans being taken to fund infrastructure projects, pay salaries, and cover budget deficits. While borrowing can provide immediate relief, it comes with long-term consequences. The cost of servicing these debts consumes a significant portion of the national budget, leaving less room for investment in critical sectors like education, healthcare, and social welfare. Moreover, excessive borrowing weakens the naira, increases inflation, and makes the country vulnerable to external shocks. ### Leveraging Our Resources Nigeria is richly endowed with oil, gas, solid minerals, and arable land. These resources, if properly managed, can generate significant revenue and reduce the need for borrowing. The government should prioritize transparency and accountability in the management of these resources. Corruption and mismanagement have historically hindered the effective utilization of our wealth, but with strong political will, this can be addressed. ### Diversifying the Economy Relying on oil as the primary source of revenue is a risky strategy. Global oil prices are volatile, and the world is gradually moving towards renewable energy. Nigeria must diversify its economy by investing in agriculture, manufacturing, technology, and tourism. By doing so, the country can create jobs, boost exports, and increase revenue, reducing the need to borrow. ### Cutting Wasteful Spending The Nigerian government must also address wasteful spending. The cost of governance is high, with a significant portion of the budget allocated to recurrent expenses such as salaries, allowances, and perks for public officials. By streamlining government operations, reducing the number of political appointments, and cutting unnecessary expenses, the government can free up resources for critical investments. ### Encouraging Private Sector Participation The government cannot drive economic growth alone. It must create an enabling environment for the private sector to thrive. By removing bureaucratic bottlenecks, improving infrastructure, and ensuring policy stability, the government can attract both local and foreign investments. This will not only reduce the pressure on government finances but also stimulate economic growth and create jobs. ### Conclusion: A Call for Responsible Governance Nigeria's future should not be mortgaged through excessive borrowing. Instead, the government should focus on managing the nation's resources effectively, diversifying the economy, cutting wasteful spending, and encouraging private sector participation. By doing so, Nigeria can achieve sustainable development, reduce its debt burden, and ensure a prosperous future for its citizens. It’s time for our leaders to demonstrate responsible governance and make the tough decisions necessary to secure Nigeria’s future. The resources are there; what we need is the political will to manage them wisely. |
Politics / Re: FG Eyes $500m W’bank Loan To Boost Education, Health Sectors by Coronavirus1: 3:59pm On Aug 18 |
No more loan manage the country resources. Stop wasteful cut down all allowance |
Health / Re: Edo Health Reforms: A Model For Sustainable Healthcare Improvement - Osarunwese by Coronavirus1: 1:28pm On Aug 18 |
Go to Benin city and verify it's there. 1 Like |
Politics / Re: LG Election: Labour Party Secures Most Votes Without Candidate In Bauchi by Coronavirus1: 1:20pm On Aug 18 |
yarimo:It will never be well with Tinubu for bringing tribe into politics God will puninsh your real papa 🐐 2 Likes |
Business / Re: Meet 24 Nigerian Billionaires In Oil And Gas Industry by Coronavirus1: 1:45pm On Aug 17 |
The Niger delta where the oil is floating from non of of his citizen are among the oil magnet. |
Politics / Re: Hadejia: Shock As Videos, Photos Link Gunrunner To Government Officials by Coronavirus1: 12:11pm On Aug 17 |
Minster of defence should be arrested or sack from his duty. 1 Like |
Politics / Re: Nigeria Eyes $500 Million World Bank Loan To Reduce Staffing Gaps. by Coronavirus1: 2:22pm On Aug 16 |
This government is corse for taking loan up and down because they are happy to share the money 💰 among themselves one day is coming |
Family / Re: ‘It’s A Skit’, Says Man Who Trended After Wife ‘Tore’ His Passport by Coronavirus1: 8:26am On Aug 15 |
adenigga:Story cover up because the woman is going to jail it's not a skit what about the drama inside flight ,You will end up in early grave if you continue with such a wife |
Politics / Re: FG Blocks N83bn Protest Funds, Arrests Political Collaborators by Coronavirus1: 2:17pm On Aug 14 |
Propaganda government evil 😈 Apc let them show us the account details |
Crime / Re: Protest: Sudan Crisis Mastermind Planned To Destabilise Nigeria – IGP by Coronavirus1: 7:27am On Aug 13 |
descartes400:diepreye alamieyeseigha is not delta governor but former Bayelsa state don't mislead people 🙄 |
Celebrities / Re: EFCC: I Did Not Petition Paul But Jude - Peter Okoye by Coronavirus1: 2:59am On Aug 13 |
Jude okoye is a criminal by the time this matter goes to court both him and the wife will go to jail sure criminal offence 2 Likes |
Foreign Affairs / Re: Kamala Harris Leads Donald Trump In Wisconsin, Pennsylvania And Michigan by Coronavirus1: 11:18pm On Aug 12 |
MadamVanessa:But the time of women as president is ripe in Brazil mexico na who do you |
Travel / Re: Why I Tore My Husband's Passport At The Airport - Woman (Video) by Coronavirus1: 12:21pm On Aug 12 |
Say it what you are passing through ungrateful woman |
Politics / Re: Sylvanus Oriji: Judge Who Restricted Abuja Protesters To Stadium Wike’s Kinsman by Coronavirus1: 11:21am On Aug 12 |
Cherrybae:The bottom line they are both from River state the judge is corrupt truth be told. |
Travel / Re: Nigerian Immigration Investigates Torn Passport Incident At Lagos Airport by Coronavirus1: 11:04am On Aug 12 |
EreluRoz:Yes because a woman that removes his husband from part of her dependant and wants the husband be deported back home after the man sold his property to take all the family abroad so my conclusion the woman is a bad wife. I love the way the man also report her fake medical certificate let us come back to face Tinubu tribulation a do man do body |
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