₦airaland Forum

How genuine is your source of income?

Nigeria Economy was never strong. It was only revolving around corruption.
A man steals Millions of Naira. Uses part of it to build a house. He will buy bags of cements, building rods and other materials. Pay workers who work on the site. Give Millions to his girlfriend, who will go and buy Brazilian hair, buy expensive jewelleries and shoes. Spent Millions on a five star hotel to organize a birthday party and buy assorted drinks.
They were getting Billions of Naira from the scam called fuel subsidy. They will go and keep the money in the Banks, and the Banks were looking for fat deposits. From the loots, fat offerings and tithes were paid. Millions were even paid to Religious leaders for prayers. The Economy was booming around corruption.
Then, a new Sheriff came to town with integrity. He says, it is not going to be business as usual. TSA was introduced. The war against corruption declared. Most sources of ill gotten wealth cut off. No more free cash for the boys.
And because we are a consuming Nation from ill gotten wealth, the so called strong Economy suddenly collapsed. Some even suggested that corruption should be brought back.
We must now start to build a productive Economy based on genuine source of wealth.
This is the sorry state of Nigeria Economy today.

Nigeria had no economy.

Our economy was corruption.

OP, Na Holy Spirit reveal this one to you.

francoray:
How genuine is your source of income?

Nigeria Economy was never strong. It was only revolving around corruption.
A man steals Millions of Naira. Uses part of it to build a house. He will buy bags of cements, building rods and other materials. Pay workers who work on the site. Give Millions to his girlfriend, who will go and buy Brazilian hair, buy expensive jewelleries and shoes. Spent Millions on a five star hotel to organize a birthday party and buy assorted drinks.
They were getting Billions of Naira from the scam called fuel subsidy. They will go and keep the money in the Banks, and the Banks were looking for fat deposits. From the loots, fat offerings and tithes were paid. Millions were even paid to Religious leaders for prayers. The Economy was booming around corruption.
Then, a new Sheriff came to town with integrity. He says, it is not going to be business as usual. TSA was introduced. The war against corruption declared. Most sources of ill gotten wealth cut off. No more free cash for the boys.
And because we are a consuming Nation from ill gotten wealth, the so called strong Economy suddenly collapsed. Some even suggested that corruption should be brought back.
We must now start to build a productive Economy based on genuine source of wealth.
This is the sorry state of Nigeria Economy today.

Tell Buhari to implement true federalism and not wasting money looking for oil in the North as if the States won't do that under true federalism

francoray:
How genuine is your source of income?

Nigeria Economy was never strong. It was only revolving around corruption.
A man steals Millions of Naira. Uses part of it to build a house. He will buy bags of cements, building rods and other materials. Pay workers who work on the site. Give Millions to his girlfriend, who will go and buy Brazilian hair, buy expensive jewelleries and shoes. Spent Millions on a five star hotel to organize a birthday party and buy assorted drinks.
They were getting Billions of Naira from the scam called fuel subsidy. They will go and keep the money in the Banks, and the Banks were looking for fat deposits. From the loots, fat offerings and tithes were paid. Millions were even paid to Religious leaders for prayers. The Economy was booming around corruption.
Then, a new Sheriff came to town with integrity. He says, it is not going to be business as usual. TSA was introduced. The war against corruption declared. Most sources of ill gotten wealth cut off. No more free cash for the boys.
And because we are a consuming Nation from ill gotten wealth, the so called strong Economy suddenly collapsed. Some even suggested that corruption should be brought back.
We must now start to build a productive Economy based on genuine source of wealth.
This is the sorry state of Nigeria Economy today.

This is plumbing new levels of desperation.

So when the political class stole money, much of it shipped out of the country, it was the bit that they spent in Nigeria that was keeping the econoomy afloat. Whereas today that the money is no longer being stolen and it is now available for the government to invest in the country (instead of being shipped out), this is causing the economy to crash?

They better be paying you well to post this nonsense.

This is the true nature of Nigeria economy

TSA was introduced by the govt of GEJ and not buhari. You should stop deceiving yourself, its not 2019 yet.