₦airaland Forum

Nigerian singer, Harrysong has advised President Muhammadu Buhari to stop borrowing money from other countries.

In an Instagram post shared hours after Buhari’s request for N850 billion loan was approved by the Senate, Harrysong advised the president to invest in education.

Read more: https://naija.e360hubs.com/2020/04/stop-borrowing-money-from-other.html#ixzz6Kzlw1Xc8

The problem is, the advice works if we were even earning enough money from oil.

We produce just as much oil as the UAE. And we have a population of 200million people, compared to the UAE's 11 million people.

As a result, oil prices need to be above $100 per barrel at least before we can reach a point where we can say...No borrowing.

We can't stop borrowing for now, otherwise, salaries will go unpaid for years. What we can do is be more strategic about our borrowing, fight corruption, and cut government spending. And become an industrial nation that exports.

what does harrysong knows about economics...

360hub:
Nigerian singer, Harrysong has advised President Muhammadu Buhari to stop borrowing money from other countries.

In an Instagram post shared hours after Buhari’s request for N850 billion loan was approved by the Senate, Harrysong advised the president to invest in education.

Read more: https://naija.e360hubs.com/2020/04/stop-borrowing-money-from-other.html#ixzz6Kzlw1Xc8

They would call him Ipob. That's all. I weep anytime I remember the type of people I am sharing the same country with.