Recession: We Have Been Living Above Our Real Means as a People

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Friday, September 16, 2016 12:34 AM / Chat Group Exchange  

I have been following closely the activities of this government and whenever I have the opportunity, I try to find out the opinions of people as regards the performance of this government.

I just realized that the hardship faced by many Nigerians is simply as a result of the fact that almost every one of us benefited from the cycle of corruption and built a society on false premises.

The bricklayer, plumber, labourers, tilers are all complaining because building construction has slowed down massively because the thieves no longer have money to spend on real estate.

The car dealers are grumbling because their cars are begging for buyers. Thieves can no longer spend wastefully.

The private school owners are shouting because parents can no longer pay outrageous sums and are withdrawing their wards.

I was shocked when I learnt that in a popular private University in Abuja, parents are writing undertaking(s) at the account section for their children to be allowed to write exams ... and it goes on and on.

The fact is, a lot of people are returning to what someone referred to as ''default mode''.

We mostly have been living above our REAL MEANS.

We have been staying in houses that ordinarily our incomes can't afford.

Our children are going to schools we can't afford. Driving cars we ordinarily can't maintain.

We have been living a FAKE LIFE all along. Now the reality is before us and we don't want to accept it.

This shows how morally bankrupt we are.

You can't eat your Cake and have it. Take Note..."GOD HELP AND BLESS NIGERIA"

You got billions from bank without collateral using your political influence. You put half into your business and spent the other half on exotic cars, jewelleries' etc.

The truth is....we were never in business, you were only feeding off the system. We were all existing off the inefficiency of the nation!

Too many companies and banks are funded by corruption. Remove corruption from the system and they collapse.......and we end up blaming the person that removes corruption for the collapse of the corruptly run fake company.

It is like our system and corruption are so interwoven and inseparable that removing one will kill the other.

The next move is anyone’s guess……hopefully the lessons of the recession will help us press a reset button.

Keep a date with us as we bring more article(s) on dealing with #RecessionInNigeria 

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