Nigeria Urgently Needs our Prayers
November 24 2016 By Abiodun Giwa
Nigerians say their country needs prayers to miraculously return the price of petroleum to its earlier high point to save the country.
Obviously, Nigerians are crying aloud, about the hard economic situation in the country, which they say has forced itself on the nation, against expectations and seemingly beyond human control.
Just nine months ago, the country voted for change and in favor of vigorous fight against corruption, but today many Nigerians who voted against a leader considered weak in favor of the opposition party don't know, whether they acted rightly or wrongly.
According to interviews by Global Pentorch, these Nigerians are saying that the economic situation currently biting in the country makes the hard economic situation of the time prior to foisting the opposition party and the fight against corruption, pales into insignificance.
"We are looking toward God," a female respondent said.
"This economic situation seems like our leaders want to kill everyone. Foreign companies are moving their operations out of Nigeria, " a male respondent added.
Right now, no one is talking about why the price of petrol has fallen soon after Muhammad Buhari's emergence as president. Is the fault in Buhari or in the country as a nation? Why has God allowed the fall of oil price, which the country relies upon as income, for all its needs?
Buhari's government, on assumption of power, expressed concern over the country's dependence on oil alone, as source of income, to the neglect of other sources, and that it will do everything to revive other sources of income, like the production of groundnut in the North, Cocoa in the West and palm oil in the East.
But how to manage capital projects budgeted for with income expectations from petroleum, before income from earlier abandoned source will begin to materialize, is a problem no one will admits.
Any discussion about prayers for God to return the price of petroleum to its earlier high price is out of equation, but it is what Nigeria urgently needs and not borrowing to sentence the country into indebtedness it may never recover, many people are saying.
Buhari has sought the National Assembly to approve the borrowing of $29.960 billion for infrastructure projects across the country, but the senate has turned down the request and the civil society does not seem to be on the government's side.
Rather, the civil society wants the government to channel the money it is currently recovering from the corruption fight to aid the sick economy. Many Nigerians remember how Buhari's government under the military struggled with the same economic issue and the institution of trade by barter as a last resort that failed. This time, exchange rates between the Naira and foreign currencies have sky rocketed.
The dollar exchanges against the Naira stands at over N400.00 to one dollar. Many Nigerians say that everything going down and that only God is the solution and not bringing back the former leader, who was voted out in the last election.
Obviously, Nigerians are crying aloud, about the hard economic situation in the country, which they say has forced itself on the nation, against expectations and seemingly beyond human control.
Just nine months ago, the country voted for change and in favor of vigorous fight against corruption, but today many Nigerians who voted against a leader considered weak in favor of the opposition party don't know, whether they acted rightly or wrongly.
According to interviews by Global Pentorch, these Nigerians are saying that the economic situation currently biting in the country makes the hard economic situation of the time prior to foisting the opposition party and the fight against corruption, pales into insignificance.
"We are looking toward God," a female respondent said.
"This economic situation seems like our leaders want to kill everyone. Foreign companies are moving their operations out of Nigeria, " a male respondent added.
Right now, no one is talking about why the price of petrol has fallen soon after Muhammad Buhari's emergence as president. Is the fault in Buhari or in the country as a nation? Why has God allowed the fall of oil price, which the country relies upon as income, for all its needs?
Buhari's government, on assumption of power, expressed concern over the country's dependence on oil alone, as source of income, to the neglect of other sources, and that it will do everything to revive other sources of income, like the production of groundnut in the North, Cocoa in the West and palm oil in the East.
But how to manage capital projects budgeted for with income expectations from petroleum, before income from earlier abandoned source will begin to materialize, is a problem no one will admits.
Any discussion about prayers for God to return the price of petroleum to its earlier high price is out of equation, but it is what Nigeria urgently needs and not borrowing to sentence the country into indebtedness it may never recover, many people are saying.
Buhari has sought the National Assembly to approve the borrowing of $29.960 billion for infrastructure projects across the country, but the senate has turned down the request and the civil society does not seem to be on the government's side.
Rather, the civil society wants the government to channel the money it is currently recovering from the corruption fight to aid the sick economy. Many Nigerians remember how Buhari's government under the military struggled with the same economic issue and the institution of trade by barter as a last resort that failed. This time, exchange rates between the Naira and foreign currencies have sky rocketed.
The dollar exchanges against the Naira stands at over N400.00 to one dollar. Many Nigerians say that everything going down and that only God is the solution and not bringing back the former leader, who was voted out in the last election.