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Showing posts from November, 2016

NIGERIA’s MISERY BUDGETs: An out of the box opinion

In actual reality, Nigeria’s budget can easily be called poverty advancement and progression ritual. The actual reasons for these are neither the Niger Delta Avengers menace nor the PDP 16 looting years so advanced by the government, it remains to be the same thing that hamstrung past government. It is an idea problem, a knowledge problem. Actually you can’t have 170m people and budget just about $22B. LOL! Singapore is a one city state of just about 5m and budgets $60b without oil, a city state just the size of FCT. Think about that a while. Nigeria’s budget shouldn’t have been anything below $120B. That in itself is misery. So what is money? Well it is the first question any sovereign government must answer. The idea of money within the government circles in US for instance is not the same thing with government in Nigeria or UK. You must answer that question before you know how to create money itself. US for instance can easily print its USD in the name of quantitative easing