Nigeria Is Bleeding

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The Federal Minister of Finance, National Planning and Budget Mrs Zainab Ahmed has rise an alarm as she reviewed Nigeria's debt in the first quarter of 2022 was 1.94 trillion naira, which has exceeded the country's revenue by 310 billion naira. This country is heading to a place we are not ready for, it's a total disgrace for the Nigerian government to let this surge in the debt go this far. Honestly, with all the money they claim to borrow I haven't heard or seen a sensible thing they did with the money.

The government gave reasons why the country's revenue dropped such as money laundering, oil theft, insecurity and so on. But to me, this is no problem for the government, it is in their hands to stop all these problems they mention.

She also pointed out that a total of 6.72 trillion naira has been set aside as a full-year budget for the payment of subsidies in 2023 if the country decides to continue with the policy that has been identified as a drain on the Nigerian economy. I am still trying to figure out the so-called subsidy they are paying for, currently, some flights have been cancelled due to the inadequate supply of petroleum to refill the aircraft in the airport.

Nigeria reproduces 1.4 million barrels of oil a day but has failed to refine them instead, the government has heavily been dependent on importing fuel into the country. Since the war between Russia and Ukraine began four months ago, the importation of petroleum has reduced, making the local market vulnerable.

The inflation in the country is not coming down, instead, it's increasing day by day, six days ago bread makers decided to go on 41 days warning strike due to the high cost of baking equipment. The spokesman for the Bakers association Mr Balogun Thomas said that the beakers are incurring a great loss due to the increase in the price of baking equipment and diesel.

The Nigerian economy is bleeding, the cost of living is on the high side, suffering insecurity, and ASSU is still on strike. It is sad the government are not taking the affairs of the country seriously.

So guys that that will be all for today, thanks for stopping by.



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14 comments
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i still don't understand why the nigerians, venezuelans, vietnamese etc., don't push towards ubi and basic income projects in their governments and in cryptocurrency.

So i don't know what to tell you.. Sometimes you gotta make moves to help yourself. everytime i tell people from nigerian communities let's start a basic income crypto join mines.. they do absoluetely nothing every million nigerians should join but all they do is complain about how bad it is in nigeria.

nothing changes they write a post make $2.. when i'm trying to create a crypto that will give them 1000 usd every single month. they do nothing to promote it although we got a referral program so to be honest now and i hate to sound bad about it..

when you all talk about how bad things are in nigeria.. i've become desensitized to it every time now.. because if it's that bad i'd be trying different things that will solve the problem like studying about basic income.. but somehow nigerians think westernized capitalism is going to save them lol. it's not going to i'm sorry.. it can't even save itself. So you all gotta find some solutions to your problems and i'm trying to help but you can lead a horse to water but you can't make it drink

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(Edited)

Nigerians do this as well ...there is nothing Nigerians don't venture into (well). We dey try but our government keep frustrating people's efforts. Bad Leadership is the problem.

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Well you probably won't like what i have to say.. The ubi programs in south korea are working fantastic as well as, other places

if you tried everything that would work for you. you haven't tried everything. Also i think you wrong on bad leadership. I think it's the people as well. You guys have never built a seafaring vessel in the history of the world.. you don't export cars to sell to america like the germans and japanese got all us buying all their shit.

You guys don't do shit..As well i've spoken to many nigerians.. i tell them we got a ubi project we give you free money all you gotta do is pick it up.. nigerians too lazy to pick it up.. now the nigerians in america are pretty good they doctors and lawyers.. i've had nigerians tell me i'm going to join bitcoin myk and get the free money they full of shit.. how can you be that freaking lazy to take zero risk to get free money and still don't do it? no wonder nigeria is in bad shape.

i know alot of people upset with me.. take a number @edicted

the jews probably mad at me although i respect the jews work ethic.. even the gotdamn samoans mad at me.. so it's not leadership i'm leading you guys right now good.

let's see maybe you all join now we got a referral program

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When leadership is gotten right in Nigeria, you ll change this narrative by yourself. Why do you think many average Nigeria stands out in some countries? Working systems enabled by great leadership.

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Nah nah, the leaders will steal everything over there can't be locked down.

No I'm bringing the citizens dividend to Nigeria. Also the citizens dividend referral program provides jobs for everyone.

I'm the only person doing anything. These 4 cents Nigerians earning on hive not doing jack shit. Nigerians suffering and I'm the only person helping not your leaders. Now prove me wrong!

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Nigeria is a messed up country, they should Kuku sell the country and give us our share😁. I was joke joking, I hope Nigeria will be great again.

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I hope so too, things have to change and I hope it does soon.

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It's just so annoying reading all this terrible news about Nigeria, nothing even helps in this country

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I can't remember the last time I heard something good about the state of the country.

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Hmm this is really saddening but what else can we do except to build up our country by contributing our own quota to it? I'm still praying for & will always pray for Nigeria and I know things will turn out better. Thanks for sharing dear.

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I have faith that once Peter Obi becomes Nigeria's president things will get better, it may not be 100 per cent but the country will improve. Thanks for your support.

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Now, most people if not everyone is trying to survive everyone.

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Nigeria is indeed bleeding. I can't think of any other aspect of our dear country that's not depreciating terribly besides the entertainment industry. I'm one of those who still dream of a better Nigeria. Right now, I don't know if I still hold this positive belief.

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Nigeria will get better, I have heard those words since childhood and still no improvement in the country. But I have a good feeling about the coming election if Peter Obi becomes the next president, things will get better but 100 per cent but will improve.

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