SCARY THOUGH OVER NIGERIAN ECONOMY

With pretty number of macro economist we had in Nigeria, yet they fail to see us through the harsh recession we are plunge into through corruption. our economist are too good in theory aspect but come to practical aspect is the beginning of their incompetence. Nigeria is abundantly endowed with natural resources at any level but the right people to manage it are denied the opportunity to be with the government agency and help the even before he suddenly suffer recession.


The most frighten issue about Nigerian economy they are not producing and but they are consuming, all the industries, firms and companies as fold up due to incessant power failure, scarce resources and inability to pay workers salary. This trend continues to bring set back to the country economy growth and development. without production of good and services, the country gross domestic product (gdp) will fall to a scary point.


 Too scary for economy thoughts, when all the macroeconomics mathematical tool remains dummy in the eye it redeemers.our economy teams has done nothing to revamp the die economy, they only place blame on the federal government as if the government are messiah of change. the only area that i can fault the federal government is the area of choosing a better team to represent them in economic policy decision making.