Welcome to Nigeria a country where the government borrows as if the future doesn’t exist. From the IMF to China, from Paris Club to private investors, loans keep rolling in like rain during the rainy season. But ask where the money goes, and you’ll get long grammar with no explanation.
They removed fuel subsidy, yet fuel prices are still rising. The dollar keeps climbing, but salaries are stuck in the mud. We’re told to “be patient” and that “better days are coming” but only the rich seem to see that better.
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Meanwhile, the average Nigerian is in debt to the landlord, the landlord owes the bank, and the bank is deep in debt to foreign institutions. And guess what? At the end of the day, it’s still the poor who carry the burden through taxes and inflated prices.
Those who chop the loan live in luxury. Those who never saw the money live in suffering. If the government keeps borrowing without results, the people will keep repaying with pain.
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