Tuesday, 1 November 2011

Nigeria Family Meeting- Attending

I'm calling a family meeting today
To discuss and weigh important issues
This calls for no more than necessary words
Nigeria our mother is sick to the death.

She was sick at the head
after she broke free from her abductors
then it grew worse and extended to her limbs
so no matter what prosthetic limbs we approved every 4years,
they can only be ill, corrupt and malfunction.

Now her whole system is infected-
her organs are shutting down
She can still feel her legs but her system won't support their movement
and so she lays immobile, vulnerable to every ailment known to man.

We invited healers from distant lands, they looted her jewelry
we called on our own, spiritualist, diviners, herbalists, physicians-
they altogether covet her possessions, seeking her death
We are left to save our mother, the choice of a miracle is in our hands!

She is dying but her heart still beats and she smiles sometimes in the midst of her agony
Our choices are limited, our pockets are feeling the hospital bills.
Keep her on life support and approve temporal cosmetic surgeries?
Transplant her heart to a new but functional body and forgo the remembrance of her face?

The doctors gave her a 50/50 chance to live,
but it all depends on what we do today;
And so the meeting comes to a close,
The surgeons await our response-change Nigeria or watch her die!

Friday, 28 October 2011

It Gets Worse...Nigeria's Dept now N6.02 Trillion.

From ThisdayLive today...

"Chairman of the Senate Committee on Local and Foreign Debts, Senator Ehigie Uzamere (ACN, Edo), said yesterday that the country’s total debt now stands at US$39.72 billion (N6.02 trillion), of which external and domestic debts are US$5.398 billion and N5.210 trillion, respectively.
He said during the inauguration of the committee that “this amount is unsettling and called for concern.”
This is even as the Deputy Senate President, Senator Ike Ekweremadu, berated past administrations in the country for taking foreign loans for specific projects, which were later abandoned.
In his opening remarks at the committee’s inauguration, Uzamere urged governments at various levels to “focus more on borrowing for projects with self-repaying capacity and job generation rather than borrowing to finance gaps in budgets that are largely recurrent”
He noted that while the total debt of N6.02 trillion was more than the Federal Government’s annual budget, its external component translated to 2.76 per cent of the nation’s Gross Domestic Product (GDP) and its domestic component translated to 17.53 per cent of GDP"
I will join Uzamere to ask this question, "Do we have the capacity to repay this money considering our yearly revenue profile? What is the future value of the total debt in 10 years’ time, considering the way we are going? ( emphatic addition mine).
`
Go here to read it in full and hope you don't end up crying for Nigeria Like I have found myself doing in recent times.