Sunday 18 September 2016

THE TRUE MEANING OF RECESSION!

Recession is a word, no doubt, but it is more than a word,it is an experience: the experience that the majority of Nigerias is going through .If  you are at a  significant remove from experience, it may be difficult to know how it feels ,and if you are an economist,you are likely to be conveniently obsessed with textbook ideas.
Recession is when Nigerians begin to shift the traditional dates for social parties. You know we love parties a lot.virtually every weekend ,there is one party or the other, where people wear asoebi and the Naira becomes a flying object, being thrown all over the place and so on. Sometimes these parties make no sense:imagine a man throwing a party to "turn the back" of his great grand father who died 50 years ago .And when some parties are held the date on the invitation caed is during the week:can you imagine being invited to a wedding on monday?I have seen that happen .
Recession is when you now read in the newspapers virtually every week about people committing suicide. Nigerians are so fun_loving we were once described as the happiest people on earth.Right now ,we will fail the test. Suicide used to be so rare in this country. It was considered impossible! Why would anyone want to kill himself? I used to hear people say 'EBA is sweet oh,I can't come and die "or " life is for living "or " e go better " People are not so sure anymore,haha.
Recessy is when companies are retrenching everyday or closing shops and SMEs are dying .in the last one year, high unemployment figures have been announced .Banks have had to shed weight ,the foreign exchange crisis has forced many companies to downsize or abandon Nigeria ,investors are taking their funds out of the country ,many states of the federation are so much in distress ,they have stopped paying salaries.Civil servants cannot afford a bag of rice because their minimum wage is 18,000 and a bag of rice is N22,000 or higher in some places.
Recession is when in spite of all this,the breweries in Nigeria are posting unbelievable record profits and smiling to the banks.The men go home and privately drown their sorrows in bottles. MAY GOD HELP US

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