'Nigeria will soon turn to a beggar nation as result of our country’s overdependence on one major revenue source – oil. It explains why the country will remain weak and fragile.'
Exactly 36 years after the then Major General and now President Buhari justified the coup against late Shehu Shagari government on the ground of its inability to cultivate financial discipline and prudent management of the economy, we have come to depend largely on internal and external borrowing to execute government projects.
Unfortunately, not only are the promises not kept; the administration has no clear-cut policy initiative to stem the nation external and internal debt, the high level of inflation and the falling value of the naira against the United States dollar.
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