It has almost become cliché to say that Nigeria's economy is in trouble. You hear it daily. In the second and third weeks of May, Bloomberg and The Economist wrote articles with damning headlines. The Economist went for "Nigeria's economy is stuck in a rut," while Bloomberg asked the question, "Is Nigeria falling apart?"
Nobody is lying. More than half of Nigerians are unemployed or underemployed. And with current inflation rates, food prices will double in three years. According to The Economist, the percentage of people who want to emigrate from the country jumped from 36% in 2014 to 56% in 2018.
So yes, "stuck in a rut" indeed.
Between Twitter, Clubhouse and different media publications, there is a good amount of commentary on how bad our situation is. We also hear many opinions on how the government should deploy policies to deal with our problems. Just last week, the