By Atiku Abubakar BEFORE the novel coronavirus (COVID-19) pandemic hit the globe, Nigeria spent 42 per cent of her earnings on debt servicing. We have arrived at a new reality today: Even if we devote 100 per cent of our income to rebuilding our economy, it still will not be enough. COVID-19 has wreaked such damage to the world’s economy, and this is now very evident in the West. But we should not take solace in any false sense of security that nations like Nigeria are either immune to the vagaries of this plague or that we would not be as hard hit. The reason countries in the Western Hemisphere are reporting more significant numbers than developing nations is primarily due to the availability of testing and real-time information. Asking for debt relief Ignorance is not bliss in this instance. We shall soon know the truth and, sadly, this truth will not set us free. It will shock us. Had we closed our ports of entry early, we would probably have had better reasons to be hopeful. However, the past is gone, but we must be proactive in going forward. I hate to be the bearer of bad news, but… Read full this story
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