It may be uncharitable comparing this administration

February 28 [Tue], 2012, 10:42

It may be uncharitable comparing this administration

It may be uncharitable comparing this administration with some of its predecessors. Try as much as I do, I keep having a throwback to some thirty years ago when like President Jonathan; we had an unprepared head of government in President Shehu Shagari.

Both of them have their background in the academia One was a secondary school teacher while the other was a university lecturer Both are products of the same political machinery that has held a stranglehold on the nation since independence always transforming into one group or the other when a new vista opens for it.Now my point is this just as the ruling PDP government has no tangible manifesto other than to say they would better the lives of Nigerians Second Republic President Shagari and the ruling NPN government had no clear cut direction as well

All that mattered was to have money to spend and ensure a landslide victory at the polls even when it is clearly the most unpopular party So the government went borrowing money from various external financial institutions.The defining characters of a motor gearbox are its versatility and customization. There are several combination's in this such as tower crane

In no time the hen came home to roost and Nigeria found itself in the unenviable list of the worlds most indebted nations Yet the NPN government sent Adisa Akinloye its chairman to go on a worldwide tour to say all was well with the Nigerian economyThis was in response to the alarm raised by Chief Obafemi Awolowo of the opposition UPN that with the way the Shagari government was managing the economy and its unrepentant profligacy it was only a matter of time before the nation would find itself in economic dungeon.

Today the euphoria of prosperous economic future that greeted the debt relief has evaporated. All the expectations of the economy having a better footing have become a mirage. But more worrisome is the decision of this administration to embark on a new regime of external borrowing.Experts said the past few years, especially the super-normal development of power generation equipment, has enabled companies struggling to shenzhenwholesale produce