Nigeria and Dangers of Reliance on ‘Easy Money’ for Economic Progress

Deliberately or otherwise, the Nigerian Government has been depending on inflow from Foreign Portfolio Investment (FPI), ‘Ways and Means’ from the apex bank and an assortment of loans (foreign and local) for financing its operations. All these can be classified as ‘easy money’ as against incomes generated through improved production and productivity in the [...]The post Nigeria and Dangers of Reliance on ‘Easy Money’ for Economic Progress appeared first on National Daily Newspaper.

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