Why our economy is in recession

The challenges we are facing at the moment has to do with the fact that we over-relied on oil. When the going was good, we didn’t save for the rainy period, and thus, we enjoyed the money while it lasted.  It is so unfortunate that a large chunk of monies were also stolen.

Now, due to the fall in the price of oil, we are suffering economically, and we are regretting the fact that we didn’t plan for the rainy days.

  • Bamidele Akindele,