ECONOMIC SNAPSHOT OR ECONOMIC MAGIC? WHEN BIG NUMBERS ARE USED TO HIDE SMALL REALITIES – By Pastor Prof Chukwuemeka Ifegwu Eke
ECONOMIC SNAPSHOT OR ECONOMIC MAGIC? WHEN BIG NUMBERS ARE USED TO HIDE SMALL REALITIES There is something almost comical about the way Nigeria’s economic “success stories” are sometimes packaged. A colourful chart appears, arrows are pointing upward, revenues are breaking records, inflation is supposedly declining, GDP is growing, debt ratios are becoming “healthier,” and suddenly we are expected to clap. One is tempted to ask: if the economy is doing this wonderfully on PowerPoint, why does it become shy whenever it meets Nigerians in the marketplace? That is the problem with this so-called economic snapshot. It may not necessarily contain…
