Nigerians all over the world were thrilled last week of the great news that Paris Club decision of forgiving about 60% of Nigeria's debt to the Financial organization. Even though Nigeria and other African nation's are now clamoring for total debt cancellation and should I add that the should also request for scrapping of trade barrier's which will also help us in the path to the most cherished economic recovery.
At this point in our history it is good for us to appreciate, support and continue praying for our dearly beloved President Obasanjo for his vision and direction. He should remain properly focused because God purposely saved his life in the hands of late tyrant General Sani Abacha, so that Obasanjo can lead Nigeria to the next level or the promised land just like God used Moses to lead the Israelites out of Egypt.
President Obasanjo had vigorously and persistently fought for this victory, Considering the enormous travelling he embarked upon as soon as he was sworn in as the President of Nigeria in 1999.Many Nigerian commentator's including yours truly was against his frequent oversea trip's. At a point it was even reported in the News media that President Bush stopped giving audience to President Obasanjo instead his junior minister's are directed to meet with President Obasanjo.
However this is the time that Nigerian's and our leaders should come together and forget our differences to re-invent and kick-start our economy and the future. Nigeria had been a huge joke in the past that even most of these small African nations are laughing at Nigeria and even claiming superiority to us.
Nigeria should also invest on the basic infrastructures like Electricity, Housing, Road's Etc. There should also be focus on manpower development and most of our foreign based professional's should be encouraged back home with good incentive's and pay that will discourage all this so called brain drain. The Government should assist the financial sector and I will suggest that Nigeria should look at South Africa as a case study considering it is an African nation. Most educated South African's don't like going to work and live in overseas country this is because upon graduation nice and well paying jobs are available and once you are employed you can truly plan your life from the present to the future. Your banker is willing to assist you in buying a car, home and other basic need's you want which you will pay up within 15 to 35 year's. This incentive also encourages citizenry to be serious with their jobs and life. You are indirectly forced to work harder so that you can pay up your mortgage or loan or you stand the chance of loosing that your cherished dream home or car
Finally the western nation's and it's financial institution's should always say NO to fund's from all these rogue President's and Government official's.