The table below is the state of Nigerian kitchen tables and possibly why CBN updated its lending rate today. What goes behind this table is the real Nigeria with kids going to bed hungry. My prediction is that Nigeria is entering recession as I do not feel strategic repositioning anywhere. Because the government does not have cash to re-ignite the economy, the game plan makes it inconsequential.
Interesting, only the banks can save the economy. Why? They look better than the government to lead NOW. If the Bankers Committee decide to drop close to N400 billion profit after tax they made in HI 2020 and inject half of it, they could re-stimulate the economy and recoup the investments later. Of course, these banks are “humans”. If they do not feel loved, via policies, they will not fight for the nation with their monies.
Open your survival playbook – the economy is not healthy.