Quotes

"Borrowed Calm: The Risk Beneath Nigeria’s Rebound"

The world’s financial capitals are beating the drums, whispering… “Cut the rates, cut them now.” From marble halls in Washington to glass towers in London, under the watchful eyes of politicians, Central Bankers are being pressed to ease the cost of money.

Quick relief is being offered,… but it’s a relief that hides the cracks, masks the wounds, a bandage where stitches are needed.

Cheap money can paint bright headlines, yet it deceives the eye. Investors read hope where there is caution; reforms are shelved for another day, and markets dance to music out of tune with the truth.

Is it a mirage?… Like all mirages, it fades when the heat rises.

How will this song play in Nigeria? Two sides of the coin: One whispers danger, the other hums with hope.

We stand on shifting ground. The Naira, fresh from its rebound, shines with fragile pride. But will it hold?

Loose global credit can flood in like fickle rain. Raising prices on imported goods, stirring restlessness in the foreign exchange market, and tempting capital that departs as fast as it arrives.

If we do not build our own guardrails, keeping clear eyes on the market, steady hands at the treasury, and seed in the soil of real production… The Naira’s glow will dim, confidence will scatter like dry leaves before the harmattan wind, and the economy will stand bare, exposed to the storm.

By: Sandra A. Aghaizu

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