CASH CRUNCH EVERYWHERE: Most people I know are seriously complaining about cash squeeze. I mean people that are doing very well and can afford to dash N1m, N2m without looking back before now. I have some of them that anytime i told them in the past that I am broke they would say Tope come and take 250k, N500k and manage yourself. It dawned fully on me yesternite when a very close senior friend told me that most of the people she knows have withdrawn their children from expensive private schools to much cheaper ones. Some whose children are British and American citizens, she told me had sent their children back to attend free public schools in US and the UK moreso when public primary and secondary schools in US and UK are better than the expensive private schools here. It seems all of us doing legitimate businesses in Nigeria are worst hit by the cash squeeze. Those with loads of cash now in Nigeria are militants, kidnappers, public officers and their politician friends and the Transformation Ambassadors of Nigeria entrepreneurs.
Posted on: Wed, 05 Nov 2014 09:44:32 +0000
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