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NIGERIA RECESSION: I'm part of the first people who lost their jobs when this Government came online, I Sold My Car - Toyo Faloye

As shared on his profile .

I'm part of the first people who lost their jobs when this Government came online. I lost a lot, sold my car, open up a cybercafe and cut down to the new reality but I knew
a day like this was coming.

The company I worked with before was doing nothing but building estates with no tanets, building filling stations that doesn't sell fuel. We made a lot of money and we spent a lot of it on expensive VIP parties, sending gifts to Politicians during Sallah and Christmas periods.

Our MD has run away from the country and our head office has been given eviction notice since last year so I heard.

My point is simple, we need to adjust to reality, working in a private company is not same as working in government agency.

There is no guarantee to long term employment. We spend all our salaries with no Savings and no alternative investments. We choose to stay in big cities were life is expensive and don't plan to ever leave there.

A lot of my colleagues are still leaving in Abuja, some have relocated to Suleja and are looking for work inside the same Abuja while selling their belongings just to survive.

Many people fall into this category, many put their children in expensive schools without opening education trust fund for their kids. Expensive cars, designer wristwatches just to make a fake expression.

Now they blame the Government, they blame recession but they won't blame themselves for not planning ahead.

Everybody came from a village or at least everyone has a hometown.  Is not by force to keep on staying in the city or to look for work in the city.

People need to adjust their lives, move to places that life is cheap and start all over again. Even if we get out of Recession most companies will take time before they will hire again because of bank debts.

Banks are closing down branches because the truth is they didn't create wealth but they were busy managing other people's wealth. They invested heavily in Oil and Gas and Properties. They invested in heavy industries and refused to invest in small scale businesses such as farming.

Banks hardly give out soft loans in the range of 50,000 to 100,000 to retailers but will give out car loans, generator loans to Government employees.

Bad debts are all over the place, every Bank is suffering from bad debts and it's not because of the Government policy is because of cooperate Greed and poor Investment Judgments.

Take this cattle-farmer crisis, imagine if Banks will merge with Fulani Herdsmen, provide finance to built modern slutter houses in the northern part of the country and develop a system to move this meat produce down south in perfect condition using freezer trucks.

But they are busy investing in Forex and their employees are blaming the Government for getting sacked.


- Attairu Abdulahi


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