Hidden Damages

Caution has been thrown to the winds and Those-in-Charge in Nigeria today have gone into an external borrowing spree. Presently, the country's external debt is about N39.56 trillion and at the end of the present administration, it shall be more. In 50 Bc, Pubilius Syrus opined that debt is the slavery of the free. Syrus further asserted that a debtor is not only in perpetual bondage to his creditors until he returns his debts, but the debtor also breathes the air of insecurity characterized by harassment.

The activities of the present administration revolve around the above-mentioned, even as the administration continues to cope with the creditors' domination of its affairs. Several months to the 2023 general elections, the government is yet to achieve a more diversified economy away from the oil sector, public debts are on the increase, the worrisome deterioration of education and health services, the absence of potable water, and erratic supply of electricity, food insecurity is on the rise and worsening transportation system are all the major discussions among Nigerians. Of note, is the several billions of Naira, the Federal and State governments(Local Government an appendage) have plowed into infrastructural development with below minimal impact on real development. Without a doubt, the glaring and embarrassing absence of transparency in governance and the unguarded waste of public funds by officials who enjoy blanket immunity now threaten the gains of development beyond the majority of Nigeria's population in the coming years. Interestingly, Sun Tzu in his book, The Art of War, stated, ''Internal spies are enemy officials who we employ''. To this extent, some of those within the corridors of power who are employees at all levels of government have done more hidden damages that may never be discovered.