By Dr. Tonye Clinton Jaja
Dear Respected Taiwo Oyedele, Chairman, Presidential Committee on Fiscal Policy and Tax Reforms, Sir,
I have always loved teaching and lecturing. As a teenager, after I successfully passed the West African School Certificate Exams, I was paid to be teaching arts subjects as a private tutor in homes of wealthy parents within our congregation in Port Harcourt.
Thereafter, under the tutelage of Prof. Nasiru Tijani, former Deputy Director-General of the Nigerian Law School, Lagos campus, I began teaching tutorials for law school students in the year 2006.
My simple, straightforward philosophy of teaching is that: I should be able to explain complex legal concepts in a manner that is understandable by a six year old child.
I have just watched a video of your good self trying to explain the current economy under President Bola Ahmed Tinubu (PBAT).
On behalf of the majority of Nigerians who are not “seasoned” economists like yourself, we request for your good self to explain in simple and unambiguous terms some of these complex economic concepts.
My question is this of all these explanations and the recent statement by Dr. Ngozi Okonjo-Iweala that the Nigerian economy is stabilised and growing under PBAT, why are the majority of Nigerians still impoverished?
If the economy is stabilised and growing, why are we still obtaining loans?
Let me conclude by asking a very simple and straightforward question: “what is the difference between loans and debts?”
As you have tried to differentiate that PBAT is obtaining foreign loans and not incurring debts upon Nigeria.
Yours faithfully,
Dr. Tonye Clinton Jaja,
The views expressed by contributors are strictly personal and not of Law & Society Magazine.
If the economy is really growing, then borrowing endlessly only exposes weak fundamentals, not true progress.