It is in the nation's interest to listen to the international financial institution
The World Bank recently painted a gory picture of Nigeria's economy with a warning for the authorities to do something quickly about the situation. Lamenting how the once leading exporting country has now degenerated to one of the largest food importers, spending $965 million to import wheat, $39.7 million on rice, $655 million on fish and $100.2 million on foreign sugar, a senior official of the bank says: "Nigeria is tragically living on borrowed time." It is a warning that should be heeded.
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