President Musa Umaru Yar’Adua requested that the senate president David Mark and other senators should approve US$10 million grant to the Democratic Republic of Sao Tome and Principe in addressing their socio-economic problem.
Several crusaders have been embark on as to why the federal government should approve loan at this point of economy meltdown
Meanwhile in an exclusive interview with the Public Relation lecturer of the Nigerian Institute of Journalism, NIJ Ogba Mr Jide Johnson with Gbemile Oluwatosin
Mr Johnson noted that Nation have to help one another, International cooperation between two nations, business must enhance debt and loan facilitation. What you have must be given to others who do not have. Doing this will help one another socio-economic matters.
Johnson noted that economy meltdown as one of those crises that will always occur at every stages of life by analyzing the way a particular country will handle crises at every point in time. Either at the beginning of a decade, century or tail end of a decade and century sighting examples of the Reagan Recession of the 1980’s, in Nigeria we have recession during Shagari’s era, Babangide’s era Structural Adjustment Programme (SAP) economic meltdown is cyclical in the sense that business are fluctuating closely in a particular industry that is to say there period of growth, decline and re-introduction. Meltdown or no Meltdown, that does not warrant any country to fold his hand by not investing in any other sectors or rendering assistance to the neighbouring countries.
He noted the implication of Nigeria Government not lending the money is that
Mr Johnson concluded on the issue by noting that