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The Problems of Nigeria emanate from the Sins of the Leadership and Follower-ship-Rev.(Dr.) Oyekanmi

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  The sins  of the leadership and followership in Nigeria from the foundation of the myriad of problems  affecting the country. This assertion was made by Rev(Dr.) Olaolu Oyekanmi of the Amos World Outreach, the Christian Fellowship Evangelical Mission(CFEM), Moniya-Iseyin, Ijaiye-Orile, Ibadan, Nigeria. ''The major problem of the country revolves around the leadership and the followership. They have committed sins. If Nigerians can easily repent of their sins and change their behavior, activities and attitude, all will change for the better.'' ''The problems are not the change of leadership or change of political parties, but have more to do with the change of mind. If Nigerians don't change, things will not change for the better. Those-in Authority and Those-in-Charge are from different homes. There must be a change,'' Rev(Dr.) Oyekanmi stated. He also disclosed that a three day crusade tagged ''The Only Way to Save you and Nigeria''
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Preferable Choices

Foreign loans obtained for capital expenditure by Governments could be applied for domestic economic development. However, this must be in tandem with a well-drawn-out program of action. Foreign loans primarily serve the needs of the creditor economy and systematically neglect the domestic economy of the debtor country. It is instructive to note that Japan obtained loans between 195 to 1914, externally, and was at liberty to use the funds in accordance with the dominant ideas of national economic development. Interestingly, these foreign loans were a relatively minor and not a major source of capital for the Japanese economy as a whole.
During this period, Japan was able to direct between 12 percent and 17 percent of its national income into capital formation. rom the 1920s Japan began to receive some form of direct investments from abroad, while the government borrowing from abroad visibly ceased. The same sequence applies to a number of other countries that have attained a substantial degree of development. Indeed, foreign loans could be a suitable method of laying the foundation of a country's economic development in the form of public services and social overhead capital. In the same vein, it is almost possible to substitute foreign funds for domestic saving to the extent that the country's consumption is increased and little or no addition is made to the rate of accumulation. In Nigeria today, the absence of motorable roads, functional waterworks, and regular electricity supply across the states have all combined to hinder direct foreign investments. Political impediments coupled with induced security situations have given prominence to real estate, land grabbing, indiscriminate taxation, the importation of fairly used vehicles, and hard drugs as preferable choices for economic development.
Solomon Adewunmi is the Editor-in-Chief of New Federation (news2day.emyspot.com), People(2day.emyspot.com) and Federationewsday(one.emyspot.com) He attended Ajeromi Ifelodun High School, Olodi-Apapa, Lagos and the University of Lagos, Akoka, Lagos. He possesses - * BBC/EC CERTIFICATE IN NEWS JOURNALISM (FEB. 2001) * CERTIFICATE IN ARTS AND CULTURE CRITICISM (NANTAP MAY 2001) * CERTIFICATE IN PEACE JOURNALISM (JUSTICE, DEVELOPMENT AND PEACE COMMISSION) *CERTIFICATE IN CONFLICT ANALYSIS[UNITED STATES INSTITUTE OF PEACE ONLINE TRAINING PROGRAMME, OCT.2004] *CERTIFICATE IN INTERFAITH CONFLICT RESOLUTION( UNITED STATES INSTITUTE OF PEACE, JAN. 2009).

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