GLOBAL ECONOMIC CRISIS by Bishop Dr. J. Akin Atere

It is no longer news to say that the world is going through economic crisis. While the government of the developed nations roll out huge sums of money to bail out the ailing banks to enable the world comes out of the recession, there is a need for us in Nigeria to search our souls and overcome our sin of selfishness, greed and avarice. We should also pray that God should change the mind of our leaders to think seriously about how to diversify our economy before the oil on which we depend becomes useless in the world market especially now that the American government under President Obama has discovered an alternative to oil as a source of energy supply. While our leaders continue to selfishly distribute Nigeria money in the name of salaries and allowances to political office holders and through inflated contracts that are hardly executed, let us remind them of what the Bible says:

“Like a partridge that hatches eggs it did not lay is the man who gains riches by unjust means, when his life is half gone, they will desert him and in the end he will prove to  be a fool” (Jer. 17:11)

May our leaders repent before it is too late.

The Primate of All Nigeria, alerted us recently:

“Money is already and will continue to be in short supply in Nigeria. There will be more suffering and gnashing of teeth across the land. Now therefore is the time for us as a nation to wake up to the reality of the times. The leaders and the governed need a new mindset. This is not time for political gimmicks and rhetorics. We must begin to learn to depend less on oil. We must do whatever it takes to develop the viable non-oil sectors of the economy. But to succeed we must curb our expensive and senseless taste for foreign goods and services, shun greed and all forms of corrupt practices and begin to cut our coat according to available materials.”