Post by Henry Emeka (@Emekus)

But why borrow when previous loans show no results?
This is the painful part.

Because Nigeria has a long history of borrowing without accountability.
Some reasons:

Projects are abandoned after elections.

Money is diverted or mismanaged.

Loans are used for consumption instead of investment.

Corruption reduces the impact of every dollar borrowed.

This is why many Nigerians feel frustrated — the cycle keeps repeating.

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