Showing posts with label gloomy. Show all posts
Showing posts with label gloomy. Show all posts

Friday, November 18, 2022

GLOOMY, SCARY AND UNPREDICTABLE FUTURE


This episode was half way when I was struck by sudden ill-health... now recovering at God's speed.

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.......

Over the last couple of days energy crisis in Europe has worsened due to the escalated war in Ukraine. 

As was expected, the economic impact multiplied globally giving rise to high cost of living and hunger in Africa and especially Nigeria, as a result of food shortages. 

Clips from the 2022 G20 meeting in Indonesia, paints a picture of imminent catostrophy across the world, unless stringent actions are taken urgently.

Leaders of the group prescribed: "recover together, recover stronger" as a global solution.

But how could that happen as situations worsen. Rather than recovering:

Nigeria's inflation rate has been on steady increase too, since 2020 according to the report of National Bureau of Statistics.

Nigeria has become world capital of poverty, a position prior held by India. Now, 133 million Nigerians are in the bracket of "Multi-dimensional Poor."

Mortgages and share prices are crumbling to level of its comparison with 2008 global economic melt-down.

Education sector is crumbling with no solution in sight. It is so scary that the Education Committee of  UN at the last UNGA77 raised alarm with a call to action.  

"A silent learning crisis is unfolding that has become devastating shock to human capital. ... We urge you the world leaders, to meet this head-on and act to improve learning outcomes for the world".

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