Challenges and Opportunities for Nigeria's Financial System.

Just as I said earlier, the issue of inflation in the country has caused a lot of damage, and we will still cause more if the necessary precautions are not taken to ensure this is stopped. Since the enrollment of a new government in power, there has been a series of inflations going around in the financial system of the country in Nigeria, but as a matter of fact, the residing president has made it clear to everyone that this year will be a different one from the last. Well, I don't really talk much about the financial aspect, which has been giving me serious concern.

I traveled some days ago, and while I was traveling, I heard from some people who are seeing the latest update about finance and some other things in the country saying that the actual price has increased to $1,200. I never believed this when I edited because I know sometimes fake news can spread faster than real news, and I had to wait till I got to where I was going, and before I got there, I met some of my friends on the way who were asking me if I had heard about the new price difference in petroleum currently.

Then I felt the news was true, and immediately after I got home, I went online about it. I feel so sad because our own country, which owns petroleum, still suffers from petroleum itself, leaving about three refineries in the country not working, but instead the country decided to get petroleum from other countries, which they also pay for in sometimes I heard it was sold to a country and our country buys it back from there.

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Currently, the country is in a big mess; the economy is not as standard as it used to be, and instead of getting better, it is getting worse. Well, the current president promised that the two refineries would get back to work this year, and I really hope he is able to do that because setting back a country that has been destroyed by a lot of long leaders does not take a day job, but instead will take a lot of months if not years.

Bringing it back to the financial system of the country is actually possible if the government truly wants to do it. The past government came in with the respect of fighting corruption, but instead, corruption wasn't that good, and still, the financial sector was lacking, making them borrow a lot of money from other countries to finance the country.

I am not talking about politics here, and I do not like talking about politics, but what I'm actually driving out is bringing back the financial system, which has been destroyed for some years, and ensuring it lasts forever, and I feel this is possible. Many countries have faced this setback in their economies, and they were able to tackle it. Countries like Ghana, Brazil, Argentina and so on.

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Well, the whole country cannot be 100 percent perfect and complete, but instead it is better to some extent and not in the aspect where the country owes lots of debts to different countries. This is what I feel makes a country's economy crumble, and it really needs to be looked into without neglecting what might trigger it again. The rise in the price of things has really affected everyone and is still affecting even a day-old child. I hope and believe this can be amended and made better before this year ends.

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