Debt Trap

     Chinweizu in “Decolonizing the African Mind” speaks of Nigeria’s willingness to unnecessarily enter into debt. This African author explains that the habit of spending beyond means is the reason for the inability of the country to get debt free. He goes on further to explain that with the sacrifice of the citizens and officials, the country could have gotten out of debt in two years. He accurately predicted that the government and the people would be unwilling to go without the new luxuries that they had only recently become accustomed to in order to eradicate what is owed. […]