The current recession is basically down to lack of proper family finance skills, President of Living Home Foundation, Pastor Bisi Adewale, has declared.
Most families, he pointed out, are badly run financially putting the entire nation in economic meltdown.
Adewale neither the former administrator nor the current one should be blamed for the economic hardship. Rather, he said, Nigerians should look at how family finances are being run.
Adewale, who spoke last weekend during the fourth edition of the Lagos Singles and Marriage conference, described Nigerians as rain spenders.
Many families, according to him, “don’t save for when will be in needs.”
This, he said, attributes for why many families complain of seemingly hard times.
Adewale said: “Recession is personal and we can overcome if we check the way we spend money.
“Expensive schools for children and high- rent houses are uncalled for at this point in the nation as this is not the time to impress anybody and suppress your pockets.
“Ministers of the gospel, who go about in expensive cars, in this recession period show that there is something wrong.
“They should not sell our national assets. Let them sell their planes and all those government assets.
“Government officials should cut their spending and couples should plan their finances.
“If all these can be done, we will see that Nigeria is not in any recession.
“Recession is personal and can be overcome if families check the way they spend money.”