National Economic Recession

This is as copied from a friend on Facebook:
ECONOMIC RECESSION:
It has not been easy and nobody is pretending that it will be, but Nigerians have to understand that we must pass through this very difficult phase before things get better, and macroeconomics is no respecter of persons or regimes. It took President Obama the whole of his first term to reverse the tide of economic meltdown brought about by the fiscal recklessness of Bush administration to fund the Saddam-Iraq war; and the global recession, and it was only halfway through his second term that the outlook turned positive.
With the best policies, economists and largest fiscal footprint in the world, it took the United States almost six years to turn the tide from the economic meltdown that manifested at the end of the Bush administration. The economy does not respond to lamentations or criticism or political chicanery; and it took eight years of systemic maladministration under an atmosphere of unprecedented oil wealth to bring us to this sorry state. Why does anyone expect Buhari to wave a magic wand and suddenly shore up the value of naira, reflate our foreign reserves and crash food prices country wide? Have you counted the zeros behind the numbers coming out of the reports on stolen funds? Are you aware that our inherited foreign reserves are only slightly more than the amount in private domiciliary accounts? Do you know that illicit funds traced to a few individuals can fund several months of foreign exchange auctions? Are you aware of million dollars of NMA concealed and non-remitted to federal government TSA/CBN account by Hullmark Bank? Did you hear the recent news about the concealed and unremitted NNPC s’ over $2 billion to TSA/CBN account by nine commercial banks with Hullmark Bank inclusive? All this on a flimsy excuse that remittance of such money will lead to crash of the country banking sector!
I think we should thank our God and breathe a collective sigh of relief that a change at the helm of affairs has probably brought this country back from the brink of collapse, because a continuation of the former Jonathan government would not have exposed the mess we were in, we would just wake up one day and find that they have taken their private jets and handed over what is left of the country to Boko Haram insurgents, Biafra agitators, Niger Delta Avengers and Fulani herders.
It is not a question of policy, the fact is bleeding and wastage has to be stopped and a clear signal sent out that it cannot be business as usual; and I think what has been achieved in that regard in the last 12 months is nothing short of miracle. To be honest with ourselves, what was handed over to Buhari last year of the country was not far fetch from what Obama inherited in 2008 on assumption of the mantle of leadership in US.
Please REFLECT, RECONSIDER, REVERSE your negative attitudes today!
Regards!