Thread by @yinkanubi

@DrJoeAbah This is a good example of the Winston Churchill quote "Never let a good crisis go to waste".

The President/Govenor have the following options;

1. Cut cost (Personnel/Governance)
2. Sell assets to raise Funds
3. Print money in the short term
4. Do 1+2 or 1+2+3 or 2+3 or 1+3

@DrJoeAbah None of these decisions is easy. Take 1. For instance - Cut Cost.

This literally means
- Reduce salaries or
- Sack public sector workers.

So which one wld you sack or reduce salaries and how much would you save?

- Political office holders
- Police
- Military
- Civil Servants

@DrJoeAbah Take Option 2 - Sell Assets

Which one will you sell?
Would you sell all your stake or you sell some?

Option 3 - Print Money

Doing so, increases your debt level to finance an expenditure that cannot be repaid except through rising revenue. A very big risk of run away inflation.

@DrJoeAbah None of these decisions are easy. But then, leadership is made for a time like these. The right answer is probably a combo of some of what I have listed. But the worst thing you can do as leader is to waste the opportunity of this crisis to institute a systematic shift.

@DrJoeAbah By this way, there is an additional option. Call it Option 5 - Take loan to fund the govt for a short to medium term. These kind of loans usually come with conditions to restructure the economy. One of those conditions will definitely include cutting cost.