sabotage

CBN: Battling smuggling and economic sabotage

CBN: Battling smuggling and economic sabotage

ECONOMIC sabotage by citizens is a deliberate act to flout economic policies of a country which results to undermining, weakening or destroying the economy. It is one of the worst things to happen to a country because the economy is the lifeblood of a people. A booming economy is the delight of citizens while a sabotaged and depressed economy is a reproach. An undermined economy can hardly grow and develop optimally which can result in a vicious cycle of poverty, outbreak of social vices and insecurity which hinders investment and perpetuates the vicious cycle.