I have no doubt in my mind that youth unemployment, youth dissatisfaction and youth frustration were part of the causes of Arab Spring.
We must learn the right lessons and put in place, programmes that will address youth empowerment and youth employment.
I am made to understand that Saudi Arabia used $68 as benchmark for the 2015 budget. Our inadequate protection of almost all local industries with heavy cost of energy has dealt a hard blow on most indigenous industries.
We may have to borrow to pay salaries and allowances. Revenue allocation to states and local governments has already been drastically reduced. Capital projects at all levels may have to be drastically cut or stopped.
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