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Recession; Causes, Consequences and its remedy from Islamic perspective

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Recession; Causes, Consequences and its remedy from Islamic perspective

but it people denied the favor of Allah. So, Allah made it taste the extreme hunger (famine) and fear,

In Nigeria today, most of the populace live in abject poverty and survive mendicant. The most painful part is that we are naturally endowed, both in Human and mineral resource. Petroleum alone is what some country possess and they have developed and provided the essential needs of the people, but Nigeria, possess petroleum and many other mineral resources but still life is difficult for majority of Nigerians due to high unclearly of living consequential to bad leadership, mismanagement of resources and above all corruption that is prevailing.

According to English mini Dictionary, the recession is an everywhere temporary decline in economic activity. This is the exact situation are experiencing in Nigeria. The prices of a commodity are high, day in day out everything in Nigeria is very expensive, starting from a sachet of pure water, toothpaste, brush, locust bean even Garri to mention but few all in the name of the rise in dollar price. I am still curious about this because In wonder why a palm oil seller in Nigeria will sell his/her product three times of the normal price in the false assumption and mauling his customers for the rise in a dollar. All these are the agitation in present situation of Nigeria citizen why we are try to discuss the causes of this so-called recession it causes the consequences and suggested remedy for the identified problem.

Before diving into the causes of recession I will like to cite a verse from the holy Qur’an as a reference to the cause of this so called recession which goes thus:
وَضَرَبَ ٱللَّهُ مَثَلًۭا قَرْيَةًۭ كَانَتْ ءَامِنَةًۭ مُّطْمَئِنَّةًۭ يَأْتِيهَا رِزْقُهَا رَغَدًۭا مِّن كُلِّ مَكَانٍۢ فَكَفَرَتْ بِأَنْعُمِ ٱللَّهِ فَأَذَٰقَهَا ٱللَّهُ لِبَاسَ ٱلْجُوعِ وَٱلْخَوْفِ بِمَا كَانُوا۟ يَصْنَعُونَ
“And Allah puts forward the example of township that dwelt secure and well content: its provision coming to it in abundance from every place but it people denied the favor of Allah. So, Allah made it taste the extreme hunger (famine) and fear, because of that which they used to do”. (Q 16: Vs 112).

From this verse we can perceive the bounties of blessing Allah has bestowed on every nation particularly in Nigeria but due to our ingrate we are experiencing the havoc due to some of our bad deed which include Corruption, Bribery, high interest rate, adultery and fornication, lack of justice; all these are the causes of recession in the country.

Bribery and corruption: the most rampant attitude or habit of almost every Nigerian is the case of bribery and corruption it circulate through all sector, political sector and the most surprising one is that of religion sector, Education sector where by teachers imposes unnecessary charges from his student could be awarded mark and good grade either he is commitment or not, in a country like Nigeria, this is the cause of rundown of education standard and this will warrant the collapse in economy of the nation because those that are dedicated to do the necessary job are half baked bread that is useless.

Political sector are also corrupt otherwise, because they are not aiming to serve the country otherwise they are longing and urging to embezzle the country funds, allocation given is not utilized for the purposeful project and development infrastructure, rather they save the country funds in the cemetery and soak away this cause stagnation in the country economy that leads to recession.
The most grievous part of it is the corruption and bribery among the religious leader such as Imam, Pastors who should be the epitome of emulation for the city including the politician otherwise they encourage them so embark on bribery, corruption they assure them with their spiritual powers that would seek for them Allah’s forgiveness, forgotten that Allah is watching and powerful over them.

Adultery and fornication: which is highly detested by Almighty Allah and highly punishable act disowned to him is what everyone both the young and the old assume to be light issue which is very provoking to Allah. According to Allah’s saying in the Holy Qur’an: and come not near to the unlawful sexual intercourse, verily it’s a great sin and an evil way.
It is a way of evil which the devil has beautiful for the sinners that anybody that indulge in it will perish, it is individual that make a house, to a community, a town to a state and country as a whole in any country which is full of fornicator will be destroyed.

Lack of justice among the judges, the leader, the politician is one of the major sin which is creating misunderstanding among their follower for example in politics if a graduate is seeking for a job and he/she happen not belong to their political party he will be denied of the job because of racism this is really affecting the country all also lead to recession when a person who is entitled to a task is deprived of his profession things will not go well.

CONSEQUENCE OF THE RECESSION

The result or the effects that can emerge from any country experiencing recession is highly destructive and negative because it tends to destroy a lot of things.

Starvation and famine: if the economy of a country has decline there bound to be famine in such country where there would be food scarcity, we are experiencing such in Nigeria. A lot of things have happened that we hear or even witness, where someone in a community where his neighbor was mixing “Amala” immediately he went out to pick something in her room before returning back she couldn’t find her pot of “Amala”, this is critically showing how people are dying of hunger.

Insecurity: the evil doers who are deteriorated do kidnap and even assassinate people for their selves in fraud and all other unfriendly acts. According to the Qur’an 13 Vs 11:
لَهُۥ مُعَقِّبَٰتٌۭ مِّنۢ بَيْنِ يَدَيْهِ وَمِنْ خَلْفِهِۦ يَحْفَظُونَهُۥ مِنْ أَمْرِ ٱللَّهِ ۗ إِنَّ ٱللَّهَ لَا يُغَيِّرُ مَا بِقَوْمٍ حَتَّىٰ يُغَيِّرُوا۟ مَا بِأَنفُسِهِمْ ۗ وَإِذَآ أَرَادَ ٱللَّهُ بِقَوْمٍۢ سُوٓءًۭا فَلَا مَرَدَّ لَهُۥ ۚ وَمَا لَهُم مِّن دُونِهِۦ مِن وَالٍ
“Verily, Allah will not change the good condition of a people as long as they do not change their state of goodness themselves”.
This is indicating that before we can get rid of recession we should all change our attitude for good, we should desist from all forbidden act as gambling, sorcery, drinking alcohol, fornication and aldultery and other sinful act.

Moreover, we can prevent recession by abstaining from taking interesting because it irritate Allah, Allah says in the Qur’an Qur’an 2 Verse 275:
ٱلَّذِينَ يَأْكُلُونَ ٱلرِّبَوٰا۟ لَا يَقُومُونَ إِلَّا كَمَا يَقُومُ ٱلَّذِى يَتَخَبَّطُهُ ٱلشَّيْطَٰنُ مِنَ ٱلْمَسِّ ۚ ذَٰلِكَ بِأَنَّهُمْ قَالُوٓا۟ إِنَّمَا ٱلْبَيْعُ مِثْلُ ٱلرِّبَوٰا۟ ۗ وَأَحَلَّ ٱللَّهُ ٱلْبَيْعَ وَحَرَّمَ ٱلرِّبَوٰا۟ ۚ فَمَن جَآءَهُۥ مَوْعِظَةٌۭ مِّن رَّبِّهِۦ فَٱنتَهَىٰ فَلَهُۥ مَا سَلَفَ وَأَمْرُهُۥٓ إِلَى ٱللَّهِ ۖ وَمَنْ عَادَ فَأُو۟لَٰٓئِكَ أَصْحَٰبُ ٱلنَّارِ ۖ هُمْ فِيهَا خَٰلِدُونَ
“Those who eat Riba (Usury) will not stand (on the day of resurrection except like the standing of person beaten by Shaiton leading him to insanity, that is because Allah has permitted trading and forbidden (Usury), whereas Allah has permitted trading and forbidden Usury”.
From this we can see and deduce apparently how Allah emphases on the taking of Usury because it cause harm than good by this I think if we can utilize this Allah’s injunction we are going to be free from recession.

FAST GROWING ONLINE MAGAZINE OUTLET. REFORMING AND EDUCATING MUSLIM YOUTHS ABOUT THEIR RELIGION, CULTURE AND SOCIETY.

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