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GENERATING WEALTH IN TIMES OF RECESSION by Emmanuel Amanyi

This article contains excerpts from Possibilities Magazine; Vol. 2, No. 1. Click here to download magazine

A recession is a significant decline in activities across the economy, lasting longer than a few months. Its effect is visible in industrial production, employment, real income, wholesale and retail trade. The technical indicator of recession is two consecutive quarters of negative economic growth as measured by a country’s gross domestic product (GDP).

Our dear country Nigeria seems to have been going through this for some time now. It is an obvious problem, many groups and individuals are affected. But it is not an excuse for penury. In fact, it is an opportunity for some to grow. I know several companies and individuals that have grown bigger as a result of the current recession.

Genesis 1:14-18, 8:22. Changes in times and seasons is a constant in our world. There will always be years of plenty and years of lack. What you do with the plenty could determine your lot in the years of lack. The story of Joseph in Egypt (Genesis 41:1-52) stands out in the explanation of this principle. Joseph had great management skills. Under him, Egypt faired well, saved well and wasted less in the years of plenty. From their abundant savings, Egypt was not stranded in the years of lack. In fact, Egypt had great economy as they enjoyed much foreign exchange. Egypt was prepared for recession. The preparation saved them and generated much wealth for them in recession. Preparation is key in being on top of the situation (recession). At one level of success, begin to plan how you can survive without your current means.

Without the invention of alternative sources of light, we will be stranded at night when the sun ceases to give its light. Night has no effect in your compound if it is flooded with light. Valid ideas overrule the effect of recession. It was Joseph’s idea of savings that overruled recession in Egypt.  You can trust God for ideas that will put you in a vantage class this season.

Psalms 1:11-3 A tree located beside a river is not troubled by dry season. Some people are immune to recession. This is because of proximity and access to the Source of life and every good thing. JOIN US!

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