Please, let’s
be very honest with ourselves. Very honest.
You see that
crap some people keep mouthing that things HAVE to get worse before they get
better? I always restrain myself from throwing a rude retort to the
hallucigenic proponents of such a ridiculous mantra.
They only
mouth what is a face-save resignation to an anomie they arrogantly got us all
into, even when sensible ones amongst us were warning that this administration
has no economic policy, no economic direction and no predictable redemption in
sight.
The only
truthful thing I have believed in the past one year of this rut (not rot, I
know what I’m saying) is that indeed the administration itself has admitted
that things are WORSE under them. It’s that simple. The economy is WORSE. And
the statistics prove it.
have plunged to the lowest in 25
years! Isn’t that a record!
Add the same
official figures that the economy has been contracting in the past year and is
likely to officially be in recession by next quarter, then you don’t need
anyone to tell you where we are and where we are headed.
When we dip
into official recession, it will take us at least a decade to come out of it. 7
to 10 years. The economy they met which was the biggest economy in Africa and
the 21st largest economy in the world (correct me if I’m wrong ) which had been
growing at 6% steadily for the past decade, they destroyed in just one year!
And what is the official mantra? ‘ Things have to get worse before they get
better’
It’s a
disservice to Obama to even compare his approach to the American economic
turnaround to Buhari’s slow poke policies but it’s the best example I have to
give. Obama won the election in his first term and as soon as he was sworn in,
we never heard anything from him again about how Bush ruined the economy. He
went straight to work and kept pushing stimulus packages to shore up the American
economy. His mindset, apart from the legacy of his campaign promises, was that
the American Economy is too big to fail. It had to be stimulated.
It’s a
disservice to humanity to compare his traction in his first 100 days to ours
here in Nigeria but there’s no other option. After all, we were the biggest
economy in Africa as at May 29 2015 when Bubu was sworn in and the World Bank
has still projected the Nigerian economy to grow by 6% in 2016 despite the
change of government. That assumption was predicated on the hope that Bubu
would be savvy enough to put a strong economic direction in place.
It didn’t take
up to two months before the best economists in the world started scratching
their heads on Nigeria.
The Dude first
took six months to chill, command and control the bucks in the economy with
military fiat for a brimming economy like ours and quietly refused to listen
when voices were groaning that the economy was sinking under him! The fall outs
of that economic ignorance is what we are suffering today.
The Worst
slide to recession in twenty-five years!
I have always
said it that leaders of any nation are JUDGED by history and its people by the
collective prosperity of the nation and the people during the reign of such
rulers. No one remembers shit about your Guy Smiley face or Wooden Expressions
to governance if the people are worse off during your reign. No one. They will
always remember the economic pains and pangs a leader caused them. And in
present times, this is clearly the worst ever.
Some jocks
will come up here to say it was caused by past governments. Rubbish. Convenient
excuses. Shaka Momodu in his Thisday Column on Friday wrote that the present
government got into power through elevated propaganda and were shocked that
they won in spite of the lies they told during electioneering. And they know
nothing else but to govern with propaganda which no one believes anymore. Their
own propaganda has demystified them.
It’s very sad
o. It’s very sad.
Sad that this
had to happen and WORSE will happen again economically this year. Fuel prices
will rise before December again. It’s inevitable. But that’s not even the big
problem.
Oh….for those
who think some of us ventilate because we wish those in power ill, I’m sorry
for you. We speak out because patriotism demands that no one keeps silent when
the obvious slide to crisis is staring at us. The other thing they ask is that
I should be giving advice to the government on the way forward. Rubbish!
Didn’t this
government come in with the sniggering arrogance of knowing it all? They know
it all and haven’t eaten their humble pie in anyway. So let them ‘kontinu’.
If the middle
class are feeling the pinch in the last and deliberate decimation of their own
prosperity, you can imagine what the poor people are going through. The hunger
I see in the eyes of people in cursory glances when driving on the streets is a
sure sign of a pending apocalypse in this country. One day the
poor will have no one else to eat within themselves and they will come for the
rich
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