Nigeria currently on “Pause” mode? [My thoughts at Nigeria Info FM 99.3]

Here are some of the issues I raised during my session at Nigeria Info 99.3 today – “You cannot pause a nation while claiming to be tackling one problem” – as a President you must be able to multitask or you have no business running a nation – you are tackling “Corruption” while throwing the nation’s economy into a standstill – suggesting that “you want to clean up the space before you start running the affairs of state.”

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The numbers look bad – really, really bad – and even those that supported and voted Buhari are lamenting as well albeit not in public – some of them have just lost their jobs in the banking sector – as they have in other industries – this is not 1983 – this is a new world – a dynamic world in which every nation and economy is interconnected – and the actions/inactions you apply here is noticed all around the world and used to relate with you as a nation.

Furthermore, Buhari is doing the nation a great disservice with this “Nigeria is the most corruption nation in the world” ideology that he is preaching all over the local and international media – the only thing you now read about everywhere about Nigeria is “Corruption” – when the leader of a nation goes to the international media telling them “my citizens have stashed away $150bn in your economies” those people begin to look at all of our citizens as common thieves – and they tell themselves “don’t even bother doing business there – you will be wrecked” – there are definitely more creative ways to go about some of these things – away from these incessant announcements and claims all over the place.

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The results are out – there is investors’ apathy towards this market – as our stock market has now lost N1.6trn in the last couple of months – even as it now apparent that practically all of the grandiose promises made Buhari’s party leading to the elections were never practicable – thereby further heating up the polity – as many of the citizens that had their hopes raised are now having such being dashed – no wonder “Nigeria’s Misery Index has now increased by 9.5% to 35%” within this same subject timeframe.

Let’s face it – even when the Ministers are announced – they cannot work smarter than the main the direction the President chooses to go – if this approach of “clamp downs” rather than “collaborations” continue, we would have effectively been returned to the early Umar Yar Adua days – who came in to reverse most of the policies of the outgoing Obasanjo administration – without verifying the effectiveness of such policies [that remains the very reason for the state of the Power sector today; and the reversal of the sale of the refineries can also be linked to the subsisting fuel subsidy madness] this seems to be where we are headed again – ‘cancel everything’ – ‘reverse everything’ – all in a bid to show that “you are now in control” not minding the resultant effects of those actions on the larger polity and the future of the nation.


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Nations are not built this way – you can pause your personal life or your personal business for a while – but you cannot do that with a nation – you cannot leave the economy to dwindle away while claiming ‘to be cleaning out the augean stables- what does that even mean?

I will hopefully continue on this series soon.

@favourafolabi

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