22/2/16 Christine Laggard announced her Reappointment as IMF boss and from what we have gathered there were no other potential candidates as no call had been made for qualified personnel and as such her Reappointment is more or less an expression of satisfaction with her performance by the Board of Directors of the financial Institution.

Her reappointment at a time when the Financial position of Nigeria following the drop in the price of oil to the barrel and the impact that the drop has had on our economic planning is both a warning and a sort of notice served on us that "we are being watched" at least financially.
The fall in the value of the Naira against the dollar occasioned by excessive dollar demand for all kinds of purposes has simply excercebated our poor situation. On the street, you can feel the loss in value by how much less you get for the same amount of naira.

In view of the above, it is of utmost importance that the Nigerian government should prepare to respond to the measures both overt and covert which the Institution (IMF) will take both in our interest or against our interest, now and in the future because Laggard clearly represents a Board to whom she owes Primary allegiance.

It's not unheard of for Nigerian government officials to parrot their counterparts from international organizations. We all remember how we were told the Recession of 2008 would not affect us, how it felt is still fresh (to imagine that in the midst of that recession #Dasukigate was taking place).

It would be unreasonable for ANY Nigerian govt official to take quotes from International Organization Managers as they will always speak in favor of the Board/ Body theyrepresenttheyrepresent.

The above is coming on the heels of Laggards claims that the IMF will continue to offer economic advice to nations that will help grow their economies. While this may sound good, it is as it hard to ignore the fact that over the years, many economies have failed under the watchful eyes and Advice of the IMF even as a sprinkling have been successes.

It may be easy to point to the actions or in actions of local politicians for when the going was good, but we must ALWAYS remember that when it comes to IMF and some other international organizations, it is business first and formost. Make a profit. At the world stage!

The current state of the Nigerian Economy requires that PMB should get his forces aligned and his facts sorted out. There will be pursue to devalue big within and without, proposal and counter proposal. Whatever he does, a decision must be made, for Nigeria's sake.

To be sure, Nigeria's current economic woes will tempt many to go with proposals from bodies like the IMF whose recommendation would almost certainly be "devaluation" but if Nigeria must move forward, the pains of Nigerians and their toil should be supported by brave leadership. We must contemplate devaluation carefully.

As we congratulate Ms Laggard on her Reappointment, e must be weary of the reasons for which the Board of Directors reappointed her as they may be a part of why we are where we are plus what role is she expected to play going forward, and how will that affect dear old Naija.