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The Redefinition Of Change By Buhari by emperorAY(m): 12:46pm On Nov 06, 2016 |
Name your dog Buhari and you will be diligently prosecuted
in today’s Nigeria but kill a harmless wife of an evangelist
preaching the Gospel of Jesus and you will be acquitted!
Welcome to the new improved Nigeria!
This may sound surreal but it is the present day reality we
live in in Nigeria.
The injustices in today’s Nigeria are just too glaring. For
instance, Reuben Abati ALLEGEDLY got ₦50 million from
Dasuki and goes to jail.
Rotimi Amaechi ADMITTEDLY spends $500k (₦235 million at
today’s rate) on a one day dinner for Soyinka and becomes a
minister! Yet we say we are fighting corruption.
In the midst of these social injustices we have a President
who continues to complain to anyone who cares to listen
that he met an empty treasury. Said the President “I felt like
absconding from the country due to the economic
challenges..
We inherited a badly managed economy”. The above
statement by President Muhammadu Buhari is most
dishonest and in terms of lying it is only bested by his
Independence Day lie when he said “Investors from all over
the world are falling over themselves to come and do
business in Nigeria.”
Nigeria’s economy is being badly managed now. It was not
badly managed under President Goodluck Jonathan. I will
now list several actions of the Buhari administration that
brought our economy to the state it now is in-a recession.
The first is the rushed implementation o the Treasury Single
Account instead of the gradual implementation planned by
the Jonathan administration which conceived of the concept
of the TSA. The second is failing to appoint ministers on time
and when he finally appointed ministers the President
appointed a woman whose highest degree is a Bachelors in
Economics from a second class British University (The
University of East London) to succeed a PhD from the
Massachusetts Institute of Technology and former Managing
Director of the World Bank as minister of finance.
Not done with putting round pegs into square holes,
President Muhammadu Buhari appointed a man who
studied French to replace a man who has a PhD in
agricultural economics from Purdue University and who had
worked at the highest levels of the Rockefeller Foundation as
minister for agriculture.
The third reason is the President’s interference with the
independence of the Central Bank of Nigeria and his public
comments of what he would do with the Naira. This led to
foreign exchange restrictions that saw 270 companies fold
up (according to the Nigerian Labour Congress), 7 foreign
airlines leaving Nigeria, 10 foreign shipping firms divesting
from our economy and over $3 billion capital flight from
Nigeria.
The fourth and most avoidable reason was the constant
negative comments that the President made whenever he
left the country on state visits. President Buhari de-marketed
Nigerians by calling us ‘criminals’ to the Telegraph of London
in February of this year. He went to India and declared that
Nigeria’s institutions were massively corrupt and then he
went to the US to say the same. Yet he expected foreign
investors to flock to Nigeria? I do not think so.
Before Mr. President puts the blame for our present
economic malaise on former President Jonathan, he should
remember that during the previous administration Nigeria
was projected by CNN Money to be the third fastest growing
economy in the world and by both the World Bank and the
International Monetary Fund as the largest economy in
Africa. Moreover, when he was speaking to the Conservative
Party, former British Prime Minister, David Cameron, said of
Nigeria under Jonathan as follows “Yes, we’ve been hearing
about China and India for years …but it’s hard to believe
what’s happening in Brazil, in Indonesia, in Nigeria too”!
And when the President complains that Jonathan did not
save he must assume that we all love reading cartoons like
him instead of the history books! President Buhari must
think that we have forgotten how the Jonathan
administration met about $6.5 billion in the Excess Crude
Account, ECA, and increased it to almost $9 billion by 2012
only for the Nigerian Governors Forum led by his Supreme
Court justice visiting minister for transport to use their
influence at the House of Representatives to get them to
declare the Excess Crude Account illegal in 2012.
Not done, Rotimi Amaechi and his cronies at the NGF
approached the Supreme Court to challenge the legality of
the Excess Crude Account and Jonathan’s decision to
transfer $1 billion from that account to the Sovereign Wealth
Fund. Still not satisfied, Amaechi and his co travelers caused
the then minority APC members of the House of
Representatives to approach a Federal High Court, on the
7th of February, 2014, for a perpetual injunction restraining
the Jonathan administration from operating the ECA and to
pay all the proceeds of that account into the Federation
Account for sharing amongst the three tiers of government.
The effect of that action was that the Jonathan
administration was forced to share the funds in those
accounts amongst the three tiers of government.
And what did the Senate, controlled by the President’s party
say when they rejected his proposal on the $29.9 billion
loan that your administration sought permission to take?
The Senate rejected the loan request because of the
“incompetence of presidential aides tasked with preparing
the proposal”.
Yet this is a President accusing the administration under
whom Nigeria enjoyed her most consistent and fastest GDP
growth of badly managing the economy.
Go look in the mirror sir! Mr. President, if this is the change
you promised us, then please permit me to redefine change.
CHANGE is defined as elders borrowing $29.9 billion to
spend on their wants while CHAIN is defined as youths who
would have to pay back (with interest) the $29.6 billion that
was not spent on them.
If your father goes to the bank to borrow money to buy
clothes for himself and puts your name as surety to repay
the loan, you will be a fool to be excited that you will one
day inherit second hand clothes. I have said it before-a
President who could not generate wealth for himself in his
private business cannot generate wealth for you through
government business.
A president who had to take bank loan to buy his
nomination form would definitely have to take another bank
loan to fulfill his campaign promises! |
Re: The Redefinition Of Change By Buhari by stainlink(m): 1:07pm On Nov 06, 2016 |
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