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Omohayek's Posts

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Politics › Re: Reno Omokri Lists Some Discrepancies In Peter Obi’s Credentials, Defends Tinubu by omohayek: 11:35am On Sep 03, 2023
nairalanda1:
Sowore did the same thing too, y'know?

Plus Obi was an executive at a leading bank before he went into politics. They won't have given him that job if he had no certificate from a university.


Both Obi and Tinubu have degrees from university. It's only paranoid conspitacits on both sides that don't believe they had them.

Kalm down
I don't think many of those on the Tinubu side actually care about what is obviously a trivial matter. The point they are trying to make is that the sustained effort by the Obi supporters to manufacture a "scandal" out of supposed inconsistencies in Tinubu's certificate could just as easily - and with equal plausibility - be applied to Peter Obi himself, so the Obi supporters either have to admit they are picking at nits in a wild goose chase, or openly embrace the fact that they are ruled by blind partisanship and don't care about the facts or logical consistency. It's obvious from all of their replies to this and similar threads that the latter option is the one they prefer.
Politics › Re: So Abia And South Easterners Take Sacking Of 7000 Workers Hookline And Sinkers? by omohayek: 8:31am On Sep 02, 2023
helinues:
If we no want make Dem dey shook mouth for our matter, abeg leave their matter for them to worry about
They will barge into Yoruba related matters no matter what we do or don't do. Their burning inferiority complex demands it.
Politics › Re: What Is The Difference Between Nnamdi Kanu And Wole Olanipekun? IGBO? by omohayek: 8:29am On Sep 02, 2023
WesternPanzer:
Yes I actually did interview them. Am telling you the truth man.

Yorubas are a lot in the UK doing terrible jobs.

Most of them are dying asking "God When"?

Menial jobs are killing them. Even Indians get better jobs and pay.
That's funny, you went to the UK for a whole 2 weeks, and yet somehow you were able to interview a statistically representative sample of Yoruba Masters degree holders working there in that span of time? You are a truly pathological liar. I have lived in the UK (and the USA) for years at a stretch, not just 2 weeks, and know far many more Yoruba people in both countries than you ever will, yet not once in all my experience in either country have I encountered a Yoruba person with an advanced degree working as anything other than a well-paid professional. Go find somewhere else to push your ridiculous tribalistic fabulations.
Foreign Affairs › Re: President Ali Bongo Explains Why There Are No Term Limits In Gabon's Presidency by omohayek: 1:42pm On Sep 01, 2023
Excallibur:
Any country without term limit is not a democracy
Australia, Canada, Denmark, Germany and the United Kingdom are all countries without term limits. If they aren't democracies in your eyes, which countries can be?
Politics › Re: President Tinubu Reacts To Gabon Coup by omohayek: 1:29pm On Sep 01, 2023
Simeonjoe1:
Forget this trabalistic talk. Coup favors no one! not even your tribe. The economic depression that'll follow enh, you'll wish for the worst of buhari and tinubu combine
I'm not under the delusion that coups favor anyone other than the coup-plotters and their immediate hangers-on. That's why I consider those cheering on all the recent coups in Africa to be raving îdiots, particularly the sort of tribalist I was responding to. No sensible person of Igbo extraction should be celebrating or wishing for a coup, given how devastating the consequences of Nigeria's first coup turned out to be.
Politics › Re: President Tinubu Reacts To Gabon Coup by omohayek: 3:38pm On Aug 30, 2023
mrvitalis:
You can not rig yourself to power, then on top of that loot the country dry and still want to hold Power by all means and don't expect coup... Are you for real

The only reason coup can't work in Nigeria is tribalism ans that's why APC invest heavily on ethnic division
Glad to see that you're now openly hoping for a coup, making you guilty of sedition. In any case, you clearly haven't learned anything from the events of 1966-1970 if you think you and your fellowed embittered tribalists will be the primary beneficiaries of any coup. If your people failed in their attempt to illegally seize power in January 1966, when the officer corps was jam-packed with Igbos, is it now, under a heavily northernised leadership and rank-and-file, that you expect to succeed? Or do you imagine that is the very same northerners you have spent the last decade insulting and cursing, and who your tribal champion Obi alienated through his overtly religious campaigning, who will now favor you over the Yorubas? Keep living in delusion.
Politics › Re: Tinubu's Loud Silence On Gabon Military Coup by omohayek: 3:33pm On Aug 30, 2023
igwebuike01:
We share the sea with Gabon. It's a stone throw from Niger through the ocean
We share the sea with North Korea. Should Tinubu start commenting on that country's dictatorship too? I won't even waste time on that "stone throw from Niger [sic]" nonsense ...
Politics › Re: US Prof Petitions US Higher Learning Comm on Certificate Racketeering by CSU by omohayek: 12:17pm On Aug 30, 2023
Seefinish:
Agbadonians, I think this Jeffery Guterman is an IPOB? Tinubu has messed with a wrong generation
No, Guterman is only a money-hungry nonentity who has been caught in the act of begging for funds from gullible Zombidiots who worship any white person who says what they want to hear, no matter how obscure and irrelevant the white-skinned clown may be. It's funny how it's only ever delusional IPOB trolls turned fair-weather-patriots who ever look to this nobody for quotes.
Travel › Re: UK Skilled Worker Visa : Story Of Nigerians Living As Destitutes - Sky News by omohayek: 3:19pm On Aug 23, 2023
There are two problems with this issue here (apart from the non-existent proof-reading), namely

1. Being a "carer" is the very opposite of being a "skilled worker" - it doesn't take any "skills" to change bedpans and wipe the chins of old people in retirement homes - which is why carers are notoriously poorly paid in the UK.

2. Precisely because carers are terribly paid, there are tens of thousands of carer positions going vacant, so the only reason why someone who went to the UK to find carer work isn't doing the job is because she doesn't want to. Evidently, going to the food banks to seek handouts is a better use of her time than disposing of the faeces of bedridden white people (and really, who can blame her for making that conclusion?)

The takeaway lesson here is a simple one: don't apply for a "skilled worker" visa in a country like the UK unless you are actually a skilled worker! And by "skilled" I mean in things that require university degrees and substantial white collar experience (e.g. medicine, engineering, etc.) - things that would make you universally recognised as "skilled" even in Nigeria.
Travel › Re: UK Skilled Worker Visa : Story Of Nigerians Living As Destitutes - Sky News by omohayek: 3:11pm On Aug 23, 2023
slawomir:
Damnnn niggar

No pity from me...same people that always step into the polling unit with sentiment and tribalism wants to run to a saner clime to enjoy


Anyway The truth be say if you dey get am clear here just stay Nigeria

The only reason I might decide to travel is because of Internet Protocol of those western countries that enable someone to keyboard effectively
Because wether you like am or not vpn nor dey really fit do much here in Nigeria
You are a demented tribalist. Does "Blessing" sound like the sort of pseudonym a Yoruba person would even choose? Isn't it your own clannish, blindly Obi-supporting people who go in for such names in the first place?
Politics › Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by omohayek: 3:06pm On Aug 23, 2023
OlujobaSamuel:
This is pure lies, Emefiele is not an economist. He is a banker(training and profession)
Emefiele is Igbo (or at least regarded as such by the likes of this clown), and that is the only "qualification" that really matters in their eyes.
Politics › Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by omohayek: 2:57pm On Aug 23, 2023
StreetFight:
Please can you post your MSc and PhD degrees in Economics? If you don't have, kindly shut the fucck up before we forcefully shut it for you
Thank you for saying what needs to be said. The clown is fond of uttering meaningless gibberish with an air of authority, even though he wouldn't pass an SSCE exam in the subject with the textbook right next to him. Any attempts at correction whiz right over his head, while all the "likes" he gets from his fellow tribalists and their sock-puppets feeds his ego, encouraging him in the belief that he's anything more than yet another beer-parlor "expert" emphatically spouting half-baked opinions. He even admits that he doesn't have an economics degree, yet feels himself qualified to pass judgements on the qualifications of those who do.

The absurdity of it all is heightened by the fact that the tribalistic buffoon thinks the distinction between "micro" and "macro" economics means that there must also be "micro economists" who know nothing about the macro picture, even though it's impossible to get even a Bachelor's degree in economics without at least some acquaintance with both ...
Foreign Affairs › Re: Turkiye President, Erdogan, Opposes military intervention in Niger by omohayek: 11:11pm On Aug 21, 2023
grandstar:
Frankly speaking, I feel tough sanctions should do. The country should not enter Niger though there's a good chance that Nigeria and its supporting nations would win. One can not confidently predict the outcome.

That's how America crushed the Taliban in 2001 only to be engaged in a ferocious guerrilla war with them for over a decade.

Iraq is another good example.

A peaceful solution must be found.
What peaceful solution was found in Erdogan's own country when his military tried to overthrow him? What peaceful solution has been found in places like North Korea, Myanmar, Eritrea and Sudan? What peaceful solution could have gotten Hitler out of power?

War may or may not be the right answer in this case, but the insistence that the only solution is always through peaceful dialog is a senseless one if the other party has no interest in talking. In that case it's as senseless as saying policemen should always end robberies through "peaceful dialog" with the robbers. Sometimes force really is the only answer, wishful thinking to the contrary.
Foreign Affairs › Re: Turkiye President, Erdogan, Opposes military intervention in Niger by omohayek: 11:06pm On Aug 21, 2023
emekajacobogbon:
My love also say no to bad and corrupt leadership in Africa
Because rule by coup plotters has produced such good and honest leadership in Africa, right? Leaders like Mobutu, Amin, Bokassa, Doe, Eyadema, Museveni, Babangida, Abacha ... You coup supporters are lawless cretins of the lowest sort.
Politics › Re: Italian PM Giorgia Meloni Claimed Nigerians Practice Cannibalism by omohayek: 11:11am On Aug 21, 2023
fx45:
I've not seen this type of wailing before... Is it not better to start the campaign against cannibalism in Yorubaland than coming here to wail endlessly about your Igbo superiors?

Yoruba Muslims are a stain on the African continent
As I said, you exemplify the worst of what humanity has to offer - I accuse you of bigotry, and your response is to spew yet more of the very bigotry I accused you of. Talk about chutzpah and stupidity in a lethal combination.
Politics › Re: Italian PM Giorgia Meloni Claimed Nigerians Practice Cannibalism by omohayek: 10:31am On Aug 21, 2023
Osariemen12:
I knew it was the Yorubas she was referring to before opening the thread. You can't be eating human flesh in the name of Isese without being called a cannibal.

Southwest should stop shaming Nigerians home and abroad.
Were Clifford Orji and Otokoto also Yorubas? Is Isiala part of Yorubaland? Who was George Basden writing about when he described cannibalism in his book about his Nigerian travels?

https://library.si.edu/digital-library/book/amongibosofniger00basd

And where exactly in Yorubaland is the following disgusting story supposed to have come from?

https://www.nairaland.com/6897716/cannibalism-igboland-ipob-esn

You guys really could serve as examples of "chutzpah" in the OED, given how brazen you are in accusing others of the very failings you best exemplify yourselves. If any of you had an iota of sense, and weren't so eaten up by tribalism that you leap to embrace any old rubbish that confirms your prejudices, you might have learned that Georgia Meloni is an out-and-out fascist, a member of a party descended directly from Mussolini's blackshirts.

https://foreignpolicy.com/2023/02/06/why-giorgia-meloni-wont-distance-herself-from-italys-fascist-past/

https://www.abc.net.au/news/2023-02-24/is-italian-prime-minister-giorgia-meloni-a-fascist/101999292
There's a TV clip of the 19-year-old Giorgia Meloni, out electioneering in 1996, where she makes a comment about Benito Mussolini.

Most Italians consider Mussolini – the fascist, dictator and World War II ally of Adolf Hitler – a stain on their country's past.

But, in this clip, Meloni is not one of them.

"I think Mussolini was a good politician. Everything he did, he did for Italy," she told the interviewer.

"And we haven't had any politicians like that in the past 50 years."
This is the sort of person you dimwitted bigots are embracing as an oracle of truth, just as you've embraced the gross illegality of Niger's coupists while hypocritically chanting "all eyes on the judiciary", you've embraced Putin's unprovoked aggression against Ukraine, and you embraced Donald Trump's gigantic lies about a "rigged" election. There seems to be no bad actors in this world too nasty for you lot to clasp to your bosoms, which says all there is to know about your own hatred, bigotry, power-hunger and utter lack of moral fiber.
Politics › Re: Security Man Slaps UNIBEN Female Student For Wearing Short Skirt (video) by omohayek: 7:48pm On Aug 20, 2023
flokii:
Why is she dressed in that manner to start with.. a time will come when guys especially will start dealing with these wayward girls who have refused to use their common sense.

If she doesn't dress indecently.. will she die?
Whether she dresses "indecently" or not, she is an adult who has every right to choose her own attire. Even if she were stark naked, that still wouldn't give some jumped up gateman with an inflated ego the right to slap her - that is a clearcut case of physical assault, which happens to be clearly against the law ( unlike dressing "indecently" ). To make matters worse, the man isn't even an officer of the state, so he has no right to enforce any laws to begin with.

Nigerians are too docile in the face of delusional people putting on airs of authority. This arrogant brute needs to be arrested and made an example of.
Crime › Re: NDLEA Raids Drug Warehouse In Lagos, Recovers ₦‎4.8 Billion Worth Of Opioids by omohayek: 7:30pm On Aug 20, 2023
KanwuliaExtra:
TIEFNUBU'S DRUG EMPIRE! grin

Awon 'AKANDE ATI AGBELE' 4th generation. cheesy
If what you say is true, why is it that nearly every single big time drug trafficker or meth-lab operator ever caught happens to be Igbo? Is Tinubu an Igbo man in disguise, that he should so heavily favor Igbos over his own brethren?

You people are utterly lacking in shame, having the nerve to smear Tinubu with a crime your own kinsmen are now notorious for the world over.
Politics › Re: The Deceptive Tactics Of IPOB By Emeka Jerome by omohayek:
longayink:
Referendum is the way America, Britain, Greece, Italy, Sudan, Ethiopia etc used to resolve national issues.

Why are you afraid of referendum in Nigeria of today, after the last referendum in Nigeria over southeast Cameroon?
There is only one way to get a referendum, and that is through the NASS, by getting your representatives to propose it in a bill, and then getting a majority of NASS representatives to pass that bill. Why is it that you noisemakers have been unwilling or unable to convince a single one of the people you freely chose to represent you to do such a thing? Screaming abuse at ordinary Nigerians from outside your enclave won't do a thing to get you the referendum you (supposedly) crave, nor could even Tinubu do so even if he wanted, as there is this small thing called "separation of powers", something none of you IPOB sub-literates seem capable of grasping.

If there were more to your referendum demands than mere cheap blackmail, we would have seen some movement to push your political leaders by now, but you prefer to hurl abuse at everyone else while pretending we actually care enough about you to want to stop you. I imagine many of your neighbors would help you pack your bags to go if you showed any evidence you were serious about leaving!

Parasite feeding through blackmail.
This is an excellent description of yourselves above all others, seeing as you generate virtually nothing internally to finance all the government spending going on in your 5 states. Without the rest of Nigeria as a safety valve to migrate to, many of you would starve to death within the narrow confines of your overpopulated enclave with its exhausted soils, yet you have the nerve to call others "parasites". What impudence!
Culture › Re: Pictures From Igbo-Ora Twins Festival 2022 by omohayek: 2:13pm On Aug 18, 2023
accordadoga24:
God bless Mary Slessor.

If not for her, these people would not be existing today. grin
Mary Slessor did good work, but as the OP's article points out, the problem Slessor fought against never existed in Yorubaland. Yorubas have always seen twins as a blessing, and Slessor's work was confined to the south-eastern part of Nigeria.
Politics › Re: US Court: Tinubu Has 7 Days To Tell Us Why We Shouldn't Release His Real Result by omohayek: 7:54pm On Aug 16, 2023
ganisucks:
https://gazettengr.com/u-s-court-sets-august-23-deadline-for-tinubu-to-justify-why-chicago-university-records-should-not-be-released-to-atiku-abubakar/
What a lot of steaming hot rubbish! To begin with, Tinubu doesn't need to file any special motions for US privacy laws to cover his records. No reputable US university would ever do such a thing even for the most ordinary private citizen, let alone someone of his extremely high profile - they'd be asking to be sued into oblivion.

The next thing to keep in mind is that Nigeria and the USA are independent sovereign nations, and their courts have no judicial rights over each other, nor can citizens of one country file a lawsuit in the other country over matters which have nothing to do with the country's native laws. There is no law in America against anyone of any educational status running for office, and neither Tinubu nor Atiku are American citizens, so on what grounds would an American court take this case?

Finally there's the small matter of Tinubu's political office to consider: as the current President of Nigeria, he is automatically covered by diplomatic immunity laws, the same laws that prevent the arrest of foreign diplomats even when they've committed crimes like speeding, fraud or even manslaughter (see the UK's failed attempts to extradite Anna Sacoolas).

https://www.bbc.co.uk/news/uk-49984737

The long and short of it: this "story" is utterly made up nonsense designed to get clicks and viral attention from the hordes of ignorant and highly gullible Tinubu-haters online, the same credulous rabble who bought the "Jubril from Sudan" and "Yekini Amoda Ogunlere" claptrap that was doing the rounds before the elections. The shameless hacks behind "People's Gazette" clearly understand the audience of bottom-feeding mouth-breathers who constitute their audience!
Business › Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by omohayek: 9:20am On Aug 16, 2023
smartkester:
but Nigeria was importing heavily during the days of Sani Abacha and exchange rate was #22 to $1 back then. Importation is a problem but is that the major problem?
It isn't, and if it had been, a one-time devaluation of the Naira would have ended the problem once and for all. The real problem is that Nigerian governments spend more than they earn, which they try to reconcile by a mix of borrowing abroad and simply printing more money. It's the printing of ever more money that causes the problems, as it gives rise to inflation, of which the slide in the Naira's value against the US Dollar is just another manifestation. Nigerians aren't surprised when tomatoes cost 20% more than they did this time last year, yet act shocked when USD also costs 20% more, as if Dollars weren't simply another good to be purchased.
Politics › Re: Coup: U.S Mounts Pressure On Tinubu As ECOWAS Fumes Over Mixed Signal by omohayek: 9:12am On Aug 16, 2023
LagosFirstSon:
https://guardian.ng/news/niger-u-s-mounts-pressure-on-tinubu-as-ecowas-fumes-over-mixed-signals/
The Guardian's headline writer is as illiterate as the OP who posted this without bothering to read and comprehend the actual article. Where is the "pressure" the US is supposedly exerting on Tinubu? The following certainly doesn't provide any evidence of "pressure", if anything it indicates the contrary.
Yesterday, for the second time since the coup, United States Secretary of States, Antony Blinken, again commended President Bola Tinubu’s leadership of ECOWAS and reiterated U.S. support to back the bloc’s efforts to restore constitutional order in Niger.

In a statement last night, Blinken said: “I spoke today with Nigerian President Bola Tinubu. I commended President Tinubu’s leadership of ECOWAS second Extraordinary Summit on the situation in the Republic of Niger. I noted the importance of maintaining pressure on the National Council for the Safeguard of the Homeland (CNSP) to restore constitutional order and to see President Bazoum and his family released.”
How is Blinken phoning Tinubu to commend him evidence of "pressure"? The OP and all the other îdiots jubilating about this clearly have a poor command of the English language, as "pressure" is something you put on people to do things against their will, and Tinubu clearly needed no external pressure to oppose an act of military thuggery that sends the wrong signal to over-ambitious soldiers all over Africa, including Nigeria itself. The only "pressure" mentioned here is the one Tinubu and ECOWAS are applying on the Niger coup-plotters, and that pressure is clearly working, given the complaints being made by the insurrectionist soldiers themselves.
Politics › Re: Fuel Marketers Kick As FG Rules Out Price Hike by omohayek: 9:04am On Aug 16, 2023
Godfullsam:
We are bound to face this challenges once fuel subsidy is removed and the Naira floated.

There is no magic anyone can do aside reviving our local refineries and giving us a stable power supply which previous governments have failed to do.

Even Obi or Atiku vowed to end the scandalous subsidy regime as soon as they take over power.

Are you trying to tell us Nigerians will still be buying fuel at 195 naira if the subsidy was removed by Obi?

We will still face the same problems if the subsidy was removed by any of them as long as we don't have functioning refineries.
Even if the refineries were fully functioning, there is no guarantee they would be operating at such high efficiency that they could undercut the price of imports from large foreign refiners. They would still have to sell their output at a high enough price to recoup their costs, most of which are in the form of imported capital expenditures. The net result is that refined petroleum would be no cheaper in price than it already is.

Those insisting there is some magic formula by which Tinubu could have kept the subsidies in place are either utterly deluded, slow-witted or criminally dishonest. The government was already borrowing to pay for the subsidies under Buhari, and that was when global interest rates were at their lowest in decades, yet even with such a favorable environment, debt servicing was already eating up nearly 80% of government revenues.

Interest rates have since skyrocketed across the globe, and Nigeria is now so indebted that any lenders would now demand a significant risk premium, so where exactly is the money for continued subsidies supposed to come from? The same people up in arms about the ending of subsidies are the ones opposed to any efforts to raise domestic tax revenues! How exactly do all the malcontents expect this arithmetic to work?
Politics › Re: Why Can't A Yoruba Muslim Become Sultan? by omohayek: 9:36pm On Aug 15, 2023
TimiofEde:
Sharap, I'm a proud son of Edeland, stop saying what you don't know my second class yoruba moslem brother
Even as cretinous Igbo trolls go, you are particularly low wattage, so dim you might as well be a broken lightbulb. I'd say you should get a job rather than waste your life in idle pursuits like this, but it's obvious you're of too low intelligence for anyone to hire you even for the most menial tasks.
Christianity Etc › Re: I Don't Totally Overrule The Universe Coming From Nothing. It's Possible by omohayek: 9:32pm On Aug 13, 2023
Workch:
Yes, in a sense. Quantum theory predicts that a "virtual particle" pair can appear spontaneously from a vacuum state, without any input of energy or matter. But it's important to understand that these virtual particles are not "real" in the traditional sense. They don't have mass or momentum, and they only exist for a very brief time. It's not like something is literally popping into existence out of nothing - it's a more complex and subtle process that's described by the mathematics of quantum physics.
Actually, I don't think it's quite right to say they aren't "real" - they are one possible explanation advanced for the "Casimir Effect".

https://en.wikipedia.org/wiki/Casimir_effect

Those looking for a slightly more rigorous introduction to the topic might find these slides interesting.

https://faculty.washington.edu/seattle/physics541/%202010-reading/virtual-5.pdf
Politics › Re: Why Can't A Yoruba Muslim Become Sultan? by omohayek: 9:59am On Aug 13, 2023
duro4chang:
You registered today and everything you are concerned about is Yoruba / Fulani , Yoruba/ibo. You are not Yoruba but a mischievous person
I would have thought that would have been obvious when the troll referred to "the great Igbos", as if any Yoruba person would ever say such a thing unprompted. The jobless buffoon wasn't even clever enough to choose a more plausible name than "Timi" to start masquerading as a "Yoruba Muslim", a particular combination of terms only hate-filled Igbo trolls ever use.
Nairaland General › Re: Nigeria: Military Reject 'highly Unpatriotic' Calls To Sabotage Democracy by omohayek: 9:28pm On Aug 12, 2023
Tntsi:
But democracy in Nigeria is sabotaged already.
The constitution which holds democracy in our nation was thrown in the mud in a political coup to select an unconstitutional being.
So your answer to a (completely unproven) violation of the constitution is a military regime which will completely disregard any constitutional or legal restrictions whatsoever, and we're supposed to take you seriously? Your answer to a few million Obidients not getting their way is the disenfranchisement of the entire Nigerian populace?

GTFO with your nonsense, and admit that you're like the woman in the proverb about Solomon and the baby: you would rather Nigeria fall into utter ruin if your preferred candidate can't be (unconstitutionally) foisted upon the rest of us by hook or by crook, despite his having been clearly rejected by the majority of the voters at the polls. Fundamentally, you lot have never believed in democracy - that's why it never occurred to you to appeal to all Nigerians by attempting to persuade rather than through threats and Islamophobic paranoia, yet you have the nerve to claim "rigging" when your crusading champion was rejected by every single majority Muslim state.
Business › Re: We Will Name & Shame Commercial Banks Engaged In Illegal Sales Of Dollars – CBN by omohayek: 7:51pm On Aug 12, 2023
grandstar:
I have always been fascinated with Hong Kong.

I felt you might enjoy the article below

https://www.scotsman.com/arts-and-culture/books/the-scot-who-helped-hong-kong-back-from-the-brink-1402533
Thanks for sharing the article. It's a shame Nigerian politicians (and elites in general) have never shown any enthusiasm for case studies of how to do development right, as the East Asian "Tigers" - and Hong Kong in particular - have long stood as counter-examples to the statist, protectionist, import-substitution based model that has proved a total failure wherever it has been tried (including China and India).

Hong Kong is particularly noteworthy of attention, as it puts attention to the lie that economic growth is particularly a matter of cultivating "strategic" heavy industries through subsidies, heavy import tariffs, outright bans and all the other distortionary policies Nigerians of all strata have all taken for granted as "obviously" necessary for progress. In addition, the example of Hong Kong illustrates something that should be obvious but which most Nigerians seem unwilling or outright incapable of understanding: the less the regulation, the lower the taxation, and the smaller the role of the state in general, the less room there is for corruption to flourish. One cannot have a state which puts huge discretionary powers in the hands of politicians and bureaucrats without these powerful leaders being tempted to abuse the powers they have been granted for selfish purposes, which is all "corruption" is.

For example, even if all the worst allegations about Tinubu's supposed corruption were true, merely by abolishing the petrol subsidy and getting rid of the old multiple-exchange rate regime, he will at a stroke have done more to reduce corruption in Nigeria than any leader has done since Buhari first came to power in 1983. A "crooked" Tinubu who then goes on to privatise and deregulate the numerous white elephants and parastatals will have managed to clean up public life in Nigeria to a degree no impotent "saint" with a "stolen mandate" could ever have managed, given the reality of an APC-controlled House and Senate.

If Tinubu's critics were serious about caring about "corruption", this is what they'd be pushing for, but as we can all see with their cheering on of the recent coup in Niger, all this "opposition" really amounts to is tribalistic animus rather than anything rooted in principle, a primitive "it's our turn to steal" mindset that would rather Nigeria descend back into the darkness of the Abacha years if they can't have their way. In such an atmosphere of primitive tribalism, a Nigeria that learns from Hong Kong seems about as far-fetched as Star Wars turning out to be a documentary, sadly ...
Business › Re: We Will Name & Shame Commercial Banks Engaged In Illegal Sales Of Dollars – CBN by omohayek: 9:47pm On Aug 10, 2023
What is this claptrap about "Illegal remittances"? This is utter nonsense from an economic point of view, and solid evidence that this guy has no business staying in place a day longer than necessary. Remittances actually strengthen the Naira regardless of how they are conducted, as they represent demand for the currency. Nowadays, Nigeria actually gets more of its USD from remittances than it does from oil, and without them the . The only thing "illegal" about them is that Emefiele's greedy CBN tried to force Nigerians abroad to yield to an "official" exchange rate that effectively gave them half of what their money was really worth, and sadly this incompetent clown seems set on continuing this pig-headed policy meant to create a steady source of funds to siphon through arbitrage schemes like "round tripping". Any source of foreign exchange strengthens the domestic currency, no matter the route it flows through, just as any source of demand for tangible goods strengthens the bargaining position of those selling them.

As urgent as the Niger coup matter may be, Tinubu needs to act quickly to find a new permanent CBN governor who actually understands economics and is willing to sweep the CBN clean of all ignorant holdovers from the Emefiele era such this one. Until someone serious and confidence-inspiring is put in charge and given a free hand to clean shop, the Naira will continue to drop in value like a stone, as the status quo gives little confidence to markets that the root cause of Nigeria's ever-weakening currency - namely inflationary monetary policies - will be nipped in the bud. Enough of incompetents trying to shift blame to "AbokiFX" or "greedy [sic] bankers" for their own self-inflicted failures.

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