₦airaland Forum

BY: JOSEPH EDGAR SEPTEMBER 27, 2015

The honeymoon is definitely over. The euphoria of victory has glided away and the stark reality that is the myriad of problems facing us as Nigerians stares us in the face. Left with a new seemingly inexperienced Government hobbled by intrigues, power play and forces entrenched in the pits of self interest, Nigerians are in for a major roller coaster ride which if care is not taken could be a one way ticket to golgotha.

The Buhari administration is waging too many battles on different fronts. The anti corruption battle is limping. What with the stories of selected persecution, the political face of some of these charges, the slow grind of the wheel of Justice, Nigerians are beginning to ask if this war in itself is really that necessary. They are yearning for economic direction, for a way forward while at best still prosecuting the war and not making it the full center of this administrations policy. To me, this corruption war is getting no where. No major victories have been won, no major monies refunded and the economy stunted as a result of the almost maniacal concentration on the anti corruption war. The battle has pitted APC against itself ala the Saraki matter which if not careful could lead to the decimation of its ranks. I am even hearing from the grapevine that Saraki and his group have left the APC and have formed another party platform. The following weeks would give us more clarity on these and other issues.

The economy is the worse for it in all this. Are we removing or keeping subsidy. This dilly dally is killing the sector. Banks are being owed, marketers are being owed and the subsidy payment I hear are not being paid. The Jonathan Administration was a little better in payments, report shows that payments have not been made by this administration in a long while. All these would lead to stagnation of the economy, inflation and job losses.

The issue of the TSA is another matter on to itself. It was in my opinion ill-advised and the late exemption of some parastatals may be medicine too late for some Banks. I hear Banks like Unity and First Bank are currently experiencing malaria fever. Economic indices are flagging, inflation is on the rise, unemployment galloping, made worse by the continuous drop in oil revenues occasioned by the low prices in the international spot market all these have led to a drop in our ratings by international rating agencies and our exemption from the Bond Index as a result of CBN’s kalokalo attempt at managing forex in the face of pressure. Last week even the CBN finally sent out a warning signal that we may be heading for a recession. These are indeed dark days and panic is not far away.

On the political front we witness no respite. No clarity as the confusion continuous unabated. The Selfish intent of the owners of the ruling party to me has delayed the announcement of the cabinet hence throwing a cloud of confusion on the direction of the Government. The infighting amongst stalwarts continue to send a signal of unseriousness to the nation. Everybody is fighting everybody, Oshiomole’s is fighting Sylvia, Saraki is fighting Tinubu and the party is divided into all kinds of demarcation that we just may begin to yearn for the PDP days at least there was cohesion in their thievery.

The excuses are pouring in, we can’t expect Buhari to clear the rubbish in less than 100days, Buhari’s body language has given us power, he is trying to reset the economy, the corruption war is a necessity amongst all other excuses. To me, as my father will say, the morning tells us what the day will be like. The seeming slow and almost confusing decision taking process, the lack of clarity in policy direction, the lack of solutions to jump start the economy especially in the much needed area of diversification all tells me that we may not find Uhuru with this government.

What does that now leave us as a country. The answer my friend, is blowing in the wind, the answer is blowing in the wind.

http://www.stockmarketnigeria.com/forums/off-topic/2443-state-nation-2693.html#post261854

The article above is strictly the opinion of the writer and does not represent the views of Nairametrics. The views of the writer are solely his.

.

Wailing wailers association propaganda as usual! !!

Wailers!!! If you want to talk about economy, you ought to know that an economic reform/policy isn't just like a chemical reaction which occurs quickly and can be easily reversed. Most of the policies GEJ and the failed Minister (Iweala) implemented are still in place and would take some time to run their course. Also, you human beings are so belligerent....... If Buhari doesn't tackle corruption, you will call him corrupt. Now he is and you are shouting again! I wag my head for you.
P.S. - Nobody should quote me o...... It's Sunday

After PDP crucified the Economy abi? This is a case of Present future rewinding

The title should have been ' APC raising Nigeria economy out of the dead' because the economy was dead before this govt. There could be no other Golgotha to lead the economy again but to raise the economy out of the dead. This whole economic melee started with the previous govt and that was one main reason Nigerians opted for change. A federal govt that was borrowing to pay salaries and with trillions of debt left behind in no time was a govt running a dead economy. If the past administration had continued till now Nigeria would have been or soon be seeking bailout because borrowers who know our mono economy status and the dwindling global crude oil prices won't be willing to grant us loans because of the nation's glaring insolvency.

I don quote you to tell you say


Na my mind you talk so


If GEJ didn't loot the country dry, enough change suppose dey treasury to use arrange levels


If i forget everything else, I will never forget the fact that PDP + GEJ claimed they spent 2 Trillion for campaign HALF of Nigeria's Budget

SirWere:
Wailers!!! If you want to talk about economy, you ought to know that an economic reform/policy isn't just like a chemical reaction which occurs quickly and can be easily reversed. Most of the policies GEJ and the failed Minister (Iweala) implemented are still in place and would take some time to run their course. Also, you human beings are so belligerent....... If Buhari doesn't tackle corruption, you will call him corrupt. Now he is and you are shouting again! I wag my head for you.
P.S. - Nobody should quote me o...... It's Sunday

Until then.


#SupportPMB

This wailing wailer tag is just lame and shows your inability to rise above sentiments and think where our economy is headed.

Blacks have been cursed by the inability to reason, even when the CBN SAYS OUR ECONOMY IS CONTRACTING AND WE RISK A RECESSION BY EARLY 2016 you will still be shouting Wailing Wailers.

It is just a testimony of how in shambles our educational system has become raising half baked graduates who spend their time chanting Wailing Wailers from their unemployed lives in their parents houses.

Una never see anything yet

When the ministerial list is out and ministers appointed, that is when the real war within will start cos there is no way. Buhari can favor the diverse interests in APC

We need an economic team in place ASAP