THE REALITY OF A FAILED ECONOMY ALL OVER NIGERIA
I am afraid for Nigeria. Lack of economic leadership With the failure of our apex bank(CBN) to know what they are doing talkless of helping the nations economy, poor budgetary planning, free flow slide of our currency, reckless economic policies plus crazy administrative bureaucracy in the public sector.
Total lack of economic discipline in the micro and macro policies has led to National/ State unending borrowing. State govt are completely broke and lack of any meaningful response from our so called revered economists is a shame to us as a nation.
We deliberately run analog economy that is focussed on channeling funds into the pockets of few. We run an economy that is shrouded in false analysis and statistics just to deceive the poor citizens. This is fraud.
We run an economy that has no genuine theory or policy consistent enough to develop the country. We run an economy that is based on a common bank theory of mopping funds and creating tension in the money market. We run an economy that has no identity. Our banks are run like they know it all thereby cheating on depositors through indirect taxes on their deposits because the stake holders care less about putting boundaries.
We run an economy where price mechanism and management is completely out of place. We run an economy that have nothing to do with expense and procurement mechanism. We run an economy that is too dependent on one income course and narrowed down to inflow from the sector (oil) with revenue stashed in private accounts without any form of accountability.
We run an economy that looks away from the discipline of standardisation. We run an economy that lacks the discipline to manage the discrepancies in the stock market. An economy that stage manage accountability and give birth to criminal billionaires. A country who chose to be wasteful by pampering her politicians. We run an economy where the health sector hardly exists.
I grew up to know our economy in the take off stage. After over forty years of my existence it has not landed. We are still flying and has been in turbulence forever. Yet we claim to be the giant. We are the giant of liars. We have failed our brothers and sisters in Africa who looked up to us for hope.
How can we say we are better than Liberia or Congo or Seirra Leone despite all they have been through.
Nigeria need youths who genuinely want to help build a new Nigeria we can be proud of.
Our development should not be dependent on mouthy and fake doctoral or military qualifications. We need people with visions who can see beyond their nose and manage the loose ends in the system.
The recycling system in Nigeria has killed the nation. Our educational sector is long dead and social decay is the worm eating the carcass.
We urgently need economists who can develop brand new Nigeria compliant theories and not a copy and paste trial and error outdated theories that will not help any nation. Speaking big big grammar or saying jargons will not help either. We have seen enough of that. Okonjo Iweala and Madam Alison Madueke are good examples of packaged liars who used their personality to deceive 170m people. They danced and sold subsidy removal to us using grammar and technical jargons. Now we know better. This must stop and national referendum must adopted on sensitive issues in the future.
We must rise up as a nation to curb this nepotism and free flow slide very quickly else we might seize to exist as a nation in few years.
Our old men and women running the affairs of the Nation must admit their failure and nicely take a back sit. We should remind the academics that they are needed to research for us and discover people with visions to steer the ship of the nation.
We must take responsibility now and stop the fake life. Let us work within our strength to help the nation thereby giving hope to the next generation. We have what it takes to be a great nation. We have the zeal to be the best all we need is the OPPORTUNITY to be given to the right people who have the fear of God and have the vision to lead the nation. Nigeria belong to us all and the not the few at the top.
The fear of our economic failure is real.
