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Nigeria’s SOS to the global community

Nigeria’s SOS to the global community

For the first time since 1960, Nigeria has been ruled by a government which had solved none of the problems it met, but had multiplied them or made them worse. The self-proclaimed Giant of Africa is not only “the wretched nursery of discord among its citizenry and the miserable object of universal pity or contempt” (apologies to Alexander Hamilton: 1757-1804), it is also a hopeless abode for its citizens and a present danger to all the nations of Africa and the Economic Community of West African States, ECOWAS. The recent closure of our national borders smacks of utmost desperation by a government which had, from its inception, mismanaged the Nigerian economy. It is only the latest in a series of measures taken by a government headed by someone who does not even pretend to understand economic principles. Like most of the wrong-headed measures, there is suspicion that it was taken to serve the interests of a small circle of insiders who, knowing about the closure in advance, had stockpiled rice and “made a killing”. They predictably “killed” Fellow Citizens while smiling all the way to the bank. The heavy price we are paying for rice today is enriching those close to the Rock who were aware the measure was coming. Corruption has now assumed a new face – contrary to what Professor Sagay thinks. He is not an economist; so it could not have occurred to him that Nigerians have been fleeced to the tune of billions of naira by rice producers close to the seat of power.

Continue reading Nigeria’s SOS to the global community at Vanguard News.


https://ift.tt/365j7A9 by Urowayino Jeremiah via Vanguard News Albert Einstein Fools of Fortune
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