Tuesday 25 March 2014

Thieves, Buffoons and a Harvard Educated Economist.

90% of the Nigerian political demography at present is comprised of Thieves, Buffoons and Harvard Educated Economists.

It is no news that the Nigerian Economy is haemorrhaging resources. With insecurity at an all time high investors are extremely skittish about setting up shop within her borders. Elections looming in 2015 further complicates the complexity of the general state of things. 

With allegations and counter allegations of fraud ricochetting about the place and the President showing a distinct lack of appetite on tackling corruption,  there seems to be no end to the level of impunity ravaging an already faltering economy. 

To think that at the helm of things economy-wise is sat, the co-coordinating minister of the economy and of Finance  Dr. Okonjo-Iweala who persistently insist that the Nigerian economy is fast growing, stable and holds monumental potential. 

The only potential outside investors see right now is a giant smouldering keg of gun powder simmering over west Africa, and a bevy of bungling politicians playing with match sticks seemingly oblivious to the fact that they are sat right in the middle of it all. At present they seem to be getting a high from the panicked oohs and aahs and looks of apprehension from the world around. 



Dr Iweala has seen her reputation torn to shreds mainly due to the fact that she has kept mum about a whole lot of goings on that have proved to be extremely detrimental to the economy. The pick of which is the non remittance of revenue by the NNPC to the Central Bank. A development that is not only constitutionally wrong, it is criminal.  

Perhaps the saddest part of it all is that we have one of our most brilliant economist being part of a government that is obviously out of its depth and being oblivious to or rather pretending to be oblivious to the actual state of events. Which forces one to bring to question her intentions and moral standing.

It is impossible to fill a basket with water a fact Dr Okonjo-Iweala has been consistently arguing against.