Blog 4
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Political nonsensical statements
For an elected governor to say that good judgment is not a popularity contest in a democracy, one wonders what the person is talking about. Political institutions are supposed to make the running of a state possible. But a government that does exist in isolation. People should be able to see tangible change that does not take the little they make because of obnoxious policies.
Budgets have always been prepared and passed from time to time, does it mean that road construction that were budgeted for in the past and remains in deplorable state should not be probed. What is the essence of earmarking huge sums of money for the same road over and over again? It is wrong for a policy to be introduced that ends of devaluing the local currency, this is what the current policy of removal of the fuel subsidy does to the nation. The five naira does not seem to have any economic value at this point in time because of this policy.
Someone needs to think about other means of making money for the government. I am particularly disappointed in the National Assembly for not questioning the rationale that would make the executive spend more than what was budgeted for without recourse to them for appropriate amendments. This is what happens when you don't have the right people in the right placed. Enough ought to be enough! -
IMF and World Bank: An Agenda to Cripple African Economies
I have always wondered why African leaders still listen to the two most inefficient organizations in the world today namely: International Monetary Fund (IMF) and the International Bank for Development and Reconstruction (World Bank).
Considering the major roles these two failure outfits played in the economic meltdown, African leaders ought to ignore them. Ordinarily, an organization such as the World Bank ought to have warned the US against overspending on the war against Osama Bin Laden. It is noteworthy that Osama Bin Laden was only killed when a person that seemed less interested in getting him got there. George Bush Jr. with all his muscle flexing (not that he had any to flex) could not do it. It takes a calm and sensible person to get the job done, two attributes that were lacking in the former president.
Now, Nigeria is the target of their experiment. They have been able to convince the inept administration in Nigeria to deregulate the downstream petroleum sector making N1000 to have less than N500 value in terms of what it could get.
There are so many theories about other nations paying more than Nigeria for petroleum consumption. But the mere fact that Nigeria is a major exporter of crude oil should as a matter of common sense make the prices of petroleum products to be cheaper in the country.
I believe that Nigeria as a country should do away with the ridiculous idea of being amongst the 20 most developed economies in the world. For one, the unacceptable level of corruption and maladministration will not allow us to achieve this lofty feat. Besides, the current petroleum subsidy which can be argued tends to stabilize the prices of goods and services.
I therefore encourage well meaning citizens of the world to ensure that our blockhead in government that does increase the rate of instability in the country. There are so many employable but yet unemployed youth in the country who may find solace in the warm embrace of crime and other anti-social vices. We are better of not being among the top twenty economies in the world than for us to suffer from incessant attacks by men of the underworld.
It should be noted that the nonentity in government has not been able to proffer solution to the incessant attacks by a misguided sect called Boko Haram meaning opposition to western education, a very ridiculous and laughable idea when other nations are thinking of advancement in medicine, engineering, law, etc. a sect is opposing education. This could only happen with a dunce in power.
It is not really a surprise, since our current president has always functioned better as a second fiddle. Something mysteriously usually happened to his bosses to promote him to a place of prominence.
I think the name Goodluck had always worked for him which is poised to work against him with his anti-people stance on removal of petroleum subsidy.
A word is usually enough for the wise...
Leke Adewunmi
Worried Nigerian -
The need for equity in work places
There is a popular scripture passage that I will paraphrase as "a labourer is worthy of his wages". When there is a crisis in a country's economy many parasites will establish businesses to deprive people of what they have rightfully earned.
The best way to get the best from anybody is to give them your best but this seems not to be good enough for some of these employers of labour. I understand that some employees in the past made it impossible for employers of labour to completely trust their members of staff. But it is a common statement that if you close your eyes because you do not want to see a bad person pass by they are likely going to be closed when a good person will come along. The statement that we are what we are today because of what happened yesterday has made many business owners to kill their businesses through obnoxious policy that only tends to force people away from their organization.
But the one that pays the piper dictates the tunes that will be played. If it is profitable for them to run their businesses like that I guess time will tell. -
Easy way out of poverty?
In Nigeria today, several people have had their fingers literally burnt through the Nigerian Stock Exchange. There are institutions that have not experienced failure of any form in the past but are being faced with failures in its biggest form. Who could have imagined the giants of banking operations in Nigeria being treated like common criminals because ogf the choice of bad investments or bad debt portfolio.
I was at a free seminar on Network marketing on Saturday, where we were told that you only need 600 dollars to start having the vacation that you have always wanted. I was too shy to ask if what happened to the stock excahnge would not happen to our new found 'quick means' of getting wealth. But I never bothered to ask because there seem to be too many knowledgeable people at the Seminar and I wouldn't want the world to know about my ignorance, would I?
Please wait...
