By Owei Lakemfa
The Nigerian masses are troubled. They are hungry, angry and losing faith in civil rule. The times call for leaders at all levels to be at work, seeking solutions. Unfortunately, many government officials are spending scarce resources and precious time carrying out propaganda.
The political traders blaming the demonstrably inept and kleptocratic Buhari regime, for our current woes, are engaged in a needless diversion. It is like beating a dead horse; what would the country gain from such waste of time and energy?
They are no different from Buhari who wasted eight precious years of the country blaming the Jonathan administration for the calamity of his own misrule. When this began to sound like a broken record, the Buharists began tuneless songs like feeding school children ‘in school’ when the entire populace was on COVID-19 lockdown at home.
Then, the retired General elevated deception to a new level by causing
carpenters to build pyramidal structures, arranged bags of rice on them, and
announced that his administration had done so well in mechanised farming, that
the country now has pyramids of rice, like we had the groundnut pyramids of
old. On the eve of its welcome departure, the Buhari gang launched a fake
national airline.
So, rather than the old
minstrels who have supported every government from Obasanjo through Yar’Ardua
and Jonathan to Buhari, blaming Buhari, they should encourage the Tinubu
administration to engage in self-examination.
Yes, it is correct that Buhari
had a policy to remove so-called fuel subsidy before he passed on the baton to
Tinubu. But the truth is that he stopped short of implementing it wholesale.
So, do you blame Buhari for Tinubu removing the ‘subsidy’ in his very first
minute in office, thereby greatly impoverishing the people?
We all know the Naira cannot
swim; so how does anybody blame Buhari for Tinubu dropping the Naira in the
ocean and urging it to float without any aid? Now that it is drowning, does it
not make sense to throw the Naira a lifeline rather than waste precious time
blaming a man who is lost to the world?
The current economic woes of the
country are rooted in the mindless policies of the ruling All Progressives
Congress, APC. The APC’s economic policy is inflation-genocide with the nuclear
capability to wipe out the lower classes, and replace them at the bottom of
society, with the hitherto middle class.
So, rather than wail about the
gross incompetence of Buhari, let us assist the Tinubu administration to
rethink its policies and save the mass of the people.
The immediate step Tinubu needs
to take is a drastic downward review of fuel prices which is the main cause of
hyperinflation and grinding poverty. A major reason why food inflation is at 33
per cent is because the cost of transporting it is far higher than the cost of
production.
The second immediate step is to
rescue the Naira as no import-dependent consumer nation can throw its currency
into shark-infested seas without providing it with even a life jacket. The
third, is to stop the mindless taxation of the populace, including the endless
upward adjustment of the Customs rates for imports which has added to
hyperinflation.
In the medium term, the
administration needs to appoint some game-changers into government rather than
abandon the country to politicians and technocrats most of who are marking time
in office.
The truth is that this
administration has no known road map on any issue which can enable mass
participation in governance. Not on education, the economy, youths, health,
women or out-of-school children.
But rather than allow the
country concentrate on serious matters, there was another diversion, this time
by anti-Tinubu persons. They floated an uninformed narrative that Nigeria is on
the road to Venezuela.
A write up, whose origins I
could not ascertain, went viral. The title was ‘A Slow Journey To Venezuela’ It
claimed that Tinubu is trying to replicate the Venezuelan case.
It claimed that former
Venezuelan President Hugo Chavez, using the country ’s oil profits “went on a
spending spree on social programmes”. First, is that we do not enjoy such “oil
profits” in Nigeria. Second, Chavez deserves commendation for spending such
funds on verifiable social programmes like the construction of over four
million housing units in the country.
The writer then makes the
uninformed claim that: “Unfortunately Chavez didn’t spend any money maintaining
oil facilities.” No, there were no oil facilities to maintain because the
United States imposed unilateral sanctions on Venezuela for allegedly
collaborating with Cuba. These included forcing oil companies to leave the
country, refusing to allow Venezuela buy spare parts, engage in international
trade or purchase needed food and medicines.
In summary, the US consciously,
wilfully and deliberately, crumbled the Venezuelan economy. This was to the
extent that the US, the European Union and some of their supporters seized or
looted Venezuelan funds in their various banks.
These countries between January
and March, 2019, seized $30 billion from Venezuela’s foreign accounts.
When they decided to recognise
the then Speaker of the Venezuelan parliament, Juan Guaidó, who unilaterally
declared himself President, they allowed him access to the country’s foreign
funds. For instance, Britain assisted the imposter, in his bid to access $2bn
of Venezuelan gold it had in its vaults.
In 2019, the Portuguese bank,
Novo Banco in Lisbon seized the USD 1.5 billion Venezuela was to use in
purchasing medicines, food and other essential supplies for the people.
Luckily, the Portuguese courts in 2023, ruled that the money should be returned
to Venezuela.
So, the narrative in
Nigeria that the Venezuelan problems are due to extreme dependence on oil,
failure to diversify the economy, corruption and mismanagement, are blatantly
false. Comparing Venezuela and the Nigerian case, is a fraudulent exercise.
But based on this uninformed
position, the Governors of the Peoples Democratic Party, PDP, last Monday,
raised the false alarm that Tinubu is railroading Nigeria to the Venezuelan
path. An equally uninformed APC Government responded in like manner. The PDP
and APC are behaving like two class dullards arguing and insulting themselves
over what they do not know.
In reality, Nigeria is on the
road to Haiti, a failed state where insecurity is so bad that anyone arriving
at the airport, needs armed security to drive into town, or be abducted for
ransom. We are on the road to a country where rival gangsters in 2021,
assassinated sitting President Jovenel Moise in his residence, and the
assassins could not be tried in the country.
*Lakemfa is a commentator on public issues
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