Showing posts with label Keynesian model. Show all posts
Showing posts with label Keynesian model. Show all posts

Thursday, February 15, 2024

Tinubunomics? It’s Economic Illiteracy Writ Large!

 By Olu Fasan

Bola Tinubu, Nigeria’s self-regarding president, says he deserves an entry in the Guinness Book of World Records for his economic reforms. Speaking at the 10th German-Nigerian Business Forum in November last year, Tinubu said: “To me, if you didn’t mention me in the Guinness Book of Records, I would find a way to insert myself because I did it (the economic reforms) without expectations.” But whether he said that in jest or in earnest, the truth is that he goofed spectacularly, displaying a hubristic detachment from reality.  

*Tinubu

Think about it. When, as president, your policies inflict untold suffering and misery on the citizens, it’s utterly arrogant and insensitive to beat your chest and demand global accolades for your “achievement”. It is also inconsiderate and out-of-touch to tell the citizens to endure excruciating pains now for some pie-in-the-sky gains in the future. Thomas Jefferson famously said that “the care of human life and happiness is the only legitimate object of good government”. But Tinubu’s economic “reforms” immiserate and dehumanise ordinary Nigerians!

Saturday, November 12, 2016

Nigeria: In Search Of The Messiah

By Bayo Ogunmupe  
The alert that the occupants of the Bakassi Peninsula will soon become stateless, (being refugees) in Nigeria now, gives cause for concern. This alarm was sounded by the representative for Nigeria and the Economic Community of West African States (ECOWAS) at the signing of the memorandum of understanding with ECOWAS Parliament in Abuja recently. The alert drew the attention of the world to the displacement of the people of Bakassi. These people are Efiks with linguistic and cultural affinity with Efiks of Akwa Ibom State, Nigeria. Being Nigerians until Bakassi was ceded to Cameroon in August 2008 by the International Court of Justice.

Since then, Bakassi belonged to Cameroon but its residents remained Nigerians. Worse still, the two countries have not been serious in governing the territory inhabited by this people. Due to neglect by the Nigerian government, these people have nowhere to call their country. But evidence abounds that they are Nigerians because they registered and voted at Dayspring Island, Cross River State, Nigeria in 2015.
The people of Bakassi have chosen to remain Nigerians in spite of neglect. This is why we need a messiah to rescue Nigeria from predators who don’t see more than cornering oil money in Nigeria. We need a leader ready to tackle those seeking to balkanise Nigeria to satisfy their security concerns. Like the Jews who are still waiting for their messiah, we should start searching for an emancipator now. We need a leader who will emancipate Bakassi and lift us out of poverty.
Amidst the great yearning for a messiah came the confirmation by the First Lady, Mrs. Aisha Buhari that the government of her husband had been hijacked by a mafia. The Senate President, Dr. Bukola  first broke the news at the height of his feud with Buhari over his alleged alteration of Senate standing orders last year. The confirmation of the mafia takeover was a huge blow to us who view Buhari as the much awaited messiah that will transform Nigeria to the Utopian land of our dreams. It means this government is in the hands of a few jejune individuals.