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Sobowale On Business

Nigeria’s economic future built on falsehood (2)

Big trouble, as more Nigerians sink deeper into poverty

In the first part of this series, we explained how ignorance, poverty of leadership, incompetence and the wrong mindsets of our leaders combined to push us into the economic quagmire in which we find ourselves now.

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Buhari, others commended for support during marriage

FGN not learning from its mistakes

The search for the best people to assume important positions remains the first task of any national leader because on them lie the success or failure of the leader. Nobody can ever accuse President Mohammadu Buhari of selecting the most outstanding people for assignments. All one needs to remember is that the President scrapped the Board of the Niger Delta Development Commission, NDDC, in favour of the Interim Management Committee, IMC, which is now entertaining the world to a grand display of washing dirty underwears in public. The NDDC crowd represents the rest of the mistakes Buhari has made – and from which he has not learnt.

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Big trouble, as more Nigerians sink deeper into poverty

National home-grown feeding programme revisited

When Buhari announced on May 29, 2015, that his government would launch a Social Investment Programme, SIP, it was clear that this was expected to be his legacy programme. Solemn promises were made to Fellow Nigerians on that day. But, as Honore de Balzac, 1799-1850, has remarked,  “I am beginning to wonder, how many fools it takes to make the term “My Fellow Citizens”. Some of us who had lived through decades of fiction rendered as promises were sceptical. After all if a man fools you once, the shame is on him. If twice, you should be ashamed of yourself. I did not believe a word of what the President announced that day. Nevertheless, they ended up in the 2016 Budget presented to the National Assembly, NASS – which actually took Buhari seriously and substantially passed the budget after the usual favours-trading between the Presidency and NASS. Nigerians, invariably have been the losers at the end of the day.

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Agriculture, youth, Africa

FG’s bogus agricultural revolution

Two Ministers represented the Federal Government at the media briefing where this copy-cat programme was announced – indicating that all the noise about “CHANGE” was a swindle. A political party introducing a “revolutionary” programme in its fifth year in office has confirmed that it had no programme before and after the 2015 election for transforming our agricultural sector. They now expect Nigerians to believe they can leave a legacy in three years after failing to make any progress in the previous five. Incredible!!

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Big trouble, as more Nigerians sink deeper into poverty

Is the economic advisory council now redundant?

When Buhari appointed the Dr Doyin Salami-led Economic Advisory Council, EAC, last September, most commentators were optimistic that Nigeria’s economic policy management was about to receive the professional touch which had been lacking since May 29, 2015. Unlike other commentators who assumed that Buhari had changed his view of economic management, I learnt from reading one of Professor Dorfman’ s books that it is never easy for a man over 70 to change his habits on most things – even after acquiring a new set of advisers. Invariably, the advisers become redundant and run the risk of being held responsible for decisions taken without their inputs.

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Grumbling in EFCC over Magu’s successor

How Nigeria lost the benefits of a strong EFCC

CAN you recollect when the news report that “the EFCC is investigating  allegations of N1billion fraud against Governor ABC” would send the governor scampering to the airport for the first flight out of Nigeria? Can you remember when entire States’ Houses of Assembly trembled if Malam Nuhu Ribadu, the first Chairman of the Economic and Financial Crimes Commission, EFCC, merely mentioned that the lawmakers were under investigation? Do you even remember who Nuhu Ribadu is and does it matter anymore? Yet, the first visit of the former EFCC Chairman to Lagos to meet the media created a massive hold-up for hours.

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