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Sense, nonsense, and commonsense (3)

For instance, there is no way Nigeria’s economy could have been successfully diversified just after three hundred and sixty-five days in office. This is because, assuming that the federal government puts in place appropriate policies that, if implemented, would lead to increased output from the manufacturing sector or guarantee more efficient and profitable exploitation of solid minerals and other viable sources of foreign exchange, several years of consistent and determined efforts are required before positive results would begin to manifest in these sectors. And, concerning the campaign promises to achieve parity with the dollar and increase Nigeria’s share in the international oil market, it is clear to anyone with a simulacrum of knowledge about the determinants of global currency regime and uncertainties in the demand and supply equation of oil that none of these promises can be realised in this dispensation. Having said all this, I am sure that President Buhari and the sycophants around him are aware, as already pointed out, that one year is indeed enough for well-informed Nigerians to reach a reasonable judgement on the overall direction his government is headed regarding the key sectors of our national life.

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