Nigeria’s coming financial meltdown (3)

You ask your self, why has authorities performed deaf and dumb since 2015 not less than? When folks cried and shouted and complained concerning the selections our federal and state governments made – their fleets of luxurious automobiles, their frequent luxurious travels, and loopy emoluments – this authorities behaved prefer it had no ears. Is it not wickedness to sleep via this after which wake us as much as this nightmare? That is the expenditure downside I talk about. It has been sheer madness since we returned to democracy, however extra so in these previous few years.

What might come

We sit on the precipice. This time it’s doubtlessly for actual and all we want is a set off or a rash, not-well-thought-through motion and growth! We might even see the naira devalue to N1,000 or much less. We may additionally see inflation spiral to over 3-digit numbers. We might not really feel a lot influence aside from reasonable addition to inflation if for example, rate of interest ranges climb to the 20s or 30 share factors. Our greatest problem could also be spiraling inflation because of worth changes, worth gouging, lack of confidence in authorities, devaluation, and response to a brand new world financial, monetary and/or forex disaster. It might simply be bedlam on Nigeria road as folks’s wealth get completely eroded. We want nice financial pondering by patriots now greater than we ever did. Fact. No jokes anymore. We have now winged as many bullets as we might doubtless be capable of. We might doubtlessly be looking at a Wiemar Germany state of affairs, with crimes spiking on our streets as we want a wheelbarrow load of cash to purchase bread. We might have our conventional African social capital to kick in at brief discover and maintain up for us. I believe we’re the epoch the place the world completely fingers off Nigeria and sees what we will do with ourselves, particularly now that each nation is nursing their very own wounds.

What to do

Claw-backs via an elite consensus. We have now to promote the concept that all of us should save our nation. We want extremely communicative management that may:

1. Mobilize as many individuals as doable behind the reason for saving our nation
2. Command the respect to get an elite consensus going
3. Open our folks’s eyes to the goodness of our nation and the necessity to save her by one and all.
4. Present that the methods of the previous are completely over, and that authorities may be trusted with folks’s taxes.
5. Institute some progressive taxes, like luxurious taxes, CGT, car taxes, even the petroleum tax and so forth, that may try revenue redistribution. We will start to double income with enforcement as nicely. There may be fireplace on the mountain certainly
6. Present that authorities is not enterprise as traditional
7. Trigger a interval of sacrifice – zero pay, zero emolument – for a yr or two on behalf of presidency functionaries. For the USA to exit the Nice Despair, they needed to lock down the nation and ban the manufacturing and buy of automobiles for two years (April 1942 to December 1944). It was wartime and so they targeted their automotive producers on the World Conflict 2 efforts. We have now all the time been at warfare right here too. So, why not?
8. Focus our folks on native manufacturing. All our wants may be seen as alternatives for enterprise by our folks. Foreigners are welcome. It takes time to arrange corporations although, however the earlier we get it into our heads that now we have been goofing about by pondering we will play the worldwide commerce recreation, the higher. We merely don’t have anything to promote. We’re a basket case. Each Nigerian has contributed to this state however extra these in authorities and people who have milked the system to consolation. We will resolve to go after these we predict are snug – which can contain some innocents – or we might roll up our sleeves and produce. Our alternative.
9. Launch zero-waste coverage whereby the minds of Nigerians are attuned to the presence of worth in a lot of our endeavours. Cottage industries ought to be inspired to make sure we decrease and eradicate post-harvest losses of our major meals crops. We must always push in the direction of using 80% of our arable land, from the current 35%. We must also attempt exhausting so as to add worth to those main crops if we intend to get some {dollars} again from the remainder of the world.
10. Present the required insanity in securing this blessed nation, no matter it takes. Mock me or not, even the 50 million youths to be recruited into the Military (nicely not essentially the military, and never essentially 50 million). What I heard was the necessity to TAKE AWAY FROM THE SOURCE OF RECRUITMENT of bandits and terrorists, and the necessity for Nigerian youths to take their nation again by forming a human wall in opposition to those that terrorize and horrify and traumatize us on hourly foundation. I see little or no wiggle room across the want for us to safe our meals (agbado, cassava, ewa and many others), in order that our youths might replenish the safety companies – navy, paramilitary, police, intelligence companies, and patriotically defend their nation whereas we additionally start to fabricate our personal necessities and get off this despair now we have discovered ourselves. Our leaders right now seem helpless, clueless, hopeless and pitiable, and so do the remainder of us. But, with out safety, we’re all useless. Overlook about funding and enterprise. God assist us.

It’s not sufficient to level fingers. Additionally decide up a mirror and take a look at one of many culprits. Solely irresponsible folks will suppose that that is one other alternative to destroy the little infrastructure that Nigeria owns. Protests are good. However productiveness, and a reordering of our particular person priorities is even higher. All of us ought to declare a moratorium and give attention to the very naked necessities for not less than two years. And those that have wantonly stolen what was not even sufficient, could also be hung, drawn and quartered.

Concluded