"The Buhari administration has broken a key electoral promise, that is to revamp the refineries and wean Nigeria off this destructive reliance on fuel imports. This deregulation/fuel price increase is effectively a declaration that they've given up on restoring our refining capacity."
Now why did I pick this up specifically? I did because when many of our public affairs analysts discuss issues, they often do so inside a "pipe" and fail to consider the environment that surrounds the pipe. Conclusions or opinions as I have quoted above was ascribed to Moses Ochonu, someone I actually do respect but doubt if he made the statement above. I do not work for this government and therefore not their spokesperson but I am knowledgeable enough to know that as of March 2015, the Nigerian government was so broke it was borrowing to pay civil servant's salaries. I also know that that government left with a trail of debts owed on petro-subsidies and that there was an acute scarcity of petroleum products towards the tail end of the last administration the reason for which many accused it of criminal indifference. So soon after, we witnessed the near collapse of two-thirds of the 36 states in Nigeria who could not pay staff salaries or maintain the institutions of state. Since after that, the nation has been treated to different manifestations of sleaze and different guises of high-treason by those who held sway. Something that was obviously so shocking was the "Abuja Yam Festival". Only a few days ago, the vice-president, Yemi Osinbajo, confirmed that about $15 billion of the nations wealth was looted under the cover of security spending at the federal level alone. If one were to add what was looted under power infrastructure, third term, UBE, monetization, 2011 subsidy scam, un-remitted oil receipts, sovereign wealth fund, Niger River Bridge, NNDC, ecological fund (nonsense), banking and bank consolidations and the debt write-offs and other sources or domains, you can imagine how this nation had been raped by the elites ruling us.
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Showing posts with label uhari administration. Show all posts
Showing posts with label uhari administration. Show all posts
Saturday, 14 May 2016
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