Super star investigative journalist, David Hundeyin drops another bombshell regarding the sudden poverty wrecking Nigerians and the collapse of the economy.
He wrote below on Twitter :
“I told everyone who cared to listen that Bola Tinubu, like Muhammadu Buhari, was given one set of policy directives by the American interests that put him in Aso Rock: Severely reduce the value of Nigerian wealth, and curtail local purchasing power; pauperise Nigeria’s middle classes who can then be picked off as cheap immigrant labour by the US and its NATO allies (this part of the manifesto actually appeared in print in a major western daily newspaper); reduce the size and influence of Nigeria’s economy in Africa; ensure Nigeria’s industrial capacity does not grow, and make energy for local industrial production as expensive and inaccessible as possible; stonewall any new infrastructure agreements with the Chinese government, thus ensuring that Nigeria largely fails to benefit from the time-limited, once-in-a-century economic opportunity that is the Belt and Road Initiative; and drastically reduce the size of the existing economic partnership with China (naira-yuan swap deal goes into the dustbin – ensure that import bill settlement remains dollar-denominated even though that makes no economic sense for Nigeria).
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Since the US puppets were successfully installed in 2015, Nigeria – a developing economy – has not started a SINGLE major economic infrastructure project. That is 9 years without any meaningful attempt to grow the economy – not even a road (except you count that Lekki Coastal Road thing that directly benefits the new US Embassy site on Eko Atlantic). EVERY SINGLE federal infrastructure project that has been commissioned since 2015 was started by Goodluck Jonathan: 2nd Niger Bridge, Lagos – Ibadan SGR, Abuja – Kaduna SGR, MMA Terminal 2 – all GEJ projects!
8 years of Buhari and 17 months of Tinubu have not yielded ONE infrastructure project that can grow an economy.
What have had in 114 months of the American puppet show is an engineered currency crisis that has reduced our purchasing power by ONE THOUSAND PERCENT; the loss of 50% of our national economy, which went from a GDP of $568bn to $258bn; a huge spike in dollar-denominated foreign debt – most of which we actually did not need, and is now a millstone around our collective neck; an exponential increase in terrorism and population displacement that pushed us into the world’s top 3 countries for conflict death, and made Nigeria statistically the most deadly country in the world to be a Christian; and a generational loss of middle class professional talent to the US and its allies in Canada, Western Europe, the UK, Australia and New Zealand.
Treason.
telegraph.co.uk/business/2019/…
– David Hundeyin
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Aptly captured
Nigerian is long overdue for revolution