There is serious fire 🔥 on the Mountain in Nigeria but many seem not to take interest.. It’s officially official that the present day Government of Nigeria doesn’t care about the survival of Nigerians.
A very keen and intelligent Obidient member, @Nefertiti wrote :
“There is fire on the mountain, but Nigerians are debating soups. The NNPC have increased petrol price to 1,030 Naira a litre. Capital Importation into Nigeria is at its lowest.
Huge amount of capital are moving out of Nigeria in droves. Asiwaju has been unable to attract FDIs, the gains made in Portfolio Investments at the beginning, is no longer sustainable. All the Economic Indexes in Nigeria are in the red, & we all know the reasons.
Nigeria is riddled with excessive taxation, high cost of borrowing, forex volatility, high operating costs, capital flight, etc. The Ease of Doing Business is at its record low.
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Worrying about very low FDI is now belated. You shouldn’t worry about attracting FDIs, worry about keeping the tiny percentage you’ve attracted. Artisans have had to pay as much as 49% taxes through various backdoor channels.
They cannot sustain the initial fomo, now Portfolio investors are leaving in droves as well.
Buhari & Bola Tinubu are the reason for the massive inflation you have in Nigeria today. The APC cannot manage anything. The managed to triple the inflation & the money in circulation.
They cannot manage insecurity & food security. They cannot even manage our diversity.
When Obasanjo & Dr. Ngozi Okonjo-Iweala secured those Debt Relief for Nigeria, one of the conditions was that (Nigeria must set up a Debt Management Office to manage its spendings & borrowings). The DMO & the Fiscal Responsibility Act was the result.
Fast forward to 2015; the APC came & borrowed Nigeria back to poverty.
To add salt to injury, the Central Bank of Nigeria printed & borrowed a whopping N32 trillion to them (via the Ways & Means Financing).
Buhari borrowed a massive N23 Trillion in 8 years. Tinubu borrowed a whopping N7 trillion in just the first 6 months of his administration.
Buhari & Asiwaju were nothing short of reckless. Both regimes were nothing less than chaotic. The APC came & wiped off the gains made by OBJ & his superlative economic team.
The way I see it, it is going to take Nigeria – (30 years of meticulous “uninterrupted” planning to hit its pre-2015 Economy).
Opeoluwa is supposed to be one of Asiwaju’s Hallelujah Boys. The type I always like to describe as Ojuelegba Adams Smith.
If he could agree with what some of us have said, then the situation is dire. Forget all the nonsense from some analysts, the situation is worst than it’s being reported in the news.
Asiwaju is the punishment for those few bigoted & stubborn middle class families left in Nigeria pre-2023. Nowadays, you’re either rich or poor. The damage has been done. Bola has won his bet; there is no coming back from hell…..
