PRESIDENT BUHARI’S DESTINED TO FAIL PROVINCIAL ECONOMIC POLICIES

Where is Nigeria’s Minister of State, Kachikwu?

Apparently, he has been sidelined in favor of Baru searching for crude in the lake chad Basin. 

It is not enough that Nigeria has been structured on a ridiculously, uneconomic and wasteful system of drilling in the south and pipelining the crude all the way up to Kaduna for refinement. 

Now Buhari has become fixated with finding oil in the north to complete his economic linkage plan after the planned completion of the dry inland port and a railway linking from there all the way to Chad and Cameroon for his Kanuri relative smugglers to prosper selling petrol and other banned items without paying Nigeria excise duties unlike the militarized border around Lagos with the republic of Benin.

You can almost feel the gasping for air exasperation of Buhari as he is confronted with yet another failure to find crude and I can hear his iron willed response to keep on drilling to find oil at all costs so he and the north can be rid or done with Niger Delta Igbo oil before he leaves office. 

In the meantime, as he pursues these provincial policies he is shooting Nigeria in the foot by refusing to infuse passion into the completion of the 2nd Niger Bridge and expanding the inland ports of the east to handle capacity and relieve the stress on Lagos, in the meantime the gridlock in Lagos is driving up inflationary costs.

On the other hand undermining his grand design for the north is his kid gloves treatment by putting former Boko Harem combatants through de-radicalization camps and releasing them back into circulation to continue poisoning the minds of their people after all in his mind they are just misguided fundamentalists advocating for something ideal but not realistic in Nigeria today, but maybe in the future.

Long term, what he does not understand is the resource curse that will ensure that oil found in the north will not even be enjoyed by the North and the realistic fact that Kanuri Boko haremists will sabotage and destroy any million-dollar pipelines sending their commonwealth to Kaduna for refinement for ONE Nigeria.

As he wastes money on this search and divides focus, the refineries in the Delta are dysfunctional and needing funds for urgent repairs that he is wasting on his endless billion naira search for crude in lake chad and he will not sign the PIB bill or allow for Niger Delta indigenes to refine crude as businesses afterall why should or how date any Igbo or is it an Ijaw man become rich. 

His Airforce to his credit has bombed all those illegal refineries to dust and crude waste in one of the most furious and underreported bombing Campaigns in Nigeria’s history. The militants have been decimated into silence, no one hears anything about clean up or scholarships.

Cases of lifting unmetered fuel have been reduced and the government is most likely collecting all receipts but his spilt focus and refusal to tackle the northern cabalistic mafia dominating oil sales is contributing to the refineries operating at a loss and NNPC is still an accounting nightmare.

When will Nigeria get nationalistic leaders to take us to the promised land because it is clear Buhari’s provincial policies will crash Nigeria deeper into poverty.

When will our leaders wake up, someone please wake them up to the reality of one Nigeria and a shared destiny?

By Terhemba Osuji


Comments

Post a Comment

Popular posts from this blog

Economics - Another Useless Degree in Nigeria

To those studying Economics hoping for a banking career, please understand that With the increasing sophistication of electronic banking, transfer services, ATM’s and POS machines, the need for bankers will fall and there will be a decline in recruitment in that area. To be more concise, ECONOMICS is one of the growing number of useless courses if the curriculum is not quantitative based and focused on modeling outcomes and forecasting trends based on real time statistics and data.  Here are the jobs available to Economics graduates overseas: 1. Economist  2. Financial risk analyst 3. Data Analyst 4. Financial Planner 5. Accountant 6. Economic Researcher 7. Financial Consultant 8. Investment Analyst  9. Actuary 10. teaching 11. Public sector Based on this list, we can immediately eliminate 2,4,8,9, give some deferential award to 1,3,6 that in Nigeria all lead to 11 in policy roles, with the remaining extract from all defaulting to 10 or finally outside economics in the wo...
Read more

Re-Indoctrination Before Restructuring

Whenever you talk about poor governance, Nigerians always mention restructuring as the catch all panacea to fix all problems and issues. But very few Nigerians really know what type of restructuring is needed or how to secure this much needed restructuring in practice.  Many believe restructuring is about returning to the regional government system predating 1966, and tagging on a few new regions, while others wish to retain the federalist state structure and others wish for tribal governments for each of Nigeria nearly 360 indigenous tribes.  Others talk about super imposing a true federalist structures over whatever system but to ensure regional control of resources, most of that agitation seems to be driven by the south east and south-south zones sitting on crude oil reserves, followed by a devolution of items on the exclusive list to those new federalist units.  Others see restructuring as repeal of the 1999 constitution in its entirety and fashioning a new constituti...
Read more