How Nigeria, Its People, and Its Govt Got It All Wrong (29/5/24)

Today makes 1 year that the calamitous regime took power, and I am happy that on all these points I have been totally vindicated 💯1. Returning APC to power, after the colossal failure of the 8 year Buhari administration of the APC.Forget the innuendo of the brain dead vulture griller and it's 'darling daddy' drab lines courtesy 'dem manna', this is one rabbit hole I didn't expect even 500000 people to fall into. After what Buhari did to Nigeria, why would any right-thinking person want to trust/reward the APC with power again? When you reward incompetence so consistently, you embolden it and institutionalise it, as is the case today, yesterday, and possibly evermore..(cos I don't know what the hell these people are smoking). The right thing is the APC should not have been rewarded for failure. Even if I supported Obi and he lost, i would have been proud of Nigerians if they had voted Monkey party, worm party, just about any party but the disaster called the APC2. Fuel Subsidy and Naira Float misadventureI sell cars, and in January I sold the last V6 vehicle I had in stock, I also purchased 500l of fuel for keeps (which lasted me till October thankfully). I did all that because I expected and support the idea of fuel subsidy removal. What I did not expect, was Bola Thubv would win and repeat the same mistakes that Buhari/Emefiele made on a more disastrous scale. In 2015, Buhari took the equally 'bold' step to remove subsidy. Fast forward to second qtr 2016, he also foolishly decided to float the naira. What happened? The dollar moved from 180/200s to 360/400's. Because we import fuel, this impacted the fuel costs which had been largely stable from May 2015 till that time, and that my friends sealed the glorious return of the subsidy to keep costs at 145/l. Low FX earnings plus high corruption meant the dollar started taking flight in no-time, and that my friends sealed the return of defending the naira. But the damage had been done innit? This arrogant clueless nigga thought it was a good idea to remove subsidy and float naira at the same damn time and some applauded. Again, what are these people smoking? Your Messiah only just made things a whole lot worse for you, and just like in 2015, subsidy is back, and naira defence will be televised (dem still dey disguise, just wait a bit). What have they gained from the misadventure, Nothingness! Scratch that,they achieved something. For the first time they achieved a scenario where majority of Nigerians in Nigeria have lost faith in the naira. That wasn't the case even last year or two years ago. The right thing was to remove subsidy, and still defend the naira to keep the effects of the subsidy removal controlled. If you were hypothetically using 1trillion on subsidy per month, ain't it just common sense to use say 300billion to defend naira and still partly save 700bllion that would have gone into subsidy. The drop in the value of the naira which had affected everything else would not have happened, it was totally avoidable but for the arrogant and reckless Thubv. How could these people vote APC??3. Cardunce-o The CBN GovernorNeed I say more? In a time of economic peril one should expect a reasonable govt to put square pegs in square holes. But no, they put a goat in charge of yam. All the real sectors are declaring bumper losses, only banks are declaring bumper profits, same caucus that Cardunce-o is part of same caucus that has benefitted from round tripping and arbitrage, is the same individual that Thubv thought right to head the CBN, an individual that managed a low-tier bank with probably less than 15 branches, na im Una expect to formulate sound policies in a time of economic peril? Laughable! The right thing to do would have been to recruit a capable, skilled and vastly experienced economist someone with a brain and resume like NOI. No cap, with my tiny MBA I go bench Cardunce-o, tell Thubv to ring me up asap!4. Propaganda on overdriveThe level of insincerity is mind-boggling and irritating. The lies are too much. You literally can't trust a word these mofos are saying ever. Thank God for the individuals who dey leak some of their plans to the press. Thank God for the internet, we would have been so much in the dark on everything. We would probably be planning a Dubai trip riding on the words of Ajuri and get gobsmacked upon the feedback from the visa application. The right thing...is impossible to do for this govt. They are relentlessly untruthful, deceitful, self-serving and incapable of doing the right thing. It is their MO.5. The oga pata pata of them all still somewhat linked to insincerity, is inconsistency. There is such a wide variation between 'What they say/preach' Vs 'What they stand for' Vs What they do. Again this is their MO. One minute Buhari says let's buy naira to grow Naira, but he patronised absolutely nothing local himself for 8years. Reduce medical tourism, but na him tour pass. These ones say na Nigeria importation dey cause palaver,but dem dey threaten cement manufacturers say dem go allow import of cement (no be same dollar u go use buy am). You say you dey find FDI, but organisations that have been around for 100years are packing up and leaving in droves, and then you use Gestapo style take hold binance crew say na them turn your naira to tissue paper. The FDI cheques don dey come through DHL you hear. Just 'contunu'Feel free to digest, share, critique these cogent points. See you all on the one year anniversary of the great Tinubulation come May 29.Nlfpmod Seun oam4j fp for a wider audience, maybe someone close to the 'presidency' can copy this for Baba or Cardunce-o to implement