Nigeria is currently in an economic Bermuda triangle.
We are in a plane whose destination is unsure, whose flight path is known only to the pilot. At least we hope he knows...
The fact that Ngozi O'conjurer Iwailer was such a 'weist' in her self-appointed role as Coordinating Minister of Economic Sabotage does not now mean we have to go to the other extreme and run this country like a rural peppersoup joint.
We need a solid Economic team.
We need to see and hear them in action.
We need to see the policy document and we need to be convinced it is good for us.
Governance is not about arresting people, please. We did not vote for the EFCC chairman. We voted for a party and a President. China prosecutes and beheads so many criminals daily without all this drama.
Economic decisions should be made by professionals. If it was so simple and straightforward there would be no need for economists. I admit I'm quite the socialist at heart but even I am annoyed by the current goings-on.
The Nigerian middle class is on life support. Many families look and act prosperous but they are just one chronic illness; one car accident; one forex ban away from poverty. The recent CBN shape-shifting is killing our middle class. SMEs are shutting their doors all over the country. And people still insist this will benefit 'the masses'.... lol.
The masses are holed up in tiny villages with no water, no light, no healthcare. No amount of forex restriction will change this overnight. We are only succeeding in creating new millionaires out of the round-tripping bank cabal. More money for the soakaways. (At least soakaway construction companies will make some money).
Well, just my two kobos.
( Speaking of two kobos... we still mint coins in this upside-down country. Don't think about how much it costs us yearly if you don't want to lose your apetite).
