This week’s Political Round looks at the sage advice former President Olusegun Obasanjo gave to President Muhammadu Buhari last week on the current government’s preference for bonds.
Finally this week we also looked at four other stories that are very important to Nigerians, exploring their consequences, the lessons learned from them and why they are easily forgotten.
1. Obasanjo’s sage advice
On Monday, September 20, former President Olusegun Obasanjo told President Muhammadu Buhari that using bonds to accumulate debt for the next generation is a crime.
In an interview with a television station at an event in South Africa, Obasanjo said: “But if you borrow and accumulate debt for the next generation and the generation after that, it is a crime. What are you borrowing for?”
“If we borrow for day-to-day expenses, it is foolish. If we take a loan for a development project that will pay for itself, it is understandable. Then how long will it take to pay it back?”
Insinuating
Obasanjo was simply stating the obvious. The continued borrowing by the Buhari administration should be a matter of concern to Nigerians, especially when these loans come with no clear repayment plan.
The current government should be looking for ways to create wealth and reduce the cost of governance in response to falling revenues. Adapt rather than accumulate credits that could be left to future generations.
2. el-Rufai mocks southern governors
On Wednesday, September 22, Kaduna State Governor Nasir el-Rufai said that the laws enacted in some southern provinces against open grazing do not exist
After a meeting with representatives of the All Progressives Congress (APC) at the party’s national secretariat, he told reporters: Abuja “But the transition to livestock cannot be done overnight. We need a plan; we need means and we must implement it wisely. As governors of northern states, we have taken a position and are implementing it.
“I hope
will realize that there are other ways to raise livestock rather than raising livestock back and forth in farms run by people. And causing all kinds of problems. We want to solve this problem. Fulani herdsmen “It is useless to politicize the situation and pass laws that we know cannot be implemented. So we have taken a position and are working day and night to implement it.”
Impact
The remarks of the
State Governor are regrettable. One can only wonder if the Kaduna state governor wants the South to also suffer the insecurity currently exacerbated in the North by the terrorist activities of assassins Kaduna, bandits and other criminals. Fulani herdsmen Generally anyone who loves Nigeria should support any measure that will help curb the activities of these criminals who have turned many parts of the North into a shadow of their former selves.
Meanwhile, this statement by El-Rufai only comes from some saboteurs among the Southern governors who have become traitors due to their selfish desires, while people like the
state governor know that they are just rioters and ceasefire breakers. Kaduna3. Moghalu on Nigeria’s problems
Kingsley Moghalu
(CBN) former deputy governor, Kingsley Moghalu, said Nigeria’s economy is bad because the country is run by politically and economically incompetent peopleCentral Bank of Nigeria *) The 2023 presidential candidate said in an interview with Arise TV: “We often think that technocrats can transform the Nigerian economy, but they can’t. As long as Nigeria is ruled by politically and economically incompetent people, Nigeria’s economy cannot be transformed.
“If I were here today
and knew what I am telling you, and there was the political will to implement these reforms, I believe there is a greater chance of improving the economy. ”President of NigeriaImpact
Moghalu was simply stating the obvious. If the nation rejects mediocrity, ethnicity and religion and relies on competence and credibility to choose leaders, then the nation’s problems will continue.
Moghalu’s statement is a call to action ahead of the 2023 general elections as the people will have another chance to either continue to be led by politically and economically incompetent men or ignore ethnic and religious sentiments and choose credible and competent men to decide at the highest level of the nation.
4. Adesina’s lame apology to sponsors of terrorism
Femi Adesina
Adesina was responding to a recent report by the United Arab Emirates (UAE) that named six Nigerians as terrorists in an interview with a TV channel.
“The motive is not to condemn the names of perpetrators. Rather, it is to bring the wrongdoers to justice. Nigeria is not interested in naming the perpetrators. Rather, it wants to bring them to justice. ” Adesina said.
Impact
Adesina’s reaction casts serious doubts on the seriousness of the Buhari-led government in addressing the problem of sponsors of terrorism in the country.
The apology by the Presidential Adviser, Abubakar Malami, was later highlighted by the Presidential Adviser, which shows that the current government lacks the political will to address the problem of terrorism in Nigeria with the necessary urgency.
One can only hope that the suspects will be prosecuted soon as the Office of the President wants Nigerians to believe. Until then, Nigerians would be wise not to expect an end to insecurity in the country.Attorney General of the Federation5. Sanusi’s ConcernsMinister of Justice
Former Governor Mohammed Sanusi
Former
ImpactCentral Bank of NigeriaThe country’s current economic realities clearly show that Sanusi has hit home. . His grief should prompt the government to take steps to help reverse the downward trend of the economy.
The concerns expressed by the former CBN governor should be of serious concern to the Nigerian government and the country’s economic policymakers.
