Tuesday, November 25, 2014

"THE COMMONSENSE ECONOMIC POLICY THAT NIGERIA NEEDS TODAY"

I am not an economist by training, but a physicist. I know how to make the Nigerian economy stronger and her Naira powerful. I am ready to give the inept, visionless, mediocre and the corrupt Nigerian government this advice free of charge. Firstly, Nigerian government must fight the cancer of official corruption, state resource mismanagement, money laundering, tax evasion by corporations, over-invoicing of imports, smuggling of goods across our porous borders, oil theft via oil bunkering and the shady import duty waivers to their death.

Secondly, the size of the government and her expenses must be drastically reduced. The government must cut the huge salaries and allowances that are paid to the Nigerian state officials, including their foreign vacations and foreign health care expenses. Thirdly, the government must diversify the Nigerian economy from the present oil-dependent into the agricultural, manufacturing, solid mineral, international tourism, export-dependent economy and tax-based revenue generating economy.


This type of economy will feed the Nigerians without any need for food importation. This type of economy will create millions of good paying jobs for Nigerians that cannot be outsourced abroad. The type of economy will provide the needed raw materials for our local manufacturing sector. This type of economy that is tax based will generate more reliable revenue for the government than the oil-dependent economy that is always subjected to the global demand and supply for oil. Finally, the security of life and properties of all Nigerians will be needed to grow this type of economy that is not from the IMF, World Bank, London Club and Paris Club.‪#‎CommonSenseEconomicPolicy‬

Friday, November 21, 2014

"PRESIDENT BARACK OBAMA DESTABILIZED THE POLITICAL AGENDA OF GOP CONGRESS"

The decision of President Barack Obama to invoke his executive power that is granted to him in the American constitution to announce the several new measures that will address the immigration crisis in America has a lot of political implications and consequences from now till 2016.

How will the GOP controlled US Congress react to this huge political development? Will GOP enact its own immigration law to make the Obama's new immigration policy of no effect, null and void? Will GOP response with an impeachment move on this President? Will GOP go ahead to shut down the federal government again like the way they did in 2013 over Obamacare? Will GOP continue to be the obstructive party in the US Congress that will not pass any bill into law nor work on any compromise bill with this President? Will GOP continue with their political agendas, such as, the Keystone XL pipeline proposed project, privatization of social security, medicare and medicaid, defunding of Obamacare and providing tax reform for the big corporations and wealthy Americans and without touching the comprehensive immigration bill?

No matter what the new GOP controlled US Congress decides to do with their majority in the US Congress for the next two years will not prevent their party from paying the huge price for refusing to do nothing with the immigration reform bill at the polls in 2016 and for many years to come from the highly disappointed Hispanic-American voting bloc that is now the fastest growing voting population in America #ObamaIsAShrewdPolitician

Tuesday, November 18, 2014

HOW IN THE WORLD DID JONATHAN GOODLUCK BECOME THE PRESIDENT OF NIGERIA?

This man is totally helpless on how to truly lead this great nation as its leader. This man continues to make flimsy excuses for his own failures and his inability to solve our important national problems as a nation for the last four years in power. This man runs away from all his constitutional responsibilities as our President. This man lives in the direct fear of some of the Nigeria's most dubious businessmen, oil thieves and the corrupt politicians. This man does not deserve another term in the Aso Rock villa in 2015. This man is not the messiah that Nigeria needs. A vote to reelect this man is a vote to destroy Nigeria further. This man has no solutions at hand to address the menace of the Boko Haram terrorism, the massive official corruption in Nigeria under his watch, the mammoth state resource mismanagement, the massive illegal oil bunkering and the huge youth unemployment in Nigeria today.
Here are some of the responses of this President to a CNN interview in 2013:"Oil theft is not done by petty thieves but by big people and exporters, to end it, we need the assistance of our foreign country friends and refiners to stop accepting stolen crude. In addition, we have committees on the issue who meet regularly"
"People who talk about corruption in oil industry are mainly those who fail to get oil blocks, contracts and favours"
"Corruption is not our No 1 problem. Some people are taking stealing money as corruption, when you steal money you are a thief"
"Those who are calling for probe of Abuja massacre do not mean well for Nigeria"
"Minister of Defence is not important, it is the service chiefs who handle defence"
"People that say that (Nigeria is bankrupt) are playing politics with what they should not play politics with"
"You don't just wake up and say we are bankrupt as a senior citizen. You must say the parameters you used"
"I did not expect ASUU strike to last 3 months, I think politics is creeping into ASUU"
"Crisis in a developing country will continue. These are things you expect in developing countries"
"On the over all, before the PDP administration even directors had no mobile phones but with the PDP admin of Obj all have phones"
- Sunday Iwalaiye/CNN

Monday, November 17, 2014

"HISTORY MAY SOON REPEAT ITSELF IN NIGERIA IN 2015"

Jonathan Goodluck, the President of Nigeria is now playing a similar script to the one that Alhaji Shehu Shagari played as the President of Nigeria in the second republic. That democracy under the leadership of Alhaji Shehu Shagari was marred with huge official corruption, mammoth state resource mismanagement, unabated oil theft, smuggling, over-invoicing of imports, shady import duty waivers, money laundering, massive electoral fraud, rising national debt, collapsing state infrastructures, health care and social services, all forms of anti-democratic practices, lawlessness, rapid depletion of the Nigeria's foreign reserves, depreciation of the value of the Nigerian Naira, workers working unpaid for months, rising national poverty rate and unemployment rate, falling rate of the standard of living of Nigerians, unabated inflation rate on goods and services, waves of national insecurity to life and properties of Nigerians and a collapsing national economy with austerity measures firmly in place. I hope this government will not end up like the government of Alhaji Shehu Shagari. Time will surely tell. ‪#‎AMomentOfDeepReflectionOnTheFutureOfNigeria‬ 

"NIGERIA FACES BIG FINANCIAL CRISIS AS THE PRESIDENTIAL ELECTION OF 2015 DRAWS CLOSER"

The oil-dependent economy of Nigeria is now collapsing under the corrupt, spend-thrift, inept, insensitive and mediocre presidency of Jonathan Goodluck. The price of one barrel of oil in the international markets has now dropped from about $100 a barrel to below $80 a barrel because the global oil supply is now more than the global oil demand.
Nigeria's savings or her foreign reserves is rapidly declining side by side with the falling oil prices. The value of the Nigerian Naira is also depreciating against the major international currencies of the world. The Nigeria's foreign debt which is rated in American dollar is also rising. Borrowing of more money to run Nigeria by mortgaging the future of this nation to the international lenders is the only viable option on the desk of this visionless President of Nigeria
This President has mismanaged the Nigeria's economy in the last four years through the culture of official corruption, state resource mismanagement, oil theft, over-invoicing of imports, shady import-duty waivers, tax evasion by corporations and big businesses, money laundering through Nigeria's banks, Malibu oil scandal, the missing $20 billion oil money from the NNPC and the huge cost of governance (many foreign trips by this President and his officials, foreign health care expenditures of state officials and huge salaries and allowances that are paid to Nigerian public officials).
The tens of millions of ordinary Nigerians should get ready for those tough economic realities that await them as we approach the year 2015. Remember that Nigeria is not a manufacturing or an agricultural economy. Nigeria is 100% import-based economy and 100% consumer-based economy. Everything that Nigerians need and use on daily basis are all imported from toothpicks to petrol. The prices of goods and services will go up. Salaries of Nigerian workers will stay the same. The cost of living will rise and the standard of living for the tens of millions of Nigerians will drop. There will be social crisis in the families across this nation. The trade unions will go on strikes, law and order will collapse gradually with the rise in the state of insecurity as well as the menace of the Boko Haram
The ruling PDP and this President have both failed Nigerians. The best practical solution to these problems is for Nigerians to vote out Jonathan Goodluck in 2015 and vote for a responsible, honest, transparent, frugal, patriotic and accountable leader in the person of General Muhammadu Buhari ‪#‎AStitchOnTimeSavesNine‬

Saturday, November 15, 2014

"THE MOST IMPORTANT POLITICAL LESSON FOR APC IN 2015 IN NIGERIA"

The opposition party in Nigeria, the APC should learn a quick lesson from the way presidential campaigns and elections are run in America by the two main political parties, the Democrat and the Republican. America's electorates from the 50 states of the union are divided into 3 voting blocs, blue, red and swing states. The blues states are traditionally for Democrats and the red states are solidly for Republicans. The candidates of both parties always campaign to win votes in those swing states that can go either side and will always decide the winner of the White House.

As it is in Nigeria today, the North-East is for APC, the North-West is for APC, the North-Central is a battleground between the PDP and the APC, the South-South is for PDP and the South-East is for PDP. The swing region in this 2015 presidential election that will determine the next occupant of the Aso Rock is the South-West. Bola Tinubu and his APC governors from the most important region of Nigeria in the 2015 presidential election are the principal deciders of the future of the APC in 2015, either in the Aso Rock villa or not. The largest votes are in the North-West, North-East and South-West of Nigeria.

General Buhari needs two things to win that election. General Buhari needs 25% of the votes in 8 or 9 more states, mainly from Lagos, Ogun, Oyo, Ekiti, Ondo, Osun, Edo, Rivers and Delta. Buhari will also need to win the highest votes in that election which is practically possible from the votes from the South-West, North-East and North-West going for him. Buhari got his 12 million votes in the 2011 presidential election mainly from the North-West, North-East and North-Central and had 25% of the votes mainly from the 16 Northern states of Nigeria.


If Bola Tinubu will not sell out this time around like he did in 2011 and will put the structure of APC in place in the South-West. Buhari and APC will make history from two fronts in 2015, firstly, as the first opposition party to win the presidential election in Nigeria and secondly, as the only Nigerian that contested four consecutive times before winning the presidency of Nigeria. I hope APC will learn one or two simple lessons from this simple political analysis. Time will surely tell. #‎ThePoliticalLessonForAPCIn2015 

Friday, November 7, 2014

"THE AMERICAN GOP SHOULD NOT CELEBRATE THEIR ELECTORAL VICTORY YET"

The GOP that now controls the majority in the two chambers of the US Congress should never forget that their majorities in both houses are not two-third of the membership of the two houses. The green pen of President Barack Obama can easily veto any bill that is passed into law that is not in line with this President's agendas for America. This President is also empowered constitutionally to use his executive power to do things for America without the US Congress. The best way forward for the next two years of the remaining tenure of this President is for the GOP to play a politics of compromise or give-and-take.

Firstly, Obama will never in this world allow the GOP to repeal the health care bill (Obamacare) that is the main signature tune of the achievement of his presidency. Secondly, this President will not also allow the GOP to refuse to do something about the broken immigration law of America without using his executive power to reform our immigration crisis. Thirdly, this President cares about his legacies and he will never allow himself to be made redundant or a lame-duck- President who will not be able to do anything for America for the remaining two years of his presidency.

Fourthly, the GOP should remember that the last Tuesday midterm elections were all local elections in which Obama was not on the ballot directly. This President is never going to be on the ballot again in 2016 for any reelection and he has nothing to really lose. He won both of his elections in 2008 and 2012 respectively. American voters approved his work and gave him the mandate twice. Lastly, President Obama will also do everything within his constitutional power to prepare the White House for the next Democratic President in 2016. The Impeachment of this President is practically impossible and it will be the biggest political suicide for the GOP. This President has not committed any high crimes or impeachable offenses in office to date‪#‎PoliticsIsAGameOfNumberAndAlsoLocal‬

Saturday, November 1, 2014

"THE FUTURE OF DEMOCRACY IS BLEAK IN MOST AFRICAN COUNTRIES"

We Africans love to deceive ourselves in our western type of democratic governance. We suppress opposition parties. We do not believe in the principle of separation of powers as well as checks and balances. We conduct and sanction fraudulent elections as the authentic elections. We put provisions in our constitution that allow our public officials to live above the laws of our nations. We muzzle the press, judiciary and free speech thinking that our democracies have any bright future under those anti- democratic practices and the violation of the rule of law. The recent political development in Burkina Faso that removed the 27 years dictatorship of Blaise Campaore from power is a direct product of our pseudo-democracy. Military will always come back to power in Africa until the day that our democracies in Africa are truly people representative in all ramifications ‪#‎TheFutureOfDemocracyInAfrica‬

"NIGERIANS SHOULD VOTE PRESIDENT JONATHAN GOODLUCK OUT OF OFFICE IN 2015"

President Jonathan Goodluck of Nigeria has failed woefully in almost all the parameters that are globally used to measure any good government in any country of the world today. The Nigeria's national economy is growing only on the government paper and failing to reduce the double-digit unemployment rate and the 80% poverty rate. Today, tens of millions of the hardworking Nigerians are still earning poverty wage, the value of the Nigerian Naira remains fluid and unstable against the international currencies. The inflation rate on goods and services is rising, the nation's foreign reserve is rapidly depleting and her foreign debt is bloating up again.

The insecurity to life and properties of all Nigerians has reached the lowest and the worst level in decades. The war against Boko Haram that is supported with huge yearly budget is a colossal failure. This government has failed to provide Nigerians with electricity, basic social services, modern and affordable health care, functioning 21st century public education and the modernization of our old and overcrowded national infrastructures.
The government has remained passive and indifferent in its fight against the menace of the official corruption and the mammoth state resource mismanagement. This is a government that is functioning on many unresolved financial scandals, such as, Malibu oil deal, petroleum subsidy fraud, $20 billion missing oil money from the NNPC and extra-budgetary spendings that violate the financial regulations and laws of Nigeria.
Any Nigerian who plans to vote for this President in 2015 is either the Nigerian is benefitting from the ongoing corruption and the mismanagement of this country or the Nigerian is sentimental with religious bigotry, ethnic loyalty and geopolitical politics that will never make Nigeria a great nation in all reality‪#‎NigeriaAnd2015PresidentialElection‬