Thursday, January 1, 2015

"THE REVEALER" LOOKS AT NIGERIA IN 2015

The presidential election that is slated for February 14, 2015, the collapsing Nigerian economy and Naira, as well as the ongoing national insecurity to the life and properties of Nigerians will be the three most important issues that will affect the 170 million Nigerians either directly or indirectly in 2015. On the oncoming Nigerian presidential election, three things are mostly likely to happen in Nigeria between today and on the day of this presidential election. Firstly, sinister attempt may be made on the life of General Muhammadu Buhari before the day of this election. Secondly, the government of Jonathan Goodluck could evoke the section 135(3) of the Nigerian constitution through the national assembly and based on the security report to stop the INEC from conducting that election due to the Boko Haram insurgency in the North-East of Nigeria. Lastly, President Jonathan Goodluck, INEC and the federal security forces in charge of this election may rig it to favor the reelection of Jonathan Goodluck back to the Aso Rock villa or make it an inconclusive presidential election like the June 12, 1993 presidential election in Nigeria. All of these possible events could lead to a major national crisis that may tear the fabric of the Nigerian nation into pieces.
The Nigeria's economy will not recover from the ongoing drop in the global oil prices due to official corruption, resource mismanagement, oil theft, money laundering, extra budgetary spending, bloated cost of governance, money laundering, tax evasion, over-invoicing of imports, shady import duty waivers and smuggling of goods in Nigeria to evade taxation . The foreign reserves and the excess crude oil account will be further depleted or fully emptied before the year runs out. Nigeria will borrow more money to run her government in 2015 and her foreign debt will increase. The Naira will depreciate further and may sell for about 200 or more Nigerian Naira to one American Dollar. There will be skyrocketing inflation rate on the goods and services in 2015. Poverty and youth unemployment will increase rapidly throughout 2015. The purchasing power of the tens of millions of ordinary Nigerians will drop sharply. The average cost of living in Nigeria will increase. Nigerians will pay more for food they eat, including their accommodation, petroleum products, transportation, health care, utilities (water and electricity), cost of education, goods and services. Taxes on all the imported goods and services into Nigeria will be increased by the federal government to attempt to raise more revenue in order to balance the 2015 budget deficit. Many of the federal agencies, state and local governments will not be able to pay monthly salaries to their workers on regular basis which will eventually lead to the rampant industrial strikes across Nigeria and public demonstrations against the government.
On the national security of Nigeria, the federal security agencies will not be able to stop the Boko Haram insurgency because of corruption that will continue to starve the Nigerian military of those modern fighting tools, up-to-date trainings and demoralize the fighting spirits of their soldiers. These will be the main reasons an effective fighting force against Boko Haram may not become a reality in 2015. The business of kidnapping for ransoms, political motivated killings, Internet fraud, oil theft, sectarian riots, armed robbery and the ritual killings will accelerate across Nigeria unabated in 2015. These developments in the Nigeria's politics and election, economy and security may make this country more ungovernable for this government and this may then decide the final fate of the federating units of Nigeria as one single nation put together by Britain in 1914 ‪#‎Prediction2015ForNigeria‬ 

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