Sales of National Assets

Sales of strategic National Assets- Gen. Obasanjo playing Peoples-friendly Auctioneer!

Once I was discussing the ruinous Nigeria cabals who are in charge of the nation’s economy and the friend said they are smart milking the geo-polities for their bank accounts and I disagreed that they are not smart but right now I over rule myself and agree that they are smart but not smart as we know it   is deviously smart!

The truth is that since the last 20 years the Nigeria cabals apart from criminal loot of the treasury has been on the gradual transfer mind my word transfer not sell common assets to themselves, their cronies and foreign corroborators! You all recall how the General ‘sold’ many nation’s assets and who the general ‘sold ’ the 1004 flats to and how the person sold it at a tidy sum of N4billion to some property giant!

The general in playing his cun-man people-friendly auctioneer role presumably for the cabals which he himself mentioned, said that poor Nigerians would be allowed to join in buying multi-billion Dollars, NNPC, major airports, NLG etc, the general seem to have forgotten the CBN revelation that of all the amounts in Nigeria Banks only 2% of Nigerians own over 90% of the money and the rest of 98% of the population which I believe that the General is playing Angel for own less than 10% of the monies in Nigeria banks we have not taken account of the stupendous amounts same 2% stole from everyone and starched away in several European nations! So now tell me what chance has the poor 98% of the population have in a recessionary economy they are battling to feed themselves and crushing inflation to spare anything to use to buy assets that may be as much as $20billion!? Even if all the monies the 98% of the population had in banks were to be invested to buy the huge assets it would not amount to a hill of beans!

The most painful thing to me personally is that vast number of Nigerians are so stupid and palpably ignorant of the devices and operations of the cabals! The only prayer I have said repeatedly is that may it please the Lord at his own time to configure just one man or woman of courage and instrument of state powers to engage the cabals with vigorous treatment and not only recover stolen national assets but to confiscate all companies created by the cabals because every penny of that investment was milked off Nigerians and various geo-polities!

Folly of Purchase of dollars for storage!

A recent studies revealed that over 50% of daily Dollar purchases in the last nine months were for “preservation” of their individual wealth and not for bringing in any goods or services and since the government announced recession; close to 70% of daily purchase is for “preservation of individual wealth” However, this crazy and fruitless attempt to secure private fortunes has  been one of the major factors driving prices of local and foreign goods to the galaxies and it is believed that it is still the down of disaster on the way! Beware of folly of speculative capitalism!

I will quote verbatim from, “The Rise and fall of The Third Reich” by William Shirer, page 61: to indicate where we might be heading: ‘The fall of the Mark following French occupation of the Ruhr. The Mark as we have seen began to slide in 1921, when it dropped to 75  to USD1, the next year , it fell to 400 to one Dollar and by down of January 1927 to 7000!’ If you read the page further down you would find out that by mid-January same year, it was 18,000! By July it slid to 160,000 to one Dollar. By August 1 it slid to all time low of 1,000,000 Mark to a Dollar! By November 1923 it slid to mind boggling low of 4 billion Mark to one Dollar! That was just actually the beginning, because a year or so after it was going for over a trillion Mark to one Dollar!

So as you are buying all available Dollars and storing away and pushing prices of local produces and imported goods over the galaxies, beware that when some of your relatives dies of hunger you would at least shed off some of the Dollars you have saved to do at least a quick burial and if the relative is close enough, you may have to shed further Dollars to pick up school fees and upkeep of survivors!

As you are already aware, the only thing that employers do with glee in a recessionary economy is to sack workers and cut down expenses and never I mean never salaries increases! So, if you continue to buy and push up the value of the Dollar, have you considered that there would reach a time, when your entire monthly salary may not buy a Dollar!? The fact that is you have not already bought enough Dollar up till now, forget it you are on wild goose chase and fruitless! You are only helping to destroy a plunging economy and destroy everyone as well!

My advice for the government is to make access to genuine request of  Dollar easy in both banks and Bureau De Changes and should map out strategy to mop up all road side Dollar sellers if they fail to streamline their operations to save the Naira from further steep decline and save millions of our citizens from hunger and starvation! Though as far as I can see the cabals care a hoot what the ordinary Nigerians are going through since major pre-occupation is loot of the treasury!

Niger Delta Militants Responsible For Recession- Vice President!

Niger Delta Militants Responsible For Recession- Vice President!

I may want to remind our Vice President, if it would be called that, since to the best of my knowledge the Vice President has been living in Nigeria not to forget that for six years President Jonathan not only kept the economy out of recession but on average kept economic growth at constantly over six percent despite stiff confrontation with Boko Haram; yet less than two years of confrontation with ND militant; the VP takes perhaps the APC blame game to the next level! On the other hand if the VP is right that Niger Delta militants were responsible for recession, it would indeed surprise close watchers of the presidency, if the VP exonerates the Presidency from all blames when you consider the following moves by the President and the Presidency:

Ø  It is a fact that the President suspended most capital projects in the South South and South East and almost none in the North despite these facts a) all the projects both in North and South East and South South were initiated by same President Jonathan. b) There were even more projects in the North than South East South South South West combined! Just to mention but a few: East-West road, Second Niger Bridge and Maritime University.

Ø  Suspension of several allowances carefully worked out by Yaradua administration for the amnesty program in addition to freezing of accounts of some of the heads of respective militant organizations.

Ø  Alienation of other ethnic groups and geo-polities in all appointments into federal parastatals, inordinately favoring the North and in particular his North East. It’s worthy of note that both South South and South East has less than 5% of all appointments in all appointments into Federal parastatals. Someone, once perhaps, rightly described the President’s government; as government of the North by the North East for the North East!

Ø  As is if these statutory anomalies  were not enough, the President has never taking any reasonable action against his roving, ravaging rampaging kinsmen- the Fulani Herdsmen who had killed over five thousand Nigerians and damaged farm produce and properties in excess of half a trillion since the President took power!

If the VP is not expecting any response for these kind of administrative jamboree, then it means there is no point for any further comments on VPs comments and actions.