FLIMSINESS
It is laughable how Nigerians are so concerned about a
purported (or possible) withdrawal of the 2016 budget from
the NASS. I think what should concern any right thinking and
serious minded individual now is that the price of crude oil is
$30.4/barrel of crude oil while the budget is based on $38/
barrel of crude oil.
Nigerians should have grave concern that oil price may
plunge further and may even reach a disastrous range of
$20/barrrel of crude of oil. That means that no budget
presented now based on the price of oil can stand. The
situation is as good as Nigeria begging the funding agencies
to fund over 90% of her budget. If you understand the
implication, you will know that our national security is under
threat.
Nigerian economy, in spite of the touted diversification, is
still largely dependent on oil proceeds. We might laugh it
away as a "Buhari" problem or failure of government but then
more jobs will soon be lost. Blaming the governments to high
heavens cannot stop this from happening. It is an economic
reality. Governments at all levels will default in the payment
of salaries. These are felt in your pockets and families and
not just a Buhari problem. Contracts already awarded will be
stopped and the scraped roads will deteriorate all the more.
The final effect, as you can guess, will be increased
hardship.
We must understand that this is not the time for party
politics or name-calling. These days require the greatest
show of patriotism and joining of hands to pull through this
period of recession. The government must carry Nigerians
along and Strategic communication and positively structured
propaganda is key in moments like this.
We must pray for Nigeria and work even harder at doing what
is right to make our country great. Any failure in government
spells doom for her citizenry. Nigeria must be facing her
worst economic crisis in over 25 years. Get ready for
increased hard times.
Peace to you all.
No comments:
Post a Comment