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Buhari: a 20th century dictator cannot lead a 21st century economy

…And that’s why we have views by him such as these samplers:

1) ‘if elected president, I will make the (exchange rate of the) Naira equal to the Dollar’. How unrealistic, to put it mildly. You see, O ‘level economics, including the venerable OA Lawal’s would have sufficed. But you can’t give what you don’t have.(All pun intended). Even the 2nd (China) & 3rd (Japan) largest economies can’t pursue such voodoo wishes. And for a country striving to diversify its economy away from oil, the Buharinomics’ (encapsulated in the above pledge) can only send the economy back to the 20th century.

2) ‘I will stabilise the price of oil if elected president’. Hmm! Nigeria (nay OPEC) stabilise the price of oil? You see, even a cursory (o’level) understanding of oil market and politics would have saved this embarrassing pledge. Saudi Arabia (largest exporter & 3rd largest producer can’t even make such claims – in the light of obvious market & political forces). But this is Nigeria – where those who don’t understand were undemocratically foisted on the nation as minister of petroleum resources and subsequently, Head of State in the 20th century. But this the 2nd decade of the 21st century and Nigerians should know better.

3.’I will fight corruption by drawing a line, such that cases in court would continue, and from then on, no more corruption or you are dealt with’. So what happens to cases not yet found, not yet in the court before the line is drawn? No, according to this ‘magic-wand-line’ strategy, such perpetrators would go scotch free with their loot. Does this strategy tell us something. Yes. In the last several weeks, we have been assaulted by the alleged corruption in Lagos State. And according to the ‘drawing a line’ thesis these would not be investigated, not to talk of recovery and sanction.

There are legion of such statements in the APC campaign, and one wonders: can Nigeria survive with such 20th century solutions for 21st century challenges? No. It would be amount to prescribing death for survival.

Cheers as you read,
Reg Ihebuzor
Sent from my BlackBerry wireless device from MTN


Development and policy analyst with a strong interest in the arts and inclusive social change. Dabbles occasionally into poetry and literary criticism!

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