NASS leadership and plight of Nigerians

The dispute about how much parliamentarians particularly in the Senate are paid as constituency allowances gave some of us observers cause for worry. The amount of billions ofeach MP gets, if true, demonstrates either insensitivity or outright irresponsibility. If true in a country where the monthly minimum wage is a mere N35,000, it amounts to dangling a red flag before a raging bull.

Is the way the government is spending money the way we are going to get out of our economic mess? This is at a time when the inflation is well over 25% and when the Naira is virtually worth nothing internationally. There must be a rational reason for our parliament to be behaving as if it wants to bring the roof down on our heads.

Those of us who are old enough can still remember when the Naira was king in West Africa and among global currencies. In the 1970s and 1980s, the Naira exchanged at almost two dollars to one Naira; we bought cars for anything from N2000 to N10,000 and this ranges from Japanese cars to German Mercedes with French Peugeot selling from N3000 to N5000.

Our problems started with the stupendous increase in our national revenue following the Israeli-Arab war of 1973 and the Arab oil embargo which spiked the price of crude oil and Nigerian oil revenues. The military intervention in Nigerian politics from 1966 to 1999 with the thieving Shagari interregnum, released the corruption genies from the bottle and we have not been able to put them back until now when we seem to have lost total control of our economy.

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