Let us get serious. Everything we eat, our basic housing for the poorest among us, the clothes we wear, and or security, should be irreducible minima that we must provide ourselves. We are damn too lazy, deluded and cocky for no reason in this country.
Regarding Buhari’s latest bombshell, we can take him apart for boasting about how he instructs the CBN on monetary policy – a terrible image damage for the bank. We can shred him for delaying a policy that could have jumpstarted his first tenure. We must also castigate him for instituting that policy when there is no mass mobilisation on the ground to ensure Nigerians fill that space, and so with this policy, basic items will elude some of our most-vulnerable people.
I supported the Milk Initiative too. That one came first, perhaps as a precursor to what government had in mind for that sector. I believe – just as does Emefiele – that milk production should not be rocket science. But I had an even more profound reason for supporting a forex restriction on milk; the argument on Ruga should now move away from tribalism to business. We had started hearing of long-forgotten ranches and farm settlements, especially in the South-West of Nigeria.
But the more surprising resistance I have seen to government policies recently is the reaction of many bankers and ex-bankers, as well as right-wing economists, to the expansion of the Assest Management Corporation of Nigeria ’s powers. Here we are, with a few guys sitting on trillions which can turn around the whole economy.
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