Still on the need for policy reversal by President Bola Ahmed Tinubu

Thumbs-up 👍 👍 👍 again for President Bola Ahmed Tinubu, the chairman of #ECOWAS, for the reversal of sanctions against B'Faso, Guinea, Mali, and Niger. It remains to be seen if Niger, Mali, and B'Faso will reciprocate the olive branch offered them by dropping their immediate withdrawal from ECOWAS.

In justifying his proposal for lifting of the sanctions during the Extraordinary Session of Heads of State and Government of ECOWAS Member States held on Saturday, 24th Feb. 2024, President Tinubu declared, inter alia, that: “..... However, the sanctions that we contemplated might help lead our brothers to the negotiating table have become a harsh stumbling block. In my mind and heart, that which is hurtful yet ineffective serves no good purpose and should be abandoned.” I would like to use this opportunity to implore Mr. President to also summon courage in his characteristic style to reconsider and abandon his well-intended policies whose implementation modalities are hurtful yet ineffective. Your Excellency, we're talking about the floating of the #Naira, the removal of fuel #subsidy, and proactively the impending removal of #electricity subsidy.

The nation awaits your strategic and humanitarian direction sir.

Bolaji Oladejo.
#cbn #nnpc #nerc

Thumbs-up for Mr. President, State Governors, and the National Assembly

Thumbs-up 👍 👍 👍 for Mr. President, State Governors, and the National Assembly for being on the same page and reading the same paragraph about the establishment of state police. 

Your Excellencies, Distinguished Senators, Hon. Members of House of Rep. and State Houses of Assembly, I humbly wish to propose that the next logical paragraph to be read loud and clear in unison should be #LocalGovernmentAutonomy and #CommunityPolicing. 

History beckons at you to have your name written in gold.

Bolaji Oladejo.

Might of economic modellers in Bretton Woods or plight of Naija sufferers 'in the woods'

It's not even a matter of some socio-economic indicators from National Bureau of Statistics or other sources. It's a matter of practical socio-economic realities staring us in the face and banging in our ears. Even the few who don't feel it much can see it and they can hear it.

It's the current socio-economic situation that has been hitting hard since the sudden removal of fuel #subsidy and floating of the Naira #exchangerate. Can you imagine the impoverishment of the current level of poverty if subsidy is also removed from electricity? We all know that difficult policies sometimes bring gains but, experientially speaking, the gains have always been squandered by unscrupulous opportunists.

These World Bank/IMF prescriptions, which have come under different 'beautiful' names in the past, such as the Structural Adjustment Programme (SAP) and the Second-Tier Foreign Exchange Market (SFEM) of 1986, have never worked for us. They're currently not working and, considering the menace of #corruption and mismanagement of the very little palliatives by public officials, I don't think they will ever work.

I believe Mr. President, state governors, and other leaders mean well in trying to bring a new socio-economic lease of life to the people and the least we can do as patriotic citizens is to strengthen them with technical, moral, and prayer supports.

This Bola Ahmed Tinubu's government has demonstrated more than once that it is a listening government by reversing policies that didn't go down well with the people. We believe that it is the same listening government that we're dealing with and that the government still has the strength of will and character to reverse these policies that have brought unintended untold hardship to the populace. We equally believe that, by the time the policies are courageously reversed, individuals and businesses that have been hiding and profiteering behind the needle of fuel and dollar will have no place to hide.

I am without doubt a friend of the government who wants the government, democracy, and Nigeria to be enviable success stories. And they really can be. But, as it has always been, especially in our contemporary times, governments at all levels are still full of 'repairers' who bring their society to a state of disrepair. Our leaders have an urgent duty of purging some of their current political and bureaucratic appointees and henceforth beaming their lights on who they appoint into public positions. This is an important success factor.

As far as the current socio-economic challenges are concerned, the success of this government will also depend on whether our leaders are sensitive to the might of economic modellers in Bretton Woods or the plight of Naija sufferers 'in the woods'.

Your Excellency sir, Asiwaju Jagaban, eyin lokan lati se'joba daradara. Olorun a fun un yin se.

Bolaji Oladejo

#inflation #world bank #IMF