But the Nigerian Govt does NOT know how to spend money. There is simply no capacity or institutional knowledge or pipeline through which what you’re saying they should have done could have been achieved. Quite harsh
Saving was fine to do. Mobilising the private sector to roll with the government in the same direction is the tricky but most beneficial part. The current Govt does not even believe in that so it’s a non starter
Imagine the FG announcing something like New Deal right now. It will be an absolute nightmare. Go back to Keynes - if you concentrate economic power in Govt hands you encourage people to mobilise and make unrelenting demands on Govt
All this #CabalAlert we are doing everyday is all linked to that very idea. If FG announces it has $10bn to spend on infra today, the frenzy will be so crazy that guaranteed, 90% of the money will be wasted.
This is why Buhari and people like Abba Kyari with their champagne socialism are a complete waste of time. Merkel brought Volkswagen to Nigeria and they signed an agreement with the FG. Just pause and think about that. The FG
These people want to concentrate economic power in the hands of Govt so they can then dole it out as favours to whom (people or sectors) they please. It’s their ideology - they won’t willingly give up any economic power because it’s raw power to be used in their eyes
After nearly 4 years of this shithousery, NNPC is on the ascendancy and the govt is doing rice fair. Their signature rail has practically no private sector involvement. FIRS completely out of control. Look at the broad patterns and link them. It’s ideology
PDP midwifed a multibillion dollar telecoms industry from ZERO. There is no way on this earth the same thing could ever have happened under these fake APC progressives. Never ever. Maybe PDP were busy stealing but they had the ability to leave things alone
The big lesson from all of this is counterintuitive - when the economy is teetering, weak or in crisis, don’t ever vote for these fake progressives. They have no answer times like these. When things are ok-ish and oil is $100, you can vote for them. But never in a crisis
