Nigeria: Africa’s Fallen Giant And The Reign Of Political Kleptocracy

Nigeria, Africa’s populously, self-styled titan is currently being enmeshed in the labyrinth of an economic tornado – a situation best termed recession by analysts.

But take note! The worst is yet to come, as the country embarks on two of its most probationary and threatening months in December and January; the period when the tornado collides with a volcano.

Aside recession, these months are the ‘moment in time’ when Nigerians spend more due to the Yuletide festivity. But with the recession, it might just be the hardest two months in the history of the West African nation, since gaining Independence – an augury fuelled based on noticeable indications.

 

Tornado, a deadly whirlwind, is being adjudged by the connoisseurs of Environmental Science and Geography as a nursling to a volcano in the hierarchical stratum of natural disaster. But that does not permit you the audacity to write the wild storm off.

With the core of the country already ruptured by the repulsion of a tornado, these months will insidiously unleash the unsympathetic magma existing in the epicenter of a scorching volcano upon the ‘downtrodden’ citizens of Nigeria.

It is a no-brainer to comprehend that Nigeria at 56 is but a reflection of bereavement to colonial departure from within this territory.

It is a figurative elucidation in euphemism that commemorates the oblivious exultance of a yearly national declination in age.

It literally tells you how citizens in ignorance celebrate the nuptial union between two ignoble lovebirds – Mr. Corruption and Mrs. Decadency – and how the conjugality in consummation birthed the myriad of untoward sufferings faced by Nigerians.

 

The Naira bleeds each day at the parallel market, trading between N450 – N500 to a Dollar, even as the price of crude oil continues to weep at the global market courtesy the vicious yet vivacious activities of a certain sabotaging cult within the creeks of the Niger Delta.

Regardless of the parley meeting on ceasefire held between their delegates and the Muhammadu Buhari led government, the dauntless Niger Delta militants, reeked of ‘secessional’ desperation, betrayed the armistice and then embarked on another level of vandalisation of oil pipelines.

The unending spasm of hostilities on pipelines by the militants have cost the West African country a whopping lost of more than N1.8 trillion in oil revenues since the resurgence of militancy in the oil-rich Niger Delta region – truncating the output to the lowest in almost 30 years.

General Buhari’s Speech During Nigerian Army Day Celebration In Zamfara

General Buhari’s Speech During Nigerian Army Day Celebration In Zamfara

Barring any unforeseen circumstance, speculators at the higher echelon of authority, have postulated an alarming rise in the price of commodity.

The Minister of State for Agriculture and Rural Development, Senator Heineken Lokpobiri, had in September, raised the alarm to Nigerians of the possibility of paying a huge sum of N40,000 for a bag of rice by December.

The Senator also stressed that unless the federal government begins to indulge in the production of rice, the price would soar to N40,000 from its current N26,000.

The minister was bringing the grim reality to light at a time when the average Nigerians were scurrying for refuge from the gale of retrenchment, unemployment and salary diminution following the colossal impact of the recession on industries in the country.

Few weeks later, Mallam Garba Shehu, the senior special assistant to the president on media and publicity, warned of an impending shortage of food in the Nigerian markets by January 2017 due to a huge demand in the global market while targeting the country’s surplus production.

In an interview with Pyramid radio, President Buhari’s spokesman quoted the Ministry of Agriculture as raising concerns about a massive rate of exportation, which could lead to a shortage of grains in Nigeria by January.

“This noble plan could easily be defeated by the pull of the foreign market if food continues to leave our shores to feed people elsewhere. If care is not taken, Nigeria could face a famine by January,” Garba stressed.

While Nigerians flounder in the spectre of the food scarcity, reports started to gain impetus of an alleged 7-year-old boy, who was beaten and burnt to death in Lagos state, for attempting to steal garri (staple commodity).

Although details from the crime scene remained conflicting and incoherent, the execrative grip of jungle justice was meted out on the young man in the morning of Wednesday, November 16 with reliable reports acknowledging that the suspect was a member of a notorious gang, caught while trying to steal people’s phones and money at Orile-Iganmu.

In the same way, a semi jungle-justice was apparently dished out to Nollywood filmmaker, Seun Egbegbe, an estranged lover of popular actress, Toyin Aimakhu, who was accused of stealing nine iPhones, from Keelcech Innovation, a store in Computer Village at Ikeja.

Regardless of  a statement of rebuttal issued by him, denying that he was neither arrested nor beaten by any mob, sources in the Lagos State Police Command confirmed that he spent some nights at the Area F Command and was subsequently dragged to court.

Before this time, a Ponzi scheme had arrived on the scene, out of the blue, to assure Nigerians of financial redemption – an assurance that did not go too well with the federal authorities.

 

Back to home page