Is Nigeria doing better since 2023? Short answer: Hell NO!! Long answer: it depends on who you are and where you play.
For those who depend on capital markets and the FX market, the stability is a breath of fresh air. Emefiele and Buhari were idiots. Cardoso is great.
For those in the streets, things simply got worse. I have sent more to assist family members in the last 3 years than at any time in my life. Poverty increased.
The top-down approach will NOT work unless there are major interventions at the bottom. Dangote, Elumelu, or Otedola will not fix our roads or provide security; that is the government's job.
A healthy Nigeria at the bottom also benefits those at the top. I don't believe we have the luxury of things trickling down again. Remittances may be at great risk amid nationalist agitations and movements abroad.
Depending on the Diaspora to keep supporting a nation is impracticable. That was what Emefiele banked on for years, and it never worked. The Diaspora is tired. People are also thinking about their own lives and futures. Jobs are being lost, and AI is eating up the world.
If we don't build up our nation today, we will have no nation one day. We are slowly moving from Abegistan to TerrorStan. Security and Infrastructure should be priorities. A healthy foreign reserve balance doesn't help the man on the streets.
A new Nigeria is POssible when Nigeria is OK.
@asemota How do we get INEC to be independent? That's the question.
The last election revealed that INEC should not be trusted. Where are the reformation and who will get these reforms working? Big chief NGMI
“You can resolve to live your life with integrity. Let your credo be this: Let the lie come into the world, let it even triumph. But not through me.”
—Alexander Solzhenitsyn
@gechife@ChifeDr Wow, same here, this was the first gift I got from my husband @StephenSule11 he is a musician and loves jazz too, I guess @ChifeDr has love for jazz too.