Veteran Comedian Alibaba speaks on the state of the economy and suggests
a way out by creating new sources of revenue. Read below.
"The economy will remain like this for a long while. Because the strings
that pull us into dire straits are still pulling us even much stronger.
How did we get here? We were making so much from oil and neglected all
other sources of revenue.
We did not only neglected those sources of revenue,
we did not invest the revenue from oil in infrastructural development of
the country. We were not futuristic in our planning either. Did we
increase the number of hostels in our universities to accommodate the
new numbers of students? Pay teachers well? Did we build more roads to
take care of the millions of cars and transportation needs? Did we
improve the services of the police force? Did we use the money to build
better hospitals? Did the new industries create more jobs? Did we
improve our power supply? Did we have stronger and modified laws that
made sure that people who broke the laws were punished adequately to
discourage others? Did we tidy up our pension scheme so that people are
assured that they did not need to steal to assure themselves of better
retirement? What have we done to reduce cost of administration? What
kind of enabling environment has government created to grow the economy?
What have we done to ensure the right people got elected? Have we
developed our tourism potentials to attract foreign investors and
revenues? Better banks? What have we done to curb corruption? What steps
have we taken in the direction of housing? Who has security votes
helped? We have failed to do all of that... NOW OUR ALMIGHTY crude
prices that were our saving grace are low. The production is even nearly
non existent, thanks to militants. There are backlog of owed salaries?
Uncompleted projects. Dead refineries. High unemployment and huge
numbers of the unemployable. We are borrowing. EVEN JESUS CAN NOT SAVE
US unless we create new sources of revenue. What do I know SEF? Shebi I
am an ordinary comedian? I dey look."
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