• Latest
  • Trending

𝐃𝐢𝐬𝐬𝐨𝐧𝐚𝐧𝐜𝐞 𝐚𝐧𝐝 𝐏𝐚𝐫𝐨𝐝𝐲: 𝐓𝐡𝐞 𝐏𝐫𝐞𝐬𝐢𝐝𝐞𝐧𝐜𝐲 𝐀𝐧𝐝 𝐑𝐮𝐥𝐢𝐧𝐠 𝐏𝐚𝐫𝐭𝐲 𝐌𝐮𝐬𝐭 𝐋𝐞𝐚𝐝 𝐁𝐲 𝐄𝐱𝐚𝐦𝐩𝐥𝐞 – 𝐔𝐠𝐨𝐣𝐢 𝐄𝐠𝐛𝐮𝐣𝐨

July 22, 2023

Kidnappers Set 24-Hour Ransom Deadline for Abducted NYSC Graduates

October 3, 2026

JANE MCDONALD ANNOUNCES FINAL FAN CRUISE FOR 2027

October 3, 2026

Swollen Ankles? NHS Explains Possible Heart Warning

October 3, 2026

Journalist’s Final Holiday Ended in Crocodile Attack

October 3, 2026

BEDBUG SIGHTINGS FORCE TRAIN CANCELLATIONS IN SOUTHERN ENGLAND

October 3, 2026

DELTA TEENAGER: “NICE MONEY” LURED ME TO HOTEL

October 3, 2026

IMO ABDUCTION: ABDUCTORS DEMAND N950M RANSOM FOR 19

October 3, 2026

UNITY HIGH SCHOOL ALUMNI INAUGURATE NATIONAL BODY, PROMISE SCHOOL DEVELOPMENT

October 3, 2026

CAN VOWS TO CRITICISE GOVERNMENT WHEN CITIZENS SUFFER, RIGHTS ARE THREATENED

October 3, 2026

MOTHER, 35, KILLS FOUR-YEAR-OLD DAUGHTER, SELF AFTER CUSTODY LOSS

October 3, 2026

IG DEPLOYS DIG, TWO CPS TO IMO OVER ABDUCTION

October 3, 2026

US Congressman Hails Reported Arrest of Nigerian Security Suspect

October 3, 2026

“A POLICE BULLET ENDED MY PROMISING CAREER”, EX-PAPA AJASCO VIDEOGRAPHER RECOUNTS

October 3, 2026

GROUP TARGETS 200,000 VOTES FOR MAKINDE IN EKITI

October 3, 2026

Opposition Coalition Considers Runoff Strategy

October 3, 2026

IRAN EXECUTES MAN LINKED TO JANUARY PROTESTS

October 3, 2026

BBNaija Finale: Nine Housemates, N160m Up for Grabs

October 3, 2026

Ebonyi Widow: “They Want Me Out of My Husband’s Home”

October 3, 2026

Adeda’s Death: Teachers Speak on Alleged Transfer Fees

October 3, 2026

Poison on the Plate: ValidViewNetwork Announces Fifth Monthly Global Discourse

October 3, 2026

Tinubu To EFCC: You’ve Made Us Proud!

October 3, 2026

Lagos State Varsities Shutdown as Four Unions Begin Indefinite Strike

October 3, 2026

MFM and First Bank Clash in Zenith Bank League Final

October 3, 2026

Joshua and Fury Set for Record Paydays on December 11

October 3, 2026

Lagos Ring Explodes: Phyna Knocks Out Nkechi Blessing, Efe Stops Darlington in Epic Showdown

October 3, 2026

Doxxed and Terrified: Woman Sues Gym Instructor Over Viral Smear!

October 3, 2026

MTN Insider Dumps Stake

October 3, 2026

2027: G100 Weighs Run-Off Option As Atiku, Obi Resist Single Ticket

October 3, 2026

How Soyinka, Clark Shaped My Discipline, Punctuality — RMD

October 3, 2026

Fela FC Thrash Future Heroes to Lift 2026 MTN Independence Cup

October 3, 2026
ADVERTISEMENT
  • Home
  • BREAKING NEWS
  • Tech
  • Entertainment
  • Lifestyle
  • Education
    • Sports
  • CONSULTATION
  • Shop
ValidView Network - Breaking News, Nigerian News, Nigerian newspapers, Entertainment, Videos, Sports, Business and Politics.
ADVERTISEMENT
  • Home
  • BREAKING NEWS
  • Tech
    • All
    • Apps
    • Mobile

    FUNAAB DON URGES FG TO BACK HOME-GROWN TECHNOLOGY FOR INDUSTRIAL GROWTH

    Nigeria Taps Thales to Build NigComSat-2A Satellite

    From ₦300,000 Scholarships to Jobs: OPay Signs 10-Year Student Development Deal With FUNAAB

    Super Intelligence: Trump rejects AI regulation calls, unveils new terminology at UN

    Meet the Nigerian Surgeon Who Operated on a Patient 500km Away

    Trump TV Is Now Live: Inside the White House’s New 24-Hour Stream

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • CELEBRATIONS
    • Gaming
    • History and Culture
    • Movie
    • Music
    • Sports

    JANE MCDONALD ANNOUNCES FINAL FAN CRUISE FOR 2027

    BBNaija Finale: Nine Housemates, N160m Up for Grabs

    Joshua and Fury Set for Record Paydays on December 11

    Lagos Ring Explodes: Phyna Knocks Out Nkechi Blessing, Efe Stops Darlington in Epic Showdown

    How Soyinka, Clark Shaped My Discipline, Punctuality — RMD

    BBNaija’s Keivo Breaks Silence After Disqualification: “My Emotions Took the Best of Me”

  • Lifestyle
    • All
    • Health

    Swollen Ankles? NHS Explains Possible Heart Warning

    Doxxed and Terrified: Woman Sues Gym Instructor Over Viral Smear!

    A New Era for Canadian Medicine: Dr. Bolu Ogunyemi Takes the Helm

    FMC Abeokuta Plans Transfer of Worker Accused by Student Nurses

    Farounbi at 82: ValidViewNetwork Celebrates a Living Archive of Nigeria’s National Experience

    Independence: Ohaneze Ndigbo Seeks Dialogue, Reconciliation Over Kanu

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Education
    • Sports
  • CONSULTATION
  • Shop
No Result
View All Result
  • Home
  • BREAKING NEWS
  • Tech
    • All
    • Apps
    • Mobile

    FUNAAB DON URGES FG TO BACK HOME-GROWN TECHNOLOGY FOR INDUSTRIAL GROWTH

    Nigeria Taps Thales to Build NigComSat-2A Satellite

    From ₦300,000 Scholarships to Jobs: OPay Signs 10-Year Student Development Deal With FUNAAB

    Super Intelligence: Trump rejects AI regulation calls, unveils new terminology at UN

    Meet the Nigerian Surgeon Who Operated on a Patient 500km Away

    Trump TV Is Now Live: Inside the White House’s New 24-Hour Stream

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • CELEBRATIONS
    • Gaming
    • History and Culture
    • Movie
    • Music
    • Sports

    JANE MCDONALD ANNOUNCES FINAL FAN CRUISE FOR 2027

    BBNaija Finale: Nine Housemates, N160m Up for Grabs

    Joshua and Fury Set for Record Paydays on December 11

    Lagos Ring Explodes: Phyna Knocks Out Nkechi Blessing, Efe Stops Darlington in Epic Showdown

    How Soyinka, Clark Shaped My Discipline, Punctuality — RMD

    BBNaija’s Keivo Breaks Silence After Disqualification: “My Emotions Took the Best of Me”

  • Lifestyle
    • All
    • Health

    Swollen Ankles? NHS Explains Possible Heart Warning

    Doxxed and Terrified: Woman Sues Gym Instructor Over Viral Smear!

    A New Era for Canadian Medicine: Dr. Bolu Ogunyemi Takes the Helm

    FMC Abeokuta Plans Transfer of Worker Accused by Student Nurses

    Farounbi at 82: ValidViewNetwork Celebrates a Living Archive of Nigeria’s National Experience

    Independence: Ohaneze Ndigbo Seeks Dialogue, Reconciliation Over Kanu

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Education
    • Sports
  • CONSULTATION
  • Shop
No Result
View All Result
ValidView Network - Breaking News, Nigerian News, Nigerian newspapers, Entertainment, Videos, Sports, Business and Politics.
No Result
View All Result

𝐃𝐢𝐬𝐬𝐨𝐧𝐚𝐧𝐜𝐞 𝐚𝐧𝐝 𝐏𝐚𝐫𝐨𝐝𝐲: 𝐓𝐡𝐞 𝐏𝐫𝐞𝐬𝐢𝐝𝐞𝐧𝐜𝐲 𝐀𝐧𝐝 𝐑𝐮𝐥𝐢𝐧𝐠 𝐏𝐚𝐫𝐭𝐲 𝐌𝐮𝐬𝐭 𝐋𝐞𝐚𝐝 𝐁𝐲 𝐄𝐱𝐚𝐦𝐩𝐥𝐞 – 𝐔𝐠𝐨𝐣𝐢 𝐄𝐠𝐛𝐮𝐣𝐨

ValidViewNetwork by ValidViewNetwork
July 22, 2023
in Opinion
0 0
0
Home Opinion
ADVERTISEMENT
490
SHARES
510
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT
Spread the love

By 1976, the alarm bells had started ringing. Before then, the country had had so much money it didn’t know what to do with it. But by 1976, corruption and profligacy had settled on indolence and seized the country by the throat. Food production had been plummeting, but nobody bothered because the public had developed a gluttonous appetite for foreign goods.

Then Obasanjo and crew woke from slumber and launched Operation Feed the Nation. The civil war had taught them how to use propaganda. That operation didn’t reach the farms. It ended on radio jingles. Wanton wastefulness and sybaritism complicated by incoherent thought at the highest levels didn’t allow any practical purposefully coordinated activity. Perhaps our priority was Festac 77, so we ended the era in a cement armada. That was a parody.

Shagari and company came in 1979. Like intoxicated sailors, they steered the country with a broken moral compass into rough waters of laziness and vanity. But while doing that and staring at jarring agricultural output and balance of payment figures, they replaced the moribund Operation Feed the Nation with a more lyrical Green Revolution. Behind that green facade, politicians imported luxury rice and wines, premium canned fish and meat, and partied hard. By 1982, the country’s foreign reserve had all but disappeared.

So the government decided to paper over the crack. They got busy in the parliament and conjured up a new bill. Economic Stabilization Act of 1982, they called it. The Act was a halfhearted attempt by a dissipated crew to check the drift. Our sailors were still jaded and unrepentant. That legislative instrument of desperation raised excise duties and taxes and removed some subsidies. Indeed, the Act should have been named Economic Rescue Act. Because stabilization suggested that the ship of the economy hadn’t run aground. The oil boom had gone bust, but our frantic sailors were still high on foreign liquor.

Advertisement. Scroll to continue reading.
ADVERTISEMENT

The military came in at the end of 1983. When they arrived, the nation had a paltry 2.8 billion dollars in foreign reserves. Too little money to fund imports for more than one month. Buhari and company, summarily, introduced Austerity Measures. To their credit, that was the first time a government thought attitudinal changes were as important as the withdrawal of subsidies and tax increases in solving economic maladies. The War Against Indiscipline. That government lived frugally. But many of its policies were so draconian that it couldn’t attract foreign investments to grow the economy. The restriction of free market was asphyxiating.

After Buhari was overthrown in 1985, Babangida announced his Economic Emergency. Following that Emergency fiasco which lasted 15 months, the economy contracted by more than 8 percent. Dissonance had returned in full force. Dissonance is a marked disparity in what a preacher says and how he lives. The government preached one thing and lived the opposite. With the economy refractory to his ineffectual elixirs, Babangida devised the notorious Structural Adjustment Program SAP.

Strikingly, all the attitudinal changes Buhari had tried to institute were undermined by Babangida’s legendary permissiveness. Though his policies lacked a human face, his government lacked basic moral scruples. The haphazardly implemented program that preached fiscal discipline but managed to enthrone systemic sleaze left the country financially and morally dissipated. Dissipated to dissoluteness.

When a beleaguered Babangida stepped aside or jumped off the ship and ultimately paved the way for Abacha to usurp the throne, the country was contending with a major political tornado. With the benefit of hindsight, Abacha was the most hypocritical of the lot. A taciturn Pharisee. While setting up failed banks and failed contract tribunals to clean up the polity, he looted the country into anaemia. That was the man that hallucinated Vision 2010.

The pattern has never really changed. So we can safely march on to the present. President Tinubu has come with the guts to confront the situation. The ship is floundering in rough waters. Jagaban has courageously yanked off the petrol and dollar subsidies and thrown them overboard to lighten the vessel. He plans to be combative on taxes. The enlightened consensus is that he has used his scalpels diligently on the public side of the wound. The wound had festered and the pus had to be drained. Pain is inevitable. Once again the public has been sent reeling by spiraling inflation and miserable living conditions. But while the public is grappling with food and fuel and tormented by insecurity, newly elected govt officials are again partying like school boys on summer holidays. At every turn, a politician is hiring aides like a buffoon. The government has used the surgical blade on the public but has done nothing to trim government profligacy, gluttony and vanity. Tinubu must circumscribe his government.

President Tinubu should know that if he removes all the subsidies in Nigeria and throws a tight band around the belly of the nation to flatten it , he might achieve nothing if he doesn’t institute stricter measures to squeeze out profligacy and corruption from government offices and treasury. Nigeria has never lacked economists and economic policies. Obasanjo, Buhari, Babangida, and Abacha had them all. What the country has lacked is the political courage to institute frugality, probity, transparency, and accountability. To be sustainable, any attitudinal change must start from the top and must be seen in the personal lifestyle of the president and his men. Then it can diffuse to all governments in the country. A cost-cutting mentality that prioritises production over consumption.

Do you want to share a story with us?
Do you want to advertise with us?
Do you need publicity for a product, service, or event?
Contact us on WhatsApp +2348033617468, +234 816 612 1513, +234 703 010 7174
or Email: validviewnetwork@gmail.com
CLICK TO JOIN OUR WHATSAPP GROUP
ADVERTISEMENT
ADVERTISEMENT

President Tinubu must begin his moralising with the presidency and the ruling party. Only principled governance and politicking can save the nation. The civil service is a gas-guzzling smoke-puffing rickety bolekaja. True reform of the civil service and military must start with a reformation of the presidency and the ruling party. The president must lead by example. If he exhibits a cost-cutting mentality around the presidency by being spare, others will emulate. Positive symbolism is critical. The decapitated EFCC has become an orphaned and tailless cow tormented by flies. It’s a moral tragedy. If the president installs a buffoonish rogue as his party chairman then the party can’t sell any moral ideas to anyone. If the president removes the petrol subsidy and retains some subsidy in corruption that allows indicted politicians to peacock about in the corridors of power, his reform will become a parody.

Only strong moral leadership can rescue this country. Our leaders are still living subsidised opulent lives. Pain and anguish may be corollaries of effective therapy. But both monkeys and baboons ought to be united in it. Decreeing misery for the monkeys while baboons live out their fantasies in wantonly pampered lives is a display of naked dissonance, a comical parody, that will birth an armageddon.

Previous Post

First Petrol Product From Dangote Refinery Out In August

Next Post

Horrors In Zimbabwe, Do Not Lose Guard:A Note To David Hundeyin – Folashade Oshun

ValidViewNetwork

ValidViewNetwork

Next Post

Horrors In Zimbabwe, Do Not Lose Guard:A Note To David Hundeyin - Folashade Oshun

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get the latest news from ValidViewNetwork
Loading

SPONSORED ADVERT

SPONSORED ADVERT

As the Lord liveth, you are feeling bushing this 6th month better and stronger than the way you started it in Jesus Mighty Name. Our angels of good news shall locate us this month. Shalom!

  • Home
  • BREAKING NEWS
  • Tech
  • Entertainment
  • Lifestyle
  • Education
  • CONSULTATION
  • Shop

© 2022 ValidViewNetwork - Website Developed by HaybeeMultimedia.

No Result
View All Result

© 2022 ValidViewNetwork - Website Developed by HaybeeMultimedia.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist