Daily Trust Sunday

Economy: Buhari not architect of our troubles

What Nigerians can learn from Mark Zuckerberg’s visit

- Prof Mu’azu Nguru is the Chief Executive of Nigeria Arabic Village, Gamboru Ngala, Borno State. Dr. Yemi Osindero wrote from Lagos

This is how some people put it, that Nigeria is bleeding and that President Muhammadu Buhari is responsibl­e. We therefore ask, is Buhari really responsibl­e for our present economic predicamen­t? The answer is, No. President Buhari and his government are not the authors of the present situation. No patriotic leader will like to see his people suffering. Any sound minded Nigerian knows that PMB has not come to create hardship. We must do justice to him and his team. They were invited by Nigerians, particular­ly the masses to come and save this country from total collapse.

During the previous regime, we were living on borrowed funds, even our salaries were paid with money borrowed from other countries. Many state government­s could not pay their salaries

Most wealthy people in the West do not flaunt wealth. Mark Zuckerberg came to Lagos, and he was comfortabl­e doing the things Nigerians consider ordinary. The simple way by which he comported himself showed that earned money is different from stolen money.

Many people must have been surprised at the blandness of his wardrobe? But that shouldn’t be. Mark attended Philips for many months. We are all witnesses to how they were relieved by bailout. Now the federal government pays salary before the end of every month, but before, that was not the case. I am certain that those who say we were better off under the last administra­tion are oblivious of the fact that we were living on borrowed funds. People should look at the huge liability left by the previous government which Buhari’s administra­tion is under obligation to clear.

Nigerians should take solace in the fact that the president and his aides are not interested in looting. We all know that Buhari held exalted and lofty positions in the past, but never looted funds belonging to the country.

We must understand that when Buhari came to power, the economy was already battered. Our foreign reserve had depleted, Exeter in New Hampshire; one of the best college preps in America. They teach these things early in prep schools; character, learning and selflessne­ss. In these schools, blandness is normal; formal dress is an Oxford shirt over plain khakis and penny loafers. Informally, you wear polos and boat shoes. The emphasis is on rigorous academic curricula, athletics and etiquette. America separates their thinkers and creatives early, and nurtures them.

It is important to know that real money is not loud. When money is earned, people just as oil price had fallen. Vandals have also become more aggressive in their activities, thereby causing the country to lose huge sums of money. Furthermor­e, the economic recession we are experienci­ng now is not confined to Nigeria only. Those who are following internatio­nal events can see that it is a global phenomenon. Developed countries too are suffering from it.

In some quarters, some of us are yelling and wailing, blaming PMB for the present state of the economy. Sadly, some of these people were the ones who impoverish­ed the country by their embezzleme­nt.

Instead of the condemnati­on, lets all of us come together to revive the economy by contributi­ng our quota. We must reduce our over dependence on oil. Also let us explore other minerals that abound in the country. By and large, the have-nots work, not because they need money but because they derive joy in doing what they love and contributi­ng to the body of knowledge and to humanity. They know relaxation is a fluke if the contrast of challengin­g work is absent. They don’t waste their lives in hollow pursuits of vain pleasure, material acquisitio­n and conspicuou­s consumptio­n.

How many rich people in Nigeria have really earned their money and contribute­d to humanity? Mark is comfortabl­e in his own skin and has nothing to fear jogging should not allow themselves to be used by those who have as was done to President Mursi of Egypt. I firmly believe.

I have seen some Newspapers referring to the present economy as “Buharinomi­c” meaning Buhari’s economy. This can be translated by people in different ways. Some people may say that Nigeria has never experience­d economic crisis like now, just as another group can say the level of corruption Nigeria experience­d in the past few years can be compared to none. Our Naira is now weightless, while the value of the dollar is continuous­ly going up. We must however understand that this is not because of devaluatio­n, but because it has no base to stand as a result of wanton malfeasanc­e. on Lekki Ikoyi bridge or navigating puddle ridden curbs in Yaba, without the ridiculous immensity of sirens and armed escorts. If you check out their charitable giving, you will be surprised. It is in character; they don’t oppress... they build. They invest in people, not things. They make dreams come true, not shatter them. Real money has a strong sense of privilege and the responsibi­lities that comes with it. Nigerians should learn from this; they should use money to assist humanity

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