Introduction
Welcome to a new week.
Last week was filled was fast paced. Story upon story. Thankfully, we made it to the end.
This post will look at some of the happenings of last week.
How 4th Became 1st
In an amazing turn of events, the 4th would be come first in Imo state.
You can read all the sordid details of the case here.
I am short of words at the happenings but not surprised. Nigeria has been synonymous with new lows in recent times.
Every time you think it cannot get any lower, it does.
As an engineer, I thought about how 1st could become 4th.
Haven’t you heard of modulus?
It is represented by the % symbol. It is the whole number remainder when you divide one number by another.
4 % 4 = 0
0 + 1 = 1
The proof above should suffice for the mathematically curious.
Forex Intervention
Last year, we spent close to 17 Billion Naira for the defence of the Naira.
No longer is our exchange rate an indicator of our productivity, it is now a measure of how well we can do Currency Warfare.
Such a regime is unsustainable but in this foolhardy administration, the continuation of foolish policies without recourse to common sense is notable.
The first forex intervention happened last week.
Who gives a damn if our banks cannot hold their water?
Group Economics
It wasn’t all doom and gloom.
I would read a story about a group of women who would combine forces to build a 5 storey building in Kenya.
It points to the fact that in unity, there is power.
Amotekun
We all knew that the killings in the country could not go unanswered.
Although slow in coming, the Governors of the South Western states have decided to unite for the defense of their states.
This move marks the beginning of the end for the union called Nigeria.
It has been criticized by the North. Yet, they are unable to state on what basis makes the Hisbah legal and Amotekun illegal.
What will be left will be for other states to follow.
Amotekun means Cheetah in the Yoruba language.
Grid Collapse
It is only common sense that a nation that plans to go to space should have light on earth.
Last week on Thursday, 16th of January 2020, the national grid collapsed.
It would be the first collapse of the year. Nigeria has refused to apply any metric of wisdom in dealing with this problem.
VAT Increase
As if the suffering of Nigerians under bad government policies is not enough, the government has decided to increase the Value Added Tax (VAT).
You can see the announcement below:
Not that it will do much good to the economy as the problem with the country is one of capacity.
What Does the Future Hold?
This article covers a possible future for Nigeria.
The writer brings no original thinking to the article and if you read any “Africa Rising” narratives last decade, it is in the same class.
How it Could All End?
Could Nigeria suffer the same fate as Venezuela?
The article gives a harrowing picture of people leaving a defunct nation.
Jetting Off
Despite all the problems in the country, the President is out of the country for another pointless trip.
This time he didn’t slither off. He met with some of his people.
Conclusion
The above image covers all my feelings about Nigeria this week.
Thankfully, the world has been here before.
Have a great week.