BREAKING THE RIDDLE
I believe it is not fair and not only not fair but very unfair if not grossly unfair to allow an individual or a corporate body to owe more that he/she/it is worth. I believe also that this is one of the reasons that those who are versed in financial regularities will undobtedly agree to a scrutinized assessment of an individual or as it may be, before issuing out a loan commitment/s. I do also believed, no reasonable financial practitional will realease the exact value of the entity, especially if such an entity is tagged ''unstable'' Like this, man is unstable; he could fall sick, could have an accident, he could be nice today and not tomorrow e.t.c. So, a resonable funds manager will create a sort of a buzzer zone to accomodate the possible changes; let's get it straight, if you are worth 1 million, a fund manager will not give you a loan of 1 million, it will be less to accomodate possible changes especially downwards.
Except any one of us have problem with the analysis above, then it's right and fair to say no one is poor in Nigeria considering the report that indicated that at the end of March 2012, Nigeria's total debt stock stands at N6.8 trillion ($44 billion), that seemed to be rising though showing clearly that each individual Nigerian is getting wealthier everyday. The leap of wealth is so massive that we have overran the former debt of $30 billion that was almost paid to the last penny in 2005. I also believed, as indicated by the rising debt profile that the economy is growing and we could not dispute the analysis that Nigeria economy could be in the top ten in some good years time.
Now, while we appreciate that some of our wealth has to be used to provide infrastructures e.t.c, sizeable wealth supposed to smell off all the citizen, if that is not the case, then we need to scrutinize and see whether our treasury is secured and if we have sent thieves on errand, the ones that are referred to in my place as ''AJELOJUONILE'' (I hope someone would help me to interprete that) rather than ''ALOKOLOHUNKIGBE''
I believed also, that Nigerians are too smart to be sold except by willing accomplice, and that brings us to the past and current political class. Did they robbed us? My answer is No! If it were to be during the military era, there is this complacent slogan ''Ta n fe ku'' but now that the power of the electorate is the determinant of any successive office holder, it does mean that we voted for those who we know will steal our wealth. I doubt if there is actually any new blood in the current Nigerian political platforms, and I mean new blood indeed, or how could we know we are being left by thieves that have famished even our inner strength and still go out to hail them during campaigns. We willingly agreed for them to drain us to the bones! And when we shout, they only laugh over bottles of beer and alcholic mixtures, for not other reasons other than we allowed them.
There is none of the parties that did not rigged previous and last elections, let their publicity officers come out and refute the allegations. There is none of the parties that did not engaged in bribery, let the chairmen come out and plead their case. There is none that did not use thugs and violence, there is none that did not use the youths to their personal advantage, there is none that has a totally clean hands, the unfortunate thing is, they kept on doing it even now, and the populace is still hailing them while at the same time shouting ''thieves'' when they are exposed ''slightly''
Some few years back, I watch an india movie (some of you will remember Ahma, Akbar, Anthony) that's not the one though and I could not remember the title but it was about a young promising politician that could not make his way in the political field because of the bigwigs and ended up joining one of the main parties. During campaign, he discovered the rule and the style of winning the game; a village where a particular party would go in about a week will be set on fire by the thugs of that same party, and this party chiefs will go to the place in the name of charity to hand out food, water and blankets and thereby secure the votes of that village. Whose funds were being used and distributed? Obviously, it's the wealth of that nation which belongs to the people.
Should we follow these people to another election?
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