Hurray! CBN’s ‘SECRET OF SUCCESS’ has ‘Saved Our Souls’ and is working faster than internationally predicted.
The 2024 Easter will go down in Nigeria’s history as ‘THE EASTER WITH NO NEW CLOTHES’, as they lack the traditional gift at Easter. Easter has been very financially depressing challenge for Nigerian families. But the dark cloud enshrouding the weak naira has a silver lining as it is strengthening against the dollar, recovering faster than foreigners expected and lightening the Easter general gloomy mood slightly. All credit to the CBN governor, Yemi Cardoso and his team. Cardoso is the leader in a bitter politically motivated cycle of naira recovery and naira ruin.
What is CBN’s Secret of Success, SOS. It is not nuclear physics. It is reintroduction of age-long values of the G-O-D, ‘Good Old Days’. The newly dusted values in CBN were ignored for years and are the old values of our Oath of Office and daily mouthed without meaning by government and political office holders.
In CBN, the current SOS, Secret of Success, is backed up by the reality of instant forensic auditing of every strategy and action. CBN’s SOS is adherence to the letters of the Nigerian National Oath to be ‘FAITHFUL, LOYAL AND HONEST’, FLH, and specifically in Project Nigeria, Project Naira and Project Fellow Nigerian Citizen. Let all Nigerians, not just Governor Cardoso and CBN be FLH in 2024.
Years ago, this column recommended that the dominant photo in CBN should be a group of poor Nigerian children one from every state and FCT on every wall and desk to remind officials that CBN’s action daily will rescue or ruin the future for children nationwide.
Today, the CBN, governments and agencies labour under 10–20-year-old ‘neglected debts incurred by criminally irresponsible politicians, officials, bankers, businesspersons and contractors. These failed to perform compulsory responsibilities of paying bills.
In other countries, areas including Education, Agriculture, Health, Water, Transport and the Central Bank are untouchable by the corrupt or the countries will collapse and lose Future Manpower, Food Sufficiency, Population Health, safe Drinking Water, Human Connectivity, Currency Stability, Developmental and Sovereign Wealth Funds. Inform politicians, civil servants, MDA officials and contractors that we can no longer pay billions in ‘THEFT FEES’ and simultaneously develop.
The backlog of government unpaid electricity, salary, pension, maintenance and development bills demonstrates that Nigeria suffers ‘CHRONIC GOVERNMENT DELIBERATELY-INFLICTED DERELICTION of DUTY AND SERVICE PROVISION’. The ‘unpaid bills money’ has ‘disappeared’ with no punishment for offenders.
The naira has reawakened and may be less than N800-1,100:$1 in 2-3 months provided we stop oil theft and Dangote and other refineries work and power supply becomes stable reducing costs of living and production. We have another power grid collapse. CBN and EFCC reiterated the ban on spraying naira, and criminalised bank managers and the unnecessary army profiting from selling new notes. Wrongdoers are in court for disgracing and devaluing the naira. Has CBN eliminated the unnecessary and army of itinerant middleman currency ‘aboki’ traders paid by forex sales? Dollar undisputed debts have been paid and theft and criminal deals between CBN top officials and commercial banks have hopefully been terminated, which will in-turn terminate questionable trillion-naira forex trading profits for banks. WILL CBN PLEASE ALSO CANCEL OR CURTAIL the CURRENT BURDEN OF CBN-SANCTIONED & UNSANCTIONED EXTORTIONIST BANK ACCOUNT CHARGES UNHEARD OF IN OTHER COUNTRIES?
WILL Nigerian banks at last get back to normal banking and not ‘Director-lending only’ trap? Amen.
Money for celebrant and band must now be enveloped or transferred. Expect itchy fingers to create a Nigerian Spraying Artform going through the motions with toy money backed up by an envelope. Watch and learn. It will be contested in court.
CBN Directors are not immune to temptation. Governor Yemi Cardoso and EFCC should be proactive to prevent detrimental CBN Director activity. One bad CBN Director, will ruin the entire CBN reputation. CBN, Please keep it up and keep our precious naira up. Amen.
The amazing pictures of the brave-faced children kidnapped at Kuriga, receiving education support and school-rehabilitation promises from the relieved governor, must be seen alongside the story of their ordeal at the hands of bandit terrorists and murderers when one vigilante member was murdered and one teacher sadly died in front of the students including his own terrified son during captivity. Just imagine the psychological trauma!
Even if our children can escape being kidnapped, raped, brutalised and bullied and beaten in school, tragically, too many schools, teachers and students in 2024 lack current textbooks, chairs, desks and toilets and infrastructure to be stimulating learning environments. Last week I saw four students with preventable eye injuries from a thrown stone, biro stab, pencil stab, belt beating and bullying. University students died during a stampede for poverty palliatives, preventable by crowd management. The Federal Ministry of Education and the National Orientation Agency have advocacy work to do to ‘STOP BULLYING, STOP EYE AND OTHER INJURIES IN EDUCATION FACILITIES’. Last week WAEC reported a pathetic 30% (2519 students) pass in the first ever CBT Computer Based Test WASSCE. That failure precipitates the failure of ‘generation next’.
SHOULD LOSING AN EYE OR A LIFE OR A 60% FAILURE RATE BE THE PRICE OF A NIGERIAN EDUCATION? It means our EDUCATION INSTITUTIONS need to be SDG and current curriculum compliant ‘TEACHER/LECTURER AND CHILD/YOUTH FRIENDLY SCHOOL/ EDUCATIONAL ENVIRONMENTS’ or they are not fit for purpose.
