Last week, a lengthy article emerged in certain top Nigerian publications and are still doing the rounds on various social media platforms that have been purportedly written by Prof Oby Ezekwesili the founder/convenor of the “BRING BACK OUR GIRLS” campaign .
The spelling error laden article which was penned to generally condemn the financial policies of the Buhari administration and heap series of blames on the current President’s head for the suffering and hardship currently being experiences in the country has also formed the basis of the arguments of several pseudo analysts and commentators, who were too lazy to confirm the authenticity of the source of the article since it supposedly came from someone from such an erudite cycle.
It has however emerged that the article, far from having been penned by the scholarly Professor, was actually composed by “lackeys of the former FG”
Posting on her Twitter page this morning, Prof Ezekwesili wrote
“Amazing how lackeys of the previous FG are OBSESSED with attacking Oby Ezekwesili & yet shamelessly STEAL same name to author their trash”.
She also wrote:
“How an unscrupulous mind wrote that trash and attributed it to me tells a lot about the health of this society. God’s Judgement awaits you”.
One of the commentators on her wall wrote”
@obyezeks They steal everything in sight. They stole our money now they are stealing people’s names and reputation because they have none!
Another commentator wrote:
@obyezeks Amen madam, I trust you. I was already getting seriously disappointed, but thank God you denied d statement. That’s enemies work
Many others commenting on her wall and on other forums have expressed disbelief to the authenticity of the authorship of the article. The general consensus at least from those who really know the Prof is that she is an activist and not an economist and therefore would not make such profound public statements on economic policies.
This is the article written under the title: “Buhari, not Jonathan, caused recession – BBOG founder, Oby Ezekwesili”
I still find it funny that most people don’t know why Nigeria economy went into recession, they love the incompetent lies of Lai Mohammed about the past government ruining everything.
It’s also myopic to think that if Jonathan were to still be in power, we would be worse off.
The truth about Nigeria’s recession is this; it was caused by the president’s unguided rhetoric and uncultured body language.
Firstly, there is nothing we are buying today that we weren’t buying 5 years ago, therefore it’s not our purchase that put pressure on Naira qbut withdrawal of funds by foreign investors.
After the election, the president created instability with his unguided statements about how everyone is corrupt and how everyone is going to jail.
The instability made foreign investors to liquidate their investment and change their money to dollars. In the process of trying to flee, they were willing to buy dollars at any price, which lead to high exchange dollar rate.
Even though some of them were not ready to run away, but want their money in dollars to save their investments from devaluation, the president gave a bad signal by banning deposit of foreign currency into dormiciliary accounts. That was enough for free market believers to see the draconian handwriting on the wall, that was the beginning of dollar rush.
To make matters worse, the president came up with another outrageous policy of rationing dollar to certain sectors and blocking many sectors out. That was the nail in the coffin which facilitated the emergence of free FALL.
In the end, foreign investors took over $80B out of the economy within a short period and everything went down to free fall.
To those who believe it will be worse if Jonathan is still there, you are all wrong. Policy continuity and political stability will not let billions of dollars leave our shores within such tiny time frame.
Even though the government might have income shortage, the private sector will weather the storm by their confidence in the market.
The fear of the unknown created by PMB is responsible for the economic downturn not low oil price. Interest rate in America is currently at 0.5% while it is 12% in Nigeria. JP Morgan Chase will not mind borrowing $50 billion from Feds at 0.5 and put in Nigeria for return of %2000 profit.
Citi bank will do the same, likewise US Bank Corp. Chase gave Buhari warning about the repercussions of his fixing policy before they pulled out, but his illiterate cyber warriors and misseducated e-soldiers said JPMORGAN can go to hell, they no longer believe in economic metrics since their messiah is in charge.
Funny enough they are all suffering today because of the stupid policy, but they find relief by blaming it on past administration and Gucci appetite of average Nigerians.
For your information, if your president “kontunu” with his unguided rhetoric, Naira will go down to N1000/1 $. But we thank God, he is no longer talking.”
Although, speculation is rife regarding the true source of the article but many are of the belief that it is from the desk of yet another PDP PR machinery intent on destroying the relationship between the current administration and supporters from the top echelons of the nation.
Copyright Jummy Ariyo