16102021 - Southeast Gov INEC top official in trouble over $4m bribe
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For Nigerians, yes, every Nigerian<br />
except the Foreign Exchange<br />
speculator who procures the dollar at<br />
the <strong>official</strong> rate and sells the same at<br />
the parallel market, it has been a tale<br />
of woe s<strong>in</strong>ce 2015. And that story has<br />
not changed. And worst of all,<br />
President Mohammadu Buhari’s 2001<br />
budget speech showed that th<strong>in</strong>gs are<br />
not about to become better concern<strong>in</strong>g<br />
the value of the Naira.<br />
Yet, may we first survey the scene<br />
before return<strong>in</strong>g! September 30,<br />
2021, the Naira depreciated at <strong>official</strong><br />
w<strong>in</strong>dow despite a 266% <strong>in</strong>crease <strong>in</strong><br />
dollar supply. Yes, you that that<br />
percentage bit quite right; the Naira<br />
value still depreciated aga<strong>in</strong>st the<br />
dollar though a 226 percent <strong>in</strong>crease<br />
gushed <strong>in</strong>to the market. So, the fact<br />
rema<strong>in</strong>s that on Wednesday,<br />
September 29, 2021, the exchange<br />
rate between the Naira and the US<br />
dollar closed at N414.73/$1, at the<br />
<strong>official</strong> <strong>in</strong>vestors and exporters<br />
w<strong>in</strong>dow. That represented a 0.06%<br />
drop when compared to N414.50/$1<br />
recorded on Tuesday, September<br />
28,2021.<br />
Actually, on the September date<br />
mentioned above, the Naira recorded<br />
a third consecutive fall at the <strong>official</strong><br />
w<strong>in</strong>dow despite 118% jump <strong>in</strong> dollar<br />
supply. Now, it is not every day that<br />
the amount of the American dollar that<br />
is put <strong>in</strong>to the market experiences<br />
such a dramatic <strong>in</strong>crease. So, to<br />
reduce the amount of suffer<strong>in</strong>g which<br />
Nigerians have been wedded to s<strong>in</strong>ce<br />
2015 because of ever <strong>in</strong>creas<strong>in</strong>g price<br />
of goods, the g<strong>over</strong>nment must have<br />
an <strong>in</strong>novative way to stem the fall of<br />
the Naira and control the gallop<strong>in</strong>g<br />
<strong>in</strong>flation that has been batter<strong>in</strong>g the<br />
Nigerian economy and is mak<strong>in</strong>g the<br />
life of the average Nigerian a liv<strong>in</strong>g<br />
hell.<br />
Buhari acknowledged that much<br />
when he granted <strong>in</strong> his budget<br />
speech that,”The Nigerian economy<br />
is currently fac<strong>in</strong>g serious<br />
challenges, with the macroeconomic<br />
environment be<strong>in</strong>g significantly<br />
disrupted by the Coronavirus<br />
Pandemic. Real Gross Domestic<br />
It is necessary to mention that human<br />
existential journeys flounder<br />
between purposeful movement and<br />
directionless wander<strong>in</strong>gs because of our<br />
deprived nature. Consequent to man’s<br />
connatural imperfection, the struggle for<br />
the driver of this existential journey<br />
competes with the struggle for direction.<br />
The superego’s persistent effort to be on<br />
the driver’s seat suffers a defeat whenever<br />
reason recedes <strong>in</strong>to disuse. In such an<br />
eclipse of reason, the momentary victory<br />
of the ego or id awards defeat to<br />
humanity. The battleground for this<br />
axiomatic war shifts accord<strong>in</strong>g to times<br />
and climes. Presently, the sacred identity,<br />
<strong>in</strong>violable dignity and irrepressible right<br />
to life of every person, especially the<br />
unborn, constitute the nouveau<br />
battleground.<br />
Ego, consist<strong>in</strong>g of the <strong>in</strong>dividual’s<br />
coalesced personal conscious app<br />
operat<strong>in</strong>g system, safeguards one’s<br />
<strong>in</strong>terest. On the other hand, the superego,<br />
the union of the social mores that norm<br />
human actions <strong>in</strong> a given<br />
society, connects one with<br />
society and the<br />
supernatural. They nudge<br />
humans to act with reason<br />
consistent with their<br />
wellbe<strong>in</strong>g and the health of<br />
society. The culture of death,<br />
manifest<strong>in</strong>g as abortion,<br />
spells a failure of reason and<br />
humanity among the<br />
perpetrators. Otherwise, it is<br />
counter-<strong>in</strong>tuitive that<br />
humans who are supposed to<br />
<strong>in</strong>vest immensely <strong>in</strong><br />
protect<strong>in</strong>g life destroy it.<br />
Though abortion has the<br />
signature of legislative<br />
approval <strong>in</strong> some countries,<br />
it lacks the stamp of div<strong>in</strong>e<br />
support. In such <strong>in</strong>stances,<br />
abortion is the real capital<br />
punishment through which<br />
humans without capital suffer<br />
punishment for the faults of others. These<br />
potentates offer various alibis that<br />
neither justify nor excuse their unjust acts<br />
aga<strong>in</strong>st the <strong>in</strong>nocent. Their utilitarian<br />
and mercantile understand<strong>in</strong>g of life<br />
excludes its fundamental mean<strong>in</strong>g as a<br />
How do the poor survive <strong>trouble</strong><br />
with Naira?<br />
a?<br />
Product (‘GDP’) growth decl<strong>in</strong>ed<br />
by 6.1 percent <strong>in</strong> the second<br />
quarter of 2020. This ended the 3-<br />
year trend of positive,<br />
but modest, real GDP<br />
growth recorded s<strong>in</strong>ce<br />
the second quarter of<br />
2017. I am glad to note<br />
that, through our<br />
collective efforts, our<br />
economy performed<br />
relatively better than that<br />
of many other developed<br />
and emerg<strong>in</strong>g<br />
economies.”<br />
He cont<strong>in</strong>ued with<br />
even worse news: “GDP<br />
growth is projected to be<br />
negative <strong>in</strong> the third<br />
quarter of this year. As<br />
such, our economy may<br />
lapse <strong>in</strong>to the second<br />
recession <strong>in</strong> four years,<br />
with significant adverse<br />
consequences.”<br />
Part of the reason why<br />
the economy will rema<strong>in</strong>s <strong>in</strong><br />
<strong>trouble</strong> is that, as Buhari<br />
expla<strong>in</strong>ed, “On the expenditure<br />
side, as at the end of July 2020, a<br />
total of N5.37 trillion had been<br />
spent as aga<strong>in</strong>st the pro-rated<br />
expenditure of N5.82 trillion.<br />
Accord<strong>in</strong>gly, the deficit was N3.27<br />
Abor<br />
bortion: Eclipse of reason and<br />
defeat of humanity<br />
mystery and network of mutual<br />
generosity.<br />
In abortion, humans succumb to<br />
enslavement by comfort and<br />
dictatorship of convenience. While it<br />
is undeniable that<br />
women often face<br />
difficult moments<br />
relative to<br />
pregnancies, yet<br />
noth<strong>in</strong>g justifies a<br />
The culture of<br />
death,<br />
manifest<strong>in</strong>g as<br />
abortion, spells a<br />
failure of reason<br />
and humanity<br />
among the<br />
perpetrators<br />
wilful kill<strong>in</strong>g of an<br />
<strong>in</strong>nocent human<br />
be<strong>in</strong>g. Challenges<br />
fac<strong>in</strong>g a mother for<br />
an unprepared<br />
pregnancy might be<br />
daunt<strong>in</strong>g; however,<br />
the preborn child<br />
should not on any<br />
account pay the<br />
price. S<strong>in</strong>ce<br />
everyone has an<br />
<strong>in</strong>alienable right to<br />
life, then noth<strong>in</strong>g<br />
justifies a wilful<br />
term<strong>in</strong>ation of the<br />
life of another person<br />
under any guise.<br />
Headaches are not cured by cutt<strong>in</strong>g off<br />
the head. While the situation might<br />
seem irredeemable, a child should not<br />
bear the consequences of the<br />
misdemeanour of adults. It is<br />
outsourc<strong>in</strong>g punishment to the most<br />
<strong>in</strong>nocent of all.<br />
So, what are the<br />
m a g i c<br />
programmes that<br />
should enable<br />
Nigeria to<br />
drastically reduce<br />
her borrow<strong>in</strong>g<br />
b<strong>in</strong>ge? The<br />
president said<br />
noth<strong>in</strong>g further<br />
perta<strong>in</strong><strong>in</strong>g to that<br />
SATURDAY Vanguard, OCTOBER 16, 2021—33<br />
trillion. This represents 66 percent of<br />
the revised budgeted deficit for the<br />
full year.” Did I hear you ask:”66<br />
what?” Well, the president said it<br />
with his own<br />
lips:”66 percent of<br />
the revised budget<br />
deficit for the full<br />
year.” In case you<br />
failed to process<br />
the <strong>in</strong>formation<br />
fully, your<br />
president said your<br />
2020 budget<br />
suffered a 66-<br />
percent deficit of<br />
the<br />
total<br />
expenditure. That<br />
means that your<br />
nation’s revenue<br />
could fund less<br />
than half of the<br />
2020 budgeted<br />
expenditure.<br />
And then as<br />
though debt<br />
servic<strong>in</strong>g charges<br />
have no bear<strong>in</strong>g<br />
whatsoever on the money available<br />
to develop the nation by meet<strong>in</strong>g<br />
budgetary expenditures, the<br />
president added:”Despite these<br />
challenges, we met our debt service<br />
obligations. We are also up to date<br />
on the payment of statutory transfers<br />
The victim’s <strong>in</strong>nocence laments the evil<br />
of the power so cruel as to murder the<br />
<strong>in</strong>nocent <strong>in</strong> abortion. With such an<br />
objectionable use of brutal force, doctors<br />
and healthcare workers submit their<br />
<strong>in</strong>genuity to horrific murder, spill<strong>in</strong>g the<br />
blood of the <strong>in</strong>nocent. Irrespective of the<br />
<strong>in</strong>tention, it is never permissible to do evil<br />
for the seem<strong>in</strong>gly prospective good. And<br />
<strong>in</strong> this matter, s<strong>in</strong>ce science has proved<br />
that an unborn baby is human, abortion<br />
is a term<strong>in</strong>ation of human life. No wonder<br />
our law system recognises that when a<br />
man kills a pregnant mother, the person<br />
is charged for kill<strong>in</strong>g two victims. As such,<br />
the child is already recognised as human.<br />
This is not to <strong>in</strong>troduce the argument of<br />
faith, which is quite obvious that no<br />
person who truly wants to serve God<br />
righteously will support such a he<strong>in</strong>ous<br />
evil. By implication, there is an implicit<br />
or explicit knowledge that abortion is evil<br />
before God. Hence, to be at peace with<br />
God and self, one will not support<br />
abortion.<br />
With<strong>in</strong> this regime of utility as the logic<br />
of life, human life is stripped of sacredness<br />
and death is emptied of mystery. It is the<br />
s<strong>over</strong>eignty <strong>in</strong> which the unbridled id<br />
reigns, and under this s<strong>over</strong>eignty of<br />
<strong>in</strong>st<strong>in</strong>cts, unhealed emotion and untaught<br />
habits terrorise the human person. With<strong>in</strong><br />
this scenario, the culture of convenience,<br />
which functions perfectly <strong>in</strong> the pleasure<br />
<strong>in</strong>dustry, makes abortion the only viable<br />
option.<br />
Mak<strong>in</strong>g the right choices corresponds<br />
and staff salaries, while <strong>over</strong>head costs<br />
have been significantly c<strong>over</strong>ed.”<br />
The president sweetened his speech<br />
when it appeared as though he was<br />
ready to defend the Naira with new<br />
programmes when he said: “Let me<br />
emphasize that revenue generation<br />
rema<strong>in</strong>s our major challenge.<br />
Nevertheless, the g<strong>over</strong>nment is<br />
determ<strong>in</strong>ed to tackle the persist<strong>in</strong>g<br />
problems with domestic resource<br />
mobilization, as there is a limit to deficit<br />
f<strong>in</strong>anc<strong>in</strong>g through borrow<strong>in</strong>g. The time<br />
has come for us to ma<strong>in</strong>ta<strong>in</strong> a healthy<br />
balance between meet<strong>in</strong>g our grow<strong>in</strong>g<br />
expenditure commitments and our longterm<br />
public f<strong>in</strong>ancial health.”<br />
So, what are the magic programmes<br />
that should enable Nigeria to drastically<br />
reduce her borrow<strong>in</strong>g b<strong>in</strong>ge? The<br />
president said noth<strong>in</strong>g further<br />
perta<strong>in</strong><strong>in</strong>g to that.<br />
To your columnist, these are the<br />
numbers that actually matter: The<br />
budget envisaged a foreign exchange<br />
rate of N379 per US Dollar. “Debt<br />
Servic<strong>in</strong>g will gulp all of N3.124 trillion.<br />
The deficit will be f<strong>in</strong>anced ma<strong>in</strong>ly by<br />
new borrow<strong>in</strong>gs total<strong>in</strong>g N4.28 trillion,<br />
N205.15 billion from privatization<br />
proceeds and N709.69 billion <strong>in</strong><br />
drawdowns on multilateral and bilateral<br />
loans secured for specific projects and<br />
programmes.”<br />
So, com<strong>in</strong>g from the president’s mouth<br />
is this message:noth<strong>in</strong>g will change.<br />
And that is bad news for until a drastic<br />
change takes place on the economy, a<br />
change that will improve the value of<br />
the Naira, reduce the nation’s debt<br />
liability and improve its <strong>in</strong>dustrial<br />
productivity rate, Nigeria will remember<br />
what it is at present; a sorry story. As<br />
the value of the Naira cont<strong>in</strong>ues to s<strong>in</strong>k,<br />
so does the cost of everyth<strong>in</strong>g, from food<br />
stuff, <strong>in</strong>clud<strong>in</strong>g the food grown <strong>in</strong><br />
Nigeria, the pump price of petrol, school<br />
fees, cost of medicament, auto and<br />
<strong>in</strong>dustrial spare parts, cloth<strong>in</strong>g, any<br />
essential you can th<strong>in</strong>k of, cont<strong>in</strong>ue to<br />
rise. Why this has not occurred to the<br />
members of the Federal Executive<br />
Council beats my imag<strong>in</strong>ation. And if<br />
this bothers the f<strong>in</strong>ance m<strong>in</strong>ister <strong>in</strong> any<br />
way, she has not shown it.<br />
to the grammar of life. Nevertheless, it is<br />
undeniable that some circumstances appear<br />
so challeng<strong>in</strong>g and confus<strong>in</strong>g that a victim<br />
th<strong>in</strong>ks of absolutely no choice for unfounded<br />
or real fear. Such situations make abortion<br />
seem compell<strong>in</strong>g and <strong>in</strong>evitable. However,<br />
it rema<strong>in</strong>s a morally depraved and dastardly<br />
act to summarize one’s life and delete<br />
someone’s aspiration forever and deny them<br />
the opportunity of experienc<strong>in</strong>g the goodness<br />
of God <strong>in</strong> the world. Indeed, abortion denies<br />
the world the gift from God with possibilities<br />
of the positive impact of epochal dimension.<br />
Despite the illegality of abortion <strong>in</strong><br />
Nigeria, the bloodlett<strong>in</strong>g <strong>in</strong> hidden and<br />
known abortuaries make a mess of the<br />
sacredness of life. These abortions feed the<br />
rivers of blood with the <strong>in</strong>nocent blood of<br />
the unborn babies killed with the full<br />
cooperation of their mothers and death-care<br />
professionals. The value of human life <strong>in</strong><br />
Nigeria makes the Hobbesian state of nature<br />
an eldorado. It is not only that life is short,<br />
brutish but the scale of its destruction spells<br />
a culture of death. It baffles one’s<br />
imag<strong>in</strong>ation how a society strongly professes<br />
the sacredness of life, yet the actual culture<br />
is death. Though the law rema<strong>in</strong>s prohibitive<br />
relative to abortion, it goes on unchecked.<br />
Hence, these abortion-related deaths <strong>in</strong><br />
health facilities expose the hypocrisy and<br />
<strong>in</strong>efficiency of the law enforcement agencies.<br />
Sadly, the kill<strong>in</strong>gs by these law<br />
enforcement agents, at the slightest<br />
provocation, fund the enthronement of the<br />
culture of death. The g<strong>over</strong>nment slumbers<br />
while the killer herdsmen kill with abandon<br />
and doctors and politicians refill the rivers<br />
of blood <strong>in</strong> Nigeria. Unfortunately, <strong>in</strong> a<br />
scenario where utility serves as the logic of<br />
life, its value is measured by the productivity<br />
factor. As life is stripped of sacredness and<br />
death emptied of mystery, citizens engage<br />
<strong>in</strong> devotion without discipl<strong>in</strong>e, and piety<br />
without virtues, promot<strong>in</strong>g self-serv<strong>in</strong>g<br />
religiosity similar to the prevail<strong>in</strong>g corrupt<br />
politics and socio-economics. Hopefully, if<br />
the rule of just law is <strong>in</strong>stituted, it will<br />
certa<strong>in</strong>ly help to put undiscipl<strong>in</strong>ed id to<br />
check and snatch victory from the<br />
s<strong>over</strong>eignty of <strong>in</strong>st<strong>in</strong>cts and reverse the<br />
triumph of the id. When emotions are healed,<br />
and habits taught, we can hope to have a<br />
culture of life where the <strong>in</strong>violable dignity<br />
and sacredness of the human life is respected,<br />
whether <strong>in</strong> the womb or world.