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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.

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