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There is a sickening disconnect between Tinubu’s so-called hard policies and his government’s day-to-day decisions: so far, he has been putting the cart before the horse; costs of governance are not tamed, but spiralling; inability to confront corruption squarely; scarce funds still going down moribund SOEs; public office holders’ expensive lifestyles; root-cause of disarticulated economy, which is an unproductive political structure, not addressed.
Result? More agonizing years ahead for the traumatised people without a ray of hope or a beam of light at the end of the tunnel.
Sad!
Now, the Three-Point Development Agenda for the Tinubu Government.
There are just three binding constraints (other problems are ancillary) to Nigeria’s economic growth: corruption, forex gulping importation of petroleum products and unproductive political structure.
1. Prosecute the war on corruption aggressively. Step on toes.
2. Ensure local production of petroleum products in the least amount of time possible.
3. Quickly initiate and see through a restructuring programme to make states and local councils productive centres.
Subsidy removal and floating of the currency and even other economic shock therapies ( while the patient is under anaesthesia) can come later.
@Segun Adediran
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