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Thursday 15 September 2016

Nigeria; submerged in turbulent 'economic' waters

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Nigeria has been submerged in turbulent 'economic' waters. Over the last few months, Nigerians has expressed their disappointment over the failure of the past administration to save for rainy days and further expressed their popular dissatisfaction with what they see as 'economic-financial policy somersaults' in the President Buhari led government, which they believe can not rebound in a time soon.

Undoubtedly, it will take more than the 'ordinary' to unseat the ruling party at the next polls, but opposition political parties are joining forces in an effort to give the ruling party a run for their 'money' in the 2019 elections. Believe it or not, members of the 'Nigerian lower class', who traditionally have been reliable supporters of President Buhari, are already backing down on their support for the principal occupant of the Aso Villa, this is due to obvious reasons that bothers on striking hunger and job cut...

Together with a deep economic crisis, these developments have set off fears of impending instability, political violence, and even state collapse. Any of those outcomes could produce a humanitarian catastrophe, which might take us another decade to 'outrun'.

Well, the good news is that the event that could have triggered the worst political violence in the Nigerian history, was deferred at the 2015 general elections. Thanks to those that contributed in all ways. In addition, the lingering 'Oil driven' crisis in the SS-SE regions of the country and the insecurity in the NE region of Nigeria could also cause 'loss of control' but it is still unlikely. Take it or leave it, that is because the present government and the top echelons of the troubled regions enjoy an unusually close relationship.

We will 'overrun and outrun' our present predicaments, but our present situation is a reality that we must live with.

Twitter: @MrSteam_ 

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