Sale Of National Assets: A Patriotic Support | Independent Newspapers Limited
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Sale Of National Assets: A Patriotic Support

converastion of an angryman
Posted: Oct 3, 2016 at 6:37 am   /   by   /   comments (0)


Okay, the raging debate is whether we should sell our national assets. Opinion is divided on the matter, as it is often the case in Nigeria. By the way every sane Nigerian should know now that to every issue in Nigeria there are usually four opinions – the PDP opinion, the APC opinion, the lie and the truth. The last one is the one we usually ignore – the truth. We are set to ignore the truth in this matter. But one is take care of that.

Just how would selling our national assets save our situation? To begin with, the economic recession is a product of mental lethargy. To adjust that slightly, the powers that be do not seem to  have the slightest idea how to manage the economy and the third law of thermodynamics has come to play. The law states that every system left to itself moves from a higher energy level to a lower one and ultimately towards atrophy. So when you have persons who are supposed to manage the economy and they know as much about economics as I know about Mandarin language (which is nil), then the economy is bound to drift.

Not allowing the economy to drift is the reason nations usually have competent hands to manage and fine-tune the economy. Well, so far the government has not come out with clear policies on how to re-work the economy. First they told us that the magic wand to fix the economy was in the Treasury Single Account. They waved that wand, but the economy remained comatose. They may as well have put a rat on the rail to stop a train. Now they have come with the idea of selling our national assets.

Just how much do they hope to realise from the sale? About as much as they realised from the treasury single account, and when the sales are made someone would take the commission which would run into billions (as it happened in the Treasury Single Account). I see you nodding your head – now you are beginning to understand. Who would they sell the national assets to? Charity begins at home; so they certainly would sell it to their friends. Remember what El Rufai said as the Minister of the Federal Capital City, he was accused of selling properties in Abuja to his friends? He huffed, “If there is anything wrong with that when you have the opportunity sell them to your enemies!”

Well this is El Rufai’s party and the national assets would be sold to their friends. Did I see you nod again – the scales have fallen from your eyes. We want to cut chunks of Nigeria and sell to some Nigerians because “though all animals are equal, some are more equal than others.”

Normally yours truly would not support this auction of Nigeria. One would have been happier with policy goals which would restore the confidence of investors in the Nigerian economy. The President claimed in his Independence Day speech that foreign investors were falling over themselves to invest in Nigeria.

Jumbo, my pal and veteran soldier, was nonplussed, “Foreign investors falling over themselves to invest in an economy that is in a free fall? To invest in an economy that over 250 companies (including airlines) have folded up? The only investors who may be interested in the economy right now are those who may want to exploit the security challenges. The President’s speech writers are disconnected from reality.”

Anyhow, I support the sale of the national assets. Someone has already made a case for the sale of the Niger Delta region to France, which has a policy of keeping territories overseas. He figures that with the oil in the Niger Delta and the prospect of better life under the French Government we could raise trillions to fix the other part of Nigeria. Barely had the post on Facebook gone up than other persons suggested the sale of their states or regions as a way of raising money to fix the country. Such patriotic sentiments were captured in Ibrahim Babangida’s speech when he stepped down. He claimed that as a “personal sacrifice” he was willing to “step aside.”

It does appear that some regions, as personal sacrifices to raise money for the country, may be willing to step aside, like Babangida. If such “assets” are considered for sale, one would go along with it. Provided Biafra, which wants an independent country, is not considered an asset. It would be another Nigeria and this continent is not large enough for two Nigerias.

By Michael John