Election ’23: The “Cabal”(s), Fuel scarcity and Redesigned Naira With A promise Of Hope By Richard Odusanya.

February 4, 2023 Chiemerie William Eziokwu Business, Editorial, Finance, GENERAL, Inspiration, Investment, OPINION 0

A cabal’s is a group of people who are united in some close design, usually to promote their private views or interests in an ideology, a state, or another community, often by intrigue and usually unbeknown to those who are outside their group. One member of such a cabal was Isa Funtua, of blessed memory, an associate of President Muhammadu Buhari, who once boasted that is not a member of any cabal but a “cabal myself.”

By Richard Odusanya

Many Nigerians, prominent among whom is the First Lady, Aisha Buhari, have claimed that there is a ‘cabal,’ whose influence on the decisions taken by President Muhammadu Buhari and the presidency, is immense and significant.

Aisha Buhari, at several instances, had accused these people of controlling her husband at the expense of Nigerians, who entrusted Mr president with their mandate. Part of those routinely fingered as members of the cabal’s include the president’s relative, Mamman Daura and Tunde ……, nephew of the President and their associates in the corridors of power.

Interestingly, Nasir Ahmad El-Rufai, a Nigerian politician and the current Governor of Kaduna State has famously posited: “Unmasking them (cabals) is not as joyful as defeating them,” he said. “They will be unmasked in time.

We have defeated them when they wanted their people in the national working committee of the APC.

We have defeated them when they wanted their own anointed person to be the presidential candidate without due regard, due process or even respect for those of us who are governors, that put the party together, campaign for it and deliver the election twice.

No doubt, the outbursts and the excruciating pains occasioned by the over two month-long unmitigated scarcity has worsen the cost of living and affected businesses in Nigeria.

Many petrol stations sell as high as N500/litre against the official N185/litre pump price.

Sadly the current sabotage of the Naira notes swap and fuel scarcity that had caused untold hardship to millions of Nigerians across the country revealed the true character of many people with opportunistic tendencies; typically characterised by greed, self-centeredness and corrupt practices that contribute and cause discomfort to the nation.

firstly, it was Olusegun Obasanjo’s Do-or-die politics enveloped in a new year day letter titled, “My appeal to all Nigerians, particularly young Nigerians” In the poisonous letter, the former president endorsed the Labour Party’s Presidential Candidate, Peter Obi.

This is apart from the same elements “owners of Nigeria” hand in glove, the protagonists of Interim government.

Secondly, the interest of the so-called “Cabal” the power mongers in and around the corridors of power.

He further stated that the budget for the CBN to the BDC operators yearly was $5.2 billion dollars.

He said this move was taken so as to enable the CBN raise enough ForEx for PTAs, educational and medical purposes etc.” He then lamented, that; “while the CBN was still struggling to meet these obligations, the black market kept expanding.” Interesting times ahead.Simply put; Emefiele and his ‘Gang’ have been funding the black market through a back door channel, at the expense of the Nigerian economy.

The CBN dollar rate is 460, black market rate averaged 650 since 2021.

With this sustained arbitrariness, it is easy to make over N 1 trillion yearly. Hence, his refusal to float the Naira. At the current market rate of N750 to $1, the dollar is overpriced. If Emefiele had floated the Naira (which eliminates the black market), the Naira was going be lower than N750.” Why in the first place will a new government under the leadership of President Muhammadu Buhari, reappoint Godwin Emefiele engaged by previous government? An appointment in the core of policy making of the government.

This is apart from several infractions, moral issues and allegations by the Department of State Security (DSS) about Emefiele funding terrorism and the elements of IPOB.

I think it was politically suicidal in addition to risking of a mole from the opposition elements.In view of the foregoing, I reckoned with the saying that bad conducts must be discouraged.

It is instructive to note that as weighty as the allegations, coming from the government’s flagship intelligence agency are, President Buhari has continued to hold one-on-one meetings with Godwin Emefiele since December.

This is a real time exemplification of the term ‘

Alas, the world of mortal man is stranger than the most imaginative piece of fiction. Finally, I like to conclude this article that focuses on the subject of cabal, fuel scarcity and redesigned naira with a promise of HOPE. A renewed hope that was scuttled three decades ago by the same elements “Owners of Nigeria”

NIGERIA WILL BE PEACEFUL.

THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN

Watch this episode of ISSUES IN THE NEWS on 9News Nigeria featuring Peter Obi's Special Adviser, Dr Katch Ononuju, 9News Nigeria Publisher, Obinna Ejianya and Tinubu Support Group Leader, McHezekiah Eherechi

The economic crisis and hardship in Nigeria are parts of the discussion.

Watch, leave your comments, and share to create more awareness on this issue.