Obligation In The Public Domain That Is Clearly Embarrassing Government
Yesterday, I commented on a post by my friend, Sola Lawson who was at a loss about the explanation given for the now aborted increase in data prices.
I commented that the real reason the government through the NCC tried such gymnastics was to shore up dwindling revenue and today in a front page story in the Guardian, 'Trade takes a back seat as seaports operations falter' we see evidence of why government is making such moves.
According to the the MD of NPA, "with low oil revenues, the country looks up to the seaports for revenue which grew from N57b in 2005 to N184b in 2015".
The Guardian states that activities at the ports slowed down to a 9 month low in September.
"Lower import-export operations will starve the economy of the much needed productive activity to create jobs, sustain high prices for consumer goods and keep the country much longer in recession than anticipated.
Things are really dire and desperate situations attract desperate measures and that is what the NCC action as well as the recent ban on car imports through land borders are.
We should export more. Today, in the papers, Information Mininster, Lai Muhammed regretted that although the claims of the Super Falcons are genuine and the Sports Minister brought up their matter before the FEC, the FG has no money to pay them.
This is an obligation in the public domain that is clearly embarrassing government yet they cannot pay. It is in this context that we must see the action of the NCC.
They need to explore all sorts of crazy avenues to deal with a real problem that will make recession last longer in Nigeria.
The economy will continue to contract if the biggest spender that can reflate the economy is facing serious cashflow challenges. Note that I didn't say broke. There is a world of difference.
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