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NIGERIA Closer To The Brink : 2023
NIGERIA Closer To The Brink : 2023
George Eliot, VBQ, p. 172. Of course, Eliot was correct. People are more eager to bring good news to those who are directly affected than bad news. Unfortunately, honest economic, social, and political forecasters and prophets have no choice but to predict the future, especially when it comes to the fate of their country.
They have an obligation to reveal what they know and what has been revealed to them, regardless of the consequences. Some of the consequences can be unpleasant. Regardless of the threat of attack, a false predictor quickly becomes a laughingstock.
This is the second year vanguard will demonstrate the courage to request a broad prediction of what Nigerians can expect in 2023. This is also the second year that I will be trusted with that extremely important task. I feel honoured and humbled by the responsibility.
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It is always risky undertaking to foresee the future. Most of us have a difficult time determining what will happen tomorrow. That is why this particular assignment is preceded by months of research and analysis – after which a model is used to arrive at tentative conclusions. I am not God; so it is impossible to be 100 per cent accurate.
“You are only as good as your last show.” Hollywood Actors Guild.
Most managers of businesses or organizations are not aware that they are also forecasters. But, every budget presentation involves making predictions about revenues and expenses in the future. Every new budget would usually start with a review of the out-going year. All the stakeholders have every reason to want to know how accurate management was with the last budget. Therefore, permit me to summarise the takeaways from the predictions made about 2022.
“Definers of Nigeria’s fate in 2022: “the list includes the following: insecurity, economy, politics and governance, food security, education, pandemic, cyber crimes, illicit drugs, Election 2023 and leadership.”
Only two issues did not cause us as much anxiety as I thought – pandemics and cyber crime. As for the rest, please be reminded of the following:
• The fact that 322 policemen and 642 soldiers were killed in Nigeria within the last one year reflects several facts which point to heightened insecurity.
• On Economy: ”Expect these: hyper-inflation, purchasing power loss, lower industrial capacity utilization, job losses….by the second half over 55% of revenue will go into debt-servicing….exchange rate will rise above N600/US$1…more Nigerians will dive below the poverty line…very low Foreign Direct Investment, FDI, should be expected…maximum power generation will not exceed 5,300MW and will not be steady.
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• On politics, the following predictions were made: “The political parties will add their violence to existing ones…Politics takes precedence over governance, President and Governors abandon Government Houses for campaign trails….AN ALARM HAS BEEN SOUNDED TO CHRISTIANS WITH RESPECT TO 2023 ELECTIONS. BEWARE OF THOSE WITH MUSLIM-MUSLIM AGENDA; WHILE PRETENDING OTHERWISE.
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