The very idea of putting money at the centre of every discourse on any economy, when it represents a mere medium of exchange, suggests abysmal ignorance.
Those who celebrated the so-called free fall of the Naira are evil-minded simpletons. However, those who continue to gloat over the current manipulation of the Forex market by the CBN ought to spare a moment in acknowledging the fact of the monumental and, I dare say, unprecedented criminality perpetrated by certain persons in the apex bank.
The crimes committed by EmefiOle and his gang ought not to be wrapped in opacity. Specificities must herald new discoveries of malfeasance.
The Naira is NOT doing and CANNOT do well in an economy which promotes crass consumerism. Revenue allocation will always encourage looting. The emphasis should shift to revenue generation through intentional, intensive and unrelenting engagement in economic activities, locally, with a view to giving provenance to goods and services.
Those who can hardly feed themselves have no business enjoying what the rest of the world produce. Those who lack the capacity to sustain basic existence should not complain of hunger.
The introduction of money into the affairs of the human society had its purpose-it must serve as a veritable store of value in exchange for goods and services. Any fixation on its nominal importance, which fails to take into account the factor of production for the satisfaction of human beings in their pursuit of happiness, betrays ignorance of the combative hue.
Any misplaced cynicism, which predisposes some omniscient hypocrites to remain purblind to even the tokenist preferences of a largely externally induced leadership, which offers some redemptive flickers, does not only unveil infantile stupidity. It, more annoyingly, exposes gross moral cowardice, subsumed under some nebulous but clearly hypocritical claims to patriotism.
There will be progress in the country only if we decide to embrace the axiom inherent in the heuristic logic. We must learn to allow our local challenges form the fulcrum upon which the impetus to surmount them is anchored.
The capacity of our children must be developed, intentionally, to produce problem solvers, not theorists.
Doyin Odebowale is my name.