WILTW: Feb. 12–18, 2017.
The purpose of NNPC was not to achieve anything useful. No matter the arguments that were made for it at the time, there were other options available. From the point of view of the government, it was simply to allow them control the nation’s resources. And they did this purely for greed — the oil money flowing in was very attractive. Thus, NNPC of today is doing exactly what it was set up to do — steal from Nigerians.
Announcements are made; people scream and/or hail. In some cases, the accused make it to the EFCC’s offices, maybe are detained for a few days, then they escape with a slap on the wrist. In other cases, noise is made about how much has been seized, then the people are made into monsters… When the case is then justifiably thrown out, all sorts of people begin to line up on our airwaves to talk about how corrupt the judiciary is.
When countries attempt to boost production and increase exports, they tend to devalue their currencies to make exports more competitive. China, for example, has often been accused of maintaining an undervalued currency. Even Germany, the economic behemoth of Europe, was recently targeted by Peter Navarro, the head of President Trump’s National Trade Council, for exploiting a 'grossly undervalued' Euro. As Nigeria tries to boost exports, there is a case for a weaker currency.
