Yar’adua Finds Credibility In Naira Baptisim

By

Michael Okoye

mackoye@yahoo.co.uk

 

Since 14th August when Prof. Chukwuma Soludo shouted ‘eureka’ he forgot he was  in Nigeria and not at Princeston University conducting some economic research. This day newspaper’s called it the BIG BANG and since then Nigerians who normally have a common way of reacting to news failed nobody’s expectation.

 

Just as we all automatically become football administrators each time our national soccer teams perform woefully in any soccer tournament, everybody from Politicians to lecturers to serial treasury looters to arm chair economists and even bus conductors and landlords, all became economist in split seconds.

 

Condemnation and some few commendations rented the air for two complete weeks and the comment are still on. Even our opposition party members in Action Congress called for Soludo’s head and even suggested to a man whom they claimed stole their mandate at the April elections to sack the CBN Governor.

 

The you ask your self these question:

 

  • How often did Alan Greenspan got Presidential Approval from the White house to issue new Dollar bills.

  • How many times did Ben Bernake get Presidential Approval from the White how to shore up the value of a falling Dollar in the international market.

  • How many of the people asking for approval from them have the mental strength to comprehend what are involved in managing an economy.

  • If OBJ with his ‘chicken brain’ could understand Soludo’s 13 point Agenda for the financial institutions and gave him the full Presidential support he needed that all the consolidated Banks and depositors and investors are enjoying today, could it have been possible.

  • Why is Yar’Adua with all his strange academic qualifications cannot understand CBN’s new Naira policy if he is not trying to get some measure of credibility from Nigerians by suspending the Naira Policy.

 

I don’t think there are better fools in the entire world than Nigerians. We don’t have a knowledge society and this had been why criminals and mediocres are our law makers, Governors, Presidents, Ex- Heads of States etc.

 

The Followings below will give you a glimpse of how backward our society is in terms of Strategic and creative thinking.

 

“Leading Asia's moon ambitions is the Japanese Aerospace Exploration Agency (JAXA), which rescheduled its lunar orbiter, Kaguya, to September 13 instead of this month. On August 17, China insisted its lunar Chang'e I program is purely scientific and not competing with any other country (read Japan).

India is expected to invest US$1.5 billion over the next five years to develop technologies for a manned space flight by 2015 and a moon flight by 2020. Most of the designing, research and technical jobs are to be completed by 2012.

The United States wants a permanent outpost on the moon. This month, the US National Aeronautics and Space Administration (NASA) released a master list of potential lunar objectives, consulting more than 1,000 people from businesses, and it included developing lunar commerce.

Scientists say moon resources could support life on Earth with cheaper and cleaner energy and help human exploration of the solar system and outer space with cheaper rocket fuel and space-travel construction materials. Lunar mineral deposits include aluminum, magnesium, titanium, iron (for building moon structures), and silicon (to make solar cells for energy), besides the lunar soil enriched with oxygen (for astronauts to breathe and for making rocket fuel) and hydrogen; the soil could also be melted into casts and used as construction blocks.

Former Apollo astronaut Harrison Schmitt says a tonne of helium-3 from the moon could be returned to Earth to produce fusion power that would be price-competitive with oil at $30 a barrel. But this technology could be still decades away to make it cost-effective.

"If investment visionaries have their way, the moon of the 21st century is going to be dotted with robot factories, underground cities, power towers, tourist stopovers, science stations, even lunar burial sites," promised Space.com at the turn of the millennium, reporting on the second annual Lunar Development Conference held in the US and attended by entrepreneurs, land developers, space technologists and researchers.

Growing interest in space tourism makes moon inhabitation closer to reality. Patrick Collins, a space-tourism expert and professor of economics at Azabu University, Japan, says that just 10% of existing governmental space budgets would be needed to make space tourism a $100-billion-a-year business.

Russia's Federal Space Agency has announced a moon-tourism project to be launched by 2010. With California-based Space Adventures and the Tokyo-based travel agency JTB Corp as partners, the project offers around-the-moon trips on board a Russian Soyuz spacecraft. Two tourists per trip will go on the moon ride, accompanied by a professional astronaut. The return ticket? Just $100 million.

Shimizu Space Systems, a Japanese company working on space and lunar tourism, plans to build lunar bases with inflatable buildings served with golf courses and tennis courts. A Lunar Hilton bigger than the MGM Grand in Las Vegas, Nevada, could dot the moonscape if British architect Peter Inston's designs for a lunar complex for Hilton International appears. The Lunar Hilton would be a 5,000-room, domed, solar-energy-powered structure, with drinking water from lunar ice, and with restaurants, a church, a beach, and moon buses taking guests on lunar picnics.

 

Private US space companies are already in business, each with projects to send orbiters, landers or robot rovers to the moon in the next few years. On August 13, California-based SpaceDev - describing itself as "an entrepreneurial space-systems company" - declared its second-quarter and six-month fiscal results, reporting $17.7 million in revenue, a 12% increase from the previous year.

TransOrbital, with its tagline "The moon is open for business," says it's the first private company to be authorized by the US State Department for commercial flights to the moon.”

 

If all the great thinkers in Iboland were to accept to resign all their positions in all federal positions they are occupying and OHANEZE Leaders can be focused enough to do the following, we shall in a space of 4 years, be granting loans to West African countries for development:

 

  • Assemble all Ibo Sons and Daughters with intellectual dept to develop a Master plan to turn Ibo Land into Africa’s Silicon Valley in 4 years

  • Establish a Development Fund and encourage every Ibo to Contribute a minimum of N1000 per annum into the Fund

  • Establish a Board of Trustees to be Headed by Cardinal Francis Arinze to look after the fund for the Radical Development of Iboland and then watch How Nigerians will come begging to sell ideas to them after 4 years.

 

 

 

MICHAEL OKOYE

ABUJA