Connect with us

Strictly Personal

Before they kidnap our president by Lasisi Olagunju

Published

on

Singer and songwriter, Bukola Elemide, is better known as Asa. She was paid by the Nigerian state to perform on Tuesday last week in Abuja at the launch of the Nigerian National Petroleum Company Limited. Buhari was seated; many others who mis-run Nigeria with him were there too. They expected a Baba-has-done-well song because they were in the Villa tucked away from the groans of the grumpy, hungry poor. But black-clad Asa chose to ‘tickle’ them all with her song of rebuke: “There is fire on the mountain/ And nobody seems to be on the run/ Oh, there is fire on the mountaintop/ And no one is a-runnin’…” She sang and danced and sang and stopped. There was an applause. I am not sure it was as loud as it was supposed to be. Not all who had palms in that room clapped for the songstress. They were not sure which could be more seditious between their clapping and Asa’s song of fire. I won’t blame them. You never could tell, the president might understand the message! And why that particular song for that oily occasion? I watched the event and the song and the protest in the singer’s eyes. She appeared echoing Bob Dylan’s defiant explanation on a dark situation as that of Asa: “The song is a sort of striking out, a reaction to the last straw, a feeling of what can you do?”

Bob Dylan spoke about his song reacting to “the last straw.” The last straw would appear to be yesterday’s threat by Kaduna train attack terrorists to abduct our president and a state governor and others and sell off their captives. We’ve all watched the distressing video released by the terrorists. After thoroughly beating the unfortunate captives, they made an announcement; this: “Just as the Chibok girls that were sold off, we will equally sell these ones as slaves. If you don’t accede to our demands, we will kill the ones we need to kill and sell the remaining. By God’s grace, El-Rufai, Buhari, we will bring you here…” Scary. I wanted to say we should beg these fellows to leave our president alone because his freedom is our collective freedom, but then I remembered that the Villa is the safest house in Nigeria. And that is where the president lives.

I was in Accra, Ghana, two weeks ago. The very first nightu there, at some minutes past 10pm, I felt an alien presence by my hotel room door. Some people may be in deep sleep, yet they are awake. I think I belong to that group. William Shakespeare in Macbeth describes sleep as “death of each day’s life, sore labour’s bath, balm of hurt minds, great nature’s second course, chief nourisher in life’s feast…” Mahatma Ghandi, father of India, had his own version of what sleep is. He told his country: “Each night, when I go to sleep, I die. And the next morning, when I wake up, I am reborn.” That is sleep. My people say sleep is that thief that snatches whatever a child holds. But they also add that what is inside a child, sleep cannot take away. I was drifting deep into sleep; then that invasive feeling of strangeness by my door, then a knock and a hello.

Not every hello is from a friend. I knew that fact before I was born. I checked the time; it was 10.22pm. Who could that be? I used the peephole – some call it spyhole. A man in uniform, a security officer knocking at my door – at night, in a foreign country! I should open the door; after all, I entered Ghana fulfilling every demand of the law. But, you know, not everyone in security dress is a security man. We saw that fact at an APC event in Abuja last week where the roue were dressed in costumes of the puritan. My Latin-speaking friend would say “cucullus non facit monachum (The cowl does not make the monk).” Wearing a cassock does not make a man a bishop – not in Abuja, not anywhere. Whether home or abroad, never judge anyone by their external appearance. So, I froze the push to reply the ‘hello’ and open the door. Then I made to answer the knock; then the man in uniform started moving away. He left. I went back to bed. But on that floor of the hotel, I could hear doors loudly opening and closing, followed by human voices. I slept.

The next morning I was at the reception.
“What happened last night,” I asked the front office lady.
“We are sorry for what happened last night. It was the Immigration people,” she told me.
“Immigration in hotel rooms? What were they looking for.” I asked because it was strange to me.
“They do that randomly. Searching for illegal aliens. Sometimes they come at 2a.m. Catch them in bed, sort of. They want to be sure that the documentations we did on our guests correspond with what the guests hold. It is all for our country to be safe from unwanted guests.”

The receptionist noticed surprise in my eyes and asked: “Don’t your own Immigration people do that in Nigeria?”
I smiled.

While all that was going on, a private security man at the hotel gate was also saying ‘sorry’ to another guest, also a Nigerian. He explained that the Kuje jailbreak in Nigeria triggered the visit and several other visits to other hotels. The Kuje incident, you remember, unleashed 64 terror suspects on humanity. The fire on Nigeria’s mountaintop is noticed in Ghana and everyone there is running. No one wants deadly terrorists inside their bedroom. I reminded myself that my country is a very unusual country. Our security people are also unusual – things like enforcing rules against unwanted aliens hardly excite them; it is not profitable. Going after illegal aliens is apparently not part of the training my country gives its immigration men. It would be done only if it would fetch good fortune – like what they do with issuance of passports to Nigerians. Possession or renewal of a Nigerian passport by Nigerians is as difficult as entering the Kingdom of God; you hold the document only if you are strong and your breast plate is made of steel of diamond.

In and out of Ghana, the security men (and even cab drivers) I encountered at the decorous airport in Accra were well-dressed and courteous and businesslike. I arrived into the suffocation called Lagos airport and took more than a passing interest in how my country’s airport people handled their work. A very smart female superior officer was in charge of immigration procedures. Her men were in their cubicle attending to passengers’ passports the way they should. But the officer who attended to me was more on the phone than on duty. Perhaps, it was because it was a Friday. I should be forgiven for saying that. Here, Fridays are not for serious work. And I saw men in our airport doing security work in mufti. Should a uniformed force go to work without uniform – even if it was a Friday? James Hain Friswell (1825-1878) says dress has an effect upon character: “An ill-dressed man will never be so much at ease as one who is well-dressed…A mean and shabby appearance gives a man mean and shabby ways…”

Ghana appears to have better security sense than Africa’s most populous country. Wisdom is not assigned by number or by size We are a country of 200 million people badly managed and wrecked by collusion with the unthinkable. My own country does not mind being overrun by the fires of unwanted guests – from Niger, from Sudan, from Mali, from Chad, from Libya, from etc. They come and get grafted onto our stem. They are everywhere as I write, top to bottom. One day, aliens will rule over us – that is if it has not happened already. The cost for bad behaviour is very high. In December 1980, Nigeria experienced what history describes as the first major religious crisis in post-colonial Kano – the Maitatsine riots. It was led by one Mohammed Marwa, an illegal alien from Cameroun, whose entry was enabled by Nigeria’s unguarded openings and whose excesses were accommodated by the country’s complicit law – all because he was a preacher. That the riots officially killed 4,179 people is not the major tragedy from that war. The real tragedy is that Maitatsine riots deflowered Nigeria and prepared the ground for Boko Haram which has wrecked the North and its people and has murdered the peace of our country.

A train was going to Kaduna from Abuja 119 days ago, it was attacked by terrorists. Of the unknown number of passengers in that train, the terrorists killed some, they abducted many. There are 43 of the abducted still in captivity. A video of their horrific flogging by their abductors trended yesterday. Bulama Bukarti, a fellow at the Tony Blair Institute who watched the video and understood the language tweeted on Sunday that one of the terrorists said in the clip that “he was among those who escaped from Kuje Prison.” I saw frightened women, young and old; I saw terrorised children and infants in the video. And that scene is a Nigerian spot. Who is in charge here?

Nigeria is a huge mountain on fire and the whole world, except Nigeria, has noted that fact. That is what Ghana’s close attention to visitors from Nigeria means. Nothing saddens elders more than being told that an illness has no medicine, no corrective ritual. The creator of Nigeria gave it congenital deformity in manners and conduct that stultify its growth and the bloom of its flowers. Nothing will resolve the problem – not a 2023 continuation of APC/Buhari’s reign through Tinubu/èmi l’ókàn presidency; not a second coming of PDP/Atiku presidency; not Peter Obi and his ‘obidient’ warriors. Nothing. And you know what modern medicine prescribes as remedies for being born with defects: surgery, maybe, but compulsorily, long-term support. That is a little short of saying this country is an invalid that may go to its grave with its unresolved and unresolvable malformations. You may also want to ask: Those being paid to make things not to go bad, where are they? They are sleeping on duty while the nation burns in every part – from economy to politics to security to everything. The late Alaafin of Oyo, Oba Lamidi Adeyemi, in one of his many deep interventions, called our attention to what the palace drummer told the king every morning: “Get up, no one sends his child to the toilet to poo on his behalf.” A king-size job should be a king’s job. It is not so with Nigeria and its drivers. No one takes responsibility for nursing the invalid nation. Every delegate delegates here, leaving the job fatally undone – and without consequences. There was an attack on a prison very close to where the president calls official residence. A common slap on the wrist no one has received. A mass murderer, Adamu Aleru, was sensationally made a chief in Zamfara State days ago. The turbanning ceremony was not sprung as a surprise on Nigeria and its security agencies; it did not take place at night. The bandit gave enough notice of his public ceremony to all and it held with a bang. Big bandits bearing big names were reportedly in attendance. Nothing happened to the terrorist and his guests and nothing will happen to them. That is the dictionary definition of privilege. Aleru has even granted a press interview with the British Broadcasting Corporation (BBC) which is coming out today, 25 July, 2022, in a documentary entitled ‘The Bandit Warlords of Zamfara.’ In that documentary, you will hear this terrorist as he boasts, in cold blood, that while his men kidnap people, he kills people: “My men do that (kidnapping); I just go and kill them (people).” The world has come to an end in Nigeria.

Plato saw music as “a moral law” which “gives soul to the universe, wings to the mind, flight to the imagination, a charm to sadness, gaiety and life to everything. It is the essence of order; it lends to all that is good, just, and beautiful.” The president listened to Asa and her song of tears on Tuesday. The train terrorists spoke their threats on Sunday. If Asa’s words were too arcane for the king’s septuagenarian ear, his courtiers should do us a favour. Let them bring out the lines in giant print for the palace to gaze at and chew on. All of us, elitist complicit enablers of bad, in government, outside government, should pay attention to Asa’s ‘Fire on the Mountain’ – particularly the last stanza:

“One day the river will overflow
And there’ll be nowhere for us to go
And we will run, run
Wishing we had put out the fire.”

Strictly Personal

Paradox of foreign poll observers in Kenya who see evil back home by Jenerali Ulimwengu

Published

on

“When the hurly burly is done/ when the battle is lost and won.’’

This famous line in Shakespeareana was going through my mind as I watched and watched the poll results trickling in ever so slowly on Kenyan television screens, tracing the seesaw progress of the two leading presidential contenders this past week down to the photo finish.

The calm manner in which the collating of the results was done, despite all the cliffhanging and nail-biting, gave me hope throughout that this time around we were going to get to the end of this journey unscathed.

Of course, once bitten twice shy, and we always have reason to believe that what can go wrong will go wrong. Once, we have seen Kenyan election results thrown out by the law courts, and once, infamously, we saw Kenyans jumping onto each other’s throats, pushing their nation to the brink, literally.

Upward trajectory

I believe that what the Kenyans have shown us is that they becoming a learning people. Having gone to the precipice in 2007 and having experienced serious hiccups later, they have learnt their lessons, decided to cure their shortcomings and moved along on an upward trajectory. They have clearly refused to do the same thing the same way over and over again, expecting different results, the proverbial signs of insanity.

So, those who went to observe the elections were treated to a more serene scene than those I allude to above. They were looking at a people that is beginning to appreciate that elections need not be bloody battles, even though they be highly competitive, sometimes aggressive and bruising.

I thus commend the Kenyan people for showing us this face of their country, which tells me that it is possible to do politics in a civil manner.

Significantly, they have also shown us that time-hallowed stereotypes need not always be taken into consideration in the shifting political sands of Kenya: that a leader from Mount Kenya could embrace one from Nyanza and champion his electoral campaign was almost an impossibility only the other day.

Whatever else may have been lost in this election, that is a plus, a huge one. Now, we can expect the two communities to concentrate on what the Kenyans do best, and that is turn this ethnic détente into economic synergies allowing their young men and women to organise themselves together in the creation of wealth with the aim of heaving their communities out of the abyss of poverty and backwardness.

Let us face it, the only political messages that are worth looking at are those that aim at improving the lot of the people we claim to represent, to make their lives better, to seek to be inclusive in our programmes and to care for the least advantaged, seeking to achieve economic and social justice, the only basis for realistic peace.

I am a realist, and I of course never lose my focus on the fact that politicians will always lie, because that is the lot of them. Lying is to politicians what eating meat is to lions; they simply cannot help themselves.

What is required of them is that they do not destroy the habitat I which we all live.

Good one

As I pondered all that, I was naturally following on what the election observers from outside Kenya were doing and saying. I think that the practice of having election observers is a good one and which should be encouraged and enhanced.

Still, we could do it better by choosing who gets to be an observer. These should be people who have credentials showing they have practised observation in their own countries, and they should have shown that in observing elections in their countries they have proved their credibility and honesty.

For instance, if you want individuals to observe good footballing practices, you want to pick those who have practised football where they come from. It does not help matters if those who come to observe such activities have no idea of the offside rule or the difference between a corner kick and a penalty.

It is with this understanding that I would like to ask whether there was any justification for having Tanzanian observers in the observer teams for the Kenya elections, whatever regional organisation they were representing. When did they last have an election that even a casual onlooker could have recognised as credible, free and fair. When?

Nemo dat

There is a legal phrase in Latin: “Nemo dat quod non habet (you cannot give what you do not have).” It is usually used when deciding whether a proprietary right has been passed on to the current holder. But it can be used in situations where credibility is vouchsafed by someone whose own credibility is doubtful.

If in your own country you have not been able, or been willing, to observe and speak out against what is wrong, how can you now presume to observe and say anything at all in other countries?

Let me be fair: It was not Tanzania alone. I also saw a former Ethiopian president among the observers, and I was wondering about the same thing.

Nemo dat!

Continue Reading

Strictly Personal

Euro-Dollar Fluctuations: Is the Moroccan Dirham a Victim of Imported Inflation? By Hachimi Alaoui

Published

on

The global economy is witnessing an unprecedented motion in the value of the euro, as its exchange rate has reached levels not seen since the early years of its existence as Europe’s common currency. After a prolonged depreciation in the euro’s value, the euro/dollar exchange rate has almost reached parity.

It happened faster than expected, and the movement of the exchange rate between these two currencies has been non linear. The euro’s fall below parity against the dollar, however, merely reflects a widening gap in the interest rates between the two shores of the Atlantic. While the Federal Reserve has implemented aggressive interest rate hikes to curb inflation, the European Central Bank continues to opt for a more cautious monetary policy approach.

As a result, a significant interest rate difference between the Euro-Zone and the US, which has sparked larger capital inflows to the US and massive purchase of the dollars, as the dollar has become more attractive to investors.

The latest reforms are not enough

In a global context, however, let’s not forget that the Moroccan dirham is pegged to an anchor basket of these two currencies that reflect the relative weight of our trading partners. In 2015, Bank Al-Maghrib (BAM), Morocco’s central bank, and the Moroccan Ministry of Economy and Finance updated“ the Dirham’s basket weighting to reflect the current structure of foreign trade of our country.”

Under the updated basket, the Moroccan currency’s basket weighting is “set at 60% for the Euro and 40% for the US dollar,” notes the website of the finance ministry. But this range limits the ability of Bank Al-Maghrib to maintain the dirham around a predetermined central value.

The range has only been widened twice, in January 2018 and then in March 2020. In January, 2018, after years of a (+-) 0.3% range around the reference price, the dirham exchange rate began to evolve to a wider band of (+-)2.5%. The outbreak of the COVID-19 pandemic in March 2020 then prompted Moroccan monetary authorities to further widen the fluctuation range of the nominal effective exchange rate, thus increasing to (+-) 5% around a central value.

Despite this progressive process concerning the exchange rate’s flexibility, the fluctuations of the dirham bring out a basket effect that continues to dominate the liquidity effect of market drivers. The basket effect comes from the impact of the fluctuation of the euro/dollar exchange rate on the dirham, and the difference between this impact and the evolution of the reference price of the dirham is equal to the market effect.

While the dirham would appreciate against the dollar and depreciate relative to the euro when the euro/dollar exchange rate appreciates, it would depreciate against the dollar and appreciate against the euro, when the euro/dollar depreciates.

The Moroccan exchange rate regime thus allows the current appreciation of the dollar/euro to appreciate the dollar/dirham and depreciate the euro/dirham rates. Nevertheless, these fluctuating values of the dirham occur at the expense of Morocco’s foreign exchange reserves, which remain the primary buffer against external shocks.

Making the Dirham more resilient to external shocks

Given the dirham’s vulnerability to the relative values of the euro and dollar, switching Morocco’s monetary policy towards adopting a targeted inflation rate, announced by Bank Al-Maghrib, could lead to a stronger market effect. Such a monetary policy framework can be implemented with a floating, or at least, a more flexible, exchange rate.

However, this transition would amplify the exchange passthrough to inflation, defined as the degree to which Morocco’s domestic prices react to a fluctuating value of the dirham, and induce persistent supply shocks, namely cost-push shocks. Nevertheless, more market discipline would follow and the exchange rate, rather than international reserves, would serve as the main shock buffer.

The redesign of Morocco’s monetary policy framework becomes even more critical in the face of the increase of oil prices. Morocco has long benefited from a negative correlation between oil prices and the US Dollar. The resulting compensatory effect made it possible to mitigate, albeit partially, the increase in the energy bill paid in dollars.

But this compensatory effect has faded in recent months due to the  rise in the value of the dollar against the dirham, combined with a staggering increase in the cost of energy inputs. Taken together, these two outcomes have amplified the inflationary pressures that households are experiencing, negatively affecting the Moroccan economy.

Under such conditions, Bank Al-Maghrib will need to provide more support to the dirham at the detriment of foreign exchange reserves. However, current fixed-exchange rate behavior fails to support the Moroccan economy. By strengthening the foreign value of the Moroccan currency, the country maintains the same level of inefficient domestic absorption, which in turn leads to supporting harmful consumption of energy and the bad habit of using imported goods.

Moroccan households currently face a volatile exchange rate and energy shocks. And rather than consuming our foreign reserves to maintain the same rate of energy utilization, an awareness of our consumption habits is probably more suitable. The fact is that pegging the dirham requires selling central bank’s reserves whenever there is an exchange rate pressure that generates costs associated with the continued use of foreign reserves as an external shocks absorber.

On the whole, the support that Bank Al-Maghrib provides to the dirham helps maintain relatively high levels of an unfavorable and unproductive use of energy and raw materials. If these imported inputs are expensive and hinder economic growth, Moroccans need to be informed.

Greater flexibility of the dirham and the resulting depreciation of its exchange rate would reduce domestic energy consumption, whereas a fixed exchange rate simply fails to readjust our consumption habits.

 

 

Continue Reading

EDITOR’S PICK

Politics13 hours ago

Tunisia: Government, labour union, UGTT, agree on IMF intervention

In Tunisia, the government of president Saide has finally reach agreement with the country’s main labour and commerce unions for...

Metro13 hours ago

UN peacekeeping mission to resume operations in Mali month after suspension

Barely a month after the Malian junta suspended operations of UN peacekeeping troops on its soil, a spokesperson of the...

Sports15 hours ago

Nigeria’s Taiwo Awoniyi makes history as he scores Nottingham Forest’s first EPL goal in 23 years

Nigeria’s Super Eagles striker, Taiwo Awoniyi has entered into the history books of Nottingham Forest as he netted The Reds...

Metro16 hours ago

15 African migrants found dead in the Libyan-Sudan border desert

At least 15 African migrants were found dead on Saturday in the desert on the Libyan borders with Sudan, with...

Politics16 hours ago

Mali’s Prime Minister, Choguel Maiga, on “forced rest” by doctors

The Prime Minister’s office in troubled West African country, Mali has revealed that doctors have put the PM, Choguel Maiga...

Politics16 hours ago

Egypt’s President Sisi swears in new 13 new ministers after major cabinet reshuffle

Following a major cabinet reshuffle, Egyptian President Abdel-Fattah El-Sisi, on Sunday, swore in 13 new ministers at the presidential palace...

Politics17 hours ago

Kenyan VP Ruto in slight lead as presidential election results trickle in

Kenya’s Deputy President William Ruto, is currently enjoying a slight lead over his main rival, Raila Odinga, in the country’s...

Metro18 hours ago

41 worshippers killed, dozens injured as mysterious fire guts Egyptian church

At least 41 worshippers were killed and at least 14 injured in a mystery fire that gutted an Egyptian Coptic...

Metro18 hours ago

Sierra Leone: President Bio accuses opposition of influencing deadly protest

President of Sierra Leone, Julius Maada Bio has blamed opposition parties for the week-long protest that rocked the West African...

Sports2 days ago

Ballon d’Or: Do African nominees, Mane, Salah, Mahrez, Haller, Oshoala stand any chance?

It is pleasant news that five African players have been nominated for the Ballon d’Or award with Egypt and Liverpool...

Trending