When rain clouds begin to gather in the sky, we expect that rainfall would follow. The sequential laws of cause and effect holds true in..
. By ILYASU GADU When rain clouds begin to gather in the sky, we expect that rainfall would follow. The sequential laws of cause and effect holds true in all we do.
As the late reggae superstar, Peter Tosh intoned in one of his hit songs, “You cannot take whisky and stay sober.” As graphic images of massive protests in Kenya over the International Monetary Fund (IMF)-inspired finance bill passed by the Kenyan parliament and was to be signed into law by President William Ruto came to view, many Nigerians could not fail to connect the events in Kenya with our own circumstances, which bear many similarities. But unlike in Kenya, the major difference is that it will be unlikely for Nigerians to take to the streets in protest against government’s harsh economic policies.
That street protest against government’s economic policies may not happen here in Nigeria despite that the hardship they bring is due to a number of verifiable reasons. One is that Nigeria’s economy is elastic. In real terms, the volume of the Nigerian economy is so deep and vast that perhaps no statistic or parameter of judgement can be adequate enough to measure it.
For example, a street vendor selling kolanuts or sweets in the traffic could well be a millionaire and it will not show in him. The volume of transactions that goes on in our buy-and-sell markets dotted i.
