Tuesday, April 7, 2020

The Childishness of African Leaders and Their Folly Aides


Government order for these days is social distancing; and in-order enforces that:
Market places, factories, workshops, and other social places are asked to be shutdown
Churches even, were asked to close-up; and people who seem to have failed the regulation were embraced, flogged, arrested, shot to dead.
Why then does the same government congest people in the name of sharing only 2 to 3 cups of sandy beans to the masses? And while doing that people (women) even lapped each other, rained insults, fought each other for just 2 some 3 cups of sandy beans. Osisioma Ngwa North why? Abia State, Nigeria! How wise are we? What is 2 cups of sandy beans without ingredients? Rt. Hon Kennedy Njoku; what a fooling?
It is painful that for centuries till date that African kings are still children and our princess eats in the morning; they eat not for strength but for drunkenness
And I asked, is it that they are made like that or that they surrounded themselves with follies only? That they have failed to ask of the good that the white want for blacks, that they have exploited us for centuries and now we are vaccines testing ground and still they made the white man countries their resting, hiding and wealth storage store?
The distributors of inflation are gone while the retailers who bought high from the distributor are been embraced for selling high. Who is behind this unhypothetical economic analysis leading to such policies?
This video is From Isiala-Aro Ngwa Civic Hall, Osisioma Ngwa North, Abia State, Nigeria. Following the 2 cup of beans given by Hon. Member representing Osisioma North (Rt. Hon. Bishop K. Njoku) via COVID 19 stay at home maybe to mock them!


APPROPRIATION HYPOTHESES OF PUBLIC EXPENDITURE by Uzochukwu N. Azuonwu (2019)



Wagner; Peacock and Wiseman; and Musgrave are of view that increase involvement of the government on social activities of the state, administrative and welfare functions increases public expenditure and in return drive economic growth and standard of living within the nation.
Yes! But for public expenditure to drive economic growth; the funds must be well appropriated; that is, channeled to solving social and economic needs; and the budget items must be well financed and monitored.
But when funds are misappropriated: social, economic and welfare needs will accumulate then the existing infrastructure will deteriorate and citizen’s lives will worsen of; and the outrageous societal problems will lead to illusional and illusive governance (case of Nigeria).

1.     Hypothesis One (RESPONSIVE HYPOTHESIS): When government (managers of fund) is responsible and responsive to the social and economic problems; channel funds to those basic/pressing areas such as: education, building of road, electricity, industrial revolution and agricultural facilities which will increase economic activities. Then public expenditure will impact insignificantly on economic growth. And there will be no repetition on allocation of fund on same items.

2.     Hypothesis Two (IRRESPONSIVE HYPOTHESIS): Despite the increasing public expenditure, if government (fund manager) fails to be responsible and responsive to economic and societal problems. Public expenditure will not drive economic growth. Because public funds will be misappropriated, then social, economic and welfare problems will accumulate and existing infrastructures will deteriorate.

The work studied the public expenditure of Nigeria and its relationship on economic growth from 1981 to 2018. And it was found that the astronomical raise on public expenditure over the years has not replicate on economic growth within the country; as the nation is yet to achieve the basic economic and social needs such as: good road, stable electricity supply, quality education, quality medical facilities, quality education among others, despite the huge yearly budget on these items.