Good People, I think our generation of professionals are very sensitive. By writing that Access Bank could eliminate within 75% of its workforce, I have offended diverse people at the same time. Some said I PRAISED the man who is hiding under disruption to destroy families. Another said I ATTACKED the CEO Herbert Wigwe who for years, “you have a personal hatred”. I smile. Wigwe won my Person of the Year 2018. My comment on his decision is fair as noted here.
But the most annoying one came a few minutes ago: “we saw your article where you are justifying destroyal of jobs in Access Bank on tech. Did you not read that the honoruable minister and Nigerian Labour Congress have put statements that NO EMPLOYER CAN FIRE WORKERS IN NIGERIA. Let me tell you, what Wigwe did is illegal for going against a government position on this matter.” I smile to 4th power!
It is never new: write about a President’s bad policy like land border closure, some will say you hate Mr. President. Then praise him for really good moves like closing the latest loan (extremely necessary for Nigeria), some will write that I have been put on his payroll. Lol.
Let us have peace and approach Nigeria with facts.
“Then praise him [President Buhari] for really good moves like closing the latest loan (extremely necessary for Nigeria)”
This is why that loan is very important:
- NNPC was not making money due to the Covid-19 pandemic.
- VAT & broad tax revenue was not coming because offices were shut down.
- Local & international capital markets were frozen to give government financing support. Only IMF could have offered a way out, and it did.
So that triple whammy requires Nigeria borrowing since we do not have money for the rainy day to fight the virus and take care of the necessary urgent bills. That loan is for a health emergency and I do think it was a very necessary loan.