Key Points:
- Alibaba says the power load is too much for one source.
- He blames past leaders for poor cash plans.
- He says Nigeria could be like Dubai by now.
Top Nigerian comic Alibaba has called out the country’s leaders. He warned that the load on oil cash is now too much.
In his words, “One day, the load will be too much for this socket.” He says if things don’t change now, it may be too late.
Oil cash has made states too lazy
Alibaba said states and local groups must find their own way to make money. But instead, they just wait for oil funds from the federal purse.
“They were waiting for FAC account,” he said. He stressed that this mindset has hurt growth.
He said a lot of cash that could have helped the country was lost. “We could be like Dubai, Abu Dhabi or Qatar,” he added.
Past and current leaders blamed
Alibaba did not spare past leaders. He said they let the rot grow. “This present government met the rot,” he wrote.
But he added that the last leaders also “didn’t do anything about it.” He said this was why Nigeria is stuck in a loop.
He then praised the Single Treasury Account system. “It now makes sense,” he said. It helps track and plan how cash is used.
“Just sell crude, let next team worry”
He joked that the plan seems to be: “Sell the crude, borrow against it, and let the next government worry.”
This shows how poor cash plans have hurt the country. He warned that if it goes on, it could lead to worse days ahead.
Alibaba used a power socket to paint the picture. Too much load on one point will one day break it, he said.
