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Deregulated regulation or regulated deregulation?

Deregulated regulation or regulated deregulation
Deregulated regulation or regulated deregulation
This is a blog post by Udom Ndinanake...We have a peculiar and maybe funny way of doing our things in this part of the world.
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We travel overseas and see how things work. We copy the models and winning formulas with the intention of importing it.

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When our leaders arrive the boarders of our country, they deliberately tweak and adulterate the models with the aim of making them malfunction for their benefits, to their individual advantages and our collective disadvantage.

From democracy to federalism and now deregulation, they are all aberrations and deviate greatly from the original master plan of the designers. How we often find ways of screwing things up, even when they appear impossible to be screwed up leaves me utterly bewildered.

What we call democracy here is certainly not democracy. We should perhaps look for something else to call it.  In a democracy the office holders are accountable and answerable to the public. They hold the electorate in very high regards and reverence. They consider themselves privileged to serve and do all they can to justify the faith reposed on them by the public.

If that is juxtaposed side by side with what we have here, it is hard to believe we are in a democratic dispensation. Here we neither have a say in the emergence of any of the office holders, they don't recognize our existence and their body carriage suggests they are the ones doing us the favour.

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Rather than is being the boss and they the servants, we are the servants they are the 'chairmo', rewarding only the boys that are 'loyal' with miserable handouts.

The so called federal system we claim to operate is shambolic and at best a fraud. The individual federating units (states) that make up the whole are less powerful than the centre and lack the needed autonomy of federating components.

As such rather than thinking independently of ways of generating revenue to pursue their respective growth and development, with hungry eyes they look to the centre for monthly stipends just enough to cover their recurrent expenditures, while the balance is pounced upon by an insatiable kleptomaniac political class. A radical departure from the successful American model we claim to copy.

You cannot untie a goat from a stick, then build a fence around the goat and announce to the world that you have set the goat free. You have merely changed the mode of confinement. Similarly, you cannot like Pontius Pilate wash your hands in public, withdraw subsidy and still fix price that should be left to the market forces of demand and supply.

It defies every known and unknown economic principle. The government neither subsidies garri nor rice and as such cannot peg their prices at a certain amount, so if the government as truly hands off PMS as they claim and want is to believe, it is an insult on our collective intelligence to still determine its selling price.

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However, if the government is propounding a new economic theory or school of thought in line with the change mantra, they should come clean and enlighten us, we are open to learning.

You cannot move up and down at the same time, it is impossible to be dead and alive at a single point in time or move forward and backwards with the same step. How to government wants to deregulate and regulate at the same time reeks of confusion and lack of any sense direction.

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