By Kayode Emola
Four days’ time will mark exactly one year since Bola Tinubu took on the presidency of Nigeria and, for the millions of our people still living in Nigeria, it has been anything but their hoped-for Shangri-La. Even those who have sought refuge abroad haven’t escaped the nightmare, as they discover that the land is not greener on the other side.
In the run-up to the 2023 general elections, many Yoruba people were against secession from Nigeria. They nursed the hope that a Yoruba presidency would favour our people and perhaps would even offer the opportunity for a restructuring of the country.
The truth is that this is just an illusion designed to prevent us from understanding the real problem that we face. Part of the issue is the existential crisis posed by the Fulani; but the bigger picture shows that our major problems lie outside Nigeria: the Great Powers of the world, and in particular, the United States of America.
In 2011, the US Army presented a report predicting how the dissolution of Nigeria would affect America. It is worth noting that the report centred mainly on how the US would maintain continued supplies of the raw materials that Nigeria is endowed with, with no mention of the welfare of the millions of our people currently living below the poverty line.
The report predicted that the disintegration of Nigeria would come from the Niger Delta area, that the militants there had sufficiently sophisticated weapons to outmatch the Nigerian military. I believe that, in response to this report, the US government must have advised the Nigerian government on how to manage the situation.
However, the US failed to predict that the ascension of a Fulani man to the Nigerian presidency would force the Yoruba instead to seek their own nation independent of Nigeria. When this dilemma became apparent, the US was forced to seek an alternative solution. By making a Yoruba man president of Nigeria, perhaps the Yoruba people would be placated from seeking an independent nation, and instead begin to see themselves more as part of an integrated Nigeria.
As events unfolded, the reality of a bankrupt Nigeria began to set in. President Tinubu removed the fuel subsidy and floated the currency, allowing market forces to dictate prices of commodities. Income could not keep pace with inflation, and everything went haywire. In the end, the losers were those self-same Yoruba people who thought they had been smart in electing one of their own as president.
The election of Tinubu as the president of Nigeria cannot alleviate the pain and suffering our people are currently enduring in Nigeria. The situation is so severe that it is now even affecting our kinsmen who have travelled abroad, especially those who travelled for educational purposes.
Inflation and high exchange rate have eroded their savings, causing them to struggle to pay their tuition fees in their place of higher learning. This has led to them being declared persona non grata by some institutions, and, in turn, by the United Kingdom as a whole. This shows that the belief that one must leave the country in order to make headway in life is just an illusion.
My message to our Yoruba people is simple: we cannot continue to pretend that the situation in Nigeria is not now far worse than it ought to be. Even if Tinubu fulfils eight years in presidency, it cannot change the fortunes of our people. Nigeria makes only around $10 billion annually, but runs a wasteful budget of around $25 billion each year. This is driving the country into an eternal deficit that even our children or our children’s children may not be able to pay back.
The best option for us as Yoruba people is to cut our losses and get out of this failure called Nigeria. That is the only way investors would be willing to return to investing in the engineering, science and technologies that will bring about rapid development to our people. With development will come about high-quality jobs that will transform the fortunes of our people, and in turn, allow our country to live within its means.
I implore my Yoruba people to understand that flogging a dead horse will not make it come back to life. Investing time and resources into Nigeria is like pouring rainwater into the ocean hoping to take away its saltiness. It can never happen; so the earlier we get out of Nigeria, the better it will be for every one of us, both at home and in the diaspora.