The 4 trillion naira cost of Aviation Minister’s cars

                                                                      Princess Stella Oduah-Ogiemwonyi

                                       Source: By Nnabros (Own work) [CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons

There are many factors to be considered for every decisions to be taken especially  when such action, inaction or mis-action has impact on people in your immediate circle.

Most actions do, the outcome of our actions have impact on more than one individual immediately or at a latter time. Certain categories of people who have greater impact are people in the leadership position in it various forms.

The miscalculation of any leader can have a devastating outcome. Therefore action or inaction should be weighed very well. Political decisions can be legal but unnecessary, it may be necessary but not expedient, normal but expensive and legal but economically unjustifiable.

Princess Stella Oduah-Ogiemwonyi, the Aviation Minister last week made a procurement of 2 expensive armored vehicles. The minister in one sweep bought what many LGAs in Nigeria try to accommodate in their annual budget they would only be left with kobos as change.

She has justified it that she has many apparent enemies which the armoured vehicle would protect her from. Her tribe men and women have rose to her support, it is a usual thing in Nigeria. Bode George had a rousing welcome from prison after stealing common patrimony ,Al Mustapha was welcome with large crowd in Kano even though many Yorubas have the feeling he has kill one of their own.

Our dear 51years old Princess have presided over the purchase of adult play toy which have been delivered. But one thing is that there is a futuristic cost of her action and opportunity cost of such action. But the 255million naira can be used for many things even in the Aviation Sector. If the same amount of money was to be invested in a viable government undertaking, at a conservative return rate of 10% annually and roll over for the next 30 years.

In the next 10years, when the beautiful Princess should be 61years of age and PDP maybe out of power then and out of scheme at the centre that money should have compounded into at least 600million naira, when she is 71years same must have turned into 1.8trillion naira and by the time she is 81years the money must have transformed with  abundant “fresh air” to more than 4 trillion naira that is close to the present Nigeria annually budget. Those armored vehicles would have been in antique collector junkyard by then anyway.

So much for luxurious moving steels for the Princess.