As a young man in secondary school, I liked football, but I was not good enough to make the team for my form/set, talk less about playing for the school. Football was not big business then, so though I would have loved to play, it was not a big deal.
Along the line, I became a supporter of Manchester United and enjoyed the glory days with Sir Alex Ferguson as their coach. With the exit of Sir Alex, being a ManU supporter became like living through a horror movie as coach after coach failed to deliver the goods and our city rivals became stronger and stronger.
The worst of all the coaches in my opinion was Ole Gunnar Solskjaer. I never could understand his game plan, that’s assuming he ever had one. I remember on several occasions he would make decisions and I as a layman who wasn’t good enough to make the team for his secondary school set would be able to see that this was a wrong move.
What I never could understand was how someone who played football at the highest level and was considered good enough to coach a team with the stature/calibre of Manchester United couldn’t see that these decisions were faulty when a layman and armchair analyst like myself could see.
I would often caution myself, reminding myself that this guy played football professionally and is being paid several Millions of Pounds to coach… Furthermore, he had an entire coaching team behind him, so even if he was making a mistake, was it possible that his entire coaching team couldn’t see what a layman like me was seeing? Very unlikely.
The results however showed overtime that truly he was either incompetent technically or as a manager of the people resulting in the players not wanting to play for him… either way he was incompetent.
Every time I think of the current CBN governor Godwin Emefiele, he reminds me of Solskjaer. This is a man that rose to become the Managing Director of Zenith Bank one of the biggest and most profitable banks in Nigeria and was chosen to run the CBN and is being paid several Millions of Naira to do so.
Can an armchair analyst who did not do as much economics in secondary school know more than this man? Very unlikely.
The results this man is producing however leave me wondering. This man has sat over the “destruction” of the local currency… understandable it hasn’t all been his fault. It however cannot be argued that some of his decisions have been detrimental to the Naira.
The latest being his decision to redesign some denominations of the Naira in such a short time…This truly will possibly address some of the issues it was set out to address, but I cannot believe that he did not see the potential of this decision possibly sinking the Naira even further. I saw it and I raised an alarm in some of the quarters where I have influence.
How on earth didn’t he see it? At the least, there should have been an analysis of the pros and cons of this decision. If this was properly considered which I want to believe would have been done, could he and his team possibly have concluded that the pros far outweigh the further impoverishment of 210 Million Nigerians?
This decision has been taken, even if he chooses to reverse course right now, which I doubt he will do, the result (a loss of value of the Naira from N770/$1 to N865/$) a 12.5% loss in value of the Naira in less than 5 days very likely cannot be reversed.
I mentioned in a forum I belong to, that in saner climes, with all the missteps this man had made over the last 6 or so years, he would have been given the boot. Someone replied to me that in saner climes he probably wouldn’t have gotten the job in the first place.