Why Magufuli administration misses the point on Government splurge

[Rutashubanyuma]

Is Dangote demigod to overcome natural imposed constraints?

 

[Rutashubanyuma]

How will the current coal producer feel when despite his production nightmares now he has to see his contractual rights upended to accommodate a potential client?

 

[Rutashubanyuma]

Where are mitigation mechanisms?

 

[Rutashubanyuma]

Well, someone if not all needs a couple of iodine doses

 

[Rutashubanyuma]

Where is my iodine to begin with?

 

[Rutashubanyuma]

Again, poorly baked policies seem to haunt this administration

 

[Rutashubanyuma]

It seems they are in power because of slaking power hunger but not what they hammer us with: a doctrine of striding to the "Promised Land" doctrine at lecterns!

 

[Rutashubanyuma]

There is a niggling issue of the role of banks in our development spectrum

 

[Rutashubanyuma]

It will be baloney to claim only BOT and Nmb will be doing government business

 

[Rutashubanyuma]

The ground advanced for ingratiating the twin banks is too weak to deserve space in this discourse

 

[Rutashubanyuma]

Owning wholly or partially a bank cannot and will never justify excluding other banks from doing business with anyone let alone government business.

 

[Rutashubanyuma]

The cost of banking transactions, the regional spread of banking branches, the interest rates paid by the banks proffer some of criteria one needs to consider when picking which bank to do business with

 

[Rutashubanyuma]

Nmb is a small bank operator and will never rival NBC and CRDB in customer base & reach, interest rates payout and patting it on the back because the government received Tshs 34 bill in annual dividends misses the big picture.

All banks pay billions in taxes and reduce the cost of doing government business depending on rates of transactions among others whereof rooting on ownership benefits alone is distancing one self from a comprehensive benefit cost analysis.

With over twenty trillions shillings worthy of business operations the much vaunted dividends payout is only a small change in this potentially debilitating conundrum.

But thinking out of the box has never been a métier of this regime notorious for hatching more problems in the pretence of problem solving.

 

[Rutashubanyuma]

The cost of alienating CRDB and NBC shows beyond reasonable doubt not much thought has been given to this delicate matter promising gratuitous consequences across the board

 

[Rutashubanyuma]

Think of a primary school teacher whose geographically immediate banking facilities exclude NMB and has to begin exorcising the demons of covering mileage to get his haggard salary already deeply nibbled by TRA, local government, LAPF, Teachers union let alone regular deductions to fund the Uhuru torch and endless school forced contributions in the maze of a name of banking ownership fracas!

 

[Rutashubanyuma]

Actually I go on record, the transaction banking costs of quelling competition will in a long run lead to the government picking the rotten end of the stick

 

[Rutashubanyuma]

Instead of championing competition in every sector we are looking for ominous ways to frustrate it in the Azimio LA Arusha debacle.

 

[Rutashubanyuma]

In Azimio LA Arusha declaration similar stupidities were lauded to justify public ownership of major means of economy

 

[Rutashubanyuma]

We killed competition and now this regime still is groping at noon as if it is midnight!

 

[Rutashubanyuma]

Nyerere was a freshman so we empathized with his colossal errors of judgment but repeating them leaves no room for forgiveness but condemnation.