Dictator Yahya Jammeh, in his latest desperate quest to attract Foreign Direct investment (FDI) in The Gambia, has decided to allocate piece of land to Nigerian movie actors and so called celebrities, the Freedom Newspaper can reveal. Jammeh thinks that by targeting the Nigerian entertainment industry, he can raise his badly needed foreign exchange for wasteful spending. There is no dollar, pound, and Euro in Banjul at this time. The foreign exchange scarcity can be attributed to Jammeh’s sheer greed and bad economic policies.
We do not think that the Nigerian entertainment industry is that desperate to invest in a failed state like The Gambia. It was an unsolicited advances from the deranged Kanilai despot. Jammeh is in desperate need of foreign cash. There is no E commerce prospects in Banjul that should attract or warrant any serious entertainment entity worthy of its salt to invest in that isolated dictatorial country.
Nigeria has other pressing economic matters to resolve than wasting its resources in The Gambia, where Jammeh has overtime killed private sector investment. He has frustrated both local and international investors—to a point that no one wants to invest in The Gambia.
The bottom-line is that: Yahya Jammeh has woefully failed as a liability leader. If Jammeh thinks that he can hide behind high end prostitution to attract Nigerian movie stars into the country, he better get his mind right. Jammeh is into a bigger scheme. We know what’s going on…
The international community is closely monitoring his misguided economic schemes. He did the same thing eight years ago, when he invited Nigerian bankers to help him launder his drug money. Jammeh knew at the time that there was no market to accommodate for the high presence of Nigerian owned banks in The Gambia, but that never stopped him from manifesting his suspicious behavior. Close to thirteen banks were registered in The Gambia during the period in question.
When the Bonto two billion dollar cocaine catch case was uncovered, Jammeh’s shady banking transactions dried up. Nigerian banks then started winding up operations in Banjul. Hence, insolvency threatens the existence of the aforementioned banks.
Today, there are few financially viable banks in The Gambia. With the exception of the UK owned Standard Chartered Bank, the remaining banks are virtually dead. The cash strapped regime is using the few remaining banks to loan money, even though Jammeh and his cronies have overtime proven to be risky borrowers. The regime is heavily indebted to the existing banks in Banjul.
In regards to Jammeh’s recent move to allocate state land to the Nigerian movie industry, it is imperative to note that the commercialization of state land is another way of raising revenue and attracting investment for the state. Some governments sell lands in an attempt to attract foreign exchange. Big economies such as the United States, the United Kingdom, Norway, and Germany can utilize their verse land for commercial and investment purposes. These are countries in which climate change, pollution, and investor rights are protected. Not in The Gambia… Investors are often robbed and thrown in jail just for the sake of it.
If truly Jammeh’s move is based on humanitarian grounds to allocate free land to Nigerian movie stars, and in observance of his fake “pan Africanism” values, he should first start with his own country, where the average Civil Servant worked his entire career without owning his own piece of land. The Social Security and Housing Finance Corporation cannot cater for the high demand of housing for Civil Servants. The institution lacks the budget and resources to fulfill its mandate. Jammeh has transformed SSHFC as his personal property. He has overtime squandered pensioners’ funds. Our retirees no longer earn their pensions. Jammeh has misused their savings into misplaced priority Kanilai Farm projects.
Even in our own backyard, the United States of America, some states allocate land to investors and community groups, churches and mosques. But that is different from what Jammeh is trying to achieve in this situation. Jammeh’s motive is questionable.
The Nigerian entertainment industry should treat Jammeh’s recent so called “benevolent gesture” with caution. Gambians are in dire need of shelter, food, medication, good roads, quality education and above all a sober and matured leadership that would champion the destiny of the virtually dead state.
The Nigerian entertainment industry should also refused to be used by Jammeh to portray a nonexistent picture of The Gambia; just for the sake of attracting tourists, or foreign exchange for the broke ass Gambian tyrant. What we expect from any serious entertainment outlet—be it local or international is to expose the suffering of the impoverished Gambian population. We rest our case!