Bode Agusto

Yes, I know, this is old news. But it still bugs me. I was and am still infuriated over the fact that his ministerial nomination for the Finance portfolio was dropped by the 'powers that be'. I'm seriously biased, but in a good way. I know Mr. Agusto quite well and have had the opportunity to work for him in years past. He is undoubtably one of the most brilliant minds to come out of Nigeria and in my view would have been the ideal candidate for the position as well as the ideal person to continue the reversal of decay that has plagued the finance ministry for decades. Bode is also frugal, to a fault perhaps. And as his reputation may have preceeded him before he met with the senators on the floor of the House of Reps who had a big axe to grind, because they know that he won't give anybody the opportunity to chop and unscrupulously 'reallocate' funds as they please. Nigerian politics at its best.
I still regard this as a huge loss personally and to the Nigerian economy. Does this mean regression is imminent, or am I over-reacting?

To brush up on this issue, here are some of the editorials about it: The Sun News and on Janada's blog.