Restructuring (non-technically): Derivation or Ownership?

“Restructuring.” Its meaning is debatable and for many, it is about oil, resource control. Surprisingly, many see resource control as the receipt of an increased top-up percentage of “derivation” by oil-producing states from oil revenues issued by the federal government (FG) as fiscal allocations. Where is the control in receiving a token part of the revenues from resources mined under your jurisdiction? Derivation no matter the percentage is not reducible to restructuring. A synonymous concept to restructuring is “federalism”, the structural devolution of power from central government to federating units [granting them autonomy] within the national structure. If achieved in Nigeria, restructuring will effectively end the unitary system of government introduced by the military government since 1966. Very little is said about the “ownership” of natural resources in the mainstream Nigerian debate on restructuring. Is ownership a taboo word when it comes to oil and federalism?

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Professor Soyinka’s and the Pyrates Confraternity – I Disagree!

Comment: Over the past six years I have written several articles about the wrongs and decadence of University Campus Grown Fraternities (UCGF) (some deleted) with insider knowledge. I more recently even developed two essay series out of them, namely, Fraternities are Viruses in Nigeria and The Leadership of a Bad Brother  (both which do not names persons or fraternities) with another series in making that does mention names.  A major international media house and a documentary film maker have even contacted me for my expertise on the matter. However, over a decade before me Omoleye Sowore (in 2002) had written one of the most important articles on the source problem of cults (UCGF) in Nigeria and its possible remedies. I am sure many readers will agree.  Continue reading

The “Babangida Must Go” Protests: A Missed Opportunity for Revolution

The best chance of a revolution Nigeria had was initially led by young obscure student leaders at the University of Benin campus in May 1989; they staged a protest that became famously known as the “Anti-SAP Riots” spilt into Benin-City and rapidly to other cities in Nigeria including Lagos, Port Harcourt and Ibadan. The masses were firmly behind the student protesters and bought their persuasive message of obscene leadership corruption, thoroughgoing military repression and the rejection of neoliberalism that was mercilessly immiserating their way of life. The guns of the repressive military regime no longer frightened the masses, they had left nothing to lose. Continue reading

The ‘Couragelessness’ of Buhari: A Tale of Stolen and Uncollected Revenues

When it comes to attacking and witch-hunting the defenceless or the underestimated, President Muhammadu Buhari has a heart larger than Zuma Rock – his machismo is unlimited; when it comes to dealing with major players in the Nigerian economy Buhari’s timidity is amazing. In his anti-corruption campaign, Buhari has focused purely on the refund of stolen and the freezing of economic activity, causing much suffering and hunger in the land but he dare not go against the oil companies that have raped Nigeria for what it is worth for over half a century. It takes more than average testicular fortitude to deal with such concerns and losses. Continue reading

Wole Soyinka and Military Forgiveness III

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In a most unspectacular reinvention “moment”, Nobel Laureate, Wole Soyinka, has publicly declared not only his “forgiveness” but endorsement of President Muhammadu Buhari. He has affectional called Buhari a “born again” and a “new phenomenon”. Every man has a right to change his mind especially in the light of new evidence. Interestingly, Soyinka has changed as much as he claims Buhari has in real terms over the years in whatever direction he has chosen. Continue reading

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