One of the most interesting but intractable things about development in Nigeria is the pervasive perception of both what it is and should be. What is development? Why are Nigerians always left behind? These are questions best answered indirectly. Continue reading
Deadly Cuts: O Pally, I am so scared for Nigeria at the moment. It is more than tragic what is happening.
Yankius: Corona virus is…
Deadly Cuts: Who is talking about Covid-19? It was bound to devastate Africa especially Nigeria one day. I was talking about the potential economic and political collapse of Nigeria now that oyel no longer has any value on the global markets. Hungry go wire Nigerians O!
Yankius: Oyel! Ha ha ha! All the trillions of dollars Nigeria made from oyel openly and solid minerals secretly was never treated as anything other the personal “kpoke”.
Deadly Cuts: What is kpoke?
Yankius: Pocket money. Money for luxury housing, luxury cars, private jets, designer clothing, luxury tourism, maintaining girlfriends and concubines, hosting grand parties, spraying obscene amounts of foreign currency. It was all pocket money, kpoke. It was never invested; all investments were funded by loans. Now Nigeria cannot service the over$100 billion it owes. Continue reading
What is Col Sambo Dasuki doing locked up in detention indefinitely without trial at the behest of President Muhammadu Buhari? What happened to court trials in Nigeria which are sending other politicians guilty of corruption to jail? Supporters of President Buhari [regardless of party affiliation] would naively (the vast majority) or insincerely (very few) have people believe that Col Dasuki’s detention is evidence of a strong anti-corruption ethos under the present government. The truth is that it is one of the most histrionic acts of corruption of the Buhari Presidency courtesy nepotism. Dasuki is in detention for his very own safety at the fawning kindness of the President. If anyone can accurately evaluate the most likely politician that would be assassinated in Nigeria on any given day of the year, it will be Dasuki by a very wide margin and it is unlikely he would survive unprotected. But why? An informant in military intelligence tells us. Continue reading
There is an insightful article for those interested in governance by Taiwo Makinde titled Problems of Policy Implementation in Developing Nations: The Nigerian Experience. In the paper, the Makinde explains quite persuasively why policy implementation in Nigeria routinely fails with successive governments. He implicates, among other factors, a lack of continuity of policy implementation from a previous government to a succeeding, e.g. from Presidents Babangida to Abacha [or Jonathan to Buhari]. Ego [of the leader] is the reason he provides for this. The logic is simple; it is better for the current president to sabotage the good works of a predecessor and initiate his own that will place his mention high on the lips of posterity. It holds for all forms of organisation in Nigeria. The significant exception is President Muhammad Buhari and for strange reasons; blamocracy [and claimocracy].
Tafia Hallelujah: Yankikpuzi! Way say you now!
Yankius: Any time you come around here, I know you have a quarrel for me. What is it?
Tafia Hallelujah: You didn’t event greet me or ask me how I am doing?
Yankius: Tafia: “Tafia We Thank God”, What is angering you?
Tafia Hallelujah: No be small o. Oga Buhari is asking Obasanjo what he did with the $16 billion that he voted and disbursed for electric power development during his time as president. The question don wound Obasanjo.
Yankius: I no fit laugh o, I no fit laugh at all. Buhari is just looking for someone to blame for his own dreadful failures again. It is true that Obasanjo, Segun Agagu, Liyel Imoke, Charles Soludo, Ngozi Okonjo-Iewala, Oby Ezekwisili and some others know about that $16 billion very well but why is it now that Buhari is raising the matter? The Senate raised the matter three years ago when Buahri just came to power but it died a very natural death. Predictably. Continue reading
I reject the claim the article titled Gowon and Babangida Created Nigeria’s Drug Culture, which I wrote is guilty of appropriating unnecessary blame to Gowon and Babangida wrongfully or misleading readers about the creation of the drug culture in Nigeria. In the first paragraph, I made it clear that some will disagree with the content. There is a big distinction between the “drug culture” and “drug trafficking” in Nigeria; the former is local Nigerian addictive drug use and the latter concerns Nigeria as an “entrepôt” for international drug trafficking. Even if some assume they are the same thing, let us look at the Gowon and Babangida regimes and their impact on drug access more carefully and see where the blame for Nigeria’s drug culture lies. Continue reading
It is certain that “access to drugs” policies have been mostly responsible for either a rise or decline in the demography of drug addicts in Nigeria. A controversial thing the Obasanjo military government did in 1976/77 was to progressively ban many goods [including controlled substances] into Nigeria to curb the wanton and wasteful “Import or Die” phenomenon triggered by the unexpected “Oil Boom” years governed by General Gowon. The first experience of drug culture in Nigeria, though very limited and short, was a creature of the frenzy of Oil Boom importation. Some will argue the ban’s impact on drug use was inadvertent or even nonexistent. Nigerians back then did not have to escape reality though; life was good and masses sought conspicuous consumption and luxury. When the ban on imported goods came into effect the drug abuse phenomenon faded like a fad but created smuggling boom in which smugglers found Veblen goods like lace and refined stills far more profitable.
Ironically, the viral drug problem of today’s Nigeria is fuelled by poverty, the demands of socio-economic survival and very harsh realities. The recent ban of codeine-based cough syrup by the Buhari administration after the BBC’s damning expose, Sweet Sweet Codeine will have nothing like the impact of the ban put in place by Obasanjo in 1970s. The present drug problem has now reached a high point after a long surreptitious build up; all presidents since Babangida reportedly created the Nigerian Narcostate have allowed the problem to fester. I will share my witness. Continue reading
President Buhari like many past Nigerian heads of state is living proof of why slavery flourished along the coast of West Africa a few centuries ago. While the Europeans, Americans and others nurture, support and encourage their youth to build the edifices that have come to symbolise civilisation and world power, many African kings never had any use for their proliferating population of youths. Today is no different. Diaspora is the dreamland of the Nigerian youth. Under Buhari’s administration, the incentive for the Nigerian youth to go overseas for a better life has never been greater because of the lack of opportunities that stare them in the face. If leaders have no respect or value for their youth, who will? Continue reading
It is very brazen political lying to equate the refund of stolen funds to the state with political success or successful anti-corruption. Effective correction, detection and prevention are the all-round benchmarks of successful anti-corruption for any given democracy. Only proper correction can make precise detection worthwhile, which in turn makes adequate prevention robust. The recovery of stolen is the supererogatory part of the correction and legal punishment the obligatory part. The successful prosecution and conviction of corrupt persons for corrupt practices without any recovery are also deemed successful anti-corruption. “Big theft, Big punishment” should be the motto of any serious anti-corruption government, not recovery. The recovery of stolen funds without formal legal correction is at best dysfunctional just like a car without wheels is dysfunctional. Recovery may be impressive in a backward country or to liars and the naïve but not in a civilised one or to politically aware people because there is an understanding of the impacts of “structural traumas of corruption “A political lie has started to unravel. Continue reading
Yankius: Shukus, what’s gwan? Why you squeeze face like corner of anus when diarrhoea don distress small?
Shukuli: You rap shit always so no surprise in your welcome, ode. Just see how Buhari betray Southern Nigerians internationally. Can you image? Buhari serious tell the World Bank make them develop Northern Nigeria leave South behind. Meanwhile, Southerners dey support Buhari like dense slaves. Southerners are born fools, you know. Continue reading
Pepper Rest: I just wonder why Buhari go brand IPOB as terrorist organisation when they no do any terror, not even a single act. IPOB are even the victims of continuous state terror. I am sure Buhari is running scared and desperate, that’s why resorted to such low tactics. Continue reading
Anti-corruption is not a simple task to handle and it is not always straightforward. There are practical exhaustive steps to fighting corruption if properly executed (even with mistakes) that could certainly lead to massive reductions in the incidence and scale of the phenomenon. Currently, there is nothing of substance either straightforward, indirect or practical about the mission of anti-corruption in Nigeria that swept the current government of President Muhammadu Buhari into power. Corruption has at best become a “spiritual exercise” in the sense that the President and his Anti-Corruption Czar are behaving more like minor biblical prophets sent to warn their people than kings and administrators who ruled people with effective direct instructions. It’s time to pray. Continue reading
Today, on Nnamdi Kanu’s release he has become “cause celebre” supreme in Nigeria. He visits and is visited by an impressive list of the ‘high and mighty’ in the land. Despite his oppressive bail conditions which prevent him from undertaking any activism or agitation activities, Kanu’s persona is flourishing. Kanu has become an unlikely but genuine national icon of the “Igbo struggle”. Igbo leaders who shunned Kanu when his troubles began must now embrace him, expediency would not permit otherwise. Otherwise, Igbos and other Nigerians who saw him a mere nuisance cannot deny his current moment of greatness. Yet, Kanu’s greatness was a far too visible and predictable product of an unwitting incarceration by the government of Muhammadu Buhari; Buhari made Kanu [great] as foreseen in The Government Has Jumped Up Biafra (see http://wp.me/p1bOKH-pt). Continue reading
James Ibori is both Nigeria and a Nigerian in the most representative of terms. The Ibori Corruption Saga has much less implication for the ex-governor of Delta State himself; it is a signature of Nigeria as it, its forgettable past and possibly its uncertain future. Ibori’s triumphant entry into Nigeria is seriously superficial, his real welcome was a very deep reflection of the expectations and preferences of the ruling elite in Nigeria and their clients. Ibori’s return home to Nigeria is a test for all who have misgoverned and stolen big from Nigeria.
Nigeria has no time or space for impractical people. By nature or nurture, the Nigerian is thoroughly pragmatic, mostly about money and power, in all their ways. Money (and power) is the true God in Nigeria, not Jehovah, not Allah, not Mohamed, not Amadioha, not Olodumare and not Okunovu; why deceive yourself? Super pastors are in strong competition with each over the obscene claim of being the “richest pastor in Africa”. When neoclassical economists say every single thing human beings do is merely to increase their utility or profits, they are describing Nigeria perfectly. Continue reading
Any political party promising to sell rice at 2014 prices might sweep President Buhari’s administration out government resoundingly. Never underestimate the hunger chasing millions of Nigerians like an avenging angel.
When the government introduces good ideas in Nigeria, they come as brazen wayward prostitutes never as enduring industrious spouses. The stuff of quick fixes never endures. The latest new concept necessitating the governments interest in Nigeria is rice. A few years back, rice became the rage because of the focus then was on “[political] ricism” – the use of rice [and other items] by politicians to induce voters to make on the spot decisions to vote for them. Now the rage is “rice self-sufficiency” – restrict rice importation (by imposing 60% duties) and improve the local rice industry’s production capacity. Consequently, rice is much less affordable in Nigeria today than hitherto, and citizens are feeling the sharp pinch. Before anyone qualifies the policy of rice self-sufficiency, we need to ask if it is another serial prostitute in the hands of the government or not.
It is highly regrettable that the controversial Christian clergyman, Johnson Suleiman, of the Omega Fire Ministries International used a sermon at his church at a Sunday service to practically incite violence against Fulani Herdsmen. It was a tit-for-tat statement, not the stuff of Christian preacher. He knew what he was doing, but his remarks might fail the “Brandenburg Test” making them speech offences. In a nation were at least half of the 170 million citizens are very angry but also very helpless about the Fulani Herdsmen problem, the question is how much blame can we ascribe to Suleiman for his unfortunate sermon? Continue reading
When last week Grand Minister, Babs Fashola (SAN), claimed his now-famous incapacity to revamp the Nigerian electric power sector was partly due to the inadequacies of Nigeria’s population census agency, he knew he was lying. Another grand act of blamocracy engendered by the Buhari administration. Nigeria’s electric power problems are primarily that of money (investment) and transparency (incorruptibility); it has nothing whatsoever to do with population census. Fashola did not even have to lie about Nigeria’s electricity development backwardness even though he lied about giving Nigerians an ‘electricity miracle’ in just 18 months if President Muhammadu Buhari won the 2015 general elections. Any fiens?
In 2000, Nigeria’s electric power sector had an underinvestment backlog bill of a minimum of $5 billion, $10 billion was more like it. That bill accrued during the period, 1984 to 1999, tacitly under the leadership of Generals Buhari, Babangida, Abacha and Abdulsalami according to the United States Trade and Development Agency. Olusegun Obasanjo squandered the best opportunity Nigeria had to invest in the electric power sector (2000-2007). Goodluck Jonathan also squandered a fair chance and blackouts were interestingly put up for privatisation. Now in 2017, the bill stands at about $20 billion minimum. The reality of electric power development is straightforward – if you do not have several billions of dollars to invest transparently and diligently, forget about it altogether. Nigerians should bravely accept they will not get constant electricity (24hrs all-year) for many years to come.
Does Fashola’s ministry have even just $5 billion to invest, a quarter of the minimum sum required to revamp the sector?
One of the big lies trumpeted of the electric power sector in Nigeria is the spectacle of “installed capacity”. For over 40 years Nigeria has been struggling hopelessly with 6000 MW installed capacity. Installed capacity is the generation capacity of the sector. Capacity is only a potential and does not automatically translate in electricity delivered to end-users. Despite Nigeria’s installed capacity Prof J B Akarakiri published a paper in 1999 in Energy titled ‘Private Electric Power Generation as an Alternative in Nigeria’. The paper was just three pages, but its implications were visionary and devastating; Nigeria should forget about the centralised electric power National Grid for its constant and sustainable electricity supplies; people should opt to their own generators if they wanted stable or on-demand supplies of electricity. Less than a year after the publication, Nigeria witnessed it’s first “zero installed capacity moment”, total national blackout.
Fashola has had a few “zero installed capacity moments” of his own since he became the Grand Minister.
Going back in time, in 2000 the National Electric Power Authority (NEPA) had on its books 1.6 electricity customers with 51% residing Lagos State even though, Nigeria had a 150 million population and Lagos State had 11 million. These figures indicated that just over 1% of Nigerians were electricity customers and Lagos State only 7% of the national population. It is evidence of gross nonfeasance and inefficiency by NEPA and the government. Research by the author carried out in 2002 demonstrated that in Lagos State, electricity customers were about 400% greater than what NEPA had recorded. Electricity meters for customers were scarce and expensive, power theft was rife, illegal (mostly unsafe) connections (to whole communities) rampant. Furthermore, tenement buildings (face me, I face you) that litter Lagos had ten to twenty families as tenants. Many tenants used microwaves, TVs, VCD recorders, boiling rings, electric irons in them using one meter and registered as “one customer”. How can peak demand and average daily demand for electricity supplied be appropriately calculated with such grossly underestimated customer data?
How many electricity customers does Fashola say the regulators claim they had on their books in 2017? Ask him.
In a properly run society, every regulator like energy corporations conducts its own customer-based census. It is called market research. Guinness Nigeria plc knows how many customers it has and uses it to determine growth areas, supply chain approaches, marketing strategies and more. It even uses such information to determine how many people are not drinking Guinness stout because they drink Star, Gulder, Trophy or other beers. If Guinness data management cannot be handled by itself, it would outsource the job to a reputable market research firm like RMS.
Fashola’s advisers should tell him the difference between per capita and per customer in market/sector analysis or planning.
What is the solution to the problem of electricity in Nigeria, many would ask? $20 billion and meticulously transparent oversight; any other technical explanations will have to start from here on. Where will Fashola find the money and are there enough honest personnel to get the job done? Environmental campaigner, Nnimmo Bassey, has persistently highlighted in the media how Nigeria loses over $1 billion annually in uncollected gas flaring penalties from oil production companies operating in Nigeria and also over $5 billion annually in tax fraud from oil services companies. That amounts to over $6 billion annually lost to the Nigerian purse; legitimate and deserved money. This money if honestly collected and invested, can clean up the Niger Delta and completely revamp the electric power sector in just five years. It is not Fashola’s problem but his boss, Buhari, is Minister of Petroleum. For all his anticorruption messianics, he has done nothing about this particular fraud and inertia.
Fashola does not have to be dishonest about the deplorable state of electric power in Nigeria. He unwitting inherited a disaster. And he can keep his blamocratic excuses for election time. Nigerians should know the realities of their electric power sector even though it is not pretty and “change” is faraway.
Southern Kaduna Massacres are the stuff Nigeria is made of. Before anyone dismisses such a claim, we have to examine the pervasive ‘value of life’ in Nigeria to both ordinary citizens and the government as well as the cost of ‘taking life’ in Nigeria; ‘life’ here mainly refers to that of the ‘underdog’ [the weaker Nigerian by dichotomy]. Religion and oil politics have led to the biggest massacres in Nigeria’s history, including the Civil War, but life is taken daily with sudden and unexpected spontaneity everywhere in the country for innumerable reasons, some totally inane. Tragically, unless the United Nations, Amnesty International or some heavyweight foreign NGO takes interest in the matter, Nigeria’s leaders, politicians and intellectuals simply ignore the problem. The White Man’s Burden all over again, in another dimension?
If you were to personally ask President Muhammadu Buhari what the most successful thing a person could achieve in Nigeria was and he is candid with you, he will tell you to seize power (through coup d’ états or general elections) or amass riches (through grand corruption). Power and wealth for their sake will always breed corruption, and that is mainly why the president himself is not exempt. We all know that, but some emphatically deny it. The Panama Papers scandal involving tax evasion and money laundering cases in off-shore havens shook many international heavyweights in the civilised world but not Nigeria. Buhari’s administration has rendered big thieving Nigerian politicians and quasi-businessmen completely “Panama-proof”.
The trouble with Nigeria is simply and squarely a failure of leadership. There is nothing basically wrong with the Nigerian character. There is nothing wrong with the Nigerian land or climate or water or air or anything else – Chinua Achebe
In the year 2017, Nigeria’s economy is predictably going stagnate further without recourse to rescue. Maslow’s ‘hierarchy of needs’ will be mostly only fulfilled at the bottom level in the nation. The imminent threat of mass hunger will eventually overtake the ‘Nigerian genius’ of denying hunger when living with sharply decreasing calorie intake over time. Stuff higher than food and water will be harder to acquire or keep. Hopes for improving personal prosperity have never been higher but the economic, cultural and political climate has never been so decisively forbidding. Business opportunities, profits, employment, ethical credit, education, exchange rates are all facing steep decline. It is all, sadly, a problem of leadership and the “Household of Buhari” is a big part of the problem. Continue reading
When I read the article titled ‘The Welcome Party for Ibori’ by Simon Kolawole, it was thought-provoking journalism considering the context of Delta State’s ex-Governor, James Ibori’s much-celebrated release from Belmarsh Prison, London, England. Many Nigerians mostly see Ibori’s celebrated release by mostly people from his home state of Delta as a national disgrace and most rightly so. However, when you consider Nigeria’s history of convictions for corruption, many who complain about Ibori’s smug prison release may simply be tribalists who would do the same if “their man” was convicted and eventually released. The real crushing national disgrace for Nigeria is that it still cannot convict her Big Thieves in her courts and rely on foreign governments to convict “selected” offenders. Yet, Nigeria celebrates Independence. Continue reading
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 fantastic. 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. Still, 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.
The Niger Delta Avengers (NDA) may not be a praiseworthy entity to many but their emergence and defiance have provided a thorough and incisive diagnosis of the dissembling cohesion of the nation-state called Nigeria. Nigeria has never been a thoroughgoing republic but simply a geographical “convenience” of British colonial exploitation (for palm oil) and a political “convenience” of Northern Nigerian auto-colonial hegemony (for crude oil). Race and tribe have played an exceeding big role in the creation of NDA. Enduringly placing the ‘straightjacket of inferiority’ firmly upon Niger Delta people/region who never asked for it by people who have extracted its wealth in obscene amounts without considering the indigenes will generate extreme reactions. Oppressive exploitation of oil in a highly fragile state does not work forever; President Muhammadu Buhari will learn this. Continue reading
So many Nigerians (particularly those from Delta State) I have come across in the UK very recently appear to be the alter ego of Amaju Pinnick, president of the Nigerian Football Federation (NFF). Quite shockingly, far too many people appear to know him personally and very well. Pinnick’s name is being dropped so frequently and intimately by so many Nigerians, one begins to think he is probably the most socially friendly, widely connected and open individual from that country. Pinnick is not an internationally famous celebrity but his private and public life just as well-known or supposed as so among numerous Nigerians. It is Olympics Time! Continue reading
A keynote lecture presented at Green Economics Institute 11th Annual Conference at Kellogg College, University of Oxford, England on the 29th of July 2016. The moderator was Miriam Kennet, the CEO of the Green Economics Institue.
Anytime you hear that a new great ‘developmental project’ is being planned and undertaken by the Government of Nigeria (GON), it is important to identify who the short, medium and long term beneficiaries and losers created will be. Consultants, contractors, traditional land-owners, traditional rulers, government officials, board members and special interests groups are the short, medium and long term beneficiaries with a mix of obscene upfront fees, atrociously inflated contracts, preferential job offerings, generous concessionaire privileges under privatisation and convenient abandonment clauses. The 150 million ‘everyday Nigerians’ who the GON take out odious “development debts” on their behalf without asking them (by default) become the permanent losers but projected as winners by GON. This ‘development’ winners/losers dichotomy has now been moved to nuclear power, oil is failing. Continue reading
Even though President Muhammadu Buhari was riding on a high crest of fame and popularity during the Anticorruption Summit held recently in London, it was evident it would not last for long. Buhari used that momentous platform to assure Nigerians (and the entire world who were keenly watching) that the list of names of Nigeria’s big thieves (past and present) and their stashes will be “revealed” to the nation on the 29th of May 2016. The President did address the nation as promised but was silent on the promised “revelation”. Buhari should be thanked by Nigerians for saving “One Nigeria”. Continue reading
The first corruption prosecution of President Muhammadu Buhari’s reign has succeeded. The former Director-General of the Nigerian Maritime Administration Safety Agency (NIMASA), Raymond Omatseye, has been sentenced to five years in prison for his orchestration of N1.5bn contract scam. Omatseye got what he deserved; every guilty man and woman should be punished according. Well, not quite. The process that led to the conviction precedes this administration. Then this success is actually a major failure of anticorruption when considering the political economy and ethnic dynamics of Nigeria, a massive sham. The prosecution / conviction of Omatseye suggests a pattern of ‘ethnic ease’ adopted by several Governments of Nigeria (GON); the smaller the ethnicity of a corrupt official the easier it is to convict him or her and vice versa. Continue reading
This article starts and concludes with the following sentence. “Governance and corruption are essentially about social organisation on a scale that ranges from very good governance to very bad governance.” Very good governance regarding government and organisations does not necessarily suggest the absence of corruption but very bad governance is typically characterised by serious corruption. It is important to focus on the definitions, approaches, perspectives and logics of corruption as long as they are appropriate. However, it is unfortunate when the purpose of managing corruption with anticorruption is often forgotten; the improvement of social organisation or maintaining high standards of enforcement. Social organisation at its root is the ‘collective action’ of two or more people. As the numbers of people organised increase so do the complexity of its management. Continue reading
Corruption takes place in every nation and at all levels in systemic and non-systemic forms. To compare corruption in Nigeria with that in Britain is equivalent to an episode of severe schizophrenia. Capital flight, as it functions in the arena of corruption, happens due to politicians in unstable economies and where the monies can be seized; the wealth is then taken to a “safe haven” nation [in Europe, America or the Middle East] that has a stable economy and the wealth safe from expropriation by nations of origin. Corruption and capital flight has damaged Nigeria perniciously, when will it stop? Continue reading
Fulani herdsmen have always secretly been subversives monitoring and reporting activities throughout the length and breadth of Nigeria and they have paymasters; so my source affirms. This information, however, does not explain the ostensibly ‘senseless phenomenon’ happening frequently in Nigeria today; the killing/kidnapping of Nigerians all over the country by Fulani herdsmen. The long-hidden history of Fulani herdsmen grazing their cattle all over Nigeria should no longer be a secret. Continue reading
How can a so-called modern nation be perennially managed since Independence by way of “unsolicited proposals”? President Muhammadu Buhari came to power on the slogan of “Change” but he is still governing Nigeria unrelentingly with the instrument of “unsolicited proposals”. When loans are used to fund “unsolicited proposals” it is no different from gambling, high-stakes gambling. Any government that manages its affairs and vision with total dependence on “unsolicited proposals” is devoid strategic planning, structural effectiveness and reliable outcome expectations beyond the short-term; such is governance by improvisation [haphazard] and instantaneous expediency. Is this truly the way forward for Nigeria? Continue reading
President Muhammadu Buhari won many die-hard supporters purely because he refused to play the game of “begging bowl politics” at a time when Africa’s innumerable dictators were queuing up to take IMF / World Bank loans as global neoliberalism aggressively dictated. If Buhari had accepted the aggressively marketed neoliberal-induced loans, General Ibrahim Babangida might have never become president and Nigeria’s recent history different. Conversely, if Buhari had remained in office enduringly then with the “no loan” stance, Nigeria might be up there today with Botswana, a nation that rejected IMF / World Bank loans. However, Buhari, now a democratically elected president is actively courting loans from economic powers, the most recent being China. What happened? Egnahc? Continue reading
If it is true that countries can be ‘cursed’, Nigeria’s most prominent curse will be constantly having “Good Leaders Surrounded By Strictly Evil Men”. It does not matter if these Good Leaders turn out to be thieves or incompetents, they remain Good Leaders. Another prominent curse on Nigeria would be “Political Treachery In High Places”. The way Nigerian politicians betray each other and the political parties they made their fortunes from perpetually beggars belief. These two curses become rolled into one when considering the fuel scarcity crisis and power supply failures punishing Nigeria at the moment. Egnahc is not helping! Continue reading
In December 1984 my late father made a remark that I could not understand at the time, he said, “the leaders of Nigeria will know no fear till the [oil] money runs out”. It was not until July 2000 that my father told me that the idea was proposed by his friend, the late Claude Ake. Since the oil boom of the early 1970s, no Nigerian head of state has been “afraid” of his watch or patch despite the coup d’états and the instances of serious political instability encountered. Now that the abundance of petrodollars earned from oil has suddenly become seriously scarce President Muhammadu Buhari has become in a pioneering approach, frank, open and expansive about his “fears” in power as presented in a recent missive. Continue reading