By Bayo Ogunmupe
  
The alert that the
occupants of the Bakassi  Peninsula  will soon become stateless, (being
refugees) in Nigeria Nigeria  and the Economic Community of West
African States (ECOWAS) at the signing of the memorandum of understanding with
ECOWAS Parliament in Abuja Cameroon 
Since then, Bakassi belonged toCameroon Dayspring  Island , Cross
  River State , Nigeria 
Since then, Bakassi belonged to
The people of Bakassi
have chosen to remain Nigerians in spite of neglect. This is why we need a
messiah to rescue Nigeria 
from predators who don’t see more than cornering oil money in Nigeria Nigeria 
Amidst the great
yearning for a messiah came the confirmation by the First Lady, Mrs. Aisha
Buhari that the government of her husband had been hijacked by a mafia. The
Senate President, Dr. Bukola  first broke the news at the height of his
feud with Buhari over his alleged alteration of Senate standing orders last
year. The confirmation of the mafia takeover was a huge blow to us who view
Buhari as the much awaited messiah that will transform Nigeria 
Thus, our salvation is
being deferred. Therefore, we have to exercise ingenuity to salvage this
country from the morass we are  in now. All the problems of the nation
since independence stem from our inability to take proactive action due to
ignorance and ethnic jealousy. Indeed, since Finance Minister, Kemi Adeosun
announced that Nigeria 
For solution to
recession, we must adopt the Keynesian model of massive government funding of
public works, the enthronement of a N750 billion interest free, collateral free
full employment plan for the unemployed, young or old. That is how to revive
the economy. Such loans may be accessed from any finance institution nearest to
the applicant. It is primitive for every Nigerian seeking SME loan to go to
only one bank be it Bank of Industry or Bank of Agriculture. Such loans should be
accessible from the bank nearest to him.
Moreover, we must stop
domestic borrowing to finance the public sector. Governments have been
wastefully borrowing money internally to finance domestic consumption. That is
how we have been wasting over 40 per cent of every naira earned to service
domestic debts; such profligacy is unheard of anywhere in the world. Also, the
way government is going about economic recovery isn’t right. Let the N750
billion intervention fund be managed by the Central Bank; that is the way they
do it. Promising money on infrastructure and creating a bank to manage it is
the method of corrupt people.
Also, Infrastructure
Bank, Development Bank, like the Peoples Bank, they are destined for extinction
because it isn’t the duty of government to establish banks. With the exception
of the CBN, all government banks must be privatised. What governments need is
to establish finance schemes, the private sector will react appropriately to
its needs. By establishing banks, government is funding corruption. Give all
moneys gained from foreigners, the World Bank, African Development Bank and the
like to the CBN to manage. They will then go into financing such schemes as
full employment, agriculture and SMEs.
That is why we need a
leader with integrity who will not abdicate his responsibility by turning
governance over to a mafia. An awakened leader holds the key to our economic
rebirth. Thus, good policy options and visionary leadership remain the way out
of Nigeria 
Indeed, the moral
corollary to abundance given us by God is that its spread  should be wider
and higher. But unfortunately, the Nigerian state manifests intolerance to the
plight of the people, provoking  the people to question the legitimacy of
those put in authority over them. Therefore, government has lost the steam
and momentum generated during the election. Through government isolation from
the party and the people, the people are frustrated, they are no longer
impressed by buck passing; they are now angling for a new leader that will
bring justice and succour to a country in tribulation. So, let us wake up to
the reality of the search for a new leader by taking proactive action
immediately.
*Bayo Ogunmupe   is a commentator on public issues 
 
 
No comments:
Post a Comment