The battle against
corruption has become the sole purpose of the Buhari Presidency. It is being
prosecuted as if all other things that define good governance shall follow
automatically as soon as victory is proclaimed. I can go ahead to suggest that
the appointment of ministers in this month of September, which has only 10 days
to finish, as early promised, be shelved. It is no longer necessary since the
entire business of government has been consolidated into a single effort – war
against corruption.
One man or at most one
ministry to be called Ministry of War Against Corruption can do the whole job.
News that Buhari has branded ministers as noise makers is very encouraging. No
serious war anywhere in the world is fought and won with noise makers. In the
spirit of the new revelation, a proposal for amendment of the operating
constitution to make the appointment of ministers by a sitting president
discretionary can be forwarded to the National Assembly for consideration.
I am not even too sure
if the NASS itself will fit properly into the new order. The members are even
noisier than the ministers. They are rascally and violent too; often using
fists like junior school pupils instead of debates to settle issues. They are
also very lazy. They work for one week and go on recess for four weeks. This
war against corruption is neither for noise makers, rascals nor lay-abouts. All
of this considered, we can push for another amendment of the constitution to
operate this democracy without the NASS. It sounds alarming but since kings can
legitimately kill to survive in a Machiavellian setting, we cannot go wrong if
we allow the robust end of achieving a permanently corruption-free Nigeria to push
us to disband the useless National Assembly.
With PMB, we have one in a millennium chance to catch all the thieves in Nigeria and
change our circumstances. And so, if he asks to shut down the banking system,
as he has done, to catch thieves who hide their stolen dollars in domiciliary
accounts, he should be obliged. He is working to preserve the life of Nigeria and as
we all know, in the rule of life, self preservation comes first. On this note
alone, the threat by one self-appointed global regulator called JP Morgan to
punish Nigeria
on account of Buhari’s approach should be completely ignored.
JP Morgan or whatever
it is called is not a very reliable teacher. It teaches nonsense and this has
serially got it into trouble with the authorities in Washington DC
and to which it has paid billions of dollars as fines. Besides, what does JP
Morgan know that our own dear JP Clark or any other JP in Nigeria does
not know better? And by the way, who made JP Morgan judge over Nigeria that is
presided over by PMB?
The Central Bank as
directed by PMB (since there is no finance minister till perhaps September 30)
is doing a fantastic job. The point is that when there is too much money in the
system and the citizens are behaving like lunatic astronauts, going to the moon
to build houses, the thing to do is a serious mop up to precipitate a liquidity
squeeze that will instill some sanity. This is what Buhari has done. It is a
fundamental micro-economic principle and one does not need a certification by Harvard Business School
to understand it. I don’t understand why JP Morgan, which should know better,
is nagging over this like a bad house wife.
People are talking of
absence of an economic blue print in the Buhari’s approach. It sounds too much
like a cliché and I am almost tempted to ignore it. Na blue print we go chop?
We have had too many blue prints that led nowhere and if Buhari, in his
original Fulani wisdom, is coming with a black or blank print to run, all by
himself, Africa’s biggest economy, he should be offered a chance to prove how
and why blank or black is better than blue. More than this, results do not
change if the processes remain constant. It is like hoping to land in Japan when the
air plane in which you are moving is headed west.
Put differently, Buhari is saying there is just one effective way of tackling
the challenges facing Nigeria .
That is, if Nigerians have become monkeys because there are peanuts to eat in
the garden, they will return to humans if the nuts get mopped up. The scenario
can be re-adjusted for the same effect. If what is available at current
consumption is too little to last because of greed, a way out is conservation
or more specifically starvation to gain sustainability. I make bold to say
however that neither of the approaches shows creativity. Both are sanctimonious
posturing meant to morally rearm Buhari as a leader for the moment.
In the first instance,
it could very well be that Nigerians have become primates because there is no
human meal available in the garden while conservation in the second instance
does not approximate wealth creation or material progression. A man does not
starve to death his own children to make a point about prudence and disciplined
consumption. Rather, he doubles efforts to increase his resource base to meet
current consumption level while he isolates and deals with the bad children.
Locking down the entire
economy in search for thieves or in the name of instilling fiscal discipline is
myopic to put it mildly. Corruption is not an economic activity. It is a crime
against mainly the economy and killing the economy because of it amounts to
double jeopardy. The best approach is to isolate corruption for extermination
while the economy is allowed to breathe.
Buhari may not know
this which is quite unfortunate. But even more disturbing is the fact that
those who should whisper to him quietly, preferably in the Daura dialect of the
Hausa language for easy understanding and assimilation, have allowed themselves
to be mobilized into a crowd of frenzy supporters that promotes every miss step
of the president as a new and effective style of catching treasury looters.
Buhari’s interpretation of his role as a change agent even at 72 is not helping
matters. He thinks change should be measured by the degree of the unconventionality
of his action and so the more bizarre the act, the bigger the change content.
As it is, a lot of
quarters need a re-orientation to fit into the prevailing mode of doing things.
It is the reason the lamentation of the Manufacturing Association of Nigeria
(MAN) is not invoking sympathy in high places. The association is lamenting a
drastic loss of industrial capacity in the last three months due mainly to the
CBN’s monetary policy to stem the slide of the naira and which has made access
to forex to fund the importation of industrial spares and consumables most
herculean.
The new rule is that everything can wait for corruption to be killed first. The
Treasury Single Account (TSA) is also part of the efforts to kill corruption.
The banks have been totally drained of public sector funds which have been
migrated to the Central Bank for safe keeping.
Buhari is making it
look as if the value of money is in its physical worth and not in what it can
create. What is the logic in saving money in the Central Bank when retail banks
are looking for money to fund the economy? This is besides the effects of the
TSA policy on agencies like the NNPC, FAAN, NIMASSA and others which, in
operation and structure, are not any different from the organized private sector
and cannot in all sincerity, be made to wait for budget approvals by the
National Assembly before they work.
Today, the statistics
across board are frightening. There is growing unemployment, declining
industrial capacity utilization, disinvestment, sliding value of the domestic
currency and a comatose stock market, among other gloomy indices. But we have
been conditioned to give Buhari space and free hand to effect a change and to
also hack down anything, person or idea, including free enterprise that constitutes
or may constitute a hindrance to change in Nigeria.
*Abraham Ogbodo is the Editor of The Guardian. This piece was first published on September 20 2015 before
the appointment of the federal cabinet, but it is as relevant to the issues of
the day at it was about a year ago.)
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