Debt Trap And Incoming Administrations

 By Jerome-Mario Chijioke Utomi

It is no longer news that some of the first-term governors-elect will face many months of unpaid workers’ salaries and mounting pension liabilities, as well as agitation for the implementation of the nationally agreed minimum wage, rising inflation, escalating prices of goods and services, and dwindling purchasing power. These incoming governors, about seventeen of them, according to reports will have a difficult time boosting the economies of their individual states because they will take over at least N2.1 trillion in domestic debt and $1.9 billion in foreign debt from their predecessors.

It is equally a common knowledge that in January 2023, Patience Oniha, Director general, Debt Management Office (DMO), while fielding questions from journalists at the public presentation and breakdown of the highlights of the 2023 appropriation act in Abuja, noted that the incoming Federal Government would inherit about N77 trillion as debt by the time President Muhammadu Buhari’s tenure ends in May.

Presidential leadership In A Nigeria Without Oil

 By Stanley Ekpa

When the International Monetary Fund, IMF, categorises resource-rich countries, it classifies the countries according to their export baskets. At least 20 African countries, including Nigeria, Angola, Ghana, and Tanzania, are classified as resource-rich, with their export bases comprising a bulk of unprocessed crude oil, minerals and agricultural commodities.

The classification of countries in other continents, such as Japan, Malaysia, and Indonesia, is based on the diversity of their export bases and value-added products. Since 1973, the year of the first oil boom, crude oil has constituted more than 90% of Nigeria’s export earnings, making Nigeria a global classic case of a monocultural economy. Though a monocultural economy has the advantage of product specialisation, it runs contrary to the spirit of Section 16 of the 1999 Constitution (as amended) in building a balanced and resilient economy.

When Africa Began To Slumber

By Joseph Atchulo

When Africa began to slumber her gold was stolen from Ghana, when Africa began to slumber her oil was stolen from Nigeria, when Africa began to slumber her gas was stolen from Angola, when Africa began to slumber her Diamond was stolen from Serra Leone and Liberia, when Africa began to slumber her diamond was stolen from the DR Congo, Tanzania, Botswana and Namibia, when Africa began to slumber her Iron Ore was stolen from Sudan and all her natural resources where stolen by the West. Awaken oh mother Africa because in your state of slumber your youth, the young and vibrant, the energetic young people of this Continent no longer see any pride in you.

Africa today has become in the words of former British Prime Minister Tony Blair ‘a scar on the conscience of humanity’. Africa today has become a tragedy of gigantic proportion, how did it happen that even today the youth in Africa have no pride in Africa, in Africa's state of slumber her youth are stolen.

Beheadings: Mozambique Puts 189 On Trial

Mozambique put on Wednesday trial 189 people, including foreigners, accused of being involved in deadly Islamist attacks in a northern province. 
Since October last year, more than 100 people have been killed, often by decapitation, in 40 separate attacks, in villages in Cabo Delgado - a province on the border with Tanzania where companies are developing one of the biggest gas finds in a decade.

*President Filipe Nyusi of Mozambique 

The trial was held in the open penitentiary in Pemba, the provincial capital of Cabo Delgado, where hundreds of suspected militants including 50 from Tanzania are being detained. The area is near one of the world's biggest untapped offshore gas fields, and Anadarko Petroleum is seeking to raise $14 billion to $15 billion for a liquefied natural gas project in the region.

Lessons From Julius Nwalimu Nyerere

By Banji Ojewale 

Gbolabo Ogunsanwo, Nigeria’s most captivating  columnist of the 1970s who rewrote history as editor of Sunday Times of that era, once returned from Julius Nyerere’s Tanzania and thrilled his compatriots with an account of the stoic exploits of this illustrious African leader. Just like his staid gait, Ogunsanwo said, Nyerere had no airs about him to suggest he was the president of Tanzania.

*Nyerere

This picture of an abstemious statesman sharply contradicted the Nigerian paradigm. Here, our leaders, even at the local government scene, would loot the public till to build personal empires, to  satisfy their palatial palate. The predilection of our leaders for financial rape has always been there and Ogunsanwo was among a small circle of ethical journalists who railed against this evil.

So the Tanzania experience had to excite this colourful columnist. Through his celebrated style of writing that nettled bad leaders and won applause from the public, Ogunsanwo said that if he placed the lifestyle of Nyerere side-by-side with what we had in Nigeria, the weight of the East African leader wouldn’t surpass the wealth of a level 9 officer in the Nigerian Civil Service. A shocked Ogunsanwo said something to the effect that the home of Nyerere had uninspiring furniture compared to what a middle level civil servant in Nigeria might offer. Nyerere’s was a study in Spartan decor.

Years later in 1999 when the beloved Tanzania leader died at 77, the New York Times correspondent, Michael Kaufman, wrote what has gone into the books as a most charitable essay by a Western reporter on an African president who mercilessly chided capitalism as a curse on humanity, thus confirming Ogunsanwo’s point. He admitted Nyerere’s “habits of modesty and ethics.”

Goodluck Jonathan, Enough!

By Kennedy Emetulu

Okay, I strongly supported President Goodluck Jonathan in the last election, even though I’m not a PDP member, and I have condemned and continue to condemn the present attempt to vilify him or make him a scapegoat for the supposed failure of his administration. I do admit he has a lot to be blamed for, but I just don’t think the present occupiers of Aso Rock should use him as an excuse for their own scandalous failures still dangerously unfolding. I believe Jonathan, like other previous heads of state and presidents, has done his bit while in office and must be allowed to go anywhere he wants freely and contributes to national development and discourse as he deems fit.

*Goodluck Jonathan 

I have watched him traverse the world since he left office, and I was convinced that he was doing this to garner support for his newly-established Goodluck Jonathan Foundation. I have also accepted the fact that he was being welcomed, hosted and given all manner of awards here and there abroad as a natural result of the commendable thing he did by handing over power the manner he did after the election of last year. Now, here is my problem: How long is he going to be globetrotting for? How can he be globetrotting now even more than he did while in office? What exactly is the purpose of all this? Apart from the work he did on behalf of the Commonwealth in Tanzania, I haven’t seen much of a benefit Goodluck Jonathan has brought to Nigeria or Africa with all these travels all over meeting with nondescript people here and there.

When I saw him return to Nigeria recently after the falsehood that he was seeking exile abroad, I was happy. But just as we were welcoming him home, he was out again and now is in London! I have just read the speech he delivered there, and I’m wondering what that is all about. 

Who doubted his Nigerianness? Of what value is that Bloomberg appearance or that speech? Of what value is a speech that’s just a list of what he achieved while in government? How is that useful for where we are now as a nation?