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Buhari Wasted Opportunity to Boldly Reform Nigeria – Chimamanda

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Chimamanda Ngozie
  • Buhari Wasted Opportunity to Boldly Reform Nigeria

Nigerian author Chimamanda Ngozie Adichie says President Muhammadu Buhari has squandered the massive goodwill and support he had upon his inauguration as President and missed an opportunity to set Nigeria on the right path.

“Mr Buhari ascended to the presidency with a rare advantage — not only did he have the good will of a majority of Nigerians, he elicited a peculiar mix of fear and respect,” she wrote in an opinion for The New York Times, published on Tuesday.

“For the first weeks of his presidency, it was said that civil servants who were often absent from work suddenly appeared every day, on time, and that police officers and customs officials stopped demanding bribes.”

She said although she experienced political fear for the first time, aged seven, under Buhari’s military regime in 1984, she welcomed his election 30 years later in 2015 because “he represented some form of hope”.

“Because for the first time, Nigerians had voted out an incumbent in an election that was largely free and fair,” she said.

“Because Mr Buhari had sold himself as a near-ascetic reformer, as a man so personally above board that he would wipe out Nigeria’s decades-long corruption.”

Although she acknowledged that Nigeria was difficult to govern, she said Buhari wasted an opportunity through his actions – from his appointments to his economic decisions.

“He had an opportunity to make real reforms early on, to boldly reshape Nigeria’s path. He wasted it,” she said.

“Perhaps the first clue was the unusually long time it took him to appoint his ministers. After an ostensible search for the very best, he presented many recycled figures with whom Nigerians were disenchanted.

“But the real test of his presidency came with the continued fall in oil prices, which had begun the year before his inauguration.”

She explained that while the plunge in oil prices was bound to have a catastrophic impact on the economy because it was “unwholesomely dependent on oil”, Buhari’s actions made it even more so.

She cited the policy of defending the naira through which the official exchange rate was kept “artificially low” but caused the exchange rate to balloon on the black market and restriction of access to the central bank’s foreign currency reserves, which “spawned corruption”.

She said while the exchange rate crisis caused the price for everything – rice, bread, cooking oil – rice and forced businesses to fire employees with some folding, “the exclusive few who were able to buy dollars at official rates could sell them on the black market and earn large, riskless profits — transactions that contribute nothing to the economy.”

According to her, although Buhari believed, rightly, that Nigeria needed to produce more of what it consumed, and he wanted to spur local production, local production could not be willed into existence if the supporting infrastructure was absent.

“And banning goods has historically led not to local production but to a thriving shadow market,” she added.

“His intentions, good as they well might be, are rooted in an outdated economic model and an infantile view of Nigerians.

“For him, it seems, patriotism is not a voluntary and flexible thing, with room for dissent, but a martial enterprise: to obey without questioning.”

Adichie also faulted Buhari’s handling of the herdsmen/famers clashes in the country.
She said, “Since Mr. Buhari came to power, villages in the middle-belt and southern regions have been raided, the inhabitants killed, their farmlands sacked. Those attacked believe the Fulani herdsmen want to forcibly take over their lands for cattle grazing.

“It would be unfair to blame Mr. Buhari for these killings, which are in part a result of complex interactions between climate change and land use. But leadership is as much about perception as it is about action, and Mr. Buhari has appeared disengaged.

“It took him months, and much criticism from civil society, to finally issue a statement “condemning” the killings. His aloofness feels, at worst, like a tacit enabling of murder and, at best, an absence of sensitive leadership.

“Most important, his behavior suggests he is tone-deaf to the widely held belief among southern Nigerians that he promotes a northern Sunni Muslim agenda.

“He was no less opaque when the Nigerian Army murdered hundreds of members of a Shiite Muslim group in December, burying them in hastily dug graves. Or when soldiers killed members of the small secessionist pro-Biafran movement who were protesting the arrest of their leader, Nnamdi Kanu, a little-known figure whose continued incarceration has elevated him to a minor martyr.”

In terms of the war on corruption, she said, “Nigerians who expected a fair and sweeping cleanup of corruption have been disappointed. Arrests have tended to be selective, targeting mostly those opposed to Mr Buhari’s government.

“The anti-corruption agencies are perceived not only as partisan but as brazenly flouting the rule of law.”

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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EFCC Declares Former Kogi Governor, Yahaya Bello, Wanted Over N80.2 Billion Money Laundering Allegations

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Yahaya Bello

The Economic and Financial Crimes Commission (EFCC) has escalated its pursuit of justice by declaring former Kogi State Governor, Yahaya Bello, wanted over alleged money laundering amounting to N80.2 billion.

In a first-of-its-kind action, the EFCC announced Bello’s wanted status in connection with the alleged embezzlement of funds during his tenure as governor.

The commission, armed with a 19-count criminal charge, accused Bello and his cohorts of conspiring to launder the hefty sum, which was purportedly diverted from state coffers for personal gain.

The declaration of Bello as a wanted fugitive came after a series of failed attempts by the EFCC to effect his arrest.

Despite an ex-parte order from Justice Emeka Nwite of the Federal High Court, Abuja, mandating the EFCC to apprehend and produce Bello in court for arraignment, the former governor managed to evade capture with the reported assistance of his successor, Governor Usman Ododo.

This latest development shows the challenges faced by law enforcement agencies in holding powerful individuals accountable for their actions.

However, it also demonstrates the unwavering commitment of the EFCC to uphold the rule of law and ensure that justice is served, irrespective of the status or influence of the accused.

In response to the EFCC’s declaration, the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, issued a stern warning to Bello, stating that fleeing from the law would not resolve the allegations against him.

Fagbemi urged Bello to honor the EFCC’s invitation and cooperate with the investigation process, saying it is important to uphold the rule of law and respect the authority of law enforcement agencies.

The EFCC’s pursuit of Bello underscores the agency’s mandate to combat corruption and financial crimes, sending a strong message that individuals implicated in corrupt practices will be held accountable for their actions.

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Concerns Mount Over Security as National Identity Card Issuance Shifts to Banks

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NIMC enrolment

Amidst the National Identity Management Commission’s (NIMC) recent announcement that the issuance of the proposed new national identity card will be facilitated through applicants’ respective banks, concerns are escalating regarding the security implications of involving financial institutions in the distribution process.

The federal government, in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS), introduced a new identity card with payment functionality, aimed at streamlining access to social and financial services.

However, the decision to utilize banks as distribution channels has sparked apprehension among industry stakeholders.

Mr. Kayode Adegoke, Head of Corporate Communications at NIMC, clarified that applicants would request the card by providing their National Identification Number (NIN) through various channels, including online portals, NIMC offices, or their respective banks.

Adegoke emphasized that the new National ID Card would serve as a single, multipurpose card, encompassing payment functionality, government services, and travel documentation.

Despite NIMC’s assurances, concerns have been raised regarding the necessity and security implications of introducing a new identity card system when an operational one already exists.

Chief Deolu Ogunbanjo, President of the National Association of Telecoms Subscribers, questioned the rationale behind the new General Multipurpose Card (GMPC), citing NIMC’s existing mandate to issue such cards under Act No. 23 of 2007.

Ogunbanjo highlighted the successful implementation of MobileID by NIMC, which has provided identity verification for over 15 million individuals.

He expressed apprehension about integrating the new ID card with existing MobileID systems and raised concerns about data privacy and unauthorized duplication of ID cards.

Moreover, stakeholders are seeking clarification on the responsibilities for card blocking, replacement, and delivery in case of loss or theft, given the involvement of multiple parties, including banks, in the issuance process.

The shift towards utilizing banks for identity card issuance raises fundamental questions about data security, privacy, and the integrity of the identification process.

With financial institutions playing a pivotal role in distributing sensitive government documents, there are valid concerns about potential vulnerabilities and risks associated with this approach.

As the debate surrounding the security implications of the new national identity card continues to intensify, stakeholders are calling for greater transparency, accountability, and collaboration between government agencies and financial institutions to address these concerns effectively.

The paramount importance of safeguarding citizens’ personal information and ensuring the integrity of the identity verification process cannot be overstated, especially in an era of increasing digital interconnectedness and heightened cybersecurity threats.

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Israeli President Declares Iran’s Actions a ‘Declaration of War’

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Israel Gaza

Israeli President Isaac Herzog has characterized the recent series of attacks from Iran as nothing short of a “declaration of war” against the State of Israel.

This proclamation comes amidst escalating tensions between the two nations, with Iran’s aggressive actions prompting serious concerns within Israel and the international community.

The sequence of events leading to Herzog’s grave assessment began with a barrage of 300 ballistic missiles and drones launched by Iran towards Israel over the weekend.

While the Israeli defense forces managed to intercept a significant portion of these projectiles, the sheer scale of the assault sent shockwaves through the region.

President Herzog’s assertion of war was underscored by Israel’s careful consideration of its response options and ongoing discussions with its global partners.

The gravity of the situation prompted the convening of the G7, where member nations reaffirmed their commitment to Israel’s security, recognizing the severity of Iran’s actions.

However, the United States, a key ally of Israel, took a nuanced stance. President Joe Biden conveyed to Israeli Prime Minister Benjamin Netanyahu that, given the limited casualties and damage resulting from the attacks, the US would not support retaliatory strikes against Iran.

This position, though strategic, reflects a delicate balancing act in maintaining stability in the volatile Middle East region.

Meanwhile, Russian Foreign Minister Sergei Lavrov and his Iranian counterpart Hossein Amir-Abdollahian cautioned against further escalation, emphasizing the potential for heightened tensions and provocative acts to exacerbate the situation.

In response to the escalating crisis, the Nigerian government issued a call for restraint, urging both Iran and Israel to prioritize peaceful resolution and diplomatic efforts to ease tensions.

This appeal reflects the broader international consensus on the need to prevent further escalation and mitigate the risk of a wider conflict in the Middle East.

As Israel grapples with the implications of Iran’s aggressive actions and weighs its response options, President Herzog reiterated Israel’s commitment to peace while emphasizing the need to defend its people.

Despite calls for restraint from global allies, Israel remains vigilant in safeguarding its security amidst the growing threat posed by Iran’s belligerent behavior.

The coming days are likely to be critical as Israel navigates the complexities of its response while international efforts intensify to defuse the escalating tensions between Iran and Israel.

The specter of war looms large, underscoring the urgency of diplomatic engagement and concerted efforts to prevent further escalation in the region.

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