Also published in Daily Trust
As Nigerians groan under the current excruciating economic
hardship, which is arguably the most severe ever experienced in the country, their
growing sense of disappointment in government is quite understandable,
considering their hitherto high expectations following decades of drift that
reached its worst during the previous administration of former President Goodluck
Jonathan.
Though many Nigerians weren’t being realistic in their
expectations, in the first place, many others had rightly expected President
Buhari to kick-start his administration at a swift yet measured tempo necessarily
needed to arrest the drift and effect reasonable and tangible economic development
achievable in light of the available resources. In other words, on President
Buhari’s assumption of office, many Nigerians rightly assumed that, within the
period between his election victory and his assumption of office, a substantive
and comprehensive action plan had already been prepared. Soon afterwards,
however, some clues indicating otherwise and instead indicating his
government’s inadequate readiness to immediately roll-out its promised economic
reform strategies, began to manifest themselves. It turned out that, even tasks
as relatively easy as shortlisting the names of the candidates for various
major political appointments simply hadn’t been done.
President Buhari
By the way, the swift implementation of the Treasury
Single Account (TSA) system, was a welcome exception in this regard, even
though it could be argued that it was already ready for immediate implementation
following its formal adoption by the previous administration of former
President Jonathan who, albeit, never implemented it. Also, though I
acknowledge the government’s impressive success in containing Boko Haram
insurgency quite significantly, and its commitment to ending it for good, my
focus in this column is primarily on the administration’s commitment to deliver
on its campaign promises with regard to economic recovery and development.
Anyway, the excuse given by the government that the then
outgoing Jonathan administration did not cooperate adequately with the then incoming
Buhari administration in terms of sharing the necessary official information
and details wasn’t plausible after all, because the unprecedented and
practically institutionalized corruption under former President Jonathan, and the
resultant systemic decay were too obvious to elude even a casual observer, let
alone an incoming administration that would soon take over. Besides, the resultant
misery in the land was overwhelmingly pervasive and virtually unbearably agonizing
that it actually needed no official handover notes to realize that the
situation was extremely messy.
Nonetheless, Nigerians showed a great deal of
understanding anyway, hoping that it wouldn’t take longer than necessary for
the then new Buhari administration to swing into action. However, when it took the
administration six months to get a substantive Federal Executive Council, and
even longer to appoint other equally important public office officials, public
confidence in the administration’s commitment to deliver apparently began to
shake, especially when the calibre of the appointees turned out to be below the
people’s expectations who had been made to believe that the delay in the
appointments was due to some painstaking scrutiny procedures designed to ensure
that only those with unquestionable moral qualities and professional competence
were appointed.
Yet, almost one and a half years into the four-year
tenure of the administration, there are still many other equally important
appointments that have not been made, which further hinders the achievement of any
significant headway. For instance, while President Buhari has all along
indicated his interest in a more productive engagement with the international
community with a view to attracting foreign investments, securing appropriate
support in Nigeria’s war on Boko Haram terrorists, securing the repatriation of
Nigeria’s stolen funds stashed in some countries and indeed laundering the
country’s battered image globally, he, ironically, has not yet appointed
substantive ambassadors and high commissioners in many, if not most, of Nigeria’s
embassies and high commissions around the world, even though, in bilateral and
multilateral undertakings, a country is taken seriously or otherwise in light
of, among other things, the level of diplomatic representation it
maintains.
Likewise, policy-making process is unnecessarily slow
that further compounds uncertainties about the government’s strategies, which
in turn discourages local and foreign investment initiatives and prolongs the
country’s current economic recession. Incidentally, though the current economic
recession was basically triggered by the collapse of crude oil prices in
international markets, Nigeria’s overdependence on crude oil sales proceeds is actually
responsible for the country’s relatively swift slip into recession. After all,
there are many other oil-producing countries that have equally experienced
sharp decrease in revenues as a result of the same crisis, yet their economies
have proved too resilient to go into recession anyway.
This unnecessarily slow-paced way of doing things also
hinders and indeed undermines government’s anti-corruption drive especially with
regard to the investigation of corruption cases and the prosecution of the
suspects involved. Besides, the Presidential Advisory Committee against Corruption (PACC) set up by President Buhari
more than a year ago, to recommend judicial reforms and mechanisms that would
accelerate the process of investigation in corruption cases, and speed up the
process of prosecution and dispensation of justice, has either not yet finished
the assignment, or its recommendations (if actually made and submitted) are
simply gathering dust somewhere in the presidency.
Also,
the apparent inconsistency in some government’s strategic economic polices (e.g.
removal of fuel subsidy and the adoption of floating currency exchange system,
notwithstanding their merits or demerits), which it had adamantly rejected
before it eventually implemented, is equally associated with the unwarranted
slowness in policy-making process.
In
a nutshell, almost one and a half
years into its four-year tenure, this administration has not yet attained momentum
even though it is supposedly aware of the sheer enormity of the complicated
challenges it has to contend with in order to live to the minimum expectations
of the understandably disappointed Nigerians. It, obviously, needs to
vigorously pursue and attain momentum strong enough to enable it to deliver,
for it simply can’t afford to fail.
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