It seems that a plethora of entrenched differences such as ethno-religious, socio-cultural, etc are factors sustaining it. In other words, there seems to be a balance of centrifugal and centripetal forces acting on Nigeria’s body politic. Nigeria is a country with a huge reserve of material resources but is characterised by mass poverty and misery. It is one where many men and women of character and capacity are not in the front line of governance at all levels.
The APC-led government has raised the tempo of trepidation and lamentations by its failure to secure lives and property amid the unrelenting activities of Boko Haram, killer Fulani herdsmen, kidnappers, bandits, etc. Yet, there are discordant tunes across the North-South divide on the desirability of state police. The northern governors are inexplicably averse to state police; notwithstanding that the North is the epicenter of the national security challenges.
There are four refineries to which are allocated 445,000 barrels of crude oil per day for refining. But they don’t refine; they rather sell the crude in exchange for import of petroleum products – petrol, diesel and kerosene. Because of the dynamics of global energy costs, the country is ensnared in a fuel subsidy regime gulping huge sums of money every year. For 2022, N4trn has been earmarked for subsidy.
Governments, past and present, have recognized the need to cut the cost of governance where there are no constitutional constraints to do so. Indeed, the monetisation policy of the Obasanjo administration was a pragmatic step to address wastage and profligacy in government spending. But it was not sustained by succeeding governments. The Steve Oronsaye Committee’s report showed duplication of functions by many agencies of government.
The Nigerian economy is constrained and the low level of available electricity is a factor in the ease of doing business. In recent times the total available energy is less than 4,000MW, which is barely adequate for a population of 4 million people. The shoddy privatisation of the power sector and the constitutional provisions for power as a concurrent item stand on the way to an effective provision and management of power.
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