The Imperative of Restructuring Nigeria, By John Nnia Nwodo

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 116 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 50%
  • Publisher: 78%

Nigeria Headlines News

Nigeria Latest News,Nigeria Headlines

Opinion: The Imperative of Restructuring Nigeria, By John Nnia Nwodo

Assembly as the forum for constitutional amendments grants a tacit recognition of the overthrow of our democratic norms by the enthronement of a military constitution by which they are composed.We should restructure because the constitutional history of Nigeria shows that the only constitutions of the Federal Republic of Nigeria made by all the ethnic groups in Nigeria were the 1960 and 1963 Constitutions.

Under the 1960 constitution, the three, and subsequently four, regions of Nigeria were viable and promoted sustained development in all sectors of the economy. In Northern Nigeria, groundnut pyramids grew exponentially, and so did cotton mills, tin, animal husbandry and grains thrive. Ahmadu Bello University grew into a reputable institution, boasting of one of the best architectural faculties in Africa.

Nigeria began to slide. The following examples will jolt you. Last year the World Poverty clock described:“Nigeria’s population in extreme poverty as rising by 5.7 people per minute” and as the country with the most people living in extreme poverty in the world, at 82 million , thereby overtaking India which was previously the world’s country with the most extreme poverty;The Nigerian economy has grossly underperformed relative to her enormous resource endowment and her peer nations.

This high cost of importation and high subsidy payments to make the pump price of PMS affordable is the sad story of a country that, in spite of being the sixth largest producer of crude oil, cannot produce petrol at an affordable price nor prevent subsidised and imported fuel from being smuggled into neighbouring countries and sold at higher costs.

The cost of servicing of Federal Government debts have grown from 32.72 per cent in 2015 to 61.59 per cent in 2017. Right now in Germany and China, the demand for electric cars have surpassed demand for cars operated on fossil oil. Bloomberg predicts that in the next six months, the American production of shale oil will increase to 12 million barrels a day, if it survives the low demand occasioned by the coronavirus crisis. It also predicted last year that, following the price war between Russia and Saudi Arabia, the world oil price will fall to $30 per barrel.

Right now, research has reached an advanced stage in the United States on a new all-solid-state hybrid solar cell based on organic-inorganic metal halide called Perovskite which, using solar power technology, has the capacity to turn sunlight into energy and expand science or medical imaging in newer and more profound dimensions. The photoelectric power conversion efficiency of the Perovskie solar cells has increased from 3.8 per cent in 2009 to 22.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What restructuring igbo kwenu! The size of all the miniature Igbo State in landmass are no bigger than 2 in the North East! The same thing with the miniature Yoruba States! Ask for corrupt individuals to arrested and locked vote for people with ability to solve problems

Funny man. Is this not what Nnamdi Kanu wanted him to tactically do some years back?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.