The things around Soludo’s neck, By Oladeinde Olawoyin

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If he can marry his experience with tact in policy execution, and eschew braggadocio, Soludo can illuminate the dark alleys in Anambra.

…the thing around Soludo’s neck is the exuberance of the intellectual as an excitable ‘reformist’, with his ‘impeccable’ ideas and demeanours pushing him toward the cliff of hubris. As he steps forward to lead Anambra, a complex industrial hub populated by moneybags, one hopes that this hubris would be kept at bay.

Shortly afterwards, Obasanjo appointed Soludo as Nigeria’s apex bank’s governor to replace Joseph Sanusi, an accountant whose tenure is largely remembered more for his fixation on book balancing and less for wider economic concerns. What I found quite instructive in the wake of the crisis was that despite the avalanche of evidence of malfeasance , Soludo did not admit that his reforms, like all human endeavours, were imperfect. In several otherwise brilliant interventions about the state of the economy, he only fell short of declaring his tenure as CBN governor as the best thing to happen to Nigeria in its banking history.

And herein lies the significance of tactful and measured engagement with ideals and ideas, the import of deep thinking and self-reflection, and the ultimate need to keep one’s excitement in check, while making far-reaching decisions. Agriculture is significant to Anambra’s economy, and attention must be given to the development of Onitsha, the business and economic hub, as well as Nnewi, the home of industries. The development of the Onitsha Inland River Ports would go a long way in helping to rejig the economy, just as relative security could help drive traffic towards tourist centres like Ogba Waterfalls, Ogbunike Caves, and Agulu Lake.

 

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