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Showing posts from December, 2015

DEMYSTIFYING & REFORMING THE SECURITY VOTE CESSPOOL

In many  of my commentaries and books, I had criticized the Security vote provisions for the executive arm of government at all levels in our Country. I had done so for a number of reasons. The first is that I felt that the amounts that are drawn monthly by the chief executives for 'security' purposes was too much and dis proportionate to the other needs of the governments. In some States, the security vote appropriation was higher than allocation to Health care for the entire State. And we know that in addition to this vote, specific budgetary provisions for most of the security agencies like the Military, Police, Civil Defence, etc are usually made. Worse is that these so called security votes were also given priority place in cash disbursement. Thus even when we do not have cash to pay workers salaries in many States of the Federation, we conjured cash to draw down security votes.   The second reason I have been uncomfortable with the Security vote issue is that it lacked …

2015: GOOD POLITICS, BAD ECONOMICS

In many  of my commentaries and books, I had criticized the Security vote provisions for the executive arm of government at all levels in our Country. I had done so for a number of reasons. The first is that I felt that the amounts that are drawn monthly by the chief executives for 'security' purposes was too much and dis proportionate to the other needs of the governments. In some States, the security vote appropriation was higher than allocation to Health care for the entire State. And we know that in addition to this vote, specific budgetary provisions for most of the security agencies like the Military, Police, Civil Defence, etc are usually made. Worse is that these so called security votes were also given priority place in cash disbursement. Thus even when we do not have cash to pay workers salaries in many States of the Federation, we conjured cash to draw down security votes.   The second reason I have been uncomfortable with the Security vote issue is that it lacked …

THE JUDICIAL DECIMATION OF PDP AND ITS IMPLICATIONS

In the history of elections in Nigeria I had never seen the type of reversals of electoral results by the courts as we have seen in recent times. Last week was particularly spectacular as the appeal courts in Abuja, Lafia, Owerri and Enugu went on a kind of stampede and by the time the week ran out, a significant number of seats won by the PDP in the legislature, especially the senate had been annulled. In Rivers state, it was more like a tsunami that completely wiped out all the electoral victories of the PDP in the last General elections. And except for one case in Nassarawa that affected the APC, almost all the judgements were against the PDP. Very Puzzling!    By the last count PDP had lost Taraba and Rivers State, through judicial declarations and I have heard comments about the puzzle of the Taraba case. The tribunal that was seating in Abuja because of security conditions annulled the Taraba gubernatorial elections and handed victory to APC because the party primary that elec…

PRO- BIAFRA PROTESTS, NORTHERN TRADITIONAL RULERS & PEACE MAKING

In late October this year, I wrote an article titled " The implications of the resurgence of the Biafra Movement". In that article I advised the Federal Government to learn a few lessons from our recent poor handling of dissents and conflicts in our Nation and to try to engage the agitators for Biafra and to find out their grouse. I had opined that the unity of our Country is work in progress and as a Nation, we have advertently or inadvertently injured certain individuals or groups to the extent that they feel so unhappy with the Nation and would wish to opt out or failing may wish to pull down the roof on all of us. I also indicated that from all I had seen and heard, the pro-Biafran agitation did not start after May this year when President Muhammadu Buhari came to power. Those who read news or watch Television would have read about or seen one Chief Ralph Uwazurike and his movement for the Actualization of the sovereign State of Biafra( MASSOB) in the last couple of ye…

NEED FOR AN ENTREPRENEURIAL REVOLUTION IN NIGERIA!

Global development is entering a phase where Entrepreneurship will increasingly play a more important role. An analysis of sources of economic growth by the World Bank( 2013), finds that the biggest differences between developed and developing economies are in innovation performances. It emphasizes that while Entrepreneurship and Innovation are very critical for economic growth,they have also become increasingly important for addressing major development Challenges, such as the ones related to poverty, inclusion and sustainability.
   According to the World Institute for Development Economics Research( United Nations University), it is expected that Entrepreneurship will continue to make significant contribution to growth and employment generation in advanced, emerging and least developed economies alike. This is a reasonable expectation- one that is supported by recent findings of historians, economists and management scientists.   In the highly industrialized West, economy of the 1970…