The singular story : A country blessed with vast amount of natural and human resources,but finds it so difficult to translate to it to broad based prosperity of its citizens- poverty rate in Nigeria is 33.1% of the population,60% lives below 2 dollars per day .
Till a very recent past,it found it so hard to secure its borders and protect her citizens leading to Nigeria having the largest population of displaced persons in Africa- 1,538,982 internally displaced people according to IDMC as at april and wanton loss of lives.
The singular story according to a consensus of cross-section of ,Nigerians I related with,can be attributed to: one, corruption,two,saddled with leaders that were not prepared to lead ''accidental leaders'' and lastly erosion of values across all demographics,institutions(public and private),artisans and professionals.
The cankerworm - corruption,has eaten so deep into the fabrics of the nation,and slowly but steadily seen to the declineofhealth,education,defense,mineral,power,manufacturing sectors and the biggest masquerade - our oil sector where oil money is everybody's money.
The second culprit: bad leadership exemplified by presidents that were very reluctant about leading this complex entity, nigeria, as revealed recently by a former Governor close to that former 'alpha' president.
Our history is peppered with unprepared leaders that go through the motion of seeking for our votes and of Gun-wielding Generals with zero-management skills except for some glaring exemptions.
The third culprit is: generality of we Nigerians,we take a cue from those leading us and feel it is within our right to be hopelessly corrupt in our own space,from the civil servants to fuel attendants,doctors down to the ward attendants.The difference between the leaders and followers level of corruption is the resources available to both sets.
This is the old story.

The new story so far has seen a renewed vigor of the various anti-corruption bodies-it's just a shame that they do more of arresting and public show than investigation and meticulous gathering of evidence which should lead to successful persecution.
Refineries are now working above 60% capacity .Beyond the rhetoric,we are experiencing a sincere effort to modify the organization of the corporation whose fortune is tied to the prosperity of our nation.
The terrorists have reverted to attacking soft targets .wide-spread arrests are being made .There is a renewed vitality of our defense strategy,lean and fit generals are delivering press conferences at the hot-bed(yobe , borno) .
Civil servants are now selling their ill-gotten properties,former ministers are making statements from 'obodo oyinbo' ,we are now scared to spend monies at parties .we are generally sitting up .all these without a team-on-ground and with no clear-cut policy direction of this Government apart from threats of probes
.God punish corruption.
This has been the new story so far,should the citizens expect more. Yes!! We should and deserve more .
It is september ,the "crack-management" team that took over 90 days to assemble would be revealed.We are waiting with bated breath to discover the composition of the team that would plot the story of the wind of change in my country.
Spotlight would be on some ministers.
First in the line of fire would be the minister of finance-this is the worst time to be this minister.The first test in detecting his/her fiscal direction would be how to tilt the current budget from 10% of capital expenditure-in light of reduced income-to something close to at least 50%.If this government wants to fulfill at least part of its promises.
How do we diversify our monolith economy-oil provides about 75% of our income. The present lull in price is totally different from what we experienced in 2008,this seems more long-term-U.S is now producing about 9.2 millions of crude oil per day ,and currently exporting about half a million barrels of oil per day,the most from record dating back to 1920. Russia is just pumping oil like no man's business.Iran would soon start exporting,a lull in the growth rate of china and suddenly it is the buyer's market.
Any budget with the price of crude pegged at greater than 45 dollars/barrel is tantamount to leaving our fate to hope.The minister would need to be creative in increasing income by possibly working with mr Fowler in vamping up revenues generated from FIRS-the current 4.7 trillion naira(about 20 billion dollars) is not good enough when south africa revenue service raked in about 75 billion dollars. We are the largest economy in Africa.

How do we liberate our mineral sector,what do we do about this law that does not allow states to be creative in extracting and generating income from mineral resources in its domain. what would we do with our 42 billion tonnes of bitumen deposit ,3 billion tonnes of iron ore. How do we move from our extractive growth to productive
growth.
Is the current debt ratio of 10% to GDP okay or should we incur more debts to drive capital expenditure that would stimulate the economy.
What about the present monetary policy of high monetary policy rate that discourages lending to the real sector of the economy,making our banks to make easy money by raking in 13-15 % returns on investment with no sweat all in the name of controlling inflation. can something creative be worked out about the excess supply of naira created by the central bank by substituting dollar income with naira .
We can't keep doing the same thing and expect a different result.I really pity the minister of finance,the good thing though is the culture of transparency(starting from the treasury single account) that would make it easier to plan and make decisions.
The minister of agriculture has a big shoe to fill,how do you improve on the gains made by the agricultural transformation agenda-reduction of food import bills,CBN's agricultural credit guarantee scheme,over 10billion dollars commitment from foreign agencies,agriculture constitutes about 25% of our GDP and many more
The minister of power would have to find a way of overhauling out transmission grid that can't evacuate more than 5,000mw of power and we presently have a generating capacity of 5500mw.how do we get consumers(government agencies are the worst culprits,industries,individuals)to pay for electricity consumed, so discos can pay the bulk energy company,so they would pay Gencos so they can pay the gas companies,so that we can attract the much needed capital needed in the power sector bearing in mind that to generate a thousand megawatts require roughly about one billion dollars.
The minister of education,don't even know where to start from. The minister of health-how do we stop the health tourism,stop the senseless bickering amongst health care workers,this strange culture of strike today,strike tommorow.
I pray the team that would be unveiled this september would surpass expectation...Amen.
We are waiting and we are watching.
God bless Nigeria

Brb

drbashfx:
The singular story : A country blessed with vast amount of natural and human resources,

i de doubt the human part

but finds it so difficult to translate to it to broad based prosperity of its citizens-

not really
we simply refuse to
no motivation

poverty rate in Nigeria is 33.1% of the population,60% lives below 2 dollars per day .
Till a very recent past,it found it so hard to secure its borders and protect her citizens leading to Nigeria having the largest population of displaced persons in Africa- 1,538,982 internally displaced people according to IDMC as at april and wanton loss of lives.

same as above

The singular story according to a consensus of cross-section of ,Nigerians I related with,can be attributed to: one, corruption,two,saddled with leaders that were not prepared to lead ''accidental leaders'' and lastly erosion of values across all demographics,institutions(public and private),artisans and professionals.

see above
i think Truman was also an accidental leader

The cankerworm - corruption,has eaten so deep into the fabrics of the nation,and slowly but steadily seen to the declineofhealth,education,defense,mineral,power,manufacturing sectors and the biggest masquerade - our oil sector where oil money is everybody's money.

correction
it's not everybody'
only for men and not cowards

The second culprit: bad leadership exemplified by presidents that were very reluctant about leading this complex entity, nigeria, as revealed recently by a former Governor close to that former 'alpha' president.

i beg to disagree
if you retain power for 30 yrs then you're a good leader in my book

Our history is peppered with unprepared leaders that go through the motion of seeking for our votes and of Gun-wielding Generals with zero-management skills except for some glaring exemptions.

what glaring example

The third culprit is: generality of we Nigerians,we take a cue from those leading us and feel it is within our right to be hopelessly corrupt in our own space,from the civil servants to fuel attendants,doctors down to the ward attendants.The difference between the leaders and followers level of corruption is the resources available to both sets.
This is the old story.

you wish
the politicians are corrupt
the followers are content (this is our real problem)
the people do not 'want ' their share of national cake
desire and demand are two different bowls of palm wine

The new story so far has seen a renewed vigor of the various anti-corruption bodies-it's just a shame that they do more of arresting and public show than investigation and meticulous gathering of evidence which should lead to successful persecution.

that shitt is expensive man

Refineries are now working above 60% capacity .Beyond the rhetoric,we are experiencing a sincere effort to modify the organization of the corporation whose fortune is tied to the prosperity of our nation.

this mentality right here is another big problem
oil farms only 12% of our GDP
how is our fortune tied e to it

The terrorists have reverted to attacking soft targets .wide-spread arrests are being made .There is a renewed vitality of our defense strategy,lean and fit generals are delivering press conferences at the hot-bed(yobe , borno) .
Civil servants are now selling their ill-gotten

fingers crossed
not easy to fight cancer once it's spread
marathon now
not sprint

properties,former ministers are making statements from 'obodo oyinbo' ,we are now scared to spend monies at parties .we are generally sitting up .all these without a team-on-ground and with no clear-cut policy direction of this Government apart from threats of probes

that's my general
in whom i am well pleased

.God punish corruption.

why
even c dead clock is right twice a day
you should say Lord punish laziness of the masses

This has been the new story so far,should the citizens expect more. Yes!! We should and deserve more .
It is september ,the "crack-management" team that took over 90 days to assemble would be revealed.We are waiting with bated breath to discover the composition of the team that would plot the story of the wind of change in my country.

i don even forget
Oya now make NY generale unleash the kraken

Spotlight would be on some ministers.

says Who
you and whose army

First in the line of fire would be the minister of finance-this is the worst time to be this minister.

why
he she is an over hyped accountant
glorified minister of information
Maiguard lasan lasan

The first test in detecting his/her fiscal direction would be how to tilt the current budget from 10% of capital expenditure-in light of reduced income-to something close to at least 50%.If this government wants to fulfill at least part of its promises.

beyond his her brief
this is not era of coordinating minister (wonder who came up with that title)

How do we diversify our monolith economy-oil provides about 75% of our income.

ministries of agric, power, works, transport, solid minerals, health and tourism with supporting cast of association of the farmers manufacturers miners and nacimma Abi wetin dem call demsef

The present lull in price is totally different from what we experienced in 2008,this seems more long-term-U.S is now producing about 9.2 millions of crude oil per day ,and currently exporting about half a million barrels of oil per day,the most from record dating back to 1920. Russia is just pumping oil like no man's business.Iran would soon start exporting,a lull in the growth rate of china and suddenly it is the buyer's market.
Any budget with the price of crude pegged at greater than 45 dollars/barrel is tantamount to leaving our fate to hope.The minister would need to be creative in increasing income by possibly working with mr Fowler in vamping up revenues generated from FIRS-the current 4.7 trillion naira(about 20 billion dollars) is not good enough when south africa revenue service raked in about 75 billion dollars. We are the largest economy in Africa.

stop flaring and selling
start consumin (power generation) as component of added value to finished goods
make it means to an end not an end in itself

How do we liberate our mineral sector,what do we do about this law that does not allow states to be creative in extracting and generating income from mineral resources in its domain. what would we do with our 42 billion tonnes of bitumen deposit ,3 billion tonnes of iron ore. How do we move from our extractive growth to productive
growth.

guy nothing stops the state and LGS from creating mining companies or supporting their constituents companies to extract resources while saying royalty
this is why they said everybody must pass waec English

Is the current debt ratio of 10% to GDP okay or should we incur more debts to drive capital expenditure that would stimulate the economy.

USA is borrowed to the hilt
they seen to be doing OK unless you loot the way we do

What about the present monetary policy of high monetary policy rate that discourages lending to the real sector of the economy,making our banks to make easy money by raking in 13-15 % returns on investment with no sweat all in the name of controlling inflation.

can something creative be worked out about the excess supply of naira created by the central bank by substituting dollar income with naira .

re denomination

We can't keep doing the same thing and expect a different result.I really pity the minister of finance,the good thing though is the culture of transparency(starting from the treasury single account) that would make it easier to plan and make decisions.

still don't agree it's his job to nope than to Cosign paychecks

The minister of agriculture has a big shoe to fill,how do you improve on the gains made by the agricultural transformation agenda-reduction of food import bills,CBN's agricultural credit guarantee scheme,over 10billion dollars commitment from foreign agencies,agriculture constitutes about 25% of our GDP and many more

buy 36 000 tractors (hire purchase)
ensure every school university and ward get them
do same for silos and agro processing

The minister of power would have to find a way of overhauling out transmission grid that can't evacuate more than 5,000mw of power and we presently have a generating capacity of 5500mw

find ke
Abi he should order it and jail anybody that gets in his way

.how do we get consumers(government agencies are the worst culprits,industries,individuals)to pay for electricity consumed, so discos can pay the bulk energy company,so they would pay Gencos so they can pay the gas companies,so that we can attract the much needed capital needed in the power sector bearing in mind that to generate a thousand megawatts require roughly about one billion dollars.

cut them off

The minister of education,don't even know where to start from.

once there are jobs
they will arrange demselves

The minister of health-how do we stop the health tourism,

close eye and fix uch
and plough 'profits ' into other teaching and specialist hospitals

stop the senseless bickering amongst health care workers,this strange culture of strike today,strike tommorow.

draw line in the sand
cut anybody that crosses it from the team
no sentiment

I pray the team that would be unveiled this september would surpass expectation...Amen.
We are waiting and we are watching.
God bless Nigeria

Amen thank goodness September is here
it looked so far away