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5 Things That The President Of Nigeria Can Do To Get His Country Back On Track - Politics - Nairaland

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5 Things That The President Of Nigeria Can Do To Get His Country Back On Track by kahal29: 3:29am On Nov 04, 2015
President Muhammadu Buhari, who was inaugurated May 29, is the antithesis of the stereotypical Nigerian politician: incorruptible, soft-spoken, self-effacing and deliberate. He embraces the nickname “Baba Go-Slow and Steady.” Buhari’s unhurried style has its downsides, however: It took him an unprecedented four months to name a solid but unextraordinary cabinet. His reform agenda appears to be sauntering out of the gates, according to the civil society-run Buharimeter.

In the meantime, the challenges facing Africa’s most populous nation and largest economy continue to grow: Oil revenues are down, currency value has slipped and Boko Haram has killed more than 1,700 since June. Nigerians nevertheless expect their new president’s reform agenda to show tangible results, and soon. Given these imperatives, here are five things Buhari can do to get the ball rolling:

1. Carefully clean house

Buhari’s reform agenda probably faces its greatest threat from corrupt, old-school politicians within his own All Progressives Congress (APC) party. Buhari should neutralise some of the APC’s shadiest figures, who could emerge as “veto players,” as described in Carl LeVan’s recent book.

Examples of these kleptocrats are not hard to find. The U.S. Department of Justice has accused one sitting APC governor of helping former dictator Sani Abacha steal at least $458 million from state coffers. Likewise, both APC candidates in the upcoming Kogi and Bayelsa State governorship elections have been indicted by Nigeria’s anti-corruption agency.

Admittedly, housecleaning carries political risks for Buhari. After all, his victorious electoral coalition included powerful defectors from former President Goodluck Jonathan’s Peoples Democratic Party (PDP). If he unduly antagonises these establishment figures, they could derail his party’s newfound dominance by joining their former comrades in the opposition PDP.

2. Pare down the parastatals

Buhari has an opportunity to realise immediate savings by eliminating or merging some of Nigeria’s more than 500 federal parastatals and boards. Parastatals are government-operated companies or commercial agencies. Pundits allege that past presidents used parastatal appointments to cultivate national political allies and provincial cronies. These institutions, which range from the lucrative to the modest to the moribund, have long been a cornerstone of corruption in Nigeria — a complicated topic expertly explained by Daniel Jordan Smith.

Buhari may also want to disband some nice-to-have but non-essential parastatals in light of competing priorities and current fiscal constraints. Does Nigeria need to spend more than $4 million annually on a Centre for Space Transport and Propulsion? Is there an effort underway to rescue the supposedly stranded Nigerian astronaut featured in this legendary scam letter?

3. Tame the white elephants

Buhari’s apparent determination to revive two “white elephant” economic sectors — domestic oil refineries and steel mills — worry industry experts. Nigeria is replete with these kinds of investment projects where state-owned enterprises are funded for long periods even if they incur huge losses. For decades, Nigerian leaders have thrown good money after bad at these projects because, as Robinson and Torvik argue, white elephant projects yield short-term political gains.

Buhari, like any of the rest of us, could stumble into a sunk cost dilemma where his efforts to maximise future returns of Nigeria’s white elephants only increase their cumulative losses. Instead, he should address the graft, inconsistent policies and opaque privatisation deals that experts say turned these industries into white elephants in the first place.

4. Rein in subnational debt

As Buhari tries to put Nigeria’s public finances back in order, the balance sheets of the country’s 36 states are sinking deeper into the red. In a decentralised federal system like Nigeria’s, state budgets typically affect the lives of ordinary citizens more than federal spending does. Since taking office, Buhari has already bailed out 27 cash-strapped states to the tune of $2.1 billion. States’ borrowing trends are risky and need to be addressed, according to a recent report by the African Development Bank.


All but a few states generate minimal revenue outside of their monthly allocation of Nigeria’s anemic oil income. While Nigeria’s national debt is still relatively low by global standards, fiscal federalism means that if states default on their debts, the federal government foots the bill. Buhari’s reasons for watching state borrowing should also be personal: One of the stated reasons for the 1983 military coup that first brought him to power was runaway borrowing by state governors.

5. Legislate for the long run

Nigeria will need to feel the “Buhari Effect” (the sense, evident in a recent New York Times article, that there is a new sheriff in town) long after the president’s tenure is over. The best way for him to protect his legacy is to partner with the National Assembly to enact legislation enshrining key reforms. With few other politicians like him on the horizon, Buhari should put his legacy in writing.

A good place to start would be an act prohibiting the use of “security votes.” Both a definitive article by Uche et al. and a 2007 Human Rights Watch report illustrate how these secretive budgetary line items are used by officials at all levels of government as slush funds. Even Nigeria’s leading anti-corruption agency had a $1,000,000 security vote included in its 2014 budget. Buhari has his work cut out for him.

• Culled from Washington Post

http://www.thisdaylive.com/articles/5-things-that-the-president-of-nigeria-can-do-to-get-his-country-back-on-track/224600/

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Re: 5 Things That The President Of Nigeria Can Do To Get His Country Back On Track by gtrust: 3:37am On Nov 04, 2015
Let me finish reading b4 I comment!
Re: 5 Things That The President Of Nigeria Can Do To Get His Country Back On Track by divinehand2003(m): 4:19am On Nov 04, 2015
To preside over this country Nigeria at this point in time is not an enviable job at all. It's a job that has already named one a failure even before he began the job.
So many things have gone wrong and it will require a long time to repair.
Dear PMB, we pray you don't end up a failure like the Clueless one we had in the last administration.
Re: 5 Things That The President Of Nigeria Can Do To Get His Country Back On Track by Nobody: 4:20am On Nov 04, 2015
Story! Let him stand up first...! We're getting confused daily!!
Re: 5 Things That The President Of Nigeria Can Do To Get His Country Back On Track by ZUBY77(m): 4:31am On Nov 04, 2015
Nice advice for Mr. President.
Although I doubt the rogue cabals will allow him to do all the mentioned things above.

1 Like

Re: 5 Things That The President Of Nigeria Can Do To Get His Country Back On Track by jomoh: 4:34am On Nov 04, 2015
Re: 5 Things That The President Of Nigeria Can Do To Get His Country Back On Track by Nobody: 4:56am On Nov 04, 2015
I commend the effort of mr president on TSA as this will provide a level playing ground to measure the performance of each parastatals interms of revenue generation and implementation.
Moreover, I think more should be done in the area of contracts. Now in most developed countries we see on the news so so company has been awarded so so contracts which is expected to be completed by the end of so so year.
It is now we started to hear that Lagos ibadan express way was awarded to different companies at different times.
Keep the public inform, the success recorded in the BVN can be attributed to awareness.If the government have a good initiative the people will surely support it 100%.
I pray God guide our leaders right because last election was a prove that he had help the youth the truth to know.
Godbless naija
Re: 5 Things That The President Of Nigeria Can Do To Get His Country Back On Track by Nobody: 4:56am On Nov 04, 2015
Charity comment
Re: 5 Things That The President Of Nigeria Can Do To Get His Country Back On Track by Pavore9: 4:59am On Nov 04, 2015
Nice input.
Re: 5 Things That The President Of Nigeria Can Do To Get His Country Back On Track by kahal29: 6:41am On Nov 04, 2015
Mods...... Front page pls

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