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The Motive Behind Buhari's Emergency Economic Powers - Politics - Nairaland

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The Motive Behind Buhari's Emergency Economic Powers by EVarn(m): 5:34pm On Sep 06, 2016
THE MOTIVE BEHIND BUHARI's EMERGENCY ECONOMIC POWER

California is the 6th largest economy in the world. It's economy is larger than that of France or Brazil. The little problem is that California is not a country. It is a State in the United States of America. It has little offshore oil, yet its economy is larger than States in the US that are famous for their oil reserves, like Texas. California generates much of its revenue from non-oil products. It found a way to absorb and domesticate much of the intellectual output from its premier university, Stanford University, into saleable products within its economy.

As a matter of fact, much of California's economy is built around Stanford University. So with this, Silicon valley developed. I'm sure you've heard of Silicon Valley at least once in your life. Now with Silicon Valley came companies like Apple, eBay, Cisco, Lockheed, Hewlett Packard (HP), Google, Netflix, Facebook, Oracle, Tesla...and the list goes on and on ad infinitum.These are multibillion-dollar companies. The yearly budget of any one of these companies might be larger than the entire yearly budget of, say for example, Akwa Ibom State. I'm taking about companies that are richer than countries. They are all in California. But that is just in the technology industry where the technologies and inventions spewing out of Stanford are caught midair and converted to money spinning enterprises.

But there is also the entertainment industry in California. Yes, Hollywood is in California. The US movies industry contributes about $504Billion to USA's GDP. Hollywood, as you know, contributes over 70% of that figure. Most iconic movie studios are in Hollywood. As a matter of fact, the "Big Eight" consisting of 20th Century Fox, Columbia Pictures, MGM (Metro-Goldwyn-Mayer), Paramount Pictures, RKO Radio Pictures, United Artists, Universal Studios and Warner Bros are, or were, all in Hollywood. These again, are multi-billion dollar companies generating revenue for California.

Despite the above, California also thrives on agriculture. As at 2014, California had nothing less than 77,000 farms and ranches raking in about $55Billion in revenue yearly. It produces over 400 agricultural commodities, a large chunk of which it exports. It is the leader in producing exotic fruits in America. Its wine industry is unique. California wine is drunk with relish the world over. I used to drink some too.

This is just one State in America. You see, California actually had a choice of sitting back and striving to get a piece of the revenue generated from Texas' oil. It could have depended solely on Federal allocation to survive so that every month end, it will send its Commissioner of Finance to Washington DC to receive monthly allocation so that it can barely pay salaries of its workers and nothing more. Then San Francisco would resemble Ajegunle in Lagos. And there certainly would not be those beautiful sights and sounds that make California what it is today. But No, not California. Not America. California gives to the center and, because of its wealth, despises the idea of depending on it for survival. The Federal Government actually needs California to survive, not the other way round.

You see, America is structured in such a way that States must look inwards to exploit their wealth for the good of its citizens. There is no free lunch for the lazy States. There certainly is no commonwealth. But there is your wealth, if you can create it. Under American Federalism, you are the captain of your ship. But again, you are also the waves upon which the ship will sail. That is America. The local government, the government closest to the grassroot, is deliberately made the strongest level of government. Items like Variances (adaptation of state law to local conditions,) Public works (yes, public works!!), Contracts for public works, Licensing of public accommodations, Assessable improvements, Basic public services are all left for local county governments to handle. The State handles weightier matters like Property law, Education,Commerce laws of ownership and exchange, Banking and credit laws, Labour law and professional licensure, Insurance laws, and Electoral laws, including parties and Civil service laws. Items that the Federal Government, the center, handles affecting the States, are actually very negligible.

Nigeria on the contrary will never do well unless we restructure. We pretend to have a Federal system but we are actually operating a unique form of unitary government, and it is weighing the polity down. Can you imagine a country where the school curriculum is regulated by a national central body and states have no powers to vary or amend their curriculum? So, if the rest of the developed world is light years ahead in what they teach their children from primary schools, and our Minister of Education has absolutely no clue, the States must be burdened with antiquated school curriculum until such a time (if we are lucky, before rapture perhaps!!) that we have an Education Minister who would realise how far behind we are and bring the curriculum up to date. Just take a look at the science curriculum for grade students in advanced countries and you would cry for Nigeria. I recently read of a high school in Japan which has amended its curriculum to include robotics and drones technology. IN HIGH SCHOOL!! But our Professors here don't have a hang on Robotics even! Students are still taught the very prehistoric rudiments of physics and chemistry in our schools. And this is even in the few schools that teachers and students still meet in the classrooms! For the few public schools that are lucky to have labs, all you see are miserable nameless creatures trapped in formalin, to which nobody ever pays attention. These creatures suffer a double jeopardy having suffered the first misfortune of being caught and preserved in formalin in Nigeria, and then thereafter completely ignored, even in death! And because the control of our curriculum is central, there is nothing potentially proactive or progressive-minded States can do about this.

You would think this is not a problem until you understand that Nigerians spend over ONE TRILLION NAIRA every year to study abroad, despite there being over 100 tertiary institutions in Nigeria. Not one is deemed good enough. You see, the reason why you have Cambridge, Harvard, Princeton, Yale, Oxford, etc is not only for academic excellence of the citizens of the countries which have these schools. No. They invest in their institutions so that they can earn revenue from foreign students from countries like Nigeria which has destroyed its educational system. Abroad, schools are so important to society that the economy, business and lifestyle of whole cities and even States completely depend on or revolve around schools. What would the city of cambridge be without Cambridge University. Or Cambridge, Massachusett without Harvard University. These cities depend on these universities to survive. And imagine that Nigeria had invested in its universities and was earning $1billion dollars a year from foreign students seeking to study here, who would be fighting over oil in the Niger Delta? How many car manufacturing companies would we have in Owerri near FUTO where students are constantly doing and selling their research products to burgeoning engineering and manufacturing companies? Recently, three students in Sweden conducted research and came up with a product that could improve wear and tear on tyres. The product became so successful that Volvo had to partner with these students to patent the product. Now when this product hit world stage, can you imagine how much revenue sweden would earn from these product? Do your research, most of the world-class products we buy today off the shelf, at great cost, were invented by university students. As you are reading this, do not forget that without Harvard University, there would not have been facebook, and consequently WhatsApp through which we converse today.

But our students In Nigeria are not entirely without inventions. We invented the Pyrates Confraternity, the , the Eiye, the Vikings and what not!! Students resume school with guns and bullets, rather than books and scholastic ideas, as though academic institutions were a war college. Lecturers fly colors as do students. And when the turf war begins, people die in droves. But States can do nothing about this because some of these institutions are controlled by the Federal Government. Even for the ones controlled by States, you still can't do much because the security apparatus is controlled by the Federal Government. The Federal Government will provide or withdraw security from the State, depending on whether it is happy with the sitting Governor. So every year, all sorts of characters are vomited from Nigerian Universities to take their place in Nigerian society. So you have Judges, Lawyers, Engineers, Doctors and so forth whose first and primary allegiance is to their cult group, before the Country. The multiplier effect of this, is a treatise for another day.

But suffice to say that as long as this problem persist, let's forget about Silicon Valley in Nigeria, because there will never be a Stanford University here to provide an infinite supply of ideas and prodigies to feed the invention value-chain!

Nigeria cannot wake up from its slumber today because it cannot lift its head. The entire weight of its existence is concentrated in its head. From the viewpoint of government, the weight is In Abuja. From the viewpoint of revenue source, the weight is in the Niger-Delta. We need to urgently restructure and evenly distribute this pressure points and weights to diffuse tension in Nigeria.

We need to revisit the exclusive legislative list in the constitution and systematically reduce the responsibilities of the Federal Government vis-a-vis the States. Resources have to be handed back to the States that generated them but place an obligation on each States to contribute an agreed percentage to the common federal purse to service obligations of the Federal Government. There is no reason Education, Policing, Prisons (only people convicted of federal offenses should go to federal prisons!!), Ports, Inland waterways, natural minerals, even marriage (yes, english form of marriage!!) and so many other items should be the concern of the Federal Government.We will never develop with such weight that weigh us down at the center. Nigeria can never raise its head in the comity of nations because of the sheer weight of the head.

There is more to say, but scarcely any time. But to emphasis the point i've been laboring to make, shall i say again that there is absolutely no reason or need to fight for oil in the Niger-Delta. There are so many things that can bring more revenue to States in Nigeria than oil. South Africa has no oil, but it has Gold, and is richer than Nigeria. Let us fight for a system that will promote both equality and equity. Let us restructure Nigeria.

A worthy example.
Re: The Motive Behind Buhari's Emergency Economic Powers by ojdollars(m): 6:05pm On Sep 06, 2016
Speechless!!! Wow
Re: The Motive Behind Buhari's Emergency Economic Powers by AnodaIT(m): 6:18pm On Sep 06, 2016
ojdollars:
Speechless!!! Wow

As in you read all that stuff?


For those allergic to reading, the op is vexed about everything being control from Abuja. Still the same talk about restructuring citing California as an example of what true federalism can bring, bla bla bla.

There's nothing on it you have not heard before (in some other format) except maybe about some school in Japan that introduced Robotics into their curriculum
Re: The Motive Behind Buhari's Emergency Economic Powers by kolaish(m): 6:26pm On Sep 06, 2016
VERY GOOD AND COMPREHENSIVE WRITE-UP. KUDOS TO THE WRITER. BUT I WANT HIM TO KNOW THAT EVEN IF NIGERIA IS RE-STRUCTURED TO THE AMERICAN MODEL, IT WILL STILL NOT WORK. WE ARE NEVER READY AS A COUNTRY TO ADDRESS OUR PROBLEMS SQUARELY. OUR SYSTEM IS CENTERED ROUND LIP SERVICE, NEPOTISM AND FAVOURITISM. WE ARE ALWAYS AS INDIVIDUAL/GROUP/PARTY etc FIGHTING TO LET PEOPLE KNOW THAT WE ARE BETTER THAN OUR PREDECESSORS/OPPOSITION, RATHER THAN LEVERAGING ON THEIR ACHIEVEMENTS AND TAKING DRASTIC ACTION TO BETTER IT.
Re: The Motive Behind Buhari's Emergency Economic Powers by Cromagnon: 9:56pm On Sep 07, 2016
EVarn:
THE MOTIVE BEHIND BUHARI's EMERGENCY ECONOMIC POWER

California is the 6th largest economy in the world. It's economy is larger than that of France or Brazil. The little problem is that California is not a country. It is a State in the United States of America. It has little offshore oil, yet its economy is larger than States in the US that are famous for their oil reserves, like Texas. California generates much of its revenue from non-oil products. It found a way to absorb and domesticate much of the intellectual output from its premier university, Stanford University, into saleable products within its economy.

As a matter of fact, much of California's economy is built around Stanford University. So with this, Silicon valley developed. I'm sure you've heard of Silicon Valley at least once in your life. Now with Silicon Valley came companies like Apple, eBay, Cisco, Lockheed, Hewlett Packard (HP), Google, Netflix, Facebook, Oracle, Tesla...and the list goes on and on ad infinitum.These are multibillion-dollar companies. The yearly budget of any one of these companies might be larger than the entire yearly budget of, say for example, Akwa Ibom State. I'm taking about companies that are richer than countries. They are all in California. But that is just in the technology industry where the technologies and inventions spewing out of Stanford are caught midair and converted to money spinning enterprises.


how is this govt fault
our academics are the failures here


But there is also the entertainment industry in California. Yes, Hollywood is in California. The US movies industry contributes about $504Billion to USA's GDP. Hollywood, as you know, contributes over 70% of that figure. Most iconic movie studios are in Hollywood. As a matter of fact, the "Big Eight" consisting of 20th Century Fox, Columbia Pictures, MGM (Metro-Goldwyn-Mayer), Paramount Pictures, RKO Radio Pictures, United Artists, Universal Studios and Warner Bros are, or were, all in Hollywood. These again, are multi-billion dollar companies generating revenue for California.


thhis one is on nollywood ineptitude and laziness


Despite the above, California also thrives on agriculture. As at 2014, California had nothing less than 77,000 farms and ranches raking in about $55Billion in revenue yearly. It produces over 400 agricultural commodities, a large chunk of which it exports. It is the leader in producing exotic fruits in America. Its wine industry is unique. California wine is drunk with relish the world over. I used to drink some too.


who is stopping us from marketing palmy paraga or din din


This is just one State in America. You see, California actually had a choice of sitting back and striving to get a piece of the revenue generated from Texas' oil. It could have depended solely on Federal allocation to survive so that every month end, it will send its Commissioner of Finance to Washington DC to receive monthly allocation so that it can barely pay salaries of its workers and nothing more. Then San Francisco would resemble Ajegunle in Lagos. And there certainly would not be those beautiful sights and sounds that make California what it is today. But No, not California. Not America. California gives to the center and, because of its wealth, despises the idea of depending on it for survival. The Federal Government actually needs California to survive, not the other way round.


no it did not
they agreed to theuir constitution and there is no sharing of oyel money there


You see, America is structured in such a way that States must look inwards to exploit their wealth for the good of its citizens. There is no free lunch for the lazy States. There certainly is no commonwealth. But there is your wealth, if you can create it. Under American Federalism, you are the captain of your ship. But again, you are also the waves upon which the ship will sail. That is America. The local government, the government closest to the grassroot, is deliberately made the strongest level of government. Items like Variances (adaptation of state law to local conditions,) Public works (yes, public works!!), Contracts for public works, Licensing of public accommodations, Assessable improvements, Basic public services are all left for local county governments to handle. The State handles weightier matters like Property law, Education,Commerce laws of ownership and exchange, Banking and credit laws, Labour law and professional licensure, Insurance laws, and Electoral laws, including parties and Civil service laws. Items that the Federal Government, the center, handles affecting the States, are actually very negligible.


our history is different
learn to deal with it
or you will spend your whole life lamenting instead of getting shht done


Nigeria on the contrary will never do well unless we restructure. We pretend to have a Federal system but we are actually operating a unique form of unitary government, and it is weighing the polity down. Can you imagine a country where the school curriculum is regulated by a national central body and states have no powers to vary or amend their curriculum? So, if the rest of the developed world is light years ahead in what they teach their children from primary schools, and our Minister of Education has absolutely no clue, the States must be burdened with antiquated school curriculum until such a time (if we are lucky, before rapture perhaps!!) that we have an Education Minister who would realise how far behind we are and bring the curriculum up to date. Just take a look at the science curriculum for grade students in advanced countries and you would cry for Nigeria. I recently read of a high school in Japan which has amended its curriculum to include robotics and drones technology. IN HIGH SCHOOL!! But our Professors here don't have a hang on Robotics even! Students are still taught the very prehistoric rudiments of physics and chemistry in our schools. And this is even in the few schools that teachers and students still meet in the classrooms! For the few public schools that are lucky to have labs, all you see are miserable nameless creatures trapped in formalin, to which nobody ever pays attention. These creatures suffer a double jeopardy having suffered the first misfortune of being caught and preserved in formalin in Nigeria, and then thereafter completely ignored, even in death! And because the control of our curriculum is central, there is nothing potentially proactive or progressive-minded States can do about this.


does our structure stop you from upping your own qualifications for employment
does it stop you from developing your agric or manufacturing,security(yeah you can secure your state if you want to without waiting for federal govt)


You would think this is not a problem until you understand that Nigerians spend over ONE TRILLION NAIRA every year to study abroad, despite there being over 100 tertiary institutions in Nigeria. Not one is deemed good enough. You see, the reason why you have Cambridge, Harvard, Princeton, Yale, Oxford, etc is not only for academic excellence of the citizens of the countries which have these schools. No. They invest in their institutions so that they can earn revenue from foreign students from countries like Nigeria which has destroyed its educational system. Abroad, schools are so important to society that the economy, business and lifestyle of whole cities and even States completely depend on or revolve around schools. What would the city of cambridge be without Cambridge University. Or Cambridge, Massachusett without Harvard University. These cities depend on these universities to survive. And imagine that Nigeria had invested in its universities and was earning $1billion dollars a year from foreign students seeking to study here, who would be fighting over oil in the Niger Delta? How many car manufacturing companies would we have in Owerri near FUTO where students are constantly doing and selling their research products to burgeoning engineering and manufacturing companies? Recently, three students in Sweden conducted research and came up with a product that could improve wear and tear on tyres. The product became so successful that Volvo had to partner with these students to patent the product. Now when this product hit world stage, can you imagine how much revenue sweden would earn from these product? Do your research, most of the world-class products we buy today off the shelf, at great cost, were invented by university students. As you are reading this, do not forget that without Harvard University, there would not have been facebook, and consequently WhatsApp through which we converse today.


i believe our private universities will not disappoint
remember stanford harvard et al are mostly old private unis


But our students In Nigeria are not entirely without inventions. We invented the Pyrates Confraternity, the , the Eiye, the Vikings and what not!! Students resume school with guns and bullets, rather than books and scholastic ideas, as though academic institutions were a war college. Lecturers fly colors as do students. And when the turf war begins, people die in droves. But States can do nothing about this because some of these institutions are controlled by the Federal Government. Even for the ones controlled by States, you still can't do much because the security apparatus is controlled by the Federal Government. The Federal Government will provide or withdraw security from the State, depending on whether it is happy with the sitting Governor. So every year, all sorts of characters are vomited from Nigerian Universities to take their place in Nigerian society. So you have Judges, Lawyers, Engineers, Doctors and so forth whose first and primary allegiance is to their cult group, before the Country. The multiplier effect of this, is a treatise for another day.


they still failed
confraternity of failures
also why don't we have good confra
why are all the good guys lazy cowards
survival of the fittest


But suffice to say that as long as this problem persist, let's forget about Silicon Valley in Nigeria, because there will never be a Stanford University here to provide an infinite su

private unis are coming
never say never

pply of ideas and prodigies to feed the invention value-chain!

Nigeria cannot wake up from its slumber today because it cannot lift its head. The entire weight of its existence is concentrated in its head. From the viewpoint of government, the weight is In Abuja. From the viewpoint of revenue source, the weight is in the Niger-Delta. We need to urgently restructure and evenly distribute this pressure points and weights to diffuse tension in Nigeria.

proper suffering has a way of making one wake up
necessity is the mother of innovation



We need to revisit the exclusive legislative list in the constitution and systematically reduce the responsibilities of the Federal Government vis-a-vis the States. Resources have to be handed back to the States that generated them but place an obligation on each States to contribute an agreed percentage to the common federal purse to service obligations of the Federal Government. There is no reason Education, Policing, Prisons (only people convicted of federal offenses should go to federal prisons!!), Ports, Inland waterways, natural minerals, even marriage (yes, english form of marriage!!) and so many other items should be the concern of the Federal Government.We will never develop with such weight that weigh us down at the center. Nigeria can never raise its head in the comity of nations because of the sheer weight of the head.


ports? seriously?
beht even the ones una get
wetin una take am do


There is more to say, but scarcely any time. But to emphasis the point i've been laboring to make, shall i say again that there is absolutely no reason or need to fight for oil in the Niger-Delta. There are so many things that can bring more revenue to States in Nigeria than oil. South Africa has no oil, but it has Gold, and is richer than Nigeria. Let us fight for a system that will promote both equality and equity. Let us restructure Nigeria.

amdn



A worthy example.

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