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Nigeria Needs Total Restructuring To Achieve Economic Growth - Soludo - Politics - Nairaland

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Nigeria Needs Total Restructuring To Achieve Economic Growth - Soludo by chamber2(m): 8:03am On May 29, 2011
Former Central Bank of Nigeria Governor, Professor Charles Chukwuma Soludo, on Saturday, took a critical look at the social and economic growth of the country in the last 50 years and concluded that for the nation to achieve the desired economic and political transformation it must undergo total restructuring.

Soludo declared in a lecture titled, ‘Towards the Economic Transformation and Viability of Nigerian States, can we break the Oil Resource Curse?’

delivered as part of activities for the inauguration of Dr Muazu Babangida Aliyu of Niger State that ‘it is time to take tough decisions if Nigeria is to move forward’.

He said as part of the restructuring of the country, the nation should consider and implement the policy of having a single term of not less than 5 years and not more than 6 years for elected political office holders so that the struggle for power which had been accompanied by a lot of waste of resources and acrimonies would be removed.

Most executives, he said, are more audacious in their second term than in their first term.

Similarly, Soludo said he did not see what the country was doing with two chambers of the National Assembly, adding that only one arm with not more than 150 law makers would serve the needs of the country. He also said the country did not need more than 15 ministers at the federal level.

According to him, it costs more to maintain the National Assembly as presently composed than what half of the countries in Africa would need to carry out their day-to-day functions.

http://tribune.com.ng/sun/index.php/news/3998-nigeria-needs-total-restructuring-to-achieve-economic-growth-soludo
Re: Nigeria Needs Total Restructuring To Achieve Economic Growth - Soludo by egift(m): 9:49am On May 29, 2011
I agree with Soludo on all the proposal, except "Tenure Elongation".

Four years single tenure is enough for any serious leader to make his mark and step aside for others.
Re: Nigeria Needs Total Restructuring To Achieve Economic Growth - Soludo by chamber2(m): 10:28am On May 29, 2011
Yes, Soludo remains one of the brightest minds in Nigeria.His proposals come like bomb.
Re: Nigeria Needs Total Restructuring To Achieve Economic Growth - Soludo by Nobody: 11:43am On May 29, 2011
Soludo calls for 15 Ministers

Former CBN governor calls for reduction in number of ministers

Article | May 29, 2011 - 8:29am | By Chidi Okoye


Former Central Bank Governor, Prof. Chukwuma Soludo, has called for the trimming of ministers from 45 to 15, for the achievement of the country’s transformational agenda.

Nigeria's Constitution calls for each state to have a Minister in the Federal Cabinet.

Solution made the call in Minna yesterday, at an inauguration lecture in honour of Babangida Aliyu, the Niger state governor. 

In a paper titled, "Toward Economic Transformation and Viability of Nigerian states", Soludo stressed the need for an overhaul of the federal structure.

"The Federal Government currently carries dozens of parastatal agencies, whose functions overlap and with questions as to their contributions to the nation's pie.

"Quite frankly, we should review the items on the concurrent and exclusive lists in the constitution to ensure an operational, efficient and effective federal government," he said.

"It might be difficult to justify more than 10 to 15 ministers at the federal level," he said.

Soludo also called for the devolution of powers to the states in order to exploit mineral resources that abound in those areas with the aim of paying taxes to the federal government in line with true federalism.

[size=14pt]He said that the federating units must become truly viable for the economic transformation agenda to strive and suggested the scrapping of states and evolution of six regions, to reduce overhead cost of governanance[/size].
"If the National Assembly is to go ahead with the planned creation of more states, it must include a provision that such new state would operate for five years without funding to determine its viability," he said.
http://dailytimes.com.ng/article/soludo-calls-15-ministers
Re: Nigeria Needs Total Restructuring To Achieve Economic Growth - Soludo by Nobody: 11:48am On May 29, 2011
chamber2:


[size=14pt]He said as part of the restructuring of the country, the nation should consider and implement the policy of having a single term of not less than 5 years and not more than 6 years for elected political office holders so that the struggle for power which had been accompanied by a lot of waste of resources and acrimonies would be removed.

Most executives, he said, are more audacious in their second term than in their first term.

Similarly, Soludo said he did not see what the country was doing with two chambers of the National Assembly, adding that only one arm with not more than 150 law makers would serve the needs of the country. He also said the country did not need more than 15 ministers at the federal level.

According to him, it costs more to maintain the National Assembly as presently composed than what half of the countries in Africa would need to carry out their day-to-day functions[/size].
Re: Nigeria Needs Total Restructuring To Achieve Economic Growth - Soludo by Nobody: 11:52am On May 29, 2011
NL, This is critical FRONT PAGE matterial.
Re: Nigeria Needs Total Restructuring To Achieve Economic Growth - Soludo by Sunofgod(m): 12:02pm On May 29, 2011
Soludo is only stating the obvious - Bureaucracy is costly.

However, by restructuring he should focus more on what structure will be most beneficial to the growth and prosperity of Nigeria and its citizens.
Re: Nigeria Needs Total Restructuring To Achieve Economic Growth - Soludo by Nobody: 12:06pm On May 29, 2011
Sun of god:

Soludo is only stating the obvious - Bureaucracy is costly.

However, by restructuring he should focus more on what structure will be most beneficial to the growth and prosperity of Nigeria and its citizens.

Not too obvious to majority of our country men and women. Creation of new states is the priority of David Mark for the new senate.
Re: Nigeria Needs Total Restructuring To Achieve Economic Growth - Soludo by Sunofgod(m): 12:09pm On May 29, 2011
jerseyboy:

Not too obvious to majority of our country men and women. Creation of new states is the priority of David Mark for the new senate.

This is the problem - Our Politicians are all for bureaucracy because they know it equates to 'more money for them' and not the masses.
Re: Nigeria Needs Total Restructuring To Achieve Economic Growth - Soludo by Seun(m): 12:25pm On May 29, 2011
Bleh. These CBN governors sef.
Re: Nigeria Needs Total Restructuring To Achieve Economic Growth - Soludo by olaolabiy: 12:27pm On May 29, 2011
Restructure - - re-formulate policies as much as you like.

If we don't tackle corruption and nepotism, it is a futile exercise.


^^And, we can't tackle both.
Re: Nigeria Needs Total Restructuring To Achieve Economic Growth - Soludo by Nobody: 12:34pm On May 29, 2011
ola olabiy:

Restructure - - re-formulate policies as much as you like.

If we don't tackle corruption and nepotism, it is a futile exercise.


^^And, we can't tackle both.
The current structure and systems supports corruption. Haven't you ever thought about that?
Soludo is seasoned technocrat, he know what he is saying.
Re: Nigeria Needs Total Restructuring To Achieve Economic Growth - Soludo by Ikengawo: 12:40pm On May 29, 2011
i like how these men are ready to speak on what nigeria needs when they're out of power and relevance but when they're in any semblance of power they just want to go to meetings and drive around acting like 'big men'.

though soludo wasn't in the government he was hardly the philosopher king he's trying to paint himself as right now
Re: Nigeria Needs Total Restructuring To Achieve Economic Growth - Soludo by violent(m): 12:47pm On May 29, 2011
is there something he's saying that we don't know already? puhlleaase!!!
Re: Nigeria Needs Total Restructuring To Achieve Economic Growth - Soludo by Nobody: 12:56pm On May 29, 2011
Let us focus on the message not the messenger.
Re: Nigeria Needs Total Restructuring To Achieve Economic Growth - Soludo by chamber2(m): 1:12pm On May 29, 2011
NL, This is critical FRONT PAGE matterial.

They will never, but if a woman snatches another woman's husband then it will definitely make the FRONT PAGE
Re: Nigeria Needs Total Restructuring To Achieve Economic Growth - Soludo by ektbear: 1:30pm On May 29, 2011
Most of what he says is obvious and correct. Question is, is there the political will to push through these changes?
Re: Nigeria Needs Total Restructuring To Achieve Economic Growth - Soludo by joecrack(m): 1:32pm On May 29, 2011
Same ol' talk and rheteorics,implement the economic policies we've got on ground nw b/4 we start talking restructuring,overhaul,what not.
Give us light,water,proper education et al
Re: Nigeria Needs Total Restructuring To Achieve Economic Growth - Soludo by KnowAll(m): 1:40pm On May 29, 2011
i
s there something he's saying that we don't know already?  puhlleaase!!!



I think Soludo is seeking relevance again from the wilderness. I hope Sanusi would send out one of his scud missels sometime this week reminding Nigerians how bad Soludo was as a CBN Governor
Re: Nigeria Needs Total Restructuring To Achieve Economic Growth - Soludo by chamber2(m): 1:42pm On May 29, 2011

I think Soludo is seeking relevance again from the wilderness. I hope Sanusi would send out one of his scud missels sometime this week reminding Nigerians how bad Soludo was a CBN Governor.

And where exactly does that take us?
Re: Nigeria Needs Total Restructuring To Achieve Economic Growth - Soludo by KnowAll(m): 1:48pm On May 29, 2011
And where exactly does that take us?

You know those two have been sparring partners for some time now, obviously it is always a good and welcome spectacle if Aganga joins in on the on- slaught too. The bottom line is Soludo has not said anything the average Nigerian doesn't know about that is the bone of contention.
Re: Nigeria Needs Total Restructuring To Achieve Economic Growth - Soludo by kodewrita(m): 2:11pm On May 29, 2011
His suggestions make perfect sense but they wont happen. How do you convince the political class to give up 100+ juicy Assembly/Reps positions in the interest of forward movement? And how do you convince all those agitating for Ibarapa state and Anang state to give up their aspirations and go back into regional mode. it wil be hard to create an eastern region nowadays (other tribes will not want people to lord it over them.)
Re: Nigeria Needs Total Restructuring To Achieve Economic Growth - Soludo by KnowAll(m): 2:18pm On May 29, 2011
I am a state creationist and I am for creation of more state. Going back to regionalism is like turning the clock back. It ain't gonna happen in a million years. cool
Re: Nigeria Needs Total Restructuring To Achieve Economic Growth - Soludo by Nobody: 4:48pm On May 29, 2011
Ikengawo:

i like how these men are ready to speak on what nigeria needs when they're out of power and relevance but when they're in any semblance of power they just want to go to meetings and drive around acting like 'big men'.

though soludo wasn't in the government he was hardly the philosopher king he's trying to paint himself as right now

You are entitled to your own opinion, not your own facts.

Soludo as CBN governor was always trying to reform the system he met for the better, he was not driving around like a big man. He worked hard.
Re: Nigeria Needs Total Restructuring To Achieve Economic Growth - Soludo by Seun(m): 3:48am On May 31, 2011
Couldn't front-page the thread because of the part about tenure elongation.
Re: Nigeria Needs Total Restructuring To Achieve Economic Growth - Soludo by Beaf: 4:30am On May 31, 2011
‘Towards the Economic Transformation and Viability of Nigerian States, can we break the Oil Resource Curse?’

http://tribune.com.ng/sun/index.php/news/3998-nigeria-needs-total-restructuring-to-achieve-economic-growth-soludo

Soludo also called for the devolution of powers to the states in order to exploit mineral resources that abound in those areas with the aim of paying taxes to the federal government in line with true federalism.

He said that the federating units must become truly viable for the economic transformation agenda to strive and suggested the scrapping of states and evolution of six regions, to reduce overhead cost of governanance.
"If the National Assembly is to go ahead with the planned creation of more states, it must include a provision that such new state would operate for five years without funding to determine its viability," he said.

http://dailytimes.com.ng/article/soludo-calls-15-ministers

Soludo has said a lot of good stuff. nigeria was designed for generals to feed themselves fat on oil money and so they could distribute corrupting patronage to the disenfranchised masses.

IBB famously said all his attempts to collapse the economy had failed, because the country defies traditional economics. And boy, does it defy all rules of common sense! embarassed
There is no country on Earth where packs of nitwits gather together to clamour for states where there will be no means of sustainance. Indeed, they band together simply to vie for oil money. The case is even worse in the core-North where they have somehow managed to generate 10 million riot-ready almajiri's on other peoples money, needless to say, that unwashed bunch will not hesitate to murder those from revenue generating areas for the price of a loaf.

We have managed to build a bewideringly stvpid system that manufactures corruption very efficiently. Everything is based on top-down patronage and the ability to either unleash or thrive through chaos and primitive displays. In all known countries of the World (except the likes of Somalia), the system is opposite to what obtains in Nigeria; LG's fund state (or equivalents), the states in turn fund the central govt. There is no country in the World where the central govt pays states, only for them to breed almajiri's by the million, or reject education; even worse, refuse to develop industries and services to make themselves self sufficient. Everyone looks to the FG like shameless cretins who don't wish to lift a finger. All 36 states of the country are a complete disgrace, not one can live without oil and the FG.

It is not the fault of the states though, rather its the mess we inherited from traumatic years of being led by abject fools in military fatigues. We need to find clever ways out of the mess. I keep pushing that a situation be created that would mandate each state to provide business plans and feasibilty reports for their development; viable plans will be funded with loans from oil money and repaid as share or cash to the ND. Those that can't think up money making schemes outside oil are either mentally lazy or economically unviable and must merge.
We must also totally loosen the land use decree, petroleum act and resource control statutes. The FG must totally relinquish all rights to land (onshore, offshore and litoral), instead all FG revenues must be derived strictly from taxes on states and LG's. This will ensure that no section of the country can abuse the other.

Nigeria is blessed with vast human, natural and mineral resourses. Oil isn't everything, as far as Nigeria is concerned, its just the fools way to guarantee the next meal.

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