WHAT majorly " destroyed" us. . by Dr Kalu Idika Kalu

1. Our inability to comprehend and implement appropriate economic development policies in recent times. It dates back to Shagari, the first coming of Buhari, Babaginda, Abacha, Obasanjo( majorly involved from Babaginda right through to the second coming of Buhari),Jonathan, and the second coming of Buhari

The civilian, so called technical and the " professional" character personae are legion!! Most did not know better or chose " to stay in office"!!
Major disastrous' policy' instruments include a so- called second tier forex and non- effective financing stance that has persisted till date: denied the economy of critical financial support and has been primarily responsible for ensuring the " otherwise unwarranted" crashing of relative value of the naira for thirty odd years! Tha Naira/$ value with adequate funding of viable projects, should be no more than 10:1 at the worst, and despite the burst and the boom of the world price of oil! The growth of output and employment. . and Nigeria's place among the the top 15 economies can easily be imagined if we had listened to simple economic reasoning,and absorbed an additional use of about $5-7billion average annual funds and investment inflows over the past 25-30 years!! This represents a conservative minimum of $150-200 billion total loss in direct investment forgone, aside its multiplier effects !!!!
Other major components of the crass economic booboos, aside the major monetary and fiscal flaws associated with the ruinous and anaemic starving of the economy over these three decades, have been massive loses from divestment of existing primary as well as secondary industries, and inappropriate privatization policies, the worst being that of the critical power sector!
Corruption and associated multi- hydra-headed effects were almost inevitable results from an economy that performed well below its average potential , alongside a greed, as distinct from , a ' service- propelled , political culture!
A mass Rail transit should have been put in place by the early nineties, a modern wide gauge rail network( a Lagos - Calabar rail line to move fertilizer, oil, agriculture ,passengers , and other goods!); furthermore , a Lagos- Abuja ail line, through to Maiduguru, perhaps they the Sambisa, would , by the early nineties, have opened up the entire North East. . nipped insurgency and . . Boko Haram. . in the bud!! Alas!
Against all these catastrophes must be factored the question of leadership.. . and followership. . our ineffective and clearly ineffectual national cohesion that has kept us so fractured, and confounded our patient admirers everywhere ! The hype and expectations of Africa's most populace nation seemed so natural and justified at " independence " loomed in the late 1950's!!
Most observers now agree that despite the enormous resources " sunk". . wasted. . critical choices of leadership and policy have left the nation a very sad community by comparison with our immediate pre-independence past!
Which brings us to where we are under Buhari II!
The nation cannot Now, by chasing shadows, afford to drop the baton for a new start. . for a BOLD CHANGE. . a thorough Re-Start in just about every single facet of our lives, education, health, social safety net for the masses , perhaps 80-85%, that have been suffering through it all ! It is a Huge and daunting task. By the last election and the apparent consensus of all Nigerians and our friends out there, Mr President was the Man to infuse discipline and tame the poison-tipped tongue of the corruption serpent! Law and order, equal access and even- handed Justice, transparent and sharp- footed public administration, all were to flow in equal measure!
It is Not Too Late, despite the ominous signs. . Mr President and his team must brace up and turn this tide, avert this slide to the Nation's advantage!
Decision on minimally effective restructuring of the polity to improve equity and economic management; a move fully to decentralize and devolve fiscal and administrative power to a more representative " federating units structure "! Policies should be pronounced to this effect with discussions set in motion to work out the details based on all existing Conference Resolutions. Government should set up non partisan professional committees to advise immediate action on festering economic and financial questions, while it awaits the recommendations on political and administrative restructuring! The sheer enormity of both the depth , and the required resolution , of our political and constitutional problems are most probably not clearly understood by all the contending protagonists ! The entire atmosphere needs a calming down from the rushing pace of an otherwise ominous denouement!

So who spoil economy Jonathan or Buhari