Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,173,789 members, 7,889,575 topics. Date: Sunday, 14 July 2024 at 03:34 PM

Sri Lanka Uprising Holds Lessons For Nigeria -Punch Editorial - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Sri Lanka Uprising Holds Lessons For Nigeria -Punch Editorial (14036 Views)

Shocking Revelations Of Lagos #EndSARS Report - Punch Editorial / Buhari Clueless As Criminals Overrun Nigeria - Punch / Power: FG Seeks Fresh $3bn Loan As Darkness Pervades Nigeria(Punch) (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

Sri Lanka Uprising Holds Lessons For Nigeria -Punch Editorial by iwaeda: 8:08am On Jul 22, 2022
THE election on Wednesday of Ranil Wickremesinghe as the President of Sri Lanka offers scant hope of dousing the five-month-old unrest rocking the country or ending the economic crisis that triggered them. Opposed to the veteran political operator and six-time prime minister, the protesters who have already put a prime minister and a president to flight, have vowed to fight on until the entire political class is evicted. ‘People power’ is colliding with formidable state institutions and accompanying instruments of coercion. The unfolding events hold valuable lessons for Nigeria.

Preoccupied with power and their privileges, Nigeria’s politicians should pay attention. When he resigned as president and fled to Singapore, Gotabaya Rajapaksa left behind a country in turmoil, its economy in ruins, a wobbly transition government and an angry population determined to overthrow the oppressive political order that had impoverished them.

For Nigerians at the receiving end of the depredations of their politicians and poverty, Sri Lanka demonstrates the option of ‘people power.’ For the ruling class, it signposts the danger of complacency and the fallacy that the people’s seething discontent will forever remain latent.

Pushed to desperation by economic deprivation, a corrupt and incompetent government and with their rights suppressed and unable to freely effect change through the ballot box, Sri Lankans have responded with mass protests since April, overrun public buildings, including the sprawling presidential palace in Colombo, the capital.

They have forced the ouster of the president and prime minister, Gotabaya, his brother and predecessor, Mahinda, and toppled – at least for now – the Rajapaksa political family that has dominated Sri Lanka’s politics and government for decades.

Like all popular revolts, the final outcome is not certain. But the country will not be the same again; politicians there may never again take the people for granted or ride roughshod over their concerns. Nigeria’s corrupt, inept politicians should tremble.

The triggers of the Sri Lankan crisis eerily mirror Nigeria today. Long-running economic adversity plunged to new depths beginning in 2021 and worsened by 2022. Like in Nigeria, where the President, Major General Muhammadu Buhari (retd.), and the state governors are running the country aground, the Rajapaksa government that won a popular mandate in 2019 to save a collapsing economy, instead thoroughly mismanaged it. Power cuts, fuel shortages leading to long queues, sometimes for days, shortages of food and medicines and job losses have assailed the country’s 22 million people. Between January and June this year, inflation reached 54.6 per cent, public services collapsed as the government ran out of foreign reserves to pay for essential imports, reported the BBC.

Again, like in Nigeria, the government amassed a mountain of debts; external debts climbed rapidly, reaching $51 billion by early 2022. In May, it defaulted on $7 billion debt repayment, provoking even more hardship. External reserves had sunk to as low as $1.81 billion in April, and its rise to $1.92 billion in May, the first in five months, did not help. The country will need to raise $6 billion in the next six months to contain shortages of fuel, food, medicines, and raw materials said Bloomberg.

There is another dimension to the debt: Sri Lanka walked into a “Chinese debt trap.” Between 2000 and 2020, according to the CNN, it borrowed up to $12 billion from China. The trap has been closing. In 2012, unable to meet repayment obligations, it ceded control of a major port complex to China. Just as the Buhari government does, it borrowed to service debts, pay salaries and for overheads. Foolishly, it took a further $3 billion from the same China in 2020 to repay debts! Though officially, China’s share of its external debts is 10 per cent, the United States Institute of Peace says that counting the debt held by China’s Exim Bank and the China Development Bank, the percentage is closer to 26 per cent. The Buhari regime should take note.

All the ruinous policies that bankrupted Sri Lanka are multiplied in Nigeria: printing money recklessly, borrowing without method, spending less on people, investment, and capital, mismanaging the foreign exchange market, running a rentier system driven by cronyism, sectionalism, and incoherence. Nigeria adds religion to the mix, where sectarian considerations interfere with economic decisions. Corruption thrives.

And like Sri Lanka, where one family (four Rajapaksa brothers held the country’s most important public offices), their cronies and retired and serving military officers engaged in naked nepotism, corruption, and incompetence.

Nigeria’s economy is broken, debt servicing is taking over 90 per cent of revenue, about 95 million people are poor, majority of the youth are jobless, inflation is record high and the naira is crashing against major world currencies. For an import-dependent country that like Sri Lanka failed to diversify its exports away from primary products, this is disastrous. The collapse of the national power grid on Wednesday – the sixth time this year – and the official increase in pump head prices of petrol highlight the energy crisis where prices of diesel, aviation fuel, kerosene and lubricants have devastated businesses.

Add to this insecurity everywhere, the alienation of large sections of the polity and the lack of functional basic services, Nigerians are being driven to the brink. The IMF fears that Nigeria could soon default on debt repayment amid foreign reserves of only $38.48 billion (compared to South Africa’s $60.3 billion), external debt of $41 billion dwindling oil and tax revenues.

Amid all this, the regime and politicians flounder; are uncaring and fixated on the next elections, power, and plunder. The state governors are mostly failures. There should be a drastic change by public officials to avert Sri Lanka-style bankruptcy and unrest.

Nigerians should realise that they have power and owe themselves, and present and future generations the right and duty to demand accountability and good governance. The people’s complacency has emboldened politicians and impoverished the country. Through all lawful means –peaceful protests, petitions, sit-ins, town hall meetings and active civic participation, including voting and mass mobilisation –they should compel attention from the political class.

For the political class, Sri Lanka is a stark warning. One day, the famed patience of Nigerians may run out.

https://punchng.com/sri-lanka-uprising-holds-lessons-for-nigeria/

26 Likes 3 Shares

Re: Sri Lanka Uprising Holds Lessons For Nigeria -Punch Editorial by Seniorwriter(m): 8:09am On Jul 22, 2022
Nigerians are not ready to do such.... howbeit it's better to come out enmass to vote out both APC and PDP.

The bugging question always is what has APC done as a party(I was a party member though slightly active) that gives them the audacious confidence to keep campaigns? In sane climes their campaigns and campaigners will be lynched or attacked by angry citizens anywhere they are seen doing such satanic campaigns.
Get your PVC ready pleeeaaase...
THE LABOUR OF OUR HEROES PAST SHALL NOT BE IN VAIN!....
Pinned emphasis on the word Labour
I'm sure the word is gradually playing a role on the political party called Labour Party

We need vote in all leadership positions young visionary leaders come next year and most importantly vote out both APC & PDP alike come 2023 Presidential Election....let's vote wisely.

CyberHustle:

The labour of alleged past heroes must be in vain for us to see any positive change. Buhari rejected restructuring and will soon be inducted into the hero past hall of fame. How about that?


You lack the ability to read and comprehend ...try learn it.
POC Nigeria has no hall of Fame for heroes like Dora , Sarah , Yard Adua , e.t.c buhari and those persons in your head are never considered hereos by well meaning Nigerians....i won't dignify you with a response anymore.



@Seniorwriter

30 Likes 2 Shares

Re: Sri Lanka Uprising Holds Lessons For Nigeria -Punch Editorial by God1000(m): 8:16am On Jul 22, 2022
Did our leaders learn anything from Endsars protest?

39 Likes 4 Shares

Re: Sri Lanka Uprising Holds Lessons For Nigeria -Punch Editorial by JuanJO(m): 8:21am On Jul 22, 2022
E go clear Dem for eyes Sha... in PO we believe

22 Likes 2 Shares

Re: Sri Lanka Uprising Holds Lessons For Nigeria -Punch Editorial by iwaeda: 8:34am On Jul 22, 2022
JuanJO:
E go clear Dem for eyes Sha... in PO we believe

PO can't hold this nation angry grin grin grin grin

2 Likes

Re: Sri Lanka Uprising Holds Lessons For Nigeria -Punch Editorial by WibusJaga: 8:35am On Jul 22, 2022


Once PO can get the People to become Obidient & Yusful, e don finish!

25 Likes 1 Share

Re: Sri Lanka Uprising Holds Lessons For Nigeria -Punch Editorial by Laggafin: 8:45am On Jul 22, 2022
They should not learn any lessons so it makes it easier for obi-dients to kick their butts out of politriks.
Re: Sri Lanka Uprising Holds Lessons For Nigeria -Punch Editorial by Maxymilliano(m): 8:50am On Jul 22, 2022
Expectedly It should serve as lessons to the country political leaders but unfortunately, they are beyond caring and only after corrupt enrichments at the detriment of the hoi polloi

1 Like 1 Share

Re: Sri Lanka Uprising Holds Lessons For Nigeria -Punch Editorial by Nazgul: 9:00am On Jul 22, 2022
Such uprising cannot happen in Nigeria, cos whoever is in power his tribesmen would protect him regardless of how useless he's performing.

As Buhari is in power do you think the north would support any uprising that would chase him out of office? Never, they'll immediately turn it to a tribal affair, likewise Igbo and yourbas, no body would speak against his tribesman.

See ordinary end SARS protest of 2020, they were already turning it to an Igbo/yourba affair in Lagos. I don't see such happening Nigeria.

13 Likes 5 Shares

Re: Sri Lanka Uprising Holds Lessons For Nigeria -Punch Editorial by Haopop: 9:00am On Jul 22, 2022
Just become OBI-dient and YUS-ful to your life by getting your PVC, vote on election day & also protect your vote from BATS or else A ti Ku o!

6 Likes

Re: Sri Lanka Uprising Holds Lessons For Nigeria -Punch Editorial by BIGDADDY000(m): 9:00am On Jul 22, 2022
when serious NIGERIAN are ready for REVOLUTION,

even END SARS will be a child play.

lets all be OBI-dient please, this APC disasters is enough.

8 Likes

Re: Sri Lanka Uprising Holds Lessons For Nigeria -Punch Editorial by posty56: 9:00am On Jul 22, 2022
there's no lesson to be learned,the only reason the people had upper hand were because sei Lanka can't afford to pay military if not they would have kept their people in check,it's very hard to topple and government as for Nigerians we are two docile ,even if dey push to the wall and press us to it , we won't react.

3 Likes

Re: Sri Lanka Uprising Holds Lessons For Nigeria -Punch Editorial by Bastaadi: 9:01am On Jul 22, 2022
Tinubu presidency will be the final nail in the Nigeria coffin

I don't care about 16years of straight northern presidency

I don't care about Muslim Muslim ticket


I care about two successive failed regime

That is why we must never vote Àgbado Man

9 Likes

Re: Sri Lanka Uprising Holds Lessons For Nigeria -Punch Editorial by Nobody: 9:01am On Jul 22, 2022
Lessons for APC. APC has done enough damage. They should pack their cassava and agbado and go.

1 Like

Re: Sri Lanka Uprising Holds Lessons For Nigeria -Punch Editorial by MVLOX(m): 9:02am On Jul 22, 2022
Hmmm....
Re: Sri Lanka Uprising Holds Lessons For Nigeria -Punch Editorial by tunjijones(m): 9:02am On Jul 22, 2022
I suspect something like that might happen in Nigeria if lot of things are not corrected.

7 Likes

Re: Sri Lanka Uprising Holds Lessons For Nigeria -Punch Editorial by Amotekun777: 9:02am On Jul 22, 2022
In this part of the world, majority of the citizens are cowards. They rather sulk up to their Oppressors, hail and sing their praise. angry

5 Likes

Re: Sri Lanka Uprising Holds Lessons For Nigeria -Punch Editorial by Morenikeji090(m): 9:02am On Jul 22, 2022
Tinubu Jagaban is the solution to Nigeria problem. A man of honor
Re: Sri Lanka Uprising Holds Lessons For Nigeria -Punch Editorial by Antoeni(m): 9:02am On Jul 22, 2022
Who Will Bell The Cat?
Re: Sri Lanka Uprising Holds Lessons For Nigeria -Punch Editorial by Tonymegabush1(m): 9:02am On Jul 22, 2022
They never what's is going on
Re: Sri Lanka Uprising Holds Lessons For Nigeria -Punch Editorial by babyfaceafrica: 9:03am On Jul 22, 2022
Super story
Re: Sri Lanka Uprising Holds Lessons For Nigeria -Punch Editorial by Nobody: 9:03am On Jul 22, 2022
Morenikeji090:
Tinubu Jagaban is the solution to Nigeria problem. A man of honor

You clearly don't know what a solution is if you think Tinubu is the solution.

9 Likes

Re: Sri Lanka Uprising Holds Lessons For Nigeria -Punch Editorial by Brushstrokes20: 9:03am On Jul 22, 2022
The shithole is almost getting there!
What the lifeless scammer cannot destroy does not exist!
Nig urgently needs a SANE, SOUND and COMPETENT LEADER!
Re: Sri Lanka Uprising Holds Lessons For Nigeria -Punch Editorial by tunjijones(m): 9:03am On Jul 22, 2022
Bastaadi:
Tinubu presidency will be the final nail in the Nigeria coffin

I don't care about 16years of straight northern presidency

I don't care about Muslim Muslim ticket


I care about two successive failed regime

That is why we must never vote Àgbado Man

Who do you think can turn things around.
Re: Sri Lanka Uprising Holds Lessons For Nigeria -Punch Editorial by Aigyeeb: 9:04am On Jul 22, 2022
Morenikeji090:
Tinubu Jagaban is the solution to Nigeria problem. A man of honor


Someone who use drug money to buy Lagos
Then use Lagos money to Buy Nigeria

Just tell us you are dying to eat this horrible delicacy

Àgbado & Cassava munching miscreant

6 Likes

Re: Sri Lanka Uprising Holds Lessons For Nigeria -Punch Editorial by Adedotguy: 9:04am On Jul 22, 2022
grin
Re: Sri Lanka Uprising Holds Lessons For Nigeria -Punch Editorial by Moh247: 9:04am On Jul 22, 2022
cool

(1) (2) (3) (Reply)

South-East Should Align With Tinubu’s Government For Largesse- Chimaroke Nnamani / National Assembly Members Know What Is Good For APC – Tambuwal. / There Will Be Crises If Police Arrests Arewa Youths-Junaid Mohammed

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 38
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.