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Monday, February 29, 2016

Letter to President Buhari--Economic and Political Synergy





Sir,

This Letter is a response to the myriad of issues facing Nigeria under your
Presidency especially now that your efforts at curbing corruption are
really revealing the depth to which the malaise had crept into Nigeria’s
body politic. This is aggravated by the recent disclosure about top civil
servants conniving to sabotage the 2016 national budget to satisfy their
corrupt appetite and aspirations, in an emphatic revelation of the descent
of the entire state apparati into the cesspit of corruption. 

Needless to say, all of these point to the imperative of CHOICE between a maintenance
of the current political order or CHANGE of the structures of governance.
We do recall that as an aspirant as well as the leader of the party in
power, you did promise CHANGE for which reason APC is popularly referred to
as the Party of Change.


While the efforts to sanitize Nigeria’s finances and retrieve stolen monies
are commendable, Egbe Omo Oduduwa says that the simultaneous pursuit of
both the economic and the political components of Change is the surest
guarantee against a subversion of the promise of CHANGE. Your
Administration must do no less.

Nigeria’s entire political structure was and is still based on an economy
which is no longer able to support that structure. All of the efforts by
your administration at economic diversification will come to naught if a
substantial part of its dividends are applied towards the maintenance of
those structures. The central issue has to do with the raison d’etre of the
STRUCTURE and not the slashing of salaries and allowances. 

Today’s global economic reality clearly show that a country’s economic buoyancy is
determined by her ability to not only compete within the global space, but
also her ability to determine the content and context of her economic
activities. Thus, when the economic aspirations are not in tune with the
political architecture, the synergy for development will be lacking.

Egbe Omo Oduduwa posits that Nigeria’s economic diversification will be
meaningful only if it proceeds from the standpoint of combined political
and economic reordering as a fundamental necessity.

While all the world’s geo-political territories are one way or the other
engaged in redefining their global positioning, Africa is still stuck in
maintaining its colonial legacies, primarily based on the negation of the
Peoples as drivers of their economic destinies thus making Africa a
developmental dump-site where all sorts of experimentation that cannot
support any form of development are carried out, all based on aspirations
to accumulate foreign reserves or attract foreign investments with
political structures that are fundamentally at variance with the real
developmental needs of the Peoples.

This you can see from the pressures being piled on the NAIRA, which has
been on-going for the past 30 years without a respite in sight. Our ability
to manage financial resources without regard to the ends of development
becomes a pursuit of an end in itself. All your noble efforts to ensure
prudence, savings, sanitation of the economy and “diversification” without
corresponding political coordinates will become mere statistics that do not
reflect on the lives of our peoples.

The relationship between the political and the economic can be seen in the
abolition of the Trans-Atlantic Slave Trade because of its continuous
economic unviability culminating politically in direct colonialism which
itself succumbed to the anti-colonial “Wind of Change” in order to avoid
the economic collapse of the colonizing countries. It is also clearly
indicated in the coming into being of Nigeria vide the 1914 Amalgamation
which was informed by economic necessity. In each of these instances, the
political and economic solutions were simultaneously engaged where one
became a consequence of the other.

Can we act differently in today’s Nigeria? When the country “diversifies”
through any economic activity, and assuming that it succeeds, would its
proceeds go toward sustaining the extant political structures? Doing so
would defeat the purpose of diversification, more so when these political
structures have become so entrenched in corrupting the State Apparatus and
becoming clogs in the wheels of our desire for Development.

Nigeria is now faced with two choices: Your Administration can proceed on
its anti-corruption/diversification course while
utilizing/maintaining/challenging the corrupt and corruptive structures of
the State, resulting in your Administration’s continuous political fights,
with all of its uncertainties, including, but not limited to, the emergence
of new political formations, alliances or tendencies anchored on perceived
political lapses and/or manipulations, the end result being neither
economic nor political freedom, which the pursuit of Change demands. On the
other hand, diversification, as an economic necessity must involve
“diversification” of the political system; meaning, economic proceeds
cannot be used to sustain extant structures but must create its own
political structures for the necessary synergy to apply.

There is no room for a military attempt at consolidating or promoting any
change process, either in the form of fighting corruption or economic
diversification, not in the least because the military, as an institution,
was and is directly responsible for Nigeria’s current state of affairs and
cannot be expected to provide any solution as the problem cannot be the
solution. You and some members of your Administration had, at one time or
the other, participated in the Institution’s incursions and it is our
belief that lessons have been learnt. This does not imply that a “military
solution” may not be attempted but we are certain that it will only
compound the problem rather than resolve it.

The question your Administration faces thus becomes the Constitutionality
of any political action you may want to take. Nigeria’s 1999 Constitution,
with a preamble falsely anchored on “We, the People” cannot operate outside
the manifest interest of the Peoples of Nigeria. Accepted that this
Preamble does not, by itself, grant any powers and rights not specified in
the Constitution; its being a statement of the principles in this
Constitution means it cannot also be based on a false premise. That such a
premise as “We The People” is false implies that the entire principles,
powers and rights it purports to embody are also false since “We, The
People” had no hand in its making, directly or indirectly, being a product
of military fiat which was not acting and did not act on behalf of “We, The
People”, even as by so doing, the producers of the Constitution unwittingly
affirmed the Peoples’ sovereignty.

This false preamble only means, on the one hand, not binding on “We, The
People” on whose behalf such an assumption was made. On the other hand,
“We, The People” need to exercise our right to correct this anomaly by
ensuring that the Constitution is indeed a product of “We, The People”, the
only guarantee of its legitimacy.

Since no such authority was delegated to the military, it implies that at
any and all times, only “We, The People” have the power and the right to
make, amend or change the Constitution, partially or in its entirety and
such powers and rights cannot be circumscribed by whatever provisions
contained therein once the “We, The People”, on our own initiative, decide
to express ourselves and make any changes, to the extent of overriding
whatever provisions that had been provided for any changes at any time,
based on the exclusivity of the rights of “We, The People” to always have
the ability and the need to make such decisions, partially or wholly, and
at any point in time, thus voiding all the two-thirds of states and
National Assembly provisions for its amendment; especially when the
National Assembly itself has serially abused the Constitution.

Consequently any effort at political changes cannot be limited or
circumscribed by the provisions of this Constitution and your
Administration’s way out of the quagmire is the enablement of Peoples
Constituent Assemblies among the various Peoples and Nationalities within
Nigeria organized along Regional or Zonal geo-political lines. The outcome
of their deliberations and proceedings would be tabled for acceptance or
rejection at Regional Referenda which must have been enabled by Executive
Order.

This would lead to the replacement of the National Assembly with a single
House of Representatives and creation of a National Federal Council, with
equal representation from the Federating Regions, regardless of size,
entrusted with choosing/electing/selecting a Head of State/Head of
Government.

Furthermore, your Administration’s current attempt at retrieving stolen
monies would gain more traction when those who have partaken in the sharing
of our monies and have so far refused to refund same would be handed over
to their Federating Regions with the shared monies becoming the Region’s
debt to the Federation, which can be either in totality or as a negotiated
percentage. It will be left for the Region to find any means necessary to
retrieve or choose to pay the debt; with the Federal Government empowered
to collect its debt from the Federating Region by any means at its disposal.

For the Peoples Constituent Assemblies, the Movement for National
Re-Formation(MNR) has what can serve as a template, a Federation of 18
Regions out of which 12 would be mono-nationality with 6 being
multi-nationality based on the equality of all the nationalities,
regardless of size, as well as being autonomous federating units of equal
value to the whole.

Mono-nationality Federation Ibibio
Federation,Ijaw,Igbo,Urhobo,Edo,Yoruba,Nupe,Tiv,Gbagyi,Hausa,Fulah,Kanuri.
Multi-nationality regions: (i) A federation comprising minority
nationalities in Cross River and Akwa Ibom states (i.e. Eket, Annang, Oron,
Ibeno, Efik, Ejagbam, Korop, Boki, Bakwara, Yakurr, Yala). (ii) A
federation comprising the minority nationalities in Rivers and Bayelsa
states (i.e. Ikwerre, Etchei, Ekpeeye, Engeni, Ogba, Eleme, Ndoni, Ogoni,
and Andoni). (iii) A federation comprising the minority nationalities in
Delta State (i.e. Ika, Ndokwa, Warri, Isoko). (iv) A federation comprising
the minority nationalities in West Middle Belt, i.e. Zuru, Kambari, Bariba,
Bussa, Karekare, Ngizim, Angamo, Bola, Funne, etc. (v) A federation
comprising the minority nationalities in Central Middle Belt, i.e.: (a)
Ebira Group: Ebira, Uku, Ebira-Ugu, Ebira-Panda, Etuno-Igarra, Ebira Mozun,
Bassa-Nge. (b) Igala Group (c) Upper Benue Group: Alago Eggon, Gwandara,
Mada, Kakanda, Mighili, Bassa-Komu, Ninzom, Arum etc. (vi) A federation
comprising the minority nationalities in East Middle Belt, i.e. (a) Plateau
Group: Ngas, Berom, Afezere Taroh, Goemai, Nmavo – Jukun, Amu, Pyem, Youn
etc. (b) Taraba Group: Chamba, Jukun, Kuteb, Mambila, Kona, Kunni, Kaanab,
Ndoro, Abakwa, Mumuye, Yububen, etc. (c) Savanna Group: Bura, Tangale –
Waja, Bachama, Manghi, Kilba, Yungu, Mwanna, Bwazza Mbula, etc.

The quest to redeem Nigeria deserves and demands no less.

Thank you, Sir.

Shenge Rahman Akanbi, Femi Odedeyi

For and on behalf of Egbe Omo Oduduwa

(egbeomooduduwa1945@gmail.com)

THE CORRUPTION WAR HAS UNKNOWN SOLDIERS





EFCC, again like Festus Keyamo did all through, are going to lose the case against Metuh. (you have not proved that the money given to Metuh's company is illegal. You have not convicted anyone for the source of the money and yet you want to convict Metuh?

 It is like you have not proven a car was stolen and you are accusing a man of buying stolen car. So EFCC rests their case on "strongly linked". IDIOCY.) Metuh in Court (Snippets from proceedings today February 9, 2016) EFCC witness fails to give evidence that Metuh ate own statement …Document read in court showed Metuh’s transaction passed through due process…..

…..No document linking $2m given to Ararume with Dasuki's fund. EFCC witness Detective Junaid Saeed entered the witness box at 9:03. Witness averred that he is with special Taskforce team According to him; After oral interviews, Metuh was asked if he was willing to make statement and a sheet of paper was given to him with cautionary word.

When he concluded writing the statement, which was in four sheets he handed it over to me and I read what he wrote and I gave it to other team members after I returned to him for endorsement.

He endorsed the first and second sheet and when he was to endorse the third sheet…..He suddenly tore the sheet, the pieces recovered and registered with the commission. I immediately made entry of the incident into report sheet and EFCC duty record.

Because of this I declined giving him the fourth sheet to endorse because I did not want him to tear it. He requested to volunteer another statement, which he did after I gave him a sheet with cautionary words and he volunteered another statement. Interview and investigation carried out confirmed that CNC were used to carry out media campaign activities of PDP on the instruction of the first defendant, ditto Abba Dabo. See shocking Snippets from Cross-Examination of EFCC

*Defendant voluntarily presented himself to the EFCC.
That's correct.

*Was he alone when he made the statement?
No, he was not alone.

*Right to say that you asked question and he responded?
My lord, yes

*You did not touch or physically opened his mouth?
No, my lord.

*Did he eat anything while writing the statement?
No my lord. Metuh was not willing to sign the unsigned.

*Did …faked the statement?
No

*Metuh mentioned he made presentation to Goodluck Jonathan.
Yes ….He did not say the cost of the presentation was N400m

*Did he say that the former President requested his account detail after the Presentation?
Yes.

*Yes we found out that the presentation has to do with publicity and the image of PDP.
We found out that PDP was embarking on a national election and Jonathan was the candidate.

*You found out that disbursement were made for the campaign activities of the PDP. Did you find out any personal relationship between Dasuki and Metuh, Destra?
Not to my knowledge.

*Officially did you find out if Dasuki was answerable to Metuh.?
 No

*Who was Dasuki answerable to?
He is expected to be answerable to the then President.

*In the course of your investigation did you obtain any statement from former President Jonathan?
No, my lord.

*You mentioned that N400 million was not authorized?
Yes

*Who does approvals for payment by ONSA?
 It is internal arrangement of the office where contract is confirmed executed. NSA and director of finance indicate that job has been done properly before payment.

What is the official designation of SA Sanusi in the office of ONSA?
He was the director of finance.

Bulu Spony?
Yes my lord. He is staff of CBN

*Confirm that you have the names and signatures of the authorize persons, Dasuki and others. Yes

*You did not come across any document where ONSA classify the transaction as security services?
Yes But you know what EFCC classify as security services.
Yes

 *Witness made to read from exhibit from ONSA saying all due process followed.
 Nobody has been convicted in respect to the disbursement of the 400 million
Yes my lord.

Did you find out when Destra account was opened?
Yes. 10 th Feb 2014.

Did you find out if there was any other disbursement from ONSA to Destra?
It was found out that Dasuki withdrew N10b and converted to 14.7m dollars and gave to the ADC of the former President and the special Adviser to the President to share to PDP top notches for PDP special convention. The 2m dollars given to Ararume by Metuh is strongly linked to the disbursement of N14.7 m shared out to PDP members.

*No document from either Dasuki or anybody from EFCC in respect of the said N14.7m

*Any complaint from EFCC made in respect of the N2m dollars. Do you have financial statement between Olisa and Ararume?
No. My Lord Are you aware that such transactions are documented/ Yes Apart from Yomi Badejo, the EFCC did not get information from any other person present at the presentation to former President Jonathan Witness left 11.33am. The EFCC gave indication it wants to close its case. Case adjourned to 18th for defence to open their case High Points From the interrogation Metuh did not eat his statement. Metuh has no personal relationship with Dasuki EFCC did not obtain any statement from Jonathan Document read in court showed Metuh transaction passed through due process. No document linking $2m given to Ararume with Dasuk's fund. Nobody convicted in respect of Dasuki fund. No document to show Dasuki withdrew 10b from CBN

Flee enterprise





We all want freedom, but sometimes when the price is high, we justify servitude. A few western clerics in the slave trade era found portions of the Holy Bible to anoint an economic system that put whites and blacks apart, except when the blacks groaned under the whites.
“When everyone is free, no one is free,” wrote Nicolo Machiavelli, who had no patience for liberty. The notion of freedom has come to play in our economy today.

 It was easier to define in the Goodluck Jonathan administration because our foreign reserve was robust with the price of oil cresting at $114 for a barrel. Nigerians were free to import as much as we wanted, from Ferrari to toothpicks.

We could afford them. Oil dividends glittered in our pockets and lifestyle, although it was mainly the lifestyles of the rich, the footloose political class and their conniving business elite. Day after day, they are making headlines for the billions of Naira they stole in the Babylon the Great of the Jonathan era that has now fallen.

Now the story is different. Nigerians cannot shop on the streets of London or Manhattan with the swagger of a few years back. Their ATM cards may not be honoured. Even their children schooling in the tony colleges and universities abroad are not attending classes because their parents cannot transfer funds. But that is not the only story. Investors are fuming. They cannot buy or sell, and they cannot import even materials they usually ferried into the country like clockwork.

Now here is the grim story. Between June and December 2015, we spent over $180 million on BTA and PTA. The airlines gulped $584 million and school fees lapped up over $284 million. In 2014, the foreign reserves stood at $38.3 billion, while today it is about $28 billion.

What this means is that our unending quest for toothpicks, flowers, shoes, textiles and even imported cowhide known as pomo, has placed extraordinary pressure on our currency and reserves. It is such that we demand about $4.6 billion monthly for foreign exchange, while we only cart in about $1 billion. If we continue this trend, we shall see our reserves dwindle until they crumble. When the price of oil soared, we had no such quandary about whether to import certain items or open our liberal doors.

Now, the Central Bank of Nigeria and the Buhari administration decided to take a few measures. It was to place restrictions on foreign exchange. Many groaned and caviled, and proponents countered with the logic that it was time to rein in our appetite. The alternative: Look inwards.
It has challenged our economists, especially as we see the value of the naira cascade so steeply that at the last check, the naira exchanged at the parallel market for over N300 to a dollar. Only a year ago, we wept when it exchanged for about NI65 to a dollar. In spite of this, the call for devaluation has hit the rafters. But the Buhari administration says no.

Devaluation has its costs.
Devaluation will make foreign purchases less attractive because they will be expensive. But it will fire up local inflation and create a social crisis of its own. Many will lose jobs, and those who cannot pay house rents might look glumly into the streets. The scenario appalls the conscience. Devaluation does not also guarantee that we shall rake in enough foreign exchange to shore the present deficit. Countries that work its monetary policies with such confidence do so with the backing of a buoyant economy. But here we rely predominantly on oil for foreign reserves and the price of oil hovers around $30 a barrel.
What this means is that the market is not free even for the rich anymore. If it has not been for the poor, it is even worse now. If we have to buoy our foreign reserves, we have to run a productive economy. We have not been doing. We had oil to thank for that.

The CBN reversed its measures under pressures and allowed the old regime of allowing our companies and individuals buy forex and send them abroad. But it still has its problems. We cannot sell when there is no dollar backing, and we cannot buy for the same reason. As Isaiah says in the Bible, “as it is with the seller, so it is with the buyer, as with the lender, so with the borrower.”

The danger is that we shall have to look inwards. For starters, the refineries ought to be revived locally. In the aftermath of the fuel subsidy riots in 2012, the Jonathan government promised what it called ‘greenfield refineries.” A nifty phrase.

But we had neither green fields nor refineries. Now, importation of refined fuel consumes 40 per cent of our foreign exchange earnings. If we want to free our economy, it is not from foreigners or the west; it is from our greed and lack of planning.

The only way to boost the economy is to focus on what is termed comparative advantage. Already reports have it that the locals have stepped up the output of eggs, rice and other poultry products basically because imports of some items have been discontinued because they endanger our health. Before they arrive here, some of the imported rice is stored in Asian warehouse for years and the poultry products are preserved with the same chemicals used to keep corpses from disintegrating.

The CBN has to keep our foreign reserves from falling, and its quandary between allowing the foreign market to reign or rein in our excesses can only grow.

The world economy is not showing any promise. The U.S. economy stopped bleeding, but its recovery has not led to individual prosperity, and it is the same in Europe. China’s inability to match internal consumption with a sunny endogenous profile has led to negative growth with its reverberations around the world, including Nigeria. We need a Nigerian economy, and that comes when we rely more inwards for what we need than outside.

The irony of globalisation, according to political scientists, is that it has made nationalism more potent. A globalised economy works when a nation prospers within the rubric of laissez- faire. We have to make internal productivity work for us by stressing our areas of strength.

The Buhari government’s talks up agriculture but we are still waiting for its blueprint or vision. America and Europe developed theirs. They even over-produce. The U.S. pays farmers not to produce. In our agriculture belt around Benue State, we record phenomenal losses in yams, plantains, tomatoes, onions, etc, because what the farmers produce, they never sell. Yet we import them. Recently, newspapers reported that we import tomato paste worth billions of Naira yearly. Shall we say we have free enterprise? No, we have chaos.

 By our conduct, we are saying, “flee enterprise.”
It is not free enterprise for the local egg farmer when “killer” eggs are imported to overwhelm nutritious local alternative. When between 2005 and 2015, the nation’s import rose from N148 billion to N917 billion, it is not free enterprise for the locals. It is greed. That is why our forex policy is problematic.

PERHAPS THE FALLING OIL PRICES IS A BLESSING IN DISGUISE.




 Once there was a king who received a gift of two magnificent falcons. They were peregrine falcons; the most beautiful birds he had ever seen. He gave the precious birds to his head falconer to be trained.

Months passed, and one day the head falconer informed the king that though one of the falcons was flying majestically, soaring high in the sky, the other bird had not moved from its branch since the day it had arrived.

The king summoned healers and sorcerers from all the land to tend to the falcon, but no one could make the bird fly.

He presented the task to the member of his court, but the next day, the king saw through the palace window that the bird had still not moved from its perch.

Having tried everything else, the king thought to himself, “May be I need someone more familiar with the countryside to understand the nature of this problem.” So he cried out to his court, “Go and get a farmer.”

In the morning, the king was thrilled to see the falcon soaring high above the palace gardens. He said to his court, “Bring me the doer of this miracle.”

The court quickly located the farmer, who came and stood before the king. The king asked him, “How did you make the falcon fly?”

With his head bowed, the farmer said to the king, “It was very easy, your highness. I simply cut the branch where the bird was sitting.”

We are all made to fly — to realize our incredible potential as human beings. But at times we sit on our branches, clinging to the things that are familiar to us.

The possibilities are endless, but for most of us, they remain undiscovered. We conform to the familiar, the comfortable, and the mundane. So for the most part, our lives are mediocre instead of exciting, thrilling and fulfilling. Let us learn to destroy the branch of fear we cling to and free ourselves to the glory of flight!

When God, the Almighty takes something away from you, He compensates it with something better, but only if you are patient and seek His reward. Perhaps the falling oil prices is a blessing in disguise.

SON and Aba tailor





 
The global apparel market was valued at USD 1.7 trillion in 2012 and employs approximately 75 million people. What this means is that there is enough demand for clothing and apparel in the world which Nigeria can tap into for the employment of its millions of job-seekers and as well earn huge foreign exchange to fund further development. 
This is necessary especially now that the price of oil which is our major source of foreign exchange is wobbling in the international market. This is a fact which I expect that the Standards Organization of Nigeria (SON) should bear in mind. The agency seeks to enthrone Made-in- Nigeria-for-the-World (MINFOW) concept in the mindset of Nigerians and this is very gladdening.
Nigeria is embarking on massive diversification of her economy as a response to dwindling oil revenue but for this objective to be achieved; her exports must be accepted in the international market. What this means is that goods expected from this country must comply with international standards. This is where SON should be assisted on its current effort to rid country of substandard products.
One group SON should work with to achieve the goals of MINFOW is the apparel industry in Aba (Aba Tailors), Abia State.  Thousands of Nigerians in Aba are making a meaningful living through clothing. Now, we hear that many tailors of Aba extraction already based in Lagos and other Nigerian cities are now exporting clothing to Ghana, America, Europe, India and China.
To encourage the Aba tailor’s march to global renown and wealth, Abia State, Governor Okezie Ikpeazu, has moved to gather the widely dispersed tailoring shops in Aba into a cluster located at Umukalika, at the outskirts of Aba. The idea is to engender more sharing of ideas and innovation among the local creators of fashionable clothes.
SON’s part in the arrangement is facilitative. SON is to ensure that the apparels from Aba and other parts of the country meet international standards in order to guarantee their access to the international market. SON will do well to help in monitoring compliance through certification aided by metrology, testing laboratories and factory inspection. 
SON and the Bank of Industry can jointly come up with incentives and facilities that will improve the quality of the works of the Aba tailor. Nigerian music is now the delight of the world and the sound of a continent because some musicians upgraded their skills. If international standards for tailoring exist, they should be propagated for the benefit of the local garment producer.
  Certainly, the Aba man of the cloth sewing machine will benefit from any relevant facilities the national standards body may bring.
SON should encourage the world-conquering possibilities of the Aba apparel makers and Governor Okezie Okpeazu’s demonstrated support for the industry. This will consolidate the MINFOW that is happening and strengthen another Nigerian industry to feed the nation even better than petroleum.
  • Dr Mezi Onungwa,
Aba, Abia State.