NIGERIA, LET’S TAKE A STEP BACK BRING BACK GOOD LUCK

With the recent events in Nigeria, Africa’s Giant, and the current ruling party, The All Progressives Congress (APC), Nigerians and foreigners who have spent a significant amount of time in the nation are not happy.

Apart from the country’s economic crisis, which has affected every sector, the West African nation is also beset by insecurity, unemployment, and public-funds looting, among other problems. Prior to the APC’s takeover in 2015, this was not the case.

Because they were “tired,” many people condemned the ruling People’s Democratic Party (PDP) and its candidate, Goodluck Ebele Johnathan, and wanted a change in leadership. The APC grasped the chance and promised to put some of the reforms into effect if elected.

So here we are, and the change that was demanded has yet to be realized or even discussed.

WHO IS GOODLUCK EBELE JONATHAN?

Nigerian politician Goodluck Ebele Azikiwe Jonathan GCFR, GCON (born November 20, 1957) served as the country’s president from 2010 until 2015.

After losing to former military head of state General Muhammadu Buhari in 2015, he became the first incumbent president in Nigerian history to acknowledge defeat in an election.

He previously served as Vice President of Nigeria under Umaru Musa Yar’Adua from 2007 to 2010, as well as Governor of oil-rich Bayelsa State from 2005 to 2007.

WHAT DID GOODLUCK JONATHAN ACHIEVE?

Mr. Jonathan, who served as president from 2010 to 2015, had a number of achievements in the administration, which are listed below:

1. Under former President Jonathan, Nigeria became Africa’s top destination for foreign direct investment, with totals jumping from $24.9 million in 2007 to over $35 billion in 2014.

2. The Jonathan Administration built nearly 25,000 kilometers of motorable federal highways, up from only a fourth of that in 2011.

3. Jonathan’s Agricultural Transformation Agenda put an end to fertilizer smuggling, encouraged younger Nigerians to take up farming, increased local food production, and brought the country closer to food self-sufficiency by reducing food imports by more than half. As a result of this, the United Nations’ Food and Agricultural Organization named Nigeria the world’s largest producer of cassava for the first time.

4. Nigeria’s GDP increased to $503 billion in 2013, making it Africa’s largest economy and the world’s 26th largest economy.

5. Food and other household products prices remained constant, while inflation was in the single digits.

6. After a 30-year hiatus, the Jonathan Administration resurrected the country’s railways.

7. Under Jonathan’s leadership, Nigeria’s life expectancy increased from 47 years in 2010 to 54 years in 2015.

8. Jonathan increased power generation to almost 5,000 megawatts in 2014, up from 2,000 megawatts in 2011.

9. Under Jonathan’s leadership, Nigeria successfully contained the Ebola outbreak, became Guinea-worm-free, and eradicated polio, with United States billionaire and philanthropist Bill Gates hailing Nigeria’s polio-eradication efforts as one of the year’s great world achievements.

10. CNN Money predicted that Nigeria’s GDP would grow at 7% in 2015, behind China at 7.3 percent and Qatar at 7.1 percent, just before Jonathan left office.

As can be seen now, all Nigerians were aware of and appreciative of these achievements. Nigerians, however, plotted their own downfall in order to receive more and better from the government, and they fell into the wrong hands, for which they are now paying a terrible price.

NIGERIA’S CURRENT DISPENSATION

Nigeria is Africa’s most populous country, greatest economy, and most renowned democracy, making it a bellwether for the continent. The country’s democratic expansion is threatened by a faltering economy, growing insecurity, and violent conflicts.

What are the three most important concerns that Nigeria is dealing with? What is the country’s most significant issue? What are the most essential factors explaining why Nigeria continues to be known for its ‘potential’ rather than its achievements? Simply put, what is the single greatest hindrance to Nigeria achieving its full potential? We’ll discuss that further down.

As reported by Premium Times, the following are the country’s most pressing concerns:

Violence in the Northwest

Across multiple states in Nigeria’s northwest area, armed groups known as bandits carried out massive massacres, kidnappings, and looting. These organizations arose as a result of years of strife between nomadic herders and farming populations.

Separatist Agitations in the South

Separatist movement by the Indigenous People of Biafra (IPOB) in the southeast and the Yoruba Nation in the southwest exposed the country’s deepening divides and tensions, which the authorities occasionally responded to with disproportionate force.

Nnamdi Kanu, the head of the IPOB, was captured abroad and extradited to Nigeria to face charges of treason and terrorism.

Armed Islamists’ Abuses in the Northeast

In 2021, suspected ISWAP fighters assaulted a UN base and humanitarian center in Borno State’s Dikwa Local Government Area, setting fire to aid workers’ offices, destroying government structures and clinics, and kidnapping at least seven humanitarian workers.

Serious Crimes Accountability

After finding “reasonable basis to believe” that Boko Haram and its breakaway factions, as well as Nigerian security forces, had committed war crimes and crimes against humanity, the ICC’s chief prosecutor announced in December 2020 that the Boko Haram-related conflict in the northeast warranted a full ICC investigation.

Freedom of Expression, Media, and Association

The Nigerian Communications Commission (NCC), the telecommunications regulator, recommended that access to Twitter be suspended after the Twitter ban was announced in June, 2021. Nigerians retaliated by circumventing the restriction by utilizing virtual private networks (VPNs).

Nepotism and Favoritism

This is due to the government’s and its agencies’ apparent preference for one tribe’s people or territories over another. There is an underlying perception that the country’s ethnic majority controls its affairs, making minorities feel like second-class citizens in their own country, not through any fault of their own, but simply because they are few.

Resource Management

When it comes to the control of the country’s natural resources, tensions are common. Across the country, organizations have formed to vie for ownership of natural resources on their territory.

Terrorism

Terrorism is a big source of concern in Nigeria on a daily basis. Boko Haram’s daily massacres, kidnappings, bombings, and rape across the country are extremely disturbing.

Unemployment

Unemployment is spreading like a virus in Nigeria. There has been a significant rate of unemployment as a result of the economic recession; no jobs are accessible for the youngsters; 24 percent of Nigerians are unemployed; now, let’s turn our attention to the youths. Between 2016 and 2021, unemployment grew from 1.33 percent to 9.01 percent, according to Macrotrend.

Inflation

Prior to 2015, the country’s inflation rates remained in the single digits, despite the fact that observers thought they were excessive at the time. For example, for the entire year of 2014, the country’s inflation rate fluctuated between 7.7%, which was the lowest, and 8.5 percent, which was the highest.

When Mr Buhari took control in 2015, the inflation rate was at 9%, today it is at 16.17%.

Food Prices

The rising prices of food and related commodities and services have been a prominent component of inflation in Nigeria in recent years.

It waa reported in February 2021, that Nigeria’s food inflation has risen to its highest level since 2008, a somber depiction of the country’s food crisis, with millions of poor citizens trying to buy food at outrageous prices on a daily basis.

GDP and Recession

The Nigerian economy has experienced two recessions from May 2015 and currently.

The economy initially entered recession in 2016, when it shrank by 2.06 percent between April and June. When the country’s crucial oil industry was affected by lower worldwide prices, the country experienced two consecutive quarters of negative growth, the traditional definition of recession.

Analysts blamed the economic crisis on Mr Buhari’s refusal to establish an economic agenda and form a government, among other things.

Handling of COVID-19 Pandemic

According to Premium Times Nigeria, President Buhari was chastised for his allegedly sluggish response to the COVID-19 outbreak, postponing any direct engagement with Nigerians on the crucial public health issue.

This was in stark contrast to the previous administration’s handling of the Ebola crisis. According to USA Today, the Jonathan-led administration did not only deal with Ebola cases internally; they also welcomed outside expertise, despite the challenges, from organizations like the WHO, UNICEF, and Doctors Without Borders, which were crucial in declaring the country Ebola-free within 12 weeks of the initial outbreak.

Naira

The naira was trading at N197 against the dollar in November 2015, six months after President Buhari took office.

Between then and now, the Nigerian currency has been constantly devalued, with two such operations taking place in 2020 alone.

Policy on Foreign Exchange

The country’s foreign exchange policy has been fraught with uncertainty, particularly in recent months, owing to the Central Bank of Nigeria’s (CBN) and Ministry of Finance’s inconsistency in policy appraisal.

Debt

Since Mr Buhari gained power, the country’s debt profile has risen significantly, as budgetary projections have been mostly based on borrowing.

Nigeria’s debt profile stood at N12.12 trillion in June 2015, shortly after Mr Buhari assumed office, according to the Debt Management Office (DMO).

Nigeria’s entire national debt as of December 31, 2020 was N32.915 trillion, according to the Debt Management Office (DMO) in March 2021. The debt stock of the federal and state governments, as well as the Federal Capital Territory, are included in the figures.

End Sars Protest

In October 2021, tens of thousands of Nigerians came to the streets to demand the disbandment of the Special Anti-Robbery Squad (Sars) police force.

The army opened fire on the demonstrators, according to the report, which was leaked on Monday that month.

Nigeria’s army denied firing live ammunition against demonstrators.

For two weeks, the #EndSars protests shook the country. The cops were accused of robbing, assaulting, and even killing people.

Soldiers shot at protestors on the 20th of October, 2021 at the Lekki toll gate in Lagos, according to the inquiry panel’s report.

Banning of Cryptocurrency

On February 5, 2021, the Nigerian naira was trading at 381 naira to the dollar when the Central Bank of Nigeria issued an order prohibiting banks from facilitating cryptocurrency transactions. A year later, the official rate is N416 and on the streets of Lagos, it averages N560.

The Nigerian financial market regulator, the Central Bank of Nigeria (CBN), has stated that it does not recognize cryptocurrencies and so does not have a regulatory framework or licensing regime in place for cryptocurrency operations.

WHO IS COMING NEXT?

Since joining the comity of democratic nations in 1999, Nigeria’s presidential election has been a sensitive topic. It has grown into the most powerful and influential office in the federation, endowing any ethnic or geopolitical region that produces the president with the strongest sense of belonging to the federation.

As a result, every region of the country vies for a piece of the “national cake” by providing the top candidate in each general election.

However, the question of whether the next president would be better or worse than Buhari remains unanswered. Will Nigeria’s economy regain the stability it enjoyed prior to 2015? Will things get better or worse?

All of this will be determined by Nigeria’s next Presidential Elections in 2023, which will pick the right leadership.

CONCLUSION

Nigeria does not require a president who is subservient to vested interests and strong godfathers, but rather a patriot who has demonstrated, through both voice and action, that personal ambition does not require rivers of blood to attain its goals.

Jonathan presently leads all other Nigerian candidates in the race, and it is past time for the elite to lay down their swords in 2023 and prioritize the people’s interests, in the interest of Nigeria’s continued corporate existence as a single entity.

But the question will always be whether Nigerians will vote for a more qualified and experienced candidate.