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Special Report

Impact And Implications of Economic Meltdown On Common Wealth States

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The recent economic crisis experienced across the globe has challenged the ability of most countries to meet their development targets and objectives. This problem is particularly acute for the league of developing nations, which the majority of Commonwealth member states belong. The economies of these countries are especially vulnerable owing mainly to their over-reliance on mono-export products, unstable and dwindling world prices for the primary products/commodities they export; weak national economic structures and institutions: and, inherent trading imbalances with their better-developed mercantile partners.

A general slowing down of the global economy predicted in 2008 coincided with a number of poignant developments. The developments included a dramatic slide in crude oil prices, down from over US$160 per barrel to below US$50 within that year. There was also a major cataclysm in the global financial industry, which witnessed technical failure of a number of the largest, and most high profile, US and UK financial and insurance institutions. Furthermore, there has been a weakening of major export commodity prices of sub-Saharan African origin in the world market.

These developments are all set against a backdrop of expectations of some expansion in sub-Saharan Africa, where economic growth was projected at 6.5 per cent in 2008, but which an equally impressive 5.4 per cent was recorded (IMF, March 2008 and January 2009). This growth was principally driven by increase in oil exports, occasioned by expanded activities and improvements in that sector and the curbing or inflation within the same period. Expanding domestic demand was buoyed by increased government consumption of goods and services fueled, expectedly, by higher national revenues. Other factors that helped in bolstering this expansion included larger revenue pools f3cilitated by debt relief and the gains of savings recorded from reforms in government business in a number of the countries. These positive developments were only surpassed by the experience of China and Asia Pacific.

The growth in economic output in the sub-Saharan African region is projected to decelerate down to 3.5 per cent during 2009. However, this index should pick up and stabilise at 5 per cent in 2010 (IMF, 2009). This indicates an expectation of only 8 temporary shock on the (economic system of the region. In comparative terms sub-Saharan Africa fares better than advanced nations ‘in terns of economic’ output where only 2.7 per cent and 1 per cent growth were recorded in 2007 and 2008 respectively in the latter.  Projected picture of economic output for the advanced economies shows a reversal of growth by growth by 2 per cent in 2009 and a marginal recovery to 1.1 per cent during 2010 (IMF, January 2009).

The implication of this statistics is that the impact of the current global economic melt-down had started taking root and manifesting its upcoming effect on global economy beginning with the advanced economies from around 2007. The rigidities in the economic systems and structures of most sub­-Saharan African countries have arguably shielded such economies, albeit temporarily, from the full and immediate impact of the economic melt down. There may also be a lack of correlation between the economies of sub-Saharan Africa and advanced countries that have helped in displacing the direct impact this economic melt-down should ordinarily have had on countries in the region. The seeming cushion this insulation offers should nevertheless be taken for granted.

A melt-down commonly describes the melting or dissolving of the outer protective case surrounding something. In the context of an economy, a melt-down will involve a gradual destruction or deconstruction of the building blocks or fabric of the system of financial and other structures of society The scale of the current economic melt-down is large and far-reaching, with implication for all constituent economies of the global village. It has the potential of not just slowing down the recent progress made by the economics of sub-Saharan Africa, but reversing the gains that have been accumulated thus far. For sub-Saharan African nations, this would be catastrophic as the momentum of economic growth that has been gathering in the past three or more years needs consolidation and can only best be maintained by an extended period of unbroken or continuous development.

Because of the inter-relatedness of the world economic system, crises in advanced economies will usually have significant effects on the financial sector, stock, commodity and foreign exchange markets of emerging economies. And, in view of the current banking crises in advanced economies, the impact of reduction in capital flow into the sub-Saharan African region, by way of credit and trade finance, can be both deep and protracted (Danninger, Balakrishnan, Elekdag and Tytell, 2009). When the consequences of contracted trade flows, occasioned by weakening demand in advanced economies are added to this picture, a dismal scenario regarding the scope of the problem at hand begins to emerge. Informed sources, including the World Bank, are of the opinion that a sharper recession is still possible, with the prospects of substantial disruptions and turmoil, which may include bank failures and currency crises occurring in a wide range of developing countries.

Besides its effect on the economic well-being of countries of sub-Sahara Africa, the current economic crises threatens the realisation of the Millennium Development Goals (MDGs), which is central to raising the standards and capacity of people of the region. Under the circumstances, there is urgent need to focus efforts on tackling the problem through coordinated strategy and policy responses. However, there must be a clear recognition of the fact that the scope and implications of the economic crises will vary widely across the region according to the nature, structure, responsiveness and linkage of each country’s economy to the global economic grid.

The objectives of this paper are to:

(i) Examine the process or methodology that strategies need to follow in order to enable nations, especially those with vulnerable economies, become sufficiently proactive and responsive in terms of economic positioning in normal and crises times.

(ii) Proffer suggestions on how countries of the sub-Sahara African Region should take appropriate advantage of the current melt-down to advance their own economic interests in international trade.

Strategy is arguably at the centre of all coordinated, integrated and cohesive corporate effort. It seeks to resolve three key issues. For a country the questions will be: Where are we now? Where do we want to be? How do we intend to get there? Just as effective business organisations are the ones that make conscious efforts at envisioning and defining their pattern of activities towards realising long-term goals, so do nations require clear strategies in order to excel. Clarity of the strategy, and therefore its enabling policies, is necessary in all ramifications of national development; be it in financial sector policies, monetary and fiscal policies, social security, health, education, infrastructures or macro-economic stabilisation measures: Whatever the strategy focus, it is important to understand the critical role that early response plays in ensuring optimal results. While costs of proactive strategy intervention may be large in the short-run, it is unarguable that the cost of inaction or reaction can be much higher. Preparedness therefore is the key to eliminating emergency, quick-fix actions in times of turbulence.

Duke is a lawmaker

 

Joe Duke

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Special Report

What I Am Grateful For

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Title: What I Am Grateful For
Authors: Soye Aguda & Raphael Aguda
Number Of Pages: 24
Date Of Publication: 2023
Reading Age: 3 – 12 years
Book Reviewer: Christian Ayasuk Ph.D
Written by Soye Aguda, and Raphael Aguda, is a colourful and illustrative book that is specifically tailored for the kids and teaches us, in very simple and clear language, the reasons why we should be thankful for what we have.
In this book, the authors, Soye and Raphael , demonstrate to the kids that being alive is a blessing; that being able to have food to eat, or clothes to wear, or shelter, or ability to read and comprehend, among others, is enough for everyone to be grateful for.
People who are always thankful go far in life. They often receive more. One African adage says: If you are grateful for today, tomorrow will offer you more things to be thankful about.
And this is ideal for every one of us, including the kids.
It Is also pertinent to note that Gratitude is a lifestyle, and should be gladly and consistently displayed. (1 Thessalonians 5:28).
The scripture says ungrateful people are always vain in their imaginations, and foolish in their hearts (Romans 1:21). So, this book guides the hearts of our young ones to reaping the fruits of GRATEFULNESS.
This “little”, yet powerful book teaches us that Gratitude or thankfulness is an attitude that should be developed, learned, and assimilated.
After reading this book, we’ll begin the see why being grateful is a virtue:
Gratitude brings abundance and attracts God’s blessings. It can eradicate stagnation and destruction in life (1 Samuel 25:2-13). Gratitude can bring about fruitful relationships with fellow human beings, and with God Almighty.
It is important to note that gratitude starts with the very little we have been given, so, this book teaches us to appreciate those “little” things. Importantly, being ungrateful can make us loose what we already have.
In summary, WHAT I AM GRATEFUL FOR, by Soye Aguda, and Raphael Aguda, inspires godly virtues in the lives of our kids, and therefore highly recommended to both the young and old.
Remember, when we are grateful we become more productive (Psalms 67:5-6).

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Special Report

Eze Ogba @80: A Salute To Greatness

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Critics and admirers fondly refer to him variously and severally as amiable, charismatic, blunt, visionary, an inspirational and committed King, a philosopher King, a philanthropist, an orator and motivator, a man of truth, perception and action, a defender of the oppressed, a versatile and courageous monarch. Indeed, there is no denying the fact that he has lived up to the billings.
This perhaps explains why many have sometimes misunderstood His Eminence, Sir (Dr) Chukumela Nnam Obi II, the Oba (Eze Ogba) of Ogbaland, who turns 80 today. And if we are to believe the words of Ralph Waldo Emerson that “to be great is to be misunderstood,” the Oba truly deserves a golden place in the pantheon of greats.
A consummate monarch imbued with congenital aura that shines like neon light, the Eze Ogba superintends the grassroots consciousness of his kingdom with mercurial audacity and clinical precision, and bestrides Nigeria’s traditional landscape like a magnificent colossus.
A man of capacious intellect with deft navigational capability, Sir Nnam Obi II possesses a conservative charm which accommodates all divergent opinions, even as it is difficult for his critics to dislodge his position on matters of public or political interest.
Nevertheless, the attestation to the greatness of this first class citizen and traditional ruler is underlined impressively by his array of honours and appointments since ascending the ancient Oba (Eze Ogba) throne on December 19, 1970, upon the death in April that year of Oba Wokoma Obi.
He has been an Officer of the Order Of the Niger (OON), Distinguished Service Star of Rivers State (DSSRS), Justice of Peace (JP), Grand Patron, Nigeria Union of Journalists; Knight Grand Commander of the Mystical Order of St Peter; Doctor of Letters (D. Litt), Los Angeles, California; Doctor of Technology, and First Pro-Chancellor and Chairman, Governing Council, Federal University of Technology, Owerri, (1980-84); Doctor of Science (D.Sc) and Chancellor, Federal University of Technology, Akure, 1992-2000; Fellow, Federal College of Education (Technical), Omoku; Chairman, Rivers State Conference of Traditional Rulers and Chiefs, 1972-79; member, International Committee on Chieftaincy and Royalty for FESTAC (Nigeria’s representative), 1974-77; Chairman, Rivers State Council of Traditional Rulers, 1994-96; pioneer National President, Traditional Rulers of Oil Mineral Producing Communities of Nigeria (TROMPCON), 1994-2000; member, National Council on Nigerian Vision (NCNV), 1996-99; member and Elder Statesman, National Political Reform Conference (NPRC), 2004; Chairman, Rivers State Council of Traditional Rulers, 2007-2009 and a lot more.
Since his ascendance to the sacred throne of Eze Ogba over 49 years ago, the light of Sir Nnam Obi II’s wisdom has continued to shine to the admiration of his people and others across the globe. The Ogba people have continued to preserve their loyalty to the sacred monarch as various group pay him solidarity visits in support of his visionary and dynamic leadership and efforts at bringing peace to the kingdom. No doubt, the Eze Ogba belongs to that class of mortals whom the legendary classical playwright, Williams Shakespeare said achieved greatness.
Yet, appraising Oba Nnam Obi II’s resume, evokes an intriguing paradox as his road to greatness was not without bumps and potholes.
Born by remarkable intervention of destiny on November 20, 1940 into the royal family of Umueze-Ogba kindred of Ogba at the foot of the great Opowu shrine of Ahiakwo Nwaozegbe, a sacred temple of worship by the Ogba people, Oba Nnam Obi II had a rather poor and humble background as things were extremely difficult for him.
Infact, the claws of poverty and the drudgery of hard labour were so much that it got to a point where the young Chukumela prayed for death to no avail.
Disappointed that his prayer was not answered, the young ruler-to-be went to his father’s grave and asked: “why did you bring me to the world and ran away.” But these travails, rather than discourage him, toughened and made him have patience, despite being orphaned on both sides and colonized by the insensitive nature of man as exemplified in his brothers who made him a total stranger.
Resilient and determined, and perhaps edged in by his destiny, the young Chukumela, relying on sheer force of will-power and self-support, paved his way through primary and secondary education.
On countless times, he dug sand at Omoku River, fished at the River Niger to make ends meet. Even at a point in his life, he was a newspaper vendor in Kano.
Undeterred by his condition, he excelled in academics at Sancta Maria High School, Omoku where he was a pioneer student. His excellent leadership qualities were identified quite erly as he was at various times labour prefect and senior prefect.
It was for this reason that his school principal then, Rev Fr. G.B. Kilbride wrote in his testimonial that: “Chukumela Obi is a very remarkable boy who is being groomed by the fate of great suffering into a great office.”
However, owing to what the Eze Ogba himself described as barriers of life, he finished secondary education at the age of 26 in 1966. He explains: “Some people were born without certain hurdles. But whether hurdles come early or later in life, I have learnt my lessons. They are all one and the same. The God who occasioned both hurdles did not intend to punish anybody. He intended them for experience. We must learn these experiences. We have come here (this world) to learn.”
Even at that, he does not wish anyone, whether his children or even his detractors, that kind of experience as, according to him, they may not have the patience and ability to cope with it.
Oba cautions that in life nobody should be boastful or be deterred by the situation he finds himself as God is the excellent judge who knows it all, and can deprive man of his needs and wants at a particular time just to observe him.
According to the monarch, provided one does not do things that are wrong in the sight of God, time would come when He would exalt the poor. To him, everyone should strive assiduously to explore situations and even opportunities opened to him in life as an individual with a view to destroying impediments to self-actualization.
It is irrefragable that Oba’s humble beginning epitomizes the parable of perseverance and triumph over the vicissitudes of life. As the Curator of the Ancient Mystical Order of the Rose and Cross (AMORC), Spencer Lewis, once put it: “there is no destiny, no fate, no change, that can circonvent nor hinder, nor control the firm resolve of a determined soul”.
Today, he is unarguably one of the few bright stars in the throbbing firmament of Nigeria’s traditional institution.
Pondering the meaning of life and his place in the cosmos as a mystic and traditionalist, the Eze Ogba has been living in the service of his people, confronting the resultant challenges therein and bringing integrity, straight forwardness, and serene peace into the governance of Ogba Kingdom.
It is perhaps as a measure of the magnitude and influence of Oba’s existential excellence, charming personality, and unique traditional inheritance that successive administrations in Nigeria have always sought his wise counsel, especially at every critical moment of the nation’s life.
Married to four wives with several children, most of whom are holding their own in their various callings, Oba proudly says loud and clear that he is happier than many who are married to one wife. He maintains that such persons have more problems than himself, adding that anybody who visits his palace would not know that he is married to four wives.
Albeit, he abhors autocracy, he is a very strict disciplinarian who takes full charge of his palace at all times with his word as law.
At his usual morning devotions, Oba, a Knight of the Mystical Order of Saint Peter, inculcates in his wives and children, the sense of oneness and truth, and makes everyone realize that his possession is theirs.
As a mystic and philosopher versed in the different characteristics of people, he blends his wives different qualities to have matrimonial bliss, harmony, and cohesive family.
However, Oba Nnam Obi II who says he ought to have married before his years at Sancta Maria High School in 1962 in compliance with his step mother’s advice to do so as the only surviving son of his mother, states that he owes his success to the immeasurable support of his wives and children, and to the understanding cooperation, and unflinching loyalty of his people.
No doubt, Odudu, Anyiama Osa, Ekwueme, as he is fondly called by his ever loving people has, by all parameters, lived a fulfilled life, having exhibited and manifested a wonderful and divinely-inspired progressive pilgrimage of sterling leadership.
These days, owing to age and health, Oba prefers pounded yam, chicken, fishes and non-carbohydrate foods. And to unwind, he watches television, listens to radio and reads newspapers even though he has no dull moments at all, given the number of children he has, and the swarm of visitors to his palace.
And as with all his birthday celebrations, even if low-keyed, his daughters, the Oba hints, do “compose songs and sing like sparrows to my delight,” saying, he does not regret having them, just as the boys.
As we toast to the long life and good health of this great African traditional ruler at 80 today, may those his beautiful daughters never get tired of singing like sparrows to his delight and to the satisfaction of everyone, and to the glory of God.

 

By: Victor Tew / Vincent Ochonma

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Special Report

60 Years Of Nigeria’s Health Sector: Challenges And Way Forward

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Like every other sector of the Nigerian state, the country’s health sector has evolved from one stage to another, up to the present state.
From the pre-colonial era, when treatment for ailments was based purely on traditional medicine as it relates to different parts of the country, through the emergence of the first modern medical services in Nigeria, then during the various European expeditions in the early, to mid19th century, to the era of organised healthcare services, and finally to the present era of deliberate and planned brain drain in the sector, the development in Nigeria’s heath sector has been one that requires more attention than is given it.
There is no doubt that the profession of medicine has been quite active in terms of changing for the better in accordance with global demands. For instance, the Health care systems have undergone changes, and, except for a few exceptions, the changes are for the better:
The way in which physicians are trained has changed. The management of disease entities has also changed at various points. The change has also cut across disease entities that have been treated and available therapeutic modalities, which have also undergone continual changes.
On attaining independence in 1960, the health sector, like other sectors, inherited the centralised health care services format of the colonial era, which vested the authority to take key decisions in the sector in the hand of the central government.
Then, while medical services developed and expanded with industrialisation, most medical doctors were civil servants, except those working for missionary hospitals, who combined evangelical work with healing.
Among the civil service doctors, one was appointed the Chief Medical Officer, who became the principal executor of health care policies in Nigeria, along with several other junior colleagues comprising senior medical officers and medical officers, who formed the nucleus of the ministry of health in Lagos. The detail of centralised administration of health services then was complex and reflected the complex political transformation of the whole region.
The health care services in Nigeria have been characterised by short-term planning, as is the case with the planning of most aspects of the Nigerian life. The major national development plans are “The First Colonial Development plan from 1945-1955″, “The Second Colonial Development plan from 1956-1962”, and “The First National Development Plan from 1962-1968”.
Others are: “The Second National Development Plan from 1970-1975”, “The Third National Development Plan from 1975-1980″, “The Fourth National Development Plan from “Nigeria’s Five year Strategic Plan from 2004-2008″.
All of these plans formulated goals for nationwide health care services.
The overall national policy for Nationwide Health Care Services was clearly stated in a 1954 Eastern Nigeria government report on “Policy for Medical and Health Services.” This report stated that the aim was to provide national health services for all.
The report emphasised that since urban services were well developed, going by the country’s standards then, the government intended to expand rural services. These rural services would be in the form of rural hospitals of 20-24 beds, supervised by a medical officer, who would also supervise dispensaries, maternal and child welfare clinics and preventive work, such as sanitation workers.
The policy made local governments contribute to the cost of developing and maintaining such rural services, with grants-in-aid from the regional government. This report was extensive and detailed in its description of the services envisaged. This was the policy before and during independence. After independence in 1960, the same basic health care policy was pursued, and still is the case.
By the time the Third National Development Plan was produced in 1975, more than 20 years after the report mentioned above, not much had been done to achieve the goals of the Nationwide Health Care Services policy.
This plan, which was described by General Yakubu Gowon, the then Head of the Military Government, as “A Monument to Progress”, stated: “Development trends in the health sector have not been marked by any spectacular achievement during the past decade”.
As far as development of the health sector was concerned, this development plan appeared to have focused attention on trying to improve the numerical strength of existing facilities rather than evolving a clear health care policy. This, in a nutshell seems to have been the lot of Nigeria’s development in the health sector, and, in fact, all other vital sectors of the economy.
Health care in Nigeria has been prone to so many problems which are attributable to the fact that health services are in great demand following what could be tagged astronomical increase in population but accessibility to health services been very low. The cause of this has been related to factors such as socio-economic, cultural, political as well as poor planning and/or poor implementation of health policies and programmes by the government. There are also problems of availability, accessibility, affordability, sustainability of health services and weak referral system.
In 2000, World Bank noted that “deprivations that lead to ill health are common in developing countries, especially in Nigeria, and the poor in Nigeria are particularly at risk”.
According to Adam Wagstaff, a Research Manager of the Human Development team in the Development Research Group of the World Bank, ”the relationship between poverty and access to health care can be seen as part of a larger circle where poverty leads to ill health and ill health maintains poverty”.
The implication is that to effectively address health care, other relevant sectors that directly or indirectly contribute to poverty, which is a key factor in enhancing provision of health care and accessibility of same has to be addressed.
Unfortunately, policies in these sectors, especially for the negative impacts, are often not based on health criteria because the health sector itself tends to focus its interventions within the health care delivery system, not necessarily in other relevant sectors that constitute the sources of the problem.
For instance, to ensure totally effective health care delivery system, regular power supply is required to power all necessary equipment at all times. In the same vein, to totally prevent mosquito-borne diseases, environmental planning should ensure adequate provision of drainages avoid water stagnation, however little. As a result, the enormous health benefits accruable from interventions outside the health sector are not realized.
The education sector is another key long-established determinant for quality health and health care in any development-oriented society, but which has pitiably been bastardized, knowing that better education allows individuals to be more effective in converting health care and other health-enhancing goods into health.
The challenges facing the health sector in Nigeria, in sixty years of the country’s existence are, to say the least, numerous. But it can be summarised to include inaccessibility of quality health care, poor hygiene, corruption, malnutrition, lack of access to safe drinking water, poor health infrastructure, fake drugs, insufficient financial investment, and lack of sufficient health personnel.
Government’s performance in the health sector has been at best abysmal. Investment in infrastructure has been poor and meagre remuneration for health workers has created a massive brain drain to the US and Europe.
The annual budget of the government for the health sector is 4.17% of the total national budget, which is equivalent to only $5 per person annually.
In more recent Nigeria, the expected lofty goals in the health sector have not been achieved. The capacities of the facilities that emerged from previous efforts have been stretched and infrastructure broken beyond repair. Primary health care services now exist only in name. The common man has virtually reverted to the herbalist and traditional healers for care because of access to quality health care and affordability issues.
The elites have perfected medical tourism to India, Singapore, South Africa and even Ghana. This is in the face of a rapidly changing disease patterns in which infectious diseases have been replaced by behavioural, environmental and poverty-related diseases.
Hardly a year passes without a major national strike by nurses, doctors, or health consultants. The major reasons for these strikes are poor salaries and lack of government investment in the health sector, and this is in the face of many Nigerians not being able to afford private hospitals which are simply too expensive.
Unfortunately, again, the management of the National Health Scheme (NHS) through the Health Maintenance Organisations (HMOs) which should ordinarily help people to secure better quality health care, had been bedeviled by corruption, crushing the opportunity and further making quality medical care inaccessible for people who contributed to the system.
The situation becomes worse when one considers the fact that the problem has nothing to do with lack of medical personnel. Certainly not! This is because about 77 per cent of black doctors in the United States of America are said to be Nigerians, and Nigerians have achieved tremendous feats in American medicine.
A good example is Doctor Oluyinka Olutoye, a Nigerian based in Houston, who made history recently by bringing out a fetus from a mother’s womb to remove a tumor, and then successfully restoring the unborn baby to the womb. In fact, there is rarely any top medical institution in the United States or Europe where you won’t find Nigerians managing at the top level.
The health sector, no doubt, has failed largely due to inept leadership. Despite the huge talents of Nigerians, which are on display in health sectors all over the world, Nigeria’s health system is failing. Donor countries and multilateral organisations are aware of these challenges, but there’s little they can do to improve the situation.
The key solution, therefore, is for Nigeria’s policymakers and health professionals, including Nigerians in Diaspora, to come together and create a long-term blueprint for the sector. The term should not only be ideally realisable in the context of the country’s peculiar socio-cultural and economic reality, but should also include a strategy for success in the next 25-35 years with timelines and key performance indicators.
If this can be judiciously done, Nigeria can truly and easily be moving towards its dream of attaining that “Giant of Africa” status it has so much desired but truly failed to achieve in it in reality.

 

By:  Sogbeba Dokubo

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