It has become of primary importance to solve the economic crisis in Nigeria. Several ideologies have been spotted by different people in different fields, yet the economy is worsening.
\nComparing the country today and decades back, it is obvious that the economy is on the deteriorating side. How then can this problem be solved?
\nFifty-seven years after, we are still stuck in the mud. Observe the environs, you will see we can hardly boast of roads that are devoid of potholes. Public schools deteriorate, our hospitals remain in stagnant condition. Our international airports are an epitome of underdevelopment, civil service is at the point of decay. Nothing can easily be done in any public or private firm without corruption. Ethnic and religious crises are on the increase.
\nNigeria, which is a product of the amalgamation of the northern and southern regions, initially was designed as a country that would experience a great trend of development as it combines the resources of both regions. But the reverse has become the case.
\nIn 1960, Nigeria got her independence. This literally means Nigerians have been in charge of the government from 1960 till date. From 1960-1985, there are four development plans in Nigeria which were referred to as the First, Second, Third and Fourth National Development Plans. Each of them had a well articulated objectives. The full achievements were, however, interrupted by two major political events: the military intervention in 1966 and the civil war of 1967-70.
\nThese major interruptions notwithstanding, both the federal and regional governments recorded a number of landmark achievements during the development plan period.
\nThe federal government alone successfully executed projects like the oil refinery in Port Harcourt, the paper mill, the sugar mill and the Niger Dam (in Jebba and Bacita respectively), the Niger bridge and ports extension, while it also constructed a number of trunk \u2018A\u2019 roads.
\nIt is interesting to note that it was also during this period that the first generation universities were established. Ibadan and Lagos by the federal government, University of Nigeria, Nsukka, (UNN), by the Eastern government and the University of Ife (now Obafemi Awolowo University) by the Western government. Despite the political crisis, these great achievements were made because of the existence of a working budget operated within the development plan framework.
\nGeneral Yakubu Gowon launched the Second National Development Plan in 1970 on behalf of the federal and the government of the then twelve (12) states. Because it was a post war development plan, it focuses on rebuilding the destroyed economy and promotion of economic and social development in the new Nigeria.
\nThe Third Development Plan was also launched by Gen. Gowon. The implementation of the plan which covered a five-year period from April 1975 – March 1980, failed to be implemented due to the change of government barely three months after the launch of the plan.
\nThe Fourth National Development Plan was launched by President Shehu Shagari in 1981 on behalf of the federal and 19 states governments. This plan was again affected by the change of government in 1983 and another change in 1985.
\nThe journey towards neglecting development plans in Nigeria started from October 1988, Babangida, in response to the problems encountered during the Fourth Development Plan, the five-year development plan, was left for a rolling plan.
\nThis plan was to be operated along with a 12 to 20 year perspective plan and the normal operational annual budgets. In the same way that the traditional five-year development plan was jettisoned by the Babangida administration, the idea of rolling plan was also shelved in 1996 by General Sani Abacha for Vision 2010, which was launched on Sepember 18, 1996.
\nFrom our discussion so far, it can be seen that the military intervention in 1966 and its subsequent prolonged rule in Nigeria became the genesis of truncating the process of adhering to national development planning as a strategy for economic and social development.
\nMeanwhile corruption is one inherent feature that has hastened the deteriorating development status of this country. The federal, states and even local government is a team which has been on a quest to tackling the lingering corruption in Nigeria.
\nWithin the last 3-4 decades, so much money had been made from oil, such that if properly managed, it would have made Nigeria a better place today. The money that is meant for infrastructure which will in turn foster development, had ended up in the pockets of private men and women who had been given the mandate to pursue the said national development. You will never hear that the refineries work completely rather, when it is at its peak then it must have worked upto 70% (percent). Meanwhile the looters go on embezzling 100% percent.
\nThe establishment of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), the Economic and Financial Crimes Commission (EFCC) as well as the Code of Conduct Bureau and its tribunal is a laudable start in the war against corruption. Unfortunately, though some successes have been registered by these bodies, the general impression is that the bodies have gone after the tail of the monster of corruption rather than its head.
\nIf corruption is to be given a short shift in Nigeria, then the social, business and bureaucratic environments must be corruption hostile rather than friendly. This means that there must be well founded comprehensive public education and enlightenment programmes on the nature of corruption as well as the negative effects of corruption in the Nigerian polity.
\nNigeria has indeed been endowed with all the human and natural resources it takes and requires to become a great African and world power. But she cannot achieve that potential by relying on mediocrity and people of questionable integrity to run her affairs.
\nI agree with the millions of Nigerians that think leadership is the major issue confronting the nation\u2019s development and the failure to implement development plans and corruption generally. Nigeria today is an outcome of the wrong leaders that had emerged.
\nI therefore advise we should elect God-fearing leaders that have the country and its populace at heart. Leaders that are competent and patriotic. That is the solution to our present economic challenges.
\nTamunosaki wrote from Port Harcourt.<\/p>\n

 <\/p>\n

Bobmanuel Tamunosaki<\/p>\n","protected":false},"excerpt":{"rendered":"

It has become of primary importance to solve the economic crisis in Nigeria. Several ideologies have been spotted by different people in different fields, yet the economy is worsening. Comparing the country today and decades back, it is obvious that the economy is on the deteriorating side. How then can this problem be solved? Fifty-seven […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[22],"tags":[],"yoast_head":"\n