Wednesday, November 2, 2011

States are broke, says CBN governor

 
The Nation, Lagos. 30/10/2011
 
GOVERNOR of Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi has said most of the states and local governments in the country are unviable.
He questioned the rationale behind the creation of more states, local government and ministries which are not economically viable. Sanusi's declaration lends credence to the assertion by the Senate that most states of the federation are financially unhealthy.
Speaking at a book presentation in Kaduna during the celebration of the 80th birthday of Prof. Adamu Baike yesterday, the CBN governor said that the time has come when the nation needs to take the difficult step of overhauling political structures which have ensured that states spend about 96 percent of their resources paying salaries and allowances.
Sanusi also faulted the wisdom behind establishing nine new federal universities when existing ones have not been adequately funded by the government. According to him, the paucity of funding has led to a mass exodus of students and teachers to better organised educational settings such as Ghana, South Africa and other parts of the world.
In his paper entitled “Re-invigorating education in Nigeria: 
 
An essay in honour of Professor Adamu Baike”, he said “ultimately, we will have to be confronted with the task of taking the difficult step of overhauling the political structures that we have.”
He asked pointedly, “Do we need 36 states? Do we need the number of ministries that we have? Is an economy where states spend 96 percent of their revenue paying civil servants an economy that is likely to grow in the long run? These are difficult questions that we need to ask. 
“We have created states and local governments and ministries as structures that are economically unviable and the result is that we do not have funding for infrastructure, we do not have funding for education; we do not have funding for health”.
This damning verdict by Sanusi will likely dampen the spirit of many who have been agitating for creation of more states in the country.
Apparently explaining the government’s expenditure portfolio, the CBN governor said, “I don’t know how many people know that 70 percent of the revenue of the federal government is spent paying salaries and overhead; leaving the rest 30 percent for 150 million Nigerians”.
What this means, according to him, is that there is no money for the provision of infrastructural facilities by the various tiers of government, pointing out that in an emerging economy like Nigeria, a well designed educational policy should be an integral part of its development strategy.
He argued that the present development strategies should include measures to invest in human capital that facilitates the upgrading of industries and engender the economy to attain optimal resource utilization.
While acknowledging the growth in the number of federal, state and private universities in the country in recent times, Sanusi said that “the recent decision of the federal government to establish nine additional universities will further increase the number of federal universities. 
“It is not the place of the Central Bank Governor to comment on education policy. But one wonders the wisdom behind creating new universities when the ones we have built are still suffering from underfunding”.
While lamenting the huge number of Nigerian students studying outside the country in what he described as “better organized educational settings” and the huge amount of money they pay as tuition, the CBN governor noted that the tuition paid by these students is more than the annual budget for all federal universities in the country.
In his words, “although there are no comprehensive data on the number of Nigerian students abroad, recent data have shown that there are about 71,000 Nigerian students in Ghana paying about N155 billion annually as tuition fees as against the annual budget of N121 billion for all federal universities.
“In other words, the tuition paid by Nigerian students studying in Ghana with a better organised system is more than the annual budget of all federal universities in the country,” adding that “Nigeria is today placed third on the list of countries with the highest number of students studying overseas”.
He noted that though the structural shift from 7-5-4 to the 6-3-3-4 system of education in 1983 was expected to address many of the perceived deficiencies and respond to the educational yearnings of the citizens for technological and self reliant skills, the system was endangered by funding challenges owing largely to the swings in economic fortunes of the country.
He contended that a sustainable financing framework should be established to support primary education which is the foundation to all other educational achievements, pointing out that inadequate funding and lack of funds could stifle the attainment of the Universal Basic Education goals.
Those who attended the book presentation include Gen. Yakubu Gowon, Lt. Gen. T.Y. Danjuma, Bishop Matthew Hassan Kukah,  Kano State Deputy Governor, Abdullahi Ganduje, Gen. Martins Agwai, Prof. Ango Abdullahi, Prof. Emeritus, Umaru Shehu, Prof. Shehu Abdullahi, traditional rulers and friends of the Baike family.
 

TOAST TO THE COMMONWEALTH


By

DR GOODLUCK EBELE JONATHAN, GCON, GCFR
President, Commander-in-Chief of the Armed Forces
of the Federal Republic of Nigeria

AT THE QUEEN’S BANQUET, 62ND COMMONWEALTH HEADS OF GOVERNMENT MEETING (CHOGM) PERTH, AUSTRALIA

FRIDAY, 28 OCTOBER 2011
 
PROTOCOL

Your Majesty, The Queen
Head of the Commonwealth of Nations

Honourable Julia Gillard, our respected host

Excellencies, Presidents and Heads of Government

Secretary-General of the Commonwealth

It is my special honour and privilege to be asked to propose a toast to the Commonwealth in the presence of Her Majesty, The Queen.

Let me begin by noting the special significance of this moment in the history of the Commonwealth, especially as Her Majesty will soon be marking her Diamond Jubilee and we might not have the opportunity to meet again as Commonwealth Family before the historic event. 

Accordingly, on behalf of all of us, I would like to join the Honourable Julia Gillard, Prime Minister of Australia and our host, to express profound thanks and appreciation to Her Majesty for leading the Commonwealth, these past six decades, with passion, dedication and commitment.

Our Commonwealth is remarkable not only because of the diversity of its membership, but principally because we are united by a set of shared values. Whether as rich, poor, small or large nations, we all aspire to live a life of freedom and dignity and to achieve economic and social progress for our people.

I believe these are precisely the same values that will ensure that our organisation remains relevant to its times and people in the future.

At her ascension to the throne in 1952, nearly 60 years ago, her Majesty captured the strength of our organisation when she noted that:

the Commonwealth bears no resemblance to the empires of the past. It is an entirely new conception built on the highest qualities of the spirit of man: “friendship, loyalty and the desire for freedom and peace.”

The fact that the Commonwealth is now globally recognised as a force for good, particularly in the areas of democracy and development, bears testimony to the widespread acceptance of its established values and principles. We must build on these attributes and strive to strengthen our rainbow coalition of governments, civil society and businesses, all united in partnership to deliver public goods and beneficial outcomes to Commonwealth citizens.

Your Majesty

Excellencies

I have much pleasure in asking you all to please rise and raise your glasses in toast to the Commonwealth:

“THE COMMONWEALTH”.
__._,_.___

Friday, September 23, 2011

WRITTEN WORDS

In accordance with my promise to keep feeding you with content on my blog, I thought I share 2 poems that only my facebook followers might have seen. I have to reiterate again that there is no single stronger than family in this life. They will always support you and help guide you. What they say is true, "Blood is thicker than water". I love my family.

The 1st one is a politically motivated poem (THINGS FALL APART) and the other is one of emotions(LIKE AN ANGEL). I hope you like the content and my style.

THINGS FALL APART
Friday, April 16, 2010

A simulation of a life drawn on the gates of Aso Rock
Classic case of perception vs reality
Wealthy individuals, starving nation
Corrupt leaders, vitiated people
Separated by the differing amount of zeros in our bank accounts
With men swinging their agbada saying, "one thousand, five hundred"
We need to account for the days when we would go to the bank
exchange one Naira for one Dollar
The days new graduates would get a job days after graduation
New civil servants riding around in their Volkswagen Beatles
United by the greed we all share in our eyes
A nation where things fall apart
From the soldiers in the biafra war
to the coup d'etat that eliminated Aguiyi Ironsi and Fajuyi in 1966
The letter bomb,
boom shalakaboob
kaboom boom pow pow,
that spread the body of Dele Giwa in his living room on October 19 1986
As significant as the war shells that was left to fall apart in Ikeja cantonment
Not deciphered by the great mind of our past military leaders,
leading to
boom shalakaboob
kaboom boom pow pow,
this time louder, as more bodies fall apart
Yet the president responds with, "We are a nation of millions of people. We thank God it is just a couple thousands, it could have been more"
Gone are the days when the Eagles were super
When Okocha would dribble through a defense like a snake in a maze
When Oliseh would drive a shot that tore the net like a knife in the hand of a hunter
Oh, how do I forget "SAP"
The devaluation of the Naira that sapped us of our strength as a nation
Religious enmity, clowned under the disguise of zonal leadership
Hause today, Yoruba tomorrow and Igbo never
Clever, but we smarter than that
By we, I mean the youth that are now willing to stand up
The ones who scream #ENOUGHISENOUGH on the streets of Abuja
All we ask is to #LIGHTUPNIGERIA
Yahooze has become the order of the day
On this day, I ask to have it in another way
Cultural Hegemony edges money in the mouth of my culture
People shutting their lips in reward for a meal for their family
They have become an ally to the destruction of self,
refusing to get emancipated from mental slavery
Shutting their eyes from the evil jungle justice they see
Triggered fingers fingering the guitar of the late FELA
Where are the men who would revive Kalakuta Republic?
Where are the men who would change the coil in the lantern when the oil runs out?
Yes, the oil will not last forever
Remember the strife of the Ogoni people
The public unquestioned hanging of Ken Saro Wiwa
I do not expect us to fall anymore to this kind abasha
Abacha might have drained our resources
Luckily, in many of us, the source is gained
The government has for long put us in a portmanteau of conundrum
They have played us hide and seek as all things fall apart
They express their ability to word play as they play with words
just that in reality, they are playing with our oblivion

LIKE AN ANGEL
Wednesday, January 19, 2011

Like an angel, she came into my life
Like I was trapped in a jail, I needed to escape
Messages, subliminal
Beauty, unexplained
Love so strong, hate so far
Life so sweet, my heartbeat fast
Want her to be mine
I swear she is so fine
Fine from far, fine when near too
Her words so soothing
Therapeutic, her touch is
Eyes, most innocent you will ever see
Nose, perfectly shaped like a bicycle seat
Lips so soft, honeycombs drops
Neck so firm, a gazelle would fear
Hips curved, my grip so firm
Bosom intact, four wrappers won’t hide them
Even more striking is her smile,
So bright, night never came
With her, joy seems eternal

When we make love, heaven seemed so near
We lock lips, gaze fixed
Hair stands, sweat breaks
Her hands gripping the silk sheets
Mine holding her back
We made love, doves seated at the window
Feet clenched, she would scratch my back
Eyes closed, she calls my name
With neighbors’ screaming
Eyes open, she calls again, chuckling
We shared jokes, time seemed to pause
Passionate the love we made,
Sensual the feeling we share
Zesty, things became
Alas, I knew she was mine to have
And I, hers to keep
Watch, as we go lay on the sand
With the lake in front of us,
We bade goodbye to the sun
Looking forward to dinner,  under the moonlight.

Her name is __________________





Wednesday, September 21, 2011

CONFUSED BEING

Many a times, the transition between phases of life comes with serious decision making. From nursery school, your parents decide what primary school you should go to. After primary, there is the secondary school debate. Single sex school or mixed? Religion based school? Government or private? Day or boarding school? Far or close to home? After Junior secondary, you decide if you want to be in the sciences or arts- If you would swap physics for government et al?....I will skip the remaining choices( believing you get the drift now) to the one that is of concern to me now. The compulsory National Youth Service comes to an end for me on October 6th, 2011( how time flies!) and now decisions are to be made over post graduate education? Entering the public service sector? Looking for job with a competent private firm? and my personal favourite- Self Employment. What decision I make would be dependent on many factors- I bet you will know which one it is soon. This decision should have been done and dusted a long time ago, but a couple things didn't go as planned. My reasoning: "Man proposes, God disposes".  

Another thing that makes me a confused being is the purpose of this blog. I started this blog as "where I express my mind, share my thoughts, help reveal other peoples thoughts, share reviews and notes I find interesting". I realized I don't blog consistently enough to be through to this purpose. I have since being thinking I could concentrate on something else that would not require daily or biweekly updates. Options aplenty for me in sports, entertainment, politics, finances and poetry. For those that are certain they know me well, please your advice would be well appreciated. I can say this for sure though(and the last time I will make this promise) I will be blogging on a more frequent basis. I have also been confused about what to do with my twitter handle. I changed it from dazedfaze to @MCMrLucas. I have been mixing the thoughts of Seun and that of my MC ego. I thought it was a good move at the time as I could increase the awareness of Mr. Lucas, but now I am wondering if it is right to mix them. I think I will keep it that way until I get a complaint.  

A friend asked me a question yesterday, "Seun, is there really worth in a long distance relationships?" I could sense the sadness in her voice. She's been with her bf( boyfriend) for 3 years, of which they've spent only about 6 months together in total. I truly am not one who is a big fan of long distance relationships, but I can understand if they absolutely have to exist. I usually advice though that a long distance relationship is best after you've been together in the same city and in constant physical contact for at least 3-4 months. Also, an insecure or jealous person is advised not to be in a long distance relationship at all. You save yourself the stress of wondering what the other is doing and having headaches and heartaches over someone who is miles or even countries and continents away from you. "Is my boyfriend cheating on me?" "He doesn't call me daily, I'm not sure he cares about me?". A long distance relationship is the most mature of relationship kinds. Do not venture if you are not a matured soul. Note: I am not an experienced man in relationship matters as I have not been in a good number. So my limitations ends with knowledge of friends relationships, and from my excellent ability to study human character. On this note, my answer is, there is a worth in a long distance relationship but it requires maturity, trust and an understanding nature from both players in the team. Lacking any of these, do not be in one. If you are currently in a long distance relationship or have been in one, please share your advice and/or experience. It could help someone.  

Arsenal Football Club of England is a major cause of confusion for me now. The team is in shambles at the moment, and has fallen far from glory.Like a disgruntled father and a wayward son, I cannot desert the club at this low points. What I am confused about is how much of the fellowship I should be enthralled in. Should I be a passive follower? Should I just watch the games and read the tabloids? Should I be an open critic of our doings? Should I put myself in the manager's shoes, support the team, defend the team strongly in public and hope these storm would pass? I think I would hold my thoughts for now, so I will have something to write the next time I am on here. If you have the time, I advise everyone to have a blog. Its therapeutic-it might not seem so but there are few things that feel better than a place to share your thoughts. They do not need to be caged. I ask that if you have the time, you should look through my previous postings, there are some interesting reads over diverse topics. Until my next blog, I ask God to bless you all.

Cheers.

Friday, August 5, 2011

This is Bad Luck

I cant fully express my feelings on the failure of Goodluck Jonathan thus far. For the good things, he has done since he assumed office on May 29th, he has spoilt it all by coming up with the idea of the proposed "single term tenure" and also the drama following the minimum wage law. I will take them one after the other.

First, the single term tenure

President Jonathan, why are you distracting the nation with an issue that affect you and other public holders when there are many other issues of concern that the electorate voted you into office for? The proposal by Goodluck is that public officers be held to a single 6 year tenure rather than the 2 terms of 4 years each. The reasoning is that it not only reduces the cost of electioneering in the Nigeria, which can be used on other things, but it also makes the political wars between running candidates reduce. Sir, Im sorry to say but this is the biggest nonsense I have heard since Obasanjo announced a third term.

Yes, you have made it clear that this propose bill does not affect you and Sambo. Great. But truth be told, did you realize that your bill would mean 6 years of the likes of Akala in Oyo, Doma in Nassarawa, Gbenga Daniels in Ogun et al? What is the incentive to offer good governance when I know I do not need the people to vote me in for a second term. This is even worse when the country has the worst record for battling corruption with Waziri and EFCC, just making noise without doing anything. (Anyone knows what became of the Dimeji Bankole story?. Just thought I'd ask).

The solution is not what you have proposed but for you to propose a bill that makes public offices less attractive. Nigeria pays her public officers the highest earnings in the world, and this is not matched with a good job or the country's earning. Why wouldnt I kill to be a governor if I know I can get as much as wealthy as 100 Indian office holders combined? Gone are the days when a lot of public offices were part time jobs as seen in the case of people like Abraham Adesanya in the early 60's: Court in the morning, House of Assembly in the afternoon on a peanut pay. People who made personal sacrifices to make Nigeria a great nation. I have statistics to back all my claims.
Another cure to this problem is efficient tools of combating corruption and bad governance. EFCC is just a joke. ICPC is an even bigger joke. The judicial system is an even worse joke.

It is quite sad but sometimes I prefer the military. We all know what the likes of Rawlings did in making Ghana what it is today.

Goodluck, work on the issues that affect the average man and not how your thieves in public office can stay in office longer. We do not care, sir.

Next is the drama that followed the minimum wage passage.

What kind of government makes a rule which is meant to be followed and then sits again with its citizenry to explain the rule when the rules are made to be obeyed by all and sundry. Its only in Nigeria that senators who work like 50 days in a year get paid tens of millions of Naira, while faithful hardworking civil servants are told they cannot be paid more than 18,000 naira a month. Governors are naming stupid portfolios such as adviser to the 1st lady on women affairs, and so many others, and they say they cant pay 18,000.
Im an economist and understand that things are not always as they seem. That paying 18,000 is not as simple as that. It becomes simple when many projects go abandoned, when billions of naira is stolen by politicians. A good government would cut unneccesary expenditure such as large cabinets and use the excess funds on nation development, not filling their pockets.

I and many of my fellow youths, love my country and we plan to get all you evil mongers out. So be prepared as this is my home and I will not let anyone ruin my home.

Shoutout to my friends at www.omojuwa.com, as they are part of this crusade to give meaning to our nation, because as it is now, Nigeria is a joke.