Of course, the country faces
challenges, most of which are related to the recent drop in the price of oil on
the global market, and the unitary elements of the Nigerian State that
continues to be overly dependent on a single commodity, oil.
Those unitary elements of the
federal State, together with the over-dependence of all levels of government on
oil revenues, make it difficult to rationalize public budgets, by way of
aligning economic activity and the taxes it creates in the political
jurisdictions, to public spending in those jurisdictions.
Those systemic problems cannot be
corrected by a presidential order. They have to be addressed by the national
legislature, pushed along by the people, in the government by the people, for
the people, of the people. Overall, however, by all objective measures, the
Jonathan team has been hugely successful. All of the talk about failure is
nothing but the effect, of seeing a thunderstorm and declaring that God has
destroyed the world with a massive flood.
Comments
Post a Comment