Opinion
Lessons From Japan
As part of President Buhari’s administration’s strategies to revive the country’s ailing economy, the Central Bank of Nigeria (CBN), three years ago, restricted access to foreign exchange at the official window for importers of some designated items.
Importers of such named items are by this development to source foreign exchange from the parallel market where the price of forex is significantly higher than the official rate. Although in May, 2017, the CBN lifted the restriction on importers whose cumulative transactions are $20,000 and below per quarter.
Apart from taking this measure, the country’s financial umpire went on to outrightly ban the importation of certain goods into the country, most of which are consumer or intermediate products.
The Central Bank Governor, Godwin Emefiele, took this step because he strongly believes that this protectionist bid would help to “resuscitate local manufacturing” and “change the structure of the economy”.
This, former President Olusegun Obasanjo, also once acknowledged during his tenure, when he vowed; ”We are certainly going to ban more products, the idea is to protect our local industries and boost our manufacturing capability substantially”.
Even though some econmic analysts consider the import ban strategy a good initiative by the CBN, positing that it will inspire local production and automatically impact on the nation’s Gross Domestic Product (GDP), the like of Razeen Sally, professor of International Political Economy at the National University of Singapore, views it rather inherently arbitrary, discriminatory and opaque.
Professor Sally’s grouse stems from the fact that powerful individuals and interest groups often bypass Ministry of Trade’s officials and even the minister to secure waivers directly from sitting presidents, as he claimed.
If Professor Sally’s argument be true, one wonders why any government would dare to destroy a policy it has put in place to correct a system’s anomalies. Could it be said that policy-making in Nigeria is based on administrative fiat and ministerial discretion?
The import ban approach may not be peculiar to Nigeria. However, the attitude of the government towards its implementation determines the level of result to be expected. After all, Japan’s great and unbelievable fast technological and industrial breakthrough started when it banned the importation of articles into the country.
I think it is time Nigerian government articulated its economic policies with the understanding that the role of government in the 21st century must evolve from that of being an omnibus provider of citizens’ needs into a force for eliminating the bottlenecks that hitherto impeded innovation and market -based solutions.
Today, the entire world talks about Japan. This is so because the Japanese government played a vital role by creating an enabling economic environment which was evident in complementing the development of superior production and enterprise systems by Japanese industry.
It is, therefore, no gain saying the fact that the best and most fuel-economical cars, engines and power generators are from Japan. The Hondas, Suzukis, Kawazakis, Mazdas, and Toyotas are Japanese. Incredibly, the Americans now import Japanese cars.
In one of his pieces: “Sweating Before Soaring”, Dr. Chris E Kwakpovwe, a publisher and writer, explained that the Japanese decision to ban importation of goods into the country subjected the citizens into economic suffering.They all resorted to the use of crude automobile and probably became a laughing stock before other countries.
Like every other growing economy, Japan’s bid to reposition itself in the global economic map, was not without challenges. Policymakers, no doubt, may have had to contend with issues on low growth, deflation, unemployment, and a debilitating amount of non performing debt.
When leaders outline lofty visions, it is for patriotic citizens and their corporate entities to key in. The determination of the present administration of President Muhammadu Buhari to change Nigeria from an import dependent country to a producing nation can only be feasible if we all pledge to be on the same page.
The bourgeoisie and the talakawas bear the brunt of every transformation endeavour and are expected to believe in its workability irrespective of the reactional realities. It is on this premise that Thomas Woodrow Wilson, the 28th president of the United States of America, declared “ I would rather fail in a cause that will ultimately succeed”.
Ninety per cent of failures today result from people refusing to endure pressure and giving up so soon. But those who understand the gains of transformation, would always undermine the pains.
What Japan’s experience demonstrated with great clarity is that problems arising from efforts geared at fixing cracked or dilapidated system should rather propel us to greatness instead of deterring us.
Again, indecision and inaction must not characterize the government’s response. Thus, a vibrant, responsive and proactive government is all that is needed in any transformative agenda.
Sylvia ThankGod-Amadi
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Restoring Order, Delivering Good Governance
The political atmosphere in Rivers State has been anything but calm in 2025. Yet, a rare moment of unity was witnessed on Saturday, June 28, when Governor Siminalayi Fubara and Minister of the Federal Capital Territory, Chief Nyesom Wike, appeared side by side at the funeral of Elder Temple Omezurike Onuoha, Wike’s late uncle. What could have passed for a routine condolence visit evolved into a significant political statement—a symbolic show of reconciliation in a state bruised by deep political strife.
The funeral, attended by dignitaries from across the nation, was more than a moment of shared grief. It became the public reflection of a private peace accord reached earlier at the Presidential Villa in Abuja. There, President Bola Ahmed Tinubu brought together Governor Fubara, Minister Wike, the suspended Speaker of the Rivers State House of Assembly, Martin Amaewhule, and other lawmakers to chart a new path forward.
For Rivers people, that truce is a beacon of hope. But they are not content with photo opportunities and promises. What they demand now is the immediate lifting of the state of emergency declared in March 2025, and the unconditional reinstatement of Governor Fubara, Deputy Governor Dr. Ngozi Odu, and all suspended lawmakers. They insist on the restoration of their democratic mandate.
President Tinubu’s decision to suspend the entire structure of Rivers State’s elected leadership and appoint a sole administrator was a drastic response to a deepening political crisis. While it may have prevented a complete breakdown in governance, it also robbed the people of their voice. That silence must now end.
The administrator, retired naval chief Ibok-Ette Ibas, has managed a caretaker role. But Rivers State cannot thrive under unelected stewardship. Democracy must return—not partially, not symbolically, but fully. President Tinubu has to ensure that the people’s will, expressed through the ballot, is restored in word and deed.
Governor Fubara, who will complete his six-month suspension by September, was elected to serve the people of Rivers, not to be sidelined by political intrigues. His return should not be ceremonial. It should come with the full powers and authority vested in him by the constitution and the mandate of Rivers citizens.
The people’s frustration is understandable. At the heart of the political crisis was a power tussle between loyalists of Fubara and those of Wike. Institutions, particularly the State House of Assembly, became battlegrounds. Attempts were made to impeach Fubara. The situation deteriorated into a full-blown crisis, and governance was nearly brought to its knees.
But the tide must now turn. With the Senate’s approval of a record ?1.485 trillion budget for Rivers State for 2025, a new opportunity has emerged. This budget is not just a fiscal document—it is a blueprint for transformation, allocating ?1.077 trillion for capital projects alone. Yet, without the governor’s reinstatement, its execution remains in doubt.
It is Governor Fubara, and only him, who possesses the people’s mandate to execute this ambitious budget. It is time for him to return to duty with vigor, responsibility, and a renewed sense of urgency. The people expect delivery—on roads, hospitals, schools, and job creation.
Rivers civil servants, recovering from neglect and under appreciation, should also continue to be a top priority. Fubara should continue to ensure timely payment of salaries, address pension issues, and create a more effective, motivated public workforce. This is how governance becomes real in people’s lives.
The “Rivers First” mantra with which Fubara campaigned is now being tested. That slogan should become policy. It must inform every appointment, every contract, every budget decision, and every reform. It must reflect the needs and aspirations of the ordinary Rivers person—not political patrons or vested interests.
Beyond infrastructure and administration, political healing is essential. Governor Fubara and Minister Wike must go beyond temporary peace. They should actively unite their camps and followers to form one strong political family. The future of Rivers cannot be built on division.
Political appointments, both at the Federal and State levels, must reflect a spirit of fairness, tolerance, and inclusivity. The days of political vendettas and exclusive lists must end. Every ethnic group, every gender, and every generation must feel included in the new Rivers project.
Rivers is too diverse to be governed by one faction. Lasting peace can only be built on concessions, maturity, and equity. The people are watching to see if the peace deal will lead to deeper understanding or simply paper over cracks in an already fragile political arrangement.
Wike, now a national figure as Minister of the FCT, has a responsibility to rise above the local fray and support the development of Rivers State. His influence should bring federal attention and investment to the state, not political interference or division.
Likewise, Fubara should lead with restraint, humility, and a focus on service delivery. His return should not be marked by revenge or political purges but by inclusive leadership that welcomes even former adversaries into the process of rebuilding the state.
“The people are no longer interested in power struggles. They want light in their streets, drugs in their hospitals, teachers in their classrooms, and jobs for their children. The politics of ego and entitlement have to give way to governance with purpose.
The appearance of both leaders at the funeral was a glimpse of what unity could look like. That moment should now evolve into a movement-one that prioritizes Rivers State over every personal ambition. Let it be the beginning of true reconciliation and progress.
As September draws near, the Federal government should act decisively to end the state of emergency and reinstate all suspended officials. Rivers State must return to constitutional order and normal democratic processes. This is the minimum requirement of good governance.
The crisis in Rivers has dragged on for too long. The truce is a step forward, but much more is needed. Reinstating Governor Fubara, implementing the ?1.485 trillion budget, and uniting political factions are now the urgent tasks ahead. Rivers people have suffered enough. It is time to restore leadership, rebuild trust, and finally put Rivers first.
By: Amieyeofori Ibim
Amieyeofori Ibim is former Editor of The Tide Newspapers, political analyst and public affairs commentator
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