Opinion
Task Before Jonathan’s Economic Team
Nigerians are hoping for the best from the 24-man National Economic Management Team (NEMT) inaugurated last week by President Goodluck Ebele Jonathan to drive his transformation agenda for the nation. The membership of the team which has President Jonathan, himself, as chairman, Vice-President Namadi Sambo as Vice-chairman, and the Minister of Finance, and coordinating minister for the economy, Ngozi Okonjo-Iweala as coordinator is drawn from both the public and private sectors.
The members of the team include Minister of National Planning, Shamsudeen Usman, Minister of Trade and Investment, Olusegun Aganga, Minister of Power, Barth Nnaji, Minister of Petroleum Resources, Diezani Madueke, governor of the Central Bank of Nigeria, Lamido Sanusi, the Adamawa State Governor, Murtala Nyanko, the Anambra State Governor, Peter Obi, and the President, Nigerian Economic Society, Atedo Peterside. Others are Minister of Agriculture, Minister of Works, Minister of Education, Minister of Health, Minister of State, Finance, and Minister of state Health. The Chief Economic Adviser to the President, the Special Adviser to the President (Monitoring and Evaluation) the Director-General of the Budget Office, the Director General of the Bureau of Public Enterprise, Director General, Debt Management Office, Director General, Bureau for Public Procurement and Director General, Infrastructure Concession Regulatory commission are also members.
Apparently, to doubly ensure the effectiveness and efficiency of the team, President Jonathan co-opted into it the country’s foremost business mogul, Aliko Dangote, the chairman, Federal Inland Revenue Service, Ifueko Omoigui-Okauru, the Managing Director, Access Bank, Aigboje Imoukhuede, and the President, Manufacturers Association of Nigeria, Kola Jamodu and constituted a 15 – member implementation team headed by Ngozi Okonjo-Iweala.
It goes without saying that even with its abundant natural resources, Nigeria is characterised by mass poverty, low level of productivity, high and rising level of unemployment and underemployment, inadequate housing, poor health, limited education, insecurity, violence, and corruption.
So the task before President Jonathan’s National Economic Management Team is to extricate the country from its socio-economic quagmire and place it on the path of growth and development. As noted by President Jonathan in his address to the team: “our people want to see improvement, not only in terms of reduced inflation, higher economic growth and economic diversification, but also in job creation, better school enrolment, improved access to health care and a more sustainable environment. They want regular and sustainable electricity supply, higher purchasing power, and social infrastructure”.
And in line with the UN Millennium Development Goals (MDGS), Nigerians also want to see the eradication of extreme poverty and hunger, achievement of universal primary education for our children and youths, promotion of gender equality and women empowerment, reduction in child mortality, improvement in maternal health, and effective measures against HIV/AIDs, malaria, and other diseases.
Considering the inability or out right failure of previous similar bodies to reverse the dispiriting fortunes of the Nigerian state, the people are anxiously waiting to see the value of the new team to the country.
It would not be enough for the economic team to set goals like the previous ones. No. It would be necessary to reduce the goals to measurable functions against which the success of its plans or blueprint can be objectively determined. The team must therefore translate the aspirations of the Nigerian people into measurable goals, and the goals into targets.
And fundamentally, the team must undertake a cost-benefit analysis of every project to be recommended to government for execution. This would involve carrying out investigations to determine the economic viability, social desirability, technical practicability, financial justification, and the degree of probability of success or failure of the projects.
The need for cost-benefit analysis for public projects cannot be over-emphasised. But surprisingly, only a few public projects are subjected to cost-benefit analysis in Nigeria. And the result is that public projects are usually revalued again and again making the completion costs higher than the estimates which are often conjectured. This explains why a lot of public projects in the country are abandoned regardless of their completion stage.
One major factor that undermines cost-benefit analysis in public business is primacy of politics. In the words of Patrick E. Olawa in his book Participatory Democracy in Zambia: The Political Economy of National Development: “The primacy of politics exists in the process of policy and decision-making when political considerations outweigh rational technical question of selecting alternatives which have the greatest ability of affecting the most efficient allocation of scare resources”.
Yes, politicians may deliver political addresses and declaration to satisfy often divergent psychological needs and expectations of the times without first operationalising them within research context. They may prefer dramatic short term goals that deal with immediate pressing problems, to long-range programmes designed to tackle the various aspects of development. And they may make major policy decisions without considering the repercussions on long-term planning. But as on advisory body, it would be the responsibility of the economic team to articulate and present to government the costs and benefits of their decisions and non-decisions to the country and its people.
Finally, this formidable team should bear in mind that as they would be aiming for specific economic ideals for the country, enemies of progress would be doing their best to frustrate them. May God Almighty grant them the strength and wisdom to meet the challenges of this great task with utmost effectiveness and efficiency.
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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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