Opinion
Nigerian Lawmakers And Economic Recession
Senator Ben Murray-Bruce representing Bayelsa-East Senatorial District in the Red Chamber of the National Assembly recently called on President Muhammadu Buhari to adjust his approaches to the anti-corruption crusade, stating that the policy was scaring investors thereby doing more harm than good to the economy. The commonsense proponent made the remarks while contributing to the Senate’s debate on the economic recession in the country prior to its adjournment for the Yuletide.
In making his motion, the eloquent lawmaker categorically referenced the Economic and Financial Crimes Commission (EFCC) over the interrogation of an acquaintance that deposited a legitimate sum of N50million into bank account and was quizzed.
Unfortunately, the senator didn’t substantiate the legitimacy on the source of the fund which attracted the operatives’ forceful invitations. Unequivocally, the anti-graft agency under the EFCC Act is empowered to investigate all suspicious financial activities within its jurisdictions. Besides, investigation doesn’t in any way connote conviction or sentence. In China, Dubai and other nations for instance, operatives go as far as intruding into laptops and flash-drives belonging to persons by mere suspicions.
The war against corruption demands unfettered support particularly from the legislators that make the laws or perhaps, the laws were made for making sake or copied and pasted with no idea of consequences. Whatever be the case, the Act competently empowers the anti-graft agency to operate as it did.
The truth is that any huge deposit which cannot be substantially accounted for will lose its legitimacy. A citizen with a capability to load a huge amount of money should be commonsensically able to account for its sources. Interestingly, Senator Bruce believably has toured so many countries of the world, and knows that such gigantic deposits will certainly attract questions from operatives in most countries.
Without a doubt, Nigeria, since its creation operated absolute liberalism where people flaunted money with no clear means of livelihood. This largely contributed to the high rate of various crimes; bank-robbery, treasury-looting, ritualism and kidnapping, among other heinousness since no one is questioned to give accounts.
The statutory duties of the anti-corruption agencies cannot sensibly be alluded as reasons for the present predicaments in the nation, but non-existence of tangible and realistic economic blueprints by all the previous leader. Instead, our frontrunners compacted leadership to merely sale of crude oil and affluence lifestyles.
The crux of the matter as far as the economic recession is concerned and distinct to Senator Bruce’s deduction is that Nigeria’s political class unconsciously, mischievously and negligently invited recession into the country. Idiosyncratically, an economy with only a tangible source of revenue will certainly crash as soon as the commodity loses its high demand or crashes in price as it is presently the case. Sadly, despite such a gross drift, the nation unremittingly lavished almost all its incomes in maintaining its senators and members of the House of Representatives on extraneous allowances.
Obviously, a state of emergency is crucial in the legislative arm either to scrap the bicameral legislature in the country for the meantime or do away with all the inexplicable allowances for merely taking positions for ‘…say Yea or…say Nay…’ recitals at the detriments of the suffering masses.
Undeniably, the monthly take-home pays for the legislators in contradistinction of salaries of other Nigerians in both private and public sectors suggest of a divide and rule, a blinded society and height of oppression. By economic indices, with the huge amounts running into billions spent on the federal legislature on monthly basis without likelihood of equivalent revenues, the economic recession may never end in the country. The heterogeneous allowances of the lawmakers should at the moment be judiciously placed on recession. The bell of recession as rang in other countries demands alterations and adjustments in most of recurrent expenditures at least in the interim.
How do we justify pensioners collapsing every now and then and a lot of families subjected to hunger and starvation while lawmakers are dining and wining; living in affluence and allocating sundry public funds for luxuries? This singularly contributed largely to the failure of the economy, and not anti-corruption approaches of the executive.
The anti-graft agencies owe the nation a duty to eliminate corruption to the barest minimal; however, our greatest challenge is that corruption is also thriving among these bodies statutorily set up for a crime free society. The onerous task for President Buhari is to sanitize the agencies thoroughly alongside concerted and sophisticated monitoring towards efficient service delivery.
By and large, the anti-graft agencies should be allowed to do their work without encumbrances. The superlative gesture any lawmaker can offer the nation at this critical time on resumption for plenaries in 2017 is to daringly sponsor motions towards cutting down tremendously all extraneous allowances in the legislative arm of government that continue to drain the economy. The excessive expenditures over the years far above revenues is itself a blooper, and will certainly lead to recession. Imperatively, to pitilessly maintain these bazaar-allowances among the ‘distinguished senators and honourable members while most of the electorate that relentlessly stood for them during elections cannot afford basic daily feeding is wicked,tyrannical and the height of insensitivity and insensibility. Thus, setting our priorities right albeit belated aggregately remains the sine qua non to getting rid of the quandaries and not anti-corruption approaches.
Umegboro is a public affairs analyst and publisher.
Carl Umegboro
Opinion
Time and Season Can Tell
Opinion
Why Adaeze Deserves A Second Chance
Opinion
Empowering Youth Through Agriculture
Quote:”While job seeking youths should continuously acquire skills and explore opportunities within their immediate environment as well as in the global space through the use of digital platforms, government, corporate/ multinational organizations or the organised private sector should generate skills and provide the enabling environment for skills acquisition, through adequate funding and resettlement packages that will provide sustainable economic life for beneficiaries”.
The Governor of Rivers State, Sir Siminalayi Fubara, recently urged youths in the Rivers State to take advantage of the vast opportunities available to become employers of labour and contribute meaningfully to the growth and development of the State. Governor Fubara noted that global trends increasingly favour entrepreneurship and innovation, and said that youths in Rivers State must not be left behind in harnessing these opportunities. The Governor, represented by the Secretary to the State Government, Dr Benibo Anabraba, made this known while declaring open the 2026 Job Fair organised by the Rivers State Government in partnership with the Nigeria Employers’ Consultative Association (NECA) in Port Harcourt. The Governor acknowledged the responsibility of government to create jobs for its teeming youth population but noted that it is unrealistic to absorb all job seekers into the civil service.
“As a government, we recognise our duty to provide employment opportunities for our teeming youths. However, we also understand that not all youths can be accommodated within the civil service. This underscores the need to encourage entrepreneurship across diverse sectors and to partner with other stakeholders, including the youths themselves, so they can transition from being job seekers to employers of labour,” he said. It is necessary to State that Governor Fubara has not only stated the obvious but was committed to drive youth entrepreneurship towards their self-reliance and the economic development of the State It is not news that developed economies of the world are skilled driven economies. The private sector also remains the highest employer of labour in private sector driven or capitalist economy though it is also the responsibility of government to create job opportunities for the teeming unemployed youth population in Nigeria which has the highest youth unemployed population in the subSahara Africa.
The lack of job opportunities, caused partly by the Federal Government’s apathy to job creation, the lack of adequate supervision of job opportunities economic programmes, lack of employable skills by many youths in the country have conspired to heighten the attendant challenges of unemployment. The challenges which include, “Japa” syndrome (travelling abroad for greener pastures), that characterises the labour market and poses threat to the nation’s critical sector, especially the health and medical sector; astronomical increase in the crime rate and a loss of interest in education. While job seeking youths should continuously acquire skills and explore opportunities within their immediate environment as well as in the global space through the use of digital platforms, government, corporate/ multinational organizations or the organised private sector should generate skills and provide the enabling environment for skills acquisition, through adequate funding and resettlement packages that will provide sustainable economic life for beneficiaries.
While commending the Rivers State Government led by the People First Governor, Sir Siminilayi Fubara for initiating “various training and capacity-building programmes in areas such as ICT and artificial intelligence, oil and gas, maritime, and the blue economy, among others”, it is note-worthy that the labour market is dynamic and shaped by industry-specific demands, technological advancements, management practices and other emerging factors. So another sector the Federal, State and Local Governments should encourage youths to explore and harness the abounding potentials, in my considered view, is Agriculture. Agriculture remains a veritable solution to hunger, inflation, and food Insecurity that ravages the country. No doubt, the Nigeria’s arable landmass is grossly under-utilised and under-exploited.
In recent times, Nigerians have voiced their concerns about the persistent challenges of hunger, inflation, and the general increase in prices of goods and commodities. These issues not only affect the livelihoods of individuals and families but also pose significant threats to food security and economic stability in the country. The United Nations estimated that more than 25 million people in Nigeria could face food insecurity this year—a 47% increase from the 17 million people already at risk of going hungry, mainly due to ongoing insecurity, protracted conflicts, and rising food prices. An estimated two million children under five are likely to be pushed into acute malnutrition. (Reliefweb ,2023). In response, Nigeria declared a state of emergency on food insecurity, recognizing the urgent need to tackle food shortages, stabilize rising prices, and protect farmers facing violence from armed groups. However, without addressing the insecurity challenges, farmers will continue to struggle to feed their families and boost food production.
In addition, parts of northwest and northeast Nigeria have experienced changes in rainfall patterns making less water available for crop production. These climate change events have resulted in droughts and land degradations; presenting challenges for local communities and leading to significant impact on food security. In light of these daunting challenges, it is imperative to address the intricate interplay between insecurity and agricultural productivity. Nigeria can work toward ensuring food security, reducing poverty, and fostering sustainable economic growth in its vital agricultural sector. In this article, I suggest solutions that could enhance agricultural production and ensure that every state scales its agricultural production to a level where it can cater to 60% of the population.
This is feasible and achievable if government at all levels are intentional driving the development of the agricultural sector which was the major economic mainstay of the Country before the crude oil was struck in commercial quantity and consequently became the nation’s monolithic revenue source. Government should revive the moribund Graduate Farmers Scheme and the Rivers State School-to-Land agricultural programmes to operate concurrently with other skills acquisition and development programmes. There should be a consideration for investment in mechanized farming and arable land allocation. State and local governments should play a pivotal role in promoting mechanized farming and providing arable land for farming in communities. Additionally, allocating arable land enables small holder farmers to expand their operations and contribute to food security at the grassroots level.
Nigeria can unlock the potential of its agricultural sector to address the pressing needs of its population and achieve sustainable development. Policymakers and stakeholders must heed Akande’s recommendations and take decisive action to ensure a food-secure future for all Nigerians.
By: Igbiki Benibo
-
Sports4 days ago2026 WC: Nigeria, DR Congo Awaits FIFA Verdict Today
-
Politics4 days ago
ADC, PDP, LP Missing As INEC Set For By- Elections In Rivers
-
Environment4 days agoOxfam, partners celebrate 5 years of climate governance programmes in Nigeria
-
Politics3 days ago
FG’s Economic Policies Not Working – APC Chieftain
-
Politics4 days ago2027: Diri Unveils RHA LG Coordinators, APC Congress Panel
-
Politics4 days agoReps To Meet,’Morrow Over INEC’s 2027 Election Timetable
-
Politics4 days agoGroup Continues Push For Real Time Election Results Transmission
-
Sports3 days ago
Sunderland Overcome Oxford Challenge
