1 June 2011
By Nasir el-Rufai, former minister of
and former director of the Bureau of Public Enterprises Federal Capital Territory
Yet, this year, government will spend more to subsidize petrol (about USD 5 billion) than on roads, education, health and power combined. This prioritization is symptomatic of the political economy of today’s
At issue is whether
remains a “Clique Democracy” or a real, people-driven democracy; whether the current leadership, sworn in again on Sunday has the character, vision and will to defy vested political and business interests to govern decently and grow the economy. Without a major change in the way our country is governed there is reason to fear that what should be Nigeria Africa’s leading economy, will instead be courting disaster.
President Goodluck Jonathan’s first 18 months at the helm did not bode well. The politics of division has pitted northerners against southerners and Christians against Muslims to the point that obtaining the cohesion and social harmony necessary for economic development will be very difficult.