Browsing: Viewpoint

It was Sir Hubert Henderson, the British economist and Liberal Party politician that said, there is a merit in being unimportant, which he paraphrased in a book under the caption, “The Importance of Being Unimportant.” Sir Henderson expressed the idea that, under the right conditions, it is desirable to be a very small part of something big. One needs not be an expert in English language to understand that Sir Henderson was talking about the goodness or distinction of modesty, particularly with respect to the righteousness of rectitude and the enviable quality of being moderate in behaviour. And precisely that is the quality that I think is missing in the displayed attitude of the now suspended Governor of Nigeria’s Central Bank, Chief, Godwin Emefiele.

In 2020, one of the reputable national newspapers in Nigeria in its editorial comment among other observations noted that Nigeria would be facing another round of fiscal headwinds this year with the mix of $83 billion debt; rising recurrent expenditure; increased cost of debt servicing; sustained fall in revenue; and about $22 billion debt plan waiting for legislative approval.

It is no longer news that some of the first-term governors-elect will face many months of unpaid workers’ salaries and mounting pension liabilities, as well as agitation for the implementation of the nationally agreed minimum wage, rising inflation, escalating prices of goods and services, and dwindling purchasing power. These incoming governors, about seventeen of them, according to reports will have a difficult time boosting the economies of their individual states because they will take over at least N2.1 trillion in domestic debt and $1.9 billion in foreign debt from their predecessors.

After an unexpectedly sluggish start (it took him longer than usual to appoint his spokesperson, which conduced to the luxuriant flowering of avoidable rumors and disinformation), President Bola Ahmed Tinubu is finally decisively stamping his authority on the Nigerian political space with a frenetic blizzard of appointments and disengagements of the personnel of government. 

The end to wobbling efforts in checkmating security challenges in the country was manifested this Monday when President Bola Ahmed Tinubu sacked former security chiefs and replaced them with persons believed to possess the capacity and determination to tackle the monsters of insurgency that have turned life into a nightmare for many ordinary citizens.

Back in 1995, I had the privilege of being part of a media team that interviewed late President Shehu Shagari at his residence in Shagari village. It was a period when Nigeria was in search of determination, when sociocultural groups became rallying points for the expression and assertion of sectional and ethnic interests.