
How do governors now wholly ask for more powers if they haven’t earned trust with the ones advanced to them? Are we encouraging the expansion of fiefdoms at the local levels?
How will the citizens safeguard the supremacy of the law? This is why our restructuring should start with one question: how do we establish and reinforce an accountable system that reworks power symmetry? After that, we can further explore questions to expand productivity and improve security. We need a constitution that binds everyone to conduct, a review that changes the power symmetry and truly returns power to the people.
We need to talk. Yes! Another national conference — as a nation, put all our cards on the table and rethink how we build productivity, social welfare and security. The current system that divides corporate taxes and oil rent on the basis of the population does not incentivise production, it only favours outsized population growth and elite consumption.
We should start by interrogating these documents and bring the entire legislative apparatus — national and state levels — together to our national conversation.
In cushioning this effect, the Federal Government should set up two funds — Productivity Fund and Equity Fund. A Productivity Fund provides seed support to states interested in exploring new economic themes that expand their revenue profile in the long term while an Equity Fund that plugs inequities such as education, youth empowerment and health statistics across Nigeria’s geopolitical zones for a fixed period.
The Equity Fund might be a repurposing of current development outlets such as NDDC, NEDC, Social Investment Programmes in a manner that pays attention to environments with severe socio-economic indices.
These answers will not come easily or quickly. We will require steady answers to non-exhaustive questions that will define the existence of Nigeria. Restructuring is no longer a wish for Nigeria, it needs to be on the table as well as the principles of fairness, accountability and productivity. If Nigeria is to survive, it cannot continue to shy away from its existential questions and it’s about how to rework the current power inequities and truly give power to the people.
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